Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER Price Turmoil 🚨 - PAUSE or Permanent?... (Gold Price Too)

Transcript

🚨 SILVER Price Turmoil 🚨 - PAUSE or Permanent?... (Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  The silver and gold price under attack, is it a pause or is it
• 0:06
  permanent? Is the bull run over or do we
• 0:09
  have brighter days ahead? We're going to get to the bottom
• 0:12
  of it in this video because there's a couple key things
• 0:15
  going on that we need to talk about that we need to consider
• 0:19
  as we consider our thesis that silver, gold, platinum are a
• 0:23
  smart investment, a smart way to protect our wealth.
• 0:27
  Thank you for being here this morning.
• 0:29
  Please subscribe to the channel. Give this a thumbs up.
• 0:32
  That'll help us get the word out to more people, people like you
• 0:35
  and you. Are you, Yes, you.
• 0:38
  There's only one you, and you are the most important part of
• 0:41
  Ron's basement. Let's get right into it.
• 0:43
  What has been causing this downdraft in the silver price
• 0:47
  and the gold price? And do we have legitimate reason
• 0:52
  to be concerned? Right.
• 0:54
  Look, guys, we've talked about this.
• 0:56
  We're going to have wild, wild moves.
• 0:58
  We've already had wild moves. This morning.
• 1:00
  I looked at the silver price, down $0.20.
• 1:03
  I looked at about 1/2 hour later, it was up like 15 cents.
• 1:06
  I was very happy. You're right, I don't like these
• 1:10
  down days. Neither do you.
• 1:12
  But we were up and now all of a sudden we're down again.
• 1:15
  What is causing it? Let's dive right in.
• 1:17
  I want to share with you what they're claiming the issue is.
• 1:23
  Let's go to Kitco and our friend Niels.
• 1:26
  I'm sorry, not Niels. Ernest.
• 1:28
  OK, wait a minute. Where did it go?
• 1:30
  Bear with me here. Just one second, guys.
• 1:33
  Just one second. Just one second.
• 1:37
  That's the wrong article. Hold on here.
• 1:42
  You get to watch me go through a little bit of challenge here.
• 1:48
  We're gonna get to this article because they're claiming they're
• 1:51
  trying to tell us. OK?
• 1:53
  They're trying to tell us that this is all about inflation in
• 1:58
  raising interest rates. I mean, it doesn't make any
• 2:03
  sense. OK, here we go.
• 2:10
  Here we go. Here we go.
• 2:13
  All right, let's get back here. Let's get back here and let's
• 2:18
  get here. Our friend Neil's gold prices
• 2:20
  remain under pressure as the Fed sees possible rate hikes if
• 2:25
  inflation picks up. We got news, guys.
• 2:29
  This, this, this is, this is noise number one.
• 2:32
  But we want to understand why in the short term we're having this
• 2:36
  drawdown in the silver price and gold price.
• 2:38
  It's all a bunch of BS. We know the reality.
• 2:43
  Inflation is not going away. The cat is out of the bag.
• 2:48
  The ship has sailed. the Fed actually needs inflation if they
• 2:52
  want any hope to perpetuate the system any further.
• 2:56
  And inflation is just another way to say that the dollar is
• 3:01
  going down in value and at the same time the value, the real
• 3:06
  value of gold and silver going up says although the US monetary
• 3:10
  policy has become a secondary factor in the gold market.
• 3:14
  That's very interesting that Neil's brought that up, right.
• 3:17
  What's the primary factor? And I have a new chart that I
• 3:20
  drew up that I'm going to show you here in a second that will
• 3:23
  show you what in in no uncertain terms with the primary factor is
• 3:28
  persistent inflation could create some further selling
• 3:31
  pressure on gold and silver as it could force the Federal
• 3:35
  Reserve to raise interest rates again, according to the minutes
• 3:39
  from the April May Federal Open Market Committee meeting.
• 3:44
  OK. So in recent days, members of
• 3:46
  the Monetary Policy Committee have said that while they are
• 3:49
  not ready to cut interest rates as inflation remains stubbornly
• 3:53
  elevated, they are also not looking to raise them.
• 3:56
  However, the minutes of the Fed meeting show that another rate
• 4:00
  hike could be a possibility. Oh, yeah.
• 4:03
  OK. This is where we have to laugh.
• 4:08
  OK. Various participants mentioned a
• 4:10
  willingness to tighten policy that means raise rates further
• 4:14
  should risk to inflation materialize in a way that such
• 4:18
  an action became appropriate. The minutes said the gold market
• 4:22
  is not reacting significantly. Well, it is now, right?
• 4:25
  We're down, down, down, down. the Fed could have to raise
• 4:28
  rates. Oh my gosh, we've actually
• 4:30
  talked about this about a month ago, right?
• 4:33
  the Fed is like in a, in a smoke and mirrors box at this point,
• 4:38
  guys. Sure, right.
• 4:40
  If inflation continues to go up, and by the way, it will continue
• 4:45
  to go up, sure, the Fed can raise rates, right.
• 4:47
  If inflation goes to 12%, thirteen percent, again, that's
• 4:51
  what the Fed wants. That's the only, that's the only
• 4:55
  survival mechanism that the Fed has at this point.
• 4:59
  Yeah, sure, they'll raise rates. The big key is the inflation
• 5:03
  rate will be higher than the prevailing interest rate.
• 5:08
  A lot of people would argue that's the case right now.
• 5:10
  If you if we actually calculated inflation the same way that it
• 5:14
  was calculated back in the 70s and 80s, it's all smoke and
• 5:17
  mirrors. It's all short term noise.
• 5:19
  But that my friends, is the reason why we had that drawdown
• 5:24
  yesterday, which is continuing through today.
• 5:27
  Within the silver and gold market, there's a major battle
• 5:32
  going on right now, a massive war, not just in the Ukraine,
• 5:37
  not just in Israel, not just potentially in Taiwan and and
• 5:41
  everywhere else in the world. There's who knows how many World
• 5:44
  War, there's a war going on in the silver market, in the gold
• 5:49
  market right now. They are afraid of the silver
• 5:53
  squeeze, OK? They are shaking in their boots
• 5:57
  about the silver squeeze. They're going to use any
• 6:00
  opportunity they can. I looked at the charts this
• 6:02
  morning on silver. It was like the price got
• 6:05
  pummeled. I don't know, 20 or $0.30 in the
• 6:08
  matter of seem like minutes, right?
• 6:10
  They will use every chance they can, every last bit of ammo they
• 6:14
  have to pummel the silver price. But hang in there, OK?
• 6:17
  Because what we're talking about is the coming final battle of
• 6:22
  the electronic markets, the COMEX and the LBNALBMA, the
• 6:26
  London Million Market Association, the manipulators
• 6:30
  versus real money, real physical demand.
• 6:34
  And what do we know, right? I'll tell you this right now if
• 6:39
  I don't have a crystal ball, but I believe we will have another
• 6:43
  surge up in the silver price and the gold price.
• 6:47
  And when this next one happens, that's when we'll have more and
• 6:51
  more people piling in. I have a graph I want to show
• 6:55
  you that I put together. Hold on here because I think we
• 7:01
  all know this, but I think that it's important for us to
• 7:05
  visualize this. This explains what has gone on
• 7:10
  and is going on right now in the silver and gold market.
• 7:14
  If you look at the top silver, I spelled silver wrong initially,
• 7:17
  so I had to put a little R in there.
• 7:18
  But silver and gold, physical metal, OK.
• 7:22
  And then to the right of that, we have mining stocks.
• 7:25
  You only see one green check mark on that, on that, on that
• 7:29
  graph, right? One out of four.
• 7:31
  That's because the only place where there's huge demand right
• 7:35
  now for physical silver and gold is in China, in India, in the
• 7:41
  BRICS countries. That's the green check mark.
• 7:43
  If you if you go down to the United States and the West, we
• 7:47
  don't have big demand for physical silver.
• 7:50
  This move that we had in the silver and gold price had
• 7:54
  nothing to do with the United States.
• 7:56
  We know that premiums are low. That's the biggest indicator as
• 8:00
  to the actual retail demand for physical silver and gold.
• 8:06
  We know that the ETFs have been having withdrawals, the SOV and
• 8:09
  the GLD if they even really hold physical anyway.
• 8:12
  But none the less we won't go down that path.
• 8:14
  Their holdings are down. The only place that there's been
• 8:18
  demand for physical is in the with the Chinese and the bricks
• 8:22
  and the mining stocks. I got news for you.
• 8:24
  People in China and India don't buy precious metal mining
• 8:27
  stocks. So that's a big X.
• 8:29
  Also in the USA and the West, there's no demand for the mining
• 8:34
  stocks. And you can see that by looking
• 8:36
  at the Hui. That's the gold bugs index, the
• 8:41
  ratio of that to gold, which is darn near at all time lows.
• 8:46
  So in the West, we don't have demand for the physical metal or
• 8:50
  the mining stocks. The only place that this is
• 8:52
  going on is on the physical side in China and India, right?
• 8:58
  And China's more than happy to take all of our physical gold
• 9:01
  and silver. They're like, yeah, send it on
• 9:03
  over guys. You know, we'll take it.
• 9:05
  It's it's, it's, it's all yours when the Westerners do wake up.
• 9:10
  OK. And if you're in the mining
• 9:11
  stocks, I am in the mining stocks as well into physical
• 9:14
  metal. If you're in the mining stocks,
• 9:17
  when it does pick up in the West, when it really picks up
• 9:21
  and it's it's was starting right and we're at a very delicate
• 9:25
  place right now. But when it really picks up,
• 9:28
  those mining stocks could prove to super, super take off.
• 9:32
  I want to show you this next chart.
• 9:35
  This one just absolutely blows me away.
• 9:38
  This is good news for physical gold and silver, OK.
• 9:43
  This is also good news for precious metal mining stocks.
• 9:47
  This comes from First Mining Gold's investor presentation,
• 9:50
  and it has to do with the company, but it has really more
• 9:53
  to do with the general market. Guys, this is a chart that shows
• 9:57
  all the way back to 1990. Those big yellow bars, Those are
• 10:02
  gold discoveries in the world. Look how much gold was
• 10:06
  discovered in 1990, Almost a quarter billion ounces.
• 10:10
  Look in the 1995 / 200 million oz.
• 10:13
  But do you see as you read this from the left to the right, that
• 10:18
  the amount of gold being discovered in the world is going
• 10:22
  down? Now, there's a something
• 10:24
  fascinating about this and exciting, right in the same
• 10:28
  chart. It could be thrown up there for
• 10:30
  silver. Silver's probably even crazier.
• 10:32
  But what is this chart telling us?
• 10:35
  OK, what this chart is telling us, if we go back ten years, go
• 10:39
  back to 2014, OK, look at that. There has been almost no new
• 10:44
  gold discovered in the world during that period of time Now,
• 10:50
  OK, which bodes well for future supply, right?
• 10:53
  That there won't be as much gold being produced 'cause they
• 10:56
  aren't finding it. But if you think about it, the
• 11:00
  gold that hold on here, there we go, the gold that is being
• 11:05
  produced now that all came from gold that was discovered back in
• 11:09
  the the year 2000, 2004, 2006. So as we move now into the
• 11:15
  future, there is gonna be a lower supply.
• 11:19
  The pipeline of new gold coming onto the market very well could
• 11:24
  be constricted under pressure. And it's not about look at the,
• 11:28
  the black line is the amount of money that's been spent on
• 11:31
  exploration. I mean, look, compare now and
• 11:35
  this is as of 2022, you're talking roughly what $7 billion
• 11:40
  back in, back in 1990, they they were maybe spending $2 billion
• 11:45
  and getting more. All the metal is going bye bye.
