Latest / Financial Survival Network / Why Gold and Silver Crashed and What's Coming Up Next -- Exclusive Interview w/ Martin Armstrong #6365

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Why Gold and Silver Crashed and What's Coming Up Next -- Exclusive Interview w/ Martin Armstrong #6365 · Financial Survival Network

0:00
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Speaker 2: Ever, And welcome you are watching and listening to the
0:30
Speaker 2: Financial Survival Network. I'm your host, Carrie Letz. Today. It's
0:35
Speaker 2: January thirtieth, twenty twenty six. Big day. I couldn't have
0:39
Speaker 2: planned it better. Martin Armstrong is on with us now.
0:43
Speaker 2: It's been kind of a momentous day and a momentous
0:48
Speaker 2: month in the metals markets for sure. I mean, as
0:52
Speaker 2: we're talking, gold is down five hundred five dollars the
0:56
Speaker 2: ounce silver is down thirty two dollars the oun ounce. Martin,
1:01
Speaker 2: you were like calling for Monday for an inflection point
1:06
Speaker 2: for gold. You were off by twenty four hours. But
1:10
Speaker 2: I guess it's better than most of these other analysts
1:13
Speaker 2: who are off by years and decades.
1:16
Speaker 3: Right. Well, it's you can you know, it's like holding
1:21
Speaker 3: your hand up in the air. We're gonna do that,
1:23
Speaker 3: but keep it there eventually gets it feels so heavy
1:27
Speaker 3: it's got to come down, you know. And the biggest
1:31
Speaker 3: problem with the metals, which is very interesting this time,
1:38
Speaker 3: most of the rally has been astley short covering rather
1:42
Speaker 3: than you know, people running out no I got just
1:46
Speaker 3: got to buy it sort of thing. So you don't
1:50
Speaker 3: have the real tremendous speculative type bubble in demand bubble.
1:57
Speaker 3: And I've spoken to many people in the industry, refiners,
2:02
Speaker 3: et cetera. And what's going on is that a lot
2:07
Speaker 3: of people have that did have silver or dumping it
2:12
Speaker 3: at these kind of prices to the point that the
2:16
Speaker 3: refiners are no longer you know, even accepting it or
2:21
Speaker 3: offering any money in advance.
2:24
Speaker 2: They're puking silver.
2:27
Speaker 3: Yeah, it's that comes back to the you know, to
2:32
Speaker 3: the small dealers. They you know, they can't buy it
2:35
Speaker 3: because they can't sell it. They don't have the capital
2:40
Speaker 3: to keep going. So you know, whatever they buy today,
2:44
Speaker 3: they're typically selling it off to the wholesalers the next day.
2:47
Speaker 3: And if they're not paying it's taken two to three
2:50
Speaker 3: months to get it, then they stop buying. This is
2:55
Speaker 3: really what's going on, and so you get an inflection
2:59
Speaker 3: point at this stage. But our computer is clearly showing
3:03
Speaker 3: this is not, you know, the end of the bull market.
3:07
Speaker 3: This is not a major long term high like nineteen
3:11
Speaker 3: eighty something along those lines. This is this is still
3:16
Speaker 3: a perfect storm in the sense that we have shortages
3:22
Speaker 3: in metals, lack of refining capacity, we have sovereign debt
3:30
Speaker 3: crisis going on around the world, and then you got war.
3:37
Speaker 3: So when you have this sort of a perfect storm,
3:42
Speaker 3: you know, it still looks as though fine, you get
3:45
Speaker 3: an inflection point, you pull back short term, and then
3:49
Speaker 3: it's gonna you know, take off again. We may even
3:54
Speaker 3: see a temporary low by next week and then it
3:58
Speaker 3: bounce back again. It's mainly people who have been shorting
4:03
Speaker 3: expecting it, you know, like sixty two decline and all
4:08
Speaker 3: this stuff, and that it's going to stay down there.
4:10
Speaker 3: We're just not dealing with the same thing that we
4:13
Speaker 3: were dealing with years ago.
4:15
Speaker 2: Yeah, the physical shortage, the actual deficit in silver. And
4:20
Speaker 2: then we have expanding industrial uses in everything. I don't
4:26
Speaker 2: have to repeat them, but cars, you name it, cars, cruise, missiles,
4:31
Speaker 2: and solar panels and all the electronics. They all need silver.
4:36
Speaker 2: There's no substitute, and we haven't been producing enough because
4:40
Speaker 2: prices have been too low, and it's all byproduct product mining.
4:45
Speaker 2: So when we talked a couple of times ago, you
4:48
Speaker 2: said goldwood hit five thousand and then ten thousand really quick,
4:53
Speaker 2: because when it breaks a number like five thousand, then
4:56
Speaker 2: there's not much resistance ahead. So you called this your
5:02
Speaker 2: article was yesterday saying that Monday was probably that point,
5:08
Speaker 2: and it turned out to be Friday. But ten thousand
5:11
Speaker 2: gold is still on the horizon, isn't it.
5:14
Speaker 3: Yeah, I mean, this is not longer term roaming. By
5:19
Speaker 3: the time we get into twenty thirty two, I would
5:23
Speaker 3: expect like silver at least like you around one sixty five,
5:29
Speaker 3: you know, and the same thing with gold.
5:31
Speaker 2: I mean.
5:33
Speaker 3: A lot of the unfortunately, a lot of the gold
5:36
Speaker 3: bugs have constantly misrepresented what gold has gone up for.
5:46
Speaker 3: I mean, I was there in the nineteen eighties, and
5:49
Speaker 3: you know, gold went from about four hundred to eight
5:54
Speaker 3: seventy five in the last six weeks, and that's when
5:57
Speaker 3: Russia invaded Afghanistan. It's geopolitical, it's not You don't get
6:03
Speaker 3: that doubling effect in six weeks because of inflation. You know,
6:09
Speaker 3: that's just nonsense. It's more of a geopolitical thing. It's
6:13
Speaker 3: the same thing, you know, like with bricks. He took
6:18
Speaker 3: Russia out of Swift. That was then a warning sign
6:24
Speaker 3: to everybody else if we you know, if they don't
6:28
Speaker 3: do want the Biden administration ordered them to do, they
6:33
Speaker 3: could be removed. And you even have Lincoln even threatened China.
6:39
Speaker 3: You know, don't support Russia in this Ukraine war. We
6:42
Speaker 3: might do the same to you. Really, you know, the
6:47
Speaker 3: problem I have with these people is that they and
6:52
Speaker 3: all honestly, they're complete idiots because all they look at
6:56
Speaker 3: is what's in front of their nose. Oh, I got
7:00
Speaker 3: to beat Russia, so let's do this. Okay, what are
7:04
Speaker 3: the implications of what you're doing? All right, It's like
7:09
Speaker 3: the Vietnam War. Okay, you've got Robert McNamara before he died.
7:14
Speaker 3: It's on YouTube and he wrote a book. Sorry, we
7:19
Speaker 3: were wrong, Okay we thought Russia was involved. Well, not
7:23
Speaker 3: only did fifty eight thousand Americans die because they were wrong,
7:29
Speaker 3: but it broke Brenton Woods. It's the whole gold standard.
7:36
Speaker 3: I mean, you know, I think a three year old
7:40
Speaker 3: would a pocket calculator could have figured it was going
7:43
Speaker 3: to crash. You can't fix the price of gold at
7:47
Speaker 3: thirty five dollars but then continue to print dollars for
7:51
Speaker 3: whatever you want to wage wars. Then you had Johnson
7:55
Speaker 3: in the Great you know, society and socialism amounted is
8:00
Speaker 3: being created with no understanding that how do you do
8:09
Speaker 3: that and still maintain a thirty five hour fixed rate.
8:15
Speaker 3: It's that's what I mean. It's just to me, it's
8:19
Speaker 3: it's very frustrating because you would think somebody would common
8:24
Speaker 3: sense would figure out, you can't fix the currency and
8:29
Speaker 3: at the same time print as much as you want.
8:32
Speaker 2: Yeah, but we're still we're still doing the same thing, right,
8:35
Speaker 2: I mean, look at these deficits.
8:39
Speaker 3: But there it's at least not fixed. If it was fixed,
8:43
Speaker 3: I mean, we wouldn't be able to last this fall.
8:48
Speaker 3: But you know, and you know, then you get these
8:54
Speaker 3: people to say, oh, it's good it's fiat because it's
8:58
Speaker 3: not backed were you They don't understand what a currency is.
9:08
Speaker 3: The backing of it is the wealth of the nation.
