Welcome to another episode of the VRA Investing Podcast with your host, Kip Herriage. In today's show, Kip Herriage takes us through a bullish outlook on the markets, sharing why military action, the reflation trade, and the evolving power dynamics at the Federal Reserve are driving stocks higher. He discusses the impacts of global events, the Trump economic doctrine, and what it means for investors right now. You'll hear insights on sector trends, including the breakout moves in semiconductors and small caps, as well as a deep dive into precious metals and the exciting prospects for gold and silver during this cycle. Plus, Kip Herriage addresses the Supreme Court’s upcoming decision on tariffs and its potential effects on the market. If you’re looking to stay ahead with sharp market analysis and actionable investing ideas, this episode is packed with reasons to be optimistic — and some specific picks to watch. So sit back, relax, and get ready for a high-conviction take on what could be a melt-up year for investors.

Kip Herriage [00:00:00]:
Foreign don’t look back for the market is closed. Good Tuesday afternoon, everyone. Kip Herridge here with the daily VR Investing podcast. Hope you had a good day today. It was a good day. It wasn’t it? A very good day. Unless you’re short. Unless you think that when the US Goes to war or invades another country or whatever you want to call it happen in Venezuela, unless you think that’s bearish.

You’ve had a very good week this week. We told you on Monday, actually over the weekend, if you follow me online, that when bullets fly, stocks are by. And that’s only because my mentor Ted, first mentor Ted Parsons, taught me this a long time ago. I think it took me like a decade to really understand that he was serious. The markets don’t go down when the US has military action. And that’s just the way it’s been. I can’t think of a single time in my career that hasn’t been the case. You might have a reactionary move lower, but military action is just bullish.

And I think there are reasons for it that I won’t get into here. But it has to do with money flows. It has to do with the US the way the US Is structured, being the Federal Reserve and the US treasury, and that they, they want to make sure that the US has looks like it’s got strength. And that means our markets must go higher when the military action takes place. So a lot of reasons for it. The biggest reason is the reason we’ve talked about here for three years. This is a structural bull market of size and scope. This continues to be the case in addition to being a backup, the truck bull market with 10 out of 12 VR investing system screens.

Kip Herriage [00:01:32]:
Bullish. We’re now witnessing. Understand this, folks. I’ll tell you this with emphasis, okay? High confidence call here. This is a reflation trade. This is the Trump reflation trade. This is the Trump doctrine that’s taking place all over the world. And then people realize this is the new sheriff in town.

This is the way it’s going to be. And that certainly applies to the Federal Reserve. When I talk about a reflation trade, a lot of people hear the inflation part and think, he’s talking about, oh, here comes inflation. That’s bad news. No, that’s not what I’m talking about. Look at commodity prices outside of oil. Look at what gold is doing, silver is doing. Look at what China is doing now.

[00:02:14]:
These are global reflation moves taking place here. These are powerful. These indicate that not just the US but the Global economy is running, maybe not quite hot yet, but it’s headed in that direction. I think it’s really important that you understand what I’m gonna tell you next year. The Federal Reserve, I hate to say this word because I’ll find some wood to knock on here. I believe the Federal Reserve has been neutered. When it comes to Trump, I think the Federal Reserve has been neutered. I think Trump has won this battle.

Again, anything could change. But let me explain what I’m talking about here. Trump took on Jay Powell and he’s won. Jay Powell’s leaving. Trump’s gonna of course, put a new Fed chair anytime, I hope sooner than later. But Jay Powell is now irrelevant. He is a whipped dog. That Federal Reserve.

As far as their voting members, federal, their, their governors, etc, the presidents, they’ve been beaten. Trump has beaten them. Trump tends to do this to his enemies, does he not? In years past, matter of fact, in almost every year past, when the US Economy and global economy, when they start running hot and folks understand this, this is why the markets are skyrocketing again. It’s a structural bull market driven by an economy that is about to run red hot. Meaning our 5% GDP forecast in this quarter Q1 is about to happen. Our 8% GDP forecast in 2028, by 2028 is going to happen. It’ll probably happen next year. That’s a hot economy.

