Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Gold & Silver Prices Go WILD!đŚ - You Wonât Believe Whatâs NextâĄ(COMEX Update)
Transcript
- 0:01$5000 gold, $50 silver. Will it be happening sooner than
- 0:06later? We're going to talk about all
- 0:08the reasons why in this video and have a lot of examples.
- 0:12This is like the biggest, best live stream that I've ever done,
- 0:15and it's a big honor that you've joined me here in the basement.
- 0:18Please subscribe to the channel that's free.
- 0:21I want you to be part of this community, part of us who are
- 0:24protecting ourselves against the evaluation of the US dollar and
- 0:28doing it with Precious metals. Some people use crypto.
- 0:32Hey, the important thing is that we want to look at what's going
- 0:36on. Look at the big picture.
- 0:37Let's start with this notion of $5000 gold.
- 0:40And one good way to look at this is just to look at the world in
- 0:43general. Let's look at some crazy numbers
- 0:46out there about where gold is in foreign currencies.
- 0:50We're going to start with this one from Marin Catoosa, right?
- 0:53I always had huge respect for him.
- 0:55He's actually got the gold check mark there on X.
- 0:59But in my opinion, one of the longest running and most
- 1:02respected analyst in the commodity sector.
- 1:05And he says gold prices in Japan are going vertical.
- 1:09What does this remind you of? And look at this guys, this is
- 1:13incredible. Look at the gold price in Japan.
- 1:17I mean, heck, if you just go back here and look, oh, when is
- 1:21this about 2020 time frame through today, It has just been
- 1:27literally a vertical straight up shop.
- 1:29But let's look some other countries as well.
- 1:32And next we will go to our friends in Canada.
- 1:38They already have $5000 gold in Canada.
- 1:40Peter Spina points out the gold prices reached a fresh record
- 1:45high in Canada. And this does continue breaking
- 1:48through another major milestone on Monday, trading above 5000
- 1:53Canadian dollars per Troy oz. Remember, we're going to talk
- 1:56about why this is important, but there we are right in Canada.
- 2:00Let's look at a few more countries just for kicks and
- 2:03giggles. This my friends is the gold
- 2:08price in Australian dollars and as you can see there in
- 2:11Australian dollars. Let's go down here so we can see
- 2:14the time. Here we go again.
- 2:18OK, back in that 2020 time frame we were at $2000 per oz and now
- 2:25if I move that thing out of the way we can see that we are well
- 2:28above 5005 thousand $500.00 for our friends down under in
- 2:34Canada. I think they like to call us
- 2:36mate. Well good day mate.
- 2:37Good job with that. Let's go one more and we will
- 2:41check out in Brazil, Brazilian reals I believe it's called.
- 2:46And as we can see there as well, the gold price.
- 2:49Wow, really up. Hold on a second here.
- 2:53Let's look at this from that like 2022, OK?
- 2:58They were about at 8000 real and now they're pushing up against
- 3:0320,000. That's 150% price increase.
- 3:08But why is that important? Because as the US dollar
- 3:13continues to lose its strength against these other currencies,
- 3:17that will push the US dollar gold price closer and closer to
- 3:21$5000. And heck, with the way that the
- 3:24gold to silver ratio has been lately hovering between 85 and I
- 3:29don't know if it hit 100, but it wouldn't surprise me.
- 3:31It's real simple math to realize that if we hit $5000 gold, even
- 3:36if we have a, a AA100 to 1 gold to silver ratio, we're going to
- 3:42have $50 silver. Hey, if the gold to silver ratio
- 3:45gets back to its, you know, normal range, let's say, let's
- 3:49just say 50 for example purposes, that would give us
- 3:52$100 silver. That would mean that that guy
- 3:56right there, the silver bear who's got an $85 blindfold on
- 4:00would be unblindfolded. But is there proof reason?
- 4:04Let's look at what Jesse Colombo brought up about what's going on
- 4:07with the US dollar. And to me, this makes a lot of
- 4:10sense that we could see a rather precipitous this decline.
