Besides, the daily trend is filled with too much "noise" to allow such detailed comparisons. The study of forcing during the test of support or resistance, i.e. filling or closing above a trading gap, is more important than price.
A variation on the Weimar experience within a dollar-centric monetary system has silver leading gold. This leadership is clearly illustrated in the Gold to Silver Ratio (GSR).
Gold to Silver Ratio (GSR):
The smaller and larger magnets represent targets within the cycles. The pull of the smaller magnet increased once mid range consolidation broke to the downside. A retest of the 2007 ratio lows is the minimum expectation of this minor cycle. Silver’s leadership will continue as long as quantitative easing remains a policy solution.
Eric,
Tonight you mention silver must fill the gap from Nov. 5. It just about did that today. However, gold (when looking at GLD) not only filled its gap but shot past it. Is there a mixed signal from these 2 charts?
Joe
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