In today's episode, Kip breaks down a range of critical market topics as we kick off the week. From analyzing short-term versus primary trends and navigating the complexities of leveraged ETFs, to dissecting the latest counter-trend market moves, Kip offers timely strategies for staying disciplined even amidst uncertainty. He dives into the major headlines moving the markets, including this week’s earnings from big tech names like Microsoft, Meta, Tesla, and Apple, while also explaining why the recent strength in small caps and the broadening out of the bull market are signs to watch. With a sharp eye on precious metals, Kip discusses why gold and silver are hitting extreme overbought levels, the importance of dollar-cost averaging for junior miners, and shares his long-term price targets. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Monday afternoon, everyone. Kip Herriage here with the daily VRA Investing podcast. Hope you had a good day today. Hope you all stay nice and warm and safe. Been pretty miserable all over the country. Even here in Sugar Land. We got down to the low 20s overnight.

Going to be a couple of days here and then it’s going to come back towards the end of the week. But again, I know folks living in the east coast and through middle part of the country where it’s been just brutal. Probably don’t want to hear 22 when you’re at a negative windshield, right? But anyway, stay safe, stay warm and make good decisions. I’ll leave it at that. Today we’ve got a lot to talk about. Going to do it fairly quickly. There’s a lot of, I think short term counter trend versus primary trend action taking place here. And it’s so important, it’s such an important topic to understand, especially when you’re trying to time the market.

[00:00:53]:
And that’s what we do here for a couple reasons. Number one, we use leverage ETFs. And with those suckers, if you’re wrong, even if you’re just wrong, let’s say you’re wrong and you miss, let’s say the market goes against you 5 to 7%, which is a normal correction, right? Normal pause, even. Not even a correction, a normal pause. Well, all of a sudden you’re looking at losses of close to 20%. If it’s seven, seven time three, you’re looking at 21 losses and a three time leveraged ETF. So yeah, getting these counter trend moves right is important. Even if you don’t use leverage ETFs.

Now, I would argue that you absolutely should, especially if you have a good market timing system and sector timing system which we have here. Even if you don’t understanding where the market is at any given time, being overbought, extreme overbought or in a buy zone is really important for your investor discipline. Because look, you know, like, I’m sure most of you, you know, we don’t, we don’t go all in. You know, I think, you know, the older you get, the more you realize it’s important to keep some money set aside for an opportunity. Or as you’re as like, for example, like gold and silver soaring right now, you know, maybe you want to, maybe, maybe you’ve got too much there. Maybe you want to lighten up a little bit and reallocate. I’m not recommending that by the way. But I’m just saying you get the point.

You get these big moves, especially like in the miners and maybe it’s time to reallocate some funds. Maybe it’s time to go a little cash and just wait a little bit. And so that helps us in these, in these, which still looks to me like a bit of heavy market again if you’re with us in VRA, you know, we sold three levers, got stopped out of three leveraged ETFs last week. Good gains, very, very solid gains. Just because it to me feels like a bit of a heavy market with what, as Tyler just said, some short term uncertainty. Let’s start there because we, I want to talk about earnings this week again. We’re going to spend a little time on precious metals miners which yes, are hit, have now hit extreme overbought on steroids. Doesn’t mean they should be sold.

[00:02:56]:
But I probably, I would not buy more gold and silver here just because that’s our discipline with our 10 Bagger Junior miners. We use monthly dollar cost averaging. So you know, whenever your time is up for the month to buy more, we just buy. That’s, that’s what we Recommend with our 10 baggers. So, you know, just try to guess when it’s a good time to buy them. Gonna talk about Jay Powell and the Fed again. Uncertainty because Jay Powell is the most political Fed chair of our times. If he can say anything to hurt Trump or hurt the markets, I think we have no doubt that this guy would do that.

Especially after going in and attending the Supreme Court hearing about Lisa Cook. Fed Governor Lisa Cook. Powell showed up to support her, which is an over the top political statement. Because what if she’s guilty? Why is Powell even there as he made a predetermined conclusion about her? If so, tell us, tell us what it is, Jay. So yeah, there’s uncertainty from the Fed this week. They’re not going to cut. Of course they should be. I’d love to hear, while we’re on the topic, Tyler and I just talked about this.

