Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER Investor⚡- Short SQUEEZE - (CRITICAL Alert & News Update for Gold and Silver Price)
Transcript
- 0:01Absolute massive breaking news in the precious metals market.
- 0:05Silver breaking out Silver. Breaking Records Silver short.
- 0:10Squeeze. We're going to cover all of that
- 0:11in this video. 1st thank. You for being here please
- 0:14subscribe to the channel that's. Still free?
- 0:17Give the. Video a thumbs up.
- 0:18Share it with everyone you like. Most important, I hope you enjoy
- 0:21your time here in the basement and I want you to come back.
- 0:23Because we are. Having an unbelievable time
- 0:26right now in the precious. Metals markets guys, this is
- 0:30historic record-breaking. This is what?
- 0:34We've been waiting for. In particular with silver.
- 0:37We're going to dig into all of it right now, but.
- 0:39Let's just go get a quick update.
- 0:41On the silver price, this is channel sponsor first meant
- 0:45we'll come back to them in just one second, but let's go out and
- 0:49take a. Look at this because it is
- 0:51absolutely shocking. We'll go to CNBC and take a
- 0:55look. At the silver price.
- 0:56Approaching 39 dollars per oz new. 52 week high today.
- 1:03Wow. Silver has, absolutely.
- 1:06Broken out. Let's take a look.
- 1:08At the one year chart here as you can.
- 1:10See, we are up. I mean, remember just.
- 1:13A few weeks ago. We were talking about needing
- 1:15to. Breakthrough 35.
- 1:16Dollars per oz. Let's look at it on a.
- 1:18Five year basis. Again, I think it's undeniable
- 1:23at this point that Silver is breaking out, but also breaking
- 1:26records. We're going to talk about that
- 1:28next, remember? Why this is so critical?
- 1:31Why the? Reason why we need to be.
- 1:33So optimistic and excited about where we are with the silver.
- 1:37Price right now. Because for years we talked
- 1:40about that. Once Silver got above. 3530.
- 1:43$7.00 per oz. There's hardly no nobody up
- 1:46there wanting to sell. Guys, we are basically.
- 1:49For all intentions. And purposes, right?
- 1:52At new all time highs for. Silver there aren't any people
- 1:56that are. Sitting around saying I.
- 1:58Bought silver for $42.00 per oz and when it gets there again.
- 2:03I'm going to. Sell no, right?
- 2:05Maybe. There's a few, no.
- 2:06Doubt right cuz silver was as high as 50.
- 2:08Dollars several times, but. Basically.
- 2:11There ain't nobody. Most everybody that owns
- 2:13Silver's like you. And me, we bought it at 1814
- 2:16ten, $25 per oz. OK.
- 2:19And we're sitting in the green, and we know the underlying
- 2:23fundamental reasons why silver will continue to be green.
- 2:27Gold also I don't. Want to ignore our friend Gold
- 2:30I? Apologize, Mr. Gold.
- 2:32Because Mr. Gold is the granddaddy.
- 2:35Of of the precious metals world. Let's go.
- 2:39Back and look at the gold. Price because it's.
- 2:41Having a. Stellar day here as well of $43
- 2:45per oz at 33. 70 in the futures market.
- 2:50Let's talk about the records. We're going to talk about new,
- 2:52more news from Elon Musk. Short squeeze.
- 2:55I forgot. I apologize.
- 2:56We're going to talk about short. Squeeze and silver as.
- 3:00Well, but let's go take a look at these records first.
- 3:05OK, record number 1. For silver.
- 3:08This came from the Silver Academy I believe.
- 3:12Hold on one second. Yep, Silver Academy Silver's
- 3:15historic milestone. Highest.
- 3:18Six month close ever On June 30th we.
- 3:22Closed at 36. 17, the highest six months close closing price
- 3:26in the metals. History I'm.
- 3:29Going to tell you why that's so important here in a. 2nd of this
- 3:32record. Setting close is not the only
- 3:34testament to the relentless upward momentum in the silver
- 3:37market, but also marks a pivotal, pivotal moment for
- 3:41investors and industry. Observers worldwide, the.
