Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 Gold & SILVER Investor 🚨 -THIS is BAD! - (MASSIVE News Update for Gold & Silver Price)

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🚨 Gold & SILVER Investor 🚨 -THIS is BAD! - (MASSIVE News Update for Gold & Silver Price) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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Stop today's crash and the gold and silver price don't make any
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sense whatsoever and I'm a strong believer that long term,
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even medium term, possibly even short term, we have very little
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to worry about because this guy's makes no sense whatsoever
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what's going on this morning and we're going to talk about all
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the reasons why in this video so thank you for joining me happy
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holiday week. We're having a great time,
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aren't we? Nothing like waking up and
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checking the silver price and it's down $0.35 and then you
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check again, right? You think, oh, it can come back
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and it's down $0.60 and then you check again and it's down a full
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dollar and it makes absolutely no sense.
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No one is making any sense of this.
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And that's actually a good thing for us on a medium and long term
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basis. We might be in for some short
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term pain while I could say for sure, right?
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I imagine you agree with me. We're in.
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We're in some pain this morning. We can still smile.
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I can smile on the outside, but I'm telling you up here, there's
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a lot of gears turning and they are painful right now.
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Let's go take a look at the silver price and gold price and
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get an update from our channel sponsor Pinbeck's.
1:14
We're going to press the Pinbeck's magic button and it
1:17
would really have to be magical this morning.
1:20
OK, well hey, silver's not down triple digits, down $0.95 per
1:25
oz, Gold down $73. What is going on?
1:30
One thing for sure, if you waited till today to buy
1:32
yourself some silver or gold, you're getting a better price
1:35
than on Friday. Please help support channel
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sponsor Pembacs. What they will give you are
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ultra competitive prices, even better on a day like today when
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Ron's Basement possible and I'd encourage you to check them out
1:57
next time you are in the market for some gold, silver or
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platinum group metal. So what is going on?
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Stop something did did something happen over the weekend that
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they forgot to tell us about? Did the was there like a magic
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button? Does the does the US debt clock
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have a magic button on it? And did they erase the $36
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trillion in debt? Let's go take a quick look,
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guys. We got to make sure here.
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No, indeed, the 36 trillion is still there.
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But apparently the appointment of a new Treasury Secretary
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means that everything is better in the United States.
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The economy is going to take off and gold and silver.
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Well, who needs them? Who wants them, right?
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They Trump appointed a new let's go out and look at this.
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And then we're going to look at all these different reasons why
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all the gurus are saying gold and silver are moving this
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morning. Nobody knows.
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I can tell you what is going on. OK, One of the big key things
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that we need to remember is the V word volatility.
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That's what we're having right now.
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We had volatility last week, remember, gold was up, what, 5%
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for the week? And hey, it felt pretty darn
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good, right? Well, the other side of that
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volatility are days like today when gold and silver get
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clobbered, OK? It's part of the process.
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Unfortunately, and I'm telling you this, the fact that this
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doesn't make sense, all these different reasons why the gurus
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are telling us gold and silver are moving like they are is a
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good thing because in the end, that volatility is going to work
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in our favor as gold and silver investors.
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But let's go see what they're saying about this, this new
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Treasury Secretary. And then we've got massive news
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later this week on Wednesday. This is going to actually be a
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very big week for the gold and silver related news that's going
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to come out on Wednesday. We'll talk about that as well.
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Stock market today, the NASDAQ, Dow and S&P jump after Trump
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picks Scott Besent for Treasury. Somebody that if you're like me,
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I never heard of the guy until like the last 24 hours.
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But let's see what they're saying.
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Trump trapped Besent viewed as the investor favorite pick for
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the Treasury late Friday evening after a surprisingly drawn out
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process that saw candidates stocks seem to rise and fall by
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the day. Besent's nomination has seemed
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to at least temporarily calm nerves over the President
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elect's inflationary agenda, with the benchmark 10 year
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Treasury yield dipping back to 4.36%.
