In today's episode, Kip provides a deep dive into today's market action and the internals, showcasing an optimistic view despite the day's losses and highlighting strong performances from certain areas, like the semiconductors. Kip also explores the actions and potential impacts of new Treasury Secretary Scott Benson, emphasizing the current administration's brilliance. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Thursday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a great day today. Gotta tell you for, you know, Tyler covered the podcast for us the last two days. Otherwise today. Yesterday would have been my day. Today would be his day.

And of course, today was a big move lower, a big lower. Not. It really wasn’t. I’ll explain that more in a moment. But anyway, today was lower in the market and, you know, this would have been Tyler’s day. So maybe we broke up that cycle for Tyler. Hoping so. Anyway, see if you’re new to us.

[00:00:30]:
Trust me when I tell you, for four or five years now, Tyler has regularly gotten the down days. It is uncanny how we, we’ve even tried to trade this with options to see if we can make money on this. It’s been that. It’s been that predictable, frankly. But anyway, great to be back with you today. Thanks again, Tyler, for covering for me yesterday. Look, as I said a minute ago, Dow Jones today, one point down over 700 points. Finished today down 450.

Good, solid smart Money hour. That’s a repeating pattern that’s happening here. If you’re a very letter member with this, you know what I’m talking about. NASDAQ today also was down over 200 points. Another strong smart money hour did finish down 93 points. But again, the positives today, I got to tell you, and you’ll see this as we go through the internals and other things. You know, our positions did quite well for the VRA today. This was not.

If we’re going to have a big down day, please make it like this one, all right? Because, you know, the things that we were invested in did quite well. And again, this was just not brutal action. This felt to me very much like the market. Again, we talked about this last two days, the market had reached short term overbought levels. Technically speaking, that’s only on stochastic. We have four screens for momentum oscillators we use in the VR investing system. And the shortest term mover is stochastics. And that on Tuesday, that hit heavily overbought levels.

[00:01:56]:
But the other indicators are even close to it. Right? So it’s just the shortest term indicator. This felt to me, and we’ll find out tomorrow. Of course, this felt to me like a one day pause, right? A one day period to suck in the bears so then we can get them to, you know, cover the short positions again. So we’ll see. But again, no damage. Done here whatsoever. The news broke this morning at the open of Walmart missing again it’s 1/4.

Walmart’s up 80% in the last year. Stock was down 6, 6.5% today. But again that, that, that’s the Dow Jones component. That kind of set the tone this morning for the market. The BKX bank index was down today 2.4% based on I guess some things that new Treasury Secretary Scott Benson, who by the way is a rock star. If you don’t, if you don’t know what I’m talking about, pay attention to what this man does. Remember the person before him was Janet Yellen, okay. Who of course was also the Fed chair some time ago with Obama.

And now, well we have Scott Bessant who is a brilliant financial strategist. We’re going to see this in the very near future as I’ve already talked to both Bessant and Trump, specifically Bessant, yesterday’s comments said, yeah, we’re going to monetize the balance sheet. We’ve got a lot of assets that aren’t reflecting true values on the balance sheet and that’s what we’re going to focus on. He also said this morning in an interview on Bloomberg again, brilliant guy and he’s gay. Like who gives a shit? No one cares, you know, if you, this is the Obama administration or a bad administration. They would just every day. He’s gay, he’s, oh, look at us, pat us on the back. He’s gay, he’s gay, he’s gay.

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Who gives a shit? No one cares. Are you good at what you do? Thank you. You’re hired. And he is very good at what he does. And I think that’s really going to become the brilliance of this administration up and down the line. These are hard nosed negotiating businessman that win, win, win, win, win. And women. And so I, I think again I am shocked, I am just constantly shocked by people that are bearish.

Goldman Sachs today came out and gave six reasons they’re bearish. I’m like, what? There’s a reason they call you the vampire squid of the financial world. You’re probably long and you’re sucking in shorts, right? But I don’t get it, I don’t get it. This, this, this administration is bloody brilliant. This market’s going to skyrocket as a result of that. But remember, even come into this, like even if we didn’t have the Trump administration, we still had the innovation, still had the innovation revolution and we still have these, our five big bride megatrends that are driving everything. Folks. This is a, this is going to be the most powerful investment market of my lifetime.

