Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 BIG MISTAKE! 🚨 Gold and SILVER PRICE Missed THIS!... (Trump, Federal Reserve, Interest Rates)

Transcript

🚨 BIG MISTAKE! 🚨 Gold and SILVER PRICE Missed THIS!... (Trump, Federal Reserve, Interest Rates) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Massive, destructive moves in the silver and gold market
0:03
yesterday, but today we're going to talk about $90.00 silver.
0:08
But even more importantly, we're going to talk about why those
0:11
big moves yesterday may have been a big, huge mistake by Mr.
0:17
Market. We're going to talk about why
0:19
gold and silver got pummeled so badly yesterday, but more
0:22
importantly, why it was likely all an overreaction and a big,
0:27
big mistake. But first, and we are, we're
0:30
going to talk about $90.00 silver.
0:32
I'm not, I'm going to hold that one out for you guys a little
0:34
bit. But first let's talk about
0:37
what's happening today. We're going to hear today's Fed
0:39
Day. Remember when the Federal
0:41
Reserve would announce their monetary policy decision?
0:44
That would always be the biggest news in the history of the
0:47
universe. Well, we're having that again
0:49
today. What a crazy, crazy week.
0:52
Likely the Fed will be cutting interest rates.
0:55
Likely the Fed will be doing all kinds of crazy stuff in the
1:00
coming quarters and years. We're going to talk about that,
1:03
but let's go take a look and see what the markets are predicting
1:07
for the Fed rate cut today. Let's go out to the CME Fed
1:13
watch tool guys. This is where you you can see
1:17
what the Fed is going to do or what the betting odds, the big
1:21
money. So next FOMC meeting, right?
1:24
Four hours from now, 4 hours and 46 minutes.
1:27
They got this cute little. It's like the debt clock in
1:30
reverse. This one counts down.
1:34
This is the Chicago Mercantile Exchange Fed watch tool, and OK,
1:39
we've got a 99.2% chance that they're going to cut rates by a
1:43
quarter, .25 basis points if we want to sound sophisticated, and
1:49
a almost 1% chance that they won't do anything.
1:53
Now, look, if the Fed doesn't do anything this afternoon that
1:56
will send shock waves, negative shock waves through the gold and
2:00
silver supermarket. But I think it's pretty much a
2:03
sure thing. We're going to get a quarter
2:05
percentage point cut. But you know what?
2:07
The way things are in the world right now, we won't rule
2:10
anything out, right? Basement dwellers, we want to be
2:12
prepared for anything. Hey, thank you for being here.
2:15
Thanks for joining me here in the basement.
2:18
It's a big deal. You're important, right?
2:20
This is not possible without you.
2:22
If it wasn't for you in your participation, your
2:25
intelligence, your help, your being a part of the basement,
2:29
this would not be happening. So thank you.
2:32
Please subscribe to the channel, give the video a thumbs up.
2:35
Super chat, super thanks. PayPal donations are never
2:38
expected. I mixed that up the other day.
2:41
I think I said are always expected but never appreciated.
2:44
But they're never expected and always appreciated.
2:47
So thank you, thank you, thank you.
2:49
The big news, Donald Trump got elected, Silver and gold got
2:53
absolutely clobbered. Hold on, I made a mistake.
2:57
I apologize, I need to go back. Let's just recap.
3:01
Today's the big Fed day, right? Buckle up, buttercup.
3:05
But even more important, right, probably later this week, but
3:09
very soon, we are also going to hear from China about a major
3:15
stimulus program. Now, not a lot of people are
3:18
talking about this, but the smart people, including you,
3:22
right, know that China was waiting to see what happened in
3:26
the election before they made their decision on what kind of
3:30
stimulus program. Why does that important for gold
3:33
and silver? Because what China does is China
3:36
stimulates hugely, which they likely will.
3:39
That will create massive demand for silver and gold.
3:43
So we have that to look forward to as well here in the next few
3:47
days. We should be.
3:48
That could be very bullish for the price of precious metals.
3:52
You know what, before we go there, has the price of silver
3:55
been manipulated yet lately? Or let's say that a different
3:58
way, the price of silver has been manipulated lately.
4:03
Let's go out and see what our favorite investigator Colombo
4:06
wasn't there ATV show called Colombo like a private
4:09
investigator will. Now US silver investors, we have
4:13
Jesse Colombo. This guy is working tirelessly
4:18
pointing out what he thinks could very potentially be
4:20
manipulation within the silver market.
4:22
Let's go out and look at his most recent post and it is again
4:27
astonishing the evidence is piling up.
4:29
There he is, Mr. Colombo. Jesse Colombo from the Bubble
4:34
Bubble Report. And on a serious note, this guy
4:36
is considered to be a big rising star within the gold and silver
4:41
sector. He has a sub stack.
4:42
I think it's called the bubble bubble or the bubble bubble
4:45
report. Anyway, he says Silver was
4:47
slammed in 10 out of the past 13 trading sessions.
4:52
We we know that, right? My fellow basement dwellers,
4:54
always in the morning, always to the downside.
4:57
People are trying to gaslight me into believing that's perfectly
5:01
normal and organic behavior. I'm actually the one who's just
5:05
imagining things. And look at this chart, right?
5:08
This is updated as of yesterday. If it's not market manipulation,
5:13
then why are the sharp moves always, almost always to the
5:18
downside and occur right when the COMEX is starting to open
5:22
from 8:30 to 11:00 AM Eastern Time?
5:25
Look at these OK, we pointed this out yesterday, but guys,
5:28
this is consistent behavior when the COMEX opens down, down,
5:32
down, down, down, down, down, down avalanche yesterday.
5:37
So we know that JP Morgan has been convicted of manipulating
5:41
the silver price. We know, right?
5:44
We know that there's been massive amounts of research done
5:48
to prove that the silver price has been manipulated over the
5:51
years in Jesse Colombo's on the case.
