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 to gold. And in fact, in bull trends like 1979, 1980, uh 2010 and 11, silver got up to three, three and a half and higher the price of gold. Well, right now silver's 1.12%. Okay, still dirt cheap. It got under 1% recently, which is historically very, very low level. When you see that, buy it. But when that spread turns up, and it's been turning up sharply. Well, just for example, this year, people don't realize this. Silver's up 42% on the year today. Gold's up 37%. And yet, most people still think

silver's lagging. It's not. It's catching up to gold. And there are certain technical levels not far above where we're trading right now that if silver spread versus gold can reach those levels. The spread chart and the momentum of the spread chart, which is what we look at, both technical metrics, have very clear pending triple top breakouts, meaning levels that they've stopped twice before. And if you punch up through that, these levels go back several years, by the way, you're

breaking out big time. So if you looked at these charts, these spread relationship charts, you and treated it as a price chart, you'd say, "Oh boy, you break through that, I'm going to blow the cork off this thing." The spread is about to do that, I think. And when it does, I think in the next handful of months between now and the end of the year, silver's likely to be in the 60 to $70 price range. And I think the surge will also carry us highly likely to a 2% level, which again

is routine. Well, that's a huge move because we're talking almost doubling the current relative value of silver to gold very rapidly and going up to that quote normal 2% level because we're like I said 1.12% right now. So anyway, I think there's a huge explosive potential in silver coincident with the rise in gold but advancing more so and so that's why my personal emphasis is in the silver aspect of the monetary metals. Welcome to Gold Silver News, your go-to destination for all things economics and

finance. Whether you're an experienced investor, an inquisitive student, or just someone who wants to stay ahead in today's everchanging economic landscape, you've come to the right place. I've been working on a private road map for viewers who are more focused on protecting their wealth than speculating in uncertain markets. I'll share it at the end for those interested. Now, we'll show you the best clips of the latest interview. But first, smash the subscribe button, hit the like button,

and send us super thanks if you find our daily recaps valuable. Enjoy the episode. >> I think it's it's really relevant. Yeah, as I said, you know, so many years have passed that the real value of the money unit that we're measuring by the dollar in this case, or you could do it with euros or anything else is is just meaningless. The decay in the dollar has been so great that again to match the real converted value of silver in 1980 at 50 bucks you'd easily have to be a couple hundred maybe more and even 2011

you you well over a hundred I'm sure. So it's those are really sort of jokes and I I our assessment is that one I don't know how high silver is going. I think it could go into the hundreds 100 to 200 would not surprise me but we're taking it in segments and uh my own personal investments which we show at the end of each report the disclaimer uh are heavily in silver silver miners as opposed to gold. Okay. Though gold is the mama, it's going up. Silver has both outperformed and underperformed gold on

a routine basis over the over the decades. And if you go back 50 years and look at what is the highest relationship of silver to gold in any one of those given years and plot it, we have a graph we put in the local latest report. 2% meaning divided an ounce of silver into gold. silver was 2% of the value of gold in 20 of those 50 years. So it's almost it's not absurdly, you know, to be unexpected to see silver at 2% the price of gold. And in fact, in bull trends like 1979, 1980, uh 2010 and 11,

silver got up to three, three and a half and higher the price of gold. Well, right now silver is 1.12%. Okay, still dirt cheap. It got under 1% recently which is historically very very low level when you see that buy it. But when that spread turns up and it's been turning up sharply. Well just for example this year people don't realize this. Silver's up 42% on the year today. Gold's up 37%. And yet most people still think silver's lagging. It's not. It's catching up to

gold. And there are certain technical levels not far above where we're trading right now that if silver spread versus gold can reach those levels. The spread chart and the momentum of the spread chart, which is what we look at, both technical metrics, have very clear pending triple top breakouts, meaning levels that they've stopped twice before. And if you punch up through that, these levels go back several years, by the way, you're breaking out big time. So if you looked at these charts, these spread relationship

