3309 Drysdale Ct
Edwardsville, IL 62025
Gold to silver ratio is about to turn around from lows of 32.
While the mean is around 50, either two things need to happen
1. Silver corrects another 20% from here
or
2. Gold goes up from here as it is now undervalued compared to Silver
I think gold will make its final run past 1600+ and this will be bullish for GDX too.
don't go in all at one.
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Buying GDX here
Posted by coold on 3rd of May 2011 at 03:32 pm
Gold to silver ratio is about to turn around from lows of 32.
While the mean is around 50, either two things need to happen
1. Silver corrects another 20% from here
or
2. Gold goes up from here as it is now undervalued compared to Silver
I think gold will make its final run past 1600+ and this will be bullish for GDX too.
If that is your idea...you might want to gradually make that position
Posted by zach06 on 3rd of May 2011 at 03:37 pm
don't go in all at one.