Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 Silver Price - EXPLOSIVE Info YOU Must Hear! - (Gold Shockwave Update too)

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🚨 Silver Price - EXPLOSIVE Info YOU Must Hear! - (Gold Shockwave Update too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
We are living through an epic period of change in the silver
0:05
and gold markets. There's so much happening.
0:08
We got a lot to cover today. This is probably one of the
0:10
biggest live stream videos that we have ever done together.
0:14
We're going to talk about what's going on with China.
0:17
We're going to look at some incredible charts about what's
0:20
happening in the precious metals market.
0:22
We're going to cover what's going on at the COMEX.
0:25
And I've got a warning, warning for you.
0:28
OK, last Sunday I came here, went out on a limb and said that
0:32
I thought the silver price would be higher this week, and I was
0:36
right. Look, I'm not always right.
0:38
I'm by no means taking a victory lap, but I'm a little concerned
0:42
about what may happen this week. I'll share with you why as we
0:46
work our way through this video, because there's a ton to cover
0:51
and a ton to think about. OK, First off, let's talk about
0:56
the good momentum in the gold market because gold is the grand
1:00
of the precious metals. If you're talking about silver,
1:03
platinum, any precious metal out there?
1:06
OK, gold is the granddaddy and we've got some good news going
1:09
on with gold when we look at the charts right now.
1:13
Let me pull this up for you. Hold on one second.
1:16
I don't have Susie here today, guys.
1:19
OK, Yep, there we go. This came from our friends at
1:22
Silver Trade, $5129 gold. What an epic week we had gold
1:29
sets new all time record high weekly close guys, we broke a
1:35
record. Wait a minute, Let's have a
1:40
little celebration. We broke a record.
1:42
Don't forget. All right, It was just, what, a
1:44
year and a half? Two years ago?
1:45
You see that gold bear? Some of you are new.
1:48
That gold bear had a blindfold on that said $2500 gold that we
1:52
weren't going to take off till gold hit $2500 and people called
1:56
us crazy. Now we have $5129 gold, which is
2:02
the granddaddy of the precious metals, and we set a record.
2:07
Why is that important? I'll explain to you why.
2:10
OK, when we look at this chart, what that shows us in no
2:14
uncertain terms is momentum. Look at this.
2:18
OK, these are weekly closes in the gold price.
2:22
Wow, is all we can say at this point.
2:25
There's our I'm sorry, that's not weekly.
2:27
I may be wrong on that. Anyway, I, I apologize, but
2:31
nonetheless the important take away here is momentum, OK?
2:36
Gold and silver have massive momentum and when things have
2:40
momentum, they typically keep going.
2:43
So we're going to keep an eye on that.
2:45
Warning about the COMEX, OK? There's a lot of drama out
2:49
there. The Comex is going to blow up,
2:51
right? All this drama about the
2:52
registered inventory versus the March contract delivery levels
2:57
that are out there. I want to give you a very, very
3:00
don't get, don't pin your hopes on this idea that in 10 days or
3:05
11, seven days, the Comex is going to blow up.
3:07
Anything is possible, OK, But it is extremely much more likely
3:12
that they'll figure out a way to kick the can down the road when
3:15
it comes to the Comex. I was putting the show together.
3:18
There's all kinds of people out there putting out these posts
3:21
like, oh, the eligible inventory went down registered.
3:24
Still the registered inventory, which is the important number,
3:28
that's the amount of silver in the Comex vault that's available
3:32
to actually satisfy the contracts.
3:34
It is definitely, excuse me, definitely at very low stressed
3:42
out levels, no doubt about it. I don't know, 90 million oz,
3:45
something like that. And I think there's around 300
3:48
million of outstanding in the futures contract still.
3:52
But guys, the reality is this, anyone telling you that the
3:56
COMEX is going to blow up is probably 99 point something
4:00
percent wrong. OK, They will find a way to kick
4:03
that can down the road. But, and it's a big butt and I
4:07
like big butts. I will not lie.
4:11
Let me tell you something. At minimum, we know that the
4:14
Comex is under huge, huge stress.