9:12
Speaker 3: It's the productivity of the people. And I mean both
9:17
Speaker 3: China and Japan rose from the ashes after World War
9:21
Speaker 3: Two for productivity, not gold. They both became the largest
9:27
Speaker 3: in their respective regions. All right, if the backing of
9:34
Speaker 3: a currency with you know, commodities is supposed to be
9:39
Speaker 3: the real value, then Russia should be number one, right,
9:45
Speaker 3: they got more commodities than anybody. Then you had the
9:50
Speaker 3: dour going up after Brenton Woods collapse, and so the
9:58
Speaker 3: again the gold bug inflation. This were wrong. They thought
10:02
Speaker 3: the dollar would collapse. So then they came up with
10:05
Speaker 3: the petro dour theory. Oh it's now the dollar is
10:09
Speaker 3: backed by oil. Okay, well then why is not the
10:13
Speaker 3: SORTI real number one currency each you know, and oil
10:21
Speaker 3: is not you know, it's it's less than ten percent
10:25
Speaker 3: of world trade. So where is that the backing of
10:29
Speaker 3: the dour? You know, well you have to understand. You know,
10:38
Speaker 3: you can go on eBay and buy bonds. China issued
10:42
Speaker 3: bonds and British pounds before World War One. Everybody went
10:46
Speaker 3: to Britain to sell their bonds because that was the
10:50
Speaker 3: financial capital. That's where money was. You needed money, you
10:55
Speaker 3: went there to borrow. After World War two, New York
10:59
Speaker 3: became that away. So all these emerging markets they issue
11:06
Speaker 3: debt and dours so they can sell it. This was
11:11
Speaker 3: the problem in China. China should have been more authoritarian.
11:19
Speaker 3: They told their provinces and people do not borrow in dollars.
11:25
Speaker 3: They all did. The dollar went up and they all
11:31
Speaker 3: lost a ton of money. You know. They were just oh, gee,
11:35
Speaker 3: yes I can, I can save money on interest rates.
11:39
Speaker 3: I can save two percent if I go in dours. Okay.
11:42
Speaker 3: Then the dollar goes up twenty percent and I think
11:44
Speaker 3: you lost your shirt, you know. So it's it's more
11:50
Speaker 3: than all that. It's the strength and support of the
11:56
Speaker 3: dour is the economy itself. Japan's got to sell its
12:01
Speaker 3: toyotas to Americans, Germany's got to sell it as BMWs to Americans.
12:07
Speaker 2: So we're the.
12:09
Speaker 3: Largest consumer based economy and they're all selling their stuff here.
12:15
Speaker 2: And they have no choice. Right, they have to sell
12:18
Speaker 2: here or they lose a huge part of their market.
12:23
Speaker 3: Look, that was the whole idea behind the Euro. This
12:28
Speaker 3: is why Germany. Cole took Germany into the Euro. It
12:34
Speaker 3: didn't allow the people to vote. Under this theory that
12:37
Speaker 3: with a single currency for Europe, they could export more cars,
12:42
Speaker 3: et cetera to the rest of Europe and eliminate the
12:45
Speaker 3: foreign exchange risk. Is that the Deutsche mark went up
12:49
Speaker 3: by twenty percent, then the price of a car to
12:52
Speaker 3: an Italian went up twenty percent and they couldn't sell it.
12:58
Speaker 3: So I mean it's I mean, I mean I saw that.
13:02
Speaker 3: Back in eighty five. I was living in London. I
13:06
Speaker 3: bought a Ferrari.
13:09
Speaker 2: Three h eight.
13:10
Speaker 3: It was like it was a sixty some thousand dollars
13:14
Speaker 3: car in the United States at the time, and in
13:18
Speaker 3: British pounds, the pound went down the par so I
13:22
Speaker 3: got forty some forty two thousand, whatever it was. But
13:28
Speaker 3: then the pound went back to two dollars. Ferrari couldn't
13:33
Speaker 3: afford to sell cars at forty some thousand, so they
13:38
Speaker 3: raised the price in pounds. But then the pound doubles,
13:43
Speaker 3: and then everybody saw Ferraris were suddenly doubling price, so
13:49
Speaker 3: they the idiots. They then these saw people buying ferraris,
13:53
Speaker 3: could have thought the Ferrari was the investment. It was
13:56
Speaker 3: just currency. Yeah, you know, I'm Me's somebody in Toronto.
14:04
Speaker 3: We had like forty ferraris and he thought this was
14:07
Speaker 3: a fantastic investment, you know, as it wasn't the Ferrari
14:11
Speaker 3: that went up. I'm sorry, it was all crazy.
14:15
Speaker 2: I love it. I love it. So at the World
14:19
Speaker 2: Economic Conference, and any of you out there, I highly
14:23
Speaker 2: recommend that you go to the next one because it's
14:27
Speaker 2: just you can't get information in that group of people
14:30
Speaker 2: that are there. You'll never find these people any other place.
