2 Horsemen And Gold & Silver Fundamentals

First the Horsemen, Gold-Silver ratio (GLD-SLV) and Uncle Buck (UUP), who under normal circumstances ride together much more often than not.

GLD-SLV is making a strong move.A rising ratio is not usually friendly to asset markets, including very often, the precious metals.

gold silver ratio (gld, slv)

UUP is not responding, yet anyway.

us dollar, uup

This might be an apt time to introduce Keith Weiner’s view of the fundamentals…

Silver is in a Different World

Here is a chart from the article showing gold’s fundamentals (per his analytical view) as largely repaired while silver remains in a different world than gold.

gold fundamentals

Disclosure: None.

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