Commodity Prices

Gold •202 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	970.80	+0.00	+0.00%
WTI Crude •10 mins	76.40	+0.57	+0.75%
Gasoline •10 mins	2.097	+0.012	+0.59%
Ethanol •202 days	2.161	+0.000	+0.00%
Silver •202 days	30.82	+1.16	+3.92%

Silver • 202 days	30.82	+1.16	+3.92%
Copper • 202 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	79.84	+0.55	+0.69%
Natural Gas • 11 mins	3.784	+0.028	+0.75%
Heating Oil • 11 mins	2.581	+0.022	+0.88%

Headlines

587 days Will The ECB Continue To Hike Rates?
587 days Forbes: Aramco Remains Largest Company In The Middle East
589 days Caltech Scientists Succesfully Beam Back Solar Power From Space
989 days Could Crypto Overtake Traditional Investment?
994 days Americans Still Quitting Jobs At Record Pace
996 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
999 days Is The Dollar Too Strong?
999 days Big Tech Disappoints Investors on Earnings Calls
1,000 days Fear And Celebration On Twitter as Musk Takes The Reins
1,002 days China Is Quietly Trying To Distance Itself From Russia
1,002 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,006 days Crypto Investors Won Big In 2021
1,006 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,007 days Food Prices Are Skyrocketing As Putin’s War Persists
1,009 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,010 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,013 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,014 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,014 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,016 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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