Nov. 29 at 2:30 AM
https://auronum.co.uk/gold-to-oil-ratio-flashes-a-warning-is-gold-overpriced/
Gold to Oil ratio is at historical highs. It might not look that way with the spike in 2020, but remember, that was an extreme event, the Saudi's / OPEC had to cut oil prices to
$20 a barrell to keep the markets from crashing.
Cutting interest rates for the third time in three sessions in December signals some sort of economic stability. Consumer staples have absorbed minimum wage increases, and inflation can go back to being ignored / swept under the rug / jammed into Bitcoin.
You can't expect the price of oil to spike dramatically. Fed rate cuts and Gold to Oil should put pressure on Gold. Silver could be ripe for a major correction, back to
$25 an ounce by next summer.
$HL has run 250% in six months. Market cap is at 10x sales -
$BHP is at 2.75x sales. Glencore is at 0.25x sales. Hecla is expensive.
