Relatively strong upward movement for Gold and Silver but still no real excitement , some market observers start to question the 1980 gold price high. The Great Global Gold Bull Market and Silver Bull Market are eccelerating and the signs of Third (years major)Elliot wave are clear. The Gold Silver ratio (XAU / XAG) = ~ 4.58, Dow Jones Gold ratio ( Dow / Gold = ~ 18.00, Gold / Crude Oil = ~8.53.
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4 comments:
"some market observers start to question the 1980 gold price high"
Can you please cite a reference for this?
http://www.busrep.co.za/index.php?fArticleId=3202354&fSectionId=612&fSetId=662
http://www.kitco.com/ind/balarie/apr132006.html
http://www.nymex.com/press_releas.aspx?id=pr20060412a
Ah, you meant they're starting to question the high as an upper limit. Not as in: question that it'll reach ever reach it.
On another note, could you post your thoughts on the COMEX commercial silver shorts and how that might affect silver's price ?
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RickJ
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