Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER'S NEXT Move! - Be Prepared for THIS (Gold Price News Update)

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🚨 SILVER'S NEXT Move! - Be Prepared for THIS (Gold Price News Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Good news for your silver because there is mass
• 0:03
  uncertainty unfolding all around the world right now.
• 0:08
  We're going to talk about why it's good news for silver and
• 0:11
  gold for that matter. But on a geopolitical level, on
• 0:14
  a financial markets level, we have mayhem, ensuing chaos.
• 0:19
  It feels like everywhere, the oil markets, the Middle East,
• 0:23
  Europe, there's a lot going on, guys.
• 0:26
  And look, we don't necessarily like a lot of what is happening
• 0:29
  in the world right now, but we don't control that.
• 0:32
  What we focus on are silver and gold.
• 0:35
  And when we look at that, there's a lot to be grateful
• 0:38
  for. Let's start with some good news.
• 0:40
  And our friend Rashad, who's got a couple forecast for where we
• 0:45
  could definitely be heading with the silver price.
• 0:48
  Hold on here one second. Want to make sure we aren't
• 0:51
  having tech issues. I've got my hold on.
• 0:54
  Here we go. OK, I think we're working.
• 0:56
  Let me know in the comments if you can see me and hear me
• 0:59
  please. But Rashad says this silver is
• 1:02
  again approaching the apex of the 1.5 long triangle formation.
• 1:08
  The amplitude of the bass applied to the apex targets $140
• 1:15
  plus silver price. But wait, there's more from
• 1:18
  Rashad, but let's look at what he's talking about on this chart
• 1:22
  right here. As you can clearly see, man, we
• 1:25
  just get this over and over again, both in the gold markets
• 1:28
  and the silver markets. It's like we're, we're living in
• 1:31
  ancient Egypt with a bunch of triangles, although in ancient
• 1:35
  Egypt they were pyramids, but you get the point.
• 1:37
  Here's the silver price again, consolidating within this
• 1:41
  triangle. And you know, before we forget,
• 1:44
  let's go take a look at the silver price right now because
• 1:50
  Oh my gosh, silver was down when I woke up.
• 1:52
  Woke up this morning down like, I don't know, a dollar, $2.00.
• 1:56
  We are green in the futures, right at $85 silver like the
• 2:01
  thumbnail for this video talked about.
• 2:03
  And guys, that is incredible news.
• 2:06
  Let's go look at the spot price while we're out here.
• 2:09
  What do you say? Go on a little field trip, OK,
• 2:12
  Down four cents. So we'll come back.
• 2:14
  Hold on here. Yep, I've got it.
• 2:16
  OK, the right screen up. Yep, we'll come back and check
• 2:18
  on that later on. But again, back to Rashad.
• 2:23
  OK guys, we have seen triangle after triangle and with all the
• 2:28
  fundamental factors and with all the momentum factors from a
• 2:33
  technical chart analysis perspective, we have a lot of
• 2:37
  people who are very optimistic that this triangle will break
• 2:41
  out right as time goes by and there's not a lot of time left
• 2:45
  to the upside. But wait, there's more from
• 2:47
  Rashad because then he put this out my view on silver's path.
• 2:52
  Hold on here, there it is, my view on silver's path to an all
• 2:57
  time high. He's going to show us how we get
• 2:59
  to an all time high with initial resistance levels at 100 to 105
• 3:04
  and then 110 to 115. Upon breaking out to all time
• 3:08
  highs, I expect silver price to shoot up immediately to 140 to
• 3:14
  $150.00 level shall pause to consolidate and then start a
• 3:19
  parabolic run to the moon. There's big, but there's
• 3:23
  something very important in that.
• 3:25
  Let's pull up his chart. But and we've talked about this
• 3:29
  many, many times, don't forget just to remind you there's that
• 3:32
  triangle, but we'll get rid of that.
• 3:35
  Here we are right now on the silver chart.
• 3:38
  So what he sees is a move up around A100110 resistance
• 3:42
  consolidation and then you know, this absolute moon shot the the
• 3:48
  fact that he's hold on here, hold on.
• 3:51
  Sorry guys. The fact that he is talking
• 3:55
  about what we talked about just yesterday, which is this
• 4:00
  important part right here, I expect silver price to shoot up
• 4:05
  the the 14150 level where it shall pause to consolidate, OK,
• 4:10
  why is that important? Because everybody talks about
• 4:13
  the silver squeeze, right? We hear it all the time, Silver
• 4:16
  squeeze, silver squeeze. What are we as basement dwellers
• 4:19
  know? We know a lot.
