Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER Price** You Best PAY ATTENTION to This! 🦍🦍 (Gold Price Also)

Transcript

**SILVER Price** You Best PAY ATTENTION to This! 🦍🦍 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  This is an absolute critical period of time.
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  Right now we are living in for the silver price and the gold
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  price. We're going to talk about all
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  this in this live recorded video.
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  Thank you for being here. Please subscribe to the channel,
• 0:14
  give the video a thumbs up. Let's go out and take a look at
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  the silver chart because I discovered something that I
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  think is absolutely astounding. Let's make sure we've got you on
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  the right screen, which we do guys.
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  This is the silver price in the futures market, $33.16.
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  Now this is a one year chart as you can see circled right here.
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  And the red line at the top is the current silver price,
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  $33.16. The red line at the bottom is at
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  $30. We are building a massive base
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  within this area between $30 and $33 if you look.
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  We spent very little time above the $33 range in the last year,
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  but we've also spent an equally small amount of time below
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  $30.00. That means I would estimate at
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  least 80 to 85% of the year the silver price has fluctuated
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  somewhere between 30 and $33 an ounce.
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  But what does that mean? That means something very, very
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  simple. We are consolidating within that
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  area, building a rock solid base from which the price can go
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  much, much higher. I'm predicting $60.00 per oz
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  silver by April 1st, 2026. And that can happen because all
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  those people that have sold in the last year in that area,
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  between 30 and 33 dollars, they're gone.
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  They were the non believers. What we have now is a whole new
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  crop of people who believe that the silver price will go much,
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  much higher. And as it does go higher, when
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  we breakthrough, and we're going to listen to what Michael Oliver
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  has to say about the silver price breaking through, $35
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  going to 36 dollars, they're not going to want to sell right
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  there. We got a lot of people who have
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  bought silver. Are you one of them within this
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  30 to $33 range? We're going to get back to
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  silver in a second, but let's go take a look at the gold chart
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  and see what's happening there today as well.
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  Gold's also taking it a little bit on the chin.
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  In the futures market, we are exactly at $3300 per oz.
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  But man, take a look at this chart.
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  I mean, it doesn't take a rocket scientist or a technical analyst
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  to see this, right? Just nothing but a pure uptrend
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  in the gold price. It's going to get very
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  interesting now. The stock markets are flying
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  higher today while we have gold and silver, at least for now.
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  Taking it a little bit on the chin, have you noticed that the
• 3:02
  markets have become very sensitive or the gold and silver
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  price in particular very sensitive to the tariff news
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  that comes out on Friday? We had big tariff news that
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  Europe, those gonna be those gonna be levied 50% tariffs,
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  Apple 25%. That created problems in the
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  general markets but was very good for the gold and silver
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  price. Then over the weekend magically,
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  and it's not becoming much of a surprise.
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  And this is not a political statement whatsoever.
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  I am a political on this channel.
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  You're free to believe whatever you like, but Trump once again
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  reverses his stance on tariffs. We saw that after the initial
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  tariff announcement on that Wednesday about 5 or 6 weeks
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  ago. So it's going to be interesting.
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  Here is we're building a solid base in silver between that 30
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  and $33 range with gold. The critical level in my mind
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  right now has been moved up to $3200.
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  I will predict that. I think what we're going to see
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  is a lessening of the sensitivity to the tariff news.
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  But things are crazy out there. OK, we've got tariff news.
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  What's going on? We have the fiscal situation in
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  the United States, the debt market situation, because the US
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  debt level, the fiscal scenario that our leaders have put us
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  into has is beginning to get attention from more and more
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  people as being a major problem. But we've got geopolitical
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  turmoil from Reuters. Trump over the weekend says
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  Vladimir Putin has, quote, gone absolutely crazy and that he's
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  considering now more sanctions on Russia.
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  I mean, guys, it is a literal clown show out there right now
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  in the world geopolitical arena. A very scary situation.
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  I think all of this, all of the uncertainty, all of the fiscal
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  irresponsibility, all of the fighting going on between
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  nations will only serve to support the gold and silver
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  prices as we go forward. Let's go out to this great
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  article that we got from the Investing News Network, $200
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  silver. All right.
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  Who is saying this and why are they saying this?
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  Now? We talked last week about what
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  Eric Sprott had said about the manipulation going on in the
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  markets, but we're going to focus on what Michael Oliver had
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  to say today. Is a silver price poised to
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  break out in red? Over the past year, silver has
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  tested $35 twice. We saw that on that previous
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  chart that we looked at using technical analysis.
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  Oliver compared this to how the silver price tested resistance
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  at the $26 Level 3 times before breaking out.
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  What he's seen in momentum indicators now is similar to
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  what happened at that time. In the lead up, momentum was
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  flat, but once silver hit $26 per oz, momentum saw an
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  immediate 10% gain quote. It came back up a third time to
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  $26. Watch out, it blew your head
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  off, he said. OK, You go back to $35 again and
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  the price says you better watch out.
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  I'm at a triple top and if I go to 36 dollars, it's a triple top
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  breakout. That's where we're getting these
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  predictions from me and from other analysts out there that
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  once we get through $36 per oz guys, it's it's Katie bar the
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  door. We're going to get the 40
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  lickety split. It's going to happen, you know,
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  faster than than my kids take money out of my wallet.
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  It's it's it's no joke. Once we get about $36 per oz and
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  silver, we're off to the races, OK, he says.
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  Quote, the only issue now, which week punches up there to that
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  10% over level. I think who knows, it might even
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  be tomorrow, but I think soon we will get up there.
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  So good things to come in the silver market.
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  Let's go take a look at a couple charts from our friend Rashad.
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  He's always putting some great, great, great charts onto on the
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  X here he says gold broke out from a bull flag by all metrics.
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  Now, if we zoom in on this chart, OK, this was from a few
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  days ago, so we may be back down retesting this, but this is a
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  bull flag. You see the hold on here?
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  This is like a flag, OK, And this is the pole that's called a
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  bull flag. We did break out.
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  We'll have to see how the price action ends today, ends this
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  week, to see if we continue in that direction.
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  Now this morning we got another chart saying gold's rising
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  bearish wedge is broken. I want your opinion on this
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  because I think even though the price is down, what he is
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  pointing out here is this wedge. Let me get my crayons out for
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  you and let me share the right screen.
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  Here we go. OK, make sure you guys are on
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  the right screen with me. Sorry, this is live.
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  So we're going to have some accidents.
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  All right, here we go. This is the bearish rising
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  wedge. As you can see, these two lines
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  are coming together like a wedge, OK, the break out of
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  that, even though it's down OK, may be a good thing because
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  because if we're able to develop again more support in this 32
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  verse 3032 hundreds way down here.
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  We got a lot of area in here that we can build.
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  We can consolidate and build support.
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  So the fact that we broke out of what is a bearish pattern, even
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  though it may be painful for now, in the long run could prove
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  to be a very, very good thing. What about the big macro
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  reasons, the reasons that are supporting the gold and silver
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  market? Hey, look, guys.
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  And again, thank you for joining me here in the basement.
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  I hope you feel like you found a home away from home.
• 9:19
  You belong here, OK? We're the basement dwellers that
• 9:22
  love to talk about silver, gold, precious metals.
• 9:26
  We got a lot of crypto people also who are very interested in
• 9:29
  the metals. Everyone is welcome, OK?
• 9:32
  Please subscribe to the channel, give the video a thumb, a thumbs
• 9:36
  up. Because what we're essentially
• 9:38
  talking about here is investing outside of the Fiat money
• 9:42
  system, outside of the paper money system that a lot of us
• 9:46
  have grown disillusioned with. I guess you can say it doesn't
• 9:50
  mean that we're not patriotic, right?
• 9:52
  I've got an American flag hanging and back there somewhere
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  behind me. I love this country.
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  I love, and I bet you do too, what the founding fathers set
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  out for us. But next we're going to look at
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  3 big reasons why we can feel comfortable that we're making
• 10:07
  the decision to buy precious metals to store some of our
• 10:10
  wealth outside of the mainstream Fiat based monetary system.
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  First I want to say thank you to 1st meant.
• 10:18
  They sponsor the gold and silver content here in Ron's basement.
• 10:23
  First meant is a is a silver mint in Las Vegas, NV making
• 10:27
  world class silver products. They're owned by first Majestic
• 10:32
  Silver, the big silver miner with massive silver mining
• 10:36
  operations in Mexico. So what's unique, what's very
• 10:40
  unique about First Mint is they actually mine the silver in
• 10:45
  Mexico. It gets shipped to Las Vegas,
• 10:48
  NV, where it's turned into these wonderful unique products.
• 10:52
  And then it goes directly to you from the mine fresh silver to
• 10:57
  the mint to you. Did you notice something?
• 11:00
  There's something missing there. Yeah, the COMEX in the LBMA, the
• 11:04
  big paper markets, they aren't touching this.
• 11:07
  They are bringing silver directly from the mine to you
• 11:10
  and it's really, really awesome stuff.
• 11:12
  Here's a year of the snake round that they produce.
• 11:17
  Just absolutely stunning. Take a look at that now.
• 11:21
  You can check this out on their website as well.
• 11:23
  I love silver, but this is a beautiful coin.
• 11:26
  And on the backside, we have the Chinese lunar calendar.
• 11:31
  I believe it is, or there's even in more detail and all the
• 11:35
  different animals that are on that lunar can calendar.
• 11:38
  Here's their website, firstmint.com.
• 11:42
  There's the year of the Snake and there's the year of the
• 11:46
  Dragon. They have bars, 5 oz, 10 ounce,
• 11:51
  1K. And let's get back to that, that
• 11:55
  Buffalo with the Indian Head on their free shipping over $199.
• 12:01
  They got great selection, great service, and you know, and most
• 12:05
  importantly, it's a company you can trust, right?
• 12:07
  Like I said, they're owned by First Majestic Silver.
• 12:10
  That's Keith Newmeyer's company. Everybody in the silver sector
• 12:13
  knows Keith Newmeyer. He's a leader in the precious
• 12:16
  metal sector. So check out First Mint.
• 12:19
  Check out what they have to offer and thank you First Men
• 12:21
  for sponsoring Rons Basement. OK guys, this came from the
• 12:25
  Silver Academy. Here's three big reasons global
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  trust meltdown ignites unprecedented surge in gold and
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  silver demand. Did you know this?
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  I didn't know this. Look at this guys.
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  Over the past year, the gold price is up $1000 per oz.
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  I didn't realize it was that dramatic.
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  Again, you know, we looked at this chart earlier, but
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  unbelievable. But what are the three big
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  reasons why the US dollar will continue to fall?
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  And when the dollar falls, silver gold will go up?
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  Erosion of trust among nations The dollars decline is not
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  merely a story of tariffs or trade policy.
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  It's rooted in profound lack of trust amongst nations.
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  Think about it, When countries don't trust each other, they
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  don't want to hold each other's currencies.
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  If they want to store value, about the only option they have
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  at this point is gold, which will explain why the gold by
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  central bank gold purchases are through the roof.
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  OK #2 global debt in the flight to tangible value, right?
• 13:35
  World debt right now is what is a staggering global.
• 13:39
  They say 313 trillion. I've heard 330 trillion no
• 13:43
  matter what, right? It's unbelievable, you know, in
• 13:45
  the United States were what, 30, seven, $38 trillion in debt.
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  Remember, 1 trillion is 1,000,000 * 1,000,000.
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  There's so much debt out there that it's like almost impossible
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  that everybody will get paid off.
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  The only way they can get paid off is with diluted less
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  valuable dollars. And when the dollar gets less
• 14:08
  valuable, we will have high inflation and we will have
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  higher gold and silver prices #3 gold is sanction proof and
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  political neutral. Think about it, right, Right.
• 14:20
  That's another big reason why countries are moving away from
• 14:24
  sanctions, right? The weaponization of the dollar,
• 14:27
  which a lot of people are saying, look, it's not just me,
• 14:31
  a lot of people are saying is not a good thing.
• 14:34
  The use of the dollar is a weapon with sanctions.
• 14:37
  So in in countries afraid that if they don't do exactly what
• 14:42
  the, the, the powers that be tell them to do that they can be
• 14:46
  sanctioned, that they can lose their money.
• 14:49
  So instead, what are they doing? They're putting it into precious
• 14:53
  metals. Maybe some of the same reasons
• 14:56
  why you've decided to keep money into precious metals.
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  The final thing I want to talk about with silver, and I'm doing
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  another video later in the week that really dives into this
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  further, but I was shocked to learn this about silver.
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  According to the Silver Institute, the most recent data
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  that I saw, over 200 million ounces of silver are used each
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  year in what jewelry? And I'm telling you, I am a firm
• 15:20
  believer that the demand for silver jewelry and the data
• 15:24
  shows this is already picking up.
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  But I think it's going to explode for many, many reasons
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  outside of my keen fashion sense, right?
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  You just have this idea that a lot of people, middle class
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  people, average people can't afford gold jewelry anymore.
• 15:40
  And look, nobody get mad at me here.
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  I don't want anybody throwing eggs or no mean comments or no
• 15:45
  more than the average number of mean comments that you leave for
• 15:48
  me. But I've always thought silver
• 15:51
  is actually prettier than gold. So, but, but let's take a step
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  back, OK? There's about 800 million ounces
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  of silver mined every year. If 200 million of them are used
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  in jewelry. And if that number starts to
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  increase by 1020%, which is what I'm predicting, right?
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  And there's a little double bonus on top of that if investor
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  demand for silver picks up in the West, in the United States,
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  It could be that could be the the imbalance that sets off a
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  unbelievable run in the silver price.
• 16:30
  Do you see why I'm talking about $60.00 silver by April 1st of
• 16:34
  2026? I'm a firm believer.
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  OK, it's going to be a fun ride. The one thing I know for sure is
• 16:41
  that it's a big honor when you join me here in the basement.
• 16:45
  Again, thank you for being here. If you've enjoyed your time in
• 16:48
  the basement, I'd really like you to come back.
• 16:50
  OK, Please subscribe to the channel, give the video thumbs
• 16:54
  up and super chat. Super thanks.
• 16:56
  Whatever. Donations are always very much
• 16:59
  appreciated. Number one, be good to yourself,
• 17:01
  OK? Have a great day and I will see
• 17:04
  you soon.