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Aurcana Corporation Message Board

  • johnnyola_1 johnnyola_1 Oct 14, 2012 9:33 AM Flag

    silver to 57

    And there’s nothing like strong gold prices to get traders interested in aggressively buying silver to leverage gold’s gains. And if silver really starts regaining favor again in a big way, the SGR can certainly go a lot lower (silver gets more valuable relative to gold). In addition to the pre-panic horizontal trading range, there is also a strong SGR uptrend that came into play again in early 2011 as silver surged.

    The midpoint of this uptrend is now around 33 in SGR terms, silver worth so much that only 33 ounces are necessary to equal the price of an ounce of gold. And if gold merely enjoys an average seasonal rally between this past July and May, which is very conservative in light of the Fed’s new QE3 campaign, it will be near $1875 by spring. Plug a 33 SGR into this, and you get an impressive silver price near $57!

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0.075+0.002(+2.46%)Nov 27 11:46 AMEST