In today's episode, Kip dives into a whirlwind week on Wall Street, where government shutdown fears fizzled out and all four major market indexes hit new all-time highs—a rare and bullish sign for investors. Kip breaks down the market’s midday volatility using tools like the put/call ratio, and offers insights on why these government shake-ups often create more opportunity than crisis. Tune into today's episode to learn more.

Don’t look back because the market is closed. Good Friday afternoon everyone. Kip Herriage here with the daily Viewing investing podcast. Hope you had a good day today. Interesting things happened today. Of course, the obvious, right, government shut down and you know, all the, remember all the, the gnashing of teeth. I think people have come to learn that this actually doesn’t matter to the market. Matter of fact, it tends to be very bullish for the markets when the government shut down.

But still you get your fear mongers like, you know, oh no, here we go. Well, we just hit another all time high today across all four indexes. This is pretty rare when this happens and it happened today. Now NASDAQ didn’t close an all time high, but it didn’t enter the all time high. And I’ll tell you why the rally lost some steam. It was still a good day today. Gains of 5/10 to 7/10 of a percent S500 was just slightly higher but again all time high. It’s a book all ratio.

This is one of the basics that anybody can look at. CBOE puts out the put call data every day. And today at noon when the market was at its peak at one point the Dow Jones was up over 500 points. I think I saw 530, closed up 238, so lost about half its gains, if you will. But the pull call ratio hit a low at noon at the highs of 0.68. And we’ve seen lower, we’ve seen it, you know, drop down to. I think I’ve seen, I don’t, I’m not an expert at this. I don’t follow it really closely but I know we’ve seen it in low, you know, like a 0.51, maybe a 0.49.

[00:01:25]:
Really ridiculous. When you see anything below that, below a 0.7 really, which is kind of actually is kind of, kind of the, it’s kind of the base level. But anytime you get in the sixes really is what I’m trying to say. Anytime you get in the sixes point six anything, you’ve got some froth in the market. There’s too many people buying calls and it’s a great indicator. And if you want to be able to, if not time the market, if you’re a day trader, it’s required. You have to use this data because it just tells you again, froth, right? Or you know, you see anything over a one and you go, okay, there’s a lot of fear out there. Too many people buying puts right.

So that’s a good, these are good contrary indicators. But that’s what happened at midday. We hit a low of 0.68. Everybody’s buying calls and then all of a sudden the market lost gain. NASDAQ went negative by about 100. A pretty big, pretty big switch there for Nasdaq. And we closed at a.78. So again we closed with a, with a, in this case what would be considered to be a bullish put call ratio of 0.78.

[00:02:27]:
Nothing extreme but you know, then the markets were able to rally again a bit. And again intraday, all time highs across the board today it’s all a Rick Reader. A lot of you probably know this guy is Rick. Rick Reeder is the chief investment officer at BlackRock. You say BlackRock and everybody, you know, not a popular name because everybody you know hears they’re buying up all the real estate, buying up all the housing in the US and there’s some truth to that. It’s, there’s not a lot of truth to it frankly. It’s, it’s really been used as a scare tactic. Too much.

But they certainly have a ton of power, okay? No question about that. And they overplayed their hand and they did it, they really would hurt them was they over played their hand with this climate change nonsense. Okay. And you know, they put up these ESG indexes. They were the ones behind pushing boards to get, you know, to make a climate change more of a priority. And the backlash of Jim Cramer, right, Jim Cramer was brought in to do it and the backlash against all of it was massive. Now if you noticed energy companies you never heard of, never heard a peep from them about ESG and about climate change. Do you find that weird? Like you see, they’re the ones being targeted.

[00:03:42]:
No, all they do is they go, hey, it’s another opportunity for us to make money. Let’s go build a bunch of windmills, let’s go, let’s go lease a bunch of land and let’s get in that business. And that’s what they do. So they just stayed a stage, they kept very quiet. And that was a tell, right? Because they were the ones being targeted with this, this carbon nonsense. Right? And climate change complete made up bullshit as we, as we all know now. I think God, again, another reason to thank God for Trump. That is a big one because again that’s how communists, that’s just another tool that communists were going to use.

