Gold has had an impressive run this year. It’s up 25.35% over the trailing twelve months, while the S&P 500 is only up 2.59% over the same period. However, several traders and analysts have pointed out that Gold is forming a head and shoulders top on the daily chart. Gold futures are currently down over […]
Chart of the Day – Monday, September 23rd, 2019
Today’s Chart of the Day was shared on Twitter by our very own Steve Strazza (@sstrazza). It’s a chart of the Silver/Gold ratio. This is a popular risk-on/risk-off gauge for Precious Metals. When the line is rising, it means Silver is outperforming Gold. Silver is perceived to be more volatile and aggressive than Gold. Therefore, […]
Chart of the Day – Tuesday, September 3rd, 2019
Today’s Chart of the Day was shared on in a blog post by Chris Kimble (@KimbleCharting). It’s a monthly candlestick chart of the Silver/Gold ratio going back to the early ’80s. When the ratio is rising, it means Silver is outperforming Gold and vice versa. Technicians use this ratio to gauge the level of risk […]
Chart of the Day – Wednesday, July 24th, 2019
Today’s Chart of the Day was shared on Twitter by Dana Lyons (@JLyonsFundMgmt). It’s a weekly candlestick chart of the iShares Silver ETF, $SLV, breaking out of a long-term downtrend. After taking a beating over much of the past decade, Precious Metals are finally catching a bid. Both Silver and Gold have surged over 11% in […]
The Silver Lining
While much has been made of the recent move in Gold ($GC_F), Gold Miners ($GDX), and the like, what about “little brother” Silver ($SV_F)? While both are moving upwards, many want to see Silver begin to outperform Gold. Further, some are claiming that the dreary days for Precious Metal bulls are finally coming to an […]