- 4:15Oh, I forgot to show you. Sorry guys.
- 4:17Darn it. There we go.
- 4:19There is the 10 year gold price in Brazilian reals.
- 4:23Sorry about that. All right, let's go to Jesse.
- 4:25Though I guess the key here is the dollar breaking down.
- 4:28And what he says is the dollar is on the brink of a major move.
- 4:33This is Jesse Colombo from the bubble bubble bubble report sub
- 4:37stack. He has over 10,000 subscribers.
- 4:41You know, I've got a lot of respect for this guy.
- 4:43He puts out some great information.
- 4:46But he says here the US dollars experiencing a rare volatility
- 4:50squeeze, indicating that a major move is near, while the most
- 4:55likely direction is downward. Any move will have a big impact
- 5:01on precious metals. And let me show you the chart
- 5:03that he brings up and what he is talking about.
- 5:07This is a chart of the US dollar index.
- 5:09And as you can see on this chart, right, we've kind of been
- 5:12in this period of range bound kind of below 100, kind of
- 5:18around that 9798 range. But if you look at what he shows
- 5:22down here, which is with the Bollinger Bands, that shows a
- 5:26big, big volatility squeeze. He also brings up and it's
- 5:30important to remember that currencies typically aren't that
- 5:35volatile. However, most likely right?
- 5:38And, and, and, and this is based on what's been going on with the
- 5:41US dollar lately. The trend has been down, down,
- 5:43down that most likely or very likely the trend will continue
- 5:48to go down. And that's in the DXY index,
- 5:51which we're going to take a look at right now because guys, this
- 5:55you know, we've looked at this chart many, many times, but
- 6:00today what we're seeing in the DXY index is that we are sitting
- 6:04still below. Hold on, let's get that up.
- 6:07Where is it? There it is still below 100.
- 6:11Get rid of that. Can I get rid of that?
- 6:13Goodbye. OK, there we go.
- 6:15This is a little better for your viewing pleasure, but wrong one.
- 6:20Hold on here. We're going to get out to an all
- 6:23time chart. OK, what Jesse's talking about
- 6:28and and what we are, what I'm anticipating, this is just my
- 6:31opinion is that when we look at this long term chart and there's
- 6:36I'm going to draw a red line at 100 all the way back to probably
- 6:391985. You can see that it's very, very
- 6:44plausible that the dollar index could get down into this level,
- 6:48which is 75. That will be rocket fuel for the
- 6:52price of the metal. So is that volatility squeeze
- 6:55rectifies itself? We're going to be keeping a
- 6:57close eye on that. Let's talk about the COMEX and
- 7:00the LBMA. Look, there are people, the
- 7:02COMEX, right? The electronic gold and silver,
- 7:06quote, UN quote, exchange here in the United States, the LBMA,
- 7:10the London Billion Market Association, those fine chaps
- 7:13over in London, England, who've been, let's say, influencing the
- 7:17price of metals for decades and decades and decades.
- 7:21There are people who have spent their entire career pointing out
- 7:25that how corrupt they are. There's been lawsuits.
- 7:29There are people that have been put in jail for manipulating the
- 7:31prices on these exchanges. I dig into it deeply.
- 7:35I'm not. I'll give you the the Cliff
- 7:37Notes version of what's going on at the COMEX in the in the LBMA.
- 7:41There are some major imbalances, some major red flags, if you
- 7:46will, about what it, what it, what it, what are, what are,
- 7:49what is, what are, what are going on Those exchanges silver
- 7:55lease rates are out of whack. That's like the amount of money
- 7:58that people have to pay in the interest they have to pay the
- 8:01lease silver. On top of that, the EFP.
- 8:05Do you know what the EFP is? That's the exchange for
- 8:09physical. That's the difference between
- 8:11the futures price in the United States on the COMEX and the
- 8:15physical price at the LBMA. That's out of whack as well.
