Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚀 SILVER SOARS! 🚀- YOU Best Listen to THIS! - (MASSIVE News Update for Gold and Silver Prices)

Transcript

🚀 SILVER SOARS! 🚀- YOU Best Listen to THIS! - (MASSIVE News Update for Gold and Silver Prices) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Now we know Trump's plan and we know it will be good for silver
0:06
and gold. I'll give you the reasons during
0:08
this video live stream. But we have major news this
0:11
morning in the precious metals markets.
0:14
Let's get right to the price. Thank you for being here.
0:17
We have good days, we have bad days and hopefully here when we
0:20
go check the price of silver and gold, we're continuing what is a
0:23
very positive morning. You know, let's run out the pin
0:27
backs and just get a quick update on the silver and gold
0:29
price. This is not an update.
0:31
This was last night. We were down three cents on the
0:34
silver price and wow guys, we are up $1.20 and silver to
0:40
$32.25. Up a full $30.00 in the gold
0:45
market 3674. Now we want to pay attention to
0:50
these prices and there's a big reason why we need to close the
0:54
year somewhere around $32 per oz in silver and that will confirm
1:00
on an annual close basis a breakout of a long term like 44
1:05
year cup and handle pattern. And we are in a battle right now
1:10
in the silver market. Let's run out and take a look at
1:12
the futures silver market and I'll show you what I'm talking
1:16
about. This is all changing so quickly,
1:19
but here we are. This is today.
1:21
Look how silver has just absolutely skyrocketed.
1:25
It's unbelievable. Hey, look, we've talked.
1:28
Let me, let me look. Oh, wait, I forgot the most
1:29
important part. You.
1:31
Thank you for being here. Thank you for being part of
1:34
Ron's basement. Even on.
1:35
I mean, this is a pretty good day.
1:37
So far, so good. It's a good start to the week,
1:40
right? We'll take silver up a dollar
1:42
over a dollar per oz. And I want to remind you, was it
1:45
2 weeks ago? We've been through this before.
1:48
There's a lot of volatility. And like we always say that
1:51
volatility cuts both ways. It's a lot more fun on days like
1:56
today. And the critical thing that we
1:58
want to see happen in the silver market is a continued upward
2:03
March. And that's what we've had so
2:04
far. OK, so I forgot.
2:06
Thank you for being here. Your time's important.
2:09
You're here right now. I'll make it quick.
2:11
If you want the content every day, if you want to help out the
2:14
channel, please subscribe. Give the video a thumbs up.
2:17
Super chat. Super.
2:17
Thanks are never expected, always very much appreciated.
2:21
Now let's go. I had this all prepared, but
2:25
things have just really changed here.
2:28
I want to show you something critical that all the top
2:32
analysts, This is why this price move is so important for silver
2:36
because everybody's talking about this.
2:39
I'm at the hold on here. Hopefully we're still alive.
2:44
Are we having a problem? Hopefully you can hear me, guys.
2:47
OK, we're at Yahoo Finance. This is the silver futures
2:51
contract for March. You can see in the upper left
2:54
corner. But what we want to look at are
2:57
the indicators and we're going to put in a moving average at 50
3:02
days. You can see right here.
3:03
So what that shows us is kind of what the average price of silver
3:09
has been for the last 50 days and it rolls forward every day.
3:13
You get a new date's data and you drop the 50th day data.
3:16
That's the red line on this chart.
3:19
As you excuse me, as you can see, we were right here at 3171
3:27
and getting above that is absolutely critical on many,
3:31
many levels. So we're in a battle.
3:34
I mean, as I prepared the notes for this live stream last night,
3:39
this is what I wanted to tell you guys.
3:41
We need to get above the 50 day moving average, which apparently
3:46
we have at this point. So, but we've got big news this
3:50
week. Let's talk about, let's talk
3:52
about the risk factors this week.
3:54
We are going to get on Wednesday the CPI data, the inflation data
3:59
that can have a major impact on the silver and gold price
4:03
because that can impact the perceived moves that the Federal
4:07
Reserve will be making. We're going to talk more about
4:10
the Fed, We're going to talk more about Trump.
4:12
But CPI data could potentially be one of those, you know,
4:17
volatile days similar to what we're experiencing today.
4:21
But and we don't want to see this happen and I don't think
4:24
it'll happen, but it could be to the downside.
4:27
So I want to warn you, I want to be prepared.
4:30
Next Wednesday will be the Feds rate cut decision, right?
4:34
Let's go out to the CME Fedwatch tool just to get a quick update.
4:38
We're going to run. Let's run through the trifecta.
4:41
This is the Chicago Mercantile Exchange Fedwatch tool.
4:46
We have 9 days until we hear from Jerome Powell on the
4:49
interest rate policy. And this has been moving all
4:55
over the place, however. OK, wow.
4:59
It's now priced at almost 90% chance that we will get a rate
5:03
cut a week from Wednesday quarter .25 basis points if you
5:08
want to be fancy, only a 10% chance that we will not get a
5:13
rate cut and that's why we want to pay such close attention to
5:17
this inflation data on Wednesday.