I know a lot about this topic, by the way. I know where it started from. I know it Started with Russia. It started targeting North Sea oil operas. That’s competition to Russian oil production. And they started all this knowing that they could, they could make, they could weaken democracies that were already being weakened with other communist takeover attempts. That’s really what, at the heart of it, that’s what all of this nonsense was. And so it’s another big reason.

I know, I know, I know who our listeners are, right? I love you all, but there are far more reasons to like Trump than to not like Trump. Okay? Because again, what’s the alternative? That’s just, that’s just, that’s just what I said. Rick Reeder, chief investment officer of BlackRock, was on Bloomberg today. Again, I’m walking by the TV and downstairs and I see him on TV and I like, you know, he’s in the, he’s like in the, made the short list for the, for the new Fed chair. Right. And what was he saying? Just right as I walked by, just music to my ears. He said, we see GDP growth by the end of the year at better than 5%. Now, this is the chief investment officer of the largest money manager, essentially, right? Money gatherer.

[00:05:29]:
Okay? That’s what they do in the business. And when the chief investment officer saying that, that is a huge, That’s a bell, that’s a bell ringing, saying, something’s changed here, something’s changed all of the negativity. And here comes a recession and Trump’s tariffs are going to cause the, you know, complete breakdown in the global system of trans. Of transiting products. You know, that. That’s all gone now. And so that was a big one. And also he was, it’s like he had really been on our podcast and been taking our very letter, frankly, because everything he was saying was extremely familiar to me.

So that’s becoming a more popular message of we’re in, we’re entering very interesting times. He was talking a lot about the AI boom. And he said this too. You know, again, we’ve had a problem because it’s not an AI. It’s not an AI bull market. That’s, that’s, that’s the fallacy. AI plays a role in it. And that’s why we’ve called it the innovation revolution, because there’s so much, it’s so much deeper than just AI.

[00:06:33]:
This is innovation taking place across every industry with new stuff coming, new technologies. Stuff is stuff that. From the Jetsons, you know, and finally, after all these years of being a kid watching the Jetsons, like, oh, that’d be so cool to have all, you know, in Star Trek, right? Beam me up, Scotty. That’s the one thing, you know, everybody’s hoping we get something really cool like that. I think, I think something like that’s going to happen. I think we’re going to see a breakthrough announcement. Then we go, holy, are you kidding me? They are actually going to be able to do this, you know, in 10 years or whatever. I think we already know it’s happening because I, I again we wrote this in the big bribe three years ago.

I think inside of 20 years there will be no more, there’ll be no more disease now. There’ll still be people getting sick, don’t get me wrong. But all major diseases will have been cured with genetic research. That’s inside of 20 years. That means we’re all going to live a lot longer. Which is another point that reader made. Rick Reeder said people are living longer. Healthcare for the wealthy, for the wealthy is getting better.

They find, they’re finding where ways to live longer. And the money just keeps building. And we know this massive ocean of liquidity is out there. You know, we also know that, you know again, millennials are inheriting, you know, when we wrote the big bribe, I believe that the figure we used was in millennials inheriting $70 trillion, folks. That’s up to $90 trillion now. All this M2 money supply, all this growth in the money out, that’s what’s happening. Because again, homes are appreciating, markets are appreciating all over the world and not just the US and so this, this pile of cash that the wealthy have, that first America and the first world is just, that’s driving all of this, right? And then to add to that, you got the innovation revolution, you know, and now we have the right president. I mean this is, this is very exciting.

[00:08:20]:
And so I think that’s really what, that’s becoming a more common message along that line. You know, I’m fairly active on X on Twitter X Although, you know, I’m so shadow banned now. And I know a lot of, you know, you know, you’ve experienced it. If you talk about the jab, if you talk about the pandemic, if you talk about. I think one of the biggies is the intelligence community, which I, I’m active on Twitter about, about that too. Because that’s the heart, that’s at the heart of this takeover attempt of the country of communism. Again, the, they, they, the, the, the, the, the deep state, if you will, intelligence community, that’s what they want. They they want us taken over by a communist system.

