Buy Silver on this Dip

Silver and gold took a big hit on Friday after the fishy jobs report. What did it take to bring it down? 192 million "paper" ounces sold on COMEX within minutes.

The gold / silver ratio I put on the side of the page is at 54. That is it takes 54 ounces of silver to buy 1 ounce of gold. The long term historic mean is around 16.

In this current precious metals bull market when ever the ratio has hit in the low 40's it corrected back up to above 50. You would do well to buy when ever the ratio is above 50 with the option to take some profits if needed when the ratio hits the low 40's.

Now is the time to buy. Silver is still down over 35% from it's high of $50 an ounce. Download and read the free silver report if you haven't already.