Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🪗 SILVER Squeeze! 🪗 - You BEST Expect THIS - (Gold Price News UPDATE too)

Transcript

🪗 SILVER Squeeze! 🪗 - You BEST Expect THIS - (Gold Price News UPDATE too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Welcome to the Jungle silver investors and gold investors.
• 0:05
  We have some major developing stories, 4 reasons why we could
• 0:10
  be headed towards a silver squeeze and shocking
• 0:14
  realization, recognition of that from one of the big mainstream
• 0:18
  media sources. But we also have crazy data
• 0:21
  about gold. I mean, just it's going to make
• 0:23
  your skin curl when you hear this and a big, big bank makes a
• 0:29
  big, big, old statement about precious metals.
• 0:33
  We're going to cover it all. Let's get started right now by
• 0:36
  talking about what's happening in China and why even some of
• 0:41
  the most critical people of precious metals are now
• 0:44
  recognizing that we could be going into a squeeze.
• 0:47
  But I'm going to squeeze you first and tell you thank you for
• 0:50
  joining me down here in the basement.
• 0:52
  Seriously, I hope you feel like you found a little home away
• 0:55
  from home. Some people have called this the
• 0:58
  Mr. Rogers Neighborhood for Gold and Silver investors.
• 1:02
  I want you to feel welcome. I want you to come back.
• 1:04
  One way you can make sure that happens is by pressing that
• 1:07
  subscribe button that also makes upstairs Susie very, very happy.
• 1:11
  Give the video thumbs up. Leave a comment that's, look,
• 1:15
  you're smart. We want to learn from you.
• 1:16
  You don't have to agree with me or the other people in the
• 1:20
  community. Some guy pointed out something
• 1:22
  to me last night about the United Arab Emirates and silver.
• 1:24
  I'll talk about that later. I'd never thought of and it was
• 1:27
  kind of critical of me and that's OK.
• 1:30
  I've learned something from him. Anyway.
• 1:32
  Subscribe to the channel. Thumbs up.
• 1:34
  Most important, thank you for being here.
• 1:37
  I get a warm and fuzzy feeling every time we go live because we
• 1:40
  got some great people. Without further ado, let's talk
• 1:43
  about China and this potential we have right now for a silver
• 1:47
  squeeze. We're going to start here.
• 1:50
  Big breaking news from Bloomberg, right?
• 1:54
  The mainstream of mainstream financial news says it
• 1:58
  themselves China's big silver squeeze persist even as prices
• 2:05
  are steady. OK, this is Bloomberg guys.
• 2:08
  This is I believe today, yes, February.
• 2:11
  Well, it was yesterday 6:00 that pretty much today hasn't been 24
• 2:15
  hour in the last 24 hours. International silver prices have
• 2:20
  studied after an epic bout of turbulence, but supplies in
• 2:26
  China are still being pinched as investment and industrial demand
• 2:32
  drain the available warehouses, the vaults.
• 2:37
  OK, now, now I haven't even gotten in.
• 2:38
  We're going to start now with four reasons why we could be
• 2:43
  seeing a silver squeeze. And we're going to put it all
• 2:45
  together. OK, we got some examples.
• 2:47
  Let's dig in right now. Number one, this came from King
• 2:51
  Kong 9888, right? The authority when it comes to
• 2:56
  the Chinese metals markets, he says this, this is significant.
• 3:01
  The Shanghai and the Shanghai Futures Exchange have
• 3:06
  effectively extended strict position limits to both long and
• 3:09
  short hedged silver futures positions.
• 3:13
  If traders fail to obtain approved hedging quotas from the
• 3:18
  exchange, this change will make large scale leverage naked
• 3:23
  shorting of silver futures on the Shanghai Futures Exchange
• 3:27
  extremely challenging going forward.
