Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER STACKERS 🚨 ALERT! 🚨 -- Big NEWS for GOLD & SILVER Price This Week

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SILVER STACKERS 🚨 ALERT! 🚨 -- Big NEWS for GOLD & SILVER Price This Week · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Silver and gold investors have been buffeted around lately.
• 0:03
  Beat around beat to a pulp. If we want to say that we know
• 0:08
  in the last week the price of gold has gone from an all time
• 0:12
  high to less than $2000 per oz this morning Silver not very
• 0:18
  much better, $22.75 spot price right now.
• 0:23
  But what is happening this week? We are facing a crazy big week
• 0:30
  when it comes to data that will affect the price of silver and
• 0:35
  gold. Is the worst over for silver and
• 0:38
  gold investors? Let's talk about the big news
• 0:42
  events that will happen this week and you better enjoy today.
• 0:45
  But it's kind of hard to do enjoy today, isn't it?
• 0:47
  When you look at the price of gold and the price of silver and
• 0:50
  they're getting beat down. But is today the beat down And
• 0:54
  will Tuesday and Wednesday deliver as big days for the
• 0:59
  precious metals prices? Could we basement dwellers?
• 1:02
  All we asked for from Santa for Christmas was $2100 gold.
• 1:07
  Where is it? There it is right there.
• 1:10
  Will Santa deliver for us this year?
• 1:14
  We forgot when we wrote our letter to Santa to tell him that
• 1:17
  we wanted gold above 2100. He delivered on that a little
• 1:21
  early, but we wanted to stay above 2100.
• 1:25
  And at this point we're fighting for 2000.
• 1:28
  But what is going on this week? And can we pull it all together?
• 1:32
  Can we make sense? That's what we want to do, make
• 1:35
  sense of all this data that's going to be coming at us.
• 1:38
  OK. So I say enjoy Monday because
• 1:41
  Tuesday and Wednesday are going to be very volatile days.
• 1:47
  We're hoping for volatility to the upside.
• 1:49
  Let me read this quick quote to kind of give you an idea of
• 1:53
  what's going on right now. It says the cautious mood in the
• 1:57
  market comes as investors brace for two events that could set
• 2:02
  the tone for stocks. And this is true for silver and
• 2:06
  gold price as well into 2024. November's reading on inflation.
• 2:12
  We're going to get that on Tuesday.
• 2:14
  What is that going to tell us? What will that mean?
• 2:17
  How will that affect the price of silver and gold, right, our
• 2:22
  favorite subject? And on Wednesday, we're going to
• 2:25
  hear from our old friend Jerome Powell at the United States
• 2:28
  Federal Reserve about monetary policy, interest rate policy.
• 2:34
  So Tuesday inflation. Wednesday Jerome Powell, if
• 2:39
  we're still alive on Thursday and Friday, God knows what they
• 2:42
  can throw at us. There's always some little extra
• 2:44
  secret bonus piece of data. But guys, Tuesday and Wednesday
• 2:48
  are going to be huge, and we're going to talk about what we can
• 2:51
  expect and how the market will react.
• 2:54
  OK, jobs data, Let's review for a second on Friday, Bolstered
• 2:58
  hopes that the Fed could score a soft landing for the US economy
• 3:04
  burdened with historically high borrowing cost.
• 3:08
  Now the focus is shifting to the CPI, the inflation report again
• 3:13
  on Tuesday and the Fed, which will be on Wednesday.
• 3:17
  So here's what we know so far. OK, and this is what's this is
• 3:21
  what's affecting the silver price and gold price.
• 3:25
  We got our jobs data, non farm payrolls.
• 3:27
  On Friday, 199,000 almost 200,000 jobs were created.
• 3:33
  Okay better than expected, quote, UN quote.
• 3:37
  That is giving the market the impression that the economy is
• 3:42
  strong, right? The economy is good.
• 3:44
  Everything's great out there. Now we've talked about this ad
• 3:47
  nauseam, everything's not great out there, but the Bureau of
• 3:51
  Labor and Statistics reported that we had good jobs numbers
• 3:56
  better than expected. And again, that makes market
• 3:59
  participants think that the Fed still has room from which to
• 4:04
  remain very cautious, very tight, very hawkish with
• 4:09
  monetary policy, tighten the range because the economy is
• 4:13
  strong and and they're on this supposed fight against
• 4:17
  inflation. Most people, I don't know how
• 4:19
  you feel about it, but most people feel like the the actual
• 4:25
  numbers that come out of the Bureau of Labor and Statistics
• 4:27
  are, let's just say, suspect at best.
• 4:30
  Nonetheless, it does impact the price of the metals.
• 4:35
  What about the inflation data? We got big inflation data coming
• 4:39
  out on Tuesday. How will that play in OK, high
• 4:44
  is bad. If we get a high inflation
• 4:46
  reading, if the inflation numbers continue to be on the
• 4:50
  high side, that will have a negative impact on the silver
• 4:55
  and gold price. And we've talked about this.
• 4:58
  It's crazy because silver and gold are a hedge against
• 5:01
  inflation. Nonetheless, in this upside down
• 5:03
  world in which we live right now, if we get high inflation
• 5:07
  numbers tomorrow, that's bad for the price of silver and gold,
• 5:10
  low is good. We ironically want to see low
• 5:14
  inflation numbers. I suspect that we are going to
• 5:18
  get low inflation numbers. I'm hoping and I'm feeling right
• 5:22
  now, although I wouldn't make any financial bets.
• 5:25
  I don't want you to. This is not financial advice,
• 5:27
  but I have a feeling that the inflation numbers are going to
• 5:29
  come in lower than expected. We've had oil dropping.
• 5:33
  We have the economy slowing down.
• 5:36
  And if we have lower inflation numbers, that's going to signal
• 5:41
  to the market primarily that the economy is slowing down and that
• 5:46
  the Fed is, you know, going to need to respond to a slowing
• 5:51
  economy in 2024 because all the top analysts are predicting 1°
• 5:57
  or another of kind of economic gloom, I'll say at night.
