Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER Price Manipulation!** You MUST Hear THESE Facts! - (Gold Price too)

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**SILVER Price Manipulation!** You MUST Hear THESE Facts! - (Gold Price too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Nothing short of unbelievable developments in the silver and
0:06
gold markets, but guys, confidence in the western
0:09
markets is eroding. And just when we thought it
0:12
couldn't get any more bizarre, we had what happened yesterday,
0:16
but it's happening on a much larger scale and it and it signs
0:20
for us good things to come for the silver and gold markets.
0:25
Let's start by talking about news out of India, and then
0:28
we're going to dive deep into the Olmex.
0:30
We are in a new world, a new paradigm for the precious
0:34
metals. Let's go out to India though,
0:36
because India gave us some what I think shocking news right
0:41
here. Breaking huge.
0:43
India now will no longer use the LBMA for gold and silver pricing
0:49
that comes from Reuters. OK, from Reuters.
0:52
What this tells us in no uncertain terms right, is that
0:57
the confidence in the Western markets is becoming less and
1:01
less confident. People are starting to question
1:06
the LBMA and the COMEX. And on top of that, let's head
1:10
out here. This is interesting subject on
1:15
the same article. I'm sorry, on the same subject,
1:18
India's gold ETF valuation shift domestic prices to now replace
1:24
the LBMA in this, this one paragraph says it all.
1:28
On April 1st, Indian Gold and Silver Exchange traded funds
1:31
will shift from valuing physical holdings using the London
1:35
Bullion Market Association morning fixing prices to
1:39
employing pulled spot prices from recognized domestic
1:44
exchanges. Hold on here, OK.
1:47
This regulatory change, driven by the Securities and Exchange
1:51
Board of India in Orange, aims to ensure valuation accuracy,
1:59
reflects local market conditions and fosters greater
2:03
transparency. 2 key things in that sentence.
2:05
They're going away from the Western benchmarks for for gold
2:09
and silver prices because they want to ensure valuation
2:14
accuracy. OK?
2:17
So aren't they saying that maybe they don't think the LBMA and
2:20
the COMEX are accurate, but on top of that, they want to foster
2:24
greater transparency, OK. This is a big signal that
2:28
confidence is beginning to erode in these Western markets, the
2:33
COMEX paper futures market, the LBMA spot market.
2:37
We're going to dive into all that right now because yesterday
2:41
we had a another massive event at the COMEX.
2:45
When the COMEX trading was halted yet again, guys, there's
2:48
a lot to cover on this. And a lot of people who were
2:51
naysayers of the COMEX manipulation theory are now
2:56
saying, you know what, maybe there's something to that after
2:59
all. But let's talk about what this
3:01
means, what happened, and what we can expect in the future.
3:05
Oh, shoot, I forgot. Hold on.
3:07
One more thing on India. Chris Martenson, this is this is
3:10
great. Hold on.
3:11
Let's get this up for you. Now you can see it.
3:14
Chris Martenson said this about what's happening with II caught
3:19
Jane St. more on them. Oh gosh, got also there's a new
3:23
player in the silver manipulation world, Jane St.
3:26
We're going to teach you about that in a little bit.
3:29
But India caught Jane St. manipulating its markets and
3:33
kick them out. That's he's referring to what we
3:35
just talked about, that India will now be using their own
3:39
pricing mechanism to price silver in their ETS.
3:42
China caught accounts abusing its paper silver markets and
3:47
immediately closed accounts. Then he says, congratulations,
3:50
America, you have the most obviously corrupt quote UN quote
3:55
markets on the face of the planet, worse than India's and
3:59
worse than China's. OK, now let's move over to what
4:03
happened on the COMEX yesterday. The shutdown the cartel
4:06
unleashes on gold and silver after the CME trading halt.
4:12
We've got a lot to cover on this guy Silver.
4:15
So they they stopped trading on the COMEX, which is very
4:18
unusual. They'd be like if the New York
4:20
Stock Exchange shut down for an hour, right?
4:22
Remember the quote UN quote flash crash?
4:25
You may remember that from what, 15-16 years ago?
4:28
I mean, this is a big deal and this is not the first time this
4:31
has happened. More on that in a second.
