Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER STACKERS 🚨 ALERT! 🚨 -- THIS is Critical for GOLD & SILVER Price

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SILVER STACKERS 🚨 ALERT! 🚨 -- THIS is Critical for GOLD & SILVER Price · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  There's a lot of excitement brewing right now in the silver
• 0:04
  and gold markets. It feels like much different
• 0:07
  than what we experienced over the last six to seven weeks,
• 0:10
  which was a period where sentiment had gone really down
• 0:13
  the tubes. So as we look forward to what's
• 0:16
  going to happen here in the next few weeks, it could be a very
• 0:20
  pivotal time on a short term basis for the silver and gold
• 0:24
  price, although not critical because we're going to look at a
• 0:28
  number of factors today, astounding information, long
• 0:32
  term factors that show us that the gold and silver prices in my
• 0:36
  opinion, are heading much, much higher.
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  Oh, and coincidentally, that's also the opinion of several
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  other of the leading analysts that we are going to hear from
• 0:47
  today. Let's start by talking about
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  $200 silver. Our friend at North Star put
• 0:53
  this out and he lays out a scenario where we could get to
• 0:57
  $200 silver if stock markets continue to melt up and the DXY,
• 1:05
  the dollar index falls with the gold to silver ratio confirming
• 1:10
  its breakdown and the gold, this S&P 500 ratio holding.
• 1:16
  We have a recipe for this correction ending leading to
• 1:21
  $8000 gold and $200 plus plus per oz silver.
• 1:28
  And then he goes on to say that's ahead of a, of a
• 1:31
  potential pullback. But then the price of silver
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  even going much, much higher out like a decade from your numbers
• 1:40
  that are truly head spinning. And that aligns very well with
• 1:43
  David Hunter, the guy who's been on Wall Street for like 50 years
• 1:48
  and makes all these crazy accurate predictions.
• 1:51
  He's calling for silver to hit 180 dollars.
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  Then we're going to have a pullback in all the markets, but
• 1:59
  then a renewed period where the silver and gold price will just
• 2:02
  go up, up, up to the moon essentially.
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  It's going to get very interesting.
• 2:07
  Let's go see what Rashad's telling us.
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  Very short term, Rashad is optimistic.
• 2:13
  He put this out. Silver's breakout from a six
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  month triangle is in progress again.
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  Friday's weekly close for Silver in particular was so critical.
• 2:24
  He says a move the $9090.00 could materialize within a
• 2:30
  single week. And again, that's the
• 2:32
  candlestar, our Candlestick. I'm, I'm sorry, a weekly chart
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  where we definitely broke out on Friday.
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  I'll circle that and uncircle it so you can see that beautiful
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  breakout again. The coming weeks could get very,
• 2:46
  very, very interesting for the silver price.
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  And don't forget guys, these are candles, weekly candlesticks
• 2:54
  that show the opening and closing price for the week.
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  That's the body of the Candlestick.
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  The green candlesticks are weeks where the closing price was
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  higher than the opening price, and the red candlesticks are the
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  weeks where the opening price was lower than the closing price
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  for the week. So let's move on now to Jesse
• 3:17
  Colombo, another analyst who's pointing out some good prospects
• 3:22
  within the silver market. Jesse from the Bubble Bubble
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  Report says we have encouraging signs in silver.
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  Last week, he said. I wrote a piece counting down to
• 3:34
  silver's next major breakout in which I showed how a triangle
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  consolidation pattern had formed over the past few months and
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  explain that a breakout from it should kick off the next move,
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  the next phase of the bull market, taking silver to fresh
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  all time highs and into the high one hundreds.
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  Wow, is that starting to sound familiar. 2 hundred 180 from
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  David Hunter and now Jesse talking about the high one
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  hundreds. Thereafter, in the past couple
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  of trading sessions, silver has broken out of that pattern.
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  As you can see, Silver has clearly broken out above the
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  trend line connecting the late February and mid March peaks,
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  signaling an important bullish change in trend.
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  So his wedge pattern, triangle pattern looks a little different
• 4:24
  than some of the others. But again, as you can see right
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  where my cursor is and right where he has written in red, we
• 4:30
  got a breakout. But here's the important part.
• 4:34
  Now that Silver is broken above the trend line, I'm watching
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  three additional major hurdles, the $85 resistance zone, the
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  $100 resistance zone, and finally the $120.00 resistance
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  zone. Breakouts above horizontal
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  resistance levels and zones are more reliable than breakouts
• 4:56
  above diagonal resistance lines like the top top of the triangle
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  pattern. So I would like to see those
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  zones surpassed for added assurance.
