Late last week, fiat Federal Reserve Chairman Jerome Powell addressed his fellow western central bank allies and the larger investing world at the annual Jackson Hole meeting… a speech of eight and half minutes, which can be boiled down to the following 30 seconds of hawkish inflation fighting tough talk. So the Federal Reserve is planning to raise its Federal Funds Effective Rate again ahead, currently sitting at 2.33%, as the fiat Federal Reserve note or fiat US dollar continues losing double-digit percentages in real purchasing power on an annualized price inflationary basis when compared to real goods and services. Such hawkish fiat US dollar talk led to further relative fiat US dollar strength exhibited this past week as the dollar gained versus other competing fiat currencies such as the fiat euro, yen, pound, and yuan. The fiat dollar DXY index is currently now at over 20-year high levels, and while we may all be bearish on fiat US dollars long-term, I would bet that most of us would prefer for now being paid in them over other faster devaluing competing fiat currencies currently issued. Commodity price selloffs in fiat US dollar terms of late have been an illustration of the fiat US dollar’s relative strength versus other competitors, which is illustrated precisely here by the relative gold price in 2022 in fiat USD and five other major competing fiat currency gold prices for the year. Only the fiat US dollar price is negative on the year’s performance. Contrasting all this high praise for the fiat US dollar strength, the Russian Federation’s Vladimir Putin has some pointed words about global inflation and why the world is increasingly suffering under a new high inflationary secular regime since late 2019, Jackson Hole Go Direct western central bank agreement to blow out their respective fiat monetary bases in coordination. Have a look at what Putin had to say a month and a half ago. Both the silver and gold spot price markets sold off in this week’s trading, and in a minute, we will look at longer-term charts to get a sense of where low-end bottom support may be found in the weeks and months to come. The spot silver price sold off nearly -$1 fiat note per troy ounce for this week, likely to close just over $18 oz. The spot gold price is likely briefly pierced at the important psychological level of $1700 oz but will likely close around $1715 oz bid this week. The gold-silver ratio climbed to 96 and will likely close this week at 95. On a technical basis, the gold silver ratio appears that without a change in fiat Federal Reserve monetary and US fiscal policy, the triple-digit gold silver ratio test is likely shortly. For silver bullion bulls, note the bottom half of this chart below. The blue line illustrates the gold-silver ratio throughout the full fiat currency era since 1970. using the thin green line, you can see there have only been two other times over the last five decades when the silver spot price was relatively cheap versus the spot gold price. Once during the brutal early 1990s bullion bear market and the early 2020 Covid GSR blowout to Great Depressionary 1930s levels over 120. This is truly a historic silver buying opportunity for long-term bulls. We continue to see massive silver bullion outflows from London (much of which is headed to India increasingly this year), with a float that nation alone could demand in 2023 alone. And then there is the seemingly continually shrinking pile of available registered COMEX silver bullion fractionally reserved and backing that major price discovery exchange. Today, under 50 million ounces, the speed of over 100 million ounces of registered COMEX silver being pulled from that exchange since the early Q1 2021 Reddit Wall Street Silver Squeeze phenomenon kicked off is unprecedented. And so, as you can plainly see, it is not me alone; it is the world at large that is increasingly taking advantage of current fiat US dollar strength, swapping said faith-based currency notes for the hardest historical monies the world has stored value with #GoldBullion and #SilverBullion respectively.