Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡$56 or $150 SILVER!⚡- Be READY and Expect THIS Next - (Gold and Silver NEWS Update)

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⚡$56 or $150 SILVER!⚡- Be READY and Expect THIS Next - (Gold and Silver NEWS Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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Silver and gold investors, we're going to learn why we have such
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good times ahead for us today. This is the biggest live stream
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in the history of Ron's basement.
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There's it it never ends every single day.
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Are you noticing that like the good news, the good setup that
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we have in the precious metals is truly second to none.
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We're going to talk about OK oil shock and why this could be a
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rocket for for silver and gold. We're going to talk about this
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speculation about what the the government might do next week
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with silver. We've got Rashad with an
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unbelievable silver prediction going down the road.
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We have two top analyst 2 talking about $10,000 per oz
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gold. We got big interesting data
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coming out of the COMEX. There's so much more.
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Let's just get started by talking about this oil shock and
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what it could mean if we look at history, what what it could mean
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for the price of silver and gold.
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Before we do that, thank you for joining us down here in the
1:01
basement. Everything here is free, free,
1:04
free. All we ask you to do is press
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subscribe, leave a comment in the comment section and give the
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video a thumbs up. And by the way, upstairs, Susie,
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everyone's favorite, she's in IA today.
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I don't know if somebody left a comment in the comment section.
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Maybe she ran off with one of you guys, but she will be better
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and thank you to everybody who was so kind to her Hold on
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having some tech issues. There we go so kind to her
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yesterday on her birthday, Let's go talk about the good news for
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gold and silver and get right to this.
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Just Dario shared this and we've been there's a reason why this
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is huge. We've been talking about this.
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He said it only took one month for the mainstream media to
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figure out that this this out after I posted it for the first
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time. How nobody is prepared.
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OK, now we're gonna look at a chart below.
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Gold and silver did is gonna do exactly now what it did during
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the 1970s oil shock, he said. I might have been early, but I'm
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not wrong. OK, so remember the this is the
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recent headlines. Remember the oil shocks of the
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1970s? This is going to be worse, much
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worse. But here's why it's good news
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for gold and silver. Just Dario did post this on
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March 2nd, one month ago. Oil, gold and silver in the 1979
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during the second oil crisis that coincided with the Iranian
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revolution. Again, this is 1979 what, 47
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years ago? Nobody is prepared for this,
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even if the current market is perfectly set up for this to
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happen. So look at this chart.
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OK, the red line is the oil price right where he has it
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circled there in the 1979 oil shock of the blue line.
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As you can see, the rocket ship is the silver price and the
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green line is the gold price. But what makes this OK, even
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more incredible now that we're having a modern day oil shock in
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the entire world #1 the entire world is much bigger.
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The total addressable market of silver and gold is much huger.
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But on top of that, guys, this oil shock, when you compare it
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in size to what happened back then, the actual oil shock is
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even like multiples more severe. Think about it.
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We sat down here in the basement for two years, three years, and
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said that we were going into a period of time very similar to
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the 1970s when the silver price went from under $1.50, $1.50,
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under $1.50 per oz all the way to $50 per oz.
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I'm telling you right? And we're going to talk about
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$56 silver, don't you worry. But I believe the upside based
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on what we've been talking about for years is truly, truly
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incredible. OK, in the interest of Fair and
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balanced reporting, I'm going to share with you someone who
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thinks that Silver's going to go to $56.
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But does his story have a happy ending?
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Let's go out here. And then we got more charts,
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some really cool charts to look at for Silver, But this came
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from the economic office, OK, who shared with us Silver at
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$70. Way for correcting in its final
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stage, the wave W dropped this all this wave stuff, whatever
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the red trend line is still not broken.
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Without a break of this line, no upward move begins.
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OK, but when wave Y completes, wave 4 ends, then wave 4 begins.
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OK, that makes a lot of sense. But what I like is how he ends
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it. Wave 5 target $150.00.
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So I think this is that Elliott wave theory type stuff.
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Here's his chart right here. What he's saying is we got this
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big, but we got other charts to look at that are good news for
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Silver. He's saying we could go all the
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way down here into the mid 50s. However, according to his
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analysis, after that's completed, which would be
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painful, then we go wee way up. OK, way up.
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And he's saying $150.00 per oz silver.
