In today’s episode, Kip dives into the driving forces behind the current rally in the stock market, sharing his veteran insights and gut instincts honed over decades on Wall Street. He discusses why he’s losing sleep hint: it’s not anxiety, but excitement over what he sees as a “magnet to all-time highs" and unpacks what’s fueling the bull run despite headlines full of worry: from inflation and tariffs to Fed policy and political intrigue. Kip breaks down why he believes the Fed should already be cutting rates, how political games are impacting financial decisions, and what it all means for investors heading into the midterms.

Don’t look back to the market is closed. Good Tuesday afternoon, everyone. Kip Herriage here with the VRA Investing Podcast. Hope you had a good day today. Haven’t been sleeping much here. Tom and I just had this conversation. When we get these big look, I’ve done this a long time. When I sense that a big move is coming, typically bulk, I’m an optimist.

So only with only in and big bullish runs, I stop sleeping. I’m thinking I’m probably not alone in this, right? Uh, and the instincts start going off. Next thing you know, I’m waking up at like 1am can’t go back to sleep. Next thing you know, I’m getting locked in for the day. That’s exactly what’s been happening this week, actually started last week and my family can back that up. So what we’ve been talking about, folks, is what’s happening, okay? There’s a magnet to all time highs. This market is on again for a lot of this move. It’s been, you know, it’s happened on people being scared shitless, let’s be honest about it, right? And it’s been a while to worry move higher.

[00:01:04]:
The war, the inflation, right, the tariffs, all the earnings have been. Companies are pulling the earnings guidance, right? Is Trump going to get his big beautiful bill passed? Are we going to have tax or taxes actually going to increase at the largest rate ever in the history of the United States if it doesn’t get passed the Fed, what are they going to do? They’re going to keep targeting Trump? Are they going to hike rates? What are they going to do to get Trump this time? What’s the deep state going to do to get Trump? How bad are things going to get right? How bad are these riots going to get? All of this? And now you look at it one by one. There’s no war, there’s no inflation. Wait till you see the earnings that come out for second quarter. Okay, we just had the fourth quarter. We came in at 16% earnings growth with we’re almost, you know, done with the first quarter reports. We’re like 12, 12 and a half percent. I again, most companies have pulled, A lot of companies have pulled guidance and that, that’s forced a lot of analysts to cut their earnings estimates.

That is a big mistake because this economy ain’t slowing down, okay? This economy is speeding up. And this is the same thing we’ve been talking with you for months is animal spiritual back. Yeah. Trump may have screwed up with the tariff thing and it threw everybody off okay. But you know what? He usually has a reason for doing the stuff he does, as goofy as it may be, but the guy makes great decisions and we just kind of learn to accept him. But that’s been our view with Trump for this entire time he’s been in office. Although we hated his tariff approach, our view has just been that we’re going to let Trump be Trump and that again, when it came especially to the war, that we’re just going to trust him. That’s why I voted for him to make the right decision in big moments.

And so I think that this is turning out pretty well. And now again, if you saw Jay Powell today before the House, tomorrow is for the Senate, I hope they’re a little more hard hitting because he had a lot of softballs today. A lot of people that just kind of let Jay Powell run his mouth and, you know, and say what he wanted to say. I, I don’t know about you. I get very tired of Jay Powell saying, we’re doing this because we want to help people. I personally don’t. I think maybe he’s a decent guy, but he’s a Fed chair of, of the US Central Bank. Okay.

[00:03:37]:
There’s very little good about what they’ve done to human beings. He has to know that the dollar’s lost 98% of its value since the Federal Reserve came into existence in 1913. On some level, he has to know the damage he’s done. Right. So I’m not buying the shtick that he’s got. I think Trump’s exactly right. I think that the pressure is being brought to bear on Jay Powell because they should be cutting. This is, get Trump.

There’s no reason they shouldn’t have been cutting already. He even said it today. And we got some good news here, by the way. I think that, you know, he’s now had a couple of Fed governors of one Fed governor, one Fed president come out just in the last 48 hours. As Waller and, and Bowman said, yeah, you know, the July, July should be on for us for rate cut. Yeah. Because we’re not seeing inflation. And what’s the reason, what’s the reason for having these restricted restrictive rates here? And a lot of the questions today were directed at Powell about housing.

