Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💥$100 Silver ALERT!💥 You MUST SEE This First ($7000 Gold Price too)
Transcript
- 0:01Silver price floors from the United States government, $100
- 0:05silver, and we're hearing from a top analyst that we may have the
- 0:09most bullish setup ever for the silver price.
- 0:13Of course, we're going to talk about gold as well, but let's go
- 0:15out and look at the big stories breaking right now because today
- 0:19is a very active day full of much noise.
- 0:22Actually, here we are at Kitco. We're first going to check
- 0:25silver up in the spot market, $76.22.
- 0:30Remember about a week ago, I think it was 7273.
- 0:32So we're doing well there. But let's go out to CNBC and get
- 0:37the five big headlines of the day and the reasons why these
- 0:41are important. Number one, we still have major
- 0:44issues in the Straits of Hormuz, guys.
- 0:47That is going to just create unbelievable turmoil in the
- 0:51world economy the longer this drags on.
- 0:55We talked about how any any truce that we have right now is
- 1:00at best fragile. We have the Iranians claiming
- 1:02victory. We have the Americans claiming
- 1:04victory. Look, we're just kind of
- 1:06watching what's going on. But let's just say that the
- 1:09situation in the Middle East still continues to be tenuous at
- 1:14best. Next, let's talk about the next
- 1:16headline. New inflation data came out this
- 1:18morning. We're going to touch on that a
- 1:20little more here and why that is so important.
- 1:22And then Wash, they're doing, they're trying to get him
- 1:25nominated to the Federal Reserve.
- 1:27He will be Mr. Donald Trump's puppet.
- 1:31I don't know what however you want to say.
- 1:32He's going to do whatever Trump wants when he gets into the into
- 1:36the Fed. And that will mean easy monetary
- 1:39policy. Wash was part of the disaster
- 1:43control situation after the great financial crisis.
- 1:47But let's go out to inflation real quick.
- 1:49Headline from CNN in this is important.
- 1:53I'll tell you the reason why. As US inflation tripled last
- 1:57month on record spike in gas prices.
- 2:01There is nothing that is going to be a tailwind, A beneficiary,
- 2:05A supportive factor, whatever you want to call it, a best
- 2:08friend of the gold and silver price like inflation because
- 2:12inflation is devaluation of the dollar.
- 2:15The dollar buys less. That will continue.
- 2:19OK. There will be short term noise,
- 2:21all kinds. We'll have more today, we'll
- 2:23have more next week, next month, whatever.
- 2:25There will always be short term noise, but over the long term
- 2:30inflation being higher, which it will absolutely be, will be Uber
- 2:35supportive for the price of gold and silver.
- 2:37When you couple it with the fact that we've got a slowing economy
- 2:41guys, we're getting reports from Walmart that are that are very
- 2:45scary, Home Depot very scary, CarMax very scary.
- 2:49We're going to dig into that more tomorrow during the the
- 2:52live stream. But as the economy slows down
- 2:55with high inflation, the Fed is this is trapped, right?
- 2:59They can't lower rates because that'll make inflation go higher
- 3:02and higher and higher. And they can't raise rates
- 3:05because to fight inflation because that'll make the economy
- 3:08slow down more. It's called stagflation.
- 3:12OK, the S word, not the F word, the S word.
- 3:16Sorry, I have a little bit of a lisp.
- 3:17OK, and stagflation that right. If if you go to the, if you want
- 3:21to, you want to see something funny, go to Washington, DC and
- 3:25stand outside the Federal Reserve Bank and all you got to
- 3:27do is in a, in a high voice, say stagflation.
- 3:31And they all scatter out of the building like mice.
- 3:36Because in the 1970s we had stagflation and we talked about
- 3:41this ad nauseam. Things are very similar now to
- 3:43the way they were in the 1970s. And in the 1970s, my fellow
- 3:48basement dwellers, silver and gold lovers, silver and gold had
- 3:52returns priced in U.S. dollars like no other time in history.
- 3:59And this time it doesn't just rhyme it like double rhymes.
- 4:03What, what we're going through right now, even when you overlay
- 4:06say the inflation chart versus now versus what we had then, big
- 4:10prediction two weeks from now, Don't throw eggs at me.
