Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🌟SILVER Price and GOLD🌟 THIS Changes EVERYTHING -- (Mining Stocks too)
Transcript
- 0:00Hello, silver and gold market mayhem Is the best yet to come,
- 0:06or are we in for a rug pull? We're going to talk about many,
- 0:10many interesting, crazy. Are you feeling a little
- 0:13traumatized after last week with the mayhem that's unfolding in
- 0:18the precious metals markets? We're going to talk about these
- 0:22records and it's not just silver and gold.
- 0:25And all of this fits together for what could be a new horizon
- 0:29for you and me as precious metals investors.
- 0:33Are you ready for that? Can you accept that?
- 0:35Because we are heading into some crazy, crazy, interesting times.
- 0:40Be ready for Sunday night China. This could be a crazy opening in
- 0:46the Chinese markets for the metals.
- 0:48We're going to talk about that is the best yet to come.
- 0:51We've got articles now starting to pop up from Bloomberg.
- 0:55We're going to talk about that Reuters and a lot more, $50
- 0:59silver. Yes, another analyst is calling
- 1:01for $50 silver. How do you feel about that?
- 1:04That makes me feel pretty good. What are we at now, $3132.00
- 1:09manipulation. A crazy chart from our friend
- 1:12James Anderson that shows just how incredible the manipulation
- 1:17is still in the silver market. And what about Elon Musk?
- 1:21We're going to talk about him, but let's get started.
- 1:23I've got 2 pages of notes. Thank you.
- 1:26Yeah, I'm talking to you. Wherever you're joining us from,
- 1:29we've got almost 200 people early on a Saturday morning.
- 1:32It's a big deal. You're here.
- 1:34Do you love to talk about silver, gold and precious
- 1:37metals? Here we go.
- 1:38Wow, super chat. Let's see what our friend I
- 1:41believe from India Day 2. Thank you, Trey.
- 1:44This is this is breaking news guys from India.
- 1:48Day 2 of no silver coins in shops near me in India.
- 1:54I started stacking in April of 2024 after randomly coming to
- 1:58your channel. Am I too late now?
- 2:02I don't know enough about what's going on in the Indian market.
- 2:06I would shop around, maybe you can find some private
- 2:09individuals to sell you silver, but make sure you get the Real
- 2:13McCoy. But guys, here we go, right One
- 2:16of our, one of our fellow basement dwellers, Thank you for
- 2:19the Super chat. And thank you for letting us
- 2:22know what's going on in India 'cause it's not just India is
- 2:26Will that be? Excuse me, will that be the
- 2:30United States next? You can probably run out to your
- 2:34local coin shop today and buy silver and gold.
- 2:37Look, I'm not trying to create a fury or a whatever you want to
- 2:41call it, you know, a Stampede or anything like that.
- 2:44But could we, a week from now, could we, a month from now, be
- 2:49talking about the fact that there's no silver, maybe even
- 2:53gold available, maybe platinum, at the local coin shops?
- 2:57But let's What? Well, here, let's go.
- 2:59Since we were on India, let's go check this out, guys.
- 3:02This is crazy. Our favorite.
- 3:05Our absolute favorite. What does this tell us about
- 3:08what's going on in China? The Oriental Ghost puts this up
- 3:11this morning the largest. EE.
- 3:14Commerceplatforminchinajd.com that's like our Amazon here has
- 3:20the highest online sales volume of silver bars on May 18th.
- 3:25The price is 8950 RMB which is equivalent to $38.50 per oz
- 3:34silver is selling. And again, that's what that's
- 3:38like the equivalent of what we pay when we go to an online
- 3:41bullion retailer here in the United States over there
- 3:45selling. Bars for $38 per oz.
- 3:48But wait, it gets even more interesting because.
- 3:53I didn't realize they trade in the evening, but this was from
- 3:58May 17th yesterday in the evening trade on the 17th
- 4:03yesterday on the Shanghai Gold Exchange in the Shanghai Futures
- 4:06Exchange surged significantly, breaking through whatever that
- 4:11is. Silver on the SFE once again hit
- 4:14a new high price. Since its opening, all of the
- 4:19shorts are in a state of losses. This is a historic day.
- 4:25OK, a historic day. And I can't convert that to oh,
- 4:29here we go. Here, he's got it right here.
- 4:31Silver during the evening trade closed at $34.73.
- 4:39Silver, $34. On the Shanghai Gold Exchange,
- 4:45$34 what's gonna happen Sunday night?
- 4:50Is it? Do you feel it, guys?
- 4:52I mean, look, we've had the rug pulled many, many times, but is
- 4:55it different right now? Everybody Coin shop.
- 4:58Chris, my friend Maury, right? One of the smartest silver and
- 5:02gold investors I know is like it's happening every I'm hearing
- 5:06all the Now look. We could have our hearts broken
- 5:08again and we'll be OK if that happens.
- 5:12But when we put it all together, do you really think that's going
- 5:16to happen again? Here we've got silver, real
- 5:19price in China, $34 and 5064 cents.
- 5:26What is different this time? Right?
- 5:28Well, here gold right yesterday up almost $40.00 an all time
- 5:33high. Hold on here territory.
- 5:36There we are. We're back.
- 5:38Silver was up almost $2.00 per oz yesterday, up almost 7%.
- 5:43It's breaking out. That's what's different.
- 5:47But do you feel it breaking out right, even if you're not a big
- 5:51chart analyst? But I'm I'll.
- 5:52Tell you this, I got a little good news for you.
- 5:55All the guys that spend all their time with rulers and fancy
- 5:59charts and all that, they're all saying the same thing.
- 6:02Silver is breaking out. But what?
- 6:05About the fact that copper. Is also at an all time high.
- 6:09Remember gold is the godfather of the precious metals.
- 6:14Silver is kind of like the half brother, OK?
- 6:16Half precious metal, half industrial metal.
- 6:20Copper is the more industrial metal.
- 6:22So you've got gold. The big thing about this gold,
- 6:26right the the the half brother on one side of silver and copper
- 6:30the half brother on the other side.
- 6:32Both going to all time highs, what what does that tell us?
- 6:36And Silver's in the middle, right.
- 6:38And you know actually the craziest part about this that we
- 6:42know we've talked about this ad nauseam.
