Check The Chart
So, after making a very specific call to take advantage of an undervalued situation, “with a small portion of one’s portfolio” on Tuesday, in the form of CDE at 3, near book value, showing that it has a history of having huge returns periodically when purchased at the correct time,(pullbacks to support) here is some additional historical perspective to that post supporting my contention that Silver trading at $20-$21, is a high value, low risk trade. With silver now at $20 and the gold to silver ratio at 90, this is an extremely good time to buy silver. Check the history. I suggest that anyone who has ever bought silver whenever the gold to silver ratio was 90+, has done quite well. Could it go higher, absolutely, as we have seen it at 100+. But you know that if it does, it isn’t going to stay at those levels for long. Don’t take my word for it. Check the historical chart. PS: CDE is unlikely to remain below the $3 price I suggested, for very long.
CM you should use the media feature to post charts
Copying and pasting ..wont expand