by Craig Hemke, Sprott Money:
While we’ve been on the record since January in predicting that 2019 would see the best annualized gains for the precious metals since 2010, we’ve also been concerned that COMEX gold might pull away from COMEX silver in the short term. Now? Maybe not so much.
Two posts from earlier this year that you should review before continuing:
• This from January: https://www.sprottmoney.com/Blog/gold-and-silver-2…
• This from May: https://www.sprottmoney.com/Blog/recalling-2010-cr…
Over the past few weeks, I’ve often stated in public interviews that an expansion of the Gold:Silver Ratio to 100 would not surprise me—meaning that COMEX gold could go to $1700 while COMEX silver remains near $17—before a “substitution effect” finally forces The Banks to retreat and silver moves higher. While this may still be the case, a couple of changes over the past few weeks have led me to consider a different, short-term outlook for COMEX Digital Silver.
DOW REVERSES COURSE DOWN 174 POINTS//GOLD UP $2.90 BUT SILVER THE STAR, UP 20 CENTS/A HONG KONG CITIZEN AND A BRITISH EMBASSY EMPLOYEE DETAINED IN SHENZHEN AND HIS WHEREABOUTS ARE UNKNOWN..A POTENTIAL POWDER KEG!// ITALY’S CONTE RESIGNS AND NOW THE PRESIDENT WILL CALL ON NEW ELECTIONS AS THE FUN BEGINS IN ITALY//AMAZING: MISS NEVADA NOT ALLOWED TO COMPETE IN THIS YEAR’S MISS AMERICA CONTEST BECAUSE OF HER PRO TRUMP VIEWS
