Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER STACKERS 🚨 ALERT! 🚨 -- Massive NEWS for GOLD & SILVER Price
Transcript
- 0:00Start out talking about what's going on in the general precious
- 0:03metals markets, but come back to silver and again, determine just
- 0:08what exactly is happening in the silver market that is so unique
- 0:12right now that I believe could lead us to prices that are
- 0:16almost unbelievable. But let's head out to Kitco and
- 0:21see what they're saying about the gold and silver market.
- 0:24Gold prices last week dropped by 6% from all time highs, but the
- 0:30rally is far from over. After a significant rally
- 0:34Tuesday evening, the gold market has cooled considerably heading
- 0:38into the weekend. Many do not expect this week's
- 0:42top to represent the high for the year.
- 0:45So we had gold prices on Tuesday guys get above $3500 per oz.
- 0:51Can you believe that? I mean, do you remember, do you
- 0:54remember being down here in the basement just a year ago when we
- 0:58had the gold price? We had the gold bear still
- 1:00blindfolded and people were telling us that the idea of
- 1:04$2500 gold was preposterous. I was accused of click bait on
- 1:10my YouTube thumbnails because we talked about, thirdly, look how
- 1:13far we've come. We hit $3500 gold on Tuesday.
- 1:17And by the way, I want to say thank you for joining me here in
- 1:21the basement, guys, this is a big deal.
- 1:23When you come down here, we love to talk about gold and silver.
- 1:26This content is gold and silver focus for the precious metals
- 1:30community. Also for people in the crypto
- 1:32community who've been asking me to put out some content that
- 1:36focuses on gold and silver, you're all welcome here.
- 1:39Please subscribe to the channel, give the video a thumbs up and
- 1:43super chats. Super.
- 1:44Thanks. They're never expected, but but
- 1:46never expected. No, they're never expected and
- 1:49always appreciated. That's what I'm trying to say.
- 1:52Let's get back to what's happening.
- 1:54We are moving into a very pivotal week for precious
- 1:58metals. And then again, we're going to
- 1:59talk about why silver is positioned right now in such a
- 2:04way that we could see incredible, I mean, incredible
- 2:08returns in silver in the coming months, year and even decade.
- 2:14Let's go back to our friend Neils at Kitco, who also shares
- 2:18with us Jesse Colombo, right? This guy's like, like the big
- 2:23man in the gold and silver sector right now.
- 2:25Hats off to Jesse Colombo. He's been spot on with many of
- 2:29his recent predictions. Let's listen to what he says
- 2:31because but there's a big reason why we could be concerned after
- 2:35listening to his ideas about what is happening in the gold
- 2:39market. He's the founder of the Bubble
- 2:41Bubble Report, and he described gold's recent price action as
- 2:45healthy as a healthy pullback. He added that he could see gold
- 2:49consolidate consolidating through the summer and is
- 2:52looking for prices to hold support around $3000 per oz.
- 2:58Oh, come on, Jesse. Gosh, guys.
- 3:01So we could be heading down to 3000.
- 3:03He says, quote, I believe gold is still in the early stages of
- 3:07this bull market. Pull backs are normal, regular
- 3:10occurrences even in the most epic bull markets.
- 3:13Given this view, I would still not sell any of my gold bullion.
- 3:17Well, that's good to hear, but I would take a more defensive
- 3:21short term approach on futures or mining equities guys.
- 3:26Yeah, here's the bad news, right?
- 3:28Here's the bad news. Nothing goes straight up.
- 3:31Nothing goes straight up whether you're talking about gold,
- 3:35silver, wheat stocks, crypto currencies, right?
- 3:38If it's gonna go up, it does it in a jagged line.
- 3:41So we could see a pullback to this $3000 level.
- 3:45But let's talk about the big uncertainties that we're facing
- 3:49right now in the markets. 2 things, China, the China
- 3:52situation and also the economy and how that's going to play
- 3:56into the precious metals prices, including silver.
- 3:59But don't forget, at the end of this video, we got some good,
- 4:03good news about silver. Analysts note that renewed
- 4:06selling pressure in gold comes as fears over the economy begin
- 4:10to ease. While there's still plenty of
- 4:12worry swirling throughout financial markets, some
- 4:16economists argue that the economic uncertainty has peaked.
- 4:20Right. That everything is like, they're
- 4:22like, like we've reached peak economic uncertainty.
- 4:25Well, let's read on and, and kind of read between the lines.
- 4:28Lukman Otunga, senior market analyst at FXTM, described
- 4:32gold's price action as about a profit taking, but adds that the
- 4:36fundamental forces supporting gold remain in place.
- 4:42The week ahead is hold on a second.
- 4:44I forgot to turn on Susie's walkie-talkie.