- 8:19Some people and even Kitco had a headline article are saying that
- 8:23this is is as let's say precarious of a situation as the
- 8:28COMEX in the LBMA have found themselves in in a very long
- 8:32time. And then possibly that these
- 8:34imbalances could lead to a silver squeeze.
- 8:38But the important thing for us to remember is that where we are
- 8:42in the silver price right now at $40, this has not been a short
- 8:46term blast off spike in the price.
- 8:49This has been a rather gradual build build.
- 8:53Go up, go down a little bit, go up a little more, go down a
- 8:56little bit, go up a little more, go down.
- 8:57Not like 1980, not like 2011. No, no, no.
- 9:02This time's different. This time it's been built on
- 9:06solid consolidation and solid upward moves.
- 9:09I don't hear any other analysts really harping on that.
- 9:12But I think that's one of the most powerful things because the
- 9:15because a, a price that's built on kind of a long term, more
- 9:20gradual solid base can provide a base for even further long term.
- 9:25So I, you know, I don't, I don't, we don't guess what?
- 9:28OK, you may hate me. You may turn off the live stream
- 9:31right now. I hope you don't.
- 9:33I'm glad you're here, but I kind of hope we don't have a silver
- 9:38squeeze. I kind of hope that we just can.
- 9:40I'm happy. Are you happy?
- 9:42Right, If if the silver price goes up $10.00 an ounce from
- 9:47where it is right now in the next 6 months and maybe another
- 9:50$10.00 an ounce in the following 12 months and then maybe another
- 9:55$10.00 an ounce from there. Usually the reason I say that is
- 10:00because anything that spikes like you get during a squeeze
- 10:03almost always, pretty much always comes back down.
- 10:07It's like a law of nature. You know, if you throw something
- 10:10up, a bottle rocket goes up, it comes right back down.
- 10:13Nonetheless, these imbalances can also help contribute to
- 10:17continued long term growth within both are on both the
- 10:21COMEX and the and the LBMA. They did.
- 10:25We did Jesse already. OK, now let's talk about Goldman
- 10:29Sachs talking about precious metals that Goldman Sachs,
- 10:34there's a big article out that you got to be like a wealthy
- 10:36subscriber to get to read. But we can get the headlines and
- 10:40it's interesting to think about where this headline is coming
- 10:44from. And here we go.
- 10:48OK, one of Goldman's big trade recommendations for the rest of
- 10:53the year is gold miners. And not only is that Goldman
- 10:58Sachs that's saying that, but think about it, guys.
- 11:03We're going to circle this one in yellow.
- 11:05This is coming to us now. We're circle in red from CNBC.
- 11:13CNBC, the mainstream media, but Goldman Sachs is talking about
- 11:19and we've all, well, OK, two big three, big three big critical
- 11:25things about this. Goldman Sachs is telling people
- 11:28gold miners are the place to be. It's one of their top three
- 11:31ideas. I think it says for the rest of
- 11:33the year, OK, that will bring more attention into the overall
- 11:37precious metals ecosystem. Physical gold, physical silver
- 11:41miners, royalty companies, you name it, developers, explorers.
- 11:46But it will bring more attention when Goldman Sachs, we may not
- 11:50like him, but I want you to think about something.
- 11:52The 1st 4 letters of Goldman Sachs name is gold, our gold.
- 11:56Anyway, boy, my, my, my, my English skills are really
- 12:01falling apart today on this live stream.
- 12:03Thanks for suffering through this with me.
- 12:05Don't forget to subscribe. But that's a good thing for the
- 12:08overall metals ecosystem. We also know that Goldman Sachs
- 12:13last week put out a piece of research saying that they could
- 12:16see the potential for gold reaching in U.S. dollar terms.
- 12:20Oh, wait a minute. What was that we talked about
- 12:24earlier, $5000 per oz? And again, what's good for gold
- 12:28is good for silver. But the real important take away
- 12:31we went from this also is that that's CNBC that's putting out
- 12:36that article, a positive article, a positive headline
- 12:41about gold and silver. Can you, Can you believe it?