14:34
Speaker 2: But you talked about the panic twenty twenty six being
14:38
Speaker 2: panic cycle year. It looks like it's living up to that,
14:42
Speaker 2: and we're getting closer and closer. If I remember correctly, March,
14:48
Speaker 2: March May, April May, it was kind of where it peaks.
14:52
Speaker 3: Yeah, it's a panic cycle is typically something that takes
14:57
Speaker 3: out both directions perspective. You just succeeded yesterday's high and
15:03
Speaker 3: you turn around and you crashed for the afternoon, you
15:05
Speaker 3: take out the low. That's what we call panic cycle.
15:11
Speaker 3: So we had this on warm starting here in twenty six,
15:18
Speaker 3: as well as the euro and so you have the
15:25
Speaker 3: euro rising, expected it to rise first and then turn
15:30
Speaker 3: around and go down. The prospect of war developing it
15:38
Speaker 3: is quite high. I mean, as you know, I was.
15:44
Speaker 3: I was shocked to be called in to even ask
15:47
Speaker 3: to write a the peace plan for Russia, and I
15:52
Speaker 3: took my assistant Hannah. I at first it was like
15:57
Speaker 3: I was being invited in for a briefing. I said
16:00
Speaker 3: you want to brief Neil on what's going on in Russia.
16:03
Speaker 3: I mean, all right, I'll show up. And then she
16:07
Speaker 3: had to leave the room. I said, oh, so this
16:11
Speaker 3: is the real national security stuff NOUSE, you know. And
16:16
Speaker 3: so I was asked to write this piece plan and
16:21
Speaker 3: then they said we want you to use your back channels.
16:26
Speaker 3: I said, you want me to do that and they
16:28
Speaker 3: said yes, So I did. I got it on Booten's desk.
16:34
Speaker 3: Took me four days to write the thing, and like
16:38
Speaker 3: a college prepared for a college exam, you're working fifteen
16:42
Speaker 3: hours a day. And like two days later, Lavrov came
16:47
Speaker 3: out and said, we are willing to guarantee we're not
16:52
Speaker 3: interested invading NATO. And at that meeting I was told,
17:02
Speaker 3: we agree with you. We will not be in war
17:05
Speaker 3: with Russia. It will be China. And so then I think,
17:14
Speaker 3: basically it got obvious why I was called in, because
17:20
Speaker 3: I think the neo khans that had been filtrated the
17:26
Speaker 3: Trump administration were blocking everything all the time. At that meeting,
17:33
Speaker 3: I mean, you know me, I just say whatever it
17:36
Speaker 3: is that, yeah, what the computer says. I don't really
17:40
Speaker 3: give a ship what they have to say. I said, look,
17:44
Speaker 3: we should get the hell out of NATO. They're going
17:47
Speaker 3: to create a false flag to invoke Article five to
17:52
Speaker 3: try and drag US in to fund their war. And
17:56
Speaker 3: I was surprised. The response was, yes, we know you're correct. Wow,
18:04
Speaker 3: I said, but yeah, wow. Then you had Rubio stand
18:10
Speaker 3: up swearing we're still in with NATO, We'll be there
18:13
Speaker 3: for NATO. I published I gotta basically a thank you
18:18
Speaker 3: letter from uh Trump. I was kind of surprised being
18:23
Speaker 3: called in, and I even asked, I said, is this sanctioned?
18:27
Speaker 3: Because I'm wondering if I'm being called in by some
18:31
Speaker 3: side group or something, you know, And I said, no,
18:35
Speaker 3: this is sanctioned. You were proved to be called I said, oh, right, fine.
18:40
Speaker 3: So now I did get a thank you letter from
18:43
Speaker 3: from Trump, which I put on the blog. But the
18:50
Speaker 3: I don't know what's out in the press right now.
18:54
Speaker 3: That should be out maybe today or by tomorrow or
18:57
Speaker 3: something like that. But now now I've heard that Trump
19:04
Speaker 3: is going to shut down over two hundred uh NATO installations. Wow,
19:10
Speaker 3: and people, so you know, check the press. That might
19:17
Speaker 3: be coming out, you know, very soon. So it's hard
19:22
Speaker 3: for me to say I've dealt with Europe and I've
19:30
Speaker 3: dealt with the US, and so i've i've again. I
19:38
Speaker 3: think part of the reason I was cold in as
19:40
Speaker 3: good as I was there called in initially for designing
19:43
Speaker 3: the euro from scratch. Uh so I know all the
19:47
Speaker 3: ins and outs and how it wasn't formed correctly. And
19:52
Speaker 3: and that's the debt problem that they have. We saw
20:00
Speaker 3: it initially in twenty ten when Greece got in trouble,
20:04
Speaker 3: right when you know, I'm not an academic, I'm a trader.