- 3:45Unprecedented 6 month performance underscores the
- 3:48convergence of. Powerful forces.
- 3:50Tightening supply, surging industrial demand in robust
- 3:53investment interest, not to mention.
- 3:55Jewelry that are. Reshaping the global silver
- 3:58landscape, this milestone signals A dramatic shift in
- 4:01market dynamics, confirming that the silvers.
- 4:04Rally is both historic. And broad based OK and then 3617
- 4:09close serves as a new benchmark. For bullish.
- 4:11Sentiment I want to point, Did you notice this?
- 4:14About the silver rally we've had as well, and gold and gold, but
- 4:19these. Have not been spikes, these
- 4:21haven't been. Green candles.
- 4:23These haven't been. Immediate right?
- 4:26It has been consistent, slow and steady and that's.
- 4:31Exactly what we. Wanted because that meant.
- 4:34All the while. That silver and gold have been
- 4:37moving up, OK? New buyers have come in, people.
- 4:41That weren't believers left. New buyers came in that did
- 4:45believe, and that's a big, big, big, big.
- 4:48Deal. OK, now second big.
- 4:50Deal. Why the six month close?
- 4:52We're going to look at it one more time because nobody else
- 4:54is. Talking about this, but I'm
- 4:56going to talk about it. Till somebody says I'm wrong,
- 4:59which I don't think I am. This was a Twitter.
- 5:02Post from the Happy Hawaiian. We love that guy.
- 5:05Highest 6 month close and silver.
- 5:07History. Yeah, we just.
- 5:08Covered that happy Hawaiian, but hold on here, let me make this a
- 5:11little smaller for. You so we can.
- 5:14See maybe a little more of this. OK, there's that 6.
- 5:18Month chart. OK, these are the.
- 5:20Six month shoot, those are 6 month candles.
- 5:24Let's get back. To the right screen here.
- 5:26In the silver price. As you can see down here at the
- 5:29bottom 1980 right here 2011. Right here.
- 5:34OK, this guy's is a breakout. Of a long term cup and handle.
- 5:39Pattern. OK, this right here was the
- 5:42highest. Close in history this.
- 5:45Right across here. Is the rim.
- 5:49Of the Cup. That's not a good color.
- 5:52Hold on, hold me. Give me a second.
- 5:54What do you say? Yellow.
- 5:55You guys want to do yellow today?
- 5:57We'll do yellow. There we go.
- 5:59This. Right in 1980 see the cup to
- 6:042011 hold on, I'm being I'm going to be a perfectionist on.
- 6:09This Here we go. Here's the cup right right up
- 6:14to. There 2011, there's the handle
- 6:18and there was the breakout. Now we know what's happened.
- 6:20Today we're approaching $39.00 per oz.
- 6:24We're about. Oh, let's say somewhere in that
- 6:26range. But guys, that is the most
- 6:28historic cup and handle pattern in the history of the universe.
- 6:31The cup and handle pattern has been proven throughout
- 6:34Millennium of of technical analysis to be the most reliable
- 6:41and. Here's the secret.
- 6:42The other reason why we're so excited about it is because the.
- 6:45Longer the time frame, the more powerful and.
- 6:49Reliable. The pattern is.
- 6:52And guys, 1980. Through today if our.
- 6:55Mathematics are correct. That's. 45 years.
- 6:58This is for the textbooks we are living.
- 7:01In historic times. But wait, there's more.
- 7:04There's one more big. Record that recently got.
- 7:07Broken with silver that could signal.
- 7:10A short squeeze. Look in the coming.
- 7:12Weeks we're either. Going to have a massive attack
- 7:17on the silver. Price it could.
- 7:18Happen. That's the bad news, right?
- 7:20A massive attack on the silver price to push it down.
- 7:24If they do that, it will only add.
- 7:27More fuel it will. Only add more air in the beach
- 7:30ball that's being held underwater.
- 7:32I don't think they're going to be able to do it.
- 7:34They've not been able. To do it OK, but what we could
- 7:37see, Are you ready for the S word a?
