Gold

The technical picture of gold is similar to that of silver. The only exception is that gold has yet to test the overhead gap.

Gold ETF (GLD):


The under performance of gold relative to silver, illustrated by the gold to silver ratio, suggests a return of the leveraged carry trade.

Gold to Silver Ratio (GSR):


A falling GSR tends to coincide will powerful rallies in both metals. A study of gold breakouts from consolidation indicate that time is open for another trend acceleration. This flies in the face of popular F-TV analysis calling for a major consolidation or top.

Study of Gold Breakouts from Consolidation:


It is still time to stand strong with gold.