Monday, December 19, 2011

Gold Silver Ratio, PM flat markets

The Gold Silver ratio is heading towards the top of the range and is currently at 55:1.  The RSI is on an upwards trend and the ratio is also trading above the 20 and 50 dma.  Silvers first trading day of this year closed at $30.67, if it does not rally higher than that within the next 2 weeks, it will be a negative return for 2011.  (And it got up to $49.82! in April).

On a positive note, here is an interview with David Morgan, he sees a potential $60 Silver and $2500 Gold for 2012:

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