Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT! $40 or $29!** Silver Price You Best LISTEN Up - (Gold Price too)

Transcript

**ALERT! $40 or $29!** Silver Price You Best LISTEN Up - (Gold Price too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  We have a massive update for the precious metals markets.
• 0:04
  Could we be in for a silver squeeze?
• 0:07
  What is going on at the Comex? And a lot, lot more because
• 0:10
  there is a lot going on. But first, thank you for joining
• 0:13
  me here in the basement. This is a live recorded video.
• 0:16
  It's always a big deal when you're down here with me.
• 0:19
  I hope you feel like you found a home away from home.
• 0:22
  Please subscribe to the channel, give the video a thumbs up and
• 0:25
  share it with everybody, including grandma and grandpa or
• 0:28
  grandchildren. But let's dig right in and take
• 0:31
  a look at what is going on. It is nuts in the silver market
• 0:36
  in particular right now. We get this from Chris Marcus
• 0:40
  over at Arcadia Economics. He and others are reporting on a
• 0:45
  near record, very close to a record short position in the
• 0:50
  electronic paper markets for silver.
• 0:53
  Let's just dig right into the data here.
• 0:56
  Here we go. The all time record high for
• 0:59
  silver short contracts is 49,609.
• 1:03
  That was in July of 2016. We're going to look at what
• 1:06
  happened after July of 2016 in just one second.
• 1:10
  Currently, while the bank's silver short position did indeed
• 1:14
  increase last week, it fell just a fraction shy of the record at
• 1:19
  49,099. So about what 500 contracts
• 1:24
  short now, as I promised, let's go take a look at what happened
• 1:30
  last time we had a a record short position in on the on the
• 1:36
  on the electronic markets. Let's just get the crayons out
• 1:39
  here. I can show you right here is
• 1:43
  where we were when that was the case.
• 1:45
  And as you can see, we did have a little bit of a drawdown.
• 1:49
  Now, why is this important, right?
• 1:51
  Why do we want to pay attention to the short position?
• 1:53
  Could it create a squeeze? Absolutely.
• 1:56
  Just because last time the price went down doesn't mean that has
• 2:00
  to be the case this time because things are much different right
• 2:04
  now. You know everything that's going
• 2:06
  on in the world and those short positions eventually do have to
• 2:11
  be covered. It could absolutely trigger a
• 2:15
  short squeeze or a mini squeeze like the analysted TD had been
• 2:19
  talking about. Now, they could also tamp the
• 2:22
  price down like they've had some success doing in the past.
• 2:25
  But we know eventually the true physical demand, the the true
• 2:30
  physical price of silver will rule the day.
• 2:33
  We know what's going on in China.
• 2:35
  We know what's going on everywhere.
• 2:37
  Let's just take a look though. It's some absolute crazy data
• 2:41
  that we're seeing from the paper markets right now.
• 2:45
  This comes from the dude. This was actually Thursday's
• 2:49
  data, but still astounding on Thursday, the paper silver
• 2:54
  market, the electronic market, the COMEX and the LBMA, right?
• 2:58
  They traded almost 500 million paper oz guys.
• 3:03
  You know the reality, right? The entire mining sector on an
• 3:08
  annual basis, a yearly basis produces about 800 million
• 3:13
  ounces of silver out of that 800 million physical ounces of
• 3:19
  silver, right? Like this.
• 3:20
  I'll talk about this in one second.
• 3:22
  In one day, the paper markets trading 500, five, 100 million
• 3:27
  of the 800 million. It's going to break.
• 3:29
  It's not going to work. While I've got this up, this is
• 3:32
  the Year of the Dragon coin from Channel Spot, sponsor of gold
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• 3:41
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  $199. Great service, great selection.
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  It's a company you can trust. Now let's move on.
• 4:24
  Let's just look at the chart real quickly as we're talking
• 4:26
  about silver because it is getting absolutely exciting.
• 4:32
  OK, let's get rid of this and let's just point out here
• 4:36
  something that everybody's talking about and that is we'll
• 4:41
  look at the one year chart as as we broke above $35 per oz, how
• 4:47
  critical it was that we do that for several days, right?
• 4:53
  And now we're on like the 9th day I believe it is that we are
• 4:56
  up here. I don't even want to cover that
• 4:59
  up. It's so beautiful that third,
• 5:02
  that red line is $35 that we do that we stay above for two or
• 5:06
  three or four days. Different people have different
• 5:08
  opinions. But the longer we stay above 2
• 5:11
  to three days is the minimum, the more likely it is that we're
• 5:14
  going to stay up here and set a new floor at $35.
