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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (112984)11/9/2020 10:36:42 AM
From: RWS  Read Replies (1) | Respond to of 116954
 
What's your assessment of today's sell off?

Thanks.



To: Rarebird who wrote (112984)11/9/2020 10:46:20 AM
From: Rarebird  Respond to of 116954
 
Lots of people always ask whether silver is primarily an industrial metal or a safe haven. I always thought it was primarily a safe haven, the sister of Gold.

When push comes to shove, silver is a safe haven first and foremost.

Got the answer again today.



To: Rarebird who wrote (112984)11/9/2020 10:48:33 AM
From: Sun Tzu  Respond to of 116954
 
Rarely XME and SLV are negatively correlated. In fact most of the times the correlation is > 0.75. So for one to go up 5% while the other is down 5% is highly unusual. There is a good trade somewhere in there.


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