Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨SHOCKING🚨 China's SILVER Price Giving You a WARNING!

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🚨SHOCKING🚨 China's SILVER Price Giving You a WARNING! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:03
  Is silver preparing for the big? Run through 32 through. $35 all.
• 0:09
  The way to maybe 40? Dollars per oz are.
• 0:12
  We in the. Fight of our lives.
• 0:14
  Right now we've got big. News to cover.
• 0:16
  Today in the silver. Market, but we're.
• 0:18
  Going to talk about gold? As well.
• 0:21
  But things are beginning to come unglued.
• 0:24
  Are you starting to feel it? But.
• 0:26
  What are the big? Factors that we.
• 0:28
  Need to keep on top. Of about what's?
• 0:30
  Going on in the silver market, in the gold market?
• 0:33
  Let's get started right now. There's massive developments at
• 0:37
  the Comex, there's massive developments in China.
• 0:40
  There's something hilarious. That I'm going to share with you
• 0:44
  I. Think it's the.
• 0:44
  Funniest thing I've ever seen. And it has everything to do
• 0:48
  with. Silver, and if you're a silver
• 0:50
  bug. Or.
• 0:51
  Stacker. Whatever we want to call
• 0:53
  ourselves like I am. I think you'll find this funny
• 0:55
  as well, but. Let's.
• 0:56
  Let's go straight to China, our friend John.
• 0:59
  Little gave us this guys. There are major.
• 1:02
  Developments in China and what does it mean?
• 1:05
  What does it mean that the? The silver price is.
• 1:11
  Significantly higher in China. The vaults in China are being
• 1:15
  drained. Guess what?
• 1:16
  What's what? It makes sense to us that if the
• 1:19
  vaults in China are being drained that they're gonna need
• 1:22
  to. Refill them?
• 1:23
  How do? You think they're gonna refill?
• 1:25
  Them if you were in China and you had to refill.
• 1:27
  Your silver vault and you were able to sell silver for 30. $6
• 1:32
  do you think? Maybe it'd be.
• 1:33
  Attractive to you to. Buy it from the Comex.
• 1:36
  Or the LBMA for $32 per. Oz Oh my gosh, And by the.
• 1:40
  Way let's just run. Out and take a quick.
• 1:43
  Look, I mean, look at this guys. Thank you to our channel sponsor
• 1:46
  Pin Backs, who's telling us this morning.
• 1:48
  That we do have silver over $32 per oz We're.
• 1:53
  Going to talk about why that's such a mess and we've got so
• 1:55
  much massiveness to talk about going on in this market.
• 1:58
  Right now, but we'll get to that.
• 1:59
  In a little bit. Silver $32.
• 2:02
  And eight cents. Per Oz Gold 2000. $360.00 per
• 2:07
  oz. Still a stone's throw away from
• 2:11
  an all time high. Hey, if you want to get your
• 2:13
  hands on some silver, gold or platinum.
• 2:15
  Before the prices potentially. Continue to go up, up.
• 2:19
  Up do yourself. A favor?
• 2:20
  Check out Pinbex. As you can see.
• 2:23
  They have American. Eagles.
• 2:24
  They have Libertads, they have all types of gold, silver.
• 2:27
  And platinum group medals. But they also have the best
• 2:30
  prices. A great reputation and great.
• 2:32
  Selection. Do yourself.
• 2:33
  A favor and check out. Pinbex but.
• 2:36
  Look what our friend John Little.
• 2:37
  Over at the Silver. Academy tells us this morning
• 2:39
  China celebrates memorial. Day by draining 33.
• 2:43
  Tons from the Shanghai vaults. We're going to check in on our
• 2:47
  friend Shanghai Ghost in just one second, but China has been
• 2:51
  celebrating. Memorial Day by draining 30.
• 2:53
  Three this down to here's what we want to look at 33 tons from
• 2:57
  the Shanghai. Vaults yesterday, Bolt stocks
• 3:00
  now below 20. Four, they only have 24,000,000
• 3:03
  oz. Meanwhile, we learned that
• 3:06
  silver and. Aerospace double S every two
• 3:08
  years. John is teaching us so much.
• 3:10
  Here Guy Silver powering the. AI revolution the.
• 3:14
  Robotics, Electric trains, electric vehicles, Drones self.
• 3:16
  Driving car self driving trucks. Fuel cell cars, Fuel cell
• 3:19
  trucks, torpedoes, microchips. Water.
• 3:24
  And what do they call that? Not desalinization, but
• 3:28
  cleaning. Whatever that that term is,
• 3:30
  that's a huge. Thing cleaning, water
• 3:32
  filtration. It's just everywhere we look.
• 3:36
  Silver Silver Power, Solar. Energy now exceeding 1000.
• 3:41
  Gigawatts each GW uses. Only only a half million ounces.
• 3:46
  Of silver let's go check this out though, because.
• 3:48
  So we know what does. It tell us.
• 3:51
  When the bolts are being drained, we know there's not a
• 3:54
  ton. There's actually a little bit.
• 3:56
  It's been going up. OK, we're gonna be a fair here
• 3:59
  at the. Comex and I believe the LBMA.
• 4:01
  As well the registered. Inventory has been going up, but
• 4:03
  you know why? This is why I think why?
• 4:06
  Because the boys in Shanghai. Are taking all the silver.
• 4:09
  So they have to keep. Transferring more and more
• 4:12
  silver in the West. Into the registered category
• 4:16
  because. Who wouldn't think about?
• 4:18
  I want you to think about. This.
• 4:20
  If you could instantly. Buy something for $32 an ounce
• 4:25
  and then turn around and immediately.
• 4:27
  Sell it for 3550 or $36 per oz. That's exactly what's.
• 4:33
  Going on right now guys. So that's.
• 4:35
  Why you hear that? Big sucking noise if you go
• 4:37
  outside and you live in the Midwest.
• 4:39
  Like I do. You're going to hear what?
• 4:40
  You think are cicadas, but they're not cicadas.
• 4:44
  That's. China.
• 4:45
  Sucking all big, so whatever. You do.
• 4:48
  I have some big this is this is. Important silver stackers.
• 4:51
  You might want to make. Sure you have your silver vault
• 4:54
  or bolted? Down because the Chinese.
• 4:57
  Are going to try to suck it right out of your.
• 4:58
  Hands let's. Go.
• 5:00
  Well, let's just go over here and see.
• 5:01
  What else John has to say this morning?
• 5:04
  It was a. AA AA double.
• 5:05
  Whammy for the Silver Academy and again, you can check them
• 5:09
  out that. The Silver Academy sub stack
• 5:12
  dot. Com I have no vault vested
• 5:15
  interest in in trying to get. You guys to go there?
• 5:17
  I just think it's a great place to get great.
• 5:19
  Information and our friend John Little works.
• 5:23
  Tirelessly Shanghai silver vaults.
• 5:25
  Drop. We know that already.
• 5:26
  Silver hit 36. Dollars per oz overnight, guys,
• 5:30
  we're going to. Look at this data in.
• 5:32
  China 36. Dollars we just saw.
• 5:36
  It's hitting $32 in the. US.
• 5:39
  Look, I'm always I don't know about you.
• 5:41
  But I'm always like a. Conservative like.
• 5:46
  And I can wait. Till you see this.
• 5:47
  This image I'm going to. Show you later about silver
• 5:50
  you're going to crack up but anyway I'm.
• 5:52
  Always being cautiously. Optimistic, that's the word.
• 5:55
  I'm. Looking 2 words I'm looking.
• 5:56
  For but gosh. Darn it, Silver hit 30. $6 per.
• 6:00
  Oz in China overnight, 10 to 13. Percent arbitrage for all
• 6:05
  importers. Silver Squeeze accelerating.
• 6:09
  It's Tuesday. Morning.
• 6:11
  I'll probably say Monday because it feels like.
• 6:12
  Monday, but Tuesday morning early.
• 6:15
  Squeeze, squeeze, squeeze. The silver market silver closed.
• 6:20
  On the Shanghai Gold Exchange at 36 O one.
• 6:24
  OK, so here's the. Eight, 8232.
• 6:28
  Yuan equals and they do all this math for us A. $1058 divided.
• 6:34
  By 32.15 I think that's oz. I'm sorry in a kilo and that
• 6:42
  comes to. 36. O1 OK now?
• 6:46
  We looked at that. Oh, this.
• 6:48
  We got to look at this chart. This is beauty.
• 6:50
  This shows it graphically. That's silver, the white.
• 6:53
  Line at the LBMA. The gold line is Shanghai.
• 6:57
  Silver, look at the. Difference in the prices guys,
• 7:01
  it is unbelievable. OK this will only.
• 7:05
  Serve. What do you?
• 7:06
  Think right, We'll only serve. Let's go out and look at our
• 7:09
  friend Shanghai Ghost, OK, he's he has the closing price on the
• 7:14
  Shanghai Gold Exchange at 3551 and the Shanghai.
• 7:19
  Futures Exchange at 3541. Look at.
• 7:23
  These gold prices 2000. 383. Dollars closing in on 2400 I.
• 7:30
  Guess the vaults. Maybe they went.
• 7:32
  Up a little bit, but. Nonetheless, we've got nothing
• 7:35
  but. Crazy good news.
• 7:37
  When it comes to the. Silver price.
• 7:40
  And it comes to China warning. Think about.
• 7:42
  This as a silver investor, OK if I'm not buying silver.
• 7:47
  Right now. OK.
• 7:48
  Sorry, Charlie. I bought.
• 7:50
  I've been buying. Silver for 20 years.
• 7:52
  I keep it at a safe, secure off site location.
• 7:54
  But nonetheless, if you're still in the position where you're
• 7:57
  wanting to. Add to your stack.
• 7:59
  Do it. Prudently.
• 8:01
  Do it by dollar cost. Averaging.
• 8:03
  We don't know. I don't have a crystal ball.
• 8:05
  I can't tell you for sure, I believe.
• 8:07
  We're gonna have much, much. Higher silver prices as a
• 8:09
  matter. Of fact, let's do a blast from
• 8:12
  the past here in a second. To show you one of the reasons
• 8:15
  why we're gonna have much, much higher.
• 8:17
  Silver prices, but if you're. Looking to.
• 8:19
  Add to your stack. Dollar cost average, that's
• 8:21
  what. I always recommend.
• 8:23
  Right by a little bit. Every month.
• 8:25
  Every. Quarter, every week, whatever
• 8:27
  floats your boat. But look.
• 8:30
  If you can, buy silver at a $32 spot.
• 8:33
  Price in the United States, you're not alone.
• 8:36
  Because the Chinese that. If you're not going to buy it.
• 8:39
  Guess what, they will. And don't forget if you.
• 8:42
  Own physical silver. Make sure you got it in a.
• 8:45
  Safe, secure place where the. Giant Chinese vacuum cleaner
• 8:49
  can't. Suck it out of your.
• 8:50
  House keep your doors locked. Keep it in a safe or something,
• 8:55
  I don't. Know.
• 8:56
  Keep it somewhere very secure. Now.
• 9:00
  So, yeah, so if you want your silver by oh, here, here, here,
• 9:03
  let's go look at this. This is a little.
• 9:05
  Blast from the past. OK guys, look, this was probably
• 9:10
  6 months. Ago a very popular chart that
• 9:13
  I'd made for you this. Was the wedgie in?
• 9:15
  Silver, this just shows us. How far we've come right at the
• 9:19
  time, I think we was probably. February range we were at 23.
• 9:23
  Dollars. Silver we were.
• 9:24
  In this wedge and we. Broke out OK.
• 9:28
  So remember, take a. Deep, I want you to think, what
• 9:31
  does this mean for? Where we are now, we were at
• 9:33
  2324. Dollars silver when we were.
• 9:36
  Talking about this chart now we're at 32.
• 9:40
  Dollars silver. That's a full.
• 9:42
  I don't know, 8-9? Dollars per oz higher.
• 9:46
  If we go another 8-9 dollars. Per oz higher.
• 9:49
  We could be at 40. Dollars.
• 9:51
  Silver before we know. It, but there's even.
• 9:53
  More. But wait, there's more.
• 9:55
  OK, because guys, here's the reality here.
• 9:59
  Is the reality I'm I'm. Sorry I have to go through.
• 10:02
  That's gold. Let.
• 10:04
  Me get the silver. That's the dollar index.
• 10:06
  That's the price of. Silver in Argentina.
• 10:08
  Remember that? It went up only 7000%.
• 10:14
  Let's go back here. Let's go back here.
• 10:19
  Hold on. Here we are.
• 10:21
  We're getting there. Those are people in China buying
• 10:29
  gold, OK. Well, here what I wanted to show
• 10:33
  you. Let's get back to this and you
• 10:35
  can watch me. Struggle live.
• 10:38
  What I wanted to show you is. This incredible.
• 10:42
  Here it is. Here it is this guys.
• 10:49
  Is what we want to look at. This is the.
• 10:51
  Cup and handle briefly. For those.
• 10:54
  Of you who are new. This is what is.
• 10:55
  Happening right now in the silver market from 1980 right to
• 11:00
  2011 big cup we're in the handle all right, this is an.
• 11:05
  Older chart A multi. Decade Cup and handle.
• 11:08
  This came from Kimball Charting Solutions.
• 11:10
  OK, this is an old chart. This handle breaks.
• 11:18
  Out up here let's. Just remember briefly, we within
• 11:23
  that handle we have a cup and handle we have an inverse head
• 11:27
  and shoulders and we have. The wedge that we broke out of,
• 11:31
  OK. That's where we're going.
• 11:32
  It might be hard. For us to believe.
• 11:34
  Right, it might be. You'd you ever find yourself
• 11:37
  like it won't happen. Look.
• 11:39
  Four months ago, Three months. Ago we were.
• 11:42
  Talking about the fact that silver was way undervalued and
• 11:45
  can go much. Higher, we can talk about the.
• 11:47
  Same thing, right? Now it can happen.
• 11:50
  It is happening OK. Let's look at this.
• 11:53
  This is startling just to. Show what I mean.
• 11:56
  To to show. You how much manipulation and
• 11:59
  how fake? The comex price is.
• 12:02
  Remember, the Chinese price is significantly higher.
• 12:05
  Take a look at this. I found this absolutely
• 12:09
  startling. OK, make sure we got you on
• 12:12
  there. Which we do.
• 12:15
  And this shows just how unbelievable the manipulation is
• 12:23
  on the Comex. This came from Wall Street.
• 12:25
  Silver, our friends over there. At.
• 12:27
  Wall Street, Silver Otara Mill Club, he says.
• 12:30
  COMEX futures volume. Reported was 100.
• 12:34
  And 71,000 contracts of 5000 oz. Each contract represents 5000
• 12:39
  ounces. Hey.
• 12:41
  That's. 855,000,000 ounces in one.
• 12:45
  Day Who cares? Keep.
• 12:48
  Stacking OK, there's something about.
• 12:50
  This, that. You're going to find crazy
• 12:53
  interesting. And that was on May 20th, so 8.
• 12:57
  Days ago, right where we had those, I mean, but.
• 12:59
  Look at these unbelievable numbers on futures and options
• 13:03
  via paper silver make. Believe silver Unicorn, Farta
• 13:07
  silver. What's so critical to?
• 13:10
  Understand that in one. Day guys, one day see this. 850.
• 13:15
  5 million oz were traded on the Comex alone.
• 13:19
  Do. You know how much?
• 13:20
  Silver is produced. All year by all the silver.
• 13:25
  Mining companies. All the mining companies for
• 13:27
  that matter. All the world.
• 13:29
  Mining activities produces less silver than that.
• 13:33
  A little bit less, but less. So they're trading in one day.
• 13:39
  The. Equivalent of an entire year of
• 13:42
  all the mining in the. World production of Silver OK.
• 13:46
  There's no way that we. Can even begin to think.
• 13:51
  That that price is accurate. Right.
• 13:54
  I'll say it one more. Time and I'll say it.
• 13:56
  Briefly. The Shanghai Gold Exchange
• 13:59
  trades. A physical market.
• 14:02
  To the extent that the COMEX and the LBMA.
• 14:05
  Are are paper rigged Unicorn fart dust?
• 14:08
  Silver not. Real silver, the Shanghai gold.
• 14:11
  Exchange is the. Inverse the opposite.
• 14:13
  It's the real, Real McCoy. OK.
• 14:17
  How are you doing today? Thank you for being here all.
• 14:19
  500 of you bright and early on a Tuesday morning.
• 14:22
  It's a big. Deal.
• 14:23
  You're here. Please hey give this.
• 14:24
  A thumbs up. And if you're not?
• 14:25
  Subscribed. Please consider.
• 14:28
  Subscribing to the channel because.
• 14:29
  It's free but you'll get daily. Content about silver, about
• 14:33
  gold, and the golden opportunity to meet some really cool people
• 14:38
  that come to this channel that interact in the comments
• 14:41
  section. Your comments are always much.
• 14:42
  Appreciated. So are the Super.
• 14:44
  Chats. Thank you guys.
• 14:45
  For all the support. And I love when you send me
• 14:48
  silver in the mail. I love, I love.
• 14:51
  It and I love to. Get to show it to you so.
• 14:52
  Thank you. For all the wonderful support.
• 14:55
  That you've shown. OK, here's the big deal.
• 14:58
  Here's the other. Here's the.
• 14:59
  We just, we just talked about think about this is huge.
• 15:03
  This is massive for the silver. Market right now, OK.
• 15:07
  Because we just talked about that and one day.
• 15:10
  They can trade the equivalent. Of a whole year's.
• 15:13
  Worth of mining, production and. Paper Unicorn fart does silver.
• 15:17
  But wait, there's more. I gotta, I gotta sell.
• 15:21
  This more powerfully to you guys, everybody the smart you.
• 15:26
  Know the people that really. Like to dig into the COT reports
• 15:29
  and the, well, these crazy, you know, minute details of what's
• 15:34
  going on within. These paper markets.
• 15:38
  They're all saying the same. Thing Here's a little secret.
• 15:41
  Not only are they trading a. Year's worth of silver.
• 15:43
  In one day, OK, but wait, there's more.
• 15:47
  And this is huge. There is a massive short
• 15:51
  position in the. Electronic, the Comex, LBMA,
• 15:55
  whatever. There's like.
• 15:57
  A historic almost level short position right now that means
• 16:02
  the big bullion banks. The big bullion banks, the BBBS,
• 16:07
  right they. Are betting that they're gonna
• 16:11
  be. Able to manipulate the price.
• 16:13
  Of silver. Down, down, down.
• 16:15
  We'll see. Maybe they will.
• 16:17
  Guys, it's possible that. In six weeks I could be sitting
• 16:21
  here saying, Can you believe? Guys that we have 20. $6 silver,
• 16:25
  24. Dollars Silver.
• 16:27
  Can you see? It going much?
• 16:28
  Lower than that? I can't really see it going much
• 16:30
  lower than that, but it's critical to know.
• 16:34
  Let me read this to you. The bullion banks are extremely.
• 16:37
  Short. Right now, OK, that means that
• 16:40
  there could. Be potentially a top or or or
• 16:49
  have you ever. Heard of a short squeeze?
• 16:51
  Never heard of a short squeeze? A short squeeze is.
• 16:54
  When all those big bullion. Banks.
• 16:56
  Sold silver 'cause they thought they could buy it back at a
• 16:59
  later date for a lower. Price that's short selling.
• 17:02
  OK, it's it's pretty easy. You sell something.
• 17:06
  OK, hoping. That six weeks.
• 17:10
  Three months out, you can. Repurchase it at a lower.
• 17:12
  Price and you make a. Profit, right, but.
• 17:15
  This massive short position. If it goes the other way, could
• 17:19
  result. In an epic.
• 17:21
  Short. Squeeze, meaning the price
• 17:23
  continues to go. Up, up, up, up, up.
• 17:25
  In those shorts. That sold silver short at 30.
• 17:29
  Dollars an ounce 28. Dollars an ounce.
• 17:31
  Are looking at the price at 3638.
• 17:34
  Dollars per oz and they're pooping in their pants.
• 17:37
  Sorry, that's as dirty as I'll get today.
• 17:39
  And they're like, oh. My God, Oh my God.
• 17:41
  So then not only do you have. The American sheeple waking up.
• 17:46
  This is how it could. Unfold, don't make any
• 17:49
  financial. Decisions based on anything I'm
• 17:51
  telling you today, but I want you to imagine.
• 17:53
  What do you think would happen if this unfolded?
• 17:56
  OK, the price of silver continues.
• 17:58
  To leak higher check. We got that the American public
• 18:03
  joins the Chinese and the Indians and the.
• 18:05
  Rest of the world wakes up and says oh.
• 18:07
  You know what my dollar's losing?
• 18:09
  Value. Maybe I'll buy.
• 18:10
  Silver we get just a. Little more interest in people
• 18:13
  in the West buying silver. They even buy the.
• 18:15
  SLVETF right, So the price. Is going up, demand is going up.
• 18:21
  It starts. To.
• 18:22
  Feed on itself, because remember.
• 18:23
  What Rick Rule said. People don't like to buy.
• 18:26
  Silver when it's cheap they like it better.
• 18:28
  When it's expensive in the West and the triple whammy, Excuse
• 18:33
  me, hold on a second. Hold on.
• 18:39
  Excuse me? The triple whammy on top of it.
• 18:44
  All is you got the Chinese demand, you got the Western
• 18:47
  demand. And you got all.
• 18:49
  These millions and millions of. Shorts.
• 18:52
  That are then filling their Depends diapers because they're
• 18:56
  losing. Their, their, their, their.
• 18:58
  Money and they start buying and then.
• 19:04
  More westerners start buying and then.
• 19:06
  It's on CNBC, but Wayne's on CNBC.
• 19:09
  We're going to talk about that in a little bit.
• 19:11
  What? Did CNBC say about silver?
• 19:13
  We're going to talk about that here in just a little bit and.
• 19:16
  It turns into a short. Squeeze.
• 19:18
  That's what, A short squeeze. Is and then it just feeds and
• 19:20
  then it's like Oh my God. And then there might be a brief.
• 19:23
  Opportunity where you may want to.
• 19:24
  Convert some of your silver. Maybe into gold you can watch.
• 19:27
  The gold to silver ratio. For that or into real.
• 19:30
  Assets. Maybe pay your mortgage off?
• 19:31
  I don't know. I don't care.
• 19:33
  We don't know for sure that it's going to happen.
• 19:34
  But guys, it sure feels. Interesting they are throwing
• 19:41
  this is what I'm hearing. OK.
• 19:43
  And what does this make you think they are throwing
• 19:46
  everything they have these big bullion banks and trying to
• 19:50
  trying to short. They're giving.
• 19:51
  It all we got. We're giving it, you know,
• 19:53
  they're like in a movie and they're, they're, they're.
• 19:56
  Getting chased in a boat. And they're giving.
• 19:57
  It all the throttle they can, right?
• 20:00
  To short to push. Down the price of the.
• 20:03
  Metals and what? Happens on a day like yesterday.
• 20:05
  You know the Chinese take. Control again and the.
• 20:08
  Price just goes. Up and up and up.
• 20:11
  OK, you want something funny? I got something hilarious.
• 20:14
  I. Thought this was the funniest.
• 20:16
  This guy wins the Internet and has everything to do with
• 20:19
  silver. OK, so hey, it's Tuesday.
• 20:22
  It's not Monday, Eisenhower. It's Tuesday.
• 20:24
  Feels like Monday. But it's really a Tuesday, I.
• 20:26
  Hope you had a great. Memorial Day weekend thank.
• 20:29
  You to all those who serve our country.
• 20:31
  And. It's time for us to have a good
• 20:34
  hard laugh, you know? Well, hold on.
• 20:38
  You know when you go to like log into a website and now they want
• 20:42
  to like send you a? Text that's called 2 factor.
• 20:46
  Authentication, right? They're trying to protect you
• 20:48
  from hackers, right? The other thing you get are
• 20:51
  these and they're not called. Captchas, but they're these
• 20:53
  little quizzes that they put. Up, you know what I'm talking
• 20:56
  about. It's like one of them sometimes
• 20:58
  you got to like turn the thing, the line, whatever, but the
• 21:01
  other one they do is they'll be 9.
• 21:03
  Pictures. On the screen and maybe.
• 21:05
  It's got like. Like 3 of the pictures have a
• 21:08
  school. Bus in it and the.
• 21:10
  Question will be click. On the three.
• 21:11
  Bar or click on the boxes that have a school bus in it.
• 21:14
  Or it's always school buses, cars or stop lights.
• 21:18
  Right. And you got to.
• 21:19
  Click those boxes to prove. That you're not a computer,
• 21:23
  right? You've done that well.
• 21:24
  This is hilarious, hold on. I think some of the the the
• 21:30
  bullion sellers are going to have this one up because.
• 21:34
  I I think this is the funniest thing about silver.
• 21:37
  And the Internet that I've seen in forever.
• 21:40
  OK, this guy Jan remiers the entanglement ENT.
• 21:44
  Put this up, it says this. Is one of those quizzes that
• 21:48
  they're going to give you when you try to log into your log
• 21:51
  into your, into your bullion account or your bank account,
• 21:54
  whatever. Select all silver charts with.
• 21:57
  Comex opening hours, so there's one boop.
• 22:02
  This was last night, but everybody was expecting, you
• 22:05
  know, as normal for and it could happen and maybe it's happening
• 22:08
  right now. We'll go out and check in a
• 22:09
  second. But I'm sorry, but isn't that
• 22:12
  it's sad? But it's.
• 22:14
  True, and you know and. Sometimes we just got to laugh
• 22:17
  at it. Is this the past, right these
• 22:19
  days of the beat downs? But.
• 22:21
  You know if you want to get into our.
• 22:22
  Website you got to tell us which.
• 22:23
  Which ones of these? Charts.
• 22:25
  It's not that one. Right with the Comex opening
• 22:28
  hours. It's not that one.
• 22:29
  Nope. It's these right here.
• 22:31
  And I think, I think that's about it.
• 22:36
  Anyway, OK, he says, if you're the creator of this image,
• 22:38
  please step forward. Excuse me, let's get back to
• 22:44
  the. Let's get.
• 22:45
  Back to the phone. What?
• 22:46
  Is CNBC. What is CNBC?
• 22:49
  Saying about silver. Let's go check that out right
• 22:51
  now. What do you say, huh, Silver
• 22:53
  stackers? Let's go check, let's say.
• 22:55
  Thank you though, right? To our mining company sponsor,
• 22:58
  First Mining Gold. You can learn more about them at
• 23:01
  First Mining Gold. Dot com they have several multi
• 23:03
  million ounce projects in Canada.
• 23:05
  And. Fortuna.
• 23:07
  Silver mines, there are gold and silver miner producer right now
• 23:15
  massive operations in Latin America and West Africa.
• 23:19
  They are producing a lot of cash as of their last quarterly
• 23:22
  report and with these. High metals prices, I think that
• 23:25
  could very well continue. You can learn.
• 23:27
  More about them at fortunasilver.com.
• 23:29
  Great company, great management. Both of those are stocks that I
• 23:33
  own, but I'm not recommending anything.
• 23:35
  Any financial moves on your behalf?
• 23:37
  Do your own due diligence. Mining stocks are risky.
• 23:40
  Buying silver's risky. Walking out your front door.
• 23:43
  'S risky. It's all risky.
• 23:45
  Just just. Make sure you manage your risk
• 23:48
  properly. Oh yeah, let's go see if they
• 23:50
  beat. Silver down yet I got to do an
• 23:52
  update. Guys, here we go.
• 23:54
  Hold. On we're up $0.19, right?
• 23:57
  We're they're going to be throwing everything they have at
• 24:00
  the silver and gold. Price, but let's go over to.
• 24:03
  CNBC talking about gold and. Silver what?
• 24:09
  What did they say? Gold and silver and copper
• 24:12
  rally. Wait till you hear what they
• 24:14
  said about silver. Taking a breather.
• 24:17
  New highs are not that. Far off though, an.
• 24:19
  Expert says an expert OK here. Look at that.
• 24:26
  How would you like? That.
• 24:26
  Is that what you're looking at? That's probably.
• 24:28
  What you're looking at right now in your your family room or
• 24:31
  wherever you are watching this? Gold prices have rallied.
• 24:35
  Silver two hit a multi year high.
• 24:39
  And and copper don't forget when it comes to.
• 24:41
  Silver, I'm sorry. I got we got this.
• 24:45
  This I think nobody else. Talks about except US basement
• 24:48
  dwellers. It's a basement.
• 24:49
  Dwellers Secret silver. Is half gold and half.
• 24:55
  Copper. It's half gold.
• 24:56
  In that it is a monetary metal. It's been a monetary metal.
• 25:00
  Did you know that longer than gold?
• 25:03
  Silver's also half copper. It's.
• 25:05
  Half an industrial metal we. Could talk for hours about all
• 25:08
  the industrial uses, electronic and otherwise, for silver.
• 25:13
  Both. Copper.
• 25:14
  And gold have hit all time highs.
• 25:17
  They even had a a squeeze in the copper market.
• 25:20
  So that we're always rooting for copper, we're always rooting for
• 25:23
  gold as well, OK. China, did you guys know?
• 25:28
  This. We're not even going to read
• 25:30
  this. CNBC is CNBC is.
• 25:32
  Educating the sheeple, right? Because that's real.
• 25:35
  I mean, you know, the people that don't really understand
• 25:37
  gold. And Silver are reading.
• 25:38
  CNBC China's the reason. Why blah blah blah, UBS?