• 3:31
  So what this means is it is, and this is all breaking news right
• 3:36
  now guys, and, and being interpreted in many different
• 3:40
  ways. But what this means is that in
• 3:43
  China, if you're going to short silver, you got to prove you
• 3:46
  have a purpose to do it. Remember that Mister Beyond
• 3:49
  who's short like 15,000,000 oz on the Shanghai Futures
• 3:53
  Exchange, he now has to prove, as I understand it, he has to
• 3:57
  prove to the Shanghai Futures Exchange the reason why he's
• 4:01
  short, why he's selling silver. OK?
• 4:04
  He's not a jewelry manufacturer, he's not a mining company.
• 4:08
  He's a pure speculator. So the theory is that he's not
• 4:11
  going to be able to prove and that the Shanghai Futures
• 4:14
  Exchange are is going to force people who have large, either
• 4:19
  long or short, which is what we're interested in positions on
• 4:24
  the Shanghai Futures Exchange to cover those positions.
• 4:27
  Again, that's the most accurate explanation or description of
• 4:32
  what this big announcement means, but it is big news.
• 4:36
  But wait, there's more. Because when we also consider
• 4:39
  what's happening on the COMEX in the LBMA, the paper futures
• 4:44
  markets, the COMEX is specifically right, the make
• 4:48
  believe fantasy island silver market in the United States.
• 4:51
  That's reason #2 that we could see a silver squeeze, the
• 4:56
  available silver for delivery on the March contracts that the
• 5:01
  almost said regulated. Oh my gosh, I'm losing my mind.
• 5:04
  Anyway, the silver available to be to be delivered on the March
• 5:09
  contracts is right around 100 million oz right now.
• 5:13
  There's 400 million ounces accounted for.
• 5:17
  Not all of that will be requested in physical delivery,
• 5:20
  but even if 1/4 of it is or some people say that it could be as
• 5:24
  high as 1/2, it could create fireworks on the Comex eligible.
• 5:29
  And I keep, Oh my gosh, I can't remember the word maybe sues me
• 5:33
  eligible and available, I don't know.
• 5:37
  Anyway, you get the point. Let's move on to point #3 the
• 5:41
  Chinese inventories on top of the fact of what they're doing
• 5:45
  in terms of limiting how much, how big of short positions can
• 5:49
  be acquired on the Shanghai Futures Exchange.
• 5:51
  We also know that the inventories on the Chinese in
• 5:55
  the Chinese markets are also going way, way, way down and 4th
• 6:00
  right now we get this news. This is more breaking news from
• 6:04
  the SLVETF in the the United States.
• 6:07
  It also has a huge short position.
• 6:10
  This came from Peter Spina, who pointed out a record high short
• 6:15
  position in SLV. The short short position in SLV
• 6:20
  rose by a further 18% up to 73,000,000 oz sold short on the
• 6:27
  NYSE and 12.8% of the total SLV shares outstanding, a new
• 6:35
  record. OK, 12.8% of the total shares of
• 6:40
  the SLVETF are now sold short, up almost 18% and that came from
• 6:46
  Ed Steer. OK, So now we're talking about
• 6:50
  hold on one second, we're talking about four things, four
• 6:54
  reasons. And that's why we have Bloomberg
• 6:56
  talking about short squeeze. All the other silver Youtubers
• 6:59
  are talking about short squeeze. I don't talk about short squeeze
• 7:02
  very often, but I do think that the conditions are in place.
• 7:06
  Absolutely no guarantee, OK. And what we went through over
• 7:10
  the last nine months in the silver market was not a short
• 7:13
  squeeze. It was a physical driven rally,
• 7:16
  maybe that last little spurt that we got from $85 up to 120.
• 7:20
  Yeah, I don't know. We call that a squeeze, but it
• 7:23
  was certainly a parabolic move. But we've got 4 reasons.
• 7:28
  Let's review them. The regulators in China are
• 7:31
  clamping down on the naked shorts.
• 7:34
  That's number one. Number two, the Comex
• 7:37
  inventories in the vaults that are available to satisfy the
• 7:41
  futures contracts that will come due in March are are
• 7:44
  precariously low at stress levels.
