Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💥 Silver & Gold ALERT! 💥 - The Great Metal Squeeze of 2026 -- (Gold Price News Update too)

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💥 Silver & Gold ALERT! 💥 - The Great Metal Squeeze of 2026 -- (Gold Price News Update too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  The silver world is sizzling, and we got a lot to talk about
• 0:05
  today. Gold sizzling also, but major
• 0:07
  stories developing over this weekend in the silver market.
• 0:11
  We're going to be on top of them #1 thank you for being here.
• 0:14
  Please subscribe to the channel. All that great stuff.
• 0:17
  I'll bug you more about that later.
• 0:19
  Unbelievable developments that we're experiencing together.
• 0:23
  Do you feel it right? We come down here in the
• 0:25
  basement, we talk about silver and gold.
• 0:27
  But guys, this is like no other time in history.
• 0:31
  We're going to talk about China, we're going to talk about the
• 0:35
  Comex, the two big stories, right?
• 0:38
  Potential massive catastrophic events for the paper market, not
• 0:45
  for the physical market. We'll touch on that.
• 0:47
  Also, $300 silver. No, OK, I lied.
• 0:51
  I put that on the thumbnail, $300 silver.
• 0:54
  It was click bait. I was click baiting you.
• 0:56
  It actually is 3 to $500 silver and we're going to talk about
• 1:00
  how the China and COMEX situation could make that happen
• 1:05
  sooner as opposed to later potentially.
• 1:08
  I'm not the one saying it. I'll give you all the data.
• 1:11
  We'll get into that in a second. We also have massive news out of
• 1:15
  the company Tether. They're the ones that are
• 1:19
  accumulating more gold right now than anybody else outside of the
• 1:24
  world central banks. Guys, there is so much going on.
• 1:27
  Seriously, silver is sizzling. This is the special Saturday
• 1:32
  Night Live stream Silver Sizzler edition.
• 1:35
  Let's dig right in. We got a lot to cover.
• 1:38
  Let's start here. Silver lease rates that we'll
• 1:41
  talk about. This is a big deal.
• 1:44
  This is a huge deal. OK, Karel Merck's, that sounds
• 1:48
  like Karl Marx. But anyway, Karel Merck said
• 1:51
  silver lease rate in London jumps to 6.1% for one month.
• 1:56
  Guys, that is super duper high. We're going to look at a chart
• 2:00
  here in a second that tells you everything about the recent
• 2:02
  crash. This was this was leverage and
• 2:06
  paper getting flushed out, not a class and physical demand.
• 2:10
  If supply were loose, professionals wouldn't be in
• 2:13
  green, wouldn't be paying top dollar to borrow silver right
• 2:19
  now. So the lease rates are what they
• 2:21
  charge to borrow silver. And as you look on this chart,
• 2:25
  we're just going to look here for a second.
• 2:26
  I want to point something out to you.
• 2:29
  See this little number down here that looks like a like a Cheerio
• 2:33
  right where I circled that is zero.
• 2:35
  Let me draw a line on here for you.
• 2:38
  As you can see, silver lease rates were basically 0 for the
• 2:44
  longest of time. It didn't really start to go up
• 2:47
  until here December, as you can see boop and it's skyrocketed.
• 2:51
  When was that anyway? Back in September and now we're
• 2:56
  going, then we went back down, now we are going back up.
• 2:59
  That is a sign of major stress in the market.
• 3:02
  Backwardation is a sign of major stress in the market.
• 3:06
  Everywhere we look, we have, uh, oh, hopefully you saw the right
• 3:10
  screen there. Yeah, we have signs of major
• 3:13
  stress in the market. OK, but wait, there's more
• 3:16
  because we now we're going to go to China, the big massive story,
• 3:20
  this guy beyond who's short like 15,000,000 ounces of silver, OK.
• 3:26
  And it's getting more and more interesting.
• 3:28
  We have breaking news. We're going to talk about how
• 3:31
  that fits with what's going on in the Comex and the silver
• 3:34
  Swami himself, who's telling us that we could have, I have 3 to
• 3:38
  $500 silver within just a couple months.
• 3:41
  I won't ramble anymore. We're going to get straight to
• 3:43
  it. Let's go out here.
• 3:45
  The first post from Eric Yuong, King Kong 9888, right?
• 3:50
  Super respected person in the precious metal sector.
• 3:53
  Chinese media in Hong Kong are already reporting that the
• 3:58
  Chinese tax authorities may start investigating Mr. Beyond,
• 4:02
  the Chinese trader who naked shorted 450 metric tons of
• 4:08
  silver. That's nearly 15,000,000 oz.
• 4:12
  The Chinese tax authorities might invite him in for a talk.
• 4:16
  This is from Business Focus Hong Kong, and here's the article.
• 4:21
  I'm sure you can read that about as well as I can.
• 4:23
  Chinese writing is very pretty. I love it the way it looks, but
• 4:26
  I just can't make any sense out of it.
• 4:28
  And there's Mr. Beyond right there.
• 4:31
  Oh, shoot. Oh, shoot.
• 4:33
  Hold on, guys. I'm sorry Susie's not here.
• 4:36
  I forgot to share the screen. There we go.
• 4:40
  I read it to you. Anyway, there's the pretty
• 4:41
  picture, Mr. Beyond. And darn, it might have some
• 4:45
  tech issues today. We're super busy here in real
• 4:49
  life. We've got twin daughters that
• 4:51
  are keeping us crazy busy. Anyway, let's go on to the next
• 4:54
  thing. Let's talk about what this the
• 4:57
  ramifications of this could very well be.
• 5:02
  This comes from the silver trade short 130% of total silver on
• 5:08
  the exchange and frozen because now they, the tax authority,
• 5:12
  they came out the exchange and said no more stop.
• 5:14
  OK, we could have a Volkswagen or nickel market style short
• 5:19
  squeeze. Is that what's next for silver
• 5:21
  in red? With his massive naked short
• 5:24
  position now publicly exposed and frozen, the market itself is
• 5:29
  likely to inflict maximum pain on beyond short.
• 5:32
  So this guy is massively short silver.
• 5:35
  When you're short something right, that means you sell it
• 5:39
  right with the intention and it's required that at some point
• 5:42
  you have to cover your short. You have to buy it back.
• 5:45
  He's going to have to buy back 15,000,000 ounces of silver.
• 5:50
  Considering his naked silver short is 130% of the Shanghai
• 5:55
  Future Exchange, entire silver inventory and now frozen by
• 5:59
  Chinese regulators, a short squeeze of the likes of
• 6:03
  Volkswagen in 2008 when the price of Volkswagen stock like
• 6:07
  skyrocketed in like an hour or nickel in 2022 could play out in
• 6:13
  the coming weeks. Chinese regulators stepped in
• 6:16
  yesterday and essentially froze beyond position, suspending his
• 6:21
  ability to add to his shorts. OK, his shorts are short and
• 6:26
  publicly exposing him the size of his position.
• 6:32
  No dirty minds here. The revelation of Beyond Jing
• 6:35
  Ding's naked short silver position appears to be
• 6:38
  calculated move by regulators who likely facilitated the leak.
• 6:44
  So this guy's got shorts, he's got a position, and now he's
• 6:48
  leaking to Bloomberg through an anonymous source close to the
• 6:52
  exchange. OK, this is crazy, and there's
• 6:54
  another article, but yeah, that you can see.
• 6:57
  Sorry, I forgot to share the screen earlier.
• 6:59
  The only thing I can read on that screen is $22.00, and maybe
• 7:04
  that's per gram, I don't know. Anyway, that's what's happening
• 7:08
  in China right now. Now guys, think about this.
• 7:12
  OK, we've got, well, we got, we're just going to keep going
• 7:15
  because there's so much. This is a silver sizzler.
• 7:19
  I, I, I got AI don't know. How do you feel about what's
• 7:22
  going on with silver right now? I know like obviously a week ago
• 7:26
  we had the worst, you know, otherworldly downdraft in the
• 7:30
  price of silver, something that that statistically can't happen.
• 7:35
  It was an engineered smash in the silver price.
• 7:38
  And now a week later, I'm feeling the I'm feeling really
• 7:42
  good about precious metals. I mean really, really good.
• 7:46
  How are you feeling? Leave a comment in the comment
• 7:48
  section. But it's a big deal this week.
• 7:51
  This massive short position he get.
• 7:54
  Here's the good news. He already sold the silver.
• 7:59
  The only thing now from a mechanic perspective, and
• 8:02
  there's a reason why that's so important.
• 8:04
  When you, when you have a short position that you need to buy
• 8:06
  the silver back, the only thing that he can do now is he's going
• 8:10
  to have to buy that silver back. And when that silver is not
• 8:14
  available, right, We know there's we got, we got news from
• 8:17
  Germany, we got all kinds of stuff to talk about that
• 8:20
  silver's not out there that can set up a that can set up
• 8:24
  something very interesting. A short squeeze in the silver
• 8:28
  market. Let's run out here quickly to
• 8:31
  get just a little more data from China, then we'll switch gears.
• 8:36
  This one came from we can make sure we got the right tab up
• 8:41
  again. Silver trade.
• 8:42
  Oh, this is crazy. Nearly 20% of remaining silver
• 8:46
  was removed from the Shanghai vaults on Friday.
• 8:49
  Total Shanghai Futures Exchange silver inventory plunges to just
• 8:54
  11.2 million oz 350 metric tons. Why is that important?
• 9:01
  Two reasons. Number one, remember Mr. Beyond
• 9:05
  has 450 million tons that he sold short.
• 9:10
  That's equal to about 15,000,000 oz, right?
• 9:13
  Which is a lot more than the 11.2 or 350 metric tons that
• 9:19
  remain in the Shanghai Future Exchange vaults.
• 9:23
  But there's another super interesting thing that we're
• 9:27
  going to look at. Let's go down here.
• 9:30
  These are the vaults. I'm going to underline it.
• 9:32
  Shanghai Futures Exchange vault. You can see the word vault right
• 9:36
  there. Here's the total, right?
• 9:38
  They just said 350 kilograms. Here's what it went down 62.
• 9:45
  OK, that's like what I don't know, 20% like they said, guys,
• 9:50
  if this if this continues right at this rate and there's no
• 9:55
  guarantee that it will, but it's just very interesting to point
• 9:58
  this out. This would be the vault itself
• 10:02
  would be at zero in six days. I'm not going to write days, OK,
• 10:09
  if the amount of silver being drained continues at that level.
