Gold is doing well but the latest surge is not supported by another precious metal, silver.
Gold is doing well but the latest surge is not supported by another precious metal, silver. Look at this chart:
source: stooq.pl
The today's top (the upper red arrow) is not accompanied by a similar top in the silver/gold ratio (the lower red arrow). It looks like a classic negative divergence indicating a short-term top in gold prices...
This article is not an investment advice. I am not a registered investment advisor. Under no circumstances should any content from here be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational purposes only.
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