Welcome to the VRA Investing Podcast! In today’s episode, Kip Herriage dives right into the latest market moves following a turbulent week marked by political drama, government shutdowns, and shifting investor sentiment. Coming off last week’s shakeout, Kip Herriage breaks down how technical signals like the Hindenburg and Titanic Omens played into market psychology and why, despite these bearish flags, he sees clear signs of a generational bull market ahead. From the pivotal role of semiconductors in confirming bull market trends, to the impact of political maneuvers and upcoming midterm elections on economic strategy, this episode covers it all. Kip Herriage also shares real-world stories from his time in the dot-com era, comparing the current AI innovation wave to past bubbles—and explains why he believes we’re still in the early innings of this powerful cycle.

Don’t look back because the market is closed. Good Monday afternoon, everyone. Kip Herriage here with the daily viewer investing podcast. Hope you had a good day today. Hope your weekend was fantastic as well. We certainly kicked off the market the week with a bang when the market didn’t we? You know, look, we went through a rocky week last week, but as we said last week, you know, there were chinks in the armor. And in retrospect, I think it’s kind of easy to see what that was all about. It’s about the shutdown and just a myriad of problems that came with the shutdown.

You know, people weren’t getting paid, airlines were shutting down flights. Animal spirits in the country were definitely being impacted by this. Right. And that’s the thing about Trump. When Trump, he’s got a, he’s got, he’s got a very good sense of timing when Trump feels pressure. And I think, I think if the stock market probably produce a lot of that pressure, but of course, it was shut down as well. People just getting very angry right around, around the country like, like what’s going on here? Yeah, it may be the Democrats fault, but dude, you are the president. So, you know, put this to an end.

Right? Use your, use your political capital to make this stop. And that is exactly what happened, as eight Democrats basically just said to their own party, you know, we’re defecting. And that’s what they did. And so it’s expected that the, the government’s going to reopen again this week. I think I heard Wednesday or, or Thursday at the latest. And that’s all very good news. And the Republicans didn’t really have to, as far as I can tell, didn’t give up anything. You know, obviously, if you’re a conservative, fiscal conservative, certainly, you know, what Democrats are asking for really, to fund Obamacare again to the tune of more than $1 trillion.

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Obviously, Obamacare has been a disaster from, from jump street and we know, look, rehash all of this, but we do know that we’ve had to pay for the health care for a lot of illegals and many other things as well. Right. But anyway, the bottom line is we had chains in the armor that’s now been dealt with. And it’s interesting as well, because last week we talked about this, a lot of technicians, a lot of the, you know, primarily technical people really started globbing onto this Hindenburg omen. And then there was another one that somebody came up with, oh, there’s another one Hindenburg omen. And there’s the Titanic omen. There are these two omens that, and I can’t really explain it except to say that they, they, they really aren’t a sign of bad internals, but it’s a cluster of somewhat negative internals. When you’re at a market peak, when you’re at the hot all time highs and you start to see these clusters, it basically is a sign of some distribution taking place.

And yes, they have preceded some big market declines, no doubt about that. But there also been many, many, many other cases where all they did was presage a very, very brief shakeout. Like, like, like we had last week. Right. And so that, that looks very much to me to be what happened here. Now we’ve been, we’ve been very consistent about, about a few things over the last three years. Chief among those is that we’re in a winter generational bull market and I think the size are just crystal clear. They just, we, we see them everywhere.

I’m going to talk about a couple of those today with you because there’s some very, very again, with, with my perspective from dot com. I’ve got one example I’ll walk you through. I think it’s, I think it, I think it will help you make sense of. For those that didn’t live through.com and didn’t work through.com, i think it’ll make sense. I’ll cover that in just a moment with a company I took public by the name of Edge Petroleum. And a very, I think it was fun to live through it. When I explain it to you, you go, what that really happened? Yeah, because it really did happen. But again today, phenomenal.

Move higher. This is a textbook bull market. Move higher. Today the semis led today up 3% of the day. Nasdaq was up 2.3% of the day. Semis led Nasdaq. Nasdaq led the raw market. This is a textbook bull market day.

