In today's episode, Kip breaks down a pivotal day in the markets as the Dow Jones hits an all time high, led by surging bank and healthcare stocks. The conversation dives into the importance of sector rotations, why they're a sign of a healthy bull market and why traditional economic data and government releases just can't be trusted the way most investors think. Kip takes an honest look at the legacy of market predictions (hello, Michael Burry and Jim Cramer), the impact of recent government shutdowns, and why Kip's mentors always recommended going against the crowd when economists all agree. Expect a candid discussion on the power of price action over economic filings, and how keeping an eye on the market itself is the best indicator of what's really happening. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Wednesday afternoon everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. Markets had another good day day at least here if you’re in the Dow Jones led by really banking stocks were hot today. Healthcare as well. Caterpillar was hot. We had all time highs today in JP Morgan, American Express and oh what was the third? We had another, another Goldman Sachs.

Goldman Sachs, JP Morgan and, and MX all hit all time highs today. And bank index, the BKX is right there at an all time high. I think it topped tick an all time high early this morning. And look the old saying is when the banks, when the banks are doing well, the country’s doing well. Value stocks have been hot again. Dow Jones led the way higher today, up 326points. Have been up, up as much as 500 points early this morning. That’s an all time high again for the Dow Jones back to back days and it’s the first time the Dow Jones has closed above 48,000.

[00:00:59]:
So congratulations to the Dow Jones if you own those value stocks. Caterpillar as well. Healthcare did well. Not much really happened elsewhere. SPF 100 finished flat on the day. NASDAQ finished down a quarter of a percent. However the QS, the NASDAQ 100 last I checked was flat on the day. Yeah, just slightly negative on the day.

That’s the NASDAQ 100 of course. So we’ve had now back to back days with the Nasdaq. Tech stocks really haven’t done much today. Done much really. It’s been value names and this has been as Tyler talked about yesterday, this.

This, this theme of rotations is very, very bullish. This is what’s commonly seen in bull markets that want to keep moving higher instead of the market, instead of money leaving the market and everything going down, money rotates and he goes from one sector to another and that extends the life of a bull market also is very healthy. Technical action is what you want to see. These healthy rotations. And so we’ll take this every time.

[00:01:56]:
Look at the shutdown ends. We know what’s caused this market last week caused this market to have a shakeout.

It was we hit heavily overbought, almost extreme overbought. Matter of fact, stochastics had hit extreme overbought readings last week. Going into last week the market was heavily overbought. And of course the shutdown, that’s the biggie. And then, you know, toward the end of the week, we had, you know, Michael Burry and Jim Cramer come out and say, well, you know, Burry took his bearish positions via, via puts. Okay, not, these are not, these are not clear short sells. These are put positions to make that clear. It’s been not, it’s not been honestly communicated about that, if I’m being honest with you.

And as Burry has not been honest about his, or I shouldn’t say he hadn’t been honest. He’s, he’s, he’s shied away from openly discussing his lack of success in the markets over the last decade after making what was a sensational call on, of course, on the housing crash. And then again, the big thing really.

[00:03:01]:
Coming out of the shutdown. Of course, the big thing is going to be this trillion dollars, close to a trillion dollars sitting in the treasury general account. And it’s on the way, folks. It’s coming. The shutdown should end this week. I think the final votes being, I think it’s tonight. I guess we could reopen tomorrow or Friday by the end of the week. We did learn today that we’re not going to get all these file economic filings, right? CPI jobs data from, from, from, from behind us, from the past, recent past.

We are not going to get those. And I think that makes sense. Look, how do you recreate those if people aren’t in the office and working information? Stale. It was, by the way. It was already stale by the time it’s reported. It’s stale. Our government reporting service, the bls, the Bureau of Labor Statistics, is just pathetic. Anybody that even works there would tell you it’s like working at the dmv.

It’s a depressing place to work. They’re working on Stell data. They don’t even trust their own data. This is not, this is not new news, okay? And so this is why here at the vra, you, you will never find us. You would never once find us looking at a single piece of economic data from the BLS and go, oh, that matters because none of it does. There’s no single filing that does matter because we’ve never trust. I’ve never trusted this data. And again, I learned that from my mentors.

