Loading ...re Au/Ag ratio…while not wishing to ever rain on Farmboys parade, that article made no mention at all of the Rig……consequently I would put it in the Bin.
Tdy is a classic…..yes we need a correction/could have one…..but why were the mkts bombed on a strong opening, as soon as the SM opened. At 1st glance there is/was no reason, any longs are happy campers, so why would they sell…..the shorts are the ones in trouble, it is they who HAVE to get the mkt down, or their Gummy mates who are short alongside them, will get killed. The big time shorts don’t care, as Janet backstops them…but their job is to crush the mkt, hence tdys selling.
Ag has clearly been held down by the Rig and once the Rig starts to blow that Au/Ag ratio will collapse. The symmetry of the long term Av being @ 16 over eons and coinciding with the ratio to which Ag is found relative to Au in the ground, tells me that the Rig has distorted the mkt horribly. I too am weighted in Ag’s favour and there is no mkt on this earth that is as dangerous as Ag…..the Scum are insane to be so short.