In today's episode, Kip breaks down another rollercoaster day in the markets, marking back-to-back days of gains. Kip dives into the different angles of this two-day rally, from short-covering swings to market-moving headlines. He also shares a few real stories for VRA Members and business owners who are feeling the real-world effects of Trump's policies. Tune into today's podcast to learn more.

Don’t look back because market is closed. Good Wednesday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. A nice recovery day in the market today. Actually, back to back days now, we’ve had pretty solid gains. I do believe, however, this is bear market rally. We’ll talk about that a little bit.

This looks to be short covering, very news driven. Trying to think of a good analogy for what the times we’re living through right now, the news flow that’s taking place out of this administration. We had more back and forth today on this. It’s like a ping pong match of clones, right, that are continue to debate and argue with each other and negotiate against each other, boom, boom, boom, back and forth. But they’re with the same person. Does that make sense? Because, you know, Trump seems to change policy and best of today as well, they seem to change policy almost a daily basis. And they’re talking at the Chinese, but the Chinese just come back with, we’re not going to respond. We’re not going to respond to threats and to bullying, you know, and yeah, I think people need to remember something very important.

[00:01:09]:
And you have to know that Trump and everybody in his administration knows this because this is common knowledge. The Chinese do not care about their people. I mean, sure, they don’t want them rising up, but they have social credit scores to protect. So they’ve got them tightly under control. And what the Chinese learned, President Xi learned through the pandemic, was that they can shut their people in, even as Tyler reminded me today, weld them into their apartment buildings, which they did during the pandemic and they locked down the country for over a year and didn’t even, didn’t even blink an eye. So the same kind of pain that Americans are responding already responding to because the fear factor is starting to really grow about, okay, what does this mean for us? What could this be for our business? As we talk about here, we get two or three emails every day. Got five emails today from people that are like, you know what, either I’m in business and I see what’s coming and I’m frightened by it, or, or I’ve got family that is okay, I’ve got close friends and they’re consumed with this because these are real risk. So this is a very trying time for a lot of people.

[00:02:23]:
I know a lot of you listening right now, you know, you’ve got your own situation. Look, we all do, right? I don’t have a business that’s, that’s Dependent on imports. Okay, we have a subscription based model and we have, you know, our family office and that’s, you know, we’re, but we rely on the markets and we want, we want them to keep going up. Of course, because I don’t like being bearish. I don’t like, I don’t want to make money on the downside. That’s just, I’m not built like that. I’m an optimist. I want to invest in companies and celebrate with them as they grow and as they succeed, as they hire more employees.

It’s a win, win. It’s what makes capitalism for me it’s what makes capitalism so, so, so exciting. And so it’s such a positive event to be part of. So when we go into bear market like we’re in now, this is completely ballgame for me. I hate it. But I have experience with it and we’ve done very well in trading bear markets in the past. I’ll just repeat for our new people, I’ll just tell this story quickly. Starting in about 2007, as a lot of you may remember, I was on stages throughout the US and really around the world, several countries talking about the coming housing crisis.

[00:03:30]:
What I saw as what could be a housing crisis. I never said it was going to be a financial crash. I never said it was going to be a financial crisis like we had. I didn’t have that vision. But I did make comparisons to the housing market that Japan had from the 1980s on. Of course they went through a 20 straight years of home prices declining. Japan. Home prices in Japan fell for 20 straight years.

There’s two lost decades in Japan. And if it wasn’t for the Mrs. Watanabes, it would have been a lot worse when it came to their, to their FX and currency markets exporting the yen. And that may be at play here with retail investors supporting our markets here. But you know, we went into that, into the financial crisis, prepared for it at the bra. We had a lot of folks that you know, that I consult with and I just wanted to make sure that they weren’t heavy in housing because remember everyone at that time frame, as the old saying goes, you could fog a mirror, you could get a loan for a mortgage. I don’t know if it was quite that bad, but I think it was pretty bad. But the real key though, this is what people do not remember about this.