- 4:48There we go. The week ahead is stacked with
- 4:51major U.S. data and corporate earnings, which may shape
- 4:55overall sentiment. So we've got big news coming
- 4:59this week. We're going to get the latest
- 5:00USGDP, the Fed's preferred inflation gauge and the US jobs
- 5:04report could influence the Fed cut bets, meaning guys, that
- 5:08we're going to get all this data this week and that could impact
- 5:12what what the Fed's rate cut expectations look like going
- 5:17forward. We can go to the CME Fed now
- 5:19tool, which we'll do here in a little bit and see what people
- 5:23are expecting. But we could have some short
- 5:26term turbulence based upon the economic data that comes out
- 5:30this week and we've got a lot of economic uncertainty.
- 5:34Let's see what Thulan Yung Ying, head of FX and commodity
- 5:38research at Commerce Bank, said she sees gold sell off as a
- 5:42temporary set back within a broader uptrend.
- 5:44Quote. It remains unclear when and in
- 5:48what form an agreement with the Chinese leadership is possible.
- 5:53There have been different statements on this from the
- 5:55Trump U.S. Treasury Secretary Scott Besent
- 5:58and Beijing. So gold is likely to remain in
- 6:01demand as a safe haven for the time being.
- 6:04Then they say employment data will will be the focal point of
- 6:07markets next week as April's non farm payrolls report will show
- 6:12how much of an impact America's tariff policies and austerity
- 6:17measures have had on the labor market.
- 6:20So we've got all these things coming together, right?
- 6:23And I want you to think about what's the, what is the evidence
- 6:27that we see out there in the market, right?
- 6:29We're hearing from the major airlines, they're like pulling
- 6:33their forecast because people are canceling vacation plans.
- 6:37OK. We're hearing from the mortgage
- 6:39industry that that mortgage applications were down, what,
- 6:43last month 13% think of. Why is that a big deal?
- 6:47I'll give you the reason why, right?
- 6:49Because this is the spring home buying season.
- 6:52I was talking to a neighbor of mine last night.
- 6:54I'm sitting out on the front porch trying to read a few pages
- 6:57of a book. And my neighbor walked by who's
- 7:00a big realtor here in Saint Louis.
- 7:02And I'll call him Mr. T. And I said, hey, Mr. T.
- 7:04And we chatted for a minute and said, well, how, how are you
- 7:06doing? And how He said the real estate
- 7:08market, even in Saint Louis, which is a laggard, is slowing
- 7:12down. So we are getting economic
- 7:14uncertainty, right. I mean, they talk about how this
- 7:17will impact the precious metals markets.
- 7:19Well, economic uncertainty is here right now.
- 7:23Has it peaked? You know, we're going to we're
- 7:25going to find out. Let's go back to our article.
- 7:36OK, However, now we're going to talk about silver guys, the
- 7:40smartest analyst in the room, a guy who I've actually had as a
- 7:43guest here in the basement, super highly respected, very,
- 7:48very smart. Phil Streibel, chief market
- 7:50strategist at Blue Line Futures, has something great to tell us
- 7:54about silver. He said it may be time for
- 7:56investors to look further down the value chain in the precious
- 8:00metals market. He said he expects silver to
- 8:04start outperforming gold if financial markets have reached
- 8:09peak uncertainty. Quote If industrial demand is
- 8:13able to find its feet, then we should see renewed demand for
- 8:17silver. We already see some investors
- 8:20rotating out of gold and into silver this week and we'll come
- 8:26back to that, the gold to silver ratio guys.
- 8:29But what we're seeing, right, what we're seeing right now if
- 8:32you're a silver investor, if you're into silver, is that we
- 8:36are in the early stages of silver, just starting to move.
- 8:41I agree with Phil. I agree with the fact that the
- 8:45underlying industrial demand for silver alone is a very bullish
- 8:50factor. But silver is also a monetary
- 8:53metal, like we know so well. And what we're starting to see,
- 8:58and what I'm starting to hear and what I'm being told is that
- 9:01there are people who are starting to convert some gold
- 9:05into silver for all the aforementioned reasons.
- 9:09I mean we know the current silver price at what $33 per oz
- 9:15is significantly lower than just the nominal all time high that
- 9:20we hit back in 2011, 2011 we hit $50 per oz in silver measured in
- 9:27today dot today's dollars that's probably more like 75 or $80.00
- 9:32per oz. So the opportunity for silver,
- 9:37which always, by the way, always lags the move in gold.
- 9:41Gold's had its big massive move. Where's the gold price going to
- 9:44go? We don't know for sure, right?
- 9:47I think that that realistically thinking that the gold price
- 9:51could dip below 3000 just doesn't seem like a real
- 9:55realistic situation that we could see occurring.
- 10:01It just doesn't feel like that could happen.
- 10:04But the silver price has yet to fully react right to the gold
- 10:09price. And on top of that, we know,
- 10:13right, that if the that if a little bit of the investing
- 10:16community comes back to silver, that could be a big way.
- 10:19In the United States in particular, hardly anyone's
- 10:23buying physical silver, which I believe is a big, big, massive,
- 10:27massive mistake. There's no other way to say it.
