In today’s episode, Kip returns from an epic Alaskan fishing adventure, recharged and ready to dig into the state of the markets after the long Labor Day weekend. Kip shares personal stories from the Highlands Lodge, recounting how his trip to the wilds of Pelican, Alaska, ended with more than just memories, plenty of salmon, halibut, and unique fish tales in tow. But it’s not all leisure. Kip is fired up about the markets, especially precious metals and mining stocks. He breaks down why gold’s breakout is just getting started, why mining stocks are misunderstood (and ripe with opportunity), and why he believes gold could see a “Bitcoin-like move” in the years ahead. Kip explains the macroeconomic forces at play, including the possible impact of Trump administration policies and the unprecedented flood of global liquidity, and makes the case for staying bullish even when the bears get loud.

Don’t look back because the market is closed. Good Tuesday afternoon everyone. Kip Herriage here with the Daily VRA Investing podcast. Hope you had a good day. Hope your long weekend was a great one as well. Labor Day of course yesterday and look a lot to talk about. We’ve been away for a vacation very quickly, I’ll tell you. For those that may not know yet, we went to this amazing fishing camp called the Highlander Lodge and Alaska and you are flying to Juneau, which means from here you go to Seattle, then to Juneau and then a four hour ferry in literally in the middle of nowhere in a place called pelican, Alaska.

Population 60. They all live on water. I mean pretty much everything is on. Sorry, just looking at a call here coming in. Everything pretty much is on water and it’s amazing they even were able to construct this place in the middle of nowhere. Was surrounded by water and mountains and like steep mountains. Like I don’t, I don’t even know how they did made this happen but bottom line is a fantastic trip. We, Tyler, Sam and I went and we’re on a boat 10, 11 hours a day for three days with a guide, put us in all the right places, came back with a couple hundred pounds of fish, salmon, king salmon, silver salmon or coho for those that know their salmon.

[00:01:26]:
And then we caught all kinds of things we couldn’t even keep. They’re just like what is that? You know what I mean? And these lean cod which look like a prehistoric, like a dinosaur fish which we were able to you know, limit out on those and bring, bring a bit home which apparently is fantastic eating as well, halibut. So we saw you know, killer whales, sperm whales, humpback whales. We didn’t see any bear. And that’s the only thing. It’s because we were so beat after the day. There was a place to go see bear around midnight and frankly we just were like, you know what, we got to be up in the morning at 4 o’. Clock.

You know, I think let’s just, we’ll see bear at the zoo.Anyway, good to be back. We’re also taking off again on late Friday to headed to a Snowline gold’s camp through a gold camp in the Yukon. And that too is a bit of an adventure getting there and but this is what they’re doing in Snowline is just unbelievable. I think most of you that if you’ve been with us for any time at all, you know how much we like this name. I just ran the numbers here. You Know we’ve done. We’re doing pretty well invested Gold and snowline gold from recommendations up over 330 in Vista Gold up over 100 in Snow Line. And these are just getting started.

These are just not well known. Mining stocks are just hated.
People don’t like them. They like people like tech I think and they want something that’s really going to give them a quick reward. But you have to understand where, where this bull market is for precious metals and mining stocks. Because this bull market’s so early and it’s been building for so long. The, the chart patterns that are now being broken out of are textbook. These are literally textbook long term chart patterns that point to measured moves which are scary big right for gold. You know our price target has been for this year 4,000. You know we’ll, we’ll get there by year end.

[00:03:28]:
3,600 down. But for the first time spot gold December spot just hit 3600 for the first time. Pretty much as I’m speaking now 3602 for the day is the high for, for sorry for. For go future goal right for this December quote December futures contract. Spot’s not far behind it. And our price targeted New Year’s 4000. We’ll get there. Goals breaking out in a major way.

It’s got real momentum. This is. There’s no reason gold can’t have a bitcoin like move. And I think there’s some things happening behind this, behind the scenes with gold that are going to blow people away. So instead of saying okay, My price targets $8,000 which has been my price target for gold for this basically for this bull market cycle. Move okay is likely going to be way low. So I’m reading things now that tell me that there’s no reason gold can’t have a bitcoin like move meaning the gold can’t go to at least 20,000. And folks, if that happens, you have to understand the amount of money that’s going to be made in these mining stocks is going to be obscene.

