From Richard Smith, Founder, TradeStops:
Around my house, we prefer the old black and white TV shows over what the modern world has to offer our children. The Cisco Kid and the old Robin Hood with Richard Greene get a lot of air time … and, of course, the Lone Ranger.
In all great dramas, the good guy has to fall behind before the triumphant finale. In the silver market, these days, we’ve certainly seen silver fall far behind gold. Silver has a lot of catching up to do.
Just under 5 years ago, an ounce of gold would buy you 32 ounces of silver. Today, an ounce of gold buys you nearly 82 ounces of silver.
In the past 40 years, that’s about as many ounces of silver as you can ever buy with an ounce of gold:
Both gold and silver are down over the five years…