zackman57
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Unigold fund
Monday, January 03, 2011;
Gold Price Gained Only $1.50, Was it a Good Idea to Prefer Silver to Gold Over the Last Year?
Gold Price Close Today : 1422.60
Change : 1.50 or 0.1%
The SILVER PRICE managed to close above 3100c for the first time in this bull market. Added 18.6c to close 3109.6c on Comex. The GOLD PRICE stalled at Friday's ending prices, gaining only $1.50 to $1,422.60. I liken this to wading through the deep mud in the lake as you walk up the shore out of the water. Once gold breaches $1425 'twill pick up speed. Silver's meeting resistance at 3100c, but hasn't given up yet. The five day chart shows a clear 5-wave up move from last Thursday and a three wave correction from today's high in the forenoon. Ditto Gold, but not as clear. I expect tomorrow to see higher prices, maybe even JUMPING higher.
The GOLD/SILVER RATIO today hit 45.6. We are still swapping silver for gold, and now the ratio has dropped a bit more and we've found someone to buy large amounts of US 90% silver coin so that we can do the swaps a little closer to the spot ratio than the earlier ones. I have been pouring over past price action on earlier swaps, and that leads me to believe all the more strongly that a price peak, which coincides with a ratio low, does not lie far in the future.
Remember one of the characteristics of the ratio is that once it hits its low, it VERY rapidly rises. That reflects silver's volatility and the speed of its collapse after a peak. That collapse occurs over a fairly uniform time, then hits a low, which coincides with the ratio high. That's when we swap gold back into silver.


Monday, January 03, 2011;
Gold Price Gained Only $1.50, Was it a Good Idea to Prefer Silver to Gold Over the Last Year?
Gold Price Close Today : 1422.60
Change : 1.50 or 0.1%
The SILVER PRICE managed to close above 3100c for the first time in this bull market. Added 18.6c to close 3109.6c on Comex. The GOLD PRICE stalled at Friday's ending prices, gaining only $1.50 to $1,422.60. I liken this to wading through the deep mud in the lake as you walk up the shore out of the water. Once gold breaches $1425 'twill pick up speed. Silver's meeting resistance at 3100c, but hasn't given up yet. The five day chart shows a clear 5-wave up move from last Thursday and a three wave correction from today's high in the forenoon. Ditto Gold, but not as clear. I expect tomorrow to see higher prices, maybe even JUMPING higher.
The GOLD/SILVER RATIO today hit 45.6. We are still swapping silver for gold, and now the ratio has dropped a bit more and we've found someone to buy large amounts of US 90% silver coin so that we can do the swaps a little closer to the spot ratio than the earlier ones. I have been pouring over past price action on earlier swaps, and that leads me to believe all the more strongly that a price peak, which coincides with a ratio low, does not lie far in the future.
Remember one of the characteristics of the ratio is that once it hits its low, it VERY rapidly rises. That reflects silver's volatility and the speed of its collapse after a peak. That collapse occurs over a fairly uniform time, then hits a low, which coincides with the ratio high. That's when we swap gold back into silver.