That’s, that’s what the reflation trade that I’m talking about. The, that’s why all of these inflationary assets are moving higher in price. It’s not just the money printing. The world is running hot. Now here’s the difference that matters to us. In the past with the Federal Reserve that had not been captured. This Federal Reserve has now been captured by Trump and Bessant. By the way, I can’t forget to mention Scott Bessant.

Kip Herriage [00:04:25]:
This guy worked with Soros. He knows all the games. He knows how the ins and outs of how inside baseball works in the, in the, in the monetary institutions of the United States and the world. Now these two guys are teamed up together. I’ve said this a lot of times, I’ll say it again. If Donald Trump and Scott Bessant are on the same side of any financial economic issue, I’m going to side with them 100 times out of 100 times over. Anybody else you can name, these guys are a force to be reckoned with and they have neutered the Federal Reserve. So in this case, as the economy begins to run hot and Again, that is what is happening.

Kip Herriage [00:05:13]:
That’s why the market’s going up. That’s why it’ll continue to go up. This is why we’ve said this is a meltable market for some time. Back at the truck bull market, it’s it. We didn’t know it, frankly, when Tyler, I wrote the book three years ago, the Big Bribe. We told you the Dow Jones is going 100,000, NASDAQ’s going to 40,000. Well, we’re almost at 50 now. We first said that the Dow Jones, Dow Jones was at 22,000.

[00:05:33]:
Okay. NASDAQ was at like 19. Right. So both of essentially both have more than doubled from the time that we, we made that forecast. Actually Nasdaq was like 12. So we’re on the way to our targets. And we didn’t know it at the time, but we knew it was a structural bull market. As for all the things we’ve been telling you, the strength of US economy and the first America, the strength of corporate America, again, let me just repeat for our new folks here.

[00:06:04]:
By the way, I have to say I heard from someone yesterday that I’ve known for a long time, been with this long time. I had no idea. This guy listens to our podcast every single day. No idea. He’d never told me. Didn’t know that he didn’t know he was a podcast guy. I just knew he was very wealthy and he’s had a lot of success in life. If I said his name, I think most of you would know it.

So again, he’s, he’s a well known person, called me yesterday and said, listen to your podcast every day. You’ve been exactly right. You really helped us, his company, his firm, to be positioned the correct way. So look, I’m, I’m a, I’m a nobody from East Texas, right? And you grew up with nothing. So the last thing you’re ever gonna, I, I hope that you understand. The last thing I’m ever going to be is cocky or think I’ve got everything figured out. I’ve got nothing figured out. I just learned some things over my 40 years of doing this, as anybody would just done something.

[00:07:06]:
40 years, right. I know who to trust. I know, I know what works. I know it doesn’t work. And I, I understand the power of repeating patterns. Right? And I don’t like to make the same mistake over and over again, which I used to do in the first 10 years I was in the business. So I just want to say to everyone here, thank you, thank you for your Feedback. Thank you for listening.

Thank you for being here with us, both VRA members and non VRA members. Just thanks for being here. I love your feedback. Hey, good, bad, indifferent. But, but again, to our loyal long term listeners, thank you. It means so much to Tyler and I and to Josh and to Sam and, and to Danielle, the whole team here, we appreciate you very much. Okay, so the reflation trade. In years past, in decades past, whenever the US Economy was starting to really get cooking with gas like it is now, what would happen? And if you remember, Trump put this out on, on, on, on, on Twitter or through social a couple weeks ago, a long diatribe about the Federal Reserve and how they always ruin stock market rallies, how they always kill the economy at exactly the wrong time.

