Kevin Smith & Tavi Costa make the very compelling case that gold, silver and the precious metals mining companies are poised for tremendous upside ahead, as part of the Great Rotation they see coming.

The Fed is trapped and can't raise rates. Tavi Costa firmly believes commodities, silver and the silver miners are primed to move higher.

Several structural problems in the U.S. could cause a slowdown in economic growth soon, with stagflation hitting and lasting for the next six months, said Tavi Costa, portfolio manager of Crescat Capital.

Precious metals are now at their cheapest levels relative to other commodities since 2009. The other two times this ratio reached such depressed levels also marked incredible buying opportunities.

From a market perspective, there was one important lesson from both 1940s and 1970s periods: At times when investable assets yield less than inflation, owning tangible assets becomes imperative. Commodities were far-and-away the best performing asset class in both of those decades.

An ideal setup. The gold-to-silver ratio looks ready to tumble again. It’s what you would expect in a bull market for precious metals.

Tavi discusses why 2021 could be worse due to stimulus and fiscal deficit spending. Governments are trying to hide real inflation in the system because they can't fix it. Oil, gold, silver, and copper all look incredibly cheap right now. In addition, the green agenda makes mining and resource use even more difficult.

The macro stage is set. The genie is out of the bottle. The list of macro, fundamental and technical reasons to be long precious metals today is extensive. It is more than just a “short squeeze” in silver.