Silver Does a Slingshot and Rallies Close to 10% (Uncut) 04-07-2025

Silver Does a Slingshot and Rallies Close to 10% as Market Meltdown Continues.

I think it was just after midnight London time dropped 2830 and I wasn’t awake but I’ve looked at the chart and then it traded in a matter of one or two hours to 3061 so an almost nine percent rebound and I think that’s very strong and very significant gold as well. Monday, April 7th, 2025, Medeco 64, Home of Alternative Economics and Contrarian Views. Well today we’re going to look at gold and silver but especially silver.

Silver has done a slingshot higher overnight and I think the markets have woken up maybe to the fact that silver is not just a industrial metal but a monetary metal and I think that that’s what was missing here. That’s why silver got trashed so much in the last few days and yes, Michael Oliver spoke about that in an interview with Liberty and Finance. I recommend you watch that very good interview.

I’ve had Michael Oliver on before here on the channel and I need to try to get him back on though. But yeah, that’s what we’re going to look at today and we’re going to look at the concept of holding on to your gold and silver for dear life which is a series of videos that I’ve made before in the past, in the last, well, five, six, seven years because gold and silver are really, I’d say, very emotional. They’re very emotional metals.

You really need to hold it and own it physically to realize how important they are when things are as chaotic as they are now and we’re going to look at the stock market as well because the meltdown is continuing overnight and yeah, again, I’d like to thank all the new subscribers, all the existing subscribers and if you’re enjoying my content and haven’t subscribed yet, please subscribe to the channel. I post content every day. I do a live stream on a Sunday evening, London time, usually with Clive Thompson.

I did one last night with him. If you haven’t watched it, I’m going to put it up here and put a link up here for you. And the other thing I’d like to say, yes, if you haven’t gotten out of dodge and by dodge, I mean fiat currencies because they’re not going to do anything in terms of appreciating over time because when push comes to shove, when this crisis really culminates, the central bankers and governments are going to step in and the only way, the only thing they can do really is print money, create money out of thin air, cut rates to artificial levels to try to boost the economy.

That’s something that’s been done since the 30s. It started out with Hoover, the Great Depression, FDR and they’ve been doing it ever since. They’ve been doing it in spades, of course, ever since the 08 crisis and it’s not going to stop.

So, yeah, if you want to get out of dodge, as I said, think about contacting our precious metals affiliates in the US. I’m affiliated with Miles Franklin. They can help you if you call them or send an email and tell them that Mario or Moneko 64 sent you and all the details how to get in touch with them are below in the description of all my videos and also here in the UK.

If you’re looking to do the same, think about contacting Oliver Temple and Simon Temple at Gold Investments and all the details are below as well in the description of this video. So, yes, silver lost all its gains for the year last week. About 16% pretty much followed copper and other industrial metals.

Why did that happen? Well, the market is discounting a big slowdown because of the collapse in the stock markets that we’ve seen, especially since the liberation day, right? That’s President Trump when he announced all these reciprocal tariffs and I think he’s going to be announcing a lot more tariffs this coming week. So, I don’t think things are going to improve and I don’t think the President and the Treasury Secretary are going to back down. What are they trying to do? I don’t know but it certainly is chaotic but I also think it’s not a time to panic even if you’re heavily invested in the stock market.

I’m not saying I think things are going to rebound and move higher but it’s not the end of the world. A lot of times the powers that be want you to get scared and get out of your very good investments and hopefully you’re not leveraged but having physical gold and silver outside the system in your possession or at a reputable private non-banking vault is a very good way of protecting your wealth. I mean, just look at people who find treasures, gold and silver that have been buried for thousands of years or hundreds of years or gold and silver that have sunk with ships.

It’s still there. It’s still pristine. It’s still valuable.

It keeps its value and that’s what’s happening right now and I think people are waking up. So, what’s the slingshot bid? Well, last night, 11 o’clock London, which is 6 p.m. Eastern time in the U.S., I looked at the markets and the stock markets were down massively. I think, yeah, let’s see here.

The Dow was down almost another 2,000 points. The Nasdaq 100 was down, let’s see, well, 300. It was down about 1,000 points and the S&P was down about almost 300 points.

And I saw that silver was in the 28th handle and gold was still above 3,000. And then I woke up in the night and I saw that gold and silver had hit a low, respectively, of 2,970 in gold. So, there were people asking last night, will gold break 3,000? Well, it did overnight.

Silver went to 2,830. And then I woke up this morning and I see that silver is trading above 30 and I thought, wow, that’s a slingshot. And I think it was Michael Oliver who used that term.

He expects silver to do a slingshot. I’m not sure he expected it to do so soon, but it has. It shows how strong gold and silver are, actually.

And I’m not saying we’ve seen a bottom, but it could be very likely. So, why are they doing that? Maybe they can smell trouble and they can smell that the central banks are getting maybe a little desperate. We’re seeing that the banking sector, the indices that measures the value of bank stocks, is actually underperforming the general stock market.

And the Federal Reserve and central banks, they were created to be lenders of last resorts for the banks. And that’s one thing they’ll cut rates or print money for. It’s the banks.

Maybe that’s what gold and silver are telling us. And we could even see an emergency action from the Fed. Why emergency? Well, because their next meeting is only towards the middle of May.

And if things get really worse here and it threatens the big banks, they could step in. And gold and silver would go ballistic if they step in. And even if they don’t, and if the crisis kind of stabilizes, things are not over.