- 4:14This may upset you. What I'm about to say.
- 4:17I'll start with a good part. 2 weeks from now, we're either
- 4:20going to have a silver price at $86 or worst case scenario, a
- 4:27silver price at $66. There's going to be no in
- 4:30between, OK, and I will come back on two weeks. 3 weeks from
- 4:34today. I will eat crow if I'm wrong on
- 4:36that. We're going to go One Direction
- 4:38or the other. I believe we're going to go to
- 4:40the higher. I study all the charts.
- 4:42We're going to dig into some charts right now, some good news
- 4:45about gold and silver. We're going to talk about the US
- 4:48government putting price floors in for silver and the most ever
- 4:51bullish setup in the history of the universe for the silver
- 4:55price. But let's go to the charts
- 4:57first. Let's go to Northstar band.
- 4:58We're going to start with the bad chart.
- 5:01He's living up to his name here. Northstar, I think it's called.
- 5:05Yeah, Northstar. Bad charts put this out.
- 5:08Silver is absolutely right now poised to give a resolution.
- 5:13Something's got to give, guys. We're prepared for either way.
- 5:17Now we're going to look at some more optimistic charts.
- 5:20But what he's showing on this chart right here is the steady
- 5:24green support line that we had for Silver that on his chart,
- 5:29the silver price broke back down through.
- 5:31And now as you can see, we're in a wedge.
- 5:34Wedge patterns are our favorite because they always will be
- 5:38resolved within a certain period of time, and in the next few
- 5:42weeks we're going to know either higher or lower.
- 5:47My what? My undie drawing.
- 5:52Oh, of the wedgie. Oh, yeah, well, it would take
- 5:56me. Sorry.
- 5:56That was upstairs. Susie.
- 5:58Yeah. For those of you who've been
- 5:59around for years, I have a wedgie.
- 6:00We're in a wedgie pattern right now with a pair of tighty
- 6:04Whitey's. I'll dig it out and show it in
- 6:06the future stream. But yeah, a wedgie, right?
- 6:09Like tighty whitey's. Anyway, it will break out one
- 6:12way or the other. He's saying more likely to the
- 6:14bottom. Sorry, Susie.
- 6:17Has me laughing and a little bit off track here, but let's go to
- 6:21some optimistic charts. All right, this one comes from
- 6:26the one and only the Economic Office, who points out silver is
- 6:32now broken above the trend line. The structure is clear.
- 6:36The prolonged correction was completed in the 7250 to
- 6:4074507450 range. Price broke the descending trend
- 6:46coming from the February peak. The broken zone is now acting as
- 6:50support main target $150.00 silver.
- 6:54We like the economic office. And as you can see, right, what
- 6:57he's drawing is that red line that my cursor is moving upon in
- 7:03that we have now like solidly broken out guys we've talked
- 7:06about and you can see these wedges.
- 7:09Hold on a second, Let me get my red markers out.
- 7:11You can even see right, right, if you make this into a wedge
- 7:16that we have broken out the old wedgie pattern once again.
- 7:20But we talked about the importance, the absolute
- 7:23importance of the fact that we need to hold the $72 price in
- 7:28silver. That's my line in the sand.
- 7:30We get below that. We get into the 60s like it's
- 7:33possible, right? Then we start to get a little
- 7:35concerned, not, not, not concerned long term when it
- 7:40comes to silver. It's bright, bright blue skies
- 7:43when it comes to silver, but concerned that it may take a
- 7:45little bit longer to consolidate at these levels.
- 7:49But consolidate, we may have already consolidated.
- 7:52We may be now moving. It's been two months, I thought,
- 7:55did you, have you realized that from the end of January where we
- 7:58had that massive crash in the price of silver, right, January.
- 8:02I'm going to count on my fingers for you.
- 8:04February, March, we went through over two months, two months and
- 8:09and 10 days, almost 10 weeks that we've been consolidating
- 8:15more in this range of let's say 80 to $65.
- 8:19Maybe it's over, right? Maybe quite possibly in two
- 8:22weeks we could be $86 plus in the silver price.
- 8:26Nothing is out of the questions. While we're looking at charts,
- 8:28let's go check out another bullish chart from the one and
- 8:32only Rashad, who says I expect gold to reach.
