if it looks like the big boys are going to win again and to me the big push when silver hit 30 bucks back at the end of last month when that failed this changed from the wall street bets crowd being in control they only had 13 percent to go if they had been able to clean that out something would have broken we would have had 50 silver hi this is mike maloney with jeff clark once again jeff how are you doing i'm doing great today mike and it's great to be back back with you of course and today ladies


and gentlemen we have something a little different for you something special we're calling it a chart special it's a bunch of charts that mike has put together himself so we're not going to do the usual article the day and tweet of the day and things like that this is going to be some charts that mike wants to get across to everyone so so this should be really good so mike you've got them set up here so tell us about this first chart okay actually um this was made if you see up in the


left hand corner october 30th 2020 and i just drew a chart every once in a while i do this out of curiosity now one of the things that i do want to tell everybody here i am not a technical analyst so you can't take any of this as investment advice or you know i do this once in a while playing around uh for my own um education input entertainment and so on and so i'll go on to stock charts and and create these charts where you can do things like put in fibonacci sequences which is the red


lines on this chart i drew a support range from a trading a support area from a trading range that happened back in april may june july uh and then there's a 200-day moving average what i saw in this chart when i put it together and the first time i actually put this together was one month earlier than this it was september 30th roughly um after gold had made a dip so this first chart is gold and it's a one year chart why when i drew all of these things i saw what i call a triple magnet and


whenever i see like a triple or quadruple magnet two three things landing on the same price range we had the 200-day moving average which almost everything whether it's a stock an indices a particular commodity like gold almost everything has to revisit its 200-day moving average sometime or another and what you see here is back in the march crash gold went through its 200-day moving average pierced it and then bounced back up and then entered this trading range and then zoomed up to almost 2 100 bucks


and i you do draw a fibonacci uh sequence over the top of it that's the red uh horizontal lines and fibonacci this is something that happens in nature all the time you've got uh the move from the march bottoms to the august uh peak and then uh a 38 0.2 retracement of 50 retracement and a 61.8 retracement and uh you see this in herding patterns and humans do these hurting patterns especially when you've got so many of them interacting like they do in the markets and so when i saw the 50 percent


retracement and the support for the made the trading range and the 200-day moving average all converging on that uh 1771 area i decided that uh you know gold could be attracted back to this area it might fall to that 1770 1780 price range area and so uh i took a look at silver and silver has a major trading range that happened november december of 2019 january february march uh of 2020 and then you had the crash and i drew some fibs there now the 200 day wasn't even on this chart yet because


silver makes such dramatic moves but i did see this double magnet of the 61.8 percent retracement and the major trading range so i decided to uh see if i could set targets and if either one of them dropped these levels i would make a buy and then the next chart is gold updated on november 22nd november 27th of 2020. you you see that uh what i did here was i added some more moving averages there's a 200 a 220 and a 250 day the reason i added these is i played around with and i looked at those march lows


and i wanted to know how far below the march lows the the close of the day was and the intraday trading and when you measure with the close it comes out at the 220 day moving average was the bottom in march and when you measure the intraday that green line encapsulates the intraday price action at the 250 day and so i i was watching this and i generated this on the day that i and i made a purchase that day all of my insiders found out about it i posted it just a day or two later uh i and uh i made a purchase of gold


not silver i was really hoping that gold when it pierced that uh 38.2 percent retracement and the previous support that it had from bouncing off of that i was hoping it would drag silver through the through its support and it didn't so tell me what do what you see in these uh jeff do you see anything uh that i don't see and uh uh this is actually very reassuring to look at because every once in a while someone will ask are you sure we're really in a bull market and this shows you know the green line


shows the 250-day moving average that we are in fact still in a bull market and this actually can give you confidence about when to buy you look at these major support levels and when they can be hit and those are very good entry points so i like it yeah so i made a purchase of gold on that day within about two dollars of the very bottom and uh anyway let's move on uh the next chart here is the entire bull market of gold from 2001 until today and uh you see this you know this almost per you know it's interesting


riding through this thing you see that you can draw a trend line on it from 2002 until about 2005 and then it appears there's a little bowl that pierces through to in 2004 actually uh and 2000 no i'm sorry 2005-2006 uh that trend line is violated gold went sideways for a little while and everybody was going oh the bull market is over with you know i was writing an article called the great fake out shakeout because all these people were selling out their positions and stuff and uh then and it it just can and i


said it was going to continue and it did it continued on up big time there's that big move in late 2005 into 2006 and then um we went through that bear market uh in uh 2007 and early 2008. everybody's saying oh it's over with and and this is part of this the major portion of this dip that happened in 2008 is all of the liquidation that was happening during the market crash of 2008 the global financial crisis because p a lot of people have gold futures and they've got gold on margin and


they've got uh they've got gold contracts on the same trading platform they've got gld and slv on their trading platforms that they have uh that that they have all of their other stocks and the stock market was crashing and gold bottomed in october of 2008 uh the markets kept on crashing until march of 2009 but everybody was saying that goldberg bull market is over with and then we have the 2011 peak up at nineteen hundred dollars and we've got this cyclical bear inside of a what i call


it's a secular bull market in gold i really consider this one huge bull market i don't consider this mid-cycle correction is what i call this thing from 2011 until today this is nothing but a mid-cycle correction for somebody that has patience and has really looked at monetary history and so um uh i've just been adding to my positions during this uh pullback from uh 20 you know 2013 through today i've continued adding to my position and uh you know and i still i started buying in october of 2002


with uh gold at a 315 dollar spot price i was buying gold eagles for about 325 i believe there's a video on it but in the next chart what you see is there's a bowl pattern that has uh formed this is a fibonacci arc and uh we should point out this uh mike sorry to interrupt you we should point out this is a log chart too oh yes yeah it is a log chart so what you're looking at is the percentage difference in gains not the price difference in gains so anyway what you see here though there's a little bit of room


for a further pullback now if gold violates this bull significantly then we're probably doing something me uh what's that's called making a cup and handle but that would require the economy and the markets to stay in a good condition for a fairly long period of time maybe another two or three years it's possible i just don't see that happening and then it could uh make this uh cup and then a handle on the cup so we've got the cup but a lot of times just like in the 2009 crisis you have a very symmetrical


pattern we might just have one more a year like there was a reflection from 2011 2012 time frame uh we could be making that and in in that case we're like already halfway through it and then the bull market continues or it might start uh you know when it tags this bowl uh we've we're in this period of indecision i'm just playing around with technical analysis here the indecision is that it could go up or you know when i uh first became a precious metals dealer one of my major suppliers i would call


to place an order and i'd say well do you think uh gold where do you think gold is headed they go it's headed up or it's headed down what's the order you want to place you don't care about what direction they're just making a tiny little spread when they buy or sell because they're fully hedged and so they only care that you place an order that's all they care about but uh i we're at this at this point where it could go up or it could go down it's not gonna go down a lot


if it does um i'm you know a lot of people uh hate this when i say it but i'm in a position where i've accumulated enough and so if it goes up from here that's okay if it goes down i'm going to use that as a buying opportunity and add to my position but boy for many many years i was in the same position that a lot of people are in right now where i'm going oh uh you know i'm worried about the economy i i know that this is the right thing to do should i buy now or should i wait for a


pullback and you know if you don't have any you might want to just go ahead and buy and then suffer through any pullback that happens that's what i did and i'm not making any recommendations but if you've already got a large position then there could be uh an opportunity coming up that we're going to get to at the end of this video uh but this bowl pattern we're still inside the bowl and you can see that and this bowl you can draw it in a few different ways but most of it uh stays within this uh


one section of the bowl and moving on to the next one we're going to get into more of what is happening today right now and when you look at uh weekly transparent gold holdings now this is from nick laird of gold charts or us and what you see is this tremendous accumulation that happened right after the march crash in april may june july august and with that accumulation came this tremendous rise in the price of gold but then you see that it sort of the the accumulation petered out there wasn't as much


interest in the buying in uh uh in september october there was a little bit of buying uh november there was some selling and the price leveled off and started to fall and we started building this wedge pattern or you know they call it a a a wedge or a flag and there's just been a little bit of selling so the the upper uh portion of this chart the gold part is the price the blue line is the millions of ounces held in published repositories mutual funds and etfs everybody that reports and you can see