• 5:19
  And that we do it on volume. And as you can see, right, as we
• 5:23
  just talked about with that data from the dude, we did it on
• 5:26
  volume. Now look, I believe in the next
• 5:29
  30 days, we're going to see the silver price either go to $40
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  plus per oz or or if the big dirty bankers are successful
• 5:40
  that we could get tamped down into that $2930 per oz range.
• 5:45
  We'll see how it all plays out. It's going to be very, very
• 5:48
  interesting, but I'll be here with you through it all.
• 5:51
  Hey, I also want to say thank you to channel sponsor First
• 5:53
  Mining Gold. They're sponsoring our gold and
• 5:56
  silver content there, a gold development, development stage
• 5:59
  company. They are in Canada.
• 6:01
  They have two massive projects in Canada, Du Parquet project,
• 6:06
  which is in Quebec, and the Spring Pole project, which is
• 6:10
  located in Ontario. These are both development stage
• 6:13
  projects. The gold is there, it's been
• 6:15
  defined, it's in the ground. They're working through the
• 6:18
  permitting process. They also have a little kicker
• 6:21
  project, the Cameron Project, which itself has around
• 6:25
  1,000,000 ounces of gold in the ground in Canada.
• 6:28
  I love buying gold mining stocks.
• 6:30
  I love the idea of owning gold in the ground in the value
• 6:34
  proposition. Look, I'm not a financial
• 6:36
  advisor, Don't make any financial decisions based on
• 6:39
  anything I say. But when you look at these
• 6:41
  development stage companies in the gold sector and the silver
• 6:45
  sector, you can buy these ounces in the ground for what are
• 6:48
  historically very, very attractive prices.
• 6:52
  You can learn more at firstmininggold.com and you can
• 6:55
  even reach a live person there, Mr. Paul Morris,
• 6:58
  directorofinvestorrelationspaul@firstmininggold.com. Is gold, but is gold peaking,
• 7:04
  right? Are you hearing this argument?
• 7:06
  People are saying what? When you do an inflation
• 7:08
  adjustment for the 1980 high pricing gold, it's about $3500.
• 7:13
  Let's dig into that because it's very interesting what we can
• 7:17
  learn. This article is from Zero Hedge
• 7:20
  and points out some fascinating 2 fascinating things about this
• 7:25
  1980 comparison authored by Adam Sharp via The Daily Reckoning.
• 7:31
  Is gold peaking or just warming up right?
• 7:33
  Have we reached the 1980 high? January of 1980, the price of
• 7:38
  gold reached a peak of $850. According to official US
• 7:43
  inflation statistics, $850 in January of 1980 would be the
• 7:48
  equivalent of $3500 today. In the 45 years since then, gold
• 7:53
  is increased in value nearly 300% to where it is today.
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  That's getting close to the quote UN quote official
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  inflation adjusted 1980 price of 3500.
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  So are we nearing an inflation adjusted peak price and go?
• 8:09
  But, but and it's a big butt and you know, I like big butts.
• 8:14
  I don't lie about that here. Since 1980, we need to consider
• 8:19
  America's monetary base has increased from 156 a 156 billion
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  to more than 5.7 trillion 3500% increase.
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  Additionally, in 1980, the US government only had 845 billion
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  in debt. Nobody even knew what a trillion
• 8:36
  was back then. Today it's over 36 trillion,
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  very close to 37 trillion, 4000 percent higher, further or more.
• 8:43
  In 1980, America's debt to GDP ratio was around 35%.
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  Today it's at 124%. That everybody knows there's no
• 8:52
  coming back from. So no, we aren't approaching a
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  peak in the gold price. Not even close.
• 8:58
  But wait, there's more. There's even another big but,
• 9:02
  and that is that anyone who studied the way official
• 9:06
  inflation is calculated knows it's suspicious at best.
• 9:10
  So when we look at these 1980 inflation adjusted gold prices
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  blah blah blah, we got to consider two things #1 the
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  United States financial or fiscal condition is way worse
• 9:23
  right now #2 to the inflation data they used to adjust those
• 9:28
  1980 prices. Everybody knows is wrong is low,
• 9:32
  right from the Bureau of Lies and Statistics.
• 9:35
  Nonetheless, if we use the real inflation numbers, we probably
• 9:39
  would have an inflation adjusted gold price today in 1980 dollars
• 9:43
  that would be closer to $5000 per oz.
