Alert!! ️ ️ Silver Gold Just had a Massiive Change Comex LBMA China More News too

We silver and gold investors are living through an epic period of time for precious metals. How about a silver squeeze? How about a gold squeeze? We're going to talk about that and why nobody's talking about it right now and why that may be a big catalyst for what we could see maybe in the next six months. There's been a major sea change in precious metals. We're also going to talk about the rarity of silver, some new data that's going to blow us away. What else? Oh, one of the world's biggest banks that probably, if you're like me, I mean, I've heard of them, but I didn't realize they were one of the world's biggest banks is saying something very good about precious metals. And of course, we're going to talk about gold revaluation that did not happen yesterday, but a very critical point that drives home for us why we can remain so optimistic about the future of the gold and silver price. You know what? Let's start by talking about the squeeze. Silver squeeze, gold squeeze, right? It's always like over the last 15, 20 years, you're probably like me. You've heard about it over and over and over again. But right now, nobody's talking about it. And the reason that that's a good thing is that usually when these black swan type events happen, well, that's one of the prerequisites for a black swan that it came about unexpectedly. We've got an article we're going to look at right now. It talks about the Comex. It talks about the LLBMA. It talks about sentiment. It talks about all the reasons why we could be set up for a big squeeze real soon in the precious metals. Let's go out there right now. We got a lot to cover and a lot more to cover here as well, guys. And here we go right here. Let's get back up to the top from gold money. The squeeze is on. Trading conditions on the Comex suggest that gold and silver bears are about to be squeezed potentially viciously. Wouldn't that be a shame? If so, then prices measured in fiat currencies have bottomed. OK, this first chart right here shows the open interest in the gold market, which is the black line on that chart. The gold line is the gold price. Guys, check this out. Look at how the open interest on the Comex is absolutely plummeted, right? He says this open interest in the gold contract, the lowest it's been since the run up to the December 2015 low of $1,050. This tells us that speculators who sell dollars to buy paper gold are even more absent than they were then, which is which was the springboard for a decade long $4,500 gold rise. In other words, they will buy gold futures, adding approximately 300 to 400,000 contracts to take it back into the oversold territory that when they come back, right, when the speculators come back, they are going to drive the price like nothing we've seen before. OK, now we're going to talk about silver at the end of this article. But bear in mind, the same thing is happening in the silver market. It says this is the outlook that bears. Typically, market makers and bullion banks fear must now fear. OK, on top of that, they talk about sentiment. Market sentiment is similar, similarly bearish to the 2015 2016 period. We've talked about this ad nauseum, all the ways that you can measure sentiment in the precious metals market, maybe not right now, but just a week ago right now, we're at the lowest levels they could get to. And all that would give is a big runway for improvement. Sentiment can't could not essentially go any lower than where it was. So it gave us a huge runway for improvement as well. The other thing that he talks about is this arbitrage that goes on between the LBMA and the Comex and how it is all screwed up. And guess who's screwing it up? You guess China. But then we look at the Comex inventory. OK, it's also collapsing. That's gold. All right. The problem for the bullion banks is that markets are evolving from paper dealing into physical settlement. They will be acutely aware that China is not only accumulating bullion, but they are aggressively developing Hong Kong. This is big, guys. And we're going to look at some data on this later as a major bullion based trading center, while at the same time, Singapore also has similar ambitions. It will require banks to hold significant amounts of physical bullion to back the contracts in both Hong Kong, but also to a lesser extent, Singapore as well. Next, OK, what the absence of speculative interest in current markets also tells us is that the paper game is now contracting. It's becoming a physical market as a means of setting spot prices. It's gradually being replaced by China's physical demand. And in the future, China's sponsored market in Hong Kong, which is huge, OK, and as a paper supply contracts, the process by which gold was suppressed between 1980 and 2015 is being reversed, leading to a massive squeeze on paper gold. And now he talks about silver. The same is true for silver. OK, everything we just talked about is true for silver. The chart showing the relationship between COMEX open interest and the price is next. All right. Check it out right there again on this on this chart. The dark line is the open interest and silver at the COMEX. All right. Historically low. OK, the blue line, of course, is the price. The world is shifting from a paper make believe leveraged market for gold and silver to a physical market. Last thing to bring it on home, baby. The problem for paper traders is that demand for physical silver has to a large extent been satisfied by China, who has until recently been prepared to keep prices low. But and we like big