Daily GSR - Gold/Silver/Ratio Thread

[ccjoe]

No way could I listen to that crap.

Everyone is different as I would NOT go to an opera for 1000 bucks!
2 thousand yes

[Irons]

43.6 and rising.......

[Irons]

44.1..Goin up

We hit 50:1 and it's gonna run like a scalded cat

[coopersmith]

44.1..Goin up

You must be mistaken, its supposed to be 16/1............

[Irons]

You must be mistaken, its supposed to be 16/1............

Yah, silly me I keeps fergettin'.

[andial]

Last chance for romance.

[lightcycler]

Looks to me like we can expect a ratio in the 50 range before it starts lower again.

[jake]

Looks to me like we can expect a ratio in the 50 range before it starts lower again.

All you gold bugs will be extremely lucky if you see 50 to 1 again in your lifetime. Get 45 ounces of silver for your ounce while you can.

[Irons]

Looks to me like we can expect a ratio in the 50 range before it starts lower again.

If it hits 51:1 then 70:1 + is in the bag. one thing consistant about silver is when it decides to drop it drops like a mofo.~

[andial]

45 is bedrock ceiling IMHO.

[Irons]

45 is bedrock ceiling IMHO.

You been spot on so far on your predictions Brother Andial, I'll grant you that!~~

[andial]

You been spot on so far on your predictions Brother Andial, I'll grant you that!~~

I think I got a little too slick over the last month. Right now I am sitting on my hands as far as trading in any more Gold for Silver.

[ccjoe]

You must be mistaken, its supposed to be 16/1............

You guys are being facetious right?
IT IS GOING TO 16/1 as most experts agree and it ain't going to change because of people who invested EVERYTHING in gold
Not to fret as gold WILL go up to 2500 as JP just announced. If Jaime speaks, we all listen, even though his stock fell off the cliff today.
What a great day for GOLD and for America as everyone is now seeing the naked emperor.

[LoveSilver]

Silver Girl...."you are money and you don't even know it"

[Irons]

45 is bedrock ceiling IMHO.

44.9 and climbing.....

[lhslancers3270]

I thought we might see 50 or higher on a correction. Who said 80-1?

[Eat Beef]

IT IS GOING TO 16/1

I agree!

Right after a trip above 50:1.

[Irons]

GSR 45:1 @ 10:30 PM 8/8/11

[andial]

Come on Silver, Get up, Get up!

[Silver Buck]

45:1

Joe, you listen to the shills and snake oil doctors, but you forget fundamentals.

Supply and Demand.

Folks are not demanding Silver, they are demanding Gold.

It doesn't matter what the above ground ratio is, or what you want it to be...

It's what the masses demand.

And they demand Gold.

Silver is too industrial and too volatile to invest in, and the industrial demand may/will go away.

Especially in a SHTF scenario.

Gold is King, and always will be.

[ccjoe]

45:1

Joe, you listen to the shills and snake oil doctors, but you forget fundamentals.

Supply and Demand.

Folks are not demanding Silver, they are demanding Gold.

It doesn't matter what the above ground ratio is, or what you want it to be...

It's what the masses demand.

And they demand Gold.

Silver is too industrial and too volatile to invest in, and the industrial demand may/will go away.

Especially in a SHTF scenario.

Gold is King, and always will be.

You are officially right now SB, irons, and the gang FOR NOW!
I am shocked by this NOT GOLD GOING PARABOLIC, but silver not accompanying??
Remember Dylan though, the loser will be later to win, the times they are changin.
It does make me feel great that au is going through the roof to show all those naysaying pricks that gold is indeed money.
Gold is and will always be king as I think we can all agree on.

[Irons]

46.2 and headed to 70:1

[ccjoe]

45:1

Joe, you listen to the shills and snake oil doctors, but you forget fundamentals.

Supply and Demand.

Folks are not demanding Silver, they are demanding Gold.

