AUMN closed at $25.10, with a closing SLV price of $24.93. . . resulting in a AUMN:SLV ratio of 1.0068191.
Today, November 15, 2011, AUMN closed at $7.33, with a closing SLV price of $33.66 . . . resulting in a AUMN:SLV ratio of .2177659.
What a difference a year makes. AUMN falls almost 71% whil SLV appreciates almost 37%.
These markets are a farce, devode of any logic. I think the share prices basically represent where the manipulators push the share price, both up and down. Fundamentals mean next to nothing.
I'm pretty sure ECU was trading over $1 per share a year ago....