5:20
These things are going to have short term impact on the gold
5:23
and silver price. But we really are in this battle
5:27
guys, because in particular with silver, like I said, if we can
5:31
close the year out above $32 on an annual basis, an annual close
5:36
that will signal a breakout of what has been a 44 year cup and
5:41
handle pattern in silver. And you know, it's to the moon
5:45
after that. Let's say what Trump, Donald
5:48
Trump said it. We need to pay attention to what
5:50
Trump is saying. He did a an interview over the
5:53
weekend and this is what he said.
5:55
And we'll talk about what this means for the wrong one.
6:00
There we go. NBC News tells us make sure we
6:04
got you on the right screen, which we do.
6:07
Donald Trump says he won't try to remove Fed chief Jerome
6:12
Powell. Trump has been critical of
6:13
Powell, whom he appointed in 2018, and has argued the
6:18
president should have a say in interest rates.
6:21
Trump's trying to take over everything.
6:23
I'm going to read the first couple paragraphs here.
6:25
president-elect Trump said he will not try to replace Jerome
6:28
Powell when his whose term runs through May of 2026.
6:33
In an exclusive interview with Meet the Press moderator Kristen
6:36
Welker, Trump said I don't when asked if he had plans to cut
6:41
short the central bankers term. OK, so so we know, and then he
6:48
also confirmed for us that he's going to deport all the illegal
6:53
aliens in the United States. I mean, all of them.
6:56
And he's also bragged about his tariffs.
6:59
The tariffs will be inflationary.
7:01
Here's the deal, guys. We're going to get this Fed rate
7:04
decision a week from Wednesday. The fact that Trump is saying
7:08
that he's going to keep Jerome Powell in the office only
7:11
indicates one thing. He has given up.
7:14
Him and Trump have been talking. I guarantee you, OK, they're
7:17
coming to terms. And I can guarantee you that
7:20
what we're going to see as we move into 2025, we're going to
7:24
see lower interest rates, OK? They are not going to stop
7:28
lowering interest rates or they'll leave interest rates
7:31
where they are. But the critical component to
7:34
what will be happening is higher inflation.
7:37
The tariffs will create higher inflation.
7:40
Just the general business geopolitical situation in the
7:43
world will create higher inflation. the US debt clock
7:48
will create higher inflation. We're going to have whether they
7:51
leave rates where they are or lower them over here.
7:54
This is the inflation. It's going to go higher and
7:56
higher and higher. And as it is, as it gets to be
8:00
more than the inflation rate, that is called negative real
8:05
interest rates. You subtract the inflation rate
8:09
from the from the interest rates, right?
8:12
You subtract, this is what you get on your money, 2 or 3%.
8:16
This is what is stolen from inflation 5 or 6%.
8:20
And so you subtract the inflation from the interest rate
8:23
and you get a negative number, which is negative real interest
8:26
rates. I'm trying to make that as
8:27
simple as possible. It even spends my mind a little
8:31
bit from time to time. But when inflation overtakes the
8:35
interest rates, that's negative real interest rates.
8:37
That is the most conducive environment for gold and silver
8:42
historically. Anyone who's followed markets
8:45
will tell you that that's what we're headed for.
8:47
Stagflation, negative real interest rates and much, much
8:51
higher gold and silver prices. Even our friends think about
8:54
this. Even Goldman Sachs is telling us
8:57
that next year they're expecting $3000 gold.
9:02
Goldman Sachs is saying that. Citibank is saying that, JP
9:06
Morgan and Chase is saying that. All these banks are saying that.
9:09
Some are even saying higher levels because that's the only
9:13
reasonable resolution to the situation we're in.
9:17
So the fact that Trump, right, he said it, he's not going to
9:20
get rid of Powell. That means Powell's in bed with
9:23
him at this point. They know, right?
9:25
The only thing they can do is a weaker dollar, higher inflation,
9:30
inflate away the debt, right? Trump maybe has like a two year
9:33
window to make some big changes. It is going to be absolutely
9:38
crazy, but I am convinced that it's going to be a very
9:42
conducive environment for us that own the precious metals.
9:46
Here's why they can't do anything.
9:48
We need to do our daily check. Here's our field trip.
9:50
Let's take a deep breath, relax. Let's just go out here to the US
9:54
debt clock again. You know, we look at it every
9:57
day because nobody else wants to realize this is going on, right?
10:01
The only solution for this is a weaker dollar and a weaker
10:06
dollar means higher inflation and higher inflation means
10:10
absolute higher precious metals prices.
10:13
We're almost there, basement dwellers.
10:16
The dollar to silver ratio now flirting with 1100 paper dollars
10:22
being created for each one, each one ounce of silver being
10:28
produced throughout the year. While we're out and about, we're
10:31
keeping a close eye on this. Phil Streibel over at Blue Line
10:35
Futures is saying a crit. This is the DXY index, the
10:39
dollar index, right The the the prettiest horse in the glue
10:43
factory. However you want to say it
10:44
compares all the Fiat make believe currencies, you know
10:50
it's like it's like comparing the care bears.
10:52
Was it the care bears those bears that lived in the clouds
10:55
anyway, that's what this is doing comparing all it's it's
10:59
it's it's all the United States and our allies.
11:02
Fiat make believe Unicorn fart does currencies being compared
11:06
together the one O 5 somewhere around one O 5.