4:33
But silver after this quote UN quote trading glitch that halted
4:37
trading for about about an hour and a half silver got slammed by
4:41
$3 gold got smashed by $70.00. The bullion banks operations
4:46
appear to have been launched in an attempt to prevent silver
4:49
from going from breaking out above $92 per oz because the
4:54
silver price in particular have been way up at that point.
4:57
Things are getting very interesting as we approach first
5:01
notice day in March silver. So here's right an outline of
5:05
the gold market. You can see the red box after
5:08
trading resumed right smash down and let's look at silver after
5:13
it. Wow, silver really got hammered.
5:15
Look at that smash down in the in the silver market.
5:19
Now I want to remind you the same thing happened on November
5:24
28th, the day after Thanksgiving.
5:26
I'm going to look you in the eye before we do that.
5:29
We got a lot more to cover guys, but the most important thing we
5:31
got to cover is you. Yes, you basement dwellers down
5:34
here in the basement with me. Thank you.
5:36
I hope you feel like you found a home away from home.
5:39
Come back and the number one way that you can ensure you come
5:41
back is by pressing that subscribe button giving this
5:44
video thumbs up. Leave a comment in the comment
5:46
section. We want to hear from you.
5:49
Trust me, you don't have to agree with me, right?
5:52
That's how we learn is from each other.
5:53
And you're smart, right? You got a little more
5:56
intellectual horsepower than the average bear.
5:58
And please, super chats never expected, always appreciated.
6:02
But let's talk about the shutdown at the Comex.
6:05
OK, this one and we're going to dig into this one that happened
6:08
yesterday a little bit more, but let's remember the day after
6:11
Thanksgiving, they shut down the COMEX when the market was
6:14
exploding higher again because of cooling issues.
6:18
Need I remind you that the Lomex data center is like in the
6:22
suburbs of Chicago? And on that day where they had a
6:26
cooling issue, I think the temperature was like -45°.
6:30
It was cold, OK #2 the speculation is that they're
6:36
doing this to save the shorts. But #3 when we look back at
6:40
November 28th, do you know what silver was that when they shut
6:43
shut down the markets last time in November, just what, two
6:46
months, three months ago, $55 per oz.
6:49
From that point forward, it raised from 55 all the way to
6:53
120. So I think we got a lot more to
6:57
cover on this subject. It's crazy.
6:59
The other insane thing they did yesterday was they closed out
7:04
all, all of the orders, OK? It's it's nuts what they're
7:07
doing. This came from Guru Focus, the
7:10
CME Group. OK, and I'm going to tell you
7:12
about the CME Group, the difference between the CME
7:15
Group, the Comex and the Nymex in a little bit.
7:18
But they announced and they're that they're basically saying
7:21
the Comex, Comex order cancellations on metals and
7:25
natural gas contracts. So not only did they shut shut
7:29
the market down, but they cancelled all the orders, all
7:32
the day orders from that from yesterday, from Wednesday and
7:36
also the good to date orders with Wednesday as the date, OK.
7:41
They basically wiped out all the Wednesday specific orders, which
7:46
is very strange. The good to cancel orders,
7:48
meaning the ones that are out there forever.
7:50
They remained active. But the COMEX is becoming are
7:56
you feeling it? Like I'm feeling it.
7:57
Look, I was never a huge huge like, oh, the comex is you know,
8:02
I, I, I never believed the comex.
8:04
I know the theories and people. I was never a huge like
8:07
proponent of constantly talking about price manipulation.
8:11
But are you starting to feel it because I wrote this down and I
8:14
think it, I think it describes the situation at the at the
8:17
comex. They are becoming aggressively
8:20
fictional and wait till you hear about China and minus price
8:24
right now. But the COMEX in the LBMA are
8:27
becoming increasingly fictional. Maybe you like fiction, I don't
8:32
know, but we don't like it when it comes to quote UN quote
8:35
pricing silver. And it sure feels like it's
8:38
coming to an end. OK, now let's talk about the
8:41
COMEX default that everybody's all up about the blow up at the
8:45
COMEX not being able to deliver, blah, blah, blah.
8:49
There's a lot of different theories.
8:50
I don't think that it's going to happen immediately.
8:53
I hope I'm wrong, OK, I hope I'm wrong on that.
