The gold-silver ratio is finally getting back to some semblance of normal.
The gold-silver ratio sometimes colors what a precious metals trader would like to be long or short.
The gold-silver ratio sometimes colors what a precious metals trader would like to be long or short.
BY TYLER DURDEN TUESDAY, AUG 15, 2023 – 08:30 AM | ZeroHedge At the start of August, Fitch Ratings downgraded the US government’s top credit rating. Last week, Moody’s cut the credit ratings of small and midsized US banks because of higher funding costs, potential regulatory capital weaknesses, and rising risks tied to commercial real…
Courtesy of ZeroHedge In 2018, central banks added nearly 23 million ounces of gold, up 74% from 2017. This is the highest annual purchase rate increase since 1971, and the second-highest rate in history. Russia was the biggest buyer. And not surprisingly, the lion’s share of gold is flowing into central banks of countries that are…
Silver faced resistance at $23.25 and pulled back closer to $22.50. Silver Pulls Back After The Major Upside Move Silver made another attempt to gain momentum above $23.00 but faced resistance at $23.25 and pulled back as the U.S. dollar started to rebound against a broad basket of currencies while gold gained some ground in…
Gold Breaks $2,000/oz and Surges to $2,042/oz – New All Time Record Nominal Highs ◆ Gold surged past the important $2,000/oz level to a new record high today due to concerns about the outlook for stocks, bonds and other assets in an increasingly vulnerable U.S. and global economy. ◆ Gold has surged to new record…
◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also believes the Federal…
Silver has established its looked for base and has already moved to the first resistance at $26.09/22. Whilst strategists at Credit Suisse look for a pause here, they see scope for further gains ahead, ideally to $35.23/365. Key quotes “Silver has seen an even more dramatic move higher than Gold over the past few weeks, confirming the flagged…