Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER Investor!⚡THIS is SHOCKING - (MASSIVE Alert and News Update for Gold and Silver Price)
Transcript
- 0:01I made a shocking discovery last night that I'm going to share
- 0:04with you later in this video. About the gold.
- 0:07And silver market in regard? To inflation, interest rates,
- 0:11something nobody. Else is talking about and.
- 0:14It will indicate to us that we've got.
- 0:17You're not going to believe this, but really guys, we've.
- 0:20Got a? Great, great road ahead of us.
- 0:22First we're going to talk about some great high level gold price
- 0:28predictions and then we're going to talk about what's going on at
- 0:30the COMEX the Open interest. Yeah, the Comex, the electronic
- 0:35exchange. That has been.
- 0:37Beating down the. Price of silver and gold for
- 0:40decades and decades before we do that.
- 0:43Thank you for being here. Thank you for being part of the
- 0:45basement. This is not.
- 0:46Possible without you. We don't charge anything for the
- 0:50content, so please subscribe, give the video a thumbs up and
- 0:53that'll put a a big smile on upstairs Susie's face.
- 0:57So before we get to the shocking development that I discovered
- 1:00within the silver and gold sector, let's look at a.
- 1:04Great new forecast. For the gold price.
- 1:07And then I. Need to remember to go check on
- 1:10the gold and silver. Price, but Steve Hankey said
- 1:13this. And then we're going to.
- 1:14Talk about Steve. Hankey and why we want to pay
- 1:17attention to him, he said. A Reuter Reuters poll shows that
- 1:20analyst. Have raised their annual gold.
- 1:23Price forecast to an average of $4900 in 2026.
- 1:28Not high enough, he said. I stand.
- 1:31With my prediction. That gold's secular bull run.
- 1:35Will peak out in the. 6 to $7000 range, he says.
- 1:40Buy gold, wear diamonds. Doesn't that look?
- 1:45Good. Is that your basement that we're
- 1:46looking at there? Look at all.
- 1:48The people in the world with their shopping carts full of
- 1:51gold and the the beautiful woman not as beautiful as upstairs
- 1:54Susie, but laying on the couch with a with.
- 1:58Diamonds and. And gold all around now.
- 2:02Who is Steve Hankey? I don't know about you.
- 2:05OK, Well Steve Hankey number one has almost. 800 and. 50,000
- 2:10followers on X but he's. Been.
- 2:13Known to be one of the more conservative and more accurate
- 2:16predictors of general economic data and the precious metals.
- 2:21And he's a. Professor at John Hopkins
- 2:23University. And I saw that and I thought
- 2:26where the. You know John Hopkins.
- 2:28Is, I don't know about you, but it's one of those like schools
- 2:31that I've heard of over the years, but I'm like where?
- 2:33The heck is? John Hopkins University.
- 2:35Anyway, so I looked it up. It's in Baltimore.
- 2:38Maryland, it's highly, it's like a not an Ivy League, but like a
- 2:41super. It's like the.
- 2:42World's most respected research. University, He's a professor
- 2:47there, he's got a. Huge following he's.
- 2:49Very conservative has it's been over the.
- 2:51Years. I've followed him over the
- 2:53years. And he's calling.
- 2:54For a $7000 gold price. And now we know where John
- 2:58Hopkins University is. I think it was Baltimore, MD,
- 3:02but it's a. Big like very.
- 3:04Prestigious research university OK, let's go on to the comex
- 3:08because there's. All this, all this noise.
- 3:11Coming out about. COMEX open interest at all time
- 3:14lows. Is the comex.
- 3:15Failing right is the comex. Will fail eventually.
- 3:20Just like all Fiat. Currencies fail.
- 3:22The futures market will fail. But let's dig.
- 3:24Into some data and then we're going to get to this massive
- 3:27discovery guys and it's going to be you're you're.
- 3:31Going to experience. You know when you learn
- 3:33something. New and.
- 3:34Light bulbs. Come on, I.
- 3:35Experienced that last night and trust.
- 3:37Me, we all got a few light bulbs in our head that we can still
- 3:40light up but. Let's go out and see what's.
- 3:43Happening. Oh, I promised an update on the
- 3:45gold and silver price then will go to the the Comex, but here we
- 3:50are. Hey, look at.
- 3:51That silver live. Up $2.36 per oz Gold up 23
- 3:57dollars. Wow.
- 3:59Silver back at $76, wasn't it just like it got the IT got them
- 4:03what I consider the critical level on.
- 4:07Tuesday of this. Week it got the 7250 per.
- 4:11Oz And we talked about that now it.
- 4:13Actually got below. 7250 as I remember that to me that was
- 4:18kind of the line in the sand so the fact that we.
- 4:20Bounced from there. Trust me, I look at all.
- 4:24The charts I look at. All the fundamental data of a
- 4:27lot. I spent a lot of time working on
- 4:29this. 7250 was the line in the sand is the line in the sand and
- 4:35the fact that we bounced significantly from that is a
- 4:38very good thing for the silver price.
- 4:41But remember. Tuesday, it was like a horrible
- 4:43day. We'll go.
- 4:44Figure a horrible day in the silver.
- 4:46Market not, not a wonderful, wonderful day in the
- 4:49neighborhood like Mr. Rogers says, but.
- 4:52Here's the data. From Tuesday, so the day that
- 4:55the silver price got smashed but the silver market traded almost.
- 4:595. 100 million paper oz. That was the data from Tuesday.
- 5:05Let's pull that up just to make sure.
- 5:08It says yeah, right there, Tuesday the 28th of April.
- 5:12So don't you? Find it suspicious that.
- 5:14On the days when silver gets absolutely smashed, I think.
- 5:18Yesterday the paper. Market traded like 250 or what,
- 5:22maybe less than 200 million ounces.
- 5:25That's in one. Day OK on Tuesday.
- 5:28I'll get this right today. I made a mistake yesterday.
- 5:30I apologize to you, my fellow basement dwellers, but on.
- 5:34Tuesday, the day they smashed the silver.
- 5:36Price down. It traded 500 million ounces in
- 5:40the course of a. Whole year.
- 5:42The entire mining. Sector only produces 800
- 5:45million. Oz I mean, they they traded.
- 5:48In one day, five days of the. Entire year's physical supply
- 5:52but wait, there's a lot more OK because because we're getting
- 5:57more and more attention and data drawn under this fact that open
- 6:01interest is at extremely low levels.
- 6:05This came from our friend NBA economics.
- 6:07What's interesting this time around is.
- 6:10That the total. Open interest across.
- 6:13All dates on the Comex. All the future.
- 6:16Dates has hit 10 year. Plus lows.
- 6:20People are not. Rolling and what they mean by
- 6:22that is that on the in the futures market, if you have like
- 6:26a May futures contract, usually what would happen is they would
- 6:31just roll those forward to future dates, you know, out, out
- 6:35in the future, June, July, whatever the contract dates were
- 6:38and they're not doing this. They are.
- 6:40Cashing out? Customers are completely
- 6:44avoiding the Comex now and margin decreases like we had one
- 6:49week ago today are not bringing them back.
- 6:53But wait, there's more. Because the old.
- 6:56Silver Wig brought this up physical.
- 6:59Players have left. The comex can you?
- 7:02Blame them. OK, because the comex is where
- 7:05a. Lot of physical players would
- 7:07would hedge their their their. Future needs.
- 7:10Or their need to sell. Can you blame them?
- 7:13Why hedge with an exchange? That does not.
- 7:17Have enough of the commodity you need to hedge the data.
- 7:21In the PMPU. Category of the Cot report makes
- 7:26it clear OK the PMPU category stands for the Producers,
- 7:32Merchants, Processors and Users. Those are the people that
- 7:37actually. Need the metal right, a lot of
- 7:39big mining companies will will sell forward their silver
- 7:42production to hedge it. And, and and the same thing with
- 7:46the producers. I'm sorry the merchants, the
- 7:49processors like Jewelers that OK that the data there is showing
- 7:54that they are leaving the market.
- 7:56And again, the COT report will cover all the acronyms.
- 7:59Here for you is the commitment of trader reports that comes out
- 8:04from the government, I believe like on a weekly basis.
- 8:08And there's a great, here's a great little picture that's a
- 8:13live, what do they call that? A webcam, live webcam of the
- 8:18Comex silver vaults in New York, because we know they're all in
- 8:22New York. By the way, we talked about that
- 8:24earlier, earlier in the week that that they're trying to not
- 8:28get that changed. There's actually legislation to
- 8:32more geographically diversify where the silver is stored, but
- 8:36there's a live webcam of the of the empty of the empty.
- 8:42Vaults. OK, now we've got something fun.
- 8:45Based on all. That we know the Comex is in
- 8:48trouble. We got a.
- 8:49Special message. For you, this is hilarious.
- 8:53This came from my friend again from the silver wig.
- 8:56A a special message for you about what is happening right
- 9:00now in the paper markets. This is 10 seconds long.
- 9:04Enjoy. Just waiting for the comex to
- 9:08die. I like that guy, I think.
