Great day for Gold and Silver...but...silver is still being constrained somehow.
Gold is currently up $26 and silver is up $.29 so we're back to the 90:1 or 100:1 G:S ratio.
I liked it a lot better when Gold was up $10.00 and silver was up $.50
That's what I want to see...a "proper" G:S ratio...like a couple of weeks ago.
The G:S ratio can't continue to drop if silver can't outperform 90:1...
Sold some GPR today (up 11% at the time) and bought more AUM at $1.00 down 4.5% on the day. Just felt that there had to be a gain to be had on a total 15% swing trade!
There was some mechanical/electronic selling going on - 100 shares per minute hit my bid for around 15 minutes. That's NOT guys like me using Webbroker! Who does that? Market-maker? Anyone know?
g