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Gold vs Silver

Bob Hoye
Institutional Advisors
Posted Apr 9, 2010

The precious metals continue to rally with silver outpacing gold. The RSI(14) of the Silver/Gold ratio is at 71.50. The five mid-March bottoms in gold we are monitoring for comparison put in RSI’s of 62, 85, 80, 64 and 82 in the first week of the breakout in gold. Unless support is violated we should be looking for a price high in gold and silver in the latter half of May through early June. Our exhaustion index is anticipated to produce daily and/or weekly sell alerts leading into the highs.

The mining stocks as represented by the XAU (used only because of its available history) performed well right through the in the seven week window, unlike the S&P which trended lower in four of the five instances.

(Click on images to enlarge)


Apr 7, 2010
Institutional Advisors

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