Comparing Gold Bubbles
As for the precious metals complex breakout… gold never confirmed it was post 79-80 bubble, as it never overcame monthly defined breakout line…
But it did now!
Now, could gold runaway in it’s own bull era without silver? Maybe, but as I have shown, silver still reacts partly as a precious metal… and if gold flies… it should follow.
GSR ratio will tell you when it’s time to favor silver in favor of gold to maximize returns.
What he said. Patrick – you’re on fire today 🙂
Stuff like that is why I’m a “TA” goldbug. When gold confirms a bull market… its usually go time for the rest of the complex