I know I keep writing about metals, but that’s where the action and the interest is at the moment.

Take this chart for example, published by Bank of America and highlighted by Ole Sloth Hansen, Saxo’s commodity strategist.

What is tell us is that silver is at a relative valuation to oil, that we haven’t seen since 1980.

What’s particularly interesting about this, is that January 1980 was the peak of the Bunker Hunt brothers infamous “silver corner “.

The Bunker Hunts made their money in oil, in Texas and Libya but lost most of it in silver.

Back then Silver peaked at $50.0 per ounce and was $11.00 per ounce two months later.

I am not saying the same is happening here but history does have a habit of rhyming .