Welcome to the VRA Investing Podcast! In today’s episode, host Kip Herriage dives into a packed Wednesday—highlighting the latest market news fresh off Tesla’s earnings call, updates on Meta and Microsoft’s quarterly results, and a preview of next week’s earnings season, including an eagerly anticipated report from Apple. Kip Herriage breaks down the current landscape for leveraged ETFs, shares insights into the impact of the Fed’s recent meeting and Chairman Powell’s evasive Q&A, and explores the ongoing government shutdown drama and its historical effects on the markets. The episode also shines a spotlight on the incredible run in gold, silver, and the miners, examining both technical overbought conditions and why Kip Herriage believes we’re still at the beginning of a secular bull run in precious metals.

Don’t look back because the market is closed. Good Wednesday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. Gonna keep this a little short today. Running late today as well. We just got off the. The Tesla earnings call.

We’ll talk about that a little bit. And talk about also earnings. Today. We got from Meta and Microsoft after the close. And then, you know, next week, of course, is when it really gets fun. Or we get Apple tomorrow, by the way. And then next week, it really starts to kick off. So far, so good.

We’re looking at about 78% of companies reporting that are beating. I don’t have much more data than that. It’s so early at this point, kind of almost meaningless. But the earnings have been good. We expect that, of course, to continue. And that’s the driver. I mean, that’s the driver. It’s the big three we always talk about.

And this is the thing I have to remind myself, stay focused on, because, look, we use leverage ets, and we do not like being wrong. If you know us, you just know it drives. If you don’t know me, let me tell you something. And unfortunately, this is rubbing off on Tyler. Tyler used to be so easygoing and really very balanced, and now I’m afraid he’s turned into me. Oh, Sam. Sam was born me. So he’s got no chance.

But, you know, I don’t, like, lose. And we take what we do seriously. Again, what we recommend. That’s what we’re doing with our money. That’s our. That’s our VRA money is what we’re telling you to do with yours. And so if we recommend something, that means we own it. And.

And so, again, you know, I think that’s one of the reasons that we do that. We do beat the market. And then we do better than the most. Than most other firms, certainly most. Every wall. I think every Wall street firm really, is, because they’re not telling you what they’re doing. Their group think they. They got a table full of people.

And I’ve been in these meetings. I’ve been in these. At these tables, they get a table full of 10 people that run a fund or that are decision makers, and they’re. They’re forming consensus. They’re forming consensus. And if you want to really mess something up, try to get 10 people that really don’t have much in common except for the fact they work together and they’re thrown into this, you know, this hodgepodge environment, try to get them to come to a consensus and then make money from that, that is a loser mentality. It’s not possible. I.

In my opinion, it’s not possible. It’s just too difficult, really. So, you know, we got, we got me and Tyler now. Sam has joined us and Josh, of course. But, you know, for the decision making, it’s me. But it’s becoming more and more Tyler. We make joint decisions now. So, yeah, it’s something we’re aware of.

Even we have to be aware of it. The group thinks I’ve always been, I’ve never been an analysis paralysis guy. I’m the exact opposite of that. I’ve always subscribed. You know, we have the very system that keeps us honest, but I’ve always subscribed to the theory that the markets are often more times art than science. And so you just got to make a call. But again, we take what we do seriously and, and we’re doing with our own money. And so I think that’s a big reason that we’ve had success and I think we’ll continue to.

But these leveraged ETFs and options, our options program, parabolic, they drive me crazy. They drive me and then they drive me crazy because I’m constantly thinking about all of these things that enter into the equation. But again, it is more art than science. I’m not analysis prowess. I know kind of. I’m kind of conflicting my own self here. But I’m saying what our point is, is that it’s always online because we want to get it right. And I don’t like being on the wrong side.

[00:03:44]:
And so, you know, last week we sold three leveraged ETFs, got stopped out of them, but we sold, took good profits, right? And, you know, and now we’re waiting to get back in. The reason we sold was that we saw. We saw there could be some weakness coming up. And I’ll talk about that today as well. Matter of fact, that’s a good, that’s a good place to start here. Then I’ll talk about the Tesla earnings call and some other things. The, the. The Fed, the Fed meeting.

