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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Where’s gold headed? Watch silver

Posted on 04 September 2013

Where is the gold price going? It’s a simple matter of following the S. That’s S for silver, not Syria. COMEX silver has led the gold price since 2011, with silver reaching a price peak in April 2011 before Gold peaked in September 2011. The collapse following these price peaks showed the same behavior for both silver and gold. Traders who followed silver had clear warning of how gold would behave once the peak was established.
In 2012 the silver price leadership advantage was reduced. The retreat in silver after it reached a 2012 price peak in September was mirrored by gold in October 2012. While silver still provided a leading indication of gold price behavior, the lead time was reduced………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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