Chinese Gold Trading EXPLODES
13:46
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@samaelmaravilla4262
@samaelmaravilla4262 Минут бұрын
Mike but the industry also look for alternatives for instead plasma tv used gas, now they are led no more plasma, why can’t they do same with solar panels and find an alternative to silver and bring silver demand down?
@7Sources
@7Sources 13 минут бұрын
Damn bro aging fast :/
@dscapes1
@dscapes1 Сағат бұрын
Dont fixate on the markets. They're completely manipulated. Just hold your precious metals and wait for the inevitable bust. 💪
@Some-hc1lk
@Some-hc1lk 2 сағат бұрын
I like that your still in buisness
@davidw.5185
@davidw.5185 3 сағат бұрын
When the Fed starts dropping the rates before November, it will be interesting to watch the spot prices.
@victortancheongwee
@victortancheongwee 4 сағат бұрын
Gold and silver are lousy investment. I bought maple leaf in 1982..only up 4.5X,i should have buy AAPL or Azmn or Goog. I sold all gold and put on crypto, now up 5X in 2 yrs!!!!!!!!!!!!!!!
@frm6121
@frm6121 4 сағат бұрын
While I have amassed a decent stack of silver myself, I'm really sick of these pullbacks and refuse to buy more. These all time highs last only a few weeks, maybe a month or two, before they're smacked down for YEARS and go nowhere. I'm done buying this asset and will just wait and see.
@Gold_Silver.
@Gold_Silver. 4 сағат бұрын
#Silver to the 🌕 baby we out. Mike u the 🐐 bro thank you for all the valuable info
@Youmeeisragdollcat
@Youmeeisragdollcat 5 сағат бұрын
do people get the intrinsic logic about why govts of countries with welfare societies were so crazy to force its citizens to jab the shot in 2021 after watching this? can't find any other explanations but the system is gonna crash!
@pessi6185
@pessi6185 6 сағат бұрын
In China We Trust 🇨🇳❤️
@arikjohnson412
@arikjohnson412 6 сағат бұрын
Buying the dip whenever I can - picked up 10 x 5oz bars last Friday just above $29 and now eyeing some Constitutional for this weekend!
@ClaudiaZecchinelli
@ClaudiaZecchinelli 6 сағат бұрын
My dad likes your videos also me because it helps us to make money and Ethereum and more and your last episode..... wow really long but it's awesome!!!!!! Thank you for inspiring my dad and i. You got another subscriber!!!!!!!!!🥰🥰🥰😍😍😍🤩🤩🤩🤯🤯🤯💗💗💗💗💗❤‍🔥❤‍🔥👏👏👏👏👏🧔👧🥞🥞🥞🥯🥯🥯
@davidw.5185
@davidw.5185 7 сағат бұрын
All the elites are in on it, both right and left. People think a vote for the two parties might change something in their direction. It won't.
@ericeverson5956
@ericeverson5956 7 сағат бұрын
Thank you, Mike.
@michel333100
@michel333100 8 сағат бұрын
On the solid advice from a friend that has 400k investment in an ETF here in Canada in silver suggested I take out my retirement of 180k and do the same as him and invest in this ETF. That was 3 almost 4 years ago that I did this. I am down 75k. This silver investment has turned out to be a nightmare. My friend says,just be patient. Well, my patience is running thin. He said it was a sure fire thing when I took this out. He said the bank wasn't making me any money. Well needless to say, I am in the bloody toilet now. I have lost half of my retirement money. Silver is bullshit. I don't believe anything all of you pundits are saying about how silver will go up huge. It's a bloody lie. Regret big time ever getting into this. I told my friend we are done being friends. He cost me my life savings.
@paulman9989
@paulman9989 6 сағат бұрын
IT really doesn't Sound like you were a Real Friend of him = You took his Advice and it hasn't worked out = ATLEAST not Yet = HE didn't Force you to do this = You made the Decision. = YOU were Never a True Friend
@gerryjones4787
@gerryjones4787 8 сағат бұрын
what system do you suggest tp replace this system?
