Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / GOLD & SILVER REVOLT! 🚨 THIS is BIG - Central Banks BUYING, Stackers FIGHTING, COMEX BLEEDING 💰
Transcript
- 0:01The silver market has gone absolutely crazy.
- 0:04You may be wondering what's next.
- 0:06We're going to talk about silver gone.
- 0:09What's going on with the LBMA, the COMEX, the big paper
- 0:14markets, what's going on with the physical market, the retail
- 0:18market for silver. We've got a lot to cover in this
- 0:22video. There is so much going on, guys.
- 0:25Look, we are living through revolutionary times in silver
- 0:29and gold, and I want to say something to you.
- 0:31Thank you for joining me down here in the basement.
- 0:34It's a big honor when you give your time to come join me.
- 0:37Please subscribe to the channel, give the video a thumbs up,
- 0:41include me in your will, do whatever you like.
- 0:43But really, I do appreciate you being here because these are
- 0:47just historic times that we're living through.
- 0:50We got a lot to cover. Let's get started right now.
- 0:53We'll go out and take a look at the silver and gold price.
- 0:56I want to point this out first when we look at what has
- 0:59happened today. Right now we've got silver up
- 1:02$0.18 in the spot market, but let's go look at the futures
- 1:08market. This is the December COMEX.
- 1:11Let me circle this for you. We got a lot of new people
- 1:15joining us, OK? This is the latest on the silver
- 1:18Comex futures market, the December 2025.
- 1:22You can see I have underlined down there at the bottom, but
- 1:24look at what happened today, baby silver showing some
- 1:28strength. Looks like we dropped from about
- 1:30$47 all the way down here to 4550 then and come back strong,
- 1:39OK, Get used to that, but also get used to volatility because
- 1:43there's a lot of craziness right now in these markets.
- 1:47Look, there's massive short positions.
- 1:49There's issues with inventories at the LBMA in the COMEX.
- 1:54There's stuff going on everywhere.
- 1:56But we got to remember this volatility.
- 1:59There's a big reason why it's happening, and that reason is
- 2:03this. It's happening in the paper
- 2:06markets, the COMEX here in the United States of America, in the
- 2:10LBMA, the London Million Market Association in London, England.
- 2:15These are paper markets and there is stress everywhere.
- 2:19I've got a host of things to show you today that indicate to
- 2:23us that this market is not in good shape, but it's in good
- 2:28shape for those of us who've decided to hold on to this,
- 2:32right? Real physical metal, real
- 2:34physical silver. That's a 10 oz bar from channel
- 2:38sponsor First Mint. They're right there, right above
- 2:41my shoulder, right? First Mint makes these
- 2:44broadcasts possible. Let me talk about them for a few
- 2:47seconds and then we're going to run into some unbelievable data
- 2:49guys. But First Mint is owned by First
- 2:52Majestic Silver, whose CEO is Keith Neumeyer, one of the most
- 2:56respected names in precious metals.
- 2:58First Majestic Silver mines, the silver in ships at the first
- 3:03meant right there in Las Vegas, NV.
- 3:06That's their meant where it's transformed into world class
- 3:09silver bullion products. And then you know where it goes.
- 3:13Yeah, it goes straight to you. It doesn't go to the Comex,
- 3:16which we're going to talk about. It doesn't wait till you see the
- 3:19data coming out. It doesn't go to the LBMA so
- 3:22that it can become part of the SLVETF.
- 3:24No, that silver that you get from First Mint goes from the
- 3:27mine to the Mint to you. Let me show you their website
- 3:31real quickly and then we're going to get into some get into
- 3:34some incredible data. This is First mint.com, which
- 3:39you should see on your screen right now.
- 3:42There we go there's our Las Vegas round.
- 3:45I love that there's the Buffalo round.
- 3:48Love that also I love that Indian.
- 3:51It's one of my favorite pieces of of silver art.
- 3:54There's the Las Vegas round. There we go.
- 3:55The year of the snake, year of the dragon.
- 3:58Don't forget also guys, they've got this really, really cool
- 4:02product line called Folds of Honor which that which benefits
- 4:07the Folds of Honor Foundation, which provides educational
- 4:12scholarship ships to children and spouses of fallen and
- 4:17disabled members of the first responder and military
- 4:21communities. Did I go to the wrong?
