...make that up .$45 to $UD spot $14.85.
I feel that silver could reach $30 here and fail initially as gold/silver exerts [gold takes back the lead over silver]. This could happen with both falling, both rising, or gold rising while silver falls. The gold/silver ratio is hitting support bottom of its support channel. Gold is down $2 tonight as silver is up $.45...capitulation of G/S Ratio on a intermediate term basis?
Of course, if silver is breaking out because of COMEX failures, then all bets are off and silver could surge to $32-36 here and now into January.
The capital gains issue with PM stocks is worth noting as well. There will surely be December selling if it is anticipated that capital gains tax rate is going up in 2011....what think ye?
Last week was my personal best week EVER...From Monday low to week's close , ECU 1.09-1.20, GPR 1.85-2.50, EXN .85-1.00, SFMI .155-.195.......bla, bla, bla...also OK , TRE, NSU , gold, silver, VGPMX ...all up nicely.
ECU is obviously STILL nor entirely free of skackles as displayed by Friday's action, but it is omly a matter of time and it will fly. The reason for having 4-6 researched PM stocks is to boost the odds for overall growth.
It is rare for all cylinders to fire green at the same time....pic
