Gold and silver have climbed higher as expected. Both precious metals now look ready to make new multi-month highs.
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By James Turk | Silver | Comments are Closed | 25 May, 2009
Silver has rallied above its 200-day moving average. It is now contending with resistance at the horizontal red line drawn at $15, which is a dividing line between overhead resistance and underlying support.
It has taken a lot of patience, but the gold/silver ratio finally sliced through support at the 68-69 area. The ratio has clearly broken down, meaning that silver is now outperforming gold.
JAMES TURK
GOLDMONEY
MONEY AND LIBERTY
“James Turk’s background is in banking and asset markets, not academic economics where careers are made on the promotion of institutional dogma often divorced from reality. This practical stance informs his book throughout, with much material that gets to the heart of the matter, and has stood the test of experience. Money and Liberty delivers plenty of core knowledge, from a practitioner involved in these topics for decades.” Forbes
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My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.
