Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **Must YOU Worry?** Silver is Doing THIS! 🐼🐼 (gold price update)

Transcript

**Must YOU Worry?** Silver is Doing THIS! 🐼🐼 (gold price update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
You and we are experiencing one of those cruddy days in the
0:06
world of precious metals, gold, silver, platinum, Palladium.
0:10
What we need to do and what we will benefit from doing together
0:14
is getting a perspective on what is really happening.
0:19
Do we have reason to be seriously worried or is this
0:23
just a normal bump in the road? Look, guys, I've been following
0:27
these metals for 25 years. I don't know how long long
0:30
you've been in this market, but I'll give you my perspective
0:33
from decades of following the precious metals and why I do
0:38
think that we are still in very, very good shape and we're in
0:42
that good shape together. Speaking of which, you've
0:44
decided to join me down here in the basement.
0:46
Thank you very much for doing that.
0:49
Your time is valuable. We still have the free
0:52
subscription deal going. So press that subscribe button,
0:55
turn on the bell notifications, leave a a note in the message
0:59
section, comment in the comment section.
1:01
Hey, it's a big down day in the gold and silver.
1:04
You can say whatever you want. I've heard it all.
1:06
You don't have to agree with me or the other people in the
1:09
comment section. All that we ask is that you are
1:12
respectful. Now let's talk about what's
1:14
going on. It's ugly in the world of silver
1:17
and gold. But let's let's look at one
1:19
quick thing that might give us some perspective and then we'll
1:22
look at a chart. But this I think says a lot
1:26
about what's going on. Came from Nastra House of Gold.
1:30
And he said there have only been two days in the history.
1:34
Hold on a second here. We're having some tech issues
1:36
while we're having all kinds of issues today.
1:39
There we go. Only two days in the history of
1:43
silver that the price has ever been higher than it is this very
1:48
minute Friday and today. Now that was from earlier today.
1:51
He said people need to calm down.
1:53
Let's go out. Hold on one second here guys.
1:57
I don't have upstairs Susie here with me today and we're having
2:01
some tech issues. Here we go.
2:03
I think we're up here. Let me make sure if you can see
2:05
me and hear me, huh? Hopefully you can see me right
2:09
now. It's good to see you.
2:10
Give me a 5 by 5 in the comments section.
2:13
All right, so that's Nostra pointing out.
2:15
Hold on, we're back, right? That where we are right now,
2:21
$7172 silver. We've only been here a handful
2:25
of times. I know it stinks.
2:27
Everybody was talking about $85 silver, $90.00 silver in China
2:33
and Dubai. All this craziness erupted in
2:36
the precious metal sector. Even old Smitty back there
2:39
seeing the silver bear who has the $85 blindfold on, which will
2:43
come off when silver hits $85. He was starting to wiggle
2:47
around, but God is we got to remember something.
2:50
Even at $72 silver, we are in good shape.
2:53
Let's go out and we'll look at the futures market and see where
2:57
we sit right now. Here we go.
3:01
OK, this is CNBC $71 and $0.38 in the futures market.
3:07
This is a three month chart, OK, that's right there.
3:12
Three months of the price of silver, this period right here,
3:16
we're about equal, right? That goes back to the 21st.
3:20
We've only been this high that the price has come down since
3:23
Nostra put his post out. But we've only been in this
3:26
level for about one week throughout all of history of
3:31
silver. So we've got to keep that in
3:33
perspective. We're going to look at a bunch
3:34
more charts. We're going to talk about what's
3:36
going on with China. We're going to talk about one of
3:38
the biggest financial institutions in the world saying
3:41
something shocking about how much percentage of people's
3:45
wealth they should have in precious metals.
3:48
We're going to talk about manipulation.
3:50
But when we look at this, we got to stop and get a perspective of
3:54
where we are now. Next, let's go look at what
3:57
Craig Hempke from TF Metals had to say.
4:01
OK, he says. Here's an update on the chart
4:03
we've been following at TFMR since November 18th.