4:17
Will the Comex blow up someday? You know, blow out however you
4:21
want to say it. What are they?
4:24
I think the legal term is they'll, they'll declare force
4:27
majeure. Oh, we can't deal.
4:29
We can't deliver probably at some point.
4:32
But the good news is what this shows us, there is massive
4:36
stress right now in the silver market when it comes to physical
4:41
silver and wait till you hear about China later on.
4:45
Oh and by the way, this week, I think it's a toss up.
4:47
I think this week when it comes to the gold and silver prices,
4:52
we could go either way. OK, you may not want to hear
4:54
that, but we could. And there's some interesting
4:58
developments, especially with China.
5:00
We could see more of an epic move in the silver market as
5:04
well. And Speaking of silver, Oh well,
5:06
gold broke a record. What about poor little silver?
5:11
Well, let's go see what silver is on the verge of doing because
5:15
this could be epic as well. This comes from Gold Silver HQ,
5:22
the 10th green month in a row now incoming.
5:25
This is for the silver price. This has never happened before
5:30
the golden, oops, I mean silver age.
5:33
And look at this chart for silver.
5:36
These this is the monthly close for silver.
5:39
And I did go out and count there.
5:41
These are the candles. Each one of these candles, these
5:44
green boxes represent one month. And for those of you who don't
5:48
know, this is how you read a canvas called a Candlestick
5:52
chart. OK, so I'm going to change my
5:55
color. I don't like red.
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Not on this chart. No, we're going to go to green.
5:59
So each one of these candles, see how they kind of look like
6:02
candles, represents a month. As you see, there's a box that's
6:06
colored in. OK, That is the, in this case,
6:09
the weekly. Excuse me, the weekly open at
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the bottom and the top of that box is the monthly.
6:20
I'm sorry, close. The Wick is the highest that it
6:23
got during the month and the Wick on the bottom is the lowest
6:27
that it got on the month. So in this month, right, It
6:30
opened here, it closed right here, OK, And it got as high as
6:35
up here and got as low as down here.
6:38
The point is that we hold on here.
6:41
Let's go back to his post. On a monthly basis, we are, we
6:46
are approaching a point where we could actually have 10 months in
6:50
a row of of an up price in the price of silver.
6:54
Again, that's momentum and when things have momentum, they
6:58
usually keep going. OK, and we're going to keep
7:00
going as well. Sorry, I'm having some problems,
7:07
some audio problems today with my voice instrument.
7:09
You know what, you may be wondering what's in this box?
7:12
I got a box from channel sponsor first, meant I wasn't even
7:17
planning on doing it now, but let's open it up because I think
7:19
there's a piece of silver in here and I can't wait to show it
7:23
with you. It came to the house yesterday
7:26
and we're going to open this up and see what's inside.
7:33
Wow, everything from first Mint comes so well packaged.
7:38
This came from our friends at FedEx.
7:40
Oh man, look at the box. I mean it's it's I I swear it's
7:45
like opening a an iPhone box and now you get to watch me
7:50
struggle. They package everything so well.
7:53
Oh boy, let's see if I can get this open.
7:57
All right, that's a good start. I'm going to really just dig
8:03
into this. I wanted to open it completely
8:06
live for everybody. I think I know I have an idea
8:10
what is in here. Oh man, look at that.
8:14
So it's in this like really cool box and then wrapped in bubble
8:18
wrap. Oh wow.
8:23
Oh yes, wait till you see this guys.
8:33
I was hoping oh, now it's even taped again.
8:35
Hold on a second. I'm coming.
8:37
Don't leave me, don't leave me. I know I should be wearing white
8:45
gloves, which I have, but oh man, check this out.
8:50
This is their new brand new year of the horse silver round.
8:58
Look at that. See if we get the camera to
9:02
really focus in on that. So there's the front, excuse me?
9:08
And on the back you've got the first Mint logo in the middle
9:14
and the Chinese calendar. Isn't that awesome?
9:17
Wow, that is really beautiful. I'm going to, I forgot I'm live.
9:22
I'm going to sit here and stare at it.