- 6:44We we could we could go on for till till noon talking about the
- 6:49fundamental things that are supporting the silver price.
- 6:52Let's just say supply going down and demand going up, but
- 6:58Silver's sitting there in the middle.
- 7:00Can you visualize that Silver's sitting there around still half
- 7:05of its all time high and when you factor in there its all time
- 7:08high with the inflation right? When you factor in what it what
- 7:12$50.00 in 1980 was, that's the equivalent of like what, 150
- 7:17plus today? Silver sitting.
- 7:19Right there in the middle, Big Brother gold half brother, Big
- 7:23Brother Gold all time high. Other half brother On the
- 7:26industrial side, Copper all time high.
- 7:29Hello. Does it makes does that make
- 7:32sense to you? It makes sense to me.
- 7:34That doesn't mean that it's right.
- 7:35Right, 'cause remember, don't make any financial decisions
- 7:38based on anything I'm saying, but I have a history of more
- 7:42than half the time being right, And to me, it's super exciting.
- 7:47So the Chinese markets will open Sunday night again.
- 7:49It's gonna be crazy. If it's crazy crazy, I'll be
- 7:53back here live doing another live stream for you, OK?
- 7:56Because the center of the metals universe has shifted from
- 8:01London, from New York to Shanghai.
- 8:04What does that mean? That means we need to keep a
- 8:06close eye on the Chinese market. OK?
- 8:09People are buying. This is what's going on.
- 8:12This is what's happening right now with the metals market.
- 8:15This is the little secret that they're not gonna put on the
- 8:18headlines of CNBC or Yahoo Finance or Bloomberg.
- 8:22But because metals cheaper in the West, in London and in in in
- 8:26New York, people are buying it on those exchanges and
- 8:29immediately selling it in China because they can like on silver,
- 8:33they can make a $3 per oz instant profit.
- 8:36We need to get in on that gig, don't we?
- 8:38Basement dwellers? It's probably a little too late,
- 8:42right? They're making it very
- 8:43difficult. But I mean, that's why the metal
- 8:46is moving from the West to the East and whoever holds the gold
- 8:50holds the power. OK, good luck.
- 8:53Good luck. Are you one of those people that
- 8:55was saying OK now, yeah, I have a confession to make and I'll
- 8:59make it forward to you here in one second.
- 9:01But are you one of those people who was saying I'll buy more
- 9:04silver when it goes to $22.00 per oz?
- 9:07I'll buy silver. Silver's going to $17.00 per oz.
- 9:10I'll buy silver when it goes to seven.
- 9:12We've talked about this, right? We've talked about the fact that
- 9:15the silver went to $17.00 an ounce.
- 9:17We're gonna go rent the biggest U-Haul truck on the face of the
- 9:20yard, then load that sucker up, put extra heavy.
- 9:23Duty. Shocks on it, right?
- 9:26There were people that were saying that oh, and silver goes
- 9:28to 22 if gold goes to. Guys, that chip has sailed.
- 9:32Most likely, right? Maybe I'm wrong.
- 9:34Maybe a year from now we're down here saying I can't.
- 9:37Believe silver's. $14.00? I don't think so.
- 9:40Do you think so? Do you envision that one year
- 9:43from now? I don't.
- 9:44So for all those people that were waiting, that could be a.
- 9:49What do you think that could be? For the demand side of silver.
- 9:53All those people, all that cash they had saved up.
- 9:56Now I'm just waiting. I'm gonna pounce.
- 9:58I'm like an alligator waiting patiently.
- 10:01I'm gonna pounce when the silver price goes to $17.00 per oz.
- 10:05Ron, I can't tell you how many emails.
- 10:07Like that I got you're a silver pumper.
- 10:09Bah, Bah, Bah Bah. Last Sunday, I said.
- 10:11I thought last Sunday I said I thought silver could go to $30
- 10:14per oz this week. I was finally right.
- 10:19You're a silver pumper right now.
- 10:21All those people that were saving up all their Fiat.
- 10:24Unicorn Park does paper money saying I'm well, silver goes to
- 10:272320, whatever. Then I have a confession I need
- 10:31to make to you and I need to say I'm sorry to coin shop Chris.
- 10:34But none the less that ship sailed.
- 10:36That's gone. Those people will create more
- 10:38demand for silver as we head through the year.
- 10:40I got a bunch of articles we're going to go through.
- 10:43But even coin shop Chris, last couple weeks.
- 10:45Ron, you need to buy more silver.
- 10:46I'm like, I got plenty of silver.
- 10:48I'll wait. As I was saying, if the price
- 10:51would go, I didn't think it would.
- 10:52I said if the price got back to 22 an ounce I'd be in the market
- 10:56buying more silver. I think that ship has sailed.
- 10:59Trust me, I have enough silver stored in an off site location.
- 11:04I'm fine. You know, I've got a big, big,
- 11:06big, big big look. I eat my own cooking.
- 11:09I haven't told you that in a while.
- 11:11Basement dwellers. And for those of you who are
- 11:13new, right, I have a significant amount of our net worth invested
- 11:17in precious metals and precious metals oriented investment.
- 11:19So when I'm down here. Telling you what I think it's
- 11:22because I have a big vested interest.
- 11:24We are aligned. And aren't we all aligned,
- 11:28right? We all love our silver and gold.
- 11:30If you love coming down here to the basement, please give this a
- 11:32thumbs up. You can subscribe.
- 11:34That's free. And super chats are super
- 11:36appreciated. Thanks again to our friend from
- 11:38India giving us a super chat. And some some news from the
- 11:42street. What am I missing?
- 11:43Oh my guys, I don't know how long this will go.
- 11:47We got that there. Is so much craziness going on in
- 11:50the metals markets right now? OK, when you look, when you look
- 11:55at the chart of silver, we'll talk one a little bit more
- 11:58briefly here about the chart people, you know, the technical
- 12:01people that look at the chart. Guess what?
- 12:03We got Good news. I feel creepy when I whisper to
- 12:09you there's not much between 30 and $50 on the silver chart.
- 12:14Not a lot of resistance. Friction, right.
- 12:19It's not going to go straight up.
- 12:20We're not going to go to $50 next week.
- 12:22I'm not down here telling you we're going to have $50 silver
- 12:25next week. But oh, and I've got a great you
- 12:28know what, This afternoon, Jon Rowland from Bar Chart.
