➡ The article discusses potential inflation and the impact on various markets, including silver, gold, and cryptocurrencies. It suggests that if you believe in an upcoming recession, you should prepare for an inflationary boom by buying stocks, selling dollars, and purchasing more gold and silver. The article also mentions that silver is on the verge of a significant breakout, and there’s news from Argenta Silver about their recent successful drilling results.

This is a way to keep foreign money in the U.S., to keep our standard of living higher, and to finance our refurbishing of manufacturing. Hopefully it goes well. But there’s something, it’s being spun now. And I’m not saying it shouldn’t be spun this way. But yesterday, Scott Besant probably made the most important mission of his tenure thus far. Welcome to the Morning Markets and Metals with Vince Lancey, where each morning Vince brings you the financial and precious metals news to get you ready for your day. And now, here’s Vince. We have a lot to talk about today.

We’re going to get to it in short order. We have three items to discuss. Ethereum has been upgraded to $7,500 as a price by Standard Trotter, and actually much higher. We’ll discuss that. We’ll also discuss Trump considering yelling over Powell, or considered yelling over Powell. And we’re also going to discuss South Africa wants to back a currency with critical minerals, and we tell you why that’s idiotic. Could happen, but it’s still idiotic. But before we do that, we want to give you some breaking news or breaking insight that will be proven correctly. For several months at Goldfix, we have been saying that Plaza 2.0, the Plaza 2.0 Accord, is happening one bilateral deal at a time.

Trump negotiated with UAE, with Saudi Arabia, with Japan, with Korea, with Europe to an extent. And in all those private deals, we asserted that he would get foreign direct investment. This is an important phrase, foreign direct investment, FDI. They commit money to the United States economy, and we steer them into the industries we want them to buy. Nothing to do with goods. They invest in us. And the reason we said this would happen is because no one would buy our bonds anymore, at least not as much. And as a result of that, we needed a way to keep their money in the US.

So you do a couple things. You say, all right, you want to own gold for safety? That’s fine. But with treasuries, you get access to us. You get access to our innovation, to our entrepreneurial shit, to our network. And so Saudi Arabia said, sign me up for 600 billion, whether that’s a real number or not, irrelevant. And what do they do with that money? They’re going to put that money into treasuries. That money is going to go into stablecoins, and those stablecoins are going to invest directly in the US. This is a way to keep foreign money in the US, to keep our standard of living higher, and to finance our refurbishing of manufacturing.

Hopefully it goes well. But there’s something, it’s good. It’s being spun now. And I’m not saying it shouldn’t be spun this way. But yesterday, Scott Besant probably made the most important mission of his tenure thus far. Trump has been cutting debt for equity swaps globally. This is what we call them, debt for equity swaps, with the US dollar being promised to be weaker as a kicker. Now it’s being rolled out publicly. No one will buy our bonds for safety, and Besant is going to discuss this by calling it, we’re going to get them to invest in us, to invest in America, to buy America.

So let’s just watch that video, and you can get an idea of what’s coming down the pipeline. We have these agreements in place where the Japanese, the Koreans, and to some extent the Europeans will invest in companies and industries. We direct them largely at the President’s discretion. And how does that work? I mean, it’s almost like an offshore appropriation. I’m not sure we’ve ever had anything like that in the states before. Have you consulted with the, I don’t know, the Senate Finance Committee, or the House Ways and Means Committee, or what? Well, Larry, I think a good framing of that is other countries, in essence, are providing us with a sovereign wealth bond.

So they’re going to buy our goods. Well, that’s essentially what’s going on. Wait, let me step back. They’re going to build our factories. They’re going to help us to build new factories, which Mr. Trump loves. There you have it. I love how Kudlow, you could see him get it in real time. At first he’s like, oh, they’re going to buy our goods. But then Kudlow said, oh, no, wait, they’re going to invest in us and build our factories. What are we doing? We’re doing a debt for equity swap. You can’t buy the US dollar for protection anymore.

