The USDollar continues its slide since 10amET (now unchanged on the week) as Gold and Silver just legged higher once again. Gold is now over $40 off the day's lows and Silver has broken above $16. Increased chatter about the Swiss Gold Initiative is being blamed for now (as EURCHF tests down to 1.2011 - inching ever closer to testing the 1.20 peg. Oddly, last Friday was also a major melt-up day for precious metals. Treasury yields are also plunging as desk chatter notes limited liquidity - also reflected in the stock markets EKG-like moves.
Gold-to-Silver ratio has tumbled from 75.5x to 73.5x...
As Futures surge...
http://www.zerohedge.com/news/2014-11-14/gold-silver-are-soaringCharts: Bloomberg
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