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🔥WARNING🔥 Friday CAN BE Huge for Silver Price and Gold! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Basement, welcome to a special live stream video event.
• 0:04
  We could get some news on Friday.
• 0:06
  They could result in big, big moves in the silver price and
• 0:10
  gold price. And I owe you an apology,
• 0:12
  basement dwellers. I forgot to mention it this
• 0:15
  morning, but on Friday we're going to get the jobs number and
• 0:19
  that could we could be set up just perfect for a big move in
• 0:24
  the precious metals. I want you to be prepared.
• 0:27
  Now, I'll be honest with you. I'm being optimistic when I look
• 0:31
  at all the factors involved and we're going to talk about them
• 0:34
  in this brief video. I believe the odds are in our
• 0:38
  favor for a big move up on Friday.
• 0:42
  Now, we've talked about this exhaustively over the summer.
• 0:46
  We are trudging through the summer doldrums and the silver
• 0:49
  market and the gold market were strong soldiers, right?
• 0:53
  One day at a time, waiting for the fall.
• 0:56
  But I'm telling you as I'm thinking about this, as I'm
• 0:59
  analyzing what could and I'll emphasize could happen on
• 1:03
  Friday, we could be in for a big, big move.
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  Let's go straight out here, dig into this and and before we get
• 1:11
  off, we're going to talk about crazy news, crazy things
• 1:15
  happening right now in the bond market and the Japanese yen to
• 1:20
  dollar market. That could also be spelling
• 1:23
  like, I don't know, financial crisis, OK, which we know what
• 1:28
  that'll do for silver and gold, but let's talk about Friday 1st,
• 1:31
  then we'll talk about the Japanese yen.
• 1:33
  OK, let's go. I want to take you out to this
• 1:40
  is from Yahoo Finance coming into focus this week.
• 1:44
  OK, guys, is the June jobs report due on Friday?
• 1:49
  I thought they were going to wait till next week.
• 1:51
  That's going to be watched for signs of a of cooling in the
• 1:55
  labor market that could help make a case for interest rate
• 2:00
  cuts. So if we get a number on Friday
• 2:03
  and we're going to go out and look at the economic calendar
• 2:06
  and see what the expectation is. And we know this is all short
• 2:10
  term noise, but if we're going to have any kind of move, any
• 2:13
  kind of catalyst this summer, I'm going to tell you it's going
• 2:17
  to happen this Friday and it could start early, right?
• 2:20
  This what? And things are happening faster
• 2:22
  now. So, you know, the more I think
• 2:24
  about this, the more optimistic I am for Friday.
• 2:27
  I'm going to go out on a limb and say that Friday is going to
• 2:29
  be a big, big update for silver and gold.
• 2:33
  Now, you know, my track record as of late has been pretty darn
• 2:36
  accurate, but please don't make any financial decisions based on
• 2:41
  what I'm saying. But guys, if we get a a low job
• 2:46
  number on Friday, that's gonna make the whole market.
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  And again, it's all short term noise.
• 2:51
  They're gonna think, oh, the Fed's gonna cut rates.
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  The Fed's gonna cut rates because the next sentence states
• 2:56
  encouraging signs that inflation is slowing toward the Federal
• 3:01
  Reserve's target. Plus emerging cracks in the
• 3:05
  economy have spurred hopes for a policy pivot.
• 3:10
  So we have cracks in the economy.
• 3:12
  We talk about that ad nauseam. OK, the PMI number came out this
• 3:16
  morning, which was another big crack, right?
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  Why do I laugh when I say crack? I don't know.
• 3:22
  Also other the, the, the inflation numbers that came out
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  last week, a lot of people thought were showing that
• 3:29
  inflation was coming down. If we get this is the deal,
• 3:33
  guys, if we get a low job number on Friday, and again, we're
• 3:37
  going to go out and take a look at the economic calendar here in
• 3:40
  just one second to see what the expectations are.
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  But if we get a number that comes in under expectations, we
• 3:46
  can't. We can't take anything for
• 3:49
  granted with these guys, though. The Bureau of Labor and
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  Statistics, which on Wall Street, we're not calling it
• 3:55
  that, but a lot of people on Wall Street do call it the
• 3:58
  Bureau of Lies and Statistics. But at some point, they're going
• 4:03
  to have to face the reality that the economy is just not
• 4:06
  producing that many jobs. And I'll just briefly say, you
• 4:11
  probably already know this, But then every month they always
• 4:14
  then revise downward the previous two months.
