Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER Stackers** Don't You Miss OUT!! -- (gold price too)
Transcript
- 0:00$60.00 silver. And sooner than you may even
- 0:04imagine, I'm going to give you the reasons why in this video.
- 0:08We got a lot to cover and I'm going to do it as quickly and as
- 0:11focused as we can. Because if you're anything like
- 0:14me and you've been in precious metals for a while, you are
- 0:17beginning to see and realize that it's all coming together
- 0:21right before our very eyes. But the most important thing
- 0:25right before our very eyes right now is each other.
- 0:27Guys, it's a big deal when you choose to be here.
- 0:30A big honor. Thank you for joining me in the
- 0:32basement. Please subscribe to the channel.
- 0:35It's still free. OK?
- 0:38Leave a message, share your ideas down in the comments
- 0:41section below. What you think matters.
- 0:43And if you don't agree with me, hey, that's OK.
- 0:45But let's talk about, we're going to talk about something
- 0:47Elon Musk said in a little bit. But unless you've been hiding
- 0:50under a rock for the last two days, you know that the biggest
- 0:54thing going was Jerome Powell in the Federal Reserve.
- 0:57And man, guys, he delivered the big kahuna on Friday.
- 1:02You know that we're going to look at the silver and gold
- 1:04chart here in a little bit. But you know, what happened to
- 1:06the gold and silver price? Look, Ben Bernanke did this back
- 1:10in, I think. What was it, 2010 when he
- 1:14announced QE 2 at the Jackson Hole summit?
- 1:16It was a paradigm shift in the world economy, the world fiscal
- 1:21and monetary policy. That's what Powell did on
- 1:23Friday. We are in for some good times.
- 1:26You know, let's just get him out and say hello real quickly.
- 1:28Thank you, Jerome. OK, let's go out to the quick
- 1:31article because there's something critical that can make
- 1:34us very happy about what's going on because Jerome Powell
- 1:36basically threw up the white flag on Friday.
- 1:39Said we have stagflation. Guys, listen to me, please,
- 1:43please, Gold and silver. There is nothing better, nothing
- 1:48more supportive for the prices if you choose to use the US
- 1:52dollar as the unit of measure for your ounces of gold and
- 1:57silver. I mean, really, Look, I'm going
- 1:59to show you this one right here. Here's a beautiful one ounce
- 2:02round, the Las Vegas round from our friends at First Mint
- 2:07channel sponsor. If you're going to value this,
- 2:10using the dollar as a unit of measure, what Jerome did on
- 2:13Friday is the best news in the world.
- 2:16We like to talk about thinking about our silver and gold in
- 2:18terms of Oz. But while I'm on that subject,
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- 3:07Let's get back to what's going on.
- 3:08Oh, the Fed OK, look, it's stagflation and I'm going to
- 3:12prove it to you quickly. Then we're moving on 'cause we
- 3:14got a lot to be excited about when it comes to silver and
- 3:18gold. Here we go, guys.
- 3:20This comes from CBS News. That trusted source.
- 3:22OK, Fed Chair Jerome Powell delivers the goods signals the
- 3:27path to rate cuts at the Jackson Hole speech.
- 3:30But but that's not the important part.
- 3:32And again, we're going to talk about the reason why on Friday,
- 3:35he highlighted twin. I have twins twin economic risks
- 3:40of a slowing labor market and rising inflation.
- 3:45That is stagflation. OK, here out in that he said,
- 3:48quote, risk to inflation are tilted to the upside and risk to
- 3:52employment are to the downside. A challenging situation.
- 3:56Powell said in his speech. I'm about ready to get steam
- 3:59coming out my ears because again, for years I've had this
- 4:02Jerome in the box that I've used and this isn't just a funny
- 4:06gimmick. This was the reality.
- 4:07I said he was boxed in on one side, you have a recession.
- 4:11OK, That's when he says risk to deployment.
- 4:14On the other side, you have inflation.
