Silver, it's turned positive in relation to gold. The chart below tells the story. Back in October 2009 one ounce of gold would buy over 80 ounces of silver. From that point on the ratio of gold to silver changed in favor of silver.
As of today, one ounce of gold will buy only 38.3 ounces of silver. Students of the precious metals are wondering how low the ratio might go. There was a long period when one ounce of gold would buy only 16 ounces of silver. The obvious professional play since late-2009 was to sell gold short and buy silver.
Below is a chart of the ratio going back 19 years. You can see that the ratio has broken below the 1998 low. The conclusion -- stick with silver, but don't sell your gold.