• 4:17
  I think last month was like a crazy beat.
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  So, you know, maybe it'll be a crazy beat.
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  Maybe I'll be dead wrong, but I just have a feeling I got a
• 4:25
  sneaking suspicion that we might get a bad number on Friday.
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  US manufacturing activity data released today on Monday showed
• 4:33
  the Institute for Supply Management PMI index fell
• 4:37
  further into contraction territory in June, hitting a
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  four month low. So let's go look at the economic
• 4:45
  calendar 1st. This is the Fendiz economic
• 4:49
  calendar for the week. OK, that was this morning ISM
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  manufacturing data. That's a red.
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  That's a red exclamation point. That means that it is important.
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  The red exclamation points are important.
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  That showed that the the economy slowing, OK, it was expected to
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  come in at 49.1%. It came in under expectations at
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  48.5%. All the slowing economy sign
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  guys, all that means and it is a bunch of BS, but we got to pay
• 5:18
  attention here again temporarily because the gold and silver
• 5:22
  price are are searching for a catalyst.
• 5:25
  So it's paying attention to the economic data which then feeds
• 5:29
  into what the Fed will do. And when this economic data
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  comes in bad, poor, lower than expected, like the PMI number,
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  like the potential job numbers Friday, that means that the Fed
• 5:42
  has a lot more leeway to lower rates, which a lot of people
• 5:45
  think will be in September. I didn't look today, but as of
• 5:48
  Friday, the odds of a rate cut in September were about 68%,
• 5:52
  which will make gold and silver fly, fly, fly away.
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  Again, it's all temporary noise, but we got to play their game
• 6:00
  here for a little bit. Let's go down to Friday and look
• 6:04
  at the, there's some other red marks, FOMC minutes, whatever.
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  Thursday is the 4th of July here in the United States.
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  So there will be no economic releases.
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  But on Friday at 8:30 AM Eastern Time, we will get this number.
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  This is the biggest number of the year for silver and gold
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  investors, OK? The biggest number of the
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  second-half of the year, non farm payrolls, red exclamation
• 6:33
  point expected to be 185,000. Last month, the economy
• 6:39
  supposedly miraculously created 272,000 jobs.
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  Guys, I got a feeling, I got a feeling that we're going to be
• 6:48
  in for a good, good big day in the silver price and gold price
• 6:53
  on Friday. Because that jobs number, they
• 6:56
  can only screw with it for so long.
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  Now, nothing would shock me or you, right?
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  We've been down this road before, but be prepared for a
• 7:04
  big move Friday, and maybe it's a move to the downside.
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  Maybe I could be dead wrong, but my money, if I were to put any
• 7:10
  money on it, would be that we're going to have a big up move.
• 7:13
  It could be the start, the end, the silver and gold price.
• 7:16
  Have we spent enough time consolidating?
• 7:20
  In gold, around $2300 per oz. In silver, around $29.00 per oz.
• 7:26
  Let's run out and get an update. Take your blood pressure
• 7:29
  medicine, basement dwellers. We're going to check on the
• 7:31
  silver and gold price. We're going to go to Pinbex and
• 7:35
  a gold's up $0.21 at basically $2330 per oz.
• 7:41
  Silver's up a little bit, about half a percent, $29.32.
• 7:45
  Don't forget this live stream videos made possible by the
• 7:48
  support of our sponsor Pinbex Pi MB EX.
• 7:54
  If you want to buy gold, silver, platinum, group metals, if you
• 7:56
  want to get the best price, if you want to have great selection
• 7:59
  and a company you can trust, investigate Pinbex.
• 8:02
  OK, I'll never tell you what to do, but throw them into the mix.
• 8:06
  Next time you're looking to buy some silver, gold or platinum,
• 8:09
  let's go out here quickly and look at the ISM.
• 8:12
  Hi everybody, thank you. Wow flash live stream.
• 8:15
  We got almost 200 people, man. More and more people are tuning
• 8:19
  into the basement and I am, no, I'm not going to let you do that
• 8:23
  here from FX St. this is today's number USISM manufacturing,
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  manufacturing is declining, right?
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  48.5 was the reading versus A 49.1 ISM manufacturing PMI
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  declined slightly in June. So this is all pointing.
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  What's important here guys is this is all pointing.