It doesn't matter what the above ground ratio is, or what you want it to be...

It's what the masses demand.

And they demand Gold.

Silver is too industrial and too volatile to invest in, and the industrial demand may/will go away.

Especially in a SHTF scenario.

Gold is King, and always will be.

This is why I allude to the "10" here as being like 1984> everything backwards.
I've posted over and over about my whole philosophy is simple supply/demand and used the e.g. pot analogy in college that whoever owned the pot could charge whatever they wanted and they usually got it.
Now SB says that gold is supply and demand and silver is not? Cuckoo, cuckoo as Jack Black said in shallow hal when everyone couldn't see how beautiful Gryneth Paltrow was.
I've posted link after link for 3 years now how the Indians, Chinese, et all could NOT afford gold so they would go to silver. They have.
What is going on NOW, are the institutionals going after gold.
Once the retail billions of people get in full flow buying, SILVER will show even Buck and the Orwellians here that supply/demand dictates a 16/1 and silver going parabolic.
Just read some of my hundred of links buck throughout the years instead of trying to blow smoke up our asses. We get that from Barry so we don't need the bull**** from you here.

[Irons]

Nice flip flop einstein.

[ccjoe]

Nice flip flop einstein.

No flip flop at all.
Where is the flip flop?
You continue not to respond to my 2 complimentary posts about you and all my other posts.
Some things never change.
Go back to bed for another 7 hours to give us all a break.

[curmudgeonista]

Seemed pretty obvious to me that gold would eventually be the star of the latest episode of Obama's Super-Duper Economy-Crash Gameshow.

No doubt, there will be some stricken with the silver sickness who will accuse me of hating silver for making such a subversive statement, but nothing could be farther from the truth. In fact, before I started reading GIM it never even occurred to me that there were people out there that loved silver and not gold... and who would so vehemently attack anyone who favors gold over it... or, like me, just simply likes both. Frankly, I always considered gold and silver in the same basket. Only in the last few years have I made more of a distinction between them than my traditional "buy gold when you have a lot of money to spend, silver when you only have a little."

There are times when I favor silver. There are times when I favor gold. There are times when I see silver as a mechanism to get more gold. Right now my gut feeling to favor gold the last several months seems to be in the process of being affirmed. Yet, if today's trend continues I'm going to want to add more silver. Then again, in these crazy times the biggest mistake one can make is to assume things will remain as they are.

It just absolutely floors me that some of the people who frequent this site, spending hours a day on it, cannot see the ebb and flow that makes both metals walk hand-in-hand. There are none so blind as those who will not see.

[coopersmith]

Wow silver is taking a grubbing. Maybe we ought to change its moniker to 'the rich man's copper.'

Ohh, Ohhh, I just found a '71 penny in my change.............

Gold/Silver Ratio 45.66

[Irons]

No flip flop at all.
Where is the flip flop?
You continue not to respond to my 2 complimentary posts about you and all my other posts.
Some things never change.
Go back to bed for another 7 hours to give us all a break.

I stopped replying to your posts because you fly all over the place like a bottle rocket with the stick broken off

and I don't feel the need to fuel your overall batsh!ttiness.

I do wish you the best in whatever it is that you do though.

[curmudgeonista]

I stopped replying to your posts because you fly all over the place like a bottle rocket with the stick broken off

and I don't feel the need to fuel your overall batsh!ttiness.

I do wish you the best in whatever it is that you do though.

Got a puzzle for ya'.

Is someone who is consistently inconsistent incapable of changing or incapable of remaining constant?

[Irons]

Got a puzzle for ya'.

Is someone who is consistently inconsistent incapable of changing or incapable of remaining constant?

I tend to call it BLB syndrome. Thats short for Brains Like Buckshot.

We have some idea where it's going, but it's going to get there scattered and in a hurry.

