Here is a quick post-close update of the respective equity market contrasts with the gold/silver ratio. I added a performance series for both 1998 and today.
I find it rather interesting that we are traveling across the exact same time window, with very similar price structures for the two sovereign debt crises. The difference today is the more significant losses have been confined to Europe - unlike 1998 where the contagion from the debt crisis was delivered to the U.S. markets in the trojan horse that was LTCM.
The next several sessions should be very interesting.