A little update for those interested:
At 4:18 P.M. EST September 23, 2011, Gold has fallen to $1,649.10 and Silver has fallen to $31.00. Measured from the NY Close on September on September 20,2011, the percentage declines in the two precious metals are as follows, for a 3 day time period:
Gold - 8.62% decline
Silver - 21.99% decline
Hence, between the NY Close on September 20, 2011 and 8:53 A.M. EST September 23, 2011, Silver declined 2.55 times the amount of Gold’s decline.
Futures Trading of commodities must have serious flaws if a precious metal with stable supply and demand fundamentals can fall 21.99% in value in 3 days.