Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT** SILVER Just had a MASSIVE Change... (Paper SHORTS LBMA & COMEX)
Transcript
- 0:01Silver. Price and gold price history is
- 0:04being made right now. Today is we're joined together
- 0:07live. Or as you're.
- 0:08Watching the. Replay of this recording we
- 0:11have. Never seen anything like this in
- 0:14our lifetimes when it comes to. The precious metals.
- 0:17We got a. Lot to talk about today.
- 0:19Things are going. Haywire at the big.
- 0:22Paper and electronic exchanges when it comes to gold and
- 0:25silver. But we got a lot of other.
- 0:27Reasons which will make us optimistic regarding the future.
- 0:31Of the precious metals. Before we get into all that, I
- 0:34wanted to introduce some of you to Schmidty.
- 0:36That's the blindfolded silver bear.
- 0:38Yes. He has a blindfold on.
- 0:40That says 80. 5. Dollars.
- 0:42People said we would never take it off.
- 0:45I just want to be. Real clear with you.
- 0:47The blindfold comes off when the weekly close and the spot market
- 0:51on Friday is above $85. It's the same thing we did.
- 0:55With the gold. Bear back there, many of you
- 0:58remember he had a blindfolded that said $2500.
- 1:01That people. Said would never come off, never
- 1:03come off, and we took that off when the gold.
- 1:06Price closed. On the spot market on a Friday
- 1:09above $2500. So please stay.
- 1:12Tuned. I have a feeling this year
- 1:14blindfold will be coming off Smitty very, very soon.
- 1:17I'm going to put him down here for now.
- 1:20Unbelievable action. Let's go to China.
- 1:23We're going to look at the Chinese market.
- 1:25We're going to look at the CME, we're going to look at the LBMA,
- 1:28we're. Going to talk about.
- 1:28All these major. Factors.
- 1:30That are making. Worldwide history.
- 1:34In the world of precious metals right now.
- 1:36But take a. Look at this and put a big smile
- 1:40on your. Face guys, because.
- 1:41In the Chinese market overnight, we.
- 1:44Had a close. In the Shanghai Gold Exchange in
- 1:48silver, OK, in the physical market of $93.27.
- 1:58Absolutely unbelievable history in the making.
- 2:02Let's run out and take a. Look at where we are, right?
- 2:05Now in the spot. Market for silver?
- 2:08Up $5.93 today, 7 1/2% to a. Price of 80. $5.89 in the spot
- 2:16market again if we close above there on Friday.
- 2:19We will be. Removing Smitty's blindfold.
- 2:22But let's go take a look. At the futures market, where
- 2:25the. Price is $86.
- 2:27And $0.10 up almost 9%. Unbelievable and while.
- 2:32We're at it. Since we want to keep smiling,
- 2:35let's. Go take a look at the gold price
- 2:37which currently. The futures market is hovering
- 2:40up a only $125.00 at 4625. So what is happening?
- 2:47We are getting like verifiable reports right now that there's
- 2:52major stress in both the LBMA and the COMEX.
- 2:56OK. I'm going to share with.
- 2:57You a video, a short video. About two minutes.
- 2:59Long. But this guy knows.
- 3:01What he's talking. About It's with Clive Thompson
- 3:04and another gentleman, Nick Ward.
- 3:07Nick Ward is the founder founder of the Gold Bullion Partners in
- 3:10London, England. And I think this will kind of
- 3:12clear things up for. Us about what we are.
- 3:15Experiencing right now. Again, it's just.
- 3:18About two minutes long and. Here we go, this was posted.
- 3:23By Mark He made a synopsis again of this interview with Nick Ward
- 3:28and Clive Thompson. You can watch the whole thing on
- 3:31Clive Thompson's YouTube channel.