[00:04:26]:
Do you trust the government? I don’t trust the government. They all felt the same way. And again, my mentors were what made them interesting. In addition to being true, both gentlemen, you know, both just old school good guys and gentlemen. They said something, you could take it.

My mentors, mentors worked on Wall street during the Great Depression, during the Crash even. They both did, they didn’t know each other.

And I just found out via conversation. My mentors, I had them years apart from each other. So anyway, the point being, I had good mentors and it served me very well. They had a very healthy distrust of the government. Ted Parsons, again, my first mentor. Ted Parsons had a very clear methodology for beating the market. If all the economists that worked for the government, if all the economists who work for the government and Wall street, these economists, it’s group thing, they really all work for the same thing. They can’t get out of line.

[00:05:32]:
And if you do, then he’ll be cast out. They speak with one voice because they all want to. And I’m telling you, this is the way it is. They’re all very hopeful that they’ll get that next promotion, get that next job. Their ultimate dream, you know, is that one of these days they might work at the Federal Reserve and God, God willing, maybe chairman of the Fed. So, you know, to, to, to, to be on that career track, you have to stay in line. And so this is why again, Ted Parsons would say if, if anytime I see 70, 80% of the economists all saying the same thing.

Go into recession, whatever it is, they’re saying when they’re in agreement. Ted Parsons says I always go the other way. And when he told me this, I was, you know, I was a, I was a newbie. I, I was, I was a broker, you know, financial advisor at 20, we just call him broker at like 23 years old. I didn’t know what I was doing. But so when he told me that, I was like, what, what is he talking?

Don’t trust the government. Don’t, don’t trust economic filings.Who do you trust then?You know, that was my question. And I learned to trust head and. Then Michael Metz after him at Oppenheimer. But anyway, point being, there is no reason for these old stale filings that.Are already stale anyway to be made public.

[00:06:53]:
That’s good. Don’t need it when they get back in the office and get caught up. We can get those filings. Not that we’re going to trust them any more than, and that’s why you just pay attention, frankly, you pay attention to price action in the markets. The market is the gauge. That’s, that’s the gauge. That’s the indicators. It’s the market as a discounting mechanism.

The Action AMD, by the way, up 9% of the day on earnings. Okay, there’s no, there’s no bubble action at amd. You know, we might have seen a little weakness over the last week in Nvidia and some other tech names, but AMD up 9% on stellar earnings and phenomenal guidance bank stocks today, all time highs. I mean, again, Goldman Sachs, JP Morgan, mx, these are big names. All time highs. BKX bank index right there. That’s not the action you see at a market top. Also, as Tyler just walked me through, Tyler follows the trannies closely.

[00:07:49]:
Let me be clear about that. He doesn’t follow trannies. He follows the transportation index. In case there’s a little confusion on that, I actually had someone reach out to me. I got to tell the story. And he may, he, he’s, he’s a very subscriber. Subscriber, long term member, actually.

He may be on this podcast. I won’t mention his name, but during the, during the Biden days, right, when it was not cool when you actually. Could get kicked off Twitter for saying. Tranny, this, this, this guy, great guy. By the way, reached out to me and said, you know, because I, I used to, I use the word trainings. That, that’s, that’s old school, you know, industry talk for the transportation stocks. Trainings. Right.A letter one day, he reached out and he said, you know, just, just so we don’t offend anybody, maybe you shouldn’t use that word.

Maybe you should maybe just, just say transportation stocks. Don’t, don’t say trannies. And frankly, I didn’t even reply to. I mean, if you understand. Yeah, we’re, we’re, we’re, we’re. I’m a Texas redneck. I mean that at my heart, that’s who I am. Right? I’m just an old school East Texas dirt farmer pretty much.And that’s what my grandparents were. And we don’t really like doing what other people tell us to do when it comes to how to talk.

[00:09:06]:
So, no, I didn’t, I haven’t Stopped using the word tranny and now you don’t get kicked off. Now on Twitter, X is fine. People say training all the time. We’re back to normality. People say retarded all the time. Again, we’re not talking about mentally challenged people. We’re talking about someone acting, you know, so again, words have meaning, which, by.