9:25
Let me take you out to their website really quick.
9:27
So they've got it on their website.
9:29
It is available. It was as of Friday because I
9:32
called to ask them to make sure and there's their year of the
9:37
snake, there's the year of the dragon.
9:41
There it is right there, the year of the horse.
9:43
Look at that. Check that out.
9:50
Again, guys, you can go to firstmint.com and make sure we
9:56
were alive still. Yep, there you go.
9:58
That was First mint.com, owned by First Majestic, the freshest
10:03
silver on the market, right? It's mined in Mexico, shipped to
10:06
Las Vegas, NV and then it's transformed into world class
10:09
silver bullion products like the one we just looked at the year
10:12
of the Horse coin, and then it goes straight to you.
10:15
It is never touched by the COMEX or the LBMA.
10:18
So you can say that it's spoof proof because you know they
10:21
spoofed the price on the COMEX in the LBMA.
10:24
But check it out at first meant.com.
10:26
Thank you first meant I'm I don't know what to say.
10:29
I'm so excited and and very feel very spoiled to have one of the
10:33
new year, the horse coin. I apologize guys.
10:38
My allergies are acting up today.
10:41
Let's move on. Let's talk about the silver
10:43
deficit, big news about that and China.
10:47
Remember the Chinese are on on celebrating Chinese New Year,
10:51
the year of the horse. But we've got some interesting
10:53
developments out of China and what we might expect next week
10:57
and what that means for the overall silver market and the
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silver price. Let's head out here first and
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look at what's going on with the deficit.
11:07
We got big news, OK, out of UBS, who is the the big giant Swiss
11:13
bank super respected. They're talking about the silver
11:17
deficit for 2026. And at UBS now sees the silver
11:21
deficit rising 2 1/2 times to 300 million ounces in 2026.
11:30
This would mark the 6th consecutive year silver deficits
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300 million oz. Silver deficit in a market with
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above ground stockpiles depleted an annual global output of only
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800 million oz. You're not bullish enough on
11:46
silver. And there's the the quote.
11:48
This is getting a lot of attention all over within the
11:51
silver community. But wait, there's more because I
11:55
want to look at this from our friend Luke Equal Mima, who says
11:59
silver deficits are piling up. OK, over the past five years,
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the deficit, cumulative deficit when you add them all together
12:07
is almost 800 million oz. That is equivalent to roughly
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one year of global silver mine supply.
12:13
Over the past decade, industrial demand has surged by about 20%
12:19
to 67% of total demand. And when we look at this chart,
12:24
OK, when we look at this chart, here's the five years.
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Hold on here, let's get a let's get a color that sticks out like
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light blue. OK, look, right, here's the five
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years that we've had a deficit these five years right here.
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2021, twenty, 223-2425, right? You probably could have figured
12:43
that out yourself. But what I want to point out on
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here is the deficit has been going down, right?
12:50
It got smaller and smaller over the last years.
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However, let's get red. Let's draw 2026 on here.
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They are now saying look over here, this is 1,000,000 millions
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of Oz, OK? There's 250 million oz. 300
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million oz would mark a new record.
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And on this chart it would look something like this, OK, OK,
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Now, so that's point number one. We would have a new record when
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it comes to deficits #2 it reverses that trend that we've
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already had. And #3 the question, it begs the
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question, how much, How much rainy, rainy day?
13:35
Rainy day fund Silver is there above ground, right?
13:39
Like we have been pulling silver out of what I like to refer to
13:42
as the rainy day fund for the last five years.
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We're now in our sixth year of borrowing against the future.
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It'd be like if you had a savings account where you had
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$10,000 in and every year for the last five years you pulled
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out 1000 because you were spending more than you were
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bringing in, pulled out 2000, and now you're coming to a point
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this year where you may have to pull out 3000.
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OK, so we when it comes to silver in the fundamental story,
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this deficit situation is critically important.
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There is not an unlimited supply of silver on the planet as a
14:17
whole, but there's not an unlimited supply of silver in
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Grandpa's rainy day fund either. At some point, if the, if we
14:26
keep using more silver, then we then then we produce every
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single year and pull silver out of that rainy day fund.
