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Chart of the day is...

...the last few months of the gold/silver ratio:

For a while in Febraury silver improved in relation to gold and scraped back to under 60X, but it was a classic false dawn for those normal, well-adjusted people we know as love under the title 'silverbugs'. So silver's continuing to perform badly in comparison to gold, that's a fact and you'd need to be blind to deny it. The question is why. The answer is probably a combo of how it's really easy to mine an ounce of silver compared to an ounce of gold these days, plus how silver is a commodity that reacts to annual supply, while gold isn't and doesn't.