8:57
But David Morgan brought up a very good point and David Morgan
9:01
has been in this shoot. Did I forget to show that?
9:04
There's the Guru focus article and here we go.
9:09
Here's David Morgan what he has to say about this likelihood of
9:13
a comex complete blow up right away.
9:15
He says the fact is the COMEX is not going to default in March.
9:20
Contracts are being liquidated or rolled in an orderly fashion.
9:25
This is normal every delivery month.
9:27
Yet we continue to see statements that the COMEX is
9:30
being drained and and that the default is imminent.
9:34
OK, So they're either, what he's saying is the contracts are
9:37
either being rolled forward to what is it, the May contract I
9:41
think is the next one, or they're being cashed out.
9:44
Basically, they're being cancelled out, closed out,
9:46
however it works. But at minimum we know that
9:50
there is massive, massive stress right now in the COMEX, in the
9:54
COMEX markets. And Vince Lancey put something
9:57
out yesterday. And again, he's not a he's super
10:00
respected, not a sky is falling sensational type person when it
10:05
comes to talking about these metals markets.
10:07
And I think he even was worked on the floor at the maybe the
10:10
Nymex. I'm going to tell you are the
10:12
are the COMEX in New York. I mean this guy knows what he's
10:15
talking about, but he had a little bit different
10:18
perspective. This is interesting to hear how
10:21
Vince sees what's going on. He says this and that's VBLS
10:26
Ghost on X. He says COMEX de risk is real.
10:31
The COMEX open interest continues to decline as bullion
10:36
banks cover their shorts into liquidate and into liquidating
10:40
long funds in the most amazing bullion rally in history.
10:47
While we love when you say that, that's I can just hear him
10:50
saying it. Meanwhile, SLV, which is the
10:54
silver ETF gets new longs every day.
10:57
OK, So the open interest is going down, but we're getting
11:01
more and more people that are investing into the SLV.
11:05
But I got a big warning about that with this Jane St.
11:09
We're going to talk about that later because there's a new
11:11
Trickster in town when it comes to potential manipulation.
11:16
Some people are speculating within the silver market, but
11:19
Vince says it in red. The COMEX is being abandoned.
11:23
And what did we hear about earlier, right, India moving
11:27
away from using the LBMA, but essentially using the Western
11:31
pricing structure to price their ETF.
11:34
And we know what China's up to then Vince says it, maybe those
11:38
rumors about delivery and default risk are more than
11:43
rumors, OK. And there's the chart down there
11:46
which shows the daily open interest in the COMEX futures
11:50
market, which you can see on the right hand side is really
11:54
collapsing. I don't know how far does that
11:56
go back, goes back? Is that a year or maybe till
11:59
November? But nonetheless, we've got a
12:01
big, big draw down down in open interest at the COMEX, OK.
12:06
And I would say that Vince sounds a little suspicious,
12:09
which again is not what what you typically hear from him when
12:13
he's talking about these metal markets.
12:15
All right. And but wait, there's more, OK?
12:18
Because even people who've been in the futures markets for a
12:22
long time and we're always skeptical of what's happening,
12:26
right are of the manipulation story.
12:29
Excuse me? They weren't too skeptical of
12:32
what was happening, but they were right skeptical of people
12:36
that said oh, the comex is to the crime Max and blah blah
12:39
blah. Well, let's go take a look at
12:41
one of those guys who's been around a long time and we dug
12:45
in. This is Peter Brandt.
12:47
Peter has 891,000 followers, almost a million followers on
12:55
the X platform. That is huge in the financial
12:58
sector. He says For years, OK, And this
13:02
guy's been in the futures markets for like 40 plus years
13:05
for since 1976. OK, when I was six years old, he
13:09
says for years I poo pooed the conspiracy theories surrounding
13:15
the COMEX and manipulation of silver prices.
13:18
Now I'm on the fence. The exchange is not accepting
13:23
orders. Is force majeure coming?
13:25
Question mark, question mark, question mark and a few more
13:29
question marks after that. Again, guys, this is he he's
13:33
been he was like a a best selling author.
13:36
What else did I have about him? I mean he's this guy is been
13:41
around the block and in the futures markets and all he ever
13:45
said was Nah, those people that say silver and gold are
13:49
manipulated blah blah. Even he now is beginning.
