Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🌟Silver Price🌟BIG Update and Silver NEWS!... (Gold Price Too)

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🌟Silver Price🌟BIG Update and Silver NEWS!... (Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:02
  Is a major European country banning?
• 0:05
  The purchase of physical silver through a very popular physical
• 0:10
  silver ETF. But the big.
• 0:12
  Question that we need to ask ourselves is.
• 0:15
  Why? Why would they be?
• 0:17
  Doing that, we're going to. Put the puzzle pieces together.
• 0:22
  And maybe, just maybe, we'll come to that conclusion.
• 0:25
  That there's a big reason. Why they would be banning the
• 0:29
  sale? Of silver.
• 0:31
  In a European country also, I've got an astounding statistic for
• 0:36
  you again about silver. But this relates to gold as
• 0:40
  well. One that, absolutely.
• 0:42
  Knocked my socks off on several different levels and I believe.
• 0:46
  Points us towards the fact. That we're in for some.
• 0:49
  Very, very bright days. In the silver market, but
• 0:52
  you'll. Need to decide that for yourself
• 0:54
  after you. Listen to all the facts.
• 0:56
  Let's talk about what happened. Yesterday, in the silver market,
• 0:59
  it was. Painful.
• 1:01
  They teased us, right They. Started out in the morning.
• 1:05
  The silver price was. Rocketing higher and then it.
• 1:08
  Was a rug pull OK short? Term rug pull.
• 1:12
  Let's take a look at the chart and see what we can.
• 1:14
  See as we examine exactly. What happened yesterday in the?
• 1:19
  Silver market we're. Gonna go out to we're going to
• 1:24
  go out here. Here we go guys.
• 1:26
  Let's take a look at this first. This is a six month.
• 1:29
  Chart of silver. I wanted to have this with the
• 1:32
  cursor so I could show you. Look at that the first three
• 1:36
  months. Flat, flat, flat, flat, flat.
• 1:38
  Remember this was a a, a a a like a descending.
• 1:43
  Wedge or a wedge pattern where silver was caught, we broke out.
• 1:47
  Look at what we've done since March.
• 1:49
  Right, $22.00 all the way up to $32.
• 1:53
  This is what we want to look at. Right here, if we start down at
• 1:56
  March and we draw. A line that goes up.
• 2:00
  This way we are still. Definitely in an upward trending
• 2:05
  pattern we are. Still.
• 2:07
  In a bull market for. Silver now days like yesterday.
• 2:13
  Let me tell you what happened. Those are the scaredy.
• 2:15
  Cats. OK, either they're going to.
• 2:17
  Be scaredy cats or. They're going to be proven wise
• 2:20
  within about 5:00 to. Six weeks if the silver price.
• 2:23
  Does indeed correct back down to let's say the mid 20s, which I
• 2:27
  do not think is going to happen when you think.
• 2:30
  About think about all the supportive factors, right?
• 2:33
  Now in the silver. Market it.
• 2:34
  Just does not make sense. That we go back.
• 2:38
  To 242627 dollars silver. Look, we all know it could
• 2:43
  definitely happen, and there are some.
• 2:44
  Powerful, powerful forces in the West that will try to subdue or
• 2:50
  tamp. Down the price of silver, but
• 2:53
  but on the. Other side.
• 2:55
  Remember, this is a war. On the other side, there's some
• 2:58
  powerful. Forces.
• 2:59
  And I want you to, I want you to remember the the big, big,
• 3:03
  powerful force that I'm going to get to.
• 3:05
  But. All the eastern countries,
• 3:07
  China, India, the BRICS countries are becoming the
• 3:10
  price. Setters for silver.
• 3:12
  And and there's the investor in the West, and things are.
• 3:17
  Starting to pick up I've. Got some more?
• 3:19
  News for you to. Share as well in that.
• 3:20
  Regard more positive news that's.
• 3:23
  Telling us that the that the western investor is.
• 3:26
  Starting to pick up, but let's go out.
• 3:28
  Let's just go out. For a long term look.
• 3:31
  At the silver price. Don't forget guys, this is
• 3:33
  crazy. You ready for some crazy town
• 3:36
  silver news? OK, let's let's go over this
• 3:39
  first quick review. This is a cup this.
• 3:43
  Is a handle the cup and handle pattern in silver in the cup and
• 3:48
  handle pattern is one of the most predictable most.
• 3:50
  Powerful patterns of all time blah blah we also.
• 3:54
  Know that in the. Handle We have another cup.
• 3:57
  See the cup there? See the cup.
• 4:00
  And another handle. Which looks to me like it's
• 4:03
  actually. Broken out and over here.
• 4:06
  We have. A upside down head and.
• 4:08
  Shoulders. There's a shoulder, there's a
• 4:11
  head, There's a shoulder, which also appears to have.
• 4:14
  Broken out, So on a on a pure look, we're not super.
• 4:17
  Techie chart people, but we'll look at the basics the the the
• 4:21
  story. Remains intact for silver.
• 4:23
  Yes, Friday was a. Bit of a little miniature
• 4:25
  heartbreaker, but if you've been invested in silver, how long
• 4:28
  have you been invested in silver I'll.
• 4:30
  Ask you that you're used to the fact of volatility.
• 4:34
  Let's look at this. I just want to show you
• 4:36
  something. A5 year chart of silver Really
• 4:42
  this period from about two. 1021.
• 4:45
  Through. About 3 months ago, March of
• 4:48
  2024 in terms of historical data on silver.
• 4:54
  This was a very subdued. Not volatile period of time for
• 4:59
  silver, I heard Michael. Oliver say you got to throw the
• 5:02
  last three years out because it really was not a characteristic
• 5:07
  of normal silver price behavior. Silver is a very volatile.
• 5:11
  Metal when it comes to. Price what?
• 5:13
  We're seeing here is more. Characteristic of what we
• 5:16
  typically see in the silver price and don't.
• 5:18
  Forget, guys. Don't forget that when we're
• 5:21
  talking about. Silver, we're going to be, we're
• 5:25
  going to have volatility. And on top of that, there's
• 5:29
  going to be big moves up. But they'll.