- 12:31I spent an hour with him. You want to look at charts from
- 12:35and get analysis? Not from me.
- 12:38Sorry guys, I'm not a chart guru.
- 12:40This guy is, so watch that video.
- 12:42He talks about silver, gold, and the miners, but they're all
- 12:46saying the same thing. There's little resistance
- 12:49between 30 and $50. Nothing creepy about that,
- 12:55right? OK, so that's likely what we
- 12:58could be in for what I think is going to happen.
- 13:00Don't make any financial decisions based on this is I
- 13:03think that we could get the 353638 real soon.
- 13:08I think there's just an explosion right now of of a
- 13:12confluence of many factors that can push the silver price to
- 13:173638. And then then sometime in the
- 13:20next six weeks we go back down to 3231 to retest to build a
- 13:25solid base. And that's OK guys.
- 13:28Because a bull. Market doesn't just go straight
- 13:31to the sky. It goes up, comes back, goes up,
- 13:35comes back a little bit goes up. As long as those new lows,
- 13:38they're higher lows. And that's what I believe we're
- 13:41going to be in for. It's it's it's unbelievable what
- 13:45has come together right now in the gold and silver market and
- 13:49the is the best yet to come because think about this, I
- 13:54searched all the mainstream. I did this for you last night,
- 13:57right. Well, you were whatever you were
- 13:59doing, barbecuing, having a good time.
- 14:01And I'm happy to do it. It's a big honor, but I searched
- 14:03all the mainstream. Media Nobody's really covering
- 14:08what is an unbelievable, epic, historic event unfolding in the
- 14:13gold and silver markets. Here, I'll.
- 14:16I'll show you what I. Found from the big guys, the
- 14:18mainstream media. Let's go after this.
- 14:24OK, this is from Reuters. China's stimulus.
- 14:27They're in China now. US rate cuts lift gold and
- 14:33silver soars above $30. Well, at least they put that in
- 14:36the headline, but they didn't put much more in here.
- 14:41Here there's their chart. Gold is moving higher despite an
- 14:45uptick in the dollar yields. I think this instance, this, in
- 14:49this instance, China's stimulus has helped and we're also seeing
- 14:53other base metals do very well. That was from Bart Mellick.
- 14:56We know him. Head of commodity Strategies at
- 14:57TD Securities. The market was lifted after
- 15:00China announced historic steps to stabilize its crisis hit
- 15:05property sector. OK anyway.
- 15:10Meanwhile here. Meanwhile, London's gold price
- 15:13benchmark ended the week at a record high of 24 O2.
- 15:17So we did hit a record in London on the on the gold price.
- 15:23Let's go over here to Bloomberg. Bloomberg Spot silver tops 30 an
- 15:28ounce, its highest since 2013. Guys.
- 15:33Highest since 2013, right? Highest price in 11 years.
- 15:40Are we in a new environment? OK, let's go down here.
- 15:46Here we go. The precious metal silver closed
- 15:496.5% higher 3149 an ounce on Friday, the highest since
- 15:53February 2013. It I didn't realize if did you
- 15:57know this. It has soared 32% this year,
- 16:01outpacing gold and making it one of the year's best performing
- 16:05major commodities. Silver's rally comes amid
- 16:07surging investor interest. Oh, this is where it gets
- 16:11interesting. This is where we thought you
- 16:13want to hear about Silver Squeeze Market mayhem, huh?
- 16:17Right. Here we go, right.
- 16:20Surging investor interest. That's that's not you.
- 16:25That's not me. OK?
- 16:27We already were very interested. These are new people, guys.
- 16:32And don't forget, what do you think's gonna happen in the
- 16:35silver market when just a few new people show up?
- 16:40The silver market is so small, right?
- 16:43You are ahead of the game. You're like a Green Beret of the
- 16:46world investing community. You looked out into the future.
- 16:49You acquired yourself silver while nobody was really paying
- 16:53attention to it. What's going to happen with
- 16:55surging investor interest, an increasingly supportive
- 17:00macroeconomic backdrop, and a projected 4th annual market
- 17:04deficit? That's the supply demand.
- 17:07This is Bloomberg, the Price Rally.
- 17:09Accelerated on Friday. Helped by spillover sentiment in
- 17:13the broader metals market. OK, yeah, the whole metals
- 17:16market, it's this is this is going to get big attention, OK.
- 17:21And it's probably happening right now.
- 17:23This is, this is a big key thing.
- 17:26I'm going to come back to this and finish this article up, but
- 17:28this is a big key thing right now.
- 17:32What could very and some of these people could be on this
- 17:35live stream with us right now is right now, this weekend, whether
- 17:39we're talking about silver, whether we're talking about
- 17:41gold, whether we're talking about copper or the mining
- 17:44stocks, we've got a wave of new people this.
- 17:48Weekend. It's like it's percolating.
- 17:50Not you. Not me.
- 17:51You were already here. You were early to the party.
- 17:54You got the best seat. Like when you went to a You went
- 17:57to the Gold Silver Show Theater, right?
- 18:01Big. You knew it was going to be sold
- 18:02out. You were smart.
- 18:03You knew. The gold, silver production was
- 18:06going to be sold out. You got to the theater early.
- 18:09You got a great seat, right? You got your popcorn.
- 18:13You got your soda this weekend, right.
- 18:16All of a sudden now and I'm in that theater with you, a whole
- 18:20new wave of people could and I believe are like saying, hey
- 18:25baby, I need to check out silver.
- 18:26Did you see what? Silver, Gold, man, Check out
- 18:28gold, copper, copper, the whole metal sector.
- 18:31Right. They start showing up at the
- 18:33theater. Guess what though, right?
- 18:35You and us basement dwellers, we got 700 of us here.
- 18:38The whole theater only seats about 1200 people.
- 18:42So those next 500 people show up.
- 18:44Yeah, they get the seats. They don't get the good seats we
- 18:46got. They're paying a little more.
- 18:48They're paying instead. Of paying $24.00 or $26 for each
- 18:52one of their seats, tickets oz. However you want to think about
- 18:56it, now they're paying almost $38 'cause that's what American
- 19:00Silver Eagles are going for. But guess what?