• 11:49
  That's what that's telling us. And again, when you look at 2014
• 11:54
  through 2022 and I would imagine if we had 2023 data as well on
• 12:01
  there, there's like no new gold. That's the gold that's going to
• 12:06
  be produced in the coming 10 years and the coming 15 years.
• 12:11
  I think that's a very, very excellent chart, which I believe
• 12:16
  in, in no uncertain terms, shows us that silver and gold, the
• 12:21
  supplies are limited. The easy silver, the easy gold
• 12:25
  is gone. What about going back to the
• 12:26
  gold standard? They're talking about it again.
• 12:30
  Let's go check that out. Oh, it never ends.
• 12:33
  I tell you what, guys. Here we go.
• 12:38
  Another one from Kitco. Thank you, Kitco, for your
• 12:41
  excellent reporting. Signs that a global gold
• 12:43
  standard is gaining traction from Steve Forbes Steve Forbes,
• 12:48
  right There are multiple indications that the world is
• 12:51
  progressing towards a transition to a new gold standard,
• 12:56
  according to Steve Forbes, chairman and editor, editor in
• 12:59
  chief of Forbes Media. It's hard to believe, but the
• 13:04
  world is beginning to lurch toward a gold based monetary
• 13:07
  system, Forbes wrote in an article published 2 days ago.
• 13:11
  This despite the fact that the historical gold standard is held
• 13:15
  in almost universal contempt by economist and financial
• 13:20
  officials. OK, he said.
• 13:22
  Despite the many myths and that, and we know that they hate.
• 13:26
  I mean, I'll be honest with you guys, I don't know how you feel
• 13:29
  about this, but like 5-10 years ago I used to hear like gold is
• 13:33
  the kryptonite or the. I never really understood that,
• 13:36
  but it's really become super clear to me that silver and gold
• 13:41
  are like the nemesis, the enemy of the US dollar, the paper
• 13:46
  dollar. I can't, I mean, I still just
• 13:49
  blows my mind that let's say 1015 years ago, I didn't I, I
• 13:55
  really believed that the dollar and had value, right?
• 13:59
  The dollar can be converted into something that has value.
• 14:02
  That would be gold and silver. But the the dollar, this paper
• 14:05
  thing, everybody's walking around in a dream world.
• 14:08
  He said despite the myths and pervasive ignorance surrounding
• 14:12
  gold base money, it worked well for a long time.
• 14:15
  I love this part and I presented this to you guys about 3 weeks
• 14:19
  ago. the US was on a gold base system for 180 years until the
• 14:24
  early 1970s when President Nixon temporarily took us off the gold
• 14:28
  standard, he said. We never had inflation when the
• 14:33
  dollar's value was tied to gold, the yellow metal, and and so we
• 14:38
  never had inflation and the United States of America
• 14:42
  experienced the greatest long term economic growth in human
• 14:48
  history. Conversely, Forbes said that
• 14:52
  since the United States abandoned the gold standard, OK,
• 14:56
  so we had 180 years of no inflation in the world's best
• 14:59
  economic growth ever, but President Nixon took us off the
• 15:03
  gold standard. Its average growth rates have
• 15:06
  declined by around 33%. Median household income today
• 15:11
  would be at least 40,000 higher if our traditional pattern of
• 15:16
  growth for those 180 years had been maintained, he said.
• 15:20
  None the less, the contumely and scorn for a gold stand, gold
• 15:24
  based monetary system is universal.
• 15:28
  So what do we know? What what, what do we know has
• 15:31
  happened since we went off the gold standard?
• 15:33
  I'll tell you what happened. The middle class got a screw
• 15:36
  job, OK, And the wealthy top 1%, top point 1% accumulated
• 15:43
  massive, massive amounts of wealth.
• 15:47
  And you know what? Your average Americans have no
• 15:50
  clue, right? They have no clue.
• 15:52
  They're mad about a lot of things, but they really aren't
• 15:54
  mad about what they should be mad at, and that is that
• 15:57
  economically, financially, they got a big screw job when the
• 16:01
  United States government decided foolishly to go off the gold
• 16:05
  standard. The ongoing trend of runaway
• 16:08
  public and private debt creation will inevitably kindle crisis
• 16:12
  that cannot be easily extinguished, Forbes said.
• 16:15
  This is crazy, guys. Total debt in the world today is
• 16:21
  more than $300 trillion, an astonishing three times global
• 16:28
  GDP. We know that statistically, when
• 16:31
  a country goes above, I think it's 120% of debt to GDP,
• 16:37
  there's like no chance that they ever come back.
• 16:39
  Oh, and by the way, the United States is there right now, but
• 16:42
  the world is at 300%. Is that crazy?
• 16:47
  That is crazy. Ford's also noted that
• 16:50
  activities of the bricks, which doubled in size at last year's
• 16:54
  meeting, whose members have been collaborating on de
• 16:57
  dollarization, de dollarization initiatives and alternative
• 17:02
  payment systems. Their monetary imagination so
• 17:06
  far have amounted to little, but that's starting to shift.
• 17:11
  He then pointed out the fact that how much better we would
• 17:14
  have been off with the with the gold standard and then how
• 17:19
  Zimbabwe is now is now experimenting with a true gold
• 17:26
  backed currency. The zig and talks about India.
• 17:31
  Yeah, experimented with gold backed government bonds last
• 17:34
  year and how these would probably be very popular with
• 17:38
  investors worldwide from the start of the floating currency
• 17:42
  era in 1971. To present a gold backed a Gold
• 17:46
  Bond paying 4% would have outperformed all stock and bond
• 17:51
  markets nationwide. Wow, wow, wow.
• 17:54
  This is Steve Forbes, right? I think he's worth like $400
• 17:59
  million. It's unbelievable.
• 18:02
  So should we end the Fed? That's the big question, right?
• 18:05
  Or should we end the Fed? What happens if we end the Fed?
• 18:08
  Right, We go back to the gold standard.
• 18:10
  What happens to the value of your gold and silver?
