Fresnillo stock not really confirming silver’s dive. Fres:Silver ratio near a high.
I just looked at my one silver stock, senior miner Fresnillo thinking it will have collapsed and it hasn’t. In fact it is well above where I had expected given the last 2 days’ relative carnage in gold and silver:
http://stockcharts.com/h-sc/ui?s=FRES.L&p=M&st=2010-04-04&en=2016-10-05&id=p02097917506&a=312811263
and it has outperformed silver handily in recent days.
Just mentioning this because not many people have looked at ratios in the last couple of days. Actually the stock to silver ratio hit a high for this present bull market yesterday before pulling back: