On bull markets in in precious metals, silver usually outperforms gold. Towards the end of the speculative surge that completes the bull market, silver tends to fall behind the rise in gold. At the end of the magnificent run in 1980, this occurred some weeks before the ultimate high for both metals was set in that fateful January.
A measure of momentum provides the technical alert to the peak. We have found that when the Daily RSI approaches 80 speculation has become dangerous. All of the stories about central bank reckless behaviour, the Monsoon Season or demonstrable shortages of physical metal supply don't matter. They are "in the market".
In 2011, momentum soared to 92 and the only other time that lofty number was reached was in 1980. GOLD CHARTS HERE