On this chart the ratio of spot gold to spot silver is charted over time. The traditional
benchmark of 75 is the horizontal black line on the chart. Above it gold is outperforming
while below it gold is underperforming. Direction counts. Overall gold has been rising
relative to silver since May 23. Gold did underperform as compared with silver from September
22 to the end of 2022. Silver last had any outperformance, in gold's trend down
which briefly lasted from mid-March to May of 2023. Silver has considerable industrial
uses compared with gold. At present, the ratio is rising making gold the better choice
if trading or investing in these to metals for the intermediate or long term. This is especially
true because central banks are accumulating gold most especially China whose ambition is
to launch a gold-backed new currency.
benchmark of 75 is the horizontal black line on the chart. Above it gold is outperforming
while below it gold is underperforming. Direction counts. Overall gold has been rising
relative to silver since May 23. Gold did underperform as compared with silver from September
22 to the end of 2022. Silver last had any outperformance, in gold's trend down
which briefly lasted from mid-March to May of 2023. Silver has considerable industrial
uses compared with gold. At present, the ratio is rising making gold the better choice
if trading or investing in these to metals for the intermediate or long term. This is especially
true because central banks are accumulating gold most especially China whose ambition is
to launch a gold-backed new currency.
Комментарий:
GLD, the ETF of gold futures running now expect more from this high tight bull flag pattern.
Комментарий:
to suggest a push to break the flat top resistance seen on the chart below