The way, is why you should never. Say the Democratic Party. It’s not the Democrat, it’s the Democrat Party. I don’t want to get off on a tangent here, but, you know, they, they, they say they’re the Democratic Party for a reason. Because it sounds so majestic, it sounds so constitutional, doesn’t it? There’s nothing democratic about the Democrat Party. They, they are the true fascist. Let’s be honest about this. By the way, I was going to go see a movie yesterday. Nuremberg, you know, Nuremberg, of course, you know, we all know from World War II and the, the trial that took place in Nuremberg, Germany, after World War II. And we also know a lot about what happened with these medical experiments Mengele did. Right.

Well, we learned so much of this through Nuremberg trials. And so I, I saw the movies coming out. I hadn’t heard much about it, so I did some research on it because I was going to go see a movie.
Bongino, because it sounds like Dan. Dan Bongino, but it’s like that. I, I still don’t know why they call this, this movie, this Bon. Begonia. Begonia, right. Interesting. Very different. Didn’t see it coming.

[00:10:38]:
But anyway, I just, I felt like getting out of the office for a little bit. Went and saw it, but I was going to go see Nuremberg because that looks interesting. Great cast, right? Russell Crowe, you know, everybody in the cast looks fantastic. And so I did a little research. I asked Grok, I said, Grok, is.

Here’s, here’s my question to Grok. This is why Grok is so fantastic. Grok is the honest AI. Okay, I said Grok. Is Newberg really code for Trump as a fascist and we’re. Here we go again. Or is it code for what happened during the pandemic, what happened with the jabs and people being forced to take it? Because that was, that was the true. That’s, that’s what we should have Nuremberg 2 for.

And I want to see what Grok would say. Grock said, no, no, no, no, no, no. While the movie was, was written in 2012, it’s not supposed to be about Trump or anybody no, this, this movie is very much about Trump. That’s all the actors, they, they were in it, you know, while they didn’t come out and say, yeah, this targeted Trump, they all, in their hints, right. When they do the press junkets, they all hinted, yeah, this is about, this is about what’s happening with Trump. So you know, there’s no way I was going to go see that movie but, but again it wasn’t made for that. So I’m still interested because I hear, I hear it’s at least well done movie and I’m very interested what happened in Newberg, Germany. Fascinating.

[00:11:54]:
Right, because we have to have another Nuremberg now. We have to. What these jabs are doing still on the market, this will be, this is going to be a likely in 50 years, in my opinion, maybe even in 20. It takes time for these things to play out. Like you know, 9 11. Now everybody knows 9 11. The official story is there’s, there’s no one that doesn’t know this. And if you don’t, it’s like willful, it’s like you just, no, no, no, no, no, no, don’t tell me, you know, otherwise if you’ve looked at any of the information, you know that we’ve been lied to massively about the 911 attacks, okay.

Same thing’s now happening in Israel. If you’ve seen what’s happening with Netanyahu, they’re, they’re trying him and accusing him of having a stand down order for October 7th. Of course they did. You know, Charlie Kirk said this, you know, he’s taken a helicopter instead of taking, I think these are pretty much exact words. I have taken a helicopter of one end of Israel to the other end of Israel. It’s take 45 minutes to go across the whole country and it’s just surrounded by military. There’s no way that whether it was two hours or four hours, some, some say seven hours, just let’s say two hours. Just to say, just let’s give them the benefit of the doubt.

Say it was two hours before the military showed up. That that’s not possible. They have complete surveillance around the border of Israel. So it is without question a sound down, a stand down order or, or worse, or worse. It’s, it’s, it’s their 9 11. You bet it is. It’s absolutely their 911 because they did it just like probably we did. I don’t know.

[00:13:26]:
I don’t know. You know, a lot of people believe Mossad is behind911 and that would make a Lot of sense now, wouldn’t it, after the stand down order or worse in Israel. But anyway, that’s why we need, we need, we need a Nuremberg too. We got to get to the truth of what’s happened. This pandemic, these jabs have got to come off the market. This is going to be a horrible blemish on Trump’s record going forward. Horrible. And see, the thing is, and he should be thinking, in my opinion, should be thinking this way, the winners rewrite history.

