Today we will look at how silver and gold have started the year and, most importantly, where they are likely headed based on current respective valuations versus historical precedence.

For example, the US stock market is still historically overvalued based on a range of long-term data sets. Wall Street Legend Burton Malkiel hurt stock market bulls' ears today by stating the following on CNBC.

The CAPE Ratio he cited is still at historically high levels, and +5 to 6% returns over the next decade are likely to underperform real price inflation by more than half as the fiat Federal Reserve note is poised to go into a secular bear market. With commodity values melting higher versus paper assets and bubble real estate valuations to come.