In today’s episode, Kip brings his trademark candor and market savvy to a wide ranging, fast paced conversation about the latest market moves and economic headlines. Kip kicks things off reflecting on former President Trump’s recent press conference, addressing the diverse views in the VRA community, and breaks down why he believes Trump’s economic policies continue to shape the current investing landscape. Kip covers the much anticipated breakout in silver, sharing insights from years of following precious metals and what this historic move could mean going forward. He dives into the real story behind the dollar’s decline, why gold and silver remain core holdings, and dispels myths about their correlation with the greenback. 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 good day today. I gotta tell you, gonna be a little bit all over the place today. We got some interesting things to cover, though. Get it done as quickly as possible. Gotta be somewhere in about 25 minutes, so let’s get right to it.

I gotta start with this. I’m just watching a little bit of Trump’s press conference and listen, look, we have, we gotta, we have a tight community here. And just in all candor, we have a lot of folks here that are big Trump fans and we have a number of folks here that aren’t big Trump fans. We have some people here that don’t like him at all. I’m a lifelong independent. I’m never offended by your thoughts and by your comments. Keep them coming. This is, this is, this is how we converse, right in the.

[00:00:42]:
In memory of Charlie Kirk. This is how it’s done. We have conversations. So don’t ever hesitate to tell us what you think we want to know. Okay? So thank you for doing that, thank you for your feedback and thank you for being a loyal listener. Really appreciate it. But when I talk about Trump, what do I think? If you know me, you know, I’ve been all over the map, okay? I’m not going to go through the history of my thing with Trump. I mean, big supporter in 2016, then the pandemic happened.

It couldn’t have been a bigger non supporter of Trump the way you handled that. And then the jabs, etc. Etc. Etc. They’re still in the market. What is going on? Going on here? Right? But, you know, I do think this guy’s heart is in the right place. And I think he gets most of the big calls, right? And I think when it comes to the economy, I think he’s exactly right. And that’s really where we’re coming from, right? The economy and the markets.

Okay? This is, this is what really why I’m a big supporter of the President. And I think he’s been right essentially about everything economically. His rollout of the tariffs was abysmal. It was horrible, and it caused a meltdown in the market that we were all over that then we told you, what are you doing? You’re listening to the wrong people. You’ve got to stop this. And he did. He paused the terrorists or we would have had a true crash. We would have had a.

[00:01:56]:
The very next day, overnight, if he hadn’t paused the tariffs. After the market closed that night, the futures would have plummeted and the next morning we would have had a true crash. That’s how close we were. But he, but, but he caught it, right? And then of course he told all his buddies and now I’ll make a bunch of money before the rest was new the next morning anyway. But again, we do our best to be really candid and straightforward here and honest about things. And again, lifelong independent here. I’m not beholden to anybody, right? But our job here is to help you make money. And so like we’re doing that right now.

Now today wasn’t a great day. We’ve had back to back days of down action in the markets. I’ll talk about that in a minute. But I also have to say today, silver, silver hitting, breaking out today. And I had to go back and do a little research on this because I’d forgotten that I Knew Silver hit $49 in 2011. How do I remember that? Because we were aggressively long and I thought the move was going to continue. And then if you remember what happened in 2011, yeah, that was the top. That was painful.

It was a painful three, four years. But hey, we made this long time ago. Now we made it through it and we continued dollar cost average, continue to buy gold and silver. So it’s worked out really, really well. And, and that’s the thing if you’re a long term believer in any asset. And again, if you know us, you know we’re long term investors. Not that we don’t trade things because we do. We love trading leveraged ETFs, we love trading growth stocks, we get big profits, we do all that, right? But we’re long term investors when it makes sense.

[00:03:22]:
And this is in one of those cases in gold and silver where it does make sense. Now again, we’re only 20% gold, silver, 80% gold. We bounced back 70, 30, 80, 20. By and large though, I’ve told people 80, 80, 20, which I think has been a pretty good combination because again, we own gold because it is, it’s the only true currency. Silver is also of course an industrial metal. So you know, you get, you, you don’t get a pure play there from the point of view of it’s a, the only currency that’s gold and there’s no other currency but gold. No, it’s not Bitcoin. Bitcoin is a lot of things, but what it ain’t is a currency.

Let’s just keep that in mind. And please, please don’t at Me with bitcoins, apple form gold of the last whatever year. I know that. I know that because I owned it. And so I know that’s why we own both. We love both of these. Okay. And by the way, bitcoin’s getting smoked right now.