[00:04:36]:
People still like to blame the individual for that, for the housing crisis. You know, if we hadn’t gotten so extended and if everybody hadn’t had four or five mortgages and home equity loans, that wouldn’t have happened. Oh really? What do you think? You think the Fed’s 17 straight rate hikes from 2003, 2004 to 2006, you think 17 straight rate hikes from the Fed may have played a role in the financial crisis and the housing crash? Oh, yeah. I watched it real time. I was talking about it in real time. They were hiking into a dramatically slowing housing market. So all the signs were there that we were about to go through a rough patch. So we raised a lot of cash, not, not all that dissimilar from what we’ve done here in the vra, although we raised a lot more cash then.

And then we made money on the short side. And then I called the bottom in March the ninth at within five minutes to the bottom, called that bottom. We would aggressively long, absolutely crushed the market over, I don’t know, a year, 14 months, something like that. And I hated it the entire time. Right. I’ve never gotten old anything but I remember how much I hated that time frame. Just high stress, don’t like doing it. Rather be long again.

[00:05:47]:
So we got some experience with this and I do think that we’re, you know, we recently sold a total of 10 positions beginning three weeks ago, pretty much all around that time. And you know, I didn’t want to do that either, but we did. And so we have a lot of cash now. We have great positions. I think we’re really prepared for what comes next. And now we are preparing. You know, we placed some trades today both in parabolic and VRA to prepare for the next leg down. I’ll talk about that more in a moment because I do think that’s coming.

Anyway, got a little bit off base here, but I don’t like bear markets. I don’t even, I don’t even like saying we’re in a bear market. But folks, I believe what we witnessed yesterday and today was it was a bear market rally and it may extend. Bear market rallies can go on for weeks, you know, so there’s, there’s no way to really time that except to watch our key indicators. And that’s what we’ll talk about next. Dow Jones today again saw the markets and I’ll tell you why it happened. But it, it, what’s happening with this ping pong match of clones that are negotiating against themselves is a little crazy to watch. I’m being honest.

[00:06:50]:
It makes no sense. It’s embarrassing. It is embarrassing. America is being embarrassed. Our administration is embarrassing. Embarrassing. U.S. it’s, it is, folks.

That’s the reality of what we’re witnessing right now. But this is Trump, this is, you know, let Trump be Trump. So maybe there’s a method to his madness right now. I don’t see that, do you? I don’t see 40 tests right now. I see mass confusion and again, consumers that are getting very concerned and maybe rightly so, we’re seeing, we’re seeing real warning, warning signs now in the consumer. I’ll cover that more in just a moment. Dow Jones did finish up 419 points again. We were up 1 point, 1100 points again.

The administration, in addition to inside trading and tell me, you know, they’re, they’re Wall street buddies, what’s about to happen. They did, Scott Besson did that at a JP Morgan event on Monday night, told them that, you know, we’ve covered this the last couple of days, that it was just untenable, really the situation with China and that they were going to have to come to a compromise. And so that’s why the market rallied a thousand points yesterday. Again, we opened up 1100 points today. We lost more than half of those of this gain, but still Good, solid gains. 1% higher. Dow Jones SPF 100 up 1.7%. Russ 2000 up 1.5.

[00:07:59]:
Nasdaq led higher. This is a good day for NASDAQ up 2.5%. Even better is the semis were up 4.7% today. So these, these are, these are good signs, right? What we’re seeing now, semis leading tech. Tech lead. This is a textbook bull market day. Unfortunately, I’m concerned it’s coming in the confines of a bear market rally, short covering and very much based on news flow. And that’s what the administration now is trying to control.

They’re trying to control the news and support the markets. It’s crystal clear if you’re watching and paying attention, they know this is a rough bear market. They know that people are really upset about $11 trillion sucked out of the, out of the stock market, not including the losses coming in the economy and those, unfortunately, the market is a discounting mechanism. So when you see this kind of loss, just like we saw in Covid, when you see this kind of loss, and I always call the plandemic, I never call it Covid. I apologies folks. When you see these kind of losses we had during the pandemic, you know what could be coming on the back end of this stock market decline. This is why so many of us. I’ll just, I’LL just speak for myself.