20:15
Speaker 3: After that, what happened immediately, all the guys they made
20:20
Speaker 3: a lot of money short and Greece great, Who's next, Oh, Spain? Okay,
20:27
Speaker 3: and then you go off all right, this is the
20:31
Speaker 3: problem with Europe because they did not consolidate the debt.
20:39
Speaker 3: Each country still has its own debt, and each country
20:43
Speaker 3: prints euros. They have little codes on the notes to
20:47
Speaker 3: say which central bank as it come from. The structural
20:54
Speaker 3: flaw here is you've had UK and France both admit
21:01
Speaker 3: their finance ministers admit they could be pushed to the
21:05
Speaker 3: point of eating an IMF bailout. That's what Greece was
21:10
Speaker 3: in twenty ten. Okay, So let's say for argument, and
21:16
Speaker 3: the traders are going are watching France meticulously. If it
21:22
Speaker 3: just smells like they might be in trouble, they're going
21:26
Speaker 3: to start shorting. So then what are you short You're
21:32
Speaker 3: going to look to see which banks hold the most
21:35
Speaker 3: French debt. That's how we worked with Greece. So then
21:41
Speaker 3: because they didn't consolidate this, it turns into a contagion.
21:47
Speaker 3: It effects Okay, who's next? Okay, Oh, Italy. I've been
21:56
Speaker 3: in discussions now they know what I've said for decades
22:05
Speaker 3: and what I've heard rather than reforming, rather than actually
22:10
Speaker 3: correcting the problem, all right, is that if Southern Europe
22:16
Speaker 3: got in trouble again, it would Greece, Spain, they would
22:21
Speaker 3: jettison them, regroup the Europe to the Northern States. I mean,
22:30
Speaker 3: these are our politicians in academics. They're not traders, right,
22:38
Speaker 3: what's the trader going to do? Start shorting this shit
22:42
Speaker 3: out of flaff looks weak? I mean, it's this is
22:48
Speaker 3: what they don't get. And that's my concern for Europe.
22:54
Speaker 3: And this is why they need war where they have
22:57
Speaker 3: to have an external enemy, because otherwise the people, if
23:01
Speaker 3: they're going to lose their pension funds and thinks of
23:04
Speaker 3: this nature they're going to be storming the parliaments with pitchforks. Right.
23:09
Speaker 3: You know, it's like Biden when he put it on
23:11
Speaker 3: the sanctions and gasoline went up. What did he say?
23:16
Speaker 3: Always Putin's inflation? But what you know, it's this is
23:23
Speaker 3: pretty standard. Uh. For it doesn't matter what government you're
23:28
Speaker 3: looking at, left, right, center, whatever. Uh, they will always
23:32
Speaker 3: blame an external anime.
23:34
Speaker 2: Yeah, it's true.
23:36
Speaker 3: So you go to Europe and they're all all Putin's evil.
23:40
Speaker 3: Putin wants to take your all this nonsense. You look
23:45
Speaker 3: at the press. I just read the Telegraph. I have
23:49
Speaker 3: no respect for any of them. All putinent dating unprovoked?
23:53
Speaker 3: Really okay? Uh. The day before Zelenski he stood up
24:00
Speaker 3: and said they were going to rewn with nuclear weapons,
24:05
Speaker 3: all right, And the Washington Post found out he knew
24:11
Speaker 3: when Russia was going to cross the border. And there's
24:15
Speaker 3: an interview you can look it up. And they asked them,
24:18
Speaker 3: why did you not warn your people? His response, if
24:24
Speaker 3: I told them we were going to be invaded, it
24:26
Speaker 3: would it cost me seven billion dollars?
24:28
Speaker 2: Well, I mean, these.
24:32
Speaker 3: People are not interested in their countries, they're not interested
24:37
Speaker 3: in humanity. Trump has I believe that is now out
24:45
Speaker 3: in the pressed my peace plan, I said, just honor
24:51
Speaker 3: the Mints agreement and the war.
24:55
Speaker 2: Trumps has simple.
24:58
Speaker 3: Just said to Zolenski he must surrender the Donbas in
25:03
Speaker 3: order for us to give him the guarantees. And that
25:09
Speaker 3: was the men's agreement. Yeah, eleon which are Russians okay?