• 18:12
  Are the bricks going to force us into it?
• 18:14
  Let's talk quickly about ending the Fed because that is coming
• 18:18
  back as well. Our friend John a little at the
• 18:22
  Silver Academy sub stack. You can see it right there.
• 18:27
  Put out this article of the bill to end the Fed End the Fed put
• 18:30
  forward by Thomas Massie, the Centennial Monetary Commission
• 18:34
  Act that aims to establish a Commission to review and
• 18:38
  potentially restructure the Federal Reserve.
• 18:41
  Here are the key points introduced by Congressman Massey
• 18:44
  from Kentucky and seeks to create a Commission to study the
• 18:48
  Federal Reserve's operations, policies and impact on the
• 18:51
  economy over 100 years. This is our country, guys.
• 18:56
  This is our. This is not the Federal
• 18:59
  Reserve's country. It sure feels like that lately.
• 19:02
  I hope I don't get in trouble for saying that, but we got to
• 19:05
  remember our founding fathers put a put into the US
• 19:11
  Constitution, right? Silver and gold is money
• 19:15
  protections. This is our country.
• 19:17
  This is what Thomas Massie, right, trying to take our
• 19:20
  country back from the bankers. Oh my God, hold on.
• 19:23
  This is this is critical. This is this is this is hold on.
• 19:29
  Hold on. OK, this.
• 19:38
  Hold on, add the stage. All right, I want to read you
• 19:41
  this. This is all about the Fed.
• 19:44
  Should we end the Fed? There's me.
• 19:46
  There's the close down. Where did it go?
• 19:48
  There it is right there. OK, this guy is the one who
• 19:52
  signed the bill to create the Fed, Woodrow Wilson.
• 19:55
  What did Woodrow Wilson say six years, six years after he signed
• 20:01
  the legislation to create the Fed?
• 20:03
  OK, this is ex president Woodrow Wilson.
• 20:06
  Reflecting upon his decision to allow the Federal Reserve to be
• 20:10
  created, he said, I am a most unhappy man.
• 20:15
  I've unwittingly ruined my country.
• 20:18
  A great industrial nation is now controlled by its system of
• 20:22
  credit. We are no longer a government by
• 20:25
  free opinion, no longer a government by conviction in the
• 20:30
  vote of the majority, but a government by the opinion and
• 20:34
  duress of a small group of dominant men.
• 20:37
  OK, that's what our friend Woodrow Wilson said.
• 20:43
  Now back to this article. Here we go.
• 20:46
  All right, the Commission. So as we talk about ending the
• 20:49
  Fed and keep that in context, that's the president who signed
• 20:53
  the bill to put the Fed into existence.
• 20:55
  Proponents argue that the Fed has failed to maintain price
• 20:58
  stability. Check.
• 20:59
  Yeah. Go to the grocery store and full
• 21:01
  employment, citing high inflation rates and economic
• 21:04
  instability. Critics argue the bill is an
• 21:06
  attempt to undermine the Fed's independence and could lead to
• 21:09
  increased, excuse me, political interference in monetary policy
• 21:16
  decisions. the Fed and its supporters, right.
• 21:19
  Who supports the Fed? They're probably not people we
• 21:23
  know. Probably not.
• 21:23
  People we hang around with fear the bill could strip away its
• 21:27
  autonomy and ability to make policy decisions insulated from
• 21:30
  short term political pressure, blah blah.
• 21:32
  However, the bill does face an uphill battle to become law as
• 21:36
  it would require approval from both chambers of Congress and
• 21:41
  the president's signature. But Donald Trump ex president
• 21:45
  has stated under his presidency he would both explore a gold
• 21:50
  standard. Very interesting and take steps
• 21:55
  to end the Federal Reserve. Very interesting.
• 21:59
  OK, let's get back here. Hi guys.
• 22:03
  How you doing? 700 of us on a what is today
• 22:08
  Thursday morning. Let's throw the banner up saying
• 22:11
  thank you to our sponsors. I want to run out quickly.
• 22:13
  Let's check. Let's let's let's take our
• 22:16
  medicine. This is not going to be fun.
• 22:18
  I'm going to warn you, be prepared.
• 22:20
  Your blood pressure may go up, but we're going to check on the
• 22:23
  gold and silver price, brother. Gold down 36 dollars, silver
• 22:29
  down 62 cents. Not a fun day yesterday or today
• 22:35
  to be to be dealing with the silver and gold markets.
• 22:38
  But guys, we still have gold at 2343 dollars.
• 22:45
  Let's remember, let's look back, you know, six months, four
• 22:48
  months ago when we had gold, you know, we were talking about the
• 22:52
  fact that we could, we could breakthrough 2000.
• 22:55
  Silver is holding about $30.00 an ounce critical week, right?
• 23:01
  We talked over the weekend, I said, I thought that, you know,
• 23:04
  been a very short notice. We could be what it like 28, you
• 23:08
  know, or we could be at 3536. Trust me, I was rooting for the
• 23:13
  3536 $38 within a couple weeks, but this can change quickly as
• 23:19
  well, right? I know on days like today,
• 23:20
  right, there's going to be there's the, the, the price, the
• 23:23
  volatility is is painful when it goes down.
• 23:28
  We love it when it goes up. The key is that we maintain an
• 23:32
  upward trend in both the gold and the silver prices.
• 23:37
  And I believe, and we'll go look at the silver chart here in a
• 23:39
  second, but I believe we can still say that we're in an
• 23:42
  upward trend in both of the metals.
• 23:44
  But let's say thank you to Pembex for sponsoring the
• 23:46
  basement, sponsoring this video, this, this live stream.
• 23:50
  If you're looking to buy yourself some silver, gold or
• 23:54
  platinum group metals, check out Pembex.
• 23:57
  You always want to get the best price, but you want to get good
• 24:00
  quality product and from a company you can dress.
• 24:03
  To me, Pembex checks all those boxes.
