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.
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.