- 10:31And if silver catches on, right, if that pendulum in its
- 10:35beginning starts to swing back the other way and the individual
- 10:39investors in the United States start to buy silver, there's not
- 10:42going to be enough silver to go around, right?
- 10:46On top of that, if the Fed, if the Fed starts to cut rates,
- 10:50right? Let's go take a look.
- 10:51I promised you we'd take a look at the CME number.
- 10:56Let me go out here and I'm going to show you guys how to go check
- 11:00this out for yourself. We're going to share this, OK,
- 11:04Now all you have to do is go into Google and type in CME
- 11:12Fedwatch tool. There it is right there.
- 11:16And this will tell you how many days we have until the next Fed
- 11:21meeting, which is now only 10 days away.
- 11:24But the important thing that we want to look at our expectations
- 11:28right? Right now, if you look here,
- 11:31I'll give you the two key numbers to look at, OK?
- 11:34This is the current rate that the Fed Jerome Powell has,
- 11:38right? 4.25 to 4.5.
- 11:41Here it is right here, same thing.
- 11:43So this is telling us that there's almost a 90% chance that
- 11:47rates are going to remain the same.
- 11:50OK? But however, let's just go out.
- 11:52Let's go ahead a full year from now, just for kicks and grinds.
- 11:56We'll go all the way out. I clicked up there on April of
- 12:002026. OK, again, here's the current
- 12:07rate, 4.25. That's where the rates are.
- 12:11If we look down here, there's almost a 0% chance that rates
- 12:17are going to be the same a year from now.
- 12:20There is a let's just draw a line here that's 3.25 to 5.5.
- 12:26There is a 27, let's say 60-70, gosh, 80% chance, OK, that rates
- 12:36are going to be a full percentage point lower or
- 12:41possibly even more, right? Look, there's a 30% chance we
- 12:45can see that rates are going to be in the three-point O to 3.25
- 12:49range. So as as this occurs that will
- 12:52provide additional support behind, behind the gold and
- 12:57silver price. Let's go out to the US debt
- 13:00clock, right that, of course, right, that right there, the 37
- 13:06trillion in national debt will provide support for the precious
- 13:10metals prices and silver. But let's go over just a quick
- 13:14reminder, something we love to look at, which is the dollar to
- 13:17silver ratio, which for some reason it won't let me draw over
- 13:22here anymore, but you can see my yellow finger, See my yellow
- 13:25pointer, my yellow finger. The dollar to silver ratio right
- 13:29now is at 1000 and 44, all right.
- 13:34So look, it's inevitable as we, as we go into this coming next
- 13:4310 years where we are absolutely in a stagflationary environment.
- 13:49the United States unfortunately, and I love this country, right?
- 13:53But I'm just telling you, the reality of the situation has dug
- 13:57itself in such a horrible fiscal hole, right?
- 14:02The fiscal policy, that's what the government does, All the
- 14:04debt we've racked up, it's forcing the Fed to put us in a
- 14:09situation where we are having stagflation in this country.
- 14:13We are going to have a stagnant economy.
- 14:15We are going to have simultaneously inflation, and
- 14:19there's really not much the Fed can do.
- 14:21It's called the hens coming home to roost.
- 14:23It's also called the most fertile soil that you could ever
- 14:27ask for, for precious metals prices, for the gold price and
- 14:32the silver price. Now I feel like silver is
- 14:35positioned particularly well to benefit from this as we move
- 14:40into this next 10 year period. As we move into the next 10
- 14:44month period on either time frame, silver is just positioned
- 14:49to do very, very well. Let's go look at the and do a
- 14:52quick calculation of the silver to gold ratio.
- 14:58And if we go out to CNBC and let's refresh this and look at
- 15:07the gold and silver prices. OK, there we go.
- 15:12Gold right now, 3300 per oz, Silver, $33 per oz.
- 15:17Look, you don't need a fancy calculator to figure out that
- 15:19makes the gold to silver ratio currently be sitting at 100 to
- 15:25one. If we have all these factors,
- 15:28people, people shifting financial assets into silver,
- 15:33right on top of that industrial demand increasing for silver and
- 15:38the fact that gold isn't going anywhere and we have a gold to
- 15:42silver ratio, 100 to one. Are you kidding me?
- 15:45Are you really going to trade right now 100 ounces of this
- 15:55right beautiful silver, 100 oz for one ounce of gold?
- 16:00Is that contracts? That's like a rubber band that's
- 16:03been stretched out. We are in for some great, great
- 16:06times in the silver market. Hey, guys.
- 16:10Thank you for being here. Thanks for being part of the
- 16:13basement. OK, I appreciate when you come
- 16:15down here. I want you to come back.
- 16:17We love to talk about the precious metals.
- 16:20We love to talk about the economy.
- 16:22OK. So have a great day.
- 16:24Take care of yourself and I'll see you soon.
- 16:26Let's get ready for some much, much higher silver prizes.
- 16:30Take care. Bye.
- 16:31Bye.