The forge absolute fortunes with a relatively small amount of money will be made in this group. And it’s just such a great story for a lot of reasons. Okay. In my opinion, look, I’m a, I’m a, I’m a gold bug. My dad was a gold bug. Tyler’s a gold bug. Sam’s a gold bug. We’re all going to see snow line gold.

[00:04:51]:
We, we all own gold. Half for a long time. All on mining stocks. Half for a long time. And I like this group, I like this group of investors and people like, it’s like the, it’s like the oil and gas industry. There good people are attached to this. So these are people that are salt of the earth. Not like almost not like at all.

Many that you’ll find in the tech world and crypto world. A lot of flakes folks, a lot of flaky people. And I, look, I, I, we’re big fans of, of, of, of tech and big fans of bitcoin. If you know us at all, you know that. But these are different audiences. Like investors in gold. We’re rooting. We own both gold and bitcoin, right? We’re rooting for bitcoin to succeed.

That’s not the way it’s been with bitcoin people. They, they, they, they talk a lot of smack about gold investors. And frankly, I’ve been telling people that, that do this for a few years now. Karma can be a bitch. And you shouldn’t be talking smack about other investors and other companies. You should be rooting for them because they, they’re rooting for you. We’re rooting for you. So I’ve never understood that.

[00:05:59]:
But again, back the point. Primary point being, and we’re going to be writing this up more and more because what Trump and Bessant. Church Secretary Scott Bessant, what their. I believe now there’s enough. And I’m, I’m just starting to write this up. It’ll be in tomorrow’s letter, kind of the first time I’ve talked about what their plans are to inflate away our debt. Now this is not a new topic, but it’s not a topic that most people really know much about. And the evidence is there.

This is something Bessant has wanted to do. Prime Minister Abi of Japan, who was assassinated, of course, Trump is huge friends with this guy. Okay, this is what Abby did in Japan or tried to do, inflate away their debt. And it was working. Getting out of decades of deflationary damage and then of course, you know, his life was taken. But if you can create enough economic growth and yes, enough inflation to print away your debt without, without going into an inflationary spiral or all backfiring and going to a deflationary spiral, neither one of those are good. Bottom line is you got to have more growth than you have inflation. And that’s what Trump believes he can do with the right formula.

You can, you can, you can, you can basically do away with your fixed rate debt, right? With your fixed, which is Treasuries, you can, you can pay that off with the gains. And so this is all very bullish for gold because it’s inflationary, right. And it basically locks in inflation. And there’s a lot more behind the scenes happening here. We’ve been talking about some of this, you know, revaluing gold, that in and of itself, I mean, it revalues gold, okay, on the books for the, for the government, that’s fine and good, but it’s what else is happening globally with the gold market. You already know the story. Record purchases of central banks and governments. And it’s just like three, four years in a row.

[00:08:00]:
Like the smartest, the smartest, smart money people are buying gold hand over fist. And it’s not just because it’s a store of value. I can promise you that’s not it. No, they’re, they’re doing this as a major hedge and a major strategic move, which means they believe goals going a lot higher. So the next time you hear somebody talk about gold going to 15, 20,000, don’t do what I used to do, which is laugh at them, okay? And again, I’m a long term gold bug. Nothing would make me, trust me when I tell you, nothing would make me happier than gold going to 15, 20,000. I used to scoff at that because I thought it just sounded too scammy. You know, it sounds like somebody says trying to push something in the gold business and I don’t believe it.

But now we’re starting to say signs. And when Trump has always been a huge gold bug, always been one, right? Look at anything. Look at the Oval Office right now. It’s, it’s all. The White House is surprised they haven’t been painting gold already because it’s inside it has been. So again, some of these are just, you know, signs that may not point to anything or they may all point to something big. And you know, I’m, I’m rereading the, uh, jumps, the art of the deal. Started rereading it on a trip.

