If you look at the % gains of gold vs. silver in the past 3 months, silver has outperformed gold by 17%. But, no one seems to care or notice silver.
During the run of the past 2 months, silver when from (rounded) $17 to $23 and gold from $1155 to $1355 an ounce. That is $6 for silver and $200 for gold.
1155/17 = 68 ounces of silver. 68 times 6 = $408 profit vs. gold's $200 Yet, everyone is focused on gold.
I guess it comes down to big/small number perception. A $1000 stock dropping 50% to $500 is more dramatic and noticeable than a $3 stock dropping to $1.50 when looking that the price alone and not percent gains.
The reason for writing this is, even today, I think silver will outperform gold in terms of % gains, but will go unnoticed for quite some time.
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