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Speaker 1: There's not enough silver and people that are waiting around

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for this gentleman's entry to get into silver stocks, because

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you know, if you look at silverstocks right, you see

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look at the look at the silver price. Wow, it's quadrupled,

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you know in the past year. But silver stocks they've

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only they've only more a little bit more than tripled.

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You know, they're supposed to provide more leverage to the

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silver price that gold stocks are doing their job. You know,

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they provided two and a half times leverage last year

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to the gold price, but silverstocks did not. They're still

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grossly undervalue.

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Speaker 2: You were listening to Carrie Leutz's Financial Survival Network, where

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you get valuable information you just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Leuts. David Earthley is

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with us.

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Speaker 4: Now.

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Speaker 3: If I sound excited for this interview, there's a good

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reason I am. I'd been looking forward to this one

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for nearly a month. David, you have been one of

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the people who's called this run up in silver almost

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to the day. I remember back in May we talked

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about thirty two point fifty being a line in the

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sand and the cup with the handle a twenty five

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year cup with a handle, right, forty five? Yeah, forty

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five you know silver Ojetas, Yeah, forty five years. How

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can I forget that? But you know, the manipulation of

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silver goes back over one hundred years. But we don't

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need to do ancient history. It started really in nineteen

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sixty five when they demonetize the coinage in in the

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United States and Canada and the rest of the world.

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Canada had eighty percent silver coins back then, and eventually

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no country in the world puts silver in their coinage

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because it would just be hoarded and it's not really

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compatible with an inflationary environment, is it.

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Speaker 1: No, And now it's it's it's sixty percent an industrial metal.

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So the shortage now it's it's in its six consecutive

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year to going into its six consecutive year now of

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a structural deficit. And you know, I mean the physical

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price and the paper price is really disconnected. If you're

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buying silver and CHANGI you're paying over one hundred and

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thirty dollars an ounce.

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Speaker 4: Now I'm the premium. Yeah.

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Speaker 3: You know Keith Neumeier, when I first heard him speak

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fifteen years ago at Hard Assets in New York, he said, exactly,

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what's happening now is going to happen commercial signal fail.

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We're pretty close to that force measure. What do you

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think the odds are a force majeure in the next

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few weeks on the COMEX.

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Speaker 4: Oh yeah, I mean anything could happen.

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Speaker 1: I wouldn't put it past you know. I mean it's

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a critical metal now. You know, the government identified it

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as a critical medal along with the with copper, so

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they could settle in paper these contracts and say, you

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know what, sorry, you're not going to get your physical

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We're going to settle in paper. That could happen. I

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mean the silver price has quadrupled now since uh Trump

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was you know, created as the fourth president, and now

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gold has nearly doubled. I mean, this explosive move we're

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seeing in both precious metals, I mean it's basically it's

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really not just another bull market rally. It's you know,

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gold blowing past five grand like it's not even there,

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and silver clear and one hundred dollars an ounce like

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a hot knife through butter. That basically represents a funnel

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metal breakdown in confidence in the world monetary system that's

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basically been building since the two thousand and eight financial crisis.

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I mean, this extraordinary rise in both gold and silver

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is basically the marketplace saying, hey, the global sovereign debt spiral.

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You know, over three hundred and fifty trillion of global debt,

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it's now reached terminal velocity. And that is intermixed with

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increasing geopolitical turmoil, especially from the Trump administration. While generalist

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investment institutions at the same time and retail investors they

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have only recently returned to the to the to the

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precious metals mining space after leaving in mass in twenty twelve.

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I mean, I remember during the last Bowl market, fifteen

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fifty was the line in the sand and goal. I

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said to myself, Okay, if you know, fifteen fifty has

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been strong support and if around this was around twenty twelve,

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twenty thirteen, if that goes, I'm going to have to

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sell all my gold stocks because then we're in for

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a pretty deep correction. And lo and behold, the gold

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price cratered all the way down to nearly one thousand

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dollars announced by the end of twenty fifteen, the GDX

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and the GDXJ corrected eighty five percent. And as when

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the gold price hit one thousand dollars, I mean, everybody

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had basically sold everything as far as precious metal stocks

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related stocks were concerned, and the shorts were cleaning up

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like crazy. And like I said, the gold price I

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get bottom at like ten forty five, right, and then

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it took almost five years for gold to reach two thousand.