Tomorrow morning’s letter I’ll share. Once again, I would say it’s one of our favorite, one of our top three relative strength charts, the semis to the S&P 500. Because it’s, it’s just been, the chart’s been a thing of beauty and when the semis are leading the market higher, then that’s that again, that’s textbook. And that’s exactly what’s been happening from the April 7 low as matter of fact to the day as we covered here for the often by the way, to our new folks, welcome. This, this topic will be something that you’re going to become familiar with if you listen to our, to our podcast often because there this is our again, if you are investing since has made up a lot of, you know, a lot of elements when it comes to market timing and, and that kind of thing. But when it just purely comes to direction of the market, what’s the best tell? The tell, it’s the semis. If the semis are leading the market higher, you must be long. If the semis will lead the market lower, you want to be very careful.

It’s a good time to use discipline. Then you got to sell, right? But it’s a good time to use discipline. And that’s been our approach here and it served us very well, honestly, from the birth of quantitative easing in 2008. Being as a trend follower, following the trend of the semis has saved our bacon many times and has also given us confidence to be aggressively long at the right times. And so we saw it again today, again, textbook bull market. Last week. We talked about, you know, people like Jim Cramer, people like Michael Burr. I’m not picking on people, okay? But as Todd and I just talked about, Jim Cramer doesn’t have the best reputation, okay? Matter of fact, it may be the worst reputation of any financial person of our time because he’s got, he’s so wrong.

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He’s wrong all the time. He makes big calls and he’s wrong. There’s some people that think he’s doing this on purpose, that he’s like, just do the opposite of what I say and you’ll get rich. Invest like Nancy Pelosi and you’ll be wealthy, right? Maybe if you’re the inverse Jim Cramer. And they’re, they’re, you know, they’re, they’re. I think there’s a fund, there is a fund that does that invest. Does exactly the opposite of what Jim Cramer says and it’s very successful. Anyway, Jim Cramer last week said we’ve entered a bear market.

Michael Burry, big fame, short of big short fame. Last week released in his 13F filing that he was short through puts Palantir and Nvidia. Now, Nvidia is one of our favorites of tin bagger here. So we saw that. Obviously we’re like, what? Why would you short the world’s largest company when you’re in the second inning, maybe Bob, of the first of an innovation revolution that is going to take this market dramatically high. The AI story, I know a lot of people are saying it’s a bubble. Folks, I have a great story to share. Please stay with me, okay? Because it’s going to make the point.

And if I, if I had a, a back channel to Michael Burry, I would tell him this story. He shouldn’t, he should know this already. But I’m going to tell you why. Clear evidence, clear evidence of why this may be a bubble. AI I’m talking about the whole innovation revolution theme that, that’s our, that’s what we’ve called it. Why it likely will become a bubble in years, from years to come, but nowhere now, nowhere near a bubble. Now this is just getting started. But anyway, Michael Burry did not have a good day today.

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Nvidia today one of his shorts again via put positions was up our, our favorite, one of our favorite stocks, Nvidia up 6% today. And the other one that he short again through puts Palantir up 9% today. But again, Michael Burry, same thing, made a great call with the housing crash, but he was two years early, by the way. But still he stuck with it and made a lot of money, made his name for himself. But it’s not had a great decade since. Matter of fact, it’s been more than a decade. He’s made a number of calls that we completely disagree with and we said at the time that we couldn’t disagree with Michael Burry more on this because again, these people are very quick to turn bearish, very quick. It’s like a form of TDS when Trump has a rough week or two.

There are certain people that get very bearish immediately. I think it’s because they don’t like Trump. And we saw the same thing when Obama was president. I’m a lifelong independent. I, I think I’m able to see maybe see these angles a little better, I don’t know. But with Obama and then Biden and then when Trump became president, there, there are certain groups of people that if they don’t like the president and think his policies are flawed, tend to get very bearish. And then the, the Trump, the Trump supporters. Like, like, like, like me, like Tyler, like Sam, like, like Josh, like Danielle.

We’re all Trump supporters here. Doesn’t mean we agree with everything he does. But we’re Trump supporters because again, look, where would the country be without him? Well, we’d be Canada. We’d be on the way to becoming. The UK first and Second Amendment would be under severe attack. Already had Harris won or anybody else. So that’s the significance of Trump winning in my mind. But anyway, these pivots he’s making are.