- 4:24I sure did. Let's go to Folds of Honor.
- 4:27It's second from the bottom there.
- 4:29They got a whole section on their website about it.
- 4:31Really cool products here. Let me show you one of the Folds
- 4:34of Honor products that I There we go.
- 4:37There's a video you can watch, but I want to show you this one
- 4:41right here. This is their 10 oz Folds of
- 4:44Honor bar. That's the folded American flag.
- 4:47It is really, really cool. And again, when you buy a Folds
- 4:52of Honor product from First Mint, part of the proceeds from
- 4:56the sale go to support the Folds of Honor Foundation.
- 5:00I know they've raised like 375,000 more money that has has
- 5:04given hope and and inspiration to people who are going through
- 5:09very difficult times. All right, let's look at some,
- 5:11let's look at some crazy data out there right now going on in
- 5:15the silver market. Let's go back to you and me
- 5:18first. How are you doing today?
- 5:20How about the SLVETF? This is a crazy piece of data
- 5:24about what's going on at the SLVETF, but there's even a
- 5:28little added bonus at the end. And we get this from Peter
- 5:34Spina, well respected analyst and the gold and silver
- 5:37community. The latest, make sure we got you
- 5:40up there, OK? The latest short report, 4% at
- 5:46close of trading on Wednesday, October 15th was posted on the
- 5:50Wall Street Journal's website on Friday afternoon in purple.
- 5:54It showed a monster new record short position in SLV of
- 6:0083,000,000 shares, which are is equal to Troy oz, up from 54 oz
- 6:0854,000,000. Sorry oz held short in the prior
- 6:12report of two weeks ago, an increase of 55%.
- 6:18Guys, 84,000,000 oz short on the SLVETF this is this is, is is
- 6:26the incredible thing. This is the equivalent of 10% of
- 6:31the world's silver production, OK.
- 6:34And almost a 15% of the total SLV shares outstanding.
- 6:40The SLVETF of as of that last report from the Wall Street
- 6:46Journal shows that 10%, I'm sorry, 15% is short, but it's
- 6:51the equivalent of 10% of the entire annual mining production
- 6:58of silver sold short. That means people borrowed those
- 7:03shares of the ETF, sold them, but they got to buy them back at
- 7:09some point in the future. And that's just, that's just
- 7:12just the beginning at this point.
- 7:13OK, look at this one here. Here's more.
- 7:16We're going to talk about what's going on with the COMEX and the
- 7:18LBMA. And there's so much information
- 7:21flying around, guys, it's hard to keep up with.
- 7:24This comes from Bob the Bullionaire.
- 7:26OK, a price slam is not equal to A to the supply being solved.
- 7:32There's a big issue with supply of silver right now.
- 7:36Silver fell, but the COMEX bolts are bleeding to backfill the
- 7:42LBMA stock out. So now all the silver's going
- 7:45from New York from the COMEX over to the LBMA, 4.4 million oz
- 7:51withdrawn on Friday alone, 15 days of relentless drain, just
- 7:561000 oz deposited. That's absurd.
- 8:00The COMEX is the sponge in, the LBMA is the spill.
- 8:05The silver squeeze rolls on in. The important thing for us to
- 8:09remember here, guys, All this volatility and silver's done
- 8:12quite well today, right? Still holding up at these
- 8:15prices. I'll talk about that in a
- 8:17second. The point, the big point is this
- 8:20is all paper electronics make believe leveraged at what 200 to
- 8:25100 to one, 2:50 to 1:00 the the, the price manipulation and
- 8:31it's very likely going to come to an end.
- 8:35So be prepared. Now let's go look at what's
- 8:37going on in China, OK? Because we know silver's going
- 8:41from the COMEX in New York to the LBMA, but what's happening
- 8:45in China, this also is astounding data that we have
- 8:48from the Shanghai Gold Exchange and the Shanghai Futures
- 8:51Exchange. OK, China's silver drain
- 8:55accelerates the Shanghai Gold Exchange silver vaults.
