"We're Seeing Something We've NEVER SEEN BEFORE" | Gareth Soloway & Lynette Zang

本站添加: 2026-05-20

[00:00:00]So, again, if you're a bull, you really got to see this $76 level hold. If it breaks 76, it likely tracks down to this 64 to 66 level. And if that breaks, which the pattern insinuates it will eventually, you're headed to basically $50 or just sub $50 silver. And again, you know, again, to me this is just the normal breathing of a normal chart that it gets overdone to the upside, but I understand people that bought in north of $100, they're feeling the pressure. I mean, they'll be down 50% at that time.

[00:00:31]Almost in this last year, you've had what? Over 312 million ounces. Actually, that's the last 24 hours, just disappear.

[00:00:41]And again, where silver is used, there is a finite amount, but in the meantime, there are 36 different physical users.

[00:00:51]So, don't believe the fiat money lie on the contracts, because they can create as much silver that does not nor ever will exist. Gareth Soloway, chief market strategist, described the recent pullback in gold and silver as a typical correction that often emerges after markets experience an extended and overly aggressive rally. His analysis points to a sequence of lower highs and lower lows in gold, suggesting that momentum-driven participants may still need to exit the market before a more durable foundation can develop. Soloway argued that if silver loses technical support near $76, the market could rapidly decline toward the mid-60s before potentially testing $50. Silver and gold markets are entering another period of intense scrutiny as traders, central banks, and long-term investors struggle to interpret conflicting signals from price action, physical demand, and global monetary policy.

[00:01:51]Recent commentary surrounding silver's critical support near $76 and gold's fragile rebound below record highs reflects a broader debate over whether precious metals are merely correcting after historic rallies or preparing for a larger structural move. Both metals now sit at the intersection of speculative momentum, sovereign debt concerns, and shifting confidence in paper-based financial systems. Despite his short-term caution, Soloway maintained that the long-term backdrop for precious metals remains constructive. He highlighted unsustainable debt burdens facing major economies where rising debt to GDP ratios continue pressuring bond markets and forcing governments to rely on fragile monetary interventions. In his view, central banks may still stabilize conditions temporarily through liquidity measures and policy adjustments. Yet, the broader trajectory points toward a future erosion of confidence in sovereign debt systems. That expectation explains why he continues viewing major declines in gold as opportunities for long-term accumulation. Now, we present the clips from Gareth Soloway's interview. Before we dive deeper, take a moment to like this video, subscribe to the channel, and hit the bell icon so you never miss timely updates. But, really unless there was a big U-turn in the US government and central banks around the world and other governments, gold is the long-term asset along with probably silver and other precious metals that really will give people that security that they crave. Um now, in the short-term, there's a different story here. The different story is that we're now in a short-term downtrend, and the chart clearly shows that with highs, lower high, lower high, lower low, lower low. And you can see how gold continues to react as a risk asset. And again, historically, Danielle, you know this, it's really not a risk asset, so it shouldn't be behaving like one. And that tells me that investors, um people have gotten into this trade that normally wouldn't buy gold. They got into it for momentum and it needs to flush those players out. And so I'm still overall short-term bearish. I still think we're heading down sub 4,000, maybe even as low as 3,500. But I certainly am going to be a buyer when it gets below that 4,000 marker um to add to my long-term holdings on gold. You know, anyone who's got a long-term Listen, if you're you're in it for a quick buck, then yes, you're going to be disappointed. But if you're in it for the long-term like I am with my longer-term holdings, it's just part of the cycle, right? You have these massive moves to the upside. And if we zoom out on the chart, I mean really we've been rising since 2022 when we were trading around 1,600. And even if we pull back to 3,500, I mean think about this. 2-3 years ago, if someone said 3,500 gold, we would have all been ecstatic. So, you have to let these cycles breathe. I know we all want to become zillionaires overnight, but charts just don't work like that. And if we look at this, right? We're only talking about a drawdown off off the highs from that 2022 low of basically a retrace between 50% and 618, right? So, I mean it's not a massive reversal. And in markets, if you look at Nvidia stock, if you look at the S&P, if you look at even Bitcoin, these type of reversions are very, very normal when things get overdone to the upside. So, think about it like this. You ran a marathon in gold. It now can't run another marathon without having a heart attack. It needs to rest. It needs to refuel. Then it will go on its next leg.

