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Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 Jan 3, 2008 4:01 PM Flag

    Gold / silver ratio broke down today - Yeah!

    The gold/silver ratio has been consolidating upward for the last 3-6 months. What does this mean?

    It means golds price was going up a bit faster than the price of silver over this time. This was counter to the last 5 or 6 years. But, today, this AU/AG chart broke down under 56.2. Check a 3 month chart to see.

    What does it mean? It means that silver's price % gain should really start to outpace gold again. Yeah!

    Good trading
    Chemaes

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    • What is considered the normal ratio? About 50? So this looke like silver will catch up with gold - by moving higher faster from here on?

      I tend to agree. Silver has a lot of upside.
      It is a precious metal and an industrial metal. it has been consumed in the past years and supplies have not been replaced. So, I said if SLW goes down from here, I'll buy more!

 
SLW
24.85+0.33(+1.35%)Aug 28 4:03 PMEDT

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