Eurodollar University HOLY SH*T! Did You See Commodity Prices
Jan 6, 2026
Commodity prices are experiencing wild fluctuations, with silver soaring due to a speculative squeeze and shifting supply dynamics. Copper is facing multiple supply shocks, further driving its parabolic price rise. However, the copper-to-gold ratio indicates deflationary trends ahead. Meanwhile, oil markets reveal a concerning inventory glut, with key spreads flipping to contango, highlighting weakening demand. The interplay between these commodities suggests deeper economic implications that are worth watching closely.
AI Snips
Chapters
Transcript
Episode notes
Gold Signals Deflationary Fear
- Gold rallies reflect safe-haven demand from deflationary and economic stress, not dollar debasement or inflation fears.
- Jeff Snider links gold's moves to monetary tightening, collateral stress, and risk aversion across the Eurodollar system.
Avoid Chasing Parabolic Silver
- Avoid loading up on silver purely because it's rising; the stretched gold-to-silver ratio is a short-run danger signal.
- Recognize that Eurodollar monetary tightening could trigger liquidation across commodities quickly.
Gold Tracks Fear Not Inflation
- Gold's 2024–2025 spike tracked a deflationary outbreak and investor fear, then faded as that fear subsided despite inflation talk.
- This behavior shows gold responds to depression economics and collateral stress, not mainstream inflation narratives.