At this stage of the game the long term charts are very important, the short term charts are applied with much more context this way. Gold is accelerating in price, silver is sky rocketing. Investment (in reality mostly savings) capital is flowing into this relatively small financial sector, price multiplication is rational possibility.
Gold long term log chart
Silver long term log chart
XAU intraday chart.
XAG chart.
1 comment:
Frankly, I was doubtful about the actual value of the Dow / Gold ratio.
But the chart at this link has started to re-shape my thinking.
http://bigpicture.typepad.com/comments/2006/04/dow_jonesgold_r.html
Deeply appreciate your regular gold articles. Great insights, and an excellent knowledge-resource.
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