• 6:02
  Some people say doom in 2024. So again it's opposite of what
• 6:09
  we would usually expect. But we want to see silver and
• 6:12
  gold investors tomorrow, a low inflation number that will that
• 6:17
  will put the value of the dollar down.
• 6:19
  That will put the value of gold and silver up up up, turn around
• 6:24
  Tuesday. Is it possible?
• 6:26
  Let me ask you, let me ask you my fellow basement dwellers, if
• 6:29
  you think we could have a turn around the turn around Tuesday
• 6:33
  that could lead us back to the path of Santa Claus giving us
• 6:38
  $2100 gold by Christmas type. TTI did it double T turn around
• 6:45
  Tuesday for the metals. We've been beat it feels like.
• 6:49
  How do I say this? We had a micro correction in the
• 6:53
  price of silver and gold. It doesn't.
• 6:57
  It feels like we got punched in the gut.
• 6:59
  Does it feel that way to you? But because it also maybe feel a
• 7:04
  little different now. We've been through, you've been
• 7:06
  through, if you've been invested in the precious metals over the
• 7:09
  last couple years, we like to call it the Valley of Doom, The
• 7:14
  Valley of Death. Whatever.
• 7:16
  I mean, it was horrific to be invested in the metals over the
• 7:20
  last, what, 2 1/2, almost three years, right?
• 7:23
  This feels bad, but it doesn't feel like they completely
• 7:28
  destroyed momentum. Now I'll be, I'll just be honest
• 7:32
  with you, right. I follow this very closely and I
• 7:35
  think a lot of you do as well. If we get a print in the gold
• 7:40
  price into the 1800s, you know $100 or so less than we are now,
• 7:46
  I will lose some enthusiasm. But for now, I feel like what's
• 7:51
  happened is kind of like a micro correction, right?
• 7:54
  You know, everything. The price goes up, nothing goes
• 7:57
  straight up. Now wouldn't it be nice if it
• 8:00
  did, if gold just went up, up, up, up, up, up, up forever and
• 8:04
  ever. But nonetheless, it goes up.
• 8:08
  Maybe it pulls back, it goes up, it pulls back.
• 8:11
  That's what we're in right now. One of those little pull backs
• 8:14
  and it will continue. Up, up, up.
• 8:17
  Oh my gosh. I just see myself on the screen.
• 8:20
  I'm, I'm not pointing at you, but I want to tell you thank you
• 8:23
  for being here. You're awesome. 100 thumbs up.
• 8:26
  Hey man, I didn't even have to ask.
• 8:28
  For those of you who are just joining right down there,
• 8:31
  there's a thing that looks like that.
• 8:32
  Press that for thumbs up. When we get to 100 thumbs up
• 8:35
  like we're at right now. We got 250 people with us.
• 8:37
  I will ring the bell 10 times. We have achieved that goal.
• 8:41
  Basement dwellers, congratulations.
• 8:43
  This is the three second warning for the bell.
• 8:47
  I'm going to ring it 10 times and I'm going to smile while I
• 8:49
  do it. So that's part one of what will
• 8:57
  be a big, big week for the metals prices, OK, we know the
• 9:03
  employment BS numbers, right? OK, Tomorrow we're going to hear
• 9:07
  about inflation. That's going to have a big
• 9:09
  impact. But Wednesday, OK, Wednesday is
• 9:14
  the big, big deal. And let me circle back on
• 9:17
  something about inflation because we're seeing this now
• 9:20
  more mentioned more than ever. Actually.
• 9:23
  I just heard that in China, right, the second biggest
• 9:26
  economy in the world, they're not having inflation, they're
• 9:29
  having deflation. And all these world economies
• 9:34
  are connected. We know the CEO of Walmart said
• 9:38
  he's seen deflationary pressures that could bleed through to the
• 9:43
  prices at Walmart. I know our favorite store right
• 9:49
  by the end of December, Just to just to remind you, nothing
• 9:54
  makes the Fed freak more than deflation, OK?
• 9:57
  That's like kryptonite, the Superman.
• 9:59
  I think I got that right, right? the Fed will freak.
• 10:02
  The Fed will print if indeed right.
• 10:05
  So tomorrow. Hey, thank you, Robert for the
• 10:07
  Super chat, my friend. What'd you say there?
• 10:09
  What'd you say, $100 silver in 2025?
• 10:13
  Yeah, I'm with you. You know who else thinks that?
• 10:16
  That guy. Well, he doesn't think $100
• 10:18
  silver. But Jeff Christian, who a lot of
• 10:21
  people in the silver and gold community don't like.
• 10:24
  But he's with CPM Group. He has like those real data
• 10:28
  specific. I think he was with Goldman
• 10:30
  Sachs at one point. He's talking about good prices
• 10:34
  for gold. And you know, that means silver
• 10:37
  as well Into 2024 and into 2025. We'll see if we can get to that
• 10:42
  100. Buddy, I'm rooting for you.
• 10:44
  And you know, I'm a believer, but I always want to caution
• 10:47
  everybody, don't make financial decisions based on anything that
• 10:51
  I'm saying. So on Wednesday, we get to hear
• 10:55
  from our old friend Jerome Powell.
• 10:56
  Mr. Monthly, is it every month? I think they skip a month every
• 11:01
  once in a while. But our old friend Jerome
• 11:03
  Powell, I think I got it straight.
• 11:06
  Guy was by mistake. I'd called him Gomer Pyle a
• 11:09
  couple times. Jerome will be out on Wednesday
• 11:12
  with the Federal Reserve's monetary policy decision, which
• 11:16
  will impact the gold and silver market, will impact the overall
• 11:22
  markets. What are we going to expect,
• 11:25
  huh? What do we, what do we expect?
• 11:26
  Basically a big nothing burger. Wouldn't it be great if they cut
• 11:31
  rates? They're not going to, right?
• 11:33
  There's always a little bitty chance, right?
• 11:36
  We, I think we might actually love Jerome for a day or two if
• 11:39
  he does cut rates, but they're going to do nothing.
• 11:43
  They're scared, OK? He knows the economy is slowing
• 11:47
  like never before. OK, He knows what's being faced
• 11:52
  in 2024. Here's something that nobody has
• 11:56
  said before, and I'm going to say it.
• 11:58
  OK. I'm going to say it right now.
• 12:01
  We know that it's smoke and mirrors that's going on with the
• 12:06
  economy. It's all make believe Unicorn
• 12:08
  fart dust. It's all smoke and mirrors.
• 12:12
  Okay until everybody realizes that the entire fun house is on
• 12:18
  fire, right? You ever been inside of a fun
• 12:21
  house at a fair? I remember when I was a kid with
• 12:23
  these, I went to Catholic grade school and we'd have these fairs
• 12:26
  and there'd be a funhouse and smoke and mirrors.
• 12:28
  Hey, shadow work. Thank you for that super chat,
• 12:30
  my friend. Much appreciated, especially in
• 12:33
  a very difficult silver and gold environment.
• 12:35
  But you'd be inside the funhouse and reality is different.
• 12:39
  You know, it seems you got the funny mirrors, you got the smoke
• 12:42
  and the smoke and everything else, right?
• 12:45
  And it's all smoke and mirrors. It all kind of seems real.
• 12:48
  But what about when everybody realizes that the entire fun
• 12:52
  house is on fire and they run for the exit?
• 12:56
  Where do you think they're going to run?
• 12:58
  I think they're going to run the precious metals, right?
• 13:01
  Why wouldn't they? We know, right?
• 13:03
  The safe harbor investment of the Millennium of thousands of
• 13:07
  years. And if you want to get your
• 13:08
  hands on some silver and gold now or some point in the future,
• 13:14
  I might recommend you check out Channel Sponsor Pimbex Pi MB EX.
• 13:20
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• 13:22
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• 13:26
  Dig in, do your own due diligence.
• 13:29
  Listen to other basement dwellers, right?
• 13:31
  Listen to what other people say. Make sure you trust the company
• 13:35
  that you're buying your silver and gold from.
• 13:37
  I did my due diligence on pin backs about a year ago and I
• 13:41
  felt very comfortable. And I felt very comfortable with
• 13:44
  every transaction I've done with them.
• 13:46
  But what's even more important to me is, well, not more
• 13:50
  important. But as important is price
• 13:53
  maximizing the amount of metal I get for each Unicorn, fart, dust
• 13:58
  paper, Fiat dollar that I convert from paper into real
• 14:04
  metals. And I found that with Pinbex I
• 14:06
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• 14:10
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• 14:12
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• 14:16
  What will Jerome say? Listen to this.
• 14:20
  What will he say on Wednesday? Right.
• 14:24
  Because because at this point, we know, right?
• 14:27
  We know. Don't listen to what he says.
• 14:30
  You can. You can listen.
• 14:32
  But don't take him seriously. Do I need to?
• 14:35
  It's been about two weeks since I've reminded us, right?
• 14:38
  We did. I I forgot.
• 14:40
  We forgot about something with Jerome Powell.
• 14:43
  This is the same Jerome Powell that like 2 1/2 years ago guys
• 14:48
  told us that they weren't going to raise interest rates until
• 14:52
  the end of 2023. That's right.
• 14:56
  Now if we listen to what Jerome said, 2 1/2 three years ago,
• 15:01
  right, we would have we would still be at 0% interest rates.
• 15:04
  We would be right now saying, oh, the Fed's going to meet this
• 15:07
  week and they might raise interest rates for the first
• 15:09
  time. Why would we listen to what he
• 15:12
  says isn't? He's the same guy that said
• 15:15
  inflation is not a problem. Oh, inflation is temporary.
• 15:21
  Oh, inflation is transitory. And it's not just him.
• 15:24
  It's buddy Janet Yellen, who used to be the Federal Reserve
• 15:28
  chairperson before she became the head of the Treasury.
• 15:30
  Isn't it funny how those things work out, how it how those.
• 15:33
  How those the musical chairs, they play.
• 15:36
  Right, right. So why, Why do we want to listen
• 15:40
  to what he says? Would you listen?
• 15:42
  It'd be like if you had a spouse or a partner, whatever, you
• 15:45
  know, a husband, a wife, a girlfriend, a boyfriend, and
• 15:49
  they cheated on you like three times, wouldn't you stop
• 15:52
  believing what they say? And I propose that maybe we want
• 15:56
  to do that same, you know, use that same approach with what we
• 15:59
  hear from the Federal Reserve. Let's judge them on their
• 16:04
  actions. And their actions as of late
• 16:06
  have been to pause interest rate hikes.
• 16:10
  Period. OK.
• 16:12
  Why would they be doing that? Well, they're fighting and flip
• 16:15
  blah, blah, blah, blah, blah, blah, blah.
• 16:20
  I think they might be the only people who talk more than me,
• 16:23
  but nonetheless, right? They talk, talk, talk, talk,
• 16:27
  listen. OK, but watch and put weight on
• 16:32
  what they do, which has been paused.
• 16:35
  So I think we could have turn around Tuesday.
• 16:38
  I think we could get some lower inflation numbers tomorrow.
• 16:43
  OK, who knows, right? These guys, they're throwing out
• 16:46
  BS like we've never seen before, but and that we could have a
• 16:50
  turn around this week in the silver price and gold price.
• 16:53
  I'm not saying I'm super confident of it, but it feels
• 16:57
  like to me we kind of been beat up here, right, right.
• 17:01
  And and that and that we're again building up a good base
• 17:04
  from which we could see a decent rally in the silver price in the
• 17:09
  gold price. I don't want to say that by
• 17:11
  Friday, but you know by Friday I I I think we could be talking
• 17:16
  about a better price. If I'm wrong, I'll you know me.
