The Weekly Letter

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

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