you're putting the squeeze in the comex and that's what we want to do is drain the comex hi this is mike maloney and i'm joined once again by jeff clark and adam taggart jeff what have you got for us today hi mike uh yes we got lots of interesting things uh on the menu here today so adam thanks also for joining us thanks again for having me guys love being here all our regular segments plus a great meme of the day so stick around for that so we're gonna jump right in here and this first thing is our article of the


day and this is from craig hemke and it's an article titled a time to fight back and so the question here is there another silver squeeze perhaps coming on and he's talking about on may 1st he wants everyone to buy silver on that day which happens to be a weekend but that's what the gist of the article was about so mike what do you think maybe another silver squeeze coming uh well i hope so um you know one of the things that i read was saying you know when you've got somebody on the ropes that's not the


time to like back off and let them recover uh in a fight and they're treating this as a fight trying to end the manipulation by the commodities exchange and the big bullion banks and and they came close to doing it and there's lots of evidence uh that the uh lbma the london uh bullion market association and uh that this the squeeze that happened back in february came close to sort of breaking things and uh uh so this is a concerted effort to uh try and get a hundred thousand people to buy uh


100 ounces of physical silver and that's not very much just a hundred ounces you can get a hundred thousand people to do that and they're trying to get it to all happen on may first now may first is a saturday uh so um you know but the week leading up to that that's a good time for everybody to pile in and buy maybe i don't know uh you know i what i do know uh absolutely is that gold and silver have to catch up with the currency supplies and they will this stuff always works that works out it just takes time


so what do you think adam yeah i think a lot like you do mike um and i i really uh like that analogy about having your boxing opponent there on the ropes you know that's not the time to let up that's the time to lean in and uh i did note that uh economist john adams said that uh 35 million troy ounces of silver have left the comex uh depository warehouses since the initial silver squeeze started so you know the point there is that uh physical supply is being drained from the comex vaults this


movement is working you know again this is the time to really lean in yeah you know i've got one more thing to say here uh a couple of weeks back we introduced insta vault which is a fractional ownership of the big thought we buy the least expensive silver we can possibly buy and then the price difference i mean if you look at the difference per ounce between silver eagles and this insta vault silver and you know so you're getting real physical silver you're just only a fraction of a 1 000 ounce commodities


exchange bar if people buy stuff like that you know here what we do is we're taking that out of commodities exchange vaults and putting in uh non-commodities exchange vaults and so it's being pulled off of the comex you own it it's allocated to you and so by buying products like this you're putting the squeeze in the comex and that's what we want to do is drain the comex this is one way of buying a hundred ounces at a time or 10 ounces or 500 ounces but you're actually taking bars of thousand


thousand ounce bars of silver out of the comex vaults and causing the squeeze against the paper shorts uh buying hundred ounce bars or eagles or rounds or something like that does contribute because to make those they've got to melt thousand ounce bars and so that does take thousand ounce bars but it's not as direct it doesn't happen like right now if if this is an organized squeeze you want to buy things where you're guaranteed that it's physical silver and that only you own it


and uh you know this is in a in a brink's vault uh it's not in your possession if you want hundred ounce bars and stuff that's a great way to contribute to the squeeze but they're trying to get this to all happen uh in a very very short time period to cause the shorts to have to cover when the shorts cover the price explodes so this could happen but the best way to do it is to uh to basically participate in thousand ounce bars that are being being pulled out of the commodities exchanges


great and jeff i'm sorry if there's one thing i could add to what mike said just on the price action you know we've been watching the price of the precious metals um you know trickle down over the past couple of months and uh over the past couple of weeks it really seems like it has started to firm up so i just wanted to you know direct attention to folks here who've been asking hey when are the precious metals going to bottom it's looking like they might have put in their bottom uh in the end of


march and since then gold's up 100 bucks an ounce and silver's up ten percent um so you know technically things are looking quite promising and then of course if we have people lead in to a squeeze like this you know who knows what could happen um i also just want to note too i saw today that that dan tapiaro who's a a very well known hedge funder uh he just was commenting that he sees silver well petitioned well positioned to quote explode higher from here especially if it give gets above the 30 an ounce price and


again who knows what's going to happen on may 1st but buying pressure like that might be enough to ignite the price above 30 bucks and then maybe dan's prediction kicks in yes very good i have to say i really like that instavault program that you started there mike it's it's awesome it's a great way to to to buy ounces and at very low premiums then you can worry about conversion later so and it will be open on saturday may 1st if you want to participate well on a related note guys uh this is


the tweet of the day and it's from our friend james anderson and he includes a clip here of the new cftc commissioner commenting on the silver market and he says james says here the head of the cftc on how the comic silver market had the quote market structure to quote tamp down what could have been a much worse situation in the silver market and he actually i watched the clip and you can watch it if you want he actually says there that uh we have the tools to control volatility and price so i was quite


amazed at him actually saying this mike what was your reaction to this clip from uh the cftc commissioner that james posted uh well first of all uh i know james quite well uh i uh hired him and he became general manager of goldsilver.com years ago his first job in this sector uh was uh was with me so um james and i are good friends from for a long time uh and but the interesting part it says to tamp down what could have been a much worse situation in the silver market and that relates to the last story of


having them on the ropes i mean it this the silver squeeze movement uh that really got very very close to achieving its goal so uh the the reddit crowd uh the wall street silver crowd uh they need to come back and do this again because they've all they're in a weakened position now and uh this this is rather exciting to see actually but to me out of this whole thing and listening uh to him to damp down what could have been a much worse situation in the silver market well hopefully that from his perspective that


much worse situation is going to come true shortly hey the only thing i'll add to what mike said is um you know a fair amount of outrage too uh you know in the video he talks a lot about um sort of taking pride in the transparency uh and uh you know the fairness of the current system and there he is admitting to stepping in to tamp down you know it's what's the natural price discovery that's been trying to happen in the market so um i hope mike is right and that um you know those efforts are really just a sign of


of desperation when things start getting out of their hands and who knows hopefully maybe on may 1st uh he's not able to tamp them down anymore right exactly we'll see it's pretty exciting like you guys say so well if you're liking this video please hit that like button for us down below and also hit the subscribe button so on to chart of the day and i actually have two charts for you guys and these are basically swiss exports or imports into other countries and this first one is the


swiss exports uh into india so it's india's imports of gold and you can see this is through march now that it hit almost all-time highs the amount of gold that was imported into india there's quite a rebound going on in there and then the other chart is swiss exports into the us it's u.s imports and look at that at the end of the year they were the highest ever that we've ever seen in terms of the amount of gold bullion physical metal coming from switzerland into the u.s so mike what do you make of this uh it's


amazing and you know it's i i do think that a lot of people are getting prepared for uh something bad in uh an upcoming video we really should do something about showing how just how overvalued the markets are because of all this federal reserve pumping and you you can pump things up just like blowing up a balloon but if you keep on blowing it's going to burst someday and that's what's going to happen with the markets uh and so i believe that there's a lot of people and some very wealthy people uh starting


to get prepared for what what i am absolutely certain is coming uh what's your take on it adam well it's exactly the same mike as you know over at wealthy on that's sort of my day job as i talk to money managers investors et cetera who are you know managing large amounts of money and trying to figure out what to do with it and um the folks that i talk to who are more of the independent people are confirming exactly what you've said where you know in the industry everybody running a big fund is um


you know beating their chests about the story stocks that they're holding in those funds the tesla's you know the the stocks that get a lot of headline attention um but this is a classic example of don't look at what they say look at what they do they don't talk up a big game about gold but they're out there actually buying it for the reasons that you mentioned so um uh you know the folks that i talk to um are much more forthright about saying hey you know this is actually this market is so


overvalued the really responsible money manager really needs to be moving to liquidity and being positioned to you know step out of the path of becoming uh deflationary drop in the markets and then reposition their assets at better valuations going forward but when asked what to hold now one of the very few sort of universal answers i'm getting from the independent folks at least is get yourself some gold and i think these this data here is supportive of that yeah yes very good well on to some uh


viewer feedback and this first one is from vk travelogue and they say i counted about 21 container ships off the coast on sunday we believe this is referring to the los angeles area so uh and this other one is from dolly martin the cost for 40-foot containers was six thousand dollars this time last year it went to 7 500 by the end of 2020 and now shippers are built bidding up the price and putting surcharges of over five thousand dollars on them you can expect to pay twelve thousand five hundred dollars


for a forty foot container to get a spot on the vessel so these two tweets are obviously this viewer feedback i should say is referring to not just the amount of container ships that are uh flooding the area but also the cost of those container ships so mike what's your reaction to this kind of trend that's underway well uh you know prices are a function of velocity times quantity and we've seen an increase in the quantity of currency uh that you know it's it's very similar to what the weimar republic was doing


and zimbabwe and venezuela and we've done this in the western countries but velocity was slowing during this time period because of the pandemic because of a lot of uh uncertainty and and anxiety and as that anxiety gets lifted and that currency comes out of hiding and that is what's happening now people there's there's high demand for consumer goods uh and all of you know one of the things that we talked about jeff in our last video was uh these all the ships that were offshore waiting to unload in los


angeles but also the shipping rates uh coming from asia to the united states versus going back it was only like 620 or something to buy a container going back to asia because they're all empty they're just desperate to try and fill them and so it's very interesting we print all of this stimulus currency diluting the currency supply and basically creating a tax on all of us and then that stimulus ends up going to china so there the government is actually helping china more than it's helping


the united states ultimately i mean that's where it ends up what's your take adam um so on top of what you said mike i would add also um this is definitely uh you know a surf fit of stimulus right this is just way too much new a new currency out there uh in the markets trying to find a home but it also is supply and demand when i interviewed steven jacobson a few months ago he talked about how the digital economy has become so successful that it is now running into constraints in the physical world


that our physical infrastructure isn't large enough to to keep up with the the growing demand that the the the real products that are being sold by a lot of you know the e-commerce uh platforms and whatnot are selling and the reason why i want to hammer home on this is because i think this our shipping fleets are a great example of this um we are having these traffic jams we are having these backups we are having this lack of containers that are driving these prices through the roof and and i think this


underscore is a point that you and i and jeff make pretty regularly on this this program which is we are entering a future where too much currency is going to be increasingly competing for too few real things and i think it's a very fun fundamental underlying reason why owning you know physical bullion uh makes so much sense going forward because there only is a finite amount out there there's only a you know a finite amount they can take out of the ground each year but the currency supply is


increasing at such a much greater rate that at some point like you said earlier in this video mike there's going to have to be a price to up and that's going to be at this point i think pretty extreme yeah what i find is uh interesting too is is you know when a top spins at first it's it's very very stable and then it makes a little wobble and then it starts another wobble and then it goes into procession it gets bigger and bigger and bigger and tips over i really do you know in my


book i said there would be uh the threat of deflation followed by an overreaction by the federal reserve which would cause a a threat of deflation which would cause a reflation from their reaction and then real deflation and then potentially hyper either big inflation or hyperinflation after that but it's looking like it's going to be this like up and down zigzag markets crash banks stop lending the fed overreacts and pumps the markets uh uh and we're seeing just this bizarre but eventually it's all


quantity times velocity is what's going to determine the prices uh so into that point mike's heart interrupt but but these shipping fleets parked offshore are a great visualization of the velocity you're talking about the volatility you're talking about because we saw the exact same pictures a year ago of fleets of tankers that were parked empty because there wasn't demand at that point nobody was sending things back and forth from countries because we were in this deflationary period


you know a year ago when the world basically stopped to the coronavirus now we're seeing the exact same pictures of parking lots of ships trying to get into a port in a traffic jam and it's just it's so interesting that that both visuals are nearly identical but they are examples of opposite polar ends of this uh this you know wobbling high demand yeah the supply demand extremes right yeah well yeah good observation evan let's see if we can uh sneak in some more viewer feedback real quick


mike i think you'll have a comment on this this is from eric andre hegna if i'm saying it right eric hey mike great gun content as always is it possible to make another video about market cycles i really love that last one i want to understand deeper how the market cycles and risk gains correspond well uh you know to address the uh last portion of that statement your risk is the least when you're buying something that's severely undervalued uh it's when you buy into something that's already had


a huge run that you're also buying a lot of risk but uh to understand this uh you know you can look at my wealth cycles video we'll put a link up to that so for anybody that hasn't seen that where you're comparing different asset classes and you divide one asset into another asset and you're eliminating the currency if you want to know how many barrels of oil your house is worth or how many ounces of gold the dow jones industrial average is worth then you're getting a true picture of what


value is not price because price means nothing value is everything that was a whole chapter in my book and uh there's i'm going to be doing a lot more on it i don't have anything uh for publication right away but there will be a whole lot more because i've taken a lot deeper dive into this subject and i've gone back about to the year 1900 basically what you see is pretty much everything if you're measuring one thing against another and you're you eliminate currency in current with currency that thing is


constantly going up in price it it never stops but when you measure your house in barrels of oil or ounces of gold or you know whatever shares of the dow how how many shares of the dow does it take to buy your house what you discover is that everything goes up and down in this valuation channel i call it and the other asset is doing a mirror image the exact opposite wave and this is a great way of determining what is the most undervalued asset and that will be coming out later but for anybody that hasn't seen it


watch my video on wealth cycles we'll put a link down below this video good adam any quick comment on market cycles um just in this case just reiterating mike um hey i think it's a great video go watch it but um again my day job is talking to people that are trying to invest in this environment and i will tell you it is becoming almost unanimous to these independent investors that i talked to that this is a time for battening down the hatches they see the risk of a potential market correction um


as being unacceptably high at this point in time i guess that's all i can really add here yeah good point well mike one more comment i want to read to you from a reader the spiritual douchebag he calls himself mike i just want you to know i have been watching you for years you've given me a true education you have changed my life for the better forever and for free i have no debts and i am watching my investments grow i just got my first porsche a dream i've had for many years and it's largely thanks to the concepts


you teach in your financial philosophy when i buy gold or silver your site is always the first place i check thank you sir from the bottom of my heart that's going to make you feel pretty good on mike yes it does and i want to thank the douchebag for that this this is wonderful uh and you know that's the reason i started goldsilver.com uh was to support all of the education i wanted to do things like hidden secrets of money and so on uh congratulations on the porsche and uh you know uh keep it up


this is very rewarding to see yes and i think uh a lot more people are gonna have that kind of experience and what we think is ahead huh so well on to our meme of the day uh and before i read that though or before mike reads that uh just real quick you can get his book for free the link is below if you've not read it and also sign up for adam's new wealthy on channel some very exciting stuff coming on there and uh the link for that is also just below so mike uh what's our meme of the day here


uh it's currency wars are we winning and it's hilarious because we're throwing gold at china and china is throwing our own dollars back at us and that's really exactly what's happening uh you know we showed one of the charts of the day was uh the buying in india the exports from uh switzerland to india and uh china is uh currently one of the largest buyers in the world and they're also the largest producer in the world so not only are they keeping all of their own gold they're uh


bringing in more of it they're very long-term thinkers and uh and and so they're getting ready for the end game of all of this and the end game isn't holding a lot of dollars so i want to thank everybody for watching we'll see you next time thank you jeff thank you adam take care guys see you next week guys