Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡$44 SILVER⚡- You Best PAY ATTENTION to This!... 🎅 (Gold Price Also)

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⚡$44 SILVER⚡- You Best PAY ATTENTION to This!... 🎅 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  $44.00 silver by Christmas is still in play.
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  Remember when you were a kid and somebody promised you something
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  for Christmas? They better darn deliver, you
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  can rest assured. The market and I are rooting for
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  $44.00 silver by Christmas. It is still a distinct
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  possibility and we're going to talk about the reasons why and
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  the examples in this video. Thank you for choosing to join
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  us here in the basement. You belong here.
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  You're part of the group, part of the clan.
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  You can call yourself a basement dweller if you like.
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  But what I'd really like you to do is please subscribe to the
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  channel, give the video a thumbs up.
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  Super chat, super thanks. PayPal donations never expected,
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  but always appreciated. Now let's talk about these
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  reasons why we can still see $44.00 silver by this Christmas.
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  Number one, despite where the price may be today, there is
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  very little overhead resistance for silver around that roughly
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  $30 per oz level. I want you to think about this.
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  The people that you know, that own silver, how many of them are
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  sitting around thinking, yeah, if it ever gets to 44 dollars or
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  if it ever gets to $40 or $38, I'm going to sell.
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  How many people do you know? Are you one of those people?
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  I don't know anyone telling me that they're going to sell their
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  silver at 38 dollars, $42.00, anything like that.
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  What that means, why that's important to understand, is that
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  there's very few people that are going to be putting new silver
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  onto the market at those levels. So we have very low overhead
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  resistance and that is important as we move forward.
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  The other big factor going on is this massive short position on
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  the COMEX and the LBMA, the London Bullion Market
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  Association, those friends of ours in London who've been
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  manipulating the silver and gold price longer than even the nice
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  people who work at the COMEX here in the United States.
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  I've heard estimates of anything from 200 million all the way up
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  to 700 million ounces of silver sold short.
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  Yes, that means they sold the silver and at some point it
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  needs to be covered regardless of whether it's a net against
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  another trade, whatever. But no matter how you slice it
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  and dice it, at some point those shorts need to be covered.
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  And that would create potentially an explosive
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  situation for the silver price if we did get into a Santa Claus
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  short squeeze. Oh my gosh, maybe we just
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  invented a whole new movement. The Santa short squeeze for
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  silver. The silver Santa short squeeze.
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  Woof. Now that's a mouth hole.
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  What about the cup and handle? Let's look at it briefly because
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  it's still in play. And I think this is an
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  interesting different way to look at it from the Jerusalem
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  Post. And Nope, I don't want that.
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  This is a chart of the yearly close in silver in this, my
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  friends, is very interesting to look at because on a yearly
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  basis, you can see the cup. You can see the handle, right?
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  And don't forget this goes back 44 years.
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  This is one of the most predictable technical chart
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  patterns in the in in the world. Number one.
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  This is one of the longest cup and handles from a time
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  perspective. And the longer the time period,
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  the more reliable the result. This we could see when it breaks
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  out moving. I mean, who knows This alone,
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  right? Creates a situation where we get
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  silver over $100 per oz. The next thing we need to talk
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  about our new stacker coming into the silver sector.
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  We have more and more people. I'm hearing this from my
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  contacts in the bullion industry saying there's so many more new
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  people in a common theme amongst these people is they want to get
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  their money out of the banks. It's happening and it's
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  happening right now. And if we briefly go on a field
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  trip around the world, right, look at the whole big great
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  world, the world and what's going on with the bricks and D
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  dollarization. Russia, their central
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  government, their government talking about buying silver is a
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  strategic reserve type asset. Guys, we could talk about this
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  for the next hour, but the world is changing in a way which is
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  very beneficial to the demand profile for silver, gold as
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  well. But we're focused then on silver
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  right now. I want to focus in on you for
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  just one more second. I want to tell you again, it's a
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  big deal. I appreciate you being here.
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  Thank you for being part of this.
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  Ron's basement, right? It's a it's really an honor when
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  you give me your time. We know China and India
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  investors, right? On a big picture geopolitical
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  level, we know what's going on with bricks.
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  But on a more micro global level, the Indian investors, the
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  Chinese investors for gold and in particular silver offer an
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  unbelievable opportunity for more and more purchases
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  essentially of what is a dwindling, dwindling supply of
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  silver. If you heard, I got breaking
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  news. Look, maybe some of you are
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  brand new, but for the 99% of you've been around a while, you
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  know that the supply deficit are the, the, the deficit in the
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  silver market is real. Industrial demand is exploding,
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  OK. That alone is eating up so much
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  of the world's silver supply. We got this massive deficit in
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  the silver industry. Let's go back over here.
