Hello for the lower capital so if you're well so I heard my good buddy Jeff Snyder day talk about the

relationship let's say between the price of gold and the price of silver and the gold or excuse me the price of gold and the price of copper called the gold, or excuse me, the price of gold,

the price of copper, called the gold copper ratio, if you will.

And he went back in time and showed, like during the dot-com bust

and the GFC, what these prices were doing and what they told you about the health of the underlying economy

So I wanted to dive into that a little deeper on a live stream today. I pulled up this article from

C. M. B. C seen which I think you'll find fascinating

we're gonna look at a few charts and then I want to go over another story from the

Wall Street Journal that kind of dovetails on what commodity prices overall are telling us right now.

Let's get over to see and be before we go into this article

as most of you know I believe we're in a commodity super cycle and usually these super cycles

last 10-15 years I think we probably bottomed out in 20-20 when the price of

oil got to negative 38 dollars a barrel But even in these super cycles,

the prices never go straight up.

That's people have the tendency

so look at things in binary terms

as if it's just black and white.

They do the exact same thing with inflation.

Like we have to just have inflation going straight up

from five to 10 to 15 to 20 to hyper-inflation. Along the way you can't have any dips or you have to have just

outright price deflation and you can't have any increases in the

CPI. And we know as prudent investors and people have been looking at the

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