- 12:44Is this really happening, huh? Are we here?
- 12:48Is today really right, the 10th of September 2025?
- 12:52Are we really in a bold market for precious metals, gold,
- 12:58silver and precious metal mining stocks?
- 13:00Is CNBC running headline articles about gold and about
- 13:06Goldman Sachs? Guys, this is big.
- 13:08This is happening and we are on the brink of the perfect storm.
- 13:13Look, I don't get financial advice.
- 13:15I'm not a financial advisor, but I believe the gold mining stocks
- 13:19and the silver mining stocks are on the verge.
- 13:22OK, I do want to mention and say thank you to channel sponsor.
- 13:25Wrong finger. There it is, First Mining Gold.
- 13:30OK, that's a stock I own long before they sponsored my
- 13:33channel. Again, I'm not giving financial
- 13:35advice. Do your own research.
- 13:37I love First Mining Gold because they have massive amounts of
- 13:41gold in the ground in Canada. They actually have a lot of
- 13:44silver too, but that's a different story.
- 13:47They're primarily a gold development stage company.
- 13:50The gold's been drilled, it's been determined, it's in the
- 13:52ground. Two massive multi million ounce
- 13:55projects, Spring Pole in Ontario and DUP parquet in Quebec.
- 14:00This is big gold in the ground in Canada and the big active
- 14:05mining companies, guess what, here's a little secret, over the
- 14:09last 20 years, 15 years have not been investing in their
- 14:14pipeline, if not been developing and exploring for gold.
- 14:17And every time a big gold mining company mines an ounce of gold
- 14:21right, it's gone. They they have to replace that
- 14:24with other resources in the ground.
- 14:26I believe companies like First Mining Gold could become very
- 14:29attractive to these big mining companies.
- 14:31You can learn more about them at firstmininggold.com.
- 14:35You can even reach out to their Director of Investor Relations,
- 14:38the one and only, Mr. paul.morrispaul@firstmininggold.com.
- 14:43And I guarantee you, thank you, Susie.
- 14:50I guarantee you he will get back to you.
- 14:52Let's get to 100 likes. We got 350 people on a snap.
- 14:55The the gold and silver community.
- 14:57You are part of something special that is happening right
- 15:01now. Not just the world's biggest,
- 15:03best live stream about gold and silver.
- 15:04No, just the overall gold and silver market, The fact that you
- 15:08are here tells me you are ahead of the curve.
- 15:11Yes, you have a little bit higher level of intellectual
- 15:15horsepower than the average bear, right?
- 15:17You know what's happening out there.
- 15:19Trust me, we're going to be doing live streams where we have
- 15:223004 thousand people on and that's when we might start
- 15:26thinking about booking a little bit of our profits.
- 15:29But guys, this is a big deal. What is happening right now?
- 15:32And let's talk about, let's talk about what can happen within
- 15:36these. Yeah, here we go.
- 15:40Boom. This is a crazy, a crazy chart,
- 15:43OK? This is the entire 1970 to 1980
- 15:48bull market for gold miners. Again, when the gold miners
- 15:52catch fire, the silver miners catch fire.
- 15:54The overall silver and gold ecosystem does well, OK, The
- 15:58blue line at the bottom is the S&P 500.
- 16:02And again, this starts back here around 1970 and ends in 1980.
- 16:08You can see that blue line is basically flat.
- 16:11The overall stock market didn't hold on a second.
- 16:16Oh, man, I oh, I lost. Hold on, guys.
- 16:19Are you still there? Sorry about that.
- 16:22Looks like we lost our connection.
- 16:23Hold on here. Let me let me get this back up.
- 16:27And I know. Thank you, Susie.
- 16:31And huh, what is happening here? Here we go let me get back here
- 16:39all right guys let me get this chart up because this is
- 16:42definitely here we are and make sure we got you up OK.
- 16:51I don't know what happened there had some technical difficulties.
- 16:53I apologize. Anyway, this goes I already
- 16:56started drawing on there from the night 1970 all the way
- 16:59through 1980 and the blue section represents the S&P 500
- 17:07again, 1970 through 1980. The blue line is the general
- 17:12stock market, just basically flat.
- 17:14But look at that yellow line. It started here at 100 and went
- 17:19all the way up here at one point above 1000, OK, That is are the
- 17:23gold miners, It says right here from December 69 through October
- 17:28of 1980, the Barons Gold Mining Index was up 1247%.
- 17:35That's 12 * 12 X not 12%, not 120%, right?
- 17:42But no, 12 times. That meant for every dollar that
- 17:47was invested in gold mining stocks back then, on average
- 17:51$12.00 was returned during that period.
- 17:54And that came from a Crescott Capital and our and a guy,
- 17:58another guy, another big analyst that that I love to follow.
- 18:02Tavi Costa. OK, it gets more interesting
- 18:06from here within the gold and silver sector when we get this
- 18:09massive news that came out Tether.
- 18:13OK, Do you know who Tether is? Tether is the world's biggest
- 18:16stable coin issuer. OK, the world's biggest You know
- 18:20what a stable coin is? A stable coin is a
- 18:23cryptocurrency, But each token represents something real.
- 18:28Something something that can be counted like the USDC or in
- 18:34tethers case, the USDT stable coin, the US dollar Tether
- 18:39stable coin. Each one of those coins
- 18:43represents $1.00. They also have what's called
- 18:46XAUT, where each one of the coins represents an ounce of
- 18:49gold. And Tether has made an
- 18:52announcement that it's expanding its investments into the gold
- 18:57and gold mining sector, very interesting, even even into the
- 19:02royalty sector as well. So we've got big and they are a
- 19:05big, big company, whether you like or hate crypto, that's not
- 19:08up what anything we're going to debate here.
- 19:10But what we know is that they are looking to invest a ton of
- 19:13money. And then we got news out of El
- 19:15Salvador. Also, stable coin issuer Tether
- 19:19held talks on investing in gold miners and royalty firms after
- 19:23already acquiring 8. They own $8.7 billion worth of
- 19:29gold. OK El Salvador bought nearly
- 19:3214,000 ounces of gold for $50 million, its first central bank
- 19:37purchase since 1990. The interesting thing that the
- 19:40CEO of Tether, Apollo Ordonio, previously described gold as
- 19:45natural Bitcoin and suggested in a separate interview that if a
- 19:50global reset were to occur, it would happen in gold.
- 19:54OK, So remember this guys, this company, it's a crypto company,
- 19:58Tether, but they already own billions of dollars worth of
- 20:02physical gold because each of those stable gold, stable coin,
- 20:07gold stable coin tokens. That they issue is absolutely
- 20:12backed by 1 ounce of real gold. It's held in a Swiss vault right
- 20:16in these real world assets, stable coins that are based that
- 20:21that are that are backed by real assets are gaining more and more
- 20:25traction. OK, again, not here to debate
- 20:28crypto. I like crypto.
- 20:30I like, love gold and silver. Everybody's different that's
- 20:34great, but that's a fact that the world's biggest stable coin
- 20:37issuer is moving into gold and that's an exciting thing.
- 20:41We had the worst job numbers in the history of the world.
- 20:44Do I need to show you that you don't need to. 911,000 jobs,
- 20:49almost a million jobs were restated from the March 2023 to
- 20:54March 2024 time frame. It's incredible.
- 20:58We are headed. I don't want to be the town
- 20:59crier for trouble, and I want to point this out because this is
- 21:02very interesting. A lot of people are worried
- 21:05about what's going to happen to the gold price, the silver
- 21:07price, the mining stock price, if the stock market has a major,
- 21:11major correction. Again, I'm not a financial
- 21:13advisor, but I'm going to share with you some interesting
- 21:16points, right? Some reasons why I think we
- 21:19don't have to be so worried right now about what happens
- 21:23with the metals, if indeed we do go into a, into a, into a
- 21:27challenging economic period. Before I do that, I do want to
- 21:31say thank you to channel sponsor First Mint.
- 21:33If you want to get your hands on some silver.
- 21:35Do you think it's a smart thing to do?
- 21:37I think it's smart for you to check out First Mint.
- 21:40That is their Las Vegas round. It is absolutely beautiful.
- 21:44They've got rounds that are unique to them.
- 21:47They also have bars. There's a 5 oz silver bar
- 21:50upstairs. Susie, that's one of her
- 21:52favorites. The First Mint is unique.
- 21:55They are owned by First Majestic Silver.
- 21:57That's Keith Newmeyer's, you know, massive silver mining
- 22:00company. So First Majestic Silver mines
- 22:03the silver in Mexico, ships it to the United States, Las Vegas,
- 22:08NV, where First Mint has their facilities in the United States.
- 22:12It is minted into world class silver bullion products and then
- 22:16it goes straight to you. OK, so it's from the mine to the
- 22:19mint to you. And their products are
- 22:21absolutely beautiful. They have great prices, great
- 22:25selection, free shipping on orders over $199 and there's a
- 22:29discount code VIPRB. Don't forget to use that.
- 22:34First mint.com. I'll show you their website here
- 22:36real quickly so you know where to go.
- 22:40And here we go. There's that Las Vegas round at
- 22:44the first Mint, first Mint website, firstmint.com.
- 22:48You're the snake. All these products are unique to
- 22:51them. Make sure you check them out.
- 22:52But the question I have for you is, are you worried, right?
- 22:56I'm getting all these emails, all these questions from
- 22:58viewers. What's going to happen if if, if
- 23:01the if the stock market goes down, what's going to happen?
- 23:04Guys, think about this. Think about this.
- 23:07I think about I got notes. I got to read from the notes.
- 23:09There's so much, OK, we're, we're in a tech bubble.
- 23:13Let's just look at the tech field right now.
- 23:15By any measure, we are in a bubble in the tech stocks.
- 23:18Think about if the tech stocks, for instance, start to go down,
- 23:21where are people going to go with all that money?
- 23:24Are they going to buy real estate, right?
- 23:26You know, wherever you live, right?
- 23:28Residential real estate is through the roof, overpriced.
- 23:31Are they going to go into commercial real estate?
- 23:34That sector is hurting like nothing before.
- 23:36Are they going to go into bonds? Who in their right mind is going
- 23:39to is going to is going to loan money out?
- 23:41Who's going to buy bonds? Enough.
- 23:43OK, we're going to get in a situation where likely the most
- 23:46attractive game in town will be precious metals.
- 23:50OK, That's happened in the past. That happened during that 1970
- 23:55to 1980 period that I showed you earlier.
- 23:58It also happened, think about this, from 2001 to 2011, after
- 24:05the official tech bubble burst, the, you know, the 2000s tech
- 24:09bubble with pets.com and all that, kind of like the AI stuff
- 24:12that we have going on right now of people during that period
- 24:16went to gold and silver. From 2001 to 2011, the silver
- 24:20price, for instance, went from under $5 per oz to over $50 per
- 24:25oz. So, you know, we're in this
- 24:28situation right now where things are starting to look very dicey.
- 24:31Unemployment is, is going to go shooting up, OK.
- 24:35The reality is the job market's in big trouble.
- 24:38We also got some data. They came out earlier in the
- 24:42week. I don't know if you saw this,
- 24:43but there's a record number of houses for sale right now in the
- 24:48Southern United States. So be ready, but don't be too
- 24:52scared if the reality is that that that when this next crisis
- 24:57hits US, OK, gold and silver are going to look like a very
- 25:01attractive place for people to protect their wealth and people
- 25:06will get scared, OK? And when you look at the market
- 25:09caps, I mean, of Apple or Amazon or or NVIDIA or any of these,
- 25:15even just a small portion of that market cap coming into the
- 25:20gold and silver sector, we'll have unbelievable impact, right?
