METALS/OIL Rebound off Exhaustive Fake News Narrative

Added: 2026-05-19

[00:00:00]Hello friends, welcome back to Full Bore Silver, Monday, May 18th. Hope you had a great weekend. We had the propaganda news coming out saying there could be some solution to the Strait of Hormuz issue.

[00:00:11]Guess what? They don't want a solution.

[00:00:13]They want it locked down because this makes it economically viable to have projects like ConocoPhillips just announced with Glen Farren liquid liquefied natural gas out of Alaska. Suddenly, it's financially viable to ship American liquefied natural gas to Europe and the Far East.

[00:00:31]They don't want a solution to this. They want Ras Laffan closed down. So, you had spot print coming off quite a bit down to 109. We're back up to 113. It was the easiest play in the world. I bought in more ConocoPhillips at the bottom. My lady was in bed. I told her to get up, get out of bed, get on the terminal, and buy some ConocoPhillips.

[00:00:53]And well, she did just that. Uh, we've got gas breaking levels. It broke my 365 level.

[00:00:59]What's cash contracts?

[00:01:01]Uh, nationwide, gas is going up, oil's going up, everything petroleum's going up.

[00:01:08]Gold and silver, nice rebound off the bottoms.

[00:01:12]We had silver off to 7380 back to 76 now. We are forming on a longer time frame, a nice W or cup and handle.

[00:01:25]I'd like to see us above 8305. My next level, 8937 above that, then 9592, and of course, 12169 from January.

[00:01:37]We have to get those We have to get through those levels to kind of get that continuation out of the chop zone. Now, gold, 4542. I'd like to see it over 4774 and eventually 4891 before we proceed back up to 5000. I was having a conversation with Aaron Texas Silver talking about the Fed and the government's posture on yields and such.

[00:02:01]Of course, we have yields just absolutely running wild.

[00:02:05]They're really caught between a a rock and a hard place. Do they tighten to slow inflation or do they print more money and induce quantitative easing? I think they just print into this. They've got to keep the Ponzi scheme going. They debase the US dollar more, more inflation, worthless currency, which is great for metals. Not so great if you have to buy anything you need, but hey, buy local, grow your own food, harvest your own food. Again, getting back to that preparedness theme. India curbs all silver imports for retail.

[00:02:40]Crock, tell me what's the fastest way to get retail to pile into silver? Well, you have major countries of a billion and a half people restrict imports. You can't have it. Demand scarcity breeds demand and restrictions breed demand.

[00:02:56]So, you're going to have people piling into silver. They're going to do everything they can to get their hands on gold and silver in India with these government curbs. We have a super El Nino on the doorstep.

[00:03:10]Talking about this winter super El Nino weather pattern. We haven't seen one of these in years. I kind of remember some of the last ones.

[00:03:18]82-83 was a monster one. Uh, I was I was young. I was in Upstate New York. I was skiing all the time at Gore Mountain in Upstate New York in the Adirondacks. Great winter. Then we had another one in 97-98.

[00:03:34]It was my junior senior college and I had the big pass. I was skiing four days a week at Stowe and Sugarbush and it was just it was incredible. I never wanted to leave Vermont. Of course, there would not be a winter like that again and they've had tough winters up there. This This past one was great. The West got absolutely no snow, but on a worldwide scheme, this is going to be hurricanes, droughts in some areas the world, famine, uh floods in other areas. It is going to be wild. It is not great for energy stability as well, and it only compounds the problems with the worldwide fertilizer shortages in terms of famine and the equatorial countries and South Pacific, etc. So, you know, we're going to see what happens there. But getting back to oil, yeah, you've got ConocoPhillips signing this 30-year deal for Alaska LNG with Glenfarne.

[00:04:30]Haven't heard this name a lot before, but they've got the contract. They seemingly came out of nowhere. I haven't done a lot of research on Glenfarne, but everybody knows ConocoPhillips, and you see that continued buildout. It's kind of like the LNG buildout that's taking place in Trinidad off the coast of Venezuela.

[00:04:48]A lot of the beneficiaries for that are Shell and BP. Of course, Exxon and Chevron are in everything, and then you've got the administration talking about making a little stop in Cuba after the Strait of Hormuz with the aircraft carriers. So, they want all that shallow water oil and LNG and everything else.

[00:05:07]All very, very rich mineral area, Cuba, in terms of zinc, lead, copper, etc. Market seems spooked. It looks like they're in their plunge protection team buying back some treasuries, printing money to buy their own money. Big huge scam, but you know, this is kind of why I don't see an imminent collapse of the SPX and Nasdaq because they are just going to print more money. They're going to buy their own stuff. It's all owned by the same complex, BlackRock, Vanguard, State Street, etc. They own it all. The It just It's one big Ponzi scheme. So, you can opt out. You can have physical metals in your stack. So, that's what we've chosen to do here, but we'll continue to keep an eye on that.

[00:05:48]Beautiful day here in Texas. Looks like we're going to get a little weather.

[00:05:52]They got that little crisis solved in Austin. Arrested three teenagers. Kia theft is off the charts in Austin because it's an easily broken into car.

[00:06:04]So, take heed if you own a Kia, but all these crazy teenagers are stealing cars and committing all these crimes in Austin because we have a Soros-funded DA, DA Garza, that does absolutely nothing. Lets them all off with a slap of the wrist if they've got a little bit extra melanin in their skin. But, you know, somebody like me, even with the sick tan that I have, I'm not going to be let off so easy. So, you know, it's I I really walk the straight and narrow.

[00:06:30]Live the Christian life. Anyway, have a fantastic Monday, May 18th. We'll talk to you soon. Full bore silver. Like, subscribe, share. Take care.