Tuesday, March 7, 2017

Gold and Silver Diverge..03.07.17

Current momentum in gold and silver via the Ponzo forecasts is now divergent.  Rather that enumerating the (manipulated and self serving) geopolitical arguments supporting strength in gold vs. silver re India, China et al I tend ti just look at price action and from that perspective gold looks like a safer bet than silver.  HOWEVER, with recent sharp declines in aluminum and copper I'm inclined to hold off on any new positions until we get some supportive technical confirmations....which we will examine in tomorrow's post.