Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 BIG WARNING for SILVER 🚨 ESTABLISHING the Gold and Silver Price

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🚨 BIG WARNING for SILVER 🚨 ESTABLISHING the Gold and Silver Price · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  The sky is falling, the silver rally is over.
• 0:05
  It's the end of the rally for silver.
• 0:07
  Are you hearing a few people say that?
• 0:09
  I say no. However, there is a warning, a
• 0:13
  big caution that we need to pay attention to.
• 0:15
  But also, my friends, basement dwellers, there's also big, big
• 0:20
  reasons why we can continue to be optimistic about silver as we
• 0:25
  head into the second-half of the year.
• 0:27
  I think that we can be more optimistic than ever, but first
• 0:31
  we'll talk about the big warning.
• 0:32
  But first, we'll have a little fun and check this out.
• 0:35
  I thought this was a great little graphic video that I want
• 0:38
  to share with you from Solve Nettug and take a look at this.
• 0:46
  I think this sums it up nicely. Hold on, I'll put it up full
• 0:49
  screen for you. My fellow silver fanatics got
• 0:56
  silver silver plain. OK, And what does he mean by
• 1:04
  that? What does he mean by that?
• 1:07
  What he means silver got some years of catching up.
• 1:10
  Catch up to do. Quite simply, what they're
• 1:13
  saying is that the silver price is not kept up with the gold
• 1:16
  price. A quick review, we're talking
• 1:18
  about the gold to silver ratio, the number of Oz of silver that
• 1:22
  it would take you to buy one ounce of gold.
• 1:24
  I remember like a year ago, we sat down here and talked about
• 1:27
  how crazy it was that it would take, what, four of these to buy
• 1:32
  one ounce of gold. That number got to almost five
• 1:36
  of these. There's 20 American Silver
• 1:38
  eagles inside there that would take, you know, 80 to 100 ounces
• 1:43
  of silver to get one ounce of gold.
• 1:45
  Now it got to 100. It's now back to 90 to one.
• 1:49
  That is still historically high. We're not going to do a deep
• 1:51
  dive into the gold to silver ratio, but, you know, it's not
• 1:55
  out of question that that could go as low as 5060 ounces of
• 2:00
  silver historically. I think it gets mined out of the
• 2:03
  ground at what, 7 to 1, right? How can the how can silver be
• 2:07
  mined at a 7 to 1 ratio but the price be closer to 100 to 1 or
• 2:12
  90 to one ratio? Does that make any sense?
• 2:15
  And a lot of that silver, half of it now that gets dug up out
• 2:18
  of the ground or more gets consumed by, yeah, solar panels,
• 2:22
  electronics, all that crazy stuff.
• 2:24
  You know, the whole story. Anyway, silver does have
• 2:27
  catching up to do. But what about this big warning,
• 2:31
  right? I mean, you know, look, nothing
• 2:33
  goes straight up including the price of silver.
• 2:36
  We have been on an epic run, but we do have a big caution area
• 2:41
  that we are approaching or could be approaching soon.
• 2:44
  Let's dig into that right now. But let's also talk about
• 2:47
  reasons why we can be so optimistic.
• 2:49
  Let's just go out here to one of our favorite charts.
• 2:54
  We got several favorite charts. I pre prepared this with a, what
• 2:58
  do you call that turquoise colored line on the screen guys?
• 3:02
  That line is hold on, let's get a different color so it shows up
• 3:07
  better. 35 Hold on, here we go 35 as I have circled here,
• 3:16
  dollars per oz. This is a one year chart as you
• 3:20
  can see of silver looks like silver's up 25% over the course
• 3:24
  of the year. But that $35 level as we had
• 3:27
  talked about ad nauseam is so critical because we've tried
• 3:31
  several times and I think even once prior to this to
• 3:35
  breakthrough it. This breakout that we had just a
• 3:38
  little while ago was the third attempt.
• 3:41
  OK, that would have been a triple top.
• 3:43
  This was a double top. That would have been a triple
• 3:45
  top, which is extremely statistically rare.
