By Peter Krauth, Resource Investor:
Speculators hate silver…
For the past year, the positive silver headlines have been few and far between.
Ever since the poor man’s gold peaked near $50 in April of last year, it’s become a despised metal.
Admittedly, it’s been languishing near $27 since early May not far from where it was for the first time – in this bull market – back in late 2010.
But as I’ll show you, right now a number of technical, seasonal, and sentiment indicators are pointing upwards for this volatile metal.
This could well be the critical turning point silver investors have been waiting for. One of these indicators is the resilient price of gold.
Let me explain.
The Silver/Gold Ratio
Silver has always pretty much been gold’s lapdog and on a relatively short leash at that.
As a rule, silver prices usually follow the direction of gold. But as long time silver investors recognize, the moves are amplified both on the downside and the upside.
Hey SGT,
Ive been reading this guy for quite awhile, and he is a no nonsense kinda guy. I think this community might like him.
http://www.coloradogold.com/archive/Patty_Myers_is_Disgusted-1183.html
When silver goes past $35…which is coming this month…I’ll ease off of the silver buying, and put my cash toward more food, and also I’m thinking about buying some land in the country for growing food.
Smart maneuverings require no explanation.
Too bad more people don’t think like a tactician. There’s an ocean of non-believers….primed for the financial slaughter on the horizon. If the storm arrives…they will regret their non-preparedness.