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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (271)1/20/2003 10:16:06 AM
From: orkrious  Read Replies (1) | Respond to of 1210
 
silver needs to catch up and break above $500


$5.00, correct?



To: Jim Willie CB who wrote (271)1/20/2003 6:44:54 PM
From: Wharf Rat  Read Replies (1) | Respond to of 1210
 
Silver is actually slipping relative to gold. Last year, when the jackass was just starting, the POG/POS was about 64; last week, it was 73.
At some point, the ratio will trend back towards the "norm", which is like 16; probably overshoot it, even, just because that's the way corrections usually work. Now either Au is going to have to head south about $150, or Ag is going to have rise to about $22 at the current POG.

Rat


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