25:16
Speaker 3: To simply vote, do you want to be part of
25:19
Speaker 3: Ukraine or separate? Check with Slovakia split along ethnic lines,
25:25
Speaker 3: Check Republic Slovakia, Yugoslavia broke up ethnic lines, Croatia, Erbia, Montenegro.
25:35
Speaker 3: This whole region has been occupied by Ottomans. I mean
25:40
Speaker 3: so many times that you have many different ethnic groups
25:45
Speaker 3: as are out there, and they hate each other, you
25:48
Speaker 3: know what I mean. It's just well, you know, inviting
25:50
Speaker 3: Hamas to set up to you as your next door neighbor.
25:54
Speaker 3: I mean it's in Israel. I mean, they just hate
25:57
Speaker 3: each other.
25:58
Speaker 2: Yeah, there's certain things.
26:00
Speaker 3: You're not going to overcome, you know, and Iran in Israel,
26:04
Speaker 3: I mean, it's religious, it's my god against your God. Yeah,
26:09
Speaker 3: all right, this is not okay. I'll give you, you know,
26:12
Speaker 3: a boardwalk for a park place. You know, Uh, this
26:16
Speaker 3: is much beyond that. The type of negotiation. This is
26:23
Speaker 3: ethnic hatreds that maybe it can be calmed down for
26:29
Speaker 3: a while, but they're always going to be there. Yeah,
26:33
Speaker 3: to employees in and we have conference and in Greece,
26:38
Speaker 3: and the one from Kiev refused to fly back the
26:42
Speaker 3: fastest way because the plane simply stopped in Moscow. Yeah,
26:49
Speaker 3: it's you're just changing plans. Nope, we'll not go there
26:55
Speaker 3: for those Russians. I mean it's this is what you're
26:59
Speaker 3: doing with the Atrich is systemic and you're not going
27:03
Speaker 3: to you know, Ukraine from the very beginning. You can
27:09
Speaker 3: search our blog. I said Ukraine should be split along
27:14
Speaker 3: ethnic lines like Yugoslavia and Czechoslovakia. It's the only way
27:20
Speaker 3: to peace. And how many millions of people have died
27:24
Speaker 3: for what We're at the same place Trump says, give
27:29
Speaker 3: up the dumb boss if you want to guarantees, you know,
27:33
Speaker 3: and there's just certain things you can't do. I mean,
27:36
Speaker 3: it's just you know, this is where we're at.
27:38
Speaker 2: All right. Well, on that note, I got one favorite
27:41
Speaker 2: for you for part two of our video here if
27:45
Speaker 2: you could just pull up Socrates and tell us what
27:50
Speaker 2: you told us earlier, but just illustrated on the arrays
27:54
Speaker 2: for gold and silver coming up in the March area.
27:59
Speaker 2: That would be great.
28:00
Speaker 1: Financial survival network. It's all about what's next.
28:05
Speaker 2: This is part two.
28:06
Speaker 3: Let's see look at that.
28:08
Speaker 2: That's quite a chart.
28:10
Speaker 3: Yeah, that's yeah, there was a chart on the gold. See,
28:13
Speaker 3: we have a major turning find twenty seven and I
28:15
Speaker 3: think that's gonna be linked in to war. And then
28:18
Speaker 3: your your biggest one is off in twenty thirty two
28:22
Speaker 3: with the pack cycle of that, right, But looking at
28:26
Speaker 3: this on a monthly level, here we had January which
28:34
Speaker 3: probably at best maybe you know, you got a minor
28:39
Speaker 3: turning point coming in February. The biggest one is going
28:42
Speaker 3: to be in March. Then you got April, May, June,
28:47
Speaker 3: on June, July. Abviously the summer looks like more like war.
28:54
Speaker 3: When you start correlating it with the rest of the world,
28:57
Speaker 3: it doesn't look very good. But if I don't see
29:03
Speaker 3: a like after nineteen eighty we had a nineteen year
29:07
Speaker 3: bear market, I don't see that the monetary system is
29:14
Speaker 3: probably going to crack. And by that I mean that.
29:21
Speaker 2: Europe.
29:21
Speaker 3: There's so much discontent within Europe itself, they have a
29:28
Speaker 3: high risk of civil unrest. Disagree in France from all
29:33
Speaker 3: the migrants that they've allowed in. And the problem with
29:38
Speaker 3: that is that they didn't come to share the and
29:44
Speaker 3: to assimilate. They came and say no, this is you
29:48
Speaker 3: see sections of Sweden and they said no, share a lawyer.
29:52
Speaker 3: You know you can't do that. That's almost like a conquest.
