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.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
2 comments:
I like slv or agq
AGQ daily chart did show the negative divergence on the 11/09 top, but it looks good as well on the daily.
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