• 9:48
  Hey, I want to mention to you guys about a company that's
• 9:50
  peaked my interest. Nevgold, I did a sponsored video
• 9:54
  with them last week and a very interesting proposition offered
• 10:00
  by Nevgo. Let me get their website up here
• 10:03
  for you. There you go.
• 10:04
  You can see it now. They're a junior gold mining,
• 10:08
  gold exploration development stage company, but but they've
• 10:12
  two big projects and they're both in the United States, OK,
• 10:16
  Idaho and Nevada. And on top of that, they've got
• 10:20
  this very interesting, a limousine project in Nevada, and
• 10:25
  it has antimony, right? They got big gold deposits
• 10:28
  already. But they also now are realizing
• 10:31
  they have antimony. And antimony is becoming very,
• 10:34
  very important because the Chinese like, stopped exporting
• 10:37
  it to the United States. And it's a critical metal for
• 10:41
  the defense industry. So this company is very
• 10:44
  interesting. They're drilling right now.
• 10:46
  They're expanding their resource.
• 10:49
  They got this antimony bonus. They're in a good jurisdiction,
• 10:52
  and jurisdiction with everything going on in the world right now,
• 10:55
  is becoming more and more important.
• 10:57
  They're a junior gold stock with ounces in the United States.
• 11:01
  And this antimony kicker, you know, the gold price is up.
• 11:05
  Antimony price, last I looked was way up, almost doubled at
• 11:09
  one point, and they're drilling for both right now.
• 11:12
  You can check them out here at their website,
• 11:14
  nevgoldnevdashgold.com. They're on the TSX and the OTC
• 11:20
  market here in the United States.
• 11:22
  So what do you guys make of all the stuff going on?
• 11:26
  We're not even going to really touch on geopolitical issues.
• 11:28
  We know the Israel, Iran situation is blowing up, but it
• 11:33
  is just absolutely incredible. And then on top of it, just here
• 11:37
  in the United States, let's have some fun.
• 11:39
  Let's look at some market insanity.
• 11:41
  We're going to call this segment market insanity because there is
• 11:45
  a lot of insanity in the market right now here.
• 11:51
  Let's look at US home sale. Let's look at the market, at the
• 11:54
  real estate market, critical component of the US economy.
• 11:58
  Like we all need somewhere to sleep, right?
• 12:02
  We all need shelter. And what we're seeing is that US
• 12:04
  home sellers are now sitting on a nearly 700 billion worth of
• 12:09
  listings, an all time high. There's never been more a home
• 12:15
  value for sale, right, people trying to dump their houses than
• 12:19
  what we are seeing right now. Now it's even more interesting.
• 12:24
  Here we go. When we go to the Kobesi letter.
• 12:26
  I love what they put out. And he says this, let this sink
• 12:31
  in, basement dwellers. Now we have a rapid escalating
• 12:35
  war between Israel and brand. US tariff rates nearly the
• 12:40
  highest in 100 years. Hold on here, OK #3A Federal
• 12:47
  Reserve that is delaying interest rate cuts.
• 12:49
  A 10 year note yield rising back above 4.5%, right?
• 12:54
  The market is taking over oil prices of 40% in two months, a
• 12:58
  worsening debt ceiling and deficit spending crisis.
• 13:01
  Yet the S&P 500 is 2 or 3% away from a new all time high.
• 13:07
  You can't fight this market, right?
• 13:10
  But I think it's important for us to remember when we look at
• 13:13
  the stock markets, that's all in nominal terms, right?
• 13:16
  The stock market right in the next 1020 years could stay right
• 13:20
  where it is. But if the value of the dollar,
• 13:22
  the value of what you can buy for your dollar goes down in
• 13:26
  real terms, the stock market could definitely, definitely
• 13:29
  lose value. Stock market's a bubble.
• 13:31
  I won't get too much more into that.
• 13:33
  But what about gold China? Alright, let's talk about what
• 13:36
  what's going on there Before I do that, right, I want to say
• 13:39
  thank you to channel sponsor first meant of course, again,
• 13:44
  right? They are doing a great job
• 13:46
  getting silver into our hands. So thank you first meant for
• 13:50
  everything you're doing. Thank you to 1st Mining Gold
• 13:52
  also for sponsoring the gold and silver content here in the
• 13:57
  basement. And thank you due to Ledger and
• 13:59
  Moon Pay. Moon Pay is a fintech company
• 14:01
  growing and innovating like crazy, and Ledger is the
• 14:05
  cryptocurrency hardware wallet security leader.