• 5:31
  Also be big moves down. Like we had yesterday.
• 5:34
  The key right now? Is that the moves up?
• 5:37
  Are overtaking the moves down OK?
• 5:39
  We're getting higher highs and higher.
• 5:42
  Lows. Just look at this here's.
• 5:44
  Here's enough This is not. I've got major, astounding
• 5:47
  facts. For you about silver today, I
• 5:50
  don't know, it just keeps it's. Silver's my good friend.
• 5:53
  It just keeps providing. US silver investors.
• 5:56
  And gold investors, too. With a non-stop.
• 6:00
  Supply of unbelievable facts, but if you go back.
• 6:03
  Here to 1980 when silver. Spiked up to $50 per oz.
• 6:08
  Think about this. Right now, silver's at $30 per.
• 6:12
  Oz Silver's like 60. Percent of where it was in 1980.
• 6:17
  OK. But the money supply, the M2
• 6:20
  money? Supply, like we covered
• 6:22
  yesterday, is. 13 / 13 times higher.
• 6:27
  I mean, it's unbelievable. How undervalued silver is right?
• 6:31
  Now, enough of that. Let's get back.
• 6:33
  Let's say thank you. Thank you, guys.
• 6:35
  All 400 of us together on a Saturday.
• 6:37
  Morning. Thanks for being part of the
• 6:38
  basement. You.
• 6:39
  Are I'm talking to you? There's only one you right.
• 6:43
  That's why they called it YouTube.
• 6:44
  They were. Brilliant when they came up with
• 6:46
  that name, but you are the most important part.
• 6:48
  Thank you for being here. Hey please give this a.
• 6:50
  Thumbs up. Subscribe if you want.
• 6:53
  Silver, Gold Related. Content every single.
• 6:56
  Day, I'll be here for you like we've always.
• 6:58
  Said there's going to be. Choppy, choppy.
• 7:00
  Waters in the precious metal sector.
• 7:03
  We'll get through it together, OK you.
• 7:05
  Found some friends. Welcome to the basement.
• 7:07
  I'm glad. That you are here, make sure I
• 7:10
  covered all. That OK next week.
• 7:12
  Warning next week. Could be scary.
• 7:16
  OK. If and I'm not thinking this
• 7:19
  will happen, but it's within the realm of.
• 7:21
  Possibilities we dip. Down into the $2827.00 per oz
• 7:25
  range for silver. Don't worry, everything will be
• 7:29
  OK. All right, I'm thinking there's.
• 7:31
  About a 30 to. 25% chance. That we drop below. $30 per oz
• 7:36
  next week I'm not predicting. It but but just be.
• 7:40
  Prepared and everything will be OK now what I wanted.
• 7:45
  To tell you was the silver sellers, let's just talk briefly
• 7:49
  about the people. Who were selling their?
• 7:50
  Silver yesterday. They're the scaredy cats, OK?
• 7:54
  And that's normal part of. Any market look silver.
• 7:57
  Gold. Apple stock, no matter what
• 8:00
  you're talking about, nothing. Will just go straight up.
• 8:03
  It will go up. Down, up, down, up, down.
• 8:07
  And that's what we're seeing in silver.
• 8:09
  The downs are where people get. Scared, right?
• 8:12
  That's called consolidation. That's when the weak hands, the
• 8:15
  people that want out will get out.
• 8:17
  And what it does is builds a new strong base.
• 8:20
  Optimistically speaking, what we're doing right now is
• 8:23
  building a strong base. For the silver price.
• 8:27
  At $30 per oz. I believe we are, and again when
• 8:31
  you just look at. The fundamentals, the amount of
• 8:35
  silver being demanded by the world, the fact that the big
• 8:38
  paper Unicorn. Fart.
• 8:40
  Dust exchanges that their inventories and their vaults are
• 8:43
  down right and. And we're going to talk.
• 8:46
  I've got unbelievable information for you.
• 8:50
  I'm going to save it for the end about.
• 8:52
  Silver, but the supply of silver coming, it's just there's,
• 8:57
  there's really, really no there's.
• 9:00
  Really. No.
• 9:02
  In my mind, it's you just can you.
• 9:03
  Can you? Isn't it hard?
• 9:05
  To come up with an. Argument against owning silver.
• 9:08
  Look, I could be wrong. Don't make any financial
• 9:11
  decisions based on anything that I'm saying.
• 9:13
  And what a great time for us to go out and say thank you.
• 9:17
  To our channel. Sponsor Pinbex if you think
• 9:19
  that's hard to come up with an argument against buying silver
• 9:23
  or gold and you're considering buying some.
• 9:25
  Silver or gold, do yourself a favor, do yourself right, OK?
• 9:30
  Put Pinbex in with the other companies you're looking at.
• 9:33
  I'm not going to tell you what to do.
• 9:35
  I'm just going to say you may benefit from comparing what you
• 9:38
  can get from pin backs to what you can get from some of the
• 9:42
  other online bullion dealers. What I found was I got.
• 9:47
  Better prices, great service. And they have all the products
• 9:51
  that I ever want. No, I.
• 9:53
  Typically would buy bars or. Sovereign coins, American silver
• 9:57
  Eagles, Krugerrands, that type of thing.
• 9:59
  I think I even bought some UK Britannias.
• 10:02
  They always have the best prices.
• 10:04
  I always. When I would buy from Pinbex
• 10:06
  what I loved was. Let's say.
• 10:09
  I bought 100 oz and I would compare.
• 10:13
  The price that I paid the other. Online bullion dealers and I
• 10:16
  would get like a free bonus. Three or four.
• 10:19
  Oz It felt like. Just by working.
• 10:22
  And and and I was from day one from my first order with them, I
• 10:27
  had absolute trust and confidence in the company.
• 10:30
  OK, you need to find it out for yourself.
• 10:32
  I'm not telling you what to do, but I'm just recommending you
• 10:35
  may benefit from checking out pen backs next time you are
• 10:39
  looking to buy. A bullion they sponsor the.
• 10:41
  Channel and I would only take a sponsor with the company that
• 10:44
  I've worked with and I believe in 100% let's.