I think that Trump absolutely nailed it, as he does with so many things. He just nailed it on the head. Because if Trump had not captured this Federal Reserve, Scott Besson and Trump had not captured this Federal Reserve, and that is what they have done, we would see a lot of smart money people saying it’s time to sell your stocks. It’s time to lighten up. Here comes the Federal Reserve. Here come the rate hikes. They got to snuff out the rally, folks. That’s not, I don’t see that happening this time.

Again, I think this battle has been one with the Federal Reserve. Am I surprised the 10 year yield remains at 4.17%? I am. I thought by now, really, I think, I thought at this point in the fourth quarter of last year, I thought by now we’d be back in the threes. But that, that’s, that’s not that far away. It is higher than I thought it would be. But that, that’s a problem that’s easily solved because this new Fed chair is going to be in place soon. And a lot of people think, well, it’s just one person, right? There’s still gonna be a lot of voices in the Fed, a lot of people that could, you know, have tds, that could try to target Trump with his votes. Folks, that’s not gonna happen.

This Federal Reserve chair, be it Kevin Hassett or the other Kevin of the Kevin’s, this Kevin has, this Kevin, I think it will be Hasset is going to control this Federal Reserve, which is what Fed chairs do. They control their body. And we’re not going to see, in this instance, we’re not going to see this reflation trade that’s taking place right now, which is why silver’s at 80. All right. Goals at 4,500 and both going higher. We’re not going to see these rallies snuffed out. Now that’s not that, that may not be a great thing for some, for some companies. Again, silver’s needed, right? Elon Musk has posted about this.

Silver goes in everything to build and higher silver prices will, will be inflationary and that we will see some of that. But truflation just came out. Truflation, of course is we’ve talked about often the podcast. They’re, they’re, they, they’ve been dynamically opposed to the Federal Reserve for a long time and they’ve been far more accurate than the Federal Reserve has ever been. They’re saying, and they said this today, that inflation now is running it. I believe I saw the number of 1.87. Remember, the Fed still thinks we’re like close to 3% inflation and they’ve been dead wrong about this. So our, our call for some time has been that will this kind of economic growth cause some inflation should sure, because that’s what reflation does.

[00:10:53]:
But will it cause inflation that we should worry about? And the answer is no, it will not. And the primary reason for that, look at oil prices. Trump has got this figured out certainly right goes in everything. But again, the primary theme here that everyone should understand, it’s not AI that’s one part of this massive growth headed our way. It’s the innovation revolution, the level of innovation that’s taking place here. We talked about this some yesterday with the singularity that Musk says is here. This level of innovation is going to bring down the prices of everything. We are not going to have inflation.

If we do, it will be simple small spikes. And again that’s what the markets know. That’s why the markets don’t care about the 10 year being where it is. That’s why we’re gapping up here day after day in the market. December wasn’t a great month. We’re not going to have the Santa Claus rally. Of course we didn’t get the positive last five days, first two days of the year that didn’t come out positive. But everything is clicking now.

This reflation trade is, is real. And this time it’s not going to be suppressed by a Federal Reserve that doesn’t know either doesn’t know what they’re doing or they’re doing it to fight Trump. So again, we think we have an all all clear sign here. When we tell you it’s back up the truck time. When we tell you we have 10 out of 12 VRA system screens that are bullish, that that’s exactly what that means. And then dips must be bought. At some point we’ll, we’ll reach overbought levels. We’ll let you know where that is.

The semis, for example, today, you know, we’ve been pounding the table in semis here, had some very good trades in this group and made very good profits certainly over, over the long term. But you know, recently as well we’ve been telling you that you must own the semis. Of course here we own the three time leveraged semi ETF which today was up nine point and it’s headed higher all time highs today in the semis again the semis leading both directions again that relative stream chart that we share with you, certainly if you’re a VR, remember you know what I’m talking about. It’s the most important relative strength chart that there is. There’s not a close second. And I’ve been saying this since, for at least a decade when the semis are leading the S P500 the market, when the semis are leading the market higher. There is no bigger bias signal than that. And if you’ve seen the chart that we’ve been sharing with you here, then you know that the semis are going parabolic to the market.

