friday trading, page-18

by50

Do you get a commission?

OK, I make you Inspector General, lol.

Gold and silver and equity markets are a nice inverse comparison.

They both made all time highs on March 17 last year.

That was when equity markets made fairly major lows and was also at Armstrongs right kneckline. I suspected that that could be a longer lasting low for 13 months for US markets but was overwhelmed by the 62 month cycle down that topped in May last year and was my major concern.

OK so what.

Well now we have gold and silver having a rally top on Feb 20 and US markets and others making lows a trading day later and at a time that was Gann significant at 3 months from the Nov lows and 2 months before Armstrong's right shoulder.

So where from here? Indeed.

Flanagan suggests gold will stay in that inverse relationship but not silver. That is yet to be seen.

The fact that March 17 2008 was a major Armstrong turn and a major top for the precious metals means that is likely to have a significant affect on them on April 20ish and maybe equity markets.

We will see.