Below I show gold along with its On-Balance-Volume at the top of the chart. Note that OBV tuned up before the big up-thrust last week. This tells me that the huge move in gold was not just a violent one-day short-covering panic, but gold was being accumulated prior to the up-thrust.
Silver has made a stunning move over the last few days, rising from 19.00 to 20.86.
The silver-to-gold ratio has surged higher in favor of silver. One ounce of gold will now buy 63 ounces of silver.
I felt depressed today, and as I often do, I called my sister, Kate, who lives in Greenwich, Connecticut. I asked her, "What do you look forward to?"
She answered, "I guess you're talking about yourself." Kate had turned 86 years of age yesterday. And she said, "All my friends complain about aches and pains. One friend just broke her shoulder, and another says it hurts ... Log in or subscribe to continue reading.
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