Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 👻 Silver Stacker! 👻 - Something Strange is Happening - (Gold & Precious Metals Price NEWS Update)

Transcript

👻 Silver Stacker! 👻 - Something Strange is Happening - (Gold & Precious Metals Price NEWS Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  The silver price can eat right through $50 faster than we can
• 0:05
  even imagine. We've talked about that in the
• 0:08
  past, but in this video, we're going to talk about a couple new
• 0:11
  reasons why the move for silver through $50 may come a lot
• 0:16
  faster and at a much more rapid pace than many of us can even
• 0:20
  realize right now. But there's also some weird
• 0:22
  things going on in the precious metals markets.
• 0:26
  Very strange behavior. We're going to take a look at
• 0:28
  that as well. Could the wheels be falling off
• 0:31
  the bus? Are the wheels falling off the
• 0:33
  bus on the paper manipulated price of precious metals?
• 0:38
  We're going to talk about all that and a whole lot more.
• 0:40
  Most important, thank you for being here.
• 0:43
  You're important. You've chosen to join me down
• 0:45
  here in the basement. It's a big deal.
• 0:47
  I hope you feel like you found a new friend, a little home away
• 0:50
  from home. Please subscribe, subscribe to
• 0:55
  the channel. It's still free.
• 0:57
  We're running that special. All you got to do is press
• 0:59
  subscribe. You don't have to pay anything,
• 1:01
  but what you do have to do is come back and join me down here
• 1:04
  in the basement. We love to talk about silver and
• 1:08
  gold and protecting ourselves, share it with your friends, all
• 1:11
  that great stuff. All right, let's get started by
• 1:13
  taking a look. Today's a crazy day in the
• 1:16
  precious metals markets. There's a couple key things
• 1:18
  we're going to look at that I think indicate to us that we
• 1:21
  might be in for a turbulent period ahead.
• 1:27
  OK, first, we're going to go out here to CNBC and look at the
• 1:31
  silver futures price. This is the December contract.
• 1:35
  We are up almost $1.70 at one point.
• 1:38
  Earlier, it was nearly $2.00 per oz in the futures market.
• 1:43
  Let's take a look at the gold price next, $48 silver.
• 1:48
  Let that sink in for a second. Now let's go over to gold.
• 1:52
  And no less impressive, up a full 1% to $3907.00 per oz.
• 2:02
  Now what's interesting, let's go back to silver.
• 2:04
  Well, let's go over here. First, let's look at the spot
• 2:07
  market for silver. This is from Kitco.
• 2:11
  OK, I want to circle this for you.
• 2:14
  Right now, the spot price on Kitco is $48 per oz if we go
• 2:20
  back and look at the few. So that's the spot price usually
• 2:24
  should be somewhat significantly lower than the futures price.
• 2:28
  The futures price is almost exactly the same guys and the
• 2:33
  futures price is way up. Look, it looks like we were in a
• 2:37
  period of what's called wrong screen.
• 2:40
  There we go. There's the futures price 48 O 8
• 2:44
  and the spot price 4815 on the ass.
• 2:48
  So actually the spot price again is a little bit higher.
• 2:51
  That is called backward backwardization when the futures
• 2:56
  price is actually lower than the spot price.
• 2:58
  It's very unusual in any commodity.
• 3:02
  But this goes along with what we are seeing and there's a reason
• 3:05
  why we want to put that kind of corroborate that with other
• 3:08
  things going on. The silver markets, the EFP, the
• 3:11
  exchange for physical between the LBMA and the COMEX, the
• 3:15
  lease rates blowing out. There's a lot of strange things
• 3:19
  going on right now in the silver market, which some people might
• 3:23
  say are little indicators, little pointers towards the fact
• 3:27
  that maybe the paper electronic silver market is nearing its
• 3:32
  breaking point. Look, some people have been
• 3:34
  saying that for decades. Eventually though, eventually
• 3:38
  it's going to happen of those fine people over at the LBMA,
• 3:42
  the London Billion Market Association and the COMEX here
• 3:45
  in the United States. But there's even more
• 3:48
  interesting data. This comes in regard to the
• 3:51
  SLVETF. Yeah, that ETF that I believe is
• 3:54
  run by BlackRock that some people speculate.