But to do that, you have to first destroy the economy, make people desperate, and then, you know, when people are desperate, that, you know, just, just, just, just make sure I’ve got some food for my family and, and I’ll comply. Right? And unfortunately, that’s happened over many parts of the world. Again, if it weren’t for Trump, we would be having. We’d be going through the same ordeals right now. But we’re not, are we? Even though there are Black Hawk helicopters in Chicago, which I, I love. And again, for the obvious reasons, because we got to get rid of this crime from this communist takeover attempt of our country. But online today, I put out a number of things. I’ll talk about a couple here this morning.

[00:09:35]:
But look, I’m an optimist by nature. I don’t think that’s any secret. It doesn’t mean we’re always bullish. If you know our track record, you know that’s absolutely not the case. I was one of the biggest beers out there starting in late 2006, early 2007, and I was at the time VRA and WMI, we’re doing events all over the world telling people, folks, we got a real problem in the housing market now. The Fed is hiking rate 17. 17 straight times. 17 straight times.

They hacked rates from 2004, 2006. Mortgage companies started going out of business. All the warning signs were there, and what were people doing? Leveraging, leveraging. Leveraging up, right, the old phrase, you could fog a mirror, you could get a home loan. And that was true. But it was the Fed that caused it. Let’s just be clear about this. It was the Fed that caused it.

We’d had this takeover attempt, you know, by, by Wall street and the big banks of America. And of course it worked, but of course, they get no blame for it. So, again, the power of propaganda right in our, in our major media. But. So this guy hit me up today and said, you know, you’re just so optimist. You’re just an optimist. You’re just a. You just was.

[00:10:40]:
What do you call me? You’re probably the optimist club. You know, you just always. Skies are always, always sunny and, you know, always blue, and there’s no. There’s never a care in the world. And that’s just not me. But anyway, yeah, I am extremely optimistic right now. I’ve said now for a long time, again, from the big bride, that we’ve had the worst two decades in American history. After nine, starting with 9 11.

I’ve had this debate with so many people. It’s not, no one’s won that debate. It’s me. I’ve won every. With a lot of people that thought I was exactly wrong. And then we start talking all the things we’ve gone through in the last two decades as Americans, as people, as human beings. There is no worse two decades. I’m talking about, you know, to get two decades together in American history.

So, yeah, we survived that. And if we can survive that, you know what we can survive anything. Any other country that went through what we went through in the last two decades. Rigged elections, plandemic again, 911 complete. If you say it’s an inside job, everyone thinks it means our own government did it. I don’t have those answers. I just know with absolute certainty there’s not even one fiber of my DNA that believes that the official story is true. It’s a lie.

[00:11:56]:
And everyone that’s looked at it knows it’s a lie. Anyway, Richard Gage, who we had speak at a couple of of our events back in the. I don’t like, 2008, 2009, about 9 11. And we had some. Everybody was blown away because most people hadn’t heard this stuff at that time. You know, 911 was still like. Everybody was like, still in like, shock stage, frankly, after, you know, five, six, seven years afterwards. And here we go, bringing in Richard Gay, architect.

You know, that really was the first guy that had the courage. These are scientists, architects are scientists. And he put together this group of architects and engineers that looked at 911 and said, no, no, no, that. What. There’s no way that official story explains what happened, how these buildings fell. And so I’ll never forget at our WMI NVRA events, the first one we did in San Diego, it was. It was a big, big event. It was like maybe six, 700 people.

And I brought Richard Gage on. I said, listen, I’m not, I don’t. I don’t have an opinion about what happened. Let me make this clear. But I have a lot of questions. I have a lot of questions. And so we’re going to bring this gentleman up and he’s going to educate you about what he’s found. And people were just stunned and.

