Monday, February 14, 2011

Silver To Gold Ratio Breaks Out To New Highs - Gold Silver Ratio Breaking Down Again?

Silver has confirmed its bullish intentions in terms of gold as predicted in this post. Silver appears to have broken out in terms of gold once again today.  It must close above this level for several trading days and then rise further for this to be meaningful, but if this breakout is confirmed, look for silver to continue rising along with gold but only more rapidly.  If this whole thing turns around and the ratio fall back under the line in the very near term, all bets off.  Otherwise, look for silver to head higher and outperform gold in the process.