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<p>[QUOTE=&quot;desertgem, post: 1481369, member: 15199&quot;]Hi Mike!</p><p><br /></p><p>Sure, playing the Euro short would be easier, but probably unpopular suggestion on this forum. I have used EUO, the double short ETF for the ratio, but if one wanted to do that, it of course produces higher gain or higher <b>losses</b>, because of the leverage, but one could be in and out very quickly. I would be more likely to use SLV or GLD options ( and have in the past) if I was playing the short term PM market.</p><p><br /></p><p>Although I did say &quot;lately&quot; in my comment, if we look at the Euro low from 2008 to current, it was 1.187 in May 2009, silver was at 12.33 or so ( down from&nbsp; 21 in first quarter 2007 and had been as low as 8.40 in 4th quarter 2007), the high for the Euro was 1.51 in April 2008, and silver was at 19, still below the 2007 high but climbing, and then in 2nd quarter 2010, the Euro was 1.47 peak,&nbsp; and that was when silver hit its peak so far of 49.82. Both have marched similarly downward to present ( with of course minor up and down). So yes, I still believe that the Euro/USD ratio is the main factor in the pricing of silver. IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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