I'm very bullish on silver.
Silver should be 43 bucks amounts, based on the last two hundred years
worth of try, Sam.
You know, I started doing this in 1990 and you would have an event
every so often maybe one or two a year, not one or two a day or one or
two a week, and that's really what's different.
I think people are becoming anesthetized or just the overloaded with
so much so many things that keep happening that used to be so
significant.
And now it's just part of the fabric of today's society and it's
challenging to deal with sometimes and overload.
The massive amount of you know Sensation that you're getting it over
stimulus and yeah taking a step back and trying to take a look at the
big picture is what I try to do.
That's my role.
As being a commentator in this space, is the macro perspective and
because if you focus on the micro, you're going to go crazy, this has
been the year of the Ukraine.
Obviously from a standpoint of how I viewed it.
To me.
Everyone's been focusing on the Ukraine been focusing on things that
in my mind, have had less significance on the macro perspective.
Than the things that I have been focusing on kind of under the surface
than the periphery and that is the the brics Nations and the way that
they're all Gathering Together little by little every single day, a
piece of this narrative that we talked about last time we were
together and something that I've been focusing on really for the last
couple of years.
So look to me, this is obviously been the year of
Ukrainian and I understand that.
But for me the significance of what has been happening at least from
where I sit.
There have been two things.
One, the massive draw down off the comex in the London Metal Exchange.
We have seen a precipitous and and very methodical drawdown of
inventory from the lme and from the comex and it's been Relentless
that to me is probably the most
significant thing in terms of price action because I would say to you
Kai that
The manipulation on comex, the, the suppression of the paper price and
the rhetoric that we see being well, you know, with 40-year high
inflation and wore gold, and silver should be should be stronger.
Well, that's all to me rhetoric that is being betrayed by a drawdown
of Supply off of the exchanges.
That is so extraordinary that it has to be addressed.
Because one of the things that's most important to understand is that
when the metal leaves, the comex ecosystem, or leaves the London,
Metal Exchange ecosystem, the liquidity is severely seven because in
order to get it back into the net system to where you could have
industrial liquidity, where Elon Musk says hey I'll pay forty dollar
premium for every ounce of silver that people have on Thousand ounce
bars.
I'm going
people are going to snap that up like that.
Well, if you're outside the ecosystem you're done to get it back in to
get it re acid.
It would take a long time and would cost a fortune.
So when we see all this metal leaving the comex and leaving the London
Metal Exchange, which I know will touch on here in a moment where it's
going, it's significant, it's a one-way ticket.
That's number one.
Number two, the Gathering of these countries.
On the world, whether it be the Belt Road initiative.
The Shanghai cooperation organisation, or most relevant to me the
brics Nations and all of the countries that are joining together here.
Again, we are being misdirected into looking at what the Federal
Reserve hasn't done or what they intend to do.
We are being misdirected into looking at things like, like the
January, 6th committee and all of this noise.
And all of this nonsense when 80% of the world's population is forming
a coalition and the significance that that's going to have.
I think to the Western world is really topic number one and I guess to
me this year has been filled with a lot of white noise and and that
white noise is very distracting.
So, look, the biggest money in the world.
Kai is draining the exchanges of
Just metals, and there's a lot I could say about that.
But that to me has been the most intriguing thing.
Everything else around to me is been a distraction.
And I think that's the path that I choose to follow right now.
We have eligible, we have registered registered of the bars that can
be delivered in silver.
It's roughly 33 million ounces against a backdrop of demand in the
world that right now will exceed
1 billion ounces this year.
According to the silver Institute, we will be in a deficit of
somewhere in the neighborhood of I don't have 200 million ounces.
So when you realize that there's just a tiny tiny bit of silver held
in the registered category, comparison to the amount of demand and or
accumulation by countries, like India, or an expansion in green and
digital applications.
Something is about to break.
And more importantly, than all of this is the
Some drawdown.
We're seeing on the lme.
They have the lowest the lowest amount of silver that they've ever had
since they started keeping records.
So this is not just a centered here in the comex.
Bottom line is simply this from the very top on down the most,
sophisticated, well-funded and well-informed Traders are very quietly,
exiting stage left and I want you to understand that when you exit
stage left, you have substantially diminished your liquidity.
Unless you don't care unless you're just bye.
Bye, I'm going somewhere else and I ain't never looking back and
that's what I want to take away.
Here is what I want people to understand the sophisticated money.
The people closest to the information.
And with the biggest pocketbooks they're running and they're doing it
before anyone else catches on because everyone else is being
misdirected by the price.
And if you don't think the price suppression and misdirection is very
pervasive in
And send, you haven't studied enough, and the biggest money in the
world is trying to throw everyone off, everyone else off the scent and
and keep them from being traded out of what they're trying to do and
that is to reposition outside the dollar into a Zoltan pose.
Our calls it, a new era dominated by Commodities and gold and silver
to me aren't just Commodities their money, their wealth.
Yeah, I am very bullish on Silver and I think that, you know, $30
Dollars to me seems still relatively low look the ratio between gold
and silver over the last 200 years.
On average has been 42 21, price-wise geologically 16 to 1 and now
it's seven to one.
So if you take just take eighteen hundred dollar gold and / by 42.
You know what, what do you get if you get eighteen hundred divided by
42, that's 43 bucks an hour.
Silver should be 43 bucks an ounce based on the last two hundred years
worth of price a period and that's still cheap you divide it by 7,
what is coming out of the ground at that's $257?
And I'm not saying that's going to happen, kind of what I am saying is
this at what point does, what is available to be brought to public to
be pulled out of the ground?
At what point does that have to sort of aligned with the demand and
with the price?
And, you know, here,
Again, suppression of the paper markets, has created distortions and
and miss allocations.
And this is what's throwing people off the scent and maybe this is why
we are seeing the smartest money in the world.
Methodically drawdown, the largest supplies of silver in the world
before the herd or the elephant wakes up to what the hell's going on
and they will have already been repositioned sitting on the deck
chairs.
Having a beer when everyone else is the scurrying to put a life
jacket.