In today's episode, Tyler breaks down an action-packed day in the markets, spotlighting a dramatic turnaround from this morning’s futures trading to the strong rally into the close. He also gives a no-holds-barred analysis of President Trump’s headline-making speech at WEF in Davos, the Greenland deal framework, and what we see for the future of America. Tune into today's podcast to learn more!

Don’t look back because the market is closed. Good Wednesday afternoon, everyone. Tyler Herriage here with you for today’s VRA Investing podcast. Hope you all had a fantastic day out there today. We’ve got a very exciting podcast here for you today. What a turnaround it was from futures trading this morning into the close today. Really all around an exciting session here. But first and foremost, I want to let you know I’ll be on Warzone with Wayne Allen root tonight at 6:30pm Central Time.

So 7:30 Eastern you can find it just about everywhere out there. You find it on Wayne’s X or Twitter. You can also find it was one of the main links on Gateway Pundit or of course, Rumble as well. So thank you, Wayne, for having me on tonight. You know, pretty pumped the kind of day that we ended up being on for today because as of this morning, you know, it looked like it might have been kind of a rough day, a rough couple of days for the market. But that’s not how we finished here. You know, we’ve got a lot, like I said, a lot of great stuff to cover. Got some all time highs here for you today.

[00:01:29]:
Have some breaking news here for you today, you know, primarily on this new framework for a Greenland deal, which you likely have seen all over the headlines today. We’ll cover that and some more breaking news for some of our favorite names out there as well, especially for the innovation revolution. So stay tuned. You won’t want to miss this breaking news today. We’ve also got a little bit of a quick update here on inflation data as we’ll have PCI data coming out tomorrow or PCE data coming out tomorrow and a few updates on GDP growth as well. Some exciting stuff there. Then, of course, some great info here for you from our sectors and our commodity watch as well. So without further ado, let’s go ahead and jump right in to today’s podcast because like I said, an eventful day as Trump was speaking at the World Economic Forum today in Davos.

You know, if you’re a longtime listener, you know, we are not fans here of the WEF and their ilk, not fans of Klaus Schwab, which I’ll get to a little bit more. I won’t spend too much time on it today, but I have to spend a little bit of time on it here. So Trump’s speech this morning, if you haven’t caught it yet, I couldn’t recommend going back and watching it more. You know, the chatter online, they definitely have the globalist bot system for Social comments and things like that out in full force right now doing damage control because of how hard hitting this speech was. For anybody you’re seeing out there that is saying, you know, Finland’s speech was great, or Mark Carney of Canada’s speech was great. It’s pure cope compared to what we saw today from Trump. To say that Mark Carney’s speech yesterday is somehow in the same league or even the same orbit as Trump’s speech today is really, to put it lightly, it’s misinformation. This was a dissection of everything that the World Economic Forum stands for.

[00:03:58]:
The globalist institution that it is again founded by Klaus Schwab and just has been a think tank of the worst ideas in human history. You know, from the very base of it. The fundamentals of the World Economic Forum, their basic philosophy is completely flawed and most common sense people can see that. But that hasn’t stopped our world leaders, the so called elite, from jumping on board with all of their plans. You know, this is the institution that things like the Green New Scam came out of. Right? These are the people who said, you’ll own nothing and be happy and I’ll get to that more in a little bit as well. Um, but again, for anybody trying to say this was anything other than a fantastic, fantastic speech from Trump today is, is pure cope. Okay? After his speech, you know, it was Denmark’s president who came out and said, you know, this deal’s off the table, we’re not even going to talk to Trump.

And Trump basically said, you’re not who I want to talk to anyway. I’m going to talk to NATO. I’m going to talk to the Secretary General, Mark Rut. And just after, maybe a few hours after his speech, we got this release that a framework has been agreed upon for the US to acquire Greenland by peaceful means, right through again purchasing it, not by taking it. And you know, we can dive all in into the issues of that there as well. I won’t get too deep into it today why it’s such a national security asset for us here in the US and why NATO wants us to have it. It’s in their best interests as well. If you’ve caught any of the clips here, you know, I referenced Finland earlier and what their president had to say.

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So I believe it’s. Sorry, I think it’s a Denmark’s president. They have a Prime minister and it was Finland’s president who in the same speech, sitting in the same chair, was asked, can, can Europe defend itself without The United States. And he essentially said unequivocally, yes. And he went on to explain it a little bit on the same stage. Eleven minutes later, he was asked a similar question. And along those same. The same vein of, you know, can the EU really defend itself without the US and he was like, well, that’s.

