Firstly, let me put in a declaimer: I do not know if Elliott Waves can be applied to spreads. Secondly, this is a CFD and not the actual futures spread and thus some spikes are purposely disregarded because it can be due to the Oanda widening of the spreads that causes those moves (note that the CFD spreads are actually much wider than the futures and they have a tendency to widen ridiculously during events).
With that, my analysis shows that the gold/silver spread seems to have topped. And with my expectation that Precious Metals will move up with the collapse of the equity markets, this means that Silver will move up much faster and much more than Gold.
With that, my analysis shows that the gold/silver spread seems to have topped. And with my expectation that Precious Metals will move up with the collapse of the equity markets, this means that Silver will move up much faster and much more than Gold.