[lightcycler]

All you gold bugs will be extremely lucky if you see 50 to 1 again in your lifetime. Get 45 ounces of silver for your ounce while you can.

I'm not a gold or silver bug myself. Have both but a lot more silver than gold and will continue to load up on silver especially as the ratio tops 50 in the next few weeks. All charts have corrections.

[curmudgeonista]

I tend to call it BLB syndrome. Thats short for Brains Like Buckshot.

We have some idea where it's going, but it's going to get there scattered and in a hurry.

It was a trick question. The correct answer is "both"... but I like your take on it too. Hmmm... BLB syndrome... I'll use it.

[jake]

I'm not a gold or silver bug myself. Have both but a lot more silver than gold and will continue to load up on silver especially as the ratio tops 50 in the next few weeks. All charts have corrections.

Good call. I may stand corrected, but I still think silver will slingshot past gold (not in dollars) sometime before we see 50:1.

[anywoundedduck]

Good call. I may stand corrected, but I still think silver will slingshot past gold (not in dollars) sometime before we see 50:1.

Right on Jake. This just out today, from our favorite Bears (silver Bulls). Get your silver now while it is cheap.

[Irons]

46.3 and going up like a dead saint.~~

[lhslancers3270]

46.3 and going up like a dead saint.~~

Wait till they really crank Gold. RU giving up the good stuff on the break?

[Irons]

Wait till they really crank Gold. RU giving up the good stuff on the break?

I will just buy silver when it's weak. Gold is too hard to get even in fractional amounts.

Silver on the other hand even if it doesn't ever drop from $40 an oz getting 15 or 20 oz a month is easy enough.

[cpthnsolo]

46.2 and headed to 70:1

PLEASE, Please, please let this happen. At that ratio I will sell everything that is yellow (including my labrador) that I can find to buy silver. Why more silver bugs aren't praying for 70:1 like me is a bit strange. It really is a simple procedure... Buy silver when silver is weak and then sell/trade into gold when silver is on a run. Rinse, lather, repeat.

[namwalker]

I know that this is or should be a no brainer, but I'm confused.

When I was first learning about the GSR someone told me that according to the ratio you should Buy Gold when it increases and to Buy Silver when it decreases.

However, since the downgrade and debt talks the GSR has been increasing along with the POG with the POS declining. Since I have been following the GSR it would rise and fall with both basically moving in unison. Now the rules seem to be limbo.

Now a previous poster says that buying silver now seems to be a better value than gold even though the ratio is increasing.

I know that I am new to this game but I am still confused by the actions of last couple of weeks. Was the initial advice that I received on the GSR right or wrong? Or should we buy just what we can best afford? Which to me seems like extremely good counsel.

ps: I asked my initial question when I was trying to determine when it would be good to swap precious metals. Good to silver or silver to gold

[lhslancers3270]

I know that this is or should be a no brainer, but I'm confused.

When I was first learning about the GSR someone told me that according to the ratio you should Buy Gold when it increases and to Buy Silver when it decreases.

However, since the downgrade and debt talks the GSR has been increasing along with the POG with the POS declining. Since I have been following the GSR it would rise and fall with both basically moving in unison. Now the rules seem to be limbo.

Now a previous poster says that buying silver now seems to be a better value than gold even though the ratio is increasing.

I know that I am new to this game but I am still confused by the actions of last couple of weeks. Was the initial advice that I received on the GSR right or wrong? Or should we buy just what we can best afford? Which to me seems like extremely good counsel.

ps: I asked my initial question when I was trying to determine when it would be good to swap precious metals. Good to silver or silver to gold

You switch out of Silver when the ratio is low into Gold. As the number gets higher you switch out of Gold and into Silver. The idea is to increase your holdings of ounces not keeping track of the current Dollar price.

