$60 silver

Disclaimer:  Nothing in this blog post, or in any other post on this site, should be considered personal investment advice.  It's all just for my own entertainment.  And your entertainment, too, if you happen to be entertained by it.  If you want financial advice, hire a financial advisor.

 

An ounce of silver will now set you back just over sixty bucks.  New all-time high for the precious metal.

A barrel of oil, meanwhile, is currently around $58.  You can buy a whole barrel of crude with just a single silver coin.

This ratio is, historically speaking, completely out of whack.  The silver-to-oil ratio has only been more than one twice in recent decades.  The last time was in the 1970s.

 

 

https://www.macrotrends.net/2612/silver-to-oil-ratio-historical-chart

 

My own portfolio is already a bit overweight in oil stocks, but I picked up some shares of Exxon this week anyway.  I figured I might as well collect that dividend while I'm waiting to see if any capital gains happen as a result of this pricing imbalance.

Also of note on that chart is the thin gray line next to the 1970s spike.  This silver/oil imbalance was the prelude to a brief recession.  Just something to keep in mind for the coming months.  Furthermore, it seems like a spike up is a prelude to a recession whereas a spike down looks like it might be a broader stock market "oversold" signal.  I'd have to do a little more digging into the charts to be sure, though; this is just "at first glance" analysis.

Got through November

I had a bunch of things going on in November.  It's not stuff I want to share publicly, so I won't go into detail, but it was kind of a hectic month.  I got through it, though, and everything turned out okay.  I love it when a plan comes together.

For those of y'all who celebrate Thanksgiving, I hope you had a good one.  Christmas is coming up sooner than you think, so make sure you take some time to look at other people's decorations while you can, because it's always good to stop every now and then to smell the roses, and looking at Christmas decorations is the December equivalent of that.

I haven't done a stock market post in a while.  I should probably do one soon.  Spoiler alert: Everything's overpriced.

Written Word Media sent out a couple of emails recently warning about scammers targeting authors.  Nice of them to do that.  As book promotion companies go, they do lots of things right, and I like them a lot.

That's all for now.  Hope you're all making it through the holiday season without losing any hit points, and if you're in America, this is your reminder to make sure you're prepared for next weekend's big freeze.