Sideways week in terms of fiat US dollar price action for both silver and gold price discovery derivatives.

The spot price of silver sold off to close the week’s trading and will finish just below 15 fiat US dollars per troy ounce.

The spot gold price touched as high as $1,357 only to sell off into a close just over the $1,340 fiat Federal Reserve notes per troy ounce.

The gold-silver ratio finally cleared and closed above the near 30-year high-level mark, with it now costing about 90 ounces of silver to acquire 1 ounce of gold. In the coming months, we’ll likely find out if this crucial ratio can distort to all-time record levels over 100, only reached during the 1930s Great Depression.

Coming up, we’re going to get a big picture tour of the global economy from a returning guest, Mr. David Jensen of Jensen Strategic consulting. If you are charts and data person, or someone who subscribes to more common sense economic theories, you won’t want to miss Dave’s contributions to this week’s podcast.

Weekly Bullion deals