charts, you and treated it as a price chart, you'd say, "Oh boy, you break through that and I'm going to blow the cork off this thing." The spread is about to do that, I think. And when it does, I think in the next handful of months between now and the end of the year, silver's likely to be in the $60 to $70 price range. And I think the surge will also carry us highly likely to a 2% level, which again is routine. Well, that's a huge move because we're talking almost doubling

the current relative value of silver to gold very rapidly and going up to that quote normal 2% level because we're like I said 1.12% right now. So anyway, I think there's a huge explosive potential in silver coincident with the rise in gold but advancing more so and so that's why my personal emphasis is in the silver aspect of the monetary medals. First off, we I don't look at it that much and I try not to, okay? Because I I don't want to be distorted by a notion of fundamentals. Why? Because quite

often fundamentals, even if they're true, even if your assumptions are correct, that doesn't tell you about the timing. >> Mhm. >> You could be right and not be right in terms of price reaction for two years. Okay. And do you remember the movie uh The Big Short? >> Yeah. >> The guy these three or four analysts around the country, different guys didn't know each other, all came up with the same conclusion. and there's going to be a mortgage crisis. There's no way

around it. They pounded the table. Okay, that was 2005 2006 and it wasn't until late 2007 that the stock market finally topped and it wasn't until 2008 finally that they said ah I was right. So you get the point fundamental touch >> u silver does have certain unique you know we know the industrial aspect it used to be you know you take a picture that silver was a key factor in photography now it's a key component of solar cells uh and it's also as I understand essential in the big AI explosion

because silver is such a good conductor okay well the the numbers that I've seen and I don't know the validity they probably are because I see them from too many places of supply demand on the industrial side is is very tight. Annual production of silver is not increasing. It's plateaued and demand is continually increasing. Uh and by the way, China is one of the chief um demanders of silver because they're like 80 90% of global solar production solar panels u which silver is essential. Um,

so anyway, that that could become a factor where, you know, let's say we cross 50 and CNBC needs an excuse to explain it. Okay. And uh that's a good excuse. Oh, well, you know, the industrial demand. Well, that's that's true now, but sometimes it takes a while for that reality to finally be used as the excuse. Uh the bigger issue is silver is money just like gold. A lot of people like to treat it as not monetary metal but history shows it has been. In fact, the US has had silver as official

money too. So uh I think the crisis we're facing in global assets, global suffering, economic suffering, not just us, uh is going to be such that you're going to get a lot of things thrown up in the air in doubt where you doubt the validity of a certain institution to provide what it's supposed to provide like the central bank. uh you suddenly realize the value of the stuff in your wallet is decaying so rapidly it's ridiculous. Um you know as I said your grandfather, father and you

house cost you know loaf of bread price when I was a kid it's you know it's no longer 20 cents. Okay anyway there's there's a point at which the pain gets so bad that it's 52 card pickup and I think the stock market will be a big key in that. Why? Because right now if you look at let's say the average guy who's got a retirement account maybe it's through state government pension fund or whatever no it's if he looks at it nominally and it's been going up because

if it reflects the S&P then it's been going up okay not a lot by the way over the last year but you know singledigit percent still it's the only thing he's got to smile at everything else in his life is questionable uh cost of things are going up etc etc And when that goes down, then it's oh hell, what's good? All you need then is some layoffs, etc., etc. And suddenly the average guy instead of a sense of expectation is a sense of doubt and that creates fear. And when you create fear,

the tone of markets change and that's when institutions can get overthrown, ousted, abolished. And so it wouldn't surprise me that in a year or two there's no Federal Reserve. Uh if the economy gets bad enough, which I suspect it will, there may not be any income tax simply because it doesn't function. They go to a sales tax, etc. All kinds of things can change in big ways. I think that's the kind of situation we're facing now, pending. >> We utilize the Bloomberg Commodity

