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<p>[QUOTE=&quot;Rono, post: 1371539, member: 6492&quot;]Howdy all,</p><p><br /></p><p>I concur with Clint.&nbsp; The gold/silver ratio, while dissed by some, is still followed by enough that it matters.&nbsp;&nbsp; I&#039;ve been following it for years and while it&#039;s sitting at 51-1, it was up near 90 - 1 a few years back and historical ratios are between 20 and 15 -1.&nbsp; Geez, at peak in 1980, it was 17 - 1.&nbsp; It may never get back that low again, but I think a 50 - 1 ratio is much closer to equilibrium than not.</p><p><br /></p><p>Now, will gold and silver crash?&nbsp; I can&#039;t see either.&nbsp; Since 2001 and the start of this bull run, every time gold has corrected, it has been both less severe AND for a shorter duration, than everyone predicted including the charts and technical analysis.&nbsp; It&#039;s like there is some huge support out there that always steps in and starts buying when &#039;it goes on sale&#039;.&nbsp; I trace this to the breadth of the demand for gold (and in some of these cases silver as a poor man&#039;s gold) that we&#039;ve seen from all over the world.&nbsp; Cripes, you have the institutional investors adding gold to their portfolios to help dampen down the volatility of the market;&nbsp; you have momentum investors climbing on the trend;&nbsp; you have various sovereign CB&#039;s bolstering their national reserves and/or diversifying their treasury away from greenbacks [how many dollars do you want to hold as a trading partner before you want something else]; the chinese citizenry now being allowed to own gold, india, survivalists, individual investors wanting a store of value, or perhaps a security blanket, if you will.&nbsp; This is what I mean by breadth of demand and it continually serves as a floor below the POG.&nbsp; Silver is touted as exclusively an industrial metal reacting to the world economic situation.&nbsp;&nbsp; That&#039;s true.&nbsp; Ah, but to some, it&#039;s also a poor man&#039;s substitute for gold.&nbsp; And to others, it&#039;s a speculation type play.&nbsp; </p><p><br /></p><p>I could see silver going to 25 but not staying and not for long.&nbsp; And I really don&#039;t care what the POS does.&nbsp; I just bought a roll of ASEs for 718 but remember buying a roll (also from Paul Sims) for 90 (both prices include S&amp;H). </p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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