- 19:02Once those 500, the doors are closed, now everybody's on the
- 19:06outside right now, everybody's going to their coin shops and
- 19:09being told. Sorry, Charlie.
- 19:11Sorry. We don't have any silver.
- 19:13We don't have any gold. You have to wait six weeks.
- 19:16You got to wait eight weeks. We don't know when we're going
- 19:18to get more. We don't know if there's going
- 19:19to be another. Show all right, but you are
- 19:22nestled into your nice comfortable seat, ready to watch
- 19:26the big big ride. OK.
- 19:28Thank you, Susie. We got 200 thumbs up.
- 19:30Big deal. Oh, you know what else I want to
- 19:32do, guys? I'm going to put this up.
- 19:35And little banner down there. There we go.
- 19:37OK, back to the article. Back to the article.
- 19:40Wow, I ring that that's the. Cowbell.
- 19:44For 200 thumbs up. I don't know what makes me feel
- 19:47creepier. Ringing that bell or whispering
- 19:49to you. All right, let's get back here
- 19:51real quick. Wrong one.
- 19:54There we go. OK.
- 19:56Oh, I I got to read it again. Silver's rally comes.
- 19:58I made AI need to read this like it's meant to be read.
- 20:02Baby. This is good news for you.
- 20:04Mr. And misses Silver Investor Investor basement weather.
- 20:07Because we have surging investor interest, increasingly
- 20:11supportive macroeconomic backdrop and a projected. 4th
- 20:15Annual market deficit Yes, that means the world is demanding
- 20:18more silver than it can supply. The price rally accelerated on
- 20:23Friday, helped by spillover sentiment in the broader metals
- 20:27market. Copper and gold.
- 20:30Oh. Yeah, you know, we already
- 20:31talked about that. Half brother on one side of
- 20:33silver, half brother on the other. close in on records.
- 20:37And by the way, I want credit for that.
- 20:39I invented that right Silver's half brother Gold on the
- 20:42monetary side and silver's half brother or sister.
- 20:45However you want to say it. Copper on the other side.
- 20:48OK, copper and gold close in on records as metal Mayhem.
- 20:52Metal's Mayhem. That's our new show, Metal
- 20:55Welcome to Metal's Mayhem with the basement dwellers of Ron's
- 20:58Basement quote. This week was kind of recreation
- 21:02of the meme. Now this is where now this is
- 21:04where they got to bash us. So don't get mad here they
- 21:07they're saying that it was a recreation of the meme stock,
- 21:10'cause you know, GameStop. And what's the other one?
- 21:12AMC went through the roof. These bankrupt comp, comp,
- 21:16whatever, you know? Phil Striebel, chief market
- 21:19analyst at Blue Line. Future said Friday in our phone
- 21:21interview. Those speculators, those
- 21:24speculators naturally look for different areas to exploit, and
- 21:29silver is usually the one they favor.
- 21:32Hello Eisenhower. How could you say that gold's
- 21:36the one at an all time high. Copper's the one at an all time
- 21:39high. I don't.
- 21:40Do you? I mean, let me ask you, huh,
- 21:43Basement dweller? Do you feel like they've
- 21:45exploited silver? Give me a break.
- 21:49I don't agree with them. Silver.
- 21:51Oh, now, here we go. We're going to talk about the
- 21:53squeeze. Silver was a target market of
- 21:57Reddit retail traders in 2021. Yes, those wonderful, loving,
- 22:02good people at Wall Street, Silver and the Silver D Gen.
- 22:05Club. Amid a buying Stampede in
- 22:09GameStop and other small cap stocks that captivated the
- 22:12financial world, the precious metals breakthrough $30 may
- 22:16trigger substantial buying. Activity, you think that's the
- 22:21thing about silver guys, it's the biggest FOMO market?
- 22:25In the world, unfortunately, people don't buy when it's down.
- 22:31They buy when it's up. And I guess what, baby?
- 22:33Huh. Give yourself a little pat on
- 22:35your boomer. It's up.
- 22:37OK. You did it.
- 22:38You got to the theater early. You got a good seat before
- 22:42everybody else increasing. Oh, here we go.
- 22:45Sit down. Here comes the S word.
- 22:48Increasing the risk of a silver squeeze.
- 22:53According to TD Security. Senior commodity and strategist.
- 22:57Not an analyst. She's a strategist.
- 22:59Pardon him. Daniel Gahali.
- 23:02Gahali, I don't know. Silver Squeeze.
- 23:04Wow, there's a lot of power. I got to keep that article.
- 23:09We got market mayhem and silver. We got Silver Squeeze.
- 23:13Oh, and by the way, Silver's a speculative asset just for
- 23:17speculators, right? Yeah, we know, we know that
- 23:20article. We know they manipulate silver
- 23:22'cause we have proved we have an article that was released no
- 23:26longer classified, whatever you want to call it.
- 23:29When they set up the Comex in the LBMA, where they
- 23:31specifically said that by starting a paper market for
- 23:35silver, we'll be able to manipulate, well, they didn't
- 23:38say manipulate. They said there'll be a lot of
- 23:40volatility which will discourage investors.
- 23:44From buying precious metals Which?
- 23:46Why would they want to do that? Because they hate precious
- 23:49metals right The the powers that be in the in the financial
- 23:55world, the Fiat make believe Unicorn park dust paper world
- 23:59hate silver. And they're getting ready to
- 24:02have their you know what's handed to them.
- 24:05It's happening. Wait till you see this chart
- 24:07that James Anderson put out or shared on Twitter here in a
- 24:10little bit. I mean it.
- 24:12It shows it. It's.
- 24:13And I've heard this before, but now this shows it.
- 24:16It's absolutely nuts. What's going on?
- 24:19I want you to stop and have a drink of coffee.
- 24:21I do too. Because guys, we're only a third
- 24:23of the way through. We got a ton to cover.
- 24:33Better turn the microphone back on. 800.
- 24:37People, on a Saturday, we are growing.
- 24:41It's going to be big. It's going to be epic.
- 24:43It's going to be out of this world.
- 24:45OK, let me read this little little sad note that I wrote to
- 24:48you. Is it a sad note or is it a
- 24:50happy note? I'm gonna let you.
- 24:51I'm gonna let you decide. Well, we certainly had four or
- 24:55five good rug pulls, right? We've had that.