I didn’t say that. You know, you got to go back and check the transcripts because I didn’t say that. You could literally look at the clips side by side. I mean, if these people had any idea what they were talking about, he would never show his face in public again. But that’s not who these people are, okay? They might as well be actors. They’re bought and paid for by institutions, by the globalist elites that, you know, the left loves to complain about. Billionaires. Unless it’s their billionaires who own the people.

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Like this. These aren’t great politicians. These aren’t great speakers. These aren’t great minds, okay? Plain and simple, they’re actors up there playing a part. And if they didn’t have double standards, they’d have no standards at all. It’s exactly what we’re seeing in this meeting today. So here’s what Trump had to say. Go ahead.

And if you haven’t seen it yet, this is, you know, I’ll summarize it here briefly, based on. Upon a very productive meeting that I’ve had with the Secretary General of NATO, Mark Rut, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic River. Regent. So again, it goes on to say that this is essential for the Golden Dome. It’s going to be a valuable resource. Really. Even in the speech, he didn’t even address the economic benefits to the United States because of it. He did talk about, you know, if they drilled for oil and gas there, it’d be fantastic.

You know, that’s exactly what the EU needs at this point. You know, if you’ve caught any of Secretary Treasury Scott Bessance pieces about it, you’re talking about Europe buying oil from India. Well, that oil was only refined in India and made its way there from Russia. So they’re literally financing a war against themselves. It’s the truth. Right? By shutting down many of their nuclear facilities in Germany and in France, they’ve enabled this power shortage that they have now. Why you would want to get off nuclear in order to support the Green new scam makes no sense. Because what could be greener most of the time than nuclear energy, right? Instead, they went for wind farms that don’t work.

[00:08:50]:
Trump addressed that fantastically as well, that, you know, China, they make these things, they don’t even use them. Okay. They’re scamming you. That’s all the evidence you need. They might have, you know, a couple of small farms out there to show you what they can do to try and sell you on it. It’s like a showroom floor is essentially what they have. They don’t use them. They’re burning coal.

Right. You know, solar. I, I could be in favor of solar if we can get the battery, you know, pro side of the equation figured out. Yoka’s solar technology has come a long way. And for anybody who says it doesn’t, I understand, but it’s a little bit, you might be thinking a little more emotionally than logically because the technology is getting there and it’s a viable source. Wind, on the other hand, not so much. But to figure out the solar part of the equation would be pretty incredible. But nuclear is really, you know, that’s the, the ultimate.

Okay, if you can start to figure out that in the cleanest ways possible. But just, you know, so is hilarious to watch the reactions to Trump’s speech to say today. And in the speech going back to the Greenland and Denmark comments, Trump said Denmark has been ungrateful and emphasized that NATO allies owe the US for being the only ones who pays it, pays its bills. No one else is contributing. Very few of them, if any, are contributing the amount that was agreed upon, which is like 2% of GDP. So after that framework came out, the, the true social post that I just shared with you, it was off to the races for our markets. You know, we had started to see a little bit of a midday lull. It looked like the NASDAQ even turned negative.

[00:10:41]:
Right. So it’s looking like, you know, hey, we’re getting back to what we saw yesterday from this market, which is that we might finish lower on the day today. Well, that turned it around completely. And again, you saw complete damage control from the left on this. You ever tuning into any financial media, they called it the taco trade, right? Because Trump, after the Greenland framework was announced, said he was going to lift tariffs that he announced going into effect, the 10% additional tariffs going into effect until we got a Greenland deal done. So they get the framework done. Success, right? Trump announces, well, we’ve started to agree to something. I’ll remove the tariffs.

And they call it the taco trade that Trump always chickens out. Well, they, they forget to mention he got what he wanted first and foremost, right? So they’re all smirking and laughing it up and just completely ignoring the fact that, hey, this was a complete success. Really. So, of course, we’ll see what happens here going forward. And this is one of my favorite things, and Trump has said something like this before, but I wanted to share it here because we talk about optimism so much here at the VRA because we’re eternal optimists. Okay? Not in a polyanish, Pollyanna ish kind of way that, you know, everything’s roses out there. But if you look at the most successful people in the world, they all share one thing in common. The most truly successful people in the world, they’re optimists.

