macrocephalopod

Oh look, gold and platinum are also rallying with silver. I wonder why.

Do you think it might be because {gold, silver, platinum, palladium} are *always* correlated with each other on account of being driven by very similar macro factors? It would be a much bigger story if they were moving in opposite directions.

Gold was up on 82% of days that silver was up over the last ten years. Platinum up on 74% of days that silver was up, palladium up on 70% of days that silver was up. This is not "memetics" it is plain boring old correlation.

Err calling it a correlation doesn’t explain any causal factors of why they correlate. In this case do you think macro factors drove gold and platinum?

...yes?

What factors drove it today except #silversqueeze?

Real yields, inflation expectations, US dollar? A simple 4-factor model for gold return implies it shd be up about 4% from Fri based on move in silver, dollar, real and nominal yields vs 1% in reality. Ignoring the impact of silver, it should be up ~0.8% which is nearly dead on.