- 3:33And world China who well they're one of the, they are the world's
- 3:37biggest commodity buyer world they're printing trillions to
- 3:40buy assets. The Western banks are reportedly
- 3:44sitting on massive silver short positions and we're talking
- 3:48about 4.4 billion oz short. Clive, with that is a phenomenal
- 3:54number with global mine supply every year at 800 million
- 3:58ounces, that means these banks are shorting about 550% of the
- 4:04world's annual silver production, one year's worth of
- 4:08production. So that's just a train wreck
- 4:11waiting to happen. But this January, it's not
- 4:14behave like that at all. I think it was the 1st 72 hours
- 4:18of the month. We had thousands of contracts.
- 4:22OK, guys. So there's the bottom.
- 4:24Nope. Hold on here.
- 4:25I lost you. Hopefully you can still see me
- 4:28and hear me we're. Back.
- 4:30We're alive. We're in the basement.
- 4:32Before I forget and I'm going to tell you the important points
- 4:34that he made during this interview, but thank you for
- 4:38being here. I forgot the most important.
- 4:40Part that to you, right? Your time's valuable.
- 4:43It's a big honor when you decide to join us down here in the
- 4:46basement. That's me and our good friend
- 4:48everybody. Loves her upstairs, Susie.
- 4:50Who likes to communicate? Be a walkie-talkie when I screw
- 4:53things up. But.
- 4:54Please make upstairs Susie happy so she unlocks the basement
- 4:57door. Subscribe to the.
- 4:59Channel. She only unlocks the door after
- 5:01we gain so many. Subscribers give the.
- 5:03Video a thumbs up. Leave a comment in the comment
- 5:05section. You're smart.
- 5:06You matter. You don't have to agree.
- 5:08With me, that's how we. Learn right often.
- 5:11Times is by our. Disagreements.
- 5:12Anyway, subscribe and give it a thumbs up now.
- 5:15What he? Talked about Nick Ward this.
- 5:17Guy super respected Is this fact that the.
- 5:20Chinese are printing unbelievable amounts of money
- 5:24right now. We're going to talk a lot more
- 5:26about that in the coming weeks. They're.
- 5:28Printing money. But a lot of that money is going
- 5:31to buy. Real.
- 5:32Assets, things like silver, things like.
- 5:34Gold is it? Starting to make sense now if.
- 5:37You could print, right, Wouldn't you?
- 5:39Print money, right? Print some of.
- 5:41This I'm not recommending you do.
- 5:43It or anything like that? Right.
- 5:44Print some of this paper money and use that to buy real.
- 5:48Stuff like this. A1 oz Silver round from channel
- 5:52sponsor First Met where you want to go check out if you're
- 5:55looking to get your hands on some.
- 5:56Silver, but that's what the Chinese are doing.
- 5:59OK on top of that. But wait, there's more.
- 6:03So China's printing. Money buying silver?
- 6:06We'll just simplify it. In the West, right, they're
- 6:09selling silver. They're short.
- 6:11Silver. 4.4 billion oz, right? Like Nick said and like we've
- 6:16talked about, that's like 5 years they've sold it, OK, The
- 6:21banks, the big banks sold. That amount of.
- 6:24Silver, so they need to buy it back.
- 6:26They short, They did a short sale.
- 6:28OK, that's five years worth of all the silver.
- 6:33Mines. All the silver.
- 6:34Production for the. World that would need to be
- 6:37physically owned to satisfy those shorts.
- 6:40It's incredible, OK? There's no reason.
- 6:44There's no no. Surprise, like we've talked
- 6:47about many times. That now?
- 6:50Do you see it happening? Right, the Chinese.
- 6:53We saw it happen last night, $93 silver on their.
- 6:56On their spot market that the Chinese have taken.
- 6:59Over. The pricing mechanism.
- 7:02For the for the silver. Price, it's unbelievable.
- 7:05It's and and then. But wait, there's even more,
- 7:08right? Here we get.
- 7:09This from Kitco. I'm trying to run through this
- 7:13the fastest I can because guys, there's more.
