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Hello everyone, welcome to Bald Guy Money. And we start this video off talking about how gold and silver continue to outperform other major assets as we move forward in what is arguably a once-ina-lifetime market transformation. Now, gold and silver were up more than 3% and 4% respectively this past week. But what I think is most notable is that despite new highs on the major stock market indexes and a new high from Bitcoin, gold and silver not only maintained a 55% share of the top 10 asset list, meaning both metals are

more valuable than all of these other things on the list combined, but they actually grew their share from 55.1% to 55.3%, which tells us that on On a net basis, gold and silver are still attracting as much if not more money than AI and AI related stocks. Meaning, apart from an AI revolution, which we are arguably undergoing right now, we are truly undergoing a monetary revolution led by gold and silver. Now, this is of course something I have been talking about for the last couple weeks here on YouTube,

and I think I've made it very clear to everyone at what stage of this gold and silver bull market we are in. but to add some additional facts and data points to give you confidence that this is not an echo chamber and that the best analysts are seeing exactly what I'm seeing. I invited my friend Jordan from the Daily Gold YouTube channel who I think is one of the best analysts out there to come on this channel and present his amazing set of data to present the following. Starting with how early we are in this

gold and silver bull market. We discuss if Jordan agrees with my point of view and what data points he's looking at to support his case and they are slightly different from mine. We also discussed his price targets for gold and silver, his outlook on mining stocks, the gold to silver ratio, what comes after $50 silver, and if $100 silver is a realistic price point we should be talking about. And we discuss much much more in this video. So, please make sure to watch to the very end because you

will not be disappointed. Now, just before we dive in, please remember to check out and support summitals.com as they really help make this content possible. And right now, they have great prices on random year gold American Eagles as well as silver Morgan dollars and secondary market silver 1 coins. And while you're there, don't forget that new customers get 5 ounces of silver at spot when you use code new customer at checkout. Details are in the video description below and thank you to

everyone out there who is buying from Summit Metals. I appreciate you all. Now, let's get to the video. So, Jordan, thank you very much for taking the time to join me today and uh welcome to Baldy Money. >> Well, thank you so much for having me on. I really appreciate you and the work you do and uh it's an honor and a pleasure to be with you. >> Well, you know what? Let's get right into it because I know a lot of my viewers are going to be really curious about what we have to discuss in this

one. And I want to start out with something that my viewers really liked recently. Uh I did a video saying that we were somewhere between 2003 and 2006 when it comes to this current bull market in precious metals. And I've heard you on your channel compare this bull market to what we experienced in the late60s and 1970s. Now, despite maybe a a slight difference in that point of view, I think that it shows we agree that we're still very early in this gold and silver bull market. And um I guess I'd like to know is that a

correct assumption? And if so, what is the main signal or signals that you're looking at that are telling you that we're still early in this precious metals bull market? >> Okay. Well, there's quite a bit to comment on. I'll do my best. The signals that tell us we're we are still early in the bull market are there's a couple things. Gold a year ago, March of 2024, of course, broke out of the super bullish 13-year cup and handle pattern. And listeners and viewers need to

understand when a market, a major market, which gold is breaks out of a really long pattern like that, it typically has a significant run after the fact. I mean these types of moves in equity markets actually lead to I mean multi-deade you know 18 20 year type of moves. I mean the S&P for example broke out of a 13-year base in 2013. It's still been in a secular bull. It still is uh s or the uh yeah the Dow in 1982 is a very famous breakout. Broke out of a 16-year pattern you know exploded over

the next 5 years and even uh with the 87 crash and still kept running after that. So these types of move. Now with respect to gold, gold's a different market. It's more emotional and typically uh it it doesn't you know when it starts to go parabolic, you know, you're at the end. So I don't think this bull is going to last 18 or 20 years. But the fact that we're only a year removed from that is one indicator. Secondly, if you look at gold against the 6040 portfolio, uh, and that's just something I the