- 8:38I hold on one. Did I forget to share that?
- 8:39I did. Let's go back.
- 8:41There's Rashad. Sorry about that, guys.
- 8:43Rashad says I expect gold to reach $7000 plus by July of
- 8:502026. Poster not investment advice,
- 8:54average advance. And he says that because the
- 8:56average advancing cycle is 3 to four months, the present
- 9:00advancing cycle started in early April.
- 9:04All right, and there we go, more wedges.
- 9:06I tell you what, everybody's catching on to the old wedgie
- 9:09pattern. And what he's seen is US
- 9:11breaking up out of this wedge, getting up to $7000 gold price
- 9:16by the time we get to early summer, which we won't complain
- 9:21about. Next, we're going to talk about
- 9:23one of the Ogs. You know what OG is?
- 9:27That's an original gangster. It's a compliment in the world
- 9:32of precious metals, in particular in the silver world.
- 9:35Ed Steer, who's telling us that we likely have right now the
- 9:39most bullish setup that he's ever seen in the history of the
- 9:43universe and the history of Ron's basement.
- 9:46By the way, don't forget to subscribe.
- 9:47We're going to get to that next. I do want to say thank you to
- 9:50Brixton Metals for sponsoring Ron's.
- 9:53They are a Canadian metals exploration company.
- 9:56They have 4 incredible exploration projects, all in
- 10:00Canada and North America. You can learn more about them at
- 10:03brixtonmetals.com and our friends at First Mining Gold.
- 10:07The Canadian gold development stage, advanced development
- 10:11stage company. That means they have two, They
- 10:13actually have two big massive gold projects in Canada where
- 10:17the gold is already been drilled determined.
- 10:20They're working it through the development stage, working up to
- 10:23being able to build a mine spring pool in Ontario and Du
- 10:27Parquet, which I visited in Quebec, both of which have multi
- 10:32million ounce ounces of gold in the ground.
- 10:35You can learn more about them at firstmininggold.com.
- 10:38Let's go listen to what Ed Steer, why this is important,
- 10:43right? Because this guy has been
- 10:45following silver for a very long time.
- 10:49He worked with Ted Butler. Ted Butler is like passed away
- 10:52way. Unfortunately, he's like a God
- 10:54within the world of silver. And wait till you hear what he
- 10:57says about what Ted Butler would be doing right now if he were
- 11:00still with us. This is super interesting.
- 11:03It's the beginning of a clip on hold on.
- 11:07Oh, here, let's go here first make go great again who we love.
- 11:11So we have a wildly bullish setup in the Comex silver
- 11:14futures market. The lowest short position held
- 11:19by the eight largest traders in history in history.
- 11:25The stage is set for an absolute moon shot rally.
- 11:28Now let's go out here. I'm going to pull this up.
- 11:31This is Ed Steer. He was on liberty and finance
- 11:34with Dunnigan Kaiser and we're just going to listen to the
- 11:37first minute here where Ed talks about this setup.
- 11:40Here we go. Make sure we got that on.
- 11:43Oh, here we go now I got it up for you.
- 11:45Sorry about that. Here we go.
- 11:48If Chad Butler were still with us today, I know I'd have to fly
- 11:51down to Jupiter, FL to peel them off the ceiling.
- 11:54That's how we absolutely off the wall bullish.
- 11:58This is so we have low total open interest, a wildly bullish
- 12:02set up in the COMEX futures market, the lowest short
- 12:05position held by the by the eight largest traders in
- 12:08history. And I'm sure when the bank
- 12:11participation report comes out this Friday, we'll see that that
- 12:14the US bullion banks have held the lowest short position in
- 12:17silver on record. So the stage is set for an
- 12:20absolute moon shot rally and all four precious metals and a whole
- 12:24bunch of other commodities. This is Kaiser Johnson with
- 12:28Liberty and Finance. All right, that was on the
- 12:30Liberty and Finance channel. I couldn't write fast enough.
- 12:34Did you take notes? Here's my notes.
- 12:37Compare them to your notes. Off the wall bullish.
- 12:40He said if Ted Butler were still alive that Ed Steer would have
- 12:44to fly down to Jupiter, FL and peel him.
- 12:47You might have to peel me off the off the ceiling that he
- 12:51would be so excited. OK, the lowest short position in
- 12:54history. All four precious metals.
- 12:57What would that be? Gold, silver, platinum,
- 12:59Palladium are set up for moon shot rallies as we're moving
- 13:05into an incredible bullish period for the metals.
- 13:08Don't forget if you want to get your hands on some silver, if
- 13:11you believe right, then silver. Check out channel sponsor first
- 13:15meant I'll run you out to their website really quickly.
- 13:18You guys, Susie said it to me this morning.
- 13:21We were talking about the sponsors and she said people
- 13:23just absolutely love first meant here's their website
- 13:28firstmeant.com and as you can see there's our Las Vegas round
- 13:34there we go the Liberty Bar. I just got one of those
- 13:36yesterday. It is incredible.
- 13:38All types of great products, all types of great service as well.
- 13:44You can I mean great company, great prices, great service,
- 13:48great selection and but these are world class, right, unique
- 13:53bullion products that they make at their mint in Las Vegas, NV.
- 13:58Here's the here's the I'll show you the backside.
- 14:01I took it out of its plastic. I don't know about you, but I
- 14:03love I'm bad. I know you're not supposed to
- 14:05touch your silver, but I touch mine because I just love it
- 14:08there. Look at that.
- 14:10You can you can look at that is just so perfectly reflective.
- 14:15That's the backside of that liberty bar that they just came
- 14:20out with. And really the camera is not
- 14:23doing this justice. It like it like reflects and
- 14:26sparkles in the light. So thank you first man.
- 14:29Don't forget there is a discount code VIP like very important
- 14:34person RB like Ron's basement. Easy for you to understand.
- 14:38Are we about to hear about price floors?
- 14:42That would be massive news. Price floors for a price floor
- 14:46for silver, meaning that our government basically comes out
- 14:50and says the minimum price of silver is set at $70.80 dollars.
- 14:56Who knows, maybe they say $200, Maybe Michael Oliver's on to
- 15:00something that we don't know know about.
- 15:02But nonetheless, this would be massive, massive news.
- 15:06Do we have hints? Let's look at some evidence that
- 15:08we may have some hints that that could be coming and coming
- 15:12sooner than a lot of us maybe realize.
- 15:16This first one came from the NBA economics who shares this with
- 15:23us. The CEO of Scottsdale Mint, Josh
- 15:27Phillips fair highly respected guy in the world of silver and
- 15:30gold is implying that the European Union and Japan are in
- 15:36negotiations regarding silver and more specifically silver
- 15:41price floors. We'll talk.
- 15:43Well, I'll show, I'll show you why that relates to the United
- 15:45States. He overseas one of the largest
- 15:48private private mints in the world based out of Arizona.
- 15:53Think about it. He definitely knows more than
- 15:56you and I do. Now let's pull up.
- 15:59Hold on here. Is this the right one?
- 16:02Bear with me. Yep.
- 16:06Here we go. Well, hold on.
- 16:09I want to go back here. And he put this.
- 16:12This is Josh's tweet. Formal negotiations with the EU
- 16:16in Japan are targeted to commence this month.
- 16:19Cheap silver. Silver is now on the credit
- 16:21critical mineral list and the US government is putting in a
- 16:25floor. He said that, excuse me, on
- 16:30February 23rd. You're not on.
- 16:32I am not on the right screen now.
- 16:34I'm on the right screen. Sorry.
- 16:35Thank you upstairs, Susie, this is what Josh Phillips fair said
- 16:39again, right? He's the founder and CEO
- 16:42Scottsdale Mint, OK, also Co founder and CEO, the Wyoming
- 16:47Reserve Opportunity Zone Fund Corp.
- 16:49Now let's go over here because it gets more interesting, more
- 16:53more evidence that this could quote UN quote be happening.
