Tsafi

[popeyej]

The metals are only doing what they have done in the past, taking a breather after a four to six week run-up. So far we have only had one bad week. Here are the closing prices for the past eight weeks weeks.
1-16-09---Gold $842.40---silver $11.22
1-23-09---Gold $898.30---silver $11.93
1-30-09---Gold $927.10---silver $12.67
2-6-09----Gold $911.40---silver $13.13
2-13-09---Gold $941.60---silver $13.67
2-20-09---Gold $993.20---silver $14.41
2-27-09---Gold $939.60---silver $13.11
3-6-09----Gold $938.40---silver $13.33

You will notice that during this time gold has gone down three times while silver has gone down only once. I have been an advocate of silver because it has always gone up faster in a bull market than gold on a percentage basis. During this time period the gold/silver ratio has gone from 75.08 to 70.40.

I believe that we will see a fairly flat price action this week and then a slow increase in prices for the next four to six weeks.