• 24:06
  And if you ever decide to convert part or all of an IRA
• 24:09
  into precious metals, do yourself a favor and check out
• 24:14
  Pendex for that as well. Let's go look at the chart here.
• 24:16
  Hold on guys, let's take a look at the silver chart and see how
• 24:21
  it looks. See how, See how, see how?
• 24:26
  Well, let's just go down here. I think you guys can see my
• 24:31
  screen right now. Yahoo Finance.
• 24:33
  Why they they've buried silver on Yahoo Finance.
• 24:37
  Very interesting. OK, and let's see if we can.
• 24:43
  There's gold. Ouch.
• 24:45
  And Choo Choo. I think silver's on the next
• 24:49
  page. There's everything.
• 24:50
  There we go. Oh my Lord.
• 24:53
  Wow. This is the futures for silver.
• 24:57
  Let's take a look at this chart and see what it looks like.
• 25:00
  Let's look at it on a three month basis.
• 25:03
  OK, OK, Three months ago, silver on 2/26, so 223, whatever silver
• 25:11
  right around my birthday was oh, roughly $8 lower.
• 25:17
  OK, On the three month chart, it appears to me we are in an
• 25:20
  uptrend. Let's look at the six month
• 25:22
  chart. OK, so if you kind of draw an
• 25:25
  imaginary line, right, like an upward sloping line like this,
• 25:30
  we're still OK, even if we get the $28.00 an ounce.
• 25:33
  All right, let's look, let's look at a year.
• 25:37
  Wow, this was, look at this, the price of silver just stuck
• 25:42
  between 25 and 21, let's say, for like, what?
• 25:48
  Oh gosh, must be nine months, right?
• 25:51
  And then broke out. OK.
• 25:53
  It's gonna come back, guys. It's not always OK.
• 25:56
  I feel better. I don't feel good when I look up
• 25:58
  here and see down 91 cents. Definitely.
• 26:01
  But when you look at this, this trend going up, OK, I know.
• 26:06
  I understand it. Like you, we just, we we think
• 26:09
  we just want it to be green every day.
• 26:11
  And it seemed like for like two or three or four weeks there, it
• 26:13
  would happen, right? Like they'd beat it down, then
• 26:16
  silver'd come flying back. It's gonna have its bad days.
• 26:20
  The important thing is that we remain in an upward trend.
• 26:25
  To me, it still looks like that. Brother, if we get below 30, I'm
• 26:30
  not going to be happy. But if we get below 28 range
• 26:34
  here in the next week, I'll be worried, OK.
• 26:38
  But for now, the thesis remains, and that's the important thing,
• 26:42
  right? As you hold silver and you hold
• 26:44
  gold, there's going to be volatile swings.
• 26:47
  The volatility, the big moves, $1.00 up, $1.00 down to dollars
• 26:54
  up, $1.00 down. As long as the UPS outweigh the
• 26:58
  downs over this. It's called a bull market.
• 27:02
  So let's hang in there and see what's going on.
• 27:05
  Yeah, I just want to touch on this.
• 27:06
  Have you noticed, and I'm hearing the, the, the, I heard
• 27:09
  Lynette Zhang say it yesterday and I've heard I, I know from
• 27:13
  talking to my contacts in the bullion industry, something very
• 27:16
  interesting going on in the silver and gold market.
• 27:18
  And that is that there are younger people, especially in
• 27:22
  Asia that are really taking to silver and gold stacking.
• 27:26
  I remember when I talked to the guys at Gold Backs like six
• 27:29
  months ago, they were like, you wouldn't believe how many of our
• 27:31
  customers are young people. That is a very, very good sign
• 27:36
  because haven't you heard like people say, oh, young people
• 27:40
  like crypto, young people are into crypto currency.
• 27:43
  When I'm not anti crypto, I'm not a fan myself personally, but
• 27:46
  none the less and they say, oh, you know, gold is for boomers,
• 27:50
  gold's for old. The gold and silver are for old
• 27:52
  people. The reality is something
• 27:55
  different, right? These in, in South Korea now
• 27:58
  they're selling little gold, little Graham, half Graham bars
• 28:02
  in convenience stores in China. They're selling gold beans.
• 28:06
  And who's buying them? Young people.
• 28:08
  Young people, right? But these countries, especially
• 28:12
  China, they don't trust their banks, do we?
• 28:14
  Do you trust your banks here in the United States of America?
• 28:18
  Of course you do. They don't trust the stock
• 28:21
  market. Do you trust the stock market?
• 28:22
  And I'm gonna talk about the, the crazy, scary situation in
• 28:27
  the stock market next. No, we don't trust.
• 28:29
  What about real estate? Is your, is my house really
• 28:32
  worth a half million dollars? The basement's priceless, but
• 28:38
  the house, a half million, give me a break.
• 28:42
  The people that move into my neighborhood can't afford 5 and
• 28:45
  $600,000 houses, you know, especially at 7-8 percent
• 28:50
  mortgage rates. So what are people doing?
• 28:52
  And that in China, that's the one of the reasons why, right?
• 28:56
  They don't trust the real estate markets bust, the stock markets
• 28:59
  bust. They don't trust the banks.
• 29:01
  They don't trust paper money, right?
• 29:03
  So they're buying gold, silver, and the young people are buying
• 29:06
  it more and more than ever. Let's briefly talk about NVIDIA.
• 29:10
  You know what? Let's go.
• 29:11
  Look, this will be fun. Have you heard about NVIDIA?
• 29:13
  The AI chip manufacturer, blah, blah, blah.
• 29:16
  I got something, and it relates to silver and gold.
• 29:20
  That has to do with NVIDIA. But let's go see how that's
• 29:22
  doing today. I'm gonna make me sick.
• 29:27
  Oh, it's only up 10%. OK, there we go.
• 29:30
  NVIDIA Corporation, this guy's is look, here's here's the
• 29:38
  reality of what's going on. The stock market's at all time
• 29:41
  highs, right? Gold's been at all time highs.
