Monday, November 22, 2010

SLV vs GLD

As I've been showing for several weeks, whether on short intraday charts or longer mid term charts, SLV seems to consistently look better then GLD.

Here are the daily charts.

 GLD in a leading negative daily divergence. A Lateral trend seems to be unfolding here.

SLV by contrast has maintained confirmation and does not show the probability of a lateral trend developing, just a pullback that seems to be over at this point. SLV continues to outperform GLD on a % basis today at +.67% vs. +.11% at the time of this post.

2 comments:

Bert Lynd said...

I like slv or agq

Brandt said...

AGQ daily chart did show the negative divergence on the 11/09 top, but it looks good as well on the daily.