And what you know about this guy is he is a long term thinker, a planner, a deal maker and he loves to. That’s his canvas, as he says, right? That’s his canvas. And he loves putting these deals together that are so complex that most people simply can’t figure them out. But, but he can. So again, it’s for the good thing for us. And thank you for. Listen to me about my favorite topic that being gold. But we’re trend followers here, right? And so this is the thing I would tell people if, like, if, if I could talk to Kip Herriage when he was 23 getting started in this business, I would tell him that you don’t have to guess anything.

[00:10:00]:
You don’t have to be smarter than anybody. You don’t have to figure things out before they happen. You only have to follow the trends, pay attention to the sectors. Pay attention to first of all, what the market’s doing. If you don’t get the direction of the market right first, then almost nothing else you do is going to matter. So get the market direction first. Of course, we know that the market typically goes up like 70% of the time. The market’s going to go, I think it’s 72% of the time.

So normally bulls make more money. Bears make it in a compressed time frame. But if you’re the smart money is always a bulls. The smart money is always the bulls, right? The people that get slaughtered, they’re the bears. Perma bears. Okay, if you got to be anything, be a perma bull, right? But you don’t need to be the one. Be a trend follower. So be a trend follower, see what direction the market’s going.

Then see, drill down a little bit and see what sectors are doing well. And then make sure you know the growth stocks in those particular sectors you choose to want to invest in. I wish someone had really, and thank God I had two great mentors that did that, but not in that real specific way because that’s where I’ve gone, that’s where my career is taking me. And, and we love it because again, I’m a simple Texas guy, but I can spot repeating patterns. And that’s what we’re talking about here, repeating patterns. And how this all jives together now with what’s happening with gold and the miners. Long term bull market in front of us, folks, not just for the broad market, which there is, but also in, in gold and really in the miners. These junior miners are going to be, they’re going to.

[00:11:32]:
The amount of money that’s going to be made in these junior miners, folks, take this to the bank. If I’m wrong, I will admit it, I’ll apologize for it. But I’m not going to be wrong on this. This is a slam dunk from heritage point of view. That’s how we’re positioned. You have to know. We don’t ever talk. We don’t talk.

Something we ain’t doing this is that we don’t just. We always talk our book. We always talk our book. If I’m on Twitter or I’m doing a podcast or I’m on a TV show, whatever. Doing it, doing an event. I’m always talking my book. You bet your ass I am.

Because I think that’s the way it’s supposed to be. Tell people what we’re doing with our money.
And that’s what we recommend. And so this beautiful bull market, we’ll transition now to the market here a little bit because, you know, all it takes is a little bit of negative. All it takes a little bit of downside action. And here come the bears, folks. Is exactly what you want if you’re bullish, right? It’s exactly what you want to see. Exactly. You want to see a 1% drawdown. You want to see a 1% drawdown result in bears going here.

[00:12:38]:
We told you, you all got like Nvidia’s did 170. We told you it’s going to crash.

And you know, it’s just, I love it. I, I love the number of bears and they’re confident by the way that they’re just the confidence. I just don’t get it. But you know, look, we’ve said the same for a long time and I’ll say it again. This bull market is a generational bull market powered by an economy. Without telling you straight up, the US GDP growth is headed to 5% plus. And one of the best way frankly this is really, this is, this is God’s honest truth. I learned this from Ted Parsons long ago.

First mentor find out what all the economy now they’re not all going to be saying the same thing at all the time. You know what I’m saying? Majority if you can find something where 70% more and because they it’s group thing, these economists and market strategists tend to be group thinking.

And because they that’s where they feel safest and they’re just really trying to protect their income. They’re not. If they can make you money, that’s good. They’re protecting, protecting their jobs. And that means they’ve got to do what the boss says. Okay. That’s why groupthink and Wall street and these money money managers and hedge funds, that’s why they rarely beat the markets.

[00:13:55]:
The good ones do, of course. But that’s not most people never work with those guys. One of the things we’re proud about the VRA is we’re very affordable. We’re very accessible. We returned, we reply to your emails. There may come a time when we’re not able to do that. But we always try to measure our growth to the point that we can’t always do that because we love this community we have here. But I’m telling you, these, these, these economists, and they’re everywhere now. They’re everywhere. You watch Bloomberg in the morning because that’s all I can watch anymore.