It’s down back down to 109. I’ll talk about that more in a moment. But it sounds bad. We don’t like it being down back below 110. But just look at a recent chart. It’s just been in a trading range now for a long time really from 107 to, to the breakout high. It’s really, it’s really just been in a broad trading range and there’s nothing wrong with that. You know the 1245 by the way was the all time high that was from, was that late late July, early August, early August.

[00:04:42]:
But again, Silver today breaking out and I have two thoughts here. First of all, fantastic. Again the all time high was actually 49.45 in 1980 when the Hunt brothers tried to corner the silver market and got busted for it. Then the second all time high price or secondary high price was 49. And on April 25th of 20. Well, where are we now? We are now at last trade here. Give you current quote, last trade in silver is 45.47 up 2.9 of the day. So now we’re looking at rare air, right? Rare air.

And I do think this moving silver is going to continue. I don’t think we have to worry about a double top or any kind of a triple top formation happening here. I do believe this is the breakout that matters. This is very similar to the breakout that gold has had over these last couple of years. It’s now Silver’s turn and that’s a good thing for both of these. The concern, and I’ve seen this mentioned by a lot of people is historically when silver gets red hot and goes parabolic, that means we’re nearing a top. I’ve seen a lot of people saying this. I get your point.

If you look at the chart of the dollar, the dollar recently hit extreme oversold on steroids. It’s now been bouncing off those lows. I just don’t think the dollar’s downside action is done. Matter of fact, I think it’s far from it because that’s exactly what Trump wants. If you remember, we were here with you at the very beginning when Trump was reelected. We told you some of our major trend plays at that time. And one of those was that the dollar was going to go have a significant downside action. Well it’s now down 10% in the year.

[00:06:16]:
That’s the biggest decline for the dollar since 1979. And I know it’s oversold. We’re now seeing a counter trend rally but the primary trend will remain lower. And honestly not that it really matters for gold and silver. They’re not, they’re not that closely correlated to the dollar. A lot of people think they are. They are not. Sometimes they move with the dollar, sometimes move a counter to the dollar.

The correlation is like in the 53, 54 range. So it is slightly correlated but that’s really all you can say. It’s slightly correlated to the dollar. But yeah, the dollar’s bounce may continue a bit higher. Again extreme oversold. Same thing with interest rates. Interest rates hit extreme oversold. Now we’re seeing a bounce higher.

That is a counter trend move. The primary trend remains lower. This is stair step pattern in reverse going lower. And that’s what’s going to continue to happen for rates and it’s what’s going to continue to happen for the dollar in the long, in the medium to long term, short term, honestly no one can tell you. I, I certainly can’t tell you real short term action outside of we had extreme oversold. It was time for a bounce. We’ve had a bounce and now we’ll see what happens. And, but again, bravo for silver.

[00:07:24]:
Standing ovation for silver. Good to see you get in the game like this and really start to participate. I think a move to 100 here is likely over the next, we’ll call it year. And that doesn’t mean gold stops moving. Right? This is a, this is a, this is a precious metals bull market of bull markets and these moves are only just beginning. Remember we just raised our, our, our, our cycle high target if you will, on Gold of 15,000. Longer term it’ll go higher than that. But I think we’ve got real price discovery taking place now and that’s, that means there’s honesty occurring in the precious metals markets and maybe it’s recurring everywhere as it should.

That means the manipulators, the major money center banks, JP Morgan looking at you, Goldman Sachs looking at you, every major money center, a lot of European banks as well looking at you because for years, for decades you’ve been able to manipulate these prices lower, make hundreds of billions of dollars in profits, maybe in the trillions. Even if we had all the records, J.P. morgan and Jamie Dimon have both been found criminally guilty for manipulating These markets and they pay civil penalties and then nothing else happens. Well, I’m hoping with honest price discovery, much like maybe we’re finally seeing in D.C. with the likes of James Comey and John Brennan, maybe finally we’re going to get some prosecutions and some honesty can come out of this. We all can hope, right? We’ll believe it when we see it. I know what else today, this is big, right? This is big gdp. This is really going to sound like we’re patting ourselves on the back here.

