This kind of dislocation only happens at extremes, the kind that shakes portfolios and forces central banks to act.
The rarest signal in commodities just triggered.
An ounce of silver is now worth more than a barrel of oil.
The last time we saw this ratio flip was during the absolute peak of the 2020 crisis.
It is a massive dislocation. The market is effectively saying that the… pic.twitter.com/OnqBUXfwnV
— Kyle Chassé 🐸 (@Kylechasse) December 23, 2025
Let’s be honest with ourselves here
The parabolic moves from precious metals are a concern
(Not for holders)
It’s an indication that the market is not the place to park your capital
What’s happening now with metals is a clear warning sign
Something we have called for before…
— The Long Investor (@TheLongInvest) December 23, 2025
"The past 20 years were quite bullish for Gold, Silver and Platinum during the Santa Claus Rally. Gold up 95% of years, Gold Miners up 85% of years, Silver up 85% of years, and Platinum up 80% of years."@TheMarketStats pic.twitter.com/mXFghSbozO
— Daily Chartbook (@dailychartbook) December 24, 2025
Gold is surging
https://www.kitco.com/charts/gold
Grok:
Historically, silver per ounce exceeded oil per barrel in 1980 (amid inflation and recession; Fed raised rates under Volcker) and 2020 (COVID recession; Fed cut rates to zero, launched QE/stimulus).
No official recession declared now in 2025, but this rare flip often signals economic stress. Fed could step in via rate cuts or QE if data shows slowdown, as seen in recent easing signals. Recession may loom if trends persist.