5:54
Colombo's on the case now to help us remember that it's still
5:58
happening today, still happening right now.
6:02
OK, so why did let's talk about, let's talk about the big
6:06
mistake, why everybody's mistaken about President Trump
6:09
being elected and then pummeling, absolutely pummeling
6:13
the gold and silver. There's a lot to talk about, a
6:16
lot of reasons that we're going to go through why the market is
6:20
very likely wrong, OK? I'm not saying anything
6:23
political. This is not a political channel.
6:26
We're looking at the facts. Donald Trump was elected
6:29
president of the United States. Donald Trump has laid out some
6:32
pretty aggressive ideas about what he's going to do.
6:36
The silver market and the gold market got pummeled yesterday on
6:40
the backs of that. Now let's talk about there's a
6:42
lot to talk about and why it's a mistake, but let's briefly talk
6:47
about the big reasons yesterday. There's three big reasons that
6:50
I'm hearing, number one. Number one, there's this
6:54
lessening of fear about domestic violence, domestic issues in the
7:00
United States because of a disputed election, fears of
7:03
social unrest, all that. That pretty much all went away
7:07
because it was a pretty clear victory by Donald Trump.
7:10
Secondly, what's hurting the what hurt the silver and gold
7:13
price yesterday was this idea that geopolitical turmoil,
7:18
situation in Ukraine, situation in Israel, situation with China,
7:23
situation with North Korea that President Trump will be able to
7:27
lessen the the amount of geopolitical turmoil and
7:32
uncertainty. So those premiums that those
7:35
those price the amount of the gold price that was reflecting
7:38
that kind of got sucked out yesterday.
7:40
And of course that hurts silver as well.
7:42
But think about it, silver. I let me get back, let me get
7:45
back on track. The third reason is inflation,
7:48
people. And that's the big one, guys.
7:50
That's the that's that we are in for a fun ride in the precious
7:55
metals. And bear with me on this on this
7:57
live stream because we're going to talk about why we're in such
8:01
a favorable position for precious metals.
8:03
But the market thinks that Trump's policies should be very
8:07
inflationary. And then so because of that,
8:10
they think that the Federal Reserve will be forced to raise
8:13
interest rates. That can't happen.
8:14
And I'm going to show you why in this video.
8:17
But first, first, let's go check on the gold and silver price.
8:23
Let's have a little post mortem. We'll go out the channel sponsor
8:27
pin backs and this is not updated.
8:29
So yesterday when I left you so on gold was down $70, silver
8:35
down $1.27. Let's do an update and see how
8:40
we are hanging this morning. Oh my gosh.
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You need to figure this out for yourself.
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And by the way, if you call the guys at Pinbacks and talk to
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them, they aren't going to give you any pressure either.
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They actually say to me all the time, people need to stack
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and many other things about this company, which is why I feel so
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Ultra competitive prices. Let me look you in the eye when
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Ultra competitive prices, right? A great selection unless you're
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Their prices right, are pretty much very hard to beat ultra
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You hear these horror stories of people buying silver and gold
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from, let's say, unreliable sources sometimes, like the
10:17
online auction sites. I'm not going to name any names,
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but you want to work with a company you can trust and you
10:23
know you. If you trust me, I'll tell you I
10:26
trust Pembex unconditionally, right?
10:29
If you want to hear from other people, read other people's
10:31
reviews. Thank you, Pembex, Right, for
10:33
being such a great sponsor and a great company for me to
10:37
represent to our basement dweller community because I get
10:39
emails all the time from you guys telling me thank you,
10:44
overwhelmingly positive response.
10:47
And I can look you in the eye and tell you that's the absolute
10:50
truth. OK, All right, let's go here.
10:54
So what was yesterday? The other thing we need to
10:56
remember, part of it was profit taking, OK?
11:00
Getting rid of the weak hands, the people who are the nervous
11:03
Nellie Silver got clobbered yesterday.
11:05
Like we just saw. Silver's doing a little better.
11:08
Are you feeling it? Diggity Breath.
11:11
OK, we're going to talk about $90.00 silver.
11:14
Don't you worry, Buttercup. I won't call you Buttercup
11:16
again. Basement dweller.
11:18
OK, but are you feeling a little better?
11:20
Yesterday, those were the weaklings.
11:22
Imagine if you know. Well, I'm not going to put
11:24
anybody down, but look, these were the weak hands.
11:26
Maybe the traders, maybe the people that were in gold because
11:30
they wanted that insurance policy about what was going to
11:33
happen with the election, blah, blah, blah.
11:36
If we get rid of all them, this is the good news.
11:38
Now we can move forward. If all the if all the the
11:42
softies or whatever you want to call them, the non long term
11:46
holders of silver. Do you buy it?
11:48
When you buy silver, do you think about selling it?
11:50
I don't ever people ask me how do I sell silver?
11:52
How do I, what's the best? I'm not the guy to ask about for
11:56
selling silver because I have never sold any silver and I
11:59
really don't ever plan on it. To me, it's generational, right?
12:05
I'll probably dump it all in the coffin with me when I go, but
12:07
none the less, don't come to me asking about the best way.
12:10
But I what I will tell you if you ever want to sell silver is
12:13
this shop around just like you would if you're going to buy
12:16
silver and gold, right? If you're going to buy it, you
12:18
shop around, right? I go to Pendex and I still
12:21
compare prices otherwise and I'm always impressed with Pendex.
12:24
But if I was going to sell, if you're going to sell, shop
12:26
around as well. I apologize, I'm getting a
12:28
little off track this morning. There was probably taking short
12:32
term flippers. This is interesting.
12:35
And I saw Rafi Farber pointed this out this morning and I
12:38
thought it was brilliant. Something we didn't think about.
12:42
He said gold. Gold was not really slammed
12:45
yesterday. All the commodities were.
