First the Horsemen, Gold-Silver ratio (GLD-SLV) and Uncle Buck (UUP), who under normal circumstances ride together much more often than not.
GLD-SLV is making a strong move. A rising ratio is not usually friendly to asset markets, including very often, the precious metals.
UUP is not responding, yet anyway.
This might be an apt time to introduce Keith Weiner’s view of the fundamentals…
Here is a chart from the article showing gold’s fundamentals (per his analytical view) as largely repaired while silver remains in a different world than gold.
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