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Gold Strong, Silver Weak: GSR = 85

goldielox1

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#1
Interesting price action recently: Au exploded over 1200 overnight while Ag just sat around and barely inched up. GSR 80 w/ gold at 1210 = over $15. Will some HFT algorithm figure out the GSR imbalance?

Overnight movements: Au up 0.8%. Ag up 0.3%. Copper up 1.0%.

So even if the thinking is Au is more industrial, it should have benefitted more than Ag.
 
Last edited:

louky

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#2
silver's in no mans land, gold just bounced off top of the box. that's all.
 

goldielox1

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#3
Gold is a lot stronger. Comparing end of August sell off to middle of August sell off: Gold dropped to 1170 mid August and only 1190 at the end of August (nowhere near as low). Silver dropped to 14.20 mid August and 14.05 at the end of August (even lower). Also in the last 3 days gold has already recovered the amount it sold off at the end of August while silver has only recovered a third of what it sold off in the same time frame.