12:47
And I'm not quoting him here. I think this is my own words.
12:50
And because the goal, if you look at all the commodities got
12:54
killed yesterday, it wasn't just gold.
12:56
If you look at this. Let's go take a look at this,
12:59
right? We think, oh, gold, silver got
13:00
slaughtered yesterday and they did, right?
13:02
It was not a not a good day in the market.
13:07
But this is the Invesco DB Commodity Index Tracking Fund
13:11
called DBC. That's how you get this quote.
13:14
This was yesterday. OK, This is yesterday, right?
13:21
11/6 yes. Look how far it really crashed.
13:24
It was down oh like 1% on the day, but at one point it was way
13:30
down. So it wasn't just gold, it
13:32
wasn't just silver. I know it feels like we were the
13:35
only people the stock market went up 3 or 4%, right, Gold and
13:39
silver and the mining stocks got clobbered and feels like we were
13:42
the only people that weren't making a ton of money yesterday.
13:45
Maybe you were right. I'm heavily invested in metals
13:49
in the mining stock. So yesterday was kind of like a
13:52
good day and a bad day all wrapped up in one.
13:54
But it wasn't just gold and silver.
13:57
So gold and silver didn't crash when compared to the overall
14:02
commodity sector. And that's very, very important
14:04
to remember because guys, the reason why is we are moving into
14:08
a commodity super cycle, Wheat, oil, gold, silver, right?
14:14
All Stanley Druckenmiller, What's the guy's name?
14:18
Darn it, the guy from Double Line Capital, Jeffrey Gunlock,
14:24
anybody? Warren Buffett will tell you off
14:26
the record, right? We are moving into a commodity
14:28
super cycle which will be very bullish for the price of silver
14:31
and gold. Let's get this going, basement
14:33
dwellers. We got a lot to be optimistic
14:35
about. A lot to be optimistic about.
14:39
OK, there's that chart. I got something.
14:41
Do you really think? OK, let me talk about silver.
14:46
This is critical to remember. Do you really think Trump being
14:50
elected should have killed the silver price?
14:55
Think about it. Donald Trump got elected
14:58
president, Silver went down 5%. How did those two really relate?
15:03
Right now, there's all again, all types of things we can talk
15:06
about. The dollar went up on what up?
15:08
But really, Donald Trump got elected president, Silver went
15:12
down 5%. What's the reason why you buy
15:16
silver, right? It's a monetary metal and it's
15:19
an industrial metal, right? You know, the overwhelming that
15:23
you really think they're going to stop using silver in these
15:26
new Samsung car batteries that are going to take 30 oz each,
15:30
these solid-state batteries that Toyota will be soon rolling out
15:35
in their Lexus brand. My dad's got a Lexus.
15:41
I have a Toyota Anyway. Look, No, no, no.
15:47
Do you really think that since Trump got elected, suddenly the
15:50
silver deficit is going to go away?
15:53
No. Right.
15:54
So we got to look at the big picture.
15:56
It's it's it's we got to look at the at the big picture of what's
16:00
going on, OK. The other part, OK.
16:04
Do you really think that all the geopolitical turmoil is going to
16:08
go immediately away? Do you think the bricks are
16:10
going to go away because Trump got elected in their move
16:15
towards de dollarization? No, OK, They it's not they're
16:20
not just going to abandon the BRICS movement.
16:22
They're not going to abandon the de dollarization movement
16:25
because guys, the big picture, the big thing, this is so
16:30
critical that we remember this. That is going to drive, it's
16:33
going to make you a sillionaire. You want to be a sillionaire,
16:36
that's a silver millionaire is going to be inflation, right?
16:42
Capital I inflation. We are gonna have inflation like
16:46
never ever before. Okay?
16:49
They just haven't gotten it through their thick skulls yet
16:52
and that's all the sheeple. You're not a sheeple, right?
16:58
You're a basement dweller. You're whatever you want to call
17:01
yourself. You've got a good brain on your
17:03
shoulder. You know it's coming, right?
17:05
Donald Trump, right? Everything that he promises
17:09
means a worsening to the US national debt, right?
17:13
Dollar debasement. That's a fact.
17:16
That's not a political statement.
17:17
All those promises, all those tax cuts, all the no taxes on
17:21
this, no taxes on that, that lowers the US governance
17:26
revenue, that lowers the amount of that makes the deficit
17:29
bigger, that makes the debt bigger.
17:31
OK. And that is what's going to
17:33
happen. And that makes inflation, right?
17:36
That's the fact. And you know this, right?
17:40
And, and again, I'm going to say it one final time, not a
17:43
political statement, but you know this.
17:45
Trump will strong arm the Fed into easy monetary policy
17:50
because guys, here's the reality.
17:53
OK, here's the reality. Either they're going to have to
17:57
save the dollar or save the bond market because the bond market
18:03
is what subsidizes that massive national debt.
18:06
They can't do both, OK? They can't do both.
18:11
If they save the bond market, they're going to have to print
18:14
money to do it, OK? If they want to save the dollar,
18:18
they want the dollar to remain strong, right?
18:21
The only thing they can do at that point is, is have tight, a
18:24
very tight budget, spending cuts, right?
18:28
Try to get things under control. They aren't going to do that.
18:31
They, when I look, I'm not. But let's just look at Donald
18:36
Trump's background. Last time he was president, the
18:38
deficit skyrocketed, the debt skyrocketed, OK?
18:41
That's not a political statement.
18:43
If you look at his history as a businessman, he has a history of
18:47
borrowing a lot of money and sometimes running into trouble
18:50
because of that. So that is the fact that's what
18:54
we know is absolutely going to happen.
18:58
People don't realize it yet, but that's the that's the quandary
19:01
that there that the that the United States finds itself in
19:04
when Donald Trump got elected and landslide victory, right?