I would love, absolutely love to hear somebody, nobody will. I’d love to hear somebody ask Jay Powell again. They have a Tuesday, Wednesday FOMC meeting and then the statement and then the, the presser on Wednesday afternoon. I would love to hear somebody ask Jay Powell about truflation. If you’re with us here, even if you’re not, I’m sure you’ve heard about truflation. It’s an independent inflation reporting economic reporting service. It’s like the BLS Bureau of Labor Statistics, but it’s independent and they have completely thorough methodology for doing. They have thousands of inputs that are real time.

[00:04:39]:
So right now they’re showing inflation CPI at 1.2%. Remember the Fed’s at 2.7%. That’s a big chasm. Excuse me, That’s a very big chasm right there. And I’d love to hear someone ask Jay Powell, please explain to us why you don’t use a system like truflation, because they’ve been far more accurate than you. They’re showing we don’t have inflation. We have disinflation again, quarter over quarter, year over year, and they have again these thousands of inputs when everything that the BLS reports, that the Fed relies on, everything they report is stale. It’s all in the rearview mirror.

Their data collection is horrible. It’s very slow. It lags everything. I’d love to hear someone ask Jay. I doubt it will happen, but as Tyler said, you know, there should be other voices in these Fed meetings. These are all the people that are with the mainstream financial media and they don’t dare ask questions out of line because they’ll get bumped. They won’t be back in there again. You know, this guy on Bloomberg, Michael McKee, who is really, I think, a very, very good economist.

He’s Bloomberg’s economic expert. Even, even, even he, when he asks a question, it’s a little bit over the line. You can see Jay Powell react like, oh, here’s that son of a bitch again from Bloomberg asking me a question that he doesn’t, shouldn’t be asking me in front of all these people. What’s he doing? Trying to put me on the hot seat. Right. You can see it in pal’s eyes. And, and then of course, the, the Bloomberg fe. I watch Bloomberg, in case you couldn’t tell.

[00:06:20]:
For our new people. Welcome. Great having you here. I stopped watching CNBC in April. Well, let’s say it was first, second quarter of, of 2020 with the Plandemic after I was already sick because of the propaganda network for the plandemic number one. Okay, it was just unwatchable. They’re all in for Big Pharma, all in for the jabs. And, and then when Jim Cramer, you know, wrong way Jim Cramer, and he is, and he has been for a long time.

He sold out to the, to the globalist many, many years ago. And that was the death knell for his success in investing and his ability to be taken seriously as a financial journalist and a stock picker. He’s been, he’s had horrible runs since then. And that’s not me saying it, that’s everybody saying it. Okay? But Kramer, when he came out, I don’t know, sometimes in mid late 2020 and said, yes, and you know, he’s big, a big jab guy, big vaccine guy. He said the, the U.S. military and he was angry when he said it. The US Military should be used to forcibly vaccinate everybody in America that won’t take the jab.

Right? I mean, just completely lost his shit. Okay. So anyway, since then, I’ve completely boycott a cm. You see, I have not watched it a single minute of it. I don’t watch clips from it. Every now and then I read a piece because like, for example, there is a piece that as a matter of fact, online, not, not the, not, not television, but the online cnbc, CNBC Pro actually does some pretty, some decent work. Right? They put out a piece that actually today that I thought was, it was independent media they were quoting. Right? They didn’t come up with this.

[00:08:00]:
Making a point that AI, everyone thinks that the economy is growing because of AI, but it’s not. It’s going because it’s consumption. Because the economy, that tells you the economy is so strong. I’m going to write this up for tomorrow morning’s letter. I think it’s a very important piece because everybody’s so freaked out. What if we have a top in air? What? We have a problem. It’ll hurt the economy. No, it won’t.

Because consumption is so strong. Because the broad economy is, is, is, is very strong. We see that right in The Atlanta fed GDP now, which is what, 5.44% growth for the fourth quarter. And as you know, we think it’s going to be even stronger this year and into 2028. And after that, we were looking probably at 10% plus. Tyler’s been on me to, to raise our estimates. I, I, I, I can see things out a couple of years. Megatrends longer.