11:09
I think 57 is a critical level, guys.
11:12
If we get a bear market, let's just look at it, it's been about
11:16
a week. If we get a bear market in the
11:19
dollar index, similar to similar to what we had during this
11:24
period from 2001, our favorite line to draw through 2011 when
11:32
the DXY index went down precipitously, that was a period
11:36
of time when we had the silver price.
11:40
It's real, right? The last time we had a Big Bear
11:43
market in the US dollar, the silver price, and this was just
11:47
20 years ago that it started. It ended 13 years ago.
11:52
So this is not like happened during the time of Peloponnesus
11:56
during Athens or whatever. I'm not a good history guy.
11:59
This happened 13 years ago. The silver price went from $5 OK
12:05
to 123456789 ten, $50 per oz, so we're going to keep a close eye
12:11
on that. So much going on.
12:14
Other big news. OK, more, man, they're coming at
12:18
us from every angle lately. Other big gold news right now
12:23
from Bloomberg. This is big because got the
12:26
guys. Look, there's been a lot going
12:29
on in the precious metals markets.
12:31
We know that, right? Us basement dwellers, we get
12:33
together, we'd love to talk about this.
12:36
One of the biggest driving factors for the precious metals
12:40
has been central bank buying. OK, It's not you and me.
12:44
It's not Western investors. That's the turbo button that can
12:47
be pushed sometime in 2020, five, 2026.
12:52
That's the ace up the sleeve for gold and silver.
12:56
The fact that none of the Western investors had been
12:59
participating, It's been a lot of the big Eastern central banks
13:03
have driven the gold price higher.
13:05
We need to go check on our friend Oriental Ghost.
13:07
Somebody remind me to do that here a little bit.
13:09
So it's a big deal. So when Bloomberg, yeah,
13:12
Bloomberg is reporting to us about gold and silver, we're
13:16
going to pay attention, right? About gold, in particular in
13:20
central banks. First, let's go out.
13:22
All right, let's take a deep breath.
13:24
But remember, volatility. Today could be a red day in gold
13:27
and silver. But we'll do an update here at
13:29
PMBEX. OK, silver still up $1.14, gold
13:33
up 30. Look, Christmas is a great time
13:37
of year to buy silver and gold as gifts.
13:40
You got two weeks, right? What is today?
13:42
You got a little over two weeks. You got 2 weeks and two days.
13:46
Maybe think about buying silver and gold as gifts for your
13:49
nephews and nieces or parents or whoever.
13:52
If you do, do yourself a favor. Check out channel sponsor Pinbex
13:57
Pi MB EX. They make this possible, OK?
14:00
They also make it possible for you and our basement dweller
14:04
community to get a great selection of gold, silver,
14:08
platinum group metals. They're an online bullion
14:10
dealer, right? They always have ultra
14:13
competitive pricing, so you get more metal for your money.
14:16
It's a company you can trust. It's a company that I worked
14:19
with before they sponsored the basement.
14:22
I'm not never going to tell you what to do, but I will tell you
14:25
that you may definitely benefit from checking out pin backs next
14:29
time you consider buying bullion, silver, gold or
14:32
platinum group metals online. Let's go hear what's going with
14:35
China from Bloomberg. This is big because because the
14:39
central banks have been a major supportive factor, one of the
14:43
major reasons why gold and silver have done well here over
14:48
the past few months. And we get from Bloomberg that
14:50
China breaking news. China resumed because they
14:54
hadn't been buying for a couple months, but now they resumed.
14:57
They resumed resumed gold purchases last month after
15:02
prices had soared. Let's see what they're telling
15:06
us here. China's central bank expanded
15:08
its gold reserves in November, ending a six month pause.
15:11
I didn't realize. Did you know that?
15:13
Six months? And the cool thing is the gold
15:16
price and the silver price hung in there during this period,
15:19
ending a six month pause in purchases after prices for the
15:24
precious metals rose to a record.
15:28
Very interesting bullying held by the Peoples Bank of China
15:31
climbed by 160,000 fine Troy oz last month.
15:37
OK, so the PBOC is added to its stockpiles for 18 consecutive
15:41
months had added, OK. They had added for 18
15:44
consecutive months up until April this year, helping to
15:48
underpin the strength and bullion prices.
15:51
Man, it is coming at us from every single angle, guys, right,
15:57
the central banks and I want to reiterate to you, you want good
16:00
news, you want some good news. The reason why that is such good
16:04
news. Now China is back, fine central
16:08
banks, but we got to realize. Thank you, Brian DAP for that
16:12
super chat. OK, yes, keep the silver faith.
16:16
Well, yes, yes. Look, I'm like everybody else.
16:19
I'm not going to lie to you guys.
16:20
I have my ups and downs, OK, But when we're here, I get excited
16:24
to be with you guys. Thank you, Brian, for that super
16:26
chat. It's such a big deal that we got
16:30
the ace up our sleeves. The world said they're the gold
16:34
price. The silver price have done so
16:36
well. But up here, right, Right.
16:39
You, I want you to scratch your wrist like I'm doing, right?
16:42
You can scratch both of them because up there you got a
16:45
couple aces. As a gold and silver investor,
16:47
you got your silver ace and your gold ace.