These were good questions because, yeah, there’s a supply demand story there. It’s tight market, but that’s not really the case as much anymore there. Now I just learned this today. There are 30% more homes for sale than there are to buy. That, that’s, that’s way. That’s Caddy Walker. That’s not supposed to be like that. It hasn’t been.

[00:05:03]:
Why is that 7% mortgages. Why is that J pal again, we just want to help people. Then cut rates by full point so we can get the 30 year mortgage down from 7% to 5 and a half percent. Right. Start showing some real leadership instead of no whatever, we’re just going to get Trump. But again the pressure is being brought to bear. Now they are going to, whether it’s, it’s July, I think they’re going to cut in July because again the pressure being brought to bear. He actually said today, hey, if we don’t get the signs of inflation that we think we’re going to get, we have no reason not to cut again.

Right? So although he did say if the economy takes off. If the economy takes off. And that is what’s happening here. Okay? So again they, they don’t want the one thing they don’t want the banking cartel. They do not want to give Trump because it’s deep state. They do not want to give Trump a free pass with a runaway economy because then, then, then the midterms, all of a sudden they don’t look so good for, for the deep states party of choice, the Democrat Party, not Democratic Democrat Party. Please, please folks, let’s get that right. No, they, they really want the midterms go again because I’ll look if we lose the midterm, we.

I’m a lifelong independent, but I mean I clearly voting Republican now. Over, over Democrat. They’re just, it is complete insanity. First heard Wayne Root say it, I don’t know, 20 plus years ago that liberalism is a mental disorder. And when he first said it, I thought he was joking. And then I think I realized, you know, I don’t know, 10 years ago or something that my God, he’s, that’s, that’s a real thing. The party’s crazy. They’re, they are, they’re, they’re, they’ve been completely brainwashed, completely crazy.

[00:06:48]:
It’s impossible to go for any of them. But if we lose the midterms, the first thing that will happen because in the House he will be impeached and it’ll just keep happening and who knows what happens. Then it was, you know, now we’re talking about going into 20, 28 without things getting done. Who knows what the House again, these are all possibilities that we don’t even want to see come to fruition at all. Jay Powell standing in the way of that to a large degree. Because if the economy doesn’t grow, if the housing market does start to have some serious hiccups, because the entire race. Yeah, you’re talking about losing the midterms possibly. We need the economy, we need the stock market rocking and rolling, which is what it would be doing if it wasn’t for this private cabal of bankers keeping their boot on the throat of Americans when it comes to the housing market.

That’s what I hope tomorrow we’re going to hear from the Senate Banking Committee when they, they put Jay Powell to the test. We got hope happens. But look at the market. I mean, the market’s telling us rates are going down. The market’s telling us the war is over. Market’s telling us no inflation. Market’s telling us great earnings are coming. Right.

Market’s telling us Trump’s BBB build back, not build back better, whatever his big beautiful Bill is, another BBV is going to, it’s going to pass by July 4th. That was his deadline. It sounds like that may happen now. It’s go time for stocks, folks. It is go time for stocks and we saw it today. This is how we’ve been positioned and now we’re starting to reap some rewards. I think this move is going to continue. Dow Jones finishing up 1.2%.

[00:08:31]:
S P 500 up 1.2%. 1.1%. Rusty Thousand has been leading now. It’s up 1.3% today. Nasdaq up 1.4%. Semis today, up three and a half percent today. So textbook, textbook day. Simmons at three and a half percent.

Nasdaq 1.4 lead. Let everything else, again, these are, this is a textbook bull market buy signals. That’s exactly what we’re seeing here continuing to happen. Nasdaq 100 is now not, not 2% away. Nasdaq 100 is 2 points away from an all time high. 2 points, almost hit it today. SB 500 is 1% away from all time high. Getting magnet to all time highs and then it’ll keep going.

It really is very similar to 2020, to the plandemic. You know, we had the V shape recovery, then we’re back to all time highs and just kept going. S 500 rallied another 42% over the next 15 months after getting back to all time highs in 2020. And NASDAQ rallied more than 70% over the next 15 months. I think again, this is what we see happening. This is going to be an electric market. Okay. Especially if, again, if the, if the get Trump crowd doesn’t have their way.