 

It’s a massive buy signal. Now at the same time, I’ll write this up for tomorrow morning. We are no longer going to be buying this, our leveraged ETF and semis because now this group is hitting overbought levels. Not a reason to sell at all. I think, I actually think Tyler’s traveling this weekend at a conference with Josh and Sam. So I didn’t get a chance to talk to Tyler date before the podcast, which is something I do religiously. He’s got a, he’s got a good feel for the markets and he catches things. I don’t.

But I think this is going to be the move and again, I think Todd would agree with this. I think this is going to be the move in the market that takes us to extreme overbought on steroids and maybe we stay there for a while. Not talking about the semis, I’m talking about essentially everything, all the broad market indexes. We’re in the most bullish months of the year. It’s 2026. There’s a lot of things going on this year. Right. It’s a midterm year.

Trump wants this market melting up and that’s why this reflation trade is on and that’s why a neuter Federal Reserve won’t try and stop him. We also got the 250th anniversary look of America. There’s so many reasons that Trump wants in the markets in the economy to melt up red hot this year. And folks again we started telling you two months ago right that that we believe that 2026 was going to be the year that the innovation revolution arrived. On Wall street we predicted 30% gains, SP 550% gains. And in Nasdaq I remember the first time went on Charles’s show it was actually in December and I said that Charles did a double take like what did you just say? And since I’ve been back on again last week and he was prepared for at that time he actually put up on the screen and this is that bull market. We believe this is going to be that year. And again if you remember the dot com melt up, you know we had a couple of those years right.

[00:15:25]:
Certainly led by tech and, and Nasdaq and we think this is that year again when we get to extreme revolt levels we’re not there yet. We’ll tell you we, we likely won’t be selling positions depending on what they are and our leverage UTF trading program. Yeah we probably will. That’s the way it works. But we’ll stop buying. That’ll be our discipline. And then we’ll just sit and watch the gains continue to compound. But again it’s not just the, it’s not just tech, right.

This market is broadening today. Check this out. Today we had 600 stocks hit a new 52 week high to just 92 hitting a 52 week low. This, this has been building. The broadening is taking place. If you’re with the suit, the vra, you know we, we love small caps here today the leather way higher up 1.4% low. Love this group. Check out the chart.

It’s a beautiful chart. They’ve still got a ways to go. Just to get back to all time highs of last late last year and again when broadening action of this kind takes place the biggest moves higher takes place in the groups that haven’t moved yet. Everybody’s looking for the next catch up trade. What’s next, what’s next? What’s next right? And then people start looking for the heaviest, shortest stocks. Right? That’s all in our future but it’s starting to happen. You know one of our favorite stocks as a and I was on Charles show mentioned this last last week for the year as a call it, call it bottom fishing right Is new Skill Power, it’s the stock we own. This is Tyler’s find.

You know, we were buying it at 19 and change. It went to 57. We had gains of better than 200, did not sell. Do I have a regret about that? Of course I do. I’m a human being. I’d love to have pocketed those gains. Now be buying it back here again but basically it’s round trip this. Okay.

[00:17:16]:
And now we’re buying it again here. But I just ran our screens on it today. You know smr, which of course is the symbols, we’re talking about small module nuclear reactors here. SMR is the only one that has NRC Nuclear Regulatory Commission approval. The plans have already been approved. Stock got crushed because one of the original major investors was floor announced they were going to sell their position or at least some of it, right. They’re going to keep a lot. They own different, different classes of stock.

[00:17:49]:
They’re going to sell the common stock or a lot of it. And the short saw coming started, you know, everybody ganging up on the stock and you know, next thing you know it’s round tripped. But here’s the flip side of that coin. The shorts have come in so heavily now. I’m going to get this number right. The short position in New skill power again smr is a symbol is there’s 24 of the chairs outstanding are short. This is a one of the hottest sectors over the next two, three, four, five years that you’re going to find that’s been hit hard because of one reason. A major seller selling not, not for any reason.