• 7:47
  OK, that's number two. Number three, the Chinese
• 7:50
  inventories in their vaults to satisfy the contracts on the
• 7:55
  Shanghai Futures Exchange are very, very low and #4 we've got
• 8:00
  a record level of short interest on the SLVETF.
• 8:04
  We are living through a period of time.
• 8:07
  I've been following silver closely for decades and decades.
• 8:10
  OK, We have never been in a position like this.
• 8:14
  Yes, we had squeezes in the past, but they were paper
• 8:18
  driven. This situation is way different.
• 8:21
  We've got a physical rally in the metals and it's going to be
• 8:25
  interesting to see how it all plays out.
• 8:27
  On that note, let's go check on our friend Rashad, our favorite
• 8:31
  silver chart analyst, who has a pretty, let's say, optimistic
• 8:37
  outlook on where the silver price could be by summer.
• 8:41
  I wrote my notes 1st and I said Christmas and I went back and
• 8:44
  checked. He's saying this could happen by
• 8:46
  summer. Before we do that, I want to say
• 8:48
  thank you to channel sponsor first meant for making this
• 8:51
  broadcast possible. They are a silver specialist
• 8:55
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• 8:59
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• 9:02
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• 9:06
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• 9:23
  then that silver go straight to you.
• 9:25
  So all this talk we just had about the Comex and the LBMA and
• 9:28
  the Shanghai Futures Exchange, it never gets to touch the
• 9:32
  silver that people like us are able to get our hands on thanks
• 9:36
  to 1st Mint. Here's their website, you can
• 9:38
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• 9:42
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• 9:48
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• 9:51
  Hold on here, do I have it up? Yes.
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  Hold on. Having a little tech issue.
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• 9:58
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• 10:05
  OK, Rashad, let's go see what Rashad is saying and and see
• 10:09
  what we think about his projections for where we could
• 10:13
  be by summertime. Rashad puts this out.
• 10:16
  He says my $250 plus forecast of silver in a 5 hour chart by the
• 10:24
  summer of 2026. And then he reminds everybody is
• 10:28
  I'll remind you as well, this is not financial advice.
• 10:31
  I'm speaking my truth. What I believe.
• 10:33
  Rashad obviously is pointing out what he believes.
• 10:36
  But guys, here we are right now on this chart, he's expecting a
• 10:40
  little bit of choppy action probably through that Chinese
• 10:43
  New Year, a move up, more choppy action, a move up a wedge
• 10:48
  pattern and then boom, blast off time.
• 10:51
  OK, You might be thinking about possibly converting some of your
• 10:55
  silver and other real assets if that comes to fruition and we
• 10:59
  absolutely cannot rule this out. Yes, of course that's a very
• 11:04
  aggressive, very optimistic a prediction for where silver
• 11:09
  could go by the summer, OK. But look at this point, I think
• 11:13
  we know and think about the four factors we talked about earlier.
• 11:17
  We can't rule anything out because remember right, just two
• 11:21
  years ago we sat down here and talked about silver when the
• 11:24
  price was at 232426 dollars per oz.
• 11:28
  And today, Oh my gosh, we need to go check on the silver price.
• 11:32
  The silver always goes up during our live streams together and we
• 11:37
  are currently, currently up $3.61.
• 11:41
  For those of you who are new, this is the world spot price.
• 11:46
  I'm going to circle that for you, OK?
• 11:48
  That's the immediate delivery price for silver.
• 11:51
  The LBMA, If we go out to the futures market and here's the
• 11:55
  price we're at right now, 8455, let's go out and take a look at
• 11:59
  the futures, $84.50. Let's see if I can remember
• 12:06
  that. And we're, boy, we are just
• 12:08
  about and we now, yeah, hold on here.
• 12:12
  Yep, we are just about at equilibrium.
• 12:15
  There is no real premium. This price should be higher.
• 12:19
  This is the futures price for the March contract.
• 12:22
  It should be higher than that spot price we just looked at.