- 4:16We know that's there. This really the stagflation box
- 4:20guys. Stagflation is the dream come
- 4:22true. We don't like it, but if it's
- 4:25going to happen, it is the dream come true for the gold price and
- 4:28the silver price, the last time it happened was the 1970s and in
- 4:31the 1970s, do you know that the price of silver went up?
- 4:34I don't know, 25 not percent, 25 times gold skyrocketed also.
- 4:40But wait, there's more because now because of our management by
- 4:44our trusted government officials, right, We had just
- 4:48gone off the gold standard back in the 70s.
- 4:50We didn't have anywhere near the debt we have now.
- 4:52Now we have a whopping 37 trillion, yes, trillion dollars
- 4:57in debt. You know, 1 trillion is
- 4:591,000,000 * 1,000,000. We are moving into an
- 5:01unbelievable situation when it comes to the big picture.
- 5:06What happened on Friday was a paradigm shift.
- 5:09Jerome Powell basically admitted we have stagflation.
- 5:13And I'm talking to people, executive level, people in the
- 5:16executive recruiting field telling me that the job market
- 5:19has literally fallen off a Cliff.
- 5:21I'm talking to big business leaders, people in the
- 5:24construction field in particular that are telling me that like,
- 5:28whoa, something happened. And I don't just don't mean like
- 5:31over the last six months, I mean like in the last six weeks,
- 5:34guys, there's something, you know, be prepared.
- 5:37And the only thing they're going to be able to do is print money.
- 5:40And it can's going to be a beautiful time for those of us
- 5:45that have decided to protect some of our wealth to a certain
- 5:48degree with precious metals. It's absolutely crazy.
- 5:51Did you hear what? OK.
- 5:52And look, look, there's more. We got a lot.
- 5:54We're going to focus. Let me slow down.
- 5:58Let's go look at the chart. Just for fun, let's take a
- 6:00little chart break. Not a fart break.
- 6:02A chart break. I know, I know.
- 6:04You're laughing. OK, here we go.
- 6:07Share this tab instead. All right, here we go.
- 6:09This is gold. Hey guys, look, 3400 three
- 6:13$1420.00 gold price. What's crazy about what's
- 6:17happening with gold right now is if we zoom out to the one year
- 6:21chart, this is like almost unprecedented.
- 6:24Let me draw a couple lines on here for you.
- 6:27Have you seen this right? Since basically April, the gold
- 6:31price has been in I want straighten out there baby has
- 6:37been an I mean, if you just take out that one little period, I
- 6:41mean that is called consolidation.
- 6:44That is called compression. That is called the number of
- 6:46things. And you can also draw this this
- 6:49way. Here we go all right, you can go
- 6:54back here. You can draw this right?
- 6:56The whatever they call it descending, I don't know,
- 6:59triangle compression, whatever you want to call it pattern.
- 7:02Something is going to happen. Something is going to break.
- 7:05And with the news we got yesterday, I almost don't see
- 7:08how, but anything could happen, right?
- 7:10Eventually gold is going to break out of this and it's going
- 7:13to go up there. All right, let's go look at
- 7:14silver because it's even more fun to look at the silver price.
- 7:20We love gold. Gold is the granddaddy, but a
- 7:23lot of us love silver as well. Look at the silk.
- 7:26Wow, $39.00 OK, that's the September futures contract, but
- 7:31let's just look at a one year chart of silver as well.
- 7:34I mean same thing guys. Oh, not in terms of the
- 7:37compression, but you can see an upward trend.
- 7:40Look, we all know I'm not going to draw all the lines on there
- 7:43for you. Basically what we're waiting for
- 7:45in silver is to get above forty, $4142 and then it's Katie bar
- 7:51the door. OK, Then it is quite literally
- 7:54where is he? Oh, there he is right there.