4:07
Will the trend line bring a bounce?
4:09
Probably, but that's an ugly Ord candle today.
4:14
I prefer by by the depth at or near the 20 day instead.
4:19
No hype, no hysteria, no AI, no no Chinese AI guy just trying to
4:25
stay sane amidst the madness. Let's look at his chart and why
4:29
I think this is very important. OK, what he's pointing out is
4:34
this blue trend line. You can see right here with the
4:37
red line underneath it that I just drew.
4:40
But what we want to pay attention to is this, this area,
4:44
area right here, and I'll underline this on the right,
4:47
it's $70.00. I will tell you that will be a
4:51
critical level. If we break down below $70 here
4:55
in the next two days, three days this week, that could bring us
4:59
down into the 60s. But still, But still, guys, we
5:04
got to remember, right? Look, here, I'm going to give
5:07
you the speech, OK? We're OK, We are OK, and we're
5:12
going to look at where, well, I'm going to tell you where.
5:14
Silver and gold War One year ago today in just one second.
5:18
But we got to remember this is normal.
5:21
What's going on? We had a big upswing in the
5:24
price of silver and gold for that matter.
5:28
The reality is nothing goes straight up.
5:31
Look at the chart of Apple, look at the chart of NVIDIA.
5:34
Look at the chart of anything that's gone through a major bowl
5:37
run. There will be pullbacks, and
5:39
this is consolidation. What's happening right now is
5:42
all those people that hopped on the silver train a week ago,
5:47
four days ago, 5 to whatever, OK?
5:49
The short timers, the ones that aren't the real true believers,
5:53
they're probably selling out there, like I got to get out,
5:55
you know, whatever. And they're being replaced by
5:58
more and more and more people that have real conviction, like
6:02
you, right? Like me, 4 Silver and gold, too,
6:06
right? Gold's going through the same
6:07
thing. We'll look at the gold chart
6:09
here in a little bit. We are in the process of
6:12
establishing a new normal for the silver price, all right?
6:17
We are in a new world, a new paradigm for gold and silver.
6:22
Right now, we're setting kind of a new mindset, right?
6:25
I know we all think of silver and gold in terms of pricing it
6:29
in U.S. dollars, whatever, OK? That's what we do.
6:33
So we're going to think that way.
6:34
What we're doing now is getting comfortable with $60.00 silver,
6:39
getting comfortable with $70 silver.
6:42
Now look, anything can happen. I would be shocked if we go back
6:46
to a silver price that starts with the letter 5 and is not
6:51
500, meaning if we get into the 50s.
6:54
Hey, Ollie Crowe, I'm wrong. Well, I'm not really.
6:57
I mean, we're going to talk about this in a second.
7:00
We got to look back just one year, OK?
7:03
One year ago, one year ago today, the silver price was
7:08
$31.42. Get some perspective, take a
7:15
step back and think about that. We've gone from $31 essentially
7:20
to $70 plus silver where we are sitting right now today.
7:25
It's normal. I know I don't like it.
7:28
It hurts, it stinks. I'm with your brothers and
7:30
sisters of the silver world. And by the way, I am glad you're
7:34
down here in the basement with me.
7:36
But we got to be real, man. A year ago, right, when silver
7:41
was $31 per oz, you know what gold was?
7:45
Who knows? Gold one year ago today was
7:49
$2600 per oz. Let's go take a look at where
7:53
gold is. Hold on one second.
7:55
I'm going to give gold. I'm haven't been paying as much
7:57
attention to gold lately as I should.
7:59
We'll go back to CNBC and up. I got the wrong screen up.
8:05
Now you can see it OK, so we're going to go to CNBC and we're
8:10
going to go to the gold price. Gold, gold down 217 dollars 4301
8:19
year ago right now it was 2600. OK, so while it's no fun, while
8:25
it hurts, we got to look at the big picture and we're going to
8:28
talk about the big picture and why we right, can remain very
8:33
optimistic about where the gold and silver price are going to
8:38
consolidate in my opinion. And then from there, where we
8:41
can head. Excuse me?
8:43
OK, let's talk about rumors. You want to hear some rumors,
8:48
some gossip, some Oh my gosh, I got a super chat.
8:51
Thank you, Bill P Thank you. Sorry, Susie's out at the
8:56
dentist so she's not here upstairs.
8:58
Susie. Everybody can still say hi to
9:00
her because she'll watch this and read all the comments.
9:02
Thank you, Bill for the for the, the Super chat.
9:05
Super appreciated. You want to hear about some
9:07
rumors? There's all kinds of craziness
9:10
going on in the precious metal sector right now.
9:13
One of the rumors is that one of the major bullion banks got
9:16
bailed out over the weekend. the Fed repo injected.
9:20
I don't know what 26 billion, I don't know regulation still in
9:25
my synopsis of things and I don't want to report that is
9:28
true. But still there's a lot of
9:30
people that are are reporting that is being factual and true.
9:34
We don't know, but there's a lot of stress right now, not only in
9:37
the in the silver and gold markets, but how it relates to
9:40
the banks. The other I'll say rumor going
9:44
around is about JP Morgan supposedly like on December 8th,
9:48
JP Morgan, you know that JP Morgan that's let's say has a
9:53
little influence, influence over the the the the silver and gold
9:56
price or has for decades that they booked a big loss on their
10:01
silver short position. And apparently this was
10:04
supposedly filed with the SEC like billions of dollars lost,
10:08
whatever. And then now, now, now JP Morgan
10:13
has switched to being net long in the silver market.
10:17
And I heard somebody say 700 million oz plus.
10:21
Now, you know, there's this Asian AI guy out there who's
10:24
reporting all kinds of stuff, secret meetings that went on
10:28
between what was it? The LBMA, the the COMEX, the
10:33
HSBC, JPMorgan, the Bank for International Settlements.
10:38
I think even God himself was at that meeting supposedly, and
10:41
that the Chinese AI guys, one of his friends listened in on the
10:45
call and that they settled on $75 silver.
10:49
That's, in my opinion, very, very speculative and very well.
10:54
I'll just leave it at that. So that's what's going on next.
10:58
We're going to talk about New York life, right?
11:00
They have, from what I understand, almost $1 trillion
11:04
under management and they said something shocking about
11:07
precious metals. We're going to dig into China.
11:10
Why I still say some people do you agree with this or not agree
11:15
with this, but what's happening right now with China in the
11:18
actual data, the actual facts that we can look at with China
11:22
and silver in particular are shocking.
11:24
Before we do that, on a day when silver's down, you might be
11:28
considering buying yourself some silver if you are consider
11:32
checking out first. Meant they sponsor Ron's
11:35
basement. We get together because of them.
11:38
They help support this channel. There's Silver Mint in Las
11:42
Vegas, NV, owned by First Majestic who mines the silver in
11:46
Mexico. Precious silver around from the
11:49
mine to the mint directly to you.
11:53
They got great products, wonderful stuff.
11:56
Here. I'll show the other side of this
11:57
today. Here is their Buffalo Round,
12:00
absolutely beautiful. And on the other side, there's a
12:03
Indian Head. I mean, these are really works
12:06
of art. Sometimes I look at them like
12:08
from different angles and the detail is absolutely
12:12
unbelievable. You can get free shipping on
12:14
orders over $299. You can also get a discount here
12:20
at their website firstmint.com if you use the coupon code VIPRB
12:28
because your VIP in your Enron's basement VIPRB New York life,
12:33
right? We talked.
12:34
I mean, we're we got it. Was it Morgan Stanley
12:37
recommended 20% allocation to gold and I default silver as
12:43
well. But wait till you hear and we're
12:45
going to look at this right now. What New York life and we don't
12:48
hear a lot about New York life, but they're massive largest.
