Silver Weaker Than Gold? - Maybe Not!
Peter Degraaf
A lot of traders and investors have been puzzled by the fact that gold has outperformed silver during much of the current bullish phase. As the following chart shows, that trend has been changing recently, and not many are thus far aware of it.
Featured is the chart that compares silver to gold. The picture is that of a major support line that is holding (blue dashed line). A positive ABC bottom, with support from RSI and MACD, both of which are rising (green lines), and a rise in the 50DMA (green arrow), the first rise this year.
Generally speaking, when this index is in 'uptrend', we are in the most bullish phase of the precious metals bull market.
For the bulls, 'the best is yet to come!'
November 3, 2007
DISCLAIMER:
Please do your own due diligence. I am NOT responsible for your trading decisions.
Happy trading!
Peter Degraaf is an online stock trader with over 50 years of investing experience. He sends out a weekly Email to his subscribers. For a 60 day free trial, send him an Email at itiswell@cogeco.net, or visit his website www.pdegraaf.com
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