That and Fox Business, of course. But you watch these shows and it’s one economist, one market strategist after another saying, yeah, yeah, that’s right, that’s right. We don’t know exactly it’s coming. The tariffs are going to be inflationary. You know, that’s going to happen. We will, we know that. We, that’s happening. That, that’s, that’s happening.

Jay Powell is exactly right about that. And, and we know that that’s going to hurt the market and that’s probably going to impact the Federal Reserve’s ability to cut rates. It’s going to throw all kinds of problems into the machinery, and you’re just going to see this market have a bad shakeout. When the markets realize, like they’re trying, these people believe they can tell the market what to do. That’s lesson number one, folks. You can’t, no one, no one is, is smarter than the market, the markets. That’s why being a trend follower is the only approach that makes sense.

[00:15:10]:
But I’m telling you, those that think the economy’s slowing, they’re smoking crack. This is Donald J. Trump’s swan song. This economy and this bull market is going to rock and roll and it’s going to be up so much in 2028 that legitimately everybody’s gonna be going, dude, please run again. Hey, everybody, this change the Constitution. If they did it for fdr, let’s go ahead, let’s have Trump for a third term. That’s where this is headed. Just so there’s no doubt in anyone’s mind listening to me, right? And I don’t know, I kind of like making fun of these people that get this, these calls wrong all the time because it’s always the same people.

But I’m also trying to practice unconditional love and positivity, you know, the manifest your destiny approach. So it’s, it’s hard to be negative like that. But I still, they, they just offend my sensibilities, okay? Because they’re just wrong all the time. And why are you even on tv? When’s the last time you got a call, right? Why are you on tv? Why do you Have a job with a. An investment firm that has actually a pretty good reputation. Why’d they hire you? When’s the last time you got a call? Right. And that’s really what’s going on here. But again, if you can find the time to go against the majority of these guys, that’s a high probability call right there.And so that just helps my confidence level with our calls here.

So we think we’ve got an economic surge coming in America. It’s been rarely seen in American history, and that’s why the markets are doing what’s doing now. We are in September. All the bears are out there squawking about this is. This is a bad month. And they’re right. September is not a good month. Historically, however, when you have this kind.

[00:16:55]:
Ryan Dietrich did some good work on this. When you have the summer months, which have been as strong as they’ve been. August was strong. Wasn’t supposed to, was it? That means September is much, much less horrible. And then, of course, October’s crash month. But it’s September is when the damage has been done. And I saw the market today. I mean, if the bears are going to hit it.

Dow is down 500. Nasdaq down what, 350. Then what happened the afternoon chip, chip, chip away. Chip, chip, chip away. Just kept rallying back because there’s so much money on the sidelines. I don’t know what it’s going to take to wake people up about this, but let me repeat it one more time. And I’m really looking forward to being back on Charles Payne show when I get back from our trip to Yukon with Snowline Gold because they’ve been asking me to come on like twice a week. And that’s an honor.

I mean, I love it, but I think that they understand. Charles knows. Charles is a bull. He knows how bullish we are. I think we have a kind of a simpatico, you know, and with Charles and his positivity, he knows where this is going. And so I think that he understands it’s good to get people on that, get this shit right.

[00:18:04]:
And it gives him a chance to say, you know what? I feel exactly what you do, Kip. Which is typically what he tends to say when we’re both bullish like we are now. And. But look, it’s just not going to be a bad September. These dips can are going to continue to be buying opportunity. This bull market just started. April 7th, folks. Bull market just started.

This is the most explosive phase of the bull market. The Beginning of it. And then we have the great adage, don’t fight the tape, don’t fight the Fed. I know that some people laugh about that, think it’s just a cute saying. No, it’s not. It’s real. Don’t fight the tape, don’t fight the Fed. The Fed is about to start cutting rates.

Rates are going a lot lower. Not a little bit, a lot lower. And the reason we’ve been consistent on this now for three years is the innovation revolution. This kind of innovation that’s coming like add all of everyone’s lifetimes together and the next 30 years, it’s all going to be better than the next 30 years. We’ll have more innovation and technological change than we’ve seen in all of history. That’s what’s right in front of us. It’s happening right now. Elon Musk just Talked about this 80% he says of all the company’s valuation is going to be from Optimus.