Right. But I do think this is, I think, I do think, I think Tyler’s right. I think, I think we get a megatrend of much higher growth just ahead of us. But anyway, so I, what was I talking about? I got off on the topic of CNBC and then I talked about the jabs and Jim Cramer. Goodness gracious. Kip. Hey, it’s Monday and it’s cold. Can I get away with that? I’ll figure it out in a minute.

[00:09:20]:
But I think the, the key to know where we are now is that I think this is a counter trend move that could have some weakness. I think we can have a period here. Let me, let me explain that a little more. We get earnings this week, right? Big tech begins to report this week. On Wednesday we get Microsoft, Meta and Tesla. And then Thursday Apple. Look, Tesla’s chart looks fantastic, right? But take a look at Microsoft’s chart. Take a look, look at Meta’s chart again as Tyler just told me, reminded me actually I didn’t know this.

Tyler catches all this stuff. Both Microsoft and Meta have just put in death crosses. That’s where the 50 day moving average crosses the 200 day moving average going down. That’s called a death cross. That’s not ideal frankly they don’t really hold up that a golden cross when it happens the other way. When the 50 day cross, the tuna day on the way up is, is fairly reliable. Matter of fact it depends you know what, what, what, what you’re looking at. But pretty damn reliable, right? It’s a buy signal far more than a death cross being a sell signal is the point I’m trying to make.

But these charts don’t look great. So you know we do have some uncertainty coming up, don’t we? Again there’s a chance that Microsoft and Meta could disappoint. Their stock patterns certainly indicate that that’s a possibility. Look at Apple, Apple’s been very, very weak now it was up 3% today. Okay. But again it’s been, it’s been going down since December, early December. So the, the Mag 7 have not been leading. But, and, and, but that’s, it’s a very good thing, is it not? Because that tells us the market’s been going up because it is broadening.

[00:11:04]:
I’ve seen great action small caps. We’ve seen great action really in you know, all of the unweighted indexes. Again Tyler covers more closely than I do but this broadening action taking place is, it is textbook full market action. So the key point here is what we’re talking about here. If we have a bit of a heavy market, it feels that way to me but I think it’s going to be short lived because we are still in a generational bull market. Again that’s the primary trend. That’s what our, that’s what our most, our focus is on. We’re only having this conversation because we do use leverage ETFs and because in our parabolic options program obviously you got to get options calls, right? Because the premiums kill you if you’re on the wrong side Right.

So that, that’s just it here. Here’s the other uncertainty. The semis were lower. Again, take not a lot, but as you know, the semis lead the market in both directions. The semis have been leading lower now for the last week. Okay, not by a lot. It’s not a trend change, but it is happening. And the Russ 2000 small caps, again, they’ve been leading, leading, leading.

Well, not anymore. They’re down again today. They’re down pretty big on Thursday and Friday last week, I’ll say in general. And so the sources of strength again, semis, small caps, bitcoin, again, these liquidity indicators, Bitcoin was down again today about 8, 10 of a percent. They’re not flashing buy signals and it’s just something to be aware of. Again, I got to state this one more time. I do not think we’re entering a period where we’re going to have a sharp sell off, but this could be a pause that hurts a little bit. You know, maybe as we saw last week, right, with the, with the Japanese government bonds, JGBs had the big, you know, 800 point sell off in the Dow last Tuesday that kind of started all this.

[00:12:51]:
That’s still hanging around. Although it looks like the Federal Reserve is going to step up and, and buy the yen and support it. Certainly they put that news out there and that right there, you know, is a source of strength. Right, for the yen. So but again, I think for those worried about that, I really don’t see, I do not see a black swan meltdown risk in the Japanese government bond market. I just don’t see it. You know, Scott Bassett, Treasury Secretary, put that out there last week, I think to change the conversation because everyone was talking about, oh, it’s Greenland, it’s terrorists, that’s what’s driving the market down. If we know one thing is that we’ve seen that movie before.

This market is not going down on tariff mania any longer. It might have a one day dip. And they’ve all almost always been buying opportunities. So Scott Bessant changed the conversation when he focused on the, the JGBS and the, and the again the, the yield increase taking place throughout the Japanese bond market. And it is real, of course it is happening. But they’re also normalizing rates. This is something they want to do. You know, they want to get away from their, their, their non stop QE program which by the way, they’re, they’re, they, they started it all, folks.

