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Silver investors and gold investors. We have some major developing stories. Four reasons why we could be headed towards a silver squeeze and shocking realization recognition of that from one of the big mainstream media sources. But we also have crazy data about gold. I mean just it's going to make your skin curl when you hear this. and a big big bank makes a big big bold statement about precious metals. We're going to cover it all. Let's get started right now by talking about what's happening in China and why even uh some of the most critical people of precious metals are now recognizing that we could be going into a squeeze. But I'm going to squeeze you first and tell you thank you for joining me down here in the basement. Seriously, I hope you feel like you found a little home away from home. Some people have called this the Mr. Rogers neighborhood for gold and silver investors. I want you to feel welcome. I want you to come back. One way you can make sure that happens is by pressing that subscribe button. That also makes upstairs Suzie very, very happy. Give the video a thumbs up. Uh leave a comment. That's Look, you're smart. We want to learn from you. You don't have to agree with me or the other people in the community. Some guy pointed out something to me last night about the United Arab Emirates and silver. I'll talk about that later that I'd never thought of and it was kind of critical of me and that's okay. I learned something from him. Anyway, subscribe to the channel, thumbs up. Most important, thank you for being here. I get a warm and fuzzy feeling every time we go live because we got some great people. Without further ado, let's talk about China and this potential we have right now for a silver squeeze. We're going to start here. Big breaking news from Bloomberg, right? The mainstream of mainstream financial news says it themselves. China's big silver squeeze persists even as prices are steady. Okay, this is Bloomberg guys. This is I believe today. Yes, Febru Well, it was yesterday 6:00. Ah, pretty much today hasn't been 24 hours. In the last 24 hours, international silver prices have steadied after an epic bout of turbulence, but supplies in China are still being pinched as investment and industrial demand drain the available uh uh warehouses, the vaults. Okay. Now, now I haven't even gotten in. We're going to start now with four reasons why we could be seeing a silver squeeze. and we're going to put it all together. Okay, we got some examples. Let's dig in right now. Number one, this came from King Kong 988, right? The authority when it comes to the Chinese metals markets. He says this, this is significant. The Shanghai and the Shanghai futures exchange have effectively extended strict position limits to both long and short hedged silver futures positions. If traders fail to obtain approved hedging quotas from the exchange, this change will make largecale leveraged naked shorting of silver futures on the Shanghai futures exchange extremely challenging going forward. So what this means is is and there this is all breaking news right now guys and and being interpreted in many different ways but what this means is that in China if you're going to short silver you got to prove you have a purpose to do it remember that Mr. on an who's short like 15 million ounces on the Shanghai futures exchange. He now has to prove, as I understand it, he has to prove to the Shanghai futures exchange the reason why he's short, why he's selling silver. Okay? He's not a jewelry manufacturer. He's not a mining company. He's a pure speculator. So the theory is that he's not going to be able to prove and that the Shanghai futures exchange are is going to force people who have large either long or short, which is what we're interested in, positions on the Shanghai Futures Exchange to cover those positions. Again, that's the most accurate uh explanation or description of what this big announcement means. But it is big news. But wait, there's more. Because when we also consider what's happening on the COMX and the LBMA, the paper futures markets, uh the COMX specifically, right, the Makebelie, Fantasy Island silver market in the United States, that's reason number two that we could see a silver squeeze. The available silver for delivery on the March contracts, the the um I almost said regulated. Oh my gosh, I'm losing my mind. Anyway, the silver available to be uh to be delivered on the March contracts is right around 100 million ounces. Right now, there's 400 million ounces uh accounted for, not all of that will be requested in physical delivery. But even if a quarter of it is, or some people say that it could be as high as a half, it could create fireworks on the COMX eligible. And I keep oh my gosh, I can't remember the word. Maybe sues me. eligible and available. I don't know. Anyway, you get the point. Let's move on to point number three. Uh the Chinese inventories on top of the fact of what they're doing in terms of limiting how much uh how big of short positions can be acquired on the Shanghai futures exchange, we also know that the inventories on the Chinese in the Chinese markets are also going way way way down. And fourth, right now we get this news. This is more breaking news from the SLV ETF in the United States. It also has a huge short position. This came from Peter Spina uh who pointed out a record high short position in SLV. The short short position in SLV rose by a further 18% up to 73 million ounces sold short on the NYSE and 12.8% 8% of the total SLV shares outstanding, a new record. Okay, 12.8% of the total shares of the SLV ETF are now sold short, up almost 18%. And that came from Ed Steer. Okay, so now we're talking about, hold on one second. We're talking about four things, four reasons. And that's why we have Bloomberg talking about short squeeze. All the other silver YouTubers are talking about short squeeze. I don't talk about short squeeze very often, but I do think that the conditions are in place. Absolutely no guarantee. Okay. And what we went through over the last nine months in the silver market was not a short squeeze. It was a physical driven rally. Maybe that last little spurt that we got from $85 up to 120. Yeah, I don't know if we call that a squeeze, but it was certainly a parabolic move. But we've got four reasons. Let's review them. The regulators in China are clamping down on the naked shorts. That's number one. Number two, the ComX uh inventories in the vaults that are available to satisfy the futures contracts that'll come due in March are are precariously low at stress levels. Okay, that's number two. Number three, the Chinese inventories in their vaults to satisfy the contracts on the Shanghai Futures Exchange are very, very low. And number four, we've got a record level of short interest on the SLV ETF. We are living through a period of time, I've been following silver closely for decades and decades, okay? We have never been in a position like this. Yes, we had squeezes in the past, but they were paperdriven. This situation is way different. We've got a physical rally in the metals, and it's going to be interesting to see how it all plays out. On that note, let's go check on our friend Rashad, our favorite silver chart analyst, who has a pretty uh let's say optimistic uh outlook on where the silver price could be by summer. I wrote my notes first and I said Christmas. And I went back and checked. He's saying this could happen by summer. Before we do that, I want to say thank you to channel sponsor first Mint for making this broadcast possible. They are a silver specialist Mint that normal people like you and me can buy silver from. They're in the United States in Las Vegas, Nevada. But guess what? It's the freshest silver in town because First Mint is owned by First Majestic Silver who mines the silver in Mexico. Ships it to Las Vegas, Nevada, where they make worldclass silver bullion products like this here 1 silver round. That's their Las Vegas round. And then that silver goes straight to you. So all this talk we just had about the Comx and the LBMA and the Shanghai Futures Exchange, it never gets to touch the silver that people like us are able to get our hands on thanks to First Mint. Here's their website. You can check them out for yourself. Great company, great feedback from everyone in this community. Uh it is first.com and there is a discount code that you can use. Hold on here. Do I have it up? Yes. Hold on. Having a little tech issue. Yep, we got it up. There's a discount code that you can use as a basement dweller. VIP RB. VIP RB. Okay, Rashad. Let's go see what Rashad is saying and uh and see what we think about his projections for where we could be by summertime. Rashad puts this out. He says, "My $250 plus forecast of silver in a five-hour chart by the summer of 2026." And then he reminds everybody as I'll remind you as well, this is not financial advice. I'm speaking my truth, what I believe. Rashad obviously is pointing out what he believes. But guys, here we are right now on this chart. He's expecting a little bit of choppy action probably through that Chinese New Year, a move up, more choppy action, a move up, um, a wedge pattern, and then boom, blastoff time. Okay, you might be thinking about possibly converting some of your silver into other real assets if that comes to fruition. And we absolutely cannot rule this out. Yes, of course. That's a very aggressive, very optimistic uh prediction for where silver could go by the summer. Okay? But look, at this point, I think we know and think about the four factors we talked about earlier. We can't rule anything out because remember, right, just two years ago, we sat down here and talked about silver when the price was at 23, 24, $26 per ounce. And today, oh my gosh, we need to go check on the silver price because silver always goes up during our live streams together. And we are currently up $361. For those of you who are new, this is the world spot price. I'm going to circle that for you. Okay, that's the immediate delivery price for silver, the LBMA. If we go out to the futures market and here's the price we're at right now, $84.55. Let's go out and take a look at the futures. $8450. Let's see if I can remember that. And we're Boy, we