It is almost always a bad idea to post EW counts. But, when it comes to charts, I do a lot of things that are bad ideas. ** This thing has $50+ printed all over it.
I like it! Only taken 17 years and a shit load of grief to move from $10 to $25. In another 15 years I can thank you for doubling my money, I'll ask the undertakers to stash the proceeds in my coffin. Shorting bitoink is prolly a better bet.
No, silver always outperforms gold on uptrends. But silver more volatile as you can see. Gold is black line
A little bit meaningless all those charts. It shows correlation and volatility but no time or price scales. Bottom line, gold has a cult following, (much of it like religion, built on hot air) it does short runs predominantly. When the market really gets going then gold fizzles out. Silver, this commodity rarely if ever is mined as a single purpose mine, mostly lead, gold, copper, zinc comes with it. Both gold and silver stocks are difficult to trade imo because they are correlated to numerous other things which pull it around, markets, interest rates, USD, seasonality (Asian markets) sentiment, metals market, inflation.... Gold price and copper price are also correlated at times due to much copper is mined with gold.
Each chart shows 60 bars on the same time scale. It's purely for showing trend by industry. An industry moves is much stronger than an individual stock.
%% LOL; that '' built on hot air '' was why they based US currency so long on gold, silver + copper/LOL?. Dont worry we have, in God we trust on our US money. GOLD never has done as well as DOW/DIA or SPY benchmarks,or real estate long term.