- 7:56You see that bear blindfolded? That's the silver Bear with $85
- 8:01silver at this point, me personally, although I'm not a
- 8:04financial advisor, don't make any financial decisions based on
- 8:08anything that I say. I definitely, I definitely can
- 8:11see $60.00 silver. I need to maybe move it up.
- 8:14I said by April 1st it's going to happen and it's going to
- 8:17happen quickly because once we break above $42.00 in the silver
- 8:21price, guys, it's all over. Okay, 42 to 50 is going to
- 8:25happen lickety split. And we've been up here trying,
- 8:29trying. This time I believe we've got a
- 8:32very high probability of breaking through and why?
- 8:35Because of the fundamentals. Let's talk about a couple crazy
- 8:38things. Let's see what Elon Musk had to
- 8:39say about solar, because we know that nothing uses the amount of
- 8:45silver like solar. And solar is the future.
- 8:48Here's a tweet from Elon just recently.
- 8:50True, simple math. Math shows no forgiveness on the
- 8:55altar of truth, Elon. Right.
- 8:57Even a patch of Spain, a patch of the country of Spain, could
- 9:02power all of Europe with solar. And then it gets more
- 9:05interesting. This guy here started out solar
- 9:08power in the deserts of North Africa is enough to supply 40
- 9:13times the world's electricity demand.
- 9:14The world needs electricity. Solar, right?
- 9:18Some people may say nuclear, and I agree with that as well, but a
- 9:22combination of solar and nuclear are the answer.
- 9:25OK, but then look what Elon said further down here.
- 9:28He said to be clear, I mean solar plus batteries, not just
- 9:31solar. Well guess what?
- 9:32Batteries use some silver as well.
- 9:35We know the solid-state batteries coming to the EV
- 9:38industry are going to revolutionize things, and some
- 9:41people, they use as much as one kilogram of silver per battery.
- 9:44Nonetheless, Elon went on to say that the entire Starlink,
- 9:48Starlink constellation of over 7000 satellites, which go
- 9:52through Earth's shadow many times per day, are just powered
- 9:56by solar plus batteries, and Earth is just a giant satellite.
- 10:01OK, guys, look, you know, everything is aligning right now
- 10:06for the silver price and the gold price as well.
- 10:10It's going to be crazy interesting.
- 10:13Silver has some interesting developments.
- 10:15There are massive amounts of silver being added to the silver
- 10:20ETFSI know a lot of you don't like it.
- 10:22I'm no big fan of the SLVETF right the Spratt PSLV.
- 10:27Personally, I'm not giving financial advice.
- 10:29I think is much more physical in nature.
- 10:32That's what the P stands for at the front of PSLV.
- 10:35Nonetheless, millions last week there were I think there was
- 10:39like one day where 9, 1,000,000 ounces of silver were added to
- 10:44the SLVETF that is draining the silver off the LBMA out of the
- 10:51LBMA warehouse, which is already already in, in quite a
- 10:55precarious situation. It's crazy what is happening
- 10:59there. More crazy.
- 11:01I got a lot. There's so much I'm going to be
- 11:03back on tomorrow, but more, more crazy news.
- 11:06So are you hearing this? Saudi Arabia, we know Russia is
- 11:10buying silver right from their central bank sovereign
- 11:13perspective. And now Saudi Arabia, this is
- 11:16being talked about. Look, I'm, I guess at this point
- 11:18I'm going to say speculation because I couldn't find any
- 11:22real, real like hard articles from Reuters, Bloomberg,
- 11:26anything like that. But there's a lot of people
- 11:28saying that Saudi Arabia as a country, as a sovereign country
- 11:32is buying silver. We know that the central bank's
- 11:36been buying gold by crazy, but now it's happening with silver
- 11:39potentially. I'm I, I always want to err on
- 11:42the side of caution. Here we go.
- 11:49This came from Make Gold Great, which is a reliable source of
- 11:52information and very good source of information.
- 11:54I love Make Gold Great on X. I'd recommend you follow them.
