Gold (GLD) has been the star performer this year in the precious metals arena as it’s up about 27% on the year and appears poised to move higher. the silver etf (SLV) was briefly the star last spring before flaming out after reaching the 1980 high of roughly $50. Gold had a similar parabolic run [...]
Looking at a chart of the recent price action in Gold and the Gold ETF (GLD) you can see many striking similarities with the April top in silver futures prices. First of all, if you take a look at the two charts below you will see that chart patterns are almost identical. Gold Chart Showing [...]
Over the years I’ve had much more success trading precious metals than the stock market. Even though they tend be more extreme or erratic than the stocks, they tend to move in more predictable patterns. The best market for trading in the second half of 2010 and the first quarter of 2011 was silver. After [...]
