Transcription
We are living through truly historic times, and it all has to do with silver and gold. The stories I'm going to share with you today will leave you startled and rattled. We're going to talk about the three richest countries in the world, the three richest and what they are doing with silver and gold and why that is so important. We're going to talk about why things really right now, congratulations basement dwellers, can only get better. The ComX. Yes, the Electron Exchange, is it in trouble? And we're gonna start with silver being the most undervalued asset on the face of the earth. And we're going to go straight to Elon Musk and SpaceX to find out why our friends at the Silver Academy shared this over the weekend.
The $2 trillion delusion. Elon Musk has been crowned the first trillionaire on tech hype. Yet his entire empire collapses without a metal, silver, that Wall Street values at pennies. Uh, a 2.2, 2.1 trillion SpaceX dwarfs the 45 billion silver mining sector, meaning the entire global supply chain powering Musk's empire, that would be silver, is valued at just 2% of this single tech company. Clown world. And if you need a visual, there it is right there. You might need to put your glasses on like I do because you may not be able to see this over here. This is the total combined silver mining sector. That little tiny gray area down there. This is just one company in the tech sector. I think it's fair to say that Elon Musk is, uh, is addicted to silver. All right. Now, let's go down here. One more point. Uh, the ultimate irony. Elon Musk becomes the world's first trillionaire on overhyped tech values. Yet his empire, Tesla, EVs, you know what's coming with the EV, solid state batteries, solar, you know how much silver goes into solar, and SpaceX makes him the single most silver dependent. Could we say? I think, uh, we may need to send Elon to Silver Anonymous. Uh, he's a silver addict human alive. You truly can't make this up. Let the absurdity of that sink in. The entire financial elite value a single speculative aerospace company at over 40 times the entire global apparatus required to mine the very element that would be silver that makes this existence even possible.
Now it gets even more interesting, guys, when we go out here and look at the actual metal. Okay, these are the world's most valuable assets by market cap, right? Gold, the king, granddaddy of them all at almost 27 trillion. But then you have Nvidia, Apple, Alphabet, right? All above 4 trillion. They put silver on here. This is, this is physical silver, not the mining companies, at 3.7 trillion. But you know what? That calculates that number based on all the silver that has ever been mined in the history of the world. And most of the silver that's been mined has been eaten up by, uh, by industry, lost, whatever. Based upon the exhaustive research that I was able to do for you, what I learned is that according to Google, there's only 2.5 billion ounces of silver in coin and bar form that are above ground right now. Two. And I thought, well, that seems like a lot, but that's really, that's like three years of mining supply. Okay? And you know about the deficit in silver, and you know, right, that the amount of silver being mined is going down. So whether we're going to look, whether we're going to compare SpaceX right to, um, to the total mining sector, or if we even compare it to the physical metal, it's astounding. Okay, they're ignoring the fact right now. They'll wake up and I think that'll be, uh, we'll, we will be ready. It'll be a much brighter day for silver investors. They are going to wake up and we know that Elon Musk has previously, back in December, when silver was really taking off, he tweeted, like, this is a problem, this is scary. Okay, they know it's coming and it's going to happen.
Let's go to the Comex. The Comex in trouble? The electronic exchange that, that, um, all the paper and digital silver and gold that's traded in the world. We're going to start with the big picture because this is interesting and then look at some data about activity and, and inventory levels at the Comex. But get a load of this, guys. I think this has a lot to do with what we can expect in the future with silver and gold. The CME, uh, the Chicago Mercantile Exchange, they own the Comex, is now set to offer 24/7 gold and oil trading. We're focused on the gold. The world's largest derivatives exchange announced Thursday evening that it would launch a smaller oil futures contract that will trade through the weekend along with its relatively new 1 gold contract. There's there, but wait, there's more. The shift to 24/7 trading comes as both gold and oil have seen extreme volatility during the Asian markets open on Sundays. Yeah, we've experienced that. Uh, this is the first opportunity traders have as they react to events and news announced during the weekend, right? Because the Comex was only trading the 1 contract. Here's a couple of interesting things. It's also cash settled. Okay, so this is the 1 ounce gold contract. But I started thinking about it. I thought, well, now, right, the Comex and the CME group, they're going to be able to manipulate the gold price and silver will be next. Just be prepared, right? These guys have manipulated the price of those metals. Now they can manipulate gold seven days a week, 24/7. Okay.
