Analyzing the silver/gold ratio, which has recently leveled off after falling since early December, Przemyslaw Radomski concludes that “The bullish situation in the gold market combined with the situation in the silver to gold ratio chart indicates a bullish outlook for the white metal. Another noteworthy factor is the oversold situation in the silver to gold ratio and silver having just bottomed close to its cyclical turning point. The long-term outlook is a bit more bullish than not, and our view is that long positions in silver are justified at this time.”
This entry was posted on Saturday, January 12th, 2013 at 8:17 pm and is filed under Gold, Short Sellers, Silver. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.