It’s because we are. We told you long time ago that under Trump presidency, forget about tariffs are going to, Tariffs are going to cause inflation. It’s going to hurt it. We’re going to say we’re all going to die. Tariffs are, oh my God, the inflation is going to be so horrible. Trump, what are you doing? We told you that was not going to happen. We told you that these, these tariffs would not be inflationary beyond a tick here and there and that would, that would be passed through. And we told you how the whole negotiation process would take place so the consumers really wouldn’t wind up paying for it anyway, nor would U.S.

[00:09:31]:
companies. And so that’s what’s happening. Even though the media is so dishonest. They won’t tell you this, okay? It’s just, they are, they, they, it is television. This is a propaganda and they’re all in on it. Even Fox is in on it from time to time with a lot of things. And I won’t even get into that right now. I do have some current thoughts about that.

Maybe I’ll say for another time, but man, seeing some strange things in the media, this supporting. I’m not, you know what, I’m not going to open that. I’m not going to go down that rabbit hole because then it’s going to turn into an hour long podcast. I ain’t got time for it neither. You and you probably don’t hear it anyway. GDP growth, we told you the GDP growth was going to go to 5%. While we’ve seen so far are revisions higher. Revisions higher.

Time and time again. Remember at the beginning of the year they were saying GDP growth was like in the 1% range. Well, all of a sudden then here came second quarter GDP. What was it? It came in at 3.3% and they’re like, well yeah, but, but, but you know, these tariffs, right, they’re really going to crack. They’re really going to hit the economy hard. You just wait, you know, you just wait till the second quarter revisions Come in and then third quarter and now, now we’re getting that, aren’t we? So today we find out second quarter final revision. Because how they do it, they have two, two different revisions for some reason. Second quarter GDP growth, final read came in at 3.8.

[00:10:49]:
I believe it’s final read. Who knows how they do it? I’m pretty sure it’s final read. We are almost in the fourth quarter now, so it should be 3.8% is a final read for second quarter GDP. I don’t watch CNBC, as many of you know. And if you listen here, you know I boycotted them since the pandemic. They were the prop, they were the hardcore propaganda network. Okay, Jim Cramer, I mean Jim Cramer going on. I’ll never.

I was watching when he said this and of course he’s deleted it. Now you can’t find the video because you know it’s propaganda and it’s all state based. Right? But Kramer says, look, they should use the US military to forcibly jab every American citizen. That’s what Jim Cramer backed. And so again, by then I’d already boycotted it. But I just, no, I boycotted it probably right after that anyway, I haven’t watched it. Point is, haven’t watched it in five years and so, but I did see today Rick Santelli who’s the really, I think probably the best guy on the network. Rick Tantelli said today, I’m shocked by this.

And he’s, he’s a, you know, he’s a, he’s a freeze of free trade. He’s a, he’s a Trump support, I would imagine because he’s conservative guy. I don’t know how, you know, honestly let him be on the network anymore, but he’s like, I’m shocked by this. I just, I didn’t see it coming. And of course none of them did. But who did? Yeah, this guy and Tyler, we saw it coming. 3.8% is just the beginning, folks. 5% is only going to be the beginning.

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We are headed. Why do you think the markets are going up now? They haven’t last three days. But you know, that’s, that’s the normal push and pull the markets. But this whole time the markets aren’t melting up because it’s a bubble. This is the beginning of an economic avalanche, if you want to. Probably the wrong, you know, way to say it, but an economic boom time, that’s what we are. We’re going to see nothing but economic growth. We’re going to see nothing.

This again, the three Reasons we’ve been so bullish and remain so bullish. You know, when I first started doing public speaking, I talked to a guy who had done it for forever, Jeff Combs as a give me a couple of pointers because you’re very good at it on stage. And he’s, first of all, he goes, never assume your audience knows something. And if you really find something that you believe in, you want to, you want to restate that all the time. You know, you know, you’re going to have new members, new listeners, you know, new viewers and everybody needs to know where you are. And so we repeat this fairly often for that reason and because it’s the truth and because frankly, no one else is saying it. And that’s what drives me crazy as you know. Three reasons this is market has been going higher and will continue to go higher along with the economy.

But 5%, 7%, 10% GDP growth is the Trump economic miracle, number one. Number two is the innovation revolution. Again, everybody calls it the AI boom or whatever, AI revolution. It is so much broader and deeper and, and, and, and larger in scope than that. It’s going to last so much longer than the dot com. But there really is nothing to compare the, the age of technological revelation revolution that we’re in right now. I don’t think we have a perspective on this. And there are, there are, there are new inventions and new discoveries that are going.

