I agree with what Micallef, but at the same time I think SEs can only give you so much weight from relevant blogs. Simply because they can not accurately determine what a relevant link is.
Of course a marketing website linking to a marketing website is relevant, but what about linking from a Playstation 3 website to a Call of Duty site? Or a Health blog to an Acne Treatment site? Just because the niches don't include the same keywords and key phrases doesn't mean they're irrelevant. And similarly 'healthy ageing' and 'domain ageing' include two of the same keywords, yet are completely irrelevant. There is no way they can accurately keep track of the relevance of keywords.
Of course they can. That is the sole purpose of search engines, to measure relevance. They have ever growing methods to measure and track keywords. Their algorithm is THE most important asset that they have, the corner stone of thier business. There are lot of comments here that are written in such a matter of fact way as if they KNOW this algorithm. You don't know SHIT we don't know SHIT, we can only guess and test and even then it will probably change.
I am not going to tell you the answer coz I don't know, but the way I think of things is by trying to think like the owner of a search engine would. How would I determine the relevance of a backlink when assesing the relevance of a site. If you can answer this then you are closer to understanding the algo.
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