• 10:12
  So very, very interesting development.
• 10:14
  Now let's go up here. Remember, we always want to look
• 10:19
  at this, the Shanghai Gold Exchange, OK, for the silver
• 10:24
  price AG right there on the Shanghai Gold Exchange $81.51.
• 10:31
  Now if we go out to hold on here, see if I can do this
• 10:36
  without screwing us up, OK? So we're at $78 on the LBMA in
• 10:42
  the spot market. You can see right here, right in
• 10:45
  the middle. Now let's go back because we're
• 10:50
  at 78, they're at 81. The price is getting closer and
• 10:55
  closer, OK? Two big things, two big reasons
• 10:58
  why we're going to. We're going to talk about why
• 11:00
  this is important #1 as we said two months ago, three months
• 11:05
  ago, China and India are taking over the pricing mechanism for
• 11:10
  silver, OK? Now, when you look at the US
• 11:13
  market where everything is screwed up, we know what's going
• 11:16
  on in the COMEX. We're going to talk about that
• 11:17
  in a second, but there's also not a healthy situation in the
• 11:22
  US markets where we're often in backwardation, which means the
• 11:26
  spot price, which is the the Kitco LBMA price that we just
• 11:30
  looked at has been higher than the futures price.
• 11:34
  That is a big sign of trouble and stress in the market.
• 11:37
  However, if we look at China right and then we go, so here's
• 11:41
  the Shanghai Gold Exchange right, 8151.
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  If we go to their futures exchange wrong 1 hold on here,
• 11:50
  bear with me silver on the Shanghai futures exchange,
• 11:55
  sorry, they are in a healthy state of contango.
• 11:59
  The futures price is $84 per oz wet, while the spot price, which
• 12:05
  is the SGE, that's their spot market, which by the way,
• 12:08
  coincidentally, they do something really funny over
• 12:11
  there. They actually a trade the
• 12:13
  physical metals. Uh oh, hold on here now we're on
• 12:21
  the right screen. Gosh, I am sorry guys upstairs
• 12:23
  Susie is not here. I apologize.
• 12:26
  OK, but here here is the the spot price right there 8151 with
• 12:32
  Shanghai gold exchange and there it is on the Shanghai futures
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  84. They are in a much healthier
• 12:38
  market man. I feel like a big bolt.
• 12:41
  I keep forgetting to share the right screens.
• 12:44
  I apologize again, my lovely assistant upstairs, Susie is not
• 12:49
  here. We have kids and we got stuff
• 12:51
  going on all over the place. But the healthy, the the fact
• 12:56
  that the Chinese market is in a state of contango, which is
• 12:59
  healthy, shows how it's becoming more of a magnet.
• 13:03
  It's going to pull the price in the West, OK, on the COMEX in
• 13:07
  the LBMA, it's going to pull closer and closer.
• 13:11
  And we've already begun to see a narrowing of that price
• 13:15
  differentiation between China, which is still higher, right,
• 13:19
  and significantly higher, and what the price of silver is in
• 13:23
  the West. Oh, and now, now I'm going to
• 13:24
  remember to share the right screen.
• 13:26
  My gosh, I apologize again. Let's get an update from the
• 13:29
  streets of China and see what's going on right now at the Shu
• 13:34
  Bay Chinese Market. OK, this is the Shenzhen Shu Bay
• 13:42
  Gold Market today at 5:00 PM. And I think they're like, I
• 13:46
  don't know, 12 hours ahead of us.
• 13:48
  None the less, here's a little video and it says, well, here it
• 13:51
  says right here, the gold market on Saturday, the place was
• 13:54
  packed with a crowd buying, buying for the Chinese New Year,
• 13:57
  which is coming up. The prices that you see on that
• 14:00
  screen are higher because they include like the fee for jewelry
• 14:05
  and all that. So don't, don't read too much
• 14:07
  into that. And I'm getting text.
• 14:08
  I bet Susie's text me to tell me that I'm forgetting to share
• 14:12
  screens. Anyhow, here we go.
• 14:14
  This is what's going on in China at their market.
• 14:27
  OK, I told you we had some updates from other places around
• 14:31
  the world. Next we will go to.
• 14:33
  Here's some good news. This is crazy, OK?
• 14:37
  And there's a reason why this is important.
• 14:40
  This came from Whale Insider just in India imported.
• 14:45
  I'm sure we got you up, which we do an estimated 225 million
• 14:52
  ounces of silver in 2025. I actually went out to the to to
• 15:00
  the to the Google AI and ask them.
• 15:02
  They said they thought it was 230 million.
• 15:05
  The point here, take a deep breath and think about that.
• 15:08
  That's India importing silver 225.
• 15:13
  Even if it's 200 million oz, which is not, it's a lot more
• 15:16
  OK, that is 25%. That is one in four of all
• 15:22
  ounces of silver that are mined all over the world for the
• 15:27
  entire year. One in four of the those oz went
• 15:31
  to India alone. But wait, there's more.
• 15:35
  Because remember, Indians love gold as well.
• 15:39
  They got more gold than anybody. But wait, there's more.
• 15:43
  Because as we look out into the future, India's economy is
• 15:48
  growing at a faster clip than anywhere else in the world.
• 15:50
  We're going to, we're going to dip our little toes into the
• 15:53
  world of fundamentals together here.
