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Great Panther Silver Ltd Message Board

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  • quailrunrd quailrunrd Aug 9, 2011 4:29 PM Flag

    Look at gold go, I can't

    SS, if I'm not mistaken the silver/gold ratio fell to around 31 when silver recently bolted to $50/oz. At that time, many silver uberbulls were predicting the ratio might fall to 16 which used to be an historical average many years ago. Right now the ratio has climbed back up to 46.2.

    With silver disappearing into solar panels, etc....it would seem that the ratio should tighten up a little and hopefully without a drop in gold prices. In any event, many PM advisers predict silver will go above $50 by years end. I don't see anything to stop that from happening. Should be good news for GPL.....eventually.

    And of course, we have earnings report after the market close on Thursday.

 
GPL
0.43+0.01(+2.38%)Jul 2 4:00 PMEDT