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Silver Chartist: Exclusive Steve Penny Interview – Mastering the 4th Turning for Maximum Profits

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The Gold Silver Ratio and the Futures Market

The gold silver ratio last check was about eighty to one which is historically skewed meaning silver is historically undervalued relative to gold. If we just return to a 15 to one ratio that would mean silver would outperform gold by a factor of around five from current levels by the end of this bull market and I think that's very likely to happen. Silver miners do hedge there's a few that that do it much so you know much less aggressively put it that way first majestic silver in the past when the price has been let's call artificially suppressed not to go down that rabbit hole but they're they'll actually hold back production and they'll hold on to their physical and wait for higher prices to sell

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