I’m going to save that for a minute because it’s so frustrating. This guy, Jay Powell and these Muppets, these Muppets that sit in the room with Jay Powell and let him get away with saying things that no one else would be allowed to get to get away with. His big takeaway today by, on all these tough political questions was, I got nothing for you on that. I got nothing for you. Hey, he said it, I don’t know, eight, ten times. I got nothing for you. Just like shoe fly. Don’t ask me those questions.

I got nothing for you. Why would I have to answer you? As Tyler said a minute ago, I’m independent. How dare you question my independence. I mean that’s exactly his mindset. And all the Muppets in the room, it’s a laughing stock. It’s like, it’s like the NFL not inducting Bill Belichick into the hall of Fame. They’re a joke. They’re a joke.

And that is these Muppets that pose as journalists and economists sitting in this room not even believing their questions, knowing that, okay, this is the question I’ve got to ask. Otherwise I won’t be at the cool kids club. And that’s what they all want to do. Most of these guys were nerds growing up and now they’ve got some fame and they, they think they’re on a ladder, they’re climbing and so they, they don’t dare rock the boat. If they do, then Powell shuts him down. He’s very good at shutting people down. Very passive aggressive guy. And anyway, I’ll come back to that in a minute.

First of all, why we took some profits last week, now we’re still 80 invested. 80 long by the way. But what about gold and silver today? Got can’t wait to cover that. I mean it’s just good, just go crazy Bill now just melt Upville. Right. Gold just within two hours went from across 5,400, then 5,500 up. What is that? 350 bucks in two days and gaining it as I, as I speak. So, so a lot of fun things.

Talk about. Let’s get going here. Update on near term risk. Market was basically flat today. Not much happened before or after the Fed meeting. Kind of a boring Fed meeting. But again, we’ll get to the q and A in a minute. Government shutdown, you know, I don’t.

Kalshi now has this at 73% chance. Okay. I think that’s pretty consistent with all of these. About that range, 70, 75. And if it’s going to happen, it’s capping Friday, Saturday, right? What do you think? The markets don’t seem to care. But again, we learned this last time, didn’t we? The thing is, every time in the past we’ve gone into having a shutdown, the markets have freaked out going into it. And if you remember the last shutdown, same thing happened. Market went down in advance of and Then once the shutdown happened that was like, you know, when bullets fly, stocks are buy markets went up for 40 days.

[00:07:07]:
It was parabolic. Right. So I think, I think you know that just happens. So it’s, it’s, it’s, it’s still in people’s minds. Oh that last time the market didn’t even, it didn’t impact it. So I kind of think, I think that’s where we are now. I really don’t see a shutdown as being a big risk here so I think we can start putting, putting that to aside. We still could get a late week sell off because the Iran thing again it’s not in the news but as Trump said we have, we have an armada surrounding Iran and I mean surrounding them and, but, but, but, but why would we attack? I mean I don’t, I don’t know because they’re killing their own people.

Are we really going to go do this, try to another ouster of a leader like in Venezuela? I don’t know but again there’s a lot of ships, lots of, a lot of planes there. So I think there is, there is risk to that and without question the markets would be impacted. But again when the bullets fly, stocks are a buy, missiles fly. That applies as well that, that’s historically been very, very much the case. And then the other big one really earnings, we got Meta and Microsoft today and you know we were concerned about both of those as you probably remember because the charts were horrible. Both these stocks had death crosses in the last recent weeks and months and both stocks were below the 200 day moving average. Mag 7 names that have not performed well even as the market has continued to go up because the market’s broadening. It’s very bullish.

Well after the earnings I won’t get into much detail but meta is up 7% on the news. Again good news for them. Microsoft is right now down, down 7% on the news. Capex of both companies is growing again we don’t really follow the, I don’t follow these companies anyway but that, that’s one of our concerns on that news. By the way futures are, let’s see here, they were mixed here just, just a minute ago. Right now futures for tomorrow. Dow Jones. Well dow Jones down 150.

Okay that was been weak here recently and NASDAQ’s down 28. So again I’ve been saying this market just feels a little heavy. To me it feels a little heavy but again I think any, any, any, I think any risk is, is a short term risk. But, but by that I mean that could be several days. And again, we, we don’t like being on the wrong side of these things. And leverage ETFs because you know you’re in leverage, you have say the market, say the market or an index sector goes down 5%, you’re looking at losses at 15%. I don’t like to give away my gains. Right.

That’s why you got to time these things just right. And that is why we rely on the very system and more art than science. The combination of that’s worked pretty well for us. As far as earnings next week, again, I think it’ll be very, very good. You know, we’re looking at full year 18 to 20. This is our estimate 18 to 20% earnings growth for the S P 500. And then as far as Jay Powell, let’s cover that now because okay, the Fed, as you probably know by now, left rates unchanged at a range of 3.5 to 3.75%. There were two dissents that both that wanted to cut rates today as Chris Waller and Trump’s friends Stephen Murren, who of course just recently been added to the Fed.

No real surprises there. And then we get again, other than that, boring. No real surprises. Okay. Nothing. Nothing we didn’t expect. And then the Q A started. Let me just give you some of these pal replies.

[00:10:30]:
First question about, first question was about the subpoena. Have you. Have you have. Has the Federal Reserve replied to the Department of Justice subpoena for more information on the reconstruction of the Fed building project? And this is the first time we heard Powell say I got nothing for you. So he practiced it. This is what he does again, passive aggressive. And these Muppets again just sit there in the room and just shake their head like okay, no problem. And there was no pushback.

Again, other questions came up that had a political tent. And into all of these, you know, are you going to stick around? You go stay on the. Because he has the option to stay on. Of course when his terms up in May. I got nothing for you. And this line, what advice do you have for the incoming Fed chair or future Fed chairs? Stay out of elected politics. This guy says stay out of elected politics. So is he telling us to only listen to the bureaucrats? Only talk to bureaucrats because unelected bureaucrats.

Because it sure seems like that’s what his he was implying there. And how par is that for the course? It’s exactly right. Ask about Lisa Cook. The the other question where he said I got nothing for you. He did say though we think the reason I went to the Supreme Court here for Lucy Cook, of course, that’s the, the Fed governor that Trump tried to fire has fired and you know, now it’s being appealed or whatever and it’s before the Supreme Court to see if Trump could even do this for a bureaucrat at this high level. And he said I attended not because I’m political. Right. That was the implication.

But because this is the most important case for the Federal Reserve in 100, what do you say? 115 years. Meaning since their founding in 1913. Jay Powell believes that the Lisa Cook is the most important Federal reserve case in 113 years. Are you kidding me? Because it questions their independence. Again, I’m independent. How dare you question my independence. Anybody else taking the woodshed? That’s, that’s our J pal. I don’t have much else for you besides that.

There really wasn’t much else to glean from it. I will say this. As Powell was speaking, gold got a bit. As Powell speaking silver got a bit. I mean these things are going parabolic here. Check this out. Last trade down all time high 5534 for gold up another 89 after. It’s what, 3% gains yesterday? Was it 3? It’s a 400.

400 bucks announced in a couple days. Right. Silver today was up 10%, up another three and a half percent now since Powell spoke also hitting an all time high broke 118 announced last trade here 117.75. So they’re right there at all time highs. And, and gold is, is going parabolic. It’s melt upville for gold. And, and again it’s the, it’s really the same thing we’ve been saying. I would just tell everybody, look, these are, these are trading at extreme over bottom steroids including the miners.

Right. That there’s no doubt about it. At the same time this is going to sound like equivocation, which I hate. I’m not telling you anything other than to continue to hold your gold and silver and your miners. I’m not implying at all you should sell. I’m saying if you have new money to put in, you should be aware of the fact that they’re trading at extreme overbought on steroids, our most overbought readings. And that is typically when bad things tend to happen. However, the other thing you got to know is that when, when a stock or an index or sector gets to extreme rebound on steroids and just keeps going, there is no more bullish sign than that.

[00:14:19]:
It’s the single most bullish technical analysis sign that there is. Any technical techno analyst worth his weight will tell you exactly that. Now I’ve learned this many years ago from my mentors and it’s held up very well. Well that’s what’s happening now, right? That’s what’s happening now. To gold and silver. The miners are lagging. I’m going to show this chart in the morning. The miners lagged a little bit.

They’re up 3% today. They’re lagging a little bit to gold. Junior miners are today we’re only up 2.3%. So again they’re lagging both silver and gold. But I’ll share this chart in the morning. One of our favorite charts of GDX to gold, right? The miners to gold relative strength. Because when the miners leading higher, you have to own this group. And of course they’re still leading higher means they’re almost parabolic.