[00:09:06]:
This is why every day on this podcast and when I write, I am being brutally honest about what I see. Because if we don’t speak up, the Trump administration’s not going to know they’re in their own echo chamber. I imagine Trump’s always had an echo chamber, but if you imagine how much worse it is when you’re in the White House. We learned today that Elon Musk and Attorney Secretary Scott Bessant just got in a screaming, a yelling match in the White House. We have quotes from this, by the way. And Caroline Levitt, the press secretary, didn’t deny it today, so she said that they’re free to do what they want to do. But she was asked point blank about it. Here are the quotes from it.

They’re talking about tariff and trade policy and it got heated. And Scott Bessant, the UN Treasury Secretary, said, you’re just upset you’re not doing better at Doge. You haven’t done a great job there, have you? Something to that effect. And then Musk is not going to back down to anybody. Musk replied back, what do you know? You’re a source puppet. What have you ever built? Of course, Scott Bessant worked for George Soros, learned the ropes of manipulating currency, if you will, and crashing select currencies if you choose to. George Soros did that. Scott Besson did learn that from George Soros.

[00:10:26]:
So I happen to think that’s healthy. I have no problem with that whatsoever. I love the fact that Musk isn’t going to back down. And if I have to pick between Elon Musk and Scott Besant 100 out of 100 times, I’m going with Elon Musk, okay? There are some things about Scott Besant that I like and there’s some things that I don’t like. I did watch part of his speech today about trying to reset America’s place in the global stage, economically speaking. And looking guy’s incredibly bright. He’s making great points. But the takeaway for me, okay? And I always try to separate myself from a situation and put myself in the other person’s shoes, right? I think that you have to do that or you can’t fully grasp any situation.

The takeaway for me, and this happens every time I see Bessant speak, to tell you truth, when he’s talking about China, the Chinese have a point, right? We are trying to tell them what to do. Why is that our job to tell them what to do? You know, it’s like blaming Mexico for the drug war. No, we’re taking these drugs. It’s Americans doing this, right? Yeah. They may be smuggling in or whatever. Maybe ultimately it’s their problem, the fentanyl as well. But Americans are the ones look in the mirror, okay? And that’s certainly the case with China because we don’t have to buy their cheap products, but we do. And now we have a system, very entrenched system again, with millions and millions of entrepreneurs.

[00:11:55]:
We’ve talked about them. Again, so many of you have sent your emails to us. Please keep them coming. These are tough to read and I know they’re even tougher for you to send. So I really appreciate you sending them. But again, there’s a real sense of, oh shit, look what may be coming here. Do they not understand what’s going on here? And so I think that because so many businesses, again, this is the model that we were taught to build, right? This is the NAFTA model, right, that we can have the ability to support the world. Let’s have global free trade and then we can buy there more inexpensive things that we can’t or won’t make here.

And then we can start a business and sell those things to people that want them in the U.S. right, because we’re very much a consumer society. That’s our model. And that’s what for now more than three decades, that’s what so much of our business in the US Is based on. And now Trump and team come in and want to break that model immediately and they want everyone to disconnect from that model. That is not possible to do again. Caroline Levitt today was asked about Scott Besant and saying that, hey, the U.S. is going to lighten up on China.

[00:13:08]:
Trump had a much different tone. If you’ve seen his interview late yesterday afternoon and she just contradicted Trump, she said, no, there’ll be no unilateral decisions about China and trade on the terrorists. Meaning that we’re not going to do it until China does it hard to do when you’re not actually meeting. And that’s just it, they’re not actually meeting. Right. It’s negotiation through sound bite. And the China, remember the Chinese state, they just are not going to cave. These people are proud of their ability to withstand a lot of pain.

