More than a few gold (GCM26) and silver (SIK26) market traders and investors, including the veterans, have been scratching their heads at recent daily price movements in the precious metals.
Recently, on trading days when risk appetite in the general marketplace is more robust and the stock indexes are rallying, so, too, are gold and silver prices. And on trading days when keener risk aversion in the marketplace has driven stock index prices solidly lower, safe-haven gold and silver prices have also sold off. This seeming dislocation of what heretofore had been one of the major supply and demand fundamentals (risk-on = bearish and risk-off = bullish) has frustrated gold and silver bulls.