13:52
Think about it. The COMEX shut down yesterday.
13:55
Why? Because of a technical glitch.
13:58
These big markets, they got backup system.
14:02
They're going to run out of excuses soon.
14:06
Remember last time right in November it was a cooling issue
14:10
that they shut down the COMEX for.
14:12
This time it was a technical glitch that and I think they use
14:17
shutting down natural gases cover.
14:18
Possibly, I'm speculating whatever.
14:21
Maybe the price of gold and silver isn't.
14:24
Maybe the price of gold and silver isn't manipulated after
14:27
all. And you know what?
14:28
I also believe in Santa Claus. I'm being sarcastic when I say
14:35
that I can get in trouble for being sarcastic.
14:37
With upstairs Susie, we got a ton more to cover, a ton more
14:41
about the Comex, the Nymex, the Crime X, the CME, all that great
14:45
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OK man, there's so much going on.
16:08
Let's talk about an explanation of you.
16:11
We throw these words around all the time.
16:13
The COMEX, the CME, the Nymex. Let's just so we understand what
16:19
we're talking about. I have a brief presentation for
16:21
you that'll give you an understanding of what we're
16:25
looking at. OK, here we go.
16:27
So the CME Group, which is what all the headlines said
16:30
yesterday, the CME Group shut down silver gold trading.
16:33
They actually own the COMEX Now it gets a little more
16:37
complicated, but it'll be easy for you to understand.
16:40
The CME Group is the world's largest derivatives, which means
16:44
fake paper make believe Fantasy Island Marketplace and operates
16:49
4 major main exchanges, the CME Group, the Chicago Mercantile
16:55
Exchange, the C bot, the Chicago Board of Trade, the Nymex.
16:59
Remember that the Nymex, the New York Mercantile Exchange, and
17:03
the COMEX OK Now that what is the COMEX do?
17:08
The COMEX is a division of Nymex.
17:12
So at the very top the parent company is the CME Group.
17:15
The CME Group owns the Nymex, OK and the and and the COMEX is a
17:21
division of the Nymex. So at the very it goes from top
17:24
to bottom, it goes CME Group, Nymex, COMEX.
17:28
And what does the COMEX do? Well, they manipulate the price
17:32
of silver and gold. Now speculation only
17:35
speculation. COMEX, a division of Nymex is
17:39
the primary platform for trading metals, futures and options.
17:43
OK, now you may be asking just for fun.
17:46
I thought, what's a good simple definition of the difference
17:50
between the COMEX and the LBMA? And here we we have it.
17:55
Get the right screen up. The primary difference between
17:59
the COMEX and the LBMA is in the type of trading and settlement.
18:05
OK, two things. Trading and settlement.
18:07
The LBMA, the London Bullion Market Association, I tell you,
18:11
they've been providing us with an accurate reflection of the
18:14
price of gold and silver for decades and decades, centuries.
18:18
A wholesale physical market. Physical market where gold is
18:22
traded over the counter. It sets the global benchmark
18:25
spot price twice daily for the immediate delivery of actual
18:32
bullion. OK.
18:35
The COMEX, which is a division of the Nymex, which is owned by
18:39
the CME Group, is a futures exchange where participants
18:43
trade standardized contracts or as we like to refer to it,
18:47
Fantasy Island. Silver and gold for gold and
18:50
silver at a set price in the future.
18:53
OK, So for delivery in the future, like we're talking about
18:56
the March contract, which would be delivery in March and the May
18:59
contract which would be it's a price for silver at a certain
19:03
date in the future. Most trades are settled.
19:06
This is the key in cash or rolled over like we were talking
19:11
about David Morgan saying earlier why the COMEX won't blow
19:14
up necessarily. It will eventually, I
19:18
wholeheartedly believe. But but they what they can do is
19:21
just settle it for cash or they can roll the contracts forward
19:25
to the next delivery date. Most trades are settling cash
19:28
are rolled over with very few resulting in physical delivery.
19:33
But but and it's a big butt and you know, I like big butts.
19:37
I will not lie. OK.