- 11:57It says silver equals money. Again alert Saudi Arabia is re
- 12:02monetizing silver. In 2025, Saudi Arabia's central
- 12:07bank became the second in modern times to announce silver to be
- 12:13adding silver to their reserves. OK and it's not just that now
- 12:17we've got big money. Look, guys, a lot of you are
- 12:22into physical silver. I'm into physical silver.
- 12:24A lot of you are into physical gold.
- 12:26I'm I'm not a big physical gold guy.
- 12:29I've got some silver. I keep it off site.
- 12:31I'm also in the mining stocks. I love gold mining stocks.
- 12:34I follow them closely. A lot of you know that silver
- 12:37mining stocks, something big is happening and there's a reason
- 12:40why as a physical, either gold or silver investor, this is
- 12:44reason for optimism and that is that the big money is moving
- 12:50back into the precious metal mining sector.
- 12:53OK, let me see. I've got a here we go.
- 12:57Let's look at the silver miners. We give credit where credit is
- 13:03due. This came from Gold Ventures.
- 13:04The major silver miners are breaking out of a 14 year base
- 13:08this week. Time to pile into the silver
- 13:11small caps as mania is about to unfold.
- 13:14And here's a chart of the SILETF with tracks all the big silver
- 13:19miners and is what he's talking about.
- 13:22Is this right here? OK, going all the way back to
- 13:27what would that be 2012, about 14 years.
- 13:30We have broke out above that line, as you can see.
- 13:33We tried a couple times, right? We hit up there most recently
- 13:36right during the C-19 crisis. But now we have definitely
- 13:40broken out and a lot of people think more to come.
- 13:42But there's a reason why, as again, even if you're just a
- 13:46physical investor, we want to pay attention to this.
- 13:49And the reason is because, look, when the big money comes into
- 13:53the silver or gold miners and it's been a ghost town, it has
- 13:57been. If you own precious metal mining
- 13:59stocks like I did, you went through some of the most painful
- 14:02periods your life. It was like a ghost town.
- 14:05There was like like 25 people trading them back and forth.
- 14:08When the big money moves in, OK, it's going to be like trying to
- 14:12drain Hoover Dam with a, a garden hose.
- 14:15And I always forget the older guy who who said that I did not
- 14:19make that up. But more importantly, think
- 14:22about this. When that big money starts
- 14:25looking at the gold and silver mining sector, which are
- 14:27starting to make massive amounts of profit, it's also going to
- 14:33bring attention just to the metals themselves because people
- 14:37haven't the sheeple. 99% of the people out there are clueless,
- 14:44right? You're in front of the herd.
- 14:46You're out there. You're, you're, you're, you're
- 14:48the, you're on the lifeboat from the Titanic.
- 14:51We're the that small group of people that got on the lifeboat
- 14:55and got off the Titanic. When the mad rush comes, it's
- 14:58going to be absolutely crazy and we ain't seen nothing yet.
- 15:03We're maybe in the second inning of a nine inning ball game that
- 15:07could go to extra innings. I mean guys, and there's more,
- 15:11we got more to talk about. Thank you guys again for.
- 15:13And when it comes to the mining stocks, you know, there's a
- 15:17company that I've owned the stock for years and years, long
- 15:20before they sponsored my channel, OK.
- 15:22And I'm not giving financial advice mining stocks any
- 15:25investment or risky, but I've owned first Mining Gold.
- 15:28They are a Canadian gold development stage company.
- 15:31They have two huge projects in Canada, gold in the ground.
- 15:36In Canada, they have the Duparque project located in
- 15:39Quebec and Spring Pole located in Ontario.
- 15:43These are development stage projects.
- 15:44The gold is in the ground, it's been drilled, it's been defined,
- 15:47and we're talking about millions of Oz of gold.
- 15:50They're working through the permitting process.