However, they have over the last two, three days started to lag but they pulled out to a trend line supporting trend line which is, which has been with the next move higher has taken. So you know what’s going to happen next short term? I don’t know. I don’t know. I know that what the VRA system says is that again this is where, when bad things tend to happen, meaning a shakeout or a pause, what have you. But you know we’re long term here, okay, medium long term investors. If you don’t have a position, you have to buy now because this is the, this is closer, we’re much closer to the beginning of this bull market than the end. Anyone that’s I believe this to my core. Anyone that thinks they should take profits, invest a go in our, in our, in our miners, junior miners and invest.

I, I again I’m trying to go away from giving all of our picks out here. Anyone that takes profits in our junior miners or gold and silver is doing yourself a great disservice for what’s going to come in the next one, two, three years. And this, this, this could be, this could be a bit, this really could be a bitcoin like move higher like from 2017 to 2024 when Bitcoin just went crazy. Right. And, and gold and silver certainly in the miners are doing well, but nothing compared to what like bitcoin did over that seven year period. And I do think that it’s likely we’ve entered a period like that. And I think that selling here, unless you just need money short Term or unless you’re just a, you really like to short term trade things and that’s your discipline. Anybody else, you just want to keep buying these on dips because these things are going so much higher.

There’s a, because of, they manipulated the price of gold and silver lower for decades. They, they, there wasn’t. They, they didn’t build the number of new discovered. They didn’t spend the money to discover or to build or produce mines and develop new resources. That’s, they just didn’t do it. Not to the extent they would have had gold and silver been allowed to float higher to the prices it would have normally. I’ve said this so many times over the years, it’s a good time to say it again. Manipulation always fails in the end.

It always fails in the end. And when it does, there’s a price to be paid. We’re seeing the price to be paid now with respect to real money, gold and silver and of course where the leverage is the miners compared to fiat currency. We’re seeing that catch up now. We’re seeing the penance, the penance being paid right now for that. And that’s why this is so early. And again, the demand is now starting to heat up. People are starting to now buy gold again.

The app, the, the average global Investor has about 1% of their portfolio in gold and silver. Even less than silver actually and even less than that, even less than that in the miners. And so you know, again they’re, they’re coming in now and if investors only put another 2 to 3% of their portfolio in this group, this group doubles from here. That’s the math. And it’s just math. And so that’s what’s going to happen here. You know, it took basically 5000 years for gold to go effectively from 0 to 5000. I know the dollar hasn’t been around 5000 years but you know, you, you get the comparison here.

Basically taking five thousand years from gold to go to five thousand. I think the next move, the next five thousand dollar move could take place in a very compressed period of time. At this rate, 10,000 will happen by year end. This is what’s happening right now. And I think anybody calling a top here, I think you’re, I think you’re, you’re, you’re, you’re putting your reputation at stake. I really do. And I see a lot of top callers, okay, saying that, oh, this is almost over. This is, this is indicative of the top one, what’s his name? The, the big gold venture capital Guy and, and I know this guy somewhat.

Rick, I want to say Rick Reeder. Of course he’s not. He’s gonna be the new fetch here likely. Rick, Rick, Rick, Rick, Rick. It’ll come to me. I’m sure you’re out there going screaming his name. But you know, you, you know, most of you know I’m talking about, he said, he just said he sold a silver. This guy is owned silver since I first met him at New Orleans Investment Conference in 1998.

1999. And now after waiting all this time, being wrong, by the way, for a long time. And after waiting all this time, he’s now selling his silver to buy silver miners. No, no, no, no, no. Silver’s going a lot higher. Gold’s going a lot higher. This is the close to the beginning of this move. And I think this melt up bill action taking place now is, is telling us this, right? And I think before this ends we’re going to have a parabolic blow off top again like a bitcoin move higher.

So I think I made that point pretty clear. And again we. That’s been our view for a long time. By the way, again, our long term targets, 15,000 of gold, 300 silver. I think both of those targets will be low. Over, over, over a period of time. They will almost. They will be low.

Absolutely. They’ll be low. Unless the manipulators come back in again. In this world, anything’s possible, right? Right now the manipulators are out and they’re actually flipping to our side. So all is right with our world. If you’re a believer in precious metals and miners, the story just literally could not be stronger than it is for this group. All right, Wells, today I feel like I’m missing something. Let me pull up my letter from this morning.