• 3:48
  However, however, let's take some of that off the screen
• 3:51
  here. What we need to be very
• 3:54
  concerned about right now is again, this $35 level, because
• 3:59
  if we break down here below it, that will not be a good thing
• 4:04
  for the price of silver. We are still rather, you know,
• 4:06
  in a healthy spot above it, $36.25.
• 4:09
  But you know how crazy the silver market can move.
• 4:14
  The good news is if we do indeed go down here, I don't even want
• 4:18
  to talk about $30 silver. But if we do right, then the
• 4:22
  fourth time that we breakthrough, we will be.
• 4:25
  It's almost statistically impossible based upon decades
• 4:30
  and Millennium of chart analysis that we would go back below $35
• 4:35
  again. So that's what we're that's what
• 4:37
  we're up against right now in the silver market.
• 4:40
  Now the other thing we need to remember, let's be optimistic
• 4:43
  guys. Let's look at a couple other
• 4:44
  charts that give us big reason for optimism.
• 4:49
  This is a long term chart of the silver price.
• 4:52
  And remember right, 19, eighty, $50, 2011, $50.00, that is
• 4:59
  called a cup. Do you see how it looks like a
• 5:01
  cup up and this is the handle? And right now we are right here
• 5:09
  at $36 per oz. If we break above that $50
• 5:14
  level, they're saying this is one of the longest, most
• 5:17
  beautiful cup and handle patterns in the history of the
• 5:19
  universe. On top of that, the longer
• 5:23
  period of time and we're talking about what 45 years that this
• 5:29
  has been building, that's one of the longest, most pure, most
• 5:33
  beautiful cup and handles that we've ever seen.
• 5:35
  The longer the period of time that it develops over the more
• 5:38
  reliable it is and the more powerful the breakout.
• 5:42
  So that's what gets us to $60.00 silver by April 1st of 2026, as
• 5:48
  I have stated as my prediction several times.
• 5:52
  And we're going to have a big party down here in April Fool's
• 5:55
  Day party. But let's now go to the next
• 5:57
  chart that gets even more interesting.
• 5:59
  This is from Tavi Costa a while, 257,000 followers.
• 6:04
  Wow, everybody knows Tavi, super smart guy down in Brazil.
• 6:08
  But take a look at this. This is interesting because this
• 6:12
  looks at the silver price on a quarterly basis, see where it
• 6:16
  says quarterly and we are almost at the end of the quarter, OK.
• 6:21
  So on a quarterly basis, the cup and handle is formed at this $37
• 6:27
  range. As I'm circling, hold on here,
• 6:31
  make sure we're still alive. Yeah, because I'm circling over
• 6:33
  here on the right, right there, $37.00.
• 6:36
  So these are the end of the quarter.
• 6:38
  So would it be March, June, September and December?
• 6:42
  That's where we landed. So this cup and handle goes from
• 6:45
  $37 to $37. If we are able to close out the
• 6:51
  quarter and we have what 11 days above that $37 on a quarterly
• 6:55
  basis, the cup and handle would have broken out.
• 6:58
  And we've seen unbelievable evidence that silver can break
• 7:02
  out. Because remember something very
• 7:04
  critical when you look at silver priced in Canadian dollars,
• 7:07
  Australian dollars, it is at all time highs.
• 7:10
  That's the exact same thing that we sat down here basement
• 7:14
  dwellers and talked about like a year and a half two years ago
• 7:18
  was happening in the gold market.
• 7:20
  We said look, gold's at all time highs and all these foreign
• 7:22
  currencies, the US dollar will be next.
• 7:25
  I believe that's the same thing. Do you believe that That'll be
• 7:28
  the same thing that happens for silver.
• 7:29
  I am a silver believer. I love silver, you know that.
• 7:33
  OK, Speaking of which, we're very lucky to have First Mint
• 7:37
  sponsoring our gold and silver content here in the basement.
• 7:40
  First Mint is a mint in Las Vegas, NV.
