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Insights From The 10 Year Gold, Silver And Dollar Chart

Jim Sinclair says to buy “fish lines” and sell “rhino horns.”
Stated another way – buy value when the price has plunged and sell when prices have gone parabolic.
In today’s world that means:

  • Sell the dollar index
  • Buy gold
  • Buy silver

Comments

  • The dollar index has made an impressive rally. Note the extreme “over-bought” condition in the TDI.
  • Gold has fallen hard since August 2011. Note gold’s extreme “over-sold” condition.
  • Silver had been smashed down since a near $50 high in April 2011. Reminder: that rally started from less than $9. Silver is now deeply “over-sold” and sentiment is terrible, which is often an indicator that it is time for a reversal.
  • The Disparity Index (on the weekly charts) shows the price deviation from the 40 week moving average.

Source GoldSilverWorlds

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