• 25:44
  Here this is interesting an expert from.
• 25:46
  UBS What did they? Say in a note last.
• 25:49
  Week raised their forecast for gold to $2500 per oz.
• 25:53
  At the end of September and. 20. 600 by year end.
• 25:58
  Wrong. We're going to be.
• 26:00
  At 3000 you watch. Now you know what?
• 26:02
  Really. Honestly, if I had to bet like.
• 26:04
  The farm on it. I would, I'm just being honest
• 26:07
  here. I'd say that in December.
• 26:09
  We're going to be. At like, just like somewhere
• 26:12
  like $28.00 and 15 or 22,815. Dollars OK, but but but that we
• 26:19
  had breached 3. 1000 at some point earlier in the year, the
• 26:23
  bank's. Bullish outlook is owed to OH.
• 26:25
  Strong Chinese demand and top. Of a series of soft.
• 26:28
  U.S. data, Bob. Bob, we're going to get.
• 26:30
  To the silver part. Oh, OK, we don't we like.
• 26:34
  You. We like you.
• 26:35
  Even less CNBC. OK, let's.
• 26:38
  Let's finish up with gold. We think gold can continue to
• 26:42
  make. New highs.
• 26:44
  UBS precious metals strategist Joni.
• 26:46
  TV's told CNBC Street Signs Asia.
• 26:50
  On Monday. Oh, this is hot news, but let's
• 26:53
  hear what are they saying now? Does this make you a little mad?
• 26:57
  CNBCS Talking about gold's. Poorer.
• 27:00
  Cousin, have a drink of. Coffee, I'll be right back and
• 27:03
  we're going to talk about. What they're saying about.
• 27:04
  Silver on CNBC. OK, Silver.
• 27:16
  Oh, here we go. What about gold's poorer cousin
• 27:19
  silver, while silver tends to play second fiddle?
• 27:23
  To the yellow metal, the two. Share a positive?
• 27:25
  Correlation when it comes to price, albeit with a lag.
• 27:29
  On Silver's part quote. Silver has been arguably more
• 27:32
  interesting. Finally it managed to enjoy some
• 27:35
  decent. Catch up with gold, guys.
• 27:37
  That's the silver or gold to silver ratio.
• 27:40
  Which it gotten to like 93 at one point has been compressing.
• 27:43
  I think it's down to like, I don't know, 70.
• 27:46
  Three or 72. Something like that.
• 27:48
  Now it still takes. I still don't buy it.
• 27:51
  You know, I don't care what I don't know how you.
• 27:53
  Feel do you? Are you willing to trade?
• 27:55
  74 ounces of silver for one ounce of gold.
• 27:58
  I'm not. I'm just giving you my opinion,
• 28:00
  OK? Nicos.
• 28:02
  Caballes, managing director for precious metals research
• 28:06
  consultancy Consultancy Metals. Focus.
• 28:09
  He elaborated that the market gets more.
• 28:11
  Comfortable and convinced. Of gold's.
• 28:14
  Bullish run. As that happens, more of these.
• 28:17
  Investors are turning to silver. Silver rallied.
• 28:22
  Past $31.00 per oz. To to over a decade high last.
• 28:26
  Wednesday amid amid surging investor.
• 28:29
  Interest. This is CNBC.
• 28:32
  This is like sheeple central. This this is interesting because
• 28:37
  if you think about the the American investing.
• 28:39
  Public, OK. You got the Navy Seals.
• 28:43
  Of the investing world, The people who dig in, do you know?
• 28:45
  Who? I'm talking about the people.
• 28:47
  That are. Willing to turn over the stones
• 28:50
  and. Find out what's really.
• 28:51
  Going on and that's you, basement dweller, that's me.
• 28:56
  That's people like Chris, Marcus, Rafi.
• 28:58
  Farber the guy Pound of. Gold, have you checked out?
• 29:01
  Pound of gold YouTube channel I would highly recommend it go
• 29:04
  over to. Pound of gold Watch a.
• 29:06
  Couple of his videos and tell him you're from the basement
• 29:08
  because I think he's one of the smartest and more important to
• 29:11
  me, nicest guys on the Internet. Pound of gold.
• 29:15
  Anyway, you're digging in. This is what?
• 29:17
  You're a smarty pants. Congratulations.
• 29:20
  OK way. Ahead of the curve.
• 29:22
  Sometimes being early feels like being wrong, but.
• 29:25
  You were you were into, so you know, you know.
• 29:28
  How to work a calculator? You know, the national, you know
• 29:30
  all that, OK. Then there's a big second.
• 29:33
  Tier. These are people that watch Jim
• 29:36
  Cramer and read CNBC. And that's.
• 29:39
  OK, right. But they're.
• 29:41
  Kind of like sheeple. OK.
• 29:44
  And then? There's all the people.
• 29:45
  That don't even know like. How to what a checkbook?
• 29:48
  How to balance their checkbook and rack up massive.
• 29:51
  Cart you know that whole other group of people but what's
• 29:54
  happening here is they're. Feeding the CNBC sheeple
• 29:58
  information about silver and gold.
• 30:01
  OK and OK, it says, amid surging investor interest and supply
• 30:10
  challenges. Oh my God, that's like #1 I
• 30:15
  can't believe CNBC said that. And yes, that's.
• 30:17
  Accurate. If investor demand is surging,
• 30:21
  that would be demand. If supply is.
• 30:24
  Challenged, that would. Be supply that would.
• 30:28
  Mean there's only one thing that fixes that boys and girls
• 30:31
  basement. Dwellers, Buttercups, all my
• 30:33
  friends, me, me included. Is higher prices OK?
• 30:36
  Currently trading at 3160 per oz.
• 30:38
  We think silver. Is actually the best place
• 30:41
  precious metal. To really benefit from higher
• 30:44
  gold. Prices, there's a very.
• 30:46
  Strong correlation there. She added that when the.
• 30:49
  Federal Reserve and Gomer Pyle. You know Gomer Pyle?
• 30:54
  Is that his? Name.
• 30:55
  Is it Gomer? No, it's Jerome Powell.
• 30:56
  I'm sorry. Let's get that mixed up.
• 30:58
  Gomer, Pyle. Was the guy that always used to
• 31:00
  say. Surprise, surprise, surprise
• 31:03
  Sergeant Carter. Well, wait a minute, is that is
• 31:06
  that? No, no, no, I say.
• 31:07
  I get it mixed up. I always think that Jerome
• 31:09
  Powell is Gomer Pyle and Sergeant Carter.
• 31:12
  Is what's that? Guy's name Baden Biden.
• 31:15
  President Biden, anyway, very strong.
• 31:19
  OK, she had. When the Fed eases Jerome
• 31:22
  Powell, Susie just corrected me, silver is in a quote good
• 31:26
  position to really outperform gold.
• 31:28
  Especially as supply and demand. Look, we just said that while
• 31:31
  we're ahead of the curve. Slower, slower mine production
• 31:35
  growth and strong industrial demand suggests supply is
• 31:39
  lagging demand. We, you know all this right?
• 31:42
  You know this right? The, the, the, the, but, but
• 31:46
  think now we're we're, we're we're, we're going off into the
• 31:48
  Gray area here and we need to think of this in a broader
• 31:52
  context. This is being told.
• 31:55
  To the other people. The People the 2nd.
• 31:59
  Tier people. The people who?
• 32:00
  Are going to want to be getting on the silver and gold lifeboat
• 32:04
  that you're already on right The they want to go to the silver
• 32:08
  and gold show and and you you. Showed up early, you bought
• 32:12
  your. Ticket months ago.
• 32:13
  Right, you're already there. You're in the front.
• 32:16
  Row, you got a great. Seat.
• 32:17
  There's only 4000 seats. In the whole house, right?
• 32:20
  Me and you. Right, a bunch of other.
• 32:22
  People are there early. The second tier of people that
• 32:25
  are reading this. They're going to show up.
• 32:27
  Right. There's not going to be any
• 32:27
  tickets left. They're going to say, well, we
• 32:30
  might have another show in about 12 weeks.
• 32:32
  That's when we can. Get you some silver and gold
• 32:34
  bullion, OK? Silver is used.
• 32:38
  OK. Well, that keeps the market in a
• 32:39
  structural. Deficit silver is used
• 32:41
  extensively for. Industrial purposes and commonly
• 32:44
  incorporated into a bunch of stuff.
• 32:46
  That we already know. About metals.
• 32:48
  Focus Cabaras. Said that.
• 32:50
  Other precious metals like platinum, Palladium and rhodium
• 32:53
  are all in deficits deficits this year and.
• 32:56
  Hence should see supportive prices.
• 33:00
  OK, we're back. Guys.
• 33:03
  Oh. Thank you, Susie, says we.
• 33:05
  Have 200 thumbs up, which means. It's that time of the.
• 33:08
  Show if you're watching this at Goldman Sachs.
• 33:11
  And don't want your boss to know?
• 33:12
  You're a member of the. Basement turn off your.
• 33:14
  Speakers, because we're going to ring the bell.
• 33:16
  For 200 thumbs up. You ready a basement dweller
• 33:24
  tradition? All right, guys, it's getting
• 33:27
  very interesting. Two more big things to talk
• 33:31
  about #1. We talked those.
• 33:34
  Of you who've been around. For a while we talked about this
• 33:36
  months. Ago when silver.
• 33:38
  Was at 2620. $724 per oz, we said.
• 33:43
  That is, Silver gets above. 3233 dollars.
• 33:46
  Per Oz, there is. It's clear sailing.
• 33:50
  That's why where we are right now is #1A big deal number. 2A
• 33:56
  big battle. Look, we don't know.
• 33:57
  You don't know, we don't know. For sure where the price will be
• 34:01
  four or five. Weeks from now, it feels like.
• 34:04
  OK, here's here's the. Reality.
• 34:06
  The grim reality. We're going to if 4. 5-6 weeks
• 34:08
  from now. We're either going to be.
• 34:10
  A 26. Dollar silver $25 silver.
• 34:13
  I hate to say that. OK, or, or?
• 34:18
  Right if in the next. Two to three weeks.
• 34:20
  We can. Establish a price above 30.
• 34:24
  Two and a half, 33 1/2. $34 per oz.
• 34:28
  Baby, it's going to be a big, big summer, OK?
• 34:31
  It's going to be a massive run in the silver.
• 34:34
  Price The table's set. Right.
• 34:36
  But we know. These guys at the.
• 34:37
  Comex they can trade the entire mine production in one day.
• 34:42
  So they're they're a form formidable force with decades
• 34:46
  of. Experience manipulating down the
• 34:49
  silver price and the gold. Price so it's going to be
• 34:52
  interesting, but. The the exciting thing is.
• 34:55
  Is the price can you? Visualize can the price ever?
• 34:58
  Really get above, let's say $40? Yes, I hope you.
• 35:03
  Can visualize that right? It can.
• 35:06
  And when it? Gets up in these high. 30s forty
• 35:08
  range. Everybody's in the.
• 35:11
  Money, OK. Everybody who bought silver.
• 35:13
  'S in the money. There's nobody out there, very
• 35:16
  few people that bought silver at 40 or 45.
• 35:19
  Dollars per oz Almost nobody. OK, that's gonna be say I'm
• 35:23
  waiting for 40. Dollar an ounce silver to buy.
• 35:27
  No, there's not many people, so there's not many sellers and
• 35:31
  there's gonna be more interest generated, OK.
• 35:34
  And. Like we talked about earlier,
• 35:36
  all these. Shorts that they've been
• 35:38
  building up over years. And decades they're gonna have.
• 35:42
  To. Cover they're gonna have to buy
• 35:43
  back to cover their shorts. It could be.
• 35:46
  It could be. Explosive.
• 35:48
  It could be an. Explosive squeeze.
• 35:50
  I'm always thinking of toilet humor in my head, which I'm
• 35:53
  forced to keep to myself, but nonetheless.
• 35:55
  It could be a real. Fun.