• 10:47
  Talk about it's a country, a European country.
• 10:53
  Why would a European country? Ban not allow their citizens to
• 10:58
  buy the. Physical Silver ETF I'm not
• 11:02
  talking about SLV, I'm talking about PSLV, the Spratt Physical
• 11:07
  Silver Trust Which. Everybody knows is way better
• 11:10
  than. SLV because there's a little.
• 11:12
  Suspicion surrounding SLV, but why?
• 11:14
  Would a country think about this?
• 11:17
  Why would they suddenly ban their citizens ability?
• 11:21
  To buy the physical silver Trust.
• 11:23
  Let's dig in. Let's see.
• 11:25
  Let's read this. Let's see.
• 11:26
  What we can learn this comes from King World.
• 11:30
  News, it says. WTF?
• 11:33
  Hold on one. Second, I gotta get a sip of.
• 11:34
  Coffee before. We dive into this one.
• 11:42
  Thank you. Europeans can now only.
• 11:45
  Place sell orders. On the Sprott Physical gold and
• 11:50
  silver funds, what? There's Eric Sprott, like the.
• 11:53
  King of silver and gold, hold on here.
• 11:57
  Here we go. This is what happens when the
• 12:00
  elites are on the wrong side of the trade heavily.
• 12:05
  Short. Gold and silver, while those
• 12:08
  markets have traded against them, they simply change.
• 12:12
  The rules Wow, that is a. Powerful statement, so we know
• 12:17
  there are. Massive, some people say.
• 12:19
  Historic. Levels of short interest right
• 12:24
  in the silver market, in the gold market, in the paper
• 12:27
  markets, at the COMEX and the LBMA.
• 12:30
  As I read yesterday. The LBMA trades like what?
• 12:33
  200. Million, I don't know, crazy
• 12:36
  amount. It's when you compare with the
• 12:38
  paper markets trade on a daily basis to the physical markets in
• 12:42
  Shanghai, it's. It's like 600 times.
• 12:45
  More in these big banks. These big traders.
• 12:48
  Are on the wrong side. Of the trade guys.
• 12:50
  Gold has gone up significantly. Silver has gone up.
• 12:55
  We just looked at that from 20. Two.
• 12:56
  Dollars to $32 sure we're. At 30 now, but we're holding the
• 13:00
  line. I'm going to smash my desk with
• 13:02
  my fist. Here, but this has put a lot of
• 13:05
  the big. Banks, the big money.
• 13:07
  In a really bad spot. They're losing their arses.
• 13:10
  OK, not their horses, their arses.
• 13:12
  Now what do they do? When that happens, oh, they can.
• 13:17
  They're going to stop. This this.
• 13:19
  Is in, I believe, Norway. They stop people.
• 13:21
  What would they do? They'll stop people.
• 13:23
  From being able to buy silver and gold, is it going to come to
• 13:26
  America next? Potentially, right?
• 13:29
  You can no longer. Buy physical I don't think.
• 13:32
  That's going to happen, but we can't.
• 13:34
  Rule any possibility out OK. The information below was sent
• 13:39
  to King World News by one of our global readers from Norway,
• 13:44
  who's traded sprats 100%. Physically backed gold.
• 13:49
  And silver for many. Years PSLV is the Spratt
• 13:53
  physical silver. Trust guys, it's been audited.
• 13:56
  If you buy. Put money into PSLV There's.
• 13:59
  Absolutely physical silver there to back it up.
• 14:02
  OK, there's a lot of suspicion about SLV.
• 14:05
  That's the one that's run by BlackRock.
• 14:08
  By the way, coincidentally OK, he.
• 14:11
  This guy in Norway can now only place.
• 14:14
  Sell. Orders also they'll let him
• 14:16
  sell. Silver, which would drive the.
• 14:18
  Price down, but they're not letting him buy.
• 14:22
  PSLV or. Phys, which is the physical
• 14:27
  gold. Trust, OK.
• 14:28
  Apparently, European investors can still.
• 14:30
  Buy which is suspicious. I'm sorry, can still buy.
• 14:34
  GLD and SLV. Those are the those are the ones
• 14:38
  everybody's everybody's doesn't really believe maybe possibly
• 14:42
  doesn't have all the physical gold and silver they purport to
• 14:45
  have, which is suspicious because those.
• 14:48
  Funds are not trusted by many investors, including
• 14:51
  institutional masters who believe GLD and.
• 14:53
  SLV don't hold the physical gold and silver.
• 14:56
  They claim to possess and have nowhere near the transparency.
• 15:01
  Of the. Sprott Physical Gold and Silver
• 15:04
  funds and again. The Sprott Physical.
• 15:06
  Gold and silver funds are the ones that apparently Norway is
• 15:10
  banning their citizens from buying, but is.
• 15:12
  This all across Europe. That's the next question.
• 15:15
  Here's the e-mail they got. From their friend in Norway.
• 15:18
  Important information on silver market access in Europe.
• 15:22
  OK, it says crazy. No longer possible to buy US
• 15:26
  Canadian closed in funds in the. EU or the the this says the EU
• 15:31
  all of a. Sudden I can no longer buy.
• 15:34
  The PSLVPHYS or SPPP. Which I don't know what.
• 15:39
  That is with the with the largest most reputable trading
• 15:42
  site. So this is on the big trading
• 15:44
  sites. I hold large.
• 15:46
  Positions and can now only. Sell physical silver and
• 15:50
  physical. Gold only allowed to trade SLV
• 15:54
  and GLD, which I do not trust the same way.
• 15:57
  This is nuts. So here's the screenshot.
• 16:00
  I guess that's in Norwegian. And here's what it says.
• 16:04
  Your order is not placed due to current EU.
• 16:06
  Regulations, it is not possible to invest in the security, and
• 16:11
  again it was. Just a few days ago, only sell
• 16:14
  orders are possible. This applies to all.
• 16:16
  US and Canadian closed end funds.
• 16:18
  OK, this guy says he's traded these instruments almost daily.
• 16:22
  OK, the error only cites EU regulations.
• 16:26
  Is this a glitch or is this a big, big deal?
• 16:29
  Right. I'll I'll be the devil's
• 16:31
  advocate or take the other side. Is this just a short glitch?
• 16:34
  If this is not, which? Apparent it doesn't appear to be
• 16:37
  at this. Point, This is a big deal, OK,
• 16:42
  But it's almost like this is targeted.
• 16:44
  On the metals. OK, it says here.
• 16:46
  Let me just read this note. Further.
• 16:48
  That only closed end type instruments on my I am.
• 16:50
  Aware of are the Sprott. Funds, there might be others, I
• 16:54
  don't know, but it's. Almost like this is targeted.
• 16:56
  Only on the metals they simply will not allow.
• 16:59
  Us to. Trade the closed end funds.
• 17:01
  Norway is not even. Part of the EU.
• 17:04
  Interesting, but imports. All their insane rules via the
• 17:07
  EEC membership. In any event, this seems to be
• 17:12
  an EU wide thing that would include like France, Germany,
• 17:16
  Italy and a number. Of other countries.
• 17:18
  Right again the. Difficulty to assess the impact,
• 17:21
  but. Basis.
• 17:23
  Based on the information available, it is now not.
• 17:25
  Possible for private European investors?
• 17:27
  To buy the 100% physically back closed in metals fund, blah blah
• 17:31
  blah. OK, they said they're going to.
• 17:32
  Keep up with it so. What's so important?
• 17:35
  About that, right? What do they do?
• 17:38
  They do this. They, they, they, they.
• 17:41
  Like if, if, if the market's crashing, they'll ban short
• 17:44
  selling, right? If.
• 17:45
  The price of silver is. Taking off, they'll make it
• 17:50
  more. Difficult for everyday people to
• 17:52
  buy, right? But they'll let you sell.
• 17:55
  Right. I mean, guys.
• 17:57
  This. Could be big, big major news
• 17:59
  right to follow. The story closely is this.
• 18:02
  You know, are they? Afraid of a silver squeeze?
• 18:05
  Are they afraid of the? Gold price going to 2500 and by.
• 18:08
  The way while I'm here, I owe you a big apology.
• 18:11
  I owe. I owe you AAAI.
• 18:13
  Have to make a confession and admit that I was wrong.
• 18:17
  OK, I. Had six months ago predicted
• 18:20
  that we would get $2500 gold in the month of May $2500 gold.
• 18:25
  People said I was crazy, right people?
• 18:27
  Said, Oh, Ron, there's no way we're going to get $2500 gold in
• 18:32
  May. This was back in December when
• 18:34
  we were making our annual predictions and you know.
• 18:36
  What? They're right.
• 18:37
  I was. Wrong, right?
• 18:38
  We did not get the $2500. Gold, right?
• 18:41
  But we came Darn. Close I will give myself.
• 18:45
  A little pat on the back for that as I look into the rest of
• 18:49
  the. Year.
• 18:50
  I'm not ready to give an official prediction yet, but I
• 18:54
  can feel right now right around the election time, OK, I can
• 19:00
  feel that we I'm feeling like a minimum ish range for gold to be
• 19:04
  in 2600. Twenty $700.00 per oz.
• 19:08
  Why don't you put it in the, put it in the?
• 19:10
  Send me an. E-mail or put it here.
• 19:12
  In the in the comment section, where do you think the gold
• 19:16
  price when you think about the election, which is what November
• 19:19
  15th, November something I don't know, November, early November.
• 19:22
  Where do you see the gold price? I'm feeling minimum 2026 to
• 19:28
  $2800 per oz. I can see.
• 19:31
  Silver in the 454443 range by that time as.
• 19:36
  Well, so I was. Wrong about that prediction, but
• 19:39
  I came darn close. Now the one prediction I am
• 19:42
  standing by right now is that by the time of the election.
• 19:47
  We will see. Some forms of economic carnage
• 19:51
  in this country, whether they want to.
• 19:53
  Officially call it a recession. Or a a downturn or a crisis.
• 20:00
  I believe it's going to be. A little.
• 20:01
  Worse than a recession, and there's a lot.
• 20:03
  Of proof of. That going on out there.
• 20:06
  As well. But are you waking up?
• 20:08
  What's? The latest if you Did you hear
• 20:10
  the latest news? On gold and silver from.
• 20:13
  Costco, I guess they put. Out their earnings last week.
• 20:16
  Let's go out to. And what would it mean?
• 20:18
  Let me ask you this if the mainstream media really.
• 20:23
  Starts to pick up. On the gold story and the silver
• 20:26
  story, OK, because guys, remember, what does it mean to
• 20:31
  you? When you realize that this
• 20:33
  massive rally that we've had in the silver market and the gold
• 20:38
  market over the last three to. Four months this massive big.
• 20:42
  Rally. Was done in the headwinds.
• 20:46
  Right in in the worst. Environment from a Western
• 20:49
  perspective. High interest rates, right A.
• 20:52
  Strong dollar and almost no interest in precious metals in
• 20:59
  the Western countries. ETF outflows GLB.
• 21:02
  Maybe that's why they're. Letting them buy the GLD and the
• 21:04
  SLV. Money coming.
• 21:06
  Out of the ETFs, gold and silver stop think about this is it does
• 21:12
  this does this. Computing for you Gold ran up to
• 21:15
  2400. Right now it's, well, you know,
• 21:18
  2300. Dollar 2340 whatever it is per
• 21:21
  oz. Silver's hugging $30 per oz.
• 21:26
  It did that in the most difficult environment possible
• 21:30
  for from a Western perspective. The richest country in the
• 21:33
  world? the United States of America.
• 21:36
  What does that mean if things turn?
• 21:37
  Around a little bit. What does it mean right?
• 21:40
  If people start putting money into SLV, putting money into
• 21:45
  GLV, if the American public, that's already been slapped.
• 21:49
  Across you've been slapped. Across the face with inflation
• 21:53
  gets hit with another wave of inflation and they get.
• 21:57
  Slapped the 2nd. Time they're like, you know.
• 21:59
  What you slapped. Me once you aren't going to slap
• 22:02
  me that bad again, I'm going to go buy some silver or gold.
• 22:05
  What if the mainstream media. Starts to pick up.
• 22:08
  What's the biggest? When when you think mainstream
• 22:11
  media in the United States, you're probably around my age.
• 22:14
  I'm 50. Four years old, right we're.
• 22:16
  Young at heart. Basement dwellers and by the
• 22:18
  way, I'm going to thank you. Again, for being here and.
• 22:20
  By the way, let's put up our banner to say thank you to our
• 22:24
  sponsors and thank you to all you that have sent me ounces of
• 22:28
  silver over the last couple years.
• 22:30
  I was thinking about that. Last night.
• 22:31
  How nice nonetheless. We're brothers.
• 22:35
  We're all. Around the same age ish, right?
• 22:37
  What's mainstream media to you? To me, there's nothing more
• 22:40
  mainstream than this NBC News and what is their big story?
• 22:49
  And it's not just NBC News. It's.
• 22:51
  All. Over again the mainstream media.
• 22:55
  Costco, right? Costco, that is.
• 22:58
  America, even though honestly I've never been inside of a
• 23:01
  Costco, been in a Sam's Club and an ALDI, but nonetheless it is
• 23:04
  America. I'm a.
• 23:06
  Rebel. Are you a rebel?
• 23:07
  Have you ever been in a Costco? Anyway, Says Gold.
• 23:10
  Buyers are helping. Drive up its online sales.
• 23:14
  OK, that's great. That's awesome.
• 23:15
  We love that. But.
• 23:16
  This is what we want to pay attention to.
• 23:18
  NBC News, AOL and there's some stuff in.
• 23:20
  Here that is. Going to make your skin?
• 23:23
  Curl crawl crawl. Crawl anyway the about about the
• 23:29
  mainstream financials. Of this is.
• 23:31
  And it's a great little nugget for a silver and gold investors.
• 23:35
  The retailers e-commerce sales jumped 20%.
• 23:38
  OK, with growth quote? Led by gold and silver bullions,
• 23:43
  they listed. That first notice that gift?
• 23:46
  Cards and appliances, continuing a round of strong demand for its
• 23:50
  precious metal products. Hold on, I'm going to get a
• 23:52
  drink of coffee and then you're going to you're you're going to
• 23:55
  get a nugget and your skin's going to crawl.
• 24:02
  OK, think about this. E-commerce sales jumped by 20%
• 24:07
  and they're listing gold and silver and they're also saying
• 24:10
  it's because of gift cards and appliances do.
• 24:14
  You really think gift card sales suddenly spiked out of the blue?
• 24:18
  Why would that? Happen.
• 24:19
  OK, so it's not really gift cards in my opinion.
• 24:22
  Appliances. Really.
• 24:25
  People are suddenly buying appliances.
• 24:27
  Was there any catalyzing? Event that.
• 24:29
  Would have caused people. To buy 20% more appliances?
• 24:32
  No, it's because of gold and. Silver It's because the people
• 24:37
  that shop at Costco, maybe that's why.
• 24:38
  I don't go there. I think are pretty smart like my
• 24:41
  neighbors that go. There are usually like smart,
• 24:43
  educated people. Costco made only a single terse
• 24:49
  mention of This is NBC, this is mainstream precious metals in
• 24:52
  its latest earnings call, but. Reinforced that analysts were.
• 24:56
  On to something when they flagged strong demand for the
• 24:59
  retailers. Gold.
• 25:00
  Bars and silver coins this spring.
• 25:03
  OK. That's the the chief financial.
• 25:06
  Officer. I already kind of read that to
• 25:08
  you. Remember, Wells Fargo
• 25:10
  researchers estimated in early April that members only retailer
• 25:14
  had been pulling in between 100 million and 200 million in
• 25:18
  monthly revenue from the. Products this is.
• 25:21
  Silver and gold after rolling them out last summer.
• 25:24
  OK, By December, Costco said it was already.
• 25:27
  Selling over one. 100 million in gold bars.
• 25:31
  Within the space of 1/4 and sometimes running out in just.
• 25:34
  Hours. These are probably new.
• 25:37
  Stackers, new people coming into precious metals.
• 25:44
  Eventually they'll wise up and they'll start buying more and
• 25:48
  more, right? And they'll go to places like 10
• 25:50
  Backs, right? They'll go to the big online
• 25:52
  bullion dealers, excuse me when they realize that they want to
• 25:57
  work with specialists when they're buying.
• 25:59
  Now let's. Talk about let's say here,
• 26:01
  here's this. I want to point this out.
• 26:03
  NBC News says the Gold Rush is the latest.
• 26:06
  Sign that some consumers remain hot on perceived safe
• 26:09
  investments. Now this.
• 26:10
  Is the. This is where your skin crawls.
• 26:13
  This is where your. Skin crawls, and there's a
• 26:15
  little. Bit of a nugget.
• 26:17
  In here. OK, Lee Baker.
• 26:20
  They got they're. Talking to this guy named Lee.
• 26:22
  Baker Lee's the founder. Of the planning firm Apex
• 26:26
  Financial Services and president of the.
• 26:28
  AARP of Georgia, all right. Listen to what he says here.
• 26:33
  Couple things he mentions. He says I.
• 26:36
  Haven't had a single client ask me about buying.
• 26:38
  Gold, Baker conceded. Now this is what gets me.
• 26:43
  This is. What keeps the skin crawling?
• 26:45
  OK. And there's two things that we
• 26:47
  need to consider when we're, when we're.
• 26:49
  Thinking about this, unlike other assets, they say this all
• 26:53
  the. Time about precious metals don't
• 26:56
  produce any cash. Flow through yields or interest.
• 27:01
  No. They just go up in.
• 27:02
  Value and protect you against inflation.
• 27:05
  No, number one, right? OK, number one, they don't.
• 27:10
  Produce cash flow of course, right?
• 27:12
  Or a yield. Or anything else?
• 27:14
  But they also Lee. Don't have any?
• 27:17
  Counterparty risk if you hold that gold, if you hold that
• 27:21
  silver, which all these Costco. People are starting to realize
• 27:24
  you don't have to rely on anybody else or anything to
• 27:28
  provide you with the value, right?
• 27:30
  There's no promise, There's no contract.
• 27:32
  If you hold it in your hand, you own it.
• 27:35
  So number one, I get sick of hearing these.
• 27:38
  People say this. Oh it.
• 27:39
  Doesn't produce any cash. Flow.
• 27:41
  It doesn't. Whatever.
• 27:42
  The other. Thing I'll say to Lee is this.
• 27:46
  The other thing that gold and silver don't do and you got to
• 27:50
  realize this, this mainstream financial services industry is
• 27:54
  powerful, right and we'll. Always say stuff like this.
• 27:58
  But what do you think it means if you consider the fact that
• 28:01
  the other thing that gold and silver?
• 28:02
  Don't do or provide people. That are in the financial
• 28:06
  services industry with any type of recurring Commission.
• 28:11
  Excuse me because when they put you into a mutual fund or they
• 28:15
  put you into into any other number.
• 28:18
  Of, of of, of. Quote UN quote investments.
• 28:21
  They make a recurring Commission.
• 28:23
  Year after year after year. On the money you have and and
• 28:27
  many, many times in those investments.
• 28:29
  Gold and they don't. One of the reasons they don't
• 28:31
  like gold and silver, right? And they will.
• 28:34
  They'll probably come up with some tricky.
• 28:35
  Way to trick the public. They won't trick you.
• 28:38
  You won't fall for. It 'cause I'll point it out to
• 28:39
  you when it happens, but there's no real investment option
• 28:44
  available for the financial services industry that allows
• 28:47
  them to milk the general. Public, OK.
• 28:50
  So they're always going to say, oh, gold and silver.
• 28:52
  You need to put your. Money into into the stock.
• 28:55
  Market. You need to put your money into,
• 28:58
  excuse me, into a bond fund or something where I can make a
• 29:03
  recurring Commission off you. So.
• 29:07
  Very interesting, very exciting though the Also regarding this
• 29:11
  is the fact that the mainstream media NBC starting.
• 29:15
  To pick up for us. On the gold and silver movement,
• 29:19
  OK, now I promised you and I'm gonna deliver.
• 29:24
  What I think is probably. One of this just blew me away.
• 29:27
  One of the most astounding. Statistics.
• 29:30
  When it comes. To silver this.
• 29:32
  Not only has to. Do with the price of physical
• 29:36
  silver, but also has to do with the precious, the silver.
• 29:39
  Mining stocks and it kind of. Starts with that.
• 29:41
  But I'm going to show. You.
• 29:43
  How, when we think about this in the broader context, it is
• 29:47
  massive good news. For silver.
• 29:51
  Investors I'm going to get. A quick drink of water and we're
• 29:53
  going to go. Right.
• 29:54
  To it. Here in one second.
• 30:05
  OK, guys. This comes from Kitco and our
• 30:11
  good friend. He's actually been in the
• 30:12
  basement. It's been a while.
• 30:13
  Probably a year, Dave Earthly. The junior mining junkie.
• 30:17
  Puts this newsletter. Out on a weekly basis.
• 30:20
  I would, I would. Recommend subscribing to it,
• 30:22
  it's always got some great information, but he pointed out
• 30:25
  something in. Here, that blew.
• 30:27
  Me away that not this. OK, we've talked about this
• 30:30
  already. This is the massive cup and
• 30:32
  handle, OK. And again, the handle breakout.
• 30:35
  That's not it. We're going to talk.
• 30:37
  We're going to briefly going to say talk about what he said
• 30:39
  about the. Gold and silver market, but then
• 30:41
  I'm going to go to a. Statistic, that is.
• 30:45
  Nirvana, is that the? Right word.
• 30:47
  Unbelievable good. News for anyone invested in.
• 30:49
  Physical silver or. In the mining stocks.
• 30:54
  But he says here, silver prices have surged to their highest.
• 30:57
  Level since 2012, driven by robust industrial demand.
• 31:02
  Expectations that the Fed. Will cut rates following a March
• 31:06
  technically confirmed breakout in.
• 31:08
  Gold. OK, so gold technically
• 31:10
  confirmed its breakout. With a monthly.
• 31:13
  Basis close above. Critical 13 year resistance.
• 31:17
  This is epic. This is massive.
• 31:20
  What's going on? Right?
• 31:21
  Now, guys in the gold. And.
• 31:24
  Silver markets, OK. But they're gonna try.
• 31:27
  Don't forget those boys at the Comex and the LBMA and the big
• 31:30
  bullion. Banks, they're gonna do.
• 31:31
  Everything they can right To tamp this down, we we could be
• 31:36
  in for some choppy waters, but for now.
• 31:39
  Right, the waves have settled. Down The sun has come out and
• 31:42
  there's wind in our sails for now.
• 31:45
  OK ended May trading on the Comex this morning above 12
• 31:50
  silver. I'm sorry price ended May
• 31:52
  trading on the Comex this morning above major 12 year
• 31:59
  resistance at $30. Remember I was talking to Bald
• 32:02
  Guy Money yesterday and he's the one that pointed out to me how
• 32:05
  critical closing above $30. And we did it in silver.
• 32:09
  We did it. That's big.
• 32:12
  That's big, big news. OK, we closed out above 30.
• 32:15
  On a weekly. Basis a monthly basis and it's
• 32:18
  psychological right I'm. Sorry, you know, and you're
• 32:22
  smart. I'm smart.
• 32:23
  There's not. There's a 2 cent difference.
• 32:25
  Between $30.01 and 2999, but there's a difference and there's
• 32:30
  a psychological difference with the trend being.
• 32:32
  Solidly to the. Upside as silver continues.
• 32:37
  To lead gold higher. This is classic precious metals.
• 32:40
  Bull market action classic. After a monthly.
• 32:44
  Close above stiff multi year resistance at $30 silver this.
• 32:47
  Week the expectation is that both gold and silver.
