"... Commodities fell to their lowest in almost 10 months and silver tumbled below $28* for the first time since February on speculation Europe’s debt crisis will worsen, curbing raw-material demand. Copper plunged below $7,000 a ton for the first time in more than a year. … Cash gold fell 3.2 percent to $1,604.43, more than $300 below its record $1,921.15 an ounce on Sept. 6, after earlier today touching $1,532.72, the lowest level since July. ..." From: http://www.bloomberg.com/news/2011-09-26/commodities-drop-as-silver-slumps-on-europe-debt.html before NYSX open on 9/26/11. --------------- *For immediate delivery, Silver is at: $27.3475/ oz. But hit low of 26.07/oz Thus at their lows the Au / Ag ratio was 1532.72 / 26.07 = 58.79, far from my predictions of few months ago. It is interesting to compare the first sentence (commodities, gold, etc. collapsed because of expected slowing growth & EU fears etc. with: Where the explanation for rapid rise is also because of expected slowing growth & EU fears etc. Conclusion: No one has the slightest idea why the price of gold moves as it does. But they will quickly tell you why it did.