14:34
Eventually it runs out, right? Who knows exactly when.
14:38
We don't know. Some people would say it's
14:40
happening right now. It's happening right now.
14:42
Well, we don't know that for sure, right?
14:44
And some people would argue, yeah, but there's all this
14:47
silver and silverware and scrap and blah, blah, blah.
14:49
And there's a certain point to that.
14:51
However, I would argue that a lot of that scrap silver hit
14:56
that that is that would be turned in, has already been
14:59
turned in. And when we look at that
15:01
fundamental story for silver, it continues to look better and
15:05
better and better. OK, OK.
15:07
How about, and maybe that's why, maybe that's why this is getting
15:12
renewed interest again. So I wanted to pull it up for
15:14
you. And then we're going to talk
15:16
about the craziness with China. But, but maybe that's why one of
15:21
the world's biggest banks and one of the biggest banks and,
15:24
and in the United States, Bank of America has said something
15:27
really shocking about silver. And all of a sudden everybody's
15:31
paying attention to this. Again, this came from the coin
15:34
paper silver price forecast from Bank of America eyes, $309
15:42
silver amid tight supply. Bank of America talks about,
15:47
according to this article, and we've covered this, but it's
15:50
getting renewed interest, 309 silver amid 2026 deficits.
15:56
Didn't we just talk about that and investment surge?
15:59
All right, trading around $85 an ounce now, but we're going to
16:03
look at the other consensus targets as well.
16:05
Let's get down here 2026 outlook and bank projections analysts
16:11
project 6 straight year of global silver deficits with
16:14
demand outpacing supply by 10s of millions of Oz that despite
16:18
softer industrial use in solar and electronics investment
16:23
demand via ETF's. This is important coins and bars
16:28
is forecast to jump 20%. We that's the turbo button guys.
16:33
That's the you know and don't, not to mention what nobody still
16:37
talks about, which is the tokenization of silver, which is
16:40
the double, double dingo, triple turbo button.
16:44
That's another major, another major force that can continue to
16:49
propel the silver price higher. That will offset any
16:52
manufacturing slowdowns and compressing the gold to silver
16:57
ratio towards historic bull market norms.
17:01
So they talk about, they call it thrifting when the manufacturers
17:05
find ways to use less silver, but they just can't do it.
17:08
It's like like we talked about yesterday, it's like grandma.
17:12
Grandma has to put real sugar in her sugar cookies or her
17:17
chocolate chip cookies. She can't use anything else.
17:20
So it really doesn't matter how much grandma has to pay for her
17:24
sugar, she's going to buy it. Bank of America Here we go leads
17:28
the bullish charge, forecasting silver could hit $309 per oz by
17:35
year end if ratio compression accelerates alongside monetary
17:40
easing and ETF inflows, implying over a 250% upside from here now
17:46
consensus targets. These are all the other banks
17:50
cluster around 90 to $150.00 silver with outliers like a $170
17:57
silver. If deficits widen, pull backs to
18:00
70 and 75 dollars are seen as buy zones in this regime.
18:08
I mean, Can you believe what we are talking about right now,
18:11
guys? Let's go look at the silver
18:14
price. I think was it 84 something on
18:17
on Friday? Here we go.
18:19
Yeah, $84.77 in the silver market on Friday.
18:25
Can you believe what we are talking about?
18:27
Bank of America? Hello.
18:30
Are we dreaming together? I'm telling you, two years ago,
18:34
if we had sat down here, if I told you that Bank of America
18:38
two and two years ago was going to be talking about $309 silver,
18:43
you would have said that. I was.
18:46
People said we were crazy for talking about $50 silver back
18:49
then, which we did. We talked about $85 silver.
18:53
There's the video going around where we sat down here together,
18:56
us basement dwellers, and talked about $85 silver.
18:59
And by the way, we have 1400 people on a Saturday night.
19:03
Welcome to the basement. We're having a silver party and
19:06
a gold party and a platinum party.