29:57
Speaker 3: I'm going to conquer this country and you're going to
30:00
Speaker 3: it's going to be mine. You're not going there to
30:03
Speaker 3: share something. As when they were designing the euro I
30:09
Speaker 3: told them they didn't understand the dollar, I said, and
30:13
Speaker 3: what made the door at work? I said? It was discrimination?
30:18
Speaker 3: They oh, how could you say that? I said, because
30:21
Speaker 3: it was fair. Whoever was the last off the boat?
30:25
Speaker 3: All right? What is the group that was discriminated against
30:29
Speaker 3: until they learned to speak English to get a job,
30:33
Speaker 3: and then they assimilated. And then you ask an American today,
30:36
Speaker 3: would are you go, oh, I'm half German, half Irish
30:39
Speaker 3: or Italian or whatever. Then everybody in you're married once
30:43
Speaker 3: you had the same language. That's what you don't see
30:46
Speaker 3: in Europe. Yeah, there's some exceptions, but do you really
30:49
Speaker 3: see somebody from Scotland going down and marrying somebody from Sicily?
30:55
Speaker 3: You know, they don't speak the same language, the cultures different.
30:58
Speaker 3: This is what keeps Europe divided. And that's why I
31:02
Speaker 3: warned them about creating the or you're trying to forcibly
31:07
Speaker 3: create the United States and it doesn't work that way.
31:12
Speaker 3: All right. There was no you know, central decree. You know,
31:17
Speaker 3: you must be English or whatever. I mean if I'm
31:21
Speaker 3: going to hire something the answer the phones, you know,
31:23
Speaker 3: they got to speak English. They can't say ka pasa,
31:26
Speaker 3: you know. Sure, And a lot of people have difficulty
31:33
Speaker 3: now with you know, tech support for somebody's companies because
31:37
Speaker 3: they come from India and they don't understand the accent.
31:42
Speaker 2: I've had it. I've had that myself, so we won.
31:46
Speaker 3: So excuse me what you're saying.
31:49
Speaker 2: So Gold Silver, we're looking at new highs in March.
31:55
Speaker 3: You could it depends how much of a pullback we get,
31:58
Speaker 3: but I would say if you get a low by March,
32:02
Speaker 3: the fact that that is the major target, you're going
32:06
Speaker 3: to see a rally from THEAR one out probably into
32:08
Speaker 3: twenty seven.
32:09
Speaker 2: Wow, that's pretty amazing. All right. Well, I've already pressed
32:14
Speaker 2: you for too much information here, I'm already but look,
32:17
Speaker 2: I had to This is like We've been putting off
32:20
Speaker 2: our call for like weeks now, but it worked out
32:23
Speaker 2: perfectly because you just wrote the article yesterday for your
32:27
Speaker 2: blog which I saw, which said that Monday would be
32:31
Speaker 2: the turning point. You were one trading day late. But
32:36
Speaker 2: I didn't see that from anybody else, and even myself
32:40
Speaker 2: I didn't. I thought it was possible, but I didn't
32:45
Speaker 2: think it was really going to happen right at this moment.
32:47
Speaker 2: But there it was, right smack dab and now, so
32:51
Speaker 2: this is a fake breakdown then effectively right head fake,
32:57
Speaker 2: and the.
32:57
Speaker 3: Rally was also kind of fake because most short covering.
33:01
Speaker 2: And I think they pushed it. I pushed it higher
33:06
Speaker 2: just so they could break it down faster. Now, that's
33:09
Speaker 2: my perception of what happened here.
33:13
Speaker 3: A lot of professionals have lost their shirts on this one.
33:22
Speaker 3: Not me.
33:23
Speaker 2: I'm not a professional, though I don't profess to be one,
33:26
Speaker 2: but I'm still sitting pretty.
33:30
Speaker 3: Well, I know. I think what happens is that they
33:32
Speaker 3: think they're in the middle of it and they know
33:34
Speaker 3: everything that's going on, and they don't, you know, because
33:40
Speaker 3: it's it's your own actions that make some of this stuff.
33:44
Speaker 3: I know one major player that lost a ton of
33:49
Speaker 3: money on sober shortening it too early. Wow, But you
33:55
Speaker 3: know this is what makes markets, you know. It's so
34:00
Speaker 3: we have to understand. This rally has been different than most.
34:07
Speaker 3: And that's why I would say that there aren't too
34:12
Speaker 3: many people around that. Actually, I mean I was there
34:14
Speaker 3: for nineteen eighty. I traded its whole damn thing.
