donderdag 29 september 2016

Gold Silver update: silver is better than gold

Premiums on gold and silver have been very low, just like months before. So it is not the best time to buy precious metals.

But there is one thing I want to point out.

Silver stocks at the COMEX have been going up (registered silver). This means funds are buying silver now.



Gold stocks at the COMEX on the other hand have topped out (registered gold). This means that funds aren't buying physical gold anymore, for example in the GLD trust.



The idea is that you should buy silver instead of gold at this moment.

The same can be said on the COT report.

Gold shorts are low, so there won't be a short squeeze on gold.



Silver shorts on the other hand have gone slightly up, so there is more chance that silver will go up due to a short squeeze.

Geen opmerkingen:

Een reactie plaatsen