Hi Bill,
Attached you can see my little artwork :-).
On the monthly chart of silver combined with the monthly chart of ECU, we see a very high correlation from january 2004 to august or september 2007 (red circle).
I do not understand the decoupling, especially when we take into account the recent resource update and the reduction of the short positions.
Should’t the price be between 4 and 4,5?
Stefaan Moyaert
Belgium Europe