- 24:59We've had false starts in the precious metal sector over the
- 25:02last three years. But is the best yet to come?
- 25:06And I agree with you, we both know right?
- 25:09Is the best yet to come. Things are different.
- 25:11We both know it's not guaranteed, but it does
- 25:16certainly feel different when you consider what's going on
- 25:18right now in the metals market, everything going on.
- 25:22And this is where it's this is the bonus feature, OK?
- 25:26It's so long overdue. Each of those false starts, all
- 25:31that pain, that silver investors, gold investors, what
- 25:34do you think that pain did right?
- 25:36That pain got rid of all the people that weren't strong, the
- 25:42strong hands, all the people that wanted to sell have sold.
- 25:47Not you, not me, but all the peoples that I give up, I quit.
- 25:51They sold. The people that are left holding
- 25:53the metals right now are either people that are very strong
- 25:56hands or are new and it's just going up and up and up.
- 26:03There's going to be very that's why there's very little
- 26:06resistance. There's very few people looking
- 26:09to sell silver up to $50 now. I'll say 50, right?
- 26:14I think we're going to hit some big resistance, no doubt about
- 26:17it. We'll go through that
- 26:18eventually, no problem. But this 30 to 50 move in silver
- 26:24don't make any financial decisions.
- 26:27Based on what I'm saying. I don't know how soon it'll
- 26:31happen. Could it happen by the end of
- 26:33the year? I'd say there's about to get to
- 26:3550. There's probably about a 32%
- 26:38chance, OK, maybe a little higher, but I want to be
- 26:41conservative. What do I see coming this week?
- 26:44Again, the next two or three weeks, I think we've got a 48%
- 26:49chance plus of getting to 3638 dollars silver and then we'll
- 26:54have a pull back to 32. OK, no more predictions for me.
- 26:58Again, don't, don't go adopting a puppy or or getting engaged or
- 27:03buying silver or buying a stock on based on anything.
- 27:07I'm telling you that's just my opinion.
- 27:09But I think it's even more interesting when we get into the
- 27:12mining stocks and we're going to talk about that a little bit
- 27:15later. Yeah, yesterday I, I just
- 27:18briefly want to say this, it was a little bit of a traumatic day,
- 27:21like good days can be a little overwhelming as well.
- 27:24It was a little overwhelming what went on in the markets.
- 27:27Was were you? Feeling that or were you OK, I
- 27:29mean. Overwhelming and traumatic in a
- 27:32good way. All right, let's move on.
- 27:35OK, 01 more thing. One more little thing we need to
- 27:40consider about silver and gold is we've not even we are we And
- 27:45this is what's this is what's happening this weekend.
- 27:47All these new people, 800 people now in this live stream, all
- 27:50these new people coming in and saying I need to check out
- 27:53silver, I need to check out gold.
- 27:55Guys, the media's not really picked up on it yet.
- 27:59When the media really picks up on it, that'll be even more
- 28:02people come in. But the other section, what
- 28:04about this, if you consider this the momentum traders, the hedge
- 28:08funds, the big guys, that's all they do is watch what's moving
- 28:13and then they pile into it. It makes it move more.
- 28:16We're just at the very early stages of that potentially as
- 28:20well, which is why I. Think we could We could have it
- 28:23could it could get nutty. In the next couple weeks, I
- 28:26could be dead wrong. I could be sitting here next
- 28:28weekend saying, well, they knocked Silver back down to
- 28:31$26.30. Can you believe it?
- 28:34And you know what? If that happens, you're going to
- 28:35be OK, I think. That's I think it's very.
- 28:38Unlikely. OK.
- 28:40I I don't want to open my big mouth and I'm not gong.
- 28:44OK, Thank you, Susie. I'm going to ring the gong here
- 28:46in a second. But.
- 28:48But I really feel like we could get to this 30.
- 28:51Something's telling me 38, eight is great, right, 38, We'll see
- 28:55what happens, All right. Kitco is telling US 50.
- 29:00Dollars. Silver also, so we're not alone.
- 29:03Let's go over to the Kitco article.
- 29:05Let's ring the gong first. OK, quickly for you basement
- 29:09dwellers, all of you here. For those of you who are new, I
- 29:12have a golden gong that I ring when we get to 300.
- 29:15Thumbs up because it's a big deal for you.
- 29:25Couple extra rings goes hey, we're in record territory.
- 29:29Let's go see what Kitco had to say about Kitco.
- 29:35Oh. Our old friend Neils.
- 29:37I love Neils. I really do.
- 29:39What a great guy puts out great content.
- 29:41Silver price makes move above 30.
- 29:43Analysts say it's just getting started.
- 29:49According to some analysts, silver is just getting started
- 29:52as the precious metal has solid momentum.
- 29:55Remember the momentum. Players can seriously drive the
- 29:58silver price. $38 in two weeks quote Silver does not look
- 30:03overheated. So it's not overheated,
- 30:06overbought, but they use all these technical terms But
- 30:09there's that means it's it's like like there's still buyers
- 30:11out there as it is only now entering overbought territory on
- 30:15the RSI on the daily timeframes. That's from Alex Kupstein, Pick
- 30:19a pick a bit, bitch. FX Pro Senior Market Analyst In
- 30:24a note Friday last month silver was actively added for another
- 30:27three weeks after the RSI levels were above 70.
- 30:32OK, that means silver is just got what feels like guys.
- 30:37I don't want to jinx us, but like a an inexhaustible number
- 30:41of buyers, those new people showing up at the theater with
- 30:46us, right a two week pull back in the second-half of April,
- 30:49later removed that overbought area.
- 30:51Technically this clears the way up.
- 30:54OK, that's good news. Koop the bitch added that this
- 30:58near term target for silver is 33 an ounce.
- 31:00However, he added. He added, he added, Take a deep
- 31:04breath. He added that the precious metal
- 31:08could make a serious move, serious move to its all time
- 31:14high of $50. Let's pronounce his name
- 31:20properly. I like this guy Kuptikukikovic.
- 31:24Long term trends are also on the both side.
- 31:27That's good. This is called a confluence
- 31:29guys. When a number of different
- 31:31factors come together and they together create an even more
- 31:36powerful force ready to take on the universe.
- 31:40OK? In the last two years they've
- 31:44been able to quickly turn the price to the upside after dips
- 31:47under the 200 week moving average.
