There is a strong correlation between the gold and silver price and a historical relation of about 40 ounces of silver to buy one ounce of gold...currnetly it takes about 49 onces of silver to buy one of gold so the price of silver is low right now or gold is high. At 40 to 1 silver to gold ,25 silver would only support 1000 gold...or the other way around 1350 gold supports a silver price of 33.75....my guess is that silver will go to 33+ before gold goes to 1000, ie. the primary uptrend is still intact..that being said the market can and does exhibit anamolies of all sorts and now is no exception...preseving capital and managing risk while seeking returns is the job we have as owners and managers of capital..if it was easy everybody would be on the same side of the same trade...but they aren't..and there are lots and lots of strategies in play in the markets...and it's not easy.Everybody is after everybody else's lunch.
glta