And I think that if we don’t understand that, then we’re asking for real trouble here. I’ll cover that some more in just a moment because I do want to cover some consumer information with you that we, we reported this morning. I think it’s important. But I got to mention one more time because I’m not hearing enough of this in the media. And to me it’s just absolutely sickening what this insider dealing is happening with Scott Bessant and in the Trump administration. Now we have two cases where this has happened in the last, what call it two and a half weeks. Okay, Monday night, Besson, that is the JP Morgan event letting him know that there’s a U turn, if you will coming on China trade. Of course that was, that resulted in the big gains yesterday.

[00:14:25]:
And then of course we had this, what, two and a half weeks ago when Trump first backed off and put the pause on his reciprocal tariffs. And that resulted in the third biggest one day gains that we’d ever had since World War II. So again, the insiders knew that was coming too. We’re talking about a lot of money that’s been made and this is the administration that said this time. This is about Wall Street. It’s not about Wall street anymore, it’s about Main Street. We’re not seeing that. We’re not seeing that.

We’re seeing just the opposite where individual small businesses now are having to scramble because of how this tariff policy can impact them. Where carve outs are being made for auto companies. And if you think of a major US Company, carve outs are happening. Okay, I will tell you that the reports coming out from the Trump met privately with and by the way, there’s been almost no official reporting from this which tells you how bad that meeting was. Walmart, Amazon, CEO, excuse me, Target and Lowe’s or Home Depot I believe it was. Those are the four that I know for sure CEOs that were in the meeting with Trump talking about trade tariff policy. And very little is come out except today. And again there’s only two network, two networks reporting this and I hate to even repeat it because of the two of these networks are CNN and CNBC both reporting today that these retailers, these retailers told Trump that we’re going to have empty shelves.

[00:16:04]:
This is coming. Americans aren’t going to, aren’t going to be prepared. Again, this is very much an echo of what we saw during the pandemic. So the market is trading like we’re going to recession. I don’t think that’s any surprise. But again we got a bear market rally today and that again that is how we’re going to be playing it here. But I’m sickened by this insider trading that’s taking place in this administration. Besant seems to step in it pretty Easily.

And I think Elon Musk is right to question what’s happening with this terror policy. I think he’s exactly right to question what’s happening with terror policy. As I wrote this morning. Look, if we are pivoting now, if this is the official pivot away from Trump’s most hardcore terror policies, if that’s what we’re watching here, I’m fine with that. Right. Yeah. It’s embarrassing. It’s completely embarrassing for Trump in America if this is what this is.

[00:17:05]:
We forced Americans and our. In our markets and our economy go through little hell again. $11 trillion in total losses to the stock market. We’ve recouped some of that, of course, and now I believe economic pain to come. We’re seeing that, all the indicators now. But if that’s what we’re going to do, we’re going to pivot. I’m good with it. All right.

Yeah, it’s embarrassing. But you know what, the best thing, Trump’s great at this over his career, both as a politician, certainly as a businessman, if he’s going down the wrong, wrong path, he, he correct. He course corrects pretty quickly. Right. He’s got, he reads a room and as well as anybody. And so he’s able to write the ship in fairly short order. If that’s what this is, I’m fine with it. Okay.

Let’s just get it done. Go ahead and announce it. That’s what I’ve been recommending and Tyler and I have been recommending now for almost the entirety of this last six weeks. Right. Again, because of the execution and the recklessness of the rollout. But I think the question the administration should be asking, if they even care to ask, is how are, how, how many Americans are going to be unwilling to forget what’s just happened here because this is an unforced error and it looks like it continues Again, we’re negotiating against ourselves. I won’t be one of those people that lets this go. I’ve not let the pandemic go.

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I’ve not let the clock shots go. And I remember 9, 11 and all the details of it, which opened my eyes to everything, taught me how to really do real research and ask the hard questions and not rely on the media for any of those answers to the questions, because you’re only going to get lies from them. Okay, Again, I know I’m speaking to a crowd here that’s just predicting your head up and down. You get it as well. But I don’t let these things go. And I’m concerned that if the economy does begin to slow down a lot and if we go into a recession, I think the odds, I think the odds now are increasing daily that we’re gonna have a recession. Where would I put it? I would say right now we’re at 60, 65% that we’re gonna have a recession. And again, I’ll share some data with you on that.