• 29:43
  The mining stocks have been getting killed, absolutely
• 29:46
  killed. But when we talk about NVIDIA
• 29:48
  and they had their blowout earnings and artificial
• 29:51
  intelligence, blah, blah, here's two key things to remember about
• 29:55
  these big tech companies. OK, these crazy stock prices are
• 30:00
  supported, right? A stock price, no matter what
• 30:04
  company you're talking about, is supported by one of two things.
• 30:10
  Real assets on their balance sheet or hope of future profits
• 30:16
  in the future, or some combination thereof.
• 30:19
  Every comp, these tech stocks are basically all hope.
• 30:23
  With a lot of them, for each dollar that you put into the
• 30:26
  stock price, you're lucky if you're getting 2 or $3 worth of
• 30:31
  real assets. So think about this is a double
• 30:35
  whammy, crazy situation, double, double shock, OK #1.
• 30:42
  The price of those stocks is based a lot on hope or what we
• 30:47
  like to call, we'll just call it a form of Unicorn fart test in
• 30:53
  there in a bubble, OK? There's bubbles floating around
• 30:57
  #2 it's actually measured. The value is measured in
• 31:03
  dollars, which is, as we all know, paper.
• 31:06
  It's like double paper. Make believe world with these
• 31:08
  tech stocks. It's absolutely crazy.
• 31:11
  OK, let's talk about silver now. We looked at this chart.
• 31:16
  How about thank you. That's Susie.
• 31:22
  Everybody say hi to Susie. We're going to leave her turned
• 31:26
  on for a little bit longer, put her back in her on her throne
• 31:29
  here. I don't want her to fall.
• 31:31
  She fell the other day. I need to ring the cowbell.
• 31:34
  Look, guys, it's a big deal when you join me here in the
• 31:36
  basement, basement dweller, stay with me, stay with me, 'cause
• 31:40
  I've got some a new little bit of good news.
• 31:44
  Big bit, big bit for silver investors.
• 31:47
  The trend is still up. I don't care.
• 31:49
  You know what? And coin shop, Chris was saying
• 31:51
  this last night. He's like, I'm happy it's going
• 31:53
  back. Testing 30, right?
• 31:55
  It's gonna go back, pull back and test these support levels.
• 31:59
  Come on, 30. We are at war.
• 32:01
  Silver, silver investors, basement dwellers.
• 32:05
  You know what? And we're in this together.
• 32:07
  I feel like a camaraderie with you.
• 32:09
  So thank you for being here. I ring the cowbell when we get
• 32:11
  to 200 thumbs up. It's a show of my appreciation.
• 32:17
  And I always sometimes do. One more for Jake from Jake's
• 32:22
  Custom Parts. Let's look at some exciting,
• 32:25
  optimistic news about silver. This has nothing to do.
• 32:30
  OK, Wipe it from your mind. I want you to wipe it from your
• 32:33
  mind. The unbelievable fundamental
• 32:37
  story behind silver. The the fundamental story that
• 32:41
  leads a lot of people to say it's the most undervalued asset
• 32:44
  on the face of the earth. We know that.
• 32:47
  Then why hasn't the price gone up yet?
• 32:51
  But I want to show you something which will give you cause for
• 32:56
  celebration. OK, let's pull that up.
• 33:00
  Oh, you know what? Since we're here, we'll just
• 33:02
  briefly 30 seconds. Let me talk about the silver
• 33:04
  rainbow. Right.
• 33:07
  Quickly. I got 30 seconds.
• 33:09
  I showed you this already. But don't forget, silver is
• 33:12
  bipolar. Silver is schizophrenic.
• 33:14
  Whatever the right word is. Silver has two personalities.
• 33:17
  It's a monetary metal like gold, but it's also an industrial
• 33:22
  metal like copper, right? So it's got two big components.
• 33:26
  Oh, did you notice gold's been at or near all time highs?
• 33:30
  It's back about a little bit off right now, but nonetheless,
• 33:33
  gold's entering near all time highs.
• 33:34
  Copper has been at or near all time highs.
• 33:37
  There's been a squeeze in the copper market, gold, central
• 33:41
  banks, all that good stuff. So silver, who's half and half
• 33:45
  the two medals that it's half related to have both been at all
• 33:49
  time highs and the fundamentals for silver even better.
• 33:53
  That's not what I brought you out here to show.
• 33:56
  I got another chart coming next but 1st we need to quickly
• 33:59
  review this one as well. The long term cup and handle in
• 34:02
  the silver price starting in 1980 at 50 and then 2011 silver
• 34:08
  hit 50 and it made a big cup and I was looking the other day
• 34:12
  between those periods it went down all the way to like 6-7
• 34:15
  dollars per oz but that created a big cup.
• 34:17
  Then we have the handle that's been forming since 2011, right?
• 34:22
  We broke out of the wedge. So within the handle, we're in
• 34:25
  the handle right now, $30 per oz, OK.
• 34:30
  Within that handle embedded, it was a wedge pattern like we saw
• 34:34
  in the chart earlier. We're silver for like 9 months,
• 34:37
  traded between 21 and $25.00. It broke out.
• 34:41
  It broke out. That's a good bullish sign.
• 34:44
  We also embedded. That's that little box that you
• 34:47
  see on there embedded within the handle, right?
• 34:50
  Now where we are is an inverse. I, I spelled it wrong and I
• 34:55
  forgot the right inverse. But anyway, inverse upside down
• 34:58
  head and shoulders, which is what you see there below.
• 35:01
  That's called the neckline, right?
• 35:03
  See, there's like a shoulder that's a upside down person.
• 35:06
  There's a shoulder on the left, a head in the middle, and then a
• 35:09
  shoulder on the right. And we're breaking out of that
• 35:12
  as well. But wait, there's more.
• 35:14
  So we've got 2 bullish chart patterns embedded within the
• 35:18
  handle. But wait, there's more.
• 35:21
  I've got this for you. OK?