[00:13:53]:
I just feel it. Don’t you, don’t you feel it in your bones? I’ve said this, I’ve told this for a long time. You know, when I first sent my first email, got my first email, I was like, wait, what’s that little thing? There are documents in this. I mean, what is going, how do they make that go through the air? You know, and then we had online shopping and of course, you know, everything else now WI fi and cellular phone use and doing everything on your phone as your computer. It’s just, you know, you would never believe this would be possible 20, 30 years ago. And here we are. So that’s what’s coming. I think we’ve got change like that coming that we don’t even know what it is yet.

And it’s going to be that transformative. Okay. And I just, I feel that in my bones and I think the markets are telling us this, that certainly that the economic growth is coming and the stock market corporate earnings are going to continue to soar. Again, a fourth quarter earnings coming up here we’ll get third quarter earnings and then about the end of fourth quarter. I think third quarter earnings are going to be another barn burner. I’ll be, I’ll be shocked frankly, if the second quarter we were like, there is going to be a transition period with these tariffs. Second quarter earnings could be a little lower than normally, but I’ll be shocked if they’re below 10%. And of course, you know, they finish well above that.

Right. 13, 14%. I think we could be. It should be at least in that range for fourth quarter of third quarter earnings coming out. We’ll start getting this here now in a couple of weeks. Right. And that’s one of the reasons by the market’s been going down is, is the buyback blackout periods in place, which means companies not in every case, but in many cases companies can no longer buy back their own shares until they report earnings. And that’s because they don’t want companies manipulating the stock price in advance of earnings or anything like that, you know, enabling the insiders to make even more money.

[00:15:32]:
And so. But we’ll get that buyback blackout period will be up once companies start reporting. And so that’s the largest, that they’re the largest buyers on the planet. You know, it’s companies buying back their own stock. There’s a hint right there, is it not? And this would be, by the way, the second year in a row we’ve had record levels of buybacks. We skipped a couple years. Otherwise it would be like seven, eight years in a row. But the pandemic and the year that followed kind of screwed that up a little bit.

Yeah. But GDP growth is fantastic. Congratulations to President Trump and Scott Bessant and that whole economic team. Just do an incredible job of showing people what’s possible when you let business owners do their thing. We’ve said that now for a long time. This is the wild west of free market capitalism. I understand there could be some negative connotations tied to that. You should not think of it that way because we’re not bad people.

We’re not. We have a pretty good feel of where the gray areas are. Right. And we just don’t want to cross that line. But up until that, let’s go. Let’s rock and roll. We. We’ve been held back by our own government for far too long.

[00:16:37]:
You know, along that line. And I’m going to share this tomorrow morning’s letter. I just wrote this up today. I’m writing it up now. It’s a topic we’ve talked about before and I think it’s going to become very relevant here in the near future, because of this economic growth and GDP growth, you’re going to see a lot of people, mainstream economists, mainstream strategies, you know, the ones that are always wrong. Okay, but they’re in the insiders club. It’s the group think, they don’t they have a choice. They think they got to do it to keep their jobs, keep the pay raise coming in, keep the next promotion coming in.

I mean it sucks to think like that, but I understand. I used to be in the corporate world, I do get it. But they have to, we don’t. So we can be honest with you here, here’s what’s about to happen. And remember this, remember that you heard here first. With this economic growth and GDP growth which is going to continue from here, 3.8% ain’t nothing compared to where we’re going. You’re about to start hearing conversations about the Fed can’t cut because the economy is too strong. And I just want to tell you in very simple terms that is complete horseshit bullshit.

It’s complete made up nonsense. Economic growth does not cause inflation. They’ve used this lie to keep us down. They’ve used this lie to keep interest rates elevated to keep us down. Because this is what these high rates are doing. And the ten year is down some, but it’s still 4.17%. The ten year now should be 3.17%. Probably lower than that.

[00:18:04]:
Honestly. It’s going there. Right? That’s where it’s headed. All right, again, this is a high confidence call from us and it’s been a high confidence call from us and. But they, they want to keep this, why do they want to do it? Because it keeps the second America under their thumb. If, if, if the second first America could get, couldn’t care less about great cuts. Don’t, doesn’t matter. We don’t have debt by and large, because it doesn’t matter.