They started QE in 2001. They’re the original financial engineering guys when it comes to central bank financial engineering, quantitative easing, but now they’re trying some quantitative tightening. You know, again they’re the largest holders of equities, they’re the largest holders of Japanese bonds. That’s not the way this is supposed to work. So that is a black swan risk of significance. But again, I don’t think it’s now and here’s why. Take a look at the Japanese stock. Look at the Nikkei 225, the Nikkei Dow.

[00:14:41]:
I mean it’s a gorgeous looking chart. It’s like a percent and a half below all time highs and you know, equities are a leading indicator. So I think that the Japanese stock market would be an probably panic mode to a certain degree if there was a problem there. But again these are things that again add uncertainty. What else? Again, the Fed and oh, trueflation. If someone just, that’s what we’re talking about. If somebody would just come out and ask Jay Powell why is it the truflation so much more reliable and accurate than you are? But no one’s going to do that because, because they don’t let these, these, these, these, these reporters in the room. But still we know Jay Powell is political.

Again, we could have some uncertainty from the Fed meeting and the Fed statement is certainly from the pouch presser also. And this may be, I think of all of the things we just talked about, the, the things that could cause some downside. It’s, it’s Iran. It’s, it’s Iran and a government shutdown. But let’s talk about both of those. Okay? Because they’re, they’re fascinating topics. Even each, it, it just in, in above themselves. First, first of all with Iran, as Trump said last week, we’ve sent an armada to Iran and we have, you’ve all seen this, I’m sure.

I do find it interesting that the media is not really focused on this. We have all of these aircraft carriers and airplane, I mean it is, it is a military armada that is now, now essentially now situated around Iran and others are on their way. So I think within a couple days, based on what I’ve heard, they’re going to be in place. If the US wanted to do something, well, they’re, they’ll be ready. Now I have no idea. Do you? I don’t know. But if there’s news that something militarily is going to happen there, I think we all know what the market’s reaction is going to be. The reaction will be bad.

[00:16:41]:
But when bullets fly, stocks are a buy. That’s the distinction. It’s it. The, the, the run up to it would hit the market and then the actual attack or whatever it’s going to be that would be on that sell off would be the buying opportunity. But again, these are reasons that the market could be weak. And then the shutdown again, another interesting case study that most people don’t really understand the talk of a shutdown. Of course this is because Homeland Security that Democrats and some Republicans now are questioning whether Homeland Security should get their funding because of what’s happened in Minnesota. I mean this is just ridiculous.

It’s just utterly ridiculous. The hypocrisy knows no bounds with these people. When we have an illegal alien in this country that kills someone. And it’s happened a lot. It’s happened a lot with kids. It’s happened a lot with young people. Beautiful young girls had their lives stuffed out that have been raped, strangled, killed folks. We all know this.

If you just somewhat pay attention, if you’re not blind to reality, okay. But the media doesn’t cover it unless you’re watching Fox. They just don’t cover it. So most people are clueless because most people are sheeple. That’s why propaganda works, not us. Right? We are the smart money when it comes to all of these things. We pay attention to what really matters. That is the truth.

[00:18:08]:
So we’ve had two people now that have been killed in Minnesota. That’s not a good thing. But one was trying to run over a Department of Homeland Security guy and the other had a gun. Now I don’t stay glued to these stories. I’ve kind of just told you what I know about them. But I know that these people weren’t entirely innocent. And I know how I was raised. I was raised.

My parents told me if you ever get pulled over or a cop, just whenever a cop tells you to do something, you say yes sir and do it. They have guns. You don’t know them. There are a lot of cops that are control freaks and power. This is. They got into it because they get to carry a gun. That’s just reality. I’m not saying all of them.

I’m not saying even more than 5 or 10%. But there is that. You just don’t know what’s going on and why take a chance with your life? Do what they say when they say to do it. So maybe we have a whole generation of people that have been taught wrong. I don’t know. But again, we just have a couple of people that have just been Killed and everybody’s freaking out. Right? Where are these Republicans elected? They’re cucks. They’re complete cucks.

