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« USD Falling, Gold & Silver Rising: Gold and Silver Stocks Hesitate‚ĶFor Now | Main | Silver Wheaton: Head and Shoulders Formation »

Gold above $1000: Then Where Are Silver Prices?

At the Diggers and Dealers Forum in Kalgoorlie, Australia, Pierre Lassonde said today that the price of gold is to surge above the $US1000/ounce level. If he is correct then where will silver prices be?

If we take a quick look at the gold to silver ratio we can see that from the chart below that the ratio is approximately 52, a gold price of $672 divided by a silver price of $13.09 gives us 51.33.

Gold and silver ratio 06aug07

So if and when gold gets to $1000/ounce and the ratio remains the same then we have $1000/ounce for gold divided by the current ratio of 52 equals $19.23/ounce, very near our $20/ounce target price for silver.

Go Gold Go!

To read more about this forum please follow this link:
Diggers and Dealers.

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