16:50
And that is that. The Western investors have not
16:53
shown up for the party. They're still partying on the
16:57
Titanic saying I like NVIDIA, I like Apple stock, I like tech is
17:03
the best, right? They don't know.
17:05
All they know is price. OK, OK, those, those.
17:09
And that's the ace up your sleeve.
17:11
All they care about is price. Well, I bought Apple stock
17:14
because it just goes up. Oh, guess what, buttercup?
17:17
It doesn't go up forever. No offense to you if you own,
17:20
but they don't understand value. You understand value and in the
17:23
end, value. Let me give you a little secret.
17:26
Let me give you let me tell you a little secret about the way
17:29
the world works. And you can talk to any famous,
17:32
highly successful investor. In the end, value always wins in
17:38
the end. Yeah, I'm looking at you.
17:42
Gold and silver will win in the end.
17:45
Gold and silver. Think about this.
17:49
They've had numerous wars, wars with Fiat paper money for
17:55
thousands of years, that now they've got new electronic money
17:59
they're at war with. Doesn't matter.
18:01
Gold and silver have always won. I'm going to tell you what, if
18:04
we were in Vegas and we were betting on a boxing match and in
18:08
one corner we had silver and gold, precious metals.
18:11
And in the other corner you had this right, the US dollar or the
18:17
euro or some form of electronic money that supposedly has some
18:22
form of value, but everybody just pays attention to price.
18:25
We wouldn't, we'd be a no brainer.
18:27
We'd look at the over the years, we'd say, no, we're buying,
18:29
we're into gold and silver. Sorry.
18:31
The other what, what moved the gold and silver market
18:34
overnight? Another factor that I'm hearing
18:37
there was the People's Bank of China.
18:39
Apparently also another China thing also came out and
18:44
basically said we're going to do whatever it takes to support the
18:47
economy. We're going to stimulate, we're
18:49
going to print you on, we're going to do whatever we need to
18:52
do to keep the economy alive. That's all that these central
18:55
bankers around the world can do. We are drowning in debt.
18:59
We are in a debt spiral in the United States, in the world.
19:03
Be ready, be prepared. Think about it.
19:05
It, it's just paper. It's, I can't help it.
19:08
I'm sorry. It's just paper, right?
19:11
Or electronic or whatever. All right, this.
19:16
Here we go. Oh, it's hard to pick it up, all
19:19
right. This, my friends, is real.
19:24
OK? Don't forget that.
19:26
I wish I had a gold bar, but I don't.
19:28
I'd show you that gold is real as well.
19:31
Let's go. We forgot, guy.
19:32
I really feel bad. I know you guys are mad at me.
19:35
I'm getting. I'm all these nasty emails.
19:38
Let's go check on our friend. What do you say we go check on
19:42
our friend? The Is it the Oriental ghost or
19:45
the Shanghai? It's the Oriental ghost.
19:48
Let's see here. There's Elon Musk here 9 minutes
19:51
ago. Let's just do a little quick
19:53
little Elon Musk side trip. The federal government, the
19:58
federal government computers and software are in such bad shape
20:01
that they often cannot verify the payments are not fraud,
20:05
waste or abuse. That's why the government can't
20:07
can't pay pass basic audits. They are often literally don't
20:11
know where your tax dollars went.
20:13
It's insane. Oh wow, let's see what he says
20:16
here. My preferred title in the new
20:18
administration is volunteer IT consultant.
20:21
Need to fix the IT infrastructure in order to make
20:25
government work. This is a grind and hardly
20:28
glorious but we can't make government efficient and fix the
20:31
deficit with the computers that don't work.
20:34
You know how much waste is going on right now in our government.
20:39
It is just absolutely from what I understand from people that I
20:43
that are in the know they're like you would be appalled right
20:47
The amount of fraud abuse and waste not everybody but on a
20:51
widespread basis. There's a lot of fraud abuse and
20:54
waste in our government. Here's our friend, the Oriental
20:57
Ghost. All right, the seven hours ago.
21:00
Let's check on the silver price on the Shanghai.
21:05
And I only emphasize the high because the price always seems
21:07
to be higher. Gold exchange, this physical
21:11
market that's taking over, the COMEX in the LBMA taking over
21:16
undoubtedly the pricing mechanism for the world's
21:21
precious metals. It's happening in real time.
21:24
AG is silver on the Shanghai Gold Exchange, U.S. dollar price
21:30
$33.22. All right, so let's go look here
21:37
in the US, but it hasn't yet reacted.
21:40
Come on, silver, please still be up.
21:43
OK, $1.18. It got better.
21:45
Can you believe this guy's holy moly?
21:49
Silver's up a dollar. I know it feels good.
21:51
I know you're loving it. Let's get a quick update on
21:55
look. Look, there's a couple things
21:58
that will support the silver and gold price, OK?
22:01
We talked about inflation. We talked about that.
22:03
The other major component, there's a big reason why we got
22:07
to pay attention to this and that is geopolitical turmoil.
22:11
And guys, it we are in a point. Do you feel it?
22:14
Is it just me? But we are in a period.
