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
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