But what's interesting are some big changes, big trends that we're seeing at the Comex when it comes to the metals. First, we're going to look at activity that's measured by open interest. And this is fascinating. Is the Comex in trouble? Because King World News has a headline: "Capitulation: Silver Open Interest Has Broken Below 2020 and 2013 Lows." Okay, first, we're going to go all the way down here. I did all the research for us so we can get to the important part. Here we go. We're going to talk about gold. All right, gold's open interest. And gold's the granddaddy. Don't worry, we're going to get to silver, but gold's open interest on Comex remains very low. Look at this chart. Okay, guys. The yellow line, let's get that up there. That yellow line that you see, follow my cursor. That's the gold price going up and up. The blue line is the open interest. Look at how it has absolutely cratered as of late. But how, what can we, what can we decipher as we look at this data? They say this indicates that speculative interest diminished as the price rose above $3,000 in 2025. And the same is true now for silver. And we're going to look at silver. The rise in gold's paper price has been driven by underlying physical demand from central banks, Asia, particularly China, and to a lesser extent, perhaps India. So this rise in price that we saw right here in the gold price, right, starting around 2025, was not driven by paper because the amount of paper contracts, the amount of open interest and activity has gone down. This rise was driven by the big P, baby, physical demand.
Now, what about silver? Uh, that shows ETF flows. That's not all right. What we're interested in right here. While investor sentiment in silver is now at rock bottom, which is a good thing because it can only get better. And we're going to look at sentiment even more, guys. Things can only get better. Okay, silver sentiment at rock bottom. The story here is potentially explosive. First, we look at Comex's open interest. And look at this, guys. Okay, this shows again, the light blue line on this chart is the price of silver. Woo! We know right from the last year, year and a half, gone basically uppidity, uppidity, uppidity, right? The dark line is the amount of open interest. Look at this, right? It has absolutely collapsed. So as the price of silver went up, the amount of activity at the Comex literally cratered. That tells us, just like gold, this price increase was not driven by paper. The price increase was driven by physical demand. Keith Neumeyer, the CEO, or ex-CEO, founder of First Majestic Silver, said it. I heard him say it six months ago, eight months ago. The guy, he's like the one of the kings, the royalty of precious metals. He said the rally in the silver price, what's different this time is that it's physically driven. We've got companies in Asia getting in direct contact with silver miners in Mexico saying, "Hey, can you avoid the Comex and can we buy silver directly from you?" We are living through absolutely historic times.
But let's talk about this with silver. Silver open interest is lower than October 2013 and even more so lower than it was in April of 2020 when silver began its current bull market from below $12. This chart alone suggests that silver's downside is absolutely extremely limited. But wait, there's more. Man, I almost forgot. Guys, you want more good news, right? And then we're going to talk about how things will only get better. And then we're going to talk about the three richest countries in the world. You always want to follow what the rich people are doing. But there's more about the Comex because while we can talk about them now putting in 24/7 trading, so maybe they can, you know, affect the price 24 hours a day, seven days a week. When we talk about the fact that their activity, open interest is crashing. What about the inventories? What about the actual silver that's out there backing up all this paper make-believe, uh, uh, uh, contracts that they write? Oliver Gross, right? This comes from mining.com. "Silver inventories at the world's two largest bullion trading hubs have fallen sharply from pandemic-era peaks, underscoring a sustained drawdown in visible stocks even as definitions of available supply diverge across markets." And here's the data. See if I can get this up for you a little bit bigger. Yeah, at the CME, at the Comex in New York, registered silver inventories, that's metal that's eligible, that's the registered, okay, that metal that's eligible for delivery against futures contracts, stood at about 80 million ounces in midday, down more than 75% from 2020 highs. In London, the LBMA reported vault holdings totaling 27,000 tons, roughly 880 million ounces at the end of April. That also was about 20% below the record, uh, 34,000 tons set in April 2021. There's been drawdowns reinforced a broader narrative of tightening supply in the physical market absolutely taking over. Is the Comex gonna go out of business next week? It could, but very highly unlikely. They've been professionals at extending this paper market on and on and on. Is the Comex in trouble? Yes. Is physical demand for the metals taking over from the paper market? Yes. You know the story with Asia, with India? It's happening. We're living through it right now.
But at the same time, oh wait, guys, I forgot to say number one, thank you for being here. Upstairs, Susie and I were talking last night. We care about you. So thank you for being a basement dweller. We believe in the future of gold and silver because we understand basic mathematics and we can look at history. Uh, please subscribe to the channel, give the video a thumbs up, and guys, things can only get better from here. Wait till you get a hold of this. Sentiment has never been lower, and we're happy about that because that gives us a huge runway for advancement. But let's look at some interesting data now that everybody is talking about. Uh, this comes from Ahead of the Herd. We also talk, we often talk about most people out there, the 98% of people, uh, who are part of the herd of sheep that don't understand precious metals. We like to affectionately refer to them as the sheeple. Now let's talk about this. "The Gold Miner Bullish Percentage Index Falls to Zero: A Sign of Total Capitulation as Contrarians See Opportunity." That's from Richard Mills. Let's go down to some data. It said, "While gold is currently down, it's got nothing on the gold stocks which have plunged far into oversold territory. The miners got hit harder because they are basically gold with operating leverage and equity market baggage attached." Guys, the gold miners are the best barometer that we have for overall precious metals ecosystem sentiment. That includes silver miners. That includes physical silver as well. And it has gotten all the way. Is it up here? Nope, it's down here. Further down here to zero. We've looked at this many, many times. There's Oliver Gross, right? Historic, right there on that bottom level. That's the bullish percentage index.
Now, where it gets more interesting is right here, right? Proof that we are at rock bottom. The speculative froth that has been entirely violently wrung out, okay, of the market is leaving only the most hardened value-focused capital behind. The people that are still here, people like you, people like me, people like our fellow basement dwellers, are hardcore holders of silver, gold, and precious metals mining stocks. We are the foundation. We are the base. We are the consolidation from which the next move up can go higher. Remember, guys, nothing goes straight up. Whether you're talking about silver, gold, or precious metal mining stocks, everything takes time to rest. Everything consolidates and draws back. No one climbs Mount Everest by starting at the bottom and going directly to the top. They have base camps, which we like to refer to as basement camps. Okay, quote. Here's another quote. "The selling has already occurred. The selling is over. The damage for the most part is already behind us rather than in front of us." And I think, nope, we got one more here. This is great. "The sentiment toward the companies, the metals in general, pulling the metal out of the ground has reached a level of despondency rarely seen, rarely seen in modern market history. You don't get to zero on a bullish percentage index ever. Okay, this extreme pessimism is not a warning sign. It's the exact contrarian setup that precedes massive face-ripping rallies in the precious metal space when the last marginal buyer throws in the towel, the bottom is in." Meanwhile, the macroeconomic fundamentals driving the need for hard assets, silver and gold, have never been stronger. The Federal Reserve was quietly engaged in stealth quantitative easing, adding over $200 billion to its balance sheet since the start of the year without a formal announcement. Where's all this metal going to come from? Where's all the silver and gold going to come from? I think that companies, right, miners that are developers, explorers, mining companies are positioned unbelievably.
