Commodity Prices

Gold •781 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,896.70	-0.20	-0.01%
WTI Crude •11 mins	85.67	-1.39	-1.60%
Gasoline •21 mins	3.297	-0.051	-1.51%
Ethanol •781 days	2.161	+0.000	+0.00%
Silver •781 days	30.82	+1.16	+3.92%

Silver • 781 days	30.82	+1.16	+3.92%
Copper • 781 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	93.13	-1.26	-1.33%
Natural Gas • 11 mins	2.732	-0.041	-1.48%
Heating Oil • 25 mins	4.424	-0.071	-1.57%

Headlines

1,166 days Will The ECB Continue To Hike Rates?
1,166 days Forbes: Aramco Remains Largest Company In The Middle East
1,168 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,567 days Could Crypto Overtake Traditional Investment?
1,572 days Americans Still Quitting Jobs At Record Pace
1,574 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,577 days Is The Dollar Too Strong?
1,578 days Big Tech Disappoints Investors on Earnings Calls
1,578 days Fear And Celebration On Twitter as Musk Takes The Reins
1,580 days China Is Quietly Trying To Distance Itself From Russia
1,580 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,584 days Crypto Investors Won Big In 2021
1,585 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,585 days Food Prices Are Skyrocketing As Putin’s War Persists
1,588 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,588 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,591 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,592 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,592 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,594 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

More Info

Contact Author

A Change in Character

By Erik Swarts - Aug 09, 2013, 9:47 AM CDT

Despite an air pocket earlier in the week, conditions in the precious metals sector continue to improve. Most notably, silver has taken the baton and is starting to strongly outperform gold.

Silver:Gold Ratio Chart
Larger Image

Copper 2010- Present versus Copper 2006-2010 Chart
Larger Image

Gold 2004 versus Gold 2013 Chart
Larger Image

Buttressing this momentum is the swift recovery in the gold miners this week, which as of this morning have recaptured their 50 day sma. Having both silver outperform gold and their respective miners outperform spot prices is a significant change in character for the sector. Onward and upwards.

2008-2009 BKX versus 2012-2013 GDX Daily Chart
Larger Image