Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER STACKERS 🚨 URGENT! 🚨 - It is HAPPENING - Massive NEWS for GOLD & SILVER Price!

Transcript

SILVER STACKERS 🚨 URGENT! 🚨 - It is HAPPENING - Massive NEWS for GOLD & SILVER Price! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  After historic moves in the precious metals markets last
• 0:03
  week, gold at all time highs, silver pushing up towards $34
• 0:09
  per oz. We need to jump on here.
• 0:12
  It's Sunday night, the markets are open.
• 0:15
  I was very petrified that we would have an opening price,
• 0:19
  maybe down a dollar per oz and silver, but we want to follow
• 0:23
  what's going on. Let's run out right now guys,
• 0:26
  the Kitco and see what they are quoting.
• 0:29
  The live silver spot price at. Oh boy, isn't this a relief for
• 0:35
  us silver investors, $33.85 I'm going to press the refresh
• 0:40
  button here just to make sure. Yes, we are still $33.85.
• 0:47
  That's the bid. The ask is $33.95.
• 0:51
  So we can pretty much say right now that the silver price is
• 0:55
  it's up $0.20 an ounce. Actually.
• 0:58
  I mean, remember not too long ago, like two years ago, if we
• 1:02
  had a day when silver was up $0.20 an ounce, we were
• 1:05
  celebrating, OK? And my real fear was that
• 1:09
  tonight was going to be a massive smashdown of the paper
• 1:14
  price of silver and gold for that matter as well.
• 1:18
  We can get an update on gold here.
• 1:19
  Up $2.00 per oz. The bid price right now, $2722
• 1:26
  now again, that's the spot price.
• 1:29
  Let's run out and take a look at that.
• 1:32
  I share the screen with you guys.
• 1:33
  Yes, I did. Let's go out and take a look at
• 1:37
  the futures price will go to Yahoo Finance this.
• 1:40
  So the spot price is the immediate price.
• 1:43
  The futures price will fee for December.
• 1:48
  We can see their golds OK silver.
• 1:50
  I like silver with a three and a $434.09.
• 1:59
  This is the Comex OK delayed price.
• 2:02
  So it's off by oh, looks like 10 minutes.
• 2:06
  It's 10 minutes from 10 minutes ago, so 10 minutes ago, which
• 2:10
  close enough for government work.
• 2:12
  We had the silver price at $34.08.
• 2:16
  Woo wee. And since we're here, let's go
• 2:19
  ahead and pull this chart up. It that's a relief.
• 2:22
  Are you feeling relief? Because it really felt to me
• 2:25
  like I know everything's lined up for the silver squeeze.
• 2:28
  Everything's lined up for this price to shoot higher.
• 2:32
  But it I really, and it looked the night's not over.
• 2:35
  Who knows what silver's going to look like in the morning.
• 2:39
  Be prepared for anything, guys, but also know that US silver
• 2:44
  holders and gold holders for that matter, are prepared for
• 2:47
  anything. I'm really going to try to pay
• 2:49
  attention to the chat tonight. If you have any specific
• 2:52
  questions, please look at the two year chart.
• 2:56
  Please leave them in the chat and I tell you what type like
• 2:59
  four question marks, OK, if there's anything that you
• 3:02
  specifically would like me to address, but there's the 1:30,
• 3:06
  $4.06. This is fun, huh?
• 3:13
  We're having a good time. Basement dwellers.
• 3:15
  How's everybody? 300 people.
• 3:17
  I just hopped on here to say hello.
• 3:20
  And you guys are filling up the basement very quickly, and
• 3:23
  that's a big honor. You chose to be here.
• 3:25
  Spend your time with us in the basement.
• 3:28
  Thank you, thank you, thank you. Please subscribe to the channel.
• 3:33
  It's still free for now, you can get the lifetime free
• 3:38
  membership. Leave a comment in the comment
• 3:40
  section. Don't forget, guys, if you have
• 3:43
  a question or anything, I'm going to try to scroll through
• 3:46
  anything that you want me to answer specifically.
• 3:50
  I'm going to really try to keep an eye.
• 3:51
  This will be more of an interactive live stream, but
• 3:53
  we're going to keep a very close eye on the live silver spot
• 3:58
  price. I see Jake from Jake's custom
• 4:00
  parts put in here. Where was it about the Shanghai
• 4:05
  opening? Oops.
• 4:06
  Hold on here, guys. Hey, Don, thank you for that
• 4:10
  super chat. That is awesome.
• 4:12
  I thought I saw Jake put something in there about the
• 4:14
  Shanghai exchange. Opens in 1 1/2 hours, right?
• 4:18
  OK. So that'll be about 8:00 PM
• 4:20
  Central. 7:00 PM Eastern. It's going to be crazy to see
• 4:25
  what happens in the Shanghai market with bull silver and
• 4:30
  gold. But again guys, we are sitting
• 4:32
  pretty for right now. Let's go back out kick to one
• 4:38
  more time. We'll refresh it and we'll keep
• 4:40
  an eye on this tonight. OK, we're still up $0.15 in
• 4:45
  silver. Now we got let's get the
• 4:47
  basement dweller magic quality going here.
• 4:49
  Let's see if we can't get the the ask price above 34 by the
• 4:54
  end of this live stream. So how's everybody doing today?
• 4:57
  Thank you for being here. I know I understand there's so
• 5:01
  much going on in the world in the world of precious metals.
• 5:05
  So it's a big ideal to me that I remember to put myself on the
• 5:09
  screen so you can see me when I say this to you.
• 5:12
  Thank you for being here. It's going to be a, Oh my gosh,
• 5:17
  I just remembered something. See the light from above.
• 5:26
  I remembered something very important.
• 5:29
  It's going to be the biggest week coming up in the history of
• 5:33
  precious metals. Are we prepared?
• 5:36
  And we're going into this week with darn near when the futures
• 5:39
  market, we can say we do have $34 silver.
• 5:42
  But this is the bricks week, man, is it going.
• 5:45
  Who knows what we're going to hear out of these bricks
• 5:47
  countries. It's going to be super exciting.
• 5:51
  I want to get to the comments here.
• 5:53
  Hello, Sparky. OK, there's the Cisco Traveler.
• 5:56
  Conrad, Dave P. Hey, and thank you, Don Howe.
• 6:00
  Let's pull him up. Don Howe.
• 6:03
  Howe, we appreciate the Super chat.