The timing is becoming really good. And again, I’M jumping around a little bit, but I don’t want to forget to say this. I covered it this morning in our letter. Trump knows we’re going to win the midterms. Have to. He’s going to use Mondavi to scare the hell out of the country. And it’s already working. Boy, it’s going to be a fever pitch come next November.

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Every, every city. If you’re an independent or Republican or just a patriot, love your country. Democrats as well. I gotta go. No, no, no. I can’t have that in my backyard. I can’t take that chance. And so the turnout, again, this is.

I’ve not seen a lot of people making this call, but I saw it right away. Maybe I’m gonna be wrong. Not a lot of people, I will tell you, not a lot of people agree with me. But I believe it’s going to be a phenomenal campaign attack ad. And I think it’s going to be everywhere. And I think, you know, by, by next November, people are, it’s going to be a fever pitch. People are going to be scared to death about Mondavi. And there, there are reasons to, to be afraid of this guy.

Okay. But you know, there’s also the flip side. Tyler, Tyler said it this weekend. We, we worked, we worked this weekend in Austin and, and got a lot of good work done Saturday. Watched a little Texas Tech football. That’s where Sam went to school. Texas Tech just destroyed BYU this weekend. Sorry, sorry to the BYU fans out there, but you know, we’re, we’re big Tech fans because that’s where Sam went anyway.

And I completely forgot my train of thought now I’m thinking about my boys. Right? Oh, Tyler, Tyler said about Mondami said maybe he’s aware of as well. Maybe he’s got, if he’s got really good political instincts going into the midterms next year, he won’t do anything crazy. He’ll be a somewhat centric down the middle. You know, let’s make sure crime’s not out of control. Let’s don’t do anything. It’s, it looks communistic. I, I don’t, I don’t think, I don’t think he’s that bright and I don’t think, I don’t think there’s a fiber of his, of his being that would allow him to do that.

And so I, I don’t think that’s going to happen. I think there’s going to be enough that he does. It’s crazy anyway. The whole, every Republican running will Use that. You know, you have to be careful about it backfiring, you know, but if you get a run accurate attack ads, et cetera. But anyway, I think that’s what’s going to happen here. Bottom line is Trump and his team, financial team, his whole cab, everyone understands the significance of the midterms and, and their goal is to melt this economy up and to melt the stock market up. Both of them.

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We want, Trump wants this. Look at everything he’s doing. He 50 year mortgages he talked about over the weekend. Look, I see both sides of this. I think more options are always better, right? We used to not have 30 year mortgages, okay. And now that’s what most people use. But anyway, again you don’t have to, you wouldn’t have to use it. And it does give people better options.

Your payments will be lower, you amortize the heck out of it. You have a lot more money early on to invest, you know, to invest instead of paying, paying on principal. So anyway, there are advantages. I do see the downside as well. But again I always think, I think more options are always better. That’s where I come down on that. Okay, but again, bottom line is they’re going to melt this, they’re going to do everything they can to have this economy rocking and rolling to go into next November because people do vote with their pocketbooks. Okay, but again a good, good, good, really, really good day today.

We finished essentially at the highest of day today, you know, with the government shutdown being that again, that was the biggie, right? That, that was, that was the biggie. And now, you know, again, now we’re thinking about where we are now. Now we’re right back where we were before it was a melt up bull market before we had one week off, right? One bad week where all these bears came out, got bearish shorted, stocks really made fools of themselves and now they’re short and they got puts and they got to unwind those positions. Now they got to go long. That’s more fuel for the fire. And that’s why today felt like we’re just back in Meltonville. And that, that is, we’re about, we’re, that’s my belief. We’re back in a meltable market because we’re now in the best seasonality that there is right, right now frankly, from now to the, to, to, to April, this is the strongest period of the year for the markets right here right now.

And November is the best month for the SPF 100 going back 50 years. So we had the shakeout, right? We got rid of the weekends. We brought bears in. I mean this is, again, this is a textbook and I think, I think this market continues higher. NASDAQ let the day away again today up to 2.3% higher across the board today S 500 up one and a half percent. Again, a very good day here. Exactly what you want to see. And it’s liquidity Fed, we talked about this last week.

I’m just gonna, we have a little new information here and it’s important so I’m going to share it with you. We talked last week about the $1 trillion sitting in the Treasury. The, the treasury general accounts is what it’s called. This is the. Scott Besson runs this thing, right? Every, every treasure Secretary does. And this is where the, all the, all the bills were paid from. Well, those bills weren’t getting paid because the government shut down. So this money just built up in the Treasury.

Last night we got the first evidence that those funds were being released. The, it’s called the sofr, the secured overnight financing rate for banks plunged over overnight over the weekend to its lowest level in more than two years. This is a sign that massive liquidity was being already being flooded into the system. When this happens, and you can always tell from the sofr, again, secured overnight financing rate. You can always tell by this. Okay, you follow it by Fred, you know the Federal Reserve data site. When this happens, the market’s going to go up. This is the first thing people key on as far as short term traders.

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Right. And so we, we saw that over the weekend, like hey, Monday’s gonna be a good day. They’re gonna, government’s going to at least get signs of reopening. And then all this money’s flooding in because you know, money is, the markets is supply and demand. The markets are driven on liquidity. Look, as I wrote this morning for our new folks, I mean just, you just got to hear this at least one time. In addition to earnings which are growing at now 13%, if you remember, what was our, what was our forecast for Q3 earnings? 13 to 15% where they come in and now 13%, right. We were a big time high.

We didn’t know anyone really that had that 13% number. We had a number of people at 9, 10, 11. We were 13 from the beginning. 13 to 15. And again, we’re not done yet. Nvidia, by the way, reports on November 19th. November 19th. I think it’s gonna be a tough road to hoe for one Michael Burry.

I I would. There’s no way with my, with my worst enemy’s money would I be short that stock or own puts in that stock. They’re gonna. They’re gonna announce. They’re gonna announce phenomenal earnings again. They’re gonna guide incredibly well again. Because if you know Jensen Wang, the CEO, you know, that’s what he does. All right? And again, we’re early in this AI boom.

But so a corporate. Growing corporate market, cap to debt is at a 50 year lower. I mean, it’s not just the consumer that’s flush. And the consumer is absolutely flush. If you’re not hearing that in the media, you know, it’s just because they have a. They have a narrative, and that the media’s narrative is to make sure you are living in fear. They won’t tell you the things we talk about here. These are facts we’re telling you, but they want Americans negative and afraid.

This is the psyop of negativity. We’ve written and talked about you for years. We explained it in the Big Bribe, and it’s something I noticed just probably about two or three years after the, the financial crisis and the housing crash and the, the birth of quantitative easing. It’s like every article coming out was negative. Like, the market’s going up a lot. Why. Why is every article from the same sources, right, all the mainstream, why is it all negative? Because they wanted us negative. That allows the smart money, the big money, to keep buying stuff on the cheap, not just stocks, housing.

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If people are negative, they are. They are. They’re building cash. They are afraid to invest. And that gives the smart money, the insiders, a huge advantage to just load the boat, knowing that things are much better than the, than the media’s reporting. Does that make sense? Right? That’s what we call it. A psyop of negativity still very much in place. But also, they know that the more afraid we are and the more negative we are, the more power they have.

A scared populace is a populace that’s much, much easier to control. Folks, I’m telling you truths here. I had this conversation. I can tell you there are people that look at me and roll their eyes like, what do you know? How crazy you sound? And like, hey, you know what? You don’t have to listen to me and feel free not to. But, you know, again, with a lot of things, you know, time. Time is the ultimate judge. And I think that, you know, I think based on my track record, our track record here, the vra, I think track record’s Proven that We’ve. We’ve called a lot of things.

Right, right. 9, 11, Patriot act, both wars, financial crisis, housing crash. I was. I was on stages around the world talking about that a year and a half before it happened. All right, And I can keep going. Pandemic, you know, in March, April of 2020, Tyler and I were on this podcast every day and in VRA letters every day. We lost a lot of members because they just didn’t want to hear it. Like, what are you talking about? It’s planned.

