This Substack has made several posts and videos about price correlations between silver and gold where the price of gold is raised to the power of 2.5. Let’s take a look again at this strange correlation over the past 12 months. {chart} Above we can see that when gold and silver are plotted together with this power modification to the price of gold, over time the prices track very closely. Below we can see the unadjusted relative price changes of gold and silver over the same time period. {chart} Only when the price of gold is raised to the power of 2.5 does its price action match the wild volatility of silver - and ... (full story)