[00:13:06]:
But there were people that were very pissed, you know, that were very upset by this. They thought it was an insult. And it may be due to the, you know, it was inappropriate and an insult to those that died that day. And as I’ve said many times, no, if I had, if I had a family member or a close friend, and I did know people that died on that day, I wasn’t in New York on that day, but if I had a family member that was killed on 9, 11, let’s say in New York City or at the Pentagon or in Shanksville, I would not stop until I knew what killed them. And so I think this is the best testament and the best way we can approach this is to get to the truth. Because that’s when all this, all this shift started, right? When the, when the state, deep state whatever, when they realized they could pull that over on the country. They’re like, we got away with that. We can get away with anything.

And then they did two wars that shouldn’t have happened again, weapons of mass destruction. Right? That nonsense, complete lie. How many? Not just the deaths from then, but think about all the, the cancers from people, the first responders that worked in New York. I mean, there are people still dying to this day because of that. That’s a massive number. It’s in the many tens of thousands. If you didn’t know that something very strange happened that day, My guess is at this point it was a directed energy weapon. That makes more sense than anything that technology exists because you just.

[00:14:37]:
And maybe a combination of, you know, explosives being planted, which is not an easy thing to do and not undetected. But point being, you know, I was that that happened. You know, again, the wars, then we had the financial crisis, housing crash to take over America, then we had Obama and Obamacare, the, the real strong attempt at communism taking over our country. This is all planned many, many years ago. And then of course, we had the rigged election, then the plandemic. So again, that’s the worst two decades right there. Now. Am I an optimist today? You bet your ass.

And I’d never apologize for that. First of all, I’ve asked so many people this question, it may be my favorite question to ask anybody is name who’s your favorite person? Who’s your favorite success story? And every single person that’s named, guess what? They had the common thread that connects them. They’re optimistic. Think of an ultra successful person that’s a pessimist and you can’t do it because they don’t exist now in today’s world with social media, everything. You’ve got a lot of influencers that have that. I don’t want to become them. You know, I want to. Who’s the best business builder? Who’s the best person to bring people Together, someone you want to emulate.

[00:15:54]:
That’s my idea of success. And they’re all optimists, so I’d never apologize for being an optimist. But again, I’m also not, you know, a Pollyanna. Right. If there’s something, you know me, you know that’s true, and you know it extremely well. Okay. But I think somebody else that you would say is, is like an eternal optimist is Rich Ross. Now, if you’re with us at the vra, you know his name very well because once a week we share Rich Ross’s research with you.

Rich Ross is the, the quantity. He’s the technical savant, the Rain man at Evercore, and he is extraordinarily good. Now, we haven’t always agreed with Rich, and by the way, Charles Payton started having on the show because I told Charles about Rich Ross. I said, this is a guy that you should get to know. And so he’s. Now, he actually is really, really good on TV too. But Rich is just. Does a great job at Evercore.

And again today we found out he, he is just as bullish as he’s ever been. Bottom line, he’s looking for a move higher of 11 into year end. Again, that’s not a new call from him. He’s had a 7, 400 target for this 500 into year end for some time now. Nvidia is, again, these are positions we have. Nvidia, he’s now targeting 270. So he keeps raising his target. All right, today it closed at 187, and we’re long from.

[00:17:17]:
What is it? 106. But that again, we have it as a 10 bagger. His target, I think it’s, that’s why he keeps raising it. Right, because he knows it’s too late. First, his target was like 190, you know, and it just keeps going up because it should, you know, largest company on the planet. And they’re just getting started. They are just getting started. This whole thing is just getting started.

But again, I think people call them an internal optimist because he’s been bullish for at least a couple of years now. Bitcoin, you know, he’s looking for a big move there. I, I don’t know if you put a target out. I haven’t. It’s not in this report. But I believe I’ve seen a target of like 150 to 170. You know, of course, our year in target is 200,000. And today, by the way, we got $600 away from a new all time high in bitcoin.

I mean it’s just, it was 109,000 what six days ago. And then when bitcoin runs, it’s like small caps they go. And I think that move is going to continue. Last trade here, 122, 5. So, so it backed off about. What is that? About about twelve hundred dollars. But again that’s, that’s nothing I would expect over the weekend we’ll have, I think we’ll have all time highs over the weekend. By the way, that means we’re going to top all time highs.