butts, right? That suddenly changed last year, propelling the price from under 50 dollars to over 120 at one point. Paper traders have now lost China's suppression, exposing paper contracts in silver to a squeeze of historic proportions. Remember, guys, right. What in a nutshell, what we're talking about here is the fact that the physical demand for the metals, there's a scramble for gold, there's a scramble for silver going on right now all around the world in the physical market is taking over from the paper markets at the LBMA in London, England. Right. And also at the COMEX in the United States, we are moving. It happens. The world changes. And we are going through one of those cataclysmic anyway, major periods of change right now. Be prepared. The other key thing to remember, right, is that things like silver squeezes, things like these black swan events, they often happen when nobody's really thinking about it and nobody's barely anybody's thinking about it right now. But we are. So I think it could happen. Right. Am I saying it's going to happen? Well, I won't go that far, but I'm confident that we're going to see some very interesting developments occur within the next six months in the silver market. At minimum, I've publicly predicted that on December 26, 2026, the price of silver will at a minimum be at $80 per ounce now. But wait, there's more. So that was kind of complicated, right? What we talked about was open interest going down at the big at the COMEX in the paper markets, sentiment being at all time lows, inventory levels being at very low levels in China, in Singapore, in the rest of the East, taking over the pricing mechanism for silver and gold. But if you want to think about silver and gold on real simple terms, here's a great chart that tells us exactly what has happened, but also what we can see happening in the future. This came from Peter Gregor. Gold is the easiest macro trade to understand its futures. Its future price is crystal clear. I mean, and look at this, guys, it's true. OK, this charts the gold price, but the same is true with silver versus the money supply with the gold price obviously being the gold line and the green line being the money supply. I mean, look, right, I don't have to draw it for you. You can see it. It's what does that look like? OK, hot dog. Anyway, yeah, yeah. So I'm flustered now. The money supply, it's blatantly obvious that the as the money supply goes up, so does the price of gold and silver. I better move on to the next slide here. Let's talk about let's talk about gold's performance and every proof that it's happening. OK, proof that just the basic laws of mathematics apply to gold and silver. Let's look at how gold and silver and this came from Matt Peipenberg, a chart that shows gold's performance. I was astonished by this. Gold's performance since the year 2000. Let me make that a little bit smaller for your viewing pleasure. There we go here on the left. We have all the years, OK, starting at 2000, going all the way through 2026. Across the top, we got the US dollar, the euro, the Great British pound. I won't circle them on all, but they go all across the Australian dollar. Look at that, guys. OK, look at all the green in the US dollar. Yeah, sure. We had four or five years. Look at the euro. Gold has gone up every year since the year 2000 in euro terms, except for three years. Look at the Great British pound. Same thing. Four years. Look at the Australian dollar, right? It has really lost value. It only has one year in the red. So don't buy this. Don't buy anybody who's telling us that you want to keep any of your money inside of the fiat dollars. Next up, let's talk about, we have a major, major, I want to look at you. We are living through one of the most epic periods in the history of the world. Also, for gold and silver, people will look back at this time period, 50, 100 years from now and say, wow, can you imagine how crazy things really were? Many of our descendants will be wanting to thank us for the fact that we invested in gold and silver. I believe that 150%. We are in a sea change environment. Now, things are even happening more quickly right now. Let's go out to Monies and Metals, who has a great, great article about what's happening. And this is what's kind of happened here just in the last week, 57,000 jobs and gold and silver take off higher. Think about it guys. That was all it took last week. We're at first, it was ADP on Wednesday, and then it was the Bureau of Labor and Statistics on Thursday, right? Putting out a weak jobs report, the weak jobs report and the rate height narrative that that never was and just died. And I got something funny to tell you about that and why the metals have bottomed. All right. Look at that. This is a chart that shows a jobs growth and look, okay, here we go. The last four months, are you seeing a trend? Okay. And that may be even with exaggerated job numbers coming out of the Bureau of Labor and Statistics. But as we know, okay, the narrative that had been killing gold for like four months, five months was that the Fed was going to be hawkish. I got something funny to tell you about that. The Fed was going to be hawkish. Well, the macroeconomic narrative has just shifted violently and the precious metals market is responding exactly as history dictates. For months, the Fed has maintained a hawkish posture, right? Listen to what they are, watch what they do. Don't listen to what they say. Citing a resilient labor market is justification for keeping interest rates elevated. Okay. However, the latest employment data shattered that illusion of resilience. The labor market is softening. The market is aggressively now repricing interest rate expectations and precious metals have likely just established a definitive bottom. The realization that economic growth is slowing and inflation pressures are likely to cool. I don't know if I agree with that, but that's best case scenario, especially with significantly lower oil prices has fundamentally altered the monetary policy outlook. The pivot is the ultimate catalyst for precious metals. Guys, what we had happened last week, we may look back six months from now and be like, wow, that was the point when things pivoted back, right? Again, and precious metals took off in the explosive price action in gold and silver. Immediately following the report confirms that smart money is already positioning for the new regime, right? That was gold and silver after the news came out. Okay. So basically what we're seeing here again, we, I mean, it's almost laughable, right? Kevin Warsh, our new fed chairman came in at his first meeting, like what, two weeks ago, and he was full of this bravado and confidence and we're going to fight inflation, blah, blah, blah, which, you know, sent the gold and silver price plummeting even more. And now literally just two weeks later, everybody's like, there's a whole new narrative. Excuse me, back in town, right? The fed's going to have to not be hawkish. The fed's going to have to be dovish. I was, I was like, I was laughing because I thought this, this period of hawkishness by Kevin Warsh has to be like one of the shortest in the history of the world. I thought here, I wrote this down. He stuck to being a hawk about as long as I stick to my exercise programs. We are in a new, new world. Okay. When it comes to this, um, it's really, it really is. It really is incredible what we're, what we're going through right now. Okay. Next, we're going to talk about one of the world's biggest banks that I'd never heard of, or I'd heard of them, but didn't realize they were one of the world's biggest banks and what they're saying about silver and gold. Before we do that, I want to say thank you to channel sponsor first meant for sponsoring Ron's basement. They are the premier silver exclusive meant located in the United States in Las Vegas, Nevada. They're owned by first majestic silver. It's a company you can trust when you get silver from first meant you're literally giving, getting silver from the mind to the men to you. That's one of my favorite products. And also I know one of upstairs Susie's that's a five ounce silver bar, and I love their logo. They got all kinds really of world-class silver bullion products. Let's take you out to their website real quickly to show you where to go. Uh, this is one of their 250th anniversary coins, the jar George Washington, but they have all types of products. You can go to their store here, bars rounds, they personalize silver, and they've got the 250th as well. Free shipping on orders over $199. And there's a discount code. You can use VIP RB. And while we're out saying thanks to sponsors, let's not forget first mining gold, the Canadian gold developer with two, right? Two huge multimillion ounce development stage projects in Canada, spring pole in Ontario and do parquet located in Quebec. You can learn more about them at first mining gold.com. Thank you to first meant and first mining gold for sponsoring Ron's basement, by the way, keep new Meyer who I've got a ton of respect for. He's actually the founder of first majestic silver that owns first met. And he's the founder of first mining gold, a lot of respect for Keith and what he's done for both the gold and silver communities over the last several decades. All right, guys, let's talk about the big bank. Who's saying big, good things about gold. And when they're talking about gold, they're talking about silver. Then I'll tell you who this is and why we really want to pay attention. Here we go from Kitco news. Okay. And Ernest Hoffman quote, we anticipate further upside for gold by the end of the year. And think about everything we just talked about, right? The sudden sea change that we've had in the gold and silver market. And really they sum it up all in this graphic. Hold on one second where it says this quite simply. Okay. They say there could be some midterm range bound for gold and silver. Why are elevated us treasury yields? Well, we know that now that's likely not going to be the case. Yields are going down and a strong us dollar and the dollar has been going back down as well. So even those near-term headwinds for gold and silver are kind of falling apart. But on the green side, they say this medium-term support portfolio diversification demand, right? Because people are under allocated to gold and silver central bank buying and steady ETF inflows. And down here, the outlook gold may face near-term headwinds from those elevated us treasury yields and a strong us dollar keeping at range bond. But there's major, major support factors. And like we just talked about those, those midterm near-term headwinds really with all the news that came out just on Wednesday and Thursday of last week, I think we can say that we've cleared those hurdles that came from HSBC. HSBC is one of the world's biggest international banks, uh, headquartered in London, England. And, you know, if they're headquartered in London, England, well, then, you know, that they're a company you can trust, right? Oh yeah. The financial people in London are always so trustworthy and so, uh, upfront and straightforward with things. Let's talk about silver. This shocked me. We know there's a basic, basic, major, uh, imbalance in the world with silver right now. Okay. The, the demand is far outweighing supply. And guys, there just isn't new supply coming on to the market from the mining sector because the price of silver was suppressed for so long. Nobody invested in the new silver projects. And when you look at this data, it becomes even crazier to think about the silver market as a whole. Our friend Oliver Gross shared this primary silver producers are extremely rare and valuable. These are, let me make this a little bit smaller. Let's see if we can get that on screen for you. Here we go. All right. These are like the, the, the, the, the, the big primary silver producers. Look at that. I a gold, uh, they, they're one that does a hundred, uh, silver corp, but what they're showing here is that even the supposed heckler mining, right, which is the United States biggest silver miner. They're only bringing in 50% of their revenue from silver core mining, right? Which is considered a major silver miner. They're bringing in like 25, 30%, but bringing in a lot more in gold Fortuna who used to be Fortuna silver. And they were a major, look, they're bringing in just a fraction of their current revenue from silver. The point here is that, and this really did happen started about five years ago. A lot of the big, so a lot of the big silver miners pivoted to gold. Um, and even the ones that stayed trying to be primarily focused on silver, they're still bringing in a lot more of their revenue from gold. There's just not a lot of silver coming online. And you know, the fact, right. That like 70% of the world's silver that's produced every single year, it's produced on accident. It's a by-product mostly of copper mining, zinc mining, lead mining. Okay. There aren't like, like big primary silver mines coming on on board. I think a company called silver mountain, which I happen to own and fall and own stock in a little bit in full disclosure is going to be opening a new mine in Peru, but there's not a big massive, like supply of silver coming onto the market. So it's going to be very, very interesting. Uh, let's talk about India. We love India. India is like the, in my opinion, either them or China, they are the precious metals capital of the world. And I found this to be absolutely astonishing, but I think there may be an error in this post. I I'll let you be the judge. It says this India has become the world's most gold richest country in households as gold surpassed 38, seven 30. Sorry, 37 trillion worth of global us government bonds. Us households are, by the way, are estimated to hold around three to 5 trillion worth of private gold, including mostly jewelry coins and bars. So they're saying that Indians own $37 trillion worth of gold. And then us, the United States, the richest country in the world, right? We have about 10% or less that we own. So I did some math and, uh, and asked artificial intelligence for some, some help on that and asked how many, how much gold do these Indian households actually own? It's somewhere between 30 and 35. Um, I'm sorry, 30 and 30,000 to 40,000 metric tons, 1 billion Troy ounces. Um, but their math worked out that it would be worth four to $5 trillion. Nonetheless, Indian households, I think other times we've talked about this hold like the households in India alone hold like three times the amount of gold that we supposedly have in Fort Knox, right? So the world, China, Hong Kong, India, the war we are going through a massive period of change right now where gold and silver on a physical level, all right, are being repriced, revalued. Oh, and we're going to talk about Trump's gold revaluation to, uh, like we've never ever seen before. All right. Hong Kong is making, this is big news guys, Hong Kong, which is part of China. From what I understand is making massive, massive moves. Okay. We have the Chinese Shanghai gold exchange, but now Hong Kong is opening their own exchange and wait till you get a load of this. This came from David Lee, right? Who's a guy, as I understand, who's on the ground in China, the Hong Kong stock exchange will waive gold futures fees for one year from next Monday, starting July 6th. That will be tomorrow. This is the new major Hong Kong exchange guys that is making massive moves in gold. They're sucking in a lot of the world's 400 ounce gold bars. Listen to this, uh, two key things here. It has triggered significant changes in the flow of physical, physical gold in a large number of gold bars are being shipped from London. Oh, don't we feel sorry for those fine people at the LBMA, the London bullion market association, the United States. Okay. They're taking our gold too. And Europe to Asia, but wait, there's more because according to the analyst, this may exacerbate the volatility of London's gold market in the short term. If the new system can attract more global and local banks to participate, Hong Kong is expected to gradually transform from a passive recipient of gold prices to a pricing participant in the future. Remember what we talked about earlier? So, and they're waiving fees. They're encouraging it. China, right? China is encouraging their citizens to save in gold. China is encouraging, right? The growth of the Shanghai gold exchange. We hear what's going on in Hong Kong, right? And from what I'm reading, like they're sucking in a lot of these, excuse me, big 400 ounce bars that are used like good for delivery bars. Singapore is doing the same thing. Did you know Singapore is one of the richest countries in the world? We are living through a period of time like no other, right? And all this is going to affect the silver price as well. Okay. It's a very, very interesting time. Not sorry. I almost knocked over. We'll check in with, uh, for those of you who are new, while we got 800 people on here, uh, this is my wife upstairs, Susie, or some people call her silver Susie. Who's, uh, the big boss. And we'll update me when I screw things up. What happens to gold will happen to silver. I apologize. You guys have been asking for this for a while, but this is the gold price. This gold talk a truck. This is the silver price. This old 1980s stopper. See if it turns on its headlights work anyway. Hold on. Anyway, the gold price leads the silver price. Okay. In this rubber band is the gold to silver ratio. So as the gold price goes way out, right? Like I can feel it. There's tension. The silver price could be in, let me turn those headlights off for a major slingshot move. Like we talked about earlier, there's, there's potential for a silver squeeze. I'm going to talk about it because nobody else is less basement dwellers. We are ahead of the curve, right? These things happen when nobody expects for them to happen. Right. And look, what, what, what are, what are some of the top ant? But there's still a lot of big analysts saying that we could have silver prices by the end of summer. Well, I won't even Sam, but they could be significantly, significantly higher. Let's talk about, we did not get. We did not get the big gold rate revaluation that a lot of people were making a big deal about the 250th anniversary. No gold bonds, no, whatever. I got good news for you. I said it yesterday. I'll say it one more time today. I got good news for you. Gold and silver investors. It does not matter one. I OTA that Donald Trump, our president, not a political statement, did not revalue gold and silver or make gold back bonds because you know why gold and silver had been revaluing themselves for the last year. The last, like we talked about from the year 2000 and from 1971, gold and silver don't need Donald Trump. Richard Nixon revalued gold, Barack Obama. What was that other guy's name from Arkansas? Bill Clinton. Okay. Joe Biden. They've all been revaluing gold, but they're horrible decisions. Gold revalues itself. Gold revalued and silver revalued itself during the Roman empire times. Think about it. Right? So all this focus and yeah, sure. Don't get me wrong. It would have been wild. It would have been crazy. I said, I didn't think it would happen. I was actually right about that, but we don't need it. It's been going on anyway. It's been going on for thousands and thousands of years. And, uh, and it will continue to go on. Um, uh, hold on. I had some other big key point I wanted to make on that. Oh, it's a force of nature. Okay. It's, it's a mathematics. It's God. However you want to think about it. Some people call gold and silver, God's money, not a religious thing. Gold and silver, like saying that, oh, Donald Trump revalued gold or whatever. That would be like me saying that I taught my daughter how to walk, right? Like, oh, I taught my daughter how to walk. Well, no, right. She would have learned that on her own. Anyway. I didn't teach her. That's a natural force of nature that eventually she would learn how to walk. So we don't have to worry. Gold and silver are, are, are, are being revalued right now as we speak. Right. Over the last one, we've been on live here for 30 minutes. Guess what? I got good news for you. Gold and silver have continued down the path of being revalued. Actually, they don't even have to be revalued. They just always are right. The basis, the world's reserve currencies, they've been that way for thousands of years. So I hope your heart's not broken that we didn't get a big gold revaluation yesterday. But like I said, minute by minute by minute, let me show you here. Oh, this is great. I will show you in no uncertain terms with one more graphic. We're going to go on a field trip. The gold is being revalued as we speak right now. Hold on. We're going to go out to Google and we're going to type in us that. And we're going to go out to the deck clock. And how do I get rid of this thing? I hate when they put these on there. Hold on one second. Close. All right here, guys. This is the simplest way to know that gold and silver are being revalued. Let's get a bright green and right here. I'm going to circle it a thousand times. The US national debt. That is money that we printed, that we did not have, that we spent, that we now owe. And guess what? You know, the whole story, that number is going to continue to get bigger and bigger. Right. As that number grew over the last 35 minutes that we've been together here live, gold and silver have been revalued, which is really not an accurate way to say it. I'm trying to figure this out live. I think what it is, is like the dollar has been revalued against gold, became weaker against gold because every time, every 12 seconds, when another million dollars gets loaded onto that debt, that's money we don't have. That's debt. That's money that needs to be printed. It's going to continue to happen. We're going to have a great time together. I want to say thank you to everybody out there for joining us today. Please subscribe to the channel. Give the video a thumbs up. Go check out Dirty Man Safe. They've got a discount code they're running right now. Ron 10. If you want a really fun way to store something valuable, silver and gold in the ground. Again, that's Dirty Man Safe. Ron 10 is the discount code. Thanks for being here, guys. You are awesome. Have a great day. Happy 4th of July weekend, and I'll see you. Yeah, you. I'll see you next time. Bye-bye.