Gold, DOW, AMEX and NASDAQ priced in SILVER ounces

[webmaster]

Subject:Gold, DOW, AMEX and NASDAQ priced in SILVER ounces
By: SilverStrategies.com

Overview: Developed over 3 years continuation Triangle pattern was decisively broke-down and confirmed as a resistance for Gold-Silver ratio - proof of higher Silver leverage over Gold.

Link: http://news.silverseek.com/SilverStr...1211868240.php

[JesterJay]

Can anyone HONESTLY tell me what the HELL this guy is talking about???
JesterJay

Originally Posted by webmaster

[Developed over 3 years continuation Triangle pattern was decisively broke-down and confirmed as a resistance for Gold-Silver ratio - proof of higher Silver leverage over Gold.

Link: http://news.silverseek.com/SilverStr...1211868240.php

[Drumblebum]

Originally Posted by JesterJay

Can anyone HONESTLY tell me what the HELL this guy is talking about???
JesterJay

Um...no. So sorry. I'm sort of new at this.

Seems to me it might be helpful to have a clue about it but I'm still trying to get a grip on the fundamentals and this is a bit advanced. I'm hoping that showing up late to class doesn't mean all this ends up a big failure because I made the wrong decisions due to ignorance.

All I know is the price was down today so I bought a roll of .90 dimes and a couple of 1923 peace dollars near spot. Weeeeee....

[silver1000]

Ignore the ratio for a moment and just think of it like a stock chart. The stock has been consolidating in a triangle pattern and recently broke out of that pattern to the down side. It then went back to test that breakout and successfully broke back down. What this means technically is that the stock is likely to head lower from here now that it has exhausted this pattern. Now what this means when you replace thinking of it as a stock with a ratio is that the ratio is headed lower. In this case of the gold:silver ratio it means that silver looks set to outperform gold as this ratio heads lower. So, silver will rise faster than gold, or at least fall slower.

My bet is that it will be rising faster

[JesterJay]

But it was a rhetorical question.
JesterJay

Originally Posted by silver1000

Ignore the ratio for a moment and just think of it like a stock chart. The stock has been consolidating in a triangle pattern and recently broke out of that pattern to the down side. It then went back to test that breakout and successfully broke back down. What this means technically is that the stock is likely to head lower from here now that it has exhausted this pattern. Now what this means when you replace thinking of it as a stock with a ratio is that the ratio is headed lower. In this case of the gold:silver ratio it means that silver looks set to outperform gold as this ratio heads lower. So, silver will rise faster than gold, or at least fall slower.

My bet is that it will be rising faster

[SilverWhore]

Originally Posted by JesterJay

But it was a rhetorical question.
JesterJay

Regardless, his explanation was very helpful for me anyway so thanks for "asking" =)

[JesterJay]

You are welcome and thanks to silver1000 for his explanation.
But I still don't want to hear any of the charts stuff.
With respect to the chartists,
JesterJay

Originally Posted by SilverWhore

Regardless, his explanation was very helpful for me anyway so thanks for "asking" =)