• 4:21
  We know that we've not really had a silver squeeze yet during
• 4:26
  this rally. We've had a silver squeeze, you
• 4:30
  know, kind of a semi squeeze, you know, like when you go to
• 4:33
  hug your 14 year old niece or whatever, right?
• 4:36
  Not a complete hug, not a complete squeeze.
• 4:39
  We don't want the squeeze to happen until, like Rashad said,
• 4:43
  we are at a much higher level. We want the squeeze.
• 4:47
  That squeeze is fine, it's exciting, whatever, but we want
• 4:50
  the squeeze to happen once we've consolidated, once we've
• 4:54
  experienced like a good base at around 120 or 120, $50 per oz
• 5:00
  silver. Let's talk about gold because
• 5:03
  one of the guys that I respect the most in the precious metal
• 5:06
  sector, I've been following the precious metals for 20 years and
• 5:09
  this guy has been always somebody who is honest, okay?
• 5:13
  Which is can kind of be a scarce quality in this day and age.
• 5:18
  But he's definitely like an honest good guy who I've heard
• 5:21
  say things both positive and negative, bullish and bearish
• 5:24
  many times about the gold and silver price.
• 5:27
  But he's got something to say about gold, which will be good
• 5:31
  for silver and we're going to watch.
• 5:33
  This came from Sprott. Hold on here.
• 5:36
  Here we go from Sprott Money. That's Eric Spratt.
• 5:40
  This is like, you know, the highly respected Spratt.
• 5:42
  Spratt said gold tends to rally about 20%, pause, build a
• 5:48
  launchpad and then break out again.
• 5:50
  Let's listen to what Chris Vermillion saying about us
• 5:54
  getting to all the way. It's one minute long.
• 5:57
  But this, this is a guy definitely worth listening to
• 6:00
  about us getting much, much higher gold prices, which we
• 6:04
  know will lead into silver as well.
• 6:07
  He's from the technicaltrader.com.
• 6:09
  Here you go. Here's Chris.
• 6:10
  As you and I have talked about this before, there's always like
• 6:12
  these 20% rallies and then pauses, right.
• 6:15
  And, and if we take a look, you know, we, we go into a big rally
• 6:18
  and then we have some volatility and it takes months to recover.
• 6:21
  We have another rally and then it takes months to recover and
• 6:25
  we've had another rally. And now the question is, you
• 6:27
  know, how is this going to react?
• 6:29
  I mean, we've had, we've had more of these, we had another
• 6:31
  one back over here. And each time we tend to see,
• 6:35
  you know, gold come up near the highs and it and it builds A
• 6:39
  launchpad and then it it breaks out and has a run and then it
• 6:42
  eventually has some rallies and it pushes up and then eventually
• 6:44
  breaks out and it has a really nice run.
• 6:47
  And so here we are kind of in AI think it's somewhat of a similar
• 6:51
  scenario. Volatility is definitely higher
• 6:54
  than it used to be back over here, but we're back up to these
• 6:57
  highs. Maybe gold's going to pull back
• 6:59
  and kind of build some launchpad and create a bit over the bull
• 7:03
  flag and then eventually start to break out and run and the
• 7:06
  next target on gold using Fibonacci extension is pointing
• 7:10
  to about 6100. You and I have talked about
• 7:13
  this. How do you feel about that and
• 7:15
  did you hear what he said during his presentation?
• 7:19
  Goes up, builds a new base, a launchpad goes up builds a new
• 7:23
  base, a launchpad. Same thing we talked about with
• 7:27
  the silver price as well. OK, let's move on to the mad
• 7:30
  rush for gold and silver in trouble.
• 7:33
  If the and the LBMA, one of our favorite subjects, then we're
• 7:36
  going to talk about big money hedge funds starting to pay
• 7:40
  attention to the silver market and that's good for the whole
• 7:45
  silver ecosystem. You know, hedge funds, they
• 7:48
  control a ton of money here in the West and we got some good
• 7:51
  news to look at there as well. Before we do that, thank you to
• 7:54
  1st Mint for sponsoring Ron's basement.
• 7:57
  They are your silver specialist Mint located in Las Vegas, NV
• 8:02
  creating world class silver bullion products.