• 12:27
  But it's the same. We are not in a state of
• 12:29
  backwardation, which means the spot price is higher, but we're
• 12:33
  also not in what is a normal healthy market condition, which
• 12:37
  is called contango. When the futures price is even
• 12:40
  higher. We're really in a state of
• 12:43
  equilibrium, or as we like to call it down here in the
• 12:45
  basement, backward, backward tango, which sounds like a fancy
• 12:51
  Argentinian dance. But really what that means is
• 12:54
  the spot in the futures price are in equilibrium.
• 12:57
  One more thing about the Chinese market, before I forget, that's
• 13:01
  creating a big, big stir. And there's a reason why this is
• 13:04
  important is that there's a big differentiation right now in the
• 13:08
  Chinese futures market between the front month contract, which
• 13:11
  means the most immediate contract in the next month
• 13:14
  contract out. What that means, right, is that
• 13:17
  people want to get their hands on physical silver.
• 13:21
  It's happening and it's happening all around the world.
• 13:24
  OK, so we talked about an incredibly optimistic.
• 13:27
  I'm going to be a Debbie Downer right now and I will talk about
• 13:30
  all the reasons why that that I don't think this will happen.
• 13:34
  But there is one analyst who's actually calling for the price
• 13:38
  of silver to move down to $50 per oz and for it to happen
• 13:42
  pretty soon. We'll give the, we'll give the
• 13:45
  naysayers their due here. Let's go out to this guy, Mr.
• 13:51
  Cyril Jubert. We respect you.
• 13:54
  You're probably not real popular right now, but hey, guys,
• 13:57
  anything can happen. And he says waiting for a
• 14:00
  pullback around 17 O 2. That's like the European way of
• 14:04
  saying February 17th. They like mix the dates up or
• 14:08
  maybe we mix the dates up. You get my point.
• 14:10
  Anyway, he says as long as as long as the pullback on the old
• 14:14
  resistance at $50 has not been played, $50.00 is also the
• 14:20
  moving at the 200 day moving average.
• 14:23
  I cannot be interested in the silver moves.
• 14:26
  He says this pullback should be orchestrated on the 17th or 18th
• 14:31
  of this month, February, during the Chinese New Year holidays.
• 14:36
  There's a reason why that why he's saying that before the
• 14:39
  17th, it could be too early to go to 50.
• 14:42
  After the 18th, silver could plunge.
• 14:45
  Oh my gosh, it's worse than I told you to $48 or less.
• 14:50
  The reason why he is saying this is because, yes, I think it's on
• 14:55
  Sunday, the Chinese markets, everything in China shuts down
• 14:58
  for a week. I want to move to China.
• 15:01
  We don't ever get time off like that in the United States.
• 15:03
  Anyway, I digress. The entire Chinese markets, all
• 15:06
  of it, everything will be shut down for a week or maybe it's
• 15:10
  even 9 days. And in the past, be prepared
• 15:14
  because like he said, that's been an opportunity, right?
• 15:17
  Somebody put it out the other day when the Chinese markets
• 15:20
  going to be shut down for their their New Year celebration.
• 15:24
  Basically the silver and gold price are left in the
• 15:27
  trustworthy hands of the COMEX in the LBMA.
• 15:30
  And let's just say that in previous years, during that
• 15:34
  period of time when the Chinese market shut down, there were
• 15:37
  some strange things that happened in the precious metals
• 15:40
  markets and not always for the good.
• 15:43
  But again, we'll keep an eye, everybody's monitoring the
• 15:47
  situation. It's going to be interesting to
• 15:49
  see how this period of Chinese market shutdown actually does
• 15:53
  pay pay off. We're going to look now, but
• 15:56
  we're going to look at something funny and then unbelievable
• 16:02
  crazy data on the, on, on the, on the on the gold market.
• 16:10
  Hold on just one second. I need to mute my microphone
• 16:14
  because my parents are calling me and I'm going to make sure
• 16:16
  everything's OK. So I'll be right back.
