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The gold-silver proportion will likely drop to 60 in the medium term as gold remains to lag while silver outperforms, claimed Phil Streible, primary market strategist of Blue Line Futures.
" I think that all of a sudden silver is mosting likely to separate from gold and start to travel with platinum and copper and be what it truly is, which is this eco-friendly energy steel," Streible claimed.
0:00 – Gold rate moves
3:08 – Where did cash flow right into?
4:45 – Gold-silver proportion
7:57- Gold and silver
10:26 – Alternatives to gold
11:44 – Petroleum
15:45 – Mining stocks
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All-in gold doesn’t make sense; silver, crude oil are the real winners – Phil Streible
The gold-silver ratio will likely drop to 60 in the medium term as gold continues to lag while silver outperforms, said Phil Streible, chief market strategist of Blue Line Futures.
"I believe that all of a sudden silver is going to disconnect from gold and start to travel with platinum and copper and be what it truly is, which is this green energy metal," Streible said.
0:00 - Gold price moves
3:08 - Where did money flow into?
4:45 - Gold-silver ratio
7:57- Gold and silver
10:26 - Alternatives to gold
11:44 - Crude oil
15:45 - Mining stocks
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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