Gold has been the talk of the town recently, with everyone wondering if the current rally is a bubble waiting to pop or just the beginning of a run to much higher prices. While gold is getting the attention, its sister metals -- silver and platinum -- have actually been outperforming. Below we provide historical charts of the ratio between gold and silver and gold and platinum. When the line is rising, gold is outperforming, while gold is underperforming when the line is declining. As shown, late last year both silver and platinum lost big ground to gold, with platinum and gold even reaching parity at one point. During the metals rally this year, however, silver and platinum have actually done better than gold. (See SLV and DBS for silver ETFs and PTM for a platinum ETF.)
Nat. gas and copper are the real play now
Posted by: dj | November 11, 2009 at 03:46 PM
You might want to check copper today. Bearish ADX cross on the Daily would indicate it's going lower.
Posted by: lo574 | November 12, 2009 at 12:03 PM
I find very interesting that the gold price was higher in the beginning of the 90's. what is the reason why it is not more expensive on these days?
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