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!
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!