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  There's three, there's three components we need to talk
• 8:48
  about, right? The economic data slowing down,
• 8:52
  OK, the inflation data picking or slowing down, right?
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  Inflation coming in lower than expected.
• 9:01
  So economic data, the general economic data like the ISM is
• 9:05
  showing cracks in the economy. Inflation is slowing down.
• 9:09
  OK, No wonder, right? Because who has money?
• 9:14
  You know, people, the Americans are, are kind of sorted out of
• 9:16
  money right now. At some point people would just
• 9:19
  stop buying stuff. And we're seeing that
• 9:21
  everywhere. We're seeing like the swimming
• 9:23
  pool store. They just reported to us last
• 9:26
  week that people aren't spending like they're spending money on
• 9:29
  things they have to spend money on.
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  But it like, let's say they want to buy new furniture for around
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  their pool. No, they're not buying that,
• 9:37
  right? Because they got to go buy a, a
• 9:39
  $25 lunch meal for their kid at McDonald's.
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  Nobody the money. There's only so much money out
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  there. And so the discretionary stuff
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  is going into the toilet. Restaurants are closing right
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  and left. So the economic data down, OK,
• 9:54
  inflation, all these are good. All these, all these mean that
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  the Fed is going to have to cut rates inflation down.
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  Friday is the big kahuna. Be prepared.
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  The jobs number, if that comes in lower than expected, maybe
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  we'll have a shock, right? We could it seems like it seems
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  like we get shocks all the time in that number.
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  Maybe it'll be shockingly low. If those three things are lining
• 10:20
  up, the market is going to realize that the brakes are on
• 10:24
  the economy, right? It's like a train takes a while,
• 10:27
  like a cruise ship. But the the Fed is going to have
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  to cut rates. Now let's talk about the other
• 10:32
  major story going on right now because this does matter.
• 10:36
  It matters big time, guys, interest rates.
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  We're gonna go out and get an up-to-the-minute reading here on
• 10:43
  what's going on. This is at Yahoo Finance.
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  This is the 10 year bond yield, which is what everybody follows.
• 10:50
  It has been skyrocketing. I want to point something out to
• 10:53
  you. Just one week ago, this rate was
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  what, at 4.25? Basically we've had a quarter
• 11:02
  point interest rate rise in the 10 year bond yield over the last
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  five days. That is massive.
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  That is absolutely huge. I wanna make sure I've got you
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  on the screen, which I do that. How do I put it slightly That is
• 11:21
  that contracts the economy, that makes borrowing costs go up and
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  up and up. This is a big deal.
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  But what's wild, what's wild is what's going on at the same time
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  right here. And let's update this.
• 11:36
  This is the US dollar to Japanese yen.
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  Oh my gosh, now this is absolutely crazy.
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  OK, I was going to say, if it dropped that low, look at the
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  this is the Japanese yen one day, right?
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  It really spiked earlier today, got as high as 161.
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  Wow, 16152. But let's look at 5 days.
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  The yen is just crashing and it's not pulling that up for me.
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  Let's see this here's three months on the Japanese yen.
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  OK went from 1:50 to all the way in.
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  For a currency to move this much is massive, OK, People are
• 12:16
  talking about the financial pundits are talking about a
• 12:19
  crash in the Japanese yen. Why is that important?
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  Why is that impacting the 10 year bond yield?
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  A lot of people thinks it's because it's because the
• 12:28
  Japanese banks are in big trouble.
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  We had the one no Machuky or whatever it's called last week
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  announced they had to sell $63 billion of U.S.
• 12:38
  Treasuries just to just to stay afloat, just to meet their
• 12:43
  liquidity needs. So that then is pushing up all
• 12:47
  this stuff is interconnected. That's pushing up the 10 year
• 12:50
  bond yield that makes borrowing money because people, we go back
• 12:53
  to this over and over. People don't want to buy, hold
• 12:56
  or buy the US debt. The rates have to go higher,
• 13:00
  right? That's gonna make the economy
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  crash. What's gonna wind up happening
• 13:03
  in all this is the Fed is going to have to print money.
• 13:07
  Yes, this guy. Hold on, let's get him out.
• 13:10
  Boy, he's been coming out of late a lot lately.
• 13:13
  This guy, you ready for your daily your daily visit from
• 13:17
  Jerome. This guy is going to have to
• 13:20
  print money right? This stuff and this is Unicorn
• 13:27
  tut tut, Unicorn fart dust, right?