19:09
Guess what, guys? Let's go look, let's do our
19:12
daily field trip and we're going to talk about $90.00 silver.
19:18
I'm going to show you the most beautiful chart.
19:19
It's going to make your heart warm, right?
19:22
You're going to be filled with joy and peace and optimism.
19:25
We're going to get to that later.
19:27
This did not go away. Sorry.
19:31
Let's make sure. Let's refresh.
19:33
Hold on. OK, refresh.
19:35
No. Oh my gosh, guys, this did not
19:38
the National Debt, 30, $6 trillion did not go away.
19:43
OK, This is getting worse. Interest expense.
19:47
If you looked at the interest rate on a 10 year bond yield
19:50
right now, that's the other thing that got clobbered
19:53
yesterday. Wasn't just you as a silver and
19:56
gold investor. And what does it mean when we
19:59
have this here? Let's run out and take a look.
20:05
10 year bond yield, OK, it's dropping a little bit today.
20:10
So look at this, look at a six month chart of the 10 year bond
20:13
yield guys. And it went up massively
20:15
yesterday. Bonds got sold, which means the
20:18
rate on the bonds went up and up and up.
20:22
What that means is the United States, that means mortgage
20:25
rates go up. That means a lot of bad things
20:28
for the economy. They can't let that happen.
20:30
They're going to need to print money.
20:32
When they print money, the value of the money goes down.
20:35
When the value of the money goes down, that means we have
20:38
inflation and inflation will take on a life of its own and
20:43
will take on a new meaning. It will be a new perspective,
20:50
right? The people have regarding gold
20:52
and silver, this BS yesterday that, oh, well, Donald Trump's
20:55
going to create inflation. So.
20:58
So the Fed's going to have to be, you know, tight with
21:00
monetary policy. No, no, no, no, no, no, no.
21:04
It does not work. Let's look at, I wanted to look
21:07
at this while we're here. Yeah, we are.
21:09
I mean, look, this is a 5 year chart of interest rates.
21:13
Let's look at a Max. I mean, last time here we are
21:16
right here. Last time we were higher than
21:18
this. Where we are right now was what,
21:22
17 years ago. So he is not going to take care
21:26
of this. This will get worse, right?
21:30
That'll make interest get worse. The interest expense, the, the
21:34
budget deficit. I mean, if the guy, if he, if he
21:36
implements half of what he's promised is going to go through
21:40
the roof, we are in the spiral. And then at that point, the Fed
21:43
will need to print money just to save the bond market.
21:47
They are not going to save the dollar.
21:49
Let me look you in the eye for that one.
21:51
This is a critical thing for you to for you to understand.
21:55
They can't have both. They can't have their cake and
21:58
eat it too. OK, sorry.
22:01
They're going to have to either save the dollar or save the bond
22:06
market and they will print money and save the bond market that is
22:10
of almost certainty. And again, that's inflation.
22:13
But while we're out of the US debt clock, let's do our quick
22:17
daily check of the dollar to silver ratio.
22:19
Oh my gosh, Ron, it's at 900 to see my yellow cursor there,
22:23
guys. Dollar to silver ratio 971, yes.
22:28
That means that for each one ounce of silver that comes out
22:31
of the ground this year, somebody in Peru or Mexico or or
22:34
Idaho's digging up an ounce of silver today, for that one ounce
22:38
of silver, your government, your government if you live in the
22:42
United States of America is only printing $971.
22:48
That's right. Yes, $971.00.
22:51
But what we want to do is, as usual, let's update our little
22:58
It's not really a spreadsheet. I think it's a word or a
23:02
whatever document 971. OK, look at those numbers.
23:10
They continue to go up. Mic drop 600, almost 700 people.
23:16
Thank you guys, man. We got a lot more to cover.
23:19
We are going to look at the $90.00 silver chart because
23:22
after yesterday, we deserve it. We absolutely do deserve it.
23:29
OK, Everything Trump promises, OK, Bubba, we went through that.
23:33
He'll be strong. Army and the Fed, OK?
23:35
Yesterday, silver, gold bonds all got sold down.
23:38
Lower bond prices mean higher debt yields.
23:42
We talked about that. We can never pay the debt back
23:47
at higher interest rates, right? The interest rates are going and
23:51
again, we've got your own palm. the Fed today supposedly going
23:54
to cut rates again. They cut rates six weeks ago.
23:58
And since they did that, the interest rate on the 10 year
24:01
bond yield, which is like the bellwether of the bond market,
24:05
has gone up by almost a full percent.
24:08
At least 3/4 of a percent are very close to it.
24:11
Think about that. the Fed is losing control over interest
24:16
rates. So what they're going to have to
24:19
do then the only way they can control it, guys, it's this
24:22
fancy term and you can get this. This is critical, called
24:26
monetizing the debt, meaning nobody's buying the debt.
24:30
And when nobody wants to buy our debt, nobody wants to loan US
24:33
money. The interest rate goes up and up
24:35
and up. We're seeing that right now.
24:36
Then the Fed has to step in and say, well, you know what?
24:39
Then butter cups, Brazil, China, India, all you countries that
24:44
just won't buy our debt anymore. We're going to buy ourselves.
24:47
We're going to create more fake Unicorn fart dust, paper, Fiat,
24:51
whatever you want to call it, money, and we'll just buy it
24:54
ourselves. That's what makes it worse.
24:56
That's why when we talked about the fact that since 1971 through
25:01
today, the gold price is up like 78 times, not 78 percent, 78
25:07
times, right, since 1971. And when we look out into the
25:11
future, given where we are right now from a fiscal perspective, a
25:17
debt perspective, it is mathematically impossible.
25:21
Heck, the price of gold could go up 78 times in the next 5 years.
25:25
Be ready, Be ready. That's what I say.
25:29
Don't make any financial decisions based on what I'm
25:32
saying seeing. But this whole Trump thing and
25:35
getting really made me angry yesterday that the market not at
25:40
Trump, he had nothing to do with it at the markets reaction
25:43
because the market got it wrong. Sure, I understand.
25:47
Yeah, I was talking with Coin Shop Chris last night and like,
25:49
well, now it just feels like World Peace.
25:51
Do you think World Peace is going to break out?
25:54
Do you think right that the that the domestic issues in the
25:57
United States are going to completely go away?
25:59
No. And I'm telling you, inflation
26:02
is coming and coming at us at a very, very fast rate.
26:07
OK. And remember this, this is
26:09
interesting. This is interesting.
26:12
OK, the stock market exploded higher yesterday, right?
26:18
4% whatever, 5%. Thank you, Jasper.
26:22
Jasper, keep the silver spirit up, dwellers.
26:25
Thank you for that super chat my friend forgot about.
26:28
It's hard for me to say everything's I'm out of my
26:29
normal studio. And thank you to my friend
26:31
little Ricky back at the house helping coordinate all this.
26:34
I appreciate it. Think about this guys.
26:37
This is this is another thing that we that will get us very
26:40
excited to be invested in silver and gold.
26:43
The stock market. Trump is inheriting a stock
26:46
market that's already at all time highs.
26:49
The stock market is in a bubble. OK, after yesterday, it's in a
26:55
double bubble. Bubblicious.
26:58
It's so bubbly from any, any reasonable metric or
27:02
measurement. The where the stock market is
27:05
right now is out of control, absolutely out of control.
27:10
That's what Trump's now. What does this have to do with
27:12
silver and gold? I'm going to tell you right now,
27:15
right, because when he gets in there and coin shop Chris said,
27:17
they said I bet they pull the rug on him.
27:19
The economy we're headed towards massive trouble in the economy,
27:23
right? Try to go out to eat.
27:25
It's a it's ridiculous, right? You can't go to a cheap
27:29
restaurant with six people and get out of there for less than
27:32
150 bucks anymore. It's just impossible.
27:34
I don't know how they do it. Funny, man.
27:36
That's not what the point is. The point is about silver and
27:38
gold right now, because what's going to happen is when that
27:43
stock market gets the rug pulled on it, OK, that money is going
27:48
to be looking for safety and security.
27:50
And where do you think, where do you think people are going to
27:55
turn when they want safety and security?
27:57
Because the guys at the stock market is absolutely.
28:01
I mean, it's whatever statistic, the Buffett, Warren Buffett
28:06
indicator, I mean, he's selling all the stocks anyway.
28:09
We know that anything you look at, any metric, any measurement,
28:14
any ratio or ratio, the stock market's in a bubble.
28:18
OK, So when that when that bubble gets burst, people that
28:24
what are they going to do? Are they going to buy real
28:25
estate? No, I'm going to buy real
28:28
estate. It's in a bubble.
28:29
I mean, you know, just look at what houses or something.
28:32
No, people are going to move to silver and gold just like this
28:37
is This is, you know, the reason why we know that'll happen.
28:41
I'll tell you why, because it's happening right now and it's
28:44
happening in a country with 1.4 billion people.
28:50
And that's China, right? They're real estate market in
28:54
the dumps, their stock market in the dumps, right?
28:58
And those people, they know what inflation is.
29:01
They know they don't. I, I talked to my good friend
29:03
Chen Len, right, PhD, top medical researcher in the
29:07
country. I'll, I'll, I'll, he works for a
29:10
top medical research institution in, in Lewis.
29:13
Chen Len. He's always like, oh, people
29:16
don't trust banks in China, the real estate.
29:18
He's like, it's a mess. OK, it's a mess, guys.
29:22
And that same thing could very likely happen here because of
29:26
this paper. You can't just I wish.
29:28
I don't. I need to get some money.
29:30
Paper money that's floating around.
29:32
Just envision, right? Paper money right in the end
29:36
comes out to nothing. This here.
29:38
Let's do a little show and tell. This feels really good to hold
29:43
in my hand. See that?
29:46
See how reflective it is. It's real.
29:49
It's silver. You're probably like me and you
29:55
love it. It's real money.
29:56
Get you some. OK, get you some.
30:00
So we got a lot more to talk about.
30:01
I'm going to get to the $90.00 silver, I promise here.
30:04
They got to say the bond market. All right.
30:10
Yeah. And when all the people wake up
30:12
and see inflation coming, the stock market already in real
30:16
estate, they're going to run to gold and silver.
30:17
We just talked about that, just like China right now.
30:20
Let's go. We're going to go see what Kitco
30:22
has to say. But really what we're talking
30:24
about happening in the United States and in the silver and
30:27
gold market, what it all boils down to, and this has not
30:31
happened. When this happens, this is when
30:35
silver and gold will have their real day, OK, because they
30:39
haven't had their real day yet. Some people think I told you the
30:43
story. I was in Walmart buying potatoes
30:45
and the guy in the produce section and he was like, oh, I
30:48
just got into silver when I was chatting with him.
30:50
It's starting to happen. But when it's when the light
30:54
bulb moment occurs, OK, for for the masses, that's when you want
30:59
to make sure you've already got your silver and gold because
31:02
that's when you won't be able to get it any longer if it happens.
31:06
Look, I could be wrong. Maybe there will never be a
31:10
light bulb moment. But let's go see what Kitco has
31:12
to say about what we went through yesterday.
31:16
And did we do this already? Nope.
31:19
Here we go. Nope. close.
31:23
OK, here's Kitco. I'm sorry.
31:27
We're going to go to that in a little bit.
31:28
What we're going to do right now, I'm going to, I'm just
31:31
going to read you. This is what Kitco said
31:33
yesterday. The presidential race was not as
31:37
close as expected, and the process won't be in dispute.