• 17:19
  I'll come on here and eat crow, OK?
• 17:21
  I'm wrong about where we are right now.
• 17:24
  I was. I was rooting and saying we
• 17:27
  could get $2100 gold by Christmas, but we forgot to say
• 17:31
  that we needed to stay above 2100.
• 17:33
  So, you know, that is awesome. Hey, guys, please don't forget
• 17:37
  to subscribe to the channel. I It's a big deal that you're
• 17:40
  here with me right now. We love if you love.
• 17:44
  Let me ask you a question. Do you love to talk about silver
• 17:47
  and gold? Do you love to dig in a little
• 17:50
  deeper? Do you love to try to find the
• 17:53
  forest through the trees? I hope you do.
• 17:56
  I hope you enjoy your time here. It's a big honor to me right now
• 18:00
  that you're joining me over 300 people on a Monday morning.
• 18:04
  Please consider subscribing to the channel.
• 18:06
  We're on a big drive to get to 31,000 here by the end of the
• 18:11
  month. And don't forget we got a
• 18:12
  giveaway On Christmas Eve Eve. This beautiful quarter pound
• 18:19
  American Silver Eagle round will be given away.
• 18:22
  There's a link in the description of this video and
• 18:25
  all my videos that will bring you to a little video.
• 18:29
  It's one minute long. Leave a comment on that video
• 18:31
  and on Christmas Eve, Eve, I'm going to give that.
• 18:34
  Maybe you can win it. OK, let's talk about, let's just
• 18:38
  talk about some crazy things going on with the metals right
• 18:43
  now. OK, let's talk.
• 18:45
  Let me. Well, you know what?
• 18:47
  Let me ask you a question. I got to be honest with you.
• 18:52
  I do believe that by Friday we could be back to $2100 gold.
• 18:57
  I believe it's like a 27% chance.
• 19:01
  I'm going to put that in the comment 27.
• 19:04
  OK, What percent chance do you think we have that by Friday we
• 19:08
  could be back above $2100 gold? I'm a believer.
• 19:11
  I'm sorry. An eternal optimist.
• 19:13
  Some people may call me a pumper.
• 19:15
  Whatever, that's fine. Even Jeff Christian says we're
• 19:18
  headed towards new great prices in gold next year.
• 19:23
  Hey, I let's take it right now. What do you say, guys, huh?
• 19:27
  It can happen. Silver at What was that before I
• 19:30
  came on 20? Let me look at silver.
• 19:31
  Let's look at the silver price. I'm going to give you a live
• 19:34
  update. I know, I know.
• 19:36
  I'm so generous. Hey, Silver's 2286.
• 19:41
  Silver's only down. $0.20, right?
• 19:43
  Silver's going to blow up. But let's talk about some
• 19:46
  incredible facts about silver and gold.
• 19:51
  When we talk about gold, we know we either have or have recently
• 19:56
  had all time highs in U.S. dollars, OK, in China, in India,
• 20:03
  in Thailand, in Japan, in Korea. We're having new all time highs
• 20:10
  in gold everywhere in the world. One thing we can say for sure,
• 20:15
  and I learned this. I learned this.
• 20:17
  I remember reading this and it you know, like when something
• 20:19
  makes sense to you. You know, like when, like like
• 20:22
  the light bulb goes off. I still got a few light bulbs up
• 20:25
  here, and I remember when this light bulb, I read this years
• 20:29
  ago, it said that when anything goes to a new all time high,
• 20:32
  whether you're talking about oil, whether you're talking
• 20:35
  about apple computer stock, whether you're talking about the
• 20:39
  price of orange juice, whether you're talking about the price
• 20:42
  of bread, right? But anyway, nonetheless, when
• 20:44
  something goes to an all time high, statistically the odds are
• 20:49
  that it will continue to go to newer and newer and newer all
• 20:53
  time highs. We're getting new all time high
• 20:55
  in gold around the world. Gold leads our good friend
• 21:00
  silver. We love our silver, right?
• 21:02
  So let's keep that in mind also. Last week we had the third week
• 21:08
  in a row. Three weeks in a row where gold
• 21:11
  closed above $2000 per oz. That's a big deal.
• 21:17
  Maybe. We don't want to talk about the
• 21:18
  fact that gold's below 2000 an ounce right now, but it has
• 21:22
  closed the last three weeks above $2000 per oz.
• 21:27
  That's a good deal. Are we going to close above 2000
• 21:32
  an ounce this Friday? Are we going to close with gold
• 21:36
  above 2100 an ounce? I know I'm crazy.
• 21:39
  I said there's a 27% chance I really believe it could happen.
• 21:44
  Let me, let me. I listened to this guy Jeffrey
• 21:46
  Christian again. He's with the CPM group.
• 21:49
  There's some people like I opened my mind that that, you
• 21:52
  know he he's not a perma ball when it comes to the precious
• 21:56
  metals prices. OK?
• 21:58
  And some people don't like him. I, you know, I understand.
• 22:02
  But I'll listen to him because I think he does some good work and
• 22:05
  some good data. Let me let me.
• 22:07
  Oh, he talked about the Sunday night.
• 22:09
  This is interesting. The Sunday night all time record
• 22:12
  high. Do you know what happened last
• 22:14
  Sunday night? We got the 2150 whatever.
• 22:17
  It was in gold. OK.
• 22:19
  He pointed out that it was thousands of trades when the
• 22:22
  Comex opened at 6:00 PM Eastern. OK, and you guys, you know why?
• 22:27
  Do you remember? It was exciting.