[00:18:22]:
124,436. And you know, I know that means we got to have a 70% move higher to hit our end of your target. Folks. We got three months to do that. In the world of bitcoin, that ain’t nothing. And again, we’re in the best quarter for bitcoin. As Tyler told us, average gain in the fourth quarter for Bitcoin is 57% over the last 10 years. It’s the best quarter and second quarter is the second best, like 33%.

So it’s far and away the best quarter. So best quarter for the markets, fourth quarter, best quarter for bitcoin, fourth quarter, best quarter for gold, silver and the miners, fourth quarter. And that’s why this is melt upville. That’s why everything’s going up together. Because again this is an inflationary boom. Any kind of true assets and everything, we’re talking about stocks, real estate, gold, silver, bitcoin. I mean these are assets that must be owned and that’s why they’re all going up together. Very unique time.

Very unique time. It is an everything bull market. But of course our job is to find the very best areas to be in without having to be a day trader. You know, a lot of these new tech companies and I get asked about these all the time. Hey, you see this kit? This kit? This Stock was at 40% yesterday, which we’d be buying that like never heard of it. I’ll add it to my list. We’ll start watching, you know, but our goal because again from 95 to 2000, the.com boom. What worked, and I remember pretty well what worked was holding your winners, buying the leader and then holding your winners.

[00:19:48]:
And I think that’s the approach. We do that well, you don’t have to keep jumping ship. Oh no, this is the new hot one. You know, I don’t ever want to be accused of being a weak hand. I want to be a strong hand like a diamond hand. I want to find the best companies and I just want to keep buying those. I think there’ll be people that make more money than us, but I think we’ll keep our hair and our sanity and we won’t have, you know, we won’t, we won’t have wrinkles all over her face from, from not sleeping because the markets are driving us crazy. We don’t be able to live our lives, put together a great portfolio and then let it do its thing because the market’s going to take care of the rest.

And, and that’s. That of course is where we are. But we are in that bull market and there’s, we’re so early, you know, we’re just so early in this bull market. By the way, today, in a normal time without a government shutdown, which is why I love this shutdown. If the government wasn’t shut down today, I’d be forced to talk to you about the BLS employment data which would have come out this morning before the open and praise Jesus that we don’t even have to talk about that today. It’s complete nonsense. It almost always is because it’s the BLS data collection process and dissemination. It’s not trust.

[00:20:59]:
To say it’s not trustworthy is an understatement and we all know that. And so it’s going to take some time to write that ship too, but it’s going to happen. It’ll happen with real time data like truflation. We’ve talked about them before and so we’ll have every second we’ll know exactly where inflation is. But the way we’re doing it now with the BLS is just, that’s a big government agency that frankly does need, we still need it just to manage the collection process and make sure we’re on top of all it. But it should probably be about one tenth the size that it is as far as employees. And it should all just be real time computer based algorithm gathering this data. We don’t need to be sending surveys to companies and then waiting for them to send them back, assuming they even do.

And then we find out three months later, oh, oh no, here’s the real number. After three revisions, that does you no good, right? As a matter of fact, it does more harm than good. And that’s why the Fed is so pathetic as well, because they still believe this. I don’t believe any of this data being released. I don’t believe any of it. I believe my own eyes and ears. I believe the stock market is a leading discounting mechanism and it’s telling us what’s about to happen. I believe that our leaders, the semis and housing are telling us what’s about to happen but by their share prices rising.

[00:22:11]:
This is the way it works. And so I don’t even listen to the other. It’s noise and it’s dangerous noise and, and perma bears and these nonsensical people talking heads on TV use it again to fear monger and it’s just, it does so much more harm than good. What matters most. Okay again, as big as a five year rush as 95 to 2000 was for me the innovation revolution is going to make it look like a fad of a bull market within as you know are you we think again GDP growth our official targets by June of next year, by the end of June 5% GDP growth. But I really believe it’s going to be. I think Rick Reeder’s right but I think we were the first to say it by year end. But I think again that’s becoming a more common message and it should.

