5 Minutes Ago! DAVID HUNTER & JIM RICKARDS Shared Terrifying Gold,Silver Predictions

[00:00:00] Speaker 1: we all see the price action the question is um what is this do we hit a peak and was that a bubble or a hyper spike and now it's it's going to keep going down and uh you know get out while they're getting as good etc or is this just how it goes is this a normal i'll say normal like not unexpected uh commodities price draw down and a good setup for the next leg up to a much higher level my my target uh my intermediate target meaning late this year early next year ten thousand [00:00:30] Speaker 2: dollars announced is still intact now the next cycle is going to be very different than this one in terms of leadership the next cycle is going to be commodities and industrial you know silver will go to a thousand gold will go to twenty thousand copper will go to who knows twenty dollars or more from you know probably probably more um natural gas which is three or four dollars two or three dollars could go to fifty um you know it's going to be a commodity cycle jim records and david hunter's [00:00:59] David Hunter: market outlook points to a potentially major commodity cycle ahead arguing that the current gold correction may represent a normal drawdown rather than the end of the broader bull market hunter maintains an intermediate gold target of ten thousand dollars per ounce while highlighting commodities and industrial assets as potential leaders of the next cycle his long-term projections include silver at one thousand dollars gold at twenty thousand dollars copper above twenty dollars and natural gas potentially reaching fifty dollars these forecasts are highly speculative but the analysis emphasizes inflation commodities industrial demand and long-term market cycles now we present the clips from their interview subscribe now metal moves for daily updates on precious metals economic trends and wealth building opportunities stay ahead of the financial shift and never miss a market moving alert [00:01:55] Speaker 1: we all see the price action the question is um what is this do we hit a peak and was that a bubble or hyperspike and now it's it's going to keep going down and uh you know get out while the getting is good etc or is this just how it goes is this uh a normal i'll say normal like not unexpected uh commodities price drawdown and a good setup for the next leg up to a much higher level uh i i uh i'm sure that it's the latter that this is a drawdown and um it's uh we're my my target uh my intermediate target meaning late this year early next year ten thousand dollars an ounce is still intact now that's easy to say but let me kind of look behind the curtain a little bit and and i kind of analyze that um the fundamentals have not changed when i say fundamentals um you know uncertainty in the persian gulf uncertainty in the war in ukraine central banks are still net buyers china's buying hand over fist um mining output is flat i'm not saying peak gold in terms of mining but when you have flattish uh supply and rising demand that's a recipe for higher prices and uh uh pardon me um we can all see what's going on with inflation uh so uh so so none of those fundamentals have changed so what what did happen uh well a couple things number one uh well when when the war in iran broke out at the end of february but you can kind of see it coming uh the they shut the straits off her moves and it was a time it was a double blockade iran was blockading the straits and the us navy was sitting out in the arabian sea so iran didn't let anybody through unless you were friend of iran or china and you paid a toll but if you met those criteria and you got through the us navy was waiting outside to board your vessel blow you up and turn you around so uh so how many people in the world were friends of both the answer is nobody you were either pro-iranian then the navy stopped you or you were anti-iranian and the iranians stopped you so it really was shut off and i don't have to recite all the statistics we all you know 20 of the world's oil 20 of the world's liquid natural gas the larger percentage of the sulfur people like what the heck is sulfur i mean they know what it is but why is that so important it's a precursor chemical and just about every uh important chemical process you can think of uh and then also a major source of helium like yeah you blow up party balloons no you yes but you need helium to make semiconductors so uh and then aluminum and then fertile uh nitrogen uh nitrates sorry nitrates to make fertilizer to feed the world uh the implications of this are mind-boggling again people have been through that for the last couple months some vessels are getting through right now um but not that many even on a good day it's less than half the prior traffic so the idea that you know the coast is clear is is just not true now what does that have to do with the price of gold the world needs oil now there is oil around the us is uh the us is not going to run out of oil we have seen higher prices we're not immune from a world price but uh we're not but we we're not an exporter we get plenty of oil we've taken over the benezuelan oil we're good friends with guyana right next door to benezuela they might have larger reserves than benezuela for all we know so they're we're still exploring that um we kicked the chinese out of the panama canal um and trump's opening up uh leasing uh opportunities for oil and natural gas on federal lands the gulf of america alaska and elsewhere so the us is not going to run out of oil neither is russia but they don't have enough to supply what's