Gold-Silver Ratio Pointing to Another Major Move Higher in Precious Metals.
In this report, I cover the early market action from London on Tuesday, September 24th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I go over some of the economic data that came out of Germany and the European Union that show the world economy is coming to a screeching halt. We must not forget that Germany is a manufacturing and exporting powerhouse and that when it slows down it means the whole world is probably doing the same.
I will also be looking closely at the gold-silver ration today and what it is telling us about the direction of the price s of the precious metals. My conclusion is that we see the resumption of a move higher in gold and silver as silver looks set to outperform gold again after a pause.
▶️ DTube
▶️ IPFS