[00:19:24]:
Right. They’re uniparty cucks. And they don’t have the balls to come out and speak the truth to this. And so, again, the country, much of the country is left with an image that this is real and it’s horrible. And DHS is full of thugs. Right. And they got to get out of Minnesota. No, I think we know what’s really going on.

Minnesota. Right. This is all a cover story for the massive fraud that’s been taking place in Minnesota. But anyway, not to get off topic, but if we do have a shutdown. And again, the latest from Polymarket, I think I just saw 77% just for this podcast. 70. 77% probability that we will have a government shutdown. It’s the buildup to it.

It’s the negative media again, it’s the propaganda that would, could, could, could hit the market to some somewhat. So these are all things happening this week, right? And over the next couple of weeks, until we get past this period, the markets were coming off extreme. Not, not extreme or bought heavily. Overbought levels. Again, as I said a minute ago, it just feels a little heavy to me. It feels like there could be some downside here. And yes, that is why we’ve lightened up and raised some cash. But I’ll also say this.

[00:20:38]:
If none of those things happen and these earnings come out and the market keeps going up, I can promise you this, we will not, we will not leave this cash on the sidelines. We will be right back in the market as soon as our VRA system tells us it’s time to do it. Right. But again, that’s it. Uncertainty and things to pay attention to. That’s really the big story here. Put call ratio today did close at a point nine one. Again, Tyler catches all this and that’s elevated.

Right? So you do have people that are starting to buy more puts thinking like, like what I just said. The Vix is only 16. That’s, that’s, that’s, that’s, that’s very, very small. Again, this is kind of a, kind of an environment where we could have some downside risk here to the market. But again, I’ll stress this. It won’t last long. It won’t last long. We’re in the strongest months of the year.

We still are in a generational bull market driven by our Big Three. Again, for our new people, the Big Three, the Trump economic miracle. It’s very Real earnings are growing. The economy is in the process of soaring. That’s happening again. Consumption, the way it’s growing. The number one factor in gd, there’s four components of GDP growth and number one right now is consumption. Leading the way higher.

[00:21:57]:
That means people have money and they’re spending it well, we already knew that, didn’t we? Right into money supply. All time high, all time high. And in people that have cash, you know, in the money market. 7 training money markets. People have been scared for so long, they just, they, they’ve been very cash heavy. But now people are starting to see, wait a minute, things are looking pretty good, aren’t they? Hey, maybe this Trump stuff does work, right? And so money’s coming off the sidelines. And don’t forget one of the biggest ones, equity. Home equity, like depending on who you listen to, is between 37 to 40 trillion dollars all time high.

All right, Average home equity now is at 71% again coming out of the financial crisis. You know, that’s almost a generational kind of thing. You’ve got to learn how to be not afraid of. And by the way, these things typically happen once a generation, once every 30, 40 years. I just don’t know that we’re going to have another financial crisis in the next 20, 30 years. I just don’t see that. It’s not the cards. It’s not the cards.

Anyone that tells you it is, I’d love to have a debate with them because I’m telling you they will lose. There’s just no signs at all that we’re about to enter another period similar to the financial crisis whatsoever. But people have been so afraid that they started really taking care of their financial situation. That’s reflected in all of the data. Same thing with corporate America. Never been stronger. Debt to market cap at 50 now 53 year lows. We’ve been saying 50 years lows for three years.

[00:23:32]:
Now it’s three more years and again it’s just so much cash on the sidelines every, everywhere you look. That’s why these dips are so short lived. People are waking up the economy strong when they see a dip, they’re buying. So that’s why I think anything we’re going to experience here will be short lived. Okay, all right, let’s spend a minute on precious metals mind. I actually wrote this up fairly extensively this morning. Give you just a, just a taste of what I wrote this morning again. What a, what a move.

What, what, what an absolute move. Obviously gold and silver. Silver means silver’s gone parabolic gold. Gold has too. Right. But everybody’s now focused on what silver has done, which is unbelievable. Silver hit a high of 1. Was it 111 this morning? It’s right now 104.

So just off of it, still up 2 1/2% of the day. Gold hit a high of like 51, 40. It’s $100 below that now. Okay, again, this group is trading at extreme overbought on steroids. It’s our most overbought level of overbought. And so this, again, this is just a time where we kind of stop buying. But again, we are not sellers. To be very clear, we are not sellers.

