thomasq actually its a chart play. The chart has been indicating a drop to 1650 with a possible to 1640 on gold and 29 on silver.
This drop today could be the bottom. If we don't close back over 1650 in the next 2 days and break below todays low 1634.30 we have more down side to 1575 area. HUI then 400 area.
But once we beging the climb back it will be years if ever before 1650 is seen again.
At this time the gold siver ration is 55.38 to 1, Last week it was 52 to 1. Just call a local dealer and see how much over spot they want and how long you will wait to get the silver. Lucky if you can get under $1.50 over spot. Any shiny new will be $2 over Silver is tight. The big guys need this drop to get weak hands to sell.
When gold and silver last peaked in the late 70 early 80's the ratio was 16 to 1 it did hit 15 to 1 on one day. Last year we had alot of 42 & 43 to 1 days. The ratio is deep in favor of silver. At todays market a 16 to1 makes silver 102 not 29.70 Will it get there. Yes but gold will be much higher. I look for a ratio of 25 to 1 in 3 years. If gold at 3000 silver 120 JMO
News 
Market Data 
Discover 
