AI Summary
5 min readIn early 2026, as gold and silver pulled back from their January highs, a chorus of commentators declared the precious metals bull market deadācomparing the peak to the infamous tops of 1980 and 2011. Jesse Colombo, author of the Bubble Bubble Report and a longtime metals analyst, disagrees. He argues that what looks like a final blow-off top is actually a routine correction in a bull market that still has years left to run. The naysayers, he points out, were largely silent while metals were soaring through 2024 and 2025, only to emerge "with a vengeance" once prices dippedāa textbook case of recency bias.
The Mania That Wasn't
Colombo's central argument rests on a simple historical observation: every major precious metals bull market ends with a speculative mania, and that mania has not yet arrived. In 1980, silver hit $50 per ounce amid the Hunt brothers' attempt to corner the market; in 2011, gold peaked near $1,900 as fear of eurozone collapse and U.S. debt downgrades drove a frenzy. In both cases, the mania was unmistakableāmainstream media covers, taxi drivers giving stock tips, and a general sense that prices would only go up.
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What you'll learn
- 1 (00:08) **Jesse Colombo's Central Thesis** - The precious metals bull market is not over; the 2026 correction is a pause, not a final top.
- 2 (01:27) **Why This Matters** - Colombo is one of the few adamant voices arguing the bull market remains alive, and his analysis is grounded in historical mania patterns.
- 3 (01:55) **Recency Bias as the Core Mechanism** - The crowd's bearishness is a textbook example of extrapolating recent price action, ignoring the broader multi-year trend.
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Show Notes
ā”ļø BUY Silver from FIRST MINT:šØ DISCOUNT Code: VIPRB šØhttps://firstmint.com/ "From Mine to Mint"š“ Learn MORE about Oroco Resources Corp:https://orocoresourcecorp.com/š Learn MORE about First Mining Gold:https://firstmininggold.com/or contact [email protected] š¢ Learn MORE about Kalshi:http://kalshi.com/p/ronsbasementCONTACTS: [email protected]āFOLLOW ON š (Formerly Twitter)ā: https://twitter.com/BasementRon āLISTEN ON SPOTIFYā: https://open.spotify.com/show/3AcS5O5y8GrnBEdsL92VTIāLISTEN ON APPLE PODCASTā: https://podcasts.apple.com/us/podcast/silver-gold-investing-global-economics/id1741078463āFOLLOW ON RUMBLE:ā: https://rumble.com/user/RONSBASEMENTšYou Can Donate To RONS BASEMENT: https://www.paypal.me/RONSBASEMENT THANK YOU! RONS BASEMENT LLC is sponsored by First Mint and is a proud owner of several of their outstanding silver minted products. Ron is sponsored by First Mining Gold and has owned the stock for over 3 years. Ron is sponsored by Oroco Resources Corp and purchased the stock early in 2026. Ron is sponsored by Kalshi and opened his account in early 2026. Any information shared in this video should not be construed as investment advice or a recommendation to buy or sell any company stock, meme coin or any other investment product (informational purposes only). Ron may receive compensation from affiliate links and discount codes provided. ***Informational purposes only. Do not buy or sell anything, make any type of investment decision, adopt a puppy, get engaged, or do anything based upon the information I share with you.***#shorts #Silver #Gold #Copper #SilverPrice #GoldPrice #SilverStacking #PreciousMetals #MacroEconomics #WealthProtection
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