• 35:23
  This I found yesterday and I didn't realize this.
• 35:28
  This comes from grady.com. OK, this is another way to look
• 35:32
  at that big cup and handle, right?
• 35:34
  If you look 1980 on the left and then 2011, there's the cup,
• 35:39
  massive cup. But within the handle where we
• 35:43
  are, there's a fractal smaller cup and handle.
• 35:49
  So not only within the handle did we break out of a wedge
• 35:52
  pattern, have an inverse head and shoulders, but we also have
• 35:56
  a cup and handle within the handle of the biggest cup and
• 35:59
  handle in the face of the earth. How can silver not go to $50
• 36:04
  this year? And I'm hearing people say that
• 36:06
  there was it just that it doesn't make sense, right?
• 36:11
  This though. Now take a deep breath with me
• 36:14
  and realize this is just the chart.
• 36:17
  This does not consider the fact that India's imported more
• 36:21
  silver during the first quarter of this year than they did all
• 36:25
  of last year. That China's Shanghai Gold
• 36:30
  Exchange has has a a silver price which at times is a little
• 36:35
  bit higher than what we have here in the United States of
• 36:38
  America. Let's go take a look at that.
• 36:40
  OK, here we go, Gold, Let's remember.
• 36:44
  Time for a quick little :) review, Basement dwellers, Let's
• 36:48
  remember gold is the Godfather. I'm trying to get Vinnie the
• 36:52
  coffee roaster on here with me. He's like the Godfather.
• 36:54
  He's Italian, he loves gold and silver, and he'll roast up some
• 36:57
  of the best coffee ever in your life.
• 36:59
  But nonetheless, Gold's like Vinnie the Godfather, right?
• 37:03
  Gold sees inflation running high.
• 37:07
  OK, that's the bottom line. Gold, and we're talking about
• 37:11
  silver as well, also realizes that debt is hemorrhaging all
• 37:17
  around the world. OK, I had something big I wanted
• 37:22
  to show you. Here we go.
• 37:23
  Here we go, Here we go. Hold on.
• 37:25
  So let's let's do our update on what's going on with the
• 37:28
  Shanghai Gold Exchange and the Shanghai Futures Exchange.
• 37:32
  Very important. This is from our friend Jamie
• 37:37
  Carrasco from Is it Canacord? I believe, yes.
• 37:41
  OK, interesting times ahead through and through.
• 37:45
  But particularly consequential with this historical precedence
• 37:49
  is what the new, oh, I hate this word, hegemony, hegemon.
• 37:55
  Hegemon. I can't say that word now.
• 37:57
  Susie's probably going to lock me in the basement.
• 37:59
  Hegemon. China is bidding for physical
• 38:02
  gold and silver on the Shanghai exchange versus today's close on
• 38:06
  the futures based COMEX. Wait till you see this guys.
• 38:08
  This was last night as of tonight's close, the growing
• 38:12
  arbitrage now stands at 15% for silver and 3% for gold, 15%.
• 38:20
  That means there's a 15% price difference between China and the
• 38:24
  United States of America. It's also, while that's a nice
• 38:27
  profit for just delivering to Shanghai, it's also a clear
• 38:31
  signal that going forward, China will continue to pivot to gold
• 38:36
  for trade settlement and has begun to set the rules.
• 38:41
  Interesting that at the same time, this is crazy.
• 38:44
  This we got. This is the crazy chart.
• 38:46
  Hold on one second everybody have a sip of coffee with me.
• 38:55
  At the same time, the gold will continue to rise as it re enters
• 38:59
  the monetary system doing what it has done for 4000 years. 99%
• 39:07
  of global wealth has forgotten that it must be produced.
• 39:12
  So let's take a look at this chart first.
• 39:15
  OK, this shows silver right at $31.00 in the US and silver at
• 39:23
  $35 and at the Shanghai Gold Exchange of 14.9% premium gold.
• 39:31
  All right, 2382 gold in Shanghai 24402463.
• 39:37
  But this guys says it all and this one came from Crescott Gold
• 39:44
  and gold miners as a percentage of total global assets.
• 39:48
  What Jamie is saying that is gold and silver are becoming the
• 39:51
  dominant world monetary base, right?
• 39:57
  Look at this 2020, four 1% OK of the world's total global assets
• 40:04
  is invested in gold and gold miners.
• 40:08
  Does that make any sense whatsoever?
• 40:10
  1980, right, 26 percent, 48, I mean the runway for improvement.
• 40:16
  If my math is correct, if we were to go back to half, half of
• 40:23
  what the allocation was in 1981, that would be thirteen times as
• 40:28
  much money in the gold and silver sector.
• 40:31
  I don't know. What do you think?
• 40:32
  Do you think if 13 times as much money was trying to buy the
• 40:37
  physical gold, the physical silver in the world and the
• 40:41
  minuscule market cap of the gold and silver mining stocks, do you
• 40:46
  think that we might be in for some explosive price moves,
• 40:51
  right, No crystal ball. If we went back to half of what
• 40:55
  we were in 1932, right, we would have a, we would have a, a
• 41:00
  situation where we have multiples of the amount of money
• 41:03
  coming in to the precious metal sector.
• 41:06
  What about a Black Swan? Black Swan?
• 41:10
  I have a Black Swan around here. Here he is, right.
• 41:14
  That was sent then by one this guy.
• 41:17
  Are you on a Black Swan? Yeah.
• 41:22
  There could be a very, very clear, clear indication that we
• 41:28
  could be heading for major event, major Black Swan type
• 41:33
  event in the world, not just from a geopolitical perspective,
• 41:36
  but from a financial and an economic perspective.
• 41:40
  This is fascinating. OK, let me read this to you.
• 41:43
  We could be in for big, major changes.
• 41:46
  I'm gonna read it run by line. I wrote this myself, but it's
• 41:49
  it's worth wanna make sure I get this right.
• 41:52
  Don't fool yourself. This can and at some point will
• 41:57
  happen. Big event Black Swan, major
• 42:00
  trouble, right? It always has happened.
