40 on the Mint Ratio
As gold nears $5000 oz and silver probes 99.50s/oz, I continue to use silver as a reference. The chart shows previous major silver rallies ran out of steam when the gold/silver ratio (known as the Mint Ratio) reached major lows, whether measured in classical charting (horizontal support) or momentum oscillators as shown in A, B, C and D below. If history repeats, then XAUUSD may not reach an intermediate peak until the gold/silver ratio touches at least 40. Could this translate into 500oz gold and 125oz silver or…
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