It was a calm start to the last trading day of the week after a tumultuous ride where commodity prices took a hit mid-week, then recovered.
Gold was down a mere $2.57 to $1,774.61 and silver was off $0.22 to $34.57, for a silver/gold ratio of 51.3.
Once again we find gold, crude oil and silver prices disconnected from currency changes as the euro gained back ground against the dollar. The industrial metals stayed with currency with platinum, palladium and copper all moving higher.
The disassociation from currency prices is one of the more obvious signs we’re in...