- 31:49This year, the price is. Successfully pulling away.
- 31:51From that line, OK, we're above the 200 week moving average, but
- 31:56the most furious part of the rally may be a be ahead.
- 32:01Let's just let's just for fun repeat that even a little more
- 32:04dramatic. Join me.
- 32:05I'm gonna start with the word furious.
- 32:08Furious part of the rally may be ahead.
- 32:10He said Silver could be ready to repeat the growth spurt it
- 32:14showed in 2010 to 2011 when it went like rocket ship up.
- 32:20OK. In a recent.
- 32:22Interview with Kitco News Michelle Schneider, director of
- 32:25trading education and research at Market Gage, said that the
- 32:28silver silver's value play makes it more attractive than gold.
- 32:35I I personally, like I told you guys, every time I went to buy
- 32:39gold or silver, I always bought silver.
- 32:41I think silver's prettier. But that's just me.
- 32:44Don't get mad at me. Don't hang up, OK?
- 32:46Schneider said that the $30 level.
- 32:48This is Schneider now. Matt Koopa.
- 32:50Tipa could pick a bitch. Schneider said that the $30
- 32:53level represents an important resistance point for Silver. $30
- 32:58did. We go through that on Friday.
- 33:00I can't remember. Somebody refreshed my memory.
- 33:03If Silver is going to hold 29 and get through 30, I don't see
- 33:09any reason why we can't. Yeah, hold on, guys.
- 33:15Yes. OK.
- 33:24Thank you. Let's put Susie back on her
- 33:27seat. She is OK.
- 33:30I was about to make a very important point by my wife,
- 33:32who's more important than any point I could ever make.
- 33:35Broken. I don't know if you know guys
- 33:36that know Susie. Here, I'll show you her in a
- 33:38second. But if Silver's going to hold 29
- 33:40and get through 30, I don't. See any reason why we can't get
- 33:46through 35 eventually and 40? We got $30 silver.
- 33:52Give me 353540 now we got 40 from our friend Schneider and
- 33:56Koopa. Kapeka Bitch is telling us we
- 33:58can get to 50 OK. Hold on here.
- 34:00Somebody had a question. Daniel.
- 34:02Hello. Hello.
- 34:04Let's get back here. Comments.
- 34:07Oh, wow. Super.
- 34:08Chad, my friend Darren Toffelstein we got.
- 34:12More to cover here. Hold on guys.
- 34:13Let's let's get Susie back. This is Susie.
- 34:17We got a nice chair for her now to sit in.
- 34:19But Susie, what was that question again?
- 34:21Please, sweetheart. Oh.
- 34:27Yes. OK.
- 34:28Thank you, Rodger. OK.
- 34:34Yes, I do think the blindfold will come off soon.
- 34:37He's asking the question about this guy right here, right?
- 34:40The gold bear who has a blindfold on and has for the
- 34:43last two years and I said when gold gets above $2500, the
- 34:47blindfold comes off. Now I've had several
- 34:50celebrities, including Peter Grandich and Hold On Here and
- 34:55CEOs of mining companies say they're going to come help me
- 34:58take it. Off.
- 34:58We'll see if that happens, but yes, I do.
- 35:01Think and I you know, if we have a weekly close above $2500, the
- 35:08Bears blindfold comes off. When do I think that'll happen?
- 35:11That's trickier. Look, if we get this big move
- 35:15and silver like I'm seeing possible over the next two to
- 35:18three weeks, 38 dollars, $36 and silver, that could be enough.
- 35:23Also is copper, silver, platinum, the other metals to
- 35:26push gold above 2500? It's going to be interesting,
- 35:29guys, OK? It's going to be crazy, crazy,
- 35:33interesting. Oh, what about?
- 35:35Manipulation. That's the big deal, right?
- 35:39What happens when the Comex breaks?
- 35:41What happens when the LBMA, the London Million Market
- 35:44Association, the LME, when what happens when they break?
- 35:48What do you think? Right.
- 35:50The nickel market broke. We had a squeeze, a short
- 35:54squeeze in copper earlier this week.
- 35:56Even Reuters and Bloomberg were saying short squeeze.
- 35:59What happens when we have that squeeze in silver?
- 36:02What happens in thousands of apes from silver Desian club and
- 36:07and the and Wall Street silver right.
- 36:09I mean it's we got we got a a squeeze going on in China and
- 36:15India right now our friend earlier from India tells us
- 36:19right you can't get silver at the silver shops.
- 36:21Hello. We know Oriental ghosts telling
- 36:25us what does that tell us? The price of silver on jd.com.
- 36:29China's equivalent of Amazon.com, right?
- 36:32Huh. Silver, what?
- 36:33$38.00 an ounce. OK, we know the price has been.
- 36:38Wait till you see the they they manipulated.
- 36:41They're short the market, right? They sold silver.
- 36:46They sell it short to keep the price down, to tamp it down to
- 36:49manipulate it down. It's been proven.
- 36:51There's been men and women, mostly men, but I think maybe
- 36:54some women too, but nonetheless that have.
- 36:56Spent their career proving this right.
- 36:59And what shows this better? This.
- 37:01I've heard this before, but this is the first time that I saw
- 37:06Hold on here. Here it is.
- 37:09OK, this is from Silver Academy, our friend John Little.
- 37:13Guys, John was on two days ago, one of the best live streams
- 37:17ever. People were raving John Little,
- 37:20I think one of the smartest guys in the precious metals market.
- 37:24No doubt about it. Hold on here.
- 37:26Make sure you can see this. Yeah, you can see it.
- 37:29All right. All right, Silver.
- 37:30Academy. There's a link to it in the
- 37:32description of this. I get no Commission.
- 37:34I'm just telling you from the bottom of my heart.
- 37:35This guy pours his heart and soul every day into getting good
- 37:38information out there about silver, gold, All the medals
- 37:42anyway. Market riggers, Jay.
- 37:45I don't know if I can read this. I forgot JP Morgan dropping like
- 37:49dresses and rented tuxedos on prom night.
- 37:51I'll leave that to your imagination.
- 37:54Silver Squeeze. Liberty.
- 37:55Liz. Let's go, baby.
- 37:58OK, uh oh, there's Ron. Paul the Silver.
