Only the beginning
Only just the start
--Chicago
With the recent higher in the precious metals, how is the gold:silver ratio doing? Long term average is about 65; during the bear market it increased to the upper 80s.
With the metals coming alive and silver has started to lead, as expected. But, as the chart observes, silver's move has hardly dented the ratio.
If a precious metals bull market is underway, then silver's out-performance is just beginning.
position in gold, silver
Monday, September 9, 2019
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