Just a heads up on a couple of pictures.
The Silver/Gold ratio held its constructive to bullish look despite a day of price violence in the precious metals (including the PGMs) and volatility elsewhere. No change to the current view. If this resolves upward the implication is it would be beneficial to precious metals stocks and commodities/inflation trades.
The HUI/Gold ratio held up today as well. If it continues to do that and eventually turns upward again it would be a positive indicator for the precious metals in general and gold stocks in particular.