There’s something else I wanted to talk about. As you know, we’re searching for a copper miner. Thank you. Got a couple good ideas from you guys and girls. Really appreciate that one that we really like this. This thing suits my fancy and I like it a lot. Thank you for that. I believe that was from art and.

[00:21:14]:
But we like copper again. It’s like this whole group, it’s overbought copper has worked off its extremely bought levels and love this copper story. We’ll be adding a copper miner, junior miner to the portfolio. I would think within two to four weeks. Again, we want to see how this plays out. See if we do get a shakeout again. I think any shakeouts could be a little violent. You know, when you Have a top in play short term but then it’ll be over.

Right. It’s really like we feel about the market. You know dips will be short lived. So we will be looking to go back into. We have some other leveraged ETFs we’re looking at by the way. Not just the ones we just sold by the way but, but you know, we do we, I think we’re going to have a really good year this year with the leveraged ETF trading strategy. Rust 2000 a day by the way was down again. Again I think that’s a group we want to own.

But again extreme robotic steroids, bad things happen. I think it’s what’s happening here. What else that’s about. Yields are a little higher today. Dot a dollar. That’s what I’m talking about. Okay. You know the dollar, if you pay attention to our dollar calls over the years, you know that we’ve, we’ve been pretty good at these calls.

Right. And it’s because the VRA system has played out so beautifully. That and the fact that again arth and science, you know we knew what Trump wanted. We knew from his first term Trump wanted a weaker dollar and he wants it a lot weaker. Well, yesterday he basically said that he thought, he thought the dollar action was great, meaning it’s going down, it’s fantastic. And today Treasury Secretary Scott Besson said no, we believe in a strong dollar policy. Of course then he added the however and so the dollar gained of it today the dollar is trading at extreme, at least it was yesterday. Extreme overbought, oversold on steroids.

And that’s been a very reliable counter trend indicator for the dollar. So again that, that could give some weakness potentially to gold. But listen, gold is not trading because higher, only because the dollar is going lower. There’s not that really, that’s not all that big of a relationship between the two and only most people think there is. There’s not, it’s like 58, 59% correlation between the dollar and gold. I mean it is, it does impact. We saw that yesterday. Right.

But the dollar does not have to keep going down for gold to go up. All right. This is a supply demand story. This is a investor investor story. Realizing they don’t own enough of this great asset or these great assets. And so that’s why this story continues. And of course the manipulation factor playing, playing a role as well. Again true price discovery and taking place here and it’s, it’s the most exciting thing that’s happened in this space.

In my lifetime. And so it’s, it’s great. It’s just fantastic being on this. I can tell you. We paid our dues, did we not? We paid our dues. We had about a 1012 year bear market. That was brutal. And so, you know, this is again not the time to sell, folks.

Rick, what is his name anyway? I think he made a mistake in selling a silver. That’s all I’ll say. But you know what, he’ll probably make more in the miners, so maybe, maybe his call will be right. Anyway, what else of the day? Let’s get right to the internals. Oh, Tesla. I knew I was. Something was spacing on me here. Okay, big cap, I’m going to cover it quickly here.

[00:24:33]:
There was a lot of minutiae cover today. Very good. Deep, deep kind of a drilling deep on some things like Optimus and production of it and of the robo taxi and how that’s playing out. Fantastic. By the way. By the way, this is, this is, this is kind of a sad moment for me, if I’m being honest. And I know several of you out there that also have a Tesla Model S or a Model Y. X.

X or S. Sorry, S or X? That’s. I have the Tesla Model S plaid, which is the most unbelievable piece of engineering and manufacturing that I’ve ever owned in my Life. I mean, 0 to 103 seconds. It gets your attention. It is crazy. You feel like you’re in an actual rocket. You have to put it on race on.

Race strip is what it’s called. Race Trip. You know, I’m talking about like you’re on a racetrack mode. Right. So they’re ending production this quarter. I believe we said this quarter. So I just got a new one. So I’m going to have one of the last Model S’s made.

And look, that’s going to be great for the value. I mean people are going to want this car. It’s an amazing car. But what they’re going to do instead, because again, they don’t sell a lot of these. I mean the Model Y and the inexpensive ones, that’s when they focus on kind of the cyber. The, the Model Y and the cyber car price, that’s what they. That’s where the volume is going to be. That musk doesn’t believe that people really own cars in 10 years, so why make expensive ones? Right.

