10 May 2011

Gold vs Silver : Not the Same

  • Monthly charts of gold and silver. 
  • Note the difference. Silver rally from 19.35 in Sep10 to 49.51 high in Apr11 = +155% in 7 months. Gold over this same period from 1248 to 1569 = +26%. Exponential rise in silver vs steady uptrend in gold.
  • What has happened with silver is not going to happen with gold (yet). The silver rally was never going to be sustained.
  • This current pullback in gold is for buying into.

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