Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER Investor⚡- YOU Ready for THIS - (MASSIVE Update and News Alert for Gold and Silver Price)
Transcript
- 0:01This is probably the most important live stream video on
- 0:04precious metals that we have ever done because we have
- 0:07massive changes going on. Big, big, good changes in the
- 0:11world of silver, gold, all the precious metals.
- 0:15We're going to hear from the bond king.
- 0:17Big people are talking about precious metals.
- 0:21The king of hedge funds, the new king of silver has a big message
- 0:27for us and even Morgan Stanley. But there's so much going on
- 0:30even just as we focus in on silver first, then we'll get to
- 0:34all of that. Guys.
- 0:35We are in a new paradigm, a new world for the precious metals.
- 0:39I think this could go on for a decade plus.
- 0:42Obviously, we're at $43 per oz silver right now.
- 0:46We'll see later today, on Sunday, September 21st, what
- 0:50happens going into next week. I think we have as good of a
- 0:54potential as ever going into this week for the silver price
- 0:57to continue higher. We've talked about it ad nauseam
- 1:01that we could easily move from this 4243 forty $4.00 per oz
- 1:06range straight up to 50 and do that very quickly.
- 1:09So buckle up, butter cups, we could be in for a wild ride.
- 1:12But let's first look at some crazy things going on specific
- 1:16for silver. And then we're going to get to
- 1:17these big names that are signaling a major sea change, a
- 1:21major shift in the world, world right now as we are alive in the
- 1:26world of precious metals. Hey, before I do that, thank you
- 1:29for being here. It's a big deal that you join me
- 1:31down in the basement. I hope you enjoy your time down
- 1:34here with me. Please subscribe to the channel.
- 1:37It's absolutely free. OK, Leave a comment in the
- 1:40comment section because we want to hear from you.
- 1:42We want to learn from you, like share, subscribe, all that great
- 1:45stuff. Super chats, donations are
- 1:47always super appreciated. Never expected.
- 1:49Now let's get to the meat of this video.
- 1:51This is going to be fun, guys. We're going to start out with a
- 1:54piece of data that came from our friend Tabi Costa.
- 1:57Much respect for him. India is not letting up.
- 2:01Their silver imports have soared to record highs over the past
- 2:05three years. Make sure we got you on the
- 2:08screen, which we do. Much like the trend we've seen
- 2:11with gold, this shift deserves close attention.
- 2:14Central banks are the next logical major buyers of silver.
- 2:21Yeah, Isn't that interesting? We think we know Russia is doing
- 2:24it. We heard some speculation about
- 2:26Saudi Arabia. But guys, everywhere we turn,
- 2:29there's good news for silver, he said.
- 2:31Yes, this trend has already begun, but we're likely just
- 2:34getting started. Look at the imports,
- 2:38unbelievable. I mean you can see an overall
- 2:41trend going all the way back 20 years and then if we change
- 2:46colors to let's do yellow just here in the last what four
- 2:51years. Either way you look at it, the
- 2:52trend is way up. And don't forget India, China,
- 2:56the East, they are the new force when it comes to precious
- 3:00metals. They are going to be the new
- 3:02source of what we call price discovery is they are taking
- 3:06over the the demand perspective. All right, we got to move on.
- 3:10Big news also this week, very interesting about things
- 3:13happening in the overall, I guess you would say electronic
- 3:17side of of silver, the SLVETF very interesting borrowing fees.
- 3:26This was on Friday. We're spiking higher.
- 3:28But what's key here, there were two days last week of 0 shares
- 3:34available to borrow. What that means is there were no
- 3:38shares of the SLVETF available for people to sell short.
- 3:44We've got major big developments going on in between silver and
- 3:48gold, but in particular in the silver market.
- 3:51Let's go to the next piece of oh, this is fun, this is big,
- 3:55right, right. The cup and handle that we
- 3:57talked about again, another one from Tavi Costa, but the cup and
- 4:01handle that we talked about exhaustively.
- 4:03Hold on here, having some tech issues, we should be back.
- 4:07Yep, let's make sure you guys are still here with me, which
- 4:10you are. OK and hold on here, OK?
- 4:15OK. With seven days left, the
- 4:17quarter end is almost up. September 30th will be the end
- 4:20of the third quarter. OK, Silver is on track to post
- 4:24its highest quarterly close in history.
- 4:27If this closing level holds, it would mark a major technical
- 4:31breakout. Cup and handle formations like
- 4:34this often precede sharp sustained moves once all time
- 4:38highs are breached. Of course, do your own due
- 4:40diligence. All that great stuff.
- 4:42But what he is saying on this chart, so on a quarterly basis,
- 4:47guys, oh boy, we got a it's been a week.