60/40 portfolio is this is the conventional investment portfolio that you know portfolio managers and various uh retail advisors typically use. So you you put your money in 60% stocks, 40% bonds and you know you'll do well over time. I mean that that's been you know true for most of history. So it it's really famous. Um and and and gold itself, you know, go gold gold does it performs well when the conventional investments are not doing well. And so for gold to do really well, you need

money to be coming out of conventional investments and going into gold. And so the beauty of looking at these ratio charts is you can see that and identify a signal. And so gold against the 60/40 portfolio that broke out of a 10-year long base earlier this year in March. Now, that was powered by gold breaking out against the stock market. It broke out of a 4-year long base, and the stock market is 60% of that gold against the 60/40. And that breakout signal, okay, we're going to start to see more money

from conventional investments, stocks specifically, come into gold. And so, again, that was a breakout of a 10-year base. And if you look at historically, you go going, we've only had a couple of these other major breakouts. I mean, they weren't out of 10-year bases, but they were a little different. you had uh I believe it was at the end of 1971 early 1972 that's when gold broke out of the 6040 at that point and so the after that breakout the bull market lasted another eight years now the same thing

happened in 1930 obviously a completely different market you know we we were on the gold standard then they raised the gold price but you had that and then gold mining stocks they rose until 1937 so they basically had a 7-year run so you look at those factors uh and and there's other factors too. If you look at the um if you look at there's these charts on Twitter done by Callum Thomas which are great. You look at the assets and gold ETFs compared to the assets in everything and like that figure is now

about 2%. Now the secular peak in 2011 that was back at 8%. So we're only at we're only at 2%. That's another there's other things you could look at. I mean you can look at gold against the monetary base. Um, if you look at uh where that peaked uh in 1934, 1942, and of course 1980, that peaked at over 100% of the monetary base. What does that mean? How is that calculated? Well, that takes all the gold we have in Fort Knox, you know, allegedly, because people will dispute that. But if you take that gold,

you multiply it by the gold price, and then you divide it by the entire monetary base, what's the value? What's the percentage? So at the at the peaks of 34 and 42 in 1980 that actually we the gold price was high enough at those points to actually do a full 100% backing uh of the entire monetary base. Now right now for us to get to 100% of that it's about 22,000 somewhere in there. Uh and so of course you know gold is you know we're just below 4,000 at this point. So um and in in addition to

that the other thing I'll mention um bull markets and hard assets gold hard assets commodities you know typically you have typically they begin after an end to the secular bull market in US stocks the S&P 500. Now there is some overlap we are seeing some overlap now which is very similar to the 60s. But if you think about it like this, okay, when did the secular bull and US stocks end? In the 60s and 70s. That was at the end of 1968. So you had another 11 plus years after the secular bull and

stocks ended uh for hard assets to perform in a in their own secular bull. You go back to the 2000s. It the secular bull ended uh in in 2000 for the US stock market. Uh and when did um when did the secular bull end? the following in commodities in 2011. So that was another 11 years after the fact. Now we haven't the bull market in US stocks has not even ended yet. I mean I think it it will end at some point in the next few years but and this may apply more to the other commodities than gold and silver

because they're entire they're they're monetary and so that's different and at some point in the 2030s maybe we could end up going back uh onto the gold standard. But if if you're thinking about other commodities and how long the secular bull could run in hard assets, you know, X precious metals and you you look at those factors that I just stated, okay, well, what what if the uh what if the secular bull and US stocks, like let's just say it ends in 2027. Well, if you project that forward,

that's all the way into the late 2030s. And another thing on top of that, I'm not a big cycles guy because they're they're way too uh subjective. I don't think they're they're predictive, but if you look at like really long-term cycles, if you look at commodity prices in inflation, there's typically a peak every 30 years and a major peak every 60 years. So, if you go back, for example, civil war, that was a major peak. 1920 was a major peak, you know, after that or was it before the pandemic? I can't

remember, but 1920, that was a major peak in commodity prices. 1980 was a major peak. In between that 1951 was a major peak 2011 was a major peak. So when's 30 years after that brings you to around 2040 and I mentioned every 60 years you have a real significant major inflationary peak. So that lines up for 2040. Now again I'm not saying that gold and silver you know they're going to keep running for another 15 years because you know they're different. They're they're more far more so

monetary than the other commodities. Uh but that gives you an idea of just the inflationary cycle that we're in, how long it could really run. And we're still really in the early phase because we haven't even gotten into the phase when uh the inflation it starts to really hit the economy, it hits corporations, it hits corporate profits, you know, costs are going up, their corporate margins. That hasn't even happened yet. So, we are still really early in the cycle. I I you know I I

know I'm droning on here but there as you can see like there is just a mountain of evidence there fundamental technical you know looking at all these ratios that pretty much confirms we're still really really early in this bull market. So anybody who's saying otherwise I'm sorry that's just quackery in my opinion. >> Yeah. You know, I've also been saying that there are multiple factors. And you know, when you pile all these factors up, it simply strengthens the case to

say yes, despite the fact that we've seen major rises in both metals prices today. We almost closed silver above $48 an ounce. And we'll come back to silver in a moment, but it is incredible the mounting evidence. And another one that we'll talk about later that I've really been looking at is also the gold to silver ratio, which is still quite high, which has historically been an indication that the metals bull market will still be running forward. Now, I do want to come back to that 1970s

uh example because the metals run that we saw in the '7s peaked in 1980 followed by a huge correction. Now, considering the fact that gold is arguably making a comeback as a foundation of the global monetary system, as you alluded to a moment ago, do you think that it's going to be different this time in that we're not going to see the same type of crash that we saw after 1980 or even what we saw after 2011? And do you think it will be different for silver as well? Yeah, those are great questions. And,

you know, I would say they're they're probably above my I like to say they're above my pay grade and expertise. And I and I say that, you know, not because I'm trying to, you know, let you know that I'm humble, but just because it's something, you know, I'm giving my opinion and my thoughts, but they they're not really coming from a place of expertise. So, it's important that people know that. But yes, it's really interesting because the, you know, the last the last major one in the 70s

that was we're moving to paper money. Now, we're doing the opposite. So I I do think with gold at some point yes it could rise to a certain level and you know m maybe the yeah the price could stay there. I mean typically you typically when you have a major peak and it turns into a mania and a bubble you'll get like an 80% decline after that and and I think silver did more than that. Um but I I do think you know if gold peaks at I mentioned 20,000 before but does it peak at 30,000 or

50,000? Maybe it peaks at 50,000, but it settles at, you know, 30,000 or something like that. So, I mean, it's really hard for me to see. Imagine gold's going to make this move like this and then it's just going to stay at that point. I mean, I I think it my guess would be it it makes a move like that at the end. You're still going to have a correction and it'll probably stabilize, you know, depending on if we're back on the gold standard, but I I don't think you would see like a 70% decline, maybe

only 30%. Now silver that silver is its own animal because it has the you know it has the monetary side and the industrial side and you know I I really don't know but what I will say about silver is if you look at and I know we're going to get to the gold silver ratio but if you look at you know and in my book I'm looking at these charts that go back 150 years you know you're looking at where are these major peaks where are these secular peaks uh and so the secular peak in precious metals where

was the gold silver ratio it basically bottomed around 1516. So people hear that but they need to understand that can still be a that can still be a ways off. I mean and and this is you know another point I can make with respect to your last question. The gold and silver ratio is what like around 80 and and I just told you historic I mean it's going to bottom around you know 20 or less than that. So what what does that tell you? I mean that that's like a another a great uh great piece of evidence to my

answer for the first question. But what I'm getting at is so if if if you think about the number I mentioned 20,000 gold 22,000 to back the monetary base and the the historical bottoms of the gold silver ratio been around 1516. I mean that that tells you silver could go above a thousand and again what happens if gold goes to 30 or 50,000 you know that tells you silver could go to a couple thousand dollars at that point. So even if silver goes to 2,00 you know if silver goes to 2500 and it you know crashes 50% the next year I

mean it's still going to be at levels that is so far ahead just right now we are just we are at fractions of where these metals can ultimately go over the next 10 years but yeah silver I to directly answer the question you asked I would have to defer to other people because I I can't even formulate you know an intelligent opinion on that I don't So um you know we we would we wouldn't go back. I mean we yes we we could have gold reintroduced into the monetary system. It will have to happen.

Uh but silver I don't you know I don't think it would be reintroduced because it has the industrial side. Um so yeah I mean it might it might act similar to what happened in 1980. Although I don't think it depending on where it goes I don't think it will crash as significantly as it did then. Yeah, I agree with you. And it's funny you mentioned 2040 because that coincides with something that I've been saying on my channel as well in that I do see this metals bull market making a

strong move into the late 2020s maybe taking a rest for a little bit. But, you know, the one date that I've really been talking about a lot on the channel is 2033. Now, this might happen before 2033, but 2033 is the year that the Congressional Budget Office in the United States is basically saying, "Hey, the Social Security Trust is going to run out of money, at which point we're going to have to cut benefits for uh benefit recipients." Now, I can't imagine a situation in which the United