• 22:28
  Susie came running to me and said you're not going to believe
• 22:30
  gold's up $60.00 or whatever it was that when the Comex opened
• 22:35
  at 6:00 PM Eastern Time, it wasn't just one trade, it was
• 22:40
  thousands of trades in 30 minutes that drove the gold
• 22:45
  price up to that level. OK, I think I'm not putting
• 22:49
  words in his mouth, but I wrote this down as I was listening to
• 22:53
  him. That's a taste of things to
• 22:55
  come. Remember what we just talked
• 22:57
  about right? When things get the new all time
• 22:59
  highs, they typically continue to make newer and newer and
• 23:02
  newer all time highs. When when, when things get to
• 23:06
  all time lows, they typically continue to make new all time
• 23:09
  lows. But the good news for US silver
• 23:12
  and gold investors is that gold which will lead silver did make
• 23:17
  an all time high, OK? And he says it's a taste of what
• 23:21
  to expect in 2024. That's like, what, four weeks
• 23:26
  from now And 2025? That would be like 56 weeks from
• 23:31
  now if my math is correct. And the gold also set records in
• 23:36
  many of the previous years, 2020-2021, 2022, now 2023.
• 23:43
  OK, let's talk about a very interesting fact about silver.
• 23:48
  And thank you guys for all the Super chats.
• 23:49
  We're almost a 200 thumbs up, which will be the cowbell
• 23:53
  ringing. You know your favorite part of
• 23:55
  the show? Basement dwellers.
• 23:56
  That's where we celebrate each other but nonetheless silver.
• 24:01
  Silver is, is, is, is. Lags gold and when it catches
• 24:06
  up. OK you guys like when I say
• 24:08
  this, but gold's like a little drama queen or drama king.
• 24:13
  Very sensitive, very delicate. Silver will be throwing a fit
• 24:18
  OK, like a three-year old who's not getting a lollipop at the
• 24:22
  gas station when you're on a road trip.
• 24:24
  When I was when I used to take, we used to go on road trips a
• 24:26
  lot. When the kid, my daughter, I
• 24:28
  have twin daughters that are now 11.
• 24:31
  And I would strategically plan stops along the way so that I
• 24:34
  could avoid gas stations 'cause they would throw a fit and they
• 24:37
  didn't get to buy a piece of candy.
• 24:39
  And that's silver. As it catches up to gold, it's
• 24:42
  going to throw a conniption fit, OK?
• 24:46
  It's going to catch up to gold and it's going to overtake gold
• 24:50
  in terms of its return. So that's what we have to look
• 24:54
  forward to. Rick Rule said this and it was
• 24:57
  another light bulb moment for me.
• 24:59
  Be prepared. If you haven't heard me say this
• 25:02
  already, that you might be in for a light bulb moment.
• 25:05
  OK. But first, before I give you the
• 25:08
  Rick Rule light bulb moment, I'd like to see us get the 200
• 25:12
  thumbs up. We're at 195.
• 25:14
  You know, I'd like to ring this bell.
• 25:16
  I don't know. It's.
• 25:17
  Is it broken? I'm not sure.
• 25:19
  Can we get the 200 thumbs up so we can celebrate each other?
• 25:22
  My fellow basement dwellers, US warriors in the precious metal
• 25:26
  sector, who all we want for Christmas is $2100 gold.
• 25:31
  And for it to stay there. Yeah, OK, we got 200 thumbs up.
• 25:37
  Oop, that's the bell warning. Thank you, basement dwellers.
• 26:16
  Woof. That thing is loud.
• 26:18
  I understand it. Bring my ear.
• 26:20
  My head is ringing right now. What did Rick Rule say that
• 26:25
  makes us very happy as precious metals investors?
• 26:28
  And what did Jeffrey Christian say that relates to the same
• 26:33
  thing. OK they they both and and
• 26:37
  Christian kind of said this like what happened last Sunday when
• 26:43
  we went shooting up could be could have been partly
• 26:46
  manipulation. OK OK.
• 26:49
  The the when, when, when gold went to a new all time high last
• 26:52
  Sunday. Wow.
• 26:52
  Thank you for that super chat Steven.
• 26:55
  Good morning the Gold Coast of Australia.
• 26:59
  It's like can listen hopefully I don't put you to sleep my friend
• 27:04
  in Australia but welcome and thank you for the Super chat.
• 27:07
  I'm glad you're here so so that Sunday night last Sunday all
• 27:13
  time high in gold, could have been right where it was in a
• 27:16
  thinly traded environment, right?
• 27:19
  There's wasn't a lot of activity and people say, well, it was
• 27:21
  thinly traded. Bubba, it's only reason to
• 27:23
  shout, well, what Jeff Christian said and this goes along with
• 27:27
  the light bulb I'm going to give you from Rick Rule was that it
• 27:30
  could have been some manipulation to clear out some
• 27:34
  of the shorts right to to take out the stops that people had,
• 27:39
  right. They know it's thinly traded so
• 27:41
  they can move the market in a huge way.
• 27:43
  Now what did Rick rule? I heard him say this a couple
• 27:45
  weeks ago and this has to do with silver.
• 27:50
  Our gold and silver manipulated on the COMEX and the OBMA.
• 27:54
  What do you think, huh? All right, all right.
• 27:57
  I say yes. Tell me what you think.
• 28:02
  Yes or no? But what Rick Rule said and his
• 28:07
  was music to my ears and and lit up 1 1/2 light bulbs up there
• 28:11
  inside that brain of mine was the fact that as we go into the
• 28:15
  future. And I hope I'm not putting words
• 28:17
  in his mouth, but this is what I heard him say.
• 28:19
  As we move into the future, the path of least resistance for
• 28:24
  manipulation in the metals because of all these confluence
• 28:28
  of factors that we've talked about ad nauseam, right.
• 28:32
  The all the reasons why silver and gold should be going higher
• 28:37
  that over the last 50 years the manipulation was it was easier
• 28:40
  to manipulate the price down. Now as the macro environment as
• 28:44
  the as the weather has changed, as everything is different, as
• 28:49
  now we have all these supportive factors for the metals, it's
• 28:52
  going to be easier for the metals to get manipulated
• 28:56
  upwards. And you know, I don't like
• 28:58
  manipulation one way or the other, but I'll tell you what we
• 29:02
  do deserve a little upward manipulation.
