649bruno
Long

Silver Or Gold: Which Is Stronger? Part 2

AMEX:SLV   ISHARES SILVER TRUST
107 3 6
I was asked by a friend: "Which is stronger, silver-or-gold?"

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.
Silver-as pictured above, is WEAKER when you look at the three indicators on the top of the chart..
1. (Top Indicator) RSI/ Stochastic is approaching over-sold (tied with-gold).
2. (Middle Indicator) Vortex , is NEGATIVE, red over green (gold-is stronger).
3. (Lower Indicator) Phase Energy, has fallen below the zero line (gold-is stronger, it is above the zero line).

So, based on this review, gold-is-stronger than-silver. I am positive on the outlook for silver-but I would rather take a position in-gold.
In fact, the leverage in-GDX is about four times that of-GLD. The gold-miners stocks should continue to be strong:
Some miners stocks that have been strong include HL-NEM-GORO.
The gold-miners stocks are consolidating. A good entry point is when the RSI/ Stochastic bottoms out and starts back up-
This event ( RSI bottoming out), in conjunction with structure to the left on the chart (previous pivot points ), are powerful buy signals.

Good luck to you. Don.
can you share what are your indicator settings are?
Reply
649bruno ChrisitneLcs
Certainly. The indicator on the top of the page is RSI / Stochastic. When at the top it is over-bought. When at the bottom it is over-sold.
The top middle indicator is vortex and it is strong with green over red, weak when red over green.
The Top (bar-type) indicator measures the "phase energy", and this is the "Awesome Oscillator". If you read some of my other posts, I have a system called TRADE-MAP:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
Thank you for your comment. Don.
Reply
Thanks for your detailed presentation! It's really helpful!
Nice to learn from pro traders like you here.
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