- 9:15Just waiting for the for the comex to die.
- 9:19OK. All right.
- 9:21Hey, if you want to get your hands on some silver before the
- 9:24comex potentially. Dies right speculation, but it
- 9:29will die at some point. Please.
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- 10:28There's the dragon round and the price that you see there will
- 10:32already include the $2.00 discount.
- 10:34The dragon round is beautiful. I have one here in the basement,
- 10:37so thank you. First meant for sponsoring Ron's
- 10:40basement. It's a big honor.
- 10:42It's great for us, right? Basement dwellers, we're all
- 10:45about quality to be associated with such a quality company, OK.
- 10:49Shocking data. I learned something, discovered
- 10:52something, thought of something last night.
- 10:55That that it it relates to what? Everybody's talking about right
- 10:58now in the gold and silver market and they're wrong, OK,
- 11:02And I'll explain to you why and I'm not and, and, and, and prove
- 11:05me wrong if you believe I'm wrong about this, but.
- 11:09Everybody's. Talking about this.
- 11:11Right interest. Rates the Fed.
- 11:13Interest rates and. Everybody's talking about this.
- 11:16Right, inflation, guys. Here's the kind of the common
- 11:21the common. Thinking right now that if you
- 11:23have. Interest rates here and
- 11:25inflation here, and they're about equal, right?
- 11:28Now won't be at that over there. We go at about, let's say, 3 1/2
- 11:31percent, OK, Interest rates are 3 1/2% and inflation's at 3 1/2
- 11:36percent. Everybody wants interest.
- 11:39Rates to go down, OK, that's. Going to be good for gold and
- 11:42silver if the Fed cuts rates right?
- 11:45Why? Because it creates this gap, the
- 11:48gap between the interest rate in the inflation rate, right?
- 11:52That gap that's called negative real interest rates.
- 11:55But now we're in the situation where everybody.
- 11:58Thinks the Fed is. Going to hold rates steady,
- 12:01right? And that's bad for gold, bad for
- 12:04silver. Well, no, because if inflation
- 12:08goes up, OK, it creates that same gap.
- 12:12Inflation, whether you do it like this, where inflation's
- 12:15higher than the interest rates or you have inflation go up, OK,
- 12:20it creates that same gap where the inflation rate is higher
- 12:25than the interest rate, that creates negative real interest
- 12:29rates. That's not the big.
- 12:30Thing OK, we've. Talked about that before, but
- 12:33that's critical. For us to.
- 12:34Understand, we don't need the Fed to cut rates for gold and
- 12:39silver to go up as long as that gap, right, Whether it's down
- 12:43here or up here, right? Where inflation is higher than
- 12:47interest rates exist, that is going to be good for the price
- 12:51of gold and silver. Right now, we're about right
- 12:54here. But what blew?
- 12:55My. Mind last night what I realized
- 12:58and I've not heard anybody else talk about.
- 13:00This so this. Is a basement.
- 13:02Dweller breaking. News is this right?
- 13:05If everybody's always so focused on interest rates, oh, the feds
- 13:09got to cut rates. The feds got to cut rates for
- 13:11gold and silver to do well. Well, if if interest rates are
- 13:15only a 3 1/2 percent, how far can the Fed really cut rates,
- 13:19right? We've heard Trump say to. 1%,
- 13:21whatever. And yeah, that would be good for
- 13:23gold and silver. No doubt.
- 13:25But there's only one or 2% that they can cut rates, whereas over
- 13:30here, that other way that that gap can exist, inflation is
- 13:34unlimited. It can go up to 6%, it can go up
- 13:38to you. I'm sorry, you can't see I'll
- 13:40get down here. It can go up to 12%.
- 13:43It could go up as high as 25%. For all we know, OK.
- 13:49That, but to me was like, I thought, wow, I'd never thought
- 13:52about that. Everybody's so laser focused on
- 13:55interest rates. Getting cut.
- 13:57By 1/4 percent, Whatever, No. What would be even better for
- 14:01the gold and silver price and I? Don't want hyperinflation?
- 14:04I don't want to have happened. What happened and what was that
- 14:072022? When food prices went up by. 15%
- 14:11but this side of the equation has unlimited upside.
- 14:15It's kind of like when you short a stock, right?
- 14:18You know there. There there's limited amount of
- 14:20gain that you can make, but if. You go.
- 14:22Long it can go up to anywhere that inflation rate can go
- 14:26higher. That's why inflation we don't
- 14:30have to worry about cutting interest rates.
- 14:33What's more important is the inflation rate.