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So they're thinking that this guy's going to rain Trump in,
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Trump is going to usher in. And they're wrong, by the way.
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So that that's why yields are down, gold and silver down.
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That's according to Yahoo Finance.
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Don't worry, guys, there's a whole slew of different reasons
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what they're giving for why silver and gold are down.
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None of them make sense. And what that means to us is
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that in the end, all this uncertainty is going to mean
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higher gold and silver prices. That's my truth.
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Look, I don't have a crystal ball.
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Don't make any financial decisions based on anything that
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I'm saying. Now, on the inflationary front,
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the Fed will get its preferred look at the picture heading into
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Trump's term with Wednesday's release of the PCE.
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That's the Federal Reserve's preferred way to look at
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inflation. Economists expect a tick up in
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the core PCE, which is closely watched by the central bank.
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So does it make sense? There we go, guys.
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Trump put in a new Treasury Secretary.
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I guess. Hey, wait a minute.
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Let's all let's all say our, our, our final.
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We got to have a little fun on this morning, and don't you
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worry, we're going to keep an eye on that silver and gold
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price. Miracles do happen, but I think
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we all need to say goodbye to our old friend.
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You know who's in the box, right?
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If you've been around the basement for a while, my finger
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is stuck in this box. Last night, Susie got her foot
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stuck in one of our recliners. There we go.
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Now there she is. Say goodbye to our old friend
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Janet Yellen being replaced by Scott Descent.
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I guess we'll have to get him in a box here at some point as
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well. Let's say let's, let's, let's
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see what the the happy Hawaiian. Let's look at a chart for
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silver. Is all hope not gone for silver.
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The Happy Hawaiian is like one of the gurus of the charts.
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OK, he says this this morning. And back to the uptrend support
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again on silver. So let's take a look at his
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chart. You know what?
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It was actually a little better on this screen, so we're going
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to leave that up. So there's his chart.
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This is the silver price. This goes back to do about
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April, so I'm going to bring this back down.
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So this over here is April. This is the uptrend line in the
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silver price since April, remember, OK, I know today
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stinks, but we were at 2250 back in April time frame.
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There's the uptrend line. That's the what is that the
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ascending, I forget what they call that, but that's a bullish
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pattern. Here's the price, right, went up
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to 35 before the election, pulled back all the way down
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here. Shot up a little bit last week,
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although silver didn't move and we're going to talk about the
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gold to silver ratio some more later.
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And now here we are back again at that support line.
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We got to realize from a technical perspective and these
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technical charts do not tell the future 100%, right.
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There's technical analysis, fundamental analysis,
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fundamental meaning like the supply demand picture that we
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have in silver. We're going to look at some
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crazy data for that later on, right?
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But from a technical perspective, we are at a very
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critical juncture with the silver price.
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Now one thing working in the favor of silver right now is
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that while gold went crazy last week to the upside, silver did
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not mean gold was within 4% of its all time high on Friday,
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right? Remember over the weekend I was
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down here saying, guys, we're within spitting distance of a
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new all time high again in gold, in U.S. dollars and as a matter
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of fact, gold and hitting, hitting gold and hitting gold.
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Gold had been hitting. Let's keep smiling my fellow
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basement dwellers. I know today's painful.
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I don't even want to look at my precious metal mining stock
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portfolio, but gold had been hitting new all time highs in
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the in the euro in the in not the yen, the euro in the great
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British crown. Remember we looked at this.
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OK, it's not the case anymore. So here is gold and great great
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British pounds and as you can see, but God, it's still is darn
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near an all time high. Wow.
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And really in dollars. Let's just look quickly here at
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this is gold in euros, EUR is EUR and still still near all
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time highs. So you know, I know it's
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painful. We're going to be OK, right?
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Nobody knows what's going on and that's actually working in our
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favor. It's called volatility.
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Here's what Zero Hedge says, what's what zero hedge?
