Gold took off this morning, while silver is still lagging a bit and struggling with the 17 handle.
I would prefer that it was reacting to some specific news. A pause in the Iran talks? Grexit fears? Something simply a little more 'technical' like the end of quarter past into a new active month?
It has the appearance of a 'flight to safety' with the rally emphasis on the gold price. The gold/silver ratio is 71 which is exceptionally high.
Trust and fund premiums are pessimistic, no doubt reflecting concerns about the staying power of this rally and the upcoming Non-Farm Payrolls report. And the bucket shop is still a den of vipers and thieves.
We had snow here last night, but today, Spring is in the air.
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