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When pairs diverge, a silver lining emerges
Gold and silver appear to have undergone a divorce, and we can no longer trade silver as a proxy for gold
Add BT as a preferred sourcePublished Fri, Apr 5, 2019 · 09:50 PM
FOR first-time European tourists, Singapore is seen as a Chinese city. As tourists travel more widely, they change their opinion and see Hong Kong as a Chinese city.
When they travel more, they discover Hong Kong is not Beijing nor Shanghai. Mainland China is different.
Tourists learn these lessons more quickly than some investors, many of whom believe that the Hang Seng is a proxy for mainland markets.
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