- 16:58Critical minerals including silver will be the next major
- 17:02investment narrative. Now is the time to load up on
- 17:04the metals and producers before the announcement of the
- 17:08impending bilateral treaties, not after in This is where it
- 17:12gets interesting Bloomberg. Yes that the Bloomberg is
- 17:16talking about this EU and US near critical minerals deal to
- 17:21combat Chinese control. And if you go down here to the
- 17:25beginning of the second paragraph, it says the potential
- 17:29deal would create incentives such as minimum prices that
- 17:35could that could advantage non Chinese suppliers according to a
- 17:39draft of an action plan seen by Bloomberg.
- 17:44Bloomberg is basically saying that they saw an action plan, a
- 17:49plan of action for this initiative and it includes what
- 17:54they say, minimum price floors. OK, agreements between Japan,
- 17:58the EU, the United States. Guys, this could be happening.
- 18:01We could be seeing real tangible price floors for the price of
- 18:06silver. Nothing's guaranteed.
- 18:08Don't make any financial decisions based on that.
- 18:10But it's getting very, very crazy.
- 18:13Interesting. And oh, boy.
- 18:18OK, let's talk about the silver. One man, one man, Is it you?
- 18:24One man who owns, I think, but 15,000,000 ounces of silver,
- 18:30physical silver, not futures contracts, not paper ETF, none
- 18:33of that, no real physical silver.
- 18:36I call him the new Hunt brothers.
- 18:38David Bateman. We're also going to now refer to
- 18:41him as the Fort Knox of silver in the United States.
- 18:44He's an American citizen. He's accumulated massive amounts
- 18:48of silver. He has something incredibly
- 18:50powerful yet simple that's going to make total sense.
- 18:54You're going to feel warm and fuzzy about your decision to own
- 18:58silver and likely gold as well. After we examine what he
- 19:02recently said, this is this is super powerful.
- 19:07There he is. David Bateman points out that
- 19:12the dollar supply is now growing at 7% per year.
- 19:17There's more dollars being printed every year, OK, but
- 19:21that's being done with decreasing demand.
- 19:27Nobody wants treasuries. People are selling treasuries.
- 19:30The demand for the dollar is going down and vast counterparty
- 19:35risk. So three things when it comes to
- 19:37the dollar, the supply is growing, the demand is
- 19:41decreasing, and there's definitely counterparty risk.
- 19:44Counterparty risk means that the value of something is dependent
- 19:48upon somebody else. With the US dollar, it's
- 19:51dependent on the success of the United States government.
- 19:55It's, it's, it's based on paper, it's based on trust, right?
- 19:58That that there's going to be value in the dollar.
- 20:00There's a counterparty to it, gold.
- 20:03And wait till you hear about silver.
- 20:05Gold supply is growing OK, but only at 1.5% per year.
- 20:10But it also has increasing demand and 0 counterparty risk.
- 20:18But wait, there's more. Because silver.
- 20:21That's the supply of silver is actually shrinking by about 6%
- 20:28per year. And when it comes to demand for
- 20:32silver, it's wildly increasing. Oh, and by the way, there's also
- 20:370 counterparty risk when it comes to silver.
- 20:41He says our minds are as malleable as our store of value.
- 20:46OK, so that's the American right?
- 20:51Hard asset physical. He's the Fort Knox of silver for
- 20:56America, right? It's real metal.
- 20:58He owns it. Let's compare him to the
- 21:01Chinese. Remember the David, he's David
- 21:03Bateman, David verse Goliath, who's the Chinese billionaire
- 21:08who has a massive short position in the Shanghai Futures
- 21:13Exchange, which is China's paper silver market that the Chinese
- 21:17government is cracking down on. And there's some real
- 21:21interesting data coming out about what's happening with the
- 21:24Chinese, the Chinese billionaire and what he's doing with silver.
- 21:32Silver trade says there's four trading days remaining, probably
- 21:363 at this point for the Chinese silver short Mr. beyond Ji Ming.
- 21:41Hold on one second. He has a voice instrument
- 21:49problem there. His name's Bian Ji Ming.
- 21:52OK to cover or roll, which means he has to either buy back or
- 21:57roll, which means move the next period.
- 22:00Chinese authorities may not allow him to roll to to do the
- 22:04latter. 450 metric tons of short silver futures.
- 22:09Reminder. OK, important.
- 22:12Mr. Beyond is naked, short. That's almost 14 and a half
- 22:17million ounces of silver on the Shanghai Futures Exchange that
- 22:23has a total inventory of only 12 million oz.