So, I'm going to share a quick video with you that talks about some of these macro macro factors that are in place, and guys, uh, talks about an exploration company, and then I will be right back. The sponsor of today's video is Canadian Gold Fields. On May 31st, President Donald Trump posted, "Time to audit Fort Knox," his most direct call yet to physically verify America's gold reserves. I think when you first got into office, you and Elon Musk talked about auditing. >> Well, we wanted to go knock on the door before knocks, very thick door, and to see whether or not we have any gold in there, you know, because, uh, we take a look at it, it's a very interesting question. Yeah, we played with that. I wonder if they left the gold in Fort Knox because they steal a lot. >> No need to really do that though. >> Well, I, I don't know. I think it's, uh, I do want to go to Fort Knox sometime. I want to see if the gold is there. Fort Knox holds over 147 million fine troy ounces of gold. At current market prices, those reserves are worth roughly $665 billion. On the Treasury's books, they're still valued at $42.22 per ounce, frozen since 1973. The last independent exhaustive physical audit of Fort Knox dates all the way back to 1953. An audit of this scale naturally signals to the global market that sovereign hard assets are the ultimate arbiter of value. As you know, gold prices have fallen for three consecutive months. And at the time of this filming, gold stock indexes are actually red for 2026, which is interesting given what I'm about to show you about the following publicly traded gold company. A company with almost 30% institutional ownership and management, insiders, and close associates who own almost an additional 30%. Combined, that 60% held by institutions and management insiders. That's skin in the game with drilling set to start shortly. Plus, there's a management team with billion-dollar mines in their background coming from industry giants such as K92 Mining, BHP, and Ivanhoe Mines. You can find the sponsor of today's video, Canadian Gold Fields, ticker symbol CGMXF, on select brokerages like Fidelity, Schwab, Interactive Brokers, and E*TRADE. K92 Mining, whose stock chart is on the screen, stands as one of the most successful junior to producer transformations of the last 20 years, generating immense wealth for early shareholders. A Canadian Gold Fields director is currently a vice president at K92, while a key advisor to Canadian Gold Fields is a current K92 director. And Canadian Gold Fields has acquired two gold assets in 2026 so far with a drilling program that's scheduled for the second half of 2026 on the flagship asset Mimisca. All this is happening just as the ECB announced that gold has surpassed treasuries as the most held reserve asset by central banks. While the SpaceX, Anthropic, and Open AI IPOs will raise as much capital as more than 300 internet and technology IPOs combined in the year 2000, three companies, the equivalent of an entire bubble's worth of IPO capital. The NASDAQ peaked in March of 2000. Then it lost 78% over the next two years. And what followed the dot-com collapse? A decade-long bull market in gold and hard assets. Gold went from $250 per ounce in 2001 to $1,900 per ounce by 2011, a 660% appreciation. The capital that fled digital speculation found its home in physical reality. Canadian Gold Fields owns both Memanisca and Newton projects, and their location, northwestern Ontario, is not simply a jurisdiction. It's one of the most battle-tested, productive, and geologically extraordinary gold-producing regions in North America. These northern Ontario gold mining centers have produced wealth disproportionately larger than the legendary Klondike gold fields. The story begins in Timmins, called the city with a heart of gold. The Hollinger-McIntyre mine alone ranks among the greatest gold mines in world history. Then came Kirkland Lake, where a prospector stumbled across a quartz outcrop with gold while running through the bush toward a rifle shot. The mile of gold at Kirkland Lake produced over 700 metric tons of gold combined, worth approximately one-third of a trillion dollars at today's prices. Red Lake followed, known for extraordinarily rich veins and some of the highest-grade production ever recorded in Canada. And then Musselwhite, producing over 6 million ounces since the late 1990s, sitting in the same northwestern Ontario Greenstone belt that hosts the corridor where Canadian Gold Fields holds its projects. In Canadian Gold Fields has confirmed two high-grade gold zones at either end of this system. The Mimisca zone to the southwest and the Fran zone to the northeast. The drilling program is designed to expand the known high-grade zones and test the 12 kilometers of largely unrilled corridor between them. The gap that no one has touched with modern technology. That's the exciting part of the story, that 12-kilometer gap. And with 30% management ownership, plus an additional 30% institutional ownership, here's what that 12-kilometer of prospective banded iron formation strike is all about. It's never been systematically drilled. Canadian Gold Fields is preparing to drill that gap. The previous work was shallow, narrow, and episodic. What is coming is coordinated, comprehensive, and sequenced to maximize discovery potential. I'm going to be keeping a close eye on Canadian Gold Fields. Make sure you do your own independent homework.
All right, guys. It's not just the mining companies that have horrible sentiment right now that can really only improve from where we are. It's also the physical metals. Let's go take a look at what we're learning about gold. And there we go. All right. The gold, the gold price, the RSI on the gold price. This is shared with us. This was on Michael Gentile's, uh, weekend report, Saturday morning message. And down here, what we see is that the RSI, this yellow box at the lower left, I'm sorry, lower right corner, indicates that the RSI on gold is currently almost below 20, which means way oversold, dramatically oversold RSI. Strong buy signal. Uh, junior gold stocks are off 30 to 50%, buy recommendations, blah, blah, blah. Funds, uh, are are facing redemption. Uh, very, very interesting development. So, it's not just the mining stocks, it's the metals. We know there's a current situation right now in the silver market as well. And, uh, I forgot to tell you guys, hey, at the end, we're going to, we're going to talk about why this, that's the secret code. That's all we need to worry about for the next week. I'll tell you about that in a second. But, uh, nonetheless, the mining companies are still, despite what's happening, and then we're going to get to Jesse Colombo, printing money right now, even though the prices for the mining companies and the sentiment is in the toilet. Uh, Tavi Costa shares with us, today was a good reminder of this chart. It's remarkable that miners are still printing free cash flow even with metals trading at deeply oversold levels. Look at this chart. Okay, this will bring attention back to the overall precious metals ecosystem. Right, the, the, the 98% of people out there that aren't paying attention. That yellow bar on the right-hand side shows the margins in the mining industry right now, right? Which far surpass, right, financials, technology are the next highest at 17%, and the margins right now, the big gold bar that you can't miss, right, are almost double in the mining sector.
Now let's talk about what Jesse Colombo, it's been a while since we talked about Jesse, but Jesse Colombo is definitely one of the most respected and rising stars within the gold and silver precious metals analyst segment. He gives us the key levels that we're going to need to look at for gold, right? Two, what he calls support and resistance zones. Uh, and this will also, right, obviously dictate what we can look forward to with silver as well. Uh, it's the bubble bubble report. It's his Substack, which is highly, highly successful, and there's thousands of people that subscribe to this precious metals and miners update on gold. He says, "After a sharp decline at the start of last week, gold found support precisely at the $3,900 to $4,100 support zone." He says, "I'm encouraged to see this bounce in gold and I would like to see this support hold and ideally for gold to reclaim the $4,300 to $4,600 zone that it fell below earlier in the week. That zone has now become resistance and a breakout above it would be a clear sign of strength. Right now, gold is essentially trading between these two zones, making it important to watch how price action develops from here." Iran-related developments. We're going to get to that along with this week's Fed meeting. Well, we look out for that secret code I shared with you are likely to be the key catalysts that determine the next move. And there's his chart right there with the gold price. And what he's talking about are these two zones right here, $4,300 to $4,600. And then right below it, the two blue zones, $3,900 to $4,100. So we were in this zone for a while. Obviously, then we broke down, but when we got to that lower zone, that provided massive support. What he's calling for, that would be a good thing. And we're right up here now, right? We're almost back into that higher blue zone, is for us to number one, get into that zone and then break back above it. That would be a very, very bullish signal.
Now, guys, what are the three? This is fascinating what's going on with one of the richest countries in the world and what they're doing with gold. I was, I learned a lot. I'm going to share it with you right now. We're going to go to Singapore for this next story. That was shared with us by Reuters, I believe. Yes, Reuters had a headline story. There's a reason why this is a big deal. Singapore Bank, DBS, to offer tokenized physical gold to retail customers. Number one, this is from Reuters, mainstream media. Number two, this is Singapore, widely recognized as one of the richest countries in the world. Number three, this is DBS Bank, who you may have never heard of, right? But it's the largest bank in Southeast Asia and very frequently referred to as one of the world's, world's best and safest banks, and they are tokenizing gold. There's DBS, that's their logo. Okay. Um, that just basically repeats what I just said, but, uh, they announced that on Thursday they're going to offer tokenized gold to their retail customers, uh, and that it comes out as gold's had recent swings. Gold touched $5,600, blah, blah, blah. So that's why that's a huge deal. Okay, think about it. And that's tokenized gold. Look, look, we've got Tether, who bought more gold than anybody in the world over the last year than central banks, right? One of the world's biggest, um, uh, blockchain companies that has XAT, right? They're buying physical gold. They're tokenizing gold. It's not, it's not digital gold. It's tokenized gold. We have Singapore, their biggest bank, the biggest bank in Southeast Asia, one of the safest banks, tokenizing gold. Why is that important? Because of one big key point. In order to tokenize gold, you first have to buy physical gold and have it in a vault. And that article talked about that. That's what the Singapore, that's what Tether's doing. That's why Tether is the world's biggest buyer of gold outside of central banks. They're buying the gold. It's not unlike when the ETF, you don't have to like, uh, uh, tokenized gold and silver. You don't have to like the ETFs, right? I'm not a big fan of the GLD and the SLV ETF, but you can recognize the fact that when the GLD and the SLV ETFs were created, it generated massive new demand for the physical metals. And that's the, it's, despite what you think about the blockchain and tokenization and all that, right? It's called real-world assets. Set that aside and realize that that bank, DBS Bank, right, the world's safest bank, is going to have to buy a boatload of gold. Silver can be next. Okay. I believe the tokenization is going to be that sleeper factor that nobody else is talking about that we're talking about down here in the basement, right? That five years from now we're gonna be like, "Wow, tokenization." Because it allows people all around the world to basically hold physical gold, hold physical silver, and there are a few early-stage silver projects doing the same thing, right? But they, they own the physical, but it's safe and secure and a trusted vault. Okay? And then they can transact with it. You can carry it anywhere you want with you. Again, I'm not trying to talk you into it that you should or shouldn't do it. That's besides the point. What I'm telling you is that when a company like Tether, who has 500 million customer accounts around the world, is tokenizing gold and buying gold and in order to tokenize it, despite what we may feel, if you don't hold it, you don't own it, I get it. No doubt that's a good thing for demand for the physical metals.
But wait, there's more. Because who's the other one of the other more rich countries in the world? Switzerland. And wait till you, wait till you hear this. What's going on right now in Switzerland with gold? This comes from, hold on here. Let's get Mark, uh, our friend Mark, who says, "Gold Price Slides, But Swiss Gold Demand Explodes: Negative Rates Threaten Returns As Citizens Flee to Physical Gold." Let's listen to this. It's one minute long and it sums it up. This is what's going on in Switzerland. >> Something interesting is happening with gold right now. Prices have been falling for weeks since that big January high. You'd think demand would dry up, but here in Switzerland, dealers are seeing lines of buyers again. People aren't scared. They're treating the lower price as a chance to get in cheaper than 6 months ago. And it's not just private investors. Central banks in China, India, and Turkey have been shifting big chunks of their reserves into gold for months. That's a quiet but powerful signal. Here's the part that hits your savings account. Next week, on June 18th, the Swiss National Bank decides on interest rates. It's at zero now. If the Frank strengthens too much from Gulf tensions, they could bring back negative rates. That means you start paying the bank just to keep your money there. Gold doesn't work like that. Its value isn't controlled by rate decisions. That's why so many people are choosing physical gold while they still can. >> Watch that June.
Okay guys, that's Switzerland. Next, we're going to get to the secret code. But first, let's go to China just to make sure that our friends in China, who have a voracious appetite for precious metals, are still active. We're going to go on a little field trip together. You ready to go to China? I bet you are. Wouldn't it be fun? Hey, look. If things happen in the world of precious metals like we think they are, maybe we will actually organize a real live trip to China to the Shenzhen gold market. Let's, let's just check to see what's going on there. Uh, because, you know, the price of gold and silver been down. David Lee, the man on the street says this. The Shenzhen Shouxi gold market on Saturday the 13th. Just a few days ago, many Chinese media were talking about the significant pullback of gold price and it may weaken demand. The low price actually attracted more shoppers to come out again. As gold is not just for investment in Asian cultures, it is a lasting gift and store of value, I'll add for important occasions like weddings, anniversaries, newborn babies, etc. The demand is not completely elastic. And check this out. Just a few seconds of us in the Shouxi Shenzhen gold market. I see people. I see >> thousands of people. >> Is that your jewelry? Uh, your jewelry box.
