I think it looks like head and shoulders.
readI got 2 answers in the comments – thank you both for participating. El Guapo said $425, and llman – $325. llman, you’re a pessimist!
readI had some silver laying around and thought I’d do something with it. So I split everything into piles and took it to the refinery
readGold is less volatile. Because silver is such a thin market (?) Click to enlarge
readI’m holding all of my SLW. It’s in a tax-free account, which means that while my profits don’t get taxed, I don’t get to write
readPutting on my rose-colored glasses. It’s been better, but it’s also been way way worse, relative to silver. A note for my subscribers/frequent readers: I
readSomewhat cynical, but pretty sure I’m not unique with this line of thinking: The level of destruction in Japan can be compared to after-war conditions.
readHere’s a 3-year daily chart showing that even when the U.S. dollar went up temporarily, the gold kept creeping higher. It’s in a bull market,
readIf Wikipedia is to be believed, then “The average gold/silver ratio during the 20th century was 1:47″. As of today Gold spot $1,432 : Silver
readI feel like doing some math today: Silver Wheaton should have 40,000,000 ounces of silver to sell in 2013 Their cost is $5/oz With spot
readThe price of gold over the past 8.5 years, compared to the first 8.5 years of the Nasdaq and housing bubbles.
readQ. What is the average cost of mining per ounce? A. The average cost of replacing and producing an ounce of gold rose to $428/oz
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