And I mean, literally, you can’t. We’re going to put a charge to get access to dollars in the US, which will keep the hot money out that parks money in the dollar and makes it strong for no really good reason, except it’s a parking spot. And we’re going to grant access to nations that give us money for investment and give them upside. So we’re swapping debt for equity. It’s a debt for equity swap. It’s a… If you want to be negative about it, and you might be right, you could call it a bail it. We’re saying, okay, buy us out.

We’ll give you equity because you don’t want our bonds anymore. If it goes well, you get a turnaround situation that goes badly. You get a convert spiral. We’ll develop this much more at another time. Let’s move on to the actual three topics. But this is important. People are going to talk about it. They’re probably going to start picking up on it in the way that I’m framing it. And they’re going to spin it negative and spin it positive. It is what it is. And that’s what it is. Our first story is a special one on Ethereum.

Standard Chartered Bank has upgraded its Ethereum price targets, citing a marked improvement in the asset’s fundamental backdrop. The bank now projects Ethereum to reach $7,500 by the end of 2025, up from its prior US $4,000 forecast, and $25,000 by the end of 2028, previously $7,500. So they moved the whole thing forward. Key drivers include institutional accumulation, legislative support for stablecoins, and anticipated network capacity upgrades. This is the same story. Ethereum is a tokenization platform for stablecoins to own treasuries to buy US equity. This is the future. Whether you like it or not, it’s the future. That’s a premium post.

The full analysis in Ethereum upgraded to $7,500 and much higher, with a hat tip to zero hedge. Next story. South Africa wants to back a currency with critical minerals. I’m quoting a mentor back in the day when I said to him, they’re going to make silver money again. He said, if those idiots ever make an industrial commodity into money, we’ll bankrupt their nation in a heartbeat. I’ll personally oversee the new basket we create to do it. He was the former head of the GSCI Commodity Index. And he wasn’t anti-silver. He was a silver bull. South Africa, so that’s the quote, South Africa and the African Union are backing a proposed African units of account, a non-circulating currency tied to critical minerals like cobalt, platinum, and lithium.

Supporters say it could reduce dependence on the dollar, foreign loans, and Chinese-controlled supply chains. Analysts warn volatility, infrastructure gaps, and Beijing’s leverage could undermine it. Proponents see a chance for resource leverage at economic independence. Skeptics argue mineral-backed money lacks the stability of gold. Okay, here’s the take. See how it says African units of account? A unit of account is an accounting tool. You can’t have a physical commodity that’s consumed be a unit of account. It will be, in my opinion, destroyed. And China’s not going to advise them not to do it. The US is not going to advise them not to do it.

We’ll just take over the currency. You can’t do it. You can’t have your money tied to something that’s consumed, or that’s susceptible to industrial demand and supply gaps. But let them do it. Africa will never fix itself if it listens to people like this. Next story. Beset says Trump considered Yellen over Powell. We include a full candidate list in our version of this post. President Trump is searching for a new Federal Reserve Chairman. As Jerome Powell’s term ends in May 26. Treasury Secretary Scott Beset says Trump is casting a Y net right, noting he even considered Janet Yellen in his first term.

Contenders include James Bullard, Mark Summerlin, Kevin Hassett, Kevin Walsh, and Christopher Waller. Trump has criticized Powell over rates and a costly Fed renovation. Replacing Powell and filling another vacancy would give Trump a Fed board majority. We also have a very special private comment in there about what Trump is doing. And to echo things that Tom Luana and I have talked about, again, this is Trump steering the news. He doesn’t want to be perceived as someone else picking his Fed share. And guys like Zero Hedge are all over that. So you have to take control back. OK.

The rest of the story. Silver doing its thing today. CPI says the Fed should not cut. Fed rate policy not stopping inflation and go fix PM. Coming soon. $42 in silver. That’s my hope. Let’s do the data and then we’ll do a couple of charts. Thursday, PPI, big day, $8.30 at $7.41 right now. Not as studied by the public as CPI, not as mainstream media oriented, but it gives you an idea of potential inflation in the pipeline. PPI is what purchasing managers pay for goods that they make to sell. So it’s the beginning of the pipeline or supply chain, depending on how you look at it.

