UGL - Rare Gold Silver Ratio Cross Suggests Imminent Breakout In Silver
- Gold bugs know gold bottomed at $1,673 on March 8, but what has gone unnoticed is a key technical cross in the gold to silver ratio on the same day.
- On March 8, the 50WMA crossed below the 200WMA in the gold to silver ratio for only the 4th time in 31 years.
- Every time this has happened since 1993, silver went on a huge run. This next one could be the biggest of all since 1980.
- On a related note, priced in CRB commodity index terms, silver has actually outperformed gold since 2003.
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Rare Gold Silver Ratio Cross Suggests Imminent Breakout In Silver