My latest article on sharpspixley.com opens as below. It looks at what is happening in the gold bull vs gold bear battle and the recent downturn in the gold:silver ratio which is beginning to see silver playing catch-up after a disappointing (relative to gold) performance to date.
The recent pattern in the gold price is making the yellow metals’ short term future somewhat unpredictable. Was it ever thus? There is perhaps, though, more of an equal battle between those pushing gold prices higher, and those looking to take it down, than there has been since the heady first three quarters of 2011 when the gold bulls were very much in the ascendancy, and the subsequent four years with the bears dominant.
To read full article click here
Note: The gold price and silver prices were driven down overnight last night after something of a surge put down to the Brussels bombings. Whether this is indicative of a significant correction in precious metals prices, which many analysts think likely, or the big gold and silver short position holders manipulating the futures markets to protect themselves against what could be very large losses should the precious metals continue to surge, is as yet uncertain.