Tuesday, January 19, 2010

Silver And Gold Update



Above is a 60 minute chart of silver and gold and in the lower panel is a ratio chart of silver vs gold. Both metals have been consolidating over the past week forming what is known as a symmetrical triangle. Silver has broken out of this pattern today and is clearly stronger than gold as can be seen in the rising ratio line in the lower panel. The upside target for SLV based on this short-term price pattern is the $19 area.

1 comment:

Anonymous said...

It is certainly interesting for me to read that article. Thanks for it. I like such themes and anything that is connected to them. I would like to read more soon.

Joan Simpson

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