Bosphorus_Capital
Long

Sell Silver, Buy Gold Pair Trade (Long XAUUSD/XAGUSD)

The current upwards correction in gold             (see linked view below) I think can be pair-traded by buying gold             and selling silver             to hedge.

Gold/Silver ratio             is moving very nicely and impulsively up towards A=C target of 79 which implies a silver             price of 15.7 vs. current gold             price of 1239.

Silver             seems at least 10% rich now.

If gold             does indeed go to 900 after reversing from 1270/1320 area as expected that implies a silver             price of at least 11.25
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