PDA

View Full Version : Silver going to a bearish trend?



mrnt1984
2nd February 2010, 12:01
Gold is up over 1 percent and silver is about even? Also the gold to silver ratio is up to 66 compared to 60 a few weeks ago?

of one mine
2nd February 2010, 12:43
where do you think its headed this month? up or down?
As of last night I thought it would be headed up also some think it should be headed up modestly. 17+ Extreme speculation is 20+
of one mine

Sakata
2nd February 2010, 12:46
It is going up. Does it matter when, unless you are a short-term trader?

Mighty Moose
2nd February 2010, 14:13
Gold is up over 1 percent and silver is about even? Also the gold to silver ratio is up to 66 compared to 60 a few weeks ago?

Actually, since this sell off, the G/S ratio has just barely been able to brake 67 three times, including today.

Don't worry about silver being bearish as opposed to gold, as it usually lags behind when gold rises in price. I think traders want to be sure that a positive trend has been established by gold, first, before getting on the crazy, bucking, silver bronco.

If gold is able to get through this second day over $1100, I'm buying silver before it gets away, as its literally starting to move up as I type this. I might move early, as gold does not appear like it's going to finish on the day below $1100.