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  OK. Then he goes on to say I would
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  like to see Silver close decisively above each of these
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  resistance zones and with each successive breakout, the odds of
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  the next powerful leg higher will increase significantly.
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  The final breakout above the 1:15 to 1:20 zone, which formed
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  at the late January peak, is the most important as it would
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  signal that silver has once again entered blue sky territory
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  and that the correction of the past few months is fully behind
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  it. So we've been we've been
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  consolidating here for what the last couple months, 8 weeks, 10
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  weeks now we're at this point this the coming week is going to
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  be pivotal. Is it critical long term?
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  Remember we always want to keep long term perspective 5-10 years
• 5:59
  out. No, not necessarily right?
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  Nothing's changed fundamentally in a long term basis.
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  But we do like to keep track of the short term moves and if we
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  can get a week, and I predicted right that I thought that a week
• 6:12
  from now we would see a silver price higher than where we are.
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  I said it yesterday that I thought next weekend we will see
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  a silver price $8285, possibly even higher.
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  And then from there, like Jesse says, if we can move through
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  these these resistance zones and eventually get back to all time
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  highs, it's blue skies, right? There's no more overhead
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  resistance for the silver price to contend with.
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  The good news is the important thing that we want to remember
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  is that that kind of manic move that we had back in early
• 6:47
  January, it wasn't like it lasted that long.
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  It's not like there's a ton of people out there who bought
• 6:54
  silver at 100 or $110 per oz. There are some people, no doubt
• 6:59
  about it, and I believe they will be very glad they bought
• 7:02
  silver even at those levels way out in the future.
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  But there's not a big wave of people waiting for $100, waiting
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  for $110 again to sell their silver.
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  And I think that this time as we move up to those levels, it's
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  going to be in a or strong, steady, consistent manner
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  because we truly have built an incredible, an incredible base
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  here in the what, 70 to $80 range over the last number of of
• 7:31
  months. OK.
• 7:33
  Next up, OK, I should have teased you with this, but let's
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  talk about $3000 silver and why that's really based on recent
• 7:42
  history, not out of the question.
• 7:44
  Before we do that, I do want to say thank you to channel sponsor
• 7:47
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  So the silver goes from the mine to the mint at First Mint and
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• 9:01
  basement. So thanks for your support of
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  first Mint. I know you guys love them.
• 9:05
  That means a lot to me and, and let's move on now and talk about
• 9:11
  $3000 silver. Is Ron crazy?
• 9:14
  Has he lost his mind? Right?
• 9:15
  I didn't even put that in the in the thumbnail for this video,
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  but I'm going to show you why that is absolutely not out of
• 9:23
  the question and it could even be there right now.
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  Traditional money share to chart, OK, silver versus the S&P
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  500 is near historic lows. That means we got a lot of room
• 9:38
  for improvement. Silver investors.
• 9:41
  The silver to S&P 500 ratio right now sits at .01.
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  So that means basically the price of silver, let's say
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  around $80 per oz is a little over just 1% of the price of the
• 9:58
  S&P 500, which sits at 7400. And if we look at this
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  historical chart, OK, we can clearly see right there, we are
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  right there, the silver price at about 1% of the S&P 500 back in
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  1980 that got the .45 almost half, almost 50%.
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  That means that in 1980 the price of silver was 50% of the
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  S&P 500. If today or .45.
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  But if today we were at those same levels, guys, if if the
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  price of silver was 50% of the S&P 500, we'd be overshooting by
• 10:41
  just a hair what we did in 1980. Let me look you in the eyes for
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  this. If we were there right now,
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  silver price, 50% of the S&P 500, we would be at $3700
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  silver, OK, Even if even if, OK, the S&P 500 were to drop to
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  5000, let's say, and we went to .3, we didn't even get all the
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  way to where we were in 1980. What would that be?
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  That would be what $1500 silver I mean, it's incredible OK,
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  those and the the big key take away here is that's not complete
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  make believe fantasyland. There's nothing stopping that
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  from happening again. OK.
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  And that was 1980, right at the end of the 1970s, which
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  everybody is saying, the current environment that we're in right
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  now, right, economically, geopolitically, from an energy
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  crisis perspective is almost identical to what we had in the
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  1970s. So think about it.
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  Right now, the silver price is about just a little over 1% of
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  the S&P 500. In 1980, it was darn real close
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  to being 50%, right? Again, you can do the math.
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  You can multiply the current the current silver price by 40 by 40
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  X get to 3200 however you want to do it.
