الأربعاء, 05 أيلول/سبتمبر 2018 09:42

Precious Metals Send a Major Buy Signal

Written by
Rate this item
(0 votes)

(New York)

All precious metals have been in a tough bear market for several years. Rising rates and a strengthening Dollar have effectively blocked any recovery. The question then is when do they get cheap enough that it is a no-brainer buy? Perhaps right now. Gold’s ratio to silver just hit its highest point since 2008, making silver a buy. Silver has fallen 16% this year, almost double gold’s fall, making it the cheapest in a decade. Gold currently trades at over 80x silver, compared to a ratio of just above 30x in 2011.


FINSUM: The big question here is a catalyst. What would spark a rally? We are not specialists in precious metals, so we won’t comment, but we are sure it will take something significant to break a 6-year slump like this one.

Contact Us

Newsletter

اشترك

Subscribe to our daily newsletter

Top