What do you mean? The Rockefeller Foundation’s document lockstep from 2010. Are you, are you. Do you hear yourself? That’s insane. Why would a government, why would a country, why would the world do this to yourselves? Right? It’s about control. We explained it then as we did with the jabs. And you know, our. Our goal was like, every person, every single person and maybe their children that we can get to, that won’t then inject this or inject it into their children, you know, college be damned, job be damned. I mean, you know, again, it was.

They put people in an impossibly difficult situation. And believe me, I understand that completely. Right. I just. We’re very lucky here. We have our own business, so that, that’s not something we had to worry about. But for a lot of people, and I’m sure a lot of you listening, and I know this to be true, I’ve had this conversation with so many of you. Some.

Some heartbreaking stories. Some absolutely heartbreaking stories about. I guess it was last week I shared the story of longtime, longtime clients and friends who’s both their grand grandchildren passed away within. It was like five months of each other, both from turbo cancers because they had to take these to go to college. And the grandparents, again, our friends were like telling their children, don’t let, don’t make them do this. Find another college. Go to whatever you got to do. Don’t do this.

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Have them take a. A leap year or something, but don’t. And. And again they, you know, again, there’s no, there’s no proof, of course, that they both died of turbo cancers because of the jab, but we’ve seen it happen so many times now, and it died suddenly. Again, I don’t mean to get too far off track here, but the point being is that, you know, I think that we’ve proven, and I’ve dedicated my life to doing that research and due diligence. Nine. Eleven taught me that. 911 taught me that.

And that was obviously, you Know the official story is impossible to leave there. So let’s move on here. But the other thing about this, this, this market, this. And I’ll transition now to what I want to talk about a minute ago. The reason we’re not in a bubble. So I, I work through.com, right. I think, I think most of you know that and during, during.com I took really, it was two and a half companies public. I ran, I usually say three.

It was me, me and me and a partner on one of them. But took, took three companies public during 1995 to 2000 and so and I managed a lot of money then. My buddy at Raymond James ran the syndicate. So my people got all the hot deals. So it was a, it was, it took us about a year to 18 months to figure out what was going. What is the dot com. What, what, what, what’s going on here? What this is, this can’t continue, right? These, these dramatic gains in these tech stock called dot com. This can’t continue, right? This is crazy.

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And like you know what, we just got to embrace it because it looks like it’s real in this building. And then we came to figure out and understand the significance of what Doc.com meant for the future, right. And the Internet etc, online shopping. And so then we embraced it and you know, the last three years was a whirlwind and the best, best three years of my career for sure. And then you know, I retired. I retired six months before the market topped and because I thought it was a bubble. And so but one of the companies, and I’ll just say this, the number of companies going public during.com has dwarfed what we’re seeing now. Yeah, we’re seeing more IPOs now but.com resulted in hundreds of IPOs each year and they were unbelievably successful like we had in one year.

I think it was in 98 we had, and I’m working on memory here, I think we had 400 IPOs that more than doubled on their first day of trading. 400. If you didn’t double in your first day of trades and IPO then you, you were, you’re a failure. That’s how hot it was. We had like 150 IPOs that went up more than 300% on day one. Now ask yourself, are we in that environment now? Of course not. No, nothing like that. Now my story about Edge Petroleum, okay, One of my, one of my companies found the company, brought them through investment banking, did the whole thing.

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It was my deal, right? All the Friends and family. The, the CEOs were twin brothers, James and something Calloway, kind of goofy guys, incredibly brilliant. They’re really the first one that did 3D seismic in the Gulf coast area. And so they were way ahead of the game. Again, very bright. It was, it was a good deal. Well, they went public and then one day I got a call like six months into it. They weren’t happy.

The stock price wasn’t going up more. And the board members asked me to go to the two of the board members that were clients of mine asked me to go to a board meeting with them and help them convince the board that I still can’t tell without laughing. Help tell, make the board understand that they should change their name from Edge petroleum to edge petroleum.com because every company that went public with the.com after it was going up, you know, again, you just put a.com in your name and you were you. It was on steroids, your stock price. It didn’t matter if you were in the field or not. Companies were just putting.com just so they could have their stock price jump up so all the insiders could sell if they wanted to. Well, I said guys, you’re kidding, right? You’re an energy company, you’re an EMP company. Well, you’re not.com as well.