- 4:49Let's get the crayons out. What color you want?
- 4:51Pick a color. I know you picked orange.
- 4:54OK, look, going all the way back to 1980, we had $50 silver.
- 4:59The price went down in 2011, we hit $50 silver again.
- 5:03Do you see that? That is called a cup.
- 5:08OK, I need to erase part of that.
- 5:10Can I erase something here? Think I can?
- 5:12Hold on. Oh, yeah.
- 5:13Look at that guys. Anyhow, that's the cup from 2011
- 5:19till now, we've been forming the handle, OK, See how that looks
- 5:23like a cup with a handle. If we close up here, which I
- 5:28believe we will by Friday, I think by Friday we we could be
- 5:31talking about $45.00 silver. We will have broken out of this
- 5:35cup and handle on a quarterly basis.
- 5:37We will be up here, OK, now we will be here.
- 5:40This is what you're going to look like.
- 5:43You already look like that. You're going to have a smile on
- 5:46your face. This is big news.
- 5:48A quarterly close, which will be what, today's the 21st, I guess
- 5:53that'll be a week from Monday, or will it be?
- 5:56I don't know. We'll figure it out.
- 5:57It's in nine days from now will be a massive, massive, massive
- 6:02deal. OK, there's no shorts.
- 6:03Last week we had two days with no shorts, no shares available
- 6:06to to borrow on the SLVET F1 more thing.
- 6:10Let's do a quick comex update. We're going to go out to Rafi
- 6:14Farber and hold on here. Rafi has the end game investor
- 6:21sub stack. He's a he's he's loved and
- 6:23respected within the silver community.
- 6:25But I want to go to 1 chart that he shared here in the free
- 6:28version of his. This is the Comex depository.
- 6:33We want to keep an eye on this. Something very interesting.
- 6:35This is the Comex inventories, OK.
- 6:39And something interesting is happening here.
- 6:42The, the the green or the lighter green is are the
- 6:45eligible that's this right here. So I can draw a little line and
- 6:49the darker green are the registered, the registered and
- 6:52the eligible. But in particular, the
- 6:54registered stocks on the COMEX are really shooting higher.
- 6:59The registered stocks as are the as the amount of silver that's
- 7:03actually available to be used to fulfill futures contracts.
- 7:07So there's all kinds of weird stuff going on between the LBMA,
- 7:11the COMEX inventory levels, the the EFP, the exchange for
- 7:15physical level, the actual physical level of silver in the
- 7:19LBMA. And now we get this, that the
- 7:21registered amounts at the COMEX appear to be kind of shooting
- 7:26through the roof. The way you can think about
- 7:28this, OK, The difference between these registered and eligible
- 7:31stocks, The the simplest analogy I can come up with, if you think
- 7:35of Twinkies, you know, those snack cakes, OK, And you think
- 7:38of Walmart as being the Comex. Walmart has a certain amount of
- 7:42Twinkies on the shelves in their stores.
- 7:45Those would be the registered, the registered inventory, the
- 7:49the, the number of Twinkies that they have in their warehouse,
- 7:53right that they have but aren't available to be delivered to
- 7:56customers immediately. That would be the eligible
- 8:00stock. So I hope that helps.
- 8:02Very interesting developments again there.
- 8:04Now, what did the king of silver himself, the new king, the new
- 8:08Hunt brothers, David Bateman, this guy, right, that has
- 8:11massive, what does he have 13 million or just shy of 13
- 8:15million ounces of silver, over $500 million worth of silver.
- 8:19He dropped a bomb on us. And there's a reason why we want
- 8:21to listen to this, especially when we look at this
- 8:24relationship between silver and gold.
- 8:27And here he is. Sorry guys, the the tech is
- 8:31giving me a little trouble this morning.
- 8:33But now you can see this David Bateman, there he is himself.
- 8:37Listen to this. I bought 400 million worth of
- 8:39gold, $400 million worth of gold last year.
- 8:42Must be nice. And bagged a measly .01% of the
- 8:46annual global mine output. So he spent 400 million and got
- 8:52what, 110th of 1% of the total global gold output?
- 8:56I also bought 400 million worth of silver and purchased 1.5% of
- 9:04annual global silver stock. That's 1500% more.
- 9:11OK percentage wise. Do you get while why silver is
- 9:16passing up gold now? It's the most coveted resource
- 9:19on earth actually has far greater demand than gold.
- 9:23OK, and he's a gold and silver guy and I love gold and silver
- 9:26as well, but he's pointing out some crazy and there's more
- 9:28crazy cuz stay with me. I got the other.
- 9:31I forgot to mention it early. Another crazy fact about what's
- 9:34going on in the silver market in particular.
