Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 📣 Elon Musk is AFRAID of SILVER Price! 📣 - (Silver Squeeze and Gold Price Too)

Transcript

📣 Elon Musk is AFRAID of SILVER Price! 📣 - (Silver Squeeze and Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  What does it mean to us silver investors if Elon Musk is
• 0:06
  freaking out about silver? Also, I have a big confession
• 0:10
  that I need to make to you about my personal financial situation.
• 0:15
  We'll do that later in the live stream.
• 0:17
  Don't you worry, $50 silver. A major Canadian bank is calling
• 0:23
  for $50 silver. How does that make you feel on a
• 0:27
  day like today when the silver price is down almost $0.50?
• 0:30
  Oh my gosh, the sky is falling. What are we going to do?
• 0:34
  We're going to talk about that. OK, settle down, settle down.
• 0:38
  Everything will be OK. We'll talk about what's
• 0:40
  happening today in the markets and the big picture, which is
• 0:45
  very, very optimistic for the silver and the gold price for
• 0:48
  that matter as well. I've got an update for you from
• 0:51
  the coin shop. Yes, the one and only coin shop.
• 0:53
  Chris gave me some big news last night about what he's seen going
• 0:58
  on right now. I think Vince Lanci said this
• 1:01
  what one of our normal, regular, normal, not normal, outstanding
• 1:06
  viewers, right. All you guys are outstanding.
• 1:09
  Timothy Zoob sent me an e-mail yesterday with a quote that he
• 1:13
  had from Vince Lanci. He said now is the time to
• 1:16
  temper your cautiousness with enthusiasm.
• 1:21
  This time is different guys. I know today's been a little, a
• 1:25
  little bumpy, a little bump in the road for the silver price
• 1:28
  and the gold price. We'll go out and check on that
• 1:30
  in a little bit, but that's par for course, right, right.
• 1:35
  That's going to happen. OK.
• 1:37
  The long term thesis, the long term idea behind the metals
• 1:40
  absolutely remains in in place and people.
• 1:44
  Now I'm hearing more and more people, more and more and more
• 1:49
  people talking about the potential for a parabolic move
• 1:55
  in the metals. Silver, right $100.
• 2:00
  But we're going to talk about this Canadian bank in just one
• 2:03
  second that's talking about a a a prestigious stuffy Canadian
• 2:07
  bank talking about $50 silver. But people are talking about the
• 2:13
  metals. OK.
• 2:14
  The engine. Gentlemen, start your engines.
• 2:18
  It has started. OK.
• 2:19
  It is. It is in process right now.
• 2:22
  You know all the big fundamental reasons why it's going to
• 2:26
  happen. Well, guess what?
• 2:28
  It's happening. I could be wrong.
• 2:30
  Don't make any financial decisions based on anything that
• 2:33
  I'm saying, but we have a growing chorus of smart people
• 2:39
  who are recognizing now. You were one of the first.
• 2:41
  You were a trailblazer. I was as well.
• 2:44
  Let's pat ourselves on the butt, right?
• 2:46
  If we are indeed like Vince talks about, like a lot of
• 2:50
  people are talking about Michael Oliver, I mean every all these
• 2:54
  people. If we are indeed in this new
• 2:56
  phase, new environment. Bear.
• 2:59
  I say bear. That's not the right word.
• 3:02
  Dare not bear. Dare I say that we are in a bull
• 3:07
  market. OK, you were a trailblazer, no
• 3:11
  doubt about it. OK.
• 3:12
  Gold and silver are not on the front page yet.
• 3:15
  OK. They're getting there, right.
• 3:17
  They're still buried in the within the within the anals of
• 3:21
  the newspaper. But guess what, guys?
• 3:23
  The best, smartest investments are never on the front page.
• 3:27
  By the time things get to the front page, it's always too
• 3:31
  late. OK.
• 3:32
  So the fact that we're not on the front page, thank you Ron
• 3:36
  McAdams for that super chat is a good thing for us, right?
• 3:40
  If we were on the front page right now with $30 silver, that
• 3:45
  would mean it's over, OK. If we were on the front page
• 3:48
  with 2420, four $100 gold, can you even fathom that?