Is it going to blow away the dot com melt up? Just look, if I’m wrong, if I’m wrong on this, I will tell you, I’m not attached to this. I’m just telling you every fiber of my DNA, right? Every fiber of bna, every, every bit of my DNA. As I dig and look at the administration, I look at all the macro elements and the economic and the structure of the stock market. We’ve yet to have an IPO boom, We’ve yet to have a mergers and acquisition boom. We get to have the small caps run. These are all things that happen before bull markets end. So again, Benson today said a few things. It kind of upset the banks a little bit.

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That’s why the banks were down today. That took the market lower than Walmart did. But you know, Bessel was asked also about revaluing gold because it’s of course on the, on the balance sheet gold is carried at $42 an ounce. Has been since they took us off the gold standard in 1971. We came off and they valued gold at 42, I think since 1973. And he was asked about revaluing it to then use those funds, which would be about 8 to $900 billion of an increase in the balance sheet, to use that to fund the sovereign wealth fund, which of course is something else they’re very excited about. This is going to be huge. He said, no, we really haven’t, I really haven’t considered that.

And then gold got hit on that. But that’s not why gold has been going up. Gold hasn’t been going up because Scott Besant was going to use it to start a sovereign wealth fund. Gold is going up because Trump wants to revalue gold from 42 up and use that as leverage. Probably, I would say probably to back long term issuance of treasuries. 50 year issuance of treasuries backed at least partially by gold is going to bring those rates down. So Instead of the US having to pay 5, 6, 7% or whatever it would be for 50 year debt, how about they pay 2 or 3% because it’s actually backed by gold. So again, this is the brilliance of this administration.

I know I keep saying it, but I just, I guess the thing is I don’t hear people in the media saying this. Every now and then there’ll be a guest on it and they’ll say, you just don’t understand how smart these people are, how good they are at what they do. And they’re tough negotiators, all of them. Every now and then, I mean on Fox of course they talk about it, but on the financial programs you just don’t get that. At least not that I’ve seen. I don’t see it written about either. Again, I’m not sure how investors don’t understand what’s about to happen here, but that’s okay. You know, it gives us for all the sellers out there, all the fear that’s out there and there’s a lot of it still that gives us the opportunity to buy low, right? Because before this, the true melt up comes and make no mistake about it, we are going to have a melt up bull market.

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Look, the last two years have been great, okay, 27%, 24% last year, whatever it was. The last two years have been up more than 20%. Okay? And that, that, that’s back to back f years. You ain’t seen nothing yet. We are going to have years in this bull market. Multiple years with the S&P 500 up 30, 35, maybe even 40% which of course means tech stocks and semis are going to do even better. And let’s, we’ll go ahead and transition to that here because again we saw another very good smart money hour. And guess what happened when the Nasdaq was down 160 points about an hour before the close this maybe an hour and a half, the semis went green.

If you notice, if you, if you notice that, then you may remember this is one of our recent talking points because it’s a repeating pattern that’s been happening from the January 27th deep seek shakeout that took place. Right? The AI that supposedly was going to replace USAI, by the way, it’s now rate 22nd on the app. The app, the Apple Ice app store. Okay, it’s gone from number one to 22nd. So no, China is not going to replace us. Look, more competition is always great. But no, that was a shakeout. That was just market just was fearful, right? Anyway, on that news, of course the semis got hit pretty hard.

But that marked the lows in the semis. That was the sell the rumor, buy the news event. Since then, all the semis have done is lead. They’ve led almost every day from January 27th when folks, when the semis are leading, this market’s going higher. This has been a repeating pattern from quantitative birth of quantitative easy in 2008, 2009 and again, the semi has been beaten up, been consolidating now for four or five months. We absolutely love this group. We told you a week or two ago that we thought they would begin to lead. That is what they’ve been doing.

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Get from the January 27 lows, SOSL 3 times Semi ETF now up 33% from those lows, which of course puts SMH up almost like 11 and a half, 12% from those lows. So it’s been a good run. We think it’s just the beginning. Nvidia announces earnings here pretty soon as well. So that, I think that’s next week. That should be interesting as well. Love, love Nvidia here. Love the semis here again.

Great seeing the semis lead. The Eternals were good today. I’ll cover that more in just a moment. Also, bitcoin, you know, the market always seems to do best when bitcoin and the market are moving together. And that is pretty much what you see now. We went through a period of about 3, 4 years where Bitcoin led the market in both directions. That became a dependable repeating pattern that we traded off of. Right.

So that’s not really been the case here, but here’s what has been the case. When bitcoin is going up, the market goes up. It may not lead, but it’s a liquidity factor I think and it’s a risk on feel. And today bitcoin of a big 2% back over 98,000. Again, we love bitcoin here. The amount of buying that is coming in now. You saw the Abu Dhabi Cyber wealth fund with the four hundred and something million dollar position they initiated in bitcoin, the first sovereign wealth fund to do this. And the big money is just now starting to roll in.