- 22:28So think about it. In the United States, we have
- 22:29David Bateman, who has 15,000,000 ounces of silver
- 22:34physical that he's obviously long on.
- 22:36And in China, Beyond is short, naked short, right?
- 22:40He sold it without actually owning it.
- 22:43Almost the same amount of silver.
- 22:45It really is like David Bateman versus the paper tiger.
- 22:50If Beyond is forced to cover, it would trigger the mother of all
- 22:53silver. Wow, what's that word?
- 22:56What's a short squeeze? We haven't talked about that for
- 22:58a while. Hold on the silver short
- 23:02position on the before. OK, there we go.
- 23:05More data there. So very, very interesting.
- 23:08That could be catastrophic for the worldwide silver market if
- 23:13he is forced right to cover his position.
- 23:17It is getting super, super interesting.
- 23:20Guys, please, if you've enjoyed your time in the basement as
- 23:23much as upstairs, Susie and I. Oh, OK, hold on.
- 23:29I'll see if Susie wants to say hi.
- 23:31Could you please say hi to all the basement dwellers?
- 23:33Hi, welcome and happy Friday. You've got a new question on
- 23:43here too. Maybe say hi to him.
- 23:44Gorilla. Gorilla.
- 23:45OK. Hi, Gorilla.
- 23:46Nice to see you. Welcome to the basement.
- 23:49You got the nicest people ever that are part of this basement
- 23:53dweller community. Loving silver and gold.
- 23:57All right, let's go out and say hi to ODBG.
- 23:59Oh, I was going to beg you guys to also subscribe to the
- 24:02channel. Susie loves that.
- 24:05Let's go out here. Hold on, ODBG.
- 24:08There he is. ODBG.
- 24:10Not only are you famous in real life, but you're now famous on
- 24:13the Internet. Thank you for the Super chat.
- 24:16Old dirty bastard Garage. He's been around the basement.
- 24:21He goes from the garage to the basement for many years and
- 24:25always loved him. Thank you so much, my friend.
- 24:27Welcome to Mr. Gorilla. Hey, don't forget two guys.
- 24:31Where is it? Here it is, right?
- 24:33Don't forget I got dirty man safe.
- 24:36If you want a fun, creative way, like it's been working for
- 24:40thousands of years to store things.
- 24:42I mean, I just saw the other day, somebody in, I don't know,
- 24:44somewhere in Europe found like, like all these silver coins
- 24:47buried in the ground. That's what you do with The
- 24:50Dirty man safe. OK, right.
- 24:52You dig a hole. I'll be quick.
- 24:55There's the safe itself. You dig a hole, you get this
- 24:58tube, you put the tube down in the hole, you put whatever you
- 25:01want. This is their micro version.
- 25:04I think they call it crypto version all right it opens at
- 25:07the bottom here. For instance, I'll just show you
- 25:115 oz silver bar beautiful. I love it from first mint.
- 25:15It put that in there right seal it up.
- 25:18These things are so cool. I mean they really are seal it
- 25:22up right. This goes down in there, you got
- 25:24a cap, it goes over the top and the like.
- 25:28Everything is first class on these.
- 25:29The stainless steel handle there, you bury it, you put your
- 25:32keys in there, you put whatever you put.
- 25:34None of my business what you put in there.
- 25:36OK, And you don't want to tell anybody where you got it, but
- 25:39there's a discount code. Ron 10, you'll get a discount
- 25:43and maybe a couple little freebies thrown in as well.
- 25:46Ron, like my name, 10, like the number 10.
- 25:50OK, what did I forget? Am I forgetting something?
- 25:53Let's check in with upstairs. Susie.
- 25:55Hey, Susie. Am I forgetting anything?
- 25:57I don't think so. You're doing great.
- 26:05OK. All right, guys.
- 26:07Thanks again for coming down here.
- 26:09What a what a fun. What a fun journey we're on
- 26:11together. And it's only because of you.
- 26:14Look, without you, it's just a dark, dank basement.
- 26:17Have a great day. We're in for some great times in
- 26:21the precious metals market. And I'll talk to you guys soon.
- 26:23Bye. Bye.