The 2 Horsemen of the Apocalypse are riding divergent paths again, this time with the Gold-Silver ratio popping (implying systemic stresses) and the US dollar declining. Interpretation? Well dear reader,…
Here are the Gold-Silver ratio and Uncle Buck, riding somewhat disjointedly together. Assuming they will continue to ride together in the near term, which one is going to down correct…
Mario just popped up from the upper left corner of the Whack-a-Mole table top and hammered the Euro* (see Biiwii commentary here), logically sending USD upward. But the gold-silver ratio…
For some downtrodden items, that is. A downturn in the GSR and its fellow horseman the USD could provide some relief for the markets that have done the most poorly…
Gold vs. Silver and USD have reversed downward today. This would imply a whiff of an 'inflation trade' if it were to persist and lead to a break of the…
The Gold-Silver ratio and USD (GLD-SLV, UUP) are still in bullish trends, which means the case for a decline in market liquidity is still in play.
In the land of indicators, there is just as much confusion as there is in the land of asset markets. In the markets it's gold miners up, down, up... stock…
The gold-silver ratio and USD are both up this morning. This is punishing to many items including of course, the precious metals. Judging by my screen, it is also pressuring…
The Gold-Silver ratio and the US dollar are rising (GSR at new highs) and taking liquidity out of the market. This as the precious metals, sometimes the earliest of indicators…
The news driven short covering rally yesterday was impressive and now momo’s are being punished. Makes sense.
Well, here came the short covering rally in the precious metals. By calling it that I don’t mean that it cannot turn into something more, but today was most assuredly driven by short covering as the US dollar unwound some of its speculative sponsorship. One can assume that large speculators took it on the chin on both ends, in the USD and in gold/silver as the Commercial traders had been aligned increasingly bearish and bullish, respectively.
There are a lot of things in play today, including a notable rise in the gold-silver ratio concurrent with USD (finally, these two are both working together, which would be a component of our favored macro plan for future economic contraction, stock market troubles, etc.). But the point of this update is to further the point we made last week about the Emerging Markets’ potential breakdown nominally and in relation to the US market.
Gold-Silver Ratio
The gold-silver ratio is rising today, which is not a bad thing for gold stocks as long as it is rising in the context of gold out performing silver to the upside.