19:38
We are seeing more demand for delivery from the COMEX now than
19:43
we've seen in during previous periods, which is leading some
19:46
people out there to speculate or some predict that we could run
19:52
into some serious, serious problems at the at the COMEX.
19:56
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21:00
But wait, there's more. OK, OK, here, let's look.
21:03
Let's look at this. So the CME Group puts this out
21:06
yesterday, right when they shut down the the trading in the
21:10
markets. Oh, darn it.
21:12
Hold on a second. Hold on, guys, I'll be right
21:14
back. Hold on.
21:15
You know what? I'll bring you out the first
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Mints website for a second. I need to pull something up.
21:21
We're having some tech issues. Bear with me.
21:23
Just one second, hold on. Just one second, hold on.
21:33
See if I can find this for us. Here we go.
21:37
I found it. Woof.
21:38
I was getting worried there. All right, so there you are.
21:41
There's the year of the horse coin at first Mint, but now
21:46
we're going to switch over to this.
21:47
I hope this works, but this is the CME Group's press or tweet
21:53
yesterday press release, however you want to say it.
21:55
Due to a technical issue, meaning that the shorts were
21:59
getting clobbered, the CME, Globex metals and natural gas
22:03
futures and options markets were halted at 12:15 today.
22:06
Natural gas futures and options reopened at 12:50.
22:10
Metals markets will reopen. That was a full hour and a half.
22:13
But the funny part was how people replied, OK, I think I'd
22:21
like my money back. OK, but there was more there.
22:23
Oh, this one. This is the one I love that's
22:28
from the dude we love the dude he's always giving us well, he's
22:32
giving us something there, but he's also giving U.S. data on
22:35
the paper amount here we go PM bug this one look at this saying
22:40
BS people Oh yeah there we go look at this he's laughing.
22:47
So while it's not funny that they manipulate the price,
22:51
Crooked Casino exposed, it's interesting to see that the
22:55
world is. We love that one, The dude.
22:59
That's funny. Let's see if the dude put out
23:01
yesterday's even though they shut down the market for an hour
23:04
and a half. I wonder if the dude was able.
23:06
Here we go. Yeah, the silver market traded
23:09
yesterday, 564,000,000 paper oz. OK, so this was yesterday,
23:14
Wednesday, the day that they shut down the market for an hour
23:17
and a half. And they're like, they have like
23:18
banker hours. They're only open for a little
23:20
bit anyway. Anyhow, they traded 564.
23:24
We'll come back to this. Hold on one second.
23:30
They were they, they had a technical issue with the crime
23:32
comex yesterday and they shut down for an hour and a half.
23:35
But, and I'll say it one more time, I like big butts.
23:38
I will not lie. They still traded 564,000,000
23:42
paper ounces of silver. Imagine that.
23:46
You don't have to be Albert Eisenhower to figure out that on
23:49
an annual basis, the entire mining sector only produces 800
23:53
million. But in a day that was shortened
23:57
by a special break due to a technical glitch, they still
24:00
traded 564,000,000. Nearly 73.6% right of the entire
24:06
annual mining production was traded in a shortened day at the
24:11
Comex. I digress.
24:12
Let's go back to the dude who continues on by saying the open
24:18
interest roll over rolled over significantly after the CME
24:22
quote UN quote glitched and work the backroom deals to prevent
24:25
the default. The criminality is another level
24:28
of fraud. How much longer till a force
24:30
majeure or a default? OK, all right guys, the comex
24:36
and they will not OK, here we go.
24:38
Here we go. I'm here comes the preach.
24:40
Just remember, these guys aren't going to go down easy.
24:44
OK? We're seeing it now that the the
24:47
day after Thanksgiving, what happened yesterday, They're not
24:50
going to stop at anything, including maybe just shutting it
24:54
down for a day or two if they have to force majeure, whatever
24:58
it is, but they are not going to go down easy.
25:00
Be prepared. I know we're having some
25:02
volatility in the silver and gold price today.
25:04
Be prepared. OK, Now I got big scary warning
25:09
coming your way cuz there's another manipulator potentially
25:13
speculation, but this, I think we would need to pay very close
25:17
attention to another potential bad actor in the world of
25:21
manipulation when it comes to the silver and gold price.
25:25
And this is a company called Jane St.
25:27
Jane St. Capital.
