Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18)

Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Tue Feb 13, 2018 9:38 pm

THIS RATIO IS STRETCHED TO ITS EXTREME

Today's chart highlights an extreme in the precious metals sector...

Regular DailyWealth readers know that we often like to measure assets in different ways. A simple chart will often tell you a lot.

But sometimes it's a good idea to measure one asset against another. These "ratios" can provide a different perspective.

One that we often look at is the gold-to-silver ratio. A rising ratio shows that gold is expensive relative to silver, and a falling ratio shows that gold is cheap relative to silver. The gold-to-silver ratio historically moves between 50 and 70. But today, it's trading much higher...

As you can see below, the gold-to-silver ratio climbed to more than 80 last week. That means that right now, it takes 80 ounces of silver to buy one ounce of gold.

The ratio has only been this "stretched" a few other times in history. This extreme reading suggests that silver is a better value than gold today...

Source: Daily Wealth
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Sun Feb 18, 2018 9:25 pm

Why a new Japanese emperor and the Tokyo Olympics mean a glittering Year of the Dog for gold

The possibility of further falls in stock prices, as well as uncertainty over the strength of the US dollar and over the Brexit process will also add to the lustre of gold this year

Gold has already risen 10 per cent in the lunar year just ended, and as well as Japanese demand, a weak US dollar, a shift from shaky stock markets and political tensions in Europe over Brexit will keep the outlook for the commodity promising this year, analysts said.

“According to Japanese tradition, the Japanese government will issue gold coins to celebrate the new emperor ascending the throne in 2019”.

“Japan will also issue gold coins to celebrate the 2020 Olympic Games in Tokyo, and the market expects the Japanese government to start purchasing physical gold in the second half of this year to meet this demand.


Source: SCMP

http://www.scmp.com/business/companies/ ... ering-year
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Feb 19, 2018 11:15 am

Gold: 1356.20, +0.90.

Big surge Wednesday, then flat and lateral into the weekend.

Strong break higher as inflation fears are up given the continued and accelerated profligate US spending, spending they are thinking saddling on the average US citizen with a $0.25/gallon gasoline tax.

Source: Investment House
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