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<p>[QUOTE=&quot;SilverSurfer, post: 1041040, member: 21603&quot;]Gold 1365, Silver 27.75.&nbsp; This puts the ratio at 49:1.&nbsp; Wow!&nbsp; I thought we would get back here, but now it is starting to look like things might be over correcting.&nbsp; This could be normal, as you can&#039;t push something too far in one direction without it swinging back harder than it normally should.</p><p>&nbsp;</p><p>The reason the silver to gold ratio is important, and say more important that silver to zinc, or silver to oil, is because 90% of the price action of silver is attributed to price movements in gold.&nbsp; Hardly ever do you see gold dropping $100 an ounce at the same time silver is gaining $2.....this just doesn&#039;t happen.&nbsp; Have you seen gold go down while oil goes up...sure.&nbsp; Have you seen zinc go up as silver goes down, definitely.&nbsp; But gold and silver track each other.</p><p>&nbsp;</p><p>So, why the strange 80:1 ratio we saw earlier this year and last year?&nbsp; Market manipulation?&nbsp; Who know.&nbsp; But it was obvious that something in the ground on a ratio of about 20:1 shouldn&#039;t be selling for 80:1.&nbsp; Its just common sense.&nbsp; </p><p>&nbsp;</p><p>There is something going on right now that is forcing this correction.....entities are taking physical delivery of their silver instead of leaving it with COMEX and holding a silver paper contract.&nbsp; In June there were about 110 million ounce of silver in COMEX to cover 600 million contracts.&nbsp; Recently, there is about 100 million ounces of silver in inventory to cover 725 million contracts.&nbsp; COMEX is doing all it can to satisfy it&#039;s obligations to fill these contracts with silver delivery when asked.&nbsp; The day they opt to use cash to settle the contract is the day silver soars![/QUOTE]</p><p><br /></p>

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