12.08.2015 - Nickel n' Dime options...
In last week’s issue we detailed the widening gold/silver ratio. You arrive at this measure simply by determining how many ounces of silver would be required to buy one ounce of gold at current spot prices. When the ratio is high, the usual consensus is that silver is favoured. The ratio is now approaching the upper end of its long-term range, driven by a surge in speculative short positions in derivative markets. Over the past 12 months, the price of the benchmark silver-futures contract has pulled back by over a quarter, while investors have pulled the best part tof $5bn out of the iShares Silver Trust (the biggest physically- backed fund) since the start of the year...............................................Full Article: Source
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