12:53
Am I on the right screen? Hold on, here we go.
12:55
Largest. This came from, let's give this
12:59
guy credit. I don't know Mr. Skull and
13:01
Crossbones. Anyway, largest life insurance
13:04
provider in the United States, New York Life with 900 billion.
13:10
We'll round that up to a trillion.
13:12
Assets under management suggest precious metals allocation.
13:17
Read this up to 20% now I'm going to show you where they say
13:23
that, which is down here under the alternative investments
13:27
area. They talk about commodities such
13:30
as gold if served, blah, blah, blah, blah, blah.
13:34
All right, hold on a minute here.
13:35
Let me see if I can make this. I don't think I can see if I can
13:38
make this bigger for you to be able to read it more clearly
13:41
now. Doesn't do it, OK, Anyway, OK,
13:47
hold on, we're all over the place now.
13:49
We're back. OK, So this is again in the alts
13:52
section over here and this is where they describe what they
13:56
mean by those investments, OK, hedging inflation and
14:02
geopolitical risk with both gold and commodities.
14:06
That would include silver allocation considering gold,
14:10
precious metals, industrial metals as a 5 to 20.
14:16
Maybe you may not be able to read it, but it's right there.
14:18
20% satellite sourced from equity.
14:22
So very interesting that we now have right the the the country's
14:26
largest life insurance company with almost $1 trillion of
14:31
assets under management. We got Morgan Stanley.
14:34
People realize this is not, you know, look, we're going to have
14:37
bad days guys. But in my opinion, the long term
14:41
thesis behind what's going on with gold and silver remains
14:46
intact. Absolutely.
14:48
Let's look at what's going on with China.
14:50
We got 2 interesting things right now going on with China
14:54
and the gold and silver price. So let's go to the first one
14:58
here from Silver Santa China physical silver $83 LBMA paper,
15:06
right? Right.
15:07
Now we know. Now let's go look at what what
15:09
silver is in the paper market. OK, $71.60 As you can see at the
15:17
LBMA, the world spot price gold 4300, but silver 71.
15:24
Now let's get back to Silver Santa.
15:26
In the Chinese data, crazy spread of 10%, which is now
15:31
actually probably closer to 1413%, maybe 15.
15:35
We know where the silver will be going to the east.
15:40
China is still in control and we have export restrictions in
15:45
three days. OK, So there's the data from the
15:48
Oriental Ghost gives that everyday, OK, for those of you
15:52
who are new, all right, this is the Shanghai Gold Exchange,
15:55
their physical market. There's AG Silver on the
15:59
Shanghai Gold Exchange, $83.52. Now, of course, later today when
16:05
their market reopens, it'll be interesting to see where that
16:08
goes. But it gets even more
16:10
interesting when we consider this OK from Solve Net Hug, huge
16:15
backwardation for silver in China on the Shanghai Gold
16:19
Exchange. As we just saw, the spot price
16:23
of silver is $83.52 on the Shanghai Futures Exchange.
16:30
Their futures market, their version of the, I'm sorry, not
16:34
the yeah, not no, not the Albany made the COMEX OK, and the
16:38
future market, their silver price is $80.89.
16:43
That equals massive, massive physical demand.
16:48
That is backwardation. Because remember guys, in any
16:51
healthy market, OK, the spot price, the immediate price of
16:57
silver or any commodity is lower than the futures price.
17:01
But right now what we're seeing is that in China, spot price
17:04
8350, futures price basically 81.
17:09
I don't remember seeing this very often, although some people
17:12
say it's happened in the past, you know, whatever.
17:14
But what that signals, that is backwardation as we can
17:18
highlight right here. But what that signals is that
17:22
even in China right now, people are paying a premium.
17:28
Very unusual situation to get their hands on physical silver.
17:33
It's getting interesting. It will continue to get
17:36
interesting. And on top of that, one more
17:39
update from China. Our friend Tim Hack points out
17:43
what's going on with their export controls.