You know, that’s the way it works. So maybe in 20 years this will all be bye bye. Maybe other things will have happened and people. I don’t think so because just the number of deaths and jab injuries taking place. But you know, Trump’s got a lot of family and you look at them, they’re beautiful people. Obviously they’re all probably going to go up most. Are you going to go into politics or business? They’re going to be high profile. I mean, you know, they’re going to be likely bigger than the Bush dynasty.

They’re going to be led. Trump’s running this country probably for 100 years or playing at least a major role in it. I think that could be, that could be a very good thing. These don’t seem to love America. They’re pro, they’re very capitalist. Right. This is what drives, you know, this great country of ours. It’s who we are.

[00:14:42]:
It makes us all want to be better and more competitive. That’s, that’s, yeah, it’s a little, little scary, you know, when you got to compete against all the Trump family. But hey, that just, that makes, I want to, I want my family to have that kind of power too. One of these days, let’s Tyler and Sam have a bunch of kids. Let’s go, let’s take on the Trumps, right? No, we’re not actually not built quite like that. But I think Trump should, I think this is something that should matter to Trump. I really think this is something because this is a big deal and it’s only going to become a bigger deal because these jabs have long term. I shared this story with you last week, man, I tell you, it’s hard to get on this topic, frankly, but it’s something, it’s a passion project of mine.

Last week I heard from a long term client and friend that said both his grandchildren passed away at 25 and 23. He said it’s from the jabs. There’s no doubt they both died of turbo cancers within five months of each other. They had to take the jabs. And I found out it wasn’t just one they had to take to go back to school. They had to wind up taking. Each took two jabs. So one original.

And then the booster just. And I won’t mention the university, it’s not here in Texas. But they both had to take the jabs to go to school. And you know, he’s convinced of it, his wife’s convinced of it. They really don’t even talk to their kids anymore. You know, it’s their, their son and daughter in law and they really don’t talk to him because they, they begged.

[00:16:07]:
Please have them go to another school or just take a leap year. Just don’t take this thing right. And I know we’ve got people listening right now. I just, I think of one story in my mind right now. Someone whose children have been horribly impacted by this, by these jabs. And there’s a lot of those stories I’ve heard from so many people. It’s tough, it’s tough for me to process it, being honest with you. It’s very tough.

We were, we were fortunate because, you.Know, early on we were like, this. Story makes no sense. And there was no way we were going to take the jabs. We’re the only people in our family that didn’t. We have a big family, as far as I know the heritage. The four of us are the only ones in our family that did not take the jabs. Now, there may have been others that I’m not aware of, but there was a lot of pressure in my own family and extended family to take these. So I get it, it was everywhere. But the point is this has to be dealt with, right? 9, 11.

Still got to be, that’s still got to be adjudicated. These jabs and this whole pandemic has got to be adjudicated. Forcing people to take an experimental vaccine, Are you kidding me? In America. And happened, of course all over the world. So there’s a lot still got to be done in this country to make, to make me happy. But as I did write this morning, to make a little awkward transition here, this does feel weird to say what I’m about to say now, but I still believe it’s true. I like to focus on the positives. I’m a glass half empty guy.

[00:17:35]:
I’m a complete optimist. And I do think that even with everything I’ve just shared there, that this is the best time in my life. Certainly that there’s been to be an optimist. And certainly when it comes to the markets, I’ve said this often over the last couple years. This is the most bullish that I’ve been in my 40 years as a market strategist and as an advisor. And I think that it’s a structural bull market. And that’s, that’s what I think so many people are missing. This is a structural bull market.

It’s not based on the AI trade even. Yeah, that’s given us impetus. Right. And it certainly give us momentum. But that’s not at the root of this. If it wasn’t AI, it would be something else. It’d be, look at bank stocks. It’d be something else.

Because of the structure, the, the amount of money. Everything in the markets is supply and demand. It’s everything in the world is supply and demand. This is why Bitcoin’s done what it’s done and this is why the market’s going to have the, continue to have the major move higher that it’s had so far is because of the amount of money that’s out there. It was an ocean liquidity and it’s got to go somewhere. And because the economy is doing well again, earnings, 13% growth, it looks like this, that was our forecast before the quarter started. That’s where we are right now. I think we’ll actually finish a little stronger than that.