• 3:59
  OK, I always like to, I like to throw that in there, speculate
• 4:03
  whether or not they actually have all the silver they purport
• 4:06
  to have. But we got this from Bob
• 4:08
  Coleman. Oh, wait, there's one more.
• 4:10
  And then another weird thing. There's a lot of weird things
• 4:13
  going on in the metals markets right now.
• 4:16
  That's the dude wrong one. And this one came from Bob
• 4:20
  Coleman. Here we go.
• 4:21
  Right Screen Silver ETF alert 8 million shares were redeemed
• 4:26
  yesterday. That could have been an option D
• 4:28
  alert lightning up on their hedges, but now we've seen
• 4:31
  what's happened today. Now this is the crazy part
• 4:33
  again. However, there are now no shares
• 4:37
  available to borrow this morning.
• 4:40
  That was this morning volatility and SLV options remains very
• 4:45
  high. So there are no shares.
• 4:47
  What that means there are no shares available to sell short
• 4:51
  on the SLV ETF. Let's make sure all this is
• 4:55
  happening so fast guys and looks like that's the the the rates to
• 5:01
  to borrow that little part over there with my yellow cursor is
• 5:04
  Yep, that was this morning October 3rd, but this is the
• 5:08
  rates to borrow. That's also very high the rate
• 5:11
  being charged, but there's no shares available to short.
• 5:14
  OK, Selling short is when you borrow something from the
• 5:18
  brokerage house, the SLVETF share, sell it with the the idea
• 5:24
  that you'll rebuy it in the future at a lower rate.
• 5:27
  It's extremely unusual that we have a situation where there's
• 5:32
  no shares available to short. Also he points out that there's
• 5:35
  massive volatility now one more thing and then we'll get to the
• 5:40
  get to the dude for the daily Dude update.
• 5:43
  But one more thing we need to look at that is, is to me
• 5:46
  indicate something weird is going on in the metals markets
• 5:50
  is when we go out and look at, let's get this updated.
• 5:54
  This is the GDXJETF, this is the junior gold miner ETF.
• 6:00
  We'll look at the junior silver miner as well.
• 6:01
  But it is barely up today. On a day where the gold and
• 6:06
  silver mining stop prices, the gold and silver physical metal,
• 6:10
  excuse me, prices are zooming higher.
• 6:13
  We've got a situation where at some points it was actually down
• 6:16
  on the day, but barely up. Even that is unusual.
• 6:21
  That is strange. Let's take a look at the silver
• 6:24
  miner ETF that is the junior Silver Miner ETF that is SILJ
• 6:32
  and see what we have there. It may be up a little bit more
• 6:37
  because silver is just absolutely flying.
• 6:40
  Is this thinking what's going on here?
• 6:42
  Hold on guys, I'll try that again up there.
• 6:46
  It is computer slow. I'm 55 years old.
• 6:51
  It also barely up 1/2 of a percent when the silver price is
• 6:55
  up. What a dollar?
• 6:57
  Let's go back out to Kitco and look at the spot price.
• 7:00
  Yeah, the silver spot price at $48 per oz.
• 7:04
  So when we pull it all together, all these different factors, to
• 7:08
  me that indicates that we are in a period of massive stress,
• 7:12
  massive dislocation within these precious metals markets, OK.
• 7:16
  We've got some like almost backwardization or
• 7:19
  backwardization in the silver market.
• 7:22
  We've got the stocks, the silver mining, gold mining stocks that
• 7:25
  aren't reacting like they should.
• 7:27
  There's just so many factors. The, the, the no, no SLVETF
• 7:32
  shares available for short. And I can't even remember
• 7:35
  everything we went through. But almost everywhere we look
• 7:38
  everywhere, it's like there's little clues everywhere that
• 7:41
  there's big stress in these markets.
