When risk is out and money flows OUT of the commodity complex, silver sinks like a lead brick.
Notice that chart pattern is almost identical between the two.
Saturday, January 21, 2012
Silver tracking the CCI - risk trade measurement
One look at this tells you all you need to know about whether or not silver is going to perform. If risk is in and hedge fund money flows are coming into the commodity complex in general, it will move higher. When it does, silver goes right along with it.
When risk is out and money flows OUT of the commodity complex, silver sinks like a lead brick.
Notice that chart pattern is almost identical between the two.
When risk is out and money flows OUT of the commodity complex, silver sinks like a lead brick.
Notice that chart pattern is almost identical between the two.
great chart Dan, thankyou. The beauty of it is that it looks like silver performance lags the CCI by a week or 2, which helps time entry points.
ReplyDeleteThanks Dan, simple yet great comparison, you're a true professional.
ReplyDeletegreat comparision, along with the one with S/G ratio.
ReplyDeleteThanks :)