Soaring Silver

Fri, May 15, 2020 - 11:18am

We been waiting...and waiting...and waiting for Comex Digital Silver to follow Comex gold, the GDX and the GDXJ in breaking its 50-day moving average and then soaring higher. It certainly appears that this is finally happening.

So let's begin the day with an update of the primary chart that suggested this rally in CDS was inevitable. You'll recall the long-held correlation between the GDXJ and Comex Digital Silver. Regardless of the timeframe you choose, this odd correlation is extraordinarily tight. Once the GDXJ followed CDG and the GDX in breaking higher, the chart began to...

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