Gold could easily trade back to $1,900. That would be normal for these types of corrections.
Spring has sprung for precious metals mining stocks.
At the historic silver-to-gold ratio today of 79:1, silver below $16 is dirt-floor cheap compared to gold, also historically cheap at around $1,250.
At the close of market on the Wednesday this essay was written, the price of one troy ounce of gold was US$1,229. A troy ounce of silver was trading at US$15.25. Around the world, the […]
Recent weakness in precious metals prices is being confirmed by weakness in base metals prices.
The void left by government mints in North America is shaking up the silver market, creating a major opening for competitors to supply the growing ranks of “silver stackers” and capture market share.
Lower precious metals prices on Wall Street aren't necessarily bringing lower prices on Main Street.
Even among staunch sound money advocates, the historic role of silver as money is often marginalized or ignored altogether.