- 8:59Let me remind you of something, the SGE, that's the Shanghai
- 9:04Gold Exchange, that is the physical market for silver in
- 9:09China. OK?
- 9:10Their vaults dropped down 145,000 kilograms last week to
- 9:17904 tons. The 1st 905 tons, I'm sorry, the
- 9:21first break ever below 1000, the Shanghai Futures Exchange,
- 9:27that's their futures market vaults also lost 17,000
- 9:32kilograms. Now at just 647 tons.
- 9:36We have record low inventory levels at the, at the Shanghai
- 9:40Gold Exchange and the Shanghai Futures Exchange.
- 9:43People are are are speculating that that silver is going to
- 9:48London where there what, where the London silver market broke.
- 9:51And if we look at the data from yesterday from the Shanghai Gold
- 9:55Exchange, we can see still right here.
- 9:58Let me get this, let me get the the markers out.
- 10:01OK. This is the Shanghai Gold
- 10:03Exchange. Shanghai Gold Exchange.
- 10:06This is the physical market for AG, which is silver.
- 10:10They were at $49.63. So it's happening in New York,
- 10:15OK, It's happening in London. It's happening in China as well.
- 10:22And let's look at some more data.
- 10:23This is crazy what is happening right now last week.
- 10:27Oh, this is incredible from PM bug last week in silver, the
- 10:32Shanghai Gold Exchange silver vault loses.
- 10:35Let me get it on the right screen.
- 10:37There we go in green. So the Shanghai Gold Exchange
- 10:40silver vault, this is last week lost 145 metric tons.
- 10:45The futures exchange in China lost 255 metric tons.
- 10:49The SLV London Vault lost 78 metric tons.
- 10:55PSLV silver vault added Right. That's the Sprott Physical
- 10:59Silver Trust. The one everybody trust up in
- 11:02Canada adds 3.1 metric tons. Comex Silverstock loses 432.6
- 11:10metric tons. The LBMA Silverstock, we don't
- 11:13know daily or weekly data because the LBMA is run by
- 11:17dinosaurs, OK? They don't.
- 11:19They don't really put their data out on a regular basis now.
- 11:23Global net change over over periods of time.
- 11:28We go down to the bottom and look at September 1st through
- 11:315th, September 8th through 12th we see additions, but starting
- 11:35on September 15th, we get a decrease.
- 11:39On September 22nd through the 26th, 407 metric tons increase.
- 11:44Same thing September 28th through the 3rd, 90.
- 11:48But then look at what happens over the last three weeks.
- 11:51October 6th through 10th, loss of 300 and 10311 metric tons.
- 11:56October 13th through 17th, loss of 640 metric tons.
- 12:00And look at this number, October 20th through 24th, another loss
- 12:05of almost 1000. Well, 907 metric tons, it's
- 12:10happening everywhere. All right, let's look at the
- 12:13next piece of data. Let's look at what happened
- 12:15yesterday where we had a bad day in the silver market.
- 12:18The silver right, the paper silver market, again to
- 12:21reiterate their papering over the problem.
- 12:24OK, let me highlight that for you in blue.
- 12:28The silver market traded 533 million paper oz yesterday.
- 12:34OK, guys, remember that's what probably 60%, 65% of the entire
- 12:41mining output for a year, right? Mine's working seven days a
- 12:46week, 365 days per year, right. And in one day at the on the
- 12:53paper exchanges, we see 533 million oz, almost 60% of an
- 12:59annual output. So this, what we're seeing right
- 13:01now in the silver market, in my opinion, in the opinion of many
- 13:05others, is manipulation on the paper side here we got a great
- 13:10message. There's something mildly
- 13:14offensive at the end of this, but this is this is the LBMA in
- 13:19the COMEX showing us what they have in terms of silver.
- 13:24And then there's a a message at the very end as well.
- 13:27This takes what, 30 seconds? Show us all the silver.
- 13:34The COMEX in the LBMA get wetty. Look at that.
- 13:39Wonder if we look at all this silver I had underneath there.
- 13:45Wait till we lift it up. Here it comes.
- 13:52Get ready. Oh, we got to laugh.
- 14:01I tell you what, we got to laugh because guys, it's getting crazy
- 14:05interesting out there. Now another interesting point.
