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

A Change in Character

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

XAU Gold and Silver Index 2004 versus 2013 Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment