Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 BUCKLE UP Precious Metals Stackers! 🚨 - THIS Is BIG! (Silver and Gold Price News UPDATE)

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🚨 BUCKLE UP Precious Metals Stackers! 🚨 - THIS Is BIG! (Silver and Gold Price News UPDATE) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Well, we're having a great day today in the precious metals
• 0:04
  markets, but let's talk about the reasons in a lot of examples
• 0:08
  why we could not have just a good day, but a good year.
• 0:12
  Hey, let's even have a good decade together.
• 0:14
  What do you say, 'cause there's a lot of big things that we're
• 0:17
  going to look at today. This is probably the biggest
• 0:19
  live stream that we've ever done together.
• 0:22
  Let's go out and take a look at the markets and see where we
• 0:25
  stand right now with the silver and gold price.
• 0:29
  And as you can see, we're pulled back a little bit in silver, but
• 0:34
  we're still at $80 per oz, Gold at $4700 per oz.
• 0:40
  Let's not forget guys, it was just what, two or three days ago
• 0:44
  we were talking about the other importance of holding the $72.50
• 0:50
  range and now we have $80 silver.
• 0:53
  It'll be interesting to see how today winds up, but in
• 0:56
  particular tomorrow, the weekly close because a lot of the big
• 1:00
  technical analyst use the weekly cut weekly close numbers for
• 1:05
  their for their analysis. Let's have some fun because
• 1:10
  warning, we got this one that made me laugh out loud.
• 1:15
  The best one liner in silver right now.
• 1:18
  Mr. 10 said silver is entering the CME server overheating price
• 1:24
  levels, meaning that if silver keeps going up, there's going to
• 1:28
  be some mysterious incident at the CME, who owns the COMEX,
• 1:34
  where they have to shut the servers down.
• 1:37
  And then we got to look at this old T Bones.
• 1:39
  But this one out. I love the smell of burning
• 1:42
  silver shorts in the morning. There's a pair of silver shorts
• 1:47
  on fire. Now let's get serious and look
• 1:49
  at the charts and some things that we have to be very
• 1:52
  optimistic about. But Tavi Tavi Costa says it
• 1:56
  best. What a move in silver, game on.
• 2:00
  We are in a structurally higher metal price environment driven
• 2:04
  by decades of underinvestment, constrained supply growth check
• 2:09
  and a global macro environment that continues to favor hard
• 2:14
  assets. Nobody has been investing in new
• 2:17
  silver mines. There's not going to be a big
• 2:20
  new supply of silver coming on. But what we want to look at is
• 2:23
  this chart, because everybody's posting it, everybody's talking
• 2:28
  about it. This was the giant wedge pattern
• 2:32
  that started, gosh, all the way back.
• 2:34
  I've seen some people say back as late as October of last year,
• 2:39
  but from December, this is five months, OK, that this has been
• 2:43
  building. And if I get my crayons off
• 2:46
  there, sorry guys, you can see I can't zoom in.
• 2:50
  But right there we have broken out to the upside and that is
• 2:54
  when silver was at $77 per oz. Remember these wedge patterns, I
• 3:00
  love them because they always get resolved.
• 3:03
  And if we can close all right, at 7580, who knows where we
• 3:09
  could close tomorrow, right? Eighty.
• 3:11
  I would say we're going to close tomorrow, Friday, with silver in
• 3:15
  the spot market somewhere between 78 and 82.
• 3:18
  But none the less we will have broken out.
• 3:21
  All right, now let's go to the other this.
• 3:24
  James Anderson brought this up when we're talking about silver,
• 3:28
  the relationship between gold and silver, the gold to silver
• 3:32
  ratio. James says there's a crazy
• 3:35
  amount of coiling in the spot silver, gold, Spot gold to
• 3:40
  silver ratio. When it breaks it should do so
• 3:44
  violently. And man, I love the way he shows
• 3:47
  this because it really shows, right?
• 3:50
  This is the gold to silver ratio currently at about, well, it was
• 3:54
  at 60. I checked right before we came
• 3:56
  on, it was at 59. But do you see what he's talking
• 3:59
  about kind of this area right here?
• 4:02
  We call that coiling, right? Again, it appears to me another
• 4:07
  wedge that's forming. And if this breaks to the
• 4:10
  downside and heads to numbers on the gold to silver ratio, things
• 4:14
  like 30-40, OK guys, that is going to give us an incredible,
• 4:20
  probably higher silver price. Let's do some quick math.
• 4:24
  Let's say let's for kicks and kicks and giggles together,
• 4:29
  let's say we get, oh shoot, let's say we get my phone's off.
• 4:32
  Let's say we get a silver price. I'll see if I can do this in my
• 4:35
  head. A gold price of 5000 and a gold
• 4:39
  to silver ratio of 40 to 1 wouldn't wouldn't that be
• 4:44
  $125.00 silver 125? Hold on, I'll do it by hand
• 4:51
  times 4. Yeah, wow.
• 4:56
  I mean we could be in for some incredible, incredible great
• 4:59
  times within this silver and gold market.
• 5:02
  Now let's talk about the the paper make believe the fact that
• 5:06
  the COMEX is struggling very, very significantly in some in
• 5:11
  some great analysis, a massive article, but I've summed it up
• 5:14
  for you that talks about the problem right now in the paper
• 5:19
  market. The the articles this from zero
• 5:22
  hedge written by the Mises Institute the precious paper
• 5:26
  problem not precious not precious metal problem precious
• 5:31
  paper problem the divergent in Western bullion markets and what
• 5:36
  he brings up in this article is fascinating when you look at the
• 5:41
  paper verse the physical models. Western markets like the LBMA in
• 5:48
  the COMEX operate on a credit model where investors hold
• 5:52
  unallocated paper claims rather than specific bars of gold or
• 5:58
  silver. In contrast, Eastern markets
• 6:02
  like the Shanghai Gold Exchange use a property model requiring
• 6:08
  physical metal to be deposited before trading and resulting in
• 6:16
  actual delivery for most of the contracts.
• 6:19
  So if the Shanghai Gold Exchange, you have to actually
• 6:23
  have the physical metal and right actual delivery occurs on
• 6:28
  most of the contracts. Pricing divergent.
• 6:34
  Because Western prices are based on paper claims that may not be
• 6:38
  fully backed by physical metal, they are becoming quote detached
• 6:42
  from physical reality. This creates a price gap or a
• 6:46
  premium where physical. Gold and silver in the east on
• 6:51
  the Shanghai Gold Exchange on the Indian.
• 6:54
  What is that? The MCX?
• 6:56
  The India Gold and Silver Exchange often trades higher
• 7:00
  than the paper based spot price in the West.
• 7:04
  Now this creates system fragility.
• 7:07
  The author suggests that Western bullion banks are essentially
• 7:11
  fractional reserve operations. That's like our paper banking
• 7:15
  system in the United States. If a significant number of paper
• 7:19
  claim holders suddenly demanded physical delivery, the system
• 7:23
  would face a delivery crunch or default as we seen during market
• 7:28
  stress periods of 2020 and 2025. All of this is pointing to the
• 7:36
  fact that the COMEX is in big trouble.
• 7:38
  The paper markets are in big, big, big trouble.
• 7:42
  We know that the level of open interest at the COMEX is near
• 7:46
  historically A traditionally extremely low levels.
• 7:50
  The amount of volume of paper contracts trading on the COMEX
• 7:53
  is like like what 20 year lows at this point.
• 7:58
  What that tells us is everyone is leaving the paper markets
• 8:03
  now. Look, it could reverse, it could
• 8:05
  go back, whatever. But but the trend right now is
• 8:08
  that India and China, the eastern markets are taking over
• 8:13
  the true pricing mechanism when it comes to gold and when it
• 8:17
  comes to silver. And even our politicians in the
• 8:19
  United States, we got this new legislation being proposed in
• 8:23
  the United States in an interesting fact was brought up
• 8:26
  yesterday that I think a lot of people actually skipped over.
• 8:34
  And we're going to get to that next 'cause we got one more, one
• 8:36
  more quick piece to look at when it comes to Comex inventories
• 8:41
  from the silver quack. Comex inventories have collapsed
• 8:45
  right from 530 million to just over 300 million ounces in just
• 8:50
  under a year in the market. Still acts like there's a
• 8:55
  mountain of silver somewhere and this is where you can find it.
• 8:59
  It's hidden behind a Wendy's dumpster in New Jersey.
• 9:03
  I love it. Meanwhile, registered silver.
• 9:07
  OK, that's the stuff that is actually available for delivery,
• 9:11
  right? Others eligible and there's
• 9:13
  registered. The registered silver is the
• 9:15
  silver that can be actually used to fulfill the paper contracts.
• 9:20
  Sits at under 80 million oz against 484,000,000 ounces of
• 9:26
  paper claims as over 6 to 1 leverage after months of
• 9:31
  liquidation. Already washed out week longs
• 9:34
  tourist and half the dopamine addicts gambling on weekly
• 9:40
  candles. I like this guy, he's funny.
• 9:42
  The silver quack. Yeah, the paper market is a huge
• 9:45
  mess. Right in the paper market is
• 9:47
  leveraged in again right at the end of the day.
• 9:52
  At the end of the day, you can only fool with Mother Nature for
• 9:55
  so long. At the end of the day, market
• 9:58
  forces, physical supply and demand will rule the roost when
• 10:02
  it comes to the silver and the gold price.
• 10:05
  OK, now the legislation. Our legislators are paying
• 10:08
  attention to the fact that there might be problems at the COMEX.
• 10:13
  OK, this comes from Kitco and it's called the Silver Act.
• 10:23
  And what the CFTC chairman said, OK, on April 16th, this kind of
• 10:29
  got glossed over the US House Agricultural Committee oversight
• 10:33
  hearing, CFTC Chairman Michael Selig publicly endorsed.
• 10:39
  And this is the Silver Act. It's an it's an acronym the
• 10:43
  system integrity through licensed vault Expansion and
• 10:48
  Resilience Act act introduced on March 19th by Russ Fulcher and
• 10:53
  Mark Harris. The bills core provisions,
• 10:56
  derivatives clearing organizations that would be like
• 11:00
  the COMEX must select at least two approved depositories per US
• 11:06
  time zone. OK, So what that means is
• 11:11
  instead of having all that supposed silver, that registered
• 11:14
  silver stored in New York, which is where it's all stored right
• 11:18
  now, the Silver Act make requires that the silver be
• 11:23
  stored all across all the time zones in the United States.
• 11:28
  OK. And on top of that, the big
• 11:30
  thing is that that really people just caught on to yesterday.
• 11:34
  The CFTC chairman lent his support to this.
• 11:37
  He said this is what we need to do.
• 11:39
  Stop the manipulation, stop the games focused in New York City
• 11:44
  and London for that matter, and put this out on a more
• 11:48
  geographically dispersed arena. Now we got trouble in India.
• 11:52
  Hey, before we do that, let's say thank you to channel sponsor
• 11:55
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• 11:57
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• 12:01
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• 12:06
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• 12:22
  I love the feel of a one ounce silver bar.
• 12:25
  But wait, there's more, because if we go out to their website,
• 12:29
  they're running a special right now on the Liberty Bar, $2 off
• 12:41
  limited time only. We'll go back to that $2 off
• 12:44
  limited time only and the price is reflected in the price that
• 12:48
  you'll see on their website, but they've got a lot more than
• 12:51
  that. They have rounds, other bars, a
• 12:54
  bunch of other products you can check out at their website.
• 12:58
  Great service, great selection. I love being sponsored by First
• 13:02
  Mint because you guys love First Mint.
• 13:05
  The feedback that we're getting is incredible.
• 13:08
  So check them out. And really, it is like the only
• 13:11
  way that you can get silver that comes from the sign to the mint
• 13:15
  and directly to you. It never gets touched by those
• 13:18
  people at the COMEX. But the people in India, now,
• 13:22
  they're having problems. And remember, this is I learned
• 13:25
  something interesting about the Indian bullion market.
• 13:30
  Hold on here because there's a standstill in Indian gold and
• 13:38
  silver imports and it's dragging on and it's threatening supply.
• 13:45
  Indian banks have been unable to import gold and silver for five
• 13:50
  weeks in unusually long halt. That's pushing up domestic
• 13:54
  prices and threatening shortages in the world's second biggest
• 14:01
  bullion market. Now this will the shipments have
• 14:04
  been stuck. This has to do something with
• 14:05
  taxes, but it's starting to get rather critical in India.
• 14:10
  I talked to a couple of people about this the other day and
• 14:14
  they said yes, people are clamoring and getting very
• 14:17
  nervous because I didn't know that India is the world's second
• 14:20
  biggest volume market. Who's the biggest?
• 14:23
  I'm presuming China, but it's very difficult to get that data
• 14:27
  when you dig in. Some people say it's the United
• 14:31
  States or it's London with the LBMA or the COMEX.
• 14:34
  I guess it depends. But I think in terms of physical
• 14:37
  supply, physical demand for metal, I think it's undoubtable
• 14:42
  that the two biggest are China and India, excuse me.
• 14:47
  And when the second biggest is reaching shortage level, this
• 14:51
  whole market, the whole silver and gold market is becoming very
• 14:55
  fractured, right? Even Goldman Sachs said that
• 14:58
  lately. And when it becomes so
• 14:59
  fractured, so delicate, so sensitive, it really is ripe for
• 15:05
  major, major moves to occur. And our company is waking up.
• 15:09
  I got guys. We have so much to cover in this
• 15:11
  video. Now remember we get this news
• 15:21
  showing that from mining.com. OK?
• 15:25
  Scottsdale Mint is now partnered with Hyperscale Data's Alt
• 15:29
  Global Commodities to build physical silver reserves
• 15:33
  alongside digital assets, with an initial target of 100,000 oz
• 15:39
  as part of its move into hard assets.
• 15:42
  Hey, look, undeniable that right now what is happening with
• 15:48
  companies, right? And we're hearing more and more
• 15:51
  noise about this. Companies are actually making
• 15:55
  moves to buy silver as an investment essentially.
• 15:59
  And you know, it may seem like very strange.
• 16:02
  We know some companies have done that with gold.
• 16:04
  We know a lot of companies did that with Bitcoin about a year
• 16:07
  ago. But now companies are starting
• 16:10
  to buy silver not only for their own internal needs, right, for
• 16:14
  industrial needs, but as part of their treasury.
• 16:17
  It's called treasury management, right?
• 16:21
  But to make it real simple, that's the same thing that you
• 16:23
  do. That's the same thing that I do,
• 16:25
  right? Like we don't want to keep all
• 16:27
  of our wealth in U.S. dollars. We choose to put part of our
• 16:31
  wealth into precious metals. And now companies are choosing
• 16:35
  to do the same thing. I'm still fighting off a little
• 16:45
  bit of a cold, so I appreciate you bearing with me.
• 16:49
  OK? Next, we're going to look at
• 16:52
  more fun to show how the US dollar is going down in value.
• 16:58
  But there's a strong, strong message in this as well.
• 17:02
  Read this. He says I'm getting stronger
• 17:08
  with age. I can now lift $100 worth of
• 17:12
  groceries with one hand. Right?
• 17:15
  Remember? I remember going to the grocery
• 17:16
  store back in the mid 70s with my mom.
• 17:20
  Every other Friday my dad would get paid.
• 17:23
  We get in the old Pontiac and go to the grocery store and do our
• 17:26
  biweekly grocery grocery shopping.
• 17:29
  This was during the 70s, during the period where the dollar also
• 17:32
  went down in value significantly.
• 17:35
  But back then, I remember the first time that she complained
• 17:38
  that we spent $100 on two weeks worth of groceries for the
• 17:43
  family. So I thought, well, let's
• 17:45
  compare that to silver. How's silver done against
• 17:50
  against grocery prices over the years?
• 17:53
  And I went back a full 200 years and look at what we discovered
• 18:02
  200 years ago. One ounce of silver could
• 18:06
  purchase a significant amount of food, such as 20 to 30 loaves of
• 18:10
  loaves of bread 200 years ago, or several gallons of whiskey in
• 18:16
  2026. With silver prices around $75
• 18:20
  per oz, its purchasing power has actually increased over 200
• 18:25
  years, allowing for rough roughly 15 to 20 loaves of bread
• 18:29
  or a a week's worth of basic groceries for one person.
• 18:37
  So here's the chart. All right, you look right here
• 18:41
  in 1826, right? An ounce of silver would buy you
• 18:46
  25 loaves of bread today, 20. But what about eggs?
• 18:53
  They'll buy you 15 to 20 dozen 200 years ago, 25 dozen today in
• 18:59
  beef and meat. Well, you can actually buy more
• 19:02
  beef and meat today then you could have 200 years ago.
• 19:07
  So while the dollar degrades, while the dollar goes down in
• 19:11
  value, the paper dollar silver even over 200 years, I know most
• 19:18
  of us aren't going to live that long, but still silver has
• 19:22
  proven again that it that it absolutely maintains it, that
• 19:25
  its value. Thank go.
• 19:27
  Thank you Michael B for a really nice PayPal donation yesterday.
• 19:31
  I wanted to mention that we always appreciate donations.
• 19:34
  Never expected, always appreciated.
• 19:37
  So thank you Mr. Michael B. Now let's look at how about
• 19:41
  $16,000,000 silver. I was so tempted to make a
• 19:44
  thumbnail. Maybe I'll do that tomorrow that
• 19:46
  says $16,000,000 silver. We're going to look at what
• 19:49
  happened to the price of silver in Weimar Germany and why that's
• 19:53
  so important and how it kind of I did.
• 19:58
  Thank you, Susie. I'll, I'll say thank you for
• 20:00
  that here in one second. But let's look at $16,000,000
• 20:03
  silver. All right, here we go.
• 20:08
  This came from chrisduansilvershieldcoins.com
• 20:12
  in this was actually posted 10 years ago.
• 20:15
  This shows gold and silver prices hold on here during the
• 20:22
  Weimar period in Germany, 1913 through 1923.
• 20:27
  And if you look OK, in September of 1921, the silver price was 80
• 20:38
  Deutsche Marks. I guess they were called marks,
• 20:41
  whatever they call them, OK, think of that like $80 today.
• 20:45
  Look, Germany even back then was a very advanced economy, a very
• 20:50
  advanced country. They racked up too much debt and
• 20:53
  wound up printing money. And if we go out just one year
• 20:58
  later, that 80 Deutsche Mark silver turned into 1800 Deutsche
• 21:03
  Mark silver. And then I was shocked when you
• 21:07
  go all the way out here two years later, in September of
• 21:13
  1923, two years later, the price of silver had gone from 80
• 21:19
  Deutsche Deutsche Marks or marks all the way to 16,000,000.
• 21:26
  That's why when people give me a hard time, I, my, my target
• 21:31
  price for silver in U.S. dollars is Infinity, OK?
• 21:34
  And then we talk about $1600. We get a lot of grief for $300
• 21:39
  silver. I'm not proposing that we're
• 21:41
  going to have that type of hyperinflation in the United
• 21:44
  States. Could it happen?
• 21:46
  Absolutely, it could happen. OK, We are not exactly in a very
• 21:51
  good fiscal position in this country, but that demonstrates
• 21:54
  for you what can happen when when countries have too much
• 22:00
  debt and are forced because of fiscal dominance to print more
• 22:04
  and more money. Want to say thank you to 1st
• 22:06
  Mining Gold for sponsoring Ron's Basement, a Canadian gold
• 22:10
  development stage company. 2 huge multi million ounce
• 22:14
  projects in Canada Spring poll in Ontario, Du Parque in Quebec.
• 22:19
  You can learn more about them at firstmininggold.com.
• 22:22
  Do your own research on silver, gold, precious metal, mining
• 22:26
  stock, everything guys, and please always, always be
• 22:29
  responsible. All right, let's go to Vince
• 22:32
  Lancey who talk tells us about Citibank.
• 22:35
  Citibank is becoming very, very bullish on gold and we're going
• 22:40
  to hear from Vince directly why they are so bullish right now.
• 22:45
  You don't see if I can get this on full screen.
• 22:48
  Here's Vince talking about City's latest report.
• 22:51
  City says convexity in gold and the case for vertical repricing
• 22:55
  this year. City outlines the two phase gold
• 22:56
  market near term weakness from cross asset deleveraging, which
• 23:00
  is what we're seeing right now as we speak, followed by
• 23:03
  structurally driven upside as capital reallocates into
• 23:05
  defensive assets with investment demand setting prices and supply
• 23:09
  in elastic. Gold's small market size creates
• 23:12
  outsized move supporting a base case near 5000 and a bull
• 23:16
  scenario towards 7000. We don't see a lot of City
• 23:19
  analysis, but this is one of their bigger and better reports
• 23:24
  with a slide deck of 50 slides and.
• 23:29
  OK, straight from Vince, that was one of city's bigger and
• 23:33
  better reports telling us that we can it could expect and enjoy
• 23:39
  $7000 gold, $7000 gold with a 30 to 1 gold to silver ratio.
• 23:46
  I'll let you do the math, but it's very, very, very exciting
• 23:50
  prospect in our future. Let's go on.
• 23:53
  By the way, my friend Tim Z, Tim Zub is who gave us that $100
• 23:59
  grocery bag of of of sign example earlier.
• 24:03
  Thank you long time basement dweller and a great member of
• 24:07
  our community. Thank you, Tim.
• 24:09
  Let's go on now. Let's talk about more exciting
• 24:13
  opportunities, real numbers, real charts and why gold and
• 24:19
  silver are so undervalued right now.
• 24:22
  Jordan, Roy Byrne put this out, the importance of keeping track
• 24:27
  of the gold to NASDAQ 100 ratio. OK, I just want to pull this up.
• 24:34
  He says this is very important to keep watching right now.
• 24:37
  So what this this ratio measures is the gold price as a
• 24:43
  percentage. So it's gold divided by the
• 24:45
  NASDAQ 100, which I think is right around 28,000 right now.
• 24:50
  So currently let me move this shoot.
• 24:54
  Hold on here guys. Let's move this out of the way.
• 24:58
  Yeah, So currently that ratio sits at .16, OK, with the NASDAQ
• 25:04
  100 being very, very high. I just want to point out on this
• 25:08
  chart that as recent as as recent as 2013, that ratio was
• 25:15
  let's say, .75. If we're at .15 right now, just
• 25:21
  to get back to .75, the, the gold price would have to go up
• 25:26
  five times, 5X from where we are right now.
• 25:31
  Yes, that would be what, 23/20/20, three $24,000 gold.
• 25:37
  And the reason I bring this up, I mean that's what, 13 years
• 25:40
  ago? These are, these are real hard
• 25:43
  numbers. This is real history, right?
• 25:46
  This relationship between gold and the the NASDAQ.
• 25:49
  And I think the argument can be made on many different levels
• 25:53
  that the that the NASDAQ is certainly overpriced and the
• 25:57
  gold has a lot further to run to the to the upside.
• 26:02
  All right, let's go to gold miners next.
• 26:05
  Tavi Costa knocks it out of the park again.
• 26:09
  He says early breakout in minors.
• 26:11
  But what amazes me is how the miner to gold ratio still sits
• 26:16
  at historically undervalued levels.
• 26:18
  The move is likely to accelerate to the upside.
• 26:21
  OK, so this this chart shows the ratio the relationship between
• 26:27
  gold miners to gold, which currently we set at again point
• 26:34
  O 8. So you divide the you divide the
• 26:37
  gold miner index to Philadelphia Stock Exchange gold and silver
• 26:42
  index to the gold price and we are at point O 8.
• 26:46
  If we go back again not too long ago, oh you know, let's say
• 26:51
  easily we were right here .24. So again, the entire sector, the
• 26:59
  mining sector in relation to the gold price is even more
• 27:03
  undervalued when you compare gold.
• 27:06
  Think about that. When you compare gold to the
• 27:08
  NASDAQ, it's grossly undervalued.
• 27:10
  This would be a 3X by the way. Then I'll start over.
• 27:14
  This is ground breaking, OK, Just for the gold miners to get
• 27:19
  back to previous numbers, we would have to have a 3X in the
• 27:25
  gold miners comparing the gold miners to the gold price.
• 27:29
  But then when you compare the gold price to the NASDAQ, you
• 27:32
  know, we could go up 7X5X from here.
• 27:34
  It really is truly incredible the opportunity not only in the
• 27:38
  metals price, but also but also within the mining sector as
• 27:42
  well. All right guys, thanks for
• 27:44
  joining me today. Hey, let's I know.
• 27:47
  Thank you. Upstairs, Susie, hold on here
• 27:51
  one second. Oh, my gosh.
• 27:53
  OK, Shannon, Angel. OK.
• 27:59
  What if the straight opens? Yeah, that's a great question.
• 28:03
  If the straight opens officially, that could be
• 28:06
  extremely bullish for gold and silver.
• 28:09
  We are lined up on so many different levels, technical
• 28:13
  levels on the charts, relationship levels like we just
• 28:17
  talked about, gold to the NASDAQ, gold miners to gold,
• 28:20
  gold to the S&B, all these things.
• 28:22
  But also on the fundamental levels, right, with what both
• 28:26
  gold and silver, the supply demand, we could talk about that
• 28:29
  forever. But even on a geopolitical
• 28:32
  level, with the Straits opening, with oil dropping even further,
• 28:37
  look, I'm wildly optimistic about gold and silver.
• 28:40
  The last few days have been great.
• 28:42
  Volatility goes both ways. We've had some big volatility to
• 28:45
  the upside, but I think we're just getting started.
• 28:49
  In particular when we zoom back and look at this from a number
• 28:52
  of years or decades. Nope, I forgot to add you.
• 28:58
  You're famous on the Internet, Mr. Snow Angel, and I apologize
• 29:03
  if I'm pronouncing that wrong. Thank you guys for joining us
• 29:06
  down here in the basement. We got a lot of great things to
• 29:08
  look forward to. Please come back and join us
• 29:11
  some more. On behalf of upstairs, Susie and
• 29:13
  myself, we'd really appreciate it if you press that subscribe
• 29:17
  button, give the video a thumbs up, and we'll look forward to
• 29:20
  seeing you. Yes, you next time.
• 29:23
  Thank you.