22:16
I'm 54 years old. I don't ever remember the world
22:20
being in this situation that we're in from a war perspective,
22:24
from uncertainty, really scary developments going on in the
22:28
situation in Syria that I mean that I mean, this feels like
22:32
the, the the the Israel situation.
22:35
There's kind of calm down a little bit.
22:38
And then immediately the situation in Syria popped up.
22:41
I'm not, we're not. But the reason why we want to
22:44
pay attention to this is as the world becomes more in conflict
22:49
with each other, if there's a big fact and it makes sense,
22:53
right? This should make sense.
22:55
It makes sense to me. I let me know if it makes sense
22:58
to you. Is the world is in conflict.
23:01
They don't trust each other. And we're seeing that
23:04
everywhere, right? The bricks, the bifurcation, the
23:07
wars, everything else, the less countries trust each other.
23:10
Think about it. If this is based on, what's this
23:14
based on? Confidence and trust.
23:17
OK. And it's not just ours.
23:18
It's all the world's paper Unicorn does.
23:22
Yeah. Type currencies.
23:23
When we don't trust that, they're coded gold and silver.
23:26
What's always, always, always happened?
23:30
China doesn't trust Bitcoin. It's illegal, right?
23:33
They're going to go to Bitcoin, right?
23:35
I mean, think about this. So as we have these big scary
23:38
developments, let's just run out quickly.
23:41
We won't spend a lot of time on this.
23:42
But now we hear Assad flees the Moscow is, Syrian rebels capture
23:49
Damascus, all right, IS. And then now I get this.
23:53
I mean, it is blowing up over there.
23:54
Israel said it's military struck Syria's chemical weapon
23:58
capabilities on Monday morning after President Shar al-Assad
24:03
and his family fed fled to rap. The world is oh man, the time of
24:08
the Assad regime after 50 years. OK, a brutal dictatorship was a
24:14
victory for the entire Islamic nation.
24:17
This stuff is just too confusing to understand, but here's what
24:22
we can point out. He had ruled, excuse me, The
24:25
family had ruled Syria for 50 years.
24:28
These are big, big deals that are happening right before our
24:32
very eyes. OK, All right, guys, we got a
24:34
lot more to cover. Here's a great You want some?
24:37
You want? You want.
24:38
You want a smiley chart? Remember when you were in school
24:42
as a kid and you get a :), this is a smiley chart.
24:46
This one came from the Silver Dejenne Club.
24:48
This guy says I don't care about the sentiment because
24:51
everybody's saying sentiment's so bad in the silver sector
24:55
right now, so bad. He says this is bullish.
24:58
And I just thought this was a great chart that shows us right
25:02
back from the October high here. Let me draw on here.
25:06
I really don't need to draw, but back from the October high at
25:09
$35, silver has dipped down, dipped down.
25:14
And this was before what we're experiencing today.
25:17
So today and he, he shows the chart going straight back up and
25:21
it fits. I mean, it's like a perfect
25:23
symmetric. I don't know what, what does
25:25
this look like to you? We'll call that AAV or AU.
25:30
But today, right, really his arrow is kind of sort of coming
25:37
true. So far so good.
25:39
We're about to right there. So guys, this power in the
25:44
silver market is not going to drop off, right?
25:47
Especially as we had even the big guys are saying it like as
25:51
we head into 2025, a lot of the big, the big name analysts are
25:55
saying, yeah, gold looks good, but woof, silver looks real,
26:00
real good at this point. Yeah.
26:02
OK, let's go. You know who Ronnie Stoffer Lee
26:04
is probably one of the most respected names in the precious
26:07
metal sector, puts out a report, I think it's called In Gold We
26:11
Trust. Here are some fascinating
26:13
charts. Get a big update on what is
26:16
going on. This is from the In Gold We
26:19
Trust report, hot off the press, the December monthly Gold
26:23
Compass. And he shared a couple, just a
26:25
few. This is like a very expensive
26:27
publication. A few of the charts, this one,
26:32
you see all the green on there. That's gold's performance and
26:35
major currencies from the year 2000 through the year 2024.
26:40
Look at all that green. And if we just look down here at
26:43
the bottom, 2024 a year to date U.S. dollars, here's how it's
26:47
performed over the years, up 28%.
26:50
As we scan across, we can see in euros, it's up 34%.
26:55
In Japanese yen, gold is up 36% this year so far, and the
27:00
average is at 33%. But look like who's going to
27:05
tell us the precious metals are a bad investment?
27:07
Do you see a lot of red on that chart?
27:12
That's all I have a quick sip of coffee because Ronnie's got some
27:14
more charts for us to look at. Oh, OK, I'm back.
27:25
Almost choked on coffee. Hold on here, let's see if we
27:29
can get this. Why is this not pulling up?
27:31
He had some more charts. Oh, here we go.
27:33
Gold reached a new all time, darn it.
27:38
Gold reached a new all time inflation adjusted in the month
27:42
high for October of 2024, taking out the previous all time high
27:48
seen in January of 1980. I mean, look at the that's gold
27:52
on a nominal basis and blue is gold, which is CPI adjusted,
27:58
right? Just in numbers, that's where
27:59
gold is. But if you adjust it for CPI,
28:03
right, we're in all time highs. And let's talk about silver cuz
28:07
he brings up a very interesting point.