• 7:43
  And we know that on a higher level when it's an analyzed as
• 7:46
  well, everybody is saying the same thing.
• 7:50
  Let me ask you a question. Let me ask you a question.
• 7:53
  Think of all the silver that's going to be mined this year in
• 7:59
  the world. All of it.
• 8:00
  Every single ounce of silver that's being mined.
• 8:03
  It'd be about 800 million ounces of silver entire year mining
• 8:09
  output. Now think about if I told you
• 8:11
  the 3/4 of that entire mine output for the year 3/4 was
• 8:17
  traded on the paper make believe Fantasy Island exchanges in one
• 8:24
  day on the COMEX for all that look at this came from the dude
• 8:28
  again, another indication that the that the paper market is
• 8:32
  just absolutely out of control. Make sure I've got the right
• 8:36
  screen up for you, which I do and he puts it out yesterday.
• 8:40
  The silver market traded 630 million paper oz yesterday.
• 8:45
  Absolutely crazy. All right, let's move on to this
• 8:48
  big talk about silver breaking through $50 per oz and that this
• 8:54
  rally that we are experiencing right now truly is different.
• 8:59
  I've got some data that I'm going to share with you in an
• 9:01
  idea that we haven't talked about in a while.
• 9:04
  That is a powerful reason why when we get through 50, we get
• 9:08
  to 52. I think we could go to 5455
• 9:12
  sixty, who knows, right? I had John Lee on the other day.
• 9:16
  He's talking about $85 silver and he's talking about it by
• 9:20
  early spring. But I have some different data,
• 9:23
  some different opinions and one big key point that we need to
• 9:27
  recognize could easily propel silver.
• 9:29
  Before I do that, I'm going to say thank you.
• 9:31
  Speaking of silver to 1st Mint, they are a silver mint in the
• 9:35
  United States in Las Vegas, NV. They're making world class,
• 9:39
  excuse me, class silver bullion products.
• 9:43
  The interesting thing about them is they are owned by a big
• 9:46
  silver mining company. They're owned by First Majestic
• 9:49
  Silver, headed up by CEO Keith Neumeyer.
• 9:53
  So they mine the silver in Mexico, ship it to Nevada where
• 9:57
  it's transformed at their mint into these world class silver
• 10:00
  bullion products, and then they come straight to you from the
• 10:04
  mine to the mint to you. You may have noticed the Comex
• 10:09
  in the LBNA. They don't get their dirty
• 10:11
  little fingers on any of the silver that you get from First
• 10:15
  Mint. You can check them out at First
• 10:17
  mint.com. Great prices, great selection,
• 10:21
  great feedback from the Ron's basement community.
• 10:23
  You guys are just knocking it out of the park and so happy
• 10:27
  with everything that you're getting from First Mint.
• 10:29
  And there's a discount code VIP, as in very important person, RB
• 10:36
  as in Ron's basement, VIPRB. Put that in and you'll get a
• 10:40
  little discount as well. Let's talk about getting through
• 10:43
  $50 silver. This comes from one of my
• 10:45
  favorite analyst, Jesse Columbo from the Bubble Bubble Report.
• 10:51
  And let me pull this up for you for your viewing pleasure.
• 10:57
  He points out some very interesting developments.
• 10:59
  Is Silver about to crash? Oh, wait a minute, Jesse.
• 11:03
  I thought we were going to talk about it going or I was going to
• 11:05
  talk about it going through 50. We'll hold on guys, cuz he
• 11:07
  points out something later in this article that I think is
• 11:11
  super powerful, the turbo button for Silver as we move forward
• 11:15
  here in the next four or five months.
• 11:17
  But is it going to crash like 1980, 2011 He said learn learn
• 11:21
  why silver is currently in a sustainable long term bull
• 11:25
  market that will lead to permanently permanently higher
• 11:29
  prices, unlike the short lived spikes of 1980.