Okay guys, all we have to worry about. Okay, let's talk about the week to come. It's scary. Okay, we are, we are going to go into a week where we could see volatile moves in the precious metals. Remember, right, number one, we have elephant skin. We aren't looking at short-term ups and downs as really being all that important when it comes to gold and silver. I bet you're like me. You look at gold and silver and precious metals mining stocks as generational wealth. Nonetheless, right, we are human. We do get affected. And this week could be crazy. It could be volatile to the upside, but it could also be volatile to the downside. The secret code. The only thing we got to worry about is are two things this week. Number one, the war. Okay? And number two, put an at the back of it. WSH, Kevin Walsh from the Federal Reserve. On, uh, Wednesday, we will get the official, the first Fed meeting. Let's talk about the war first. Supposedly, I think today they're going to electronically sign, like, a peace treaty. We'll see how that all plays out. If that doesn't, there's differing reports. I'm not a war correspondent, but what we're all reading and what we're seeing are are differing levels of assurance that this treaty is actually going to be signed. If it is signed, it's going to have some kind of big impact on the market. If it's not signed, it's going to have some type of major impact on the market. Everybody talks about taco, all that stuff, and that this is the 38th time that we've been told the war is going to be over. So, all political, not a political statement, nothing like that. But we'll just have to see how this plays out. But it's going to create major volatility in the markets this week. That's the war. Okay.
Now, in theory, if the peace treaty does get signed, uh, the oil price should come down, and that will be very good for the price of gold and silver, most likely. But you never know anything for sure. The market can have an interesting habit of throwing curveballs at us. The other major bigger news story of the week is the Federal Reserve. On Wednesday, we're going to hear, hold on, I'll get him out from our old friend. This is the, uh, Fed in the Box, it's called. For those of you who are new, do not open. Should we open it? What do you think? Yeah, we'll open it. We're going to hear from him. That's our new Fed chairman, Kevin Walsh. Right. Uh, this is toilet paper money because, uh, that's the Fed's favorite thing to do is print money and devalue the dollar. What to expect from that? What we can expect is that they are not going to change interest rates. I think there's a little tiny higher probability, tiny, I'm not predicting this, that they could actually cut rates. Uh, another interesting development with Walsh, I mean, he's in a box, right? They basically, the Fed has to decide, are they going to destroy the dollar or are they going to destroy the bond market? They're going to destroy the dollar. There's like a 99.8% chance of that happening. Okay. Um, Walsh, though, very interestingly, everybody's going to be on pins and needles, and that will move the market on Wednesday. But the really, it's the first three days, really, it's the first two and a half days of this week where we're going to hear about the war, and then on Wednesday, we're going to hear on the Fed regarding their monetary policy. That's going to have a huge impact on the markets in general. That's going to have a huge impact on the precious metals prices. Now, Walsh, they're saying he has said that he's not going to be as communicative with the general markets. Uh, so it'll be interesting to see what he comes out with. If he comes out with what the market perceives, okay, and then we're going to have final thoughts on why we don't even have to worry about any of this. But if the market perceives that he's more hawkish, and it seems like that's a little bit more of the expectation, but anyway, if he's even more hawkish, it's going to, it's going to throw a big pooper into the gold and silver price. If he comes out and says or insinuates, I mean, they go through every word of these things. And if there's one word that, you know, that he's going to be more dovish, easy money, right? Then that'll send the gold and silver price higher. Right now, it doesn't matter. That's the secret. Okay.
All right. That's the secret, guys. Both of these things, yeah, they're big stories. They're going to be blah, blah, blah, but you know what they are? You know what this is? Hold on. I'm going to hold it up to the microphone. Can you hear that noise? Short-term noise. That's all this is. Let's crumble it up. All right. And I'm gonna make a basket. I never miss. It's short-term noise in the long run. Okay. The dollar is in big, big trouble. How do we know that? Because most of us have the ability to do third-grade math. We can add, we can subtract, we can multiply, we can divide, we can look at the United States Debt Clock and see what's really going on. So while we got the war, while we got Walsh, blah, noise, doesn't matter. In the long run, the supportive factors are absolutely in place for the gold price and the silver price. Hey, thank you for being here. Susie and I upstairs. Susie, she's dealing with some IRL things this morning. She wanted me to tell you hello. Like I said earlier, we were talking last night about this community. We were talking about the people in here, reading some of your comments. We really care about you, okay? This is not possible without you. So, thank you so, so much. Take care of yourself and we're going to look forward to seeing you. And yeah, you matter. You're more than just the apple of your mommy's eye. We're going to look forward to seeing you next time. Take care. Bye-bye.