I think he’s still going to do the Roadster, which is going to be another engineering marvel. Okay. I mean this is going to be a fun Car that’s going to be launched this year, I think April, he said, but instead they’ll use those manufacturing facilities for the S and X to build. Optimus is there a million units a year, you know, and Gen 3 is coming out in the next few. I think he said April there too. Very soon. A lot of stuff on optimums, I say earlier he said their, their Capex is going to be growing quite a bit this year because they’re going to be putting a lot of money into solar. Right.

The musk has of course always been a big believer in solar, he said. Solar in space, by the way. Also where they’re going to manufacture chips and I’m sorry, do AI, excuse me, data centers in space as well. And so a big capex year, the stock first rally, that news just at one point, the Stock is up four and a half, 5% to 450 was the high. And then when people started putting two of them together. Okay, so you mean you’re spending a lot more money. Capex is fantastic as long as it’s done correctly and used. Right.

The stock fell back, some finished up, is right now up one and a half percent at 437. So no, nothing great here on the day. A lot of information again on where the future is and that’s what we care about, right? Energy and these batteries. I mean, what they’re doing there, the growth is just unbelievable. They’re going to Invest this year 2. Over $2 billion in. In XAI. Right.

In. In. In Elon’s or I should say. Yeah, Elon’s not, not, not, not, not. Not Teslas and, and Elon’s AI company. AI Chip company xai. What’s good? I mean, shareholders, by the way, didn’t approve that partnership. So he’s going to go around them and just make an investment into it.

It’s his company, you can see, do what he wants to. He’s proved that many times. Optimus Gen 3 again coming out soon. They’re going to be everywhere again selling to the public by the end of next year. Very exciting there. This is interesting too. They now have 500 unsupervised vehicles, you know, robo taxis. And there’s also some, some wives in this fleet.

500 on the road now in Austin and the Bay Area is that it’s doubling every month. This is a game changer. Everyone that’s looked into it knows it’s a game changer. Everyone’s looked into it knows that Uber Lyft and Waymo are in Real trouble. Waymo. Waymo is going to be bye bye soon, won’t be long. I mean Google’s got endless money so who knows they’ll keep supporting it. They got partnerships and I’m sure they’ll try to, they just can’t keep up when you use lidar like they do.

[00:28:58]:
And you have to spend billions of dollars putting these LiDAR towers up all over to is basically to entrap, you know, the vehicles. So they work in this range, in this, in this closed in area. Right. And when your vehicle cost a couple of hundred grand versus these model Y’s and get down to 25 grand here soon, okay, 30 now they just can’t keep up. And of course we’re looking at, you know, we’re looking at charges to, to take a, a Cyber Cab or a Robotaxi looking at FEES that are 20 to 25% of the total cost in taking an Uber or a Lyft. And I think about the same for the Waymo. So again they, they can’t compete and that’s just, that’s I, I, I think a good strategy would be to, to short Uber, short live pick your, pick one or the other maybe and, and, and buy, and buy Tesla. I think that that’d be a pretty good head strategy right there.

That make you a lot of money going forward. Also the AI on AI chips the new they’re going to build their own chip fab apparently, I mean super expensive again that’s when the markets kind of started hitting a little bit going hey, you really are going to spend a lot of money over the next year, aren’t you? But they got 44 billion in cash and so they’re, they’ll find a way to make that hold up I’m sure. There was no news on SpaceX that I heard. I had to step away for a minute. Again, what we’re all holding, hoping as Tesla shareholders is that we’re going to get a piece of the SpaceX deal one way or the other. My preference is that we’ll be given the ability to buy private SpaceX years before they go public again at a much lower price. Once you buy it after it’s public, it’s already, you know, even being priced at a trillion dollar market cap which over that the shares are still going to pop. You won’t be able to buy it cheap.

I believe Tesla, because he’s always promised, he’s always said this in the past, Tesla shareholders will get priority. They will own SpaceX here because that’s only right I mean these companies are being built with each other’s technologies. It is, he’s right. It is right. And he said it many times I believe and I think he is going to say this. I wanted to happen as a Christmas present. As you may remember, it didn’t happen. But instead I think it’s got to happen soon.

