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<p>[QUOTE=&quot;desertgem, post: 1498612, member: 15199&quot;]There is a relationship with&nbsp; of Gold and Silver, but not directly, and not exclusive to other factors, more inclusive with the whole commodity relationship and currency of basis. Medoraman was correct to add the factors of extraction and even oil as a commodity, as it affects the cost of gold and silver extraction, whereas currency relationships affect the price of oil and precious metals. If you plot gold, silver, and $USD vs. Euro on a minute plot, you will have seen the last few days that the USD/Eur ratio changes first, then gold reacts inversely to the USD$ ( while following the inverse Euro) and then silver. I still haven&#039;t figured the lag between gold and silver, except the obvious, gold is higher priced and will be traded with less stop points than silver, so silver floats a short while , and then reacts.</p><p><br /></p><p>So my conclusion as it has been for months is that PM reacts mainly or entirely to currency, and not the reverse. Find thousands of tons of gold will not change the USD/Eur unless it is a government that use PM backing, and as we know, no government does, or will change to it (IMO). But change the value of the USD/Eur down 1 cent and you will see a good movement in PM.</p><p><br /></p><p>IMO.</p><p>Jim[/QUOTE]</p><p><br /></p>

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