Index, which is a reasonably wellbalanced gauge. It's not overly weighted toward energy like some of the others are. Okay. Uh it has been it established a peak in 2008 and again in 2011 coinciding with gold back in 2011. And back then those peaks were 230 something on the Bloomberg and 17ome right now. Bloomberg initially after that in 2020 after gold had already doubled. Bloomberg kept declining. So it wasn't aligned with gold. Gold doubled between 2015 and 20. Bloomberg kept sliding until 2020 and moved into the

50s. Something was in the 200s got into the 50s. So you call inexpensive. That's a category that became inexpensive. And I'm saying it was fairly representative. Crude oil decline, you know, grains, etc. Since then, it recovered. In October 2020, we identified a bull advance upward. It moved to 140. still inexpensive, but it doubled. Okay, it has since retraced in 2023, 2024, and now to 100. And it's been completely dormant sideways for 2 and 1/2 years on the price chart. You observe it and say,

gosh, nothing's occurring here. It's not dropping. It's not rising. When we go within the Bloomberg and examine the key components like the grains or crude oil for instance and conduct a momentum analysis of Bloomberg commodity index plus component sectors in the commodity category, we see pinning upside breakout thresholds that appear dynamic. Meaning that as gold has been climbing, commodities have not. They appear like they're ready to accompany gold this time. Which is precisely what occurred

in the late 1970s late in the gold bull trend. They abruptly said, "We're here, too." And they rose explosively while the stock market was falling. By the way, they look prepared for that. Crude oil right now is trading a 61 to 65 range for the last couple weeks. WDI crude futures next quarter, I'll provide you a figure. It doesn't appear on a price chart as being tremendously significant at all. $68 monthly close during next quarter. and I'm going to break out above a quarterly momentum

trend framework that if you saw the momentum chart which doesn't resemble the price chart, you'd say, "Oh boy, I got to be long that beast." If it breaks out, the commodity complex appears positioned to turn upward. It may pause a bit because quite often it's capital flow issues. It's not just the particular fundamentals of corn or oil. For instance, if the equity framework begins to fracture, money moves somewhere. If they believe that commodity stocks and commodities are

dirt cheap and not dangerous because they're not declining, they've been existing for two and a half years sideways. Money could flow into that category and suddenly you could push oil upward and not even require an explanation. It's simply that it's too cheap, too long. I think that's about to occur. It hasn't occurred yet, so don't jump ahead. But when we cross our various levels, we're going to raise the signal and say that's it. commodities are now joining in. Now that will

generate further disruption to the average person because he was assured that oil was going to remain down and that gasoline at the pump was going to remain low. Well, you take crude oil up to 68 next quarter and close a month there, it ain't going to remain low. You're going to get a sudden surge in gasoline prices and that's going to disturb again a perception of stability that isn't a stable condition. And that disturbs people because hey, if nothing is certain, then everything's in the

air. And what does that generate? Panic, uncertainty, and sharp market fluctuations. The dollar index, which is what most people monitor, is 70% composed of euro and yen. So what you're doing is you're observing the euro and yen inverted basically. Also the British pound, Canadian dollar, Australian, etc. But the primary waiting is the euro and the yen in that order. Okay, the dollar index right now is trading at 97 and a half as we speak. Okay, you go back 10 years to December of 2015 when gold made

its bottom at $1,050. The Bloomberg Commodity Index is where it was, where is right now 10 years ago, but you could draw a line sideways. Yeah, it's been above it and below it, but it's net for 10 years sideways. And yet, gold has tripled in half. So, if you're in gold, don't pay excessive attention what the dollar is doing daytoday, week to week, or even monthtomonth. But when it becomes a destabilizing factor and for instance the dollar index in 2023 and 2024 was completely sideways between 100 on the

