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…
Charts: Bloomberg
via Zero Hedge http://ift.tt/11oa4bv Tyler Durden