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Silver Likely to Be Weaker Now


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#1 thoughtpwr

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Posted 09 February 2004 - 03:27 PM

About a month ago, I indicated that even though Gold was seasonally scheduled to be down unil 3/7 (or so, I don't remember the actual number right now), Silver was actually suppose to be strong until 2/9-2/11. So if we do get another selloff in the Xau down to 87-90, I would expect Silver to lose more as it just had a seasonally stronger period. I still expect one more down move before we go back to the top. EJ

#2 stockbucks_coffee

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Posted 09 February 2004 - 03:37 PM

you could be right... the recent xau/hui pullback over a week more ago... silver stocks were much weaker than gold stocks for the first time in many months or i can remember.