• 29:06
  Could it get manipulated upwards through December 25th?
• 29:10
  We got two weeks. I think it can.
• 29:13
  Like I said, I just raised it. It's not 27%, excuse me, on my
• 29:18
  nose, ditch. It's 28% chance.
• 29:21
  Guys, we could be in for some really, really great times.
• 29:25
  OK, We're going to keep an eye on the dollar.
• 29:28
  Yeah. And it does it make you mad when
• 29:30
  you hear people talk about, oh, the dollar index.
• 29:32
  Well, the dollar index dropped by 4% in November.
• 29:37
  Yeah, that's great. That's, that's, that's the that,
• 29:39
  that that's not the real value of the dollar.
• 29:42
  Let me tell you something. The dollars dropped like 97%
• 29:47
  since they started the Federal Reserve.
• 29:49
  The dollar has dropped by what You go to the grocery store, you
• 29:54
  go to the gas station, you pay rent, you pay a mortgage, right.
• 29:57
  We have our basic everything's gone up 30% in the last three to
• 30:01
  four years. I'd say the dollar has gone down
• 30:04
  by 30%. And guess what?
• 30:06
  The metals haven't caught up yet.
• 30:09
  And we know gold will catch up in the long run.
• 30:12
  And when gold catches up, silver's going to catch up like
• 30:16
  rocket fuel, like it drank one of those energy drinks.
• 30:19
  And it's going to be a very, very good day, 24%.
• 30:27
  OK, that's not my chance of us getting that new all time. 24%
• 30:32
  of central banks in the world, right?
• 30:35
  Responded yes to the question, are you going to increase your
• 30:39
  gold holdings in 2024? Central Bank gold purchasing,
• 30:45
  which will impact the silver price, is continuing at a very,
• 30:49
  very strong pace. OK.
• 30:52
  Thanks to our other sponsor, First Mining Gold, Canadian Gold
• 30:56
  Development Company. Check them out at
• 30:57
  www.firstmininggold.com. If you have any questions, reach
• 31:02
  out to Paul Morris. I've got a link to his e-mail
• 31:05
  address and the description of this and every other video. 24
• 31:08
  percent, 24% of central banks are going to increase their gold
• 31:14
  holding. OK, listen to this 2022, we know
• 31:19
  was an all time high. Not a high, not all the No 2022
• 31:25
  was an all time high in terms of central banks buying gold.
• 31:30
  But it's crazy. They bought about 1000 metric
• 31:34
  tons and and 2023 is shaping up maybe to be even better, right?
• 31:39
  We still have a few weeks left, but maybe even better.
• 31:42
  But 2022, those 1000 metric tons of gold that the central banks
• 31:49
  bought? That's equal to 25% of all the
• 31:54
  world's mine output for the year.
• 31:57
  Central banks bought one in four of every ounce of gold that was
• 32:03
  dug out of the ground in 2022. How's that for a fact?
• 32:07
  That's not the light bulb. The light bulb was Rick Rule
• 32:10
  telling us that now, because things have changed,
• 32:14
  manipulation's easier to the upside.
• 32:16
  But that's a stunning fact, in my opinion.
• 32:20
  Out of every 4 ounces of gold that got dug up in that year,
• 32:24
  2022, I've won in every four went to a central bank vault.
• 32:29
  Why? You know why China's continuing
• 32:33
  to buy gold and, and this is interesting, the Chinese, I'm
• 32:39
  hearing this more and more are sucking the silver out of the
• 32:43
  world at an ever increasing rate.
• 32:46
  OK, so the short term, the short term downward price manipulation
• 32:53
  will only make the long term true price discovery for gold
• 32:58
  and silver more extreme, right? More.
• 33:05
  Let's face it, let's face it, basement dwellers, right?
• 33:08
  What we've seen in the last one week, this has been one week.
• 33:12
  Let me look, let's look, let's just, let's just take a look
• 33:15
  right now. Hold on one second.
• 33:18
  OK. Bear with me right now, OK?
• 33:23
  1982 dollars is the price of gold.
• 33:29
  I think we basically in one week have gone down $200 per oz in
• 33:35
  the price of gold. And that stinks.
• 33:37
  That's painful, OK, But we're OK.
• 33:41
  We're fine. Hey, no problem.
• 33:44
  My confidence in metals has not been his.
• 33:46
  Yours. Has your confidence in the
• 33:51
  precious metals been shaken over the last week?
• 33:54
  Because that's a big move. That's a crazy bull.
• 33:57
  That's like a 10% move. In gold.
• 34:00
  In gold, OK. Has your has your confidence
• 34:04
  been shaken? I'm going to say no.
• 34:07
  I'm going to say no. I'm going to say no again.
• 34:10
  No, mine has not been shaken. Has your confidence been shaken?
• 34:15
  I don't. I don't think it has, right.
• 34:18
  I don't think that. I don't think that the central
• 34:20
  banks of the world are saying, oh, we better get rid of our
• 34:23
  gold because it went down by 10% in the last week.
• 34:28
  I have a feeling that the central bankers are saying, hey,
• 34:32
  why don't we buy a bunch of gold?
• 34:34
  These manipulators in the West are continuing to keep the price
• 34:38
  down. They're giving it to us on sale.
• 34:41
  You can buy gold 10% cheaper right now than you could have a
• 34:46
  week ago. I mean, imagine if if if last
• 34:49
  Sunday night you told people, hey, hold on for a week, you can
• 34:52
  buy, you'll be able to buy gold 10% cheaper.
• 34:55
  They wouldn't have believed you. I wouldn't have believed you.
• 34:59
  None of us would have believed. But Andy Scheckman talked about
• 35:03
  this in my recent conversation with him.
• 35:06
  These volatile moves are usually, and I'm using this word
• 35:11
  that I don't really know what it means.