- 15:52The exciting part is as there aren't many big, huge gold
- 15:56projects that have been defined to the extent that First Mining,
- 16:00Duparque and Spring Pole project, there aren't many left
- 16:03in these big mining companies that are making all this money
- 16:06right now. The Barracks and the Newmont's,
- 16:09all of them, right? They've not been investing in
- 16:12exploration. They haven't been refilling
- 16:14their pipeline. They're going to go out shopping
- 16:17soon. No guarantees, but I would think
- 16:19the companies like First Mining Gold are going to be potentially
- 16:22in a very good spot. You can learn more about that
- 16:24company at firstmininggold.com. All right, let's move on.
- 16:29Let's go back to silver. So many stars are aligning, not
- 16:35just for gold, but for silver. And what does this tell us?
- 16:38This is just absolutely astounding when we look at the
- 16:42silver market, the paper silver market.
- 16:45This comes from the dude on X says the silver market this was
- 16:50yesterday traded 540 million paper electronic make believe Oz
- 16:58yesterday 540 and here's the data right here right where he
- 17:03spells it out. OK guys think about this.
- 17:09I'd like you to consider something yesterday in one day,
- 17:14right? Paper make believe silver, not
- 17:16this, not the Real McCoy. Oh, OK, look at that.
- 17:20That's the real thing. The paper silver traded the
- 17:24equivalent basically more than more than half of what the
- 17:30entire silver mining industry. And I got another fact I'm going
- 17:34to share with you next. It's even crazier, but the
- 17:36traded more than half of what the silver mining industry
- 17:40creates in any given year. Now also consider this, that the
- 17:46amount of silver being produced by the silver miners has been
- 17:50stagnant and I think even declining in recent years.
- 17:54Now this next point. This is crazy.
- 17:56Something very simple, very simple.
- 17:59But sometimes the simple things, right?
- 18:01Because little things mean a lot and simple things are the most
- 18:05powerful. This I believe to be one of the
- 18:08something I didn't really think about much.
- 18:11We'll come back to that. That's Ed Steer this one here.
- 18:16This came from Steve AG. OK, think about this is this
- 18:21kind of blew me away. There's less silver in the world
- 18:25today than yesterday. That's the fact.
- 18:30OK. We are running a silver deficit.
- 18:33The world is consuming more silver than is being produced.
- 18:37So as a result of that, let's think about that.
- 18:41Again, There's less silver in the world today than there is
- 18:46yesterday. And where does that lead us?
- 18:49OK, I'm going to, I'm going to do a short clip here from Jesse
- 18:53Day. I love this guy Jesse Day.
- 18:55I think it's called commodity culture.
- 18:56We'll see here in a second. But he interviewed this guy, Ed
- 18:59Steer. Ed Steer, I love listening to
- 19:01him. He's like a silver guru and he
- 19:03talks about the fact that basically they've been covering
- 19:07some of their shorts, the big, the big bullion banks.
- 19:10But there's something different about what's happening now.
- 19:13So let's listen to what he says when he's talking with Jesse.
- 19:16I found this to be very, very interesting, very insightful.
- 19:20And here we go. Yeah.
- 19:24It's called commodity culture. Give him credit here.
- 19:27Jesse Day. You can follow him on X.
- 19:29Really a smart guy. He has some great interviews.
- 19:32But let's let's listen to a little bit here what Ed Steer
- 19:34says. If you look at the price,
- 19:37normally what happens is that is that the boys are going to come
- 19:40in and try to cover short positions.
- 19:41They drive the price into the dirt.
- 19:44So he's talking about when they're covering their short
- 19:46positions in silver and he's looking at the silver price.
- 19:50And usually what they've done is they would they would do these
- 19:52crazy smashes down. We've all been through them in
- 19:56silver, but there's something different this time.
- 19:58I'll start over at the beginning.
- 19:59I won't talk anymore. Listen to this.
- 20:02If you look at the price, normally what happens is that is
- 20:05if the boys are going to come in and try to cover short
- 20:07positions, they drive the price into the dirt.