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We love bitcoin here. And again, I think directionally speaking, that’s very good for the market. Directionally speaking, the semis being up today, even just a fractionally did close green. That’s, that’s very good news. Again, the semis lead in both directions. There’s so much happening today, I got to tell you the truth. We had a call today with Snowline Gold, one of our VRA10 baggers and we’re going to report on this tomorrow. We, we have a, we have a major winner here.

It’s a 10 bagger for a reason, folks. Let me just tell you that and we’ll share it tomorrow morning with you in our bureau letter. Ryan Dietrich came out with some interesting data just on the, the, the, the nature of the bull market. And this Is again, it backs up what we’ve been saying. This bull market’s only. Over the last 50 years, we’ve had five major bull markets. Each has lasted an average of eight years with an average gain of 288% over that eight years. Our current bull market is just barely two years old.

It’s into its third year now and is only up 71%. Right. So based even based on history and historical analytics, this bull market is young. But, but that doesn’t even factor in what we’re seeing again with the innovation revolution and where this market’s going to go, which is again, melt Upville, folks. Melt Upville. One more point, then we’ll move on here. I wrote this up this morning. You know, Trump last night ordered.

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Been talked about. We’ve been talking about it. Trump ordered an audit order. He wants a doge, of course, the Department of Government Efficiency run by Elon Musk. He wants them to audit the gold in Fort Knox. This is something that many of us have been calling for for a long time. And because there’s so many questions about whether or not the goal is there, it may well be there. We’ll find out.

But why is it they’ve not had an audit? And the one audit they claim to have done in 1974 was very, very sketchy. Ask an AI program to explain that audit because it was just very superficial, if you will. But, you know, let’s find out. Do we actually have 5,000 tons of gold at Fort Knox as we’re supposed to have there? Whistleblowers over the years that said no. And again, a lot of speculation because they do use derivatives, they do lend the gold out, but they don’t explain this. Why would you explain how what you’re doing with our gold, it’s not yours. It’s our goal. I just want to tell a quick story.

Years ago, you know, I used to, along with partner co founder Carl Besse, we started a company called Wealth Masters. VRA was part of that. And we, we did events all over the world early on because people were curious about it. People. We recommended gold at 2003 at 375 an ounce. And every event we did, you know, we had a lot of gold bugs there. Okay. Because it was done so well.

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And so on stage, I started talking about Fort Knox and my questions and concerns about is the gold actually there, by the way? It’s also probably not in these. A, a gold miner gold ETFs like a G, like GLD. So I talk about this pretty Much Every. Every event. Right. People like hearing it. It’s very informative. It’s very interesting, of course.

And my interest was twofold. Why haven’t we done an audit? And why. What are the whistleblowers saying? And why can’t we then use the gold to back the dollar again? So that was really the platform that I’d used to talk about this segment of Fort Knox. After one of the events. This is like probably two. I think it was. I wasn’t sure if it was 2008. I think it was 2009, at an event in Las Vegas, I was approached by an attendee who I’d never bet before, didn’t know him.

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And he walked up and said, hey, do you got a second? I want to. I work at Fort Knox. I work there now. And yeah, the gold is absolutely there. I was like, oh, this is fascinating. I’m so glad you’re here. So I started asking questions like, have you seen the gold? Have you seen all of it? How do you know it’s all there? Then I ask him, has it been tested to ensure it’s actual gold or gold plated or tungsten? Have you been in and seen them do purity tests or some kind of other test to confirm that it’s gold? Didn’t have an answer there either. And I said, what about the whistleblowers? It was when I mentioned the whistleblowers.

These are people that have worked there before, they say there’s something funky about the story. His entire mood changed. He looked at me like with a seriously go to hell look, and said, you shouldn’t be talking about things that you don’t know nothing about. And that felt like a threat to me the way he said it. And so after that, by the way, we checked after the event, I had my event plan, my event planner on the staff look it up. The guy’s name wasn’t there, he wasn’t registered. And we charged a fair amount for these events. There’s no way he gets a registration tag unless he actually paid.

But he wasn’t even registered. Somehow he got a tag. So maybe he stole from somebody else, I don’t know. But from that moment on, I’ve been even more suspicious about this. And of course, it didn’t. It didn’t help that, you know, I had my. All my J.P. morgan accounts closed.