- 14:36And I'm telling you, the smart people in the room know that
- 14:40here we're going to go. We'll look at what Rob Keens he
- 14:42he said it. And then a couple other pieces
- 14:44of data. That make this absolutely
- 14:47crystal. Clear.
- 14:48And to me, right look in the math.
- 14:51With what's going? On with the.
- 14:52Fiscal situation in the United States, that's what.
- 14:55We're going to have, we're going to have way, way, way higher
- 14:58inflation the Fed. Let me say one more time, hold
- 15:03on, let me get my cards. OK, the Fed the OK, here's the
- 15:11interest rate. Yeah, the Fed could actually
- 15:13raise. Interest rates, but if inflation
- 15:16goes up even more, which it will OK.
- 15:20It's going to be, it's going to be really good for the gold and
- 15:23silver price. Hey, before I forget, I want to
- 15:25say thank you to 1st Mining Gold.
- 15:27Very important for sponsoring Ron's basement.
- 15:29I'm here and I'm able to do this because of the support of the
- 15:33sponsors. I've owned stock in First Mining
- 15:36Gold long before they sponsored my channel.
- 15:39Their development stage. Gold mining company with two big
- 15:42projects in Canada, Great Jurisdiction, Spring pull in
- 15:47Ontario, Duparque located in Quebec.
- 15:51You can learn more about them at firstmininggold.com and guys
- 15:54there. Just aren't a.
- 15:55Lot of big, massive multi million ounce development stage
- 16:00projects in Canada and the big mining companies are going to be
- 16:04out looking, right? They're going to need to
- 16:06replenish their pipelines and 1st mining gold is sitting in a
- 16:10very, very good situation. That being said, no matter what
- 16:13I talk about, please always do your own research.
- 16:16I'm not a financial advisor, but I will share with you what my
- 16:20thoughts are on the matter. And.
- 16:22Just to point out as well, the bears available, I want to say
- 16:25thank you to Brixton Metals for sponsoring.
- 16:27We did a one month a sponsorship.
- 16:30They're great company. Excuse me, another stock that I
- 16:33own, they're Canadian metals exploration company, but the
- 16:38bears available. So if you've got a mining
- 16:41company that you're invested in, I know a lot of the CE OS watch
- 16:44Ron's Basement. I don't charge the viewers for
- 16:48anything. We, Susie and I support our
- 16:50family based off the sponsorships and the money that
- 16:53we make from the channel. But a great way for mining
- 16:57companies, any company, to get great exposure with an
- 17:00incredible audience, the basement dwellers.
- 17:02You can reach out to me at ronsbasementsilver@gmail.com.
- 17:07Enough of that, let's move on. See what Rob Kentz has to say
- 17:11about inflation. He's one of the smartest guys
- 17:14out there, he says. Gold is falling because open.
- 17:19Interest on the Comex is low. Buyers are staying away.
- 17:23The market is high risk. Only smart bidders are.
- 17:25Active in futures. When the full effects of
- 17:29inflation caused by the Hormuz closure and oil shortages are
- 17:34felt, this will reverse. Gold is building a quiet base
- 17:43and will explode when the market.
- 17:46Understands how inflation. Will explode.
- 17:50Thank you, Rob. I agree with you 150%.
- 17:54Everybody's so focused on the Fed, right?
- 17:57This guy. Who, I guess is staying at the
- 17:59Fed. He's still.
- 18:00There for now. Oh, when's he going to cut
- 18:02rates? He doesn't.
- 18:03Matter, remember. He's in a box.
- 18:06Recession, inflation, stagflation.
- 18:09What matters is inflation. Right inflation.
- 18:13Will will overtake any moves? At this point that the Fed can
- 18:19make. All right, let's move on to the
- 18:20next one. This from the Kobesi letter
- 18:26talking about the Fed. Very interesting summary of the
- 18:30Fed decision. the Fed #1 Fedley's rates unchanged for
- 18:33third straight meeting. 24 FED members dissented 3 Three Fed
- 18:38members did not support the inclusion of an.
- 18:42Easing bias? Oh.
- 18:43My gosh, right, They're not going to raise rates like we
- 18:46just talked about #4 the Fed says the Middle East
- 18:50developments are contributing to quote high level of uncertainty
- 18:55#5 the Fed specifically notes concern over.
- 18:59Increase in energy. Prices, inflation #6.
- 19:05The Fed replaces somewhat. Elevated with is elevated in
- 19:12reference to inflation. the Fed appears to be bracing for more
- 19:20inflation now. The Kobesi letter.
- 19:22Oh, they're not. They're not anybody.
