Silver.
They've blown off way back in the late 1800s.
So if we, the people took over the silver market rather than the
bullion Banks basically control the why the share of it, we would have
real power in our hand.
They have sold off.
I think silver is off like 16 days in a row.
I don't know if that's a record or not.
Sounds like it could be and it's the everything bubble has popped
except gold and silver really haven't been in the bubble at all.
They're both very undervalued.
But in any of these big sell-off stock market, the metals could
hammered.
All right, along with it.
And the reason,
And being as if there's a lot of Leverage throughout the system and
people that hold gold positions at the professional level, like the
money managers, Pension funds, that type of thing will sell off their
paper gold or ETFs.
Maybe they're mining shares or anything to make a meet their margin
calls or that kind of thing, but a lot of selling and because both of
the metals trade on a
You know, exchange that's leveraged highly in the Futures markets.
It's actually a different animal than the stock market and The
Leverage is Extreme, and because of that, there's a lot of stops in
other words.
They position that's open for, let's say, oh $22, silver something and
the price goes up an app.
And as that happens, the holder of the contracts will set a stop
limit.
Meaning if you hit this price, sell me out.
I want to block in my
Off at, or I'm willing to take this big of a loss for no more.
So, especially in the Futures Market selling to get selling.
So tends to be Extremes.
In other words, the sell-off because of the Leverage is greater than
it might have been if it's a cash-only market.
Having said all that 2150 was the key and we did breach it.
And right now as we're doing the interview silver is up over 2% up,
almost fifty cents, which on a percentage basis.
It is about three or four times.
What gold is up today?
The only other metal that's beating silver on a percentage basis days.
Palladium.
I don't know if we're going to be able to say this is the bottom
Elijah and fact kind of doubt it.
I don't know where the bottom is.
Exactly.
I know.
We're certainly close enough to begin to get into the metals.
In other words, you know, I wouldn't be afraid to buy here, but I
wouldn't like load up.
I was start to what we call nibble and I look
Some situations.
I'll be doing an update from my paid members probably later today or
tomorrow.
If there are techniques you can use at as you're nearing the bottom
that are pretty favorable for risk-reward and also be able to bank
some
Media cache and I'll say that for later.
I think it's similar 2008.
I just finished with the mif.
The metals investors Forum.
I was when Keynotes and I explained that the sell-off looks bad, feels
bad.
Unexpected to some, everyone in those goals negatively correlated to
the stock market thinks that.
That means as soon as stocks go down, gold goes up.
That's not how it works.
But I pointed out that it's sold off a lot less than it did.
In the 2008 crisis.
Silver sold off a lot last.
Now, that's sort of implying.
This is the bottom.
And again, I don't think it is but he's close enough to make that
summary that the metals are stronger.
This time in what I think is going to be a more harsh downturn than we
saw in 2018, $18 is really the lots of support at that level.
So, you know, it's a couple dollars from here and I don't like to say,
But you know, facts are what they are and that's the major support
City.
Now has four gold.
I know that it did this morning actually fall below 1800 but it seems
like that's a pretty pretty good support right there.
Are there any other levels you're looking for in Gold?
Yeah, 1780 and gold did get under the 200-day moving average or pretty
sure if that's true.
Then that pretends more, weakness ahead.
I think the ultimate low and gold could be.
In the 1700s somewhere.
I mean I've had some of the analysts that I you know, respect a great
deal already been saying 1680, but let me just put that in a reference
point wise you during the 2008 crisis.
We went from roughly 10 50 down to seven.
It's about a 30% move down and gold and gold and silver were the first
to recover and from that bottom, gold, doubled more than doubled.
And from that bottom and silver, which you went from 21 down about
nine.
Up fivefold.
So that suggests that going forward, after gold and silver catch a bid
and the metals move up while the stock markets moving down.
I expect actually better results in that not like overnight, but I
think you can think about what it did.
And again, we're probably in a worst crisis.
So we were in 2008, So within that context with buying.
So even if you take 1700 from, you know, 27
He was the highest so far.
So 300 points on two thousand are looking at what some around 15% or
something.
Along those lines may be half as bad as it was during the last one and
getting this shows, you know, in other words are stronger under
harsher conditions, which is exactly what I would expect that show us.
So it's not on the gets even a convoluted way to look at.
I think it's actually a because I'm saying
Things, an act.
Way to look at it, like, well, it's week.
Okay, how weak relative to what it did in the past?
How weak relative to what it could do excetera.
So I wish it was going straight up.
I wish it was opposite the stock market right now, but that's how
markets work and remember major moves climb what we call the wall of
worry.
And there's a lot of worried precious, metals investors out there,
which psychologically is actually
Something that I'm not afraid to talk about and I think is probably
quote unquote normal because when you have something that's at the
truest head, you can have against all the financial markets, or
currencies, the currency war that we're having with the other nation
states.
There's a lot to digest and yet gold over the longer term silver as
well.
I've usually proven to to shine, and I think that's ahead but not
immediate.
I think the best way is
You know, change the Currency, Change the World.
I got that from True stream media.
I think it's Aaron and Melissa Dykes if I have it, right?
I'll shout out to them.
They do wonderful work.
Make some very, very good documentaries.
And I believe that was their catchphrase.
You don't change a currency, change the world.
Every basically, as I've said, so many times money is power.
And with that power, you can control things and that's how they they
the bankers primarily control the polyp.
Typical class the healthcare system and everything that falls
underneath.
So if we have the power being real money, we have a lot more power and
it's almost impossible for.
We, the people of the world to take over the gold market over half.
The gold is already held by the banking authorities, as a reserve
asset, as their go-to last resort.
I'm at a place in the world where they have gold as the money, the
ultimate money, The Hitching Post of the monetary universe is gold and
they know it and have it silver.
They've blown off way back in the late 1800s.
So if we, the people took over the silver market rather than the
bullion Banks basically control the Lion's Share of it, we would have
real power in our hands.
And is it that simple?
Of course it is.
I mean, I'm not trying to make light of the problem that way.
We have well, I am suggesting is that you have a way out.
It's not violent.
It's easy to vote.
You don't have to do with your life savings.
All you have to do is take a little bit.
I recommend 10% I've had for years and take that put it into a hard
asset like silver or gold or both and just don't worry about it.
If you buy the right amount of sleep.
Very well.
It's people that learn the story understand, it understand the banking
system is basically a criminal cartel.
L and all the stuff that we talked about for years and they get
overexcited and they shocked.
Get even with them.
And I'm going to do really well and come out the other side better
than ever and they buy too much or the binder wrong kind or they do it
on a motion.
But if just enough people came into the silver market, particularly,
we would have a lot of power in our hands.
And what's interesting about that comment is the silver Institute.
Just put out their new annual report, World silver survey and the
retail Market set a biggest amount of silver bought by investors in
several.
Here's some around, I do it from memory lies to me.
262 million ounces of silver was bought in the retail market last
year.
That's a pretty good amount.
But if you take it into dollar terms, it's laughable compared to what
the market cap of Tesla or Amazon, or any of these Fang stocks are
work, but nonetheless, there are some smart people out there buying
the president.