Emerging producer of Gold and Silver in Mexico

Property hosts Inferred mineral resources of 225,750 tonnes of tailings with a grade of 2.0 g/t gold and 220 g/t of silver.

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Message: Barclays Technicians Look For Gold/Silver Ratio To Target 1998 Low of 41.90

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Barclays Technicians Look For Gold/Silver Ratio To Target 1998 Low of 41.90

posted on Feb 09, 11 05:27PM (Log in to use the IP Check tool) ^[?]

(Kitco News) -- Technical-chart analysts with Barclays Capital look for the gold/silver "mint" ratio to target the 1998 low of 41.90. The ratio measures the amount of silver needed to buy one ounce of gold and is a gauge of the performances of the two metals against one another. The ratio is falling again, Barclays says. As of late Tuesday, silver was up 14% from its January lows, while gold was up 5%. Early Wednesday, with spot gold at $1,366 and silver at $30.52, the ratio stood at 44.76.

By Allen Sykora

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