We hit an ATH again today. As you can see we have entered the parabolic stage of the move similar to 2008-2009. However, I do not think we will see as much of a parabolic move this time. In contrast to 2008-2009, this ratio has steadily climbed over the last 8 years. Additionally, silver has fallen at a much faster rate than gold as of late and I do not see more than another 10% downside in silver which if it coincides with another 10% downside in gold to $1400 (see both my silver and gold ideas posted previously). Silver will lead gold on the next run which should cause this ratio to normalize and come down to levels that we haver seen as gold and silver have entered the more mature phase of they bull markets. As you can see in my silver chart, silver has not taken out the downtrend line confirming its bull market.