A Few Charts Of Interest
The Gold/Silver ratio appears to be bouncing off major long term support. If support holds, gold should become stronger than silver.
Nikkei bounced off the lower trend line last week.
Japanese Yen Vs the British Pound ratio has bounced off major long term support and appears to be heading higher. If support continues to hold, the yen should become stronger than the pound.
Oil has been moving higher since January. Looking at the above chart you can see that Unleaded Gasoline has been much stronger than Crude Oil. In fact, the ratio has just broken above last year's high.
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
2 comments:
keven, do you have any thoughts on gold. im waiting for gld to break 65.thanks for your work. I come by daily to see your thoughts.
I'm still looking to buy gold but I think it may go back down so I am going to wait awhile. I have a feeling if stocks have another leg down, gold may sell off again..I'll just watch for now.
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