Gold - Silver Ratio
The GSR is once again approaching the multi-decade ATH around 86-87. The next few days & weeks will be interesting to watch and see what happens. The fact we are at these nosebleed levels is a function of leverage on the COMEX and IMHO are clearly unsustainable. We are already seeing crazy moves in Palladium and Rhodium, I think this is just foreshadowing of what is to come long term in the much larger Gold and Silver markets. If we don't break out higher soon, I think we are in for a breakdown below 80 by mid-summer. But silver has been held below $20 for far longer than I would have imagined 5 or 6 years ago, so what do I know? Apparently not much.
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