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Craig Hemke: The strange correlation of Comex silver and GDX
By Craig Hemke
Sprott Money, Toronto
Tuesday, January 25, 2022
As we all await the latest Federal Open Market Committee mutterings on Wednesday, I thought it might be fun to write this week about something you may not have noticed. And what's that?
It's the curious yet almost 100% long-term correlation between the price of Comex silver and the price of the popular gold mining share exchange-traded fund with the symbol GDX.
Now on the surface you wouldn't expect these two to be so closely correlated. And why would you? Why would the price of Comex silver be in any way connected to the prices of shares in major, producing gold mining companies? ...
... For the remainder of the analysis:
https://www.sprottmoney.com/blog/COMEX-Silver-and-the-GDX-Craig-Hemke-January-25-2022
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