I think a lot of financial institutions are in trouble. And why are they in trouble? Why does it always happen? Well, people never learn. People always leverage.

They did it in the 20s. They did it during the dot-com bubble. They did it in 08, 09.

They did it during the late, let’s say, teens, just before the COVID crisis. It’s all about the derivatives. Some people argue that there’s over a quadrillion dollars in derivatives, which are basically side bets.

But the other reason derivatives get bigger and bigger is because in the fiat currency system, yeah, the debt gets so big that derivatives are used to kind of mask how bad things are. Professor Fekete, Anto Fekete, he’s passed away. He talked about that, that derivatives are used to manipulate the price of important assets in the fiat currency system.

And I think it could be a huge crisis because we haven’t even heard about any problems in derivatives. And I think we will very soon. And so, yeah, silver, I think it was just after midnight London time, dropped 28.30. And I wasn’t awake, but I looked at the chart and then it traded in a matter of one or two hours to 30.61. So an almost 9% rebound.

And I think that’s very strong and very significant. Gold as well. We traded to 29.70. And then during the same time frame as silver, it rebounded up to around 30.60, which is about a 2.8% rebound.

Of course, it’s not as much as silver because gold has held up really well. It’s still up about 15% year to date, while silver now is probably up slightly. But it lost 16% last week, as I told you.

But what this goes to show you is that when gold and silver take off again, silver is going to be, I think, on steroids. It’s going to go ballistic. Am I selling some of my gold to get silver? No, I never sell either one of them unless, of course, there’s an emergency.

I just keep adding on to both. But you might have another strategy. I’m just telling you what I do, and I’m not telling you what to do.

You need to think for yourself. And what else is going on? Well, let’s have a quick look at the the headlines here. Well, the FT says global stocks tumble as Trump offers no respite from tariffs.

Asian and European indices and U.S. futures fall in wake of worst week for Wall Street equity since pandemic. Yeah, that’s another problem here that I’m seeing here is this one. KKR, Blackstone, Carlyle.

Big investors look to sell out private equity after market route. Private equity is a very illiquid market because it’s a private market. And I think they’re going to have a really tough time getting out of their big private equity positions.

And why do I say that? Well, I have a couple of very good friends that that had a big position in private equity, but they’ve been trying to get out for the last six, nine months. And yeah, and one of them told me that they were able to get their money on the 1st of April just before everything kicked off. And he’s very relieved.

So I think that could be another big problem, private equity. And why is that? Well, because private equity, they use a lot of leverage. They use debt to buy companies to reengineer them.

Financial engineering, that’s been part of this everything bubble and financialization. And I think they could be in trouble. So the other thing about private equity, we don’t really know how much is under threat in terms of exposure because it’s not a publicly traded market.

There’s no public information. So I think aside from the banks being in trouble, keep an eye on private equity and who lends the capital or the money to private equities. Well, it’s the big Wall Street banks, big city of London banks.

It could be a disaster. And it’s another reason to have some gold and silver. And this friend of mine who was able with his brother to get out of private equity, their private equity positions, guess what they’ve been buying a lot the last year or more? Well, a lot of physical gold and silver.

They were bond guys. And I’ve kind of turned them around to seeing the importance of having no counterparty risk. And I think they sleep a lot more safely at night or soundly at night.

That’s the other thing that gold and silver do for you. They give you peace of mind. Yeah.

So let’s quickly look at where we are now in terms of the market. Well, it’s 825 a.m. London time. We’ve got spot gold at 3025.

So it’s moving around like a yo-yo. It can the volatility through the roof. So as I said, the lowest 2970, the highest 3060 silver is trading at 2990.

So it’s back below 30. But I wouldn’t be too concerned because the low was 2830. The high has been around 3060.

I mean, I have a high here of 3080, but on the chart it says 3060. The Dow futures is down 1500 points. So another 4 percent.

The Nasdaq 100 futures down 933 or 5.3 percent. And the S&P is down 4.7 percent. The FTSE in the UK is back below 8000 at 7600 down 5.3 percent.

The Eurostox 50 is down almost 6 percent. What about the currencies? Well, the dollar is very weak versus the yen. That’s another thing that doesn’t help the carry trade, which helps liquidity.

So the yen is very strong. The dollar is down 1 percent versus the yen. The euro is up two thirds of a percent versus the dollar.

The pound is pretty much unchanged. And it’s interesting because the industrial commodities, they are continuing to drop quite sharply. While silver is up right now, 1 percent.

WTI crude is down 4 percent below 60 bucks. Even high grade copper is down 2 percent at 433. So what I’m seeing here is that silver is definitely detaching from its reputation as just an industrial metal.

People are waking up to the fact that silver is also a very important monetary metal. And I spoke about treasuries on Saturday. Yes, they have rallied a little bit overnight.

The 10-year yield has actually dropped nine basis points. It’s around 390, which means that people are buying treasuries for safety. But as I said, I don’t think it’s safe to have treasuries.

And I think the reason people are doing this, big investors, is that it’s the only thing they know how to do when there’s trouble to buy treasuries. They haven’t really found out how special having physical gold is yet, and they don’t have the wherewithal. They don’t know where to get it either.

But eventually, I think people are going to wake up to that. So there you go. With that, I’m going to wish you all a very good day.

Take care. Bye.