bobbyw24
Banned
- Joined
- Sep 10, 2007
- Messages
- 14,097
By Jordan Roy-Byrne
It is not exactly groundbreaking analysis to say that what's good for Gold (NYSE: GLD) is generally good for Silver (NYSE: SLV). As observers of the precious metals know, Silver tends to lag Gold but eventually catch up quickly. In the long-term sense, Silver is still a year or two behind Gold as Gold has broken above all resistance levels. Technically speaking, we do favor Gold over the next few months, but ultimately, Silver is poised to catch up with vengeance.
Here is a great 40-year Silver chart from Nick Laird at sharelynx.com, with my annotations [click to enlarge charts].
continue
http://seekingalpha.com/article/211187-keep-your-eyes-on-silver
It is not exactly groundbreaking analysis to say that what's good for Gold (NYSE: GLD) is generally good for Silver (NYSE: SLV). As observers of the precious metals know, Silver tends to lag Gold but eventually catch up quickly. In the long-term sense, Silver is still a year or two behind Gold as Gold has broken above all resistance levels. Technically speaking, we do favor Gold over the next few months, but ultimately, Silver is poised to catch up with vengeance.
Here is a great 40-year Silver chart from Nick Laird at sharelynx.com, with my annotations [click to enlarge charts].
continue
http://seekingalpha.com/article/211187-keep-your-eyes-on-silver
