00:00 Speaker A
Do you think do you think gold and silver are still a buy here after the volatility we’ve seen?
00:04 Speaker B
Well, today’s going to be a very interesting day for silver. I the what what I’ve been gauging really and what’s really kept me bullish for a long, long time was watching that gold to silver ratio, or I should say what got me more bullish was when that ratio started to flip in favor of silver.
00:27 Speaker B
And it got up right to resistance and that the gold to silver ratio was 65, which means gold’s trading 65 times the price of silver.
00:41 Speaker B
And if that starts to decline and breaks down under suits under 60, with silver now back over $80, I would think that silver still has great potential to the upside, and I might take a shot there if I was just getting in.
00:54 Speaker B
But you have to really position size for volatility because we’ve seen so much of it. In far as gold we’re back over 5,000.
01:02 Speaker B
I don’t think it’s going to get over 5400 on this run. I could be wrong, of course. But that is kind of what I’m that delicate balance right here. We’ll see what happens with that ratio.
01:13 Speaker A
Uh and and also I wonder, are are gold and silver going to benefit if indeed there is an attack on Iran? Is that a place where we’ll, you know, even with all of the appreciation we’ve seen in those metals, will that still be a place that people will go?
01:26 Speaker B
I think that’s a great question because we’ve seen gold and silver rally long before this because of other reasons. Obviously for silver it’s more supply, and for gold it’s been more sort of the reflection as I love to call this, the cracks in the mirror that we see all over the place.
01:47 Speaker B
Iran is another crack but not necessarily the fissure that’s going to drive gold to new highs.
01:54 Speaker B
So I think they’ll be impacted, but I don’t think they’ll be impacted as much as the energy space. And that’s why we’re so focused right now on oil, and even natural gas, which is so incredibly cheap. I think could get a bid because if oil rice prices rise, that will put more attention on natural gas as a source of energy.