On the heels of last week's piece pointing to Gold as a "bargain", Gold-Getters have since come to the fore in pushing price to as high as 1864 towards settling yesterday at 1863. That doesn't mean Gold has concluded testing our arbitrary 1851-1798 support zone that we've oft mentioned in recent missives. But 'tis Gold's upside volume pace which we now embrace.
'Course with so much market uncertainty, misvaluation and dislocation run amok these days, it can all turn on a dime. . And the standout star for the Economic Barometer this past week was January's Pending Home Sales rocketing up +8.1%, a 17-month best. Is America thus "on the move"? OR: is it cashing in so as not to lose? Mind that bubble gum price.
Having too improved, albeit struggling to so do, is Silver. At left her"Baby Blues" lack the more robust up-curl of those for Gold; and at right her price has ascended only halfway up through her Profile, the Gold/Silver ratio remaining excessively high at 87.1x. Poor ol' Sister Silver believes she's a distant relative of Rodney Dangerfield:
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