649bruno
Long

Gold Or Silver: Which Is Stronger? Part 1

AMEX:GLD   SPDR GOLD SHARES
60 0 6
I was asked by a friend: "Which is stronger, gold-or-silver?"

The are both in up-trends. Both are consolidating.
Both have a rising trading channel, both have a rising 89 day moving average , and both have a rising Ichimoku Cloud .
But there are subtle differences.
Gold-as pictured above, is stronger when you look at the three indicators on the top of the chart..
1. (Top Indicator) RSI/ Stochastic is approaching over-sold (tied with-silver).
2. (Middle Indicator) Vortex, is positive, green over red (silver-is weaker).
3. (Lower Indicator) Phase Energy, still above zero line (silver-is weaker).

So, based on this review, gold-is-stronger than-silver. I am positive on the outlook for gold-and I think it will continue higher.

Good luck to you. Don.

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