are just about uh and we now Yeah, hold on here. Yep, we are just about at equilibrium. There is no real premium. This price should be higher. This is the futures price uh for the March contract. It should be higher than that spot price we just looked at, but it's the same. We are not in a state of backwardation, which means the spot price is higher, but we're also not in what is a normal healthy market condition, which is called contango. When the futures price is even higher, we're really in a state of equilibrium, or as we like to call it down here in the basement, backward backward tango. >> >> which sounds like a fancy Argentinian dance, but really what that means is the spot and the futures price are in equilibrium. One more thing about the Chinese market before I forget that's creating a big big stir and there's a reason why this is important is that there's a big differentiation right now in the Chinese futures market between the front month contract which means the most immediate contract and the next month contract out. What that means, right, is that people want to get their hands on physical silver. It's happening and it's happening all around the world. Okay, so we talked about an incredibly optimistic I'm going to be a Debbie Downer right now and I we'll talk about all the reasons why uh that that I don't think this will happen, but there is one analyst who's actually calling for the price of silver to move down to $50 per ounce and for it to happen pretty soon. We'll give the uh we'll give the naysayers their due here. Let's go out to this guy, Mr. Sirill Jubert. We respect you. You're probably not real popular right now, but hey guys, anything can happen. And he says, "Waiting for a pullback around 1702." That's like the European way of saying February 17th. They like mix the dates up or maybe we mix the dates up. You get my point. Anyway, he says as long as as long as the pullback on the old resistance at $50 has not been played, $50 is also the moving a the 200 day moving average. I cannot be interested in the silver moves. He says this pullback should be orchestrated on the 17th or 18th of this month, February, during the Chinese New Year holidays. There's a reason why that why he's saying that. Before the 17th, it could be too early to go to 50. After the 18th, silver could plunge, oh my gosh, it's worse than I told you to $48 or less. The reason why he is saying this is because yes, I think it's on Sunday, the Chinese markets, everything in China shuts down for a week. I want to move to China. We don't ever get time off like that in the United States. Anyway, I digress. the entire Chinese markets, all of it, everything will be shut down for a week or maybe it's even nine days. And in the past, be prepared because like he said, that's been an opportunity, right? Somebody put it out the other day when the Chinese market's going to be shut down for their their New Year celebration. Uh basically, the silver and gold price are left in the trustworthy hands of the COMX and the LBMA. And let's just say that in previous years during that period of time when the Chinese market shut down, there were some strange things that happened in the precious metals markets and not always for the good. But again, we'll keep an eye. Everybody's monitoring this situation. It's going to be interesting to see how this period of Chinese market shutdown actually does pay pay off. We're going to look now. Uh well, hey, you let's we're going to look at something funny and then unbelievable crazy data on the um on on the uh u on the on the gold market. Um hold on just one second. I need to mute my microphone uh because my parents are calling me and I'm going to make sure everything's okay. So, I'll be right back. I'll be right back, guys. I'm calling my mom and dad. They may need me. Sorry guys, I have uh you know I'm a little bit older. I have elderly parents and they were out driving some little surgery procedure. Everything's fine. I apologize for the interruption. I almost tear up talking about my parents. Anyway, um family first always upstairs Susie and family. Oh yeah, crazy data about the gold market. Um uh and really crazy data and then the big bank. We'll get to that. I want to say thank you to First Mining Gold for sponsoring Ron's Basement Development Stage gold company in Canada. Two huge projects, Spring Pole in Ontario and Dupque in Quebec. Each of which have millions of ounces of gold in the ground in Canada. A great jurisdiction in jurisdiction matters in big gold deposits and good jurisdictions are hard to find. You can learn more about them at firstmining gold.com. Always do your own research. Remember, I'm not a financial adviser. This is unbelievable about gold. Let's take a look. There's two things. It starts one way and then gets even bigger. Okay. Oh, shoot. Here. Wait a minute. All right. We're going to go to that. Before we go there, not only is there big short interest. Boy, my notes are all screwed up today. But there's big short interest in the M silver mining stocks as well. Silver miner short interest climbs to a recent high. uh first majest first majestic and discovery see covering silver miner short interest is at a recent historic high short interest for the subindustry is 2.4 4 billion. The first time we've seen total short interest top the 1 billion level. This came from a report from uh uh seeking alpha and was shared by Oliver Grove. Reason why that's important guys again when the mining sector takes off when the silver mining sector takes off and I mean it is so undervalued right now it's going to bring many more eyeballs into the overall silver ecosystem which will be good for the physical silver price as well. Now, let's get to that crazy gold data. Sorry for the interruptions today. Uh here here's here's Oh, boy. Here's the here's silver investors who bought at $20 per ounce. Then we're going to get to that data. Right. If you bought silver at 20 bucks an ounce, this is what it feels like for you right now. And I'm not sharing the screen. All right, there we go. Now I'm sharing it. That's what it feels like right now. Okay, without further ado, >> kind of frozen. Uh >> oh, >> no, I can see you now. >> Okay, thank you. Upstairs, Susie. >> Get a super sticker, by the way. >> Okay, thank you. Yeah, thank you guys. Sorry the wheels are coming off. This is live, you know, like live TV. There's there's mistakes that happen, but this really on a very serious note is incredible. And then there's even more incredible data about gold. Remember, gold is the granddaddy of the precious metals. So if you're just into silver, you know, you also know what's going on with gold because gold oftent times leads what happens with silver. But there's gold silver HQ says there's only one true safe haven. This is a five-year chart, okay, of the return on gold, how gold has done compared to government bonds. Okay, look, they both start out equal back in 2021. Look how well gold has done. up 160%. Right? You can see the yellow line. Look how the government bonds. This is the TLT. You can see that there. That's an ETF that tracks the 20-year uh bond, the value, the price of 20-year bonds. 20 years. I did some research on it last night. It's 20 years plus bond maturities, government bonds. That is down 46%. I had to check it because I did not believe this when I looked at it, but it's true, right? That's gold. Okay. Um, okay. Now, next, this it gets even better because this shows us uh I'll I'll give you the reason. I don't want to ru ruin it, but this shows us something very important about the precious metal sector in general. Mr. upy shirt. Apple computer is now worth almost 10 times more than every USlisted gold and and gold mining ETF combined. Apple computer itself, one company is worth 10 times more, right, than every gold and gold mining ETF combined. People keep calling gold crowded while the entire ETP stack is the size of Proctor and Gamble. the entire okay uh if this really is the start of a metal super cycle this bar chart is the before picture and take a look at this guys it's incredible okay right down there those are the gold right here these are the gold uh and gold mining ETFs okay here's Apple computer there's Nvidia Nvidia is worth more than 10 times Apple uh is right here as you can see by this arrow okay at 36 uh what $3.6 trillion. Literally one company, Apple, and it's not even the biggest company is worth more than 10 times all the ETFs that track the gold price and the gold mining sector. And to put that into perspective, uh the that entire the th that entire aggregate of those numbers, the gold mining ETFs plus the gold ETFs are about the size of Proctor and Gamble. Man, when we put it all together, when we look at the big picture of what is going on right now in the gold and silver mining sector, how can you say that it's a crowded trade? Okay, there's a lot of room, a ton of room. That's the most the gold is the most valuable asset on the face of the earth, period. Okay? And we're talking about all the ETFs that track the gold mining and the gold, right? Don't even don't even make up 10% of the market cap of two of the biggest companies and barely make up 10% of Apple Computer alone. This is the most valuable asset on the face of the earth. This gold is the asset, right, that the world central banks now hold more of than they hold US treasuries. But we're early or but we're late. It's crowded. No, I would say we are early. And I say we've got some great things to come down the road. Hey, thank you for joining me down here in the basement. I apologize for the interruption. I made and and thank you Susie. I got to and wait a minute. Thank you for the super sticker. I know you're like me. Family comes first. And I thought there may have been a little family emergency, but there was not. And I want to say thank you to Don Borin. Thank you for the super sticker, my friend. It's your special day. You're famous on the internet. Look at that. Thank you guys for joining me down here in the basement. I want you to come back. Please subscribe to the channel. That way, you'll get alerted every time we go live. It's going to be a wild fun ride together. Have a great day. Okay. And I'll see you. Yeah, you. I'll see you. I see you right now. I'll see you soon. Take care.