Comment: Or ...

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Or ...

The silver/gold ratio is near an all-time low, and it could revert to historical means if the price of silver rose sharply. But it could also revert to historical means if the price of gold dropped.

By the way, did you know the copper/gold ratio is near an all-time low, too? http://pricedingold.com/copper/ Both silver and copper could revert to historical norms if both of those rose sharply. Or, both would revert to historical norms if gold fell.

Cotton is another commodity that, relative to gold, is near an all-time low. http://pricedingold.com/cotton/ Reversion to the historical norm could be achieved by silver, copper and cotton all rising dramatically. Or, by gold falling.

Wheat is another commodity that, relative to gold, is near an all-time low. http://pricedingold.com/wheat/ Reversion to the historical norms could be achived if silver, copper, cotton and wheat all rose dramatically. Or, if gold fell.

And more commodities could be added to the list that, relative to gold, are at or near historical lows. Reversion to the historical ratios could be achieved if *all* of them rose sharply. But reversion to historical ratios would also be achieved if just one commodity, gold, fell sharply.

Make of it what you will, but in terms of commodity pricing "one of these things is not like the others" in terms of historical ratios of commodity prices.