The past month has been volatile for almost all asset classes, markets seemingly blowing hot and cold on the Federal Reserve’s interest rate policies.
Confidence that gold, at least, will ride out the current storm and go on to better things, we are not nearly so confident about general equities or bitcoin.
After all, gold is one asset still in positive territory year to date, given the Dow is down around 13%, the NASDAQ almost 20%, and the S&P 500 around 18%.
Friday continued a late downturn on Thursday, particularly in the U.S., with equities, precious metals, bitcoin, and other commodities falling sharply in concert.
Amidst all the ups and downs in gold and silver prices, perhaps one should not ignore what the price ratio between the two precious metals is telling us.
