reliance on past indicators is dangerous. as you know, every cycle is different so pointing to the gold/silver ratio as some sort of predictor isn't rational.
.......
Peter Schiff was badly wrong in 2008 esp in regards to pm miners and emerging mkts. we've entered phase 2 of the deflationary decline. this could wipe him out.
Contradiction?
Implode-o-Meter blog explains why they believe the PM's market won't repeat the 2008 scenario:
http://blog.ml-implode.com/2011/08/watch-goldsilveroil-price-ratios/