Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **January 5th** The BLS drops a Bombshell: Gold and SILVER price implications 🚨

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**January 5th** The BLS drops a Bombshell: Gold and SILVER price implications 🚨 · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  216,000 jobs were created by Joe Biden.
• 0:05
  The economic miracle. Bidenomics.
• 0:08
  It's working. But wait a minute, let's take a
• 0:12
  look under the cover 'cause they're doing some tricky things
• 0:15
  with the numbers. Do you want something to be
• 0:20
  happy about? Silver.
• 0:22
  Gold. Precious metal.
• 0:24
  Mining stock investors, today is the day offering us even more
• 0:30
  evidence that the tide has turned, the winds have shifted,
• 0:34
  the sun has come out. In this video we're going to
• 0:39
  answer your questions. Will we have higher precious
• 0:42
  metals prices in 2024? I'll lay out for you why I think
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  today is probably one of the strongest pieces of evidence
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  that we are in a new paradigm for the silver price and gold
• 0:57
  price, Silver into the $40 range, gold $2600 and above.
• 1:04
  Right now it's what, January 6th, 2023, about 9:00 AM.
• 1:10
  And I believe we've hit that point where we've been given
• 1:14
  plenty clear evidence that we are in for a great ride in 2024.
• 1:19
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• 1:23
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• 1:27
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• 1:35
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• 1:40
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• 1:44
  profits in more favorable metals markets.
• 1:47
  Investing in Fortuna is an investment in quality, long term
• 1:51
  sustainable production of in demand precious and base metals.
• 1:57
  Are you feeling the big change? Because we got big news today
• 2:02
  and a big change in how the silver price and gold price
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  reacted. We're going to talk about that,
• 2:08
  but first we're going to talk about the big event, which was
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  the release of the December jobs numbers from the Bureau of Labor
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  and Statistics. We'll dig in briefly to the
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  actual numbers. Then we'll have some fun.
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  We'll talk about why they are such a joke.
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  And finally, we'll talk about why the way that the market, the
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  gold and silver market have reacted indicate to us that we
• 2:33
  are in a new paradigm. The tide has turned.
• 2:37
  So first let's look at the numbers.
• 2:40
  December jobs numbers, 216,000 jobs were created by Joe Biden,
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  the economic miracle Bidenomics. It's working.
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  The market expected only 170,000 jobs.
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  So it was a huge beat. New jobs.
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  That means the price of gold and silver get clobbered.
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  And that is what happened When the numbers were initially
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  released, the unemployment rate was expected to go up to 3.8%.
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  It came in at 3.7%. Another beat, 36 straight months
• 3:15
  of Joe Biden economic miracle job creation 36 months in a row.
• 3:21
  But wait a minute. Let's take a look under the
• 3:24
  cover 'cause they're doing some tricky things with the numbers.
• 3:28
  Let me read you this from Zero Hedge, they said.
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  That said, we are comfortable with predicting that next month
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  today's print will be revised sharply lower, perhaps even
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  below 175,000, meaning today's print was actually a mess.
• 3:47
  Why would we say that? Because once again, the Bureau
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  of Labor and Statistics revise not just one month, but both
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  previous months sharply lower. They do it every month, guys.
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  They release their new numbers and then they quietly say,
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  remember those numbers we gave you two or three months ago,
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  while they were actually a little too high.
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  We've revised them down. Listen to the revisions they did
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  this month. So we got the December numbers,
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  but then they said, you know what those numbers we gave you
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  last month for November, we're revising those down by 26,000
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  jobs from almost 200,000 down to 173,000.
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  Oh, in October. We were wrong about the October
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  number as well. We're revising that down by a
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  whopping 45,000 jobs from 150 all the way down to 105,000
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  jobs. It's even more astounding when
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  you realize that that means ten of the past 11 months.
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  Reports have been revised substantially lower.
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  But is the market calling monkey?
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  Because these great numbers are supposed to torpedo the price of
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  silver. Silver should be down a dollar
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  an ounce, but last I checked it was up $0.35 per oz.
• 5:13
  Gold should be down 35 or $40 per oz.
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  Last I checked it was up over $10 per oz.
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  Is the market calling monkey? Remember, gold and silver are
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  two of the oldest markets in the world.
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  What comes with age? Wisdom.
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  And are they seeing these numbers, Seeing what's happening
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  in the US economy and they know what's coming down the Pike.
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  Let's remember something, OK, employment numbers, even when
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  they are accurate, which they're not, we've already established
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  that. But even when they are accurate,
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  they are a lagging indicator, meaning it takes six months or
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  so for weakness in the economy to show up in the employment
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  numbers. And trust me, it is coming.
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  Even when they modify down the previous month's numbers, we're
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  going to see numbers in 2024 that will make your hair curl.
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  We don't want people to lose their jobs, but we're dealing
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  with reality here. OK, #2, the prior two months
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  being revised down, right? I mean, come on man.
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  Gold knows they don't trust the current month numbers because
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  next month and the following month those 216,000 jobs could
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  easily get revised down to maybe the real number was only
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  $100,000. Jobs #3.
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  The market knows what's going on.
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  It's Biden, Nomics. It's election year shenanigans
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  where they will try to paint a picture, do whatever they need
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  to do to make people think the economy strong.
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  I can't wait to hear Joe today say it's working, right.
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  We're creating jobs. Just look at this number.
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  Don't look at the number two months from now when it's half
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  as much as it is right. But look, it's working.
• 7:02
  Elect me for president. And this is not a political
• 7:06
  show. Whether it's a Republican or a
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  Democrat, whoever is in office will always try to manipulate
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  things during an election year to help themselves get
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  reelected. The point of this whole video is
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  a new day for US silver investors, gold investors,
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  precious metal mining stock investors.
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  Because everything we talked about tells us that when we get
• 7:32
  the absolute worst news that a silver, gold, or mining stock
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  investor would want to hear regarding job creation in the
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  current monetary environment, the worst news that should have
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  torpedoed the price of silver and gold and the metals have
• 7:47
  remained strong. We are truly in a new day.
• 7:52
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• 8:47
  Hey, thanks for joining me here in the basement.
• 8:49
  I want you to come back. Please subscribe to the channel.
• 8:53
  Give this a thumbs up. Both of those are free.
• 8:56
  Most important. Be well and I'll see you soon.