- 25:27Because it is so still so small, in particular with the mining
- 25:31sector. So keep it up, guys.
- 25:33OK, Thank you for joining me down here in the basement.
- 25:35Don't, please don't forget ring the gong.
- 25:38Oh, I got to ring the gong. Don't forget to subscribe.
- 25:41Let's ring the Golden Dawn. It's a tradition.
- 25:45I really appreciate you being here.
- 25:47I really appreciate you being part of this journey.
- 25:49It's a tradition that when we get to 100 thumbs up, we ring
- 25:53the gong 3 times. Here we go.
- 25:55Listen to it resonate. All right.
- 26:02Silver and gold investors, we are in a good period of time
- 26:05we've suffered through over the years.
- 26:08Think about this, were you here with me two years ago when we
- 26:12were talking about $20 silver? Were we here two years ago?
- 26:16I remember, do you remember two years ago remember talking about
- 26:21when silver would would go into the 20s and we would say we're
- 26:25never going to see a silver price again.
- 26:28That starts with the number one meaning something in the teens
- 26:31and still until that's overpriced starting with a 1 is
- 26:36in the hundreds. OK, now look where we are.
- 26:38We are above. Let's go take a look.
- 26:40Let's go take a look at where we are.
- 26:42There's first met with the metals prices right now, make
- 26:48sure I got the screen shared, which I do OK.
- 26:52We are in the futures market Silver $41.66 Gold 3686.
- 26:59Let me pull up silver for you again because I I didn't give
- 27:03this to you visually. This is very, there's a real
- 27:06important reason why we want to look at this chart on a longer
- 27:09term basis, OK, that's a one year, that's a one year chart of
- 27:14silver. We can look at it here.
- 27:16This this is fine. OK guys, look one year ago right
- 27:19now we were at this point which is $30 silver.
- 27:25Today in the futures market we are over $41.00.
- 27:29Do you see this? OK.
- 27:32That's what you see on that chart.
- 27:35Let me tell you what you don't see on this chart, which is even
- 27:39more important. What you don't see is this, the
- 27:44price shooting up and then coming back down, OK?
- 27:48The most, I think exaggerated moves that we see on this chart
- 27:53probably in this section right here back in April when the
- 27:56price dropped from $35 back to 30, but then immediately started
- 28:02what again is a rather gradual increase.
- 28:04This is not like, oh, we shot up, you know, we were down here.
- 28:08It's it, it's, let me erase everything.
- 28:11It's not like, you know, a month ago we were at $30 and today
- 28:16we're at 40, which would be much more likely to result in a drop
- 28:20right back down. No, it has been a slow, gradual,
- 28:24steady increase. And you know, look, this mining
- 28:29stocks are just the same. We've seen big increases, but
- 28:33nothing absolutely crazy, let me tell you.
- 28:35Let me let you in on a little secret about the gold and silver
- 28:39mining stocks. Their price to earnings ratios
- 28:42even right now based on the last quarterly data are well below
- 28:47the overall average for the major indexes, things like the
- 28:50S&P 500, the NASDAQ, that type of thing.
- 28:54But the kicker with the gold silver mining stocks is that not
- 28:58only is their price to earnings ratio lower, but since their
- 29:01earnings are coming up more and more, it makes that disparity,
- 29:06that gap between where they are and where the markets are even
- 29:10more exaggerated. Man, it's going to be fun.
- 29:13I really appreciate you being here again.
- 29:14Please don't forget, subscribe to the channel.
- 29:17But no matter what, OK, Have a great day, be good to yourself,
- 29:20and I'll look forward to seeing you.
- 29:23Yes, you next time. Thank you.