17:45
But then something speculative, but even more more interesting.
17:49
See if I can get this up on the screen for you.
17:53
Here we go. We're going.
17:55
There we go. OK, Mr. Hack in yellow.
17:57
The yellow is not the real and interesting part.
18:00
China locks silver exports in less than 72 hours on January
18:05
1st. Export licenses only now
18:08
remember. This is the first interesting
18:10
point, but the next part's even better.
18:12
They control 70% of global supply. 70%.
18:16
I didn't know that through their refining network.
18:19
Also from abroad. Yesterday Chinese industry
18:23
already bid at $90.00 silver. There was a not a not AI video
18:29
out from a guy in China explaining why they were paying
18:32
more than $90.00 per oz. Silver has no limit here.
18:37
I'll explain why now this is I'll say speculative just in my
18:40
opinion, not questioning Mr. Hack, but very interesting and I
18:44
think worth us talking about South American miners.
18:48
Remember guys most silver comes from Mexico and South America.
18:52
They will outperform because they are the only real option
18:55
America and Europe have for economic and substantial output
18:59
increase. The Andes right?
19:02
Guess why the US fleet is in South America?
19:06
Not because of oil in Venezuela. That's mainly a cover up.
19:10
It's because of silver, gold and base metals and rare earth
19:14
assets in Peru, Bolivia, Chile, Brazil to scare off China from
19:19
taking full control. Again, I'm going to label this
19:22
as speculative but still super interesting.
19:25
If the US loses control over South America, it's industry and
19:30
weapon production can be choked to a halt.
19:33
That's why we see what we see. Once U.S. markets open, silver
19:37
will go a lot higher. Well, it didn't work out that
19:40
way, but very interesting theory on what is happening, number
19:43
one, with silver in China, but #2 in South America as well and
19:50
how that relates. OK, now let's look at something.
19:53
Again, we want to keep perspective when things are
19:57
going South, right? And remember, nothing goes
19:59
straight up forever. But let's look at a chart came
20:02
from the guy Jordan. Roy Byrne from the Daily Gold
20:06
had a video out and he had one chart in there that really
20:09
grabbed my attention that I think shows us two things, where
20:15
we are in the current rally and where we can go.
20:21
We're going to focus in on silver because this was a silver
20:24
oriented chart, but let me get this up on the screen for you
20:28
right now. You should be seeing it.
20:31
Here we go. Yep, here we go.
20:34
OK, so as you can see, I want to give him credit.
20:37
This is from the Daily Gold and there's the picture of Jordan.
20:41
You probably know him and and great guy, great analyst, super
20:46
smart guy, super nice guy too. Very, very, very highly regarded
20:51
and liked within the gold and silver community.
20:53
Now this shows hold on a minute here.
20:58
Shoot. Well, it's an analog.
21:00
It's an analog a chart. This shows.
21:04
I want to get this. Give me one second.
21:06
OK, here we go. Get rid of it there.
21:08
There we go. Silver, all time high price
21:12
breakout analog plus two others. OK, now, now we can see it.
21:16
OK, so in 2000, Sorry, I'm being a bit of a perfectionist.
21:21
Here we go. Get the crayons back out.
21:26
Now we're in business. OK, this right here in the
21:29
bottom, that black line is the 2025 Silver Rally.
21:34
You can see it right here. This black line, I have my
21:37
cursor on it and it stops about right here.
21:41
OK? This runs right, just in terms
21:44
of time frame from where we are today, basically September
21:48
through today all the way through 12/31 of 2026.
21:54
So this is a projection, but it compares these different lines,
21:58
different rallies that we had. Let's look at this one 1st 1967
22:04
silver rally. As you can see, real similar,
22:06
right, shot up almost at the same rate the where we are now.
22:10
Then that blue line, kind of turquoise line consolidated for
22:15
a while, but continued. I'm going to draw over it with
22:19
red, continued upward, upward, upward, upward.
