Gold/Silver Ratio Spikes to New Multi-Year High
Posted: Tue Sep 11, 2018 9:14 pmWith 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.
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.