• 42:03
  It always will happen. OK, Historically speaking, over
• 42:08
  hundreds and hundreds of years, big systemic changes.
• 42:15
  This is the key. This is the big clue.
• 42:18
  This is the crumb. Like Andy Scheckman says,
• 42:20
  there's crumbs. You got to pick them up, put
• 42:22
  them together. Nobody tells you what's coming.
• 42:24
  Your bank doesn't warn you that they're going to shut their
• 42:27
  doors because they're insolvent, right?
• 42:30
  OK. the Fed never says we're headed for trouble.
• 42:33
  Janet Yellen never warns us, OK? But we know from looking at
• 42:38
  hundreds and hundreds of years of historic, big systemic
• 42:43
  changes happen when there's big dislocation between real assets.
• 42:50
  This is a real asset. An ounce of silver is a real
• 42:57
  asset. The the Real McCoy.
• 43:00
  OK. When there's big, the big
• 43:03
  changes happen when there's big dislocation, when there's a big
• 43:08
  gap between real assets and financial or paper assets, OK.
• 43:16
  And that's the situation that we're in right now.
• 43:19
  I have a chart. Yeah, you know it, baby.
• 43:21
  I got a chart that's gonna show it to you plain as day.
• 43:24
  OK? When the market realizes, right?
• 43:28
  When the market realizes that this is real, OK.
• 43:35
  And that this is fake paper Unicorn fart dust.
• 43:42
  And this is the best of the Unicorn fart dust, right?
• 43:45
  Because on top of that, on top of that, we've got this.
• 43:49
  Hold on here. It's been a while since we
• 43:51
  looked at this baby. I'm just going to bring you up.
• 43:54
  You can you can flip through all the charts with me.
• 43:57
  Here we go. Where'd it go?
• 43:58
  Come on, come on. There it is.
• 44:00
  There it is right, right. Gold when there's big
• 44:04
  dislocation between what you see on the bottom of extras pyramid
• 44:08
  gold and silver. The only real things on the
• 44:11
  whole pyramid, a big dislocation and value between them and all
• 44:16
  the make believe stuff on top. That's when major changes, Black
• 44:21
  Swan type events occur. OK, are we right now at that
• 44:26
  point, huh? Yes.
• 44:28
  And let me show you why I have another chart.
• 44:31
  Hold on here. Hold on.
• 44:36
  There it is. This, my friends, is a 100 year
• 44:45
  chart and I can't see the bottom of it.
• 44:47
  Darn it. Oh, hold on, hold on.
• 44:48
  Let me go back here. Let me fix something.
• 44:51
  Let me turn this off. Thank you to our sponsors.
• 44:54
  There we go. That looks a lot better now you
• 44:56
  can see that right? Yes.
• 44:58
  This is a 100 year chart and this shows this is the gold to
• 45:04
  Dow ratio or the Dow to gold. This this chart basically shows,
• 45:10
  because my brain's not functioning right now, how many
• 45:13
  ounces of gold it takes to buy one unit of the Dow Jones
• 45:17
  Industrial Average. So the Dow Jones Industrial
• 45:20
  Average right now is at about at 40,000.
• 45:22
  And as you can see on this chart, it would take you about
• 45:25
  16 ounces of gold, right? Would that make sense?
• 45:29
  I don't have my calculator in front of me, but I think it
• 45:31
  does. Yeah, 16 ounces of gold.
• 45:33
  To get one unit, you would need to get $40,000 to buy one unit
• 45:38
  of the Dow Jones Industrial Average.
• 45:41
  OK. When we look back, there had
• 45:43
  been times there that is a dislocation.
• 45:45
  Has it gotten higher? Absolutely.
• 45:48
  But when we look back historically where we are right
• 45:51
  now, OK, draw a little imaginary line, we've only been higher
• 45:55
  than this maybe 20 years, maybe 20% of the time over the years.
• 46:02
  So we are absolutely in this situation right now where
• 46:06
  there's a massive dislocation between the value of real assets
• 46:12
  and things like NVIDIA, things like the S&P 500, things like
• 46:17
  paper money, whatever you want to throw in there, it's
• 46:20
  happening and it's happening right now.
• 46:22
  So let's stay on top of those developments.
• 46:25
  Coin Shop Chris sent me some interesting information about
• 46:30
  the silver price. This was as of last night and
• 46:33
  about for stackers who are waiting.
• 46:35
  Are you waiting for $17.00 silver?
• 46:38
  Huh. Do you think silver is going to
• 46:40
  get the $2223.00 an ounce again? He just pointed out that in
• 46:45
  November of 2023, if you bought 1010 oz Canadian Mint bars, you
• 46:51
  spent about $2640. That's total with the price and
• 46:56
  premium etcetera. OK, right now this was as of
• 47:00
  last night, not as of today's unfortunate events which have
• 47:03
  unfolded in the silver market, but as of last night, instead of
• 47:07
  spending $2600, you're going to spend close to $3400 at the
• 47:13
  current silver price, probably 3233 hundred right now, if
• 47:19
  silver goes to $41.00 per oz, you'd be spending almost $4700
• 47:26
  to get those same exact 10 bars. So look, I'm not telling you
• 47:31
  what to do, but you know, if you are looking to add to your
• 47:36
  stack, you know, be prudent. Dollar cost average, now may be
• 47:40
  a good time. Premiums are still in the gutter
• 47:43
  when it comes to the metal prizes.
• 47:46
  OK, All right guys, thank you for being here.
• 47:48
  Thank you to our sponsors, First Mining Gold and Fortuna Silver.
• 47:53
  You can check them out at their respective websites and I have
• 47:56
  links to those in the description of this video.
• 47:59
  Take care of yourself. Thank you.
• 48:01
  And don't forget, if you're looking for some silver gold,
• 48:03
  check out Pinbex at pinbex.com and I'll see you guys tomorrow.
• 48:07
  Thank you. Thank.