- 9:37But he said I learned early in my business career not to make a
- 9:41private placement without knowing the total shares out
- 9:43outstanding. What he means by that is that
- 9:47that silver is actually from a, from from a, from looking at it
- 9:52from his perspective, more scarce than gold at this point.
- 9:55Very interesting. Then here's an article he posted
- 9:57from Barons. Gold is hot, but silver is
- 10:01hotter. So what's this Look, I made
- 10:03videos about this two months ago.
- 10:05Nobody really paid attention. I think this is the biggest
- 10:09potential catalyst for silver, along with a few others that
- 10:13we'll talk about as we go into the next year.
- 10:16Something that nobody's talking about.
- 10:18OK, And that is jewelry demand. OK, listen.
- 10:22OK, listen. And it's not just me now, right?
- 10:24You didn't listen to me two months ago.
- 10:26I don't blame you, OK? But now, Oh, shoot, Where did
- 10:30this go? Hold on, Hold on, hold on.
- 10:33Bear with me. See if I can find.
- 10:37Let me you get to watch me struggle for a few moments and
- 10:41you see if I can find this article.
- 10:43Apparently the tech is really giving us.
- 10:45Here we go. Here we go.
- 10:48All right, let's pull that up. Hold on, guys.
- 10:51I got it for you here in one second and boom.
- 10:57All right, there we go. OK, this is from the Wall Street
- 11:01Journal. And there it is.
- 11:08This is going to pull up for us. Yes, it has.
- 11:11Goodbye gold jewelry. Budget friendly silver is now,
- 11:15quote, cooler, sharper and more fashion forward.
- 11:20Silver jewelry can look grown up, even luxurious, if you wear
- 11:24it like this. This is an article from the Wall
- 11:27Street Journal. Why is that important?
- 11:30Because we don't give. We don't nobody talk.
- 11:33Oh, my gosh, Hold on here. Oh, boy.
- 11:38Bear with me, guys. We don't give silver jewelry.
- 11:43It's due. OK, So there, on an annual
- 11:46basis, the amount of silver demanded for jewelry purposes is
- 11:50much higher than any of us realize.
- 11:52Look, we know there's already this precarious balance.
- 11:55This is the reason why it's important in the overall silver
- 11:58market if jewelry were to skyrocket.
- 12:01And what did we just see from the Wall Street Journal, even
- 12:04though we talked about this 3/4 four months ago, is that silver
- 12:08jewelry demand is skyrocketing. But why is that important?
- 12:11Because of this? You see, if I can get this one
- 12:14pulled up for you, hold on here. All right?
- 12:21And come on. Here it comes.
- 12:30It's coming. I think it's happening.
- 12:38OK, AI overview, I asked artificial intelligence, did you
- 12:42know in 2024 silver jewelry accounted for approximately 18%
- 12:48of total silver demand. OK now look, you may say, oh,
- 12:53just 80, that's one in 5 ounces of silver that were demanded in
- 12:582024 were for jewelry. So take a step back.
- 13:02If we already have this precarious balance between
- 13:05supply and demand, we have a silver deficit already.
- 13:08We have for the last five years. We know that in 2016 we had peak
- 13:13silver output from the silver mining companies.
- 13:16If if we have this 20 percent, 18%, but you know, 20% demand
- 13:22component jewelry that is rapidly increasing, OK, While at
- 13:28the same time think about this, retail demand for silver in the
- 13:32United States can basically only go up for here also.
- 13:35So you have jewelry which, which accounts for one and 5 ounces of
- 13:39silver that's demanded. Then you have retail demand,
- 13:42which I read before I came on, they said it's like 30%, which
- 13:45seemed really high for me. But that can only get better.
- 13:49Jewelry's going up, retail demand going up.
- 13:52And wait, there's more industrial demand.
- 13:55We know AD nauseam we've talked about solar panels, batteries,
- 13:59electronics, all that. Those those are the three wise
- 14:02men of silver and nobody talks about jewelry.
- 14:08The Wall Street Journal is now think about this.
- 14:12The three wise men, jewelry demand going up.
- 14:15That's one in five oz. Retail demand can only get
- 14:18better from here. That goes up and industrial
- 14:21demand, solar panels, all that stuff.
- 14:23I don't know, guys, buckle up is all I can say.
- 14:27All right? It's going to be absolutely
- 14:30wild. All right, I'm going to make
- 14:31another video later on. We've gone long enough at this
- 14:34point. But look, Morgan Stanley is
- 14:36talking about gold and silver like never before, like publicly
- 14:41talking about it. We do have Ray Dalio, right?
- 14:43The the hedge fund king talking about it as well.
- 14:46And the bond king, Jeffrey Gunlock.
- 14:49Big, big, big news. It deserves actually a separate
- 14:52video and we've got a data for you on the eight largest
- 14:56countries in the world that are spectacular data at this point.
