when I looked at it I went wow this you know because I've been saying for quite a number of years that silver is destined for triple digits you just can't print this amount of currency and have a commodity that is measured in that currency which is you know throughout history all also [Music] money hi this is Mike Maloney and I'm back with Alan Hibbert Alan how are you doing I am fantastic Mike thanks how are you great uh you know uh we've got so much happening in the world and uh I


just wanted to comment you know the Ukraine the Middle East uh where uh at this point in history where there is are so many dangers and it seems like we're sleepwalking into these things so we're going to have to make a video on this uh sometime in the future about the apathy of uh sleep walking into what could be we are very close to World War III and people just don't seem to care uh We've you know it's it's just something we've got to make a future video on it but for


now we've got another video on precious medals don't we absolutely we do um I thought for today we could go through uh what's happening in the markets just give a little market update talk a little bit about gold silver and a little bit about the banking sector excellent so oh okay so this is from Tavi Costa yes absolutely he's got a nice chart that he put out today the gold to US treasuries ratio and he says one must take note of today's strength in Precious Metals as treasuries sell


off significantly so in other words treasuries down gold up a popular argument against the idea of investing in hard assets is in a rising interest rate environment it might not be appealing to hold an asset that doesn't generate any yield so we hear this all the time if interest rates are going up it's a bad idea to own gold however that thesis doesn't necessarily hold water when we look back in history hard assets delivered some of their strongest performances during the 1970s despite


the backdrop of increasing interest rates and he's got a chart to prove it we see the gold cycle of the 1970s that you and I have talked about many times and of course the bare Market of you know about 20 years and then these current gold cycles that sometimes we lump together as one but it is absolutely poised for a breakout Mike yes and uh you know what is amazing here the moves in Gold are so much bigger than the moves in treasuries it's really the gold price that is uh moving this chart all around the way that it's


uh tilted what what's interesting is when you look at where the mean is it looks like uh you know during the 7 s inflation came in in two big waves and uh those waves are reflected in the gold price so when inflation is going up and uh the interest rates the treasuries are going up gold went up so that uh supports exactly what he's talking about uh and um it looks like as far as the balance between treasuries and gold we are still about as undervalued I mean it was super undervalued back in the year


2000 but you know if you look at the the ratio back in the 70s it looks like we're still below the mean of the 70s and the 80s absolutely and you can see looking at the Y AIS of this chart here one represents um basically the return on gold and the return on treasuries being the same and so we're just about to break through that where gold will be a better investment than Treasury and it's going to happen any day now wow okay so what's next all right what's next is actually another one from tby Casta he's


got the history of gold cycles and again he breaks it into three Cycles he says gold is approaching $2,000 an ounce again now poised for a historical breakout that could Mark the beginning of another long-term cycle then he's got a quote from Ray doio if you don't own gold you know neither history nor economics couldn't agree more I have a a document where I just keep on pasting quotes in in it and I I've had this document now since like 2003 or something I've been just collecting people's quotes and they


they'll make it into a book or into a video and then I delete the quote after I've used it but uh this is an excellent one that I'm definitely going to be putting in the document because it's true if you don't own gold you know neither history nor economics and um you know what's interesting here um his arrows are not symmetry moves uh a symmetry move you would take an arrow and go right from the bottom to the top of a move again uh tvi here is using monthly data because if you look


at the peak of the 1980 uh gold bull market you'll see that the 1980 Peak is equivalent or even lower than the deadcat bounce that so that first little Peak is actually $873 an ounce and the second Peak that follows it is about $600 an ounce but when you do it monthly they end up being equ equal so we're probably looking at monthly data here possibly even quarterly but most likely monthly uh and then uh if you took uh the Symmetry move from the 2000 that Arrow would be be a lot longer and you paste it to the um


top except you'd probably start the uh next symmetry move in the bottom of that uh cup and handle or pan and handle that we're talking about yeah that's where it would start but either way look at where he's got his question mark right about the price where uh our last analysis of uh the bull market repeating uh that ended up with an 11,000 something price right yep I think it was 11,250 but you know it's a r number right right and so uh I think he's got the the target correct and I don't think it's going to


be long all these geopolitical tensions something will lead to a breakout and once it's back in the news setting record highs that's what happened from the year you know uh in the bull market from 2000 uh from 1999 actually but the news cycle started when it left that base of of 206 I think it was in 2001 and started going up and then especially after the global financial crisis where it put in in 2008 it put in a little inverse Head and Shoulders pattern that more than played out the you know the um


2008 the uh that dip two-thirds the way up on that cycle that dip right there is an inverse Head and Shoulders that really uh it it actually made more than double the projected move so yeah yeah fantastic yeah awesome well I encourage everybody to check that out for themselves that's something toi posted this morning on Twitter or on X excuse me yeah on X and uh let me see it's crescat capital.net I believe but crescat capital is Toby's company beautiful well next up here we have another uh tweet um silver is sitting


right below the huge blue breakout line it now has a red circled huge bullish reversal at Big support so we can see that over here on the right side uh looking very good a generational all caps generational breakout should be incoming so what do you think about this Mike uh well I I think that uh that is very interesting I can't remember what type of candle they call that um is it like a bullish hammer or something what I I can't remember I can't remember either uh the thing is he this now he does have a symmetry move he


started this from the bottom uh in 2001 up to the peak in 2011 and then he's pasted that same length Arrow you copy paste it at the same angle and everything a symmetry move from the coid bottom up to today now this is a logarithmic chart and if you if you look at where that's pointing and you take the distance of 12.5 to 25 and 25 to 50 and then 50 to 100 and then 100 to 200 this is projecting like a uh silver up at up above well above 150 maybe uh 2250 is what it's projecting uh so uh that is


when I looked at it I went wow this you know because I've been saying for quite a number of years that silver is destined for triple digits you just can't print this amount of currency and have a commodity that is measured in that currency which is you know throughout history Al also money uh uh you can't have that uh be static while the currency Supply is expanding it it ends up having to make up for it some time or another and what we've seen is uh you know silver has been stagnant and


falling lately and but to me that just stores energy and you know something when I first started studying all of this there was a guy Jim pava of Financial sense.com and he said um that the hardest thing you know when you identify a new bull market so this is back in like 2003 uh he had a vid a a um series a Blog series that he had uh typed that was on his website that was very very good and ended up being quite accurate uh I think it was Financial sto storm or something storm series and um in there


he said the hard when you identify a new bull market the hardest thing is to not let the bull buck you off its back and that's when I made the decision to ride through all of the different waves and I knew there would be a cyclical bear within a a secular bull market that there would be something that would make a lot of people give up and that's what that cup and handle has been it's been something especially in silver because it's it's uh you know because the high of 48 bucks back in


2011 uh you know not getting back there but once we break this uh this uh trend line resistance that's pointed out here that blue line that goes across the top of this which yeah yeah um whichever ways it I'm trying to flip the chart backwards when I do this stuff uh once it breaks that we should see $30 very uh we should see the old highs of $25 or whatever that number one is uh and then once it breaks that $48 is going to come very very quickly um and you know it's it's possible that during a crisis cryptos


could do very very well but it's an unknown this has a 5,000 year history guarantee on it it's it's a very well-known and uh and so I see just tremendous opportunity here one of the problems is people tend to chase price they buy once something is going up instead of buying when it's low so I wish I had extra cash right now I don't I hear you I hear you Mike I think everyone wishes they had extra cash lot of lot of good opportunities to uh to be buying right now so awesome um let let's


move right along I wanted to switch gears a little bit and talk about the banking sector hi I just wanted to take a moment and thank you for subscribing and mention that if you'd like to help our Channel please consider my company goldsilver.com the next time you buy precious metals we're one of the most trusted names in the industry our prices are Sharp sh delivery is fast and we have an insiders program where you find out exactly what I'm doing with my own Investments thanks for making


goldsilver.com your dealer and now back to the video um gold Telegraph put out uh yesterday yesterday evening breaking news Bank of America has reported unrealized losses of over $130 billion do on Securities in the third quarter 130 billion this is not a drill what do you think well what I like about that is they ended it with this is not a drill because when I was a kid they used to do there there were uh air raid drills every week or every month there were air Air Raids sirens in every neighborhood


and they would go [Music] out and in school you'd get under your desk uh you know pretending it was a it was called Duck and Cover nuclear attack and uh you know when you see movies and stuff when they say this is not a drill that's that's when it's real that's when the bombs are falling and uh and you know I've said quite often that we've only seen the first leg of this financial crisis with Silicon Valley and uh uh First Republic and uh the other banks that that uh and you know the um


shotgun wedding of credit Swiss with UBS uh that was actually a bank if that bank had failed that was systemic that would have uh spread across the world uh and but it really when you according to their balance sheet it was a bank failure uh and so uh this is just another warning that people have that they need to get ready now uh so do you have any other comments on this um well yeah just just one other tweet that's that's on the same theme it's it's just commenting on Bank of America in the first half of


this year not just Q3 uh Peter Schiff says for the first half of the Year Bank of America reported pre-ex income of 41 excuse me 48 billion yet ignored an additional 95 billion loss on its held to maturity Securities so the bank actually lost $47 billion it's in worse shape now than it was when it was bailed out in 2008 so the banks are not learning their lessons they're not learning their lessons they're still repeating the same problems over and over I mean are we going to keep bailing


them out I certainly hope not you know I don't know but uh it's a shame that they get to keep the profits in the good times and then uh in the bad times the taxpayers take the losses because that's what a bailout is it's it's all of us uh paying for the losses that they have incurred uh through the moral hazard is what I I can't remember if that was Allen Greenspan that introduced that term but the moral hazard is created uh when the government keeps on providing this safety net


allowing the banks to take on more and more and more risk because uh they don't have the downside risk the taxpayer does they only get the upside profits they don't have to pay the taxpayer back it's uh just yeah what's your take yeah it's exactly like you said it's uh privatized gains and socialized losses so yes it's uh it's it's heads they win uh Tails we lose you know it's uh yep it's crazy I wish I had a banking license you know problem is you've got to become one


of the uh too big to fail Banks otherwise uh you're out there by yourself sinking or swimming yeah that's true that's true so maybe I'm happy with that one okay anyways there's yeah there's one more chart here just to put things in perspective because it's really nice to have a visual so we can talk about these numbers like 131 billion but like what do these things actually look like well it looks like this these are the unrealized gains and losses on Securities at commercial Banks


all of them in general not just Bank of America in billions of dollars and you can see this goes back to the 2008 financial crisis it's a lot worse now it's a lot worse now than it was back then so point out the losses in the 2008 B financial crisis but yeah right there so that that was the global financial crisis and then you look at what's happening today it's just unbelievable yes uh this uh in March when Silicon Valley failed uh that was just the very beginning of the banking crisis and what


was hilarious is the um uh CEO I believe it was of was either CEO or the head of the board of directors or whatever of uh Silicon Valley Bank was also on the board of directors of the samean Francisco Federal Reserve or he was the president of the federal San Francisco Federal Reserve so he should have seen this coming you know the people that run the monetary system I'm just convinced I mean I look at the things that Janet Yellen says sometimes sometimes and I'm going are these people like just total


idiots and I really think that there are these uh super brilliant idiots that they're so smart they get convinced that they can't make a mistake and they look at one set of data but they fail to see the big picture very often and they're M because they don't think they can make a mistake it leads to catastrophic outcomes yeah there's a there's a quote that comes to mind um about the you know I I think of it whenever I think of these uh very very important Central bankers and certain politicians who only


seem to move in One Direction the quote is something like uh a man will never understand something if his income depends on him not understanding it yes true yeah yeah okay yeah so so anyways um I know we talked about like some some some scary things here possibly Bank uh bank failures and and a global crisis and so forth I want to end on on a kind of a humorous note with a chart of the day that's okay with you sure all right this one I found on Twitter it's average female height per country you can see


this beautiful graphic here India very small over here at 5 feet zero inches and uh Sabah Ibrahim says as an Indian woman I can confirm that too much of my time is spent hiding behind a rock praying the terrifying gang of international giant ladies and their lvan General don't find me that is absolutely hilarious notice that the uh graph starts at five feet and goes to five foot five exactly so it it's it's 10% of the total height and it but this shows how graphs can lie uh you know we worked a long time on H


chapter three of uh of the great gold and silver rush and it was just so that people can see this kind of stuff you got to look at those scales you got to look at how can they lie to us show that graph one more time uh this uh look at how small it makes that Indian woman look and how giant it makes the laan W woman look and it's uh a 10% difference it's it's five inches in height on top of a five foot tall woman that's the difference and uh so I see this all the time being used in like you know um a a lot of uh


uh Financial uh columnists letters they'll say such and such a stock crater today on the news that and they start the graph at 99 and it goes to 100 it looks like it's just falling off of a cliff but actually if you started at zero you cannot see the move it didn't crater it made like a normal one day move and so it's just a way of uh of uh of sensationalizing things and exaggerating everything to try and sell you something or keep you scared or manipulate you and so uh don't let them


everybody that's watching learn as much as you can about reading graphs it's important it'll it'll serve you for the rest of your life that's right that's right yes and one of the one of the comments on this tweet was uh the importance of a good y AIS so I I I couldn't agree more it's very very important yeah you gotta know what you're you gotta know what you're creating and you got to know what you're reading okay and with that I think we're gonna wrap up this video so I want to


thank you a lot Alan and thank everybody out there for watching thanks Alan thanks Mike hi I just wanted to tell you about gold Silver's 111 ounce silver giveaway where you can win win win 111 one 1 oz silver bar one 10 oz silver bar and one 100 oz silver bar so enter today and win