This post actually furthers a response to a colleague who wondered why I look at silver so closely instead of just industrial metals vs. gold. The answer I'll note here…
A simple chart showing the silver-gold ratio (2nd panel) at the limit point it has reached during previous pullbacks. This fits well with HUI in the top panel as it…
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.
Thing 1 happened in May. There is another similar Thing that happened before that, in March. Now Thing 2 is trying to happen today on FOMC day. If this reversal…
If silver out performs gold, the entire precious metals sector stands a chance to rise with the silver-gold ratio. This is not a comment on an important bottom being in…