34:17
Speaker 2: I remember it. But I wasn't as little too young
34:20
Speaker 2: to be trading. I was only thirteen. But it really
34:23
Speaker 2: set me down the path of watching gold and really
34:27
Speaker 2: becoming an observer of the market. But in silver there
34:32
Speaker 2: is actually a physical shortage, isn't there undeniably?
34:39
Speaker 3: Yeah, I mean you had trying to restrict the selling.
34:44
Speaker 3: As of January first, they were representing about sixty percent
34:48
Speaker 3: of the physical market. Now you have Trump ving to
34:55
Speaker 3: create a silver pool for strategic purposes of two point
34:59
Speaker 3: five billion. So I do you know, the commuter's just
35:04
Speaker 3: not showing, you know, a major bear market. And so yeah,
35:10
Speaker 3: we go back and slidate take off again. It's it's
35:15
Speaker 3: not over yet. And so as they say this fat
35:18
Speaker 3: lady saying.
35:18
Speaker 2: Joh yeah, and the and the fat ladies on vacation.
35:23
Speaker 2: One thing I just want to mention about Vietnam. I
35:26
Speaker 2: visited Hoachi Minh's city recently, and when you talk about
35:32
Speaker 2: the war, there all of the armaments that we left,
35:37
Speaker 2: just like Afghanistan, and there's a museum there, the War
35:40
Speaker 2: Remnants Museum, and anybody goes there. I highly recommend it.
35:45
Speaker 2: But it's like seeing an American arsenal that we just
35:49
Speaker 2: left there, like phantom jets, F fives, tanks, huiye helicopters,
35:56
Speaker 2: and Chinook's and I mean it's just all there and
36:00
Speaker 2: their presentation. They have no ill will towards the United States.
36:04
Speaker 2: That's the amazing part. Party most of them want to
36:08
Speaker 2: come and live here.
36:09
Speaker 3: Yeah, it's uh. Look, I visited Hiroshima and it was
36:18
Speaker 3: very interesting. I had people coming up apologizing to me
36:24
Speaker 3: that America had to, you know, drop bombs.
36:28
Speaker 2: Uh figure, you know, I've.
36:31
Speaker 3: Been in It was in Tokyo when the Golf War.
36:35
Speaker 3: Because of the constitution that Japan wasn't allowed to have
36:40
Speaker 3: troops more than two hundred miles offshore. Right, they were
36:45
Speaker 3: sending money, but so many other people didn't understand it,
36:49
Speaker 3: and they were criticizing the Japanese. Oh they'll send money,
36:52
Speaker 3: but they won't send their boys. You know. So the
36:57
Speaker 3: politicians were and getting together and making emotion to change
37:03
Speaker 3: the constitution so they could send troops offshore. And I
37:08
Speaker 3: was in Tokyo. I'm telling you there was at least
37:11
Speaker 3: a million people in protests, and I spoke to some
37:16
Speaker 3: and their view was if they changed the constitution, the
37:21
Speaker 3: military would seize power again, and they were afraid they
37:26
Speaker 3: would take them back to war.
37:28
Speaker 2: Doesn't seem real, right, pre but smart to distrust the
37:33
Speaker 2: military industrial complex. And while we're at it, I just
37:37
Speaker 2: want to mention a new book coming out. It's called
37:40
Speaker 2: America's Great Parking Scam. You've been robbed and I can't
37:48
Speaker 2: get it to go clearly on the camera.
37:49
Speaker 3: There we go.
37:50
Speaker 2: I have to cover up my face. But it's how
37:54
Speaker 2: you recognize these extractive, exploitative systems and what you can
37:59
Speaker 2: do about it. Coming out soon. Marty appreciate you coming on.
38:04
Speaker 2: Of course, Armstrong Economics highly highly recommend that you subscribe
38:10
Speaker 2: to Socrates. I'm a subscriber. Sometimes I have to use
38:14
Speaker 2: AI to figure out exactly what Marty is saying, but
38:18
Speaker 2: it's almost always right. So obviously he's tapped into something
38:23
Speaker 2: that the rest of us have only dreamed of and
38:27
Speaker 2: if you got any questions or comments, Klatcarrie LUTs dot com,
38:32
Speaker 2: just drop me a line, all right, Marty, Thanks, oh
38:35
Speaker 2: thank you.
38:35
Speaker 3: Take care of yourself.
38:37
Speaker 1: Thanks for listening to Carrie Letz's Financial Survival Network, your
38:41
Speaker 1: solution to today's trying times. For the latest, go to
38:45
Speaker 1: Financial Survivalnetwork dot com. Financial Survival Network
38:50
Speaker 2: Now more than ever,