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Good Week for Gold, Metals

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Gold was off yesterday $0.17 in early trading to $1,675.24 and silver was up $0.06 to $32.39, bringing the silver/gold ratio to 51.7.  As I mentioned the day before, when the silver/gold ratio diverges suddenly, it’s a good sign silver is going to adjust to narrow the gap and that’s just what happened and there’s probably still some room on the upside.   

Platinum, palladium, crude oil and copper all joined gold lower as the dollar gained ground on the euro.  The Euro-zone is supposedly in a funk this morning because China’s growth is slowing, but...