31:41
So far, no civil unrest has occurred because of the election
31:44
results. That is prompting the unwinding
31:47
of safe haven long gold and you could say silver trades a
31:52
stronger greenback and a higher treasury.
31:55
Yields today are also bad for gold.
31:57
This was yesterday right? Revisiting how stupid that was
32:01
what happened yesterday in my opinion.
32:03
This is from Barons headline quote.
32:05
Trump's win could stoke inflation.
32:09
OK, turning the Fed more hawkish.
32:12
Wrong. OK, the story said Trump's
32:16
promised trade tariffs quote may lift inflation and create
32:20
potential supply or demand shocks.
32:23
That's true, no doubt about it. But the Fed being able to enact
32:27
some type of tight monetary policy?
32:31
Not going to happen guys, not going to happen.
32:34
Now let's go see what Lobo Tigray said.
32:37
Lobo Tigray, one of the one of the smartest guys in the in the
32:41
room, right, very closely followed analyst.
32:44
This is what he said yesterday. I'm going to highlight this.
32:49
Given the promises, I can't see why stock I can I can see why
32:54
stocks and Bitcoin would soar, referring to Trump's promises
32:58
that he made during the campaign, but I can't think of
33:01
what Trump Trump promised that's bad for gold.
33:05
And I'll throw in silver from my perspective as well, unless
33:10
traders are idiotically thinking that higher inflation will send
33:15
gold lower because the Fed will have to raise raise rates.
33:19
If so, a mistake equals an opportunity.
33:23
That's why I was buying. I bought some silver miner stock
33:26
yesterday, guys. You know, maybe I'm wrong, I
33:28
don't know. Hey, Jake, Pin backs magic
33:31
button. OK.
33:32
Hey, let's throw Jacob. Jake does a tremendous amount of
33:36
work for the channel. Thank you, Jake.
33:38
We got breaking news, guys. We need to go press the pin
33:41
backs magic button. They haven't told me to stop
33:45
calling it that yet. Hold on.
33:47
Thank you, Jake. Let's see what's going on, boys
33:50
and girls. And there's pin backs.
33:53
And we're going to acknowledge that.
33:56
And we will. You ready?
33:57
Hold your breath, OK? We're up $0.52 in silver gold,
34:04
up $29.00. All right, man, I got to admit,
34:10
that feels good. Does that feel good to you?
34:11
Don't. Don't forget two guys.
34:13
I've got the $90.00 silver chart.
34:16
The ultimate medicine. It's like a it's like a
34:18
cortisone shot or whatever they give you when your back hurts.
34:21
OK, so Lobo Tigray, Matthew Pipenberg, this is is this
34:27
smart? I think it's with gold
34:28
Switzerland. Matt Pipenberg is the is the
34:32
best. OK, he's giving us a big, big
34:34
warning. Let's briefly go check out what
34:37
Pipen Pet Pipenberg. I'm sorry, Matthew Pipenberg is
34:41
saying. He says a recession is already
34:44
here as U.S. debt crisis makes growth impossible.
34:49
This is from an interview that he did with Jeremy Safran on
34:52
Kitco. You can go watch that later if
34:54
you like. If you've never listened to this
34:57
guy, OK, There's a couple guys that I really got a ton of
35:01
respect for. We're hold on here.
35:03
We're all over the place. There we go.
35:05
That right there is Matt Pipenberg.
35:06
He's good, too. He's a good journalist.
35:08
Matt Pipenberg. Phil Streibel from Blue Line
35:12
Futures, He puts out a video every morning.
35:14
These are the smart guys. Lobo Tigray, right from Brazil.
35:18
Not Lobo. Lobo Tigray is a smart guy also.
35:21
We'd looked at him earlier. Darn it.
35:24
I'm forgetting Tavi Costa. I believe it is right.
35:29
So these are the people we want to listen to.
35:31
They know they're smart and they're honest.
35:33
And he says the US is already in a recession and a global debt
35:37
crisis makes economic growth mathematically impossible.
35:41
Thank you, Matthew. You do have a calculator like I
35:44
do. According to Matthew Piken
35:46
Pipenberg, partner at von Guriez, this is a is is as big
35:51
of a moment as 1971 when the United States closed the gold
35:56
window, Heipenberg told Jeremy Safran, anchor at Kitco News,
35:59
adding that the currency crisis is already here.
36:04
I mean, look, all politics aside, that's what Trump is
36:08
inheriting. A currency crisis, a debt
36:11
crisis, an economy that's not working.
36:14
Let me explain it to you this way guys.
36:18
I'll explain to you a SEC. Traditionally, economic
36:20
indicators such as unemployment, CPI, core PCE don't tell the
36:25
full story as there's already underlying weakness in the
36:29
economy. To say that we're not in a hard
36:32
landing or going towards 1 is comical.
36:35
In a world of debt complexity, currency complexity, and
36:39
precious metal complexity, they're still trying to optimize
36:42
and come up with ways to get around the hard math.
36:46
That's what we always say. Mathematics shows no forgiveness
36:48
on the altar of truth, of being far too over their skis in debt
36:54
to have real growth, to have a real way of a soft landing.
36:59
OK, this is what I want to tell you.
37:00
Think of this again. This is what this is what Trump
37:04
is inheriting, right? This I, I'm, don't get mad at
37:09
me. I got to show you one more time,
37:11
this is what Trump is inheriting, OK?
37:15
We've gone through that ad nauseam, a debt spiral, OK?
37:19
Now think of it as A and what Heisenberg is saying is we're in
37:24
a recession. We're heading toward however you
37:26
want to say it. It's all smoke and mirror, funny
37:28
business going on, fantasy island, economy, Disneyland,
37:33
accounting, whatever you want to say it.
37:34
But the easy way for you to understand it is if you just got
37:38
yourself in too much debt on a personal level, so much debt
37:42
that the interest payments were eating up 40% of your income,
37:47
50% of your income, whatever the number may be, and you didn't
37:50
have the luxury of being able to print your own money, right?