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OK, we got more really fun charts to look at.
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Before we do that, I got to mention there's speculation.
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Let's put on our tinfoil hats for a second.
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Speculation. I'm hearing whispers of this and
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I don't I'm not predicting this is going to happen.
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It would be wild if it did. But there's some people
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speculating that next week the US government could officially
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set a price floor for silver. OK, this has to do with the with
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silver being included in the what is it called critical
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minerals list that's published by the United States Geological
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Survey. Remember that huge move?
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They finally, after decades of a saying silver's critical, put it
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on the critical minerals list. Here's a post that refers to
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this, and again, I will categorize this under
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speculation, but the guy's got an MBA economics.
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Quick question for the CME Group in the Comex.
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By any chance, will you be declaring a force, force
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majeure? That means we give up basically
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this weekend as Monday, April 6th marks the day that the
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United States of America and Mexico potentially announce a
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price floor on silver just in case.
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I plan, I plan to go very viral with this quote, tweeting this.
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So again, guys, hey, nothing's out of the realm of possibility,
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but like he said, potential and a lot of people are talking
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about this. If that were to happen, it would
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be wild. But we don't need that to happen
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because we got a falling wedge on the silver chart and that's a
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good thing. And we're going to look at that
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and then we're going to do a little bit of education.
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We're going to learn together. I learned about falling wedges.
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And there's some really cool, interesting things about a
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falling wedge pattern that we need to remember when we look at
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silver. But let's go out here and look
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at the falling wedge and then we'll do our little classroom
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session. Gold predictors says silver is
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compressing within a within a descending wedge after a sharp
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decline from recent highs. Price rebounds from support at
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$67, a $0.50 silver price while descending resistance near 77
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continues OK to compress the range, suggesting a potential
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breakout. Now, what I love about this,
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this is a wedge, OK? And, and don't worry, we're
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going to go. I got a whole nother thing to
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that. We're going to learn about
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wedges, but see how that's like a wedge, like a piece of wood
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that's cut like a wedge you could use for a doorstop,
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whatever. What I love about these is that
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is time goes on, right? There's time on the X axis.
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It's like the one, the one technical analysis tool that
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always has to resolve itself one way or the other.
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It's either price, because as this compresses, right,
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eventually it goes down to here. So the price has to either go up
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or sometimes it'll go down, break below what he's saying
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right now, right? Is that what we have is this
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wedge and eventually, right, we're going to look for an
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upward breakout. Now this is where it gets very
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interesting. I'm going to bring you out here.
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I did some research for us so we could learn together about
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falling wedge patterns. They're typically hold on, I
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need to get my crayons out bullish, which is good as they
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usually signal a reversal from a downtrend.
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OK, that's number one, but it gets more interesting or a
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continuation of an uptrend while the price makes lower highs and
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lower lows, the narrowing range suggest sellers are losing
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momentum before a potential upward breakout.
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OK, and check that out. OK, does that, that looks
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exactly that's not the exact same chart I just showed you,
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but it looks exactly the same. So as people get down here,
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right, and they, the sellers get exhausted because you're getting
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a lower lows but also lower highs and we're building a
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foundation from which the price right can break out.
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Now the other interesting thing, and I'm going to go back to this
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chart about wedge patterns besides wrong 1.
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Hold on, there we go. Besides them being typically
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bullish, another thing that I read is that the trend going
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into the wedge pattern, which here obviously we were on an
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uptrend, right, Going into the wedge pattern, that typically is
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how the wedge is then resolved. Meaning instead of going down,
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which is not going to do OK, since you went into it on an
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uptrend, you typically gets resolved to an uptrend.
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And when we think about all, I mean think about all the other,
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I'm not it. Look, I like looking at charts
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and I love wedge patterns because they always get resolved
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one way or the other. But when you think about all the
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other fundamental reasons in a big nutshell, the fiscal
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monetary reasons supporting silver and the industrial
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reason, supply and demand reason supporting silver, doesn't it
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make sense that it might break out to the upside?
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I think it will. If you want to get your hand on
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Ontario and Duparque in Quebec. We're going to talk about Rashad
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next, OK? And we love Rashad.
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He's one of the best analysts out there.
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But before I do that, my disclaimer, I'm not a
12:15
stockbroker. I'm not a financial advisor.
