gold news

 when the squeeze comes and it appears to be happening right now this is going to be explosive when they're buying back these shorts it is upward pressure on price the price has to go up when you've got more buyers than Sellers and these are people that sold something that does not belong to them it's borrowed and it has to be returned and so this is just one more thing out of the many things that's going to add up to the gold and silver EXP explosion that is coming I want to congratulate all of you

hardworking people at the Federal Reserve you guys have done a phenomenal job of destroying the US dollar this is the price the price of gold going from roughly 35 bucks an ounce up to $3,000 an ounce this is the value of the US dollar how much gold can you buy with one of them it used to be the dollar was worth 135 of an ounce of gold today it is worth 13,000 of an ounce of gold what kind of percentage change is that well it's a fall in purchasing power of 99.31% it is a uh so that's how much

value it has lost the value remains meing of the pref Federal Reserve US dollar is 0.689 or 0.7 so uh for each dollar it is worth about 710 of a penny this it's just totally insane so uh this is reset Time 2030 says that uh gold for us Canadians watching our incompetent governments destroy our currency for the past 20 years in one image so it's a chart of gold gold is a mandatory own even at these prices still a long way to fall before our currency is worthless so bald guy money silver is

already at an alltime high in other currencies like Aussie dollars when the dollar Index comes down and it will come down silver will make a new high in US Dollars well above $50 it's coming so I want to thank gr I guess is how you say that uh for this chart pointing out you know yeah pointing out this big bowl that has been uh you know I follow Clive Mond once in a while and he's been pointing this out for a very long time uh and the breakouts that have happened and the resistance points and this is not whole

where're um up to where there's not a whole lot of resistance coming um it and it's very very old resistance it isn't like there's a bunch of people that bought back in 2011 that are waiting to 2025 to go oh uh we're I'm finally even I'll get there's going to be a few uh but still that's 15 years ago the people that are disappointed unloaded their positions at a loss I just stuck with it you know I was buying silver all through this and well before in fact uh in 2008

here I pretty much doubled my position in silver and then in 2020 during the covid crash I was able to add an enormous amount to my position and so I've I've got a lot of silver between uh 11 and uh and $13 moving on Nick lared sent these great charts this is gold quarterly and what you see here is we've got a breakout that just happened this is gold yearly and you know this is 1721 so 1776 is is in here so this goes back to the gold price basically in England and so on uh before the US actually existed

this is is just after the Civil War it's a fascinating story and it's worth watching there was actually a movie about some of this I've got it on DVD I haven't watched it yet but I will there was an attempt to Corner the market on gold right after the Civil War and so we've got a breakout again this is the silver monthly and it shows you know I was probably the first person I'm not positive but I think I was every you know we were all pointing out everybody was pointing out the cup and handle that

silver was making uh in this Century they didn't point out the giant cup and handle that started back in 1980 and so I've been pointing that out ever since so this from 1980 to today the energy is building once this breaches that $50 level it is just off to the the stratosphere uh the quarterly tick and then uh also the yearly tick going all the way back to the cornering the cornering attempt during the Civil War and then you have the demonetization of silver happening at the same time as the

Comstock load and the Silver Valley in Idaho uh were was discovered the Comstock load just barfed out this immense quantity of silver in a very short period of time the Silver Valley in Idaho is still one of the richest regions of silver in the world so this is the concentration of Traders as far as short position only measured in days of global silver production all mining production on earth and the eight largest Traders are short by almost a half a Year's production and then you look at other Commodities such as gold

and you've got like a quarter year of production and then less for all the other Commodities this is just insane this short position now those same banks these are mostly bullan these are these large large Traders are the bullan banks those same banks have also have long positions and if you take the long position the short position minus the long position you get their naked shorts uh how exposed they are and all of these short the shorts have to be covered and the Longs are not big enough you've got

you had aund about a half a year there just under a half year 180 days here you've got under 90 days so it's it's it's half so when the squeeze comes and it appears to be happening right now this is going to be explosive uh the gold flows around the world the weekly transparent Holdings at the Commodities exchange the the ETFs and so on mutual funds well it looked like they got things under control and then uh you know like like they pulled it off again because what they're doing is they're

covering up the fraud that they have perpetrated with this fractional Reserve scheme that they've got going on at the you know all these naked short sales where they just make up ounces of silver and gold out of thin air and sell them to people uh so uh but it's on again look at this this big uh weekly change here in 3 million ounces uh is the latest change and silver is continuing you look at how the inventories are uh so the flows are coming in here again is that beautiful cup and handle and what

we were pointing out you know most analysts were pointing out that there was this cup and handle here this is silver uh and it's just setting up for an explosive move but there are fundamental drivers underneath this that are quite exciting so King Kong 988 says the pslv that's the Sprout silver fund physical silver inventory consists of 1000 ounce bars the comx has th000 ounce bars uh for their silver contracts so it looks like by massively shorting pslv it's very likely that someone doesn't want pslv to stand for

delivery because pslv is a closed end fund when you buy a bunch of shares of pslv they then have to go out into the market and acquire the silver so the price of pslv uh sells at a premium and a discount to the net value of the silver uh that they're holding there are sometimes where pslv is severely undervalued I would doubt that now is one of them because there is sort of a rush back into gold and silver right now uh I I didn't look at it before making this video uh there is a statement I

believe on their website where you can see whether it's at a premium or at a discount but when all of these people rush into silver and they buy pslv shares Sprat has to go and buy those thousand ounce bars on the open market and so they go buy them from the commodities exchange well uh if you short you're borrowing share from a share from somebody that already owns it and you're selling it to somebody else that's going to be buying but Sprat doesn't have to go out and buy that

ounce and so by somebody doing massive shorting it means that sprot doesn't have they're you know they're not supposed to go out and be buying these thousand ounce bars to cover that so it looks like someone doesn't want pslv to stand for delivery and withdraw these thousand ounce bars from the comx so what does this look like it looks like this this is insane all of this has to be purchased back when they're buying back these shorts it is upward pressure on price the price has to go up when

you've got more buyers than Sellers and these are people that sold something that does not belong to them it's borrowed and has to be returned and so uh this is one more just one more thing out of the many things that's going to add up to the gold and silver explosion that is coming uh Ronan Manley says uh as clarification all of the good delivery the high Purity gold was taken out of Fort Knox in 67 and 68 which would mean that there's only coin melt bars from the 1933 gold nationalization uh and it was flown from

the US to England and convoyed down to the bank of England England bingan office in the city of London and the Gold Bars were withdrawn to the market so they were sold into the market and this was part of the London Gold pool where they they had a scheme to try and control the price and a whole lot of the gold did come from the United States so this was the real Fort Knox Heist not Goldfinger but a bunch of wealthy European Bankers who were they fronting for and then this shows you that there is an emergency going on right now the

uh CME you know this is the Commodities exchange they're delisting gold kilo Futures London spot gold Futures London Silver Spot Futures and cleared OTC London Gold forwards and so this is a list of the the things that they they are delisting why are they delisting them because it's getting too close to where the fraud of the fractional Reserve fraud that is all of these exchanges this becomes exposed they're getting into what for them is a dangerous position and what for us as precious metals investors is uh you know

a a vision of heaven and TF Metals report says that last week both the house and the US Senate voted to uh pass a bill and the Federal Reserve System gold certificates not later than 180 days after the date of enactment of this act the Federal Reserve Bank shall tender all outstanding gold certificates now remember that I did a video just a little while back that showed that 99.7% or something like that of all of America's gold has been used the treasury hawked this gold as though the Federal Reserve is a pawn shop it was

used as collateral for $ 11 billion roughly outstanding gold certificates in their custody to the secretary not not later than 90 days after the tender of such gold certificates the secretary shall issue new gold certificates to the federal reserve banks that reflect the fair market value price of the gold held against such certificates by the treasury as of the date specified by the secretary on on each new gold certificate upon issue by the secretary each Federal Reserve Bank that receives a new gold certificate shall remit the

difference in cash value between the old and the new gold certificates to the treasury for deposit into the general fund this isn't I mean they shouldn't be doing fair market value they should be doing something that actually makes a dent in things because the fair they're going to issue these new gold certificates and within days they are going to be outdated the gold price will be Way Beyond this there's a there's basically we are headed toward this economic crisis this emergency right now all of these things

are converging and uh this is some really really big news it's another one of the so the Bank of Montreal on the current uh dollar reset sees $44,000 gold as a possible scenario actually they see uh $4,000 gold and higher as a possible scenario you got to scroll to the bottom of this and it says that uh inevitably a liquidity injection event to save the auctions the US Treasury auctions equals $3,000 plus gold uh is long forgotten so $33,000 plus gold which we're at today is long forgotten

and it's picking up passengers for some number well on greater than $4,000 an ounce so they're expecting greater than $4,000 an ounce gold uh now there bar chart uh there is now a 100% chance that the Federal Reserve will end QT before May according to poly market and so the Voting is now at 100% and these um polls tend to be a lot more correct than all of the uh analysts at these big Banks and such so these analysts at the big Banks as Fiat has debased gold Rises it's not a matter of if but rather when

and this is like uh Goldman Sachs saying $1500 gold within this year and it ends up Beyond 2,000 and then somebody says $2,000 gold is possible and it just blows past their estimates all of these major institutions get this wrong consistently year after year yet people still listen to them it's amazing uh the bank of England isn't in default on its gold it's just going to take an infinite amount of time to deliver it again that's make gold great again Ronan Manley and he told them that

that the delay in getting the gold out of the bank of England was because gold is heavy silver sackers understand this more than anyone it takes years then it happens all at once and it does now when I used to speak at events with Robert kosaki back in the early 2000s um I would show all of these charts showing uh that you know that there was a crisis coming and you know I was very right the 2008 crisis was the resolution of the energy that these charts were showing showing was stored up it all got released in the crisis of

2008 but uh during these events in 2005 6 7 uh people would come to me and they go well when is it going to happen when is it going to happen and uh you know I would say I don't know but uh you know sometimes these things take a while but it is definitely going to happen and my business partner years later said you know what they're really asking you Mike when they say when is it going to happen they're they're asking you okay I don't really want to buy gold and silver right

now I want to stay in the stock market but could you please pick up the phone and call me the second the hits the fan so they were always asking when well guess what to all of those people that were asking when one two three now I want to thank you for watching