ALERT!!! Silver hit $64.31 today – Kirk Elliot nailed it

➡ Marjorie Wildcraft and Kirk Elliott discuss the current state of the silver market. They note that the demand for physical silver is outpacing the available supply, leading to a significant increase in silver prices. This situation is further complicated by countries repatriating their silver reserves and a mysterious request for a large amount of physical silver delivery. The discussion ends with a question about the future of the silver market given these circumstances.
➡ The article discusses the recent volatility in the silver market, with trading being halted due to significant price changes. The author notes that a similar pattern occurred in 2001, leading to a 10-year bull market for silver. They suggest that the current market conditions could lead to a similar increase in silver prices, potentially reaching hundreds of dollars per ounce. The author also warns of a possible major correction in the stock and bond markets, and encourages investors to consider silver as a safer investment option.
➡ The discussion revolves around the rising value of silver due to high demand and low supply. Major banks are predicting a significant increase in silver prices, despite past efforts to suppress such news. The speaker encourages listeners to invest in physical silver, even in small amounts, as a stable asset amidst unstable fiat currencies. They also provide information on how to purchase silver and the services their shop offers, including rolling over IRAs and 401ks, and setting up storage for physical silver.

All right, according to this thing, we’re, we’re live. Hey, everyone, this is Marjorie Wildcraft. I’ve got back with me the fabulous Kirk Elliott from KEPM Precious Metals. Kirk, welcome back. Hey, it’s great to be with you, Marjorie. Gotta say, right out of the bat, so last month when we did the interview together, Silver was like really having a hard time. It was like that 50, 48 sometimes, you know, it was just like right in that range. And I said, what’s your predictions? And you were like, by December it’ll be 65. And that’s a pretty big jump.

And a holy cow, it’s like 64, 15 right now. So, so I’ve been, so, I’ve been saying this for months that we’re going to hit 67 to 75 by the end of the year. And people call and say, kirk, are you smoking crack? What is wrong with you? It’s like, no, of course not. There’s fundamental reasons why I say this, right? Because, but I sort of understand their sentiment because when I started saying that, you know, two months ago, silver was in the 40s, right? It’s like, wow, it’s like, that’s a big jump. It really is.

But here’s the thing. When you run out of silver, which they did in London, which you and I talked about, right, they, they don’t have any free float silver for exchange for physicals, meaning if you’re Sony or Samsung or Lockheed Martin and you’re saying, hey, these futures contracts that we had to lock in our price, we need delivery of it so we can manufacture stuff or banks want meeting delivery, whatever. It’s not there, Marjorie. It’s not there. Yeah, right. So, so this is the problem and it’s so not there that if, if you look at the amount of futures contracts versus the amount of available silver to back up those futures contracts, it’s about 350 ounces of paper for one ounce of physical delivery silver.

This is how overleveraged they are. Which is, doesn’t take too many people saying I want physical delivery for them to actually truly run out, right? And this is what happens. So all that, all that paper was out there for the longest time and it didn’t matter. But the bottom line is now is they don’t have the metal to deliver. Yeah, they don’t have it. And I’ve, I’ve heard even a bunch of sovereign nations, a whole bunch of the eu, like Italy, Hungary, Poland, almost all of them Germany, they all pulled their metal out of London and said, we’re not going to store it over there anymore.

We don’t trust you guys. We’re repatriating it back to our countries. So like we’re seeing this massive, the world just grabbing whatever silver they can and they’re holding on to it tight. That repatriation is a big deal. So, but here’s the problem. All roads lead to London, right? When, when you’re dealing with metals, because the lbma, the London Exchange, it doesn’t hardly matter what country you’re in, it all needs to get to London so they can disperse it to the rest of the world. That’s just how it works. Yeah, it’s just how it works. So with all this repatriation, you know, in countries like, I don’t know if you and I talked about this a couple months ago or not, but there was.

So for a while all this gold was leaving London, leaving the rest of the world and coming to New York, right? Coming to Comex, right. And people said, well, it’s because Trump was going to back the currency with it. Who knows what the real story is or why. But the fact is it was coming, right? So China has a ton of gold and silver. India has a ton of gold and silver. So it’s not like there’s this massive shortage of gold and silver. It’s just not in the right place. So this caused a leasing problem because banks need to fund these settlements even if they only take 72 hours.

Like when somebody wants to, if you’re buying or selling gold or silver from me, right, it’s like, okay, we buy it off the exchange, it settles in 72 hours. Banks Finance that, right? So they’re thinking, we’re not going to finance anything coming out of London. We don’t know if they’re going to exist, right? This is a big deal. So the lease rates went up to 100% a year. I mean, it’s like what this, this equates to at 100% a year lease rate, 15 cents a day per ounce of silver that’s stored somewhere else. It’s like, okay, this is going to put refineries out of business.

No, Everyone was dumping their inventories, going flat because the carrying costs were too high. So here’s what happened on Thanksgiving. You, that’s the backdrop, right? So on Thanksgiving, I’m at my in law’s house and I just ate a bunch of turkey and I’m napping and watching football and whatever you do on Thanksgiving, Right? Yeah. No idea that the world was about to change. Because on Thanksgiving Comex, the CME Group, which is Comex, a big depository here in North America, they halted trading on silver and copper. They halted it. They blamed it on a cooling tower issue.

It’s like, okay, hold on. I’m a businessman, you’re a businesswoman. If you’ve got the largest exchange in North America, you’re going to have a redundant cooling system to cool down your server room, right? It’s like triple redundant. And that’s not a heavy trading day. There’s not going to be a lot of heat. You know, I mean, this is the thing. The markets were closed, the banks were closed. What was actually happening that overheated the market? The answer is nothing, right? I mean, to me, this is my opinion, nothing. It wasn’t an actual trading day. Right. So.

But it’s. No, it’s not Thanksgiving in China and other places, right? So there is some international trading happening. But, but when you look at some of the reports that were coming out, there was a big mysterious request for physical delivery by the end of December of 400 million ounces. Oh my gosh. Okay, so this is, this is a weird story, right? By an associated person. What’s an associated person in these terms? It’s somebody that, they don’t want the name to be disclosed. Right, but, but so it could be a hedge fund, it could be a bank, it could be Blackrock, it could be all kinds of stuff.

Right? But 400 million ounces tells me this is way too big for even those entities, even too big for BlackRock. Right? So that’s sovereign country type stuff. So because the total amount of silver mined in a given year from all of the mines all over the world is about 850 million ounces, are you telling me that there’s some entity wants half of the global mining supply delivered by the end of the month? Yes. This is what the, what the reports are starting to show. So who could that be? It’s not going to be the United States because this would bankrupt JPMorgan Chase and Bank of America and some of the.

I mean, that’s not, it’s not going to be us. It’s probably China, is. Is my guess the only one. Or India, you know, I mean, India has declared they want to be the solar panel manufacturer of the world. And they’ve been buying silver at an incredibly aggressive, aggressive rate. So, yeah, either China or silver. And you’d mentioned before that even though China has a big stockpile of silver that is not available, China’s not going to sell that stuff. So it’s not right. And, and so part of the other reason why Comex or China, India isn’t sending metals into London to cover their shortfall is because nobody knows what Trump’s tariffs are going to do.

Right. Is he going to slap a 25 or 50% tariff on England or the European Union? So they Comex sends silver there and then they need it like three weeks later. I was like, well, nuts. Now a tariff has been in place. It’s going to cost us 50% more to bring it back. So they’re not doing it because of the geopolitical potential ramifications. We don’t know what’s going to happen with tariffs yet. Right. So, so anyways, you’ve got this going on. So that caused silver to spike. Well, so, so rather than these banks defaulting because that kind of demand when there’s no supply really to begin with is going to cause the prices to spike when you’re a big major bank and you’ve got all these short positions on silver, when silver spikes, you lose money hand over fist.

So what did they do? Rather than potentially defaulting, they just, let’s, let’s just halt trading. Right. This is how I think it played out because you would, you’re going a little bit digital on me there, but I’ll recap. And for people who didn’t quite get that is rather than default because Comex doesn’t have the metal to deliver that and they would have to default. They, they halted trading. Which is what? Well that, you know, that’s the next question is LBMA doesn’t have the silver. Everybody’s pulling their silver out of everywhere and taking it home and holding on to it and hoarding it.

What’s the end game for this? Like, you know, how, how does this, what happens here? Yeah, so the end game gets pretty, pretty wild. So, so they, they had to halt trading so the banks wouldn’t default. That’s not a good story to lead with. Right. So said it’s the cooling tower, but we know that’s not it because the halting trading isn’t abnormal, Marjorie. I mean this happens a lot. You can all trading because of a technical issue like a cooling tower going down. Sure. You could, you would also halt trading if there’s too much price volatility.

Like if prices move more than 10% in either direction over a 60 minute span, they will halt trading to stabilize the markets. But usually it’s a two to three minute delay and then they start back up again. Right. They just, okay, got to take A breather, right? It wasn’t either one of those. It was 10 hours. And so then the next day on Friday it opens up again and went from 54 to 58 overnight and then it corrected down to 57 on Monday. That was like couple days ago. Now what is it? It’s 64 and some change.

So since Thanksgiving we’ve gone from 54 to 64. A $10 move. And I don’t know how many days it’s been. It hasn’t been very long. It’s like a week. Right. So whatever it’s been. So it’s like good grief, this is insane kind of activity. Which makes my projection earlier in the year 67 to 75 look like we, we could hit that tomorrow. I mean, yeah, really. I mean it’s, it’s been really fun to watch it rock it up, you know, $2 a day. I’ve been waiting for this for 20 years. There’s one other big thing that I want to talk about.

It’s going to be a little bit of a story. But, but something happened on Friday when Silver went from 54 to 58. A signal was breached, right? That, that. So when you compare silver to the broad based stock market s P500SPX, it broke through that trend. It outperformed. Right. So this, the last time that this happened and we don’t have to go into the technicals of the moving averages and everything that it breached. Right. But the last time this happened was in 2001. So in 2001 that was. I started in this industry in January of 2002.

So few months before I started, this same thing was breached. The signal was placed. Silver broke through the S&P 500. This caused silver to have a 10 year bull market right. Where it went from $4.50 something cents to $48 by 2011. That’s a 10x increase. So now it happened again. When did it happen? Not when silver was 18, like three and a half years ago. It happened on Friday after Thanksgiving when silver was $58 an ounce. So last time the signal happened it created a 10 year bull market. A 10x move. The new starting point for this one is $58, not $4 and 50 cents.

So where does that bring silver to? I don’t know. I don’t know. But even if it’s double, triple. What if it is 10x? Right. This, this would put silver in the hundreds of dollars an ounce by the time this bull market is over. But I still think we’re going to see 120 to 140 by the end of spring, early summer. And this, this kind of action is not just one of those, hey, this is, this is really great for our portfolio kind of thing. This is life changing legacy building type movements. When our goal is wise and prudent investors or anything in life, we want to flee from harm and we want to get to safe ground, whether that’s with our health, with the food that we eat, with our finances, where we live, all of this stuff.

Right. So. So financially speaking, I think the markets, the stock market, bond market is about to get hit really hard because Japan, they’ve been the global financing arm for global growth since the 1980s because they had 0% interest rates and borrow the yen at 0 and same day invested into European treasuries or US treasuries at 3 or 4%. Instant arbitrage, they would make money without any risk. Right. But that’s not the case anymore because a few weeks ago the yen’s interest rate went to 3.75%. That’s not too different than what the dollar’s yield is at. Right.

So why. So the yen carry trade is over, it’s just done. You can’t automatically borrow the yen and invest in something else and make money. You just can’t anymore. So. So without the global financing stimulus of free money coming from Japan, there’s not going to be money going into the stock and bond market globally. Right. I think we’re on the verge of a massive correction in those markets. But, but we’re on the verge for strong fundamental reasons of low supply, high demand. Everything we’re seeing in gold and silver, which isn’t a thing that’s to come. This is the thing, Marjorie.

I don’t think that the move that we’re seeing in silver right now is the beginning of the end. I don’t think it’s the end of the end. I don’t think it’s the end of the beginning. I almost think because that signal was breached, this is the beginning of the beginning. Yeah. Great as it has been so far, I mean, we’re up 115% year to date in silver. Gold’s up a little over 60%. Literally. Silver is almost doubling the rate of growth of gold. Even as great as that has been, I think what’s coming is even greater because it’s just like this is just getting started.

And I’m excited for that. I’m excited for everybody who wants to prepare and protect and realize we don’t have to settle for survival mode. In this world when we can thrive, right? It’s like, and this is one of those. Those monumental times in history where it’s the culmination of a perfect storm, right? Where geopolitical concerns, political issues, fallout in, in the ruling party in America, right? The Republicans control the Senate and the House and the White House, right. I don’t know what’s going to happen. At midterms, I will probably lose the House, right? So now we’re going to have a stalemate.

What is going to happen here, right? I don’t know, but there’s turbulence whenever there’s turbulence. Normal traditional markets hate that. Gold and silver love that, right? It’s just kind of. You put a personality to an investment. Gold and silver love chaos. And we’re in. Living in a world of chaos, but it doesn’t mean we have to live in that world. We can bring peace in the midst of the storm by our actions, right? And this is where I get so excited about helping people get out of harm’s way and actually have a smile on their face.

Every single person that I talk to, every single day, they call and say, hey, Kirk, this changed our Life. We’re up 200% since we met you. We’re up 100% this year alone. You know, it’s like we bought two weeks ago and we’re already at a big profit position. It’s like, I know, it’s. It’s just, it makes me smile. It’s really wonderful after, you know, my 20, 25 years of watching silver and it has gone up, right? But, and I tell people all the time, you know, we’re in this total transition of fiat currencies dying, governments restructuring, global trade shutting down.

We’re in World War Three, whether you acknowledge it or not. We have invaders coming into the US and all over Europe. I mean, we’re in a period of incredible tumult. One thing I can guarantee you is that your US dollar is losing value last year, at least by 30%. And who knows how much it’s going to lose in 2026. But there’s also. I really believe the Creator would not just leave us hanging dry. And silver is that very, very simple, know, option. You can have it in your own hand. It’s going to explode in price. I mean, it.

It’s one of those opportunities that the Creator has given us, the people, you know, you and me and whatever. But I, I don’t think, you know, just like I teach people, you know, yeah. You know, the food prices are going up, the food’s getting more and more toxic. You can grow your own food, like there’s always a way to do something. And for the times we’re going into you, there’s, you’re going to have so many stressors on you. You don’t need to have financials be your, one of your stressors. You can position yourself now to where that’ll be one less thing you have to worry about.

You’ll have the resources to, you know, trade and get what you need. So I’m right with you, Kirk. So you’re journey together and I just love it. I just love it. Marjorie. And so your predictions are you want to give us another price target and time frame and. Well, I, I mean, literally, we’ve got two weeks left before the end of the year still. Yeah, 7 to 75. But I think we could blow through 67 by tomorrow, given the rate. Yeah, right. But still, I think that’s a good conservative estimate by the end of this year, I think late spring, early summer, 120 to 140.

But you know, I was kind of a lone wolf in that number for many, many months, probably the last half a year until last week. Now some big major international money center banks are thinking, wow, with what’s happening here with interest rates, what just happened in London with the, with the shutdown at Comex, right. This just screams no supply, high demand. The numbers are 140 to 200 by some of these big banks. It’s like, wow, that puts me on the low end. But I’d rather under promise over deliver. I’d rather be a conservative estimate because still at 120 to 140, that’s still doubling from where it is today.

Pretty dang happy. Yeah. That’s amazing that the big banks are actually starting to talk about it because for decades they did everything they could to suppress any news about silver or any news about how the supply keeps dwindling or, you know, and, and J.P. morgan got fined the largest fine ever. It was 900, what, $20 million, almost a billion dollars. They got fined for manipulating the silver market and yet they’re still in charge of SLV and the warehouses and all that stuff. I mean, so that they’re, the bankers themselves are starting, and the big analysts are starting to come out and go, hey, this is gonna go up a lot higher.

I. That’s huge. That is really, really huge. So good. It is so good. Yeah, well, I actually think it’s going to be a lot higher. I mean, there’s that 600 number that has been floating around the conspiracy circles for years. And honestly, a 10x move, you know, 50 years ago, if you talked about a 10x move, that’s unthinkable. But we’ve seen, you know, cryptos, do you know 100,000 X moves? Right? I mean, we’ve seen these things happen. This is what happens when a fiat currency dies. You can see some unbelievable craziness like this. And it’s an opportunity.

And the thing is, when we do get to sound money, which who knows how many years that’s going to take, these kind of opportunities will not exist because you only do this with fiat currencies. So anyway, I’m encouraging everybody, even if you only have a few dollars, go to the pawn shop and buy a silver D time. You know, Kirk’s, you’ve got a great team. You guys are for folks that really want to talk to a real human being. And I definitely get that. I’ve been in two factor authentication hell for the last couple of weeks.

Kirk, how do people get in touch with you and tell them a little bit about what your shop does? And yeah, so you can just go to the, to the link that you have on the show. It’s kepm.comforward/grow, right? Or you can just call us 720-605-3900. Just say Marjorie sent you, right? And we can help you roll over your IRAs. If you’re still working for a company and you’re over 59 and a half, we can roll over your 401k. Right? If you’re under 59 and a half, you’re. You can’t. You just, it’s, it’s not yours until you’re 59 and a half.

Right, but. Or just cash you have in the bank, you know, you can take delivery of it at home or we can set up storage for you. There’s so many options. But everything I just talked about, it’s physical. Silver or gold. 100 ounce bars, 10 ounce bars, 1 ounce rounds, kilo bars, right? It’s not paper, it’s real. Even if you’re storing it, it’s still the real thing in your name and your name only. Right? So. So that’s how we can help you. I would take advantage of this market. Roll it over if you’ve got it. Get out of paper, get out of harm’s way into something that’s stable, steady and built for such a time as this.

Well, I gotta say, it’s so exciting and so rewarding. I really appreciate you coming On Kirk, you explained things so clearly and simply. And gosh, that 400 million ounces is what shut down the Thanksgiving thing. I hadn’t heard that. So that’s a piece of news. Yeah. So kepm.com forward/grow. Yeah. Please go pick up some silver because there is going to be a time and it’s not. You do have some in stock, right? You have, you have stuff like thousand ounce bars. They’re not available anymore, which is crazy. That’s the manufacturing staple. This is what the big manufacturers purchase.

Can’t get any. Yeah. That just tells you how limited supply is. There’s. There’s lots of countries where you can’t buy it now at all. Yeah, you know, there’ll be big long lines and there’s none available, so we’re lucky here in the U.S. do you, do you ship overseas? Like to Canada? We did have some Canadian inquiries. You only. Only have to ask. You have to have a US bank account and you would have to open up a storage account in Texas if you’re from another country. Right. So. So, yeah, but it’s. I wish we could. No, we had some Canadian members that were asking and they want to buy and I said I’ll check with them the next time we have a thing.

Please go buy some silver. Yeah, yeah, go buy it. Go buy it. You won’t. You, you’ll. You’ll totally be thrilled with it. This is one more step that you can do to prepare for. We’re in it. Like, if you don’t recognize we’re in the apocalypse right now, we’re in it. So. Yeah. Well, thank you again, Kirk. It’s Kep. Forward, slash, grow, reach out. He’s got real human beings that you can talk to that’ll guide you through this. And I really like that. I’m a little bit tired of the online stuff, although I do it from time to time.

Kirk, thank you so much again. I really appreciate you for being here. My pleasure. Bye. Bye.
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