- 7:40Squeeze in the silver. Price because.
- 7:43Our friend Chris Marcus. Over at Arcadia.
- 7:45Economics brought up this this very good point.
- 7:49Hold on here. Here we go, all.
- 7:52Right, let's get give him proper credit.
- 7:54Chris is a. One of the royalty in the
- 7:56precious metals world Arkady economic sub stack talking
- 8:00about. Silver reached its highest.
- 8:02Level since September of 2011. That's not what we're focused on
- 8:07here, but hey, that's another. Record, let's go down.
- 8:09Here and look. At the other record that was
- 8:12shattered, that could tell us we're in for a silver squeeze,
- 8:15he says. It's also.
- 8:16Worth noting that. Silver is hitting this.
- 8:19Peak and this was written like. Yesterday or the day before?
- 8:22Before the. $3839 silver that. Today as of this.
- 8:26Recording we're experiencing. OK, I'll start over.
- 8:31It's worth noting. That silver?
- 8:33Is hitting this peak in the week following the banks setting a
- 8:38new all time record? Or the largest silver short
- 8:46position ever at 50. 4388 net. Collectively short, we have the
- 8:54largest silver paper silver make believe silver, right?
- 9:00From our friends at the Comex and the LBMA.
- 9:03The London Million Market Association.
- 9:05This is massive, guys. This is massive and new eyeballs
- 9:10are coming in. I'm I'll get to that next look,
- 9:13look the. Reality in the silver.
- 9:18Market right now is just it's unbelievable, OK, this massive
- 9:22net short silver position record levels record 6 month closing
- 9:30we've seen time and time again. And that the price discovery the
- 9:34other. Reason why we can be so excited.
- 9:37Is that? Silver and gold.
- 9:38Price Discovery. Isn't being so.
- 9:40Sorry boys and girls. At the COMEX in the LBMA.
- 9:45Right your. Time is up right now.
- 9:48The eastern countries, China, India all.
- 9:51Throughout Asia are. Beginning to control.
- 9:54The real. Price of gold and silver, yes,
- 9:58the Shanghai Gold Exchange. And some people were offended by
- 10:01the way I was saying Shanghai. So I apologize I.
- 10:04Won't do that anymore. And I mean that.
- 10:06OK, the Shanghai Gold Exchange is now.
- 10:10Setting it's a physical. Market.
- 10:12For silver, we look. At it all the time, our friend
- 10:15Oriento. Goes the world.
- 10:16Has changed. We could definitely be in.
- 10:19For a silver short. Squeeze.
- 10:21Even a slow motion silver short squeeze.
- 10:25They're short like I. Read something the other.
- 10:27Day like 55%. Of the annual silver production
- 10:31is short right now. It's unbelievable, but what's
- 10:34even? More.
- 10:35Exciting. I got one more thing that's more
- 10:37exciting, but before I forget, this is super exciting.
- 10:40The gold and silver content is made possible by our channel
- 10:43sponsors, first Mining Gold and our friends at First Mint.
- 10:47First Mint is a silver mint located in the United States in
- 10:51Las Vegas, NV, but they are owned by First Majestic Silver.
- 10:55Yes, First Majestic Silver, which is run by Keith Newmeyer,
- 10:59the most respected name out there in the silver.
- 11:02World so first. Majestic Silver mines silver in
- 11:06Mexico ships at the Las Vegas, NV, where it's minted into.
- 11:09World class Silver. Bullion products, they've got a
- 11:13new product and we're going to show it to you right now.
- 11:15Breaking. OK, Breaking.
- 11:17It's their Las. Vegas round, they make some
- 11:20unbelievable beautiful look. At that, it's got the roulette
- 11:24wheel. Around the outside on that, I'm
- 11:26sorry, poker chip on that. Side no roulette.
- 11:29Wheel on this side. It's the poker chip.
- 11:32Theme. This thing is, it's so
- 11:34beautiful. I'm keeping it.
- 11:36In a silver capsule. OK.
- 11:38Let's go take a look at their website.
- 11:41I want to show you this. On their website because.
