Silver to Outperform GoldYup....just like we knew it would!
Thursday, July 09, 2009
Silver Set To Outperform Gold, Citi Argues
LONDON -- Silver is set to outperform gold, argued Citigroup in a note published Thursday, with the broker saying investment flows into gold are moderating while the outlook for silver is improving. The ratio fo gold-to-silver prices should return to its historical norm between 55 and 60 from the current 69, it said. It upgraded Fresnillo and Peter Hambro Mining to buy from hold, downgraded Randgold Resources to hold from buy and upgraded Hochschild Mining to hold from sell on reduced balance sheet concerns and the silver outlook.