Silver’s Outperformance Over Gold to be STAGGERING Long Term
Silver analyst, Ted Butler, foresees a shortage of physical silver developing as investment demand continues and looks for it to hugely outperform gold long term.
by Lawrence Williams, MineWeb.com
Long term silver enthusiast Ted Butler, although perhaps more than a little fixated on the huge silver short positions held by JP Morgan, along with a couple of others, on COMEX which he feels make the silver market hugely prone to what he rates as criminal manipulation by these organisations, is also an extremely acute analyst of the underlying market trends. Now after a good run up post the U.S. election he feels gold is getting set for a strong advance – and silver even more so.
At current gold and silver prices, the gold:silver ratio (GSR) is at around 53.4, down from a percentage point higher only a few days before. But with silver tending to outperform gold on the way up, and underperform on the way down he notes that it is the silver price movement which primarily sets the GSR trend. He thus feels that for a gold holder, a conversion into silver makes sense if you expect higher precious metals prices over time – and most gold holders do, otherwise they wouldn’t be invested in the yellow metal in the first place.
2012-11-13 21:16:33
Source: http://sgtreport.com/2012/11/silvers-outperformance-over-gold-to-be-staggering-long-term/
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