I apologize to TORO for introducing the precious metal subject, but i think this has to be discussed as investors look to make some money on the bear market.
part 2. gold/silver ratios historically has been 46-1. If CLH is right and gold trades at $500ozAu/$10ozSL, then the ratio will go back to historic ratios. But since we say the $750ozAu bounce up almost $100 in one day, silver looks to me that its time is overdue. Again, Toro, thanks, thats all.
CLH, GIVE AWAY PRICES? with the way this market is behaving your guess is as good as mine. Today we had ourselves 1,000 points, on friday we had another 1,000 point swing. Is this confirmation? no, usually bottoms are formed when the lazy portfolios start throwing the towel, that has not happened yet. Will they use this bounce to exit? we will see. Now, back to the SLV. It is strange, GOLD-silver historicall ratios have been much lower than the 80-1 we are seeing. Silver is being punished by industrial demand but once inflation starts to pump again will it be treated as a precious metal and come back to "normal ratios" ? Silver is the metal with the most upside as an asset from a deflation phase into a depresion phase economy ? I think so.
i have to congratulat e you colleague, you have been sharp so far. I wish you could say something on the precious metals bull run to come. I see SLV prices trading below physical value and 65 day mov avg. With todays pull it is extremely oversold. That word will be more common when the dow hits 7500 and bounces 1000 points in one day.
By Any Definition, a Crash [View article]
part 2. gold/silver ratios historically has been 46-1. If CLH is right and gold trades at $500ozAu/$10ozSL, then the ratio will go back to historic ratios. But since we say the $750ozAu bounce up almost $100 in one day, silver looks to me that its time is overdue. Again, Toro, thanks, thats all.
By Any Definition, a Crash [View article]
By Any Definition, a Crash [View article]