• 13:30
  Magic money, funny money, Fiat money, whatever you want to call
• 13:35
  it to buy the debt because nobody's going to want it.
• 13:37
  The Japanese are dumping it. Everybody's dumping it.
• 13:40
  The rates are going to. It's called yield curve control.
• 13:42
  And it's crazy because if you think about it, that's exactly
• 13:47
  why Japan is in the situation they're in right now.
• 13:51
  They're like the United States on steroids.
• 13:54
  But then we're going to have to wind up doing the same thing,
• 13:57
  right 'cause we made the same poor decisions.
• 13:59
  Kind of ironic, right? That's what the Japanese central
• 14:02
  bank does. Prince Unicorn fart yen and buys
• 14:07
  their own debt, you know, and that's what the United States is
• 14:10
  going to have to do. But what does that do to the the
• 14:13
  value of the currencies right now?
• 14:15
  It's like, oh, the yen's crashing.
• 14:16
  The yen's. Well, that's, it's like
• 14:18
  comparing couple of turds in a toilet.
• 14:20
  Sorry, I'm crude just the way I am.
• 14:22
  That's as crude as I'll get though, I promise you.
• 14:24
  But that's the best, that's the best analogy, right?
• 14:28
  Comparing the yen and the dollar, right?
• 14:31
  The dollar's not far behind because look at this, look at
• 14:34
  this, it's time. Gosh, I think I may have shown
• 14:36
  this already today, but we're going to show it again.
• 14:39
  This is what happens right to the value of real assets.
• 14:42
  There's the 30 year silver price history in Japanese yen per oz,
• 14:48
  right? Skyrocket.
• 14:49
  Do you see it? And you can't see my finger on
• 14:53
  the screen, but on the right side of the screen, right?
• 14:56
  Look how I mean look at that's the silver price.
• 14:58
  That's the 2011 high. That's when silver hit $50.00 in
• 15:02
  the United States. Look how much higher it has gone
• 15:04
  in Japanese yen because they're doing the same thing we're
• 15:07
  doing. And now, I mean, it's getting
• 15:10
  crazy like the big financial pundits are talking about it,
• 15:15
  about this massive crash in the Japanese yen.
• 15:19
  Wahi. Coin chop Chris.
• 15:21
  Good to see you guys. Don't forget coin chop Chris has
• 15:24
  his own channel. Coin chop Chris, put it in the
• 15:26
  search bar. Check it out.
• 15:27
  OK, John Colombo, it was like that in Germany three months
• 15:31
  ago, stating it's in a depression.
• 15:34
  Well, they say that a lot of Europe is actually in a
• 15:38
  depressed state now economically.
• 15:41
  That's a big difference, Ron. Yeah, it's a massive.
• 15:45
  If you're referring to the if you're referring to the change
• 15:50
  in the interest rates, the 10 year, that's a big deal.
• 15:53
  OK, Say, oh, it's only a quarter percent for the 10 year bond to
• 15:57
  move that much is a big deal. The amount that the Japanese yen
• 16:01
  has moved is a big deal. Oh, the final thing I want to
• 16:04
  talk about and that this is not a political show.
• 16:08
  You, you. And by the way, thank you for
• 16:11
  being here, OK? This is not possible without
• 16:15
  you, right? You are the apple of your mom's
• 16:18
  eye. That's one thing we have in
• 16:19
  common. We all have moms, right?
• 16:21
  But you're an important part of the basement as well.
• 16:23
  You're a basement dweller. When you come down here, you
• 16:26
  have friends. When you come down here.
• 16:28
  You're always welcome. I really hope that you feel like
• 16:31
  you found a little home away from home, a little refuge from
• 16:34
  the storm as we navigate these choppy waters of gold and
• 16:38
  silver. And we do it together, OK?
• 16:41
  Please give this video a thumbs up.
• 16:43
  That will help get the word out to more people.
• 16:46
  And I'm going to ask you to please subscribe to my channel.
• 16:49
  I don't do that as much as I used to, but it is important.
• 16:52
  I want you to be able to get updates when new content comes
• 16:56
  out. Now Basement dwellers and and,
• 16:59
  and, and men and women of the basement.
• 17:03
  This is not political, I promise you.
• 17:05
  However, now we are getting news that wrong screen.
• 17:12
  OK, here we go close. It looks like Joe Biden is not
• 17:19
  going to drop out of the presidential race.