22:22
OK, So that was 1967. Next we'll look at 1975, which
22:30
is more of the a bright red line, OK, As you can see, it
22:34
didn't take off quite so soon, but when it did, whoo man, did
22:38
it ever go up quite a bit, right?
22:40
Continued up, consolidated and ended about right there.
22:44
Now, next, let's look at the dark kind of the maroon color.
22:49
And that says I think, yeah, 1978.
22:53
OK, look at the maroon colored line.
22:55
There it is. Hold on here, I'm losing my
22:57
eyesight. There it is.
22:59
There it is. There it is.
23:01
Look at the maroon line. Whoa.
23:03
It really took off. And again, that was in the
23:06
course of about one year. He also compares copper here,
23:14
which is kind of a darker green line which goes up to right here
23:20
during that time period. And finally compares silver back
23:25
in 2010, which is the orange colored line which goes, I mean,
23:32
that was a real move, you know, pretty much consistent all the
23:36
way up. So the take away here is don't
23:39
forget guys, hold on, let me get rid of that and that OK, the
23:43
take away here is we are in the black line right now.
23:46
So we kind of bounced around and then we shot up to right here
23:50
that we've only gone this far in the process.
23:54
What about 9:00 to 10:11, about 3 months so far.
23:59
We still have this whole part right to go.
24:03
No guarantee that we're going to go up, up, up like everybody
24:06
else, but it gives us some perspective of where we are.
24:10
Now. The other thing I want you to
24:12
look at on this chart are these lines, right?
24:15
Like look at this move, right? Went shot up, shot up, shot up,
24:19
up and then went down. OK, so there it anything you can
24:26
look on this chart. I don't need to draw lines for
24:27
you. Any any of these big past
24:30
rallies that we had even on a one time one year time frame did
24:35
have major, major pull backs, right that were OK.
24:40
I remember hearing Keith Neumeyer say it once from First
24:42
Majestic Silver. Hold on, hold on.
24:46
Oh shoot, hold on. Hopefully you guys can still see
24:49
me and hear me. Yes, you can.
24:51
OK, right. Talked about the the rally in
24:55
silver. From 2001, silver was under $5
24:59
and from 2001 to 2011 went from under $5 to over $50, a 10X
25:06
increase. OK, where did we start this
25:08
rally at $2530? Depends where you want to say we
25:11
started. If we get a 10X rally, we're
25:14
going to 300. But what Keith Newmeyer said,
25:17
what I heard him say, and I absolutely know I heard him say
25:21
this. I'm not putting words in his
25:22
mouth, but he's super respected. He's been through this before.
25:26
I went through this as well. Is that during that period from
25:29
01 to 2011, he was like, there were many times where like
25:33
there'd be a price pull backs and you'd think, oh, it's over,
25:36
it's over, it's done, take my toys and go home.
25:41
And then it took off again, right?
25:44
And then it pulled back again and you thought, oh, it's over.
25:46
Oh, you know, I was a mistake, blah, blah, blah.
25:49
And then it took off again. So I think we've got a super,
25:53
super optimistic future. Let's talk about, I want to say
25:57
thank you, we're going to talk about manipulation.
25:59
Briefly, I want to say thank you to 1st Mining Gold for
26:03
sponsoring Ron's basement as well a development stage gold
26:06
company in Canada. Two big multi million ounce gold
26:10
projects, one in Duparque located in Quebec and Spring
26:16
Pole located in Ontario. Both of these projects have
26:20
multiple million ounce deposits in the ground.
26:23
It's exciting company, lot of catalyst on the horizon for
26:27
them, a stock I've owned before they sponsored my channel.
26:30
Don't forget, I'm not a financial advisor, but if you're
26:33
interested in development stage gold mining companies, do
26:36
yourself a favor, check out first Mining Gold at
26:39
firstmininggold.com. I got a word for you about
26:43
responsibility and but first, let's remember what's happening
26:47
right now. A lot of people are going to say
26:49
it's manipulation. It's manipulation is the silver
26:53
price and the gold price for that matter, is it is it managed
26:56
or manipulated throughout history?