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Zero Hedge throws a whole new wrinkle into things when they
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tell us that the gold, oil and gold prices slump as Israel's
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Netanyahu approves Lebanon ceasefire deal, quote UN quote,
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in principle. So they're saying that the, the
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the downward shift, I guess you would say in geopolitical risk
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is what we can attribute this pullback in gold.
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And I would also say to a certain degree silver as well.
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Israel Prime Minister Benjamin Netanyahu approved or has
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approved an emerging ceasefire deal with Hezbollah, quote, UN
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quote, in principle during a Sunday night meeting with top
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security officials. Sources are making and making it
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clear that it is not final. So what do we have so far in
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terms of reasons why, right? Could it be a technical?
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Was it a technical pullback? Was it because of this new
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Treasury Secretary guy? Is it because of inflation?
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You know, who knows now what we need to keep keep an eye on.
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Let's go. We're going to go check on
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something very interesting because is it the dollar?
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I know I'm all over the place this morning.
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I apologize, my head's going a little crazy.
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Is it the dollar, right movements and the dollar, You
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guys, I'm getting your emails, I'm reading your questions.
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Look, there's just so many things that are not making sense
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right now that are affecting the gold price and the silver price.
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I believe that in the end, and that inherently to me means more
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uncertainty. No one can peg down what's going
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on. The dollar's going up, the
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dollar's going down. The silver and gold price aren't
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Co related, but the dollar as much as they were a week ago.
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Well, that changed this week. Well, no, now this week it's a
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different. None of it makes sense.
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None of it makes sense unless we just look at some of the key
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fundamental things like with silver, the fact that we got
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this massive silver deficit, all that.
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But, but, but let's, let's zoom in.
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Let's get back on focus here. Let's go look and see how this
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is impacting expectations or interest rate cuts.
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This was yesterday. This is the CME Fed watch tool,
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which told us there was about a 5050 chance that the Fed would
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either leave rates where they were or to lower them by 1/4 by
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by 1/4 percentage point or point or 25 basis points.
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Let's update this. This is yesterday and see if
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this has something to do with what we're experiencing.
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Yeah, well, now that's interesting, very interesting.
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So this is telling us actually the odds of a rate cut have gone
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up a little bit from over the weekend.
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Now we're at a 55% chance that on the feds next meeting the
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18th of December, they are going to cut rates by 1/4 point.
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Now there's a 50. So really this even shows more.
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There is nothing, I mean nothing that is making sense.
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Let's go look at the dollar index and see how that is
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impacting. OK, so the, I mean, look at
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this, OK, the dollar index is down almost.
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That's a huge move, OK, a .79% move and the dollar index is a
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massive move down in old, the old times that would be good for
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silver and gold, right? The, the weaker the dollar, the
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more valuable silver and gold. This is the up.
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Things are upside down guys. Things are crazy right now,
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absolutely crazy. This has not gone away.
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OK, the US debt, let's pull out here and just look at a one year
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chart of the dollar index. Wow.
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I mean still very high levels at, you know, who knows at this
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point, who knows? What we do know is the price.
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Let's go out to pin backs we need.
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This is a kind of a crazy morning and get an update we're
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going to press. It really needs to be magical
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this morning. Now we're back down $1.03.
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This guy cannot believe gold is down $75.
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Things are just absolutely out of control.
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What about Olay Hansen, right? One of these top, I think he's
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with Saxo Bank. He's one of the top analyst.
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Let's see why he is telling us that the gold and silver price
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are down this morning. So, oh, Hanson, here he is right
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there, says gold prices have turned sharply lower, Silver
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prices too, Olay extending the overnight decline primarily due
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now. He says this is due to profit
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taking transitioning into long liquidation after last week's
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strong rally and the announcement.
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He's going to talk about the announcement of the new Treasury
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Secretary as well. But he's pointing out first and
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foremost that this is because of profit taking, because of how
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much gold went up last week. I mean, nobody knows at this
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point. He says these developments may
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be may be temporary and knee jerk reactions.
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What we like that idea. Olay Hanson However, for now
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they need to limit losses reigns in the bullion market.