• 17:21
  And I just think that that that that this situation as we move
• 17:27
  into the next five months, I'm not going to cast any judgement.
• 17:31
  I'm not. But people are saying now that
• 17:32
  his wife really enjoys being first lady and that she doesn't
• 17:37
  want him to drop out. We know that his son has great
• 17:42
  judgement, right? That his son is is also urging
• 17:47
  him not to drop out. It's a very, I mean, it's just
• 17:51
  almost an unbelievable situation politically.
• 17:56
  What is going on in the I mean, it's like if you, if we had
• 18:00
  talked 10 years ago, you and I, and I'd explained to you what
• 18:04
  the political situation alone would be right now, would you
• 18:07
  believe me? Would you believe me?
• 18:11
  I mean, on so many levels, right you.
• 18:15
  It's just almost, it's almost too crazy to believe.
• 18:19
  So be ready right now. Look, I think Friday could be a
• 18:24
  very, very big, big, big day for the precious metals.
• 18:29
  I think that the these these data points that get released
• 18:33
  depending on kind of the, the way that the different factors
• 18:38
  are aligned can have different levels of impact on the silver
• 18:42
  and gold price. I think that this Friday, this
• 18:46
  employment number, it's almost like a an asymmetric
• 18:49
  opportunity, meaning that, you know, if the employment, if the
• 18:53
  jobs number comes in unbelievably great, I don't
• 18:56
  think they're going to be able to knock down gold and silver
• 19:00
  nearly as much as the opportunity is for them to go
• 19:03
  up. If we get a jobs number, which
• 19:06
  is a quote UN quote disappointment.
• 19:09
  Now the I mean, and who knows? I mean, like last last month,
• 19:13
  the jobs number surprised to the upside by, I don't know, 150,000
• 19:18
  jobs or something. It's crazy, right?
• 19:20
  And of course will, will, they'll revise those numbers
• 19:23
  this month. They'll say, you know, that
• 19:25
  number last month that was we said was unbelievably great.
• 19:28
  Well, we kind of made a mistake. It was actually overstated by
• 19:32
  like 50,000 jobs none the less at some point.
• 19:36
  And man, we've not for those of you that follow it closely like
• 19:40
  I do, we've not had a good strong day in the gold price and
• 19:45
  silver price on the on the jobs number jobs release day.
• 19:49
  And that's a big, big day that we get on a monthly basis.
• 19:52
  So we'll be paying attention on Friday.
• 19:54
  I could see right, I talked about again, you know, I don't
• 19:58
  want to go too far on a limb, but I could see like a A4 or 5%
• 20:02
  move day in the silver price, gold maybe 2%.
• 20:06
  You know what, whatever it could, it could be the catalyst
• 20:10
  if we are going to have a rally this summer.
• 20:14
  I would think that this Friday is very likely the day of any
• 20:19
  that we could have in the next 5-6 weeks that could, that could
• 20:22
  really, really kick things off. Hey, thank you for joining me.
• 20:25
  Have a great day. I just wanted to hop on and
• 20:27
  share those two breaking news storming the Japanese yen, the
• 20:31
  10 year bond yield, that is a big deal, right?
• 20:35
  Interest rates got raised by 1/4 point.
• 20:39
  Essentially the market raised interest rates by 1/4 point over
• 20:43
  the last almost a week alone if you're judging by the 10 year
• 20:46
  bond yield. The Japanese yen is crashing the
• 20:50
  Japanese banks. You know the Japanese economy, I
• 20:53
  forget where it ranks, but it's in the top seven in the world.
• 20:57
  It's a big deal. If they have a big issue that
• 20:59
  comes through, it could affect the United States, right?
• 21:04
  It could affect our financial system as well.
• 21:06
  So we're going to keep a close eye on that.
• 21:09
  At bare minimum, we can use those Japanese as a great
• 21:12
  example of what we can expect coming down the road, right,
• 21:16
  With yield curve control, with the, with the central bank
• 21:20
  printing money out of thin air to buy their own sovereign
• 21:24
  country's debt. The chart that I've shown you ad
• 21:27
  nauseam that shows silver alone just in the last, what, 5 to 10
• 21:32
  years as the price of silver and gold for that mail have
• 21:35
  skyrocketed in Japan. That's what we have to look
• 21:39
  forward to. Have a great day.
• 21:40
  Thanks for being here. All right and I'll see you.