19:08
Platinum's doing awesome. I will try to cover a little
19:11
more on platinum in the future. You guys have been asking for
19:13
that. But hey, thank you for being
19:15
here. This is incredible.
19:16
What this means that you, you are here, I am here.
19:20
There's 14, 100 people live. It means there's more and more
19:25
people coming into the silver and gold market.
19:28
And I'm telling you, that's like the remember when you were a kid
19:30
and you would go to the arcade and you put your quarter in and
19:33
you play the driving game and you got like 3 turbos you could
19:37
press while you were driving. We haven't even pressed the
19:40
turbo button, which is the Western investor coming back
19:44
into the silver market. The industrial users, they've
19:48
been pressing the turbo button a little bit.
19:50
Guys, it it is we're going to get super, super, super
19:54
interesting. Oh, OK, let's look at a chart
19:56
and then let's talk about China. We're going to look at a chart
19:59
next. That's super encouraging is a
20:04
good way to say it for those of us that are in the that are in
20:07
the silver market. Before I do that, I want to say
20:09
thank you to 1st Mining Gold for sponsoring Ron's basement.
20:13
If you want gold in the ground in Canada, do yourself a favor
20:17
and check out first Mining Gold. They're a development stage
20:20
company with two huge. Projects in Canada, Spring Pool
20:23
in Ontario and the one that I personally visited, Du Parquet
20:27
in Quebec. This is gold in the ground being
20:30
worked through the development stage, but it's millions of Oz.
20:33
These are massive, massive gold deposits and projects in the big
20:38
mining companies are starting to pay attention.
20:41
I'm not a stock broker, a financial advisor.
20:44
Always do your own research. It's a stock that I own, but I
20:48
owned it long before they sponsored my my, my US Ron's
20:52
basement channel. That's the word I'm looking for,
20:56
but great company. You can learn more about them at
20:59
firstmininggold.com. OK, let's talk about the
21:02
pattern, the exciting pattern that we have right now, chart
21:07
analysis. Let's put on our chart analysis
21:10
hats and boom, wrong one. Here we go.
21:14
Should be on the right one. This is from our friend Rashad,
21:17
who's always giving us some great insights into what's
21:20
happening in Silver and he's been very accurate as of late.
21:24
This is interesting guys. This is a wedge pattern.
21:27
Well, let me let me read what he wrote to you, Silver's breakout
21:30
in progress. This was from a couple days ago
21:33
and I want to show you something very interesting.
21:35
But this right, see these two lines, That's a wedge pattern.
21:40
Anytime there's a wedge pattern in any trading asset, I don't
21:44
care if it's stocks, bonds, mutual funds and whatever, OK,
21:48
when there's a wedge, eventually the price has to break out.
21:51
OK, this one started back here on.
21:56
Let me get this up the 4th of February.
22:00
You can see right there is the top where the wedge started and
22:03
then has gone on now for what, almost two weeks?
22:07
We broke out right here. I'm going to circle it for now,
22:11
but I'm going to erase that so you can see it.
22:13
We broke out, but that was before yesterday.
22:17
So we have now broken out more into that's $84.
22:23
We have now broken out more into this range right here.
22:26
Let me draw that better for you here.
22:28
You know what, let's do it with a green line.
22:30
So we broke out of this wedge pattern.
22:33
These are short term patterns, OK?
22:35
However, when we consider that in conjunction with a 45 year
22:44
cup and handle pattern that we have in the silver market,
22:48
right, going all the way back to 1980, from 1980 through 2011, a
22:53
massive cup being formed and then a handle that we whoa,
22:57
whoa, whoa, whoa, broke out of. The point here is that the long
23:03
term charts and that long term cup and handle pattern in silver
23:08
is one for the record books. Why?
23:09
How are all these people in my basement 1600 people?
23:13
Wow. Anyway, you're freaking me out.
23:17
That's a 45 year cup and handle pattern.
23:19
The best, smartest minds in the world of chart technical
23:23
analysis will say that the 45 year cup and handle pattern in
23:27
silver is the most epic textbook example of a cup and handle
23:31
pattern of anything in the history of the universe.
23:34
Well, at least there's nothing that tops it in The longer than
23:38
a cup and handle pattern goes, the more reliable it is in, the
23:41
more powerful the breakout is. Now back to what Rashad showed
23:45
us. All that was only two weeks,
23:47
right? But still, you, when you layer
23:50
these things on top of each other, man, the opportunity for
23:53
silver in particular is unbelievable right now.
23:59
China, look, look, last week was good in the silver market.
24:06
What about next week? Let me tell you the potential
24:10
for next week, and a lot of that has to do with our friends in
24:13
China. On Tuesday, it's not going to be
24:16
Taco Tuesday. It's going to be, I don't know,
24:19
Tan Tan, whatever. However they say it in Chinese,
24:22
it's going to be silver and Gold Tuesday because on Tuesday the
24:26
Chinese metals markets reopen. They've been closed for Chinese
24:30
New Year for like 9 days or 10 days, something crazy like that.
24:34
So silver, silver and gold have been in really in the hands of
24:37
the COMEX in the LBMA. And a lot of people said, oh,
24:41
they were going to smash the price.
24:42
Smash the price. We knew, we knew otherwise.
24:44
We already covered that. But Tuesday the Chinese come
24:48
back OK. And it could get very, very
24:51
interesting. It it could it minimum represent
24:55
a wave of new demand for silver and gold.
24:58
What do you think they're all talking about?
25:00
If they're Chinese, you're the horse.
25:02
Celebrations, you know they love You got to remember something
25:05
guys. China and India love precious
25:09
metals. It's not like what we are in the
25:11
United States where like people are like, you know what it's
25:14
like sheep noise warning right where you are.
25:17
You and I are like one in one in 100 people now.
25:22
Well, maybe more. We got almost 2000 people on
25:25
this live stream down in the basement.
25:27
But anyway, you get my point, OK, over in China and in India,
25:32
it's completely different. Over there, like 99% of the
25:36
people love silver, gold. But here in the United States of
25:39
America, I dare you, go pick one of your random neighbors, knock
25:42
on their door and say I'd like to talk to you about silver and
25:45
gold. They don't know.
25:46
They don't get it. They're too busy watching CNN,
25:49
right? Believing everything they see on
25:51
their TV, they don't know about the Fiat money system.
25:54
They don't know about the US national debt.
25:56
They don't know about the fact that every Fiat currency that's
25:59
ever been created in the history of the world, like 99% of them
26:03
have become, become worthless. No, right.
26:06
And we affectionately refer to those people as the sheeple, and
26:15
we love them, right? The thing is, when they wake up,
26:18
they're going to become like the Chinese.
26:21
They're going to, we're going to have there, but there's not
26:23
going to be any silver and gold. But think about how fast it
26:26
sells out, like during C-19 just recently, right, the big silver
26:31
bullion dealers were like, sorry, we have shipping delays,
26:34
we don't have product, blah, blah.
26:36
You know, it's going to be interesting.
26:37
I digress. This week is going to be crazy
26:40
when it comes to the to the metals potentially.
26:43
OK, And then I'll give you another warning.
26:45
But let's go here first. Let's talk about China's silver
26:50
supply crunch because this is a really great article from FX
26:55
leaders. It gives us a quick rundown of
26:58
what's happening in China in green wrong.
27:01
Here we go. I don't have upstairs Susie,
27:03
she's not here. We're we're busy in real life.
27:06
But anyway, it's China's silver vaults are emptying fast amid
27:11
global price consolidation. Global silver prices have
27:15
stabilized after an incredible period of volatility, but
27:18
China's supply is constrained as investment and industrial demand
27:24
depletes stockpiles. We got 4 points that really sum
27:28
things up. Global silver prices have
27:31
stabilized after a period of volatility.
27:33
But China's supply, you just said that is constrained due to
27:36
depleting stockpiles. OK #2 in orange, a backlog of
27:40
orders is causing Chinese domestic producers to struggle,
27:46
leading to increased short term prices and significant
27:51
backwardation in the market. Remember, backwardation is when
27:56
the spot price is higher than the futures price.
