1336 days ago
Gold is up 14 out of last 15 days
Gold has benefited mightily from the collapse in real yields, and has hit another all time high yesterday (source: Bloomberg)
1336 days ago
Gold has benefited mightily from the collapse in real yields, and has hit another all time high yesterday (source: Bloomberg)
1336 days ago
Things have really gone parabolic this week for Silver as the front-month futures contract is trading more than 40% above its 50-day moving average (DMA) and 62% above its 200-DMA.
1337 days ago
Net longs as a percentage of Open interest remain way off the highs. According to Absolute Research Strategy, this could suggest more room for Gold to run
1337 days ago
Silver prices were up 25% in July, the second-biggest monthly gain for the white metal on record, and are extending gains this week, with spot silver spiking above $28 this morning. Is there more to go for the white metal? It is worth highlighting that the silver-gold ratio remains historically wide. The silver-gold ratio is simply the number of ounces of silver it takes to buy one ounce of gold. It has been historically high for months. It was well over 100-1 back in March. It dropped to about 75-1 this morning (its lowest since April 2017), but that is still high by historical standards. The modern average over the last century has been between 40 and 60-1. If the ratio normalizes, the long silver / short gold still has a lot of upside, i.e Gold underperformance vs. Silver should continue (source: www.zerohedge.com).
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