GSR heading for 1:70?

Discussion in 'General Precious Metals Discussion' started by VRS, Apr 22, 2013.

  1. VRS

    VRS Well-Known Member Silver Stacker

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    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
     
  2. Sargeant Argent

    Sargeant Argent New Member

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    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.
     
  3. VRS

    VRS Well-Known Member Silver Stacker

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    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...
     
  4. Sargeant Argent

    Sargeant Argent New Member

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    Hey at least im not holding out for 1-16 like some jokers on here! ;)
     
  5. Sargeant Argent

    Sargeant Argent New Member

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    Its not looking neary as ambitious now!
     

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