• 7:43
  They are owned by First Majestic Silver Keep, New Myers
• 7:47
  Juggernaut silver mining company.
• 7:49
  So with First Mint, it's a very unique proposition.
• 7:52
  They actually dig up the silver from their mines in Mexico, ship
• 7:57
  it directly to Las Vegas where it's made into made in the USA,
• 8:02
  made into world class silver bullion products and then it
• 8:06
  goes straight to you. Did you notice we missed
• 8:08
  something during that process? If you don't like the LBMA, the
• 8:12
  London Bullion Market Association, if you don't like
• 8:14
  the COMEX, Some people claim they've manipulated the price of
• 8:18
  silver over the years. When you buy silver from First
• 8:21
  Mint, it is free. It never gets touched.
• 8:24
  It goes from the mine to the mint to you.
• 8:28
  They've got a great selection. They're all unique products.
• 8:31
  This one here. I've been showing this, I need
• 8:33
  to switch this out, but this is the Dragon round.
• 8:36
  These are all unique to 1st Mint.
• 8:39
  Absolutely beautiful products. They also have a Buffalo round
• 8:44
  with an awesome American Indian image on the back.
• 8:47
  And then there's a few other products as well, including
• 8:51
  bars, 5 oz bars, kilo bars. Check them out first. mint.com.
• 8:57
  Hold on here. Let's see who doesn't like to
• 9:02
  look at that cup, quarterly cup and handle.
• 9:03
  But what we want to go to is First Mint's website,
• 9:07
  firstmint.com. They have a discount code for
• 9:10
  basement dwellers. VIPRB.
• 9:13
  OK, VIPRBVIP, Ron's basement. There's the Buffalo Round, and
• 9:20
  there's the Year of the Snake. That's the one.
• 9:22
  I said dragon. I apologize.
• 9:24
  These are unique to 1st Mint. And there.
• 9:28
  Oh, yeah, there's the Year of the Dragon.
• 9:29
  Hold on. I was right.
• 9:31
  There's the snake, there's their Buffalo round, there's their
• 9:35
  bars. OK, 5 oz, 10 oz and 1K bars.
• 9:39
  Check them out. Thank you First Men for
• 9:40
  sponsoring the basement. Thank you to Keith Newmeyer for
• 9:43
  everything he does in the precious metal sector.
• 9:46
  Where was I? Where was I?
• 9:47
  01 more chart. One more reason to be excited
• 9:52
  about silver in this one. Let's look at that one more
• 9:57
  time, guys. If we close about $37 in 11
• 10:00
  days, we will have broken out of the cup and handle on the
• 10:05
  quarterly silver chart. But that's not what we're here
• 10:07
  to look at right now. Nope.
• 10:09
  We are going to look at this one.
• 10:10
  And I want to give proper credit.
• 10:12
  This is from Still silver stocks.
• 10:14
  Great. Oh, boy.
• 10:38
  OK, Sorry, guys, I had the microphone muted, so we're going
• 10:41
  to go back. And thank you, Susie.
• 10:44
  Susie upstairs. Susie saved the day yet again.
• 10:48
  Wait a minute. Wait a minute, basement
• 10:51
  dwellers. Are you saying it's kind of nice
• 10:54
  when you don't hear me for a few seconds?
• 10:56
  I apologize for the technical difficulties.
• 10:59
  We're going to go back to this chart which shows in no
• 11:03
  uncertain terms over the last year we've had several periods
• 11:06
  right where the silver price has done very well during these
• 11:11
  eleven week spurts. We're about halfway through.
• 11:13
  See the rocket, right, see where it goes, $46, he says follow the
• 11:18
  green line. That would get us into breakout
• 11:22
  territory on the silver chart on a quarterly basis, a breakout of
• 11:28
  the cup and handle pattern. Why can I not not hold on here?
• 11:33
  There we go. OK.
• 11:35
  And that again was from silver stocks.
• 11:37
  Great. So what's going on now?