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Always do your own research, buying and selling anything,
12:21
stocks, bonds, mutual funds, bullying crypto currencies,
12:23
anything is always there's always risk involved.
12:26
So please be responsible. Now let's go to Rashad Rashad.
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Rashad has, and this is, I'll tell you what's cool about what
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Rashad's going to tell us about. He's, he's not talking about two
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or three months, two or three years.
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He's talking about two or three weeks in the future, right?
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Like right around the corner for the silver price.
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And Rashad has had this kind of annoying habit lately of being
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real accurate about things. And this is what he says.
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This is what I expect silver to do in the coming two to three
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weeks. By the end of next week, it
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could reach 80 to $85 per oz silver price area.
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And then by the third week of April, he's not even going out
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to the end of April. It could be challenging the
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triple digit figure. Take a look at this chart that
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he put together again, that looks like an ascending wedge,
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but nonetheless, he's talking about a breakout into that 85
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range and then obviously moving back up to $100 per oz silver.
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You may be saying, Oh, yeah, well, wait a minute.
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Remember what we looked at at the beginning of the show about
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what happened during the last time we had an oil crisis, that
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silver skyrocketed, OK, Gold skyrocketed.
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And remember, very important. The reason why we're paying
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attention to that is because this oil crisis is magnitudes
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larger, and it's happening more on a worldwide basis in the
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silver and gold market. Think about it back in 1979,
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yeah, China was important. India was important, the Soviet
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Union was important, but those countries now are much larger.
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India and China, I bet their economies are 50 times bigger
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now than they were back then. So when we look at an oil crisis
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on a worldwide basis, we got to broaden our lens, right?
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And the gold and silver market on a worldwide basis, it could
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get real interesting real quickly because guess what,
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guys? Gold and silver are a worldwide
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market that the United States is not.
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We're nothing like what we're, how do I say this, relatively
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speaking, It's a whole different game now comparing how the
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United States rules the world, even from a precious metals
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perspective now, as opposed to the way it was in 1979.
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Buckle up, butter cups. Did I beg you to subscribe?
14:59
Please subscribe. OK, let's let's move on.
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OK, All of this is happening right now.
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Right now as we are in the absolute worst historic time
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period on a monthly basis, OK, for gold, this is gold price
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seasonality brought to us by Co relation economics.
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And as you can see right we are on this chart right here, this
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is like typical returns on the gold price for different months.
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We are right there, right where I circled right where that green
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arrow is, is around a early April, as you can see.
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Then we move into a summertime period.
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It could be a really great summer, huh?
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I can see you driving around in a convertible just absolutely
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loving it. OK, Top analysts are calling for
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$10,000 gold. What's good for gold is good for
15:57
silver. But this is Jim Rickards best
16:00
selling author. He worked for, like, I think he
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worked in the Reagan administration.
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Jim Rickards is super respected, like a big macroeconomic
16:09
analyst, but he also loves gold. Let's listen to what he has to
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say about what we can expect for gold because Mr. Rickards,
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right, is about to knock it out of the park.
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And this came from, oh, wow. OK.
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He's calling for gold to hit 10,000 and silver 200 when
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right? I think him and Rashad are in
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the same camp by the end of 2026.
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I present to you Jim Records. Yeah, I've got gold going to
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$10,000, which at this point is it's going to hit $10,000 a lot
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faster than people think. And there's some interesting
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reasons for that. I mean, I we can win the
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fundamentals and explain why gold's going up.
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I'm happy to talk about that. But in terms of that price
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target getting there probably in 2026 and maybe not even that far
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into the year, there's a behavioral psychological
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phenomenon called anchoring. And the idea is you get an idea
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in your head, it could be a number theme or whatever, and
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you anchor one, and then you begin to filter all the data
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you're getting through that anchor.
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And it can change. But that's a very, very common
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phenomena. So people will look at gold and
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they'll have a number, let's say $1000 an ounce.
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So it goes from $2000 an ounce to $3000 an ounce.
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Now it's made its way to $4000 an ounce.
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And that took a while, took a couple years.
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I mean, percentage wise, these are good games, but that took a
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couple years. So they go, Oh well, $10,000 it
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seems like the dark side of the moon is going to take forever to
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get there. But the the math is that each.
