The Gold Update: Gold Garners Praise, Silver Ablaze but Must the Fed Raise?

Regardless, Silver (94.39) is now (by the opening Scoreboard) +68.5% above its Fair Value (56.03) and Gold (5296) +36.4% above same (3884). To be sure, in periods of market mania — now further exacerbated by geo- political stress — the reality of Fair Value becomes relegated to the dust bin until such time reversion to that mean kicks in. And overvalued or otherwise, 'tis always a pleasure to find the precious metals atop the above BEGOS table. In staying with the theme of the BEGOS Markets, recall a week a ...