missing from the persian gulf so will we send some to japan because they're friends of ours yeah but what does that do for malaysia and india and uh uh you know in africa and europe for that matter and other places the answer is not much russia could supply all the natural gas europe needs but the europeans just seem to be intent on uh economic suicide basically uh cutting off the russians for for no good reason so again how does that affect gold the answer is all those commodities i just described are priced in dollars they just are um and if you if you want those commodities and they're in short supply and the price is going up you need dollars and the price goes up more you need more dollars well how do you get dollars well one way to do it is to sell gold uh and get dollars so that created the downward pressure in other words countries they said central banks are in net buyers and they are but some countries including um uh turkey uh uh russia to some extent uh china and others sold gold to get dollars to buy oil so that's so the the downward price pressure on gold had nothing to do with uh you know inflation and monetary allocations and uh long-term trends all the things we were just talking about it had everything to do with the fact that the world was short of dollars and needed them and one way to get them quickly because it's liquid is to sell gold so that starts the downward price pressure then it feeds on itself so all of a sudden you know leverage traders are hitting stop losses so they're selling and the commodity trading advisors they just love trends they don't care if it's soybeans or gold like hey it's going down sell more um and then you hit more stop losses it feeds on itself and it keeps going down so the trigger was the dollar shortage so it was so gold get dollars to buy oil because you need the oil and then the momentum continued for the reasons i mentioned which is stop losses uh and just you know momentum traders okay so we are where we are but all that's beginning to run its course uh i'm not the war in iran may continue it probably will but uh some oil is getting out other suppliers have increased their output uh oil prices have dropped from you know as much as 110 a barrel down to around around 70 67 uh when i looked this morning at some of the tickers so that um urgency about getting the dollars is diminished number one some oil is getting out not enough but it's getting out so a lot of that pressure is off um and i go back to uh something that jim rogers told me oh it was eight or nine years ago uh but uh you know jim rogers probably the most famous commodity trader [00:08:18] David Hunter: jim records explains why the recent gold sell-off may represent a temporary commodities drawdown rather than the end of the long-term bull market according to records a temporary global dollar shortage forced some countries to sell gold to obtain liquidity for essential commodities triggering stop losses and momentum selling as energy flows normalize he believes this pressure could fade records maintains an intermediate gold target of ten thousand dollars per ounce while acknowledging that market forecasts remain uncertain and speculative let's get back to the interview the easiest thing to kind of look at if this [00:08:58] Speaker 2: scenario plays out as anywhere close to what i'm talking about you know if you get high double-digit inflation inflation interest rates track inflation pretty much so you're going to have high double-digit interest rates so keep in mind i was a pension fund equity pension fund manager back in the early 80s when we had 18 19 interest rates you know actually the t-bills got up to 21 percent um and the long bond got up to 15 20 percent i think we're going to exceed those this time around because if inflation goes to 25 percent you're probably looking at something close to that for t-bills and high teens if not 20 for the long bond uh and for the 10-year so as i say and i've said this many many times over the last several years the equation you can't come up with an equation that balances when you've got high double-digit inflation and high double-digit interest rates and budget deficits or our debt load that's through the roof and as you see as you rightly say not everybody gets this um we're you know i talk about the worldwide debt because i you know it's a number that i can talk about it's you know at least it's been somebody you know there's numbers out there that are this um there's so supposedly 330 trillion plus in overall debts sovereign plus private debt you know that's the third 330 trillion in the world i think that could go to 500 trillion because of the bus because what you're going to have in the bus not only money printed but you're going to be creating new debt to go along with that for fiscal expansion right because they're going to be bailing out everything in sight to hold the system together so so you could have 500 trillion in in debt you know you could go from what seems ridiculous at 330 trillion you can go up another 50 or 75 from that and and and and at the same time a few years out be looking at double digit interest rates we can't we can't fund our debt we can't service our debt at five percent how the hell are we going to service it at 15 percent or you know potentially 20 percent it it won't happen and people say oh they'll print their way out that's what they just did they printed their way out of the bus there there's a point at which and this is you know i'll have the timing wrong i guarantee you because it takes longer it happens in a different timing but at some point and then in the next cycle