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.
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.
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.
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