28:11
Junior silver miners have taken a beating in the month of
28:14
November, pulling back almost 14% compared to the pullback of
28:20
just over 6% in the silver price.
28:23
This left quite a quite a pullback in the SILJ, which is
28:29
the ETF that follows the soap junior silver mining companies
28:32
in the SIL chart. OK, SIL, the silver ratio and
28:38
the SILJ to silver ratio is on the bottom.
28:42
So just big dislocations going on all.
28:47
He's got a few more down here. The Buffet.
28:49
Let's look at the Buffett indicator.
28:50
Talk about talk about about a situation in the market.
28:56
This is the Warren Buffett indicator on the long term side,
28:59
after a pullback during 2022, the Warren Buffett indicator is
29:04
again reaching new all time highs of around 200%.
29:09
Look guys, this is the bubble. We aren't going to get into it
29:12
too much, but when the stock market bubble burst, the reason
29:15
we want to pay attention to that is that I'm in the camp and I
29:19
don't know how you feel about this, but when the stock market
29:21
burst, I think that could be the real major catalyst for crazy
29:28
higher. The gig is up.
29:29
Everybody knows now the Fed is going to have to print money in
29:33
an instant. Look at what the People's Bank
29:35
of China said last night. Like we're ready to do anything
29:38
to support these markets in this economy.
29:40
That's what the Feds going to do.
29:42
Jerome's not going to run around saying that until he has to, but
29:46
at the first hint that we're having a market crash, don't
29:49
worry, Jerome will be out saying the Fed is ready to do take any
29:53
steps necessary to support the markets.
29:56
They're going to say that super quickly.
29:58
And as soon as they say that, that will be you mark my word.
30:02
The moment that you see the gold price go up $100.00 an ounce in
30:07
one day, OK, I'll go on a limb and say it where we see silver
30:11
go up $4.00 an ounce in one day. We haven't had a $4.00 up silver
30:15
day. We're going to have it.
30:16
Mark my word, guys, it's going to to happen because of this,
30:20
right? The Buffett indicator, which is
30:23
the Wilshire 5000, which is the biggest that it's like the
30:26
biggest group of companies. It's an index that includes the
30:30
biggest group of companies, bigger than the what's that
30:33
other one called? Oh, darn it.
30:35
The 2000, the I can't believe the Russell 2000, the Wilshire
30:40
5000 is a percent of USGDP. OK, look at this everything
30:46
bubble, Everything bubblethisisthe.com bubble.
30:50
It only got this high to about what maybe 145%?
30:55
Even during the great when the great financial crisis happened,
30:58
it was just at about 100%. Now we are a 200%.
31:03
I don't know. I'm thinking, I'm thinking maybe
31:05
I want to buy some options on the VIX.
31:07
You know what the VIX is the volatility index and you can buy
31:12
options. I mean, that thing can move.
31:15
You can lose a lot of money buying options as well.
31:17
Trust me, I've been there, I've done that.
31:20
But I'm really seriously considering looking at buying
31:23
some long term call options on the VIX because when this when
31:26
when the hens come home to roost, it's going to be crazy
31:29
and it's going to be a crazy good day for the silver and gold
31:33
market. Talk about this has to do with
31:35
this is what's going on. This is this is what's how
31:38
valuable gold and silver are, right?
31:42
And, and, and what they mean in the world in the world that that
31:46
this next story is important for a couple of reasons.
31:50
Number one, it shows how this geopolitical situation in the
31:53
world is exploding, but it also shows us the gold is still the
31:59
most valuable asset in the world because unfortunately we get
32:03
this news. OK, The country of Mali issues
32:07
arrest warrant for Barrick Gold CEO Mark Pristo.
32:12
There he is right there. You probably know this guy is
32:15
one of the most famous gold mining CEO's highly respected.
32:19
The country of Mali, which is where they have a big mine, has
32:23
put out an arrest warrant in the in.
32:25
The country has already arrested several of their of their higher
32:30
level executives. Molly's military controlled
32:33
government has issued an arrest warrant for money laundering
32:36
money laundering against Barrick Goldcorp CEO Mark Bristow amid
32:40
an escalating dispute over mine revenues in the West African
32:45
nation. These African nations are
32:47
starting to rebel against the Western mining companies, not
32:54
all of them. And it's an evolving situation,
32:57
something we need to keep an eye on.
32:58
But it it shows us two things. Number one, a lot of these
33:02
countries are moving now to move away from being aligned with
33:06
Western of the country of France, traditionally had a lot
33:10
of influence in Africa there. A lot of these countries are are
33:14
throwing out the French and now aligning themselves with the
33:18
Russians and the Chinese. But listen to this.
33:20
The authorities in Mali are also seeking to arrest Abbas Culibai,
33:25
general manager of the Canadian mining companies Lula Gunka Kaka
33:29
Complex, according to people familiar with the matter.
33:32
The warrants mark the latest measure by Maui's government
33:35
that target foreign mining companies operating with them,
33:38
Africa's second largest gold producing nation.
33:42
The Lula Gunkata operation is significant for Barrick,
33:46
accounting for nearly 14% of the Toronto based company's annual
33:50
gold production in almost 12% of total revenue last year.
