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Message: Just a Guess - pic

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bigpic4ever

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Re: Better than a guess - Coach

in response to Re: Just a Guess - silver/Hobbers by coach247

posted on Nov 06, 09 12:46PM

Ask and ye shall recieve....thanks Coach. ECU's churning through of the $.85-1.20 zone will likely define that production/exploration/silver price interaction you eluded to.

I read the Lorimer Wilson [the warrants guy] article "Current Gold:Silver Ratio Screams", and he sees silver undervalued compared to gold by 10-50-%. I personally don't hang my hat on the gold/silver RATIO chart/technicals as you have just explained a situation that has unique footprints.

He also shocked me when he wrote that the silver is only 2% that of the gold market....say what?....2% of gold market size, with 3-4 big silver trading entities controlling the market! Heck, no wonder silver flies all over the place....talk about crowded entrance and exit doors when the party begins or ends!

Perhaps this month is the end to this ridiculous silver/gold slide since March 2008. Silver reached $21.20 as gold reached $1030. Today we saw $1095 [up $65] gold and $17.35 silver, DOWN about $3.85.

It definitely has the feel of extreme sentiment and ratio....time to turn this baby around.....pic

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