• 16:34
  I'll be right back, guys. I'm calling my mom and dad.
• 16:37
  They may need me. Sorry, guys.
• 16:55
  I have, you know, I'm a little bit older.
• 16:57
  I have elderly parents and they were out driving.
• 16:59
  Some little surgery procedure. Everything's fine.
• 17:01
  I apologize for the interruption.
• 17:04
  I almost tear up talking about my parents.
• 17:06
  Anyway, family first. Always upstairs.
• 17:10
  Susie and family. Oh, yeah.
• 17:12
  Crazy data about the gold market, really crazy data.
• 17:16
  And then the big bank. We'll get to that.
• 17:18
  I want to say thank you to 1st Mining Gold for sponsoring Ron's
• 17:22
  basement development Stage Gold Company in Canada, 2 huge
• 17:26
  projects, Spring Pole in Ontario and Du Parquet in Quebec, each
• 17:30
  of which have millions of Oz of gold in the ground.
• 17:33
  In Canada. A great jurisdiction in
• 17:36
  jurisdiction matters in big gold deposits and good jurisdictions
• 17:40
  are hard to find. You can learn more about them at
• 17:42
  First Mining Gold com always do your own research.
• 17:46
  Remember, I'm not a financial advisor.
• 17:48
  This is unbelievable about gold. Let's take a look.
• 17:52
  There's two things. It starts one way and then gets
• 17:55
  even bigger. OK, oh, shoot here.
• 17:58
  Wait a minute. All right, we're going to go to
• 18:00
  that Before we go there, not only is there big short interest
• 18:03
  why my notes are all screwed up today, but there's big short
• 18:06
  interest in the silver mining stocks as well.
• 18:09
  Silver Miner short interest climbs to a recent high.
• 18:13
  First Majestic, First Majestic and Discovery C covering Silver
• 18:18
  miner short interest is at a recent historic high.
• 18:21
  Short interest for the sub industry is 2.4 billion, The
• 18:25
  first time we've seen total short interest top the 1 billion
• 18:29
  level. This came from a report from
• 18:33
  Seeking Alpha and was shared by Oliver Grobe.
• 18:35
  Reason why that's important, guys.
• 18:38
  Again, when the mining sector takes off, when the silver
• 18:41
  mining sector takes off, and I mean it is so undervalued right
• 18:44
  now, it's going to bring many more eyeballs into the overall
• 18:49
  silver ecosystem, which will be good for the physical silver
• 18:52
  price as well. Now let's get to that crazy gold
• 18:55
  data. Sorry for the interruptions
• 18:57
  today. Here's here's here's, oh boy.
• 19:01
  Here's the here's silver investors who bought it, $20 per
• 19:04
  oz. Then we're going to get to that
• 19:06
  data, right? If you bought silver, 20 bucks
• 19:08
  an ounce. This is what it feels like for
• 19:10
  you right now. And I'm not sharing the screen.
• 19:14
  All right, there we go. Now I'm sharing it.
• 19:17
  That's what it feels like right now.
• 19:20
  OK, without further ado, kind of frozen.
• 19:23
  Uh oh Andy now I can see you now OK thank you upstairs Susie okay
• 19:29
  thank you yeah thank you guys sorry the wheels are coming up
• 19:33
  this is live you know like live TV there's there's mistakes that
• 19:36
  happen but this really on a very serious note is incredible and
• 19:41
  then there's even more incredible data about gold and
• 19:44
  remember gold is the granddaddy of the precious metals so if
• 19:49
  you're just into silver you know you also know what's going on
• 19:52
  with gold because gold often times leads what happens with
• 19:56
  silver but there's gold silver HQ says there's only one true
• 20:01
  safe haven this is a 5 year chart OK of the return on gold
• 20:06
  how gold is done compared to government bonds OK look they.
• 20:12
  We'll start out equal back in 2021.
• 20:15
  Look how well gold is done. Up 160% right?
• 20:21
  You can see the yellow line. Look how the government bonds.
