Gold and silver are in the midst of a significant price correction, and with all of the volatility in the markets, it's important to keep your eye on the ball.

By "the ball," we mean the underlying fundamental market dynamics and the trajectory of the economy.

In this episode of the Money Metals' Midweek Memo, host Mike Maharrey digs beneath the recent silver and gold price movements and speculates that there may be more to the recent selloff than just nervous investors worried about an overbought market. It could signal significant strain in the financial system. Along the way, he covers two stories that aren't getting much play in the mainstream financial media - the massive budget deficit and a recent monetary policy announcement by the Federal Reserve.