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**URGENT** Silver Price and GOLD -- "Just BEGINNING❓" -- Be READY · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  We've enjoyed quite a run in the gold price.
• 0:03
  You might be asking yourself, will it continue?
• 0:07
  You may be asking yourself, what about silver?
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  It's lagged a little bit, hovering around $25 per oz.
• 0:16
  What proof do we have that we could be in for a much higher
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  silver prices as we head into the end of the year?
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  In this video we're going to talk about what's happened.
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  We'll start with gold and then we'll look at silver and see
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  what evidence we have that we could be in for a great, great
• 0:36
  run in the silver price as well. But before we dig into that,
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  let's set the stage. Let's talk about what's behind
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  all these massive moves that will likely see not just in gold
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  and silver, but the commodity sector in general.
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  And we'll sum it up real quickly, won't we, basement
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  dwellers? It's all about Unicorn fart
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  dust. It's all about the Fiat money
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  system. It's all about printing money.
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  It's all about the fact that the Fed and the Western financial
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  system has built up so much debt that at this point we're pretty
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  much in a doom spiral. And the only way out is to
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  dilute the currency. All those dollars out there, all
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  that debt, all those derivatives, it just doesn't
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  work. But let's focus in now on the
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  gold price. Let's talk about what has
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  happened in the gold price and let's recognize something about
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  gold. Gold is the godfather, yes, the
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  godfather of all precious metals.
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  Gold is the godfather of the anti Fiat movement.
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  We're going to talk more about silver later in the video, but
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  silver will follow gold as well and gold has broken out.
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  I want to pull this up for you quickly, basement dwellers.
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  Gold has broken out. Big news from a cup and handle
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  pattern. Look on this chart you can see
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  2011, 2000 dollars 2020. We remember that right after the
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  C19 crisis $2000. That formed a massive cup, and
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  since then it formed a handle which has broken out.
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  We're above $2200 in gold. This is the most reliable, the
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  most powerful of all technical charting patterns in the world.
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  OK, the other interesting thing about gold?
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  Two more things. Number one, it has broken out
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  from an inverse head and shoulders.
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  That's what you're seeing on your screen right now.
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  That's an upside down shoulder on the right side, head in the
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  middle, and shoulder on the left side, and again, we've broken
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  out above that 2000 level. That's another powerful chart
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  pattern. The final thing to recognize
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  about gold is that it has broken out from a triple top and it
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  bumped up in that 2000 range three times.
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  Heck, it feels like four times to me and has broken out from
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  there as well. The important thing to remember
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  as we talk about all this though with gold as it goes to new all
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  time highs, I heard somebody say last night, did you know this,
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  that in Canadian dollars I heard that gold is 3000 Canadian.
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  I wasn't able to confirm that but it's just crazy what's going
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  on. And as gold goes to new all time
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  highs, guys, there is less and less overhead resistance.
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  That means, yes, there's nobody out there.
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  You don't know anybody who paid 2400 U.S. dollars for gold who's
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  waiting for it to get there so that they can sell and get their
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  money back, right? There's nobody who bought gold
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  for $2600 US. OK, there's no overhead
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  resistance. And as things go to new all time
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  highs, fewer and fewer people become interested in selling.
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  The future looks bright. Look, I talked about $2600 Gold
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  prediction for May of this year. It seemed just a few weeks ago
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  that that was out of the question, but it appears we
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  could be heading for a gold price above $2500 this year.
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  We even have JP Morgan talking about that.
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  Now let's move over to Silver, our old friend Silver.
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  I sometimes say that for all intensive purposes, the all time
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  high in silver is somewhere in that 29 to $32 per oz range,
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  because I know silver hit $50 several times.
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  But you need to remember there are almost no people out there
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  who bought silver when the spot price was over $30 per oz.
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  There's a few, but when it comes to that overhead resistance,
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  similar to what we talked about with gold, there just aren't a
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  lot of people out there who bought silver when the spot
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  price was very temporarily 50 or 40 or even $35 per oz.
