Saturday, 25 February 2012

Precious Metals Weekly Analysis - Week 8 - 24 Feb 2012

Big moves this week... let's just go right into the charts



Gold


Silver


Gold to Silver Ratio



Now the opposite could happen too.  If there's a reversal in the GSR ratio and a crash in silver prices, we could see a GSR of 40, 50, 60, or 70 in that time frame.  I'm going to say, gut feeling, that a GSR of 50 is as likely as a GSR of 30 in that same time frame, so for the times I mentioned, it's just as likely silver could be $33 or lower as it could be $55 or higher. 

Platinum


Conclusion

I'm recovering from a cold, so I don't have much else to say.  Exciting time to be in the metals, I think.  Now that we're seeing rallies though, I wish there would be a huge crash.  Once the 2011 RRSP limit is over, I WILL cash out more RRSP's in the hopes I can get more cheap silver...

On another note, I'm seriously thinking about moving the blog to wordpress.  I don't trust google, and with the Gestapo internet surveillance bill Vic Toews is pushing for, it's starting to feel even less safe to post anything on the Internet.  Damn neo-cons...

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