• 11:39
  I'm going to preach. Let's let's talk some more about
• 11:42
  what we have to look forward to. Excuse me, the microphone is on.
• 11:48
  And guys, think about this. The stock market wrong screen.
• 11:53
  Yes, think about this. Welcome to live streaming.
• 11:57
  You never know what's going to happen.
• 11:59
  The stock market is at all time highs.
• 12:01
  Bitcoin is at all time highs essentially.
• 12:04
  Gold is at all time highs. Silver will be next.
• 12:08
  OK, silver would have to be close to $150.00 per oz right
• 12:13
  now just to match its all time high that it had in 1980 when
• 12:18
  you adjust the 1980 high for inflation.
• 12:20
  And that's using the official government numbers.
• 12:23
  Who knows the real numbers probably closer to like 200 or
• 12:26
  $250, OK, Right now we've got a massive short position in the
• 12:32
  silver market. They're saying that this Friday.
• 12:35
  Now we'll see what happens this week, right?
• 12:37
  Because excuse me, they're smashing the silver price down.
• 12:42
  Mini smash, right? But nonetheless, we are still
• 12:46
  last week we were at the second highest short position ever in
• 12:49
  the silver market. Short positions get fixed one of
• 12:52
  two ways, right? Either they smash the price down
• 12:55
  so they can cover their shorts or there could be a silver
• 12:59
  squeeze. How do you like those apples?
• 13:02
  Silver squeeze, right? It could get super exciting in
• 13:05
  that regard. Next, we're going to talk about,
• 13:09
  well, let's just talk about now, silver.
• 13:11
  The silver price is like a beach ball underwater because of
• 13:14
  manipulation. We're going to talk about two
• 13:16
  ways that you can see the manipulation.
• 13:18
  But first, I do want to say thank you to 1st Mining Gold for
• 13:22
  sponsoring the gold and silver content here in the basement.
• 13:25
  They are a Canadian gold development stage company.
• 13:30
  They have two huge projects, millions of Oz of gold in the
• 13:34
  ground. It's been defined, drilled, all
• 13:36
  that great stuff. They have the Du Parquet project
• 13:38
  in Quebec, in the Spring Pole project in Ontario.
• 13:42
  Both of those projects are massive.
• 13:44
  The Spring Pole project is working its way through the
• 13:47
  permitting process and guess what?
• 13:50
  They've got another project 1/3 project, the Cameron project,
• 13:54
  also in Canada. That's about a million ounce of
• 13:57
  gold in the ground as well. I love these development stage
• 14:01
  gold and silver companies because it's like you're buying
• 14:04
  the metal, but it's in the ground, right?
• 14:06
  Probably the safest bolt that you could ever ask for in the
• 14:09
  value proposition is really incredible.
• 14:12
  So thank you First Mining Gold for sponsoring the gold and
• 14:16
  silver content. It's a stock that I've owned for
• 14:18
  years and years. You know, I'm not a financial
• 14:21
  advisor, whether we're talking about physical silver, gold or
• 14:24
  silver mining stocks, always talk to a financial advisor.
• 14:28
  But I do want to disclose to you that I do own First Mining Gold
• 14:31
  and like I said, I've done that for years now.
• 14:34
  How is silver manipulated? Two ways.
• 14:36
  OK, Part of it happens in the middle of the night.
• 14:39
  We had that happen a couple weeks ago.
• 14:41
  There will be massive dumps of silver when the volume in the
• 14:45
  markets is very, very low, right when people are sleeping.
• 14:49
  When you're sleepy, sleep, when you're all cuddled up right in
• 14:52
  your bed with your silver hat on, sleeping.
• 14:54
  The other way they're doing it is by spoofing.
• 14:57
  This has been proven. That's by putting fake orders,
• 15:00
  either fake buy orders or fake sell orders when they want to
• 15:03
  make the price go down. What they do is put a bunch of
• 15:08
  fake sell orders out into the market.