Just a moment. This is getting a little scary what’s happening here. And I, they should just tear it up and start over. Tear it up and start over. Say, you know what, we screwed up. We’re gonna, we’re gonna do it over the next two years. We’re gonna do it in a phased period. This is what Tyler had been recommending.

[00:19:27]:
I think it’s a great idea. Roll it out in the face. Probably if you don’t get a deal done in two months, this, this tear kicks in, et cetera. But don’t just shock the system like that. But this is the most damaging political and economic mistake that I’ve seen in a very long while. Again, it doesn’t rival the pandemic, doesn’t rival the two wars in, you know, Afghanistan and Iraq. It doesn’t bore, it doesn’t rival Biden’s open border policies. Okay, still, this is, this is, this is what we’re seeing is idiotic.

You would never do this intentionally. And this is going to leave marks unless there’s a master plan that we all hope is there. I know. Otherwise, you know, folks, I think this bear market continues and I think we are at minimum going to retest the lows. However, if they can pivot now and if we can move forward and start focusing on re engaging America and Americans, animal spirits, get these tax cuts going, you know, to get as many positives for the, for the American people to focus on so we can forget about what we’ve just been through, then I think we can completely avoid a recession. But again, as trade policy, especially with us so dependent on China for imports, I know that’s the ultimate problem. I get that. But still, trying to separate like this is a real problem.

[00:20:51]:
Okay, let’s take a look under the hood note first of all. Yeah, look, this severe market rally, we’re seeing all those signs the last couple of days. We talked about this yesterday. I wrote this up this morning. The key to watch here in the very short term, okay, this is actually meaning in this, in this time frame for, let’s say for the last four, four or five weeks, it’s the, if you look at Any chart of every major index. Pick an index, does not matter which one it is, and then make one of your moving averages, the 21 EMA exponential moving average. We use 50 day 100 day 200 day 8 day 21 day. That’s what our, our, our, our, our moving averages are that the VRA system is based on.

Look at just we Featured this morning QQQ, NASDAQ 100, because that’s the one that we’re, we’re trading both in the VRA and in Parabolic Options. And if you look at it though, you’re going to see that from the, from the, from the water birth of the waterfall decline, which is like five weeks ago when it started, NASDAQ’s lost 26%. That’s stunning. Right? When you look at the, the waterfall decline that started then, what you’ll see is that every single rally attempt, every single rally attempt has even been either been turned away at the 8 EMA or the 21 EMA. Now we, we’ve, we’ve broken through it for like a day or two. And that’s it. Dennis, do you turn reverse? Lower new lows, right? That’s a series of higher lows, higher highs we’ve been talking about. Well, guess what? We are right now, we are one point above the 21 EMA on QQQ right now.

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And today we fell as low as 453. It’s right now, it’s 456. So we’re essentially, we’re right at the 21 EMA. So this is a kind of a crucial, technically speaking, which is this help. This is held up again every single time that we’ve tested this. I believe if we can rally through this, okay, get through this level and hold above the 21 EMA, then we have a shot at the 50 day. All right, and that’s 6% higher from here. That would be, that would make a pretty nice rally.

And then we’d have to, you know, take a look under the hood and see, okay, how’s it held up? How are internals looking? How are leading indicators of the semi still leading like they did today. And then we can start talking about the potential for getting out of this bear market and really focus on the future because there are a lot of positives to focus on. Again, it’s very, it’s very hard to break the American consumer. And at the end of the day, the American consumer has supported us through everything. Right. And we already have had a bear market again. Nasdaq down 26%. Semi is down to 1.39%.

[00:23:27]:
Right. I mean this is, this is, this is, this is brutal. And you have to say that at some point these lows are going to be in. That is what we want to see happen. But we’d like to have, we want to see almost like what happened with Tesla today. Right? Tesla had a horrible quarter last night and then what their stock do today, it’s up 6%. Right. It’s been up as much today as 9%.

