In this report, I cover the early market action from London on Monday, November 11th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market, the price oil and bitcoin.
Today I look at the relationship or the ratio between the overall commodity market and the S & P 500 index. I reference a tweet by Tavi Costa in which he posts a chart of that ratio and shows how real things or commodities are the most undervalued versus equities in 50 years.
My conclusion for the day is that even though the ratio is where it is it could stay down or go down a bit further but that statistically, the probabilities tells us that commodities are a steal relative to paper assets.
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MONERO: 443HZ51ibn1MUD65R42hLNj934Cjq9oEbXaZ68UWeKdAg3qmgM6gL2qMnutYDyn8GnZEDf1yvsqkw11wXgrkm4wFDpDk58u
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
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BSV: qr20w4glrt5urr63c2xrqaxa3ken2qy5hqdxr3kv34
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