• 15:11
  That scares people who really want to sell into selling sooner
• 15:16
  because they think, Oh my gosh, look at all these people who are
• 15:18
  showing up to sell. It wouldn't be unlike this very
• 15:21
  easy way to understand it. If you own a home and you decide
• 15:25
  you want to move and you put your house on the market, OK,
• 15:28
  And you're the only house in the neighborhood on the market.
• 15:31
  So you're thinking, hey, I'm in pretty good shape, right?
• 15:33
  Trying to sell my house and then suddenly some guy wants to buy,
• 15:37
  push down the price of your house, the value of your house,
• 15:41
  right? Like they would want to do with
• 15:42
  silver. So in the middle of the night,
• 15:44
  he goes around and puts out a bunch of fake for sale signs on
• 15:47
  other houses in your neighborhood.
• 15:49
  And then your spouse calls you and says, Oh my gosh,
• 15:51
  everybody's selling, everybody's selling.
• 15:54
  You would be more inclined to take a lower price for your
• 15:56
  house. That's exactly what spoofing is.
• 15:58
  I hope that made sense, right? It's manipulation.
• 16:01
  It's been proven wrong. There's been people that have
• 16:03
  gone to jail over it and that's why silver is like a beach ball
• 16:08
  held underwater. The other interesting thing
• 16:11
  going on right now in the silver market, guys, is there is a huge
• 16:14
  disconnect between retail investment, in particular in the
• 16:19
  West and industrial purchasing. Retail investment is basically,
• 16:24
  let's say, weak, not potent, not very strong.
• 16:28
  OK, I know not us, right? We know.
• 16:30
  We know what's going on, but industrial purchasing of silver
• 16:35
  is still extremely strong. They're stockpiling silver right
• 16:40
  now. Now there's a big reason why we
• 16:42
  want to pay attention to this because guys, think about this
• 16:45
  when, when retail, it's, it's like the silver lining when
• 16:49
  retail investment does come back to even just average levels, OK,
• 16:55
  that will create an even bigger, it'll, it'll be a bigger impact
• 16:59
  than anything right now in the market.
• 17:01
  When people wake up, when your neighbors wake up, right?
• 17:05
  I told you the story. I have a neighborhood swimming
• 17:07
  pool. If I'm at the neighborhood
• 17:09
  swimming pool and somebody wants to talk to me, which does
• 17:12
  occasionally happen, but I don't feel like talking to them, all I
• 17:15
  got to do is start talking about silver or gold and they swim
• 17:18
  away. OK, When those people are all
• 17:20
  swimming up saying, Hey, Ron, tell us more about silver and
• 17:24
  gold, right? That's that's when we know that
• 17:27
  the retail, the true retail investor is back in the game
• 17:32
  will come. It's kind of sort of started to
• 17:34
  happen. You know, a lot of my neighbors
• 17:37
  who know that I'm into gold and silver that that that you know,
• 17:41
  I've talked to over the years now they're they they all seem
• 17:44
  to be getting more and more interested.
• 17:46
  We'll see if that trend continues.
• 17:48
  The other thing, the big sleeper right in this one, this one I
• 17:52
  think is a big reason why we can be optimistic again about silver
• 17:56
  into the future is jewelry. I in my gut know that silver
• 18:01
  jewelry is growing and the statistics show that.
• 18:04
  Also, I have a feeling that over the next five years, like for a
• 18:08
  while it was platinum, like this ring that is a symbol of my love
• 18:12
  for upstairs. Susie, my wife, right, is
• 18:15
  platinum back 20 years ago, platinum.
• 18:17
  Platinum was the big thing for jewelry then gold, right?
• 18:21
  Gold's always been probably gold is so expensive demand and
• 18:24
  silver, The latest data we saw, I didn't realize this, but
• 18:29
  silver jewelry even right now accounts for like 2025% of all
• 18:34
  the silver that's mined every year.
• 18:36
  If that continues upward and silver jewelry continues to gain
• 18:41
  favor, that could be that with the retail investors, guys,
• 18:45
  that's all we need, right? Because we know, right, The
• 18:48
  inventories of silver have been depleted because of the deficits
• 18:52
  that we've had over the last years.