• 32:51
  Could rise further with periods. Of backing and filling,
• 32:54
  remember. That's what we've said, periods
• 32:56
  of backing and filling. That means crappy days like
• 32:59
  yesterday. That means more crappy days to
• 33:02
  come. But as long as the trend remains
• 33:04
  upward, we're in good. Shape.
• 33:07
  OK. Both now broke through multi
• 33:10
  year technical. Resistance levels.
• 33:11
  OK this. Blew me away, OK, And I got to
• 33:16
  go out. You're going to follow me.
• 33:17
  We're going to go on a little trip on the Internet here, OK?
• 33:21
  And we're going to go to Yahoo Finance and we're going to go to
• 33:27
  Home Depot. Now, you might be asking why in
• 33:29
  the heck on a silver and gold channel is Ron going to look at
• 33:33
  Home Depot? Well, it's going to make perfect
• 33:35
  sense to you in just one. Second, OK, so this is.
• 33:41
  This is Home Depot. I don't like Home Depot.
• 33:43
  I never I. Rehabbed a couple houses.
• 33:45
  Over a long time ago, never enjoyed Home Depot, but here we
• 33:48
  go. Let's get this on.
• 33:50
  OK, let's go back. To our friend.
• 33:53
  Dave's article. And let's talk.
• 33:55
  About Here we go the. Moment you've been waiting.
• 33:58
  For, let's get. Down here I got it.
• 33:59
  Highlighted He's got a lot of. Other great information in this.
• 34:02
  Article OK, OK. With the market cap, the market
• 34:09
  cap of the entire silver mining sector being just $15 billion,
• 34:18
  guys, remember that, OK, right now, $15 billion, the entire
• 34:24
  market cap of the entire silver mining.
• 34:26
  Sector we can see significant. Upside in the long forgotten
• 34:30
  silver space into the summer, especially now that silver has
• 34:34
  technically broken above. The 30 year resistance.
• 34:37
  With silver being mostly ignored by investors.
• 34:41
  Key, Right, Big key. That's good.
• 34:43
  We'll take it. We'd rather you'd rather be.
• 34:46
  Positioned in an asset. That has.
• 34:49
  Been ignored and will no. Longer be ignored because that.
• 34:53
  Means more money will be coming into.
• 34:55
  It OK, the silver equity complex maybe the best trade, right?
• 35:00
  Now and 1:00 to watch going forward.
• 35:02
  After the silver price broke. Out above multi year resistance
• 35:06
  at $30.00 on a monthly basis, the metal appears to be on the
• 35:10
  verge of a major up leg from a huge four year.
• 35:13
  Base the last time silver prices broke.
• 35:15
  Above $30.00 an ounce in 2011, the precious metals went on to.
• 35:21
  Trade to 50. Dollars per oz within 100 days.
• 35:25
  Whoa, that's not the big pajama. I'm gonna the big pajama.
• 35:29
  We're gonna go. Back to that, it's the. 15
• 35:31
  billion and I'm gonna show you why and and trust me, the Home
• 35:35
  Depot thing will make make sense why that's the massive.
• 35:38
  Deal, but we forget to talk about this the last time the
• 35:42
  silver price broke above 30. Dollars per oz.
• 35:46
  Which it just did. Again right now, but the last
• 35:49
  time was 2011. The precious metal went on to
• 35:51
  trade. At. $50.00 in the space of 100
• 35:56
  days What? Do you think guys, I think we
• 35:58
  should try to break? It this time I think.
• 35:59
  We should try to go. Above 50 in 90 days.
• 36:02
  Look, there's no guarantee that's going to happen.
• 36:04
  Don't make any financial decisions based on what I'm
• 36:06
  saying. But we have broken out in
• 36:09
  silver. It's a big deal now.
• 36:11
  Why? Why should you be?
• 36:13
  Dancing. You're not dancing.
• 36:14
  You're thinking, oh, Ron, what are you talking about?
• 36:17
  Right. What do you mean?
• 36:18
  Why should you be dancing about this?
• 36:20
  The. Market cap.
• 36:22
  Hold on, see if I can re. Highlight this.
• 36:25
  No, I can't. Anyway, the market cap of the
• 36:27
  entire silver mining sector is just $15 billion.
• 36:32
  Fifteen billion. OK.
• 36:35
  How small that is, guys, that's the entire silver.
• 36:38
  Mining sector. This is key.
• 36:41
  On a couple of of of of of of levels.
• 36:45
  Number one, if you're invested in silver mining stocks, you got
• 36:47
  a lot of room to run, but 15 billion the entire silver
• 36:52
  mining. Sector.
• 36:52
  I've said that 6. Times Now.
• 36:54
  That's why Susie calls me. Repeater, Ron, Apologize,
• 36:57
  apologize. Let's go out and look at Home
• 36:59
  Depot One Company 1. Hardware store chain of hardware
• 37:03
  stores, OK, granted they're big. Look at this right here.
• 37:07
  Market cap. This is the value of Home Depot
• 37:11
  3. $132 billion. So that means if the market cap
• 37:19
  of. One company, Home Depot.
• 37:21
  Right, let's. Say the entire silver mining
• 37:24
  sector was 10% of Home Depot, that would be 30 billion.
• 37:27
  But it's not. OK, OK.
• 37:29
  The entire market cap of the entire silver mining sector is
• 37:35
  like less than 5% of what Home Depot?
• 37:39
  Is. Does that make any sense to you?
• 37:42
  What so? Ever.
• 37:43
  OK? No.
• 37:45
  Now what? Does that have to do with the
• 37:46
  silver? Price, I'm going to tell you
• 37:48
  right now. Because think about this, OK,
• 37:51
  think about this. What that tells you?
• 37:53
  Number one, like I said, the silver mining stocks have
• 37:57
  they're, they're, they've been beat to a pulp, right?
• 37:59
  I'm not making giving you investment advice, not telling
• 38:01
  you what. To do but but.
• 38:03
  They've been beaten to a pulp and top of that when you think
• 38:08
  about this. Fact.
• 38:09
  That because the silver mining sector is so small, 5%, four
• 38:15
  percent of Home Depot, right? One company the entire silver
• 38:19
  mining. Sector.