- 7:15The things are breaking. It's unbelievable right now what
- 7:18is happening. OK, this from Niels Christensen,
- 7:21headline CME's margin hikes. Remember that.
- 7:23They rate. They hike the margins to.
- 7:25Kill the silver price. Like they did back in 1980 and
- 7:28then 2011 and probably during the C-19.
- 7:31Crisis as well. But those margin?
- 7:33Hikes are just a smokescreen to cover Major.
- 7:37Shortages in the physical. Market.
- 7:39That comes from Baud in Capital and there's.
- 7:42Two key. Paragraphs one in green, one in
- 7:45red, that we want to that we want to focus on.
- 7:48That gives us. Reasons why this is so important
- 7:51In a recent commentary published on LinkedIn, Jen Bowden, founder
- 7:55and CEO of bought in Bought in whatever capital, said that the.
- 7:58CM, ES move to increase margins. To control.
- 8:01Speculative interest in silver is just a.
- 8:04Smokescreen to hide A. Much bigger issue.
- 8:08That will ultimately. Lead to higher price prices.
- 8:12She said that she's looking for silver prices to rise to $200.
- 8:18Per Oz in Red, to the untrained eye, the mainstream narrative
- 8:22will blame excessive speculation on a on A and a.
- 8:26Holiday flush. This I think was.
- 8:28Written during that period where they tried to manipulate the
- 8:30price down. When was that Tuesday?
- 8:33Of last week. Thursday of last week, like at
- 8:358:00 at night. They are wrong.
- 8:37To those of us who have. Navigated the.
- 8:39Wreckage of the. Year 2000 In 2008 Financial.
- 8:43Crisis this. Is not a crash.
- 8:45It's a desperate. Coordinated bailout.
- 8:47Of the banking system to protect.
- 8:49Underwater banks happening. Precisely 24 hours before the
- 8:54world's physical silver market decouples.
- 8:57She said my. 30 years. Tracking market cycles,
- 9:01including successfully predicting the 2000 tech bubble
- 9:04and the 2008 financial crisis, have taught me to look beyond
- 9:08the headlines, right? Listen to people in their
- 9:10basement. Today's action is text is a
- 9:14textbook paper smash. Again, this was probably.
- 9:16Thursday of last week A. Deliberate weaponization of
- 9:20margin requirements designed to save.
- 9:22Deeply short. Bullion banks from the
- 9:24impending. Physical shortage.
- 9:27This is a physical. Driven rally, OK, the margin
- 9:32hikes, right? So.
- 9:34We got something hilarious to look at next, the margin hikes.
- 9:37Aren't making. Any difference but?
- 9:38Wait, there's more. Because remember.
- 9:41Last week, every everybody was out there saying silver's going
- 9:44to crash. Silver's going to crash because
- 9:46the Bloomberg Commodity Index needs to rebalance itself.
- 9:49That hap that happened, it's a five day.
- 9:51Process Thursday, Friday of last week.
- 9:54And from what I understand, Monday, Tuesday, Wednesday of
- 9:56this week. It's happening again today.
- 9:59The Bloomberg commodity. Index is rebalancing.
- 10:02But we've not seen the crash, so the.
- 10:03Margin hikes, right? If not been.
- 10:06Able to dent silver. Strong silver.
- 10:09The. Commodity index rebalancing.
- 10:12Has not been able to dent. Silver.
- 10:15It's a. Crazy what is happening right
- 10:17now in the world. Of precious metals.
- 10:19But here's a great visual. All right, we've been pretty
- 10:22serious. Let's have a.
- 10:23Little fun here. Let's go out and take a look at
- 10:25this. From our friend make gold great
- 10:29again, he says. What it feels like for silver
- 10:33shorts. When they're dumping one year.
- 10:36Of paper silver. Supply onto the market right
- 10:40now. So right, So they're dumping the
- 10:42equivalent of 1 year silver mining supply into the market
- 10:45right now. And this is what it feels like
- 10:46to be them. Hold on.