And remember, I just include myself in the first America because I worked, I worked 30 plus years to get there, but I didn’t come from that. I came from, not even. I think I came from the third America. We had nothing growing up, but we didn’t know it at the time. You know, and you get a little older like, well, they got nicer clothes than I do. Look at their house. I live in a mobile home. We grew up in a mobile home.

So you know, I just, I understand the damage that high interest rates do. I remember they did to my father. My parents couldn’t buy new cars. My parents couldn’t do Any interest rates, you know, during the 70s, of course, during the inflation saga, then the original one, you know, just destroyed the economy in the second America. Third America, in our case. And so, yeah, these high rates are destroying the second America. And they, like, why do they want to do that? Because that’s how they keep you down. In addition to currency inflation putting our money into oblivion again.

[00:19:24]:
Currency inflation means everything costs more. It’s destroyer of the second and third America. And so are high rates. And they do that because they want. They, they want to have to force both couples and every family to have to work and for even single people to struggle with just one income and have to work two jobs. Because if, if that’s the case, then that’s what, 70% of the country falls in that category. Second and third America, right? Then that part of the country, the vast majority, they can’t pay attention to what you’re doing. They don’t have time to do it.

So you can rip off the country, get inside trade, you can make yourself obscenely wealthy. You can stay in Congress for 30, 40 years. You can’t get anything passed because they run the show up there and they keep us under their thumb because we don’t have time to even give any energy to it, much less fight it. So there’s a complete method to their madness. And I think this is the, this is what Trump is really trying to break down. And of course, he’s struggling to do it with the Fed. I can’t tell you how many people I say that should be on Trump’s side that aren’t, because they just don’t understand here. They think Fed.

Trump’s trying to destroy the Fed’s independence. It’s complete nonsense. He just wants honesty and he wants the system to work for everybody. I’m telling you, this is the reality here, regardless of what you may think about the President. But on this, he’s exactly right. So I’ll put that out tomorrow. Economic growth does not, has never, will never cause inflation. It’s complete nonsense story to keep us under their thumb, okay? And we’re about to have a lot of growth without any inflation.

[00:20:59]:
And the proof will be in the pudding because it won’t be too long for Trump’s going to have control of this Federal Reserve. Meaning. Meaning. Meaning people that are at least more common sense than the ones we have now and that aren’t bought by the state. And that’s the setup. Setup that we have right now. That’s what it play. And I think everyone really realizes that at least they’re starting to.

I’m going to write this up tomorrow as well because energy stocks. Are we even talking about this a little more? You know we like energy stocks at a time when so many people hated it. You know we’ve got obviously our position. Well, we have a leverage etf, can’t give it away. Not right here’s a member. We have a leveraged ETF position in

In energy stocks. And we’re doing pretty well. They’re up like 22% just getting started. I think this can be a really good trade. You know we have, we have Falcon Oil and Gas I mentioned that’s hold rated now but we still have a large position in that. And of course we have lost soldier oil and gas. So we’ve got a good position in energy stocks. I think they really start to be paying off because of what we’ve been talking about here.

[00:21:56]:
I’m going to show you a chart tomorrow in our letter, a relative street chart of energy stocks to oil. And again I’ve talked about this a little bit but it’s just, it, it just jumps off the page when you see it. It’s just like the miners to gold. It just jumps off the page at you because energy stocks are going parabolic to gold just like the miners have got this year have gone parabolic. Energy stocks have gone parabolic to oil just like the miners have gone parabolic to gold. And there is no bigger tell, there’s no bigger buy signal than that for these groups. And that’s what’s happening. So oil today was up big again.

Energy stocks are big again. I don’t know, I don’t know if it’ll be a straight up move. I kind of don’t think it will. Trump wants to really, you know, get inflation completely conquered. I think he kind of has that already. But we’re starting to see the smart money really starting to come back into energy stocks which is why they’re going up the AI boom, the data center boom. This is, this is, this is happening faster than most people believe that it could because forget about five years taking to put these transmission lines and data centers in. They, they’ve got, they’ve been given fast track authority.

We’re talking about getting these things done in two, two and a half years. Elon Musk does a project that normally takes two years. He does in six months. And I think people are learning from him that when you have the ability to do so and you don’t have the hindrances in front of you. And remember Elon used to have the government on his side. Then you can move a whole lot faster. And that’s what’s happening in this country now as animal spirits are returning and have returned. Talk to anybody.

