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Silver’s bullish momentum no longer correlates to gold

Posted on 26 November 2012

Whilst it is generally true to say that gold and silver tend to follow one another in terms of market trends and price action, this is not always the case. In trading, correlations between markets and instruments do fall out of step from time to time, and this is certainly the case with gold and silver at present on the daily chart.
Whilst not an extreme example perhaps, nevertheless, silver futures have picked up some bullish momentum in the last few days, a sentiment which has been lacking for gold, which remains waterlogged in sideways congestion for the time being………………………………………..Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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