Friday, December 27, 2013

Signs of the Bottom in Precious Metals Sector

Although the medium term bear market in precious metals sector is still intact, the signs of the reversal can be spotted.
Let us look at the chart below:

During the bear market phase, silver prices fall more than gold. During the bull market phase the opposite occurs.
Look at the green lines at the end of 2008 and now. In 2008 the bull phase started with silver being stronger than gold. Now something similar is happening.