@frankleone7685
@frankleone7685 8 сағат бұрын
The Uber eats example isn’t a good example as it’s a side job. Uber eats should pay the $5 and cut the fees, which is why deliveries went down (no one is paying $15 for a $5 burger)
@Pieguy73
@Pieguy73 9 сағат бұрын
I didnt panic i bought more. If it goes lower ill buy more. If it goes higher ill buy more
@johneckstein6416
@johneckstein6416 9 сағат бұрын
By the time silver get to over 100.00 an oz. Your Starbucks will cost you 30.00 a cup so one eagle or maple will get you the same 3 cups of coffee plus a 10..00 tip , they will suppress it until they can’t .
@stuartmoore6310
@stuartmoore6310 10 сағат бұрын
I came here for inner peace but what I really want is whirled peas.
@thomyoung17
@thomyoung17 10 сағат бұрын
Silver is real money buy it for that alone
@JohnThompson-hc8bd
@JohnThompson-hc8bd 10 сағат бұрын
I’m not selling until the true value of silver is realized. Then I will only sale when I have a reason to do so, like buying another real asset. I’m glad it’s pulled back because I can buy more for less.
@dutchy5752
@dutchy5752 10 сағат бұрын
I have max pain for silver at 29$ for 8/27/2024 options on futures expiration. We are close to a local bottom in my opinion. Dip buying for futures traders imo. Also ES mini 500 I get max pain 5450 for 9/20/2024 expiration. So they are about done as well
@barrywagoner5191
@barrywagoner5191 11 сағат бұрын
I think the move in the gold and silver miners will be epic, starting around the Fed's July meeting. Base effects won't allow for inflation to fall fast enough and the world knows the Fed will cut in September... History shows that the miners take off as the yield curve uninverts, and that's happening right now.
@thecitchannel2856
@thecitchannel2856 11 сағат бұрын
"smackdown" ..... Will you people please STOP with your doublespeak language? Criminal manipulation continues as strong as it has been for the last 14 years. Under these totally LAWLESS conditions, it's simply unwise to invest in PMs. You could be holding your "stack" for years, maybe decades, before you recover.
@i.alexjohn
@i.alexjohn 11 сағат бұрын
He who creates owns and controls. Legal society created COMEX. What does legal have to do with man ?
@william1863
@william1863 11 сағат бұрын
Depressed because it goes down ??? Come come now people. I remember when one silver ounce was a dollar and twenty five cents for one Morgan dollar. Lol ya I am getting old alright. 👍 The Lord our God has our back. ✝️🥲
@goldensilver793
@goldensilver793 11 сағат бұрын
The 60s and the 68' democrat convention were crazier IMO...
@csisemi
@csisemi 11 сағат бұрын
I always look forward to your analysis Mike. A few good men left like yourself and @peterschiff . Thanks for your work.
@rickgentile4956
@rickgentile4956 11 сағат бұрын
Honestly, im tired of charts and trends, when its all manipulated.
@sergiulmuresan
@sergiulmuresan 12 сағат бұрын
Silver is taxed by VAT in Europe. That means it's a loss of 20% at purchase. Gold in not .
@esioanniannaho5939
@esioanniannaho5939 12 сағат бұрын
Great Video 👍 I expect that there will be a last minute dash by BRICS into PMs in August before the Shanghai meeting of finance ministers in September when they detail the BRICS Unit which will be backed up by PMs. A meeting of BRICS Trade Ministers this week.
@leej.a.7810
@leej.a.7810 12 сағат бұрын
I wouldn't trust the CCP to honour any deal or act with good intentions to anybody. But that's only because of the past. And present. And what they SAY they want to do in the future... You could ignore all that.