- 15:01It's going to be exciting to see what happens tonight when the
- 15:04silver market opens. I really believe that next
- 15:07Sunday we could be sitting here. I think we're in one of these
- 15:10situations. I don't say this very often.
- 15:12Those of you who've been in the basement for a while.
- 15:14And by the way, thank you for being here today.
- 15:16Don't forget to please subscribe to the channel.
- 15:19But next week, I think we're going to be in one of two places
- 15:23and it's skews toward the positive.
- 15:25I think we could easily be sitting down here talking about
- 15:284546, maybe even higher dollar per oz silver.
- 15:34I think there's about a 63% chance of that.
- 15:37I think there's about a, what would that be 37, maybe 30%
- 15:42chance that next week we could be sitting down here talking
- 15:46about $41.00 silver. I don't know.
- 15:50Ask yourself a question. Do you think that we are going
- 15:53to see a silver price again in our lifetimes that starts with
- 15:58the number three that is not 300.
- 16:01Are we going to be back into the 30s for silver?
- 16:04I don't know. When I look at everything going
- 16:05on right in the silver ETF market, in the COMEX, the fact
- 16:11that we've got India and China, these are massive players in the
- 16:14world right now. Look at that data we looked at
- 16:16earlier when it came to India and look at what David Bateman,
- 16:21right, the new king of silver told us.
- 16:23I think we're in for some wild, wild good times.
- 16:26Look, a lot of you sat down here in the basement with me when
- 16:29silver was $1816.00 per oz. We knew the story.
- 16:33We knew the compelling reasons why silver was going to do very,
- 16:37very well. I almost forgot.
- 16:39Oh my gosh, I need to say to channel sponsor First Mint right
- 16:42there, a mint in Las Vegas, NV owned by First Majestic Silver.
- 16:47It's a great company. They got great selection, great
- 16:50service, great products. This is one that I am super
- 16:53excited about. This is their 10 oz Folds of
- 16:57Honor bar. I can hardly hold this thing up.
- 16:59It is beautiful, right? It's the US flag folded up, but
- 17:03there's a big special purpose behind it.
- 17:05I'm going to take you out to their website and show you this.
- 17:07This supports fallen and disabled members of the military
- 17:12and 1st responder community. Let me get you out to their
- 17:15website. Here we go.
- 17:17And all right, this is the website firstmint.com.
- 17:24They got a number. They're all these products are
- 17:26unique Las Vegas round. You're the snake, you're the
- 17:29dragon. They got a special right now,
- 17:32$1.00 over spot. First Mint is owned by First
- 17:36Majestic Silver, so they actually source their silver
- 17:39directly from the, the the mines in Mexico.
- 17:42It goes from the mine to the mint directly to you.
- 17:46No, no Comex or LBMA involved in that.
- 17:50But I want to show you the Folds of Honor bar.
- 17:53You can go to their website like I just did go to the store, go
- 17:57down to Folds of Honor. They have a very a moving
- 17:59touching video. OK, what this and when and when
- 18:03you buy a Folds of Honor silver product firm from First
- 18:07Majestic, they make a donation to the Folds of Honor
- 18:10Foundation. OK Folds of Honor is a nonprofit
- 18:14foundation that provides educational scholarships to the
- 18:18spouses and children of fallen and disabled U.S. military
- 18:22members and 1st responders. OK, they got a one ounce round.
- 18:27They have the 10 oz American Flag bar there it is there.
- 18:31And then they also have the the 10 oz Folds of Honor bar.
- 18:35And as you can see down here, right, donations raised by First
- 18:40meant right now it's approaching $400,000.
- 18:44So if you love silver and you love a good cause, check that
- 18:47out as well. Also, hey, thank you to 1st
- 18:49Mining Gold, gold mining company, gold mining companies.
- 18:54The whole gold mining sector is getting very hot right now.
- 18:57I'm not a financial advisor, right?
- 18:59Stocks, bonds, anything, all have risk associated with them.
- 19:02But First Mining, the stock that I've owned for years, long
- 19:05before they sponsored my channel, they have two huge
- 19:09development stage gold projects in Canada, Du Parquet, which is
- 19:13in Quebec, and Spring Pole, which is in Ontario.
- 19:17It's a great company. You can learn more about them at
- 19:19firstmininggold.com. All right, guys, let's see what
- 19:23happens later today. You may be watching this later
- 19:25today. I think we're in for some good
- 19:27times. All the things we talked about
- 19:29today, right? Almost all of them point towards
- 19:33higher silver prices and hold higher gold prices as well.
- 19:37Most important, I want to say thank you for joining me down
- 19:40here in the basement. Take care of yourself, OK?
- 19:43And I will look.