As my dad is fond of saying, we’re off like a herd of turtles. It was a surprisingly lackluster beginning to a trading week that by rights should be more upbeat.
Gold started off down $1.94 to $1,615.20 and silver up $0.01 to $28.13, for a silver/gold ratio of 57.4.
The dollar gained ground against overseas currencies in overnight trading Sunday, putting early downward pressure on commodities. Platinum, palladium and copper joined gold and silver lower while crude oil bucked the trend moving higher in spite of the currency headwinds.
Gold beat the currency spread but it’s still...