There’s something wrong with the company. They came out and said no, everything’s fine anyway, you get the point I’m making here. But this, these are the kind of stocks that are really going to start to catch fire. And it was up 4% today. ASMR is at 4% today. It was like 15 yesterday, 11 the day before. So it’s already starting to go. But I think there’s, I think this is going to be a stock picker’s paradise.

And you find stocks that are heavily shorted that have a lot of potential like SMR does. And I think again, I think it’s gonna be a very, very good year for stock pickers. A very good year for people that can time the markets and know exactly when to go heavy, right? When to be use discipline and stop buying. That’s such a big part of the battle if your goal is to beat the markets. And of course that’s our goal every year we just did that again in 2025 with gains at 35.7%. Should have been better. We’re up 41.8% going in the fourth quarter. So it’s not a great fourth quarter, but, you know, things happened, right.

It was, again, it was not a good month all the way around. But those are the kind of things we’re looking at against small caps. I think they’re going to have, when they run, they run hot. I think this is the begin. I think we’re at the beginning of one of those moves. I think small caps, if you’re, I mean, I hate to even say it, people are going to laugh me, call me crazy. I think small caps could be up 67% this year, and that is 60 to 70, not 6 to 7. And I think that move is starting.

So again, stock pickers, sector pickers, pick, you know, people that, that, that, that. Simply put, follow our VR investing system. I think you’re going to do quite well this year. That’s where we’re playing it. What else today? Oh, I want to touch this briefly because I had a lot of questions about today. We learned today, by the way, that the Supreme Court is likely going to rule on Trump’s tariff policy this Friday. Okay. Doesn’t mean they will, but the windows open.

Kip Herriage [00:20:27]:
This is kind of when they do it. This is what we told you last year and now we’re there. If they don’t this time, it’ll likely be in March. But I, I think they want to get this out of the way. As you can see today, it didn’t affect the markets. I mean, I, I thought when I saw this news. Here comes the sell off. People are gonna be worried.

Kip Herriage [00:20:45]:
People aren’t worried. Here’s why. Is Trump invested? They’ve made it very clear, should the Supreme Court make the mistake of ruling against Trump? Of course, that’s as Trump’s, Trump’s words, that they have a backup plan. I think they have a couple backup plans. When Bessant said that last week in an interview, it’s almost like he looked in the camera. He had such a high level of confidence. We got this. It doesn’t matter what they decide.

Kip Herriage [00:21:09]:
They shouldn’t rule against Trump’s terrorists, but if they do, we’re fine. So I think that’s a big part of it. There’s another part of this. I think a lot of people haven’t thought about the hundreds of billions of dollars that have been collected through tariffs if they are forced to go back. And again, it’s very convoluted process. Right. It wouldn’t just be overturned and they’ll send the money back. Right.

Kip Herriage [00:21:31]:
But the importers that have paid these tariffs would now get that money back. Folks, we’re talking about 2, 3, 400. What is the total? 2 to 4, 4,200 to $4,100,000,000. That would then go back to the importers, US importers that to pay those tariffs to begin with, that’s called fiscal stimulus. So I think the market’s looking through this. Might we have a shakeout on news from the Supreme Court? Sure. Would that be a buying opportunity? You bet your butt it would. So that’s how we’re playing it this week.

Kip Herriage [00:22:05]:
Again, interesting too, by the way, put call ratio, somebody pointed this out to me on Twitter earlier. Put call ratio today was elevated all afternoon from about noon on. Put call ratio was 0.87 or higher. It closed at a 0.88. Now that’s not extremely elevated. Right? That’s not everybody buying puts. But anytime you’re above 0.75 on the put call ratio, it means that means people think they know something, the market’s going to go lower. Look, we’ve had a big move.

Kip Herriage [00:22:36]:
Some of this is probably insurance. All right. The vix has been smoked. The vixen volunteer index now back below 15. I forget the number of down days it’s had in row. It’s a big number. I think so. I think there are some people just saying let’s buy some insurance just in case of scotus.

