07 October 2014

Gold Daily and Silver Weekly Charts - Leveling Up

Gold held its gains today, while silver was once again the target of some mild selling pressures.

The gold silver ratio is back up over 70 again as I showed in the intraday NAV Premiums tally.

Gold is stronger against most of the industrial metals including the white metals. This *could* be a sign of stresses in the gold supply, or even some foreboding of an economic event with gold serving as a safe haven.

Gold is apparently in the lead sled dog position for the precious metals now, so let's see if it can sustain an advance and break this pattern of lower highs and lower lows.

China should be back from their National Week tomorrow. Let's see if Asia will make a difference overnight.

Try to keep a broad portfolio of wealth and savings, so you are not too heavily impacted by any big event in any specific sector. And this includes your relationship with the first things, and the last things. For what does it profit a man...

Have a pleasant evening.