And it’s very important. It’s a preview of future CPI somewhat. Tomorrow’s U.S. retail sales. Let’s go to the charts. Let’s start with the markets on the back end. Ten year olds are down two. The dollar is up four. S&P 500 is up three. The VIX is up 16. Gold is down two and change. Silver is down 22. That’s an important area for me. We’re going to touch on that now. Copper is down almost two cents. WTI is up 14. Bitcoin down 2400. I’m doing a lot of yesterday’s move. Ethereum also soft. Platinum and platinum are up.

That’s interesting. Platinum is now up after being down. And platinum is now almost down after being up. And grains are all down a little bit. All right. So let’s do a quick, quick run through the charts. Start with silver. All right. I said yesterday in the chat, in the gold fix chat, busy day yesterday, that I like silver as a speculative long above. Thirty eight twenty seven. I like it up to thirty nine twenty seven. What’s my price? Roughly. And if it gets above thirty nine twenty seven, then I don’t think 40 or even 42 are a problem.

And I’ll tell you why. Just visually. This is not a measure to move. I know I like to talk about these. It’s not a measure move. It’s just it’s a straight up support below here. And this whole structure breaks. Then we get a bear flag. We possibly both. But we get a bear flag within a bull flag. If it holds here, which it is right now, then the market should go up to here and retest this. There’s other systems that I use that tell me that there’s nothing in between here and here is what I’m saying.

If you look at it visually, it makes sense. We skate it up. We skate it down. We skate it down. So there’s a good chance that we could skate up again. Little ice patch of price action. And then you run into your real selling. Yesterday was a very big day for silver. It was. Somebody is short silver and can’t get it back in time. And as time goes forward, they lose patience. So they’re buying your silver and they’re probably long gold and they’re selling gold and they’re selling copper. And there’s all kinds of gyrations in the micro.

But if you believe stagflation is in the root, is in our path and pal can’t cut. This is Kate. Then you believe that you should be long gold and not silver gold. You want to be long. Both will be long gold over silver. If however, you believe as the market now is pricing and stocks that recession is the bigger risk and the last CPI we had isn’t a big deal, then recession is the risk and pal will cut. And if you believe pal will cut, what do you do? You position for an inflationary boom, which means you buy stocks, you sell dollars, you buy gold and you buy more silver stocks are at all time highs.

Crypto, Ethereum and Bitcoin are both nudging up on all time highs. Gold’s within $100 of all time highs. It put in all time highs in futures terms last week. And silver is on the cusp of probably its biggest breakout ever. People are nervous. And I think I think they should be. Let’s see what happens. I’m Vince. Have a great day. Well, thank you, Vince, as always for this morning’s show and thank you for being here and watching at home. Sure. Appreciate you spending part of your day with us and hope this is helpful as always. Certainly in some fascinating economic times and a great period of change.

So I’d like to think that a couple of years from now, we’ll be able to look back on this and think we had some insight into what was coming. So thanks again for being here. And before we wrap up, did want to mention that we had some news from Argenta Silver that you may have seen. Joaquin Marias was on the show a couple of weeks ago, talked about their project and also mentioned that they had drilling ongoing and they actually just got back some drill results earlier this week where they intercepted 1026 grams per ton silver over 40 meters and even had an intercept of 18,467 grams per ton over 1.05 meters.

And Joaquin joined me for a brief update and play a little bit of what he had to say about those drill results here. We drill an intercept of 1.05 meters and 18,467 grams per ton silver. This is very, very rich, as you know, and this is a record for the project and that intercept of 1.05 meters. It’s within a larger intercept of 40 meters that has a 1,026 grams per ton silver. So very, very rich. And we are also disclosing today up deep resource expansion drill hole. This is very important as well because this up deep resource expansion, it’s been drilled in between where the resources completed or the envelope, it’s been completed on surface and we have a heat there, which is telling us that we could expand potentially in the future, the resource towards surface.

I would also mention that this is coming on the heels of them completing a financing, which was for $15 million Canadian was upsized an additional $2.5 million Canadian due to investor demand and gives them the cash they need to continue drilling and expanding the resource that they have there and to find out more about that project and the results that they just came back with. Well, here’s the call with Joaquin. Thank you. [tr:trw].

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