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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Silver versus Gold

Silver versus Gold

posted on Jan 22, 2009 07:37AM

Silver's price at $11.43 up $0.12, versus Gold's at $855.50 up $2.30, continues to improve. The daily gold to silver ratio chart($GOLD:$SILVER) is available for viewing at stockcharts.com. It is clearly indicating by the position of its last price of 74.91, under a 50 day moving average at 78.40, that silver's time is arriving to outperform gold. Usually this happens when gold's price is telegraphing ahead of time significant strength to follow of its own.

Today is marking the fourth day in a row that the ratio price is completely under the 50 day average and that the growing probability of lower prices on the chart are in the mix. These lower prices on the ratio chart should propel silver much higher along with gold but silver on a percentage basis should out shine gold as they both move higher.

Go silver!

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