[00:18:47]:
So at least 13% I think for the quarter that’ll make what, four quarters of better than 10% growth. And then again the one big beautiful bill. I know a lot of it of course is in place now, the 100% expensing. But there are other components that come into play next year and it takes time. It takes time to get rid of the garbage from the, from the Biden administration. You know, I mean this economy was without question was in a recession during at least many sectors were in recession under Biden. You know, we saw the job revisions, 2 million job revisions over a three year period. Again, that’s why you can’t trust the BLS.

Just that you, it’s. Anybody even say you could trust. What are you smoking? No, you can’t trust these fools. And so that’s why we get to, we got to get to a process like truflation. So it’s done. It is automatic. You know, it’s based on AI. All of the, we have like 120 indicators and every second, you know, you can refresh, it’s going to tell you here’s the current level of inflation.

Here it is Right here. And it’s not have to be done by people that could be manipulated or bribed and cajoled. And so that’s what we have to get to. And I think that again we think that the economy is going to be very, very strong next year. That we are entering a golden age of America. But it doesn’t mean we, it doesn’t mean we should not and have to not have to. We have to fix the sins of the past again. 911 and the plan diminish and the jabs.

[00:20:08]:
Those, those have to be addressed. Too many people have been damaged by all this. It just, you know, it’s, it’s. You wonder why people are so negative. You know, I mean we had the financial crisis just, just what, what was that Fe. 15 years ago. That’s, that’s, that’s recent. That’s seared in the minds of so many people.

That’s why people like Michael Burry are still listened to because of the financial crisis, the bailout of Wall street and the banks just by the same people that did it. You know, it is, it is crazy. Again, not. Not only did no one go to jail, not a single person was indicted over that. That just tells you what a rig thing, what a rig job. This is the. So it’s not that we don’t understand why people are so negative, but there is a side of negativity that’s carrying it forward. I’m convinced of that.

The powers that be want people being negative. Now for us, if you can see the flip side of that coin, what an opportunity. Because anytime you have an opportunity to be a contrarian and where you see the truth. And I’m telling you we see the truth here, folks. We are.

[00:21:17]:
I, I’m just not. And I, I raised, we raised our boys not to be impacted by propaganda. How to recognize it when you see it and it doesn’t. I’m sure, I’m sure on some level I am okay, we all are. But I’m saying when these, when they pull these big scams on us. You know, I was, I was predicting the housing crash a year, year and a half before it happened. Truly on stages all over the world. Never bought the 911 story, of course.

You know, Patriot act was written long before 911 enacted five weeks after 9 11. Right. So you know, you see why all this has been done to us and the plandemic, you know, we spotted that within, within two, three months we were saying no, this is, we’re being lied to, you know, if you go read the Rockefeller foundations document called Lockstep, and it’s like, it’s like we’re living through a playbook of today at the time, right? And then of course, the jabs and just never made any sense to, to anyone, I think. But anyway, point being, we are, we are in a, in a, in a very bullish time now. The, we think the economy is going to be rock solid next year. And again, if it wasn’t AI, it would be something else. It just happens to be AI because that’s the future and we are in the innovation revolution that’s driving everything. It’s going to make dot com.

Look, people will barely, when this is said and done, people will barely remember dot com. People will say, oh, we thought.com was a bubble until the innovation revolution or whatever they’re calling AI boom. What are they calling it? To me, it’s, it’s so much broader than just a, an AI boom and certainly not an AI bubble. We’ll get there, but it’s so much broader. We’re doing innovation not just in every industry, but new industries that are coming online. Imagine how big space is going to be in the decades to come. Probably within a decade. The number of jobs and the, the, just the, the, the, the gross amount of money that’s going to be spent on space exploration, space travel is, of course, that’s for businesses.

[00:23:16]:
It’s just going to be unbelievable. You know, come, come, come work for our company. One of the perks is you get to spend a week in space at our outer space. I mean, this is all, this is all happening because autonomous vehicles, robotics, I mean, we’re entering a period of the, like the Jetsons that I, you know, honestly, I’d kind of given up that we were ever going to get there. You know, as a kid. You love it. Oh, my God. That’s going to be.