27:59
In a normal market, the spot price should be lower than the
28:04
futures price. And when a market that's called
28:06
contango, by the way, write that down.
28:09
But in a, in a screwed up market, when there's
28:12
backwardation, that means people are willing to pay much more at
28:17
the spot for the immediate delivery of anything.
28:20
This can be any commodity, but we're talking about silver,
28:23
right? That's a very, that's a sign
28:25
that there's massive stress in the market in potential for who
28:30
knows what to happen. We won't even speculate in
28:32
green. The Shanghai Futures Exchange
28:36
has seen a record premium for front month contracts,
28:41
highlighting the demand for timely delivery of silver.
28:45
That's what we just talked about.
28:46
That's backwardation, right? There's a premium, meaning
28:49
people will pay more for front month contracts, which means the
28:53
contract that is due sooner as as opposed to later in red.
28:58
This is interesting. Short sellers are paying
29:01
deferral fees to avoid deliveries, reflecting the
29:06
ongoing inventory crisis and lack of available metal.
29:10
So short sellers are people that sell them like the name implies,
29:15
right? They sell, they, they get the
29:17
the metal or the contract to get the metal.
29:20
They sell it OK, thinking they can buy it back at a future date
29:24
at a lower price. They are now under a lot of
29:27
stress and paying deferral fees. And don't forget, right, we've
29:30
got this guy Mr. Beyond over in China, like the Chinese
29:33
billionaire who made billions going long on gold during 2025,
29:38
who now has a massive, I think it's like we calculated what,
29:42
15,000,000 outs, 14,000,000 outs, short position in the
29:47
Chinese futures markets. And then on top of that, but
29:51
wait, there's more. The Chinese regulators put out
29:54
these new rules that said basically and when when they
29:58
come back, they're limiting people's ability to actually
30:00
trade into short silver. There is so much going on guys
30:05
in China on top of the fact that on Tuesday they're going to be
30:09
back in the market. It's going to get interesting.
30:12
It's crazy. And then we get we get the the
30:14
the fact that here's on the ground like data about China and
30:19
what's going on with silver as well.
30:21
And this comes talks about, well, let's just read it and
30:24
then we'll pull it all together because this is just really
30:27
truly unprecedented. Our friend Cyril Zubert put this
30:30
out the rush for silver, he says if the largest, hold on, here we
30:36
go. Yep, you're on there at the
30:37
largest recycling company. And Shenzhen is offering about
30:42
$93. A recycling company is offering
30:46
$93 per oz to buy back pure silver.
30:51
You can imagine that when the Shanghai Gold Exchange reopens
30:55
on Tuesday, OK, TomTom Tuesday, silver will be once again much
31:02
higher. All right, he says this.
31:04
I'll just finish the next paragraph.
31:05
The silver prices on the futures of the Comex, some people call
31:09
it the Crimex, went up nearly 9% Friday to close at $84.77.
31:15
Very far away from the price of the real physical in China.
31:21
Silver should rush Monday and climb more than 11%.
31:25
Wow to avoid all its stocks being drained by the Chinese
31:29
banks. Guys, think about that.
31:31
Think about that. The, the, the price that we're
31:35
looking at for the Chinese. According to Cyril, Chinese
31:39
recyclers are paying, that's what they're paying the general
31:42
public. Those are usually the lowest
31:45
prices around. When I drive down, you probably
31:47
drive around in your, your neck of the woods too, and you see
31:50
those signs up and you know, we buy silver, we buy gold, we buy
31:54
your scrap gold, your silver, whatever.
31:57
Those places always offer the lowest price around recyclers.
32:02
I think a recycler for silver is going to offer the lowest
32:07
possible price they can for silver because they're in the
32:10
business of melting it down and then reselling it into a bigger
32:15
market. So if a recycler is offering the
32:18
general public a price that is significantly higher, Hello,
32:24
right. Then what?
32:25
Then what they're being quoted on the Comex and the LBMA.
32:30
Think about that for a minute. Think about this as well.