- 38:01Price $50 Next. That's not the good part.
- 38:06The good part's yet to come. Here's a tweet from James
- 38:10Anderson. OK, this is about manipulation.
- 38:12Do you want to try and know how systematic, systematically long
- 38:19rigged, hyper levered comex pushing the spot silver market
- 38:24is, How long they've been pushing it down?
- 38:27Well, look to the East, China and India, and behold the
- 38:31damning. 5053. Year Daily Silver price chart.
- 38:36OK, OK. The the red and blue lines have
- 38:40a fifth meeting ahead. Buckle up, bulls.
- 38:46Buckle up, buttercups. This is what I like to say.
- 38:48Bankrupt the bears. All right, this chart shows.
- 38:53See if I can Now. I don't like that.
- 38:55Hold on here. Hold on.
- 38:57OK, this chart shows the black line.
- 39:00Read this down at the bottom. The black line shows a
- 39:03theoretical price for silver if you bought it on the New York
- 39:07open. So the black line is silver that
- 39:11was trading during the normal. Daily.
- 39:14Session on the crime X, OK, I think it's actually called the
- 39:17Comex, but anyway, OK, if you bought it when the when the New
- 39:21York market opened and held during the day and sold it at
- 39:25the close over all that times at 53 years, I can't see the
- 39:30bottom. I believe it is.
- 39:31Yes, 53 years. OK, it's every day for the last
- 39:3553 years. You bought silver on the New
- 39:38York Comex Crimex market when it opened and sold it when it
- 39:41closed. Your current price would be
- 39:45$0.15 per oz. OK, The red line is the actual
- 39:50spot price. OK.
- 39:52The blue line shows a theoretical price.
- 39:55This is the price in in India and China for silver if you
- 40:00bought on the New York clothes. So if you bought silver when the
- 40:03Comex closed, OK. And held it overnight and sold
- 40:07it when when the New York market opened.
- 40:10Silver would be $376 per oz. Does this not definitively show
- 40:18you how manipulated the Comex, the Crimex, whatever you want to
- 40:22call them, they are with silver. They're going to get their rears
- 40:25handed to them. Guys, they are getting their
- 40:27rears. It has started.
- 40:29It is different this time. We talked about this starting
- 40:32back in December. We talked about a new
- 40:35environment. You know, Rick Rule said this
- 40:37and I'll never forget it, OK. Never forget.
- 40:40This is so exciting and interesting when it comes to the
- 40:44silver and gold market. He basically said the riggers
- 40:47are riggers. OK.
- 40:49They they they they've only rigged it and I'm and I'm and
- 40:52I'm I don't want to put words in his mouth.
- 40:53But what I understood him saying, which I hope this also
- 40:57like, excites you to the point that it excites me.
- 41:00OK, the only reason the riggers rigged the price down over the
- 41:04last. 50. Years is because that was the
- 41:06path of least resistance. That was what the government in
- 41:10the West was encouraging, right? Sell short, sell naked short,
- 41:14whatever. Well, guess what?
- 41:15The West isn't in control of the silver market anymore.
- 41:21And definitely, at least not to the extent that they were ten
- 41:26years ago. The Shanghai Gold Exchange only
- 41:30opened in 2012. Okay, okay, I'll get to the
- 41:37Super chats. I will and I'll bring the I'll
- 41:39blow the whistle. This is so important though,
- 41:40right now that that, that, that, that, that.
- 41:45Now it's #1. It's a different environment.
- 41:48China, India controlling the price of silver.
- 41:51China and India are controlling the price of silver #2.
- 41:56The riggers, they don't care. They're, they're, they're they
- 41:59don't care if they're rigging the price down.
- 42:01Or or in this new environment, making money by rigging it to
- 42:06the upside $38 in the next two to three weeks.
- 42:09Heck, it could be 48. Dollars.
- 42:11Who knows, right? It could also be 28.
- 42:14I don't think you could be 18, but I'm telling you, think about
- 42:17those two things. The West has lost control of the
- 42:20metals markets or at least is exerting significantly lower
- 42:24amounts of authority over them. And #2, these riggers in the
- 42:30paper markets, they don't care if they're rigging the price up
- 42:33or down, they do. They just want to make money.
- 42:35So as it goes. Up.
- 42:37They'll be happy to help rig it on the way up.
- 42:39OK, let's go down here real quick.
- 42:41Silver sores A 40% increase in three months.
- 42:46Oh, my God. Unbelievable.
- 42:48OK, let's get back here. Let's check in with our friends.
- 42:52Oh, my gosh, you guys are being crazy.
- 42:55Generous travels and conversations.
- 42:58OK, Yep, that's right. No silver in India.
- 43:00Medicare. Good to see you, my friend.
- 43:04Hold on here. Let's get back.
- 43:06Here we go. Hello, metal sear, Christopher
- 43:09Dubois. Palladium may go up a higher
- 43:12percentage than silver and gold. I can't really comment on that
- 43:15'cause I'm not a Palladium, Palladium guy, but I'm hearing
- 43:18that all the metals, including the platinum group metals are
- 43:21moving higher. We know what's going on with
- 43:23copper guys. It's moving.
- 43:25The metals are moved. There is now we, I think we can
- 43:28safely say momentum. I don't want to be negative,
- 43:31right. They the rug could get pulled
- 43:33again. You know what?
- 43:34Fine, Pull the rug on us again. That'll continue to make us even
- 43:38stronger. OK, Christopher Dubois, nice
- 43:43call, Ron. A home run in the ninth.
- 43:46Yeah, Christopher was following. Guys, I made a call last week
- 43:49that I thought Silver would close about $30 this week and I
- 43:53said 64.3% chance. And I was correct.
- 43:59And then Christopher Dubois earlier in the week said you
- 44:01want to bet an eagle or or an ounce of silver?
- 44:03That'll happen. And I was like, no, 'cause I got
- 44:06enough bets on the market. Like I said earlier, I eat my
- 44:08own cooking. I am aligned with you.
- 44:10If you own silver, if you own gold, if you own precious metal
- 44:14mining stocks, We are aligned. We are part of the force.
- 44:17Thank you for the Super chat and I'll blow the whistle here in a
- 44:21little bit. I got to get back to some more
- 44:23breaking information that we have going on right now in the
- 44:28silver market. What?