[00:24:49]:
And of course, the Junior Miners have been red hot. They sold off a bit too. At one point today, GDX was up over 4%. It closed down on the day at one point. GDXJ, the junior miners also up 4 1/2% today, closed down 1.1%. Big reversals. Okay, so again, I think it’s just a, an indicator of. However bought this group is, profits taking is very common.

But again, as I wrote this morning, this is this move, if you’ve been for any period of time at all, you know what I’m going to say here, this move is just in sympathy and yes, it’s all for all the reasons we know. You know, it is because the dollar and global currency is being printed to oblivion. Yes, it is because we have a lot of debt all over the world. Yes, it is because central banks and governments are buying it hand over fist. Yes, it’s all of those reasons. But the reason not talked about enough, that is the underlying reason that these, both gold and silver are moving higher is the fact that the manipulation in this group stopped in 2021 and 2022. This group has been shorted for decades, illegally, criminally, matter of fact, they were found guilty. That’s the settlement 2021 by JP Morgan for $920 million.

Again, all the credit goes to GATA, the gold antitrust Action Committee, for their decades of amazing work getting to the truth on this and a lot of personal perils for themselves. All right? They went, they were put through the ringer. People tried to attack them and they were right the whole time. So finally, you know, JP Morgan, when they settled in 2021, take a look at the charts. Gold and silver bottom right after that. So I think that’s a big reason. And that tells us now we have, we now have for the first time in decades, right? We’re looking at a true Price discovery here, because gold and silver should have been, been these prices they’re at now one to two decades ago, maybe longer, but I think it’s safe to say at least a decade ago, maybe two decades ago, because that’s how manipulated the lower they’ve been. And why would they want to manipulate.

[00:27:06]:
Well, number one, they control the market, so why not do it and profit from it? But the government and the central banks, the banking cartel, they know. They knew then and they know now that when you have gold at 5, I used to say so many. It’s crazy. I just caught myself, I used to say it so many times over the years, right? If the, if the public saw gold at $5,000 an ounce and we’re there now, right. Just a kind of a weird moment here for me to tell you the truth, because this exact dollar amount that I used for so long, if the public sees gold at $5,000 now, so they’re going to realize something’s wrong, something’s breaking. And now here we are, because true price discovery is taking place. And again, these, these moves are just getting started. Again, our targets longer term.

By 2030, 2032, our $15,000 gold, $300 silver. Everyone’s asking the same question, Kip, don’t you think silver is going to run a lot more than gold? I think it’s a distinct possibility. I’m a gold bug. So I, you know, we, we, we’re, we’re about 60, 40 now where we are. Gold is silver in our buying. All right, because again, we, we buy, we buy it monthly. We save in gold here. And silver and the shortages of silver and the fact that silver goes in literally everything, like copper goes in literally everything.

Of course, when you talk about AI data centers, just an economy that’s growing and there’s big shortages of silver. So yeah, from an industrial application point of view, I can absolutely see silver going on a run that would make goals look small. We’ve kind of seen that of late, have we not? But I’ve been a gold bug my whole life. I doubt that I’m ever going to go below 60%, 40% gold to silver. But I would completely understand someone that says, you know what, I’m going to reverse that. I’m going to go 60% silver, 40% gold, or maybe more. I would understand that because that, that, that, that, that discussion makes a great deal of sense to me. Again, same thing with copper.

[00:29:12]:
We’re looking for some good copper investments right now. Look at chart of copper. Copper, I believe, is the Next commodity to run. Charlie’s fantastic. It’s a coiling right near all time highs. I think it’s ready to go if you got a great copper stock because it’s hard to find a leveraged ETF for just copper itself. These, not if you’re in London, not if you’re in Canada. But in the US they don’t trade here.

Some esoteric regulations here for that reason. But if you got a great copper stock you think we should know about, not a big cap. We like to find the small ones before they become big. Yeah, shoot it to us, let us know. I do think copper is about to go on a big run. But that’s how we view this group. It’s how we view this group for several years. Again, very long.