• 8:06
  They get their silver from First Majestic who owns First Mint.
• 8:10
  So literally it goes from the mine to the mint directly to
• 8:15
  you. Never gets touched by those good
• 8:17
  people at the COMEX or the LBMA. You can learn more about them at
• 8:22
  First mint.com. Let me show you their website
• 8:25
  here real quickly and here we go.
• 8:30
  There's their Year of the Dragon coin.
• 8:32
  They got a whole selection of great unique products.
• 8:34
  You're the horse coin brand new product that they have out and
• 8:39
  we'll watch one more The Buffalo Round.
• 8:41
  There it is right there, guys. firstmeant.com and don't forget
• 8:46
  there is a discount code VIP RB like very important person Ron's
• 8:52
  basement. Thank you, Firstment.
• 8:55
  Thank you guys for all the positive feedback you've given
• 8:58
  us on firstment. Let's talk about the scramble.
• 9:01
  The scramble and some problems at the COMEX and the LBMA.
• 9:06
  We're going to go out to gold money for this one.
• 9:09
  Gold shortages in China, OK? The ICBC and the Agricultural
• 9:16
  Bank of China, those are two of the largest banks in China have
• 9:20
  run out of investment grade gold bars.
• 9:22
  Hold on one second here guys, make sure we got you up having
• 9:27
  some streaming software issue. There we go.
• 9:30
  Now we're on the right screen, OK.
• 9:32
  And silver premiums over London spot are around 13 percent or
• 9:37
  higher COMEX silver contract. This is the important part is
• 9:42
  sinking into irrelevance and right they talk about all the
• 9:47
  craziness going on in the world with China, you know, all the
• 9:50
  craziness about the delivery situation on the COMEX, which is
• 9:55
  dire. However, here's what I want to
• 9:58
  read to you. With over 9 times paper
• 10:01
  liabilities compared with deliverable silver, which is
• 10:05
  also rapidly declining. So they've got it leveraged up
• 10:10
  over 9 times, but at the same time that deliverable silver is
• 10:15
  declining, this COMEX contract is heading for trouble.
• 10:19
  Registered for delivery silver is being withdrawn along with
• 10:23
  eligible since the delivery crisis in London on the 9th of
• 10:27
  October last year, OK all the way back in October six months
• 10:32
  ago, 175,000,000 ounces have gone from the COMEX vaults.
• 10:39
  OK disappeared poof, presumably to London where lease rates have
• 10:44
  also remained elevated, which is also very unusual that in London
• 10:48
  the the amount being charged to lease silver as at times gone to
• 10:53
  almost record levels. So, but to summarize the
• 10:56
  position paper silver in all markets is being in cashed for
• 11:02
  physical despite the fall in prices on on the 29th of January
• 11:07
  when silver peaked at over $120.00.
• 11:10
  And with China being more of a physical delivery market, COMEX
• 11:16
  and London paper contracts are declining into irrelevance and
• 11:21
  that's happening all over the world.
• 11:23
  Is it happening in Chicago? Yes.
• 11:26
  Is it happening in New York City?
• 11:28
  Yes. Is it happening in London at the
• 11:30
  LBMA, the London Bullion Market Association?
• 11:34
  Yes. Is it happening in China?
• 11:36
  Yes. The vaults in China at the
• 11:38
  Shanghai Gold Exchange, in the Shanghai Futures Exchange are
• 11:42
  are also going down critical levels.
• 11:44
  Last week we talked about below 10 million oz approaching 8
• 11:49
  million oz on the I believe it was the Shanghai Gold Exchange.
• 11:55
  I mean, it's our futures exchange.
• 11:57
  It's absolutely crazy. But what about big money hedge
• 12:01
  funds now looking at silver there?
• 12:05
  And there's something crazy interesting about that and, and,
• 12:08
  and, and, and what that means for right, the silver mining
• 12:13
  sector, but also with the physical silver sector.
• 12:16
  Before we do that, thank you First Mining Gold for sponsoring
• 12:19
  Ron's basement, letting us basement dwellers get together.
• 12:23
  Your support is appreciated. First Mining Gold is a gold
• 12:27
  development stage company with 22 multi million ounce gold
• 12:32
  development stage projects in Canada.
• 12:35
  Check them out at firstmininggold.com.
• 12:38
  It's a stock I owned long before they sponsored my channel
• 12:41
  company I covered for years and years.
• 12:44
  But remember, I'm not a financial advisor.
