Realigning after heading past 1:69 not so long ago - I think I timed all of that pretty well. Medium term I expect back towards 1:60 then when/if gold takes off back towards 1:64/5
I reckon silvers gonna out pace gold in the shirt term mainly because it took a much larger hit in the smackdown and it tends to follow gold but to higher extremes. I see it breaking 60 before oct im planning on trading at 51, 45,41. It would great to see the first trading point but i dont think ut will get that low unlesss silver takes a big run. Ive beeb right on ratios before with pt so this time im definately going with my gut.
Wow - those numbers - I'd like to share your optimism. I think that's a bit too ambitious - but you're right about the disproportionate smackdown effect - it's a classic 'overshoot', and with many of these patterns there's a good chance the rebound will be similarly fierce - and then subside - probably...