If you notice FX movements in relation to commodities like Silver and Gold, Silver is even more undervalued than Gold. And plays a different role in the whole scheme.
So, I would expect, given the desire to not break the china in the cupboard, gold and silver will increase slowly. Take also note of the fact that the gold/silver ratio is decreasing.
Then another observation: these changes all are performed within a certain bandwidth.
Gold above 2071 and holding. if not, just another small reshuffling.
Silver: above 25.14 Euro's and holding, if not just another small reshuffling.
Dollar/Euro: above 1.169 dollars to the Euro and holding, if not: just another small reshuffling.
Yes and no when it comes about the dollar.
If you notice FX movements in relation to commodities like Silver and Gold, Silver is even more undervalued than Gold. And plays a different role in the whole scheme.
So, I would expect, given the desire to not break the china in the cupboard, gold and silver will increase slowly. Take also note of the fact that the gold/silver ratio is decreasing.
Then another observation: these changes all are performed within a certain bandwidth.
Gold above 2071 and holding. if not, just another small reshuffling. Silver: above 25.14 Euro's and holding, if not just another small reshuffling. Dollar/Euro: above 1.169 dollars to the Euro and holding, if not: just another small reshuffling.