• 15:55
  Guys. I know like we, we always want
• 15:57
  to look at the big picture and silver, there's a reason why
• 16:00
  that's so critical. India has 1.4 billion people.
• 16:05
  They love silver and gold. They imported one in 4 ounces of
• 16:10
  silver for the year. But I promised you a zinger, a
• 16:13
  cherry on top, and that is simply this.
• 16:16
  The Chinese economy is expanding it one of the fastest rates of
• 16:21
  any economy in the world. As a matter of fact, they
• 16:24
  estimate that within like the next four years, there's going
• 16:28
  to be 100 million. There's only 300 million people
• 16:33
  in the United States of America. I'm one of them.
• 16:36
  But there's, there's only 300 million Americans and there's
• 16:40
  100 million Indian people who are going to move into the
• 16:44
  consumer class, meaning they're going to have extra disposable
• 16:49
  income. Indians already use silver as a
• 16:53
  savings account. Read about it.
• 16:55
  All the farmers out in the, you know that I think they farm
• 16:58
  rice. I'm not quite sure.
• 16:59
  But you know, and my hats off hard working people, I'm sure
• 17:03
  when they get their harvest, you know what they do with it, with
• 17:05
  them, with the money. They don't hold rupees.
• 17:08
  No, they trade their rupees for silver.
• 17:12
  They already right. And now the other big deal going
• 17:16
  on in India is that in April, the banks are going to allow
• 17:20
  people to use silver. Think about this is huge.
• 17:24
  They're going to let people in India use silver as collateral
• 17:28
  for loans. They're monetizing silver.
• 17:31
  That's what I think. I mean, how can you describe it
• 17:33
  any other way? You can take your your silver,
• 17:36
  right? Here's a beautiful one ounce
• 17:37
  piece of silver or you can take your kilo bars or whatever to
• 17:41
  your bank and use them as collateral.
• 17:45
  These people that are going to be a huge, huge and then like
• 17:49
  they're building solar pan. I mean it's in crazy what's
• 17:53
  going on. One in 4 ounces of silver that
• 17:57
  were dug out of the ground through toil and labor.
• 18:01
  That's the other. We never talk about that, right?
• 18:04
  It's hard to get silver out of the ground.
• 18:05
  I talked to the CE OS I've been to.
• 18:09
  Have I been to a silver? I've never been to a silver.
• 18:11
  Might have been to a gold mines, but I'm telling you, gold's hard
• 18:14
  too. Silver's hard.
• 18:15
  It's hard work. I've talked to these people and
• 18:18
  like this is a big deal. I'm excited.
• 18:21
  I'm sorry. I'm going on and on.
• 18:23
  Before I go any further, I do want to say thank you channel
• 18:25
  sponsor First Mint. Talk about getting silver out of
• 18:28
  the ground. When you get silver from First
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  Mint, it really is the freshest silver in town.
• 18:35
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  1st Mint in Las Vegas, NV, United States of America, right
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  where it's transformed into world class serious silver
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  bullion products. And then where does it go?
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  They don't ship it to the COMEX, they don't ship it to the LBMA.
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  They ship it straight to you. They've prided themselves from
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  their very beginning on being the freshest silver in town,
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  You guys give me great feedback. It's incredible.
• 19:27
  Thank you, thank you. Thank you First Mint for
• 19:28
  sponsoring Rons basement. Now let's talk about the poor.
• 19:33
  There's this is getting very interesting with the COMEX.
• 19:36
  Those poor people at the COMEX. Don't we feel just so, so bad
• 19:40
  for the COMEX and what's going on there?
• 19:43
  Because it is getting very, very interesting.
• 19:46
  I am remembering to share the right screen and let's go out
• 19:51
  here. Here's a great synopsis of what
• 19:54
  could be massive trouble ahead for the COMEX.
• 19:58
  I'll give you the reasons why here.
• 20:01
  Uh oh, wrong one. Here we are.
• 20:03
  Oh, no, hold on, hold on. OK, here we are.
• 20:09
  Boom. Now we'll talk about the COMEX.
• 20:11
  We'll come back to Germany in one second.
• 20:13
  This is from our friend Mark, who gives a great synopsis of
• 20:17
  what's going on at the COMEX. There's a silver crunch.
• 20:20
  We got a silver sizzler March of this year guys.
• 20:24
  That is a less than what we will be in March in like 4 weeks.
• 20:29
  OK, could break the system. Comex data indicates in purple
• 20:34
  that March delivery, the March delivery period starts on
• 20:38
  February 27th. So that's less than three weeks
• 20:42
  from today faces an accelerating physical drain that could
• 20:46
  overwhelm available silver. I just got the highlights for
• 20:51
  you here. Now let's just talk about 2025
• 20:54
  briefly. There was a delivery explosion
• 20:57
  when total COMEX silver deliveries in 2025 hit
• 21:01
  474,000,000 oz, more than double what we had in 2024.
• 21:07
  So the trend is been going up. January of 2026.
• 21:12
  Last month, the warning shot, a normally quiet month, exploded
• 21:17
  to almost 50 million oz, delivered up massively from
• 21:21
  prior years. Put all the dots together here,
• 21:25
  all right? February of 2026, the smoking
• 21:29
  gun. That's right.
