Did a “broken fan” really take down the CME for 10 hours? In this exclusive interview, Clem Chambers (CEO of Online Blockchain PLC) joins Jeremy Szafron to discuss the historic 10-hour blackout at the CME Group. While conspiracy theories swirl, Chambers dismisses them as “noise,” arguing the reality is simpler but more dangerous: systemic fragility and “single points of failure” in the market’s infrastructure.
Chambers, who publicly exited Bitcoin at $100k, validates his “Crypto Winter” call as Bitcoin breaks $86k. He warns that while the sector is full of “jokers” and “casualties” are inevitable as liquidity drains, the real opportunity lies elsewhere. He argues that a “Retail Juggernaut”—not Central Banks – is the unstoppable force driving Silver to $100, and unveils his highest conviction trade: the “AI Energy Supercycle.” Chambers predicts the AI arms race will literally “boil the oceans” to find power, transforming abundant assets like Copper, Silver, and Platinum from commodities into scarce “luxury” goods.
Recorded on December 1 2025
Follow Jeremy Szafron on X: @JeremySzafron (
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Follow Clem Chambers on X: @ClemChambers (
CHAPTERS:
00:00 Intro: Market Chaos & The CME Blackout
01:28 Interview: Clem Chambers on “Single Point of Failure”
02:01 The CME “Glitch”: Why Incompetence Is The Real Risk
05:14 The Silver Squeeze: Why Retail Is The “Juggernaut”
08:48 Sovereigns Don’t Care: Why This Is A Retail-Led Rally
10:36 “Boiling The Oceans”: The AI Energy Crisis
15:00 Copper & Geopolitics: The “No Second Place” War
20:58 “Natural Stupidity”: Why AI Will Replace Incompetence
21:40 The Supercycle: Why Commodities Are Becoming “Luxuries”
23:26 “I Sold At $100k”: The Crypto Winter Is Here
26:03 Strategy Inc & The “Jokers”: Corporate Treasury Risks
29:30 The Japan Question: Why Liquidity Matters More Than Rates
34:37 Clem’s Portfolio: Defense Stocks, Copper & Oil
41:42 Final Verdict: How To Survive The Volatility
#SilverSqueeze #CMEOutage #BitcoinCrash #Copper #AI #ClemChambers #KitcoNews #Gold #Economy #CryptoWinter #StrategyInc #EnergyCrisis
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44 Comments
Clem Chambers says the "Retail Juggernaut" is the unstoppable force driving Silver to $100, and that the CME blackout was just "noise."
Question for the community: Do you buy the "Broken Fan" explanation for the 10-hour outage, or was this a deliberate circuit breaker to stop a default?
Let us know your theory below!
clem is sharp but 40k btc? good luck buddy
This idiot is full of shit… Funny how it only affected the precious metals while other markets were fine…
36:25 😂😂😂😂😂
Gold grows as silver surges 🤣
I trust him not.
10 days old and things have changed
The USA government is not very bright when it comes to silver !! They waited to declare silver as essential 2 months before the price exploded !! Why not keep a reserve of 10-20 million ounces when silver is $10 an ounce? No we will wait until it’s $60 an ounce !!
Same thing with rare earths let’s use the EPA and the market to shut down all our mines and refiners until we need it?
Rocket Science !!!
Oops I bet he's fully boosted !!! Another Denier and I bet he believes man was on the moon when he was a boy 😂
They scamming us 😂
Clem has a haystack haircut…or is it a birds nest?
Oh dear…China features Venezuela…closer and cheaper raw materials to the US.
great interview, could not agree more with Clem Chambers. 🎉🎉
This is the second guy today that I heard say"We" "Us" "Our" but both of these guys talk funny.. I can't remember which U.S. state has that accent???
I think long term Ill bet on global warming since that will surely follow the energy consumed by all the mining and computing.
AI server farm great place to cook meth 🤪
The thumbnail 🔥
This bozo is not convincing anyone (except gullible fools) that the "battery failure" was anything other than intentional
This guy has lost credibility with me.
Awesome interview and reaffirms all I've done investment wise. Thanks Jeremy
Sorry AI is Armageddon because it is an extinction event for humanity. It is Evil. The other things mentioned are not intrinsically evil.
Привет! Желаю всем весёлого и радостного дня! Пусть всё складывается легко и приятно! ❤️🦜
Clem knows a lot… everything the present and the future will need to operate AI systems, all over the planet💡💰
Elton John is multi disciplinary genius.
😂
A theorey is that the U.S. Dollar will be REVERSE
SPLIT . HOWEVER BUT IT WILL ALSO BE PROBABLY BACKED UP BY SOME KIND OF CONSTANT ASSET STANDARD !! LIKE $ 100.00
OF THE NEW U.S. DOLLARS
WILL BE BACKED BY THE F.O.B. OF GUARANTEED DELIVERY OF ONE BARREL OF LIGHT SWEET CRUDE OIL — OR AN X AMOUNT OF LNG
OR A COMBINATION OF SEVERAL PRECIOUS COMMODITIES .
This makes much more Real
SENSE GOING FORWARD TO THE FUTURE OF CRITICSLLY IMPORTANT FINITE MINERALS AND DIMINISHING
FINITE ENERGY RESOURCES !!
GOT IT ??
Nor a fan of this guy
Complete nonsense
CME 정전은 경고이지 그러니 폭등세에서 지금은 횡보 하는거임 ㅋㅋㅋ 소매업 거물에게 함부로 까불지마라 하며 경고의 의미가 CME 정전임 ㅋㅋㅋ
That's a really bad attempt at a lot of b.S.
Jeremy, you are such a pro. Thank you for cutting through all the noise for us.
Best interview ever
And this is why China has been spending billions, and possibly a trillion or more, on stacking gold. Is the US doing the same?
.Clem Chambers has this right. Very interesting comments. Great interview.
And why won't Nicola Tesla's free energy be implemented?
Makes a lot of sense to keep building these data centers when they're struggling to run them efficiently. They've only started building them too. The price of electricity is going to cripple people, Aad I can almost guarantee that they will allow the people to suffer way before they allow the data centers go down. How bad does it have to get before they release Nicola Tesla's free energy invention?
This is a comparison to the EV vehicle collapse. They didn't have the infrastructure to release them. Charging is a huge problem and they marketed them as being a big money saver because they don't use gas. I watched a couple of videos of people having huge regrets as they are being charged rediculous prices to charge their EV (more than gasoline costs) and the amount of time it takes to charge them, not enough charging stations, and then 1/2 of them are broken; not to mention the cost to register them. If you get fed up enough and decide to trade it in, the vehicle is worth 1/2 of what you paid for it a year ago, if that. Sounds like a real nightmare.
Kitco and Clem are well educated and informative on g and S💖
$100.00 long term is a low estimate imho. Perhaps a price you recapture your basis, and ride the market much further until the monetary system reaches balance.
Btc is not bitcoin. Bsv is.
Ironically, China is actually controlled by Great Britain.
I like this guy. But I still beleave BTC will have good surprises for the next months. Nevertheless, he is right about possible casualities if "things start to blow". Not your keys not your coins – if the winter is here and we want to be relax
Great show
Thank you for another outstanding interview.
Ai won't take much infrastructure. China's doing it 10 times cheaper than us by not having hardware and running all the AI off of personal computer gpus that's the future and will make it more decentralized