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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
I would check your gold data, don't think it went there.
"..UBS precious metals analyst Edel
Tully says the gold:silver ratio "appears to have found a base around 40
for now" and notes that that level "has been tested and held several
times since May". Tully says funds that gravitated towards silver
earlier in 2011 "are likely to head back into gold in H2 and we look for
the gold:silver ratio to move higher." Unless there is more marked
participation by Chinese and other global investors in silver, "another
atempt at $50 is unlikely and the gold:silver ratio should remain
supported at 40," she says.."