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Well, it might be a little bit too late for that.
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So here's a chart of the gold price going back to November
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14th. I mean, yeah, we had a big
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rally, guys, as you can see now we have broken below now.
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But again, this is just like a four day, not a four day, but I
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don't know about a eight day upturn that we had in the gold
15:02
price. I think what we're learning.
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Are you feeling this with me? I, you know, look, nobody knows
15:09
for sure why gold and silver are getting clobbered today.
15:13
Nothing makes sense. The relationship with the US
15:16
dollar, the relationship with interest rates, is it because of
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a, a ceasefire supposedly in the Middle East?
15:23
But at the same time, aren't things escalating in, in Russia?
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Is it because of traders who are who are taking profits from last
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week's massive move in the gold market?
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I don't know. Is it because it's the 25th of,
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of November? Is it because it's a Monday on
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the, on a holiday week? I mean, nobody knows what we do
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know. It is massive volatility.
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I'm going to tell you something. The volatility will eventually
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work in our favor. We are still in a big uptrend
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for the silver and gold price, OK, But we got to admit silver
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is a great, great, great big mess right now. the US debt has
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not gone away. Let's talk about let's it is
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getting insane right now the gold to silver ratio.
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Let's go back out to Pembacs and I'm going to calculate live for
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you right now where we are on the gold to silver ratio.
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And if we take the current gold price of 2633 and divide that by
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30.28, OK guys, this is about as high as I remember it in a long
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time. There you go.
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At your live update, we are a, we are a spitting distance from
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a gold to silver ratio of 87. This does not make any sense
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whatsoever. Jake from Jake's Custom Parts
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sent me this yesterday, and we'll do a little rough math
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here, but this is the gold to silver ratio throughout history.
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Oh my gosh. So it was in 3200 BC, which I
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want to remind you of something. You had relatives that were
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alive during that time period. Life was much more difficult,
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but at that time, the gold to silver ratio was 123.
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That would put us at a current silver price of about 700.
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Look all throughout history how low these ratios are.
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Right before the whatever, I guess you would call that, we
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went to the 80, the Anodomini system.
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Anyway, during Plato's times, it was 1:00 to 12:00.
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Then you know, it went up a bit. But during Caesar's reign, it
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was 1:00 to 8:00. Then it went to one to 13.
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Now when we go down here to little more, France, 1 to 14,
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OK, one to 15. And now here we are today.
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They call that clown world. We're at 1 to 91.
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Let's just make believe. Japan.
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It was one to five. What was this period?
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This darn thing keeps popping up on my screen.
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Hold on here, guys. There we go.
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Germany. It was one to 10 not too long
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ago. OK.
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That would mean that right now the silver price, if it was one
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to 10, if my math is correct, would be about $260 per oz.
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And let's look at it on a little bit more recent time frame where
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we can see right, this is the gold to silver ratio since 1869
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in the United States. It did.
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It did get to a big peak, 98 to one after President Roosevelt
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did. The gold confiscation
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temporarily made it shoot up, but as you can see, then it shot
18:49
back down, right? I would say the average here is
18:52
around around below 50, probably closer to 40 or 45 during the
18:58
during the C19 crisis. It did.
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Remember when silver crashed during that period.
19:04
I don't know if you remember that.
19:05
I remember I actually made one great purchase over the years on
19:09
that Saturday. I bought silver when it was
19:12
like, I don't know, 13 or $14.00 per oz.
19:15
It was over a weekend. Nonetheless, we did temporarily
19:19
spike there, but we're pretty much right now at the rate with
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the area that we are historic highs, even even when we look
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back just over what the last 150 years.
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So this is this is not making sense.
19:33
And you know, guys, what we got to remember, right, no matter
19:40
what they do, was Trump becomes president, they can't erase the
19:45
$36 trillion in national debt. And the reason why we want to
19:50
remember these big picture things is because on days like
19:53
today, it can, it can be #1 emotional, depressing to own
19:58
precious metals. We've been through this before.
