Money and Finance
Near Record High Gold/XAU Ratio Prompts Buying in Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another new multi-year high.
In late Monday morning trading, COMEX gold futures were lower by $9.80 at $1,633.00 per ounce while the XAU – a leading composite of the world’s largest precious metals companies - fell 2.5% to 160.08.
At its current level of 10.2, the gold/XAU ratio reached its highest point since the depths of the 2008 financial crisis; the ratio’s all-time high occurred on October 24, 2008, at 10.72.
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Nassim Taleb And Company Optionality…
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Mish Buys A Basket Of Miners
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Benjamin Roth Quotes (gold Standard)
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Greenlight Capital Re's Earnings Call Transcript
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Annaly Salvos: On The Value Of Insurance
How to value gold is an age old frustration. As every schoolboy knows, it yields nothing and so can’t be valued on cash flows. It has very little industrial use. There is, however, a natural human tendency toward the use of currency so gold is an obvious...
Money and Finance