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Gold looks to be breaking from its 5-month sideways channel at (1). A breakout in Gold means it continues to reach all-time high levels. Keep in mind Silver’s all-time high was $50, which means Silver still has a big percentage ahead of it, before reaching all time highs.
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Silver has reflected a ton of relative strength of late compared to Gold, will be interesting to see if this trend changes.
Game Plan…A gold breakout, is good news for Gold! It should be very good for Silver!!!
Owners of SLV over the past 5 weeks have made more than owning the 500 index since Jan of 2010 ( 15 months)!!!
