Loading ...Spot the beginning of the big move in gold…. (chart)
Answers on a postcard:
No, I can’t tell either. The gold:silver ratio has just gone on its merry way gradually up as per the last … [fill in any long period of time].
Silver = gold on steroids? Not while there is a whiff of deflation in the air.
What to conclude? Fundamentally about the economy: maybe the wheels are coming off. Technically: who knows? Gold is leading silver. This is a move in gold. It’s all about gold; silverbugs take heed.
I think gold always leads silver but eventually silver starts to get a precious metals bid and not just an industrial metals bid and then BANG it will be off to the races