• 21:31
  Now we're February 7th. In just the first few days,
• 21:35
  nearly 19,000,000 oz were delivered, almost matching all
• 21:40
  of last February. So in the first few days we've
• 21:44
  had as many deliveries as all of nearly 19,000,000 oz.
• 21:48
  Now this is the big one, The coming up in orange open
• 21:52
  interest, OK, for March of 2026 futures contracts sits around
• 21:57
  430 million oz and some reports show even higher exposure.
• 22:03
  If even 25% OK, which is conservative demands delivery,
• 22:09
  that's over 100 million oz needed.
• 22:14
  If it's 50% OK, that would be 215,000,000 oz at 7.
• 22:19
  At 70%, we're talking about 300 million oz.
• 22:24
  Last year's March was already stressed at 80 million.
• 22:27
  So last year in March was 80 million, but we're talking about
• 22:32
  a very conservative estimate this year at 25%, that would be
• 22:36
  100 million, the inventory meltdown.
• 22:39
  So now we're talking about where are they going to get the silver
• 22:43
  from? It's called registered silver,
• 22:44
  OK? Registered silver deliverable
• 22:47
  dropped from 167,000,000 ounces in October of last year to
• 22:53
  around 103 million right now. That's a 38% plunge in months,
• 22:58
  accelerating recently with about 780 5000 oz draining daily by
• 23:07
  March start. OK.
• 23:09
  It could fall if it continues to be drained at that rate to only
• 23:13
  85,000,000 oz, far short of potential demand because let's
• 23:19
  just let's just recap this very quickly.
• 23:22
  If the silver continues to be drained from the COMEX
• 23:25
  registered inventory at the current rate by the start of
• 23:29
  March, there will only be 85,000,000 ounces in the
• 23:32
  inventory. And we're talking about demand.
• 23:36
  If only 25% of the contracts want delivery of 100 million, If
• 23:40
  50% want, we're talking about over 200 million.
• 23:44
  OK, the math doesn't add up. Even matching last March is 80
• 23:49
  million leaves little for May's rising open interest.
• 23:52
  The bottom line, a crisis is highly likely.
• 23:56
  Look, these things can change, guys.
• 23:58
  They could magically find some silver.
• 24:00
  You know how it goes, right? But the way it is right now, it
• 24:04
  is super. It's a, it's a silver sizzler
• 24:07
  because a crisis could happen at the end of February or March.
• 24:11
  Relentless physical demand is emptying the COMEX vaults faster
• 24:15
  than the system can cope because this is a physical driven rally
• 24:18
  potentially leading to a historic reckoning for silver.
• 24:22
  The paper empire of silver is crumbling.
• 24:26
  Get ready for the fireworks. So think about this within the
• 24:30
  context of hold on here. Wow, guys, we got almost 2000
• 24:36
  people in the basement. We are growing.
• 24:38
  OK. Oh, don't forget to subscribe to
• 24:40
  the channel. We're coming up on 80,000 and I
• 24:42
  don't know why 80,000 subscribers is really special to
• 24:46
  upstairs Susie, my lovely wife who's not here today and myself.
• 24:50
  So thank you. It's a big deal.
• 24:52
  I hope you feel like you found a friend in the basement.
• 24:55
  You're always welcome to join me down here for these broadcast.
• 24:58
  We love this right? And a lot of great friendships
• 25:00
  are made in the community as well.
• 25:02
  Anyway, the Comex, think about, think of whoa, whoa, whoa, whoa,
• 25:05
  whoa, and then we're going to talk about 300 or $500 silver,
• 25:11
  all within the context of what we just talked about.
• 25:13
  But think about what's going on in China with the Chinese
• 25:16
  billionaire. The guy made $3 billion in the
• 25:20
  futures market, betting the gold would go up over the last two
• 25:23
  years. Now this explosion, because he
• 25:26
  went short silver, the regulators are on him.
• 25:29
  Everybody knows about it. At some point he's going to have
• 25:31
  to cover. That's China.
• 25:33
  Think about what's going on at the Comex, right?
• 25:35
  There's potential that it that for when when the March
• 25:38
  deliveries hit that there's going to be some major fireworks
• 25:43
  potential right on the Comex, the paint world of paper silver.
• 25:47
  All the while we know and I don't even have time to, but I
• 25:51
  got I'll share it with you. Maybe tomorrow, I don't know,
• 25:53
  maybe we'll do a Super Bowl halftime live stream.
• 25:57
  But anyway, all over the world, guys in Asia in in Europe,
• 26:03
  there's all this news coming out of Germany from the big German
• 26:06
  wholesale saying we can't get silver, we can't get silver.
• 26:10
  OK, we know things are screwed up in the United States with the
• 26:13
  refiners put it all together, right?
• 26:15
  It's a very, very crazy, crazy interesting time to be in the
• 26:20
  world. The silver, we got news from the
• 26:22
  silver billionaire and then we're going to talk about this
• 26:25
  three to $500 silver and why we think it can happen.
• 26:30
  And hold on here, I'm going to remember to share the screen
• 26:37
  without the lovely help of my wife Susie.
• 26:41
  OK, Dave Bateman, remember him? He's the silver billionaire.
• 26:45
  And gosh darn it, at the so many big stories five months ago,
• 26:50
  this would be the biggest story of the live stream.
• 26:52
  But this is a huge story and I'll tell you why he put this
• 26:55
  out. He said last Friday when silver
• 26:57
  was down 33%, my silver miners were down 11%.