33:55
So guys, this is and there was another Canadian gold mining
33:59
company that I think they actually did.
34:01
Maybe it wasn't Barrick, I may have been wrong, but they
34:03
actually arrested some of the senior managers.
34:06
They're arresting these people. To me, what does that show us #1
34:11
how much the world is changing, the geopolitical turmoil and
34:14
this period that we're living through right now, and #2 it's
34:18
gold, baby, right? We're not talking about peanuts
34:22
or wheat or something else. This is gold, right?
34:25
The most valuable asset in the world.
34:28
And it's changing here, right before our very, very eyes.
34:32
This is interesting. This one will blow your mind.
34:35
This one will blow your mind. If you're a gold investor, a
34:39
silver investor. We're going to hone in on
34:41
silver, but this take a deep breath came from Kevin
34:47
Bombrough. He added most of the major
34:51
commodities to the chart below. So he did this sorted by clear
34:55
connections. What this is let me let me back
34:57
up here. This shows like the most major
35:02
trend, the major future trends of what we're experiencing right
35:05
now. This is not the chart that will
35:07
blow your mind, but these are tech trends of the future.
35:10
You may not be able to see this too clearly.
35:12
It's a little small, but it points out AI is a tech trend of
35:15
the future space, right? Crypto, nuclear, air taxis,
35:20
robotics, wearables like smartwatches, smart glasses,
35:24
that kind of thing, self driving cars, personalized health and
35:29
quantum computing. OK, so those are have been
35:33
identified and I would agree with that the biggest, but how
35:36
does silver fit into this? This was kind of funny.
35:41
So this guy, Kevin, I believe Kevin did this himself, points
35:45
out that like, look, we've got all these big major trends, but
35:49
we're gonna need metals to deal with this, right?
35:51
We need metals, we need mining to deal with this.
35:54
So he says, then consider adding another column to the right.
35:57
Everything in the chart needs energy, all right?
36:00
Everything. We talk about huge needs of AI
36:03
chips and data centers, but we forget that all of this
36:06
productive capacity for supply chain to create tech all
36:11
requires huge amounts of power and metals.
36:15
OK, the mining, refining and transport industries are huge
36:18
consumers, blah blah blah. Here's his chart.
36:21
This looks like last time I tried to wire up a wire up a a
36:27
ceiling fan at the house, and darn it, I don't think I can.
36:30
Can I zoom in on that? There's a way.
36:32
Yeah. Hold on, Hold on here.
36:34
I want to show you. So this shows.
36:36
Let me zoom in. And this is very interesting for
36:39
silver in particular. Where's my zoomy zoom, zoom?
36:42
There it is. Zoom, zoom, zoom, zoom, zoom.
36:45
That's probably too much zoom, zoom.
36:49
OK, Will we be able to see this? Bear with me, basement dwellers.
36:53
Here we go. It's about as good as we're
36:55
going to do. So this shows the green on the
36:57
left here. Hopefully you can see that.
36:59
That's all those big, big, big, major future trends.
37:03
This shows what they need over here on the right.
37:06
Right. And then he draws lines again.
37:08
That looks like if I do electrical work at your house,
37:10
that's what it'll look like. But it shows the metals.
37:13
And at the very top is copper. We're going to need aluminum.
37:17
We're going to need rare earth. We're going to need iron.
37:19
We're going to need steel. Wait, where did it go?
37:22
Hold on here. I'm embarrassed.
37:24
There it is right there. Silver.
37:26
Look at all those different, all those different applications
37:31
that are drawn to silver. OK, not at the top of the list,
37:36
but still very, very important. But we're going to need all of
37:39
these. All of these minerals are going
37:41
to need to be mined for us to be able to have these future trends
37:45
that they're pointing out. We got almost 1000 people here.
37:48
Thank you, basement dwellers. I'm shocked.
37:50
Let's run out and we got one more big.
37:52
Jesse Colombo put out a free chart over the weekend and we're
37:56
going to go look at that because it shows us and we're going to
37:58
look where we are today relative to this big chart and what is
38:02
happening. But let's run out the pen backs
38:04
and do a quick update. Come on, don't $1.16.
38:08
OK? Wow, guys, man, if we close the
38:11
day, will you be happy? Let me ask you a question.
38:15
Will you be happy if silver closes up a dollar?
38:19
Maybe you've got a silver round near you right now.
38:22
Here, I'm gonna get this one. One of my favorites.
38:24
Isn't it interesting to think. And we don't.
38:26
Look, I'm going to give you the same preach that I give you when
38:29
silver's down a buck. We measure this stuff in Oz.
38:33
OK, Yes. Absolutely.
38:35
Beautiful, right? Heavy, Right.
38:37
But isn't it weird that like this?
38:38
Guess what? This this measured in Unicorn
38:44
went up by this much today, this much so far.
38:49
Who knows, we'll see how the day ends.
38:51
Remember, the ups and downs volatility are going to happen.
38:55
But but at the end of the day, what's important, right is that
38:59
we're in an upward trend, which we are.
39:02
I want to say thank you to channel sponsor first mining
39:04
gold again these live streams, these videos not possible
39:09
without the support of our sponsors and Fortuna mining.
