May 4, 2009 – The gold/silver ratio continues to hang on a precipice.
I have written in the last two letters about the importance of the 68-69 area. So far the ratio has not broken below this key support level. I think it will. It just requires more time – more patience for it to happen. When the ratio does breakdown, it will signal that silver is outperforming gold, which is an event that is bullish for both precious metals and will signal that higher prices are coming for both gold and silver.
My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.