[00:19:15]:
Now that’s saying a lot because a lot of us think we have a pretty good idea how much money they’re going to make from the autonomous vehicles, from robo taxi, etc.

Which by the way, I got to encourage you, you haven’t done this. You have to. You owe it to yourself. Go test drive a Tesla and put it on FSD full self driving. Just watch what happens. Put it in a, ask the people to show you how to put in an address and just go. Just hit the button and let it drive you and it’ll drive you back to the showroom. Okay? Just try it.

It just gets better and better and better and better. I, I love driving this car because it is a rocket ship, right, with the model S. 0 to 60 in less than two seconds.

[00:19:58]:
Absolute rocket ship. And because there’s no gears, you don’t get the jerky. Right? There’s no gears in this thing. You just complete your pure acceleration in this car. You have to go try this and you’ll buy it and that’ll be good for the stock too. So just go test drive it, go buy it. You’ll. The new models are coming out pretty soon though.

I’m just telling you, got a pretty good sense for this. Tesla’s new models are right around the corner. So if you’re going to wait, maybe, maybe buy, use one now and then upgrade to a brand new. And if that’s what you want to do, whatever you want to do, doesn’t matter, maybe, but get the Model S, you want the acceleration, you want 0 to 60 in less than 2 seconds. And the great deals out there for like a 2022, 2023 Model S, and just call me and thank me after you do it because it’s, it’s, you’ll never not own a Tesla after you own a Tesla. People had told me that and now I totally get it, okay? And, yeah, but, but, but Musk is right, you know. Robotics, the change is happening. What’s coming.

All this in the big bribe. This is all happening. How lucky are we? How lucky are we to be alive? This is, there’s been no, no better time to be alive for human beings ever, Ever. And I won’t go off a big diatribe like I have in the past about negativity and, you know, people that just, you have more at your fingertips, more wealth, more money, more liquidity, more access to everything you could want to make your life better than at any point in history times 100. And yet you still find a way to be unhappy and just talk about how bad things are. That’s how spoiled we are as a, as a people.

[00:21:36]:
And so I just think that, you know, again, there’s never been a better time to be an optimist. It’s right here, right now. And if you are an optimist and if you’re just, if you just want to enjoy the life that you have and what’s coming, folks, it’s, this is, we are really lucky. We are really, really lucky to be alive right now. And I, I don’t really hang out with people that feel too differently about that. If you noticed, if you’re, if you’re a real negative person. We’re not friends, you know, we’re, we’re not. Buddy, buddy, I might call you a friend, but I don’t choose to stay hang out with you.

I want to talk to people that see things like they’re the reality. Look, can you believe what’s, you know, I’m going to space. I don’t know when, but I’m, I’m going to space here inside the next 10 years. Space tourism is going to be a huge thing, right? Going to be hotels in space. I mean, I, I’m going to experience that. Probably Mars is going to be a little bit out of my, my bucket list, but who knows? Maybe not. I mean, if we’re all going to live to be 130, which is probably going to be the case when all diseases are killed, I mean, this is the future that’s happening. And so we’re all Just very fortunate.

But it’s this massive liquidity. That’s the story that people are getting wrong. Okay, $22 trillion in M2 money supply. These are all records. 22 trillion. And that’s just cash and cash equivalents. When the market goes down, who do you think is going to be buying? They’re taking money out of that and saying, I got to own more stocks, I got to own more stocks. Every dips being bought, every dis being bought, obviously seven and a half trillion money markets that’s as liquid as you can get, that’s easy to put in the stock and then it’s what’s coming.

[00:23:17]:
And this is one of my favorite topics, as you probably know. You probably know what I’m about to say. Mortgages, right? $34 trillion again, another record. $34 trillion sitting in home equity. 40% of Americans have no mortgage. They paid their home off. The average home equity is better than 70%. Like 70.5% again.