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  Hold on. Here it is right here.
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  Let's take a look at this chart and I need to pull it up for
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  you. I apologize.
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  Here we are. OK, Silver mining and
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  consumption, in case you haven't seen, we talk a lot about this
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  deficit in the silver industry, but to see it visually is
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  astonishing. Back in 2022, you can see this
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  light green turquoise colored line.
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  That's the total mined silver supply.
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  You can see it down here, OK. In 2022, the darker blue line,
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  which is total silver demanded excluding physical investment
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  overtook on a visual level, this is stunning guys.
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  In this whole area where you see my arrow, that is the deficit,
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  that is the amount of silver that's being demanded, OK.
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  And that excludes physical investment that is greater than
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  what is being provided by the mining companies.
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  This can only be resolved in one manner and that would mean
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  higher prices for silver. Let's go back here and take a
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  look at another crazy chart that we have for silver.
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  This will show us make sure we got you on the right screen.
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  Yes, another interesting component of what is going on in
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  the silver market and that is we talked about the cup and handle.
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  This is the upside down or inverse head and shoulders that
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  is occurring in the handle of the cup and handle.
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  You see the S, the H and the S that shoulder, head, shoulder.
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  Imagine a person standing on their head.
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  So you got their shoulder, their head and their shoulder.
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  This is another like highly reliable technical chart
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  pattern. And when this breaks out right
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  from the shoulder, head, shoulder, it typically breaks
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  out powerfully to the upside which we have been experiencing
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  right and and likely will continue to see that occurring.
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  The other interesting thing on this chart are a lot of
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  descending wedge patterns that again, silver has broken out of
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  another sign that we have more and more people, right?
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  Because just the people alone, what is going to drive the
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  silver price and can drive it through the end of the year is
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  investor demand, right? All the smartest people out
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  there are saying it's investor demand.
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  And what we're seeing now even on Google Trends, right, the
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  word silver is trending. Look at this.
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  The only time it's spiked higher, that was probably during
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  that brief little silver squeeze that we had back in what, 2021
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  looks like, yes, right. Look at this.
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  Now, we're not to that level yet, but people are getting
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  interested in silver now. You know, the comex in the LBMA
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  are gonna try to beat it down, no doubt about it, right?
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  But when we look at the big picture for silver, things are
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  intact, right? We know Mexico, the largest
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  producer of silver in the world, the level, the amount, the level
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  of production, the amount of silver coming out of Mexico is
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  going down. OK, the dollar, right?
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  What drove silver from $5 to over $50 from 2001 through 2011?
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  It was a bear market in the US dollar.
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  The dollar is due for a bear market.
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  I mean, really, the dollar again, we could spend another
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  hour talking about why the dollar is becoming worth less,
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  correct? OK, the debt, the financial
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  situation and everything else on top of that, $44.00 silver by
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  Christmas. Do you think it will happen?
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  I want to say thank you to channel sponsor Pinbex Pi MB EX.
• 9:39
  If you think right, you do your own due diligence.
• 9:41
  But if you think the price of gold and silver are going to go
• 9:44
  higher, please consider supporting channel sponsor
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  boxes a one stop shop. That's how I look at it.
• 9:53
  I know when I go there, I'm getting ultra competitive
• 9:56
  pricing. And yes, I do check around.
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  I also know that I'll get a great selection.
• 10:01
  And what I know as a foundation of it all is that it's a company
• 10:06
  I can trust. I've had overwhelming positive
• 10:09
  response from you, the Basement, to other community.
• 10:12
  Actually learned about Pinbecs from you, from some of the
• 10:16
  subscribers and people that join us here in the Basement.
• 10:19
  That was over a year ago. I've been a happy customer.
• 10:22
  Do your own due diligence. I think you'll discover what I
• 10:25
  discovered. Pinbecs is best when it comes to
• 10:28
  buying gold, silver or platinum group bullion online.
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  And of course, thank you to channel sponsor First Mining
• 10:32
  Gold and Fortuna Mining. You can learn more about all
• 10:36
  these companies at their respective websites, to which I
• 10:39
  will have a link in in the description of this video.
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  Thank you for being here, $44.00 silver by Christmas.
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  Heck, I feel it now after we've talked on over all these
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  pertinent points regarding what's going to affect the
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  silver price as we go down the road.
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  And guess what? There are even more points that
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  will be supportive for the silver price and the gold price.
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  It's going to be a fun run. I'll look forward to doing it
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  with you. Take care and I'll see you soon.