• 12:46
  Please always do your own research and remember investing
• 12:50
  in anything is always risky. All right, let's talk about the
• 12:54
  big money looking at silver. This comes from the man who
• 12:57
  wrote the book, The best selling book about silver, Peter Koroth,
• 13:02
  and it comes from Kitco and Jeremy Safran, great journalist
• 13:06
  within the silver and gold sector.
• 13:08
  Institutional capital scrambles for silver miners as industrial
• 13:14
  demand in Eastern markets reshape global pricing.
• 13:19
  This comes from this guy right here, Peter Koroth, who wrote
• 13:23
  the book. I have it down here somewhere.
• 13:27
  Somewhere, here it is. I'll show it to you in one
• 13:29
  second. OK, The books called the Great
• 13:32
  Silver Bowl Silver Market has officially exited its stealth
• 13:36
  phase. OK, That means people are waking
• 13:39
  up. That means it's not just me and
• 13:41
  you, right? The other 98% of people who we
• 13:45
  affectionately refer to as the sheeple are starting to wake up,
• 13:51
  including the sheeple from the hedge funds.
• 13:55
  And because the because the silver market has entered an era
• 13:59
  of widespread awareness, drawing the attention of multibillion
• 14:04
  dollar institutional funds that previously ignored the resource
• 14:10
  sector and in particular the silver sector.
• 14:13
  According to Peter Croft, author of The Great Silver Bowl and
• 14:17
  editor of the Silver Stock Investor Newsletter,
• 14:20
  institutional money is finally waking up to the profitability
• 14:25
  and scarcity of premium silver miners.
• 14:28
  OK, Which will bring them into the world of physical silver as
• 14:33
  well. And then I'm going to tell you
• 14:35
  why. There's two reasons why this is
• 14:37
  very important. Up until last year, he said, the
• 14:39
  big institutional investors were only sending 1 analyst to check
• 14:44
  things out. I believe he's talking about the
• 14:46
  the PDAC conference that just wrapped up in Toronto this year.
• 14:51
  OK, Instead of sending 1 analyst, the big institutions
• 14:55
  are sending full teams. This influx of capital is
• 15:00
  targeting A sector defined by a profound scarcity premium.
• 15:06
  Why is that important guys? Because the silver market, this
• 15:11
  stuff, right? There's the back of the Buffalo
• 15:14
  round. Who doesn't want to look at some
• 15:16
  pretty silver from First Mint, isn't it?
• 15:19
  This is scarce. There's a scarcity premium.
• 15:22
  It's a tiny itsy bitsy market. Physical silver and the silver
• 15:28
  mining sector is. And when something is So look,
• 15:31
  we paid the dues, OK? We went through the valley of
• 15:34
  despair, especially in the world of silver for decades, right?
• 15:40
  But because of that, it became a tiny, tiny market.
• 15:43
  The good news is when something is so small, right?
• 15:47
  When you're, when you're talking about going from, let's say a
• 15:50
  percentage from like, oh, let's say 2, we will be generous. 2%
• 15:56
  of Western investors are invested in silver to go from 2,
• 16:00
  The 6%, right? That's a 3X move in demand in
• 16:05
  money coming in to go from 2% to 10%.
• 16:10
  Oh my gosh, which could definitely happen.
• 16:13
  That's a 5X move. It's a lot easier to have a
• 16:16
  massive increase from a small number.
• 16:19
  That's called the Ron's basement law of small numbers, and that's
• 16:22
  what we have right now. It is a key, key competitive
• 16:27
  advantage to being invested in the world of silver and darted.
• 16:33
  There was another reason why I wanted to Peter Kroff.
• 16:37
  Anyway, thank you, Peter. There's something else I wanted
• 16:39
  to say about that, but I forgot. Welcome to live streaming.
• 16:43
  OK, next step. All right, let's talk about
• 16:47
  everybody's, everybody's, everybody's talking about this
• 16:51
  big, big, big news story that we're entering a period of time
• 16:55
  very similar to the 1970s. Here's what I forgot to show
• 16:59
  you. There's the book, The Great
• 17:00
  Silver Bowl, like considered to be one of the best books ever by
• 17:04
  Peter Croft, the guy that we just talked about, considered to
• 17:07
  be one of the best books ever written about silver.
• 17:11
  I read it. Great book, wonderful.