20:01
But there's a reason why we want to remember the big picture,
20:04
right? The debt has not gone away.
20:07
Turmoil in the world is not gone away.
20:09
And guess what else is not gone away?
20:11
The world's desire to de dollarize the Chinese and the
20:15
Japanese wanting to sell U.S. Treasury.
20:18
We are in big trouble. We are in this country right
20:20
now, we're living in a Fiat paper debt driven and now almost
20:26
you could say crypto driven environment that makes
20:29
absolutely no sense whatsoever. And Speaking of crypto, let's go
20:34
take a look because let's do an update here on the on the
20:39
Bitcoin price. It was not doing too well this
20:42
morning and hold on we're updating OK 96,000.
20:49
So you know we got this crypto, this new crypto world that we
20:53
live in over the last three or four weeks, things are just are
20:58
are just are very volatile right now yes, of course, right right
21:04
volatility can also work to the upside.
21:08
It's a very interesting environment that we're living in
21:11
right now here. I just got a breaking news here.
21:12
I got a text from from our friend Dave the vet down in
21:17
Naples. Silver short positions only
21:21
decreased a little bit last week.
21:23
I'm hoping they are using the smash down to begin
21:26
significantly decreasing their short.
21:29
What have you heard lately? Yeah, I've not.
21:32
I don't have any update on that. But yeah, you know, if they
21:35
cover some short positions here, guys, that could be a supportive
21:39
factor for the silver price too, as we as we move into these
21:43
weeks. I am not.
21:44
Are you giving up on this? Huh?
21:47
What is this? What is this?
21:49
What am I holding in my hand right there?
21:50
I want you to ask yourself that question.
21:53
Huh? I'm holding value, OK?
21:57
I'm not holding $30. No, I'm holding an ounce of
22:02
silver. And it's so critical, again,
22:05
particularly on painful, horrific days like today in the
22:10
silver market that you remember this.
22:14
It is not $30, OK? If you've shown this to somebody
22:18
5000 years ago, 500 years ago, 200 years ago, they may not
22:23
recognize what that what, what that picture on there is, but
22:26
they would know this is silver, this is value.
22:29
It's so critical. And we all make the mistake that
22:33
you're not alone, Buttercup. Buttercup is a term of
22:38
endearment. You're not alone in in thinking
22:41
of those ounces of silver in terms of U.S. dollars, But it's
22:46
so critical that when we think of our wealth, OK, when we think
22:52
of our wealth that we think of it in Oz, OK?
22:57
It is our tether to reality, right?
23:01
Gold and silver are our tether to reality.
23:04
You know, if, if, if, if, if, if you, if you, what do you think?
23:08
What do you think? I have a quick.
23:09
I have a quiz for you, OK, I have a quiz for you.
23:12
I just have a quick quiz. Why don't you take a deep breath
23:16
and think about this? I want you to.
23:17
You're going to go out 80 Not that long.
23:21
Let's just say 5050 years in the future. 50 OK, which do you
23:26
think will be more valuable? This stuff?
23:29
OK, this won't even be around. Well, I up, up, up.
23:33
I may have ruined it. Even in this form or electronic
23:36
form, right? Federal Reserve note, do you
23:40
think that'll be more valuable or do you think this will be
23:43
more valuable? Imagine this being 30.
23:46
I have 30 of these paper dollars.
23:47
I mean, think about it, right? So we need to think about our
23:50
wealth in terms of Oz of silver. If you're a gold person or a
23:55
platinum or a Palladium, whatever your whatever floats
23:58
your boat, think of your wealth in terms of Oz.
24:01
OK, now I was watching this clip.
24:04
This is interesting about silver.
24:07
So let's let's say, let's have some positive talk about silver,
24:12
something I'd never thought of. I think this was from an LBMA
24:16
conference last week or a couple weeks ago, the London Billion
24:21
Market Association, you know where they've been manipulating
24:24
the price of silver longer than even here in the United States
24:27
with the COMEX. But none the less they brought
24:30
up a point. They were having this panel
24:32
discussion about silver. This, this, this is something
24:37
that we've never talked about before.