- 14:09I got something very interesting about silver that you've I never
- 14:13heard of and I've been following silver for 20 years.
- 14:17I'd likely you've never heard of this either.
- 14:19And it's a new, a new growing source of demand for silver.
- 14:23Before we do that, I do want to say thank you to channel sponsor
- 14:26First Mining Gold. Actually, Keith Neumeyer is the
- 14:30founder of Keith of First Mining Gold.
- 14:32Excuse me, there a development stage gold mining company in
- 14:36Canada. They've got 2 huge projects,
- 14:38Spring Pool in Ontario, du Parque in Quebec.
- 14:41These are multi million ounce projects where the gold is in
- 14:44the ground, their development stage.
- 14:46So they're working through the process of permitting,
- 14:49environmental work, all those great things.
- 14:51But the key thing with them is these are huge projects in
- 14:55Canada which are very, very rare.
- 14:58You can read more about them, learn more about them at
- 15:01firstmininggold.com. Let's talk about this crazy new
- 15:06source of, of demand for silver that I did not know about.
- 15:10Maybe you knew about this, but this comes from Silver Wars.
- 15:14And believe it or not, guys, here we go.
- 15:19Silver Windows and not that kind of windows, right?
- 15:22Not not Microsoft Windows, actual windows.
- 15:25How much silver is on America's glass and films?
- 15:29This is incredible. US windows now in bed, nearly 28
- 15:33metric tons of silver yearly via low E coatings and films.
- 15:38The silent shift, because it's nobody's talking about it,
- 15:42driven by energy codes, is turning architecture into a
- 15:46hidden engine of of structural silver demand.
- 15:50Here's some details no one knows about this giant and industry
- 15:54that siphons silver. And it isn't in batteries,
- 15:57missiles or solar panels. It's in the windows of homes and
- 16:01skyscrapers across the United States where a whisper thin
- 16:06layer of silver is quietly becoming a cornerstone of
- 16:11national energy policy via low it, low emissivity, low E
- 16:15windows and weight down here till you hear how many ounces
- 16:19they're at per year, let's quantify the overlooked in an
- 16:23average silver deposition of .26g per square meter.
- 16:28America's new low E windows and retrofit films.
- 16:31So they're either manufacturing new Windows or they're putting
- 16:35films on windows are annually embedding 28 metric tons of
- 16:39silver into the nation's architecture.
- 16:42That's roughly 890,000 Troy oz put per year.
- 16:49Or to put it differently, a full third of the annual silver
- 16:53demand of all global photovoltaics back in just 2010.
- 16:58This isn't a rounding error, it's a pipeline of new demand.
- 17:04OK, Remember guys, let's go back to it right now, OK?
- 17:10Silver, gold news put this off yesterday.
- 17:14The sell off in precious metals continues.
- 17:17This is what happens in a bull market number one, right?
- 17:20Nothing goes straight but but the downward moves are fake
- 17:25paper contracts backed by nothing.
- 17:28Let's not forget that wielded by bank banksters to discourage the
- 17:33average person from buying physical metals.
- 17:36We know there's some some confidential communications that
- 17:41happened back in the mid 70s when they were setting up the
- 17:44futures exchanges, which are now public domain, by the way, that
- 17:49basically said that, oh, yeah, we're going to make futures
- 17:52exchanges in the precious metals to basically discourage the
- 17:56public from buying physical metals in purple.
- 17:59It says this manipulation props up the rapidly dying Western
- 18:04Ponzi Fiat looting system. Gold is money.
- 18:08Silver is money. Everything else truly is just
- 18:12credit. And then we get Fox News,
- 18:14mainstream media picking clean up on the silver story in
- 18:18particular. We're going to watch that next.
- 18:20It's interesting, but it's Fox News.
- 18:22Before I do that, I do want to say thank you to our friends.
- 18:27Uh oh, hold on. I'm stuck here it is our
- 18:30friends, right? A good old dirty man safe.
- 18:34Look, if you have something valuable that you want to hide
- 18:38that you want to keep safe, maybe you've got a safe in your
- 18:40house. Maybe you have a safety deposit
- 18:42box, maybe you, I don't know, have a vault.
