Monday, July 3, 2017

Are We Close To The Bottom In Gold?

Look at these two charts:


It happens all the time - there is another divergence (red arrows) between gold prices (the upper panel of the chart) and the silver / gold ratio (the lower panel of the chart).

Generally, when gold prices are diving and the silver / gold ratio is going up, the precious metals market is close to its local bottom.

1 comment:

  1. In questo momento se al grafico di GLD inseriamo alcuni indicatori come il canale Keltner e i candelier exit ( long e short ) sembrerebbe che il fondo di NUGT lo potremmo avere vissuto oggi.
    Che ne dici?