Okay? You have to be an optimist. If you’re a pessimist, why do anything if everything’s going to fall apart one day and, you know, we’re just headed towards chaos and, you know, further fragmentization of the world? Why would you build anything at all? No, you have to be an optimist. So this is another, you know, great quote here from Trump, and especially during the Obama era, that’s really where this kind of mindset began, that your expectations are too high. You. You’ve been told that you should accept less for your families. That’s not what we do here in America. We fly in this country. Right? There’s a Dave Portnoy quote for you.

You’re not a huge fan there, but that is a hilarious one when he was betting on the airlines. After 2020, we fly in this country, but this is the message. We’ve tried to get across so much and why we’ve been so bullish on this market is these types of messages right here that Trump is here tonight with the opposite message. Your expectations are not big. Big enough. They’re not big enough. Right? It’s time to start expecting and demanding the best leadership in the world that is bold, dynamic, relentless, and fearless. I emphasize relentless there.

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It’s a great, great mantra from our good friend Wayne Allen Root again. I’ll be on his show tonight. I’ll have to get in to the power of relentless with him there. His fantastic book. But we are Americans. Ambition is our heritage. Greatness is our birthright. We need to expect more from our leaders.

Right? The Democrat Party, we need a strong Democrat Party for this country, but they’ve gone off the rails. They’re in shambles. We need them to come back to common sense, come back to the middle. We need rhinos to get out of the way. Right? We need a true Republican party that can stick together, that can unite behind this kind of a message, then that’s a firm reason why we believe it has been happening, it will continue to happen, and that our best days are ahead of us here in America, not behind us. Wow. I mean, you love days like today. We can see American dominance on the world stage.

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And we deserve that. We deserve no less than that. Right. It starts with us as individuals, but we have to hold our leadership accountable. And wow, aren’t we seeing that right now, though, that when you unleash the power of Americans who are, what we can really do. Okay, we just got the Latest look at GDP now for the fourth quarter from the Atlanta Fed. Okay. Coming in at 5.4% expected growth.

I’ll go ahead and share this one here in a second. But my main point behind it, okay, is that this is the power of the American individual, the American businessman and woman. This is the power that we have when you take the boot off our throats. When we get, you know, kind of the big three we’ve talked about with Trump tax cuts, we get deregulation, which is a huge win in this first year from Trump, 129 regulations cut for every one added, of course, tariffs, which should hopefully lead to less taxes as well and hopefully the abolishment of income taxes. When you have, you know, Saudi and other Middle east countries who essentially make fun of us for the level of taxation that we accept in this country, we fought wars for less taxes, Right. In this country, the Boston Tea Party, there’s like a 2% tax, but people are okay with paying 30 to 40% taxes. No way. Not anymore.

We’ve got to get that behind us. That money put in the power of the Americans pocketbook. That’s what makes a difference in this country. When they tax you, that they’re saying we can spend this money better than you can. That’s not the truth. That’s. We’ve seen it. Right.

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Another great piece from today that Trump said if we can get rid of 50% of. Of just the fraud. Right. I don’t even think he said fraud, waste and abuse. If we can get rid of 50% of the fraud in this country, we balance the deficit. That’s why every American should be in favor of Doge. But here’s a great example of why it’s our. My camera’s a lot here.

There we go again. 5.4% GDP is what’s expected now for Q4, a full quarter in advance of what we were looking at. But when you dive into the sub components here. Take a look at this. Government growth staying exactly the same. This is net exports, consumer spending, private markets, okay? Where we’re getting the growth from here, it’s exactly what we want to see. You know, if you go back again to the Biden and Obama era, especially the Obama era, when you were told you need to expect less for your family, your kids will never have it as good as you did, kind of mindset, and Obama saying, I’ll scroll down here a little bit so you can see this fully of what I’m talking about with the growth, the Obama era mindset. Before Trump was elected and Obama gave that speech that, you know, what, what magic wand are you going to wave to bring back jobs, to bring back the level of growth you’re talking about? Well, this is it.

Deregulation, tax cuts, tariffs. Add into that now, right? And overall a smaller government. Trump has already removed 270,000 bureaucratic roles from the government payroll. Okay, so this is purely private growth. Right? This is, this is the magic wand that Obama couldn’t seem to figure out. You know, these are smart people, some of them at least. They’re not all just actors, you know, but they, they in their minds. And again, their bad philosophy says that, all right, the world’s heading towards China, right? We’re going to have a top down government.