So that’s what we want to see take place throughout tech. And the semis, again, they’ve been battered. We want to see them start going up on bad news. Now that happened for intel overnight. Last night, intel announced that they were laying off one fifth of their, of their, of their employees. 20,000 people they’re laying off in the near future. What their stock do today, up 5.6%. All right, so that’s the kind of action that we, that we will see at bottoms and that we want to see it bottoms.

So that’s that what we saw today straight up was encouraging. We just need more of it. Right, Good, good internals today as well. But again, back to the consumer. These are the things that we just learned over the last week. So the American consumer and the American companies have held up. They’re in stunningly good shape. The first America still is.

[00:24:37]:
Second, America is now starting to really collapse. Corporate America is great. I don’t think it’s ever been. Matter of fact, we have all the data to prove this. Corporate America has never been stronger than it is now. So that’s not a concern. Again, these are big reasons why if we have a recession, it will be likely mild at this point at least. Okay, but here are the things happening with consumer.

They’re now starting to snowball student loans. The Department of Education is going to resume collections on all student loans. Remember Biden tried to get away, do away with all these. They try to do. They’re trying to. They will start collecting again on student loans on May 5th. Okay, so we’re right around the corner and that’s a lot, folks. That’s a total of more than 9 million student loan borrowers in default.

4 million are delinquent. So these are big numbers. Okay? That’s going to weigh on people in the economy. We also just learned that FICO scores, credit scores have fallen for the first time since 2020. Again, just, just maybe six months ago. Credit scores are an all time high that is now reversing, still very high, but beginning to reverse. These are the early warning signs of fraying at the edges of the consumer based economy. Auto loans, subprime auto loans, now 6.5% of them are more than 60 days past due.

[00:25:55]:
That’s the highest in 30 years. 11.3% of credit card balances are above or more than 90 days late. That’s the highest rate since 2011. Yeah, people are relying on credit. So we’re seeing the trifecta. Collapsing credit, soaring debt and rising layoffs. We also learned, of course this is from March. But again, this is a little dated, of course, because if it’s March data, it’s really from February.

But even then the economy was beginning to slow again. Remember, the Fed is keeping rates much too restrictively high. All right? Much too high. The fed should, the 10 year, the fed funds rate should be at least one full, I believe at least one full percent below where it is now. The 10 year by the way right now is 4.387%. The fed funds rate should be at like 3.4%. But they’re in this battle of Trump. And this is a repeat of 2018.

This is ego, this is bonfire, the vanities, this is financial masters of the universe. We’re watching it play out right in front of us. And Jay Powell and the Federal Reserve, they, they, they’re going to try once again to teach Trump his boss. All right, this is get Trump. And they know they can do it through this using the bond market vigilantes. Again, of interest, 10 year, 10 year yield today fell considerably this morning. I mean this was a big, this is a positive by the way, this morning it was, let me tell you, the, the range of the 10 year here with the news we just saw. This should not be happening, folks.

[00:27:23]:
The 10 year hit a low today of 4.26%. It closed at 4.387%, just barely lower on the day. You know, remember this, the high from what two weeks ago was 4.51%. We’re not far from that now. So if, if even in the face of all this calamity, flight to safety, a falling stock market, of course now it’s rising again. But if interest rates start ticking up again again, 5% on the 10 year, that’s a level that will kind of, that’ll ring a lot of alarm bells if we get there. The stock market will be considerably lower than it is now. That’s just me telling you straight up, that is what will happen.

Not only will have people selling positions, you’ll have aggressive short selling happening then. And the bears Will the bears are in control now, but they’ll be firmly in control if 10 year yields continue to rise. This is, this is a real problem. And again, I do believe it’s part of get Trump. I’m certain of it. I don’t know we can ever prove it, but I am. So I’ve done this long enough. I’m certain that’s what’s happening here.