Kip Herriage [00:22:51]:
Right. But I think that it’s bullish because if this put call ratio on this kind of move like we had the last two days on the Venezuela operation, if this put call ratio had been like 0.65, 0.68, I would not have the level of enthusiasm you’re hearing from me today. But I love the fact that the call ratio is elevated. That’s a very bullish sign. And I think it was a smart money observation from whoever that was that pointed out to be day until I actually hadn’t even noticed it today. But thank you for pointing that out to me Today again, solid day all around. Finished essentially at the highs of the day today. Dow Jones up 480 by now you’ve seen this.

Kip Herriage [00:23:31]:
But again, the leader today, Russ, 2000 of 1.4%. NASDAQ up 0.6%. Our favorite and our market leading group. Let me get a quick refresh. The semis up 2.7% today. Right when the semis are leading Folks, you do not want to be in the way of that move. You’re short, you’ll get smoked. You want to be long and strong and that is how we’re positioned here.

Kip Herriage [00:23:56]:
What else today? All right, let’s move to the internals. Again, good internals, not great. Again you’d expect a little bit better action today. But again I think a lot of people are starting to hedge on the Supreme Court, that kind of a thing. But again, good internals, not quite 2 to 1 advanced decline for NYC and Nasdaq close to it Up Volume NYSE was a solid 68%. NASDAQ 59 good, not great. But again we have 600 stocks at 50 week high. Just 92 hitting a 52 week low.

Kip Herriage [00:24:28]:
Sector very strong today. 9 of 11 sectors finished higher, led the upside. But Materials, Healthcare, Industrials downside. Energy down 2.8% again. Energy stocks gained a lot yesterday of course on the Venezuela moves. Give them some of that back today. Commodity watch again, this is the reflation trade we’re talking about, right? GDX by the way, gold miner ETF today up. What was it? 4% of the clothes? Yeah, just, just better than 4% of the close.

Kip Herriage [00:24:55]:
And I have to make this comment if you’re with us, you know our favorite two gold miners, right. I won’t mention them here but come and join us@veerinsider.com Again brainsider.com Love to have you with us. As big a run as they’ve had and they’ve both had good runs. These are both dirt cheap with gold at 4,500. I would think that the stocks, I’m Talking about, the two junior miners that were 10 baggage for us, I would think that they are probably too cheap. By five. Yeah, by five times because that’s where they’re going. And if we’re right about gold, our target is $15,000 an ounce.

Kip Herriage [00:25:37]:
Now everyone wants to know when that is. I wish I was better about that. I, I just know that’s, that’s, that’s a cycle high for us, which I think the cycle I think is going to run to 2030. Let’s call it, let’s call it four years. Okay. Well that means these gold miners are not just a buy here, especially the ones we own. They are an absolute screaming buy here. And so our approach with this is when we hit extreme overbought and again that did happen a couple weeks ago in this group.

Kip Herriage [00:26:05]:
Again, we just, we don’t sell. We just pause our buying. Well, we got the shakeout, right. We Got the December shakeout and it just produced another great buying opportunity again. Gold Junior Silver too. We don’t have a buy record on those. We’re very happy owning silver itself. But again we have 24 of our portfolio.

Kip Herriage [00:26:22]:
Right. We, we limit our portfolio to 15 holdings at a time. 24 of that is in either precious metals or the miners. And that’s, that’s plenty of exposure for us because again we like other stocks in other sectors as well and we’re good there. Is there a silver miner I’d love to buy? Yeah, there is. But again silver is a flighty, I’ll use the word flighty for it. It’s been red hot. Yes, it’s getting extreme overbought.

Kip Herriage [00:26:48]:
But again these shakeouts I think are going to continue to be very, very short lived in this group. Very short lived because both are going so much higher. And the reason primarily it’s not because of inflation. It’s not because of, I don’t know any this or that. It’s the, this is we’re seeing true price discovery take place. Now the manipulation by the likes of JP Morgan and, and central banks, that is not happening anymore. And I cannot tell you how big that is. Gold should be at least $5,000 an ounce.