• 38:20
  There's no money that's gone in to the silver mining sector
• 38:24
  right now. They're mining.
• 38:26
  Silver that they probably discovered. 5/10/15 years ago.
• 38:30
  Lately. There's been nothing there's.
• 38:32
  Very little overall. Money in that sector, the.
• 38:37
  Future supply of silver. Is going to be so constrained
• 38:41
  when we know even the Silver Institute whose numbers.
• 38:44
  A lot of people. Call into question Even the
• 38:47
  Silver Institute has recognized that the amount of silver being
• 38:51
  mined by the silver miners is going down.
• 38:55
  But it gets. Even more exaggerated when you.
• 38:57
  Consider the fact that is that it that it takes there's like a.
• 39:01
  10 year lag time between. Discovery.
• 39:05
  And the ability to produce. The silver guys.
• 39:08
  In in an environment. Where like, let's go look here,
• 39:11
  let's go look, This is this is just.
• 39:13
  Unbelievable. Let's go look.
• 39:16
  Hold on here. Wrong, wrong slide.
• 39:20
  Wrong slide. Here we go, right here.
• 39:24
  Look at. This this is from our friend's
• 39:25
  first mining gold channel sponsor.
• 39:27
  This is part of their investor presentation, right?
• 39:31
  Look at this. This is.
• 39:32
  Gold, but the same thing. 'S true with silver, the yellow
• 39:35
  bars for each of these years. Along the.
• 39:38
  Bottom See all the years listed at the bottom.
• 39:40
  That's the amount of gold discovered in each year.
• 39:43
  Gold discoveries on the left. Right, couple years to look how?
• 39:46
  The amount of gold since 1990. Discovered each year, do you see
• 39:51
  a? Downward trend, I hope.
• 39:52
  You do right? There's a massive.
• 39:54
  Downward trend there's. Almost been no gold.
• 39:56
  The same is true with silver. OK.
• 39:59
  And look at the amount of money, even in gold, OK?
• 40:02
  Even though they're. Throwing more money?
• 40:04
  At it. They're throwing.
• 40:06
  They're. Spending more money in a in a in
• 40:10
  an attempt to find more gold. And they're not even spending
• 40:14
  the money in silver, right? They're not finding any.
• 40:18
  What does that tell us? 10 years from now, because you
• 40:21
  gotta. Remember all that silver being
• 40:25
  produced right now, which is? Actually going down on a year
• 40:28
  by. That silver that was discovered?
• 40:30
  Ten years ago, 15 years ago, 20 years ago.
• 40:34
  All the easy metals gone. All the CE.
• 40:38
  OS I talked to all. Of them they the mining.
• 40:40
  CE, OS, they all. Say the same thing.
• 40:41
  It's very difficult to find new. Gold discoveries, guys.
• 40:46
  Guess what? Here's a little insight 'cause I
• 40:48
  talked. To these CE OS.
• 40:50
  It's even harder to find new silver, and the demand for
• 40:55
  silver is going absolutely through.
• 40:58
  The roof right right and let's just since we're here we'll.
• 41:02
  Go look at the another one of my favorite charts, not that one
• 41:06
  that's that's bad news. That's about the economy.
• 41:09
  This is from Jordan Jordan Roy Byrne.
• 41:11
  I love this guy. I think he's one of the sharpest
• 41:14
  analyst out there, this. Shows gold ETFs as a percentage
• 41:19
  of all ETFs, and he said. This in his video right?
• 41:24
  That that. That you that you can.
• 41:26
  Absolutely. Look at this as a.
• 41:27
  Good thing, a bullish thing. These are the years along the
• 41:31
  bottom right. This is the percentage of of
• 41:35
  money that are in. Gold related ETFs as a
• 41:38
  percentage of all ETFs look at. Look 10.
• 41:40
  Years ago it was 8%. You know.
• 41:44
  What year is this? You know, Well, now that was
• 41:46
  more than 10, that was. 12 years ago and I digress, but it's.
• 41:50
  Down, down, down to 1%. Get a little bit of.
• 41:54
  Money coming into this sector just.
• 41:56
  The. Smallest amount of money coming
• 41:59
  into this sector and it's going to be.
• 42:01
  Absolutely crazy. Of what's going to happen, OK.
• 42:05
  Hey, I appreciate you. Guys all being here today.
• 42:08
  Please. Help support the channel
• 42:09
  sponsors. Right we.
• 42:12
  Hold on, Susie's yelling at me. Oh, we got to get a few more,
• 42:17
  get a few more. Thumbs up and Susie's going to
• 42:19
  let me know and I'll ring the gong.
• 42:20
  But thank you to channel sponsor First Mining Gold.
• 42:23
  We showed one of their charts here.
• 42:24
  Canadian gold developer with two multi million ounce projects.
• 42:27
  In. Canadaokfirstmininggold.com and
• 42:32
  our friends at Fortuna. Silver, silver and gold.
• 42:37
  Producer mining company right generating a.
• 42:39
  Lot of cash flow. In previous quarters, we we.
• 42:42
  Expect that. OK.
• 42:44
  Thank you, Susie, that that's going.
• 42:45
  To happen again. You can learn more about them at
• 42:48
  fortunasilver.com. I love Jorge Ginoza, the CEO
• 42:53
  there. I'm a very conservative.
• 42:55
  Guy he loves to talk about a fortress.
• 42:57
  Balance sheet, again, you can learn more about them at
• 42:59
  fortunasilver.com. Hold on, I'm going to put you on
• 43:02
  me. Yell up to Susie.
• 43:03
  Susie, did we get 300? OK, I'm going to ring the gong.
• 43:12
  300 thumbs up means three rings of the gong for you.
• 43:20
  If you guys have any questions, concerns, send me an e-mail.
• 43:24
  Most important. You have a great.
• 43:25
  Day and I appreciate you being here.
• 43:28
  You are. Really the most important part
• 43:30
  of Ron's basement, and it's a big deal when you join us.
• 43:33
  So we'll look forward to seeing you again next time.
• 43:36
  Thank you.