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Then it consolidated that move for about four and a

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half years, and then it took about another forty four

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and a half years to get to three thousand. Well,

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from three thousand to four thousand, it only took seven months.

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And now from four thousand to five thousand, it only

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took three months. And now it's it's reached fifty it's

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fifty three to fifty here right before the Fed's about

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to about to to basically basically say that they're going

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to come out and not raise interest rates. But whatever

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they do, it's it's a lame it's a lame duck

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FED right now because Trump is about to hire a

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yes man. I wouldn't be surprised if he does it

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right after FED, right after Powell says they're not going

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to raise interest rates, he'll come out and with a

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tweet and say something like too late, Powells not written

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not lowering interest rates to basically help us lower the

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dollar on purpose to bring manufacturing to this country. You know,

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I mean, everything that they're trying to do is they're

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trying to intentionally devalue the dollar because that's this is

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the only way out of this mess, is devalue it.

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Because obviously they don't care about deficits. You know, Gerald

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powk the government continuing to borrow money and spend money,

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and there's no impetus, there's no interest in paying any

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of it back because they can't. I mean, back in

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nineteen eighty, when I was in high school and.

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Speaker 4: I saw the headline news.

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Speaker 1: Global debt reaches one trill on, I'm like, wow, a

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trillion in debt and the debt to GDP at the

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time was like thirty five percent. Well, now we're adding

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a trillion in debt every eighty days and debt to

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GDP is one hundred and twenty five percent, and there's

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no intention of any of these governments pay anything back.

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It's this huge Hanzite teme that now is coming to

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a head. That's what Golden Silver is screaming at us right.

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Speaker 3: Now, totally screaming. And is anyone listening besides our little group?

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I think more people are listening now, David than ever before.

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And uh, you know it's like after the financial collapse,

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nobody learned anything. We solved the problem with more death.

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Speaker 1: How does that just it's kicked the can down the road.

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Well that road is coming to an end now. They

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can't kick it down that any any any longer.

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Speaker 4: And uh, it's you know, the Japanese bond market is

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blowing up right now. Yeah, right, So that is just

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and and the and the US came out and said, hey,

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we're gonna we we we we may be we may.

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Speaker 1: Be shoring up the the the Japanese bond market. So

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they keep doing these currency interventions and people are no

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longer fooled by this. And Wall Street now is even

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is even telling you know, investors to invest in gold.

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You know, Wall Street, these big banks, they pooh pooed

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gold and silver for so long, you know, right, I mean,

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gold is a barbarous relic. It doesn't pay any interest.

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You know, silver is too cheap to be to be

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called a precious metal. It's too volatile. You know, it

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has these spikes and then you know that they get

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quashed and then they and then they turned into these

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long bear markets. But if you take a look at

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the at at at the at the forty five year

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cup and handle silver chart that you that we referenced

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earlier in this conversation, well back when I was in

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high school again, when the Hunts tried to corner the

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silver market. Yeah, yeah, that was the synthetic move, right.

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The Hunts were trying to corner the stiver market. So

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what what did the government do? They change the rules,

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and all of a sudden, the Hunts, the Hunts were

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the only ones that had silver and they became the

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only sellers and the market collapsed. So that created this huge,

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long term, multi decade bear market. And then we had

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another huge surge back in twenty eleven. That was a

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speculative move and the and the CMEME came in and

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they raised margin requirements five times in two weeks to

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quash that rally.

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Speaker 4: Okay, did it? It created another long term bear market.

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Speaker 1: But this spike is different because this spike is is

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based on supply, right, There's not there's not enough silver

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and people that are waiting around for this gentleman's entry

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to get into silver stocks because you know, if you

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look at silverstocks, right, you see look at the look

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at the silver price. Wow, it's quadrupled, you know in

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the past year, but silver stocks they've only they've only

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more a little bit more than tripled. You know, they're

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supposed to provide more leverage to the silver price that

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gold stocks are doing their job. You know, they provided

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two and a half times leverage last year to the

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gold price, but silver stocks did not. They're still grossly

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undervalued because these people that are that are trained in

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it to believe that while the silver always had, it

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has this spike and that it has this crash and

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then it goes into a bear market for a long time.

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Speaker 4: Well, the CME tried to do it again during the holiday.

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Speaker 1: Yeah, over the over Christmas, right, they raised they raised

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margin margin requirements three times times while everybody was on vacation.

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Speaker 3: And it went up and it went up.

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Speaker 1: Well, no, it came down, and it worked for like

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while everybody was on vacation, and then buying came right.

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Speaker 4: In it took it right back up again. Yeah.

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Speaker 3: What I meant to say is I called, you know,

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the day after Thanksgiving. I knew it was going to

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be a massive move, and then the day after Christmas

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massive move. But when they do the slams with the

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higher margin, it lasts for a day or two. And

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now when they do a dump, a paper dump, it's

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lasting for hours. The day's come and when they do

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the dump and the price goes up, and where does

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that where does that leave them?

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Speaker 4: David?

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Speaker 1: Yeah, I mean earlier this earlier this week, we had,

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you know, at the beginning on Monday golds, you know

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last okay, last week, gold finally broke a hunhundred well

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Monday gold spike to a silver spike to one hundred two,

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one hundred and seventeen dollars an ounce, and the gold

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price went above fifty one hundred. Well, there was an

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inter day reversal, and you know the stocks, you know,

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gold stocks, mining stocks did the same thing. They had

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this inter day reversal, you know, showing okay, well maybe

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this is finally an interim peak and maybe we can

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get some consolidation before we go higher. Well, that that

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weakness was immediately bought as soon as the US Consumer

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Confidence Index came out showing it it's that it's plunged

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to its lowest level since twenty fourteen. And that's that's

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that's even lower than the pandemic. So and then Trump

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came out and he dismissed the concerns about the dollar

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because what the dollar did was it it's it moved

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down to it to US Dollar index moved down to

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four year support at ninety six, where it's trying to.

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Speaker 4: Stabilize right now before the Fed.

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Speaker 1: And he come out and he said basically, he told

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reporters that he thinks the dollar to the client is great,

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and he said he's happy just to see the.

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Speaker 4: Dollar seek its own level. Right.

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Speaker 1: Well, the market heard this and it was basically a

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permission to sell the dollar. So the dollar promptly had

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its worst day since April. So because Trump, he understands

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that in order for the US to bring back manufacturing,

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they need to devalue the dollar. Weaker currency supports exports,

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I mean, it reduces the burden of record government debt, right,

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I mean, just the interest on the debt is over

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a trillion dollars. So dollar weakness is not a problem

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to be solved. It's basically a feature to be tolerated

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when devaluation aligns with their.

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Speaker 3: Well, look, he can't come out and say we're crashing

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the dollar to do all these things, exactly. No. But

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if gold and silver start going up and the dollar

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starts coming down, although you know, it looks like we're

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hitting a panic period, and that panic invariably probably going

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to be triggered by events in Asia and in Europe,

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so you know, we won't see a Leman moment anymore

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because basically it's all a big you know what sandwich

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and everyone has to take a bite. Now, that's the

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way the system's set up. So if a big one

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goes down, all the big institutions got to pay up. Yeah,

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that's around the world. And I think it could very

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well be a hedge fund or some large private equity

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fund that tanks.

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Speaker 4: Yeah, yeah, I wouldn't be surprised.