• 35:13
  Presage. Presage PRESAGEI don't even know
• 35:18
  if that's a word. There are future indicators of
• 35:24
  potential big moves that before big moves happen, there's often
• 35:29
  times a lot of volatility. I'd say we've got a lot of
• 35:33
  volatility right now, so it could be a sign that we're
• 35:37
  headed for big, big moves. Jeff Christian, for Crying for
• 35:41
  crying out loud, huh? He's saying we're going to be
• 35:45
  looking at at at massive, massive moves in the gold
• 35:50
  market. This guy is a lot of times very
• 35:53
  negative on gold. So 2024 is shaping up to be just
• 35:58
  an incredible, crazy, crazy year.
• 36:02
  You know employment numbers. I mean have you seen the
• 36:06
  analysis on these employed the supposed that's the last leg of
• 36:11
  the stool, that's the last leg holding everything up, the great
• 36:15
  employment picture, right. But when you look at at payroll
• 36:19
  tax receipts, when you look, when you dig in and you guys
• 36:22
  know I'm not going to get go down that rabbit hole, the
• 36:25
  employment picture isn't that great.
• 36:27
  And I still say, I still say I don't know how you feel about
• 36:30
  this, but and maybe employment is so good because people are so
• 36:36
  desperate, right, So desperate for money just to make ends meet
• 36:42
  just to be able to buy their kids a a a a decent Christmas
• 36:46
  present, right? People will do anything, you
• 36:49
  know, are they counting the guy that works now 16 hours a week
• 36:54
  driving for Uber on the weekends so that he can buy his
• 36:57
  eight-year old son a Nintendo Switch?
• 36:59
  Are they counting that as a new job right.
• 37:02
  I mean it's just it's it's it's it's it's a it's a sad state of
• 37:07
  affairs where this country has gotten itself.
• 37:11
  I'll, I'll leave it at that and I'm going to say it again
• 37:14
  because you know guys, we, we look out into the future.
• 37:18
  When you look out into 2024, what are you seeing?
• 37:24
  OK, let me give you an example because Wednesday we've got
• 37:28
  Jerome in the Federal Reserve, let's say, let's say Jerome had
• 37:33
  told us the truth over the last few years, which he didn't
• 37:36
  because he said he was never going to raise rates until the
• 37:39
  end of 2023. So let's say for the first time,
• 37:43
  right, we're at 0% interest rates.
• 37:45
  Let's say on Wednesday would have been the first interest
• 37:48
  rate hike. And let's say he did half a
• 37:49
  basis point, half a percent. It takes 12 to 18 months for
• 37:56
  that to feed through to the economy.
• 37:58
  We can't underestimate the fact that we are right now in the
• 38:03
  storm of feeling the lag effect of all those interest rate hikes
• 38:09
  that went on over the last 24 months, 28 months, however long
• 38:14
  it's been and as we headed into 2024 as the reverse repo
• 38:19
  facility, don't, don't. If you don't know what that
• 38:22
  means, don't worry about it basically means a bunch of free
• 38:25
  money smoke and mirror facility that they have at the Fed that
• 38:30
  they've been using to buy bonds that that's running out right.
• 38:34
  All these things are coming together.
• 38:37
  You know people are talking about the potential next year of
• 38:40
  the CBDC being rolled out. All I can say is buckle up
• 38:46
  because 2024 when you listen to what I think are the fact based
• 38:51
  people out there, the people that are willing to to do not
• 38:56
  just believe every little thing they hear, they're saying that
• 38:59
  2024 is going to be a real challenge.
• 39:01
  Did you hear this? Remember Al Gore?
• 39:05
  Remember Al Gore? Remember COP 28?
• 39:08
  Right? I'm still waiting to hear about
• 39:11
  COP 28. That's where they're supposed to
• 39:14
  propose that they're going to triple the amount of green
• 39:17
  energy power generation before the year 2030, which would just
• 39:24
  even more explode the demand for silver.
• 39:26
  But nonetheless, that's not my point.
• 39:29
  Al Gore, Yes, that Al Gore. Now, this is not a political
• 39:34
  show, but I guess he's not been vice president for a number of
• 39:38
  years now. So I can say that I found myself
• 39:41
  generally not to be very fond of Al Gore over the years.
• 39:44
  But nonetheless, I digress. If you like him, that's great,
• 39:48
  right? This is not a religious or a
• 39:51
  political show, but nonetheless, Al Gore is at this COP 28
• 39:55
  conference, and you know what he says?
• 39:57
  He says basically we need to get rid of of any alternative media
• 40:03
  channels like like me, right? I mean, look, I give you the
• 40:08
  news as I see it. I give you my view on what goes
• 40:12
  on. I also always recommend you to
• 40:15
  go to a number of different other sources, develop your own
• 40:18
  thesis and share right on an open forum.
• 40:21
  If you don't agree with me, that's fine share.
• 40:24
  But Al Gore basically said at this COP 28 conference, like we
• 40:28
  need to get rid of any, any alternative.
• 40:31
  Forget how he said it. But anyone who's not mainstream
• 40:34
  media, we need to get rid of them because they're a threat
• 40:37
  and the algorithm is a threat and anything that's social media
• 40:41
  related is a threat, right? Like we just need to only let
• 40:45
  people here what we think they should hear and anything else
• 40:50
  should be should be squashed. Basically.
• 40:53
  I think that's a real threat. I think most people like you and
• 40:57
  me want to hear from a number of different sources.
• 41:00
  I'm wrong all the time, Al. I'm the 1st to admit it.
• 41:04
  I don't come on here and say this is the word.
• 41:06
  This is the way, believe us, right?
• 41:09
  And I think you're that way too, right?
• 41:10
  You listen to me. You listen to other people.
• 41:13
  I I really upset me when I heard him say that like, oh, we need
• 41:17
  to get rid of anyone who doesn't who doesn't go strictly with
• 41:22
  what the mainstream thinks everyone could should see.
• 41:25
  I think that's maybe a little more dangerous.