• 17:13
  But everybody's talking about the current period that we're in
• 17:16
  being like the 1970s. OK, We're going to look at some
• 17:18
  data that's come up and then we're going to talk about why
• 17:22
  that's such a big, big deal. So here is here is a post from
• 17:31
  Ash. He says this can't be a
• 17:35
  coincidence. the US current inflation is literally mimicking
• 17:40
  the 1970 to 1980 time period. And that's not the only common
• 17:46
  thing. During the 1970 to 1980 period,
• 17:50
  oil prices shot up. There was war escalation in the
• 17:54
  Middle East. We know that's the case.
• 17:56
  Gold and silver rallied hard. the US economy was in a
• 18:01
  stagflation phase compared to today.
• 18:04
  And each one of these is exactly the and look at this chart
• 18:08
  comparing the current and right the white line, which is the
• 18:11
  current inflation situation to the gold line, which is the
• 18:14
  1970, the 1980 situation. But guys, like he said, OK, a
• 18:20
  couple things. Hold on, let's go back, hold on,
• 18:25
  here we go. Like he said, OK, and remember
• 18:30
  Ash crypto, 2.1 million followers, We're going to talk
• 18:34
  about that in one second. We are mimicking what happened
• 18:38
  in the 70s. During the 1970's, the silver
• 18:41
  price went from $1.50 per oz all the way to $50 per oz.
• 18:49
  If you know that chart we just looked at that shows how
• 18:53
  inflation's doing the same thing.
• 18:55
  If silver were to do the same thing, right, we could be
• 18:59
  looking at silver prices similar to the to the shadow stats
• 19:04
  adjusted 1980 high of $1700 per oz that we talked about
• 19:09
  yesterday, right? During the 1970s, during that
• 19:12
  stagflation, during the 70s, which now even the mainstream
• 19:17
  media is talking about the fact that we are going into a
• 19:20
  stagflationary environment, stagflation, A stagnant economy
• 19:26
  with inflation. Think about it.
• 19:28
  Is the economy stagnant? I think a lot of people would
• 19:31
  argue that it is a lot of people out there trying to raise a
• 19:34
  family and and earn a living. Absolutely right.
• 19:38
  Are we going to have runaway inflation?
• 19:40
  Well, we've got oil last week checked at $100 per barrel and
• 19:45
  oil is in everything. Oil is the lifeblood of the of
• 19:48
  the US economy of the world economy.
• 19:51
  So yes, we can definitely have stagflation.
• 19:54
  I'd like to point out to you long term basement dwellers,
• 19:57
  those of you who were down here with us when the silver price
• 20:01
  was $27.00 per oz that we talked about this.
• 20:04
  We talked about it 2-3 years ago.
• 20:07
  Remember this is the box that we're not supposed to open right
• 20:11
  with Jerome inside. And we talked about stagflation,
• 20:15
  A recession with inflation in the old.
• 20:18
  That is the scariest thing. You say the word stagflation and
• 20:22
  you know what he does. He goes, shuts his box. the Fed
• 20:26
  hates stagflation because they are in a box like that box
• 20:30
  shows, right? If they have inflation, OK, they
• 20:34
  need to raise interest rates. But if it's the same time we're
• 20:38
  we have a stagnant or a recessionary economy, raising
• 20:42
  interest rates to fight inflation makes the economy
• 20:45
  crash harder. Well, then they got to run over
• 20:47
  there and they they got to cut rates to deal with a crashing
• 20:50
  economy. But when they cut those rates,
• 20:53
  that makes the inflation go up even higher and it turns into a
• 20:57
  big circle of monetary policy doom of which in the past has
• 21:04
  led to much, much higher solid, rapid increases in the price of
• 21:09
  precious metals. Now, before I forget the other
• 21:12
  key thing about that post we just looked at, that's from a
• 21:15
  guy named Ash Crypto. He's a crypto.
• 21:18
  We've got new big influencers focusing on what is happening
• 21:24
  right now in the overall economy, but also gold and
• 21:28
  silver. Remember what he said at the end
• 21:30
  of that post? He's a traditional crypto
• 21:33
  person, OK, And he has 2 million followers.
• 21:36
  Believe me, it's not going to take a lot of new people coming
• 21:40
  into the silver and gold world joining us down here in the
• 21:43
  basement to make a massive, massive impact on the prices of
• 21:49
  these metals. It really is truly incredible.
