What Ratios Tell You That Prices Can't

One email a week. The Dow/Gold ratio, gold/silver, real rates — the relationships behind the headlines, each with a source, a date, and a position you can check next week.

What's inside

• Ratios
  Dow/Gold and gold/silver, updated and interpreted — the signal behind the price.
• Context
  One market story read with dates, sources, and the ratio behind the claim.
• Position
  A checkable take — a sentence you can agree with, argue with, or watch come true.

Why a letter?

Markets are noisy; a weekly letter forces you to look at the signal once a week instead of the noise every hour. The discipline is the edge — and the ratios do the recording for you.

See the live market brief → Read the methodology