Market Report: Snoozing Into Spring

Snippet: 
On Comex, silver remains in deeply oversold territory, while gold is broadly neutral. Silver appears to be following the base metals, which have been drifting lower, while the dollar continues its consolidation of earlier falls. Consequently, the gold/silver ratio is up at over 80, a level that historically has been too high to sustain, as the next chart shows.

After barely changing the week before, gold is $5 lower this week from last Friday’s close, to $1320 in early European trade this morning, and silver was 5 cents lower at $16.47.

Gold and silver

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First published here: Market Report: Snoozing Into Spring

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