• 21:52
  You want to hear something really exciting, I got something
• 21:56
  for you, OK. And this comes from Jesse
• 21:59
  Colombo, who's now become like the most popular Substack author
• 22:04
  in the gold and silver sector. And I got to give him credit.
• 22:07
  There's a reason why he's doing so well.
• 22:09
  He came up with something very exciting about the gold price.
• 22:14
  And remember, when we talk about gold, we're talking about
• 22:17
  silver. But something that nobody else,
• 22:19
  as far as I know, has ever brought up.
• 22:22
  And it has to do with a brand new cup and handle formation
• 22:26
  forming potentially what is forming in the gold market, but
• 22:31
  looking at it from a whole different perspective, which
• 22:34
  makes sense that we could see a whole new big wave of demand
• 22:39
  coming into the precious metal sector.
• 22:43
  I got an e-mail from him. I'm not a subscriber, but I'm a
• 22:46
  big, big fan of his. Now.
• 22:49
  I want to share this with you. OK?
• 22:52
  This is a chart from the e-mail that he sent.
• 22:54
  I'll explain this to you once I get it up on the screen in just
• 23:00
  one second, OK? It should be on your screen
• 23:03
  right now, basically. You know what?
• 23:06
  Let me go back here. Let's go back to the top.
• 23:08
  He sent out this. We got to give him his due.
• 23:11
  This will send gold soaring. Okay.
• 23:14
  While many investors believe gold's powerful surge means the
• 23:18
  best is already behind us, I believe the opposite.
• 23:21
  There's a new source of fuel on the horizon that will send gold
• 23:27
  far higher from here. What's this new source of fuel?
• 23:32
  And there's Jesse right there. And again, it's the bubble
• 23:35
  bubble report on sub stack. You can check it out.
• 23:38
  OK, there's the gold price. We're not going to look at that.
• 23:41
  There's a, he gets a great, a great description of the cup and
• 23:46
  handle right, That in a cup and handle formation, you have a
• 23:50
  high like this right here. Then it goes back down, forms a
• 23:54
  cup. It's another high at that
• 23:57
  resistance line, right? There's resistance right there
• 24:01
  goes back down, starts to create the handle.
• 24:05
  So there's a cup, there's a handle, all right, goes back up
• 24:08
  to resistance and then a breakout.
• 24:10
  As you know, we had like the world's most epic ever cup and
• 24:14
  handle in the silver market 45 years.
• 24:17
  Many of you I'm sure are very aware of that.
• 24:19
  But this is a new cup and handle in this is looking at something
• 24:24
  very interesting. It is looking at the GLDETF in
• 24:30
  the total number of shares. Now, why that's important is
• 24:34
  because each share of the GLDETF represents one ounce of gold in
• 24:40
  a vault that backs it up. And what he so keenly noticed
• 24:45
  was that when you look at the total number of shares in this
• 24:49
  hold on here, this goes back to 2000.
• 24:53
  Hold on, get it on the screen. Well, here we go.
• 24:57
  This is 2011. So in 2011 we had question.
• 25:04
  Excuse me someone. Has a.
• 25:06
  Question. OK, Let me let me come back to
• 25:08
  you in one second, please. Upstairs, Susie had that
• 25:11
  question prepared. Thank you.
• 25:15
  If it's just about that chart, someone thinks that should we
• 25:18
  form a cup? No.
• 25:21
  Yeah, cup, Yeah, yes, yes, yes. Here's the cup right here.
• 25:26
  Now what we're again, what we're looking at are the total number
• 25:30
  of shares in the GODETF. 2011 hit a high.
• 25:35
  What is that? 1400 tons, 2020 hit another
• 25:39
  high. So here's the cup right here,
• 25:42
  OK? And now we are in the process of
• 25:47
  creating a handle, OK? It still needs to get up here.
• 25:51
  It still needs to get up here to resistance.
• 25:53
  But when it breaks through, right, the total number of
• 25:57
  shares of the GLDETF could skyrocket.
• 26:01
  Why is that important? I'll tell you why that's
• 26:03
  important, right? Because what that shows right
• 26:06
  now is that overall Western investors are not invested as
• 26:10
  much in, in, in, in physical gold or the gold ETF is even
• 26:15
  what we had in 2011 or 2020. We said it many times.
• 26:20
  There's such an incredible opportunity for massive growth
• 26:24
  of new Western investors to come into the gold and the silver
• 26:29
  market. We don't.
• 26:30
  Maybe he'll do the same thing with the SOVETF.