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Chase Chase accounts closed. We banked for 15 years. They closed 12 accounts, both corporate and personal accounts. It was, I think 2010, so that would have been like a year after this. This incident with this instance, with this supposedly Fort Knox employ. But again, just whether it’s there or not, look, we hope it all is. It probably is. But again, to President Trump at Elon Musk, thank you for man, thank you for doing things that we’ve always wanted to see done.

You know, a common sense government based on what’s best for Americans answering the questions we’ve had for so long. What’s wrong with investigating? If you have a problem with something being investigated, you might have other problems to worry about. And I think that’s what we all know is really going on here. All right, so let’s take a look under the hood today because it is time for full accounting. Time for full accounting of 4th Knox. Time for full accounting of these gold ETFs. A lot of we have a lot of doubt about this, folks. We have a lot of doubt and I think we have good reason to be suspicious.

Okay. Under the hood today again the eternals today. Absolutely no problem. Let me do a quick refresh again with the Dow down today again as I said earlier, Dow down 450, Nasdaq that’s 1%. Nasdaq down a half percent. The small caps down 910 and SB 500 down 4/10 by the way, 10 years back to 4.5%. So I think rates are really coming lower. We continue to believe that.

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But here are the internals. NYSE only negative Advance Decline by 400 issues, no big deal. Nasdaq today a little worse than advanced Decline still not 2 to 1 negative though volume today for NASDAQ was 54% negative, no big deal. Volume today for NYSE only negative by $200 million worth of trading. That’s absolutely nothing. So these were not bad internals. We did have slightly more new 52 week lows than highs. But again if you can have this kind of a down day, these the internals you absolutely want to see and you want to see action that we saw today again, Bitcoin, the semis, what else really did really well today? Well the gold and the gold miners did well today as well.

Chinese tech stocks also up 2%. What we have position there and GameStop today up 4% on the day that they finally announced. Of course they’re going to do a it used to be called MicroStrategy. They now call themselves Strategy. But finally going to looking to implement a similar bitcoin like strategy that strategy uses if that makes any sense whatsoever. MicroStrategy can change the name to Strategy. So good internals today again considering the action in our sector watch today 4 sectors lower 5 excuse me 5 learn to learn to add Kip. 7 lower 4 higher financials again led to a lower down 1 1/2 percent.

Of course they’ve been on a real tear anyway and consumer discretionary down 1% to the upside. Energy up 1% and real estate also up 710 no damage done here really anywhere in our commodity watch again gold has been gold, gold. Gold has been you know all of us and good reason for it. So many reasons to own it. And you know I think that Trump has something special in mind with with the gold market revaluing it and maybe the audits again. I think that you could get a real run on physical gold. In other words a squeeze if you will. And gold has certainly been acting like something special is going on here.

[00:19:47]:
Even with Besson’s comments today. Gold still finished up 20 bucks an ounce on the day. 29.55 last night hit an all time high overnight close to 29.80 of course very close to $3,000 an ounce. Love gold and by the way gold is extremely revital steroids. It really is. So I it’s it’s kind of a dangerous time to buy here just based on the technicals. This is when bad things tend to happen when it’s this when any investment is this overbought but sor not a sell signal folks. But again use, use some caution buying here.

Kind of the same thing for the miners. They’re not as overbought as gold is but again they are stretched and heavily overbought. But I again I think this is we believe this is that bull market. This is the bull market of bull markets for this group and the minor the junior miners have yet to even start running yet all the signs are there that this group is going to catch fire and have a big big not just one year, a big two, three, four likely five year run to some massive levels here for the miners. Silver today also up today up 1.2% at 33.44. Copper today up 1% on the day at 461 a pound. Copper has been trading very well. Chinese economy can look better.

Global economy is as well as the US leads. Copper story is a fairly easy one to tell and it goes in everything as does silver. Crude oil today also put the up a half percent 72.51 a barrel and found on the day Bitcoin. As I said a minute ago, you know these dips just by the way on the charts on the VR investing system Bitcoin looks fantastic. This is a strong buy at this point. And of course, the fundamental story could not be any better. Bitcoin today up 2.5. Excuse me.

[00:21:28]:
Up right at 2%. 98,214. And again, we’ve been long Bitcoin since 28,800 on this particular trade and continue to recommend it very aggressively. All right, folks, that’s it for. Oh, by the way, I’m going to be on the Wayne Allen Root show on Real America’s Voice tonight at the 10pm Eastern. The Root reaction. Hope you can join us. Thanks again for listening, folks.

We’ll see you back here again tomorrow after the close.