26:58
Absolutely. It's been proven right.
27:00
JP Morgan, it was proven in court.
27:02
They sent people to jail. They paid a, I don't know,
27:05
massive fine over it. Is there a degree of
27:08
manipulation and what's going on right now?
27:11
Probably. But all markets are manipulated.
27:14
There's another factor that we can't forget, guys.
27:17
And. And look, I get it.
27:19
It's no fun. You know, I'm not crying.
27:22
I'm not going to cry over the solar price.
27:23
I've been, we've been through this.
27:25
I've I've felt this. If you felt this before, like
27:27
what's happening today, it's not the end of the world.
27:31
We got to remember, right? Yeah, part of it is probably
27:34
manipulation, but another part of it is also normal market
27:38
behavior. We didn't have like a straight
27:41
up spike. We looked at that many times.
27:44
We had a really steady increase in the silver price and then
27:48
what I would call an accelerated increase.
27:51
We didn't have a squeeze. We had more of a squeeze in the
27:57
silver price. So what's happening is normal
28:01
market behavior. Is it fun?
28:05
No. Right.
28:06
But, but, but, but don't lose sight of the fun.
28:11
Fun. I just realized something,
28:14
right? Fun.
28:16
Fundamentals. The first, the first 3 letters
28:20
and fundamentals are fun. And when we look at the
28:22
fundamentals of silver and gold, for that matter, when we look at
28:27
the US debt clock, when we look at what's going on with the US
28:30
dollar, right under the best case scenario, losing 2% of its
28:35
value every year. But we all know it's a lot more
28:38
accelerated than that. And because we can, we don't, we
28:41
aren't the MIT math majors, but we can work a calculator.
28:45
We know the acceleration of loss in value in the dollar will only
28:50
increase as we move into the coming months, quarters and
28:53
years. The fun, the fun, say it with me
28:58
smile. Fundamentals behind the metals
29:01
are there. They're in place, OK.
29:04
I feel better overall right now, and I've been, I've been
29:08
following silver and gold closely for 25 years, OK?
29:15
I feel better now about the future of gold and silver.
29:18
Me personally, I don't know how you feel than I've ever felt
29:22
before. OK, that's the big picture.
29:25
When I look at today, well, today stinks today, all those
29:31
other people that have no interest in silver, there's a
29:34
sheep warning. Sheep warning, right?
29:36
The people that we affectionately refer to as the
29:41
sheeple right there, they're saying they're going to see
29:43
headlines on. And that's the other thing.
29:46
They're going to see headlines on CNBC.
29:48
They're going to see headlines on Reuters saying silver crashed
29:52
silver, blah, blah, blah. You know they're going to you
29:55
know, look, look and that's OK, because you know what guys,
29:59
we've been fighting this for a long time.
30:01
We can dig into the charts. We can look at the fundamentals
30:06
of silver and gold. We can put it all together
30:09
right. We can't just look at charts.
30:11
We can't just look at fundamentals.
30:13
We got to look at geopolitics. When we look at everything going
30:17
on for both silver and gold, the future looks bright.
30:20
Like I've said before, you're my friends, right?
30:22
I appreciate you and I got to go out and check on the Super chats
30:25
here in a second. But please, no matter what you
30:28
do, whether it's stocks, bonds, mutual funds, cryptocurrency,
30:32
silver or gold, please be responsible dollar cost average
30:37
night. I can't I I feel comfortable
30:40
giving that financial advice, right?
30:42
If you're going to buy or sell dollar cost average, just my
30:45
opinion, but dollar cost average in dollar cost average out.
30:50
OK, Don't get too emotionally in involved in your investment in
30:56
precious metals. OK?
30:58
When we get emotionally involved, right, that's when we
31:01
tend to make poor decisions. That's a proven fact.
31:04
OK, Everything is OK Everything is good.