This is how animal spirits build by the way. Right. This is what we’re getting all time high after all time high as people are starting to figure it out. Oh the media has been lying to me the whole time. Right. But as great as 952000 was, this is going to make it look like, like child play. And within two years, within two years GDP, GDP growth will surpass 8 to 10% and that may be on the low side. Within two years it could be one right.

With Trump’s one big beautiful bill kicking in next year. Now some has already kicked in of course but there’s a lot that has it yet. And again animal spirits are coming back now people are more confident. They realize we’re in the wild west pre market capitalism. These are all, these are all tells for people that have ears, you know and that want to make money and this. And so I think we’re going to have a rip roaring economy. I believe that the markets will double every three to four years and that’s going to stay in place for some time. So we’re staying locked in.

[00:23:49]:
It’s a generational bull market. Obscene levels of wealth creation are already taking place and will continue to take place. And again to the person that called me, he called me a part of the optimist club. I’ll just say this if you’re listening. The best way to profit from this bull market is to avoid the pessimist and avoid the perma bears. Keep Them out of your head space that’ll serve you very, very well. I mentioned a minute ago the semis and another leading group is the housing industry, of course. And I wrote this morning this is an area where, you know, we’re pretty well exposed.

Obviously we’re very long tech and the semis were very long gold and the miners and silver and of course bitcoin and a couple bitcoin plays. By the way, Gamestop today was down 6% on this warrant issue. Again, they have no analysts following them. So anytime it’s short, not a single one. So anytime the shorts want to come in and have some fun with this and they’re very active in this stock. It’s not hard to damage it. And you know, today they had their warrant issue that’ll show up in our brokerage accounts next week. You get to for every 10 shares of GameStop that you own, you’ll get one warrant exercisable for a year at $32.

[00:25:03]:
It’ll just show. It should pop up in your account. I was surprised it would in hours today, but I would think no later than Monday. Tuesday it should be in there. I may not have all the current data on that, but I know it’s already on X dividend date and it’s a special dividend. But again it was down today 6% and they own not. That’s one of the problems. They didn’t buy enough bitcoin.

You know, know they did a bond offering, a zero interest coupon offering for 1.5 billion to buy Bitcoin. They only bought 500 million of Bitcoin. Now they’re already up like 60, $70 million in it. But Ryan Cohen is moving very slow in this. I think it’s one of the reasons the stock has not performed all that well or at all really. But again, we do like it. But anyway, the point being very long tech and all these other groups just talked about, but we also have exposure to value stocks. We love housing here.

We like, we like not love, but we like energy. These are, these are trades for us primarily at this point, although we do have some long term, you know, energy positions as well. But with our leveraged ETF trading program, you know, these are not, we’re not meant to marry these. You know, we’re meant to trade these from one extreme to the other and that’s how we use the VR system to do that. But I really think that they’re so undervalued now, these value stocks. I think we’re going to see a really Serious catch up move. And I like these charts of XLE, the Energy ETF because everyone’s shitting on it. Oil’s down to 61 and you know, it looks like these companies should be in real trouble and they’re just not.

[00:26:25]:
They don’t, they don’t need oil, these big boys don’t need oil to be a lot higher. You know, they squeeze, they squeeze a lot of juice out of that turnip at any price it is. And then housing, you know, it’s one of our favorite themes. So I think, I think value is very interesting because you know, rising tide does lift all boats and these stocks have not performed and that’s how bull markets work. Like big bull markets like this, they move from one group to another. You have a rolling rotation and the, the money markets just go oh that, that sector is too cheap. You know, it hadn’t moved yet. Oh let’s jump in there.

And so then again the rising tide does lift all boats. So I think that we’re going to see a big move higher in these value stocks. And as much as I dislike bank stocks, I, I think they’ve got a big run ahead of them. I really do. I doubt that we’re going to be, take a position in maybe another fintech but not, you know, not traditional banking. But again value stock should do I think pretty well into probably through next year. What else today? All right, let’s get to the internals and get you on your way for a great weekend. I hope.