- 20:10But you know, we haven't seen that really.
- 20:12And since since the beginning of July, which is like 6 weeks ago,
- 20:17seven weeks ago now, the Big Four and the Big Eight shorts
- 20:20have covered 14,000 of the short positions.
- 20:23And if you look at the chart, there's no sign of it anywhere
- 20:25that they've beaten the price down.
- 20:27They've been doing it quietly and under under the radar.
- 20:30The only time you'd notice it is when you look at the actual
- 20:33numbers. You'd never know it by looking
- 20:35at the price. So they've been reducing their
- 20:38short positions like mad and very quietly, not just in silver
- 20:42but also in gold. All right, there you go, man.
- 20:48Thank you for being here. Basement dwellers, please
- 20:51subscribe to the channel. Remember that is free.
- 20:54We're going to cover these developments.
- 20:55We've been doing it for years. Don't forget we sat down here
- 20:58together for years. That bear right there used to be
- 21:02blindfolded with $2500. That's the gold bear.
- 21:06And we said we would take the blindfold off When gold hit
- 21:10$2500. People laughed at us.
- 21:12People scoffed at us. I've got a whole file of hate
- 21:15mail from people saying I was lying to people.
- 21:18I was just a shill for silver and for gold, and we proved them
- 21:23wrong, I believe. Right.
- 21:25Very soon. Where is he?
- 21:26There he is. Huh.
- 21:28That guy right there. That's the Silver Bear with $85
- 21:32on his blindfold. That that will be coming off as
- 21:35well. Everything is lining up. the Fed
- 21:37delivered the whopper on Friday. Thank you.
- 21:41Jerome Powell. Jerome Powell's out the door.
- 21:43He can drop the truth bomb now. And he just dropped the truth
- 21:46bomb. We're in stagflation.
- 21:49We've been talking about it for two years.
- 21:51I've been, I've had Jerome in the box for two years, right?
- 21:54That is stanflation recession on one side, inflation on the
- 21:57other. We are headed for just, I don't
- 22:01want to use the word promised land, but those of us who've
- 22:05who've been stead steady and and realize the big picture, not one
- 22:09of the that's not a good one. Hold on the sheeple.
- 22:14I mean, nobody's awake. They're going to be they're
- 22:16going to wake up, but it's going to be too late when the Titanic
- 22:20is already sinking and you and I and the other people that had
- 22:24the foresight and put the work in to realize what's going on
- 22:27are in the lifeboat, okay? You they can't keep the paper
- 22:32facade up and keep the silver price down much longer.
- 22:35On top of that, we didn't even talk about China and India,
- 22:39right? They are the East is taking over
- 22:41the pricing mechanism for the precious metals are you know
- 22:45what's going on, on the Shanghai Gold Exchange, the physical
- 22:49market where silver is traded on physical level and the price is
- 22:53significantly higher, usually at least 10% higher than what it is
- 22:57in the West. You know that the Chinese are
- 23:00going directly now to South America and buying all of the
- 23:04silver concentrate that they can get their hands on.
- 23:07Guys, it is just unbelievable what is happening.
- 23:10You know that finally. Finally.
- 23:14Yeah. You heard it here first or maybe
- 23:16second, but doesn't matter. It's something we need to
- 23:18remember. That would have been a ghost
- 23:20town for so long, not just on the physical gold and silver
- 23:25side of things, but in particular with the mining
- 23:28stocks. The lights are coming back on in
- 23:30the ghost town, and then it's going to bring so much
- 23:32attention. All right?
- 23:34It's going to be a wild ride. I appreciate you being here
- 23:36again. I appreciate you joining me here
- 23:38in the basement. You're always welcome here.
- 23:40I hope you feel like you found a little home away from home.
- 23:43And Mr. Rodgers Neighborhood for gold and silver investors
- 23:47because it truly is a beautiful day.
- 23:49You take care of yourself, OK? And I will see you next time.