• 6:05
  Good evening, everybody. Jake's pizza party incoming.
• 6:09
  Jake loves his pizza. Thank you, Jake, for being here
• 6:11
  and for your work moderating on the channel.
• 6:15
  What would coin dealers give though?
• 6:17
  OK, blah, blah. Another Don Howe.
• 6:20
  Wow. Will you tell Taline?
• 6:25
  Taline. OK, Taline.
• 6:29
  And I'm not just saying this because Don's bribing me.
• 6:31
  You look pretty tonight. You look beautiful tonight.
• 6:35
  Welcome to the basement, Taline. Hope I pronounced that
• 6:38
  correctly. I know, Don.
• 6:41
  You're all. He's always telling me how
• 6:43
  beautiful you are and how lucky he is.
• 6:44
  So hello, Taline. Thank you.
• 6:47
  Hi, Ron. Love your show.
• 6:48
  If gold is revalued much higher in the future, will the ETFs for
• 6:53
  SLV or GLDA? Lot of people there think
• 6:57
  there's risk with these ETFs, especially the GLD and the in
• 7:02
  the SLV, the American, the major, I think they're they're
• 7:05
  run by BlackRock. There's suspicion that they are
• 7:10
  maybe don't hold. OK, I'll speculation.
• 7:13
  Some people have really dug into it.
• 7:15
  I don't, but I'll call it speculation that those ETFs
• 7:19
  don't really hold all the physical metal that they
• 7:23
  purport. Now to the contrary, the PSLV,
• 7:27
  the Sprott Physical Silver Trust, there's kind of an
• 7:30
  opposite opinion of that within the silver community that that's
• 7:34
  that's out of Canada and that they absolutely do own all the
• 7:40
  metal that they purport to own. Like if people buy, they're
• 7:43
  called units, not shares. You buy a unit, they buy the
• 7:46
  physical metal. So yeah, the we could see if
• 7:50
  the, if the market breaks, right, if the COMEX breaks, we
• 7:54
  could definitely see big problems coming through with the
• 7:58
  ETF. Hi, man.
• 7:59
  Hey, there's ODBG, old dirty bastard Garage.
• 8:04
  It's still my favorite. OK, Silver Jake.
• 8:06
  Yes, I'm trying to make sure there's no remember.
• 8:09
  Guys, if you have something that you want me to address that you
• 8:12
  want to ask the community. Woah, thank you.
• 8:14
  Did you ever find out if Chinese people pay a premium?
• 8:18
  Yes, they do pay a premium. OK, there's I did ask several
• 8:25
  people and they do pay a premium.
• 8:27
  A premium over what we consider the spot price here in the
• 8:31
  United States. They're paying that.
• 8:34
  And when they buy their silver from their shops online, they
• 8:37
  are indeed paying a premium as well.
• 8:40
  And there's a big online, there's they don't have Amazon
• 8:44
  in, in China, they have, I forget what it's called, darn
• 8:47
  it. It's a big, it's their
• 8:49
  equivalent of Amazon.com. Even when they buy on that
• 8:53
  they're still paying a premium from what I understand though,
• 8:56
  they do not pay a big value added tax like people in London
• 9:01
  and around the world do gym. So they do have a premium at
• 9:05
  that's the best and I'm still digging in more to try to get
• 9:08
  some additional data on that and if anybody can help in the chat
• 9:13
  as well, that would be awesome. But but just the, if you think
• 9:19
  about this, just what they're selling silver for on the
• 9:23
  Shanghai Gold Exchange, which is their physical market, it's,
• 9:28
  it's always selling now for like 10%.
• 9:31
  It's been as high as 15% higher in the past.
• 9:34
  The Shanghai, we look at it all the time here.
• 9:37
  We'll just run out quickly and take a look.
• 9:40
  We don't have data from tonight, obviously, but if we go to X,
• 9:46
  let's see what the most recent data is on the Shanghai Gold
• 9:49
  Exchange. I believe it was from Friday.
• 9:52
  And we go to the Oriental Ghost. Thank you for that super chat
• 9:55
  too, Jim. By the way, there's Wall Street
• 9:57
  Gold just opened up moments, moments ago and pushed over $34
• 10:02
  per oz. Let's go silver.
• 10:05
  That's not what we're here for. We're here for the Oriental
• 10:08
  Ghost and let's go down to well, what's this?
• 10:14
  Industrial capital's been manipulating silver prices in
• 10:17
  early Asian trade at trading to meet China's supply contracts.
• 10:22
  Now industrial capital bears have fallen into big losses.
• 10:26
  Industrial capital must accept a doubling of silver prices as
• 10:30
  they are non renewable natural resources.
• 10:34
  This is from Thailand. OK, gold hits a Thai, a Thai
• 10:39
  record amid global term turbulence.
• 10:42
  I've got a great friend who was my next door neighbor, Brian
• 10:46
  Anderson. He lives, he's lived in
• 10:48
  Thailand, now Bangkok, for 20 years.
• 10:50
  He's the president of the Rotary Club.
• 10:53
  I say Lions Club. Great guy, does a ton of
• 10:56
  fundraising for hospitals gets anyway, he says the people in
• 11:01
  Thailand are crazy, absolutely crazy about gold and you know,
• 11:07
  and they always kind of have been.
• 11:08
  It's so different over there. But in Thailand we have a new
• 11:11
  record price. Excuse me, Russia to push the
• 11:16
  new payment system. OK here, Jim, this was Friday's
• 11:20
  close in in China 34. This is the Shanghai.
• 11:26
  Shanghai. I emphasize the high because the
• 11:28
  price is always higher. The Shanghai Gold exchange price
• 11:32
  was 34. This Is Us dollars just on their
• 11:35
  on their big exchange. So now retail investors are
• 11:39
  going to pay an additional premium above.
• 11:41
  This is what I was told, not significant, kind of like here
• 11:44
  in the United States, probably a dollar or two per oz.
• 11:47
  But this was Friday morning, OK, This was their price.
• 11:51
  When our price was like $32 per oz 31, maybe 3168.
• 11:59
  It was about $3 higher in overnight trading.
• 12:03
  Again, this was Friday morning. So it shows you that number one,
• 12:07
  Chinese consumers are paying a higher price for silver.
• 12:10
  But #2 on top of that, there is a bit of a of a premium that's
• 12:15
  included as well. We're going to keep a close eye
• 12:18
  on that. Thank you guys.
• 12:19
  This has been, this is crazy. Let's go back out and take
• 12:22
  another look. Come on, silver, OK, up $0.13.
• 12:27
  That's all right. That's OK.
• 12:29
  OK, Gold up $2.70. What else is happening out
• 12:33
  there? Let's go to the comments and see
• 12:36
  if I've missed any questions. Remember guys, all 700 of you,
• 12:40
  if you, if you have a question or something.
• 12:45
  You want me to. Wow, Jim, thank you again for
• 12:48
  that super chat and thank you, Don.
• 12:51
  Jim, if there's anybody you want me to say looks pretty.
• 12:53
  I think you look pretty. Please let me know in the chat
• 12:58
  or I'll even sing a song. That's a good way for me to lose
• 13:01
  subscribers. Teamu.
• 13:03
  No, it's not Teamu. It's not Alibaba.
• 13:06
  Alibaba's huge. There's another one.
• 13:08
  Hold on, is it Baidu? It's it's the IT is the
• 13:14
  equivalent of Amazon in China. Thumbs up, thumbs up.
• 13:19
  Thank you guys for all the thumbs up.
• 13:21
  That does help. All right, we got, we got some
• 13:23
  interesting little things to look at here.
• 13:25
  Here we go. Steven B says OK, at the what is
• 13:30
  that 26 LB spot price in UK physical silver is $31.00 an
• 13:35
  ounce and that is before any premium is added.
• 13:39
  However, coins from the Royal Mint are considered as money and
• 13:43
  our capital gains exempt. And I know in a lot of places in
• 13:47
  Europe, on top of that, they'd have to pay what's called the
• 13:49
  VAT of value added tax. Wow.
• 13:53
  We got futures, Jake says silver of $0.86 in the futures market.
• 13:58
  This is good, guys. This is good because because
• 14:02
  what we're not seeing, OK, what we are not seeing is a massive
• 14:07
  drawdown in the silver price, which is what we were all afraid
• 14:12
  of here. It looks like Phillip has a
• 14:14
  question. He says.
• 14:17
  Do you think this is the breakout you've been speculating
• 14:20
  With Bricks meeting in two days now, it's almost impossible not
• 14:24
  to think it will explode. Yes, here, I wrote this down.
• 14:28
  All right, I'll just tell you guys, in my mind, this is how I
• 14:31
  see what's happening right now. I think we have about a 40%
• 14:35
  chance that we will just continue to go up from here.
• 14:39
  Just about a 40% chance of that happening long term.
• 14:43
  I'm 100%. But let's say in the next week
• 14:45
  or two or three, 40% chance that we have no pull back and we just
• 14:49
  go up and up and up. And then two or three weeks or
• 14:52
  days or next weekend we're talking about 363738 dollars
• 14:58
  silver, 40% chance of that. I think there's about a 30%
• 15:01
  chance. I watched a great video tonight
• 15:03
  by The Silver Hermit. I really like and he brought up
• 15:07
  a good point and this is this is what this is another we're in
• 15:11
  really good shape. OK, silver investors that we
• 15:15
  could have, you know, silver has has broken above.
• 15:18
  Let me let me pull this chart up and and give you the second
• 15:21
  scenario of what I think could happen.
• 15:24
  Let's see if I can see this on a one month chart.
• 15:27
  OK, so you know what, let's go to three months, make sure I got
• 15:33
  you guys on the screen, which I do, OK?
• 15:36
  So I'm going to draw a line here, $32 was the line in the
• 15:42
  sand. We talked about that
• 15:44
  exhaustively. Then that would be, let's say
• 15:47
  about right was about, yeah, it's not good.
• 15:51
  Hold on. That would be about right here,
• 15:55
  OK? There's that 32 level.
• 15:57
  OK, So as we go out into the future, we obviously broke well
• 16:02
  above it, $34. Yes, there's the futures price,
• 16:07
  guys. December silver is up $0.83 an
• 16:12
  ounce. Lot of people just look at the
• 16:15
  futures price. That is crazy.
• 16:18
  I can't believe it. OK, back to Silver Hermit.
• 16:20
  He brought up a great point, right?
• 16:22
  So for so long we've battled, you know what, hold on here.
• 16:26
  I'm going to show this to you in a better way.
• 16:28
  I apologize, guys. We'll do a one year.
• 16:31
  Here's a one year chart. Let's get out the crayons and
• 16:35
  there we go. We're going to do lines because
• 16:37
  I can't draw a straight line to save me.
• 16:40
  There's the $32 mark. That's actually 3250, but you
• 16:44
  get the point. Shoot, here's $32 mark.
• 16:50
  Try that again. OK, we're going to go all the
• 16:54
  way over there with it. We're going to move this out of
• 16:56
  the way. OK.
• 16:58
  So look, we've talked about this 16 zillion times, right?
• 17:03
  We, we, we tried to get through 32.
• 17:05
  We tried to get through 32 back in May, June, we kind of tried
• 17:08
  during the summer. We went down #2650.
• 17:12
  I missed my opportunity to buy more silver.
• 17:14
  Like I said, I was going to shame on me. 2650 twice we got
• 17:20
  down there, guys. That's like $8 lower than where
• 17:23
  we are right now. I digress.
• 17:25
  We came back, we tried again, but September, October, we just
• 17:30
  broke through. So we're either option #1 going
• 17:34
  to continue higher like that. OK, Up, up and away.
• 17:39
  See if I can draw an arrow for you guys.
• 17:41
  That's option number one. OK, Anyway, option #2 would be
• 17:48
  that we do get a pullback, OK, And we go back down to that
• 17:53
  line. That line was the resistance
• 17:57
  that we had to breakthrough all these times we broke through it.
• 18:01
  Once we breakthrough it like that, that resistance now
• 18:05
  becomes what they call support. Meaning for it to go back
• 18:09
  through 32, there'd be a lot of people who'd be saying, oh man,
• 18:13
  silver's at $32 again. I got to buy some, I got to buy
• 18:16
  some, I got to buy some. So there'd be a lot of buyers in
• 18:19
  this range. And it would, again, shoot the
• 18:22
  price back up. OK, that's option #2 I don't
• 18:27
  think I can draw it to no. Anyway.
• 18:31
  We'll just leave that alone. So this arrow is option number
• 18:34
  one. We just keep going up.
• 18:35
  This arrow is option #2 we pull back the $32 again.
• 18:41
  It's going to, it can happen. It could happen, right?
• 18:44
  That'll be option #3 but we pull back.
• 18:46
  There's so many people we're going to buy at that level.
• 18:49
  Technical traders, just average people that say I want to get my
• 18:53
  before it's too late and we go back up.
• 18:55
  Option #3 obviously would be that we go through here, I
• 19:00
  think, and go down. You know, I tell you what, at
• 19:04
  this point, if we go down to 28 bucks, I'm loading up the truck
• 19:09
  again. I think that the odds of this
• 19:11
  happening are about 40%. The odds of this happening about
• 19:15
  30% in the odds of this happening are about another 30%.
• 19:20
  Boy, that took a long time for me to draw on the screen with
• 19:23
  some crayons. But that's how I see it, and
• 19:26
  that's what a lot of the of the technical people that I follow
• 19:30
  see it happening as well. OK, let's see here.
• 19:35
  Did I miss somebody? Thanks again, Jim.
• 19:38
  Wow, Leanne. Super chat.
• 19:40
  Whoo, Leanne Gog. I bought silver from Pymbex
• 19:44
  today. Wow, that's awesome.
• 19:46
  Thank you, Leanne. Thanks for sharing that.
• 19:48
  And I got a super chat out of it.
• 19:50
  Thank you. Thank you.
• 19:51
  Thank you. Yeah, I love Pymbeck.
• 19:52
  Let's go check out Pymbex real quick and just see what they're
• 19:56
  showing in terms of the price right now.
• 20:03
  And hold on here. There we go.
• 20:09
  OK, hey there. Hey guys, I'm still on the
• 20:12
  screen, but I'm going to pull up pinbacks and let's just see
• 20:16
  what's going on. According to them, we're going
• 20:18
  to press the pinbacks magic button.
• 20:21
  OK, They have silver down $0.10 from they use a different
• 20:25
  pricing. They're they're very maybe just
• 20:27
  a few cents it seems over spot. Let's go check out the spot
• 20:30
  price and OK, we're up 12 cents. 3389 is the ask and the bid is
• 20:42
  3379. Pembex has silver right now at
• 20:46
  3384, which is interestingly right in the middle.
• 20:50
  So I guess now actually, I think we just figured that out.
• 20:53
  Their quote 3384. Let's do it again.
• 20:59
  Don't quote me on this 3380. OK.
• 21:03
  And we have over here, we'll do a refresh on the silver price.
• 21:11
  Yep, right, basically right in the middle.
• 21:14
  So come on silver stay green. We want to see green guys in
• 21:19
  that column. Yes, thank you.
• 21:21
  Thank you, Leanne. And, and you know what Leanne,
• 21:23
  people like you are the reason why I feel so great about being
• 21:27
  sponsored by Pembex because I know that they've done great by
• 21:31
  me and I know that they're doing great by the basement dweller
• 21:34
  community, each one of us at a time.
• 21:37
  So thank you PMBEX for sponsoring Ron's basement.
• 21:40
  Ultra competitive pricing, great selection and, and a company
• 21:45
  that you can trust in my opinion.
• 21:47
  OK, find out for yourself. I'm never going to tell you what
• 21:50
  to do, but I think PMBEX really is great and I feel great about
• 21:54
  recommending them to our base. 900 people.
• 21:58
  Wow. On a Sunday night.
• 21:59
  This is awesome. Unbelievable, unbelievable.
• 22:03
  As we keep up on the silver price, let's make sure we don't
• 22:06
  have any more urgent questions. OK?
• 22:11
  Remember, if you really want to get my attention, type four or
• 22:14
  five question marks. 1st 36 dollars silver tonight.
• 22:18
  We like what you're thinking, Jake.
• 22:20
  OK, we like there's Leanne. Thanks again, Leanne.
• 22:23
  Thanks, Jim. Thank you guys.
• 22:25
  This is awesome. I bought Mercury Dimes on
• 22:28
  Friday. Yeah, You know, I was talking to
• 22:30
  Coin Shop Chris earlier. I have these 19.
• 22:33
  What are they? 1965 to 19, 69, half dollars.
• 22:40
  They're 40% silver and I was buying them for like $3 each,
• 22:47
  $3.50 each and now they're worth like 5 dollars 550 each.
• 22:52
  The constitutional silver. The 90% silver will likely be
• 22:56
  some of the 1st to go. Let's go out and get some
• 22:58
  updates on what's going on in the world.
• 23:03
  Always fun to check out what people are saying on Twitter.
• 23:06
  Here's William Middle coop, right?
• 23:08
  The one and only William Middle Coop and he's he's drawing the
• 23:12
  silver chart. We got to do our daily cup and
• 23:15
  handle guys. Look, OK, look, here we go.
• 23:20
  We there's the Cup and there's the handle, OK, And we're about
• 23:27
  right here and we get through 50.
• 23:30
  It's off to the races. I mean, it is so super exciting.
• 23:34
  What's going on there? The other thing to remember is
• 23:39
  that within this cup and handle, there's like, well, there was
• 23:41
  like descending wedge pattern that we broke out of.
• 23:45
  But what's really critical if you look right here, it's an up
• 23:48
  down, upside down head and shoulders pattern, which is
• 23:51
  this, right? OK, an up down a head and
• 23:54
  shoulders pattern is a shoulder, a head and a shoulder.
• 24:00
  And this part, that blue line there would be the neckline.
• 24:04
  And when those break out, they also break out.
• 24:07
  And that if you look here where my cursor is, I'll try to draw
• 24:10
  it. But we got a shoulder, a head
• 24:14
  and a neck. OK.
• 24:17
  So thank you, William, for that. Let's go look at the next one we
• 24:20
  got here. Chris Marcus.
• 24:22
  This was from a while back. Silver futures again, over $34
• 24:29
  an ounce. Let's go back and look at the
• 24:30
  silver's futures price. We got to stay on top of this.
• 24:33
  Let's get rid of all my drawing and let's go back to silver.
• 24:38
  All right, let's look at gold in the futures market.
• 24:44
  What a wow. This is interesting look at gold
• 24:49
  up $9 per oz already in the futures market.
• 24:52
  Again, that was 10 minutes ago. Let's see if we can get silver
• 24:56
  to pull up here. Unbelievable.
• 25:03
  Silver still up $0.82 in the futures market.
