In fall 2012 there was a silver
ratio of 9.2 and gold
of 471. Now there is silver
of 7.6 and gold
of 463, though little changed in terms of inflation
expectations and forecasts of economic growth. This is highly unlikely the current ratio is going to stand for long. Otherwise, the copper
price would untie from the prices of the precious metals! I suggest the copper
is going to get down to 2.9.