Or should I say Silver and Gold?
Silver continue to lead on the upside making another multi decade high while gold struggle to hold support. The precious metals market is changing at least temporarily and In my opinion silver currently enjoy better physical demand then gold. In addition some market participants are expecting the silver ETF as well as long silver short gold trades. Both metals can have some short term pullback anytime and silver is certainly more risky and volatile. However both the silver and gold markets continue to present a superior high reward low risk investment opportunity, regardless of geopolitics and minor economic events. Short term gold is forming a triangle pattern and a relatively powerful break (up!? / down?) Will soon follow…
Click on the charts below to enlarge:
Wednesday, March 15, 2006
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