• 3:53
  But if we were on the front page, right, all the ducks are
• 3:56
  quacking, right everybody, Gold, silver, gold, silver.
• 4:01
  We don't want that at 2400 gold and 31 dollars silver.
• 4:05
  No, we want all the ducks to be quacking when we've got Silver
• 4:10
  at 100 and 1585, whatever the number might be.
• 4:14
  That's why. So we want to have this big
• 4:17
  runway ahead of us. OK, All right.
• 4:20
  Crazy, Silver, crazy. I mean, it really is insane
• 4:25
  what's going on with Silver. We're going to talk about China,
• 4:28
  of course. OK, That's because that's the
• 4:31
  that's the big thing going on right now with Silver.
• 4:34
  We're gonna talk about $50 silver and we're gonna talk
• 4:37
  about Elon Musk and something crazy that happened in regards
• 4:43
  to the Silver Squeeze. But let's first go out and take
• 4:46
  a look at this outstanding piece of work by who else?
• 4:52
  None other than our good friend Niels Christensen.
• 4:55
  We love Niels. Silver Eyes $50 question mark.
• 5:01
  Hold on. There you are.
• 5:05
  OK, Silver eyes, $50. TD Securities predicts Major
• 5:11
  breakout after $31.00 support holds.
• 5:16
  Let's run out and see if we're holding a $31.00 support.
• 5:19
  Let's go to pin backs. OK, Silver, let's update this.
• 5:22
  All right, It could be uglier. All right, take.
• 5:24
  OK, Silver, down $0.84. I'm not going to lie to you.
• 5:29
  That one hit me in the heart. OK, but I'm still here.
• 5:32
  Gold down $33. Today's today's a rough day in
• 5:37
  the metals markets. But that begs the question and I
• 5:40
  will say this, if you think you might want to pick up some
• 5:42
  silver, I always say I always like to buy silver on days when
• 5:48
  the price is down because then I know I got a better deal than if
• 5:51
  I bought it the day before. If you, I'm not telling you what
• 5:54
  to do, decide you want to buy some silver?
• 5:56
  Check out the prices on Pembex. Price is important because you
• 6:01
  will get more metal for your money, but you also want to work
• 6:05
  with a company you can trust. I trust Pinbex and you want to
• 6:09
  make sure you've got great selection and to me they tick
• 6:11
  all the boxes. Check out Pinbex if you decide
• 6:14
  to take advantage of this. We don't want to look at that
• 6:17
  again, $0.84 down, but back to Neil's TD Securities predicts
• 6:24
  major breakout after $31.00 support holds.
• 6:27
  We can still say we're holding right now the support at $31.00
• 6:32
  per oz in silver. The silver market is holding
• 6:35
  initial support over $31.00 an ounce and according to one major
• 6:39
  bank, the precious metal has room to move higher as momentum
• 6:44
  picks up. And a note published Tuesday,
• 6:45
  commodity analyst at TD Securities reiterated their
• 6:49
  bullish outlook for silver as physical demand continues to
• 6:53
  outstrip supply. Yes, yes, yes.
• 6:56
  Daniel Golly, senior commodity strategist.
• 7:00
  I wonder if what's higher up in a big company, a strategist or
• 7:03
  an analyst, I'm not sure. Anyway, a Canadian bank at the
• 7:06
  Canadian bank said he's keeping an eye on the white metals all
• 7:11
  time highs. This is highlighted in orange
• 7:14
  because this is important. This is a strategist at a major
• 7:19
  Canadian bank saying quote, the last time silver prices broke
• 7:24
  through $30.00 an ounce. Remember guys, we can check that
• 7:27
  box, right? We just saw it.
• 7:29
  We're still above 31. It traded to $50.00 an ounce in
• 7:35
  less than 10 weeks. Hold the presses.
• 7:39
  Golly, we love you. We love this guy.
• 7:44
  Could you imagine 10 weeks from today?
• 7:47
  I'm not predicting this, but it certainly is within the realm of
• 7:51
  possibilities. Basement dwellers that in 10
• 7:54
  weeks from today we have $50 per oz in silver.