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  For all intensive purposes. Once we get above 303233 and
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  silver, it's my opinion that we will essentially be in new all
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  time high territory with less and less overhead resistance.
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  But let's pull up the silver charts real quickly because
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  there's very interesting developments there as well.
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  This is the almost 50 year, 45 year cup and handle formation
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  that's formed within silver Massive.
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  The longer period of time that a cup and handle is formed over,
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  the more powerful, the more predictable it is. 45 years is a
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  long, long, long time, but it gets even more interesting.
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  OK, when we look at this, this came from Kimball charting,
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  right? Basically the same pattern.
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  This was from a few years back. But but let's go to slide 3,
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  because this is where the key may lie.
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  Silver's in a wedge, OK? It broke out above 25 for a
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  short period of time. But over the last number of
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  years, on many different time frames, the price of silver has
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  been compressing, OK. And eventually price will break
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  out of that wedge. Doesn't it feel like it wants to
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  break to the upside? But wait, there's more.
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  Because if we go back, OK, if we go back to this chart or to this
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  chart and we look at the handle, what we see is over here in the
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  handle, see that there's a wedge forming there as well.
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  OK, There's a wedge forming here.
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  So that wedge pattern that we looked at is at the right hand
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  side of the handle and when that breaks out, it could be
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  explosive. We have people talking about
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  triple digit silver, reputable analysts that look at these
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  charts talking about the prospect that within the next
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  couple years we could have a triple digit silver.
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  Hey Speaking of silver, I want to say thank you to channel
• 7:21
  sponsor Pinbex. They make this video possible.
• 7:24
  Check out Pinbex next time you are shopping for online bullion.
• 7:29
  If you want to buy silver, gold or platinum online, I think
• 7:31
  you'll find what I found. Pinbex checks all the boxes and
• 7:35
  you will get more metal for your money but you need to find that
• 7:39
  out for yourself. Also, let's say thank you to 1st
• 7:42
  Mining Gold Canadian Gold Development Company with 2 multi
• 7:46
  million ounce projects in Canada.
• 7:48
  You can learn more about them at firstmininggold.com And our
• 7:52
  friends at Fortuna Silver who actually mine more gold now than
• 7:57
  they do silver. They mine both gold and silver
• 8:01
  and they do it in a manner that generates a great deal of cash
• 8:05
  flow. We're real excited to see the
• 8:08
  performance of Fortuna during the first quarter here of 2024.
• 8:12
  I think we'll hear about that in about six weeks.
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  You can learn more about Fortuna at fortunasilver.com.
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  But what makes Silver even more explosive in this environment,
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  guys? If Silver moves like we think it
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  will, when it moves like we think it will, we could see a
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  rush, a squeeze, if you will, like we've never ever seen
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  before. Because number one, people are
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  waking up, #2 think about it. People communicate now much more
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  quickly in the past. And #3 people not us 'cause
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  we've already planned ahead. We've already been to the
• 8:54
  Pembecks website, but the other people, right?
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  The herd that's going to be following us if and when the
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  silver price explodes, they'll be able to jump online and buy
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  silver immediately. This is not the 1980s where you
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  had lines of people going out of the local coin shop.
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  Sure, there will be lines at the local coin shop, but in today's
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  day and age, the entire availability of a retail
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  investable silver can literally be wiped out in hours because of
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  online purchases. It could get crazy, and it could
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  get crazy very, very quickly. Hey, the other thing to remember
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  about silver, We'll just throw in a few more fun facts, right?
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  Don't forget, All right, all that silver that's out there now
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  is being 50% of it is being eaten up by industry.
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  It's just looking very, very good as we move into these
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  coming years. Thank you for joining me here in
• 9:54
  the basement. Please give this a thumbs up and
• 9:57
  subscribe to the channel. If you want to get a piece of
• 10:00
  content every single day about silver and gold.
• 10:03
  It's a big deal to me when you join me here in the basement.
• 10:07
  They forgot the name it Ron Tube, they named it YouTube,
• 10:11
  they named it after you and there's a reason for that.
• 10:13
  You are the most important parts person.
• 10:17
  Be well and I'll look forward to seeing you soon.