Thursday, June 14, 2018

Latest Developments On The Precious Metals Market

We live in interesting times. Generally, gold and the US dollar go in the opposite directions but after the latest FED decision both instruments go in tandem:


source: stooq.com

What is more, most recently the silver / gold ratio exploded to the upside but gold still cannot break above an ultra short-term resistance at $1,307 - $1,310 per ounce (the red, dotted line on the lower panel of the chart):


source: Simple Digressions

Finally, JP Morgan is furiously hoarding silver:



source: Simple Digressions

I think there is something big in the making...

Sixth Issue Of The Simple Digressions Newsletter

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