Monday, July 26, 2010

Chart of the day is...

...the gold/silver ratio:
Two weeks since the last peek at the GSR and TheNewNormal still firmly in place.

UPDATE: Reader 'JL' in Japan writes in:
"...what is the significance of the gold-silver ratio? What does it mean (economically speaking) when the ratio is high and going higher (such as 66:1) or going lower? Is this something to do with inflation/deflation or the general markets, etc. ...... if you've written about it somewhere please let me know."

Yeah, we had some rough scribbles on the meaning (for want of a better word) of the GSR in this post last year. Click away, esteemed lector :-)