BobbySpa

GLD/SLV Ratio - still normalizing!

GLD/SLV  
GLD/SLV  
This ratio has dropped from 12.5 to 8.02. I still some potential for this to fall to the 7.56 level or so which would have SLV still outperforming GLD in the near term. Indicators looking like they are ready to turn. Watching this closely.
Comment: This is at 7.89 after hours
Comment: 7.84
Comment: 7.74. That 7.56 level coming on pretty quick.

Comments

I'm also amazed at how much room to the upside silver can go when compared to 2011. Gold has breached that high, Silver not yet.
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BobbySpa stealthy1234
@stealthy1234, yes but we are likely getting close to a short term top in both
+1 Reply
@BobbySpa, short term, yes. However as a play till the elections, this looks like a solid play.
Reply
BobbySpa stealthy1234
@stealthy1234, agreed
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