CHART UPDATE 12:50PM - Silver is lower today and is looking to find support at the SLV level of $17.53. This level is the two thirds or 61.8% fibonacci level from the biggest highs and lows on this chart. Everything is going lower today as we have seen the Dow Jones lose over 500 points in two weeks as well as gold selling off. Gold has not been hit as hard as silver lately, which means the gold to silver ratio is going higher on the short term chart. The moving averages on the chart is the five day average (stated on the photo) as well as VWAPS from those significant highs and lows. On the way up, these are areas to watch and observe its level of resistance.
INTERNATIONAL. In the time of the ancient Babylonians - long before the periodic table - there were seven sacred metals: gold, silver, copper, iron, tin, lead and mercury.
In Roman and Greek Mythology, the First Age was called Golden, the Second Age Silver. Apollo, the god of truth and light, and teacher of medicine, carried a silver bow...
Is Silver Set To Move Higher?
A pundit revisits silver's history and the silver:gold ratio and looks for an upwards rerating in this time of fiat currencies.
In the time of the ancient Babylonians - long before the periodic table - there were seven sacred metals: gold, silver, copper, iron, tin, lead and mercury...
Silver: the forgotten metal – Investors Chronicle
Record gold prices have been grabbing the precious metals headlines, although it’s gold’s forgotten sister, silver, that has actually performed more strongly over the past year. the silver price has risen 48 per cent against gold’s 33 per cent during that time, albeit while gold...
Why the Really Big Play is in Silver
Those transfixed by gold topping the $1,200 level again have been missing the real action in silver. The white metal has soared 24% to $18.46 since the February low, compared to a more modest 15% move for the barbaric relic, an outperformance of 1.6 to one.
I have been a raging bull on silver all year, grabbing you by the lapels and shaking you senseless if you didn’t buy. It is nothing less than owning gold with a turbocharger. Silver gives you a nice double play...
Prediction: Silver Will Go to Parity With Gold
In an interesting Web Bot prediction, Clif High and George Ure of the Half Past Human project suggest that an epic event will occur in early November of 2010. Clif High says it won’t necessarily be a war, but rather, an event that will be associated with the death of the US currency.
The attached video below uses a variety of sound bites from interviews where currency collapse, the gold market, paper gold and silver are discussed...
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