🚨 SILVER Price Turmoil 🚨 - PAUSE or Permanent?... (Gold Price Too)
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- čas přidán 22. 05. 2024
- In this video, we delve into the dynamics of gold and silver prices amidst rate hikes and global economic shifts. Despite the recent dip in gold prices due to rising interest rates, we're witnessing a robust rally driven by demand from China, India, and South Korea. Younger generations in these regions are investing heavily in physical gold and silver, unlike in the West, where ETF holdings are down, and speculators are misled by the belief that higher rates diminish gold's value. We discuss key technical patterns, like the 45-year cup and handle, and highlight potential major market changes as Citi Bank warns of a possible crash. Stay tuned to understand why real assets like gold and silver are crucial in these turbulent times, and why a surge in their prices could awaken Western interest, potentially igniting a significant rise in mining stocks.
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Bank of America is betting its bank by shorting 1.2 billion ounces of silver.
it's the last twitching of the corpse of the old system.
the fact that they are not able to push prices down to 25 or less for silver in a matter of days is a strong indication
that the manipulators are loosing their power.
but they won't loose it all overnight.
If black swan happened, all banks closed, does that mean Fiat currency will become papers? if Fiat currency become papers, does that means sliver and gold price will rise up to the sky? :)
The price of silver has gone down in London but the premuims have gone up..
The US is hyperinflating!!!
Yes let's end the Fed! I lost thousand in Retirement because of the Fed!
The commercials are throwing derivatives contracts at the prices to knock them down.
Basically you now have economic war between the US and the BRICS. The difference is the BRICKS have the physical metal
Ron you are Spot on!
Hi Susie, and thank you for all that you do during Ron’s basement show!😇
A good day for new stacker to buy!
IMO, it's simply a test of the new $30 support level and it passed. I'm looking for some big moves northward in the coming days/weeks.
The greenies are holding down the price of silver.
Don't be scared. NOT AN INVESTMENT. You are simply preserving your wealth. DO NOT SPEND IT. It is there for comfort to spend your crappy dollars. You can spend them more comfortably knowing you are not broke
Mom calls it hedging your bet .
Its NOT the governments country either, its OUR country.
Great comment.
No manipulation, folks. Nothing to see here. Move along. 🥴🤔🤔🤔🤔🤔
Excellent info.
Thanks Rodney
It's a roller coaster 🎢..... the loop 🔁 is next.
Hold on tight!
Every 4th Thursday or Friday is the lowest price every month. This is when to buy. Options expiry causes this. Unless a short squeeze occurs.
As long as Silver stays over $30 we should be fine.
It's okay Ron. Issue to consider demand continues to increase worldwide supply decreas good and silver will increase.
Thanks for your hard work!
Thanks for the recognition 😊
I love the dips to accumulate more PM's. The lower the price now the better off we will all be when our Fiat Dollars dies. I'm not hopeful for "to the moon". I want more while its doable 😊
I think the chart will show silver is correcting off the higher highs projection. Speculators who sold on the high might see a greater than premium return on the coming dip. Nobody can make solar use less, the crust have more, Mexico produce more. (Wouldnt it be cool if we started a super effective relationship with Mexico's silver.)
All my stocks are mining stocks except first solar which uses silver
It looks like they pushed it down to the trend line.
Not quite sure what to make of it, but if you look at the daily chart for silver, there are long periods of flat lining and then one change and flatine again. Seems highly sus to me.
It's a good time to sell Ag and buy some Au...
I'm going ot go ahead and guess that chart for Gold Discovery, the exploration side, is in Nominal terms. Would be interesting to see it inflation adjusted. If its nominal, it would be quite misleading, as most stats are :)
I hope and pray silver goes down to $15.. I’m gonna buy a truckload if it does.. 😊
You should have bought it at $15 when it was there. $20? $25? At $100 you will be saying "I should have bought it at $30? Silver is not an investment. It is a hedge against a failing fiat system of debt. It is asset protection.
@@theposhhead6308 I did buy it at $15
Oh Ron thought it was going to $200 an ounce soon as 😂😂😂😂😂
It is
Gold has dropped $100 in the last 2 days...this is due to the dollar getting stronger....In Asia gold is continuing to go up!
100% correct. All the Nations wanting to join BRICS (43) & the 20 that formally applied have all been devaluating their own currencies to strengthen the dollar so as to purchase all the West’s gold & silver.
The dollars will rise as the system crashes. Entities enter into the dollar to save what they have left... not truely knowing what is going on. The naysayers that the Fiat dollar will never die, the govt will always fix it. Those days are DONE!
Our dollar is on life support all the vital signs say last rights. A dollar up or down on metals isn't an excuse for a hissy fit.
Dxy only at 104 ?
104 sitting on a very unstable floor.
The older one gets, the higher they want to see it. And the older ones just getting in now, are thinking like everyone when they first got in. And the young newbies can't wait for a crash.
Fortuna Fish
Inflation will not affect increases overall!
Silver getting crushed. Glad I waited to buy. Waiting for $24’s
👍it could drop to $20..
@@billysmith6284, 😂 Never.
30 is the new support. If that fails then 26-27 will hold. That's the bottom.
I think they need a Centralized Digital Bank Currency so that Ai can trade it at super human speeds and for cheaper than dollars.
Don't you reckon that there is going to be a day when stackers will force a gold standard in commercial dealings during a SHTF moment, which seems to play a part in this area, long before the government gets around to it?
Who else will demand a Gold Standard first?
Massie demands End the Fed, so they voted against CBBC instead. Good step. Slugs move slowly. Slugs, to a vending machine operator, clog the money chute.
Glad I waited to pull trigger. Gonna sit tight until I can get it at $24 or better.
You will be waiting for ever not happening SHORTY!!!
I’m not short. I’m patient.
@@lotsofthisandthat9791
There will be a day in the coming months that you will not be able to buy precious metals with dollars. My opinion
copper is a monetary metal as well -- See the penny
Pennies are zinc.
🎉having a daffy duck
It's just a pause 😎
From what i understand....JPMorgan and BofA have a huge naked short positions....more than even exists....and there is also a huge arbitrage between the silver in the West and the East....price in East is $35...so this price action is strange...
what do you care about value? what do you care about cost? what do you care about your bottom line? ~ Jay Bryan Cohen of Dorset H in Boca Raton
You need to see assets when you talk about debts in a balance sheet. You can’t only have debt.
✨️🇺🇸✌️
Pause
I had lunch with Janet yellen two days ago
And I had lunch with Jerome Powell.
For crying out loud Bank CDs are only paying 4.8%
Gaps need filled
What gaps? Where? I don't see any.
@@Jrome3 27
You NEVER know what you're talking about and always speculating, just click bait as always.
If that's the way you feel, there is plenty of other shows you can watch, including Road Runner cartoons..