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So if you have if you have 50 oz and it goes up $1000 an ounce,
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you made $50,000. OK, it goes up another $1000 an
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ounce, you made another $50,000. So you ranking on the 1000
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thousand dollar steps and the $50,000, which is all true, that
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doesn't change. But when you go from 2000 to
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3000, that's a 50% gain. When you go from 3:00 to 4:00,
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that's only a 33% gain. Well, when you go from 9:00 to
17:37
10:00, that's only an 11% gain. That's like a good month way
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gold's trading lately. So the point is people can't
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lose sight of that. So, yeah, three to four made it
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4 to 5 getting there. But you're going to 78910 really
17:45
quickly because. Because those are smaller
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percentage gains. Yeah.
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And that's something that people, you know, they
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extrapolate 2 to 3 how long it's gonna take the other.
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The answer is probably not very long.
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We're not at the frenzy stage yet, which is important because
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retail is not all in. And that was just down in
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Australia not long ago with the friends from ABC, Billy.
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And they've at an office in the central CBD central business
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district. And friend of mine sent me a
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picture. They were queued up around the
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block trying to waiting to get in to buy physical gold.
18:05
But that's recent, very recent. Yeah.
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The. Well, that's right.
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Doesn't happen around here. It doesn't.
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It does not happen in the United States. the US probably be the
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last to get there. You know, it's happening in
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China because they don't have too much else to invest in.
18:14
And it's sort of called on Australia, bearing in mind, I
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think their currency is going down against the dollar.
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So gold's going up even more in terms of their currency.
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So these are kind of at least mild psychological effects that
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that go beyond the fundamentals. And again, we've talked about
18:24
the fundamentals, but yeah, it's if you take 1971 to 1980, so
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gold went up 2300%. But if you but another way of
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thinking about it is gold didn't do anything.
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It's gold atomic number 79. It's an element as you can put
18:36
it into where it come back a year later, the same amount of
18:38
gold. So what's really happening when
18:39
gold does something like that? Well, what's happening is the
18:41
dollar is collapsing. So if you measure by weight of
18:43
gold, and that's, it's not arbitrary, but it's just a
18:45
metric measured by weight of gold, the dollar declined 95%,
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approximately 95%. So there's your dollar crash.
18:51
I was like, what's the dollar crash?
18:52
Well, it did measured by weight of gold.
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So that's starting to happen again.
18:56
That gets into a much bigger narrative.
18:58
The dollar did crash. You got to love it.
19:02
I mean, we don't love it. I don't love it.
19:04
I don't agree with President Nixon and what he did back in
19:07
1971. But he's talking about gold
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getting to 10,000 dollars way faster.
19:14
He said 2026 silver later on talks about $200 per oz.
19:19
Way faster than most of us, even us, right?
19:22
Can really, I think realize and accept.
19:25
But he brings up an important point, right?
19:27
When or when gold went from 3000 to 4000, that's like a 33%
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increase that feels really big, but it's only $1000.
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When it goes from 9000 to 10,000, that's only like what, a
19:41
1011% increase? So the higher the price gets,
19:45
that $1000 increase, while it's still nominally the same amount,
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it's a much smaller increase on a percentage basis.
19:54
The other thing that he brought up, which is absolutely true,
19:56
and we know this to be true, those of you who are joining us
20:00
today in the United States. That in the United States there
20:03
has not been a frenzy for gold and silver, maybe in Australia,
20:08
just starting, maybe in Asia right there, the demand for
20:12
physical, we know all those stories, we've seen all those
20:14
pictures. It hasn't yet started in the
20:16
United States. And when that happens, guys,
20:20
it's not going to take a lot because right now you and me, us
20:24
basement dwellers that are into gold and silver, we are a small,
20:28
tiny fragment of the overall United States population in the
20:33
United States is still the wealthiest country in the world.
20:35
We're like one in 100 people. Those other 99% people, it's
20:39
been a few weeks. So sheep noise warning, we like
20:42
to call those people the the sheeple, the sheeple when they
20:49
wake up, right? We're one in 100.
20:53
If we get 5 in 100 people that decide in the United States that
20:57
I better get my hands on some gold and silver, right?
21:01
Well, guess what? That's like 4 to five times more
21:04
money coming into the sector in the United States.
21:07
And that's all new money. On top of that, these are, this
21:12
is new money, right? A lot of us, we joked around
21:15
over the last 5-10 years in the precious metal sector.
21:18
We were like a gymnasium full of people trading silver and gold
21:21
and precious metals mining stocks.
21:23
If we go from that 1% to 5%, that's all brand new money
21:28
coming in. But there's another little
21:30
secret. They might have a hard time
21:33
getting their little hands, their little sheep hooves onto
21:39
silver and gold because the retail level of gold and silver,
21:44
silver in particular, is very sensitive, very fragile.
21:48
It's very slim. It takes just the smallest
21:51
increase in demand. We saw it just recently back in
21:54
January, February, right where the big online bullion dealers
21:58
were saying there were 5-6 weeks delays to ship.
22:01
Minimum order levels were raised up to 500.
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I think 1, even $5000. Think about it.
22:08
Think about what's going to happen when those people in the
22:10
United States, when they go to the grocery store and they're in
22:14
their hubby or their wife says, could you pick up a gallon of
22:16
milk And that gallon of milk cost them $12.00.
22:20
And they freak out, right? That next wave of inflation when
22:24
it hits, OK. But think about this other
22:27
powerful fact. It's going to happen much
22:29
quicker because we got these things, cellular telephones,
22:34
right, where people communicate way faster now than they did in
22:37
19, 79 way faster. But the other major kicker,
22:41
which makes it so much more sad for them, but exciting for us
22:45
that have already moved into silver and gold is now people
22:49
buy silver and gold on these things on their phones, on the
22:53
Internet, online bullion dealers, right?
22:56
They don't have to get in the woody wagon and drive the local
22:59
coin shop and wait in line and hope that there's some silver,
23:03
right? That's kind of that's kind of
23:05
like becoming more. I love local coin shops, but
23:08
it's becoming a little more old fashioned now.
23:11
People get the information instantaneously and they can buy
23:15
the silver instantaneously on their phone and it wipes things
23:20
out way, way faster. I don't hear anybody else
23:24
talking about that. Like we talked about stagflation
23:27
down here 3-4 years ago. Now everybody's talking about
23:31
it, right? We've talked about the
23:32
tokenization of gold way before, and I'm telling you the other
23:36
thing that is absolutely going to happen is the retail silver.
23:42
OK, I don't have a crystal ball. Maybe I'm wrong, but I know I'm
23:45
not retail silver. When the real frenzy, as Rickard
23:50
said, hits, it's going to be lickety split.
23:53
It's going to be gone. All those people are going to
23:58
say I can't find any silver, right?
24:01
It's going to be wild. It's going to be interesting.
24:04
The other thing that we want, oh, we need to talk about the
24:06
Comex, very interesting situation at the Comex at the
24:10
paper digital market for gold and silver.
24:14
The other thing I want to touch on briefly this morning.
24:17
So apparently some great jobs numbers came out.
24:20
I don't even talk about that stuff anymore.
24:22
To me, it's such fiction at this point.
24:25
I think they claim they created 178,000 new jobs, whatever.
24:30
Like the number of Americans that aren't working is at record
24:33
highs. I'll ask you a simple question.
24:36
How does the economy feel to you?
24:38
I think we know the answer to that.
24:40
I think things are slowing down precipitously right now.
24:44
I'm getting word from my contacts out there in the
24:47
employment field, in the construction field, and a lot of
24:51
different fields that things are just in the last 3-4 weeks
24:55
really slowing down. So they can print all these
24:58
fantasy Bureau of Labor and Statistic numbers that they
25:02
want, but I'm not buying it. OK, let's talk about why there's
25:08
been some very peculiar, interesting developments at the
25:12
COMEX in the LBMA. First, we have this, both silver
25:16
and gold. Hold on, make sure I got it
25:18
right. OK, here we go from our friend.
25:21
Make gold. Great again, man.
25:22
He is short. He is short with his tweets, but
25:25
he is dead on. He says nothing.
25:28
Nothing is more suspicious than nothing at all.
25:33
And he retweeted this from Bob the billionaire.
25:36
He says not an April Fool's day joke.
25:39
OK this is serious. Comex Silvervault report showed
25:44
zero activity all day yesterday. 0 deposits, 0 withdrawals, 0
25:51
reclassifications. I can't recall the last time
25:54
this has happened. The CME bank run took the day
25:58
off I guess. OK, so very peculiar earlier,
26:02
but then couple that with what's going on on the gold side.