- 44:29About Elon Musk, good old. Elon, hold on a second here.
- 44:37Elon Musk. Guys, in 10 seconds I'm going to
- 44:40tell you why silver and gold value will go up.
- 44:44I'm. I did a good job.
- 44:45I didn't say price value Will, will explode and you'll be
- 44:50happy. OK, That you own silver, gold,
- 44:53platinum, mining stocks, any of it.
- 44:55You know why 'cause the dollar's going down, period.
- 44:58I'm not. We could talk about this one for
- 45:01hours. Do you?
- 45:01You know that, right? Like the basic idea that a paper
- 45:05currency goes to nothing. This Monopoly money.
- 45:08See. There you go.
- 45:09Oh, are those dollars? Are those Monopoly?
- 45:11Or is there a difference? But listen to what Elon Musk
- 45:13said. This is hilarious.
- 45:15OK, where is he? Here he is.
- 45:21This is the Elon Musk Monopoly metaphor.
- 45:23Is the economy just a game? Elon Musk compares the.
- 45:27Federal. Reserve to monopoly.
- 45:29Let's unpack what this means for our financial future.
- 45:32Blah, blah, blah. Here.
- 45:34This is, this is Elon's tweet. I thought this was great.
- 45:38OK? All he said was how the Federal
- 45:41Reserve works now, right? OK, what if the bank runs out of
- 45:46money? This is what he wanted to point
- 45:49out. What if the bank runs out of
- 45:52money? OK, Elon.
- 45:54What do you guys? Think that happens if the bank
- 45:56runs out of money? OK, some players think the bank
- 45:59is bankrupt if it runs out of money.
- 46:02But the? Bank.
- 46:02Never goes bankrupt again. He's talking about the Federal
- 46:06Reserve to continue playing. Use slips of paper to keep track
- 46:11of each player's banking transactions until the bank has
- 46:15enough paper money to operate again.
- 46:17The banker may also quote UN quote, issue new money on slips
- 46:23of ordinary paper. Oh, boy.
- 46:30OK, Does that sound familiar? Hold on.
- 46:35Where are you? There you are.
- 46:37There he is. There's our old friend.
- 46:40The bank never runs out of money.
- 46:42It's got unlimited supplies of this.
- 46:45Unicorn fart. Dust, paper, money, and guys
- 46:50remember right this stuff. Paper, paper, paper.
- 46:57Say it with me. Paper, paper.
- 47:00Worthless. Right based.
- 47:02On what's it say on here based on nothing?
- 47:07Oh, how about this one from the 1950s paper?
- 47:12Paper. Oh, but there's a little
- 47:14difference. See.
- 47:15Can you see that at the top? Huh.
- 47:16It says silver certificate. Wow.
- 47:22This certifies that there is a deposit at the Treasury of the
- 47:25United States of $1.00 in silver, payable to the bearer on
- 47:32demand. What a novel concept.
- 47:35Get ready for this again. OK, get ready.
- 47:39Let's. Pray.
- 47:40Let's hope that's not just hope and pray.
- 47:42It's a mathematical certainty. I mean, my gosh, OK, look, the
- 47:49other big, big, big tsunami heading at us right now, right
- 47:54now, OK, Whoever wins this next presidential election, and this
- 47:58is not a political show, all right?
- 48:00I'm not. I'm not here to Anyway, whoever
- 48:03wins Trump or Biden, as they go into their next term, they are
- 48:09going to be facing the wall. The wall is here.
- 48:14The debt wall, the debt crisis. It's here and it's here right
- 48:17now. The next four years, the next
- 48:20six months, the next four years are going to get absolutely
- 48:24crazy and ugly. OK, All right, guys.
- 48:28Thank you for being here. Oh, thank you, Susie reminded
- 48:33me. I got to ring that train or blow
- 48:34the train whistle for you basement dwellers.
- 48:37Thank you for the Super chats. I forgot.
- 48:39Oh my gosh. Hold on.
- 48:40Thank you to our sponsors. Pinbex.
- 48:43Right there. Pi MB E.
- 48:45X Let's go check the silver and gold price real quick.
- 48:47You guys want to have some fun? Let's have some fun.
- 48:50Oh, look at. That $2413.00 for gold?
- 48:57I added a penny. OK, up $35.
- 48:59Silver 3145. Interesting.
- 49:06It's not too late to get your hands on some silver, gold or
- 49:09platinum. OK, look, nobody knows where the
- 49:12price is going to go. But if you decide, and we always
- 49:15advise prudence dollar cost averaging, do yourself a favor.
- 49:20Check out Pinbex, OK? Because when you buy metal you
- 49:23want to make sure you're getting good quality metal.
- 49:25Pinbex has the exact same products as all the big massive
- 49:29name brand. Although Pinbex is becoming a
- 49:32name brand, but none the less the other name brand bullion
- 49:36dealers that are online, same exact products.
- 49:39Compare the prices OK and what you'll find is you can get more
- 49:43metal for your money with Pinbex.
- 49:44That's what I found before they sponsored my channel.
- 49:47And that's why I was very excited when they offered to
- 49:51sponsor the channel 'cause I'd already believed in the company.
- 49:54It's a company that I trust, OK? And when the packages come, they
- 49:58are wrapped up like Fort Knox. I'm telling you, it's crazy.
- 50:03Also, let's say thank you to 1st Mining Gold.
- 50:05You can learn more about them at firstmininggold.com and our
- 50:09friends at Fortuna Silver Fortuna silver.com.
- 50:12Let's. Blow the train whistle 4.
- 50:15Times. Hold on, guys.
- 50:18Stay with me. Stay with me.
- 50:20I'm going to fix this right now. OK, there we go.
- 50:25This should work now. I had a little problem.
- 50:29Noise cancellation. I don't know.
- 50:31Anyway, we're going to blow the whistle four times for all the
- 50:34thumbs up. Hope I don't lose any sponsors
- 50:48over that one. Have a great day.
- 50:50OK. Be prudent with yourself.
- 50:52Be good to yourself. Be nice to yourself.
- 50:54We're going to have a crazy week ahead of us.
- 50:56All right. I'm going to look forward to
- 50:58seeing you next time. Thank you for being here.
- 51:00Thank you to the moderators. Have a great day.
- 51:02I'll see you soon.