As we remarked last week, the silver:gold ratio's precipitous decline was favoring near term equity market weakness.Present:
While the silver:gold ratio treaded water this week, the large divergence with the equity markets narrowed in form and proportion. And Future:
Considering that we are currently working from the perspective that the near term decline in silver is roughly only halfway completed, considerable downside risks remain - both for the equity and commodity markets.
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