- 10:48Let's get. This up and boom.
- 10:58Let's just say not having much of an impact.
- 11:00I do want to say thank. You to you.
- 11:03For being here, but I'm not here without the.
- 11:05Help and support. Of our sponsors.
- 11:07First Mint, right? We talked about it a little.
- 11:09Bit earlier there a mint in Las Vegas, NV where you can get.
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- 11:51For you there aren't a lot of bit.
- 11:55OK. Thank you.
- 11:56Upstairs, Susie said. I got a super chat.
- 11:58I'll rig it. Super chats are always super
- 11:59appreciated, never expected. Everything here is free.
- 12:03Remember, don't. Forget to subscribe?
- 12:05Back to first mining. Gold.
- 12:06There aren't. Many big multi million ounce
- 12:09development. Stage gold projects.
- 12:12With millions of Oz of gold in the ground in Canada, you can
- 12:15learn more about. Them at first.
- 12:17Mininggold.com woo we got. More Sprat.
- 12:20OK, you know. The ETFs.
- 12:23SLV in the United States. That let's just.
- 12:26Say there's some speculation as to whether or not they own all
- 12:31the silver they purport to own. I'm not going to go there.
- 12:35But there's a E. TF in Canada run by?
- 12:39Sprott, which is very highly respected.
- 12:42Everyone feels 150% sure. That they do have all the.
- 12:46Physical metal and we're getting reports weekly now that the
- 12:49number of Oz of silver in that ETF continue to go up.
- 12:54UBS, the big Swiss. Bank, right?
- 12:56The Swiss bankers remember right.
- 12:58Growing up, the Swiss banks like secret Swiss bank accounts, the
- 13:02Swiss. Bankers are always known to be
- 13:04in the know, and we get a. Little story.
- 13:06From them. Right here about. :).
- 13:10Hold on. Oh, I forgot this.
- 13:12I'll come back to it. Hold on.
- 13:14All right, here we go. From UBS.
- 13:17This was. Actually on the Scottsdale Mint
- 13:19website, UBS headline, OK. Silver price.
- 13:24Could potentially. Reach triple digit.
- 13:27Levels and then this. Article goes through.
- 13:30All the reason but it says, with little fanfare, the bullion
- 13:33bank. Rose raises their silver
- 13:36forecast. And their gold forecast and
- 13:38apparently then eluded to the fact that we could be in for.
- 13:41Triple digit silver. Right, Which was coined by Keith
- 13:45Neumeyer, the CEO of a First Majestic Silver.
- 13:49It's getting crazy. I forgot.
- 13:51OK, let's go back so we know there's big stress.
- 13:54On the paper markets, the COMEX in the.
- 13:57United States of America. In the LBMA, the London bullion.
- 14:01Market Association, They've these people they've been
- 14:04ruining our silver party for. Years.
- 14:06But now we're in a new world, a new paradigm.
- 14:09But is it even happening in China?
- 14:12Right. Oh, we, I apologize to.
- 14:15Everyone who loves India I Love II is a massive component of
- 14:19what's. Happening with silver.
- 14:20We'll talk about India. There's so much going on in the
- 14:24next live stream. But let's talk about what's.
- 14:26Happening in China right now with silver.
- 14:30This was. From Eric Yong King Kong 9888
- 14:35right again, one of the most in the know and respected people in
- 14:40the silver and gold market, he says.
- 14:42The member of the. SGE.
- 14:44An old man is telling us that on Friday, January 9th, the SGE.
- 14:48Had issues delivering physical silver.
- 14:53It seems they had to kick. Kick physical silver delivery
- 14:56forward to a future delivery date just like the.
- 14:59Comex and the LBMA. Let's listen to this senior
- 15:04Chinese man. This is what, 24 seconds long
- 15:08this is? What?
- 15:09Oh, he's holding. I think they call those plates a
- 15:1115 kilogram silver. Bar Live.