But we do 3D seismic and look, we just want to take advantage, get the stock price going. I knew what they wanted to do and I talked him out of it. So I said you’re going to be a fool of yourself in front of you, but you stop this right now. And so it never happened. But the point being that was the environment we were in. Now let me ask you a question. Everybody wanted to be dot com. Hundreds and hundreds of IPOs.

Dot com companies. Let me ask you a question. Where are the AI companies? Where the AI IPOs where the company adding AI to their name to take advantage of. Of skyrocketing stock prices. Not happening. It will. These big AI companies which are really the mega cap, you know, tech companies now, right? They’re just so incredibly wealthy. I mean they’re the ones that are fostering this growth.

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But the spin offs and the IPOs, the AI IPOs, they’re coming, but folks, they really hadn’t even started yet. Not like they’re going to. That’s how early this bull market is, right? Just remember this, remember I said it here because in a couple years when these IPOs really start to come and they will and they’re all AI companies, we’ll be able to know where we are in the cycle. And right now we’re very, very early. That’s just it. And the other thing again, people get so bearish so fast, right? I mean like last week the fear and greed index got down to a 14. We were five days away from all time highs and the fear and greed was at 14. Extreme fear, again this is not the, the, the investor like market psychology of a market that’s extended or frothy or anywhere near being called a bubble.

It’s just not. And so this again just knowing this is a great opportunity for us gives early, gives us the confidence to go keep buying the dips, man. That’s, that’s the theme. That’s that it’s a generational bull market. It’s a meltable market and you got to buy that. You got to buy the dips. Retail investors have figured this out. All right, We’ve had this conversation with you a lot so I won’t belabor the point.

But bears are trapped. Bears are trapped again. And we just hope they keep. We, we want to see them continue this insanity of calling market tops this early in a massive bull market. Please could keep doing it. Jim Cramer, please, Michael Burry, so many others, please be as bearish as you possibly can and be do it publicly. And so you get the weak hands, right? You get, you get a one week down market and then the weekends leave and then they go short and buy puts and that gives us our next opportunities. Now they’re trapped and that’s, that’s what, that’s why the market was up like it was today again with all this liquidity again.

There’s just so many reasons to be bullish here. Right. Okay, what else here? All right, let’s take a look under the hood today. Internals today were, were very good today. 2 to 1 positive advanced decline for both NYC and Nasdaq. Up volume today for NYC was 61.8% and 62.9. Nasdaq would like to see this a little bit higher but again the fact that the Semi is led up 3% today. That negates anything that might even appear to be negative from the internals point of view.

We also had 130 more stocks at 50kaiden 52 week low. That’s about what you’d expect after the week we had last week. And our sector watch today we had eight sectors finished higher, three finished lower. Exactly what you want to see. Tech up to 2.7%. Communication services, which is tech up 2.5%. To the downside, nothing really. Well, again, three sectors finished lower, but there’s just nothing there like 0.12% losses.

Okay, again, this is a very good day today. It’s exactly what you want to see. Our hope, I mean, if we’re being honest here, was that Friday’s rally, which was that. That was, as I covered on the podcast on Saturday, on Friday, that, that was the, that was, that was the tell, right, that NASDAQ was down, was 500 points, and then almost recouped all of that massive rally because again, people realize, okay, this is, this is stupid. It’s gone too far. They’re going to reopen the government and all this liquidity coming in, right? All things we’ve talked about here today and on Friday. And so our hope was that we’d get a lower open today because buying lower opens on a Monday has given me by far the best buys of my career. Tyler will tell you the same thing.

He’s. He’s been with me now eight years, and he’s already seen it probably a hundred times. So whenever you get a weak Friday and a bad Monday in a big bull market, that’s you. You are setting yourself up for a great buy within the first hour of trading on Monday. As. As hard as it may be to buy, like, it’s like a gut punch. Like, I got, I want to buy, but I’m too scared. I can’t press enter.

You know, it just is. Everything’s so negative. Everyone’s so, so scared. Everybody’s buying puts. I. How can I do that? What are you talking about? Right? But again, you know, once you do this long enough, you start to, you know, that’s. That’s what you have to do, right? You just. That’s the way it works.