- 19:24No, they've only got almost 2 million people who follow them
- 19:29on the X platform. More, more, more.
- 19:33Proof. OK, Charlie Bellolo. the Fed
- 19:38expanded their money supply by nearly 9 trillion under Powell.
- 19:42Inflation has averaged over 4% per year over the past six
- 19:47years. Powell's explanation?
- 19:53It was nearly all due to rolling supply shocks over which the Fed
- 19:57has no control. The truth.
- 20:00This. Inflation was made in
- 20:02Washington, as it always is, from too much government
- 20:06borrowing and spending and too much government creation of
- 20:11money. And the cherry on top, right,
- 20:15guys? This was well hold on a second
- 20:17breaking from bar chart breaking.
- 20:20U.S. Debt.
- 20:22The United States of America debt now.
- 20:24Exceeds 100. Percent of GDP for the first
- 20:29time since World War 2, so since.
- 20:33World War 2. OK, post depression for the
- 20:36first time ever our national debt is now higher than our GDP.
- 20:41Upstairs, Susie and I have been watching CNN.
- 20:44It's on at 9 central this like. Round table discussion and they
- 20:49actually. Pulled up the US debt clock last
- 20:52Night Live on CNN when they were talking about this as well.
- 20:57Guys, the money. Printing.
- 20:58Is out of control. The inflation.
- 21:01Is going, is coming, be prepared, OK and the inflation?
- 21:05Is the new. Driver in the world of precious
- 21:09metals, period. Interest rates, the feds been
- 21:12neutered. We talked about that 3-4 months
- 21:14ago. That the.
- 21:15Fed has essentially been neutered.
- 21:18They can't raise. Interest rates, remember, OK.
- 21:22Remember, as inflation right goes higher.
- 21:27And higher and. Higher.
- 21:29In real interest rates become more and more negative.
- 21:33The Fed. Can't raise interest rates, OK.
- 21:36They can't do what they did, what Volcker did in the 70s
- 21:39because of the National. Debt like we just looked at.
- 21:43We can, we can not, we cannot even afford to pay the interest
- 21:48that we're paying now. On the national debt we've got.
- 21:50What a $2 trillion deficit. Going on.
- 21:54I don't know. To me it's.
- 21:55Crystal clear I could. Be wrong, remember, always be
- 21:58responsible, always do your own research, all that great stuff.
- 22:03But to me right the value. Let me ask you a question here.
- 22:07I've got I got 2. I got two things I want to show
- 22:09you. This is beautiful.
- 22:14That's the. One ounce The backside of the
- 22:16one ounce Buffalo round from First Met.
- 22:20Would you rather have this? All right.
- 22:22Paper or this real metal, and it's hard to believe that this
- 22:29and this were equal. What I don't know. 50 years ago.
- 22:33Right now. It takes what, 7576 of these?
- 22:38To get one of these. Think about what's.
- 22:40Happening do some basic math do your own research dig in for
- 22:44yourself it's OK if you don't agree with me but when I look at
- 22:49it there's no question silver and gold are going to do very
- 22:52well as we go out into the future I also want to say thank
- 22:55you to channels the channel sponsor dirty man safe guys
- 22:59right you can store your valuables in the ground you bury
- 23:03these in the ground you can learn about them at
- 23:05dirtymansafe.com and there is a. Discount code special.
- 23:09Show for us. See it there?
- 23:11Ron 10 OK and don't forget with first Mint, there's also a
- 23:16discount code that you can use VIP like very important person
- 23:21RB like Ron's basement VIPRB get a little discount on your
- 23:27physical silver as well. Hey guys, thanks for coming down
- 23:30here. Thanks for being part of this
- 23:32incredible community of basement dwellers on behalf of myself.
- 23:36And upstairs Susie, you know, let's check in with upstairs
- 23:39Susie. There she is.
- 23:41That's our lovely assistant upstairs Susie, are you there
- 23:44over? I am.
- 23:47Did I forget anything today? Over.
- 23:49Yeah, I think you did great. You got 144 thumbs up.
- 23:53So thank you everyone for smacking the light and for
- 23:58tuning in today and have a wonderful weekend.
- 24:02All right guys, Hey, in the comments section, say thank you
- 24:05to upstairs. Susie, reach out to your screen,
- 24:07give her a. High 5.
- 24:08High 5. High 5.
- 24:10From good old upstairs, Susie, take care of yourselves, OK?
- 24:14Thank you so much again from Susie and myself and we'll see
- 24:18you and yes. We see you.
- 24:20Yeah, we'll see you next time. Bye.
- 24:22Bye.