dollar index and about 107 108 reach 110 briefly but it was within a narrow 7% range for over 2 years totally dull a non-factor in global money movement terms of creating impact. In March of this year it dropped back down to 104.21 21 after being up to 110, a false breakout, but down to 104.21. It has since declined to 97 recent lows. We became bearish at 104.21 on a long-term basis. We maintain that the dollar is now entering a major bare trend, dollar index relative to these other pieces of paper and is likely to

move back down, even challenge its all-time low down in the 70s. major move in other words. So suddenly forex major forex which has not been an active mover for a couple years 23 24 no movement is suddenly now a participant. Okay. So if you're a foreign investor and you invest in US bonds or you allocate money in the US stock market as many of them have over recent years. If you get hit by the dollar S&P goes sideways but you lose 7% in the dollar. you know, you've lost that money because you have to convert

it back to euros to utilize it. So, it could influence other markets and it's not really gotten rapid yet, but I think it's going to get rapid soon, meaning the downside becomes more noticeable, but we're major bearish on it and I think it'll become a participant again in world market movement. Yes, valued viewers, now I will share today's developments in the economy and precious metals. Let's kick off with the stars of the show, gold and silver. Spot gold is climbing back today, up about 2% to

around $5,175 per ounce after a sharp drop yesterday amid dollar strength. That's a rebound from a low of $5,041, but still down from recent peaks over $5,400 as markets digest the Iran conflict. Why the volatility? The war initially boosted safe haven demand, pushing gold higher, but a surging US dollar and profit taking flipped the script, leading to a 4% tumble on Tuesday. Experts seem more upside ahead. Some predict gold topping $5,500 soon, driven by geopolitical risks and central bank buying. Silver's riding the

same roller coaster, jumping 4.5% to $85.74 per ounce today after an 8% plunge yesterday. It's now at $85.3 in some quotes, up from lows around $81, but way off January's $120 high. Silver's surge this year, over 195% in spots, stems from AI and green tech demand, plus export curves from China, making it a strategic metal beyond just a gold alternative. If tensions escalate, like with Iran's threats on the straight of Hormuz, expect these metals to shine brighter as havens. Shifting to the US economy, it's showing

resilience but facing headwinds. Fourth quarter GDP growth slowed to 1.4% annualized, hit by last year's government shutdown, the biggest spending drop since 1972. Still, consumer spending and business investment in AI and equipment keep things humming with productivity high. Inflation's heating up, though core pressures eased late last year. Markets clawed back today after early losses, but oil surge from the Iran war is a wild card. Gas prices are spiking, undercutting Trump's recent boast of

sub-doll 230 per gallon in many states. Treasury Secretary Bessant confirmed a new 15% global tariff kicks in this week, aiming to reset trade, but risking higher costs. February jobs data drops Friday. Economists I 130,000 gains after January surprise. Overall growth could rebound to 3 to 4% by early next year, but shutdown scars linger. On the world stage, the Iran wars rippling everywhere, threatening a profound shock with energy spikes and inflation. Oils jumped past $80 a barrel, adding a $14

fear premium as Iran's reprisals hit bases and tankers. Asia's hit hard. Korea's Cosby plunged 12% triggering halts while Japan fell over 4%. Europe's gas prices surged 45% bracing for shortages if Qatar halts LNG. Israel's economy could lose $2.9 billion weekly from restrictions and reser callups. China's national people's Congress meets this week, unveiling 5-year priorities amid slowing growth. They'll likely stimulate to hit targets, but tariffs cloud the outlook. Global growths

dipping to 3% in 2026 with trade policies and inflation persisting. Trump pledges to secure Hormma's shipping, but a prolonged fight could ignite a crisis. Viewers, these twists could reshape portfolios. Stay tuned for more. If Gold and Silver's wild ride excites you, hit like and subscribe for daily updates. What's your take on the war's market impact? Drop comments below. >> If your priority right now is not chasing returns, but protecting what took decades to build, I've put together

a private road map linked below. If your priority right now is not chasing returns, but protecting what took decades to build, I've put together a private road map linked below. Go.