37:54
But you don't. And in the end, the United
37:56
States can't defy the laws of nature, the laws of mathematics
38:00
forever, that eventually it constrains growth.
38:03
You would have a very hard time getting accumulating any real
38:07
wealth if you did indeed get to that point.
38:12
So what do you think happened yesterday?
38:13
I reached out to Michael, one of the owners at Pmbek's, regarding
38:17
how the retail silver investing community reacted to what
38:21
happened yesterday. I want to share with you here.
38:24
He got back to me very busy man, so I appreciate him getting back
38:28
to me. Here's his feedback to me
38:30
yesterday to give us some insight into what what the
38:34
average stacker kind of person was doing yesterday.
38:37
He said Wednesday. That was the yesterday when we
38:40
got the election results was heavier than usual with the
38:43
majority of retail sales occurring after the market
38:47
reached $31.00. So once silver got the 31 spot,
38:53
people moved in. That's interesting.
38:56
OK. Some of these purchases were
38:58
from folks who were clearly waiting for the dip.
39:01
Other buyers were more were cost averaging down their recent
39:05
orders. Customers were in high spirits.
39:07
That's good to hear. And we had a multitude of
39:10
positive phone calls and interactions throughout the day
39:13
and we even met some new basement dwellers.
39:15
All right guys, thank you for giving Pinbeck's a check.
39:19
Thanks for checking in. So what he's telling us is
39:22
people were in good spirits. But I think I think probably the
39:25
biggest take away from that insight from Michael, one of the
39:28
owners of Pinbeck's, is the fact that once the price of silver
39:32
hit $31, they, the buyers moved in.
39:36
Let's go out and take a quick look at the silver chart and see
39:39
why that could be very, very important.
39:43
And I need to put you on the right screen, which we are.
39:47
OK, All right. Gold futures market of $22.00.
39:52
Here's silver. Wow, Silver having a good day.
39:57
We'll take it, we'll take it. All right, here's silver, $31.82
40:03
in the futures market. But let's go to full screen and
40:06
let's see kind of what happened yesterday and when these people
40:11
moved in. That's a 5 day chart.
40:14
Let's go to a one month chart. So that's his futures.
40:19
But basically, well, that that's what he's saying, right?
40:21
These prices are going to be a little bit higher than spot, but
40:25
still this is when people moved in.
40:27
Let's look at a six month chart and see if we can see it on
40:30
there. I'm going to draw a line here a
40:35
little bit, OK, about right here.
40:41
No, that's wrong. Hold on, me and my lines.
40:45
There we go. OK, so there we are.
40:50
There we are. I'm getting angry.
40:55
You're going to watch me meltdown here soon in the live
40:58
stream. One more try.
40:59
I want a straight line. There we go.
41:02
OK. So that's when the buyers moved
41:04
in around that 3150 probably in the futures market 3125 range,
41:10
guys, we didn't drop all that far below what I would say is
41:16
this critical? Let's draw another red line on
41:20
here, OK? That's the like 3250 range, OK.
41:25
If we can get back up above that, especially on a weekly
41:28
basis, what is today, Wednesday, we could still be in very, very
41:32
good shape in the silver market. And let's go out, let's go out
41:36
to two years here. Take a look at the silver chart
41:42
on A2 year basis. I mean, I don't know.
41:46
I would think that. Yeah.
41:48
Some, I don't know. Let me draw that.
41:51
Let me let me draw a one life. I promise no more crayons after
41:54
this. Let's go.
41:57
You know, I mean, I would say that we're still in a very solid
42:02
upward trend in the silver market.
42:05
Now what you want to hear about is $90.00 silver.
42:10
Are we ready? I mean, I know it feels hard to
42:13
believe, but I thought this very simple chart and very simple
42:18
tweet from one of my favorite analyst was telling in terms of
42:23
what we could expect. This came from our friend
42:26
Dowgold Equals One. And let's just highlight here
42:30
what he said. He said Silver could absolutely
42:33
make this move to $90.00 by next year, $90.00 per oz.
42:40
OK, down nearly 5% today. That was yesterday.
42:43
The bowl. This is what's critical to
42:45
understand. The bowl wants as few people
42:50
along for the ride as possible. And guys, why?
42:55
And then we're going to look at this chart.
42:56
But I need to look you in the eye.
42:59
We talked about silver is a volatile metal.
43:02
Absolutely we'll shoot up, we'll shoot down, no doubt about it.
43:05
We got to be prepared for volatility.
43:07
The bull market, right, an upward market, it's not going to
43:11
go straight up. Let me see if, OK, I'm going to
43:14
draw this. This is the silver price going
43:17
up and up and up. But notice it goes up, it goes
43:20
down, it goes up more, it goes down.
43:22
As long as we're getting higher highs and what that is and
43:26
silver as a does this, it's the bull market throwing off the
43:32
weaklings. It's the bull market saying get
43:36
out of here. You know, you don't want to go
43:37
for the ride, right? You're too you don't you don't
43:40
have the the belief or the OR the conviction.
43:43
You're done. Get out of here.
43:45
Now let's look at the chart that he has for us.
43:50
To me, this makes sense. And he has this big downward
43:53
channel right from 2011. These are, this is the weekly
43:57
close. It says that up here somewhere.
44:00
Yeah, one week, OK, in sill and the silver price and you see
44:04
this big long downward channel that we broke out of.
44:08
And you know, if we didn't get down, this is what, about $31.00
44:13
range? So what he's saying is we should
44:15
go out big move, pull back, big move up to $90.00 during 2025.
44:23
In the comments on this guy's post, you know, are are that he
44:28
has been very, very accurate as of late.
44:32
So we'll see how that pulls out. I can see it.
44:34
Can you see it? You know what, do me a favor, if
44:37
you think we can get $90.00 silver, I'm going to do it.