[00:09:46]:
And again, we got to get race down. That’s the only thing standing in our way now. It really is. Jay Powell and the Fed housing market because folks, 40% of them, we’ve talked about this so often, maybe been a while though. 40% of American homeowners have no mortgage on their home. They own their home outright. 40%, obviously it’s an all time high. On top of that home equity, which of course does include that.

But beyond that, even home equity is also at an all time high. So there are literally trillions of dollars sitting in an equity in mortgages that want to come into what that really desire and want to free up, have confidence to put that money, that home equity into a business, put it into another home, put it into the stock market, do whatever you want to with it. It’s just sitting there. But people have been again, we’ve had five, four bear markets in seven years, brutal. And it’s again, it’s got people scared to death. I understand that. But this is when the biggest moves happen. So that’s why you’re all here, right? Smart money crowd.

Listen to smart money Tip and Tyler Herridge. Because we know this is our own money. You know, we do that, our viewing portfolio. That’s, that’s how, that’s our, that’s we have a family office. That’s how we’re positioned. That’s how we invest. So we watch our money like a hawk. Right.

[00:11:13]:
And that’s why you’re here. You know, you take it as seriously as we do. Yeah, the housing market just all we need is a break there. And this, this, both the economy and the markets are going to skyrocket from here. And that’s why Powell fought so hard about it. Because again, they can’t let Trump have a runaway economy. There’s, it’s not more complicated than that. Everything he says, everything else Powell says is just nonsense.

It’s just all rehearsed. Oh, that sounds good. Say that they’ll buy that. I don’t buy any of it. Don’t buy any of it. And I don’t think you should either. I’m glad that Trump, holding his feet to the fire, others are now as well. So some of us have been doing this now for a few years.

Right. I think I’ve been on Fox Business, I must have said on 10 or 15 different appearances, resign, residents, you’re the worst Fed chair in the history of a Fed chairman. Because that is who Jay Powell is and he should resign and Trump should get one in someone in their friendly to Trump and to the economy and let this thing go, man. This economy wants to go and it’s going to happen, right? It’s going to happen. It’s coming. It’s coming. All right, let’s take a look under the hood today. I want to talk a little bit about Snowline Gold because this, you know, it’s one of our 10 baggers, okay.

[00:12:44]:
They just announced their pea, which is preliminary economic assessment. Right. It’s kind of a first, first attempt at a, I guess it’s been one of those days, one of those weeks. It’s the first serious attempt at valuing what’s in the ground. And, and also, you know, put together, here’s what it’s going to cost us to put this thing into production. Right? So they listed that this morning. They came out with that yesterday at the close yesterday, and they had a webinar this morning. I’m sure a lot of you are on it.

Tyler and I, of course, were. I want to talk about that story. Let’s go ahead and go there now. Snowline Gold, we’ve watched the stock for a long time. I started buying it like 75 cents a share. It’s $6 today. Closed at $6 and 22 cents. I started buying at 75 cents just because I wanted to follow it, but a small position.

And then we recommended like at three and a half. Okay? So it’s, it’s done. It’s, it’s been good to us. What’s interesting is today it was up 10%. And GDX, the gold miner ETF was down two and a half percent. Gold. Gold today. Down big today as well.

[00:13:53]:
Down 1.7%. But, but, but Snow line on this news of the pepea, up big. This is an amazing story, folks. And I, you know, at this point, look, I, I know that our audience is split here. A lot of you here are, are with us as V members, and a lot of you aren’t. It’s. You should be here, okay? You should be here. We work hard.

We’re really good at what we do and we care. We run business the right way. But look, I, I, here’s a freebie for you. Snowline Gold, right? They announced yesterday at the close this pea they have recoverable gold of more than 8 million ounces of gold. Now, what does that mean? There are three, maybe four Canadian companies in history. Gold. Canadian gold discoveries that can top having 8 million ounces of gold. And those are from decades ago.

This is a massive discovery. What’s interesting about it there in the Yukon. This is from one pit, this pea, everything, all of the data they released as far as golden granite, et cetera, it’s all from one pit, folks. They’re sitting on more than 900,000 acres of land in the Yukon. And this is all from one pit. It’s like I got an email back from Scott last night that CEO Scott Bertolt kip. We have about 3,600 square kilometers valley which is what they just announced is just one pit. The total footprint is about one square mile.