States actually cuts these benefits for benefit recipients considering how many people at that age group are voters and can impact who gets into office. And what I've been saying is I believe that's going to be a massive inflationary moment where and you know this is maybe the last throws of the of the US dollar when they start borrowing in order to fill the gap or simply you know having the Federal Reserve borrow that money which in is in essence you know debt monetization money printing

right and I think that could really be the catalyst for that major move up as you mentioned into 2040 where we might hit new levels beyond what we're going to hit in this current uh market. But, you know, moving on because, you know, when I think of you, Jordan, I really think of mining stocks and you're really a great mining stock expert and I really have a lot of respect for you with respect to the work that you do on the mining stocks. Now, I wanted to ask you with respect to this cycle, do you think

that it is going to be potentially different for the mining stocks or is there a room or is there room for a long-term run versus what we've seen in past cycles? If so, I'd like to ask you because a lot of my viewers are very skeptical of the financial system and you know, they've read books like The Great Taking and they're not interested so much in owning the mining stocks, but you know, some of them are starting to open their minds up to taking smaller risks to kind of boost their portfolio

performance. I'd like to ask you what you think would be a prudent allocation to the mining stocks considering where we're at in the cycle. Um, you know, it could be as a percentage of your portfolio, maybe as a percentage of the physical precious metals you're holding. I'd just like to know what your thoughts are on that. >> Well, I I'm not a portfolio manager or an investment adviser, so I have to put that up front. I I will say that if we're talking about uh precious metals as a whole, I I I I

don't know where it came from, but it was a mainstream person who said this because decades ago, they would tell you, oh, you should have 5% of go, you know, your portfolio should be 5% gold or 10%. But this mainstream guy said, you know, that doesn't really do it. That doesn't help your portfolio. So I think he said it was 20% or 22% based on studies like you needed to have that much gold in your portfolio. Um you know to for it to really positively uh have an impact you know if the other

stuff is not doing well. Um but for me to to again to directly answer your question I think it depends on a person's education and how well they know the sector. Um it and it's it's you know it's difficult for me. I mean, I can be self- serving because I sell a newsletter and say, "Oh, well, you should have 50, you know, put 50% of your money in these minors and, you know, 20, you know, you could put 25% of these juniors." And then people just, they don't even know what they're owning

and they don't understand the history. And so, I I I would say for people who want to get more into the mining stocks and juniors, you start educating yourself. I I would read books, you know, you could read my book. I mean, I have a couple, it's not the most comprehensive guide. There's some out there, but you know, I have a couple chapters on you the history of gold stocks, you know, how they perform, you know, why I invest in juniors and those types of things that you need to understand. Like, for example,

gold stocks and mining stocks, they had an incredible run from 1960 to 1980, but in that time, they had at least two, I don't know if it was three, I think it was at least two two points where they had 60 60 to 65% declines. So I I can tell you that in this secular bull market at some point we're going to have a 65% decline in the mining stocks. You know I don't think it's one or two years away but you know it it they have to go up a lot more first but you know this could be four or five years away type of

thing. So, and I always mention that because yes, we are in a a real golden age, pun intended, and these are going to be spectacular bull markets and a lot of money is going to be made. But at the same time, most people are not going to keep all that money. And a lot of people, they could lose that money because you look at that performance and it looks great. Oh, this is a 20 bagger. This was a 50 bagger. But, you know, Rick Rule always says like every 10 most 10 baggers I've had, they've had

a 50% decline at some point. So, >> I just I think that people really need to educate themselves. So, you know, get my book, get get a couple other books and if you want to. So the al the aloc your allocation to mining stocks really should be dependent on your knowledge of that investment because if you're you know you're going to go 50% or 70% of your portfolio in mining stocks and you have really low knowledge and you're just relying on a single newsletter myself included, you know, that's that's really risky.

You know the it's I got to say it again that that's really risky. you know, you you have to get educated on this sector. And again, understand it's a two-way street. A lot of money is going to be made. It's a record bull market, but at the same time, there's the bare markets are ri they cut you up. You can lose all your gains and all your money. And this is a even now like this, you know, even now we've had huge runs. We could rest for six or nine months in this sector. I

know that nobody wants to hear that, but we could rest for 6 or 9 months, you know, before another spectacular leg higher. >> Yeah. And you want to know what though? I think my viewers really come here because they appreciate honesty. And I have to say I really appreciate your honesty on that, Jordan. And I am going to link up your your book in um in the comments section below. And you know what? I'll also link up Don Durant's book because I think he's another good guy that uh that you should read. Before

we go to the next question, I just want to ask you one thing on the mining companies before we move on and that is okay own hold trim. Now, we're getting pretty close to third quarter third quarter earnings announcements, and I'm assuming considering considering where the average prices of these precious metals are compared to where they were in the previous quarter, that the earnings season is going to be blowout and make even the second and first quarters look Mickey Mouse to be honest. Would you be trimming before we

see these third quarter earnings results or would you hold and and potentially then trim if we see very positive earnings? Yeah, I would be trimming uh before. I mean, I I I think there's real risk that, you know, we're c and and again, I've been wrong about this the last couple weeks, but we're we're coming into an intermediate term peak and the fact that silver is getting really close to 50, that's another signal. But yeah, the reason is because markets discount, markets look forward, and you mentioned

it. They're going to be reporting all these great numbers, but everybody already knows that. That's part of the reason these stocks have been moving like that. So yeah, I I would I would do it before the earnings. I mean, there might be a few cases here and there. Again, this is where, you know, you can't treat all companies the same, but there might be a few cases of a few individual companies where they have really good earnings, but then something else happened which is really great or

they made a discovery or, you know, this is happening, you know, and maybe those stocks are, you know, under maybe that company is undervalued versus the other ones that are a little rich. So, you know, you don't always want to paint all the companies with a broad brush. Uh, that's another thing that that people need to understand with their if they have a diversified portfolio. You know, every company can be its own animal. But yes, that that aside, I would be trimming before the earnings results

generally. And again, we've had a fantastic move, but it's it's perfectly reasonable and it's happened before. It will happen again. We can rest for six or nine months. I'm not, you know, I'm not not saying I would sell everything um or even even sell half or even sell a third, but you have to mentally prepare yourself. All right, we've had really good moves. You know, the technical indicators I'm looking at, they're all at extremes and um that's what's coming. So, I say buy,

hold, and trim. This is really a time to trim. Now, if I'm right and we see uh prices s, you know, soften and come down over the next few months, that's going to be a time to buy again. Yeah, and you know it's a couple videos ago I was mentioning also trimming around 10% as we approached 50 on silver and that's exactly what I want to ask you about now because we just saw silver hit $48 an ounce yesterday for the first time in a long long time and it immediately sold off and I assume

that these were probably you know computers uh triggering selloffs and then uh stop losses were triggered and and and moving moving the price down more than $2 off of that $48 price. Now, a lot of people are split when it comes to what's going to happen for silver next. I'm seeing people like Peter Schiff saying silver is just going to blow through $50 an ounce. people like me a bit more conservative saying, "Hey, you know, if I'm thinking and I'm seeing, you know, there are a lot of

sell positions in and around this $50 level, you know, I I assume there are a bunch of finance bros around the world and small hedge fund managers who are probably positioned the same way, saying, you know what, technically, this is a big level from 1980, from 2011. Time to take a little bit of profit there." And what I want to ask you is, do you see it like I do where you expect to see a little bit of resistance at $50 or are you more in Peter Schiff's camp where you think it'll be a small speed

bump before we just blow past it and move uh move to new highs? >> I'm I'm definitely in your camp. Although I could I would say if we're backing out and looking at like a 100redyear or 50 or even a 20-year chart, it might look like a small speed bump. But I definitely agree with you. And one thing I'd like to add to carry over from the last answer, I look at physical metals as a as a different beast. Like if you're accumulating, you're physically, you have your stack,

you're buying every month, which is what I like to do, buy a little bit every month and hold. I I don't trim that. So if you're a physical investor in silver, the trimming only applies to the mining stocks or, you know, if you have options and those types of trade, the physical, no, don't trim that. That's that's only buy and hold. Buy, hold, and build your stack. Uh, so I wanted to make that clear. But yeah, I no I I agree with you. I I I would be really really surprised if we saw silver blow through

this thing right now. I I I tend to think or blow through 50, I should say. I I tend to think it's it's going to correct somewhere in that 6 to9 month time frame or it could be a little less. You know, it might only be four or five months. You know, I do I do put out these analog charts and silver has been following, you know, since the the breakout in gold last year. uh comparing it to the breakout of gold in 1972. Silver has been following uh its move uh during that 72 to73 period like fair not perfectly but it's

reasonably closely that it's following that move on the same scale and so based on the current scale what did silver do in 1973? It got up to resistance basically did a mini cup and handle pattern for about four to five months and then just the roof took off. So, uh, it's definitely going to blow through 50 at some point. Um, but, uh, you know, we'll see. I I I don't think it's going to keep moving. Uh, and and I think we we've kind of seen the stocks, they've started to soften this week, so they're

they're not they're not acting as if silver's about to blow through 50. Again, I could be wrong, and I have been wrong over the last couple weeks as the sectors continue to move higher than I expected. Uh, but I mean, I I that's just my guess. I think we're going to see a pullback for several months and and it's going to be super bullish and you know silver is really going to take the roof off, you know, at some point probably, you know, could be early next year. >> Yeah. Yeah, and I just want to remind

all my viewers and I'll put some images of this on the screen because, you know, $35 was also a pretty big technical level for silver and we we touched that $35 level, you know, right around it, just below it uh back in October 2024 after which we pulled back and I've shown you all this before where we pulled back about 19%. You know, that pullback down to the 28 and change level was not a viable pullback. it was, you know, it stayed down there for just a few minutes. But something like that, I

think, is a healthy cleanse. And if that happens, it doesn't mean if we bounce off of 50 and come back that we're not going above 50 eventually. I It's just as you say, Jordan, you know, that that is a bullish actual, you know, that's a bullish move for it to pull back, consolidate, get the sellers out of the market, bring the buyers back in on the pullback to make that thrust through 50. Now, my next question is once we make that thrust through $50, I'd like to ask you where your upside targets are on

silver and what do you think happens to the silver miners as uh as we as we move up? Do you think that some of these silver miners still have uh the possibility to to double and triple as they have over the last year? >> Absolutely. Yeah. to answer that last question because Rick Rule said this to me, it will be stupid. Yeah. Um and that, you know, it was like a dead pan. That was basically his answer when I asked him about that. But yeah, my serious technical analysis is if you look at what happened to copper and oil

in 2004 2005, copper I believe broke out of like a 30-year long base and it just shot up and exploded. I don't the figures are in my book, the percentages that they moved. Same thing with oil. Oil traded. It never broke 40. It peaked at 40 multiple times, you know, in the 70s, 1980, 2004, 2005. It goes through 40 and it what happens? It ends up four years later peaking at like 155. I mean copper I I I think the resistance was somewhere maybe was a dollar dollar and a half and that um eventually

again I you know I don't have the the the numbers but I think it tripled pretty quickly after that breakout move and I mean pretty quickly like within a year or two and on top of that something I just noticed recently if you look at silver in 1967 when it aside from the civil war peak in 1967 it started to move and broke its 1920 high and it basically doubled I think in like a year. If you look at the same thing in 1973, the middle of 73, I I mentioned this before where it did that cup and handle. I think it was

around $3 when it it shot up and eventually I think it hit uh what was it six um $620 or something like that. That was what I think that was like six or seven months. I'm just guessing. So you already have two examples here of when silver basically broke to a new all-time high. it made a really significant move. So I I So I mean what I've been saying is we should expect after it breaks 50, you're probably going to see 100 in 12 to 18 months after that move. Now if you if you do a measured move from silver's

bottom, which is, you know, three or four bucks and the peak, which is 50, uh that takes you to 96. So you do have a measured upside target there, very close to 100. But that's just that's the reality of what we're going into now. the the stocks. I mean, every every every company is different. And again, this this gets back to education. You know, really un I talk about this in my book. Again, I only have one chapter on this, but I talk about the smart money in mining. They're looking for certain

things and they buy certain stocks and that's important to understand. And I'm not saying you can't you can't make money on the other companies, but just understand exactly what you own, what these companies have, and that will help you uh do a better job of making money along the way. And you know, you got to trim at some point. So, this move through 50, it's going to be explosive. I mean, pretty much every silver stock is going to run significantly. Uh but some of the larger, higher quality ones,

money is probably going to go into those before silver breaks 50. So that'll kind of be a signal or a tell uh as to when we're getting closer to that point because the same thing happened I think it was 2010 when silver it was 20 $2022 resistance. That was really really significant and money was going into the bigger silver companies like a month or two before silver eventually broke that level. And I would say you mentioned 35. I would throw in 37. That was really significant resistance for silver. You

know, the fact that we broke that it was at that point $41 was really the only barrier up to, you know, up to 50. And so we we saw when silver got up and before it was going to break 3537, the high quality stocks um you know, they they were outperforming. They were already moving higher. So um yeah I mean the per I mean yes generally speaking all these stocks are going to perform really really well. Some will do better than others. Uh but you know I would say people need to get they need to get

