Precious Metals Weekly Analysis - Week 1 - 7 Jan 2011

I'm no longer going to do Pay Day Price analysis.  The prices just seem to move too fast and there's so much information I want to share, that I think I'd rather do it on a weekly basis.

Maybe I'll do "Pay Day Precious Metal Porn" posts instead, but we'll see.

Charts below:





Starting with Platinum, the Platinum:Gold Ratio is a 0.868.  From my last post, the average platinum:gold ratio is between 1.6-2.2, so I believe platinum right now is a better value than gold... if you can find any, but there is still a long way down to go.

Gold is next, the trend from the start of 2011 that I was looking at last report was broken, and it looks like the next uptrend is from the start of the global financial crisis.

Silver is quite a bit more interesting.  I think there should be an interesting next few weeks.  I don't think you can go wrong buying at these prices, but I personally am holding out to see if it breaks down to $25-$26.

The Gold to Silver Ratio broke through the downtrend from last week and I just have a gut feeling it could be heading up to the 70-80 level.  I'm holding out until it gets to 62 until I consider swapping gold for silver.

Conclusion

Steady as she goes.

My personal "buy" prices: (EDIT - Should have read - "Must Buy")

Platinum -  $1310
Gold - $1545
Silver - $26.81

Gold to silver: 61.69
Silver to gold: Not on the radar
Platinum to gold: Not on the radar

Until next week, good luck all!