• 7:59
  Let's see why. Let's see what Mr. Golly's
• 8:01
  saying. Why?
• 8:01
  Golly said that renewed investor demand.
• 8:04
  OK, right. New renewed people.
• 8:06
  New people going to Pimbex buying silver, which ignited
• 8:11
  last week's breakout rally, will add to the precious metals
• 8:15
  growing deficit, providing long term support for the asset.
• 8:19
  Quote There is a notable risk of some reflexivity in this thesis
• 8:24
  as the break north of $30 could plausibly catalyze a substantial
• 8:30
  amount of ETF buying activity, which could further erode, quote
• 8:35
  UN quote free floating inventories at the LBMA.
• 8:39
  Oh yeah. So what he's saying is people
• 8:42
  could wake up your aunts and uncles, your friends, your Co
• 8:47
  workers, whoever. Your neighbors could wake up and
• 8:51
  start buying silver through the ETFs and that would wreak havoc,
• 8:55
  those poor boys at the LBMI, the London Bullion Market
• 8:59
  Association. Right.
• 9:01
  They've been, they've been sticking it to us.
• 9:03
  They've been sticking the screws.
• 9:05
  Have you have you felt it? I've got like 6 screw holes in
• 9:08
  my body, OK, from those guys at the LBMA because they've been
• 9:13
  sticking it to us for a long time.
• 9:15
  But what what Golly is saying is that if that if right.
• 9:19
  Because remember, guys, this, this is so critical.
• 9:22
  This move above $30 per oz and silver was done without Western
• 9:29
  investor participation. OK, That was missing.
• 9:34
  That was missing. It's like a it's like a it's
• 9:37
  like a Formula One race car winning a race with only three
• 9:42
  tires. What a great analogy.
• 9:46
  OK, think about it. So if we put that 4th tire on
• 9:49
  the Formula One race car, which would be your aunts, your
• 9:52
  uncles, all those people I talked about, your the, the, the
• 9:55
  sheeple, the the American sheeple, wake up a little bit
• 10:00
  and start buying silver, it's going to break the LBMA, he said
• 10:04
  after all the last viral. Oh my gosh, he said it.
• 10:08
  Silver Squeeze is showing up more and more often.
• 10:11
  Lately. Meme catalyzed approximately 110
• 10:15
  million ounces of silver demand and ETFs in a few days, which
• 10:19
  would represent a 35% erosion in the free float if repeated
• 10:24
  today. That's a fancy way to say that
• 10:26
  would break the LBMA. We would hate for the LBMA to
• 10:29
  get broken. Thank you, Niels.
• 10:31
  OK, now, now this gets even crazier.
• 10:34
  Let me come back and say hi to you guys, all 500 of us on a
• 10:39
  Wednesday morning. Thank you for being here.
• 10:42
  You really are the most important part of the basement.
• 10:45
  Thank you, Ron McAdams. There's your smiling face for
• 10:48
  the Super chat. Thank you, Debbie, for the Super
• 10:50
  chat. There's your Penguins and Cliff
• 10:53
  Moberg. Cliff, long time no see.
• 10:55
  The support level is holding. Yes, this is critical.
• 10:59
  OK. I wish I could talk to bald guy
• 11:03
  money this morning, but I think I know what he would say.
• 11:05
  But I'm not putting words in his mouth.
• 11:07
  But I think you would say how critical it is that we stay
• 11:10
  above $31 by the close today and the close of the week, right?
• 11:15
  Friday's close will be very important for the technical side
• 11:19
  of chart analysis for the for the silver price as well.
• 11:24
  OK, let's put that up. We want to say thank you to our
• 11:26
  subscribers. We already said thank you to pin
• 11:28
  backs. We're going to talk about
• 11:29
  Fortuna, Big news out of Fortuna this morning here in a little
• 11:33
  bit. But first it gets even crazier.
• 11:36
  I mean, what volume? The amount of anything that's
• 11:40
  traded is always critical. OK, and read this.
• 11:44
  This is, this is to me, spectacular news out of China.
• 11:49
  The Oriental ghost posted this yesterday.
• 11:51
  The most eye-catching of the OK, the most eye-catching of the
• 11:56
  silver surge on the Shanghai Futures Exchange is trading
• 11:59
  volume. Today it reached 4 point, I'm
• 12:03
  sorry, CN¥417.8 billion, which more with more than the daily
• 12:10
  total volume of transactions in the Shanghai stock market, bonds
• 12:17
  and other commodities. It is the This is the key #1
• 12:22
  numero Uno. I don't know how to say one in
• 12:25
  Chinese. I'll have to learn that number
• 12:27
  one investment hotspot in China at the present.
• 12:30
  Whoa, wait a second. Did he just say that the number
• 12:34
  one investment hotspot in China right now?
• 12:37
  China, the world's biggest economy according to them and
• 12:41
  the Russians, but second biggest according to us?
• 12:43
  None the less the the, the number one investment hotspot.
• 12:49
  Here's a secret for us, OK? The number one investment in
• 12:53
  China right now according to the Oriental Ghost, would be silver.
• 12:58
  And since I can't read Chinese, but we'll look at these anyway.
• 13:02
  OK, well, there we go. They're.
• 13:03
  Wow. I mean, it's just absolutely
• 13:06
  astounding. Let's go look at our daily.
• 13:09
  This is from Oriental Ghost came in at 3:00 in the morning while
• 13:12
  you were all tucked away nicely in your bed.
• 13:15
  OK, Shanghai Gold Exchange, Shanghai Futures Exchange,
• 13:20
  Shanghai $35. Silver 3569 gold down here on
• 13:29
  the I'm sorry, Gold on the Shanghai Futures Exchange,
• 13:33
  $2463. All right.
• 13:36
  It'll be interesting to see how those markets react tomorrow to
• 13:41
  what is shaping up to be a bit of a difficult day for us in the
• 13:45
  West in the precious metals markets.
• 13:47
  Hey, you know, hey guys, don't forget this is this is the day
• 13:53
  days like today, you get the where where strong bases are
• 13:58
  built. This is the day that separates
• 14:01
  the the boys from the men the girls from the women.
• 14:04
  However you want to say it right.
• 14:05
  Because the people that are scared today the emotions, right
• 14:08
  maybe and maybe you're feeling this or like oh maybe I should
• 14:12
  sell my silver because it's going down and and I want to
• 14:15
  book my gains and and and people get emotional.
• 14:19
  People get fearful right. They sell out of fear.
• 14:23
  I'm not telling you what to do. Maybe silver goes to $23 in a
• 14:28
  month. I don't think that's gonna
• 14:29
  happen, right? That's why I'm holding.
• 14:31
  But if we react to our emotions and a lot of the people that are
• 14:36
  selling today are doing just that, right?
• 14:40
  That gets rid of the weak hands, the weak holders, and it builds
• 14:44
  a strong foundation from which the price of the metals can go
• 14:48
  up even even higher. Number one investment.
• 14:52
  And don't forget, I almost forgot.
• 14:55
  Hold on here. We need to talk for a second.
• 14:59
  Don't forget, OK. Eight weeks ago we were talking
• 15:03
  about this and it wasn't just us.
• 15:06
  It's all the smart people, the smart ones, and you're that.
• 15:09
  OK, look, look, you know the people that come to the basement
• 15:13
  that engage in this, in this channel are have a little bit of
• 15:17
  a little more intellectual horsepower than the average
• 15:20
  bear, OK. And all the smart people, and
• 15:23
  this includes you were saying back eight weeks, 9 weeks ago.
• 15:28
  Remember when silver, what was silver at 2520?
• 15:31
  I think was it 22? Whatever it was at, it was
• 15:34
  lower. I was buying American Silver
• 15:37
  Eagles for $26 each. I remember thinking this is
• 15:39
  nuts. So like I never bought American
• 15:42
  Silver Eagles. The price of silver was down and
• 15:45
  the premiums were down simultaneously, which opened up
• 15:48
  a very brief window where I was able to buy some American Silver
• 15:51
  Eagles for $26. Woohoo, OK, I'm usually too
• 15:55
  cheap to pay the high premiums anyway.
• 15:57
  That's not the point. The point is what we all said,
• 16:01
  OK, what we all said about silver blasting off and
• 16:05
  everybody said once silver gets above, I said $32.
• 16:09
  OK, Which doesn't play real well with what's going on today.
• 16:13
  But once we get into the low 30s, look what we want to see
• 16:18
  happen right now. OK?
• 16:20
  And I'm a believer. I believe it will happen, is
• 16:22
  that silver holds the line at $31.00 per oz.
• 16:26
  IT. Guys, I'll be honest with you,
• 16:28
  if we close the week something in the 20s, Ronnie's going to be
• 16:31
  a little discouraged. You might need to help pump me
• 16:34
  up a little bit. I love to get Silver in the
• 16:36
  mail. By the way.
• 16:36
  Somebody sent me. Where'd it go?
• 16:38
  What'd I do with it? Here it is.
• 16:40
  This yesterday, right? This beautiful silver round from
• 16:44
  First Majestic. Anyway, if we hold $31.00, even
• 16:50
  if it takes a couple weeks and if OK that holds and we get into
• 16:55
  these low 30 range for the silver price, it's blast off
• 16:58
  time because there aren't any right now.
• 17:02
  We're kind of consolidating right people, Some people are
• 17:05
  selling because they're scared, right?
• 17:09
  And other people are buying because they're like, I want to
• 17:11
  buy because, you know, I believe in the thesis, believe in the
• 17:15
  long term story. Once silver gets above 3233 for
• 17:21
  a while, there's nothing up there stopping it, OK.
• 17:23
  It's blast off zone. It's blast off zone.
• 17:26
  We got to get up there though and we got to stay up there.
• 17:29
  That's the critical thing, OK. If these horrible manipulators
• 17:33
  at the COMEX, if we let them beat us, right, the COMEX and
• 17:37
  the LBMA, the London Million Market Association, the LME, the
• 17:42
  London Metals Exchange, whatever the heck it's called, right?
• 17:46
  Those those, those lowlifes who manipulate the price of the
• 17:50
  metal, if we let them beat us this time, right, then it might
• 17:55
  take a little bit longer. But we've got a secret weapon on
• 17:59
  our side and that's trying to but what indication is?
• 18:01
  Is Elon Musk part of part of the the Silver beat down
• 18:07
  establishment? Why would Elon Musk be part of
• 18:10
  the silver beat down establishment?
• 18:12
  I'm not saying I think he is, but something very interesting
• 18:16
  came out last night about the Silver Squeeze and Elon Musk and
• 18:21
  X, also known as Twitter. But from now on I'll call it X.
• 18:25
  Why would Elon? Why?
• 18:28
  Why would Elon want to keep the price of silver down?
• 18:31
  Think about it. Elon makes electric cars, solar
• 18:35
  panels and spaceships satellites.
• 18:38
  All three of those are heavily dependent on cheap silver.
• 18:43
  Heavily dependent, right? He's probably the most silver
• 18:47
  needing addict in the world. Elon Musk is the world's biggest
• 18:51
  silver addict. I said it first.
• 18:54
  Elon, I'm sorry, but you're addicted to silver.
• 18:57
  You need silver. OK, but what came out?
• 19:01
  Let's go check this out. Our good friend Mr. John Little.
• 19:05
  I like to call him Big John Little 'cause I like John Little
• 19:08
  and I love the Silver Academy. It's a sub stack.
• 19:11
  There's a link to it in the description of this and all the
• 19:12
  videos. Or you can just go to Google and
• 19:14
  write in Silver Academy sub Stack.
• 19:17
  It's free, right? And I get these awesome articles
• 19:21
  and look so hashtag Silver squeeze, OK gets shushed by
• 19:27
  Rocket Man. He's referring to Elon Musk when
• 19:30
  he calls him Rocket Man. Why is Babyface Elon afraid of
• 19:35
  the Reddit apes? Meaning the Wall Street silver
• 19:39
  crowd, the Silver Squeeze crowd? OK, listen, listen.
