He’s right. The G/S ratio was 120/1 last year. It’s down to 48/1
The crash in the gold-silver ratio is developing as I expected. Any normal person would expect a bounce here. But I am not a normal person. I believe that we will fall another 60% towards 20. And from there the crash will start to soften and will end sub 10. Silver will reflect this with a sudden jump from $100 to $200 in a few weeks and will then continue higher over time. You are still not bullish enough.
SIMPLE EXPLANATION ON YESTERDAY'S GOLD/SILVER "CRASH"
As I have been saying, the western central banks are FUBARRED. They have been shorting SILVER & GOLD for years and the repo man came a calling...
But he came calling with tricks of the trade all to help bail out the banks......AGAIN.....
The "crash" was not the market saying they wanted to cash in on silver and gold. If that were true, Asian physical prices would not be $40/oz higher than the paper prints in the U.S.
The margin calls and Western banks forcing price suppression are all totally engineered...
EVEN THE CME was complicit. They dropped the circuit breaker designed to stop trading when the market moves 10% in either direction in one day. (And for convenience they claimed they fixed the circuit breaker this morning when they don't trade on wkds --> LOL)
This violent downdraft gave the banks room to buy back in and close exposure. Cheap metals on paper, real metal still tight and physical very scarce. Check March deliveries on Comex because the HAVE NOTHING in the vaults to deliver----again look to Asian pricing.... (The fix is already in - Comex will financially settle contracts instead of delivering the physical silver)
Don't confuse paper pricing with physical pricing...THEY ARE NOT THE SAME.