Gold and silver are taking the stairs higherThe prices of gold and silver continued to appreciate last week in a slow and steady fashion. The daily and weekly charts for gold and silver provide a positive picture for the precious metals markets at this time. We have only seen two short downside corrections in the gold and silver markets thus far in 2017. However, the higher gold and silver climb on their respective staircases, the risk of elevator rides down increases. The recent increase in gold open interest as the yellow metal rejected the lows on January 27 is also a bullish technical signal.
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collected by :Jack Luxor
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Is the Gold Silver Ratio Predictive?
The chart shows the Gold Silver Ratio has turned lower, meaning that with the last big gold selloff, Silver actually outperformed gold, on a relative basis. Precious metals bear markets always hit silver hard, while bull markets always see Silver outperform gold. As a result, the Gold Silver Ratio rises during bear markets and then falls during bull markets. -- Published: Monday, 13 February 2017 | Print | DisqusBy Bob LoukasOne aspect of the precious metals market today that I like is the Gold Silver Ratio. In every case, the Gold Silver ratio turn lower as the entire metals complex went higher.read more visit us gold
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