Silver Selloff Intensifies- Breaks $29

Silver is now down over 3.5% during early Asian trading, and has just crashed through $29.  With the cartel likely to pile on the paper at the LBMA and COMEX open, silver may test last Thursday's lows.
Notice that percentage wise, silver is currently down 5x as much as gold, which is down merely .72%. 
The silver/gold ratio has widened to 55.3/1, and appears to be targeting 60/1.  While the silver/gold ratio is nowhere near the extremes seen in 2008- it is now a very attractive ratio for the conversion of gold bullion to silver.

SPOT MARKET IS OPEN ( closes in 16 hrs. 8 mins.)
	Metals	Date	Time (EST)	Bid	Ask	Change from NY Close
	GOLD	12/19/2011	01:07	1587.70	1588.70	-11.50	-0.72%
	SILVER	12/19/2011	01:07	28.69	28.79	-1.05	-3.53%