- 15:14From China, Well recorded previously in China.
- 15:17Here we go. Recent silver brick deliveries
- 15:20are failing and now a single brick is hard to find.
- 15:23As of yesterday, which was Friday within the silver Futures
- 15:27Trading system, buyers demonstrated confidence by
- 15:29delivering a total of 64 tons, while sellers showed confidence
- 15:33in delivering just one ton. One particular entity, Wusitu,
- 15:36held a position of 4.6 tons, which accounts for exactly 7% of
- 15:41that 64 ton total. Recent silver brick deliveries
- 15:44are failing and now a single brick is hard to find.
- 15:47Recent. Now that he called them bricks.
- 15:50Gosh darn it, I keep having this issue with my stream.
- 15:53Hopefully you guys can see me and hear me.
- 15:55He called it a brick. Right, I've heard him call him
- 15:57Plates. Whatever those are. 15 kilogram
- 16:00bars. I can only imagine how heavy.
- 16:03Those are, but we're getting words of stress.
- 16:06From the LBMA stress, from the COMEX stress from the Chinese
- 16:09markets, guys, it's happening everywhere and it's happening
- 16:12like. Never, ever, ever.
- 16:14Before now, you may hear people say, and maybe you're one of
- 16:17them. I'm going to.
- 16:18Say a silver. Let's go back a year.
- 16:21One year ago today, silver was, let's say, 30. $5.00 an ounce,
- 16:24probably lower, but nonetheless and we.
- 16:27Talked about $85 silver. One year from now.
- 16:30Which would be today you would say we we're crazy.
- 16:32That sounds like a. Crazy number.
- 16:34OK. If we talk about $200 silver.
- 16:37Right, like Miss Bodden. Just talked about.
- 16:40You may think the same thing, but I'm going to show.
- 16:43You right. And we cannot emphasize this
- 16:46enough that right now we could have $200 silver, we could even
- 16:52have. Higher silver.
- 16:54And it's very easy to understand and it's something that we will
- 16:57harp on continually. Here we go.
- 17:01This graphic from Silver Elephant Mining Okay 1980.
- 17:06Was the silver. Quote UN quote.
- 17:08Peak right that. Well, not now even in nominal
- 17:11forms, but 1980 had been this 50.
- 17:13Dollar Silver Peak. Don't forget guys, if we just
- 17:17adjust that for official. Inflation CPI adjusted based on
- 17:24the government numbers that a. Lot of some people speculate
- 17:29maybe aren't so accurate, but if we use the government.
- 17:32Numbers we're. Going to get to A2. $110.
- 17:37Silver price, but wait, there's more because if you adjust.
- 17:42The 1980 peak. Price right for.
- 17:45M2 money supply. Growth over that period, we
- 17:49would have silver. At $758 per oz.
- 17:54But there's even. More to consider because when
- 17:57you look at the 19. 80 peak. And you look at the 2011.
- 18:00Peak even think. How different?
- 18:03Take a step back. And think how different things
- 18:06are now just. From a silver but also stands
- 18:09for gold as well, but we'll focus on silver perspective.
- 18:13OK, back then they didn't have. Loading demand for.
- 18:17Physical silver coming. From the electronics industry,
- 18:20coming from the. The the.
- 18:22EV battery industry coming from the solar panel industry they
- 18:26didn't have. That.
- 18:27They didn't have. Right.
- 18:29Since 2016, A. General stagnation or even a
- 18:33little bit of a downward trend in.
- 18:35Silver. Production and even.
- 18:37Crazier to think about, they didn't have a empty.
- 18:41Pipeline of. Future silver supplies because
- 18:45those fine. Folks at the COMEX and the LBMA,
- 18:48the London Billion Market Association in London, England.
- 18:51Right, because they've artificially kept the price of
- 18:54silver. Down for 40. 50 years?
- 18:57Nobody. Very few.
- 18:59People invested in exploring. For silver or.
