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Chart of the day is...

...the second look at the gold/copper ratio this month:

On May 4th we asked "how low can it go?" and as it happens, that day was the low. Probably just a coincidence. So I suppose the question now is to wonder how high it can go and more pertinently, whether it'll go higher via gold upping or copper downing. As things stand today, the latter seems more likely.

PS: And just so you know, at some point today it'll get to the stage when I see the word 'lasagna' in the title line of an e-mail and won't even bother opening it. Thank you for your kind comprehension.