When I get older. That’s going to be my future. And then it never happened, you know, but I think we all had a glimpse of it when.com did happen. And we saw a glimpse of, okay, wireless communicate. How they, how do they do this? You’re telling me we can send documents that are thousands of pages long by email and it rides across the planet in one sec. What are you talking, how does that happen? That’s futuristic. We’re beaming, we’re beaming stuff over, you know, and so again, Star Trek, right? Things that he grew up watching as a kid going, there’s just, that’s, that’s so cool. Well, they didn’t even have this in Star Trek.

They had their little, the little flip phone, but they didn’t, hey, let’s beam all this data over to our, they didn’t even even think of it, you know, so just imagine what’s going to happen, stuff we don’t even know yet, that we’re on the cusp, I believe, of learning there’ll be no disease in 20 years. Right? We wrote this in the Big Bribe three years ago and we got a lot of pushback. What are you talking about? No, there’ll be no disease in 20 years. No, no, no, there’ll still be illnesses and of course, stuff like that. Probably not very much, but there’ll be no, there’ll be no disease, cancer. There won’t be any of that in 20 years. It will all be solved. And so we’re all going to live longer.

[00:24:49]:
Means we need to have more money. And Dub Robotics is going to make that happen. This, you know, this is the big thing that the Elon Musk is so excited about is that it’s a sustainable abundance where nobody, no one’s broke, no one’s hungry, no one needs medical care they can’t get. You know, this is, this is the future. And there’s just no way all that happens without the stock market going into the biggest melt up move higher that we’ve ever seen. Making.com again make almost forgettable. That’s the future. And so that’s how we want to be positioned. And again our approach here is diversified approach. I mean for example, today, today, you know we got, we got hit today and Tesla was down 2%, right? Nvidia Day.

Well yeah, Nvidia finished down. No actually finished higher on the day. That means some of our positions weren’t higher today, you know but Dow Jones is all time high. So it’s like well what, so how, so how did we make money today? Well do you see gold today? I mean this is how, this is how we’re diversified because of your investing system. This is what it, what it does for us. We’re in the, we’re, we’re diversified not just in different stocks. We don’t just, we don’t own 15 tech stocks, you know what I’m saying? We own 15 holdings but we own in different sectors. And so today when like Tesla and other tech stocks were down, so what? Gold was up 2% today, up 85 bucks an ounce.

The, the gold miner ETF, which of course we’re on physical gold, physical silver days up, what was it 5%. I’ll cover commodities in a minute. Silver up huge today. Almost at an all time high. Yeah, almost another all time high. Gold GDX, the gold miner ETFC was up 3, 3.3% and our mining stocks well one was flat but we had one that was up 6% today and that’s no line gold. I’ll just tell you because here we’re going to have the CEO. I’ll write this up tomorrow morning.

[00:26:38]:
Scott Bertol, the CEO who we’ve gotten to know real well is going to be joining us for a members only podcast video Cast a Zoom on December 2nd. And it would be sooner except that he is traveling to Europe and to the Middle East. Now Snowline Gold is a new company, only been around four years. Stocks up 4,000%. This is, this is going to be one of the largest discoveries in North America probably for decades. And if they went into production now it would be the third largest gold miner. They’d be, they’d be producing 500,000 plus acres ounces of gold every year. Now long term life mine but they’ve only explored 5% of their 1 near 1 million acres.

Right. And so they’re you know they’ve got drill teams out now, five other drill teams out exploring other parts and I think they’re finding very good things. But you know, point being it’s a new company and they’re just now you know most people that bought this stock know this, know this play. They know the insiders, they, they’re or they’re, they’re, they’re mining gurus. You know, they’re the, the, the, the who’s who list. The list of investors in Snowline Gold reads like a list of who’s who. These are big money, smart money people. I could do, you know all the names.

They, they don’t make it public. So I’m not going to say I’m here but, but you know the names, they’re, they’re, they’re mining, they’re, they’re long term mining veterans and they’re all investors in this. And so today it was up over 5% and Scott’s now going to, to Europe and to the Middle east for two weeks on a road show. It’s gonna be a lot of money. Of course gold is kind of loved in the Middle east and throughout Europe for good reasons I think, I think they’re going to bring a lot of buying in. It’s phenomenal presentation. If you’ve not seen it again we’ll have Scott on December 2nd. He can tell us how the, the trip went to the Middle east and to Europe when he’s over there doing a roadshow for, for Snow Line.

[00:28:44]:
Get a lot of questions about what’s going to happen there. They’re going to be bought out what’s going to happen, you know, and I don’t think so. I think that they’re committed to staying in this play for as long as they can until it just doesn’t make sense. They’ll bring in a partner. My guess is they’ll be carried. You know, if they could, if they could bring in a senior partner, you know, someone that understands Canadian gold miners like, like them, someone they know and can trust and partner with. If they could keep 30 to 40% of the play, maybe more be carried. That means we, we still, we’re still along for the ride.

We’re still in this thing. And then Scott Berdahl is a young man with a very bright future ahead of him, I’ll tell you. And a father son team, just a phenomenal story. And then they go do another deal and we get to participate in that.

Maybe from jump street right from, right. From the very beginning. I think we’ve got to know Scott well enough that we may not be in the initial funding round of a new thing that he does. I’m talking about now, years down the road here, right when Snowline has, has Jo JV to what are they going to do on their, on their, their Yukon Valley play but to be in and this is why we love making relationships with getting to know management teams. You know, when the next deal comes up, you know, you’re one of maybe 20 people gets a phone call. And so that’s what we do here for vra. And we do because we love doing it. I mean we just absolutely love what we do. But every, everyone here should get to benefit from it.

[00:30:14]:
Right? And so it goes. Not a great data Dow Jones all time high, kind of flat elsewhere. Again tested down today, not a great day. But again other positions, right. Gold, silver, our mining stocks at least in this case. Snow Line was up today and you know that’s, that’s, that’s how you keep a portfolio, I think moving in the right direction. All right, let’s look under the. I don’t think I ever finished my story about trannies, did I Tyler? I should put a bow on that.

The trainees have been acting really good. Tyler follows this group pretty closely as I said earlier. And they today they closed at the highest level since April which we had the tariff the Tariff meltdown. Right. And so again, this is another pocket of the economy. You know we used to say, hey, it used to be a doubt Dow theory.

And it was when the Dow Jones and, and transports were, were zooming higher together. Is based on my recollection of how it works and people just kind of stop talking about it. But it’s transports is still very important and so it’s good to see them getting legs again. This is that rotational theme market we talked about. That is, it’s, it’s, it’s one of the more bullish market characteristics that you’re going to find. And so it was good seeing that today. All right, let’s look under the hood today.

[00:31:37]:
Okay. Internal state again. There’s just not much here. Flat advanced decline. A slightly positive, you want to say slightly negative for NASDAQ volume. Both were slightly positive. Just, I mean we’re talking about pretty slight here but they were positive. And we had 362 stocks hit all time high.

52 week high to 200. Excuse me, 170 hit a new 52 week low in our sector watch today. Pretty much the same thing. It was the same thing. Six sectors finished higher, five finished lower. Only energy was down 1.4%. Healthcare up 1.4%. Not much else happening anywhere else in our commodity watch.

As I said earlier, a good action here today. You know I see a lot, I saw a lot of people, you know when Gold topped at 4400 there, him and Han about how the top was in place. Remember these people never, never owned it. And then just because something’s going down, they want to pile on and say, ah, look at all you gold fools. Tops in place. No, it’s not. This is the beginning of this. Pretty much the beginning of this bull market.

[00:32:43]:
Our Target now is 15,000 for gold and we were up 85 bucks a day. It broke a 4200 high, was 4218. Closed at 4201 today putting it about 240 bucks an ounce below all time highs. It’ll break through that pretty soon. Up 2% of the day. Silver today 4.9%. 5323. That puts it today at the highs of the day.

It was just like, like a dime below all time high. Love this silver theme here. Silver’s going to 100 by the way. How do I know that Silver should have been 100 two decades ago. This group has been so manipulated. But now we’re seeing honest and true price discovery. This is something that is taking place here and the, the days of the manipulators being able to drive these precious metals lower, those days look to be over.

Knock on wood, they look to be over. And that means again these are going. Higher because they should have been, they. Should have been these prices again 20 years ago. Frankly where they are now. So who knows where they’re going to go. Copper 410 of a percent today $5.08. You know seeing like industry heavyweights that, that understand this group better than he was saying, copper is just waiting to go parabolic. The demand of course so heavy for it. The supply is not there. And I think we’re going to see a major running copper don’t really have a great way to play it right now.

