Intraday Market Thoughts
Archived IMT (2011.03.04)
by
Mar 4, 2011 17:56
The LATEST ON GOLD/SILVER RATIO CHART http://chart.ly/qbgpo8r The Gold/Silver Ratio has just hit $40, lowest since 1984 (if we used the closing prices). But if we used intra-month lows, then it is the lowest since 1997. As silver seeks to regain its 1980 high of $49, the Gold/Silver ratio will likely find the mid-teen levels reached in 1980. As long as the Fed sticks with its QE2 rhetoric, metals and commodities traders are more emboldened to play the metals trade via silver than gold (which is already at record highs).
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