• 27:00
  I sold half my silver miners, lowering my tax set and rolled
• 27:05
  the 170 million proceeds into PSLV.
• 27:10
  Do you know what PSLV is? That's the Sprott Physical
• 27:13
  Silver Trust. It's run by the Sprott Company
• 27:17
  out of Canada and it is 100% backed by real silver.
• 27:21
  Everybody trusts Eric Sprott and you can actually get delivery of
• 27:26
  your silver from this. He basically bought another $170
• 27:32
  million worth of silver, but then wait, there's more today.
• 27:36
  Now he's selling his PSLV in buying 1000 oz bars, another
• 27:44
  almost 2 million oz. OK, if miners and silver rise to
• 27:50
  their mutual peaks, I'll gain 20% extra on the transaction,
• 27:54
  lower my tax bill. OK, good for you David.
• 27:57
  Then raise my silver oz count to almost 14, almost 15,000,000 oz.
• 28:03
  So the US silver billionaire and let's not forget guys, we won't,
• 28:07
  we won't spend too much time on this, but we want to make sure
• 28:11
  we remember there's a David Bateman that's the silver
• 28:13
  billionaire. He's not buying futures.
• 28:16
  He's not buying. He's buying real physical metal
• 28:19
  has 15,000,000 oz. Isn't it interesting?
• 28:23
  It's David, right? David Bateman, the US silver
• 28:27
  physical. I call him the new Hunt brothers
• 28:30
  David verse the paper Goliath in China, Mr. Beyond who shorted
• 28:37
  right 15,000,000 paper ounces of silver.
• 28:41
  It really is a David versus Goliath story.
• 28:44
  Well, I know who I'm rooting for.
• 28:47
  I'm rooting for the real is the guy who has the real physical
• 28:50
  metal. I'm telling you, Bateman's got
• 28:52
  to be careful. JD Vance is going to be knocking
• 28:56
  on his door saying, hey, we need to talk to you about that
• 28:59
  silver. We may need that for the
• 29:01
  strategic metals stockpile that we're now developing in the
• 29:04
  United States. That was the other huge story.
• 29:07
  I mean, everywhere. It's a silver sizzler, guys.
• 29:10
  It's happening everywhere. Next we're going to hear about
• 29:12
  the three. Is the 300 to $500 soon silver
• 29:18
  call in place? Is it still in play?
• 29:22
  OK, by the by the silver Swami himself, the guy who everybody
• 29:27
  has massive respect for. We're going to talk about that
• 29:30
  next. I do want to say thank you to
• 29:31
  1st Mining Gold for sponsoring Ron's basement.
• 29:34
  It's a stock I own long before they sponsored my channel.
• 29:38
  OK. I made videos about him six
• 29:40
  years ago. I love the company.
• 29:43
  They're a developer, a gold development stage company with
• 29:46
  two multi million ounce projects in Canada, a great jurisdiction,
• 29:52
  spring pull in Ontario, Duparque located in Quebec, both of which
• 29:57
  separately have millions of Oz of gold in the ground that the
• 30:01
  big mining companies I think are going to be clamoring for in the
• 30:06
  future. Because the big mining companies
• 30:08
  are #1 printing money number 2, they need to refill their
• 30:12
  pipelines and #3 they want to grow.
• 30:16
  OK, do your own research. I'm not a stock whatever broker.
• 30:20
  I'm not a financial planner. Check it out for yourself.
• 30:23
  You can learn about the company at firstmininggold.com. $300
• 30:28
  silver. Can we get 400?
• 30:30
  Did I hear four $400.00 silver, $500 silver.
• 30:34
  Let's go see what the silver Swami himself is saying.
• 30:38
  But most importantly, I'm going to repeat this for you.
• 30:42
  And there's a reason why this is critical.
• 30:45
  Think about the timing of three to $500 silver.
• 30:49
  I'm not saying it, OK? I would be very happily
• 30:52
  surprised. I don't know how you feel about
• 30:55
  it, but he's talking about this happening by like summertime,
• 31:00
  which for most of us in the United States of America, where
• 31:03
  it's been cold as heck lately, seems like a long time away.
• 31:06
  But it's not that far away. And think about again, and I
• 31:11
  won't say it again, I promise. OK, But this is the silver
• 31:15
  Sizzler tonight. Think about what's going on at
• 31:18
  the Comex like we just talked about, right?
• 31:20
  There might be some stress. Oh, wouldn't that be horrible if
• 31:25
  those people at the Comex got stressed right at the Comex and
• 31:29
  we've got this short paper tiger David versus Goliath, Mr. beyond
• 31:34
  situation. Think about if that transpires
• 31:38
  as it could might, OK, just speculating down here in the
• 31:42
  basement and how that plays into the potential for skyrocketing
• 31:47
  silver prices. So Michael Oliver, I call him
• 31:50
  the Silver Swami as a big compliment.
• 31:52
  That's meant as a compliment was on with Daniela Camboni and she
• 31:56
  was grilling him. I'm just going to play a little
• 31:58
  bit of this about what is happening in the silver market
• 32:02
  and I got to share the right tab, which I am going to wait
• 32:06
  for that to pull up on your screen.
• 32:08
  You know what? We'll go back a little bit and
• 32:11
  see. We'll start about right here.
