Wednesday, August 07, 2019 9:44:09 PM
Stansberry Digest comments
...Last, but certainly not least, you may have noticed precious metals are surging...
Of course, we've been following the big breakout in gold for months now. But this move appears to be strengthening. As you can see in the long-term chart below, gold touched a fresh six-year high above $1,500 an ounce this morning...
Better yet, it looks like silver is now joining the "party," too.
You see, if we've had one major criticism of the gold rally to date, it's that silver has been underperforming gold. That's unusual... During big precious metals bull markets, you typically see the opposite. Silver usually leads gold to the upside.
Again, that hasn't been the case in this recent rally so far. But that could now be changing...
Since the latest pullback ended in May, gold is up a little more 17%. But silver is up nearly 20%. And it just had its best day of the year today... rallying nearly 5% to more than $17 an ounce.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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