• 20:24
  This is the TLT. You can see that there.
• 20:27
  That's an ETF that tracks the 20 year bond, the value, the price
• 20:33
  of 20 year bonds, 20 years. I did some research on it last
• 20:36
  night. It's 20 years plus bond
• 20:39
  maturities, government bonds. That is down 46%.
• 20:44
  I had to check it 'cause I did not believe this when I looked
• 20:46
  at it, but it's true, right? That's gold.
• 20:49
  OK, OK, now next this it gets even better because this shows
• 20:57
  us I'll, I'll give you the reason I don't want to ruin it,
• 21:02
  but at this shows us something very important about the
• 21:05
  precious metal sector in general.
• 21:07
  Mr. Uppie shared. Apple Computer is now worth
• 21:11
  almost 10 times more than every US listed gold and and gold
• 21:18
  mining ETF combined. Apple Computer itself, one
• 21:22
  company is worth 10 times more right then every gold and gold
• 21:27
  mining ETF combined. People keep calling gold crowded
• 21:31
  while the entire ETP stack is the size of Procter and Gamble.
• 21:37
  OK, if this really is the start of a metal super cycle, this bar
• 21:42
  chart is the before picture and take a look at this guys, it's
• 21:47
  incredible. OK, right down there.
• 21:49
  Those are the gold right here. These are the gold in gold
• 21:53
  mining ETF. OK, here's Apple computer there.
• 21:57
  There's NVIDIA. Nvidia's worth more than 10
• 22:00
  times. Apple is right here, as you can
• 22:04
  see by this arrow. OK, at 36, what, $3.6 trillion?
• 22:11
  Literally one company, Apple, and it's not even the biggest
• 22:15
  company is worth more than 10 times all the ETFs that track
• 22:19
  the gold price and the gold mining sector.
• 22:23
  And to put that into perspective, that entire, that
• 22:27
  entire aggregate of those numbers, the gold mining ETFs
• 22:33
  plus the gold ETFs are about the size of Procter and Gamble.
• 22:38
  Man, when we put it all together, when we look at the
• 22:41
  big picture of what is going on right now in the gold and silver
• 22:45
  mining sector, how can you say that it's a crowded trade?
• 22:49
  OK, there's a lot of room, a ton of room.
• 22:53
  That's the most The gold is the most valuable asset on the face
• 22:58
  of the Earth, period. OK and we're talking about all
• 23:03
  the ETFs that track the gold mining and the gold right don't
• 23:07
  even don't even make up 10% of the market cap of two of the
• 23:12
  biggest companies and barely make up 10% of Apple computer
• 23:16
  alone. This is the most valuable asset
• 23:20
  on the face of the earth. This gold is the asset right
• 23:24
  that the world central banks now hold more of than they hold U.S.
• 23:28
  Treasuries. But we're early or but we're
• 23:31
  late. It's crowded.
• 23:32
  No, I would say we are early. And I say we've got some great
• 23:37
  things to come down the road. Hey, thank you for joining me
• 23:39
  down here in the basement. I apologize for the
• 23:42
  interruption. I may and thank you, Susie.
• 23:45
  I got a wait a minute. Thank you for the Super sticker.
• 23:48
  I know you're like me. Family comes first.
• 23:50
  And I thought there may have been a little family emergency,
• 23:54
  but there was not. And I want to say thank you to
• 23:58
  Don Boren. Thank you for the Super sticker.
• 24:00
  My, it's your special day. You're famous on the Internet.
• 24:04
  Look at that. Thank you guys for joining me
• 24:07
  down here in the basement. I want you to come back.
• 24:10
  Please subscribe to the channel. That way you'll get alerted
• 24:13
  every time we go live. It's going to be a wild, fun
• 24:16
  ride together. Have a great day.
• 24:19
  OK. And I'll see you.
• 24:21
  Yeah. You.
• 24:23
  I'll see you. I see you right now.
• 24:25
  I'll see you soon. Take care.