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As always, you stops, you know, and so you, you know, you limit yourself if you’re, if you’re not that confident in it, put some stops in. But again, we didn’t get that today, did we? We got a market that open higher and did nothing but get stronger. There is a. There’s a lot of money behind this market. Again, we don’t have to go through it again, do you? Do we? All the money, the consumer. 40% of Americans have no mortgage. 70 average equity of home equity. 70%.

$37 trillion in home equity. What’s going to happen in May when Jay Powell is gone and we have a rate cycle that is dramatically lower home equity. That home equity is going to start coming, coming. It’s going to start opening homeowners get more confident and you’re going to start spending that money, putting it to work, buying stocks, doing home remodels, maybe using the equity, buy another home. Right. Especially some of these great mortgage ideas they’re working on come to pass. The big thing is just getting rates down and that, that’s gonna, that’s gonna solve the housing market problems right there. But again, this is a, this is just a great setup.

I really do think, as I said over the weekend on X, I think that, I think that the melt up from here into, not just in year end but it well into the first quarter could be sensational because we just tested the 50 day, we got all these bears. Yeah, I don’t mean to be repetitive, but I think you know what I’m saying here, this is a great setup. We’re so early, this bull market, it’s just a great, great setup. All right. In our commodity watch today, again, same thing, all this, all this liquidity coming in, that’s a buy signal for gold. We told you last week the US dollar after having a counter trend rally got rallied back to its 200 day, got extreme overbought in the very system and it was ready to go back down the primary trend ready to take over again. It’s exactly what happened. Matter of fact, it was like to the hour that we set it.

Okay, so again the various systems, pretty good at these, it’s these, at these market timing calls and that’s what’s happened. The dollar’s gone lower. That’s bullish for commodities. And of course all this liquidity coming in, super bullish. Gold’s bull market so early. If you’re new to us here, our target is 15,000 now for gold. We’ve been probably the most bullish advisory market strategies on gold in the country and very publicly about it. We very often said and kind of preached, you know, don’t save in fiat, save in gold, you know.

[00:33:55]:
And if you haven’t heard this story, I’ll tell you quickly, $100,000 in 2003 in gold is now worth 1.1 million. That same hundred thousand in a fiat, a bank account money market is worth, I’m just going to say less, less than a hundred thousand. I probably need to update, update that number I’ve been using now for a few years. We’ll just say less than 100,000. Right? Because you know, inflation, current is currency inflation is the, is the, is the killer of savings accounts in fiat. All right, but again, look at that difference. 100,000 gold, more than a million 100,000 in fiat. Less than 100,000.

Gold today up $113 now is up 2.8%. 4123 silver today. Boom. At 4.7% this thing is ready to go. Silver’s going to 100 folks. Silver’s going to 100. I think, I think there’s, there’s impetus now in silver to lead. It certainly did today, didn’t it? Again, we’re primarily gold bugs here.

We are gold bugs, but we’re 80, 20 gold to silver. That’s kind of how we’re positioned with our family office money. And so that’s what we always recommend for you as well. But honestly if you were to buy some extra silver now, I wouldn’t, I, I, I would probably think it’s a good idea. We’re actually looking at some opportunities there. So every day we’re getting up 4.7% at 50 40. Chart looks fantastic on this. Again, all the, all the, the, the, the froth has been wrung out of it because the, the, you know, the big six day decline of 10% is so many people sold.

The weekends are gone, right. Or it’s set up. And these miners of course have yet to even really begin to fulfill their promise at all. These are just the beginning. Is this, this is so early for the miners. It’s so, so early as, as early as it is for purses metals as well. Copper today up 2.8% at $5.10 a pound. Crude oil today up a half percent, up 31 cents a barrel, back over 60, just barely $60.06 a barrel.

[00:35:49]:
And finally the day bitcoin. Nice recovery move here. After dropping to right at 98 last last Thursday, Friday I believe. And then of course again liquidity flooding the system. Bitcoin has had a lot of that froth has been ringed out of it as well. Now should be ready to go. Right. This is when bitcoin typically makes its biggest moves.

105,600 last trade. And of course we are using this to pullback to buy bitcoin. All right folks, that’s it. Hey, always appreciate you listening, appreciate your feedback. Hope you had a great day and even better night. We’ll see you back here again tomorrow after the close.