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Chart of the day is...

The gold/Silver ratio, three year timescale:

Zeroing in on the right-hand side of the squiggly line, it's interesting to note how the gold/silver rato has kept pretty steady these last couple of months, not moving out of the 50X to 55X band while gold has dropped hard (gold has seen London Fix  highs of $1795/oz and lows of  $1574/oz in November and December). Potential conclusions to draw from the steadiness of the ratio:
  • The influences have been strictly monetary, with the pure asset metal and the asset/industrial metal affected more or less equally.
  • It's been a waste of time following this ratio chart recently.

But hey, WTFDIK anyway?