[00:23:26]:
You just talk to the average person out there and they’re like, yeah, things are better. I feel it, I feel it coming. Just don’t watch the media because they’ll get you depressed and make you think otherwise again. The propaganda is just, it is nauseating, is it not? And it shouldn’t be allowed. It shouldn’t be. Just like the Jimmy Kimmel thing. He wasn’t suspended because of censorship. He was suspended because he was lying on the national airwaves.

You can’t do that. And that’s what these programs do every day. And I swear the Justice Department, I don’t know if Pam Bonnie’s the right girl or not. Doesn’t like she may be. They should just be raiding these, all of these major media companies and just getting under, getting done. The truth. This is propaganda. It’s from the state, it’s all coordinated and it’s lies and it’s not making us better, it’s hurting us as a country and it’s causing friction where there doesn’t need to be any.

So I know he’d be called, you know, fascist and Hitler and all that if he, if he had these companies raided. I’m looking at you, cnn, msnbc, New York Times, etc, but it’s still the right thing to do. So I’m hoping he’s got the balls to do it. He’s certainly got the big enough balls to do other things, does he not? Speaking of Tesla, you know, stock was down STOCKTON Yesterday’s up 4% today. Down 4.4%. Right. So why did Tesla give all this back today? I got to tell you again, complete lies in propaganda. I’m going to tell you something.

[00:24:42]:
I’ll write this up again tomorrow for you. Check this out. The word this morning was that Tesla just had another horrible quarter in Europe and in China and that BYD’s outselling like crazy. Nothing could be further from the truth. This is information that Reuters. Okay, why would anyone trust Reuters? Article based on Reuters. Chair completely cherry picked. Using.

Using crossing. Crossing information that doesn’t apply to each other. Yes, byd, the Chinese EV company sold a few more units throughout the European Union than Tesla, but only 11 more. It was 9130 to 808220 cars. Reuters, you read it it’s like Tesla’s dying. Okay, how about this? The full picture in Europe, completely throughout Europe, okay. Which includes the eu, Iceland, Norway, Switzerland and the uk Tesla also. This is not in Reuters.

Okay, again, not in Reuters. Tesla outsole BYD by 4, 000 cars. Excuse me, 3,000 cars that wasn’t mentioned BYD throughout Europe sold 23% less vehicles than Tesla did. Reuters is complete propaganda. And by the way, why does. Why is BYD having so much. How much? So success with. So much success with these EVs.

[00:26:04]:
Yes, the lower price, but they’re also, if I’m being honest with you, talk to people that own it. They’re a piece of. Nobody likes them. They’re not made well made cars. They last about three, four years. It’s again, you get what you pay for, right? If you’re going to buy an ev, folks, it’s got to be a Tesla. I just tell you, I will never drive another car that’s not a Tesla. Not that I might have another vehicle.

Okay, I’ve got a 66 Mustang and I’ve got a 2005 Hummer. Still don’t know why I kept. I just, I’m loyal, you know what I mean? The Hummer, the Tesla to Tyler and I rebuilt. It was our second one we did so that you go nowhere and it’s pretty cherry now we’ve got it. Pretty, pretty. It runs this. It’s. It runs well and it sounds like a tank’s coming at you.

The Hummer really is probably something I should do something with. But you know, sometimes you just need a big vehicle to move things with and so. But anyway, I will always have a Tesla, is my point. And this. Here’s the thing. BYDs, most of their sales are driven by fleet cells. Tesla doesn’t do that. Tesla did try.

[00:27:05]:
Tesla tried that a little bit with some fleet sales with like hearse and stuff and it didn’t work because you know, the average person can’t be taught to drive a Tesla if like a rental car. It’s just like it’s too confused. It is. It takes a little while to learn it, but once you do, it’s. You understand how simple it is. It’s the way they should be. Right? So any good? This Reuters article is complete nonsense. Tesla’s European sales are growing rapidly.

Remember they also transitioned to a new Model Y and it’s selling like hotcakes. So this downside action today in Tesla was completely unfounded. Is a buying opportunity. By the way, the Stock’s only up 100% from the March lows. Right. So it’s had a great move again. It gave back its gains from yesterday, but other than that, we had a pretty good day in the market today. You know, our mining stocks did well, I should say, in this market.

Right. Market was down today. Although let me start with that for a second because the market came back today. We were down at one point well over 200 points. The NASDAQ, I think I saw like 250. Dow Jones was down again. I should remember this. It was down like 300 plus points.