• 26:33
  That would be very interesting to see.
• 26:35
  But guys we don't even have there's there there there was
• 26:38
  there was more money invested in the GLDETF in 2011 and in 2020.
• 26:46
  Again, those two points help create that cup that we have on
• 26:49
  the cup and handle. Now we're in the handle, but
• 26:52
  we're not even back to those levels.
• 26:55
  Think about when more people come in and we know something
• 26:59
  very critical right A a, a big critical fact that big money.
• 27:03
  Well, what did Peter correct just with silver, the
• 27:06
  institutional money. What does the data from the
• 27:10
  COMEX in the LBMA and the Shanghai Gold Exchange show us
• 27:14
  where the inventory levels are being depleted?
• 27:17
  The big money, the smart money, the hedge funds, the world
• 27:22
  central banks, the institutional money, the family offices,
• 27:26
  Right? They are investing into the
• 27:30
  precious metals. The retail crowd.
• 27:33
  There's another word some people use for that, but we'll call it
• 27:36
  the retail crowd. Not you.
• 27:39
  No, not you, not me, right? Not us, not basement dwellers.
• 27:44
  We're into it. But everybody else, double sheep
• 27:47
  all day. The sheep all have yet to join
• 27:53
  us. If the sheeple were here, right,
• 27:55
  we would have more shares in the GLDETF right now than we had in
• 28:02
  2011 or 2020. We're in record territory.
• 28:06
  I mean, what are these people thinking?
• 28:09
  We need to wake them up. Let's check in with upstairs
• 28:12
  Susie to make sure I got that question answered.
• 28:15
  For those of you who don't know, that's my lovely wife and
• 28:18
  assistance. Probably the one of the
• 28:19
  sweetest, nicest people alive on the earth, and she helps out
• 28:23
  with the live streams. Spot silver Susie, are you there
• 28:25
  over. I put that silver spot Susie.
• 28:27
  Oh, sorry. Better.
• 28:27
  OK. And yes, I think that you did a
• 28:32
  good job. I.
• 28:33
  Did you just? Got a super chat?
• 28:37
  From Brian, Brian Nelson, thank. You for the Super chat OK, is it
• 28:43
  is it silver spot Susie or spot silver So Susie.
• 28:51
  Are you there over Silver Spot, Susie?
• 28:58
  OK, I'm sorry. I will never screw it up again,
• 29:00
  Silver Spot Susie, she says. I answered the question cup and
• 29:04
  handles. You got to realize whether we're
• 29:06
  looking at GLD shareholdings or we're looking at the price of
• 29:11
  silver, they are the most watched, most reliable chart
• 29:17
  patterns in the history of the world and all across all
• 29:20
  different asset classes and the one in silver.
• 29:23
  And the longer they, the longer time period they form over, the
• 29:28
  more powerful, right and accurate they tend to be, right.
• 29:33
  And remember that one in silver, 45 years, 45 years from 1980
• 29:39
  through 2026. So yeah, it's going to be
• 29:42
  interesting. Even the one we just looked at,
• 29:43
  what was that? 2011 to 2020 and then 2020 till
• 29:48
  now, that's a really long time period as well.
• 29:51
  I'm going to run out and say thank you for our super chat.
• 29:55
  Oops, sorry, wrong one. Here we go, Comments and hey,
• 29:59
  hey, hey. Oh, wow.
• 30:01
  Brian. Brian Nelson, hold on here.
• 30:04
  Love the optimism and great information.
• 30:06
  Thank you. Thank you, Brian.
• 30:07
  Brian Nelson, you're on the screen today.
• 30:10
  You're famous on the Internet. Thank you for your generous
• 30:14
  contribution. Seriously, we appreciate it.
• 30:18
  Hey guys, we want you to come back to the basement basement
• 30:21
  dweller. So please do us a favor,
• 30:23
  subscribe to the channel, give this video thumbs up, share it
• 30:26
  with your grandma and your grandpa and leave a comment in
• 30:30
  the comments section. That's how we learn is from each
• 30:33
  other. Most important, I want you to
• 30:36
  have a great day. I believe we are in some very
• 30:38
  great times when it comes to silver and gold.
• 30:41
  But take care of yourself. Be good and wills.
• 30:44
  We upstairs, Susie and I, we'll see you soon, OK.
• 30:49
  And we see you right now. You're important.
• 30:51
  Take care. Bye.
• 30:52
  Bye.