Update: Silver is having a bad day.

Will it be meaningful?

Last week I noted the price action in gold and silver. The patterns were mostly similar, but the technical indicators and oscillators suggested different outlooks for each precious metal. I asked if silver's relative strength bode well for gold, or if gold's relative weakness bode ill for silver.

After today, it seems gold's bearish tilt is weighing on silver. Click on the link below for a chart and additional commentary.

Commodities Essential. UPDATE 4 December 2012


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No new recommendations or adjustments at this time.