SFY - Global Monetary And Fiscal Authorities Are About To Open The Floodgates Of Liquidity - David Brady (13/03/2020)
By Leigh Bowden
Since their recent peaks, this is the performance of the following assets:
- S&P -27%
- [[TLT]] -13%
- Gold -8%
- Silver -21%
- [[GDX]] -31%
- [[SILJ]] -54%
Several quick observations here. First, it is clear that the metals and miners have been tracking stocks lately. Both are waiting for the Fed and the U.S. Treasury to announce a combination of substantial monetary and fiscal stimulus. Basically, helicopter money.
Silver has significantly underperformed gold. The same goes for the silver miners relative to the gold miners. This is also reflected in the Gold:Silver ratio, which is