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  Slice it, slice it or dice it, whatever however you want to
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  look at it. Excuse me, that that potential
• 12:25
  is real and that potential is there, right?
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  I don't care. People will say we're crazy for
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  thinking this, right? But people said we were crazy
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  two years ago when we had a, a, a bear behind us right there,
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  right? The silver bear who was
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  blindfolded with $85, we said we'd take the blindfold off when
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  silver hit $85. Well, guess what?
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  It hit $85. So let the naysayers, that's
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  fine. Say what you want, right?
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  But the price of silver, I believe in my lifetime that
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  we'll see in the thousands of dollars.
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  Now, of course, do your own research.
• 13:01
  I don't have a crystal ball, OK? But we can't deny that those
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  numbers are definitely within the realm of possibility.
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  And what's all this hubbub that we're getting lately about
• 13:13
  silver, about options in both silver and gold?
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  Like people are buying massive amounts of options in the gold
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  market at fifteen, $20,000 per oz, betting that the price of
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  gold could get to 15 or 20,000 per oz by December.
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  But they're doing it with silver as well.
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  I don't know enough about the intricacies of the futures
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  markets in the options markets to say if this is true or not,
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  but let's take a look at what's coming out and what people are
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  saying, and maybe one of you can give us some feedback.
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  This one came out from only a trader alert.
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  Something extremely unusual is happening in the market right
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  now. Major players with inside
• 13:54
  information are relentlessly, relentlessly scooping up silver
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  options at the 900 to $1000 per oz level.
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  Meanwhile, paper silver is trading around $80.00.
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  In other words, someone expects silver to surge 12 100%
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  overnight. And this move is definitely not
• 14:17
  driven by retail investor flows. And then they go into a whole
• 14:21
  bunch more, you know, kind of pontificating about this.
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  But here's the chart. And this is actually a little
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  video that shows the silver price on the bottom.
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  Let me get this up in full screen for you.
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  OK? You can see on the lower right
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  side. Nope, I'll be able to draw on
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  this or not. Nope, I can't down to 1000.
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  That's 1000. Now it does say to me it looks
• 14:45
  like there's more puts than calls, but we're getting all
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  these posts about this. Now let's go over to gold
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  because then we get this, which makes it even more interesting
• 14:55
  regarding gold. NBA economics put this by kind
• 15:00
  of breaking news story out the CME.
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  OK, that owns the Comex added for gold 21,000 and 24,000
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  strikes to the December 2026 gold call options.
• 15:19
  It says in addition to the high interest in the 10,015 thousand
• 15:25
  and $20,000 strikes and again these are these are options
• 15:30
  contracts bets that the price of gold's going to get to 1015 or
• 15:34
  20,000 by December. Since late 2025, there have been
• 15:38
  high gold exports out of the United States.
• 15:42
  The last time this happened the USA government revalued gold in
• 15:46
  1971 and here's the proof right here.
• 15:49
  And as you can see, 2 interesting things.
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  Yes, they added at the bottom 21,000 and $24,000 calls.
• 15:58
  But if we look at this right, at the $20,000 call level, there's
• 16:04
  some pretty serious volume. And also at the $15,000 per oz
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  gold December options, there's also significant volume.
• 16:15
  So there may be something to this, I don't know, right?
• 16:19
  This is not my area of expertise, but a lot of people
• 16:22
  are are getting very, very, let's say, excited about this.
• 16:26
  Now let's go check on the inventory levels at the COMEX.
• 16:32
  Before we do that, I also want to say thank you to channel
• 16:35
  sponsor First Mining Gold. That's a stock that I owned long
• 16:40
  before they sponsored my channel.
• 16:42
  Their development stage gold company with two huge multi
• 16:46
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• 16:51
  and Duparque located in Quebec. You can learn more about them at
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  firstmininggold.com. But guys, there aren't a lot of
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  big multi million ounce development stage gold projects
• 17:04
  in good jurisdictions In first mining gold has two of them.
• 17:08
  Thank you to 1st mining gold and the first Mint for sponsoring
• 17:12
  Ron's basement. Now let's take a look at what's
• 17:16
  happening with the inventory levels.
• 17:20
  Metals charts gives us a comex silver inventory update as of
• 17:24
  May 8th Friday. The total amount of silver, 312
• 17:29
  million oz registered below 80 million at 79.8 million
• 17:35
  eligible, 232 million leverage ratio, 1.6 X registered.