[00:05:20]>> Yeah, and and it it is it's on a very short-term like next few days. What we can see here in the chart is that it's hovering right on this short-term support level. So again, if you're a bull, you really got to see this $76 level hold. If it breaks 76, it likely tracks down to this 64 to 66 level. And if that breaks, which the pattern insinuates it will eventually, you're headed to basically $50 or just sub $50 silver. And again, you know, again, to me this is just the normal breathing of a normal chart that it gets overdone to the upside, but I understand people that bought in north of $100, they're feeling the pressure. I mean, they'll be down 50% at that time. And I think it's important for people to just recognize again is that, you know, going back to these monumental runs is that the narratives will shape the run, right?

[00:06:08]So, we heard about the the discrepancy in how much silver was out there. We heard about the silver contracts not having enough silver meet that. The demand, obviously, China was cutting off supply. All of those were fitting that monumental surge up. You can't chase it.

[00:06:23]I know it's it's human nature to buy in and then let emotion to kind of take over. But, the way I look at it and I I hope people realize is this is that there's always another trade or investment around the corner, right? In a month, we'll be talking about something new, and if you just wait, it generally will turn out better than if you chase some of these massive runs.

[00:06:41]So, the way I view yields is that the bond market has and the government and the central banks, they will continue to patch it up with band-aids, but what we're seeing is unsustainable with debts, um you debt to GDP in the US, in Japan, and it's the whole world beginning to get more shaky on ever getting paid back from these governments that continue to borrow money. And so, obviously, rates are going up in comparison because these people that are still willing to buy the debt of Japan, for instance, are demanding higher interest rates. But, even though we're seeing this, I don't buy that it's on the verge of collapse just yet. I think again, the central banks still have a few levers to pull, but it you have to as a as an investor that has a macro longer-term outlook, you have to look at this and say to yourself, this is going to end badly. The question is it is it a year from now? Is it 5 years from now?

[00:07:34]In general, I'm leaning towards 2029 to 2020 30. And the reason I say that is more so with the 100-year cycle uh from the Great Depression and I think things are going to get really bad. And I'm sure Michael Gayed would agree with that, just not not sure on the timing. A more structural interpretation comes from Lynette Zang, founder and CEO of Zang International, who focused less on short-term price volatility and more on the steady depletion of physical inventory within the comic system. Zang argued that dramatic reductions in gold and silver inventories reflect rising demand for physical delivery rather than ordinary speculative activity. She pointed to large withdrawals from exchange inventories, claiming that once physical metal leaves the system, it rarely returns. In her assessment, the growing divergence between paper contracts and available supply signals deeper stress within the global monetary framework. Zang also connected the precious metals story to broader historical trends in financial stability. She argued that the monetary system effectively fractured during the 2008 financial crisis and entered a more visible phase of deterioration after 2020, when investors aggressively sought physical stores of value amid economic uncertainty and market disruptions. Her interpretation suggests that gold remains the ultimate monetary anchor during periods of systemic distrust, while silver's volatility reflects the tension between industrial demand, investment demand, and speculative trading activity. The contrasting perspectives from Soloway and Zang reveal two interconnected dimensions of the precious metals market. Technical analysis highlights the emotional and cyclical nature of trading behavior, where excessive optimism often creates painful corrections before longer-term trends resume. Structural analysis focuses on the durability of monetary systems, reserve diversification, and the growing preference for tangible assets during periods of geopolitical and financial fragmentation. Now, we present the clips from Lynette Zang's interview. Now, let's get back to the video. What we're seeing is physical demand continues to escalate. And of course, we do know that there are a lot of entities that use just a finite silver, 36 of them. But, almost in this last year, you've had what? Over 312 million ounces. Actually, that's the last 24 hours just disappear.

[00:10:10]And again, where silver is used, there is a finite amount. But in the meantime, there are 36 different physical users.

[00:10:20]So, don't believe the fiat money lie on the contracts because they can create as much silver that does not nor ever will exist. But those users don't go away.

[00:10:34]And so, the volatility that you see in the markets, it's really silver telling you that something major is going on.

[00:10:43]But keep in mind, when that silver leaves the COMEX, it doesn't come back.

[00:10:50]But when you see the big spike in the debt, that's not the users. Right.

[00:10:55]Right? That's the traders.

[00:10:58]And soon, I can't tell you when cuz who knows, but at some point in the reasonably near future, well, what's going to happen is it will be the physical true supply and demand that dictates the prices. So, let's do the same thing with gold.

[00:11:16]Right? Look at that. That's the COMEX gold inventory. It looks even different than the silver, doesn't it?

[00:11:23]>> Yeah. Yeah, absolutely.

[00:11:24]>> It drops off that cliff.

[00:11:27]And you can see something even bigger than that. Here's There are uh Let's see. Yeah, this is where over 25 million oz disappeared in 24 hours. You saw that big drop-off.

[00:11:43]Again with the users, but I am going to show you what is happening in the long-term on the gold chart, which I did not see the same pattern in the silver.

[00:11:54]>> yeah. Look at this.

[00:11:58]Wow. Uh-huh. That goes back to 1993.

[00:12:03]Mhm. Right? At the very beginning. And you can see the major pattern shift that happened in 2020.

[00:12:11]And actually even 2008, it didn't change that much. But look what happened in 2020 with that massive upswing. And then again, in 2025, when we really started talking about the shift that's happening between the digital and the physical markets.

[00:12:30]>> Yeah. We're looking at the COMEX gold inventory.

[00:12:33]>> Inventory, yeah. That's what we're really looking at. So, in the beginning of 2020, do you remember um they even had to Well, they changed SLV to just reflect the spot price.

[00:12:44]>> Right. Right? Because they couldn't get their hands and they still can't. It hasn't gotten better. They they couldn't get their hands on enough physical silver to put those baskets together.

[00:12:55]>> But what this is really showing is the I think Yeah.

[00:12:59]>> is the final breakdown. Because I was convinced in 2008, I remain convinced today that 2008 is when the system actually died.

[00:13:11]>> Yeah. But from 2020 and and you remember what was happening in the futures markets and and all of the markets, there was this flight to safety. They had to build their inventory.

[00:13:22]>> Yeah.

[00:13:24]Right? Yep. Why? Hmm. Because gold is the anchor. Yeah. Because gold is what protects you from it. But look at the massive dips. I'm telling you right now what what we're looking at here is significant. It's very significant.

[00:13:41]Entities are standing for delivery. And just like silver, it there is a finite amount of it. And I I didn't have a chance to put these slides together, so kind of bear with me in there.

[00:13:55]But you can see you see this dark line Oh, you are not going to see it there, right? I have a laser here, right? If I point it here, does it work?

[00:14:05]No. Okay, the laser doesn't mean anything.

[00:14:08]But the first quarter of 2026, there was higher demand. Right.

[00:14:16]>> Right? That's a 5-year average. That line that you see in there is the 5-year average. So, demand is increasing even as the spot price after it peaked it it dropped. And people are Oh, well, maybe gold isn't because that's not gold.

[00:14:33]That's a contract. For institutional investors, the debate increasingly centers on whether gold and silver should be viewed as momentum trades, portfolio insurance, or long-duration hedges against sovereign instability.

[00:14:47]Central banks have continued accumulating gold reserves while many governments confront slowing growth, elevated borrowing costs, and weakening fiscal flexibility. That combination has reinforced the perception that precious metals remain strategically important even when short-term corrections undermine investor confidence and trigger aggressive liquidations across futures markets. The broader challenge for markets lies in determining when physical supply dynamics will exert greater influence over pricing than speculative positioning and leveraged paper contracts. If confidence in traditional debt markets continues weakening, the transition toward tangible reserve assets could accelerate significantly during the coming decade.

[00:15:29]Yet the timing remains deeply uncertain.

[00:15:32]Policy makers retain tools capable of delaying immediate systemic stress.

[00:15:37]Whether the next phase brings another severe correction or the beginning of a new monetary realignment, investors are increasingly asking how long confidence in debt-driven financial systems can endure without a decisive return toward hard assets. So, stay tuned for clear, data-driven insights into the financial system. Don't forget to like and subscribe so you never miss our weekly updates.

[00:16:01]Thank you for your continued support, and we hope you enjoy the video.