- 11:43I was personally, honestly very surprised at what the price is.
- 11:48I think it's super affordable. There it is, right there, the
- 11:51Las Vegas. Poker chip round now and I'm on
- 11:55the wrong. I got to share the right screen,
- 11:57sorry. Guys, all right, here we are.
- 12:00Out at first met. I believe.
- 12:03Yep, here we are. OK, let's go out and look at
- 12:05the. Poker chip round you're the
- 12:07dragon. That's my favorite, the Indian
- 12:10and this is my new. Favorite the Las Vegas.
- 12:13Poker chip round. But I was surprised at how
- 12:16affordable these are. They also hit bars, but let's go
- 12:20out here to their store. And again, we're at first
- 12:23mint.com go to rounds. Do this slowly.
- 12:27And go to the Las Vegas round, $41.00 if you buy a hundred of
- 12:31them, I thought. That was a good price 40.
- 12:33Two, I mean, we're talking $39.00 silver. $38 silver today
- 12:38so go check these out. They do have a.
- 12:39Discount code VI. PRB.
- 12:43But it's a company that has great selection, great service,
- 12:47and most importantly, you can trust them, right?
- 12:49This is backed by First Majestic Silver and Keith Newmar, and
- 12:53it's a unique proposition that. They offer to the.
- 12:57Silver community because it. Truly is like the freshest.
- 13:01Silver on the market. It's literally from the mine to
- 13:05the mint. I want to read you a little.
- 13:06Blurb they sent me about this poker new silver.
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- 13:12introducing first mints A1 oz silver bullion coin.
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- 13:46Thank you, First Mint. Thank you, First Majestic for
- 13:50for for. For giving us First Mint and for
- 13:52the sponsorship of the channel here in the basement, let's look
- 13:55at. Gold real quickly because
- 13:57Rashad. Brought up something.
- 13:59Very. Interesting about the gold.
- 14:01Gold is the grand pappy of all the precious.
- 14:06Metals and here we go. Let's give Rashad his proper
- 14:11credit. There he is.
- 14:12We love Rashad, he says. Gold.
- 14:13Has been trading within a 10 day bullish.
- 14:16Flag Is there a? Development.
- 14:19Basement dwellers that we need to look at.
- 14:20Let's see if it breaks out today.
- 14:23And this was as. Of July 10th.
- 14:28All right, let's see Rashad. Our friend Rashad so.
- 14:33This is the bull. Flag on the gold.
- 14:35That, that's the flagpole. And this is the.
- 14:39Flag OK, that's why they. They come up with these names
- 14:42like head, I'm sure head and shoulders right?
- 14:45None the less did. We break out of this.
- 14:50Yes, OK, right now. Today we are at what do we say
- 14:553360? I think it's pretty safe to say
- 14:59that we. Moved up into that little
- 15:01orange, I'm sorry, red circle. So the gold.
- 15:03Market continues to look good, but.
- 15:05Guys is the. Real money going to be made in
- 15:09the mining stocks, you know, Look, I've been investing in the
- 15:14precious metal sector now. For two decades.
- 15:16Right, including into the precious metal mining stocks.
- 15:20If they moved, yes, they've definitely moved.
- 15:23But if they moved. Appropriately for the for the
- 15:27current prices that we. Have in the silver and gold
- 15:30market. Some people say no, I say no.
- 15:33OK, now look, I'm not a financial advisor.
- 15:35Don't buy or sell anything based on anything I'm saying.
- 15:38I'm just giving you my truth. I have an investment in precious
- 15:41metal mining stocks. I have for decades.
- 15:44OK, they've moved, but I think that really there's there's a
- 15:48lot. More opportunity at this point
- 15:50for big returns, potential capital appreciation in the
- 15:54mining stocks. See if I can pull up here.
- 15:56For you. Thank you, Rashad, for that.
- 15:59Here we go. Here's the Junior Gold Mining
- 16:03ETF. OK, it's definitely moved.
- 16:06This is. The GDX.
- 16:07J. So this is a.
- 16:09Kind of an ETF. That tracks a basket.
