Gold price overlay on Au/Ag ratio - 3 year outlook
The Au/Ag ratio is an important metric for gold investors.
$723: Gold price week ending 2008 - 10 - 13.
$1883: Gold price week ending 2011 - 04 -18.
That's 260% gain within 3 years.
A correction of the same magnitude in the gold/silver ratio would equate to a potential gold price of $2750, based on the DEC 2016 low ($1060).
Nothing is for certain, but a price above the previous high and in the $2000 range, appears possible.
$723: Gold price week ending 2008 - 10 - 13.
$1883: Gold price week ending 2011 - 04 -18.
That's 260% gain within 3 years.
A correction of the same magnitude in the gold/silver ratio would equate to a potential gold price of $2750, based on the DEC 2016 low ($1060).
Nothing is for certain, but a price above the previous high and in the $2000 range, appears possible.