[00:28:09]:
And this could have been ugly because here came the news that Russia is saying their president. Lavlov. Lav Loop. Kip, come on, don’t be pathetic. Lav love, you know what I’m talking about. The President said that the. You. The said that.

The. The said that we basically gone to war because we’re running. It’s most of our money anyway, right? They’re saying basically that we’ve gone to war with Russia. The EU has gone to war with Russia. NATO’s gone to war. Thank you. NATO is going to war with Russia. And so that really hit the markets.

You know, again, it’s one of the reasons gold is up. It’s certainly being supportive to oil and gold. But again, you know, these are, by the way, just to repeat, gold now, silver, the miners, the semis, the broad market, until this sell off started, you know, a couple of days ago, were all extreme oversold or extreme oversold on steroids. This is when bad things tend to happen. But this has been a meltable market, has it not? Of course it has. And so we’ve been trading at, at extended overbought levels for some time. And at some point, you know that you need to take a break. It’s healthy, it’s natural, it’s normal.

[00:29:29]:
You need that. We are in the last, the final four days of the worst 10 days of the year that ends at the end of this month. This is also when the final four days of the worst two months of the year, that’s August and September. And now we’re about to enter the fourth quarter, which of course is the best quarter of the year. So I think this weakness. You saw the comeback today, I mean, NASDAQ only finished down 113. Again, as overbought as this group is, this was, this is when we could have had a really, really big shakeout, a healthy shakeout, and we would have been prepared. You know, we paused our buying a bit ago in, in, in these groups.

And so, you know, we’re looking to add positions certainly for Parabolic Options. By the way, we’re launching Parabolic Options program over the weekend. This will be number 23. Thank you all for your patience. Again. We’ve been so overbought. It’s been hard to take action on much anything. It really has.

I think we wound up with like 188 gains for the parabolic number 22. We’ll be, we’ll be announcing that to everyone tomorrow in the very letter. We’ll be opening it either tomorrow or first thing Saturday morning, something like that. And then we’ll start right away. Probably Tuesday will be first trades because we do have some good looking trades popping up here. Okay. And again, this shakeout really is going to give us a good setup for that. You know, the things we love the most, those are probably the things we buy, right? What else today? You know what, I got to get going.

[00:30:46]:
Probably so do you too. Let’s go and talk about the internals today and double wrap this up. Going to go through it quickly though. Not nothing, nothing horrible, but not a great day. It’s the worst day we’ve had in some time, frankly. Three to one negative for advanced decline for Nasdaq. Basically the same for nyse. Volume was low though.

So I don’t really see this as anything other than a overbought pause. Overbought shakeout volume today was really only, only slightly negative for NASDAQ. It was, was 1.8 to 1 negative for, for, for NYSE. And we, for the first time in a long time we had just a few more, not many. We had like 50 more stocks hit a 52 week low then hit a 52 week high. So really not. There’s not a whole lot there frankly. Sector Watch was not as good.

We had nine of 11 sectors finished lower. Led the downside by healthcare Karma. Fine, keep tanking. Down 1.7%. Consumer discretionary down 1.4 to the upside energy leaning again of 9, 10, 1%. And then now Commodity Watch again. Gold today got hit this morning. Then the, the rumor, the, the word of Lavrov.

[00:31:52]:
It’s got to be Lavrov, right? Russian president. That’s. You know what, I just need, I need to, I need to take a break here and figure this out because I think now I’m getting two people confused in Russia. I’m getting Medvedev and their other. They’re probably their ambassador or something confused anyway. Well, when that comment came out, gold rallied from being down 15 closed up plus 12 an ounce at 3780 an ounce. Silver today again 2.9% higher at 45, 47 an ounce. Copper today down a half percent at 478 a pound.

Crude oil getting up again today, up 3. 10 of 1%. That’s only 23 cents a barrel though, at 6522 and found the day. Bitcoin again back below 110. Last trade here, 109,300, down three and a half percent in the last 24 hours, but again, nothing more than a broad trading range. Let’s get some of the weak hands out of here, right? Let’s get some of these weak hands out in bitcoin. Let’s get some of the weekends out in the miners. Let’s get the weekends out in.

In the. In in Tech and. And the semis. And then we’ll all be set for a very, very good fourth quarter because that’s what we’re projecting right here. All right, folks, that’s it for today. Hey, always appreciate you. Listen, hope you had a great day and even better night. We’ll see you back here again tomorrow after the close.