[00:15:29]:
So that’s 0.03% of our total land area. That’s all that they have put out results on. And as you said on the webinar today, they are finding, and we know this from our talks with Scott, they’re finding so much more. That has a lot of gold in it. And this is gold they’re finding near ground, it’s near surface level. Like it’s all like 30, 30 to 40% of the gold they find is from the first 12% or something of the, of the soil recovered. So it’s getting very inexpensive. Very inexpensive.

It’s going to cost them as they put this in the pea going to cost them like $500 and something dollars an ounce. 569. Mining cost is $569 an ounce. This for the first five years. That is unbelievably low. That is on most, Most companies are $1,000 an ounce. This is almost, this is half of that. So this is an amazing story.

You know, look, they’ve got a lot of work to get to still be done. It’s going to take a long time before this is in production. But I think people are just going to keep showing up in this. Investors going to keep showing up. And I like what I like about this company. I, I again I think this, this could, this could wind up being the largest gold discovery in the history of Canada. That’s how big this could be. Total market cap now is a billion.

[00:16:57]:
If it’s what it looks like it may be, it’s gonna have a 25 billion dollar market cap. It’s going to be big all right. That means it’s going to go up 25 times from here. Now that’s just Kip early on I could be exactly wrong. But whether it’s 15 or 20 or $25 billion market cap again, 15, 20, 25 times bigger than it is now, that’s where this is going. All right. These are the elephants that we hunt for. And I’ve had success over my career and finding some of these.

All right. And this has that feel to it. I’ll tell you what, I’ll wrap with this. If you, if you notice when the news came out and stock. Stock started trading this morning, it didn’t do anything. It just flat. And then it started gaining again. Closed up close to 10% today.

That tells me so much about a company, the way they run their business. And I told Scott this, I’ve done this over 40 years. I’m so sick and tired because it happens at every company, Almost every company does this. Okay, because criminality again. We’re in the wild west of free market capitalism, right? It doesn’t mean I have to like it, but I recognize where we are and everybody’s trading on this inside information. Do you ever see cases anymore about inside trading or incident? No, there’s no cases brought. Look at Congress. They just do it openly, right? Again, we are in the wild west of free market capitalism.

[00:18:24]:
This is the roaring 2000 and twenties. If you’re ever in your life going to be aggressive and try to work in a great area of what you do, folks, now’s the time to do it, to go for it. It just, that’s what we are. That is where we are. Know that. What I love about Snowline is that when they put out news, there’s no pump and dump here, right? There’s no buy. The rumors, you don’t see the stock gap up. And then here comes the selling pressure because everybody bought it a month ago.

The insiders told each other, oh, this going to be great. Tell all your friends, they run the stock up. You know, Stock goes up 30%. No, these guys keep their business close to the chest. Scott told me this today. He goes, no, we don’t, we don’t operate like that. No, we, we, we want, we want to be the good guys here. This is a great father son team, which of course means a lot for me and Tyler as that’s what we are as well.

And they do business the right way. I love this company, okay? I really, really, really like this company. The way they run their business. Looking for. Matter of fact, we’re gonna go tour the property if everything holds out. In all, late, late August, I believe it. Yeah, late August, we’re going fishing in Alaska in Pelican, Alaska. And for four or five days.

[00:19:42]:
And then the Yukon is just directly above that, so why not? Right? So we’re going to make a trip up there. A little due diligent, due diligence trip that we can Write off the thing anyway and not that it was going to anyway, but go up there and tour the property and really looking forward to that meeting these guys personally. We hadn’t met them yet. So snowline gold and also look, you might go, well kip, I don’t know. Let’s back up a second look at gold was down 1.7%. We don’t have. You said we don’t have war. Why would you want to own gold if you ask that question, you don’t know me.

You don’t know my views on gold. We don’t own gold for geopolitical risk or for war risk or any of that crap. We own gold because currency debasement is only just starting. That’s the flip side to where we are. There are very few people outside of a Rand Paul and a Thomas Massie and a Chip Roy that care about our debt. Very few people. Again, we’re not in that phase. We’re not in that stage of where we are.

This is melt up stage. This is print, print, print, go, go, go. Debt, debt, debt. That’s where we are. It just is. That’s where we are. Look at the Roman Empire. I don’t know what do we have, 20, 30 years left? I think so.

