Gold, Silver, Palladium, Platinum Relative Strength Ratios Hit Rare Extremes / Commodities / Gold & Silver 2019

By MoneyMetals / April 03, 2019 / www.marketoracle.co.uk / Article Link

Commodities

It’s possible last week’scascading selling rout in palladium ended its multi-year bull market. Theformerly white-hot metal lost more than $200/oz (but is beginning to rebound).

For now, however,palladium prices remain in a long-term uptrend above the bullishly aligned 20-weekand 50-week moving averages – and physical supply remains tight.


Regardless of whether the palladium market recovers to newhighs in the weeks ahead, it is quite possible that it has peaked in relativestrength terms versus its sister metal platinum.

A few days ago, platinumtraded at a historically large discount of almost 50% versus palladium. Thatdiscount narrowed considerably last week with platinum managing to post aslight gain in dollar terms.

Another relative strengthextreme that may be near a turning point is gold trading at 85 times the price of silver.

The gold:silver ratio ran up to itshighest level since the early 1990s in last week’s trading, rendering silver apotential once-in-a-generation bargain opportunity among the money metals.

Silver is also deeplydiscounted versus the stock market. Last September, silver sunk to a 15-yearlow versus the S&P 500.

The tremendous strengthin equities and bonds in the first quarter of 2019 makes silver once againstand out as extremely undervalued versus financial assets.

Stefan Gleason isPresident of Money Metals Exchange, the national precious metals company named 2015"Dealer of the Year" in the United States by an independent globalratings group. A graduate of the University of Florida, Gleason is a seasonedbusiness leader, investor, political strategist, and grassroots activist.Gleason has frequently appeared on national television networks such as CNN, FoxNews,and CNBC, and his writings have appeared in hundreds of publications such asthe Wall Street Journal, Detroit News, Washington Times, and National Review.

© 2019 Stefan Gleason - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Recent News

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com

Gold stocks down even as metal price rises

August 04, 2025 / www.canadianminingreport.com

Copper market distortions driven by new US tariff policies

July 28, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok