I think we're headed for some spectacular uh gains and it's going to be uh very similar to what we saw after the crisis of 2008 and this will be the uh third phase of the the Final Phase of this um bull market and like Dave Morgan uh always said 80% of the move comes in the last 20% of the time so we should really be seeing some fireworks happening hey it's Mike Maloney and I'm with Alan hiber once again Alan how are you doing I'm great Mike thanks how are you great and so we have had some pretty thrilling


past few days uh gold took off like a rocket last week and we had we did a video on Friday but earlier in the day and it was this great video but then gold broke into record highs and it negated the whole video but it was sort of predicting that gold would break into record highs based on some charting that I had done and so in that video I was presenting the charts to you so uh we're going to do sort of the same format this time uh with the update of where gold went over the weekend and the gold and


silver uh and so this is pretty spectacular so um you know we uh did the video on Friday and then gold hit these uh record highs back here and we had to just uh not use the video that we had done but then in overseas trading uh you know when the markets opened back up in early in overseas trading we hit 2144 now um typically when you're looking for a breakout uh you know I don't know if it's still the same but back you know when I was writing my first book back in 2005 six seven8 they used to say that


you if you get above a previous high of you get above it by 3% or so then it's like an absolute confirmation so every uh 20 bucks is um is 1% so you only need $60 over the previous High uh and we were at uh 2070 so 60 we far exceeded the 3% already so for a lot of technical traders this is absolute confirmation that uh the the previous highs that triple top that was in place has now been violated to the upside so very very positive strong bullish move you got anything to say on that Alan um no I


just I totally agree I mean this is overwhelming when it when it exceeds the previous High by this much it's it's really hard to claim that you know we're going anywhere other than up even further right well you know you weren't doing this back in 2011 we are now in territory as you're going to find this very exciting over the next several months here uh we are now in territory that we haven't been in since 201 11 well actually there was a a few um if I go to a Max chart here


um there were a few days right here where we got into so that was uh 2020 and you and I were working together uh but you weren't doing these videos but when you're in this territory you know here we have an inverse Head and Shoulders pattern back in uh 2008 and n and then it uh broke to the upside of that inverse Head and Shoulders pattern and typically the measured move is you take the neckline which is right there these are the uh the these are the two shoulders actually so the neckline would


be about there and the difference between the head and the neckline and you use that neckline like a hinge flip it upside down this it made its measured move but then it pulled back and did another in RSE head and shoulders and another move and it kept on going and it ended up being like four or five times the measured move well we have this inverse Head and Shoulders pattern here that it has just uh it it's broken out of the triple top and it's uh it's gone past the neckline of the inverse Head


and Shoulders pattern uh so we are in this clear air territory plus this giant cup and handle uh from you know uh you know goes back to 2012 but you could even say 2011 this giant cupen handle or pan and handle um which is also very bullish and I actually don't know what the measured move is on that if you take this and turn it upside down you're talking about some pretty spectacular Highs but let's uh so we were um back at I'm sorry back at the um the 5 day here uh and that 2144 uh High let's take a look at Silver


and uh silver was up at uh 2624 uh now they have they I don't know you know now we're referring to they as in uh the potential manipulators which you know there's a argument as to whether they exist or not but we do know that you know Gata for years and years and years was um always uh claiming that the precious metals markets are heavily manipulated and then on the so that Gata was gold and Ted Butler was like the leader on the silver side analyzing it and showing the evidence that and and he


would actually uh send letters off to the Commodities and Futures Trading commission the Attorney General the security an Exchange Commission uh claiming that there was this manipulation going on that they are ignoring and this needs to be investigated and he would supply all of the evidence and so now we have seen people go to jail for if for years and years and years no no no there's no manipulation oh you're manipulating jail time so we've seen some of the biggest fines uh in history and and these


manipulations turned out to be true well um the price of gold is back down at price of silver back down at 2489 right now uh price of gold uh 240 so it's Fallen a whole hundred bucks uh but you know I didn't put the um commitment of Traders report in here but when I was analyzing commitment of Traders over the past several weeks uh it was suggesting that gold now had room to fall uh but the upward pressure that is uh under the underlying fundamentals just show that uh gold and silver have


this tremendous support under them what's been interesting too and I'm sure you've been watching this you're a big Bitcoin fan uh is the tremendous correlation between precious metals and Bitcoin what have you got to say on that well actually yeah I've been analyzing the two and comparing them for seven or eight years um and uh the movements in Bitcoin and the movements in Gold are unbelievably similar they have the exact same shape and concavity so that's worth an entire video of its own um but yeah I


we will do for everybody in the future yeah definitely we'll do that um but yeah I look at Bitcoin as digital gold I know a lot of people try to debunk that narrative but I think they're so similar they have so many things in common not only the fundamentals but the technicals as well you know the way it moves on a on a chart so yeah I mean I'm just bullish all the way around for for all these things and Bitcoin has done a huge breakout now there it's it's uh back up in the 40,000 it it has re just like


gold uh well actually gold is in clear air now as far as the uh we we they've gotten it back down uh below that 21 44 High uh but Bitcoin has the high was in the 60,000 and that was in 2020 wasn't it yeah just shy of 70,000 like 69 depending on the exchange you look at yeah yeah and so we're at 42 or 44 where did it hit I saw it at 41 it may have hit a different number I actually I actually don't watch it that often believe it or not yeah yeah well you know after 20 years uh doing this uh I


uh don't watch the gold price every day people say what's the price of gold I don't know uh uh but it's we're in we're going into an area that's going to be pretty darn exciting I believe uh with these moves now F on Friday you and I did a video uh showing uh that uh you know we were waiting for a chart to um uh for it to do a breakout past that 272 uh high and we were looking at the daily and uh it hadn't and here again you very clearly see the cup and handle the


inverse Head and Shoulders the triple top which is normally a bearish sign unless it breaks to the upside then you've got one of the most bullish signs there is and we broke out to the upside on The Daily this was the the daily chart is the one that ruined the presentation and we couldn't release it uh but we we we made a very good very positive video about this one of the things that I uh had pointed out you know 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 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 I was doing I had put together a series of charts and was presenting them to you but back in the see the volatility of uh how much it can go up and down and up and down and since


this is a logarithmic chart um every inch change on this chart uh is the same percentage move as an inch change way up here and you can see these wild swings compared to the little tiny swings that we're getting now they're not you know they're it's like 10% of the volatility or something or 20% that we're experiencing today as compared to the early 70s but when you look at this bull market and people need to uh you know the the book is on amazon.com The Great gold and silver Rush of the 21st century


and one of the things that's in chapter 7even I believe it is um is which is the difference between the 70s bull market and today back here until the last day of 74 um this was just about 5% of the world's population it was Western Europe and Canada that could legally purchase uh gold and uh it the price was all driven by the London the The Exchange in London uh it was illegal for Americans to own gold until the first day of 1975 and illegal for for Australians until the first day of 1976


and so uh here it's about 10% of the world's population driving the price of gold well over this period of time here during this bare Market in Precious Metals we've gone from uh 10% of the world being able to legally buy or access I mean it was legal in South America and in Africa but there were no exchanges there were no precious metal stores there was nobody people were worried about how to you know how are they going to afford to eat tomorrow uh we had I mean there was um s Struthers


was this uh uh actress from mash and she was on these commercials all the time in the early 80s uh showing you all these starving kids in Africa the Caribbean South America Eastern Asia and uh uh you know there were literally kids St to death famine all over the world there were no billionaires in Africa or South America and so during this bull market there was this huge shift China which had famine and starvation going on on a regular basis uh you know Mao died back in here somewhere and they became a very


capitalist country it's a the the uh Communist Party only controls the commanding Heights the High Ground the biggest industries in China and everything else is the wild west of capitalism in China and their economy just turned on a dime and grew so big and now we've got the not just the Hong Kong exchange but the Shanghai Gold Exchange and there's exchanges in the US you know where the former USSR Russia has an exchange and gold is traded on it it's it's Global this time uh the


difference is that there are 18 times more people on the planet that can now legally access and buy precious metals and so uh I think part of what we're seeing is this support of the world creating there since this peak in Gold back here there is now 18 times more people that can legally access and purchase precious metals but there are also there's also 55 times more currency on the planet and there are 200 times more um billionaires 200 times more millionaires 22 times more billionaires than there


was back in 1980 and so this is just the beginning of this enormous slingshot move if you want to know more about this go to Amazon and get uh the great gold and silver Rush of the 21st century and read chapter 7 you will be amazed at the Time Magazine articles that I'm quoting showing the the Panic that was going on once uh gold broke it sat at $400 an ounce here for um uh November and December and then in in late December and through January made this move and uh it was literally a panic to by it was


fear of missing out for most but for a lot they were looking at the dollar wow it's just eight and a half years since it's been a fiat currency and it looked like the dollar could fail and if gold had continued its runaway it would have got any comments on on this the daily chart which had not when we did the last video it had not broken out into brand new highs and now it has yeah exactly last week we looked at five charts we looked at Daily weekly monthly quarterly and annual and four out of the five had


all set records but daily had not and now one extra data point DA has joined the other charts setting a record so I mean it's very exciting like to to just claim like all right you know we hit our Peak and now we're going down I mean that's just so ridiculous I mean that's just that just doesn't seem informed I don't know who could make that argument or or what kind of reasons they would give but because so many people were worried about buying at a high and you know what is the downside risk compared


to the upside potential and the downside risk for to me for gold is not much uh so yes that was that it was it was a shame it was a good video it was a shame almost that we set new record highs uh right after we produced that video we're seeing these record highs and it became uh negated so yeah this is um uh really something that is happening but I believe that this uh very very compressed volatility is because we have this uh tremendous upward pressure here building that is a support and it's


fundamental upward pressure how much currency exists on the planet how many people can buy uh the uh exchanges that are all around the world so that gold is really traded 24 hours a day pretty much now uh it's it's a completely different you know you you see people like right now uh you know I did some uh interviews with some real estate people and I was talking with a bunch of real estate people recently and uh we show that you know this time around back here Bonds were undervalued uh uh real estate was


undervalued by 1980 uh the stock market was tremendously undervalued because it from 1966 it bumped its head on a thousand points went sideways until 1982 and so it didn't break into new record highs until 1982 and so you didn't have uh the three main pillars of the economy the financial sector bonds the de the debt sector bonds and the uh the and real estate the three main pillars of the economy were not in massive World alltime in history record Bubbles and today they are uh the stock markets have


already been deflating and we'll see what happens when they start the next round of QE yeah because it's gonna happen they're gonna cut rates and quantitatively ease they call it yes yes and so here is the weekly for every and I want people to notice one thing too uh when you're looking at charts of gold a lot of people will present these historic charts where it's going way back uh very quickly just look at these two peaks here 1980 and late 80 or or early 81 whenever that was this deadcat


bounce I of of gold you know it it did this pullback um down to around the 400 and something area and then bounced up to like 650 so um uh and we go to the weekly very similar but when you go to the monthly you'll see that they're almost identical and so when you see that you know that you're looking at a monthly chart and you know that that's uh cons that that when you look at a monthly chart I can't remember uh what the high was in Gold but it's like 625 not 873 and so you're not looking at Gold's


full potential uh when you're talking about now 873 that was an intraday High uh but there was a close at 850 and if you'd gone with a weekly uh you'd probably would have been able to catch 800 or you know so it's it's it's not showing you when you look at a monthly chart and most of the ratio charts that other people do will be based on monthly data uh and what you and I do if we're if we we can only source monthly data to show the full potential we'll go in and insert the the uh daily


the uh close or the average for the daily on the highs and the lows to be able to show what the true potential the full swing is here because uh when you're just using the monthly you're truncating a whole lot and so these ratio charts s sort of like they're giving you sort of an average when you go with a monthly am I correct here yeah absolutely your spot on the monthly really Smooths it out so it doesn't look like much is happening and then when put in those daily moves you get the bigger


swings that are more more indicative of what actually happened yeah so I just wanted to show that to everybody so that they know what to watch for when they're looking at charts present especially the ratio charts and stuff that are put together by other people this is the quarterly and look at what it does to the uh the all-time high and the deadcat balance it combines them pretty much uh and then the annual and I just want to remind everybody that there is this saying in the in the in that Trader


among Traders the trend is your friend you've heard that before right yeah yeah so what is the trend here it's definitely up you know and I consider this one B one bull market uh and this just a correction in the middle of that bull market and even though it took close close to a decade this uh uh pullback that we had from uh 2011 uh to uh the year 2000 I guess 2019 or 2000 I I'm sorry 20 2020 or uh the year 2019 or 2020 um is to me it was a something difficult to wait through uh you know


I'm older uh so well got any comments on you you've already said your comments on the weekly monthly quarterly and yearly but the confirmation that we've got here um 2024 for in order to negate uh this even though we are seeing gold doing this pullback right now that they've managed to smash it down they it's going to be impossible for anybody trying to manipulate this to hold gold down for like a year and uh and so you got you know to to affect the monthly chart is going to be a very difficult thing uh so


oh this also shows the cup and handle and the inverse Head and Shoulders even on the quarterly so this is is it's like one confirmation after another confirmation after another confirmation all saying yes yes yes yes and yes right absolutely I mean I'd love to hear someone who's bearish on gold and hear their case and see their dat data because I don't know what they possibly could have right and so um what this does here we I've pointed this out ever since uh this the the uh third high on


this triple top happened I produced right away when it did a pullback from that uh when it made a triple top and did a pullback I produced an insiders video for the uh people that have made certain size purchases from gold silver.com they get to find out what I'm doing with my investments and then I keep them informed now and then on markets and I I I went wow this is going to make an inverse head and shoulders I made that video uh and I showed the pan and handle so that people could clearly


see it and or a cup and handle whatever when you you look at a very longterm chart looks like a little bit more like a cup and handle but if you do a shorter term chart it stretches this cup all the way across the and the handle gets very long so it looks more like a a cooking pan and handle uh but I also Drew and I this isn't the same uh drawing but I I drew a typical pattern is to um the measured move is you take the neckline of that head and shoulders and the size of the head and you use that neckline


like a hinge and you flip it upside down so this would give us that measured move of probably around the $2500 area and then some pullback and retest but it looks like we're already doing the retest we only went to 2144 and so if that's true we should be seeing 2500 and then some little Jag and then it's off to the you know you never know where the future is but when you incorporate this cup and handle and the head and shoulders ERS I think we're headed for some spectacular uh gains and


it's going to be uh very similar to what we saw after the crisis of 2008 and this will be the uh third phase of the the Final Phase of this um bull market and like Dave Morgan uh always said 80% of the move comes in the last 20% of the time so we should really be seeing some fireworks happening absolutely I couldn't agree more and I've been doing a sort of secret analysis on my own that I haven't shared with you yet Mike uh it's not quite ready to go but very soon I'd like to do a video on it and uh just


show kind of put some numbers behind how steep that bull market has been in the past and how steep it could be like right now very soon excellent I really look forward to that then this is awesome so I uh have you got anything else to say no that's it I just yeah stay tuned for more I can't wait to see what the future has yeah yeah yeah we've got a series of some pretty good videos coming up very shortly so I want to thank everybody for watching please like subscribe and smash that uh you know the


notification Bell as well and uh thank you very much Allan thanks Mike hi I just wanted to tell you about gold Silver's 111 ounce silver giveaway where you can win win win one11 one 1 oz silver bar one 10 oz silver bar and one 100 oz silver bar so enter today and win