24:38
So this is breaking basement news, OK.
24:41
And what this guy said is that as industrial demand for silver
24:47
continues to go up, right? We know that whole story.
24:51
Solar like battery, whatever the deficit, we know that and it's
24:55
these projections for more and more demand is industrial demand
25:00
for silver continues to skyrocket, right at the same
25:04
time so will investor demand. It's like a double a double
25:11
whammy, right? Right now investor demand is
25:13
relatively muted. But as we get to this point
25:17
where in where industrial demand takes off, OK, we don't we don't
25:21
think about that. At the same time that will very
25:25
likely, I would say certainly create additional waves of
25:31
investor demand. Think about it, right.
25:34
It's like, it's like a self feeding the system, right?
25:39
And we never, it's not like the way the guy said it was.
25:42
It's not like, because here's a great way to think about.
25:45
It's not like because the solar industry, let's go out five
25:49
years from now, 10 years from now, maybe 2 years from now, who
25:52
knows, maybe two months from now, but we'll say five years,
25:56
five years from now, the solar industry, the battery industry,
25:59
the all these industries at that point are sucking in all the
26:04
world's silver, OK, The electronics, everything else,
26:08
cell phones, you know the story. I don't have to go through that
26:11
with you now. Do we know?
26:13
So think about it though, they're, they're fat, they're
26:15
sucking in all the world's silver.
26:18
It's not like because that's happening that you or me or
26:22
investors in the world are going to be like, you know what, since
26:25
the since it's needed for industry, I'm going to stop
26:28
investing in silver. No, it's going to be the
26:31
opposite. More and more people are going
26:34
to come along and get involved in investing in silver as that
26:39
industrial demand continues to go through the roof.
26:42
And on that note, let's go take a look at what let's do an
26:46
update on the silver price and see how much worse it got.
26:51
All right? And now we're down $1.10.
26:54
OK, well, you know what? We're going to check one more
26:56
time before we're done. Right now we're going to go to
27:00
the guy that wrote the book, the guy that wrote the book on
27:04
silver, Peter Kroff, right? He says here, silver demand from
27:08
solar expected to nearly triple from 2024 levels.
27:15
This is from mining visuals. And if you look at this chart,
27:18
guys, the blue is the annual growth for silver used in photo
27:24
photovoltaics, which is a fancy way to say solar panels, solar
27:29
PV electric capacity in the orange measures the capacity.
27:33
Anyway, as we look at this chart, see if I can make this
27:37
bigger for us, which hold on here, hold on, bear with me.
27:44
That didn't work. That didn't work.
27:46
That didn't work. OK, well, here we go.
27:50
We'll just go down here and look at the chart.
27:52
So we look at the chart. OK, here is 2020.
27:56
Wow, that is unbelievable. And 82 what?
28:02
There's no way. Wow, guys, this is stunning.
28:08
OK, annual growth for silver used in photovatalics and
28:12
millions of Oz. So in 2020 they only used 82
28:16
million and now this year they're estimating 232.
28:22
I guess that's what he said. Wow.
28:25
Triple annual growth for silver used in photovatallics reached
28:29
193 million in 2023, a hundred and 3037% increase from 2016.
28:37
This projected to rise further to 232 million in 2024 over the
28:42
same period. Global silver.
28:44
Wow, this. That is absolutely stunning.
28:48
I didn't realize looking at that from 2020 and even at me look at
28:55
that. It didn't go up that much into
28:57
2021, but it is on an absolute hair as we go from left to
29:03
right. That's what we have to look
29:05
forward to in the silver market. The other big thing, Oh, hey, we
29:09
forgot the reasons why silver and gold are getting killed.
29:12
We got a new Treasury Secretary. The dollar's going up.
29:15
The dollar's going down. Who knows, right?
29:18
the US debt has magically been cured.