[00:34:06]:
We already heavy in the sector meaning miners and mining stocks and metals. I’m sorry but we know we’re always looking right. Crude oil today got hit pretty good today, down to 55. I saw Trump in an interview going, you know look, inflation’s going away. Gas was 4 bucks a gallon when I got in. It’s now 250. I think he said, I heard him say today it’s going below 2. So you know, he’s heavily focused on getting energy prices lower because he knows that goes into everything that determines inflation to a very large degree.

Something like 65% of everything inflation related is tied to energy. And now that shelter costs are beginning to fall and they’re going to fall off the table here going forward again. That’s a lagging shelter, is a big time lagging indicator because people are locked into leases for extended periods. But when those start rolling off, they really roll off. And so crude oil energy being lower and now real estate shelter being lower, housing is going to be very, very good for inflation now with energy prices again. And add to, add to that the innovation revolution which is deep, either disinflationary or maybe even deflationary at its very core. That’s why rates should be so much lower. The ten year today did have a pretty good day.

What’S his name? Powell’s going to be gone. I already tried to forget his name. Pals can be gone in May. We saw today that the Atlanta Fed Bostic, the Atlanta Fed guy is go ahead and he’s gone. He’s gone. His term was up in February. I don’t even think he’s sticking around then. This guy was a, is a, is a criminal.

[00:35:46]:
You know they have very tight trading and reporting rules in the Fed and he Violated them all like on 130 trades.

I think he thought he could be Nancy Pelosi or another of these scumbag politicians that use their, you know, positions to, to get illegal information because they can’t be, because it’s not illegal for.

It’s immoral. But of course they don’t care about that. It’s just not, they can’t be prosecuted for it. And so that’s what Bostic did at the Atlanta Fed. He’s going to be gone. So Trump is going to be appointing several additional Federal Reserve governors. He’s going to, he’s going to control this Federal Reserve when May clicks around and he’s got his own Fed chair. And that’s the thing about mortgages.

[00:36:32]:
Again, we’re broken record on this. 30 year mortgages are going to go dramatically lower. They’ve already drawn, as Scott Bassett likes to point out, they’ve already fallen from over 7% to about 6, 6.1%. They’re going, they’re going below 5% next year, maybe like 4 and a half percent. It’s going to be fast because they know that’s the best way to jumpstart the housing market to get it going again, breathe some life into it. Right. And of course that’s what, that’s what.

He’s the most political Fed chair of our times. I think the worst picture of our time, certainly of my time. And of course this is, this is get Trump still, right. It’s not going to work. It hasn’t worked for anybody else doing it. It’s not going to work for the Federal Reserve doing either, I don’t believe. But anyway, good day. Good day for commodities.

Not great day for oil again, closing at 58.49 a barrel. And finally the day bitcoin. Bit. Bitcoin has just been boring. And this is not what typically what bitcoin does. Okay. It’s really been a big trading range, 98,000 to 124. And you know, we’re in the best quarter of the year.

[00:37:35]:
It’s time for to get going. I did see that it’s about to have a death cross which sounds horrible.

You remember those, those fools last week they were telling us to sell everything because of that. But the death crosses don’t really work the same way we with, with investment. Golden crosses are very high probability buy signal death crosses are not. And in bitcoin they’ve been horrible signals for. For bears. On the last four death crosses in bitcoin, you see some of the most dramatic moves higher. And so we just had one in death. Death cross in bitcoin.

For what it’s worth. I don’t have all the hard data in front of me. I just. But I just see that. I see it overnight right now. Bitcoin last 24 hours down 1.2%. Last 101,000 7. 88.

[00:38:19]:
The whole group has been soft. Altcoins are soft. Our new crypto that we’ve recommended has been soft, but again, they’re about to do their very first having on about December 10th. And we’ll. We’ll probably make that public to everybody here pretty soon, but we’d like this a good deal. But again, the whole group’s been soft. And when bitcoin soft, it’s hard for pretty much any coin to be doing well. That’s just.

They all trade off, the granddaddy of them. All right, all right, folks, that’s it for the day. Hope you had a great day and you had a better night. We’ll see you back here tomorrow after the close.