• 32:14
  Back up late this week and into next week, into the upper 80s
• 32:18
  again on Sulphur. We were up to over 90 the other
• 32:22
  day. So you don't want to go back up
• 32:24
  there again. If you do, then it's over,
• 32:26
  you're going back up OK. And I think that's about to
• 32:29
  happen. But again, I don't think it's an
• 32:31
  explosion back to the high. I could be surprised.
• 32:35
  I think it's more like an arm wrestling match to get back up
• 32:38
  there and probably by March then you're challenging the highs
• 32:42
  again and which? OK, so he said, he says by March
• 32:45
  will be challenging the highs. It's not going to be an
• 32:48
  overnight explosion. It's probably not going to
• 32:50
  happen Monday morning. OK.
• 32:52
  It's going to be an arm wrestle. February's going to be
• 32:54
  interesting. But he's talking about it's
• 32:55
  getting back to new highs by March.
• 32:57
  I won't interrupt Mr. Oliver again.
• 32:59
  Here you go. Game on again.
• 33:01
  In other words, that would have been your midpoint jiggle and I
• 33:05
  still think that the likely massive percent of any gain
• 33:09
  we're going to see and I get, I think it could be in the couple
• 33:13
  coupled to several $100 on silver easily.
• 33:15
  I don't have a precise number will occur by early summer, so
• 33:24
  you put. That range between 300.
• 33:26
  To 500, yeah, like 6 months. If you start November and you
• 33:29
  count the months you get Jan, Feb, March, April, May, June,
• 33:32
  OK, I give or take a month, OK. The same type of events, this
• 33:38
  explosive couple quarters surge also occurred for silver back in
• 33:44
  79 to 80 when it went to 50 bucks in five months.
• 33:48
  You went from you quadruple silver in five months to get to
• 33:51
  50 again. That was within that old.
• 33:53
  So he says, give or take a month or two, that's what he's saying.
• 34:00
  We could see by summer it's going to be super, super
• 34:03
  interesting guys, man, we got so much more to cover.
• 34:06
  I got to go quick. Let's let's have some fun.
• 34:09
  Let's look at what $100 would buy you in silver back of this
• 34:15
  is crazy back in 1970. This is a this is there's a
• 34:19
  powerful message in this video. Hold on one second.
• 34:23
  I'm getting it up for you right now and hold on here full
• 34:32
  screen, All right, and play. In 1970, two $100 would get you
• 34:38
  this 50 ounces of silver. Today for $100 we have to take
• 34:44
  away this 10 oz bar, this 10 oz bar, this 10 oz bar, and this 10
• 34:48
  oz bar. Remove this 2 ounce bar, this 2
• 34:52
  ounce bar, this 2 ounce bar, and this 2 ounce bar.
• 34:58
  Take away this 2 ounce bar and replace it with this one ounce
• 35:01
  round. So, yeah, do you think it's hold
• 35:10
  on here, do you think it's safe to say that silver maintains its
• 35:14
  value? I do.
• 35:17
  But guys, the basic fundamental, the reason, the reason why we
• 35:21
  remain so optimistic about silver is the simple fact,
• 35:25
  right, that the the basics of supply and demand, there's more
• 35:30
  silver being demanded being consumed every single year than
• 35:34
  is being supplied to the markets.
• 35:37
  It's almost been 10 years since the amount of silver coming out
• 35:42
  of the ground has been slowly going down, down, down, down,
• 35:45
  down, down. And Phillips Baker, former CEO
• 35:48
  of Hecla Mining, recently was on record saying that he thought
• 35:52
  that it would be 20-30, which is 4 years from now, not like March
• 35:57
  when the COMEX is going to have big issues, but that it would be
• 36:00
  20-30 before the mining sector would be able to turn that dial
• 36:04
  up enough that they would actually start increasing silver
• 36:09
  production. I mean, it, it's, it's just
• 36:11
  incredible what we are living through right now and what we're
• 36:15
  experiencing. And at the same time, you've got
• 36:18
  these situations in China situations India, right?
• 36:22
  India guys, I'll say it one more time.
• 36:24
  India imported one out of every 4 ounces of silver that the
• 36:29
  mining sector was able to create during 2025.
• 36:33
  Think about that. And it's, it's, it's the end of
• 36:38
  the paper markets, very likely. You never know though, right?
• 36:42
  Remember, they can be very, very, very, very tricky.
• 36:45
  But it's not just silver, but the what's, what's, what's
• 36:49
  incredible. And we're in a very, very good.
• 36:52
  There's a very, there's a big reason why we're in a very good
• 36:55
  spot with silver and with gold as well.
• 36:58
  And it's very simply this, yeah, they manipulated the price and
• 37:02
  we'll focus on silver down for decades and decades, right?
• 37:06
  The Comex and the LBMA, we got the, we, we looked at the,
• 37:09
  there's a, a, a memo that was leaked from 1974 where they
• 37:13
  basically said we're going to create a futures market so we
• 37:16
  can, we can make the price swings and silver and gold crazy
• 37:20
  so that the general public is scared of it and doesn't want to
• 37:23
  invest in it, right? We know that's been going on,
• 37:26
  but because, and we know that there were several judgments by
• 37:31
  courts of law, including I think it's a what, a $920 million fine
• 37:35
  that JP Morgan paid for manipulating the price of
• 37:39
  precious metals. But the important thing, the
• 37:42
  reason why we talk about that is, is that because of that, it
• 37:47
  discouraged investment in exploration and development for
• 37:52
  new metals deposits. So there's been, especially with
• 37:55
  silver over the last 20 years, very few people, only the
• 38:00
  visionaries. I had the Jim McDonald on from
• 38:02
  Kootenai Silver the other day, right?