29:20
But we forgot one of the big key factors that some people are
29:25
giving us friendly reminders on. And where did it go?
29:28
Did I forget to pull this one up?
29:30
Hold on here Ole Hanson is that Here it is.
29:34
Here it is. I apologize.
29:35
TF Metals report put this out. Just a friendly reminder that
29:40
tomorrow is the December option Exploration expiration day on
29:45
COMEX. So apparently not that the COMEX
29:51
or the LBMA would ever, ever. No, they would never manipulate
29:56
the price of silver or gold. Tomorrow is options expiration
30:00
day. Let's go see if if the dude has
30:03
anything to say this morning about what's going on in the
30:07
silver and gold market. There he is not dude.
30:10
Perfect. OK, dude, the dude update U.S.
30:17
banks, here we go. U.S. banks are now facing a 515
30:21
billion in unrealized losses that talks about the the banking
30:25
system in general, unrealized losses that they are not
30:29
recognizing. the US is now facing a financial collapse
30:33
unlike anything in modern history.
30:35
All right. This is off subject on gold and
30:37
silver, but wow, wow, look at that guys.
30:42
So those are available for sale, securities, these are held to
30:46
maturity, OK, which means they're not going to recognize
30:49
the losses on those. What he's saying is these banks
30:52
made some bad investments over the last few years, but they are
30:56
not needing to to recognize them.
31:01
OK, here we go. The dude says.
31:03
Who's selling all the silver contracts today?
31:05
Do you think this is a real or artificial market?
31:09
They can't let the the derivative price above 3250 for
31:12
long. Physical silver will save you
31:16
from what's coming. Uh oh, here we go.
31:22
Here we go this here we here's a good one from make gold great
31:25
again. Industrial usage is rapidly
31:28
accelerating like we just talked about guys, industrial just
31:32
speak when and when the when when industry is taking all the
31:35
world silver. It's not like investors are
31:38
going to say, well, I'll stop investing in silver so that Sony
31:42
and in the photo of italic the the the solar panel guys can use
31:47
it to make no investors are going to come running into this
31:50
market. Total silver mined each year
31:54
used up in industry. So the red wow, look at this
31:57
chart. So the total silver is the is
32:01
this line over here. OK, the, I guess the entire
32:05
line, the white part being what is, I would imagine used for
32:09
mostly investment purposes. But the red, the important thing
32:12
to look at is the red part of the box, which says how much is
32:15
used up by industry. OK.
32:18
And as you can see, right, Do you see that red amount is
32:21
growing up to 2024 where they're saying now that 84 percent, 84%
32:29
of the. Whoa.
32:29
Oh my gosh, Dwight. Hey, guys.
32:33
I just got a massive super chat. Thank you Dwight on a day like
32:36
today, thank you. Super chants are super
32:41
appreciated. Never expected and but very
32:45
appreciated and we're very thankful.
32:47
Thank you Dwight. Dwight Carlton.
32:49
Wow, man, that made my morning. I had a hard time coming on.
32:52
Hello Don, Thank you for your super chat.
32:55
Don Howe, a regular and Dwight, man, you guys are are knocking
32:59
my socks off this morning and now I'm off track.
33:02
Where was I? Oh, shoot.
33:05
Hold on. OK, so that is absolutely crazy.
33:08
That's a fundamental. That's a fundamental.
33:10
Let's see what else is down here.
33:13
There we go. That's the friendly reminder
33:18
here. This is a great one.
33:19
Doge Doge market cap, Doge coin right, which was the joke.
33:24
Crypto has a market cap of 68 billion that is worth 2 billion
33:30
ounces of silver. Actually probably more like 2.1
33:33
or 2.2. Now if we update that, that is
33:37
approximately the amount of silver available in the world.
33:41
What do you think is more important, silver or Doji coin,
33:45
right, silver squeeze and we talked about this already, but
33:49
you know what, let's just draw the attention on this again from
33:52
the dude who gives us this great data everyday.
33:56
This was Friday's market data that the paper Comex market and
34:01
the LBMA traded 456,000,000 paper ounces of silver.
