The pattern in the gold market has greatly clarified. It is now following a more gradual path higher as the banks of the world resist its upward trajectory, and the many still do not recognize the inherent value of bullion in the face of currency devaluation.
The gradual rise will take gold much higher over time than a parabolic spike higher would, although it demands more patience as things unfold.
At some point it will regain a more aggressive track higher, and then likely consolidate and resume a more gradual rise for a time.
Silver is on an aggressive but sustainable rally path. The many years of suppression and the leverage in this market may call out a path and price much higher on a percentage basis than gold.
I like to buy both, but given a choice I would tend now to overweight silver for trading, and gold for the long term investment and wealth protection.