We’ve been long gold and Silver since 2003 group’s been very, very good to us. And again, just the key point here is it’s just getting started. Also, hats off to gold. Golf clap here. Gold has now surpassed the US Dollar as the largest global reserve currency. It’s always been real money. It’s always been the only real money. Again, silver is industrial as well.

[00:30:20]:
Gold has always been the only real money. I know a lot of people think silver. I mean, bitcoin is, you can certainly make that case. I understand that case. We like Bitcoin as well, but it’s gold now. It’s, it’s always been gold, at least for the time being. I think it’s going to be only gold. It’s just the, again, it’s, it’s the only real currency there is.

And I, as I wrote this morning, I don’t believe this will ever reverse. I don’t think in our lifetimes there will ever be another time where the US Dollar is the largest reserve asset on the planet. I think it will be gold. It is now and it will continue to be gold, which means these prices will continue to go up. As by the way, the US dollar continues to go lower. All right, I don’t see a period of hyperinflation. I don’t see that at all. Again, I think we’ve got an era of disinflation, even deflation in our future.

We’ve made that case with you for some time. We’ve been right to do that. I also don’t see again, hyperinflation. I don’t, I don’t see a meltdown in the US Dollar again. I wrote it this morning. The dollar we predicted forecasted that when Trump got one that the US Dollar would Would, would plummet. You know, that was our, that was our base call and it was right. The dollar’s down 12% from Trump’s inauguration from 110 to 97 do.

[00:31:39]:
I don’t think the dollar is going to have another year like it’s had over the last year and a quarter. I think the dollar is going to continue lower. That’s what Trump and doesn’t want to see happen. But I know again, precious metals aren’t soaring because of fears of hyperinflation or, or, or just a meltdown in the dollar. That’s just not, I don’t see it. It’s not the case. They’re going up for the other reasons we talked about. They, they are, you know, they’re reasons but they’re not at the top of the list.

Right. Okay. Let’s look under the hood today. Again kind of the same thing I talked about. Just, you know, we had a decent day today. Dow Jones today was up 313. Nasdaq was up 100. Nasdaq was up 200 points at 1 time.

So it lost half those gains. Again Rust 2000 finished negative today. Gains of half percent above Dow Jones SB 500 again. Again the semis were slightly lower again today as well. Again these are our leaders but the, the, the internals were you, you would hope to see better internals. So again it kind of fits with what we’re talking about here. We had slightly negative volume for both in, excuse me, advanced decline for both NYSE and nasdaq. Nothing big, just slightly.

[00:32:51]:
And we also had negative volume for Both NASDAQ and NYSE. NASDAQ 54% down volume. NYSE 51.7% volume. Again nothing big but again it kind of fits the, the trend we’re talking about here. We did however and again just very, very good broadening action here. And new 52 Kai’s the lows came in at 468 to just 118 sector wash today also strong 8 sectors higher. 3 finished lower. Communication services up 1.3%.

Not else happening there. Really no big losses to the downside at all. We covered commodities a minute ago. Let’s just cover current prices again here. Last trade. Gold 5043 about $100 again below its high of the day. Silver 103.89 about eight bucks below as high as of the day, up two and a half percent though. Copper today 590 down seven a pound, down seven tenths of a percent.

Crude oil today back down 24 cents a barrel at 60, 83 and Bitcoin hovering right at just over 88,000 in Bitcoin, the whole Japanese yen. Uh, when the gin rallies, which again could be happening here if the, if the, if the US is going to step in and support it. That has been historically short term negative for bitcoin, but not by long. And then it’s been a come and then it boomerangs back at you as a major buy signal. But short term negative, medium to long term, very positive again. We still like bitcoin here. Look, it’s just one of those times that gold and silver are having their day in the sun. That’s just the way it is.

[00:34:22]:
Bitcoin. You had yours per. You had yours for what, six, seven, eight years, right? We just switched horses right now. I think that’s why it’s so important not to load the vote in any one investment, no matter how good you think it is. And that’s why we’ve always loved the combination of owning gold, silver and bitcoin. It just made sense to us and it served us very well over the years. All right, folks, that’s it for the day. Hope you had a great day and even better night.

Stay warm, stay safe. We’ll see back here again tomorrow at after the close.