The Gold to Crude Oil Ratio is Getting Jiggy and looks to head much higher: Greg Harmon.
“Gold is likely to move sharply upwards should Barack Obama be given a second term in office, analysts say…a Romney win would result in a knee-jerk negative reaction in gold prices.” (Mineweb) ISA thinks hogwash.
Meanwhile in the real world, government pensions are woefully underfunded, even assuming 8% returns in our zero interest rate world. Economic Policy Journal
“China is quietly becoming a gold superpower.” Ritholtz
Silver Wheaton has underperformed yesterday and today on the heels of third quarter results. SLW produced more gold than they sold in the quarter; the increase in inventory caught analysts by surprise. ISA believes it irrelevant as SLW may well lead the sector breakout. Forbes
The precious metals complex has ripped higher late morning today…