With silver falling below the $14 round number support level today, the gold/silver ratio spiked to a new high per kitco.com. The ratio went to roughly 85:1 (85 ounces of silver for 1 ounce of gold) for the first time since September, 1993. I guess a bullish person could argue that both pullbacks occurred in September, so this could be the time for a rebound (from a seasonality standpoint).
But I am grasping for straws when I say that. It would be SOOOO NICE to have about $10 million in extra cash right now. I'd be stepping up big time with plenty in reserve to step up again and again if I had to.
Gold/Silver Ratio Spikes to New Multi-Year High
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Gold/Silver Ratio Spikes to New Multi-Year High
by Recyclersteve » Tue Sep 11, 2018 9:14 pm
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
- Recyclersteve
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