• 18:53
  Let's talk about the Costco gold, right?
• 18:56
  Big article CN What does it mean when CNBC why is it a big deal
• 19:00
  when CNBC talks about gold and they talk about the Costco gold
• 19:05
  situation and here we go OK from CNBC.
• 19:12
  Yeah, see right there they all right.
• 19:14
  Gold is near an all time high. Here's how much a Costco bar
• 19:19
  right. Remember the Costco dads?
• 19:20
  Those are the people at the pool right that I was just talking
• 19:23
  about how much a Costco bar bought a year ago is worth
• 19:28
  today. This is interesting.
• 19:30
  I'm going to read this to you like 4 paragraphs.
• 19:32
  Costco's gold bars are worth a lot more than they were a year
• 19:34
  ago and demand is soaring. The bars have been a steady draw
• 19:38
  since Costco and selling them in 2023, and a sharp rise in Spot
• 19:43
  gold prices seems to have boosted their appeal.
• 19:46
  In May, the retailer Titan purchase restrictions, I think
• 19:50
  limiting it to two at a time, limiting oh, limiting members to
• 19:53
  1 transaction capped at a maximum of two bars per day.
• 19:56
  I was right. After all, As of Tuesday
• 19:59
  morning, gold traded around $3390.00 per oz, near a recent
• 20:03
  record high in roughly 45% higher than it was at the at
• 20:07
  this time last year. Historically, investors tend to
• 20:11
  flock to gold during periods of geopolitical instability,
• 20:15
  inflation, and concern over the strength of the US dollar.
• 20:18
  Here's how much more A1 oz bar purchased at Costco in June of
• 20:24
  last year would be worth today based on the listed purchase
• 20:29
  price and Tuesday's opening spot price.
• 20:31
  Purchase price in June of last year 2400 dollars Spot price
• 20:39
  three today 3390 unrealized gain almost $1000 Percentage increase
• 20:48
  40%. Wow.
• 20:50
  So that tells us a couple things that shows us in no uncertain
• 20:53
  terms. Did you just gone to Costco a
• 20:55
  year ago? Like I was telling you guys, I
• 20:57
  did all kinds of Costco videos. You could have made 1000 bucks
• 21:00
  on each ounce of gold. Honestly, I didn't do it myself,
• 21:03
  so don't beat yourself up too bad.
• 21:05
  But the other big key take away here is this is on CNG, NBC,
• 21:10
  this is mainstream media. You know, when they're not
• 21:13
  talking about whatever BS they talk about, what Jerome Powell,
• 21:17
  the Federal Reserve is doing now, they're talking about gold.
• 21:21
  I believe we're in for a very good run in the gold price and
• 21:24
  the silver price. Undoubtedly so many factors are
• 21:28
  at play. Silver, I believe even looks
• 21:30
  brighter and shinier right now. But guys, gold is high and is.
• 21:34
  And if gold can go, people are talking about $4000 gold.
• 21:38
  Big banks, JP Morgan, Bank of America, Goldman Sachs are
• 21:42
  saying $4000 gold. If that goes up, silver will
• 21:46
  follow. And if that gold to silver ratio
• 21:49
  comes back to a reasonable level, the silver price could be
• 21:52
  off to the moon. And you already know all the
• 21:55
  other factors that are making silver so appealing.
• 21:58
  I want to say thank you also to channel sponsor Ledger and Moon
• 22:02
  Pay for making these live stream possible.
• 22:04
  Ledger is the cryptocurrency hardware wallet security
• 22:09
  security leader and Moon Pay is the Fentech leader in the crypto
• 22:13
  world. Both great companies.
• 22:15
  Big honor to have them as sponsors.
• 22:17
  Big honor to have you here with me in the basement.
• 22:20
  Guys, be well, take care of yourself.
• 22:22
  Don't forget, please subscribe to the channel, give the video a
• 22:25
  thumbs up and I will see you soon.
• 22:28
  Thank you.