- 16:13Of the junior gold mining stocks, which traditionally will
- 16:17move much in a much more aggravated way than the than the
- 16:22senior mining stocks. But if we look.
- 16:24At a five year chart look. Back in What was this, 2020?
- 16:30That was at 50. $7.00 today. It's at $68.
- 16:33But it gets even more interesting if we look at the
- 16:35all time data. That'll pull it up for me here,
- 16:39darn it. OK.
- 16:40There we go. There's the all time data.
- 16:42If we go back to two. 1011 you can.
- 16:45See that this ETF was priced at a. 100 that is high as 100 and.
- 16:51$66. OK, right now.
- 16:54That's a. That's a. $100 more than where
- 16:56we. Sit.
- 16:57It's $68 so. I think, think about.
- 17:00This this is a. Very important concept to
- 17:02understand if you're a gold miner or a silver miner, and the
- 17:06same thing's true for the silver mining.
- 17:08I own a bunch of the development and exploration stage silver
- 17:13mining. Stocks silver.
- 17:16Mountain Dolly Varden over. Zuma Silver Silver 40. 7.
- 17:22What's the other one? BlackRock Silver.
- 17:25I own little chunks of a bunch of these.
- 17:27It's but. Look.
- 17:29The gold miners in particular, and the silver miners right now
- 17:33think about. If this if.
- 17:34You're a gold miner. We'll just use that as an
- 17:36example and it cost you let's say $2000 total to get an ounce
- 17:42of gold out of the ground. Well, a $2500 gold, you're
- 17:46making $500.00 an ounce. OK, all right, simple math if.
- 17:50The price of gold goes to three. 1000 you're not making 500 an
- 17:53ounce, you're still now you're making $1000 per oz and if.
- 17:58Gold goes to 30. $500.00 an ounce, which seems very
- 18:01reasonable. Right now you're making $1500
- 18:04per oz. The point is that as the price
- 18:07of the metals goes up, generally speaking, and in.
- 18:10Particular as of late because the price of oil, which is the.
- 18:14Biggest expense for the mining companies has remained.
- 18:17A stable the. Cost to mine the the metals out
- 18:21of the ground remains relatively stable when at the same time
- 18:25increases in the metal price almost 100.
- 18:28Percent of that will. Flow through an increased profit
- 18:32and cash flow. So it's crazy times right now.
- 18:34Very interesting. We're going to keep a close eye
- 18:37on the on things as they develop.
- 18:38Here, but the price of silver is just absolutely shocking.
- 18:42We are. We are breaking.
- 18:44Records. Are we OK with that?
- 18:46Wait a minute. Where'd he go?
- 18:48Where'd he? Go, I forgot his name.
- 18:49Barnabas. The silver Bear Where is the
- 18:52silver? Oh, there he is.
- 18:52Right there, there he is. Hold.
- 18:54On Hey OK, right next to 1st Mint.
- 18:58We have the. Silver Bear, now remember.
- 19:00At a time Smitty. Sorry, Smitty.
- 19:03Smitty. This bear was blindfolded.
- 19:05The gold bear with a $2500 blindfold on.
- 19:08A lot of you remember that. People said we were crazy.
- 19:13I remember sitting down here and oh, you know, look, I've heard
- 19:16it all. None of it, None of it.
- 19:18None of it bothers me at this point, OK?
- 19:20People said I was. A a gold pumper because I was
- 19:23telling people that gold. Was going to get the $2500 and
- 19:27we were going to take that blindfold off.
- 19:28Well, I think we got above $2500, OK.
- 19:32Smitty over there, right? He's at $85.
- 19:35We'll see where that goes. I do want to say thank.
- 19:37You we're talking about gold mining stocks channel sponsor
- 19:40First Mining Gold. They're a Canadian gold
- 19:44development stage company. That means they've determined
- 19:47that they have massive amounts of gold in the ground in Canada
- 19:52a favorable jurisdiction. They have two huge projects,
- 19:56multi million ounce deposit projects that have been drilled
- 19:59to find all that Du Parquet in Quebec and Spring pole in
- 20:03Ontario and they have another big.