34:07
Yes, that would represent right, more than half of the entire
34:12
annual production of silver. Thanks again, Don and thanks
34:16
again, Dwight for those chats. Guys, that is just unbelievable.
34:21
Let's go take a look at the let's do a market update and
34:25
then I'm going to take a look at the mining stocks because
34:28
that'll give us a little bit of a insight into what's going on.
34:32
Silver down $1.13, Unbelievable. There's the 10 year bond yield.
34:39
Let's see what's going on with that.
34:40
I'm going to update it, OK, not down crazy, but still at 4.23.
34:45
We're going to look at the junior GDXJ, which is the
34:50
measurement of the junior mining stocks, and there's a number of
34:53
silver mining stocks in that as well, down almost 4% to $46.56.
35:01
You can see it was in a big uptrend.
35:03
I think you can say it's still in a big.
35:05
Let's draw a line here and look at this.
35:08
I think it's safe to say that the junior at mining stocks, do
35:12
you see what I see are still in an uptrend, although we are
35:16
getting again, they're precariously close to breaking
35:20
through that as well. Guys, this is going to be an
35:24
interesting week to see how this plays out.
35:27
Not a necessarily fun morning. I want to say thank you to
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channel sponsor Fortuna Mining. Here's their website if it pulls
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They have gold in the ground in Canada, 2 multi million ounce
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36:01
All right guys, I'm going to wrap it up for this morning.
36:04
Thank you for being here. Let's hang in there.
36:06
I think the bottom line is nobody knows.
36:08
The gold and silver markets are acting very peculiar, very
36:13
volatile, OK, But the uptrend remains intact, OK?
36:19
The world has not been solved, OK?
36:22
The, the geopolitical turmoil on top of that, we know.
36:26
We know. I'm sorry.
36:28
You know what, I I apologize. I don't want you guys getting
36:30
mad at me. Let's go out.
36:32
This has not been solved, OK? And the big breaking news over
36:35
the weekend, interest on the national debt now officially
36:39
tops $1 trillion. But but and we almost forgot to
36:45
check how many ask you a question, how many how many
36:50
paper dollars electronic make believe Fiat dollars do you
36:54
think are being created via the M2 money supply right now for
36:59
each one ounce of silver that's being produced.
37:02
And there's your answer 1025. We'll go out and update our
37:06
spreadsheet. The other thing we want to
37:08
remember is we're watching silver get killed today is that
37:13
is happening at a 410 to one paper to silver ratio.
37:19
This this number appear the dollar to silver ratio measures
37:23
the increase in the M2 money supply for each one ounce of
37:27
silver that's produced. This measures how much paper
37:30
silver, how many paper ounces are being traded on the
37:34
electronic exchanges for each one ounce of silver that they
37:39
have to back. Those 400 oz, Yeah, those 400
37:44
oz, which is 401. Let's go out and update our
37:47
spreadsheet here. Wow, it just continues to
37:50
skyrocket. 1025. OK, I'm going to repeat
37:58
something to you is silver and gold investors.
38:02
One of the most critical things we can do is measure our wealth
38:05
in this ounces, OK, because 100 years from now, people aren't
38:12
even going to know what this probably is or was right?
38:15
200 years ago, people didn't really would would not have
38:18
recognized that in either of those time frames.
38:21
People have always and will always recognize this and gold
38:27
is having value. OK, thank you for being here.
38:30
Hang in there. OK, The week is young and I
38:33
don't know we have till Wednesday for Thanksgiving.
38:36
Things are going to get better in the silver and gold
38:38
community. Thank you guys for being here.
38:40
Thank you to the moderators, Jake from Jake's Custom Parts,
38:43
Annie Oakley and Big Tim the Silvershire.
38:45
Thank you Susie, thank you Don Howe.
38:47
Thank you Dwight for the Super chat that lifted my spirits this
38:52
morning. You guys have a great day.
38:54
OK. And I will see you soon.