In this report I cover the early market action from London on Thursday, July 19th, 2018. I look briefly at the precious metals, the stock market, the dollar, the oil price and the bond market.
I also look at the technical picture for the gold/silver ratio. I note that at the present level of 80 the ratio is very near an extreme level. At present it takes 80 ounces of silver to buy 1 ounce of gold and this level has been synonymous with bottoms in the general precious metals market.
To conclude my report I talk about the political importance of an honest or sound money system based on gold and silver and how human and economic freedom cannot exist without it. I refer to essays written by the late congressman Howard Buffet and the former chairman of the Federal Reserve Alan Greenspan.
"Gold and Economic Freedom" by Alan Greenspan: https://www.cobdencentre.org/2010/12/alan-greenspan-gold-and-economic-freedom/
"Human Freedom Rest on Gold Redeemable Money" by Howard Buffet: https://www.fgmr.com/wp-content/uploads/2017/02/Howard-Buffett-explains-sound-money-4-May-1948.pdf
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