There is a ‘risk off’ flight to safety in the markets today.
The unusually high gold to silver ratio seems to reflect this undercurrent.
Gold is somewhat preferred to silver in a ‘flight to safety scenario.’
I ascribe this to silver’s ‘industrial component’ which represents about one half its valuation.
Note that Sprott has acquired the Central Fund CEF and changed the manner of reporting its NAV to conform to the Sprott asset funds model.
Wall Street may be propping the stock indices a bit into the European close, as is their custom. Let’s see how things go into the close today.
Trumpolini has the markets on edge with his taunting of Russia over missiles and Syria.