• 38:04
  Who's been out exploring for silver, Sean Koon.
• 38:07
  Koon Galen McNamara from silver 47 These are just look at what
• 38:13
  Keith Neumeyer has been doing with silver.
• 38:15
  These guys were visionaries. They were like you us if you've
• 38:18
  been around for a while that were that were into the silver
• 38:21
  market when nobody else was around, right?
• 38:25
  Nobody else was around. And as a result, now, right, the
• 38:28
  discoveries are going down. I'm going to show you some data.
• 38:32
  That's crazy. OK, Nobody wanted silver.
• 38:36
  Oh, and I apologize to everyone because I've been getting a lot
• 38:38
  of emails complaining that I haven't done the sheep noise.
• 38:43
  But you know what it was like. Think back five years ago.
• 38:46
  If you're new, that's great. Congratulations.
• 38:48
  Your timing is awesome. But a lot of us have been in.
• 38:51
  I've been in the silver and gold for 20 years.
• 38:55
  OK? We know what it's like to walk
• 38:57
  through the valley of doom. It's and there's there were very
• 39:00
  few of us walking together. I heard somebody once say that
• 39:04
  the people that were invested in trading junior gold and silver
• 39:09
  mining stocks that you could fit all of us inside of a high
• 39:13
  school gymnasium. OK.
• 39:15
  Our neighbors who we like to affectionately refer to as the
• 39:19
  sheeple, right? They weren't with us.
• 39:23
  They laughed at us. They're not laughing.
• 39:25
  Now when you look at that, the performance of silver and the
• 39:29
  performance of gold over the course of this year in the
• 39:31
  recent past, it's incredible. But the big point here is that
• 39:35
  there's not a a new supply of the metals that's going to be
• 39:40
  coming onto the market. There's not a boom that's going
• 39:44
  to occur. And this is shocking to look at.
• 39:47
  This came from Tavi. Hold on, here is this it?
• 39:52
  I got to find it. Yep, here it is.
• 39:56
  And this came from Tavi Costa. For the first time in recorded
• 40:01
  history, global data show 0 gold discoveries in two consecutive
• 40:08
  years. This has never occurred before.
• 40:11
  And this is not unique to gold. Major discoveries across most
• 40:16
  metals have fallen into the single digits.
• 40:19
  With no meaningful projects and pipeline capable of materially
• 40:24
  altering the global supply curve, that means there's not
• 40:27
  there's not some nobody found a massive resource of gold or
• 40:32
  silver in the last number of years.
• 40:35
  This is the real barometer of where we are in the mining
• 40:38
  cycle. And look at this, guys, just
• 40:40
  look at this, OK? That's what he's talking about
• 40:44
  right there. Hold on, hold on.
• 40:48
  Let's fix that. All right, right there, 00, I'm
• 40:53
  going to erase that so you can see it again.
• 40:56
  Zero major discoveries in two consecutive years.
• 41:00
  This has never happened before. OK?
• 41:03
  That's the future supply. This is of gold.
• 41:06
  OK? Major discoveries worldwide.
• 41:09
  I mean, look back, look at 2006. There were 22, OK, look at what,
• 41:15
  1995? There were 28.
• 41:18
  Look, now there's 000. And that same chart will
• 41:23
  basically hold true for silver as well.
• 41:28
  I think we're sitting really, really pretty.
• 41:31
  I want to thank everybody who came in here and joined us
• 41:33
  tonight. Really awesome.
• 41:35
  I got some super chats. Susie's not here to help me.
• 41:38
  Old ODBG is here. Old dirty bastard garage.
• 41:44
  He's an old school basement dweller.
• 41:46
  Thank you ODGODBG. It's great to see you I've
• 41:50
  always said he's got the best username on YouTube.
• 41:53
  Our friend cold Steel 8869. Thank you so much for the Super
• 41:58
  chat thank you and Brian Wells flock 1990.
• 42:02
  Thank you. I appreciate you guys OK, please
• 42:05
  if you could subscribe to the channel we're trying to get to
• 42:08
  80,000. I don't know why, but to me that
• 42:11
  seems like a really cool big deal.
• 42:13
  But the the real cool big deal is when you decide to give your
• 42:16
  time to come down here in the basement.
• 42:18
  We are in for some wild, and I think wild good times.
• 42:22
  I am as confident now about the future of gold, silver and the
• 42:28
  precious metal mining socks is I've ever been in my life.
• 42:32
  OK, I feel like we have. We've crossed the Rubicon.
• 42:37
  We've had a watershed moment, but the weather pattern has
• 42:41
  changed. However we want to say it guys,
• 42:43
  we are in for some good times. I look forward to sharing them
• 42:46
  with you. OK, have a great weekend.
• 42:49
  I don't know if I'll be on tomorrow or not, but take care,
• 42:52
  be good and I'll see you. Yes, you.
• 42:55
  Thank you. I'll see you next time.