34 trillion in home equity. What do you think is going to happen when people get a little more confident? The rates are going to fall. Just a little bit more confident. A little more confident that Trump’s economic strategies are in fact working. All this liquidity is going to come flooding into stocks and into other housing and, and into cryptos. Anything where money can, can go. It, it, it. And now that we have tokenization of assets, come, folks.

I’m the most bullish person that you’ve known for. If you’ve known me for the last three years, you. No one’s been more bullish than me. I think that’s a fair statement.

[00:24:27]:
We wrote a book about it three years ago and predicted all this. So that’s the truth, is what we did. We were right. If we’re right about what’s about to happen next, we got a big party coming our way. We got a big party and it’s an opportunity not just to spend money on yourself and buy things and you know, that’s fleeting, right. But to make a difference. You know, the old saying is, you can’t help the poor if you’re one of them. So I was raised Southern Baptist. You know, it’s always, money is root of all evil.

That never made sense to me because the people that I knew had money were helping other people in their time of need. Like that sounds. That’s what I want to do. So, yeah, no, it’s not about greed, right? It is about having the ability to do things to make the world better. Meaning your world I like to benefit those directly. The people that are in my life that I see daily, these are the people I want to see their lives better. And if I can help in solving some small way, then I feel like I’ve had a really good day. And so the more we make in the markets, the more we make from our investments and the more we learn and get more confident.

The more confident you are, the more you invest, right? I would guess that. And I have a pretty good feeling for this. It’s really not much of a guess. There. There are a lot of VRA subscribers, a lot of our members that are scared shitless still. They, they. You’ve been reading me every day, listening to me every day for three years, making this case. And the psyop of negativity has been so effectively executed that even though, you know, I’ve been right, you know, Todd and I’ve been right, you know that we’ve made the right call, you’ve read our work, it’s playing out.

[00:26:13]:
The psyop of negativity has been so overpowering that even you’ve been impacted by it. So my point is, when that stops working like it has been, and the sheep start waking up and go, okay, so this is that poor market.

This is, this thing’s going okay. We’re just getting started, going a lot higher. Economy is in really good shape. Oh my God, look at the future. It is bright, right? When that happens, this mountain, this ocean of liquidity will come flooding in. We’re going to have years, multiple years where the SP 500 is up more than 50%.5 0. Next year will be one of those years. NASDAQ obviously will do even better.

Some of these mining stocks are a ten bagger from here easy. And they’ve already had good runs, right? Even though again, no one wants to buy them. And you know, again, you want to invest where the upside is. And that’s why sector research and, you know, just having a good macro game plan really does matter. And then just having the patience to monthly dollar cost average and keep adding two positions.

[00:27:20]:
As you can tell, I’ve been away for a few days. I hadn’t been able to do a podcast. So I’ve been thinking a lot about this on the trip. And so I wanted to share something with you this morning. I’ll try to write a lot of stuff tomorrow, but go to go to Tesla’s either site or go to their X account and read about Tesla’s Master plan Part four, which they just released yesterday. They it must they put a lot of thought into this. This is not some willy nilly operation they have going here. There’s no seat of the pants operation here.

And if you read through this and you see that everything they worked on coming together, number one, you’re going to realize very quickly you do not own enough Tesla. But you’re also going to realize that the future is so bright that yeah, you got to wear shades. Okay. And again, I just gotta say we’re so fortunate. Market today again came back. By now you’ve probably already seen where we finished up, you know. No, no, no big losses. Good comeback here today.

I will tell you the again, the semis, they lead everything. We know that, right? Well today they were down 1.6%. That’s a little concerning. But again set September mindset. We have come a long way, short period of time. But look at my screen is almost, I mean my screen as far as what we own, I got three stocks down today. Everything else is up today. Right.

[00:28:42]:
So it’s about this market is broadening. Money’s not leaving the market, it’s going to other sectors. And so that’s, that’s the, that’s the intelligent side of this is that we get to pick and choose where we want to keep our money without being day traders. That’s not what we want to do. We want a position for the next 1, 2, 3, 4 years, something like that, right. And then keep adding those positions so that when we right about these moves, we really benefit. So instead of having you know, a little bit of money and something and go oh my God, that thing went up five times or 10 times, I did well. But if I just had enough confidence because I had the money, but I was scared.