25:29
It's a big hold on. Let's just go out and look at a
25:31
couple things here 1st and I'll explain to you what is going on.
25:36
This is getting a lot of attention in.
25:38
This comes from Zero Hedge. Zero Hedge is reliable.
25:41
I break them up there when it comes to financial news as being
25:45
at the very, very top. They say we have been huge
25:49
silver bowls since 2009. I can attest to that absolutely,
25:54
because I've been with Zero Hedge that whole time.
25:56
But be very careful here. There's lots of financial
26:01
engineering going on. Referring to the quote UN quote
26:05
glitch at the COMEX yesterday. But this is even more important.
26:09
James St. not only added a record 20 million shares of SLV,
26:15
that's the silver ETF in Q4, it is now also the biggest holder
26:22
of SLV. And there's a big reason why
26:25
that can scare us. We need to be on alert as silver
26:29
investors. But at least it's being brought
26:31
out in the open because these guys are a hyper aggressive.
26:35
And let's say there's some people out there that say unfair
26:40
trading firm. OK, recently, I want to read
26:43
this to you. Yeah, yesterday or the day
26:45
before, there was a huge crypto blow up that occurred, I don't
26:49
know, a couple years ago, it was a a company called Terraform
26:52
Labs. They had a stable coin, which
26:54
means it was pegged to the US dollar.
26:56
It blew up. People lost billions and
26:59
billions and billions of dollars.
27:01
Some people unfortunately, even took their own lives over it.
27:04
It was a big, big deal. OK, But now there's a lawsuit
27:09
between the bankruptcy attorney for Terraform against Jane St.
27:14
saying that basically they engaged in insider trading, that
27:19
they were in even a speculation I'm hearing, instrumental in the
27:23
downfall. That was that crypto called Luna
27:25
and I think the other one was called UST.
27:27
This was a huge, huge deal, and apparently these people at Jane
27:32
St. The accusations are from the
27:34
lawsuit that they did big insider trading they dumped and
27:38
they were even part of the cause for what happened and for people
27:41
losing billions and billions of dollars.
27:44
That same company now is the biggest holder of the SLVETF.
27:50
That is scary because the speculation is and I don't want
27:53
to be negative, but the speculation is that they we
27:57
could manipulate the price of silver through this being the
28:00
largest holder of the SLVETF. Also it's of note to to to
28:06
realize that this company Jane St. that guy Sam Bankman freed
28:11
the one who was the other big crypto blow up that occurred.
28:15
What was that FTX another one where there was a horrible
28:18
situation for many many, many people.
28:21
Sam Bankman freed actually, if I had this correct worked at James
28:25
St. It's it's we need what's good
28:30
OK, it's scare two things. It's scary a little bit for
28:33
silver investors what's going on with James Street, but it's also
28:36
good that people are pointed it out.
28:38
I'm pointed it out. It's all over the X platform.
28:41
So if they try to pull some shenanigans, not that anyone
28:45
would ever want to pull any shenanigans with the silver
28:47
price, there's going to be a lot of eyeballs on it, A lot of
28:50
eyeballs. So that's the silver lining.
28:54
Pardon the fun to the whole situation.
28:55
Let's go to China. This is it's crazy, the absolute
29:00
crazy, the price difference between silver and China and
29:04
silver on the LBMA and the COMEX really just.
29:09
I want. To check in with you OK,
29:12
upstairs, Susie just chimed in. She wants to check in with us.
29:15
Let's go look at this. Our friend, the Oriental ghost,
29:17
the one and only OK guys, get ready, take your blood pressure
29:22
medicine because here's the February 26th data from the
29:27
Oriental ghost We we love him. OK, this is the Shanghai Gold
29:32
Exchange silver price. This is their physical market,
29:36
the equivalent of the LBMA, $98.22.
29:41
Here's silver on the Shanghai Futures Exchange, 102 dollars.
29:48
I want to point something out to you. 100, let's say $102.50.
29:52
Let's go look. OK, it where that's their
29:55
futures market one O 250. Let's go look and see where
29:59
silver is on the futures markets in the West.
30:02
And here we are looking at silver on the COMEX.
30:07
For those of you who are new, this is the COMEX right there.