that that sort of leveled off so there's no more buying pressure there's not much selling pressure it's sort of a 50 50 mix enough buyers and sellers on both sides to where the price the the holdings leveled off and the price because of this lack of interest starts falling you move on to the next chart and that's the silver chart and this is where we get into the um wall street bets people in the silver short squeeze and all of that because what you see here is uh the accumulation back in april


may june july and the price rise that happened from the march lows the the gray line on the top chart is the price blue line is the amount of holdings and you see as those holdings increase the price explodes and goes from around 12 up to 28 here i would imagine these are weekly prices because it it almost hit 30 i believe uh and then you see it chopping sideways and then this the silver short squeeze started from the wall street bets people the reddit crowd and you see all of this accumulation on


that the lower half of the chart again and one of the weeks here was i think the biggest accumulation in a single week ever um uh so you see two weeks of accumulation and then one explosion and the price goes up with it but then you see a week where there's uh selling out of it and it was you know they've got the weekly change here so you're talking more than 25 million ounces uh and then just a little bit of accumulation now this chart is for last week uh so um uh we won't see what happened this


week until next week uh then then so what do you see in these jeff is there anything that uh that you see between the gold holdings and the silver holdings well that's what i was going to point out is that the gold holdings leveled off but the silver holdings continued to rise pretty soon pretty significantly there and again due to the reddit wall street bets crowd but still the bottom line was the the amount of holdings can you know increase dramatically uh whereas gold didn't right but what i


also see is is tremendous volatility in silver you see the reddit crowd accumulating in the first three weeks and then their accumulation in the uh fourth week of that of the silver short squeeze was more than neutralized more than offset by people that were taking profits and selling and so even with the reddit crowd coming in and buying buying buying you had outflows uh in that week of more than 25 million ounces the reddit crowd i believe a lot of them are trading on margin trading accounts and they're


very highly leveraged sometimes they trade options and things like that and most of them buy in slv and this next chart shows that the next two charts this is transparent silver holdings so it's the published repository so it's the total amount of silver in all these different published repositories and you can see the accumulation since mid last year uh in the comex vaults and then the next uh this chart is everything this century the next chart is a close-up of just one year and you see the reddit crowd coming in


at the end of january and this big accumulation at the end of january in slv the light green area nothing was taken out of the comex the other funds everything that has a bump in it that's above slv is because it's sitting on top these are all sitting on top of each other and so the change in holdings the reddit crowd but only in slv and slv there's it's it's one of the things where what we've seen over the past couple of days with the announcements the change in the prospectus


these exchange funds uh seem to almost be set up as another way of manipulating the price of of silver and gold and the reddit crowd was i believe sort of buying in to this manipulation you know unwittingly uh they they think that this is taking it off of the exchanges there's no change in the comics now it did change the amount of the uh london uh exchange and that is not listed in here uh that's not part of the listings that i see uh in the legend that's on the left hand side of this chart but you can see


the explosion sudden explosion in slv holdings and the price moved with it but somehow they were able even with this explosion if you look at the top of the chart the total number of millions of ounces that's an explosion that should have taken silver past its previous 30 dollar high and once it cleared that resistance it probably would have run significantly up into the mid 30s maybe even up to 50 bucks once again but the powers that be seemed to be able to cap this and manipulate it and keep it from exceeding that area of


strategic resistance if it had gotten past that they probably would have lost control so the reddit crowd did not push it far enough they needed to take stuff off of the london exchange out of the comex bars meaning you buy physical and you take it out of those vaults you don't leave it in a vault where slv can be shorted all these people have margin accounts because they they're looking for quick fast gains i'm a very patient guy i've been playing this now i'm coming up on 20 years it's been very rewarding


i mean my i've had spectacular gains uh but at the same time it requires a lot of patience especially to ride the silver roller coaster and what i see in this what i see in this chart mike is that uh silver holdings continued to accumulate um yeah they spiked with the reddit crowd but the trend is clearly up this is a one year chart and uh investors continue to buy physical silver or representations of physical silver but in the big picture the trend is up people are continuing to buy silver but all in in


uh derivative type accounts uh everything on this chart is a derivative of silver they're not buying silver if you have a margin account on slv and you buy slv in your margin trading account margin enabled trading account if you're allowed margin you know buying of two to one or five to one which very common if you're five to one you're putting down two dollars and buying ten dollars worth of silver and it shows that you've got ten dollars worth of shares there however eight of those shares were


loaned to you by the broker and the broker can borrow those are ious for shares they're not shares they're the brokers ious [Music] those are the shares that they can borrow at any moment because you don't own them you've only put a down payment on them they can borrow those shares and loan them to a short seller that now sells those same shares those same ounces of silver to somebody else and now two people own the same ounce in other words the price gains that should have happened from that second ounce being


purchased were just neutralized and so they're buying in to part of the price manipulation if you can neutralize all that new cash flow that's coming in and not let it push up the price that that seems to be part of the object of this so um the any uh anybody with a margined trading account is versus buying the you know it's thousand ounce bars that are on the exchanges if you bought a futures contract and took delivery right away uh you know or a short-term you know a near-month futures contract took delivery at


expiration whatever if you uh buy a basket on slv and take delivery if but it's easiest you know it all comes from south a thousand ounce bars and there's only so many of them out there it's just easiest to buy physical silver in any form because all the other forms are made from the thousand ounce bars so you just buy physical silver and put it in private storage in in a storage account or or take delivery of it at home a private storage account that's insured in a a vault that's not uh


in a location where it's also a commodities exchange vault or a vault for slv so the next chart is gold and i drew this just this is drawn just today and on stock charts they don't have the information for gold and silver that day they only do it after the close so this is yesterday's information february 17th and what you see is uh the moving averages are now up there we've got something that's either called the kiss of death or the death cross where the 50-day moving average the green line


is touching the 200-day moving average the blue line now it could bounce off of it very bullish if it crosses through it that could be a negative since this is 200 days of information uh we won't know for for a while it's a very slow moving uh indicator but you've got the 50-day and the 200-day now the 50-day could dip through this uh for a short period of time and then go back up and that's very very bullish if that happens uh and then we have the 250-day because that encapsulated if you look at the


intraday moves down in the march lows uh we have the the beginning of the uh that bull market since march it encapsulated all the intraday moves the the red line the 250 day moving average and then we've got the retracements the blue uh horizontal bands and you'll see that we have dropped back down to that seven 1770 area it's possible that we could see a drop but we're in this major trading range support that happened i didn't even have to draw the trading range support because it's completely encapsulated uh


with the uh 61.8 percent and the 50 uh retracements and that 61.8 also has the the previous uh peaks which are support lines so you've got some really significant support here and we're right on it right now which suggests that gold should go you know has a has a good probability of going up uh there is no like triple magnet down at the uh 61.8 uh if we go into a bear market and there's a cup and handle that we're forming i think we might visit that 61.8 but i doubt it uh today is probably


a good day for buying gold uh if you look at the silver chart we're still way above the 50-day the 200-day and the 250 day silver is so highly volatile that none of these moving averages encapsulated the uh the big crash in march um and you see the trading range highlighted in the green uh box that i made and there's the fibonaccis there is other than the 250-day moving average but that doesn't seem to have too much to do with silver's price uh that's near the 50 and the 200-day moving average is right


on the 38.2 retracement but what this shows me is that i'm a a big buyer of silver at 24. if if we reach down to 24 i'm going to be buying um if we breach the uh 23-22 dollar area then the real major support is at about 19 so but but there's also something called round number support people just like round numbers so i'm a buyer down uh at like uh 2050 and below uh i would be backing up the truck buying with both both hands i'm not a fan of theft in any form but it's time to beg beg


borrow or steal if you see nineteen dollars you know sub twenty dollar silver again would be like the gift from god and so um uh i would be just backing up the truck and uh emptying uh all of my uh cash position and possibly some other positions at that point and i am going to be uh making some purchases here because i'm going to lighten up on some other positions but these are just some you know just this is just technical analysis but i do think that the um reddit wall street bets crowd they're uh they're looking


for quick gains and they may have played into the hands of the big money the big bullion banks and stuff trying to do this squeeze and they were almost successful at it they came within they they 87 percent at one point of the silver in the london vaults uh was in uh the exchange-traded funds the etfs that they had uh and so they they only had 13 to go if they had been able to clean that out something would have broken we would have had 50 silver if they had taken all of the silver that they purchased in


physical form not in a derivative form and all of these things gld the commodities exchanges futures options they're all derivatives they're not gold and silver if they had done that we would have we would be seeing fifty dollar silver today uh but they didn't uh and so um we've we have seen a divergence between the physical price and the spot price that is quoted which is what the etfs uh trade at uh that spread that premium has exploded during the shortage of physical that is is out


there and uh and so anyway um uh that's the story i do think that there's the potential uh i know that again that people hate this when i say it i'm sort of comfortable with my position i've accumulated quite a bit over the past 19 years um and uh so uh with all of that uh if it goes up from here i don't have to make any more purchases uh if it goes down i'm going to back up the truck and load up but right now i'm going to continue i've got some accumulation i will be making


uh some more purchases uh just because i want some different forms of silver and but i think there could be a giant opportunity coming up and i think the wall street bets crowd unless they can get a whole bunch more buyers right now uh they might be uh playing into the you know one of the things about all of the the big uh trading houses and the hedge funds and everything else they've got level two uh trading platforms when you've got like a bloomberg and stuff you can see all of the buys and sells


and and the limits and stop orders and everything else that's out there you can see those and you can run the stops uh you can you can see that and and people tend to do herding patterns and so they'll have stops at round numbers they'll have uh stops at uh you know cell stops at at uh fibonaccis when you see clusters of stops all they have to do is add a bunch of shorts push the paper price down and if it hits hits that stop there's a cascade that happens a whole bunch of stops get triggered a whole


bunch of sell orders happen and then it hits the next one and those blow and it's like fuses blowing and the price goes down and but you got to use that when it's going down uh it this is the reason that i don't um i i caution people that i don't have level two trading platforms on using margin and options and everything else a few people are successful with this stuff but not many the professionals see all this stuff they manipulate the market with it and uh there was one period it was many many


years ago i think it was back in to maybe it was during 2008 that you could see where this game was run on everybody where uh the uh big trading houses uh just hit piled on enough shirts to trigger this cascading uh grouping of stops and cause a huge plunge and then they go along after selling short they cover their shorts and they go along and they scoop it up on both ends uh and the best thing to do is to sort of see is there a setup that could that where this could happen again and i believe right now there is and all


you want to do is try and be on the same side that the you know if the big boys are if it looks like the big boys are going to win again and to me uh the big push when silver hit 30 bucks back at the end of last month when that failed this changed from the wall street bets crowd being in control to you know when the volume of buys started to become exhausted uh then and the volume of cells started to exceed the volume of buys like we saw in that one week where there was ounces that outflowed at


that point the big boys are in control once again and i do think that some of these reddit wall street beats uh bets crowd will uh probably start selling eventually especially if they're leveraged and if they bought on margin or if they've got options and they've got to cover and so we may see this plunge back to like that 38.2 retracement possibly back to those lows at 22 bucks um which is where the uh 250 day is rising toward and so uh that's it any comments here at the end jeff i'm sorry i talked so much


i dominated the conversation well this has been this has been great mike these are very insightful charts so thank you for putting these all together and uh i have to say i have to recap what you said mike maloney will back up the truck on silver and spend all his cash on silver if it falls to that nineteen twenty dollar area so that's not advice cash and sell some other positions too to take advantage of this and another thing that we may cover sometime in the future which is more your specialty


is uh the mining stocks if you look at gdx gdxj hui these things compared to the price of what what gold is doing and what silver is doing the stocks typically lead the direction that things are going to go and so that added to things like we just covered uh can give you a good clue and uh the uh the stocks is more your area than mine so um yeah we'll talk about that one of my favorite subjects uh the bottom line is gold stocks uh rise more than gold and they fall more than gold so the timing can be important there but


mike this has been great and just to let everyone know mike will be making some moves here uh fairly soon and we will inform insiders when he does that so uh mike we'll close this video out with a meme of the day that you can read but uh just a reminder to everyone if you have not read mike's book you can do that for free it's still applicable today so you can download at the links below this video so mike give us uh the meme of the day as we end our video okay uh this is the big boys that


are doing the manipulation nothing to see here folks move along thanks jeff it's been great it's been great mike thanks and we'll see you tomorrow okay