From the Desk of Ian Culley @IanCulley
Pop the champagne!
Gold reached new all-time highs.
Now, whether we consider the shiny yellow rock a viable investment is another story.
You know I’m bullish…
Yet I can’t overlook silver’s lack of participation.
I think of silver as gold’s rambunctious cousin — lots of fun until someone gets hurt — and someone always gets hurt!
Perhaps trading silver isn’t your cup of tea. I don’t blame you.
But silver rallies possess an infectious exuberance. Its rowdy antics and monstrous daily ranges magnetize investors as they attempt to skirt silver’s flame without burning to a crisp.
Unfortunately, silver isn’t bringing the heat. It has yet to break out, and the silver-to-gold ratio is trending lower.
A similar scenario unfolded last spring when gold ran up against its former all-time highs: