Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (INDIA Shock!) Gold - Precious Metals News

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**THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (INDIA Shock!) Gold - Precious Metals News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Silver and gold's absolute historic run.
0:04
We are in it right now. We've got some big stories to
0:07
cover tonight, things that we need to talk about that will
0:11
have major impact on the price of gold and silver, not just
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this week, but this month and this year.
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And there are stories breaking everywhere.
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The biggest story is that you've decided to join me down here in
0:24
the basement. Seriously, thank you, right?
0:27
This is a great community. We love to talk about silver and
0:30
gold, love to develop great friendships within our
0:33
community. Please subscribe to the channel,
0:35
give the video a thumbs up, share it with all your friends,
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leave a comment in the comment section and super chats are
0:41
never, ever expected, always appreciated.
0:43
Everything here is free. I've got some great free to you,
0:47
right? Except for your time.
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And your time is valuable. So I appreciate you choosing to
0:51
be down here with me. Let's get started and then we
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got a lot to cover. We're going to talk about India.
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Big news out of India. The Asian AI guy.
1:00
I wait till you hear this. You know that Asian AI guy
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everybody's all excited about? Well, you're not going to
1:05
believe. You're not going to believe what
1:08
he did. OK, we'll talk about that.
1:10
The banks are the banks stopping people from buying gold and
1:15
silver, the big banks in the United States.
1:17
And what about the big companies?
1:19
Are they actually now we, we got three things we're going to look
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at that show us that there's an absolute scramble underway for
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metals up to and including what's probably my real
1:32
favorite, silver. But I love gold as well.
1:35
And we're going to talk about $400.00 silver prediction from
1:39
one of the most respected chart. Let's stop there.
1:42
Let's go take a look at what's happening though right now in
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the markets. It's Sunday night.
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I thank you all for being here. Let's go out to Kitco and get a
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look at what's happening live in this.
1:54
Wow, unbelievable. So what you should be seeing on
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your screen right now if we're not having tech issues is the
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Kitco spot price for those of you who are new.
2:06
All right, here it is right here.
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Just going to Google and put in Kitco gold and silver price.
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That is the spot price. That is the physical price of
2:14
silver, which as you can see why just a little bit ago it was
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down $0.25. Silver's up $2.75 to $93 per oz.
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While we're at it, let's go out and look at the futures price.
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And again, for those of you who are new or for those that need a
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review like I do from time to time, this is on CNBC and this
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is the silver and I kind of underlined it.
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Hold on, let me fix that. I can be a bit of a
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perfectionist, OK, Silver on the Co Max.
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So this is electronic paper Fantasy Island Silver and this
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is the March contract. So this is if they have it to
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deliver will be in March. Wow, it's up even more up $4.00
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to right now at $92.86. So I believe, remember that
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number 9286, we are in a state of backwardation because if we
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go back to Kitco, yes, we are, the spot price is now higher
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than the futures price. That is very unusual.
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That typically signals that there's big stress in the market
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and that possibly, but probably people are concerned about
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silver being able to be delivered in March.
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It shows that people have a rush to get their hands on physical
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silver when the market is in a state of backwardation.
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The normal state, if you want to be fancy, is called contango,
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which is when the spot price is lower than the futures price.
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That's the way that most all commodity markets are most all
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the time, and when they are in a state of backwardation, that is
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a big deal. Let's talk about India.
4:01
You know why we'll talk about India?
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Because nobody's talking about it.
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And that's what we love to talk about down here in the basement.
4:08
Everybody's talking about all this stuff going on in the
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silver and gold market. India is a major player, a
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sleeper in the world of gold, but also silver.
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OK, let's look at some crazy data out of India, but then
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we're going to talk about 3 reasons why 3.
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We can be super excited about that, and we're going to talk
4:29
about the big banks and we're going to talk about $400.00
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silver. Don't you worry, we'll get to it
4:33
all tonight. Guys.
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Thank you for being down here in the basement with me.
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You're special. All right?
4:39
People love you, but here we are.
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This came from Honza Serenade. I love that name he's a great
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puts out great information India just printed record.
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I should, I hear I'll make it blue.
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Record. Silver imports record, not
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speculation. All right, these aren't the
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three things I'm going to tell you about, but these are
5:02
important. That's not speculation.
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That's not ETF, that's not paper demand.
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That's actual physical metal moving into India at scale.
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Well, if you futures get smashed, one of the largest
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physical, they're not getting smashed right now.
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But when he wrote this, they were one of the largest physical
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buyers on the planet is quietly hoovering supply, which means
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for those of you in different countries than the United
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States, that means that's a vacuum cleaner, a Hoover.
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They're sucking in all the supply.
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Paper can suppress the price. Yeah, temporarily, but it cannot
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create silver. And look at this chart, guys.
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And the chart came from Tavi Costa.
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Look at this. I'm going to see if I can get it
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up on full screen for you. Look at this, OK, This goes all
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the way back to 2002. So if my math is correct, that
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would be 23 years of data. Do you see a trend on this
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chart? And then do you see what
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happened just recently? This is where we are absolutely
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unbelievable. But why is that a big deal with
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India? I'm going to have to look at my
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notes. I'm going to cheat on you here
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because I have notes on this. II has as many people as China,
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OK, Indian people love silver and gold.
6:30
It's ingrained in their they they they hate paper money.
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They've been ripped off over the years, I think by the British,
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if I have that correct. And they paper money just
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becomes worthless. Like we know the Indians know
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that. I know a lot of Indian people,
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they don't like paper money. Indian people love silver and
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gold. They have all these festivals,
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right? They're wonderful, nice people.
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And they all give each other silver and gold, weddings, all
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that stuff. But remember, there's 1.4
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billion the United States that that's like, that's like 4 times
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the amount of people in India alone than the United States.
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But wait, there's more because point #2 their economy is
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growing at one of the fastest clips in the world.
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The Indian economy is exploding with growth.
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So remember all those people that love silver and gold?
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Point #2 with an economy that's growing like crazy, it is an
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unbelievable and, and, and it's, it gets attention, no doubt,
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right? But everybody's so focused on
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China solar panels, which is great. solid-state batteries,
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all this stuff. Do you see all these things?
7:40
I love the word confluence. Confluence means when a number
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of factors come together like a bunch of cricks.
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I live here in Missouri, I'm in Saint Louis and we call them
7:50
cricks because we're hillbillies.
7:54
Some soap company wanted me to, wanted me to do, do a
7:57
sponsorship on my channel and it was pretty funny.
8:00
They're out of Kentucky. They got a product called
8:02
hillbilly body wash. I thought that's right up my
8:05
alley. Anyway, it's like a, it's like
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when crooks come together and form a river, right?
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They that's a confluence when two rivers and in the silver
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market right now, we've got a confluence of factors like
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nothing ever before, one of which is India, which we're not
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really talking about all much. So I apologize to everyone in
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India. I mean Indian farmer, I mean
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India, they buy silver like it's going out of style.
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OK, India is a powerhouse, but you got China, you got
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industrial demand, you got mining supply going down, you
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got the monetary component of silver.
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I mean, it is a confluence of factors.
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I didn't even mean to get on that on that rant, but guys,
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it's real and it's happening. OK, let's move on.
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OK, Oh, so last night here we go.
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No, here, let's do this first. We always pay.
8:53
This man is due. It's the dude who every single
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day gives us the amount of paper silver that was traded.
9:00
It's Sunday, so we have Friday's data just to check in with our
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friend, the dude who told us that on Friday, the paper silver
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market, the electronic market, traded 921 million oz, which as
9:16
we all know, because this has been happening a lot lately in
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one day, right? And one day that they're trading
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paper silver, the equivalent of what the entire mining sector
9:29
puts out in one whole year. Now, last night was a big night,
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you may notice behind me for those of you who weren't here
9:35
and you missed, right, the old silver bear.
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Do you see him there? Right.
9:38
And he no longer here has his blindfold on now it's an
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attract. I like it like a headband.
9:43
It's kind of cool up there. And we've divulged that he had
9:46
silver eyes. Well, guess what?
9:47
This is big news for all of us here that are our basement
9:51
dwellers hanging out together. We got a big compliment because,
9:55
you know, the Asian AI guy that's like causing all this
9:58
uproar and fervor and all these breaking stories about silver he
10:04
copied. Well, he copied us, which is
10:07
fine. People are getting all these
10:10
emails like you should, you know, sue him.
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And I'm like, I don't care. I think it's great that's he's
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showing that what we're doing here, like we're having a big
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impact out there in the world in general and in the world of
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silver. And I'm going to show you right
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now, the guy made an AI video and he claims that he has his
10:26
own teddy bear that he's going to unblindfold.
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Wait till you watch this. I've got it all figured out so
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we don't have to watch his whole video.
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But here he is, the latest Asian AI video from John AG.
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You need to pay close attention to this.
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That sounds like one of my titles.
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He basically copied a lot of my video.
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But listen to what he says. And then we're going to go to
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the end where he does it again. What?
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Oh, did I forget to share it? Oh, shoot.
11:13
Hold on, guys, hold on. Oh, man, hold on.
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Are you there still? Oh, shoot.
11:21
Sorry, guys. All right, let's get to get him
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back. Man, I always screw up.
11:24
Thank you, Susie. Upstairs, Susie, Save the day
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now. I'm sharing it.
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Darn it. All right, let's go back.
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This is worth watching. Again, I apologize, but you
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know. All right.
11:37
Here we go. Special Edition.
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There's a little mascot down here with me, a silver bear I've
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kept blind for a long time, and I promised you the blindfold
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comes off only after a certain milestone.
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We hit it, but I'm not doing the reveal yet because the story is
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developing right now matter more than the gimmick.
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The reveal is at the end, and the reason I'm making you wait
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is simple. What I'm about to show you
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explains why that milestone happened in the 1st place.
12:01
Now before we jump in, I need to say something politely, but.
12:04
Clearly. All right, now hold on, make
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sure I got that on the screen we're having Oh, shoot, Hold on
12:10
a second. Hold on.
12:13
Can you guys see me and hear me right now?
12:15
Hold on a second, Susie, can they see me and hear me over?
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I can. See you now I.
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Had to refresh OK I think. I think we had some stream he
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showed because it. Was frozen for me.
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Yeah, it was frozen for me as well.
12:29
Anyway, the Asian and we got more from the Asian, but he's
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claiming that he has a silver bear.
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That's our silver bear, right? OK, now wait, wait till you see
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this guys. I'm frozen.
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OK, hold on here. We're going to go back to him
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now. Wait till the end.
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And I mean, it's insane. Hold on, hold on.
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And we're going to go all the way to 2510 if I can get it
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right on there. 25-O boom. OK, here we go.
12:57
This is him at the end of his video.
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Right the blindfold. This bear has been sitting down
13:02
here as a symbol of patience, of discipline, of seeing through
13:05
the noise. And today the reason the
13:07
blindfold comes off isn't because I want a cute moment,
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it's because it marks a psychological chapter change.
13:13
When a market crosses a level and holds it, it forces a RE
13:16
rating. So here we go.
13:18
I'm going to lift him up so you can see.
13:19
And. Yes, there's a little surprise
13:21
under the blindfold, because of course there is all.
13:25
Right, there we go. So the Asian a guy guy stole our
13:31
silver bear. You know, I mean, really guys,
13:33
it's a compliment to us as basement dwellers, those of us.
13:36
I'm going to put him back here that have been with been down
13:39
here all along. But did he ever show the bear?
13:43
No, he never shows the bear, Susie.
13:46
He never shows the bear. He doesn't even have a bear.
13:48
But the bear is a symbol of our patience and determination,
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blah, blah, blah. You know, whatever.
13:53
OK, so the silver bear is famous around the Internet.
13:57
The silver bear, yes. You know, it's ours and it's a
14:00
compliment, right? What do they?
14:01
What do they say? Imitation's the highest form of
14:04
flattery. Whatever.
14:05
But Asian AI guy, it just I think proves that we have to be
14:08
very cautious with what we believe from him, especially if
14:13
he's copying my stuff. OK, let's talk about the gold to
14:16
silver ratio. Rashad came out with some great
14:19
news for us in that regard. I love Rashad and make sure I
14:24
got us. Yep, you're up.
14:27
Excuse me, Gold to silver ratio is likely to head to 1998. 2011
14:33
lows around 32. I'm doing trying to do the math
14:38
in my head anyway. I'll go do that in a second.
14:40
I doubt that would be like 150 silver right now.
14:44
Current gold prices. I doubt horizontal support holds
14:47
and I expect the ratio to dip sub 30 level even if
14:52
momentarily. Coupled with 6K target by April
14:56
2026 at the latest for gold, that translates into silver
15:02
price of $200 plus. So let's discern what he's
15:07
saying. He's saying that he thinks that
15:09
we could get a gold price of $6000 by April in that it with a
15:16
30 to 1 gold to silver ratio. And again, for those of you who
15:21
are new, the gold to silver ratio is a represents the number
15:25
of Oz of silver that it takes to get one ounce of gold.
15:30
So if we go to $6000 gold and get a 30 gold to silver ratio,
15:34
we would have a wonderful, wonderful silver prize of $200,
15:38
which I understand feels crazy and huge.
15:42
But guys, 93 dollar $90.00 silver a year ago seemed crazy
15:48
and huge and look what happened. OK.
15:50
And that would only from $90.00 to 200 would only be over a
15:54
little bit of another 100% increase.
15:56
Please, whatever you do, be responsible, OK, Dollar cost,
16:00
average, all that great stuff, OK?
16:03
Silver can be very, very volatile.
16:06
We do believe that we are in a new paradigm, a new world, a new
16:10
price structure for silver, no doubt about it.
16:13
OK, 'cause it's not like what what's happened is more of a, a
16:19
justification for the last 50 years of price manipulation.
16:23
But none the less, please, please, please, please be
16:26
careful. OK, All right, I'm getting
16:29
people are there's so much going on.
16:30
People are texting me. Next off, we're going to talk
16:33
about the banks. What would it mean if the banks
16:36
are blocking people from buying precious metals?
16:39
We're going to talk about that next.
16:40
I got a little video clip for us to watch.
16:42
But before we do that, I do want to say thank you.
16:46
The channel sponsor, First Mint. They're a silver exclusive mint
16:50
in Las Vegas, NV. They are the silver specialist.
16:55
And what makes them even more special?
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They're owned by First Majestic Silver.
16:59
We're going to hear a little clip from Keith Neumeyer, the
17:02
CEO of First Majestic here in a little bit.
17:04
So First Majestic mines the silver in Mexico.
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People work very hard. It takes a lot of effort to get
17:11
silver out of the ground. They mine it.
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It goes to Las Vegas, NV, where it's made into these world class
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silver bullion products like this one right here, right?
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You know, my favorite, our favorite, the Indian.
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I love that Indian hot. That's their Buffalo round.
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That's the backside and then it goes directly to you from the
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mine to the meant to you, OK. It's really like the most direct
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way to get silver that's out there and available.
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And on top of that, I will tell you unbelievable feedback from
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Mint. It's a total premium retail
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experience, the shipping, customer service, but most
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importantly, the quality of the products you get.
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You can check them out here at first mint.com and you get that
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pulled up for you. Yep.
18:07
And here we go. Hold on.
18:10
We're we got like a slow hold on here.
18:14
There we go now we're there. Sorry guys, the streaming
18:17
software. I think that I think the silver
18:18
price is blowing up the Internet.
18:20
Here's first Mint's website, free shipping on orders over
18:23
$299. You go to their main page, you
18:26
look at their store, they have bars, they have everything slow
18:31
bars, rounds and their Folds of Honor campaign, which helps
18:36
benefit the Folds of Honor Foundation.
18:38
You can learn all about that. Are banks are the big banks?
18:43
Are they trying to stop people from buying gold and silver?
18:47
Well, wait till you hear this and then we'll talk about why
18:51
that could be so important. This person, hold on.
18:56
Here is there she is. OK, Make sure we got you guys on
19:05
the right screen. Yeah, this is Taylor Kenny, OK.
19:10
She's very well respected in the gold and silver community.
19:15
Works for a bullion dealer. Let me, I'll just let her tell
19:19
the story. It's actually a little
19:22
frightening, but also could tell us something very important
19:25
about what's happening right now in the precious metal sector.
19:29
Here you go. Here's Taylor.
19:31
Now they are blocking the exits into gold and silver AKA capital
19:35
controls or banking restrictions on how you can spend your money.
19:39
Let me explain. I work for a full service gold
19:43
and silver physical gold and silver dealer and today we have
19:46
multiple clients who are trying to wire us funds to purchase
19:49
gold and silver to escape the failing Fiat system.
19:52
And guess the banks are no longer allowing the wires to go
19:55
through not just to us but to any precious metals companies.
19:59
The official reason they're giving?
20:01
Is because they're worried about fraud, about scammers out there.
20:04
And it's not to say that there aren't any in the space, but to
20:07
have these banks put in a blanket policy.
20:09
No precious metals, no gold or silver at all.
20:12
They don't want you outside their system.
20:14
They want to keep you in the Fiat system.
20:16
If you transfer your wealth into physical gold and silver,
20:20
they're no longer making a fee off of you.
20:22
They can't control you. They can't freeze or seize your
20:25
assets. The illusion that they have
20:27
built is crumbling because more and more people are waking up.
20:30
But we've we've seen how this plays out in other countries,
20:32
whether it's China or Cyprus with bank balance or even in
20:36
Spain with cash transaction limits.
20:38
It begs the question, is your wealth really yours if you can't
20:43
access it or if you are told how you can and can't spend it?
20:46
My advice to everyone is just to make sure you have something
20:49
outside of their system because once they decide they want to
20:52
close all of the exits, it will be too late.
20:55
Wow, they are. I just let her talk because that
21:01
was a powerful message that she delivered, if indeed that is the
21:06
case. And I'm not questioning her.
21:09
But if the big banks are keeping people from wiring money to
21:13
bullion dealers, let's say, so that they can buy, they can
21:16
convert their Fiat into metals, that's a big, big deal.
21:21
And like she said, right, the established banking system has
21:24
an interest in people not having their money in gold and silver.
21:28
And I'll, I'll give you an example.
21:30
I mean, we know that's true, right?
21:32
We know the price of the metals has been managed for decades or
21:36
there's very strong evidence that it has been.
21:39
And some people speculate that it has been.
21:41
I won't comment on that. But we do know, right, that
21:45
there were some documents that were leaked from, I think it was
21:47
1974 when the futures markets were established, right?
21:51
The paper markets were established where the big bank
21:54
said, yeah, we want to induce volatility into the metals
21:58
markets. So that it, it discourages
22:01
average people from putting their money into physical gold
22:05
and silver. So what we're having happen
22:08
right now, right? Which is a lot of people waking
22:11
up. Sheep noise warning.
22:14
OK, sheep noise warning for those of you that has to be
22:17
warned, right? More and more people are waking
22:19
up and starting to move it. Oh, thank you, Susie.
22:24
I'll get to that. At the end that that they will
22:26
freeze the ability like, oh, no. And like she said, they'll say
22:30
it's fraud, there's fraud, we're trying to protect you, blah,
22:32
blah, blah. Right.
22:33
That shows us that there are a lot of people, new people,
22:37
people that, oh, six months or a year ago when you were at the
22:41
neighborhood swimming pool and, and you tried to talk to them
22:44
about silver and gold and they swam away from you.
22:47
They're starting to wake up, right.
22:50
And it's just taking a little bit of those people who we
22:54
affectionately refer to as the sheeple in that little bit
23:02
creates a big wave of money because because, right, the
23:07
number of us that already know what's going on are so small.
23:11
So very interesting. It'll be very curious to see how
23:16
that whole situation plays out. And I appreciate Taylor for
23:19
creating that short video. And I believe her 100%, right.
23:23
And she's been around for a while is not somebody who's out
23:26
like, you know, she's no Asian AI guy trying to steal our our
23:30
silver bear. OK, OK.
23:33
Now next big subject going on. A worldwide scramble for medals
23:38
is happening right now, right? But do we have proof, right?
23:43
What about a company like Amazon?
23:45
We're going to get to that next. What did Keith Newmeyer say from
23:49
First Majestic Silver? We're going to get to that next
23:51
as well. Before we do that, we're going
23:53
to talk about a company that Keith Newmeyer actually founded
23:57
and is currently the Chairman of, and that's channel sponsor
24:00
First Mining Gold. OK.
24:03
They're a development stage gold company in Canada with two of
24:07
Canada's largest development stage gold projects, millions of
24:11
Oz of gold in the ground, Spring pole in Ontario and Du Parquet
24:17
in Quebec. I actually visited Du Parquet
24:20
that project like 2 years ago. Huge mining district, it's all
24:24
there. I saw a corset, we saw it all.
24:27
OK. I would like to thank them for
24:30
sponsoring the channel of I believe the company has great
24:34
prospects ahead as they move through the development phase.
24:38
But the gold is in the ground in Canada and guys, there aren't a
24:41
lot of big, huge gold projects right in good jurisdictions.
24:47
And those big mining companies that are making unbelievable
24:50
amounts of money right now, they need to replace each ounce of
24:54
gold they mined. They need to refill their
24:56
pipeline and they need to grow as well.
25:01
OK. And I think first mining gold is
25:03
very well positioned. Look, all stocks, whatever are
25:06
risky. I'm not a financial advisor.
25:08
Do your own research. But if you want to do more
25:10
research, go to firstmininggold.com.
25:13
There you can learn about it because there is a scramble
25:17
alert. Alert.
25:18
There is a worldwide scramble for metals right now.
25:22
Geopolitical level, you know, everything going on.
25:26
Let's look at some proof. OK, first we get this.
25:31
Have you ever heard of a company called Amazon?
25:33
Yeah, you've heard of Amazon. And this my friends gives us a
25:37
good indication as to what is going on from silver trade.
25:41
Amazon Web at AWS. Amazon Web Service Services
25:46
announces direct copper purchase from Rio Tinto's Newton project.
25:51
2 year deal secures Newton copper for Amazon Web Services
25:56
data centers. OK, and this applies to silver
25:59
as well. And but now they bring up a
26:01
great point. First, Samsung did a $7.00 deal
26:05
with Silverstorm for the rights to buy silver directly from
26:09
their it's a Mexican operation, I believe, for two years.
26:13
And now Amazon's deal with Rio Tinto.
26:16
Everyone is also saying it's only a matter of time until Elon
26:21
Musk, who has tweeted about silver in the past, right, goes
26:25
to secure his own sources of silver because he's got a big
26:29
solar, a big solar company and he has a big electric car
26:33
company, both of which need big amounts of silver.
26:36
And if we go to the solid-state batteries that everybody's
26:40
talking about for electric cars that go twice as long on a 10
26:43
minute charge and don't catch on fire and everything else, but
26:47
they also use like a kilogram of silver, 30 oz plus of silver for
26:52
each solid-state battery. It's just a matter of time.
26:55
And this came from Bloomberg. Oh, Main Street.
26:59
That's mainstream media. There's a cherry on top.
27:01
Mainstream media talking about the the scramble for metals.
27:06
Amazon becomes first buyer of Arizona copper made by Rio's
27:10
Newton project. But wait, there's more.
27:13
OK? Because now we're going to go
27:15
down even to a smaller level and then we're going to talk about
27:18
what Keith Newmyer said. This comes from Reddit.
27:22
Still think there's no silver shortage?
27:24
This is on the Wall Street silver Reddit, whatever you call
27:28
it, page channel. Wait till you see this.
27:30
It's a company called Trulight who I'd never heard of.
27:33
You haven't either, most likely. Maybe you have, but none the
27:36
less, January 16th, Trulight glass and aluminum solutions.
27:41
They probably use the silver on their window coatings.
27:44
Wait till you read this to our valued customers.
27:47
Due to continued volatility in the silver market, True Light is
27:50
updating how our silver surcharge is reviewed and
27:54
applied. Historically, the surcharge was
27:56
reviewed and adjusted on a quarterly basis.
27:59
Going forward, it will be reviewed and updated monthly to
28:03
more closely aligned with current silver pricing.
28:07
Then they go through all the details on how that's going to
28:09
work out. What this tells us is that
28:11
manufacturers are facing real, real concerns right now when it
28:18
comes to acquiring and pricing silver for their manufacturing
28:25
process. This is only going to get worse
28:28
because all throughout the world, right, there's a scramble
28:32
going on for the metals. Now, what about Keith Newmar?
28:35
He was on with Chris Marcus on Arcadia Economics.
28:39
They were talking about the Kuya Silver CEO had been talking to
28:45
Chris Marcus maybe it was 2 weeks ago, and he talked about
28:48
how in one week he got contacted by somebody from India and then
28:52
also, I believe somebody from China.
28:55
I'm 99%. I got the two countries right
28:58
that, but Kuya Silver was was approached by people from those
29:02
countries about buying silver directly from them.
29:06
And then Chris Marcus asked Keith Neumeyer, who's the CEO of
29:09
First Majestic Silver, one of the world's larger silver mining
29:13
companies, who's he's been running First Majestic for 20
29:17
plus years. If anybody's reached out to him.
29:19
Let's listen to what Keith had to say and let's share the right
29:26
screen and get that up. There we go.
29:29
There's Keith Newmeyer on the left and Chris Marcus from
29:32
Arcadia Economics, and this is what he had to say.
29:38
Keith, I've talked with David Stein of CUDA Silver a couple of
29:41
times in the past few weeks because the day that the premium
29:44
in China jumped to $8 back, I think this was day after
29:49
Christmas, he got a call from two groups in China saying they
29:54
wanted to buy a silver production at an 8 to $10
29:56
premium. The following week, he got a
29:59
call from India. Now he mentioned that in each
30:01
country some of these were solar manufacturers.
30:04
And I asked him, can you see the guy in India?
30:07
Are they worried there might be going into another shortage,
30:09
which just happened in October? He comes back and said, the
30:13
person from India who's a solar manufacturer said China's taking
30:16
so much of the silver right now that India is starting to have a
30:19
difficult time getting what they need.
30:23
And I've heard even years before that over the past, let's call
30:26
it two years or so of China going directly to Latin America
30:30
making deals to get the concentrate.
30:33
Any thoughts on that? Anything that you're hearing,
30:36
our companies, our countries or solar panel manufacturers
30:39
calling you. We've had three incoming calls
30:43
in the last week or maybe 10 days of, of, of physical buyers
30:48
looking for metal, which is unheard of.
30:51
We've never had that before happened in 23 years of running
30:54
this company. So, you know, and they're saying
30:58
we'll, we'll pay up. We'll give you a good, good
31:01
price. If you're willing to sell us
31:03
physical right away. We need it right away.
31:05
You know, we do have our own mint, you know, so we do have,
31:08
you know, that's full of silver. Our mint sales are all, you
31:14
know, very strong right now at a record Q4 for for the mint,
31:18
which is nice to see, you know, despite the fact that metal
31:21
prices you know, keep going or silver keeps going up.
31:24
OK. I forgot that Keith talked about
31:26
that's first meant our channel sponsor that he's talking about
31:30
that. The important point that I
31:31
wanted to make there with Keith Newmeyer is he said three calls,
31:36
OK and like what the last week or so and that that had never
31:40
happened in 23 years. Guys, this is real.
31:43
This is happening and it's a it's a great time to be in
31:47
silver. We got 2000 people on here.
31:50
We got a lot more going to talk about the the the Chartist who's
31:54
talking about four at an all time.
31:56
High. Today too.
31:57
Oh, thank you upstairs Susie. Everybody say hi to upstairs
32:01
Susie. She just chimed in to tell us
32:03
that gold's in an all time high right now.
32:05
Unbelievable. It's crazy.
32:09
OK now here we got something fun and then we're going to talk
32:13
about the chart. AS2 tells us $400.00 silver.
32:17
But also I'm, I didn't, I saved this as a little surprise.
32:21
Another chart that he puts out talking about $16,000 gold,
32:27
which goes right along with the upstairs Susie.
32:30
They're telling us about this gold price, but let's look at
32:32
something funny 1st. We like to joke around and have
32:35
a little fun. This is you.
32:36
I want you to imagine you going to cash in one of your ounces of
32:41
silver five years from now. I've never sold an ounce, but
32:45
maybe, maybe we'll sell one ounce in the year 2030.
32:49
And here's a great one. I, I thought was the, the silver
32:53
funny of the day from Nostra House of Gold, He says.
32:56
Here's some video footage of you cashing out one ounce of silver
33:01
in the year 2030. This guy's, that guy's a little
33:05
plump in the picture. Anyway, here we go.
33:26
Look at all that. I've got no room to talk.
33:29
I've put on some pounds myself, but guys, let's stop talking
33:33
about pounds and let's start talking about Oz and let's talk
33:36
about an ounce of silver being worth $400.00.
33:41
OK? An ounce of gold being worth
33:43
$16,000. I'm gonna bring you out now and
33:46
show you some charts that came from the Northstar Bad charts.
33:52
OK, he says. Silver, my target.
33:54
Let me see if I can get this up bigger on screen for you.
33:58
Yes, that works really well. And I'm going to share the right
34:02
screen. OK, so this is from Northstar
34:05
Bad Charts. All right.
34:08
And here he goes. He says in red.
34:11
I said this pattern would complete and break to the
34:15
upside. It did.
34:16
Expect a volatile correction at some point.
34:19
Remember, guys, it's not going to be just a straight ride up at
34:22
some point this year, OK, we're going to have a, a, some type of
34:26
of a correction, but a 1000% move is a reasonable
34:32
expectation. And darn it, I don't think I can
34:35
see it. This goes all the way back, I
34:37
believe to the 1800s. Darn it, I, I couldn't look, I
34:41
can't see it on this screen here.
34:44
I believe down there in the lower left that I'm circling is
34:47
the 1800s. This obviously would be about
34:52
1980 right there that I'm circling and this would be 2011,
34:59
right? And remember, that's the big cup
35:02
and handle that we just broke out of.
35:05
And what he's showing based on his charts, long term charts is
35:10
that we could be, Oh my gosh, target right here of four to
35:15
$500.00 for silver. And when you look right, when
35:20
you look at this on a very long term basis, it makes sense.
35:24
Right here we go. Hold on one second.
35:25
Let me get a different color. Let's pull this up again.
35:30
Don't expect this by tomorrow morning.
35:32
But there's that big, big cup that that formed over probably,
35:37
I don't know, almost 100 years. And then we know the cup and
35:41
handle pattern here that formed over the 45 year period.
35:46
So this is probably total like another 60 years.
35:49
And what he's saying is, based on his technical chart analysis,
35:53
that we could be going to a very nice round Number of four to
35:57
$500 and silver. Now let's go look at what he
36:00
says about gold. And here's his gold target.
36:05
This is a little different, but also interesting.
36:07
This is my current best estimate for the bowl era target from the
36:12
breakout at point #3 OK, gold will have doubled, doubled
36:17
again, and doubled again, exactly as I said it would, as I
36:21
said it would do when we were at point #3 it's more likely to
36:25
overshoot than undershoot. And again, he's got a target up
36:29
there based on his cup and handle analysis says down here
36:33
in red when we were here in 2019, I forecast the move to
36:37
points 123 and 4. Nobody else did that.
36:41
OK. And again, Northstar Bad charts
36:44
gets a lot of respect. He's kind of like an OG chartist
36:48
in the silver and gold sector. Hold on that up to your friend.
36:54
Neumeyer. He's on here.
36:55
I. Think, oh he is.
36:56
Oh, wow. Unbelievable.
37:02
Well, man, Susie thinks that Keith Newmeyer's here on the
37:05
live stream. So.
37:06
Hey, Keith. Hi.
37:07
Thank you and thank you. OK.
37:11
What's that? Hold on.
37:13
What's that, Susie? Oh, all right.
37:17
Yeah, yeah, yeah. But huge respect for Keith
37:20
Newmeyer that I have. And everybody in the gold and
37:22
silver sector. So yeah, hey guys, Northstar Bad
37:27
charts. He's somebody that I followed
37:28
for a long time. He has a real knack for being
37:31
real, real accurate. Thank you everybody for being
37:34
here down in the basement today. I do want to say thanks.
37:37
I think Susie said we have some super chats.
37:40
Let me run out there real quick and say thank you to my friend
37:46
Jordans Bjerg. Thank you for the Super chat.
37:49
What's a solid amount of silver to own long term?
37:52
I'm 22 and currently at 435 oz. Started stacking last August.
37:58
My goal is 500 oz. Thanks Ron.
38:01
You know Jordan, I'd say two things about that.
38:04
I always recommend this to people when they talk about
38:08
buying silver, buying gold, really buying anything, but
38:11
really was silver I bought for 20 years into dollar cost
38:15
average. Meaning maybe just set a certain
38:18
side amount that every month or maybe every three months,
38:21
whatever time period that you decide on or the number of Oz
38:25
you want to buy during that period to buy it little by
38:27
little by little by little by little overtime.
38:30
Because you know what if 4000 years of history are accurate,
38:35
silver is maintained its value over that period of time, as has
38:39
gold. Doing it and with with dollar
38:43
cost averaging will will reduce some of the risk that you may
38:47
encounter if there's big moves in the market.
38:50
So keep up the good work man. You're 22 four and 35 oz.
38:54
That's I bet out of all the 22 year olds in the world, you're
38:58
in the top 1% my friend. So congratulations.
39:01
And who's up, up, up. Shoot.
39:04
Hold on, SFC Joker on. Thank you for the Super chat.
39:08
Hey, thank you, my friend. I try to keep things simple.
39:12
You know, we can get real complicated when we're talking
39:14
about silver and gold, the metals, everything else, fancy
39:18
charts, everything else. I try to keep it simple.
39:21
Got to try to keep it fun, educational, have some fun while
39:25
we're doing it because we're all on this journey together.
39:29
Hey guys, thanks again for joining me down here in the
39:32
basement today. We're going to continue on this
39:34
wild ride together. It's been a great, it's been a
39:38
great year for the metals. I think it'll continue to be a
39:41
great year. I think you have. 634 nights,
39:44
the most you've ever. Had in a live stream.
39:46
Oh, we set a record upstairs. Thank you and everybody please
39:50
say thank you in the comments upstairs.
39:52
Susie, that's my lovely wife who communicates with me on this
39:55
walkie-talkie. I couldn't be doing this without
39:57
her. She wants me to ring the bell
39:59
because we've set a record tonight for likes on the video,
40:03
so I'll ring it 6 times. And yes, that is a silver bell
40:10
that somebody sent me. It's very cool.
40:12
I love it. All right, guys, have a great
40:13
night. Take care.
40:15
Thanks for being here. OK.
40:16
And I will see you. Yes, you next time.