44:40
I think we can. I believe, right?
44:42
I know people say, oh, you're a pumper, you're, you know, blah,
44:45
blah, blah. They told me I was a pumper on
44:48
gold when gold was 1800 and I thought that it could get the
44:51
2520. OK, they're going to call you
44:53
all kinds of names. That's fine.
44:55
But if you believe that we could get 90 next year, type it in
44:59
there. If you think something lower or
45:00
higher, type it in there. Let's see what we all think,
45:04
right? We're in this together.
45:08
I don't have my normal set up, so I apologize for the slight
45:11
delays we did have. That was the other thing, right?
45:16
We did have a massive almost record level.
45:20
Some people I've seen say record level short position at the
45:23
Comex on silver and gold too, I believe.
45:27
So that move yesterday, right was was gave these shorts an
45:32
opportunity to cover their shorts.
45:34
Guys, we could be onward and upward from here.
45:37
What does Peter Schiff have to say?
45:39
Let's go see what Peter Schiff says about what happened
45:42
yesterday. There it is.
45:44
OK Peter Schiff says the best Trump trade now is buying the
45:49
dip in gold, and I'll say maybe silver to Peter and gold and
45:54
silver mining stocks. Cutting taxes is easy.
45:58
We know from experience that substantive spending cuts are
46:02
impossible, right? So they're not going to cut
46:05
spending and they're going to cut taxes, right?
46:08
Think about this, guys. Even Reagan couldn't do it,
46:10
despite making greater, greater promises to do so.
46:14
Reagan couldn't do it. Trump's not going to be able to
46:17
do it. Or he will cut taxes, but he
46:19
won't cut spending. OK?
46:21
Trump will make inflation great again, right?
46:25
We are in for inflation, guys. It is going to be, it is going
46:29
to be a new, absolute new environment for silver and gold,
46:35
a new paradigm, a new world, however you want to say it.
46:39
This, this temporary. I think we had a one or two day
46:42
or maybe a couple weeks here where people are still stuck in
46:47
their old fashioned way of thinking like, well, inflation's
46:49
bad for gold and silver. No, inflation has never been bad
46:54
for gold and silver. Never over thousands of years.
46:58
It's the primary function of gold and silver to protect
47:02
people against inflation. Currency debasement.
47:06
Unicorn fart does Fiat paper money however you want to say
47:10
it. That's not going to change.
47:13
It is just absolutely not going to change.
47:15
What did granny have to say about yesterday, Right?
47:20
Silver down almost 5%, but sil J Sil J is the ETF.
47:26
What he's saying is the junior silver mining stocks were only
47:29
down 2%. What?
47:31
What's going on? Seeing the same thing all over
47:34
again equals greater underlying bullishness.
47:38
The federal FOMC rate cut decision is tomorrow, which is
47:43
now today. OK.
47:45
So it's a lot going on, a lot of movement.
47:48
At the end of the day, guys, this movement down in the gold
47:51
and silver price was just some risk off behavior, right?
47:56
The domestic post election fear gone domestically here in the
48:01
United States, Trump is going to is suddenly be able to usher in
48:07
a new era of World Peace. That idea, OK, that's now been
48:11
priced in to gold and silver in this wrong, wrong, wrong, wrong
48:18
with a capital R or W, however you want to spell it.
48:22
Wrong idea. That high inflation, which
48:25
absolutely that's not wrong. The inflation, baby.
48:29
Get ready for $8 a gallon milk if it's $4.00 where you live
48:33
now, get ready to pay $8. I'm telling you right.
48:37
Kiss, kiss. Having steaks goodbye.
48:42
We're going to be eating hamburgers.
48:43
I can teach you how to make the world's best hamburger.
48:45
Nonetheless, inflation is coming with the wrong idea.
48:49
That high inflation is going to mean that the Fed is going to be
48:52
able to put in tight monitor. No, not going to happen.
48:55
Not going to happen. OK, not going to happen.
49:00
Let the dust settle. Jake from Jake's custom Parts
49:03
said that yesterday. And as the dust settles, right,
49:06
we're going to see what plays out.
49:08
I need to say thank you to the moderators.
49:11
Thank you for being here today, Jake, Annie, Big Tim, the
49:14
silvershire and I want to say thank you to channel sponsor
49:18
First Mining Gold. Don't forget guys, they they
49:21
filed for their environmental related permit and one of their
49:25
big projects a great company with two multi million ounce
49:29
development stage projects in Canada.
49:31
Thank you first Mining for the sponsorship.
49:33
Fortuna Mining reported record profits for the third quarter.
49:39
They just put that out last night I'll be talking with Jorge
49:41
Gonoza the CEO later today. Thank you Fortuna Mining for
49:46
sponsoring Ron's basement and dirty man safe.
49:50
I'm telling you guys, if here, let's take a look if there's The
49:55
Dirty man right there. The Dirty Man safe.
49:59
If you're looking for a good Christmas present for somebody
50:02
who likes to stack silver, gold as valuables, this gives you the
50:07
the cool opportunity to do what the pirates did right.
50:10
The pirates buried their treasure in the ground and
50:13
that's what The Dirty Man Safe allows you to do.
50:15
You can learn more about it at dirtymansafe.com and you can get
50:17
10% off with discount code Ron 10.
50:21
All right, guys, have a great day.
50:23
Thank you for being here. Let's go.
50:24
Let's go. Could be bad, could be good, but
50:27
we'll go. Check one more time.
50:29
Press the Pembex magic button and OK, baby up $32 on gold,
50:36
$0.57 on silver. Not bad.
50:40
Gosh, after yesterday, you know you deserve it.
50:44
I deserve it. Have a great day.
50:47
OK. Thank you.
50:48
Right. You're important.
50:49
Let's be nice to ourselves, nice to other people today.
50:52
And I will see you soon. Thank you.