[Silver Buck]

This is why I allude to the "10" here as being like 1984> everything backwards.
I've posted over and over about my whole philosophy is simple supply/demand and used the e.g. pot analogy in college that whoever owned the pot could charge whatever they wanted and they usually got it.
Now SB says that gold is supply and demand and silver is not? Cuckoo, cuckoo as Jack Black said in shallow hal when everyone couldn't see how beautiful Gryneth Paltrow was.
I've posted link after link for 3 years now how the Indians, Chinese, et all could NOT afford gold so they would go to silver. They have.
What is going on NOW, are the institutionals going after gold.
Once the retail billions of people get in full flow buying, SILVER will show even Buck and the Orwellians here that supply/demand dictates a 16/1 and silver going parabolic.
Just read some of my hundred of links buck throughout the years instead of trying to blow smoke up our asses. We get that from Barry so we don't need the bull**** from you here.

No Joe, you still don't get it.

The demand for any commodity is not dependent upon its natural existence, it is dependent on investor desire and industrial need. As the world goes down the toilet, the industrial demand goes down thereby driving the price of Silver down. Another thing that determines price is the willingness and ability of a customer to purchase a commodity.

Sure, you own all of the pot and can dictate your price; however, if no one wants your pot or are willing or able to pay your price, you will be sitting on your pot.

So you see, Silver is a fickle filly and not to be fully trusted. Gold on the other hand effectively has no industrial demand and is purely investor driven. Sure, jewelry is made out of it, but that is merely converting the Gold, not consuming it.

Gold is the safe haven to store wealth. Being married to your 'expected' ratio will lead you to false hopes and dashed expectations.

Understanding the fundamental forces of supply and demand enables me to make clear headed and emotion free decisions.

Had I followed those decisions I made (trading out of Silver in stages as the GSR went below 40:1), I would be sitting in a much better metals position today.

Fortunately, I sold some Pd near the top and may use the FRNs to buy Silver later this week.

[ccjoe]

No Joe, you still don't get it.

The demand for any commodity is not dependent upon its natural existence, it is dependent on investor desire and industrial need. As the world goes down the toilet, the industrial demand goes down thereby driving the price of Silver down. Another thing that determines price is the willingness and ability of a customer to purchase a commodity.

Sure, you own all of the pot and can dictate your price; however, if no one wants your pot or are willing or able to pay your price, you will be sitting on your pot.

So you see, Silver is a fickle filly and not to be fully trusted. Gold on the other hand effectively has no industrial demand and is purely investor driven. Sure, jewelry is made out of it, but that is merely converting the Gold, not consuming it.

Gold is the safe haven to store wealth. Being married to your 'expected' ratio will lead you to false hopes and dashed expectations.

Understanding the fundamental forces of supply and demand enables me to make clear headed and emotion free decisions.

Had I followed those decisions I made (trading out of Silver in stages as the GSR went below 40:1), I would be sitting in a much better metals position today.

Fortunately, I sold some Pd near the top and may use the FRNs to buy Silver later this week.

I respectfully disagree with your well thought out post.
I changed all my gold to silver @ 70/1 and made a fortune (to me) because I did.
I have NOT made any gsr trades since.

[Silver Buck]

I respectfully disagree with your well thought out post.
I changed all my gold to silver @ 70/1 and made a fortune (to me) because I did.
I have NOT made any gsr trades since.

I wish I would have traded all of my Silver for Gold at 31:1. I would have started trading back in at 41:1 and would have done another trade at 46:1. I would then consider another final trade if it dropped to 41:1 and ride things out for a bit.

Now, I'm looking to either by back into Pd (should have this morning at $725) or into Silver if it drops to $36 or below (doesn't seem to be happening this week due to a recovering Dow). It looks like $37 may be the bottom.

[ccjoe]

PLEASE, Please, please let this happen. At that ratio I will sell everything that is yellow (including my labrador) that I can find to buy silver. Why more silver bugs aren't praying for 70:1 like me is a bit strange. It really is a simple procedure... Buy silver when silver is weak and then sell/trade into gold when silver is on a run. Rinse, lather, repeat.

