We caught up with our good friend, Ned Schmidt. Gold and Silver haven’t been this attractive since 2007. Gold relative to the S&P 500 hasn’t been this good since 2007. Silver is now priced below the price of production. Even the Silver to Gold ratio is now relevant. The level is extremely low, silver is so low and attitudes are so bad that people are now spitting on the metals, which means that they’re set up to go higher. It’s just a question of when, but when it does, watch out. We just don’t know what the catalyst will be. Ned believes the dollar topped out three months ago and major movements will be happening soon.
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