Kip Herriage [00:27:21]:
At least, probably seven if it had been manipulated lower for these last two, three decades. Again thanks to the great work at GATA, a gold antitrust action committee for, for finding all this out a couple decades ago and putting the work in and a lot of peril to themselves. Okay. At Bill Murphy and team at GATA had a lot of pressure brought to bear on them and they just said bring it what you got because we’re moving forward with this due diligence. We’re moving forward these, with these federal cases against JP Morgan etc and they did it. And the end result is because of their work, J.P. morgan agreed to pay a penalty of $980 million in 2020. By 2022, several of J.P.

Kip Herriage [00:28:06]:
morgan’s traders were found guilty of manipulating gold and silver prices lower for a long time. Should the penalty have been, I don’t know, 10, 20 billion instead of 920 million? Yeah, absolutely. But the bottom line is they got to the truth and that’s when the manipulation stopped. That’s the key point here. So now we’re witnessing true price discovery. Silver should probably be 150. Gold should be 7,000. Not just pulling in numbers out of the sky, but I think that’s a pretty close and that’s why these moves are just getting Started, okay.

Kip Herriage [00:28:37]:
And now because of the reflation trade and now because everyone’s waking up to the truth about what these prices should have been all these years ago, right? That’s the buying that’s coming in. There are other things happening as well. But bottom line is there. This is the bull, we said this, we told you two years ago. This is the bull market of bull markets for precious metals and miners. And now it’s playing out and we intend to be along for the ride fully and completely. Right? We are gold bugs through and through. My dad was I am Tyler and Sam are my wife is right.

Kip Herriage [00:29:08]:
And we, we fully intend to stay that way. A gold today up just better than 1% of 45 bucks an ounce at 44.97. Silver up 5.2% up almost 4 bucks. Announced today at just over 80. Remember the all time high was just what last week at 82. Now we’re 80.65 an ounce. Copper today up another 1%. Another all time high at $6.04.

Kip Herriage [00:29:30]:
Again the reflation trade taking place. Global economy is getting stronger and this time central banks likely won’t try to tamp it down. They’re going to let it run hot that this, this is the way it was always supposed to be. And it looks like we may be finally getting our wishes right. Finally today. Crude oil west tex intermediate again down 35 cents a barrel today. Last trade 57.97. And Bitcoin.

Kip Herriage [00:29:54]:
I think tomorrow’s podcast, let’s do a little more time on this microstrategy which of course has been hammered down like 65 from its highs today. Hit a not, not a, not a new 52 globe but very close to it at 154. And I think I saw it come, come across the, the wire during this podcast that they’re not going to be removed from these, from these, these indexes. And I apologize when I have more facts on this. We’ll have it for you tomorrow. But that’s very good news for bitcoin. Very good, very good news for Michael Saylor and strategy. A stock has turned on a dime, rallied now 166 again.

Kip Herriage [00:30:34]:
We don’t own it. Not recommending that you own it. We’re very, very comfortable and very happy owning bitcoin. Last trade now 93, 300. I don’t buy things I don’t understand. I don’t understand strategy. I understand why people love it. Maybe there are great reasons to love it.

Kip Herriage [00:30:55]:
We missed the early move of course, missed a lot of gains. We would have had. But I don’t understand it. I know there’s a lot of leverage involved and I tend to stay away from from leverage of that sort. And again, we’re just very happy. We’re Bitcoin purist. We own other investments in this group, of course, as well. Another crypto we just recommended about a month ago that we absolutely love.

Kip Herriage [00:31:15]:
We think we’re going to make a fortune in as well. Again, come and join us. We’ll tell you all about it. All right, folks, that’s it for today. Hope you had a great day, maybe a better night. We’ll see you back here again tomorrow after the close.