• 11:33
  By the way, you can subscribe to his sub stack the bubble bubble
• 11:37
  report. This is from the free section
• 11:39
  that comes out that he emails out on an almost daily basis
• 11:43
  says silver's rallying strongly and rising more than 50% since
• 11:47
  the start of the year. A growing number of investors
• 11:50
  are starting to worry that a crash may be coming, similar to
• 11:53
  what happened after major spikes in 1980 and 2011, he said.
• 11:59
  I've consistently urged, and I can say this as well, investors
• 12:02
  to stop dwelling on negative scenarios and instead recognize
• 12:06
  the tremendous upside that still lies ahead.
• 12:10
  The silver. This is Silver's moment to
• 12:14
  shine, and it's also a moment of vindication for those of us who
• 12:19
  believed in it all along. Is your hand up?
• 12:22
  My hands up. Because I've believed in it all
• 12:24
  along. And I've been down here in the
• 12:26
  basement with you. And so is Jesse.
• 12:29
  Been out there for years talking about the of what we believe the
• 12:33
  great opportunity and silver he says.
• 12:35
  I'll explain in this report why I believe silver will not repeat
• 12:39
  the short collapses, the sharp collapses that followed the
• 12:42
  short lived surges in 1980 and 2011.
• 12:46
  This time is different. This is a legitimate sustainable
• 12:49
  bull market with real staying power and potential for lasting
• 12:53
  gains. OK, he said to start I want to
• 12:56
  show you that a long term chart for silver going back six
• 12:59
  decades to the 1960s. We had these, we we had three
• 13:02
  major price surges, OK, The Hunt brothers in 1980, followed by
• 13:08
  the QE fueled rally in 2011 and now currently this current
• 13:13
  market that we are in, OK, he said.
• 13:15
  I believe this current move is legitimate and sustainable
• 13:19
  market that is here to stay, as I will explain throughout this
• 13:22
  piece, OK, But there's the chart and here's what I think and
• 13:27
  there's a lot of reasons why and he goes through them, but this
• 13:31
  is the one that a lot of us don't talk about all that often,
• 13:34
  OK? Talks about the fact that a lot
• 13:36
  of people did buy silver, especially in 2011 when it got
• 13:40
  to that $50 level. But in yellow.
• 13:43
  Once silver finally surpasses $50, which will mark a new all
• 13:49
  time high, no silver investor will be sitting on a loss, at
• 13:56
  least in nominal terms. When silver guys gets to $5354
• 14:03
  per oz, there is nobody in the world who can say I bought
• 14:07
  silver at $58 per oz and I'm waiting for it.
• 14:10
  No, no one at that point will have bought silver.
• 14:14
  Everybody will be in the profit, everybody will be in the green.
• 14:19
  And that's a powerful, powerful psychological tool because
• 14:24
  here's the fact, when things, and we're maybe not used to this
• 14:29
  having been in silver, but when anything, when a stock, when a
• 14:33
  commodity, when silver and or gold get to a new all time high
• 14:38
  and there's nobody out there who's sitting with a loss,
• 14:41
  people start to pile in. People then want to hold on to
• 14:45
  what they have, hold on to their gains with silver.
• 14:48
  It could be absolutely incredible, right?
• 14:52
  Think about it. Because Remember, Remember
• 14:55
  another powerful, powerful factor when it comes to silver,
• 14:59
  OK, your neighbors, the people who haven't dug in, pardon the
• 15:03
  pun, and learned about the real money, learned about the value
• 15:08
  of gold and silver when they start to pile into silver.
• 15:12
  And Rick Rule says that powerfully all the time.
• 15:15
  People love to buy silver when it's going up.
• 15:18
  OK? So when the sheeple, right, we
• 15:20
  call those the sheeple. Nothing against them.
• 15:22
  It's just fun. But they're the sheeple start to
• 15:28
  pile into silver on top of the fact it's going to be a wave.
• 15:32
  It's going to be like Doug Casey says, like trying to trying to
• 15:37
  drain Hoover Dam with a garden hose.
• 15:40
  There's going to be no silver at your local coin shop.
• 15:43
  OK, look, that's happened before.
• 15:47
  I don't have a crystal ball. Don't make any financial
• 15:49
  decisions based on anything I'm saying.
• 15:51
  But we know several times I've experienced in my years of being
• 15:56
  a silver buyer that I'd go to the local coin shop and the
• 15:59
  cases were bare. It's kind of an empty feeling,
• 16:02
  right? And they're telling me all you
• 16:04
  got to wait 5-6 weeks, whatever. On top of that, another key
• 16:09
  thing for us to remember, another big reason why we can be
• 16:13
  excited about silver is the supply is going down.
• 16:19
  In 2016, we had peak silver mining output.
• 16:23
  Since 2016, it's been going down, down, down, down.
• 16:28
  And because the price of silver's been suppressed for
• 16:33
  decades, there's been no financial incentive for
• 16:37
  significant amounts of silver exploration or development of
• 16:42
  new silver mining projects. And on top of that, most silver
• 16:47
  comes as a byproduct of other base metals, lead, zinc mining,
• 16:52
  copper mining and a bonus bonus cherry on top.
• 16:56
  The fact remains right, a lot of it comes from copper mining.
• 17:00
  And I heard Ross BD rather legend Ross BD himself say this
• 17:03
  not too long ago. The new copper deposits that are
• 17:06
  being developed are different. They're deeper.
• 17:09
  So there's not as much silver in them.
• 17:11
  The mining companies, there's not a pipeline of new product of
• 17:15
  new silver cut the from a mining perspective that's going to be
• 17:19
  available. My head's about ready to explode
• 17:21
  when we get the 535054 dollars silver and every, everybody out
• 17:26
  there is in the green. I mean everybody.
• 17:29
  And there's really not in my opinion, that many people out
• 17:32
  there sitting who are saying I'm going to sell silver when it
• 17:34
  hits 50 because I bought it there in 2011.
• 17:37
  Absolutely. There's some of those people out
• 17:39
  there, but I don't think there's that many people out there.
• 17:42
  I think when I think about silver, I get very, very
• 17:45
  excited. I also want to say thank you to
• 17:48
  First Mining Gold for sponsoring Ron's basement precious metal
• 17:52
  content. They're a gold development
• 17:54
  company from Canada. They have two huge multi million
• 17:57
  ounce projects in Canada, Spring Pool in Ontario, du Parquet in
• 18:02
  Quebec. This is these are two huge, big
• 18:04
  multi million ounce projects that have been drilled that it's
• 18:08
  been determined scientifically that all the gold is there in
• 18:11
  the ground. And now they're working through
• 18:14
  the development stage, the permitting stage for those big
• 18:17
  projects. It's interesting because the big
• 18:19
  gold mining companies, they too neglected their pipelines over
• 18:23
  the past years. They need to refill their
• 18:25
  pipelines with development stage projects that could make first
• 18:29
  mining gold very attractive potentially to one of those
• 18:33
  companies. And those big mining companies,
• 18:36
  not only are they needing to replenish their pipeline, but
• 18:39
  now they're all talking about growth, OK, on top of that.
• 18:43
  So look, not financial advice, do your own research, but it is
• 18:47
  a stock and Full disclosure that I've owned for years, owned it
• 18:50
  before they sponsored the channel.
• 18:53
  We're in for a wild ride, guys. It's going to be a lot of fun.
• 18:56
  I so appreciate you being here. Don't forget you're always
• 19:00
  welcome in the basement. You are important.
• 19:02
  You're the apple of your mommy's eye and your dad for that
• 19:05
  matter. Please subscribe to the channel.
• 19:08
  Let's go gold, let's go silver and let's go precious metal
• 19:11
  mining stocks. But today again is a strange day
• 19:15
  where the metals are up big, bigly, OK, but the mining stocks
• 19:20
  are kind of just hovering around their their day will come.
• 19:23
  Our day will come as well. I'll look forward to seeing you.
• 19:27
  Yes, I'll look forward to seeing you next time down here in the
• 19:32
  basement.