Loading ...Looked at the charts of GLD, SLV and some of the shares. Works of perfection, begging to be bought.
SLV is of course leading the move. If gold is to follow suit, we should see some big moves up next week. Same with the shares I looked at.
I guess it’s possible that we don’t get huge moves up in gold because silver is correcting the ratio and playing catch-up for years of underperformance. However, gold should still march higher regardless, if not with a huge move, with the 1-2% up moves we usually see. Going into year end with the stock market strong, I don’t see a whole lot of downside risk. They might play the usual games at the Fed meeting Dec. 11th, but the bulls should be in full control and new highs coming across the sector.
My opinion is worth the price of the next guy’s backside, but I’m still entitled to it.
BTW, GSR is now 75. Is it out of the question to think it gets to 50? If so, that’s a long way up for silver.