Monday, March 7, 2016

Thoughts on Gold & Silver Price Action

Both gold and silver have had a nice run of late despite a strong dollar.  Last I looked gold is at $1268.50 and silver at $15.70.

Gold is relatively stronger than silver, but both are strong.

Silver is generally the more volatile price wise so either gold is due to catch down to silver or silver is due to catch up to gold.

Meanwhile the Gold to Silver Ratio remains above 80 at 80.8.

Historically this is the time to swap your gold for silver as the ratio rarely climbs over 80.

If you are playing the numbers, this makes sense.  Me, I don't trust the numbers anymore and would only make the swap of silver for gold.  I'd never swap gold for silver.