Commentaries

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Monitoring the ‘Risk Trade’ with the Gold/Silver Ratio

The gold/silver ratio is not just for gold bugs; it can help us monitor the appeal of the ‘risk on’ trade relative to the ‘risk off’ trade in many markets, including global stocks (SPY) and commodities (DBC).

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Gold Consolidation or Correction?

“…Some governments will topple….” –Jim Rogers, referring to the effects of coming rising food prices….

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The Gold Market Is ‘Tight’

Controlled markets in which price does not equilibrate supply and demand are often characterized by shortages. When this happens in gold market, it’s called “tightness” rather than shortages. It sounds better. The tightness in gold is revealed by the growing spread between physical and paper gold. This is revealed in the chart below. The tightness … Continue reading

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