one for the team
market vibes
December 26…
“A market that clings to its highs implies unfilled buyers below… “
Today is an American national holiday, finally joining the UK’s “Boxing Day,” yet gold ($4,561.00), silver ($75.84) futures, and platinum ($2,476.00) just keep on giving. Fourteen trillion dollars has been transferred to owners of above-ground stocks of gold in 2025. Eighty billion to owners of silver and 13 billion to owners of platinum.
The gold-silver ratio is printing 62 toz silver to an ounce of gold, down roughly 40% from its April high. For reference, it fell 46% from its 2008 high and 42% from its 2020 high (noted in the chart below). In monthly data, the GSR (gold-silver ratio) is valued at dead center in its 50-year history of the point of control. Therefore, relative to gold, silver is now fairly valued and vice versa.
Let’s take a closer look at where we were in the vibe and where we are straight ahead…
