[e-gold-list] Silver is on the move again

[Paul Davis]

Although the dollar prices for silver and gold are useful for
determining whether you want to buy or sell using dollars, in
terms of the information they impart about the market, I believe
they tell you as much about the market's attitude about dollars
as they do about metals.

The index I follow with much more interest is the the ratio of
the price of silver to the price of gold.  This ignores the
market's attitude about dollars and focuses on how it is dealing
with the issues Ted Butler discusses in his oft-quoted-here
newsletters.

At the time the dollar price of gold was running over $700
(several months ago), silver rose to well over 2% of gold.  I
don't remember the exact high, but it was over 2.1%, I know that.
Then, when the dollar came up again vs the precious metals,
silver slid down below 2.0%, and that's where it has stayed --
until today.  Although things could of course change by the time
you read this, at this writing silver has been back over 2.0% for
most of the morning.

I'm a patient person, so it doesn't bother me that TB's
predictions of a huge silver price blowout haven't yet come to
pass, but when I see movement back over 2% I begin to wonder
whether this might finally be the beginning of the predicted
explosion bringing silver up to and beyond the price of gold.
Hope springs eternal!



---
You are currently subscribed to e-gold-list as: e-gold-list at kobly.com
To unsubscribe send a blank email to leave-e-gold-list-512001C at talk.e-gold.com

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.