Concerns related to demand kept downward pressure on commodities yesterday, including gold and silver, which were down, though still holding up better than other asset classes.
In early trading gold was down $13.41 to $1,583.37 and silver was off $0.46 to $26.66, for a silver/gold ratio of 59.4, the highest reading this year.
I realize it may be depressing to watch gold and silver prices follow oil, copper, platinum and palladium lower, but we’re in the midst of a global fire sale and dealers are slashing prices on everything.
Besides, what are the investment alternatives? How’s your 401(k)...