GOLD/SILVER ratio in the Subprime and COVID crises
I don't know how many of you speculate on the Gold/ Silver ratio but I do. And I have come across an interesting pattern in 2008 during the Subprime Mortgage Crises that may be repeated now during the COVID crisis.
As you see on the chart, the LMACD is the key indicator on it, and it has topped at 0.069. At the same time the price action is very similar with 2008 as the March spike got sold aggressively and is declining towards the 1M MA20 and MA50. A break below may lead to a 2008-like -60% drop in total.
Do you think a potential upcoming global recession can repeat this pattern?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
As you see on the chart, the LMACD is the key indicator on it, and it has topped at 0.069. At the same time the price action is very similar with 2008 as the March spike got sold aggressively and is declining towards the 1M MA20 and MA50. A break below may lead to a 2008-like -60% drop in total.
Do you think a potential upcoming global recession can repeat this pattern?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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