[00:20:59]:
Really, I’ve said it before. I don’t think anywhere close to having a financial disaster because I’ve heard it my whole career and they’ve always been wrong. But this is the phase now where we are in print mode and issue debt mode. And that is just an ultimate buy signal for go for bitcoin too, but the ultimate buy signal for gold. I’m. I love bitcoin but I, I mean I’m in love with gold. Okay. I’ve been for a long time gold bugs from many, many years ago.

My dad was Tyler is So it’s treated us very well and we save in gold, not in fiat recommend. That highly talked about a lot over the years. So again, currency debasement’s the story. Gold’s going to keep going. Our target for urine is 4,000 announced 5,000 ounce next year. This is probably going to be the bul takes gold to $10,000 an ounce. Again, that may, that may be, you know, five, seven, 10 years. I don’t know when but that’s, that’s where we are.

And so that’s why you want to own gold. And, and in that if I’m anywhere close to being right, these miners are going to be a rocket ship. It’s going to be a rocket ship. Ride the Amount of money we’ll make in this group will be obscene. Obscene and snow. I think, I think we’re going to get some, we’re going to get together and have some celebrations over, over several of our positions. That’s just one of them, right? Lost soldier. I don’t want to name all of them because again, there’s a lot of people that aren’t, that aren’t with us yet.

[00:22:28]:
Come and join us, you know. And I don’t think you’ll leave. I think you, I think you’ll like it and you’ll stay if it’s meant to be. All right, let’s take a look under the hood today again. Just great. All around fantastic, all around. Advanced decline today for both nasdaq, excuse me, NYSE and NASDAQ. Three one positive.

Okay, outstanding day. As I said a minute ago, semis up three and a half percent led the way. Semis led NASDAQ, NASDAQ led the market. That’s textbook. NASDAQ 100 is two points away from an all time high. So we’re getting there. Internals again, fantastic volume today. NASDAQ 80.2% upside volume day.

NYC 70.7% volume day. And we had more than 200 stocks hitting a 52 week high and hitting a 52 week low. So good. Very, very strong day here. And same thing with the sector watch. 9 of 11. It really is 10 of 11. Okay, but one was flat.

[00:23:31]:
Call it, we’re gonna call it, we’ll call it nine. Nine of 11 sectors finished high on the day led by, guessed IT. Technology up 1.6%. Financials rates coming down 10 years down to 4.29%. Rates are going to plummet from here folks. They’re going to plummet. Housing is going to soar. We covered that already.

But a great day. Sectors all, all look fantastic today. Energy was down 1 1/2% again. Oil is getting smoked here. But you know, look we, there’s a good trade coming up here. There’s a good chance to add to some energy positions. We’ll do that at the right time. Not quite there yet but look at a chart of gdx.

That’s something we’re going to be acting on in parabolic options here probably this week. We’ll talk about that tomorrow. Great looking chart and pulling back to exactly where it does as support again. Love gold, love the miners here. Body watch again. Gold down 1.7% today. Silver down 9/10 of 1%. Copper up 9/10 of 1%.

[00:24:35]:
Goals at now 33, 37 silver, 35, 85 copper, 489 a pound. Crude oil down another 5% today. You know this is what Trump wants, right? This is how we really get inflation down. And that’s what he wanted. He’s getting what he wanted. No war again that those are all your tales are telling you. But oil will only go so low. I’ll be shocked if oil gets in the 50s again because the global economy, it’s just, it’s just going to be too strong.

Now evs are beginning to make inroads. All right, we got nuclear coming up. We got a lot of nat gas Again oil’s got competition it didn’t used to have but still I, I, I, I think oil’s more likely to be 80 by the end of the year than it is likely to be near 60. Okay again it’s the, it’s a supply demand story. OPEC’s got to get their stuff figured out too. But right now this is what Trump wants to get inflation down. So he’s getting what he wants. That’s been a common them the way the second term good for him.

He’s not, he’s not taking no for an answer and I, I think that’s, that’s a very good thing for him. He have good instincts. Finally the day bitcoin. Let me refresh. There we go again. Making a nice comeback. You know hit dropped below a hundred thousand yesterday. Now 105, 776.

[00:26:07]:
Up 2% last 24 hours. Okay folks, that’s it for today. Hey, hope you had a great day. An even better night. We’ll see back here again tomorrow after the close.