• 25:07
  Wow, guys. I mean, we could be live.
• 25:10
  This could be it. We could be living through like
• 25:14
  the Silver squeeze. And I was talking to Susie and
• 25:18
  I, we had to go on a picnic today.
• 25:19
  We were in the car and she was reading some of the comments to
• 25:21
  me. We always read all the comments.
• 25:23
  Thank you, thank you. And I said and, and I was like,
• 25:26
  this could be it. And I told her.
• 25:28
  She said nobody's really talk. Very few people are talking
• 25:32
  about the silver squeeze. Think about that.
• 25:43
  I said nobody's talking about it.
• 25:45
  And that isn't that in life. Have you experienced that?
• 25:48
  Like a lot of times it's like if you're waiting, waiting,
• 25:52
  waiting, like, oh, the silver squeeze and everybody's waiting.
• 25:55
  It never happens. Like if you're expecting and,
• 25:59
  and it seems like we're like the, I don't hear many people
• 26:01
  talking about the silver squeeze anymore.
• 26:04
  We know there's this massive short position, right?
• 26:07
  But could we have the silver squeeze?
• 26:09
  Let me show you a picture of why we could have this, a couple
• 26:12
  pictures why I know we could have the silver squeeze.
• 26:15
  Hold on here, let's go. We haven't looked at this in
• 26:20
  like 2 weeks, right? Exter's pyramid, this was made
• 26:23
  by John Exter. He worked for the United States
• 26:25
  Federal Reserve. He just died like 10 or 20 years
• 26:28
  ago. Guys at the bottom, he argued
• 26:32
  this was a guy who worked for the New York Fed, I believe it
• 26:34
  was in one of the Fed banks. He argued gold and silver, right
• 26:39
  when, when that money, gold and silver are the base of all
• 26:42
  money. It's an upside down pyramid and
• 26:45
  it at its base is our gold and silver.
• 26:48
  And that when we have derivatives, all that stuff, you
• 26:52
  know what, just we need like 1/2 of 1 millionth of a percent of
• 26:57
  any of this money to flow into gold and silver.
• 27:02
  Excuse me. And we are going to have like
• 27:05
  multiple time returns in the price of the metals, the mining
• 27:09
  stocks as well. That's that's one of the
• 27:11
  reasons. Another reason.
• 27:15
  Hello, Chris Marcus. Goodbye, Chris Marcus, Jesse
• 27:19
  Colombo, right, the guy from the bubble.
• 27:21
  Bubble report. Silver futures opened up with a
• 27:24
  nice pop on strong volume. That's important to kick off the
• 27:29
  week's trading. More short covering, perhaps.
• 27:33
  OK, because people are talking about.
• 27:37
  People are talking about, not them starting more to talk about
• 27:43
  this massive short position and how it could result in a silver
• 27:46
  squeeze. Nostra House of Gold has
• 27:49
  something just sets it right out here.
• 27:51
  Silver is about to do a nickel. OK, few understand this guys.
• 27:57
  It was just a short time ago on the London Metals Exchange,
• 28:01
  right? The same place where silver and
• 28:03
  gold, same thing. Nickel, the nickel market broke.
• 28:07
  There was a short squeeze, an epic short squeeze for the ages
• 28:11
  in the nickel market. It can happen in the silver
• 28:14
  market, no doubt about it. They and they they had to shut
• 28:19
  the market down. They had to cancel trades.
• 28:22
  It was a complete, you know what show, OK, we're in the same
• 28:28
  situation with silver, even more precarious.
• 28:31
  I mean, we get reports of the size of the short anywhere from
• 28:34
  about 300 million oz up to 700 million ounces of shorts in the
• 28:39
  silver market, 700 million ounces to 300 million oz.
• 28:45
  That's like pretty much anywhere between a third and 80% of the
• 28:52
  world's silver production. It is a big, big deal.
• 28:56
  OK, All right, all right, here we go.
• 28:58
  What's shortstop saying here? Shortstop at the pool.
• 29:02
  Shortstop on pool. A lot of people are bag holding
• 29:06
  35 to $50 silver from 15 years ago.
• 29:10
  Will they continue to hold wishing for $50 silver or again,
• 29:15
  I don't? I appreciate your comment, OK my
• 29:18
  friend, but I really, I don't agree with you on that.
• 29:20
  I don't agree with you because we've talked about this and I've
• 29:24
  talked about it with some other people.
• 29:25
  Let's go. And it's hard for me to do this
• 29:28
  on the fly, but if you look at a long term chart of silver, the
• 29:34
  amount of time that it's spent between $35 and $50.00 in 1980
• 29:41
  and in 2011 over the big period of time, it was a very, it was
• 29:48
  like 2% of the last 50 years that silver was anywhere above
• 29:54
  $35 per oz. Right now, where the silver
• 29:57
  price sits right now is a 12 year high.
• 30:01
  So I would argue that number one, there weren't a lot of
• 30:04
  people that bought silver at $4550 per oz, hardly none like
• 30:11
  retail investors. A lot of that was hello, Yvonne.
• 30:15
  Thank you for that super chat. A lot of that price spike was in
• 30:19
  the paper market, right? And those are trades that were
• 30:22
  cleared out decades ago. So I don't think there are a lot
• 30:26
  of people that ran out and bought, you know, monster boxes
• 30:31
  or tubes of whatever they were selling in 1980, silver bars,
• 30:36
  whatever it may be. I I appreciate what you said and
• 30:40
  I may be wrong, right. You know, I may be wrong, but I
• 30:43
  don't think there's like a massive, actually I think the
• 30:46
  opposite is true, right? And I've heard that from a lot
• 30:50
  of the smart people in the room. So this maybe is good news to
• 30:53
  you and that is that once we get to where we are now, $34 or so
• 30:57
  silver that there is very little overhead.
• 31:01
  There's not many people looking to sell silver.
• 31:04
  So I appreciate that comment. I hope I'm right and I hope that
• 31:11
  and I hope that you're I don't want to I don't want to say
• 31:14
  wrong, but for lack of a better word to say wrong about that
• 31:18
  because I think we all want the silver price to go up.
• 31:23
  Wow, thank you. Another super chat.
• 31:25
  You guys are blowing me away tonight.
• 31:27
  This is incredible, Brian. What's he got to say?
• 31:33
  Discovery silver stock went up 100% since September.
• 31:37
  Brian I actually own that. I bought it at Six Flags
• 31:42
  Discovery silver, if it's the one I'm thinking of the big
• 31:44
  development play in Mexico and it because a guy that I really
• 31:51
  respect who has a newsletter, I heard him say in a comment that
• 31:57
  he thought that was a gift. It was right when all that
• 32:00
  Mexico silver, that Mexico, you know, the legislation, whatever,
• 32:05
  and that was actually one that I bought that has gone up.
• 32:08
  I think I bought it around like 40-5 cents.
• 32:10
  So yes, Discovery silver, they've got a massive project in
• 32:14
  in Mexico and, and, and a company that, again, a guy that
• 32:20
  I respect had very good things to say about.
• 32:22
  I usually when I buy stocks, they promptly go down, but that
• 32:25
  one went up. So thank you.
• 32:27
  Let's go out and take a look here.
• 32:29
  Let's go back to let's go back to.
• 32:35
  Hold on. Here we go.
• 32:36
  Wait a minute. Oh, man.
• 32:39
  Thank you, guys. Hopefully we're still alive.
• 32:42
  There we go. OK, let's go back.
• 32:45
  Let's check. We were moving down.
• 32:47
  OK, We're still up. Nine cents.
• 32:49
  Come on, silver. We're still green, guys.
• 32:54
  We're still green. And I imagine, you know, even if
• 32:57
  we do get pushed back down to $32 and silver, even if we do
• 33:03
  like we talked about, right, that was the, that, that was the
• 33:07
  resistance that we battled through.
• 33:10
  It will provide us a level of support that I think we get a
• 33:13
  lot of people coming back. And we heard what they said from
• 33:16
  the LBMA convention, right? The LBMA guys, they what they
• 33:22
  say, they predicted like $45.00 silver next year.
• 33:26
  They had a big convention down in Florida.
• 33:29
  We know what Citibank is saying, $40 silver next year.
• 33:33
  So we're going to be OK. We are going to be OK.
• 33:35
  Let's go and take one more quick look.
• 33:38
  We're making our way through, OK.
• 33:40
  Silver's about to do a nickel. This one's getting a lot of,
• 33:45
  and, you know, a lot of attention lately.
• 33:49
  Again, military consumption of silver could far out seed
• 33:52
  industrial demand. The military's hidden demand for
• 33:55
  silver could be far greater than we realized.
• 33:58
  This is from the Jerusalem Post with significant implications
• 34:02
  for global prices and supply change.
• 34:06
  Good silver be the next big commodity squeeze.
• 34:10
  And the the reason that people are drawing all this attention
• 34:13
  lately to silver usage in the military is that it's really not
• 34:18
  accounted for in like the official numbers, right?
• 34:22
  So I had a report that I shared with you a while back that was
• 34:26
  here's a great example. In 1942, there was a 1942,
• 34:32
  almost 100 years ago, there was a congressional report during
• 34:36
  the onset of World War 2 in the United States where the military
• 34:41
  said that for one year, one year, they were going to need
• 34:46
  200 million ounces of silver. And think about how technology
• 34:52
  has advanced, how silver is now even more critical for a lot of
• 34:56
  these military applications. And you can only imagine how
• 34:59
  much silver is being demanded by the military.
• 35:01
  Of course, that's all, you know, kind of information that we're
• 35:06
  not Privy to. But nonetheless, here we go.
• 35:09
  Let's go take a look. This was great.
• 35:14
  Wait till you see this. Let me put it on full screen.
• 35:21
  Hopefully you guys can see it. Wait a minute.
• 35:23
  I want to make sure you're seeing this.
• 35:27
  OK, you are. Oops.
• 35:29
  Wrong one, wrong one. Here we go.
• 35:36
  We'll we'll watch it from the beginning.
• 35:37
  It's short. Market closes in 321 0 silver
• 35:45
  squeeze confirmed $33.69. This was like, you know,
• 35:49
  Friday's close that came from make Gold.
• 35:58
  Great. Again, this guy's coming up with
• 36:01
  hold on here, turn that off. All right, Hopefully I'm going
• 36:05
  to put on my earbuds to make sure we don't get any
• 36:07
  interference coming through. Man.
• 36:09
  Thank you guys for being here. Let's let's let's go out and
• 36:13
  look at the comments again. Make sure we don't have any
• 36:17
  questions. Remember, if you have any
• 36:18
  questions, please leave a comment and do it with with
• 36:25
  question marks in the front for if land does come crashing.
• 36:28
  Agree, Nick, buy some land. Yes, federal government is going
• 36:31
  to have a force them to cover those short positions.
• 36:33
  There's no way we can afford to bail banks out of this right
• 36:38
  now. Yeah.
• 36:39
  I mean, people are talking about how the how the, the banks,
• 36:45
  these big banks, the bullion banks are short so many ounces
• 36:49
  of silver, whether it be 300, like we said, 700 million,
• 36:52
  whatever it is. Each time the price of silver
• 36:55
  goes up $1.00 per oz. Even if it's only 300 million,
• 37:00
  that's $300 million they lose. If we go into a short squeeze
• 37:04
  situation, we could be talking about potentially billions of
• 37:10
  dollars of losses for the banks and boy, wouldn't we feel sorry
• 37:14
  for them? Wouldn't we just feel sorry for
• 37:16
  that? Let's go out and take a check.
• 37:18
  Quick check one more time here. We're up seven cents and silver,
• 37:22
  gold still up $2.00. And I forgot to share that with
• 37:29
  you. I'm sorry, guys.
• 37:30
  There you go. OK, there we go.
• 37:32
  We're still up. We'll refresh this just to make
• 37:34
  sure we've got the up-to-the-minute.
• 37:37
  Up seven cents. All right, let's go take a look
• 37:40
  at the futures price on silver one more time.
• 37:44
  This is a big night, says $0.82, but that is probably not
• 37:48
  updated. Up 75 cents, 3399 in the futures
• 37:55
  market. Wow, wow, wow.
• 37:59
  Few more fun things for us to look at.
• 38:04
  Thank you guys for being here. Joining me.
• 38:06
  This was a oh, here we go. We've looked at this already,
• 38:09
  but this may go great again, guys, follow him on Twitter.
• 38:12
  He's pretty funny. He says update, the banks are
• 38:16
  now 707 million oz mostly naked shorts for every 600 likes.
• 38:22
  I'll make his shorts shorter. And there's our friend Jamie
• 38:25
  Dimon in his shorts, silver shorts about to be exposed now,
• 38:32
  707 million oz. It's just hilarious what people
• 38:39
  on X are coming up with. Here we go.
• 38:42
  Silver sold out. Is this what I mean?
• 38:45
  This happened. We experienced this around
• 38:48
  several times in the last what we experienced in 2020, we
• 38:54
  experienced it in what was that I guess April ish of 2023.
• 38:59
  I mean, remember guys, remember that the premiums on American
• 39:03
  Silver Eagles had gone up, like the silver price was like $26.
• 39:08
  But to get an American Silver Eagle to get one of these,
• 39:15
  Suzanne, 30 more likes. OK guys, we need 30 more likes
• 39:18
  and I'll blow the train whistle. The silver train is leaving
• 39:21
  town. That'll be 3 long, long blows.
• 39:25
  Is that we had that these people were paying $50 each for these
• 39:31
  $50. They're paying like ninety 100%
• 39:35
  premiums. OK, They can happen again,
• 39:37
  absolutely no doubt about it. And another one from him, right?
• 39:42
  Silver shorts are going to going to are going all in to stop
• 39:46
  silver going past $33. Look, there's the silver naked
• 39:51
  shorts, right? They're going after that hawk.
• 39:54
  And there's the silver squeeze down below.
• 39:56
  It's not a pretty scene for the for the shorts in the market
• 40:01
  right now. Not a pretty scene at all.
• 40:04
  Susie's going to keep me updated.
• 40:06
  I'll blow the train whistle here in one second.
• 40:07
  If you guys have a question, don't forget, please leave it
• 40:12
  with a question. Question mark in the comments
• 40:21
  up, Susie says I have another super chat.
• 40:23
  Let's go check it out. Wow, thank you guys.
• 40:28
  Whoa, Silver, who is this Silver State 2023?
• 40:34
  Thank you guys unbelievable generosity tonight in the Super
• 40:39
  chats super appreciated and it helps us keep the channel going
• 40:43
  right. We are supporting the family,
• 40:44
  Susie and I on this, believe it or not.
• 40:46
  So thank you, thank you never expected, never want anyone to
• 40:51
  donate anything they can't afford, but it is super
• 40:53
  appreciated. So thank you for that.
• 40:55
  Really, really, really generous and, and, and, and much, much
• 41:00
  appreciated. OK, let's, let's go.
• 41:04
  I'm getting a little nervous. I'll be honest with you guys.
• 41:06
  Let's go take a look. Let's go take a look, do an
• 41:09
  update. All right, there we go.
• 41:11
  Now we're going back up. We're not gamblers, are we, or
• 41:16
  anything like that? No, Now silver is up nine cents.
• 41:19
  It was up seven cents. I, we're, we're moving in the
• 41:21
  right direction. You know, so much to be excited
• 41:26
  about when it, when it comes to silver.
• 41:28
  And I just want to remind you, in the 1970s, silver rose from
• 41:33
  under $1.50 per oz in 1970 to nearly $50 per oz in 1980.
• 41:42
  Thus, silver rose by more than 25 times or by more than 2400%
• 41:50
  in returns like that, right? Well, you know here.
• 41:56
  I mean, if we if silver went up 20 times from where it is right
• 41:59
  now, we would be approaching $700.00 per oz silver.
• 42:03
  Which everyone scoffs that everyone that happened in the
• 42:07
  1970s, OK silver went up 24 times per oz OK, silver, if it
• 42:16
  went up 20 times, it went up 24 times in the 70s.
• 42:19
  If it went up 20 times right now, it would be well, 600 and
• 42:24
  $680.00 an ounce at $34 silver. So, you know, these things are
• 42:30
  possible. I know, I understand.
• 42:33
  I'm not saying it's going to happen in a week, in a year or a
• 42:37
  week. I firmly believe in my heart.
• 42:41
  All right. I remember I was in the bathroom
• 42:44
  with Susie the other day. We were getting ready and we
• 42:46
  were talking about people were scoffing.
• 42:48
  And it's I've been put out a couple thumbnails about what the
• 42:51
  silver price, what it and people say, no, you're crazy and you're
• 42:54
  this. And we were really getting beat
• 42:56
  down. And I said, you know what?
• 42:57
  I don't care because I know in my heart that during my lifetime
• 43:01
  I will see $700.00 silver. I believe it.
• 43:05
  I know I could be wrong, but I feel it in my bones, right in
• 43:09
  that we will see gold prices like we could not have imagined,
• 43:14
  right? Well, we could see that 7006
• 43:16
  thousand $10,000 gold price. I, I know because I understand
• 43:21
  math and I understand what's going on with the Federal
• 43:24
  Reserve in the US fiscal situation, the debt, the
• 43:30
  deficits. We talked about that in nauseam.
• 43:32
  So I believe, right, Not everybody does.
• 43:36
  I understand. No doubt, no doubt about it.
• 43:38
  Hopefully. Here, let me check and make sure
• 43:40
  if we got our our 400 thumbs up. Wow.
• 43:45
  OK, All right, hold on. Let's go back and check and
• 43:51
  Silver Express Susie's upstairs and she's sending me text
• 43:56
  messages. Guys, we got 400 thumbs up.
• 44:00
  We had like 1000 people on this snap live stream.
• 44:04
  We, we, we, we, we ring bells, right?
• 44:08
  For 200 thumbs up. And for 400 thumbs up, we ring
• 44:11
  the Silver Express whistle. This is a real train whistle.
• 44:15
  And don't forget, OK, I've shown you before, it says right on
• 44:22
  there all the different codes, three longs is the is the train
• 44:27
  is leaving the station. So guess what, baby, the Silver
• 44:30
  Express is leaving the station. Hold on.
• 44:39
  You may not have heard that because it's these darn
• 44:42
  microphone settings. Audio.
• 44:44
  Audio. Yes.
• 44:49
  All right, let's do that again. Hold on, are we still there?
• 44:54
  We're still alive. The Silver Express is leaving
• 45:05
  the station. OK, guys.
• 45:06
  And I want to make sure I did not.
• 45:10
  Did we get another super chat as well?
• 45:13
  Oh my gosh. Thank you, Silver.
• 45:14
  Silver State 2023 much a pre Cliff Moberg.
• 45:20
  All that glitters is not gold. Hey Cliff, good to see you my
• 45:23
  friend. It's silver.
• 45:26
  Yes, absolutely. Yeah, I love gold, but I and and
• 45:31
  I know gold is 84 times more valuable, which is insane,
• 45:36
  right? And now even the mainstream
• 45:37
  media have heard a couple articles say that this gold to
• 45:40
  silver ratio has to compress. But my my love, I, I personally,
• 45:45
  from a money perspective, sure, give me an ounce of gold.
• 45:47
  But I love silver. I mean, who cannot love that?
• 45:56
  Look at that. I don't know I don't know what's
• 45:59
  happening to the front. Anybody ever seen this happen?
• 46:03
  It's like turned kind of I guess that's toning her brown this I
• 46:07
  don't know it's it's silver and I know it's silver.
• 46:12
  Let me get back to the chat. I promised I would look through
• 46:16
  for questions. I got hooked on the no
• 46:20
  counterparty value, man, I used. I used to love my equities.
• 46:25
  Yeah, I'm going to pull that one up.
• 46:28
  We haven't talked about this in like months.
• 46:32
  Silver and gold, right? When you own this, when you hold
• 46:35
  it right, you the, you aren't relying on anybody else for the
• 46:40
  value. The value is inherent in this,
• 46:44
  right? My buddy, the bald guy, bald guy
• 46:46
  money talks about it's a value battery.
• 46:48
  So you know the, the, it is real, the the value is in it.
• 46:52
  You aren't relying on a bank, right?
• 46:55
  I have money in a bank right up the street.
• 46:57
  OK, I'm relying on them to to have my quote UN quote Unicorn
• 47:04
  fart does paper dollars and that they're going to be there.
• 47:07
  But I'm that's a counterparty, right?
• 47:10
  They could go belly up right. There was just a bank somewhere
• 47:12
  in Ohio. I think it is that went belly up
• 47:14
  on Friday. I'm relying on the bank.
• 47:17
  If I own a stock, I'm relying on whoever owns this or whoever who
• 47:22
  I am supposedly, you know that whole story, but own who knows
• 47:25
  who really owns the certificate. We won't go there.
• 47:29
  But I'm relying on that company, right, to shepherd my capital
• 47:33
  that I used to buy the stock as an owner of that company when I
• 47:37
  own this, right? And what's I'm not relying on
• 47:42
  anybody, right? You're not relying on anybody.
• 47:45
  It's yours. You hold it.
• 47:47
  It has value. And oh, by the way, it's been
• 47:49
  going up, up, up, up in value as of late as well.
• 47:54
  All right, now, let's go check it out.
• 47:59
  Let's go check it out. OK, we're up six cents and
• 48:02
  silver. All right, guys, I'm going to
• 48:04
  wrap it up for now. I want to say thank you to
• 48:06
  everybody who joined us here on the Snap.
• 48:09
  This is historic. We are in historic times right
• 48:12
  now and we are in a battle. We, we talked about this many
• 48:17
  times that we silver price battled through $32, right?
• 48:22
  We're in a battle tonight to see where we're going to be tomorrow
• 48:25
  morning. I'll be back tomorrow morning
• 48:26
  because we're going to stay right on top of this.
• 48:29
  And I've got a lot of other content that I'll want to share
• 48:32
  with you tomorrow. But this, this could be historic
• 48:35
  times for the silver price. Some people are already calling
• 48:39
  it, you know, we broke out, we got through, you know, look, we
• 48:43
  could get a pullback. I don't want to scare you, but
• 48:45
  we have to be realistic. I don't think we're getting
• 48:48
  these rug pulls. We are, we are not going to be
• 48:50
  in the situation where all everything's gone is, you know,
• 48:53
  but but but we can get, we know we're going to have some
• 48:57
  volatility and no doubt about it.
• 49:00
  But man, O man, doesn't it feel good to own physical silver
• 49:05
  right now? You know, what feels even better
• 49:08
  is the fact that 1000 of you joined us tonight here in the
• 49:11
  basement. Basement dwellers.
• 49:13
  I told Susie she's got to start locking the door at 800, but
• 49:16
  it's a big deal. I want to say thank you.
• 49:19
  Thank you to the moderators. Jake from Jake's Custom Parts.
• 49:22
  Susie, Annie Oakley, Big Tim, the Silvershire.
• 49:26
  Thank you to you. Yeah, you.
• 49:28
  I mean, think about this. How crazy is this?
• 49:32
  OK, I'm 54 years old. 30 years ago, when I was 24, I remember
• 49:37
  being out of college. If you'd if you'd have told me
• 49:40
  back then that we could be having these fun get together.
• 49:44
  I mean, the it's incredible. You guys are all over the world
• 49:48
  and we get to come together and have and and like, meet up and
• 49:52
  join together at the drop of a hat.
• 49:54
  I think we're very lucky. I know I feel lucky.
• 49:57
  I feel very lucky that you join the basement, that you're here.
• 50:01
  OK, Please, please. Right.
• 50:03
  You're part of the club Basement dwellers.
• 50:06
  OK. I just want you to know how much
• 50:09
  that means to Susie and me and and and you know, every day we
• 50:15
  do this if you make it all worthwhile.
• 50:18
  So thank you. All right, guys, we'll always do
• 50:21
  our best. I believe in this.
• 50:24
  I believe in precious metals. I, my uncle, my one of my uncles
• 50:28
  today, he's ACPA. We had a big family picnic and
• 50:32
  he was like, he was like, So what, what got you into this?
• 50:34
  What? And I said, I mean, I said, he
• 50:36
  said it's been like 2010, 20 years, right?
• 50:39
  And I said, I don't believe in the dollar, unfortunately, if it
• 50:44
  was still backed by precious metals, I believe in it, you
• 50:46
  know, and he's a great guy all this.
• 50:49
  But, you know, and he he didn't look at me cross eyed or
• 50:51
  anything like that. That's like $25 trillion.
• 50:54
  I'm like the national debt is like $35 trillion, you know.
• 51:01
  Yeah, I believe in it. I think a lot of you guys do
• 51:05
  too. It's a pleasure to know you.
• 51:07
  All right. I'm going to look forward to
• 51:08
  seeing you again here in the basement.
• 51:10
  Thank you, guys. I'm overwhelmed with gratitude,
• 51:13
  especially, you know, just for you being here, but for the
• 51:16
  Super chance as well. Thank you.
• 51:18
  OK. And have a great night.