Gold Is Flat. Silver Is Down 2.3%. The Ratio Just Told You What to Watch Tomorrow.

Gold touched a two-month high of $4,435 intraday on August 11, then gave it back. Silver fell 2.3%. The gold-silver ratio widened from 66.5 to 67.5 in a single session — five developments explain why, and tomorrow’s July CPI report decides which direction it resolves from here.
