Gold/Silver Ratio

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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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Gold/Silver Ratio

posted on Nov 02, 2009 08:42PM

Thanks to the cartel and their feeble attempt to shake-off a silver frenzy, the gold/silver ratio has succumbed to a bit of a spike as shown in the first chart below. Note that silver was closer to $18 when gold last approached the $1070 level.

In the second chart below, we see that gold in euros is currently breaking through a key resistance area. Once this event occurs, gold in euros will be eyeing the all-time high, which will give gold an appearance of a key global currency. Gold in euros is presently 719E.