• 14:09
  All right, guys, let's go look at what's going on with China
• 14:12
  with gold because we're getting news, more news out of China.
• 14:15
  And I've got something really funny for you that I'm going to
• 14:19
  want to share here as well. But we got news this week.
• 14:23
  China Central Bank, surprise, surprise, surprise, Sergeant
• 14:26
  Carter, right? Remember going over well, China
• 14:29
  Central Bank buys gold for the seventh straight month in May.
• 14:35
  When are they going to stop, right?
• 14:37
  It's unbelievable. China continues to add gold.
• 14:40
  But this next one, well, we'll go quickly out here to the
• 14:45
  Shanghai Gold Exchange just to get a quick update on what's
• 14:49
  going on in China since they are now like basically becoming the
• 14:54
  price discovery mechanism for precious metals.
• 14:57
  We can see silver, right, $38 per oz in the physical market on
• 15:04
  the Shanghai Gold Exchange right here.
• 15:06
  SGEAG, $38 per oz. All right, but this is got to be
• 15:11
  one of the funniest, I have to say.
• 15:12
  Vince, Lancey, Lancey. I always pronounce it wrong, but
• 15:16
  I've talked with Vince once before.
• 15:17
  Great guy, very nice guy. This is hilarious.
• 15:24
  I love you Vince for posting this.
• 15:26
  We all need a good laugh, he says.
• 15:28
  Great picture. This is Jake's custom parts.
• 15:30
  Reposted it a regular here in the channel and then then posted
• 15:33
  this. Breaking America's biggest gold
• 15:36
  exchange buys building next door to the SGE America's biggest
• 15:44
  gold exchange Costco, right? We know we know what's going on
• 15:48
  there. And they bought the building
• 15:51
  right next door to the to the Shanghai Gold Exchange.
• 15:54
  OK, big news coming up this week will be will be, as we all know,
• 15:59
  the Federal Reserve and Jerome Powell.
• 16:02
  It's going to be interesting. Let's go take a look and see
• 16:05
  what the markets are predicting in terms of interest rate cuts
• 16:09
  for this week. And for that, we're going to go
• 16:12
  out here to the Chicago Mercantile Exchange, Fed watch
• 16:16
  tool where we can see if we're going to get this announcement
• 16:18
  in four days, So Thursday of next week, I believe.
• 16:25
  But guys, basically there's 100% chance 99.6 will round up that
• 16:31
  rates are going to remain the same.
• 16:34
  But we know the big picture, right?
• 16:35
  We know what's coming. It's getting crazy out there,
• 16:38
  OK? Silver, I believe, right, with
• 16:41
  this almost record short position is positioned to
• 16:45
  catapult higher. Forty $45.00 an ounce, I, I
• 16:50
  believe are in our near future. Now, please, don't, you know,
• 16:53
  invest responsible? I'm not a financial advisor, you
• 16:56
  know all that. But when I look at everything
• 16:59
  going on, how do you feel about it?
• 17:01
  Do you see it? Like, Are you ready for $40
• 17:04
  silver? And let's remember, silver's
• 17:07
  been there before, right? It's been years and years since
• 17:11
  when 2011, but it can go there again.
• 17:14
  Silver can go to 50, silver can go to 60.
• 17:18
  I'm expecting $60.00 silver by April Fool's Day 2026.
• 17:23
  One thing we know for sure, I'll be here with you through it all.
• 17:27
  It's always a big deal when you join me in the basement.
• 17:29
  Please don't forget, subscribe to the channel, give the video
• 17:32
  thumbs up. And one last plug, don't forget
• 17:35
  about Dirty Man Safe. If you might have something
• 17:40
  right, maybe you have a safety deposit box, maybe you have a
• 17:43
  safe in your house, I don't know.
• 17:45
  But if you have something you want to diversify where you
• 17:47
  store things, there's nothing better than storing things in
• 17:50
  the ground. And that's what Dirty Man Safe
• 17:53
  allows you to do. OK.
• 17:55
  And don't forget we have a discount code as well.
• 17:58
  Ron 10. Can you see it there?
• 18:00
  Ron 10, you get 10% off. And you know, I like to think of
• 18:05
  it like the pirates. Where did they store their
• 18:06
  treasure? In the ground.
• 18:08
  What does Dirty Man allow you to do?
• 18:10
  Store it in the ground. Number one, you take care of
• 18:14
  yourself. I appreciate you being here.
• 18:16
  OK. I'll look forward to seeing you
• 18:18
  next time. Thank you.
• 18:22
  Let's go.