Thursday, January 12, 2006

Gold 4 hours and Gold / Silver exchange rate charts

Again, not much change in the gold price today, the channel chart is looking good and from the intraday action its seems like support is being built.

The Ratio between gold and silver is about 60, so sixty oz of silver are worth one ounce of gold. The chart is building a 20 month triangle formation and later this year we should see one of them outperforming the other significantly.



gold price
gold silver ratio chart

2 comments:

miketrader said...

Amazing Blog , Keep it going, will check back often.

mike

santia said...

I like Dinar.and its revaluation of currency.
Dinar

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