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Speaker 1: I mean, the accumulation of the blows to the to

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the US dollar by the Trump administration and combined with

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the FED caving on inflation.

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Speaker 4: Right, they're two percent fantasy target. It's nowhere near it.

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Inflation's nowhere near.

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Speaker 1: They keeps going higher, and basically, I mean it's it's cemented.

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The both presses medals position is the ultimate safe haven,

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and it's been. It's now forced Wall Street to stop

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demonizing the metal as a barbarous relic. Like I said,

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at the best now there now they're you know, sixty

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forty portfolio was for decades, was was was recommended by

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by Wall Street and analysts. Right, sixty percent stocks, forty

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percent bonds. Well recently now it's oh, sixty percent stocks,

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twenty percent bonds, twenty percent precious metals.

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Speaker 4: That is monumental, right.

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Speaker 3: That is because because the average holding of somebody in

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the West was under.

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Speaker 4: Two percent, less than one percent. Oh, let's see what

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it got.

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Speaker 3: Well, with the market going up as high as it did, right,

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it went under one percent.

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Speaker 4: Yeah. Yeah.

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Speaker 1: So in twenty eleven, right when when gold spike fit

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around nineteen hundred and silver spiked at fifty, the ETFs

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goldie precious metals ETFs in relation to the ETF market

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was like eight percent. So I mean gold now is

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over five thousand dollars an ounce, and silver's way over

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one hundred. And the marketplace is still is just finally

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waking up to precious metals because they've been so distracted

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by the stock market continue to go up, by their

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tech stocks continuing to go up. So you know, with

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with with the like twenty eight trillion in tech stocks,

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when they when they start to finally rotate into the

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precious metals sector, I mean, we still got that ahead

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of us.

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Speaker 4: Yeah.

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Speaker 3: And I tell you a secret from a friend of

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mine who my friend Brad, who deals metal on the side,

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and he's gotten notices from all the silvery finers he

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deals he does business with. They're choking on inventory because

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retail is dumping their physicals.

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Speaker 4: Yeah. Oh it's it's a spike. I'm taking my profit yep, exactly.

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Speaker 3: So all right, David, I would say, tell us how

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we can sub subscribe to Junior Minor Junkie. But I

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understand you've closed subscriptions now.

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Speaker 1: Yeah, I mean last week I got a wave, I

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mean a crazy wave of interest. I'm surprised my site

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didn't didn't collapse. It was fantastic. I got so many

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subscribers that my limit, my five hundred limit is full.

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I limit to five hundred subscribers because you know, I'm recommending,

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I'm purchasing and recommending these juniors, and some of.

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Speaker 4: Them don't have a lot of liquidity in the US.

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Speaker 1: And you know, sixty five percent of my subscriber base

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as US investors, So you know, in all fairness, I

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want to make sure that we all kind of get

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in at the same price. And if I have, if

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I have too many subscribers, that that that really can't happen.

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We start to become the market for these stocks, and

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I don't want that to happen. So there is a

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waiting list, and I do get cancelations from time to time.

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So you can come by my website at Junior minor

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Junkie with a y dot com and if you hit

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the subscribe button, it'll take you to a waiting list

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and you can and you can put your name on

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the waiting list. So what that waiting list entails is

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once I have about like five ten spaces open up,

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I will send out an email to all the tou

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everybody on them waiting list, and then first come vers.

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Speaker 4: Yeah, got it all right?

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Speaker 3: Now, those are exciting times here and appreciate your coming

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on and we will talk to you against soon. If

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you got a question for David or myself, shoot me

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an email KLF Kerrie lets dot com. Everyone, we'll get

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back to you as quick as we can. We're getting

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inundated with emails now and we'll do our best. David,

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great talking to you and we'll be in touch soon.

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Speaker 4: You too, Carrie. Always great talking to you, and thanks

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again for having me on.

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Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

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solution to today's trying times. For the latest, go to

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Financial Survivalnetwork dot com. Financial Survival Network

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Speaker 4: Now more than ever,