knowledge on these companies understand what they're trying to do and at the same time when it happens you know don't be afraid to you know cash in and and trim. I'm not saying you got to sell half, but you know, here and there you can sell a quarter, 1/5, maybe one/3. Uh because a lot of these companies are not viable. I mean, there's a there's a few bigger companies and they're fine, but even in the junior space, there's just not there's not very many highquality

companies. So, what we could see, it could be really nuts. Like, it could be it could be kind of something similar to crypto where we're seeing money going into all these worthless coins. I mean, I looked it up yesterday. You know, Fartcoin, its market cap went above 1 billion. That was the peak market cap. What what what does that tell you is going to happen to all these junior mining stocks? You know, money is going to be flowing into these worthless junior companies that just, you know, they're calling themselves like, you

know, silver mines incorporated when they're really just have moose pasture. So, again, this gets back to people have to really understand what they own. And so there is, you know, going into the silver juniors, and I do own some of them, there there is a highly speculative element to that. So a lot of these a lot of these companies, they're not necessarily going to pan out over the next five or 10 years. Yeah, I agree with you. And you know, I own some of the juniors, but the juniors that I own

are producing juniors. Now, I I have one question on gold, but I'm going to skip it. I'm going to come back to it in a minute because, you know, we really got in on this mining topic. But, you know, again, I I really trust your expertise on on these mining stocks because I know you've done a lot of research behind many of them. And I'd like to ask you what your opinion is on a lot of these mining stocks that are advertised on YouTube channels, often exploration companies. You know, for people out

there who haven't done the research and see mining stocks just pumping to the upside, what do you have to tell them about these companies? Well, I would say you have to be very careful and when it comes to marketing and promotion, you immediately your default starting position is BS. Okay? And now with respect to those, you know, those ads, it doesn't mean all those companies are are bad companies or they're evil because there there can be, you know, smaller amounts of them where it's actually, you know, legit. It's

more legit promotion and it's a legit company. And these companies do have to spend money on marketing or advertising. But again with everything just start from the immediate point. This is all The second thing I would say is you really have to get again you got to get educated on these companies. You know 10 years ago or even 5 years ago or 20 years ago when I started investing in these, you know, I I didn't know what a mine or what a mill was. I mean I barely could spell those. You know, I was just

buy I was just buying the companies that were growing production. And I thought that was a good strategy. I mean, which which it was, but I did I knew very little beyond that. Um, so you have to get because people who are they don't have the knowledge and the education like they don't understand what's happening to these companies, what they're trying to do. You know, they need to get the stock price up so they could spend more money or the project that they're talking about. You know,

they if you're not knowledgeable, you don't have expertise, you don't understand what the flaws are with the project. So, a lot of these projects have fatal flaws and they're never going to be mines. But, you know, people, you know, finance people can see metals prices going up. Oh, we're going to we're going to acquire this project. We're going to dress it up and, you know, we'll promote, oh, we're going to build a mine here and this is we have 100 million ounces of silver. And look,

the stock can go up and people can make money on it. But ultimately, most people are going to lose money on that. And so, that's an example of the third thing. You got to use your common sense. You know, when when you see these marketing promotions and the stock looks like that, okay, it's already gone up like that, a rhino horn, the insiders, you know, the insiders, the other people, the newsletters, they're selling their positions into that, okay? Just use your common sense. Even if you love the

company and it's your favorite company and the chart looks like that, that's not a buy. That's a hold or a trim. Okay? So, you again, you have to really get educated. You have to, you know, understand uh the details about these companies, you know, and the history of these projects. And, you know, I'll toot my own horn. Yeah. I answer subscriber emails. You they can just, hey, what what do you think about this? Is there a problem with this X company? What do you think about this? And I'll just mention,

yes, there was a problem here. You know, this is the risk on this one. And so th these types of little details on on all these stocks, like they don't get talked about. So you you have to uh you have to get the knowledge from you know people like me or other people who really know these projects and also understand how the industry works. So all promotion is not bad. I mean for me it always comes down to the project. That's like the first the pro you know what's their plan? What's the project? Is it high

quality? Does it have a chance? Is it going to be big enough? Um, and also I focus more on um, producers, companies that are building mines or developers are really close to building a mine. They're growing production because that I mean there's there's two ways stocks do really well aside from promotion. I'm just talking about fundamentally wise. You know, this is legit. When you're building a mine and growing production, that's the first thing. That's when you get a major rerating. The second thing

is if it's an exploration company or you know exploration company or developer and they basically make a big discovery and you know they're proving up that discovery then it's kind of like a it's like a wave like you're you know riding a wave like a surfer. Now the former thing growing that's more predictable. So I I tend to focus on those types of companies where there's there's less promotion. Um, so that that's another thing I would tell people who don't have

a lot of expertise, steer more to to the companies that are growing production and building mines because that's when you get the biggest rerating. You know, the the smaller exploration stocks. I mean, those are that's most of those are just gambling. Yes, we will see silver stocks and gold stocks that can move from five or 10 cents that go go to 50 cents or a dollar that are totally worthless. But you you have to understand that like there's no real value behind these companies. >> Yeah. And the worst thing that anybody

watching this video could do is actually lose money on mining stocks in this bull market. And you know, just before we got on, I was checking a few of the stocks that I like to check. One of them was Arizona Metals and you know, down 55% over the last year in a massive metal and mining bull market. So you know, you have to be careful. Now, to finish this video off, Jordan, I'd like to ask you, you know, for some parting words for people who are just starting in precious metals and just starting in the mining

stocks, apart from, you know, getting educated, reading your book, do you have any other words of advice that you might give these people who are, you know, again, just starting their journeys? >> Yeah, I I would I would just say, as you said, I would reiterate that because it's so important. I would say get educated. Um, in terms of your education, spend more of your time on educating yourself on the companies. If you're going to invest in the minors and juniors, the problem is most people who

are invested in this stuff, and maybe they have some knowledge, but they're not experts. They waste too much time listening to macro doom porn on YouTube. I mean, some of it some of it's viable, but a lot of it is just doom porn. And that's not going to help you make money. And they they spend too much time listening to that and not analyzing and assessing these companies. I mean, Rick Rule talks about it how, you know, people don't like they don't know what they own. They you know, a lot of people

own too many stocks. They hold on to them forever. So get educated, you know, read books, watch the best channels, spend a lot of time learning about these companies. Uh because you can become an expert yourself on these companies. Um in addition to that, yeah, I would say get my book, you know, get Don's book. There's there's other great books out there. Spend a little time or not don't spend a little spend a lot of time educating yourself. And look, we are in a record what will be a record bull

market for gold and silver. It's going to be really nuts what we've seen over the last couple months. It's just a sample. Okay, a lot of money is going to be made in this, but I always like to talk about the other side. You need to have a plan. Everybody is different. Use physical for financial insurance. Use the stocks for investing and speculation. But if you read my book, you understand after every m great mining bull market, there's a 65% decline somewhere in there. The 70 to 80 spectacular moves in

gold and silver in the stocks. But 75 or 74 to 75 75 to 76, excuse me, the stocks went down 60 to 65%. Okay, the same 2001 to 2011. 2008, the stocks went down 70%. I mean, we've we've you've the same thing even happened a couple years ago before gold broke out of the cup and handle pattern. A lot of these juniors that have just started to move in the last three or six months, those stocks were down 70 80%. So, you need to really understand how this market works. Get educated and look at

the other side. It's going to be a record bull market. People are going to make tons of money, but develop your own plan. figure out, you know, what you should own, when you're going to buy, when you're going to hold, when you're going to trim and take some profits. I mean, everybody has a different tax situation. So, that impacts, you know, your holding and trimming. So, these, and again, you need to understand we're in a record bull market, but it's not permanent. You do have to take profits

at some point. You have to understand that these stocks are really volatile, and if you don't know what you're doing, you're not going to fully capitalize on it. And for my viewers, you know, I just want to make sure to encourage everybody to be subscribed to the Daily Gold, which is Jordan's channel, and as well, of course, this channel as well, because I think Jordan and I are, you know, voices in the community that will be talking about when the time will come to to to trim more off of those mining

stocks and secure your profits. And again, you know, I'm like you, Jordan. uh my my physical metal stack is my physical metal stack, but I am looking to tangibly benefit from owning these mining stocks. And so far so far so good, I'd say. Jordan, I want to thank you so much for coming on the channel, giving your time, not only to me, but also to my community. Uh thank you so much once again, and I hope we can do it again sometime. >> My pleasure. Thank you so much for having me. I really enjoyed it and yeah,

love to be back anytime. Cheers.