Capital Misallocation

Capital Misallocation

Benny & The Squirrel Examine the Connection of the Precious Metals Blowoff & JGB Meltdown

Benny & The Squirrel: Ep. 20

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Capital Misallocation and The Blind Squirrel
Jan 27, 2026
∙ Paid

Benny & the Squirrel recorded this show on Tuesday the 27th of January. I am still working in Dubai this week, which makes coordinating time zones with the 🐿️from over in Dubai for a 7pm Est. live show as difficult as shorting silver is these days.

The 🐿️ and I analyze the extreme volatility in the silver market, the collapsing gold-silver ratio for both spot prices and relative volatility of the two key precious metals. We then pivot to Japan and the recent “YenTervention”, JGB “bear steepeners” and inflation. We ended the show with a discussion on Cocoa and how commodities regularly put in what my buddy & partner Jeff Macke refers to as “Xmas Tree of Death” charts. Enjoy!

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