32:33
This is crazy. It's all coming together for us
32:36
silver investors. We talked about yesterday that
32:40
that Hecla Mining right, the United States oldest and largest
32:45
silver mining company reported their fourth quarter earnings
32:50
OK, October, November, December. And they said that their average
32:54
sales price for silver, when they sold physical silver
32:57
throughout that whole 3 month period, the average was like
33:01
close to $70 per oz. However, isn't it interesting to
33:06
note that what the COMEX said, the average silver price was
33:10
during that same three month period of October, November,
33:13
December was $55. So you got a silver miner
33:17
saying, yeah, on average we sold silver at 70 an ounce.
33:21
And you got the COMEX saying, yeah, but the real the COMEX
33:24
price, the Comex I got AI got something funny for you.
33:29
The COMEX price for silver is $55 an ounce.
33:33
I'm going to listen to what I think first.
33:35
Majestic Silver also had similar numbers.
33:38
I'm going to listen to what the I'm going to listen to what the
33:41
actual physical miners are saying they're selling the metal
33:44
for. Think about it.
33:45
It makes sense. So next time you go out and you
33:48
want to buy, let's say you're buying a car or you're buying,
33:51
sorry, you go to a jewelry store and you're buying your your
33:54
sweetheart or yourself or your partner, whatever, right.
33:57
Some silver jewelry when they go to ring it up, say, oh, by the
34:00
way, I want the comex price. Yeah.
34:05
Well, don't forget, right here's our friend, our new coin, the
34:08
year of the horse from first met, right?
34:11
This has never been touched by the coma.
34:14
This silver. Think about this piece of silver
34:16
that I'm holding right here. Not only is it beautiful, I
34:19
mean, that is look at that at different angles.
34:23
Silver's hard to photograph because it's one of the most
34:26
reflective metals or it is the most reflective metal.
34:30
But this piece of silver from first Mint, this was mined in
34:34
Mexico. It went to Las Vegas and it went
34:36
to me. It really is spoof proof.
34:39
We talked about that yesterday. Spoofing, which is what, what
34:42
the, what the COMEX in the LBMA do to manipulate the price of
34:45
silver and gold. Oh, guys, please subscribe to
34:48
the channel upstairs. For those of you who are new,
34:52
that's my wife upstairs, Susie. She usually is always here
34:56
helping, but we've got kids and we're super busy.
34:59
But she will kill me if I don't tell you to Please subscribe to
35:03
the channel. She loves you guys.
35:05
All right, we got a great we call ourselves basement
35:08
dwellers. We got a great community of
35:10
people in the gold. You are you are part of an
35:14
incredible community of people. If you're in silver and gold,
35:17
I've met some of the nicest people ever over the years,
35:20
right. We'd love for you to come back
35:21
and if you subscribe, which is free, OK, and you press the bell
35:26
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35:29
I want to go out and check on the comments here real quick.
35:32
Bear with me one second. Hey, we got a super chat.
35:36
Wow, super sticker from our friend 4 Kings four.
35:41
There he is. You're famous on the Internet.
35:44
Anybody can be famous on the Internet, but you're famous when
35:47
you come down here in the basement.
35:48
We're going to have a great week next week.
35:51
I'm super excited to see how this plays out.
35:53
Just a warning, right? Don't expect the Comex to blow
35:58
up. It could happen.
35:59
I hope I'm wrong, but I'm pretty much sure that's not going to
36:03
happen at least anytime here in the immediate future.
36:07
But things are going to get crazy.
36:09
Are you ready for Tuesday? Hold on a second.
36:13
Yeah, right, Our friends in China.
36:16
There's our Chinese calendar gone.
36:19
Come back on Tuesday. Hey, I want you to come back
36:21
again. Please subscribe to the channel.
36:24
Have a great, great evening. Take care of yourself, Be good
36:27
to yourself. And I will look forward to
36:29
seeing you. Yes, I see you.
36:32
You're important. I'm only down here because of
36:34
this great community, basement dwellers.
36:37
I'll see you next time. Thanks a lot.
36:39
Have a great night.