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The Gold/Silver ratio can be an economic indicator as a surge can indicate recession, tightening of credit and the reverse can be true on the downside. Silver's duality as a precious metal and industrial metal sways. A better comparison is the Gold/Copper ratio. In this chart, we compare Gold/Copper ratio, Commodities and the S&P500. Highlighted (in yellow) when Copper outperformed Gold. Stocks were especially strong during those periods and Commodities also performed well. The point is that Gold/Copper is presently a better economic indicator than the Gold/Silver ratio. Don’t assume that a falling Gold/Silver ratio is bullish for Stocks and Commodities. Check the Gold/Copper ratio for confirmation.