- 18:45I don't know. But I want you to think about
- 18:47something for for the Millennium, for all time people
- 18:51have stored things safely in the ground.
- 18:54And that's right where this goes.
- 18:55Again, it's The Dirty man safe. There's a discount code Ron 10.
- 18:59Think about the pirates. Where did they hide their
- 19:01silver? Where did they hide their gold?
- 19:03In the ground? Safe right from thieves, natural
- 19:06disaster, fire, everything else. These things are super cool,
- 19:11very robust. You open it up at the bottom and
- 19:15then store whatever you like inside there.
- 19:17And then there's a sleeve that gets buried in the ground and
- 19:20this goes in the sleeve with a cap.
- 19:22A very cool. When I got my first Dirty Man
- 19:25Safe sent to me, I was like really impressed.
- 19:29It's a they're they're they're very robust, they're very well
- 19:33made and they're a great way for you to save and to keep safe any
- 19:37valuable items. Don't forget there's a discount
- 19:39code Ron 10. Let's look at what Fox News is
- 19:42saying about the silver market and the gold market right now.
- 19:48The make gold great again. Put this one out yesterday.
- 19:51We're getting coverage and we won't watch this whole thing.
- 19:54However, I need to share the right screen.
- 19:58Fox News takes an inside look at how is made into bars.
- 20:02We'll watch a little bit of the beginning, then I'll skip
- 20:04forward. Everyday silver that you can see
- 20:08right here. They start by melting it down,
- 20:10taking out the impurities. And then they OK, so she has
- 20:13silver trays. I think that a lot of the silver
- 20:16silverware, silver trays that people say, oh, when the price
- 20:20gets so high, people will sell their grandma silverware,
- 20:23whatever. I think that's mostly over.
- 20:25But nonetheless, let's go on. Liquid silver.
- 20:28You can see it right here. They pour it into this big
- 20:31silver that where it's mixed with water and cooled down, and
- 20:35that process produces this pure silver grain.
- 20:39And that. Is taken over here to these
- 20:41robotic arms, dumped into molds and sent into an oven where that
- 20:46pure silver is heated up to a temperature of 1200°.
- 20:54Hold on. Celsius melt it down into those
- 20:58investment grade bars. It's an incredible process that
- 21:00we're witnessing here, and the demand for these types of bars
- 21:03is just Skype. Up, she just said.
- 21:06It this year because as you mentioned.
- 21:07She just said it the. Price is year to.
- 21:09Date demand for those bars is skyrocketing, and this is on Fox
- 21:13News. Have really taken off silver up
- 21:1676% year to date as. Of that 5.
- 21:21Percent as of yesterday as well, no.
- 21:23Why the run up in these precious metal prices?
- 21:26Well, there are a couple of reasons.
- 21:28Concerns about the global economy, concerns about the
- 21:31value of the dollar, and there might be a little bit of FOMO
- 21:34too. People say they're still buying
- 21:36even at these high prices. And leaving here, we'll just
- 21:38watch here through the end we can hear people at the
- 21:40headquarters thing although. We might see some volatility in
- 21:43the near future. What you're looking at here,
- 21:45Stewart, our good friend, said Dylan Gage, which operates the
- 21:48Mint, they made these special bars just for us.
- 21:51You can see Fox business on the Silver Bar.
- 21:53We've also got Fox Nation, Fox News, the whole Fox family.
- 21:56Isn't that great to see these bars, Stewart worth about $5000
- 22:00at today's prices. Just incredible.
- 22:02OK. Bring some back with you.
- 22:04OK, samples. Why not?
- 22:07If I would, I could. Lydia, great stuff.
- 22:10Thanks very much. Works for me.
- 22:12Thanks. OK guys.
- 22:15So that's Fox business, right, reporting on silver skyrocketing
- 22:19demand, OK, the everybody starts showing the the pricing
- 22:24increases that we've had in silver and gold.
- 22:28One more, one more great, great graphic for us to look at.
- 22:31Then we got more to talk about as well.