- 19:03For God forbid developing new silver mines, only the.
- 19:07Real, true visionaries were. Out there doing that, right?
- 19:10That makes where we are now way different.
- 19:13But wait. There's more, because guess
- 19:16what? In 1980, was China a factor?
- 19:19No. OK, yeah, sure China existed.
- 19:22But their economy was a. Small fraction of what it is.
- 19:25Today, what about India? And that's.
- 19:28Just two. Because there's more countries
- 19:31that have grown as well. It was India a factor in 1980?
- 19:34No, I'm telling you Chinese. People love.
- 19:39Silver and gold, Chinese and Indian people are in economies
- 19:43that are growing. More and more people are having
- 19:46disposable. Wealth that they.
- 19:48Can use. To buy the metals, we are in a
- 19:51complete and. So you look at those simple.
- 19:53Numbers and where. We are today they they could
- 19:56even be much higher. I'm telling you.
- 19:58Guys, it's a, it's a great. Time to be alive and to be
- 20:01invested in the world of gold and silver.
- 20:05All right, I got a ton more to talk.
- 20:06About I'm going to do my best to get back on tomorrow.
- 20:09Thank you for being here Incredible times.
- 20:12Let's keep our heads and don't forget warning.
- 20:17Oh yeah, OK. And I got to go look at the.
- 20:18Super chats. Thank you guys.
- 20:20Please, please be. Responsible no matter what you
- 20:23do. I'm not a financial advisor all.
- 20:25That good stuff. But from my heart, I'll.
- 20:27Tell you right, be prepared, there will be bullets.
- 20:31And I'll OK, thank you. Upstairs, Susie's.
- 20:33Telling me things, recommending things that I need to do for
- 20:36you. I will ring the gong and I will
- 20:38certainly say thank you for all the.
- 20:39Super Chats. But first, I really think most
- 20:42importantly. Please be.
- 20:44Responsible with however you're investing and, and, and I don't
- 20:48want anybody to ever get into any type of financial trouble.
- 20:52OK, there was more I wanted to say on that, but now my brains
- 20:55not functioning properly. Let's go.
- 20:56Look at the. Super chats I want to say thank
- 20:58you. Wrong screen.
- 21:01That's not it. That's it.
- 21:02Comments and Oh my gosh. Three super chats.
- 21:06Hold on, can I read this? See if I can pull this up?
- 21:10Darn it. And I, I can't.
- 21:11My eyes are going bad. Renegade.
- 21:14All right, here we go. Renegade, Renegade.
- 21:17DD designer thank you for the Super chat my friend take.
- 21:21Off the Bears blindfold. Nope when the.
- 21:23Weekly spot. Close is above $85.
- 21:26We've also got one here from Hold On.
- 21:31Hey ODBG, old dirty bastard garage, good to see you still.
- 21:35My favorite username on YouTube. He's a long time basement
- 21:39dweller. Thank you my.
- 21:40Friend, I appreciate. That and three.
- 21:43Diglets 3 Diglets. I'm scared, Daddy.
- 21:48All right guys, let's ring the. Gong OK.
- 21:50Let's be ready for anything. That's the good.
- 21:54Luck, Golden gong. And no, that's not real.
- 21:57Gold. I wish.
- 22:03All right, guys. And hey, don't forget if you're
- 22:04looking for a. Fun.
- 22:05Interesting. And smart.
- 22:07Way to? Store something precious.
- 22:09For you, right? There hanging is a dirty man
- 22:12safe. You can store stuff in the
- 22:14ground just like the. Pirates did are.
- 22:16OK, learn more about them at dirtyman.com and they have a
- 22:20discount code, Ron 10 Most important, thank you for being
- 22:25here, guys. Wow, unbelievable time we're
- 22:28living through. Take care of yourself.
- 22:31OK. And I'll see.
- 22:32You. Yeah, you.
- 22:34You're important. I'll see you.
- 22:35Next time, thank you.