you will see the the fed will be out of the game the printing press will be shut down because there's a point at which you cannot print more money because it it instantly creates more inflation and higher rates than you just had so it's a it's a it's not just diminishing returns it's negative returns you're you're every time you print more money at that point in time when we cross over that point you're going to be actually behind even further because that money instantly goes into even higher inflation higher interest rates so that at that point the central banks are out of the game the printing press is shut down and and shut down for a long time and all of a sudden you realize there's no there there i mean we don't have we we don't have a system you know we we can't go to the capital markets because the capital markets will say you can't service it that we're not buying any more debt you all of a sudden have to live within your means and what happens um kind of like bernie madoff the ponzi scheme just unwinds very quickly and that's by the mid-30s mid-2030s that's what i think we get is again this isn't just us this is systemic worldwide collapse well the things have changed i mean you when you have gold go from you know 2000 to 5500 or 5600 and now obviously back to the low 4000s um silver go from you know single digits to um you know 122 and now back to uh 60. um you know that were that big rise up in the prices of the metals even poorly managed miners figured out a way to have have cash flow and they've had probably their best cash flow in this last year you know the reports you're getting there are actually really good um and they're they're really cheap stocks on the basis of where where they are now and where they're going um my my silver target is 200 my and that's for this year my gold target is and again it's i don't do calendar year you know it doesn't have to be by the end of the year i think it will be but it doesn't have to be um gold my target is 7 000 and again as i said before i have a 20 000 target on goal for the you know 30 20 33 let's say and a thousand target on silver uh yeah silver so they you know this isn't the top for them this isn't the end of uh secular bull market for them but they will get hit in the bust um but i do think we just made major bottoms in both you know they had they spent the last six months unwinding all that speculation that happened in january december and january you know they had such tremendous runs particularly silver in in those couple months and people jumped on the bandwagon very late you know i've been a big bull on gold and silver going way back several years a lot of it was ignored until this last move and all of a sudden again as i mentioned earlier the tape is what draws people into things and they had such a a tremendous bull market tape in those you sucked a lot of weak hands people in and you've spent the last six months unwinding them and they've thrown in the towel we've i think we got the bottom a couple weeks ago and we've been kind of building this short term trying to trying to shake out whatever's left of people were hanging on and you know as of this week or as of the last week uh we're starting to turn the corner and i think you're going to see it doesn't have to happen this way but silver could go from you know silver went from um you know 35 to 122 and and basically went from when it broke out above 48 or 50 uh went from there to 122 in a few months um you could have a steeper run this time even doesn't have to be but it could be where you're you go from you know 55 was a low a couple weeks ago um you could go to that 200 and get there in two or three months um and and so you know my view is that the miners as a re as a result of that big run up in the metals i see coming uh will yes will in many cases for gold i'll use gdx i think gdx is where is that now maybe uh 95 i don't know um i'm calling for gdx to go to um i think 180 um and uh gdxj to go to 250. so the those are probably two and a half times the silvers silj uh which is you know got down into the 23 4 area i don't know where it is today um i'm calling for that to go to 90 so almost a quadruple um so and a lot of the minor stocks i think you're going to see that triples and quadruples um so to me it's an area where they've they've people got pretty discouraged over the last few months because they just haven't couldn't get out of their way they're going down but that they have to look at the whole last couple years and see where they came from and i think we came down to a very sweet spot where they are turning the corner again [00:17:24] David Hunter: as we speak david hunter warns that extreme inflation soaring interest rates and expanding global debt could eventually push the financial system toward a severe systemic crisis he argues that central banks may eventually lose the ability to rely on money printing as inflation and borrowing costs accelerate despite this bearish macroeconomic outlook hunter remains highly bullish on precious metals believing gold and silver have recently formed major bottoms after months of speculative unwinding his targets include 7 000 gold and 200 silver with even higher long-term projections hunter also sees substantial upside potential in mining stocks if the precious metals bull market resumes let us know your opinion on this analysis in the comments below if you enjoyed this video and found it valuable make sure to subscribe and enable notifications so you never miss our latest updates on gold silver crypto and global markets thanks for watching the metal moves we'll see you in the next video