Folks, it may be the simplest update I’ve ever sent. The Silver-Gold ratio is one of our gauges of a would-be inflationary environment to come (beneficial to commodities and other assets as noted so often previously). Today the Silver-Gold ratio is making another move in the positive direction, with a big spike in relative volume by SLV/GLD.
The weekly view is also very interesting. The week has not closed and anything can happen in this frenetic market, but as of now we are on the verge of a signal that would put us early on a more substantial ‘inflation trade’, while most of the world hunkers down amid deflation fears.
We’ll update if/as needed and definitely cover this again in NFTRH 402.