Looking at the ultimate major high in 2032, we
would expect gold to reach a minimum of $132.
Our extreme upper band of resistance at that
point in the future projects out to be $182, just
above the psychological level of $231. If gold hir
$11,000 and silver $231, the Ration would be 47:1
whereas the major support lies at 45:1. The Rato
peaked in 2020 at 126.57:1. We see a Directional Change in 2027 and a turning
point in 2028. The Ratio tends to rise during war since even base metals have more
of a utility value, such as nickel. That is why they replaced the 5-cent nickel with
virtually pure silver during World War II. The major support on the Ratio in 2032 lies
at $29-27. Resistance will stand at 70:1. The closing of 2025 did elect two Yearly
Bearish Reversal also suggesting that resistance should also form at the 66-72 level.
An annual closing ABOVE 72:1 will warn that despite the shortages that are touted,
silver will still decline against gold, most likely thanks to geopolitics.