30:10
I'm shoot, hold on here. Hold on guys, let's make that
30:14
prettier silver comex. That's the March contract.
30:19
Remember what we learned earlier, right?
30:21
This is the a future price of silver on a certain date,
30:25
$86.50. What did I say it was in China
30:30
one on hold on. OK, so let's go back here.
30:34
Hold on one O 250. So that's $2.50 plus 1350.
30:44
If my math is correct. That means the price of silver
30:47
on the futures market, right? Comparing futures markets to
30:51
futures market is a full 15 if my math is wrong.
30:54
Or possibly as high as $16.00 per oz higher in China.
30:59
And China is the new price setter, the new price discovery
31:03
center of the universe for gold and silver.
31:07
Then in India, because they both have 1.4 billion people each,
31:10
they're consuming all the world silver and gold.
31:13
And as as as someone pointed out earlier, right, they actually
31:18
are regulating their markets. I mean, come on, how can we even
31:21
say that that is the COMEX even regulated?
31:24
No, I mean, you know, it's a joke with the minimal regulation
31:31
and oversight that we've had in the last number of years.
31:34
Think about this, right? We, we, we know that the minimal
31:37
amount of oversight of that market that JP Morgan was was
31:42
convicted of spoofing, right? That there were fines paid and I
31:45
believe a couple guys even went to jail, right over spoofing
31:49
these markets. It's crazy.
31:50
It's a joke, guys. You know, let's go one more
31:53
positive fun thing. I got one more big positive one
31:56
thing, but let's check in with Susie first, because upstairs
31:59
Susie had something she wanted to share.
32:03
Are you there over SO? Yeah, hey, you got 450 likes.
32:09
I was trying to like rally everyone to get to 500 and I
32:12
thought if you get to 500 or even just now, say hi to a few
32:16
people before you sign off. OK, and ring the bell.
32:19
All right, I will say hi. I will say hi to a few people.
32:21
I will ring the gong. Before we do that, let's go to
32:24
our favorite precious metals optimist, Rashad, and see what
32:28
he's saying about where the silver and gold price.
32:30
And this guy's been real accurate as of late.
32:33
Rashad, Rashad, Rashad, we love you.
32:36
Hold on here. Wrong one.
32:38
There we go. Yep, here we go.
32:42
Rashad said this why I expect $102.00 to be a stopper on the
32:48
initial attempt. He's talking about the silver
32:51
price because previously broken support is going to act as
32:54
resistant resistance, but it should not halt silvers run for
32:58
long. Silver should spend up to two
33:01
weeks working around the $100 level.
33:04
Hey, that sounds good to me before it frees and grinds
33:07
higher towards all time high by the end of March, I expect April
33:12
May to be explosive. My price target is 240 to $260
33:19
per oz silver price by May of 2026.
33:24
You heard it, 250 will round in the middle.
33:28
So what he's saying right is that we are going to get here's
33:31
100 on his chart right here, right?
33:34
He expects silver in the near term, Just shoot up right into
33:38
that level. But then as you can see, he's
33:41
got it circled right. There's going to be a resistance
33:44
level maybe 3 weeks or so that we levitate around there and
33:48
then OK by boom up arrow and he's talking about $250 silver.
33:55
Wow, that's incredible Upstairs, Susie, please Alert me when we
33:58
officially get the 500 thumbs up.
34:00
I will ring that golden gong. But before I do that, I want to
34:03
say hi to you guys. I'll do my best to, to to say
34:07
where you're joining from in the comments section.
34:10
Tell us where you're joining from the country you're from the
34:12
state, the city, the planet. I don't care.
34:15
I want to recognize you because we've got the best community
34:18
ever in precious metals. We are the basement dwellers.
34:21
By the by the way, don't forget to please subscribe to the
34:23
channel that makes upstairs Susie extra special.
34:26
Happy I'm pulling up my comments so I can see him.
34:29
I'm going to read as fast as the UK.
34:31
Boston, France. I love it.
34:33
I was just in Paris. I loved it.
34:35
Fake upstate New York, Sweden Susie Swedish Vermont Northern
34:40
Canada Cambridge MA Florida California New York City Oh my
34:47
gosh. Kentucky, Texas here Ron Susie
34:49
chat UK Ontario, Canada NE Atlanta Alaska Florida India
34:56
Georgia Vancouver, Auckland New Zealand, Texas The country of
35:00
Texas Oklahoma, Estonia, Atlanta, Turkey, India.
