Gold is up for a different reason. You can see how the market's holding up over all key moving averages, and it's trying to move to the right-hand side after spending five days in a row over the upper Bollinger Band. In Futures, you normally, don't go much more than that. You can get an odd case, like cocoa. But typically, you don't go much more than that and you're overbought in the market.
When we come to the gold-silver ratio, you can see how it came down to 84, and it's getting a little bounce back to 84.83, but s to silver is markedly stronger than gold right now and you could see it's in the fresher part of the oomph to the upside. This is a market that was $24, five days ago. It has jumped up in price, over 10 percent, just like that.
About the author
LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
Be it education, market information or trading platforms, we provide solutions.
Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.