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Big Finish For Gold Last Week

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Friday may have started the trading day like a lamb but the lamb got trampled by a stampeding bull market later in the day.

Gold closed the week up $37.05 to $1,735.75 and silver closed up $1.07, to $33.66, for a closing silver/gold ratio of 51.5.   I did a double take on the silver number which seemed high, even for a bull market. 

Not only is silver going up but its velocity is increasing relative to gold. We’ve gone from a silver/gold ratio of 59 to 51 in a few short weeks.  With prices in the mid-$30 dollar range,...

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