[00:27:30]:
Today the internals were solid. We had not quite 2 to 1 on advanced decline but 1.5 and 1.7 to 1 for NYC and Nasdaq. We had volume was very good today. 68.1% of volume day for Nasdaq, 67.9 for NYSE. Not barn burner but it’s a Friday. You know, we don’t buy on Fridays, we don’t sell on Mondays. That’s thanks to my mentor Ted Parsons. We never bought well, never strong word but we do our best not to buy anything on a Friday and then we don’t sell on Mondays.

That is, that’s, that’s, that has been a tried and true approach for a very long time and I think it’ll work here as well. And then the biggie Today we had 591 stocks hitting 52 week high to just 61, hitting a new 52 week low. This will continue to build again. It’s another of our indicators when we get to you know, 1400, 1500 new, new 52 week highs on a daily basis. We’ll get there when we get there. You know we’re going to be taking a look at taking some profits, maybe putting a hedge on. Right. But, but again today was 591.

[00:28:32]:
But it’s built, it’s building for fourth quarter. We’re going to see some pretty monster days for this particular reading. And our sector watch today we come out. Yeah, sector watch good, not great. Seven sectors finished higher. Four finished lower. Nothing really either way. Only one sec.

Only two sectors finished higher by more than 1%. Utilities and Healthcare. There’s really no, no damage done to the downside anywhere in our commodity watch today. Gold just keeps powering ahead. As I wrote this morning, as we’ve been talking about here as well. Yeah it’s, it’s overbought. It’s called extreme overbought on steroids. I shared the chart this morning in our letter and but still today it doesn’t care.

[00:29:12]:
It’s up 44 at 3912. Just, just barely below all time highs. I think it’ll hit 4,000. I think that’ll be a place for some profit taking again. Not that we’re going to be trading it. There’s as again we’re, we’re the very. You look at long term holders of gold in the dictionary and you see my picture at least you should because that’s been the case since 2003 and it’s just such a great asset class. But again this is a, I do think this is a dangerous time to add big positions in gold and the miners.

Okay. But again is the shakeout when we have it, Will it last a week? I hope so. I hope it’d be healthy number one. And then it gives a chance to really pile back into some other positions too. We are, we’re still looking at other positions that we want to add in this group because this bull market as with the other thing else we talked about is just getting started. Now. Silver today up 3.4% hit a high today of 48.32 which put it a buck 20 an ounce below an all time high. So it’s going to do it.

[00:30:10]:
It’s going to blow through the all time high 4950 and change going to blow through it. And silver’s got 100 on it. Okay. I don’t know exactly when it’s going to get there but silver’s got some catching up to. Although silver’s outperformed gold this year so maybe I’m completely wrong about that. But again, what’s interesting about that story, yes, it’s a precious metal, but it’s also an industrial metal. Again, look at copper, right? Today, copper back over $5 a pound, 5.08 a pound, up 2.6%. When you see copper and silver acting like this, not to mention platinum today up 3.7%, palladium up 1.7%.

I mean, this is happening throughout the commodity space. Some, some of these gains now are getting a little crazy. And again, that, that. Can that be inflationary? Sure, that that can be inflationary. And I’ve never said we’re not going to have any inflation. I said we’re going to have disinflation, we’ll have spikes of some inflation because the demand for these commodities is so going to be so overwhelming because the global economy is going to be doing so well. So, yeah, that’ll be something we have to keep an eye on. But again, the innovation revolution is going to take, you know, in productivity, innovation is going to take care of the rest of our inflation concerns.

But yeah, you see them doing like this. You know, the economy’s doing very well. That’s the takeaway from that in our oil today at a bounce up 21 cents a barrel. 60, 69 a barrel. We covered that a minute ago. And again, Bitcoin last trade, 122,000, 430. All right, folks, that’s it for the day. Hey, we always appreciate you listening.

[00:31:40]:
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