Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 💥 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: Surviving Global Economic Shifts | RONS BASEMENT

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
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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
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the Shanghai Gold Exchange right, 8151.
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If we go to their futures exchange wrong 1 hold on here,
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bear with me silver on the Shanghai futures exchange,
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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
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Shanghai gold exchange and there it is on the Shanghai futures
12:35
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.
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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
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18:28
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Thank you, thank you. Thank you First Mint for
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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.