I said in my previous ideas on Gold and Silver that they were going to get hit for a few weeks to months but this was a healthy correction on the road to new all time highs. On the weekly and monthly charts we have formed a bull flag/bullish falling wedge and the price action is now bullish. I recommend you buy Silver over Gold because Silver is significantly more undervalued than Gold. The average Gold/Silver ratio is 1 oz of Gold = 60 oz of Silver. The current Gold/Silver ratio is 85. So expect Silver to outperform we are also seeing a breakout in Gold Miners Stocks. Typically when the yield curve normalizes the Gold/Silver ratio normalizes. However, the yield curve normalizing from being inverted now is not due to the market, it is due the the FED QE. The FED is buying bonds up to give the illusion of a healthy curve.