@stefanop1340
@stefanop1340 14 сағат бұрын
China doesn't have our back. When silver goes up and Chinese investors are long in the gold/silver futures they immediately raise the margin requirements to force liquidation on those futures causing a big price decline in gold/silver and a loss of momentum. It's the same tactic used by the CME in the US to end bull markets in precious metals. Eventually gold and silver will rise, but it will take a move from the BRICS to finally end the dollar as the world reserve currency. At that point everything will have to be backed by gold and we could see gold at 40,000$+ and silver at 1,000$+ after decades of manipulation. And for people that say "you're crazy, no way they'll go that high" then you haven't seen the amount of debt (ie money) that must be backed by gold. And btw bitcoin went from 200$ to 70,000$....never forget that and I bet if somebody in 2012 told you bitcoin would go to 70,000$ you'd have thought they were crazy.
@kiambengang3533
@kiambengang3533 14 сағат бұрын
I hope your channel could invite David Jensen, who have a very good n clear explanation about commodity price setting manipulation in LBMA esp silver n gold
@paulwalker6907
@paulwalker6907 14 сағат бұрын
From what I have witnessed happening over the last few years with Gold and Silver is that if conflict or war is imminent then the price goes up quickly. If there is some sort of market crash like in 2020 then the price falls significantly as everyone sells. I usually buy and sell on this basis which has worked well. Unfortunately I went against my own criteria when buying Silver in April when the price of silver was high and I listened to Mike who said that Silver was going to take off from here. I like Mikes channel but his main objective is to get you to buy more.
@18ad84
@18ad84 14 сағат бұрын
Keep buying!
@moerpphaayy
@moerpphaayy 14 сағат бұрын
On top of that, there has been an approx. 200m ounces deficit in physical ever year since 2019 according to the Silver Institute
@emills1417
@emills1417 15 сағат бұрын
Staged events. US politics is worse than WWF. Things are going to get much weirder. Do you believe in aliens?
@frankjoy2455
@frankjoy2455 15 сағат бұрын
You click baited the audience by including 'bitcoin' in the title of the video and then you made a gold video. Not so honest
@decrux5767
@decrux5767 15 сағат бұрын
$50 silver will be breached between anytime now and April 2025.
@fransnagel
@fransnagel 15 сағат бұрын
good, so now silver can go up to 30 dollars or so, that will cover the mining costs until at least 2030.
@user-xt2li8tc6g
@user-xt2li8tc6g 15 сағат бұрын
Let me get it right, your opinion is to buy silver now and then, when its grow up sell it and buy falled gold? Sorry for my English😊
@charmsurprise
@charmsurprise 15 сағат бұрын
hey Mike, thanks so much for all the info over the years. Sometimes, I'm a bit slow on the uptake of understanding the meaning of language you use . How do I figure out the 'gold to silver ratio'? I'd like to be able to take a look at the two charts and come up with that ratio for myself, thereby helping myself both to be reassured that I've made the wiser decision and also to know when to buy or sell at any particular period....
@mrLoftladder
@mrLoftladder 15 сағат бұрын
not panicking, bought most of my silver at 9$/oz and my gold at 900
@PoketAceJas
@PoketAceJas 14 сағат бұрын
Very nice.
@fu4616
@fu4616 8 сағат бұрын
Those were the days!
@cherokeecowboy7558
@cherokeecowboy7558 15 сағат бұрын
Buy! Buy! Buy!!! Keep on stackin'!
@user-db5gb7gf4s
@user-db5gb7gf4s 15 сағат бұрын
🐦🐦🐦🐦
@jrobles376
@jrobles376 15 сағат бұрын
Thanks Mike for your voice of Reason
@chrishodgson2247
@chrishodgson2247 16 сағат бұрын
You are looking a bit creepy man, maybe don't put your mug in the vid, or work on the color and lighting
@user-pe3mp6nx5e
@user-pe3mp6nx5e 16 сағат бұрын
Average investor does everything backwards. Always! 😂