From Allen Sykora
: The rise in the gold-silver ratio is unsustainable and will correct, says Richard Baker, editor of the Eureka Miner's Report. This ratio measures how many ounces of silver it takes to buy an ounce of gold. A rising number means underperformance by silver, and vice-versa. Baker points out that the silver has hit levels not seen since November 2008 during the financial crisis. The ratio was 86.6 Thursday, well above its 10-year average of 66.2. "This suggests silver is very, very cheap relative to the yellow metal, at least in historical terms," Baker says. "The gold-to-copper ratio, although not extreme, is also elevated considering the safe-haven demand for gold has declined from earlier this year."