Tuesday, March 01, 2011
The GOLD/SILVER RATIO might give us some guidance. A 40:1 ratio and a 3950c silver high takes gold to $1,580 -- plausible. Gold at $1,500 with a 40:1 ratio yields silver at 3750c, and yes, there is also an ancient jiggle peak there, too. (By "jiggle" I mean a short interruption of an otherwise vertical rise.)
....Over the course of this bull market silver has usually topped in February, March, or May. If this rally runs into May, well, I have no idea what it might reach. I warn y'all, however, to view this soberly. Everybody loves a Fun Run, but nobody likes the clean-up, and when this rally ends there will be one huge mess to clean up. Silver will take a big hit, and so will gold, and the market will be slow and disappointing for months afterward.
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