• 35:57
  Show. We'll leave it at that.
• 35:59
  A real, real fun show. Let's look at.
• 36:02
  This quickly quickly this. Is mind blowing and this.
• 36:06
  Is old OK? But worth looking at.
• 36:10
  Because this just gives us. An idea eight years ago.
• 36:17
  Eight years ago. I wasn't even on YouTube.
• 36:20
  My daughters were four years old.
• 36:21
  I was. I wasn't changing.
• 36:23
  Diapers, but I was running. Around playgrounds all the time,
• 36:26
  all the world's money and markets in one visualization,
• 36:30
  OK. Let's look at this real.
• 36:32
  Quickly. OK.
• 36:34
  Oh, there's Bitcoin back then it's gone up.
• 36:37
  Quite a bit. This is silver.
• 36:39
  See that little black dot right there, guys?
• 36:41
  OK. And look at this.
• 36:45
  Back 8. Years ago, the price of silver.
• 36:47
  Was $14.00 per oz. Were you buying silver back
• 36:54
  then? Wouldn't it be nice to buy?
• 36:56
  Silver at a spot. Price of $14.00 per oz.
• 36:59
  Obviously that's more than doubled by now.
• 37:03
  But still it would be a. Small dot, right?
• 37:07
  Here's the world's richest people, that's how.
• 37:09
  Big How much their money is right?
• 37:11
  80 billion. Here's the world's biggest.
• 37:13
  Companies which at the. Time were Microsoft, Apple,
• 37:16
  Alphabet. I guess now we say Nvidia's in
• 37:18
  there, but look how small. Silver is compared to all.
• 37:22
  That and again. Silver is maybe twice maybe.
• 37:25
  Three times the size now. The Fed balance sheet.
• 37:28
  Oh, those were the good old days, right?
• 37:31
  Do you know? That's gone up much bigger coins
• 37:33
  and banknotes we know. That's.
• 37:35
  Gone up much bigger because. You know, well, those are the
• 37:38
  paper, the actual paper. Commercial.
• 37:40
  Real. Estate.
• 37:42
  That might have been about the same 'cause there's been a
• 37:44
  little bit of a crash in that market, but nonetheless.
• 37:46
  There's. Gold OK at 1200.
• 37:50
  Dollars per oz. OK, narrow money.
• 37:53
  What's that mean? Easily accessible money.
• 37:55
  OK, 26. Easily, according to the CIA
• 37:58
  fact book, all stock markets. This is this is OK.
• 38:04
  This is huge. OK, then again this.
• 38:06
  Is 8 year old data. 70 trillion, so that that's probably God
• 38:11
  knows what now 100 and 5200 trillion broad money, OK, those
• 38:16
  are banknotes, market account money, market accounts and
• 38:18
  savings. Look at the size of that all
• 38:21
  global debt, we think. That now that's 300.
• 38:26
  Trillion. So this is this is.
• 38:28
  Much more bigger than what we're looking at here.
• 38:30
  We're gonna go back and. Look at how big.
• 38:32
  Silver is derivatives. Some I I've heard numbers
• 38:36
  anywhere from 1 quadrillion to four.
• 38:39
  Quadrillion and. This is going to make sense why
• 38:42
  as a silver and gold investor, this.
• 38:45
  Is actually a good thing. Those are, oh, it just goes all
• 38:47
  the way down. OK.
• 38:49
  All right. So remember all that stuff
• 38:51
  that's so much huger, Huger. There's gold, right?
• 38:55
  OK. But there there's there's silver
• 39:00
  itsy bitsy little. Silver now, Now let's go to
• 39:07
  this. There's the wedgie, there's.
• 39:11
  The cup and handle. There's the inverse head and.
• 39:13
  Shoulders. Argentina gold mining stuff OK.
• 39:17
  Here we go. Guys, remember all that stuff?
• 39:20
  We just talked about, OK, this is the this is extras pyramid he
• 39:24
  worked. For the New York Fed.
• 39:26
  OK, he was a big. Proponent of gold and silver is
• 39:29
  real money. What does that tell?
• 39:31
  You and he only died like 1520 years.
• 39:33
  Ago this guy knew. Gold and silver were real, real
• 39:37
  money all. Those things we just looked.
• 39:39
  At. OK, are are are.
• 39:42
  Fake synthetic. OK.
• 39:43
  Gold and silver are real. They're at the bottom, they back
• 39:47
  everything up so that. Little bitty dot.
• 39:49
  Of silver that we saw backs up all those.
• 39:53
  Other massive things. Derivatives.
• 39:56
  Banknotes. Stock, I don't care.
• 39:58
  It's all, but it's all. Fake.
• 40:00
  It's all synthetic. It's all man made.
• 40:02
  It's all based. On confidence and make.
• 40:05
  Believe OK. So when a little bit of that
• 40:08
  money like. The corporate commercial real.
• 40:11
  Estate is a good example. Some of that money when it
• 40:14
  leaves that market. Is going to be looking.
• 40:15
  For a new home and looking for a real home some of that money
• 40:19
  when it. Does leave the stock.
• 40:21
  Market some of that money. Just a.
• 40:22
  Fraction, I mean the smallest amount that might leave the
• 40:26
  derivative market. Could could create like multiple
• 40:31
  multiple, it's unbelievable. It's it's crazy.
• 40:34
  It's. Exciting that money falling
• 40:37
  into. What the real asset is?
• 40:40
  Silver and gold. OK.
• 40:42
  Hey guys. Thanks for joining me.
• 40:43
  Today, have a great day, OK? Don't forget.
• 40:46
  Check out our sponsor Pinbex. There we are left.
• 40:50
  Hand pinbex if you want to buy. Silver, gold, or.
• 40:53
  Platinum, pinbex.com and. You can check out.
• 40:55
  First mining gold and Fortuna. Silver as well.
• 40:58
  But #1 Thank you. OK, it's a big deal.
• 41:01
  You're here. We appreciate you.
• 41:03
  And we will see you. Right, it's not redtube.
• 41:06
  It's YouTube, we'll see you. Soon.