[00:28:26]:
We know there’s no love lost between either Trump or Powell. And of course now Trump said, you know about face on firing Powell, I guess gave some kind of a bounce to the market today. But how bizarre is that? We’re really going up and calling that good news because the market went up because you’re not going to try to fire Powell. I mean, good God, can’t we do better than this is what I’m saying. Can’t we do better than this? Okay, so the consumer is starting to fray at the edges, especially the second America. I’m sure the first America is still in good shape. But this is having an impact on millions of Americans that they either have businesses, their friends or family do. And you know what’s happening.

Things are falling apart. Things are beginning to come apart at the seams. That’s where we are right now. I urge the administration to rethink this policy and start over before it’s too late and before a recession is baked in the cake. Okay. All right, let’s take a look under the hood today. Again, this is a good day. Internals, we’re good again.

[00:29:24]:
These are, these are days you tend to see when you have bear market rallies, unfortunately. But again, if you can put another day like this, another day or two together like this. Now we start talking about again getting to the 50 day moving average, getting out of this beer market, what that would look like. And so again, good leadership today. I like what I saw today under the hood today in our internals, we had both for nasdaq, NYSE three to one advanced decline, good readings. We were much higher earlier but of course we had, you know, as I say, we lost 60% of our gains from this morning’s open NYSE up volume 71% very good. Nasdaq better 81% again. These are good readings here.

52 highs, low came in unchanged. Excuse me. Pretty much right. Even between new lows and highs. As far as our sector watch again, very good here as well. Of our 11 SP 500 sectors, we had nine finished higher, just two finished lower. Led the upside, this is what you want to see. Tech of 2.9% consumer discretionary.

[00:30:24]:
Also what you want to see of 2.7%, we had four sectors finish up better than 1% on the day. To the downside, really nothing. Energy down a quarter percent. Consumer staples down 4/10 of 1% as well in a commodity watch. And again, this is now, you know, we’re seeing correlations that were breaking. Now they’re starting to make sense again, right? This is the environment where gold should be going lower. This is again, first of all, go, as we talk about here, gold hit. This is like four or five days ago, gold hit extreme overbought on the VRA system.

And then from that point forward, he just went parabolic. So we’re kind of living on borrowed time. But gold finished down at $117 an ounce today, still at $3,301 an ounce. From the birth of this parabolic phase of this gold move higher. These shakeouts have not lasted long. Frankly, I’d be surprised if this one lasts very long. But again, we paused our buying in gold and you know, we’ll wait for a pullback. I don’t think, I wouldn’t think more than just a few days till we can start buying gold again.

[00:31:31]:
But we have great position. It’s the largest position times 5. We’re very happy with gold. And thank you for, thank you Gold, for what you’ve done for us and for all of our subscribers here in the vra because you have been a rocket Gibraltar and we’re making a lot of money with you too as well. The miners. Silver today again, gold down 3.4%, silver up 2%. Here we go. Silver is so ready for again

Silver should be trading well over $50 now, so that’d be an all time high right now. Instead it’s $33.56. Love silver here, love the action today that it put in. With gold being hit later. Hit, hit lower. Copper today down 1% at $4.83 a pound. Again, it’s been giving off very bullish signs as Dr. Copper.

Good bullish signs for the global economy. Crude oil today, today gave up gains from Yesterday down to $1.38 a barrel, down 2% at 62.29. And finally today, Bitcoin continues to charge higher up 8/10 of 1%.93766 getting reports. This is, these are. These I haven’t seen. We’re getting industry reports. I’ve not seen the links to these pieces, but we’re getting industry reports from people that I think are very trustworthy. Saying that sovereign wealth funds are buying bitcoin at high levels.

[00:32:48]:
I’ve not. I’ve only seen a couple of cyber wealth funds announced that they’re buying bitcoin. But the reports are that those orders are coming in. Last trade 93,000 7. 86. Trading very, very well is bitcoin. All right, folks, that’s it for the day. Hope you had a good day, maybe a better night. We’ll see you back here again tomorrow after the close.