A Look At Silver’s Breakout Today And What It Means For The Gold & Silver Markets
KingWorldNews.com
February 10, 2017
On the heels of the silver breaking above $18 before pulling back and the Dow and Nasdaq hitting new all-time highs, today King World News is pleased to present an important update on the war in the gold and silver markets from Michael Oliver at MSA. Oliver allowed KWN exclusively to share this key report with our global audience.
By Michael Oliver, MSA (Momentum Structural Analysis)
February 10 (King World News) – The spread between silver and gold is doing what a precious metals bull should like and expect. It is MSA’s view that the decline in the metals (late summer to December of last year) was merely a large corrective decline, and this spread is echoing that conclusion…
When the metals peaked back in 2011, it only took 40 plus ounces of silver to buy one ounce of gold. That spread worked against silver such that in early 2016 it took more than twice as many ounces of silver to buy one ounce of gold.
Long-term momentum during that period developed a series of lows at or marginally below the zero line (50-wk. avg.).
The Rest…HERE