39:13
You can learn both about the learn about both those companies
39:16
at their respective websites, a link to which I have in the
39:20
description of this video. Those are both stocks that I own
39:22
I'm not a financial advisor I'm not giving financial advice, but
39:26
I will just be honest with you. I only take sponsorships from
39:29
companies that I work with right and that I own.
39:32
I eat my own cooking, including Pimbex.
39:35
Wait a minute, there it is Pi MB EX right?
39:38
And I like dirty man safe. I'm giving away a dirty man safe
39:42
on December 30th, you can win a free dirty man safe.
39:46
There's a link in the description of this video, and
39:48
if you want to buy one, a link in the description of the video
39:52
about how you can enter the giveaway.
39:55
If you do want to buy one. There's a code.
39:57
I think I got it right there. Yeah.
39:58
Ron 10, you can put that in there.
40:00
OK, let's go see what Jesse Colombo.
40:03
Jesse Colombo is like one of the hottest new analyst in the
40:07
silver and gold market. This is the free part of his
40:10
Bubble Bubble report. You can subscribe and pay and it
40:16
is great information. He puts out some very, very high
40:19
quality information. Here's where gold stands OK.
40:21
In the United States, gold prices are always quoted in
40:24
dollars. However, he finds it both
40:27
helpful and insightful to also view gold priced in other
40:31
currencies, as this approach strips away the influence of
40:34
dollar fluctuations. So let's examine the gold price
40:38
in the world's major currencies. We'll do that in a second.
40:41
Over the past year, gold has exhibited a healthy, orderly
40:44
growth pattern, climbing steadily through a series of
40:47
consolidation phases, or trading ranges in a stair step fashion.
40:52
The current phase appears to follow this constructive trend,
40:57
further bolstering my optimism. At present, gold is trading
41:00
within a range of 2550 to 2800 on the COMEX futures.
41:05
Within this range, a triangle pattern has emerged.
41:08
Oh guys, we got a triangle pattern.
41:11
We like that signaling potential for significant move once it
41:15
resolves, OK, the next major movement in the gold price, and
41:20
you know, that'll effects silver as well, hinges on a decisive
41:25
breakout from this range, either upward or downward.
41:29
Uh oh, downward. No, we like upward.
41:31
Jesse. Given gold strong confirmed
41:34
uptrend, the probability of an upside breakout is higher,
41:38
aligning with the continuation of its rally over the past year.
41:42
OK, so here's what he's talking about.
41:45
This is the try. This is where we are right now.
41:48
OK, let me let me draw a quick circle around the period that he
41:52
is talking about right here, right.
41:56
This is where we are. That's probably well, there's
41:59
the October high. Then we came down and now we're
42:02
bouncing. You see the see the triangle?
42:05
I don't have to draw it. He already did.
42:07
We are either going to break out or down.
42:09
Let's go take a look at the I would say we are very close
42:15
today in the futures market of breaking through to the upside.
42:20
Now we need some confirmation. I'm not a tech technical
42:23
analyst, all that good stuff, but but man, today is just
42:27
proving to be a very, very so far, so good day for the metals.
42:32
The last part that we get before we have to we have to get to get
42:37
our pay to read any more is in blue.
42:40
I closely monitor gold prices in euros because it eliminates the
42:43
influence of U.S. dollar fluctuations.
42:46
I like this. He's the first guy that I ever
42:48
heard that does this, providing a clearview of gold's intrinsic
42:52
strength. Following a brief pullback after
42:55
the Trump election a month ago, gold price in euros has
42:59
rebounded strongly is now trading within a range of €2500
43:03
to €2600, a decisive close above.
43:07
A close beyond this range in either direction will be key to
43:11
confirming the next major move. Given gold's confirmed uptrend,
43:15
the likelihood of an upside breakout is significantly higher
43:19
as trends in motion tend to remain in motion.
43:23
And I think I pulled up, yeah, this is gold and EUR on Trading
43:28
View. OK.
43:32
And that, yeah, like you can see, right, we're at about 2524
43:36
right now. Let's look at one month and see
43:40
where we are, right? We got up to about 2600, we
43:44
bopped down. We're still in that 25 to 26
43:47
range. So what he's saying is once we
43:49
get above 2600 again, it's going to be off to the races.
43:54
And we experienced this over the last few years with the silver
43:57
market and the gold market, where gold in particular was
44:01
hitting new all time highs in Australia and Canada.
44:05
And that happened before it happened in the United States.
44:10
It was just a matter of time until we got our all time high
44:14
back in October. It will continue.
44:16
Thank you guys, all of you for being here today.
44:19
Thanks to Jake from Jake's Custom Parts for moderating
44:22
Susie, the one and only Annie Oakley and our friend Big Tim
44:26
the Silvershire. I hope you have a great day.
44:29
Let's keep our thumbs up. Hey, yeah, don't forget, please
44:32
give this video a thumbs up so we can get the word out to more
44:35
people. And it's going to be interesting
44:37
to see how this day plays out in the these metals markets.
44:40
But we so far so good are moving in the right direction.
44:43
Take care of yourself. Thank you for being here.
44:46
OK. And I will see you soon.