RE: There she blows!16 Oct 2025 22:45
Gold up 137dollars today and 54dollars silver. Gold now 4326 atm. its hard to call gold atm as in last 2 months its up over 1,000s. if gold was to rise at 50 dollars per day from now to Christmas it would be aprrox 7,000 to 8,000 per ounce. Also a 45 year trend line has been broken for the gold to dow ratio of now 10.9.
Gold in past has reached a ratio of 1/1 on three occasions in past. 1930s 1968 and 1980. If that were to happen then gold could be anything from 20,000 to 46,000 or more. Im not saying this will happen but if the stock market falls and dow goes down the govt would support it as much as possible, eg print more money.
Things can react quickly in the stock market on shares or gold. The support for gold is around 3300 1st support 2900 2nd support. Its anyone guess where gold is going atm. Only thing i can say is nothing goes up in a straight line forever and a pull back in a stock or gold is healthy.
Silver is up 4% today at 54dollars it could have a big pull back to 35dollars or it could run to 96dollars there are a few who think silver will run between 200 to 400dollars per ounce but it would be good to have a healthy pull back before racing onto 96dolars. its strange as lots of silver companies are not showing the reaction of this silver price increase move and are same price as they were when silver was around 30 dollars. if silver had a big pull back I would load up on these silver companies.
Just my thoughts do your own research.