Argento / DollaroShort
Buy Silver not Gold
Both gold and silver are way oversold at the moment compared to US$ and likely to go up (depspite what mainstream will lead you to believe). So I'm not saying gold will be a bad investment.. However this chart just looks at relative merit of gold verus silver.
As the line moves up that shows gold getting more expensive compared to silver. We can see that we are near the top of the range. While Silver could still show more weakness in very short term it looks very likely there may be some big moves up in value ahead for silver. Note several times in past silver has suddenly gained value very rapidly. I am expecting this to happen again at some point. Therefore at the moment I'd say buy silver not gold. (Physical metal of course, not shares in an ETF)
If you feel like doing a ratio swap of silver back to gold I'd be looking at possible target of 27 to 28 in a few years time.
As the line moves up that shows gold getting more expensive compared to silver. We can see that we are near the top of the range. While Silver could still show more weakness in very short term it looks very likely there may be some big moves up in value ahead for silver. Note several times in past silver has suddenly gained value very rapidly. I am expecting this to happen again at some point. Therefore at the moment I'd say buy silver not gold. (Physical metal of course, not shares in an ETF)
If you feel like doing a ratio swap of silver back to gold I'd be looking at possible target of 27 to 28 in a few years time.
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