If I’d had the confidence and really use monthly dollar cost averaging like Kip and Tyler tell us to then man, I would be in so much better shape.

So we are big fans of monthly dollar cost averaging as you probably know. It works, it just does. Again, Ted Parsons, Michael Mess, thank you both. You both believed in it and he taught me a lot. Okay, let’s look under the hood today. No great damage here. 2 to 1 advanced decline negative. Both NYC and NASDAQ volume today.

[00:29:49]:
Positive for NASDAQ, positive for NASDAQ. That’s a tell. Volume slightly negative for NYSE not even close to 2 to 1. And we had, what was this about? We had more stocks hit 15 Kai 50 low by about 30 stocks. So again no, no damage done yet whatsoever. Also of interest poke all ratio though opened at 0.85 went to a high of a 0.97. Again we’re, we’re a few days removed from all time highs and put call ratio is already starting to jump. That’s no nothing.

It’s not an attention getter but if the pickle ratio gets above one it in this kind of a bull market that’s a big buy signal. One thing that has yet to be really impacted is the fear of greed index is holding in pretty good in the green area at 62. But we you know look, look at the AAI survey. You know we still has what like 10, 12 more percent more bears than bulls. It is crazy right? But again this is what the psyop of negativity has got. People convinced that something bad is about to happen. They’re convinced of it. They just can’t tell you exactly what it is but that everyone that listened to is saying it.

So it must, it must be likely to happen right? It, it must be like everyone’s saying it. So no that’s not, that’s. That’s don’t be a living. That’s not, that’s not how this works. That’s not at all how this works. Okay, what else today Sector. You know I didn’t actually pull that up one second here. Sector watch today was this about okay we had four sectors finished higher, seven finished lower.

[00:31:31]:
Real estate down 1.7% industrials down 1% and technology than 1% to the upside. Very little energy up a quarter percent and that’s really about it today. Not, not, not a great look from sectors but again had a big move is early September. This is, this is when the bears do have a chance to get to make a little bit of headway. But again with this ocean of money it’s just, it is just not going to matter unless something bad happens and that’s why we stay diversified all that kind of thing. Don’t think that’s happening at all. I think September is going out being a good month in a. What else Commodity watch today again talked about earlier again 3602 gold.

That’s the December futures up $83 an ounce up 2.4% today. Miners on fire GDX GDXJ Our miners up what to 12% today. Vista was up today 12.2%. Snow Line who were visiting in the Yukon starting on Friday and Saturday is up was up 4.4% today. And these are, these moves are beginning beginning. Don’t even think about taking profits. You’ll regret it. Silver also ready to go.

Silver’s we’ve been talking about this. It’s ready to go up 2.5 today. 4173 copper today also up 1.1% at 464 pound crude oil today up two and a half percent.

[00:33:01]:
Energy stocks didn’t do much but they have been doing better. I really thought we’d get, we’d get a pop today in energy stocks really didn’t happen. But oil to crude oil today, but a buck 63 a barrel. That’s good to see. And again, what a great buy here. Energy stocks, crude oil 65 supply demand was all about. A good friend Will Reese will tell you that’s what’s happening here. Just, just hold on.

Big, big bounce back coming in. Crude oil. But Trump loves it down here, right? Because it’s so, so disinflationary. That’s his big concern is show the tariffs will work without inflation. Oil prices have to be down for that. And so his buddies are all helping him out. And we want to keep, we want to keep crude oil West Texas intermediate, I think we want to keep it below 70 for a while. And let’s make sure this inflation story is done away with so the innovation revolution has time to work its magic.

And it’s disinflationary magic so that oil can go back to 100 and it won’t matter at that point. Okay, at that point it just won’t matter. Finally day bitcoin again. Nice, nice recovery here. Up again. You know, so it’s been a lot of wells that have been selling. I just don’t think it’s going to matter. Again.

[00:34:11]:
The best supply demand story of all time, Bitcoin last trade now back over 111,000. 111,339. That’s up by 3.3% over the last 24 hours. All right, folks, hey, appreciate you listening. Hope you had a great day, maybe mid or night. We’ll see you back here again tomorrow after the close.