35:05
Hey, India, cool. Israel Oh my gosh.
35:08
Iowa from Israel to Iowa, Michigan, Hong Kong wow, that's
35:15
cool. Montana, Panama, Malaysia,
35:17
Fairbanks, AK Pakistan are envision the globe guys.
35:21
Indiana Oh my gosh, that that is one of the most powerful things
35:26
about the Germany, London, London prison, Folsom prison,
35:31
Bangalore, Queensland, Australia, Michigan.
35:34
Your garage. I'll come out and say hi to you.
35:37
Egypt. New England.
35:39
Pluto. Earth.
35:41
Airborne. What?
35:42
That's awesome. Northern Nevada.
35:45
Virginia. II.
35:47
Pluto, Maybe. I love people from India.
35:50
People from India are always so nice, very smart.
35:52
And guys, don't forget people. All right?
35:54
I can't read anymore. Bahrain.
35:56
India. Uranus.
35:59
Did Susie say that? Wait a minute.
36:01
Virginia, man, people from India, we can't.
36:04
Do you believe what's going on with precious metals?
36:07
Remember, people in India love gold and silver, right?
36:12
People in I'll ring the bell, people in China love gold and
36:18
silver. I know I say it almost every
36:20
time, but that's such a in those they're smart people, they're
36:23
family oriented. They totally it's different than
36:27
us in the West, right that don't they don't there's somebody from
36:31
Mars, Pakistan, Singapore anyway, we it's it's the it's
36:35
like the inverse or the opposite of what we are in the West and
36:38
the West hardly know anybody likes precious metals, right?
36:42
We're like, part of an elite group, right?
36:44
But in India and China, they all of it.
36:46
And their economies are going like crazy.
36:48
They're getting richer and richer because they're hard
36:49
working, they're smart, all that good stuff.
36:52
It really is like, man, the next 10 years are going to be wild,
36:57
wild, wild. Let's ring the golden gong.
36:59
That always brings us some good luck.
37:02
OK, We're going to ring it five times.
37:04
Let's check in with upstairs. Susie, though, to make sure.
37:07
Did we get to 500? Thumbs up, Susie over, you know.
37:10
What? You have three more to get to
37:12
600. Whoa, We're going to get to 600.
37:15
OK, I'm going to ring the bells. Thank you, Susie says.
37:20
Thank you. You want to say hi to everybody
37:23
real quick? Hey.
37:27
Everyone, thanks so much for taking time out of your day to
37:30
be. Here we really appreciate.
37:32
It. Welcome.
37:33
All right, Welcome to the basement.
37:34
Let's ring the gong 6 times. I'm always fascinated at how it
37:47
resonates, But the real thing that resonates with me is you.
37:50
This is possible because of you. Thank you so much for joining me
37:54
down here in the basement. It really is true.
37:56
It's a cold, dark, dank basement without you being down here.
37:59
We get together digitally. Oh, we got a super chat.
38:03
All right, hold. Yeah, Hold on.
38:06
I'll shoot. I will.
38:08
Wait a minute. Wait a minute.
38:09
I can't read it. Oh, boy.
38:12
Hold on, guys. I'm going to figure this out.
38:15
Here we go. OK.
38:17
OK, OK. Cool.
38:18
That's from Disco. Is this right?
38:20
Disco. Yeah.
38:21
Disco Laser, I just joined in. Not sure if you addressed the US
38:26
Mint releasing the set no 1776 to 2026 Silver Eagles.
38:32
I got 3 before it sold out in 20 minutes.
38:35
Well, congratulations. No, that's breaking news from
38:38
me. Sounds like the US Mint put out
38:40
some special edition Silver Eagles and they got snapped up
38:45
like everybody's snapping up the silver.
38:47
Hey Disco, thank you for the Super chat.
38:49
Always appreciated, never expected.
38:51
I appreciate you. I appreciate everyone one who's
38:54
here. And look, we're going to see
38:55
you. And yes, it's true.
38:57
I see you right now. We'll see you next time.
39:00
Have a great day. Thank you.