To answer your question--Many of us sold the lab, took from every source possible @ 70/1 and are 100% into silver. Therefore we want silver to go to it's historical 16/1 and reap the rewards. No more mouthwashing with silver. The train has left for its indigenously much higher price.

[lightcycler]

To answer your question--Many of us sold the lab, took from every source possible @ 70/1 and are 100% into silver. Therefore we want silver to go to it's historical 16/1 and reap the rewards. No more mouthwashing with silver. The train has left for its indigenously much higher price.

As a chartist and elliot waver it looks obvious the the GSR move from 70 to 30 is impulsive. what is happening now is wave C of an ABC correction with A=C taking the GSR to 53. Then the downtrend resumes.

Now interpretation of waves is not perfect or else I would be a zillionaire but......what it looks like to me. So I believe the rewards will come.

[Fiat Metaler]

OK, just to be clear, i'm agnostic in this debate/pissing match.

about a year ago or less, the GSR broke long term support in silver's favor.

more recently, its been retracing, hard. very recently, GSR is rising sharply. however, the very recent move up seems to me to be due to the risk off trade.

to those who see GSR going to 70 rather than 10, what is the argument for something more permanent to the move rather than a simple retrace of the move the down?

I have been looking at the GSR for years and was shocked when it broke 50, then 38, and I can't beleive that is a fluke. Yet i don't know everything - tell me your reasoning please.

[Irons]

Updated chart. I start trading silver to Gold at 50:1 but others did very well waiting until under 40:1 so that's where I put the

green line this time. The chart is the GS ratio over the last 20 years. Use it as you wish!!~

[curmudgeonista]

...to those who see GSR going to 70 rather than 10, what is the argument for something more permanent to the move rather than a simple retrace of the move the down?

I don't think permanence has any part in the GSR equation. That's more the point of the whole issue.

A lot of the guys talking about trading gold for silver at 70 are gold bugs. The silver that would be acquired there is not their goal, just a play made to hopefully end up with more gold. I doubt many predicting 70/1 (or higher) have any expectation of it staying there for the long-run. Else they'd sit tight regardless.

You've got advocates of trading the GSR that maybe don't care if their stack is gold or silver, just as long as they can add oz's along the way. Again, these are folks who expect the GSR to be a moving target and see the opportunity that implies.

Then you've got a few guys who are so stuck on silver they refuse to believe in any eventuality other than an inevitable and lasting 16/1 ratio... so much so that they still tell you it was stupid to trade silver for gold at 30/1 even though 45/1 is staring them in the face here just a few months later. And, they have no gold to trade, which is one reason for nay-saying 70 so viciously. Guys like Joe want to try to fit expectations to their wishes instead of adjusting their strategy to true reality.

Now, I have a hard time seeing the GSR making 16/1. I think most folks intent on playing the vacillations would be out of silver long before that and the big-money/smart-money would likewise be long since directed elsewhere thus inhibiting it happening in the first place. But, I won't say it's impossible. What I absolutely 100% do not believe is that it would stay there for any length of time if it did make 16.

Bottom line, no permanence in the GSR, most particularly when spots are also in continual flux.

[Irons]

You've got advocates of trading the GSR that maybe don't care if their stack is gold or silver, just as long as they can add oz's along the way. Again, these are folks who expect the GSR to be a moving target and see the opportunity that implies..

That is the best description of true GSR trading I have ever seen. WTG Curm!~~

[andial]

Updated chart. I start trading silver to Gold at 50:1 but others did very well waiting until under 40:1 so that's where I put the

green line this time. The chart is the GS ratio over the last 20 years. Use it as you wish!!~

I love the chart though I think the bottom bar should be at 45. Even so you can see how 40 was violated recently with that brutal spike down. I say it foreshadows the future and is not a one off fluke. Serious.

GSR at 45.69 right now.