Realistically though, a GSR of 15 at $1438 USD gold means $95 US silver... we're aways from that yet. Even if Gaddafi got popped tomorrow and everyone in the Middle East held hands singing Kumbaya and gold fell to $1200 USD, it would still need silver to hit $80 USD. Now $45 USD silver isn't much of a stretch... if it can do it with gold holding steady, that's a GSR of 32... a nice round number for anyone holding kilo bars of silver eyeing off ounce bars of gold With much of my silver dating back to GSRs of 60+, even 70+, I would make that swap.
...its not the people.. its a few persons.. Let's not get too cocky. This is all happening very quickly and it's easy to get carried away. Wait for a correction and possibly a little slow up. We all know Ag will outperform Au this year.. and silver's volatility can be enticing (when it skyrockets UP quickly). When we start seeing extraordinary figures, there will be pretty big sell offs and will give us another chance to 'in'. Especially, for the newbies here who are keen to add to their stacks.
Coming soon: The price of silver and the GSR meet each other, flirt with each other, make love, never see each other again.
over in the states, i was worried about the early morning hangover from all that partying last night. looks like she's recharged her batteries.
don't worry. they're already talking about QE3. http://www.marketwatch.com/story/fed-flexibility-key-with-high-oil-lockhart-says-2011-03-07
Yeah...Silver was specifically mentioned on ABC news again tonight (as a foil to the big mover REE Lanthanum)...but Cohler mentioned it matter of factly like everyone knows what silver's been doing. As a counter to that though he showed the other metals dropping in response to the rising crude oil price...most of 'em down between 3-5% overnight on the LME.