31:07
Hold on a second here. Make sure I didn't miss
31:10
anything. Oh my gosh, Oh my gosh.
31:12
Hold on. We got a super chat from I can't
31:16
my my hold on a minute. Hold on from Wayne.
31:20
Wayne. OK, Wayne, 5535.
31:23
Awesome. If Trump successfully brokers
31:26
the truce between Ukraine and Russia, gold and silver prices
31:29
will drop. Zolensky is with Trump right
31:33
now. We'll see.
31:34
You know, I I'm not disputing what you say, but at the same
31:39
time, everything's been turned upside down in the world of
31:42
precious metals. Thank you, Wayne, for that super
31:45
chat. Now we've got one from Hold on
31:48
here, Billy. Yeah, Bill, P2156A pull back.
31:53
The filled gap is a good thing. This will give us a new support
31:57
level. Absolutely.
31:58
I do agree with that. And a super trap from practical
32:02
preps, he says. Hold on here, if I can read
32:07
this, what do you think about the Asian AI guy?
32:09
Who is he? Yeah, I don't know.
32:11
I think the Asian AI guy, and I've heard that's a thank you
32:14
for bringing that up. And I want to talk about this
32:16
new support level. The Asian AI guy, there's some
32:21
speculation that he could be like, let's say from a source
32:27
that may have some nefarious intentions in the precious metal
32:32
sector. People bring up the fact that
32:34
the guys like they're whoever's behind this is putting out stuff
32:38
like on a crazy regular basis. It's a, it's a lot.
32:43
It's a lot of information and there's just a lot of suspicion
32:49
around the Asian AI guy. I haven't been able to watch all
32:52
of it. I've watched some of it, but
32:54
there's just so much craziness right now like I've never seen
32:58
in the precious metal sector. I mean, it's nuts.
33:02
And I think that at the end, right, the net impact of all
33:06
this, this, I don't know what you say, it's like scuffle,
33:11
scramble. It's hard to come up with the
33:13
right word that. But the net effect of it in the
33:15
end, when I think out six months, when I think out 18
33:18
months that it's going to be good for the price quote UN
33:22
quote of precious metals of gold and silver as we as we price
33:26
them in U.S. dollars. I mean, if we use the dollar is
33:31
the unit of measure for silver and gold, which we all a lot of
33:35
us do. Now you guys are joining from
33:36
all around the world, but I still think a lot of people in
33:40
different countries will look at the dollar price of silver and
33:44
gold. I think it looks incredibly
33:47
optimistic. Yeah.
33:49
And in terms of US filling that gap, I'm not a super technical.
33:53
And I mean, I look at the technical analysis, I look at
33:55
the fun, the fundamentals of silver, which are fun, no doubt
34:00
about it. And gold right now, look at
34:02
geopolitics, macroeconomic stuff, all of it.
34:06
I try to simplify it because who wants to sit down here and get
34:09
bored to tears looking at a bunch of crazy technical stuff?
34:13
Nothing against the people that do, but I think most people and
34:17
I've always wanted to be kind of a conduit for new people into
34:20
precious metals as well because the more new people we get, the
34:23
more fun we have with this, the better off it is for everybody,
34:27
right? And there's people out there
34:29
that are technical or whatever. Anyway, I digress.
34:32
Yes, I do feel like I think it's so critical for us to understand
34:35
pull backs are healthy during any rally and any asset, gold,
34:41
silver, stocks, bonds, mutual funds, real estate, any of it
34:44
because it gets the weak handed people out and they get replaced
34:48
with people that really know what's happening in the metals.
34:51
Hey, thank you guys for joining me today.
34:53
Don't forget there's a free deal going on subscriptions.
34:56
So hit that subscribe button. But most important, be well,
35:00
stay sane. Don't let you know short term
35:03
price moves. We're OK Make sure you're OK no
35:06
matter what happens. That's the most important thing.
35:09
OK, Take care and I'll see you. Yes, you.
35:13
Yeah, you next time.