- 20:05Project the Cameron Project. Also in Canada, we're talking
- 20:08about gold in the ground, working through the permitting,
- 20:12working through the development stage.
- 20:14A lot of. Catalyst can come.
- 20:15Through but I like it's a stock. That I own.
- 20:18I'm not a financial advisor, not recommending to buy or sell
- 20:21anything, but I like owning the stock because to me it's like
- 20:24owning gold in the ground in the safest vault in the world, right
- 20:28Mother Nature. 'S Earth.
- 20:30You can learn more about them at firstmininggold.com.
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- 22:14Oh, Susie, hold on a second. This is upstairs, Susie, all
- 22:17right? She's part of our.
- 22:18Our basement dweller community. And she had something to say.
- 22:22Let's check back in with her. Susie.
- 22:24What were you saying over? We almost got to a certain
- 22:26number of thumbs UPS. Yes, I was.
- 22:28Trying a new session, now you have 91.
- 22:36Likes, OK, Thank you, Susie over.
- 22:37Hi, guys. Hey.
- 22:38Look, I'm willing to. Look, look, we're a.
- 22:40Community, we're the silver and gold.
- 22:42Lovers, right? The original forms of
- 22:45cryptocurrency. We love silver.
- 22:48And gold. And we welcome the crypto people
- 22:49that come and watch. The silver.
- 22:51Crypto people love to. Learn about silver.
- 22:53And gold as well. Let's get 100 thumbs up and I'll
- 22:56ring the old golden gong. It's a special.
- 22:58Day, right? This is a big day for us.
- 23:01Precious metals investors. Let's see if Susie.
- 23:05Can give us an update and when she does we will ring the golden
- 23:10gong because we are in. Record-breaking territory.
- 23:14We deserve it. It's been a long, long haul.
- 23:18Hold on here. Let's check in with Susie to see
- 23:20if we got to 100 thumbs up. Upstairs, Susie over.
- 23:27Did we get to 100? Thumbs up over.
- 23:29Let me refresh. Again, just a.
- 23:35Minute, don't forget to smile when you talk.
- 23:41I didn't hear what you said over.
- 23:48Is it time to ring the gong over?
- 23:53OK. All right.
- 23:54All right, guys, listen up. Listen to it resonate.
- 23:56This is for Man, I love that. Just.
- 24:07Absolutely unbelievable what is going on right now.
- 24:12For us. Hey, you know, and we can be
- 24:14prepared for anything, like I said, right, We're breaking
- 24:17records in the silver market on many levels.
- 24:20There is a record short. Position.
- 24:23Big deal. OK, big, big deal.
- 24:26I'm going to wrap it up in one second before.
- 24:28I do that. It's really a big.
- 24:30Deal when you come down here and join us in the basement on.
- 24:33Behalf of Upstairs Susie. On the walkie-talkie and myself,
- 24:37I want to say thank you for being here, OK?
- 24:40This is a community. If I'm down here by myself, I'm
- 24:44not down here. Right, we're together.
- 24:46We're connected right now all around the world.
- 24:49Be nice. To each other, be good to each.
- 24:51Other welcome new people oh, that was the I got a big point
- 24:55welcome new people into the precious metals community right
- 24:59look guys, that's the other thing that's happening right now
- 25:02more and more people. Silver.
- 25:05Doesn't really. In particular, gold's been
- 25:07getting some attention, but silver doesn't.
- 25:09Really get a lot. Of momentum from buyers until
- 25:14the. Price starts to skyrocket.
- 25:16Look. Hopefully a lot of.
- 25:18You and the new. People look dollar cost average
- 25:21is what I. Always recommend but the.
- 25:22Reality is a lot of people. Pile into silver when the price
- 25:27goes higher and higher. I still think it's a good value
- 25:31right now. We'll see how.
- 25:33All that plays out again. Thank you for being here.
- 25:35Please subscribe to the channel. That helps.
- 25:38OK, it's. Free and take.
- 25:40Care of yourself. I'll look forward to seeing you
- 25:43next time. Have a great.
- 25:44Day. Let's go silver.