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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by Smittleon Feb 23, 2020 11:11pm
82 Views
Post# 30724136

RE:RE:Gold is at $1662 +$19

RE:RE:Gold is at $1662 +$19

That gold-silver ratio will widen even more warns analyst

 

Gold and silver will both eventually move much higher, but in the short-term, metals will follow their trajectory, meaning gold will move higher and silver will lag, this according to Todd “Bubba” Horwitz of BubbaTrading.com. 


“Right now, silver is in a short-term downtrend…both gold and silver spiked to highs and since then, they’ve both come down. The difference is gold found some support around $1,560 April futures but is holding, and silver is continuing that downward trajectory,” Horwitz told Kitco News

 
https://www.kitco.com/news/video/show/Kitco-NEWS/2699/2020-02-12/That-gold-silver-ratio-will-widen-even-more-warns-analyst#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS

rockmstockm wrote: A slow grind up the wall of worry is preferred for a long term price increase. Im scratching my head on why silver refuses to break out... it should be at 30$ base on gold


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