Quick note and then I’m off.
Gold is getting hit this morning, and the USD is positive. But silver is hanging positive and the Silver/Gold ratio is not buying the bearishness, at least in pre-market. Gold stocks are down in “pre”, but if the Silver/Gold ratio holds and has perhaps even bottomed, it would eventually be a positive tailwind for the sector and beyond, especially to commodity/resource areas.
Just a snapshot I found interesting. Let’s see if it means anything or if it is just a fleeting anomaly.