I think it definitely has to happen obviously before the, the IPO, SpaceX and I think the sooner the better. But when that happens, and I believe it will, Tesla’s share price is going to go crazy. Every Tesla shareholder, there’ll be a, there’ll be an ex dividend date, right? Like he’ll say you have to own Tesla by this date and it might just be a week away, you know, or it might be the, the date from when he announces it. You have to own Tesla today, right? Either way going to cause a big lift in Tesla’s share price. There are just so many reasons to own this stock as you know, unless you’re brand new, if you are welcome, it’s our number one stock to own for the innovation revolution. And again, very, very, very in depth earnings call. I thought today Musk was a little subdued today, but then I realized okay, he’s in thinking mode. He wasn’t in marketing mode.

You know, he wasn’t in I’m trying to sell you something mode, which he can be, does pretty good at that by the way. No, he was in thinking mode and he was in let’s do a deep dive mode. Right. So that’s the kind of of call that it was today. All right. Under the hood today again. Internals were not great today again. Market just feels a little heavy here again.

I kind of want to shake out, frankly. You can kind of catch my drift here so we can put some money back to work. I don’t like buying higher when we can hopefully buy lower. Advanced climb today, Both negative for NYC and NASDAQ. 1 1/2 to 1 negative. NYC 2 to 1 negative for NASDAQ. Been a while since we’ve seen that frankly. Volume was flat on NASDAQ and 58.2% negative on NYSE.

[00:33:02]:
However we did have this is impressive. 533 stocks 150 week high to just 191 hitting a new 52 we low sectors. I’ll go quickly here. 4 higher, 7 lower. Not much, not much to tell on any side. Tell you the truth, nothing down or up more than 1%. Commodity watch. We can already cover that.

Let’s give you the current prices. How about that? All Right. What’s going on your screen? All right, one second. Reloading here. Last trade commodities here. Gold. 55. Oh yeah, 55.

No sorry, 55. 26 up 186. That’s 24 hours silver now. Last trade. 117.66 again. What is that, 13 in a day. Gold up what 8, 9%. I begin again.

These are melted ville moves copper a day basically flat $6 a pound. Just over $6 a pound. Crude oil today up 34 cents a barrel. 63.55. And finally Bitcoin really been flatlining here. Ed Yardeni had a piece out last night where he said look, a weak dollar is, is not good for bitcoin because global investors that impacts them. He said you got a lot of people that are flipping to gold. A lot of people traders that are just tired of sitting this, watching it.

[00:34:24]:
And I just, I would just say to that selling here is a mistake. Now if you just have to sell to buy something that you think is going to go up immediately, then that’s your call. We’re not doing that. We’re continuing to own and, and add to our bitcoin positions. And I think that again, best supplied admin story of all time. They, they, they only have just over a million left of bitcoin to mine the, the buy. The institutional buying continues to come in and so you know, look, nothing goes parabolic for forever and it is gold and silver’s time. And as I said I’ll wrap on this note.

I’ve said this many times, this podcast. I never liked the very large number of bitcoin investors that called gold hold. Again, we only recommend both but they still call me idiots and a for owning gold and silver. I mean this is karma folks. This is. The investing gods don’t like braggadocio. They don’t like. I’m telling you, at least in my life with my experience, whenever I get really cocky and start bragging about something I’ve learned, I’m about to have a bad few days to few weeks, maybe longer.

We have a rule in the Heritage family that if you say something and it sounds like you’re bragging, there’s a five second rule to catch yourself and apologize to. To the gods, little G. To the universe, right. To the betting gods, investing gods. You know we’re all, we’re all, we’re all retrobates here. You know we, we love to gamble and love to invest. Anything that’s got action, we’re going to take it. I think, I think it makes life more fun.

Put myself through college partially by gambling. And, and, and so it’s. It’s something that I’ve always had a passion. Blackjack. Don’t give me near blackjack table. Although I won’t go to Vegas anymore. I’m just done with Vegas. They changed all the betting rules.

There’s a different vibe there. I just. I’ve stopped. I’ve stopped. I will not go back to Vegas again and gamble. You know, I’ll go and have some fun, see some shows, go see some good meals, see some friends for sure, but not for gambling. But again, I think that the investing gods, the betting gods, don’t, don’t, don’t be a braggart because it, it just. It doesn’t.

Some people can get away with it. I. I never could. I never could. Okay, folks, that’s it for the day. Hope you had a great day and even better night. We’ll see you back here tomorrow after the close.