hi this is mike maloney and i've got jeff clark with me jeff how are you doing i'm doing great mike and boy what a time to be alive in the markets uh right now huh what do you think yeah it's been an amazing few days uh this silver short squeeze that is being attempted and the results of that and uh coming right on the heels of the gamestop short squeeze so it's very interesting and then what is happening in in the world economy at the same time it's all totally bizarre it is


and that's one reason why we're so bullish on gold and silver it's not what just happened yesterday but what is likely to happen uh given the economy well there's lots of things that i want to go over with you mike we're going to jump right in this first one is a very interesting article it's actually on cnbc and it says is the silver surge short-lived some options traders are saying no and i'll just read you a couple clips here real quick silver is crashing back to earth after


having its best day in more than 12 years on monday as the reddit rebellion set its sights on the commodity as well as several miners and the sov etf well the rally is certainly taking a rest today plenty of options traders used monday as a way to position themselves for the possibility of much bigger gains in the near future slv saw more than five times the average daily call volume today today meaning yesterday monday on the big jump so so what do you think of that mike that maybe some options


traders don't see this as a one-off event that there's going to be a much bigger rise in the silver price ahead well i i absolutely everybody knows that i absolutely believe there is going to be a much much bigger rise there these are calls though so these are options traders and one of the problems with uh options is it's a derivative uh one of the things that we're seeing is that uh there's the the inventories that are available of physical precious metals are vanishing right now


and the uh the the but you can make as many uh futures contracts and so on as uh as as you want and an option when you take an option that's for you can exercise that in the future but you're actually not buying ounces when you're buying an option you're not taking those ounces off of an exchange or or out of the reach of an exchange so it isn't uh an option isn't guaranteeing higher prices an option is just a leveraged uh bet you know it's it's gambling and it does have a uh a


expiration date and it can expire you know you can you can make a lot or you can lose a lot and i think a lot of the reddit uh the wall street bets community they're um uh doing this they're doing all of these trades as short-term gambles they are bets they're looking for uh you know 50 times their currency in just a couple of weeks or just a couple of days and i see precious metals as a longer term play and a protection and i do think it's something that everybody should have but i i don't buy any options myself but


it is interesting the volume is up five-fold that is amazing it is amazing and um i will point out that this isn't the only article where uh some journalists are saying that look some of these option traders are buying options further out they're not just playing this one or two day trend or one week trend or whatever it might be they're buying further out so it's very interesting to me that there's a lot of uh a fair amount of mainstream traders on wall street that think okay this just


isn't it that there's going to be a bigger rise coming in silver down the road that's very interesting to me so yeah i do think if they're going to play options and futures and things like that you want to give yourself some time uh and i think it's it's smarter i don't i still don't think it's the smartest bet to buy options and so on i i think the best bets are uh taking delivery of physical silver whether it's in a storage account or at home or in your ira uh when you take it away


from the commodities exchanges it exposes the fraud and what the wall street bets community and reddit have uh exposed here is the the fraud of of wall street that uh it's you know the people that run the game have the game rigged and if it's if the game changes to where they start to lose they just change the game they change the rules uh we've seen uh the margin requirements on silver go up recently uh and uh after that the price of silver started to come down so it's great that they've exposed this


and you can see this i hope the this uh manipulation that that wall street is able to do of basically the entire economy between the federal reserve and wall street the game is rigged uh and i see the best bet against that rigging as buying physical precious metals and some cryptocurrencies right the real short squeeze will take place with physical metal not in a paper market um okay one yeah and we we've also seen a tremendous divergence between the uh the the spot price which is the paper


contracts that you can create in unlimited quantities and sell into the market there's been a divergence between that and the physical metal and during these periods of time that spread the the premium that you pay above spot goes way up it becomes very difficult to source the metals and you know everybody's scrambling to try and find some and when you do find some it costs a whole lot more but you can find unlimited quantities of the paper and you can uh place these options bets but you're


not going to get uh you're not going to see any benefit of that premium spread if you're in place before this the premiums go ballistic uh you have the potential of making a profit on the change in price and silver but also a profit on the change in the spread the premium yes very good uh in times of high demand premiums naturally go up it happens every single time and so uh times to buy or when prices and premiums are down or at least falling so you can click on our site under precious


metals and go to silver and see what we have available right now for purchase so uh well mike let me jump on to the tweet of the day and this is from a friend jake ducey i've actually interviewed with jake he's a great guy he put out this tweet yesterday and i'd like to get your reaction real quick silver coins selling at forty dollars plus and you won't get them for a month twenty seven dollars per ounce is not the price of physical silver paper price only matters for mining stocks it's useless otherwise


buy paper dips for mining stocks not on rips but for physical you're never gonna find it for twenty seven dollars try forty dollars so mike what's your reaction to jake's tweet that's exactly what i was just saying but you know it's it's a smart tweet when it comes to uh uh using the paper price is going to determine what the miners do because uh that is basically what the miners are selling their supplies for and a whole lot of the short position actually comes from mining supply miners will sell forward


or uh sell futures contracts and they have to deliver into those in the future but they've got it it can be dug up so it's not a naked short it's a short that that has gold or silver behind it but that gold or silver may still be underground at the moment uh but the paper price uh does tend to uh cause all of the miners to go up and down and when the paper price takes a big dip that's the time to buy the miners the time to buy the uh physical it's best when you can buy it where the


spreads are narrow and then ride this thing so and if you want the price to explode take this the silver away from the commodities exchange and an option doesn't do that that's right this is all going to happen through physical taking delivery uh taking physical off the market that's that's the the best and biggest way to execute any type of short squeeze and i think mike we agreed that's probably going to happen anyway like in your unaffordium and unobtainium scenario right at some point


the metal is just not going to be available maybe for small investors or whatever the case might be but this is a small taste of probably what's to come am i right about that um it's it it isn't just a small taste i mean this is uh just infinitesimal compared to what's to come because we aren't in a mona there isn't monetary demand right now this is a gamble a bet that some of the people on wall street bets are making it's not the masses and the billionaires trying to protect their wealth while the


stock market is crashing and the dollar is suspect there is a crisis coming up in the future where those things are going to happen and when they do it's going to be monetary demand people will be rushing back to this to protect their wealth and then you're going to see it skyrocket and there won't be any physical available right so i think the the point all this is if you're an investor and you don't have as much metal as you want you know try to buy on big pullbacks like this when


demand is maybe a little lower and premiums are coming down but those opportunities uh won't be available forever so uh well our next uh let me just jump into the next one here if i get my place and that's a viewer feedback mike let me read you this uh one from yesterday this must be a proud period for you mike you've genuinely educated the masses on precious metals and real money debasement and fiat currency extinction i wanted to personally thank you and that's from gordon malcolm so do you


have a reaction for gordon there mike well thank you for the comment gordon that's that's wonderful um you know when i first started this uh i first went down this road in 2001 i started studying it in 2002 i started taking positions with gold at 315 the spot price and silver at four dollars and 30 cents in 2003 and when i started this only about one out of every 10 or 20 people knew that the federal reserve was not actually part of the u.s government that it was a corporation that uh the


largest banks in the world own the stock of you know but basically a private corporation sanctioned by the us government so uh we've come a long way because now it's nine out of ten instead of one out of ten people know that the federal reserve is not part of the u.s government uh so the the education has been my passion and the whole reason that i got into this uh i was a precious metals investor first so from 2002 i didn't open up goldsilver.com until august of 2005 and and i was but i was researching this


i was on it every day absolutely fascinated by monetary history and this the history always repeats but with little twists and the twists are determined by the fundamental setup that we're in at the time and so you can sort of predict some of the outcomes and and i've just been trying to make people aware of that so i want to thank gordon for his comment it was wonderful yes and by the way if you've not read mike's book you can get it free on our website we'll provide the link here


below uh but well worth reading and he did an update a few years ago but the big picture message from his book has not yet played out so that's why it's still very well worth reading yeah it's actually more pertinent today than the day it was written wow wow so if you haven't read that give yourself a treat you can get it for free on our website here so on to quote of the day mike this is for mark twain whenever you find yourself on the side of the majority it is time to pause and reflect what do


you think of that yeah when um you know um in my the new book that i've been writing uh with you jeff one of the things that i said was that the that there's a difference between currency and money and that we all use money we have to start using proper definitions because you can't have a full understanding unless you're very careful with your language and you use proper definitions one of the attributes of money is that it must be a store of value currencies can't and so there's a


big difference here and i'm i'm hoping that all of the rest of the uh the pundits then and the authors and everybody that comments on this uh sector that they start using proper definitions but one other thing that i things that i said is that the day that the average person the man on the street understands the difference between currency and money is the day that the great opportunity of the great gold and silver rush of the 21st century will be over with and so when you find yourself on the side of the majority


it is time to stop and reflect and it's probably time to sell right and the majority clearly is not in gold and silver yet it's been wonderful this this short squeeze movement to get the get the word out and get the message out but still most people are in the mainstream are still in the stock market and that so not until they flood into or panic into gold and silver will we even begin to think about exiting the sector well mike thanks for joining me on this video uh if you haven't subscribed please


subscribe to our channel and hit that notification bell that helps uh might get the message out and get his education out so please do that for us so mike thanks for joining me and i'll see you probably tomorrow okay thank you jeff this was great