• 19:43
  He'll walk us through it real quickly.
• 19:46
  Remember the adage that goes if you were to eat hamburgers daily
• 19:51
  and you're not a cattle rancher, would you wish for low beef or
• 19:54
  high beef prices? The answer is the the user would
• 19:58
  wish for low prices and what John's saying there is.
• 20:01
  If you're a person who's addicted to silver, like Elon
• 20:06
  Musk, right? Needs it to survive.
• 20:09
  Addicted, right? Do you want the price to be high
• 20:12
  or low? Because he's not a cattle
• 20:14
  rancher, which in this analogy would be a silver miner.
• 20:18
  He doesn't own any silver mines. He wants the price to be low.
• 20:22
  OK, you're like the hamburger eater Elon Musk runs.
• 20:26
  Tesla. Check.
• 20:28
  Needs a lot of silver. SpaceX needs a ton of silver,
• 20:32
  Solar needs a ton of silver. And Starlink?
• 20:35
  Now this is startling. Starlink has applied for over
• 20:39
  40,000 satellites in its ambitious quest to dominate
• 20:43
  future Wi-Fi. Which in his in which in his
• 20:47
  insane modus operandi and Napoleon wish to, quote,
• 20:51
  establish dominion and domination of our Wi-Fi world.
• 20:55
  40,000 satellites. Satellites use a tons of silver.
• 21:01
  OK, I don't know how much per satellite.
• 21:02
  That's going to depend on a lot of different variables.
• 21:05
  Satellites. OK, spacecraft torpedoes and
• 21:07
  rockets are top users of silver. And Musk, who doesn't make
• 21:11
  torpedoes, has his greedy fingers.
• 21:13
  And all these verticals. All right, here we go.
• 21:17
  The moment you've been waiting for.
• 21:18
  What does this have to do with his part in rigging silver
• 21:22
  prices? Well, now he's not just part of
• 21:25
  the banking industrialist and parasitic class that shorts
• 21:30
  silver, but his embattled social media platform has disabled the
• 21:37
  auto prompt on the hashtag hashtag silver squeeze.
• 21:42
  That means that if you go in and I tried this to Twitter and you
• 21:47
  make a post and you type hashtag, used to be you type
• 21:50
  hashtag, start start typing silver squeeze and it would
• 21:54
  automatically pull up for you. That's not the case anymore, is
• 21:58
  it? Because they are freaking out
• 22:01
  right now. I'm telling you, they're on the
• 22:03
  ropes, right? The the, the silver
• 22:05
  manipulators. And look, this is who knows,
• 22:09
  right? We don't know for sure that Elon
• 22:11
  sitting in his ivory towers, Tesla, whatever he's doing
• 22:15
  trying to push down the price of silver.
• 22:17
  But why? I ask you, why would they
• 22:21
  disable that feature that would do nothing but inhibit that
• 22:27
  being spread around on Twitter? And we know mainstream media is
• 22:30
  picking up on it. OK, anyway, very interesting
• 22:34
  development there. Let's get back to us.
• 22:38
  OK, let's talk about the coin shop.
• 22:40
  A report from the street, right? You want to hear a report from
• 22:44
  the coin shop? Let me read this to you.
• 22:47
  This is from our friend Coin Shop, Chris.
• 22:49
  The one and only. Hold on one second.
• 22:52
  Let's have a sip of coffee first.
• 23:02
  By the way, I'm doing this by myself.
• 23:04
  You may notice Susie's not here today, so I apologize in advance
• 23:08
  for not being able to be as interactive as I usually am.
• 23:11
  Susie's at her mom's house. See.
• 23:13
  Look. Oh, oh, oh, shoot.
• 23:17
  Hold on, guys. My camera was OK.
• 23:23
  If you can still hear me, here we go.
• 23:29
  Oh. Oh, my God.
• 23:31
  Hold on. Wrong camera.
• 23:34
  Here I am. Bear with me.
• 23:35
  Here we got problems. Settings.
• 23:40
  OK, let's see if that fixes it. No.
• 23:46
  OK, hold on. Don't leave me.
• 23:51
  Don't leave me.