The gold and silver bull markets are finally ready to stampede as silver surges while the Dow plunges over 550.
January 18 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: The gold/silver ratio is breaking lower with the latter now up 2.4% on the day.
Gold/Silver Ratio Breaking Down Signals
Silver’s Strength And The Beginning Of
The Next Up-Leg For Gold & Silver!
Ole Hansen, Head of Commodity Strategy at Saxo Bank: Silver challenging resistance below $23.50 after jumping on the back of the weak Empire Mfg number. Forcing short covering from strategies wrongly focusing on rising yields.
Real-Time Silver Has Now Broken Out
Trading Above Blue Line At $23.55
Graddhy out of Sweden: Said for 4+ months that Aug 9th looks good as major low. Still does. Holding blue breakout for 4th day today, with nice strong intraday recovery. Needs to get above 1837. Above that opens up for 1880. The more detailed charts are even more interesting right now.
Gold Will Vault To $1,880 When $1,837 Falls
Graddhy out of Sweden: Trying to break away from blue line backtest plus move above MA50 today, as we also were expecting. And it has made a higher high today. The precious metals plus currency charts are looking very, very interesting here on all time frames.
Gold & Silver Look Extremely Bullish On
All Time Frame Charts!
Big Low In Silver Behind Us
Silver made a higher high today as posted plus is still holding above MA50 daily, on large volume. This while USD is bouncing. Shows strength (in silver). And the higher high here means the odds are good it is in weekly cycle advance, which in that case means the big low is behind us.
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