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Bifurcation in the precious metals complex

Posted on 10 March 2011

From Resourceinvestor.com: Silver has been red hot lately and the silver shares have joined in the fun. Yet, we haven’t seen a corresponding breakout in gold or in the gold shares (as evidenced by GDXJ and GDX). In the chart below we show SIL (large silver stocks), silver, gold, GDXJ (gold juniors) and GDX (large cap golds).
Silver has been the clear winner as it broke out first while the large and junior silver shares would breakout later. Note how gold has yet to breakout and how GDXJ and GDX have yet to test recent highs……………………………………….Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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