• 41:27
  I think if we look at history and and and times when there
• 41:32
  hasn't been. I mean, there's a First
• 41:34
  Amendment. Somebody needs to talk to Al.
• 41:36
  There's this thing called the Constitution, Al.
• 41:39
  And it gives us freedom of speech.
• 41:44
  People don't have to agree with me.
• 41:45
  You, you guys, you don't have to agree with me.
• 41:47
  I don't have to agree with you. That's OK.
• 41:49
  That's what we're here for. And if you.
• 41:52
  Oh, no, I'm dying. Excuse me.
• 41:56
  If you don't agree with me, that's OK.
• 41:58
  Actually, I like it because it gives us an opportunity to learn
• 42:03
  from one another, OK? And I think it's more dangerous
• 42:07
  to shut people down just because they don't go along with some
• 42:11
  strict adherence to what's going on.
• 42:14
  It's in the Constitution of the United States.
• 42:18
  What else is in the Constitution?
• 42:19
  Who can? Who can?
• 42:21
  Who can Answer that question? What else is in the
• 42:24
  Constitution? Huh.
• 42:28
  Who can guess? I'm gonna.
• 42:30
  I'll type it in there. Then nobody can guess.
• 42:32
  You know what's in the Constitution?
• 42:36
  That gold and silver. Your founding fathers.
• 42:42
  Now I was shocked when I learned this and I really would
• 42:45
  recommend that, that, that, that, that, that that you
• 42:50
  educate yourself on this fact. You know, the founding fathers
• 42:54
  were looking out into the future, looking out, you know,
• 42:58
  hundreds of years when they when they wrote the Constitution.
• 43:01
  But these guys that wrote our constitution, they were
• 43:04
  subjected to some horrific, torturous, almost situations.
• 43:10
  Their farms were burnt down. Some of their wives and kids
• 43:14
  were kidnapped. I mean, it was an ugly, ugly
• 43:17
  time. These guys really went through a
• 43:18
  lot to give you and I the rights that we have as American
• 43:23
  citizens. But one of those was that they
• 43:25
  wrote about silver and gold in the US Constitution.
• 43:30
  Florida is forwarding legislation.
• 43:33
  New Hampshire is forwarding legislation.
• 43:36
  Missouri is forwarding legislation to allow you
• 43:40
  citizens and it's growing across the country.
• 43:43
  Texas, Utah, There's already some some states that have done
• 43:48
  it to protect your right to use gold and silver as legal tender.
• 43:52
  To protect your right to have an option outside of whatever
• 43:57
  system we may get here in the near future.
• 44:01
  Guys, can we do it today? We got 400 people, Can we get
• 44:04
  the three? You guys want to get the 300
• 44:06
  thumbs up and hear the gong? If you want to hear the gong
• 44:09
  type gong please. GONGI want to hear the gong type
• 44:15
  gong. Otherwise, you know we can
• 44:18
  forget about it. But if we get the 300 thumbs up,
• 44:20
  remember that Button's right there.
• 44:22
  I will ring the gong. That gong.
• 44:24
  Where's the gong? That gong, Huh.
• 44:27
  Yeah, I'll do the gong. But you know what?
• 44:30
  I got a challenge for you. This is the coin shop Chris
• 44:32
  timer. When we're making videos and and
• 44:36
  I start to talk too much, He makes me flip this timer.
• 44:39
  There you go. We got 2 minutes to get to the
• 44:42
  gong. You're.
• 44:43
  You see that? We got 287.
• 44:45
  Can we do it? Come on, basement dwellers.
• 44:47
  Let's have a little fun, huh? We can get to 300.
• 44:50
  I know it. Look, the sand is.
• 44:53
  Can you see it? Yeah, you can see it.
• 44:57
  We've only got so much time. Don't forget the thumbs up is
• 44:59
  right down there. This could be big news for the
• 45:04
  silver and gold market. I'm telling you, these
• 45:07
  depositories and these state regulated state-run gold and
• 45:13
  silver backed currency potential, it could create
• 45:16
  massive massive. And what are the states doing
• 45:19
  it? Texas right, Florida.
• 45:22
  Right. These are the innovative states
• 45:24
  that are growing. Oh my gosh, I think oh we're
• 45:26
  running out of time. Can we get to 300 thumbs up?
• 45:29
  These are the big states with big growing economies.
• 45:32
  Do you know Florida, if it were its own country, would be the
• 45:37
  15th largest country in the world.
• 45:40
  I mean, it's for real, guys. And if we're talking about state
• 45:43
  depositories, we got the 300 thumbs up.
• 45:46
  Thank you. I'm going to ring the gong.
• 45:48
  I'm not going to leave you hanging.
• 45:50
  But if we've got the 15th largest economy in the world,
• 45:54
  the state of Florida, OK, potentially Potentially having a
• 46:00
  state depository that will also have asset backed digital
• 46:05
  currency, real digital currency backed by gold and silver, right
• 46:08
  auditable that transfer are are redeemable that if you want to
• 46:13
  go get your medal, you can show up and they'll give you your
• 46:15
  medal. It's very exciting.
• 46:17
  It's maybe a time in history where we're going back to what
• 46:22
  made this country great. That's what I feel like.
• 46:26
  I got to ring the gong three times for you.
• 46:30
  I can't believe we did it again. Three rings.
• 46:50
  All right, guys, I want you to have a great day.
• 46:53
  I appreciate the support. Please.
• 46:56
  Like I said, we're trying to get the 31,000 subscribers, consider
• 46:59
  subscribing. But most important, it's a big
• 47:02
  honor when you join me here in the basement.
• 47:04
  We love this subject. Hang in there.
• 47:07
  Hang in there. Let's see what happens here
• 47:09
  through the end of the year. I think we could be in for some
• 47:13
  interesting price moves in the coming two to three weeks, but
• 47:17
  especially in 2024, think we're going to be real interested and
• 47:22
  have some real fun. Take care and I'll see you next
• 47:24
  time.