Ira Epstein discusses the significant correction in the metals market, noting that silver, gold, copper, and platinum all experienced a pullback after a strong December rally.
And next is the same display for Silver. ‘Tis marvelous that — by the Gold/Silver ratio — the white metal finally has caught up to a reasonable valuation vis-à-vis Gold. Such G/S ratio (as earlier depicted in Gold’s weekly bars graphic) is now 57.3x, its lowest reading since 11 April 2013.
The fundamental cases for gold and its miners remain strong. American stock investors have barely started allocating capital into gold, and miners’ earnings continue soaring...
While I was watching the silver price soar last night, I started to get the feeling that there might be something else going on here. And if there is, and that’s what’s driving the rally rather than...
This week’s upside breakout is turning the $4400-$4000 zone into massive support...the $3500-$3200 area is currently the big one but $4400-$4000 is coming nicely into focus now too.
Swiss gold exports fell 15% to 109.5 tons in November, led by a 92% month-on-month slump in shipments to India, according to the Swiss Federal Customs Administration.