26:06
This comes from TF Metals report.
26:09
On the gold side, he says, well, they did it.
26:11
The total open interest for Comex Gold finished Wednesday at
26:16
357,136 contracts. I have a spreadsheet where I
26:21
posted every daily open interest total since January 8th of 2012
26:29
and the and yesterday our Wednesday's total 357,000 is
26:34
lower than anything I've recorded in 14 years.
26:39
What does this tell us right? Several people have commented on
26:42
this, right? Are the rats leaving the sinking
26:47
ship of the COMEX? Are people realizing, as we
26:51
know, activity on on the silver side on the COMEX has been very
26:54
low as well? Are the rats leaving the sinking
26:58
ship? Nobody wants to trade in a
27:02
rigged casino. And we know the paper price on
27:06
the COMEX and the LBM and the LBMA for that matter as well has
27:10
been rigged and manipulated for years.
27:12
We know that over the last decade there have been cases
27:17
brought and successfully prosecuted that proved that some
27:21
of the biggest financial institutions in the world rigged
27:25
the price of silver. OK, people know.
27:28
People are waking up. China knows.
27:31
India knows. Think about what India just did.
27:34
India said we are no longer using the LBMA price to LBMA
27:40
silver price or gold price. I'm not sure about gold, but for
27:44
sure silver to, to price our ETFs, right.
27:48
People are waking up all around the world to what is really
27:52
happening right now in the silver and gold markets.
27:56
We are in a new era, guys. Congratulations to you if you
28:00
bought silver in the 20s, thirties, 40s, even 50s.
28:07
Look again, I don't have a crystal ball.
28:09
Anything can happen. But we are set up, I think to to
28:14
experience not just like a year, but I think a decade, right
28:19
where we're we're having purchased physical metals,
28:23
right? This stuff here it is again, 5
28:26
oz bar, right? Look at that.
28:28
How can you not love that having purchased this and holding this
28:33
right is going to be something that you will be very grateful
28:36
for, which you had done in the past.
28:39
Thanks again for being part of this incredible community, The
28:43
basement dwellers, right? Look, the main economy, the
28:47
world, even the silver and gold markets, We will navigate these
28:51
choppy waters together. There's going to be a lot of
28:54
volatility, OK? I'm not going to sugarcoat it.
28:56
There will be volatility. There will be days where we feel
29:01
like, Oh my gosh, you know, I don't, you know, like, like gold
29:06
and silver aren't, aren't a smart thing to do anymore.
29:09
That is normal, OK? We always have to remember to
29:12
take a step back, right? Communicate with each other and
29:16
support each other and realize, right, that the big picture for
29:21
silver and gold, the fundamentals, right?
29:23
Ed Dowd, Jim Rickards, all these Pierre Lausanne, the the list
29:29
goes on and on. Who's the guy that started
29:32
Bridgewater? Ray Dalio, right.
29:35
Who's the guy that started Double Line Capital?
29:37
Jeffrey Gunlock. And my memory is actually
29:39
working this morning. These people know, right?
29:43
The it's a sinking ship. It's like, it's like Jim
29:46
Rickards just said this thing. I don't know what it is. 95%
29:53
paper dollar. Paper dollar, right, has lost
29:56
95% of its value in just over what, the last 40 years.
30:01
I mean, it'd be different if it lost 10% or 20%, but it's lost
30:05
all of its percent. We know for sure one thing.
30:10
Silver and gold are the world's original and always reserve
30:15
currency. They are the original form of
30:18
money. Some people call them God's.
30:20
Might call it God's money. Nature's money.
30:22
No matter what, no matter how you say it, right?
30:25
Yeah. These little Fiat experiences,
30:27
they pop up from time to time. They've happened, right?
30:30
Gold and silver for thousands of years have seen all types of
30:34
Fiat paper money come and go and gold and silver have always
30:39
emerge merged, 100% successful, just like I think we will as
30:44
well. Thank you for being here.
30:45
Please don't forget to subscribe.
30:47
Give it a thumbs up. That helps get the word out to
30:49
more people. But most important, I want to
30:52
see you down here in the basement again.
30:54
Have a great day and I'll see you.
30:57
And yes, I do see you. I'll see you soon.
31:00
Bye bye.