gold news

 Whoa. It's Tuesday night, July 22nd, and today silver set another 14year high and closed at $39.33. So, what is driving all of this? You know, I've pointed out many times, we've got some very weak resistance back here from 2011. uh and this resistance, most of the people that bought uh back then, they either sold or they're hanging on for higher prices. So, there's not going to be a lot of selling coming into the market from these purchases way back in 2011. This is going to be weaker

technical resistance. the people that read goat bone tea leaves and goat bones uh the when when chartists all are looking at the same thing it becomes a self-fulfilling pro prophecy uh too many people are going to be placing sell orders right at around these prices. So you're going to see uh a little bit of resistance in the $33 area and up at 48. But what is driving uh this breakout, these prices surging in silver? Let's take a look. Hans attorney says something big is coming in the silver

market and fast. Let's connect the dots. One, over the past days, multiple signals have emerged that point to a massive shift in the silver landscape. What used to be a boring, manipulated market is now heating up like never before. Two, physical deliveries are exploding on the COMX. Silver deliveries just broke out. Nearly 2 million ounces per day matching global daily production. Now, let that sink in for a moment. On the commodities exchange in New York, deliveries match global daily production of silver, never mind the

rest of the exchanges around the world. industries, investors, and shorts are now competing for metal supply squeeze incoming. Now, Allan is going to cover this same tweet in another video, and he's going to verify all of this and analyze it for you. We don't want to spread any misinformation here. So, we're going to be verifying you all of this and giving you the correct information. Three, LBMA silver reserves are critically low. TD Securities reports only 155 million ounces of free

float silver remain in London, the lowest in recorded history. That's not a typo. The vaults are drying up. Four EFP and OTC markets are dislocating. I hate it when people use a bunch of acronyms. What's an EFP? That stands for exchange uh for physical and OTC markets are dislocating. Silver lease rates are spiking. 6% plus premiums widening. A perfect storm is forming in both commodities exchange and London. OTC is getting dangerously tight. This isn't normal. Five. China's top coin market is

going into overdrive. You know, I'm going to skip this one. It's about collector a specific collector coin and uh there's a problem in the math here. So, Hanza, you may want to double check the math. Um uh six. Speculative capital is flooding in. Retail and institutional money are finally noticing silver's setup. Tight supply, high industrial demand, no excess mining capacity, ridiculously cheap compared to gold. They're buying and fear of missing out is real. Seven. Tariffs and geopolitics

add fuel to the fire. The US just slapped a 30% tariff on silver from Mexico and the EU who supply over 25% of US imports. This could trigger a supply chain panic and price spike. Eight. What does this all mean? We're not just looking at a price rally. We're witnessing the early stages of a of a structural breakout. One that could end decades of suppression. I hope so. Uh, nine TD colon DR. I'm not up on all of this stuff. I had to look that one up, too. It means too long. Didn't read. So,

this is a a synopsis of the whole tweet. Physical market is on fire. Inventory is vanishing, demand surging, geopolitics tightening, price finally reacting, silver awakening is real. Are you positioned? Uh, personally, yes. I've been planning on this now for more than 20 years. Um, so Mr. Yepy, it's literally impossible to borrow silver right now. The shirts are uh shissing their pants. God, do I ever love seeing short funds burn to the ground. And you can see this is the borrow rates for

SLV. if you if you want to short silver on SLV and it just uh had a huge spike. Tavi Costa says silver lease rates are surging just like platinum did before its major breakout a few weeks ago. If you ask me if it looks like a duck and quacks like a duck. So the silver lease rates above 6%. Uh let's see what platinum did. Okay, so this is uh platinum. So this the lease rates on platinum spiked just like that before this major breakout. And what you see here is platinum below a,000 bucks an ounce and then suddenly 1464 bucks in

just a little over two months more than a 50% move for about a 50% move from the in in two months and a week or so. Uh then Nostra Davos says, "I don't know who needs to hear this, but gold is in plentiful supply. Silver is in its fifth year of def deficit, and a few bankers are 400 million ounces short. They will need to find somewhere." Uh this is from enough. 483 million ounces of silver were dumped into the market yesterday in an hour in an effort to stop this breakout in silver. This short position

is now completely underwater, which means that the banksters that sold those ounces need to come up with physical. So, this volume bar is the 483 million ounces that uh got dumped into the market. Is that from one source or just a couple sources? I don't know. But uh uh you know, it's very interesting the headlines that are happening. I'm just reading you what other people are saying. Allan is going to investigate more of this stuff and uh try and corroborate this. Um so this is from Mr.

Yepy again just in City Group backing silver over gold. Well, they have a price target of $43, but what they don't know is that it's going to be a heck of a lot higher than that. So that's their 6 to 12 month outlet outlook boosted to 43. But what I want to point out is that the 3-month forecast was raised to $40 from $38. Now, this was on the 16th of July, and I looked up some other articles to confirm that the 16th is the day that Croup made this announcement that they're upping

their forecast to 40. Why? Be this is the 16th because 2 days before it hit 3914, so it was only 86 cents away from their uh threemonth price forecast. So before they looked like it complete morons they had to raise that forecast but here just four days four trade 1 2 3 you know this is when they uh sorry this is when they changed their forecast 1 2 3 4 days later it hit 3933 on the closing. uh that is just uh 67 cents away from their 3month uh target that you know it could reach that target. So,

will they look like even bigger morons tomorrow or the next day or the next? You know, I guarantee that. Well, I don't guarantee, but uh within a very short period of time, the answer is most likely going to be yes. Uh a great probability. Silver demand for solar panels 2023 versus 2030. I want to point this out. Conservative projection. So you had about 16% of global supply going to solar panels and here you've got 25% is a conservative projection. Now there's not that much silver in each solar

panel. And so um $50 silver, $100 silver, it isn't going to raise the cost of each solar panel by that much. But when you get up to $700 silver, they're going to be really trying to conserve on this. or it may even slow down the sale of uh of solar panels. Um this is from just Dario uh and he says 409 to1 is the paper to real silver. So you've got 400 people uh dancing around on the Titanic for each seat in a lifeboat. Now this is futures, options, swaps, forwards, derivatives, and ETFs. So,

it's it's everything. Uh I don't know if it's accurate or not, but this is the information that's going around. And it's great to see all of this going around. Now, I couldn't get this stock charts uh performance chart to go back to January 2nd. So, it starts on the 3. The price action for the year normally starts on the second. Uh, but the S&P 500 is up 6.11%. Gold is up 28.77% and silver is up 31.51%. So there you go. Uh, now I'm I've shown this in the last few videos, uh, but I

just want to quickly run through it again because it pertains to the next couple of frames. So, if you take the performance of these different items, their their percentage change from January of 1980 until 2022, the consumer price index would put silver at $200 per ounce. Uh, if you're comparing it to a single family median price home, 468. The stock market, $2,178. the 10-year Treasury bond, uh, 159. US GDP the same as real estate 468, currency in circulation 971, M2 781, and the average of all of these was 921. And

I said, you know, I don't think it's going there, but the this is a possibility, this range of things. So that 781 maybe that's not uh too irrational when you see what I've got coming up. So this is uh uh so uh value seeker adjusted uh silver for the M2 currency supply growth and what and this was uh on July 14th silver was at 38.89 89. And when you adjust it for the growth of the M2 currency supply, you end up with close to $520 per ounce silver. That was the price in in today's

devalued dollars of silver in January of 1980 when it peaked. Now, uh, I talked with John Williams of Shadow Government Statistics, shadowstats.com recently, and he sent me some data. So, I had Allen uh, create this chart. And now, you've got to realize that first of all, this is the CP lie, the the one that the government currently uh, produces. And if you ever hear somebody talk about the CP lie that I coined that term from my first book. Uh and so that's where it came from. Uh this is

John Williams alternate uh CPI. Now what is that alternate CPI? It's the government numbers. It is the United States government consumer price index methodology from World War II to 1982. And then they started fiddling with it. So this isn't some conspiracy theorist uh uh you know uh lunatic out there. John is only applying US government methodology uh what they used to use because he's he was an insurance actuary and everything started to calculate wrong after 1982 and he wondered why. He went back and

found out that the US government had fiddled with the uh the inflation statistics in order to do things like screw social security recipients out of their full the full amount that they're owed. It doesn't keep up with true inflation. Is anybody ready for $2,000 an ounce silver? That's what I want to know. But always remember, silver is a bad investment. At least according to this guy Dave Ramsey, when he said it, it was 24 bucks. The last time he said it was silver was 24 and gold was under

2,000. I want to thank you for watching. Please like and subscribe and uh if you're going to buy some gold and silver, consider us for your dealer. That's how I support all of this. We'll see you next time. >> Invest and earn up to $2,000 in bonus silver at goldsilver.com. It's easy. Step one, open any gold silver storage account excluding IRA. Step two, purchase your precious metals. Step three, get up to $2,000 in bonus silver dropped straight into your vault. Visit golds.com/frees

to claim your silver.