- 22:33But this came yesterday I thought really put into picture
- 22:37easy to see format for us, the amount of central banks have
- 22:42increased tonnage of gold purchases meaningfully in recent
- 22:45years. So this is a graph that goes
- 22:48back to 2014 and as you can see, here's the last three years,
- 22:56right? 2020, two, 23222324, look at
- 23:03this up here, right? That's the amount of gold that's
- 23:06been purchased by world central banks.
- 23:09To think that this gold and silver market is a like a short
- 23:13term fluke, a spike that's going to go right back, I believe is a
- 23:16huge, huge mistake. OK, We've been able to make a
- 23:20little sense out about about what's going on.
- 23:23I think the activity today that we've seen in the silver over
- 23:26market is absolutely encouraging.
- 23:29Big news, save the best for last.
- 23:31Tomorrow we're going to hear from this guy, our old friend,
- 23:35right, the man in the box that I'm not supposed to open.
- 23:39But we will hear from Jerome Powell, the king of the king of
- 23:43money printing, and we're going to hear from him about interest
- 23:46rates. Let's go take a look and see
- 23:49what we can expect tomorrow in terms of monetary policy from
- 23:52the Federal Reserve. So I it's pretty astounding what
- 23:56we are seeing right now and boom, this is the CME Group
- 24:04Fedwatch tool, OK? This tell shows us right here
- 24:09that in just about 25 hours from right now, we're going to get
- 24:16the news from the Fed and this is what we can expect, OK?
- 24:21This is based upon the interest rate traders, the big money that
- 24:24are trading and basically guys, it's a shoe in tomorrow that
- 24:30rates are going to get dropped to this range 3.75 from the
- 24:34current range of four point O. There's a almost 97% chance.
- 24:41There is a 3% chance. You can barely see it over here
- 24:45that they'll leave rates unchanged.
- 24:47If that were to happen, that would be a very bad thing, most
- 24:51likely for precious metals. But in this environment, it's
- 24:53hard to tell. But essentially, at this point,
- 24:56it's a shoe in for tomorrow that we're going to get a rate cut.
- 25:02Oh, we got 150 likes. OK, I'll say hi to some people,
- 25:06but that's a shoe in for tomorrow.
- 25:09Let me see if I can get the comments up so I can say hello.
- 25:12Hello, hello. Hello, the original Osak.
- 25:15Hello. Mark T Hello Jess.
- 25:17EJ Studios and our friend Magic K Moon, huh?
- 25:22Let's see who else has been on here today.
- 25:24Mark T Hello Jay Lizard. Hello cool cat Cosmos and the
- 25:28original Osak. And way back, huh?
- 25:31Alan Satoshi Greenspan. Good to see you.
- 25:34Cool cat Cosmos. Look, guys, the big deal here is
- 25:39there's Susie's house that's upstairs.
- 25:41Susie, for those of you who don't know, she just chimed in
- 25:44on the walkie-talkie. Lovely wife and assistant
- 25:47upstairs, Susie. She helps make this possible.
- 25:51Please don't forget, subscribe to the channel, give the video a
- 25:54thumbs up. We really appreciate you being
- 25:57here, being part of this. We're on a wonderful journey
- 25:59together. It is going to be interesting as
- 26:02we head into these coming months, quarters and years, but
- 26:05we'll do it together. You're the most important part
- 26:07of Ron's basement. Thank you for being here.
- 26:11What? Hold on one second.
- 26:13I couldn't. I couldn't understand you.
- 26:17OK, I'll ring the gone. The old golden gone.
- 26:21This is for all you out there. Three rings.
- 26:32All right, guys, look, it's going to be fun.
- 26:34Let's keep it up. I believe that a year from now.
- 26:37Just my opinion, but if you look right over my shoulder, below
- 26:41the toilet seat, there's a bear with an 85 blindfold on.
- 26:45That's the silver bear. We will take that off when the
- 26:48price of silver hits $85 per oz and it will be a wonderful,
- 26:53beautiful day. I still believe that's going to
- 26:56happen a lot sooner than most of us realize.
- 26:58Don't forget, I'm not a financial buyers advisor.
- 27:02Whatever investing you do, whatever you do with your money,
- 27:05please always do it responsibly. Do your own research, all right?
- 27:09Take care of yourself and I'll see you.
- 27:11Yes, you, next time.