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  Leverage now registered is the number we want to keep an eye on
• 17:48
  because that's the silver that's actually available to be
• 17:52
  delivered on the contracts. And it's leverage that means for
• 17:56
  each contract that's out there, right, There's six, there's 6 oz
• 18:02
  that are claimed for 6.22 for each one, 3 oz 30 day change
• 18:08
  down almost 13 million oz, one year low of 312.3 million.
• 18:15
  We are at a new one year low and with eligible taking the full
• 18:20
  hit again guys, there's the graph right there.
• 18:24
  The take away here is that the paper market, OK, not just when
• 18:28
  it comes to inventory, but when it comes to open interest as
• 18:33
  well, actual liquidity activity on the COMEX has been going
• 18:38
  down, down, down, down. We got low inventory.
• 18:42
  We have low activity at the COMEX.
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  It's setting up a situation where when people do come back,
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  could that be this week? I think we got a better chance
• 18:53
  than not that we could see more activity.
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  It feels like the silver market in particular is percolating
• 19:00
  right now, if that makes sense, like bubbling and getting ready
• 19:05
  to explode, right? And if people come back into
• 19:09
  that silver market, into those futures markets, since there's
• 19:13
  been such little activity, a little bit, a small amount of
• 19:17
  movement into it could have an outsized impact on the actual
• 19:22
  price of silver. So we're going to be keeping a
• 19:24
  close, close eye on that. And let's talk about China, OK?
• 19:29
  And let's talk about gold because we've got 2 charts to
• 19:32
  look at when it comes to China. And gold did visually show us
• 19:37
  just what's happening right now. Steve Hankey says the People's
• 19:41
  Bank of China is back in the gold market big time.
• 19:45
  Buy gold and wear diamonds. And these are the monthly change
• 19:49
  in gold reserves in China. And as you can see, this was a
• 19:54
  big headline in April. OK, here's April right here.
• 19:59
  China bought a massive, massive amount of gold 260. 1000 ounces
• 20:08
  of gold in China. Now, something else we can look
• 20:12
  at. What about their total gold
• 20:16
  holdings? Well, here we go.
• 20:18
  This came from James Anderson own gold bullion outright
• 20:22
  Diamonds aren't precious. Here we go, 21st century
• 20:26
  context. This shows China's gold reserves
• 20:30
  since the year 2000. There it is right there.
• 20:34
  I mean, do you see, right, a steady, steady increase?
• 20:39
  But wait, there's more because everybody knows and all the
• 20:44
  smart people out there will indicate and say, right, that
• 20:48
  while China says that's their official gold holdings, the
• 20:52
  actual number is likely much, much, much higher.
• 20:57
  So whether we're going to look at the charts, which we will,
• 20:59
  right, and whether we look at what happens this week, whether
• 21:03
  we want to look at the fundamental factors, whether we
• 21:06
  want to look at history, everything is telling us that on
• 21:09
  a long term basis, the outlook for gold and silver remain very,
• 21:14
  very optimistic. Now, this week is going to be
• 21:17
  pivotal on a short term basis. Remember, we have things like
• 21:22
  war. There are headlines, we have
• 21:24
  other headlines that can create short term noise for the gold
• 21:27
  and silver price. I'm predicting that we're going
• 21:29
  to have a great week this week in silver.
• 21:31
  I'll gladly come back here next week and eat crow if I'm wrong,
• 21:36
  but but this week is pivotal if we're able to get into that 8385
• 21:43
  and as Rashad said, maybe even higher than that, it could be
• 21:47
  game on again for silver. There's a lot of people who got
• 21:51
  interested in silver from from from about September through
• 21:57
  January, September of last year, last year through January of
• 22:02
  this year that are still keeping a close eye on it.
• 22:06
  People by unfortunately, hopefully not you, not me.
• 22:09
  Like we aren't emotional buyers or sellers, but there's a lot of
• 22:12
  people that are emotional buyers and sellers of silver.
• 22:17
  And if the if the not the resentment, the sentiment comes
• 22:21
  back, which it always does and it will again, it could bring a
• 22:26
  lot of new people into both the physical market and the paper
• 22:30
  market in both those markets are set up right to really have an
• 22:35
  outsized impact from just a small amount of new interest.
• 22:40
  It's going to be a fun week. I can't wait to do it with you.
• 22:42
  Thanks for coming down to the basement.
• 22:44
  Please give the video a thumbs up.
• 22:47
  Subscribe to the channel on behalf of Upstairs, Susie and
• 22:50
  myself. We appreciate you.
• 22:52
  Take care and we'll see you. Yeah, we'll see you next time.