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We’ve just got to get in line with it and our lives will be fine. You know, American people, world, people of the world be damned. We’ve got to make sure we’re okay. That’s their mindset, right? They don’t understand that these things can be changed. They’re not written in stone. And when you unleash the power of American citizens, this is what we can have. You know, here’s a great Ayn Rand quote as well. Author of Atlas Shrugged or Foundation, you know, fantastic books, Atlas Shrugged, I read just after college and just loved it.

Right. If a businessman makes a mistake, he or she suffers the consequences. If a bureaucrat makes a mistake, you suffer the consequences. It’s so true. It’s why we have to get rid of this system of bureaucracy that we are in. Seeing 270,000 bureaucratic roles getting cut from the government is fantastic. And I think Trump said this as well. I might be misquoting him, but he said, you know, I hate to see people lose jobs, but, but in most cases when they go to the private sector, they’re getting a pay raise anyway.

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And this is a productive job versus a government job where you hire 10 people to do the job of one person. There’s so many of them out there. You know, I’ve got a. I won’t say any names or anything, but some friends who worked in the government and they would joke about how little work they did, you know, work from home. They’d watch movies all day, sit on the couch. Even when they went in the office, they would watch movies and in the office. Right. They were never getting any work done.

They’re like, I work one day a week, maybe, right? That’s where your taxpayer dollars are going to. It’s not what we want. But to kind of wrap up here on Trump’s speech today. Cause it was amazing. And I’ll come back to one topic on the World Economic Forum in a minute in our sector watch. So stay tuned. He also called out the rigging of the 2020 election. This is breaking news here.

Because he said soon there will be prosecutions. What we’ve known here for years, what we saw at the time, Right. Winning all of the swing states. I don’t think any president in the modern era has ever lost an election after winning all of those. But they went into blue states, whether it was through voting machines, mail in ballots, all kinds. I mean, it was, it was really almost too much fraud to track it all down in such a short period of time. You know, but to announce something like that on the world stage, that tried to indict him for saying that, they tried to go after and imprison him, imprison his family, imprison his allies for saying these kinds of things. This is a full circle redemption on a story like that.

To say it on their stage, under their lights, in front of their faces. This was a statement today. Again, I said this at the beginning. This is a dissection of everything that they stand for. And to say otherwise and to say someone like Mark Carney had a good speech is pure cope from them. You know, I wasn’t going to get into this, but I’ll say it here quickly. You know, Mark Carney tried to say a. Lucy’s quote.

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Okay, I know I probably butchered that name right now. The, you know, ancient author of the history of the Peloponnesian War try to use a quote saying that this world order is done for, that the strong do what they can and the weak suffer what they must. You know, saying that we’re living in a power of great. You’re living in a time of great power rivalry. And we’re done with that. We’re not going back to that. I think that this one more applies to his ilk. Okay.

The society that separates its scholars from its warriors will have its thinking done by cowards and it’s fighting by fools. We’re done with this. This is the world order that we’re done with. To people like that, that’s what I would have to say. I think it’s a fantastic quote. And, you know, we’ll get back to the era of scholar warriors. You know, they say it’s better to be a warrior in a garden than to be a gardener in a war. Now, I love gardening, but I also love the other aspect of it.

Right. We do live in some interesting times, good or bad. Now onto. Well, let’s see. Do I have any other notes here? You know, kind of final thoughts on his speech. We got over 1.2 million people off of food stamps. Again, going back to balancing the budget, there’s so much fraud in that as well. So if we can get rid of 50% of that fraud, we would have a balanced budget today.

We’d be able to cut more taxes, we’d be able to cut more regulation, cut corporate taxes so they can hire people as well. Okay? Those are the things that we need to do to unleash American exceptionalism. And I think we’re getting onto that path now. Very hopeful, very optimistic, as I said earlier. All right, so tomorrow, like I said, we’ll get PCE data back. I’m sure it’ll come in higher, right? Probably lower than they expect than, than, you know, the financial mainstream media expects, but higher than it really is. You can’t really trust these government numbers. But check this out.

Tyler Herriage [00:23:20]:
Show you how offsides, once again, Jay Powell is truflation data here, something we like to follow much more than the official government data. CPI all the way down to a 1.42%. This is disinflation area territory. Okay? And with the innovation revolution, which I’m going to cover tonight on Wayne show, so make sure to tune in. We’ll cover the innovation revolution, right? And how it leads to deflation. That’s. Innovation is inherently deflationary, okay? Think about the automobile and transportation. It’s the reason why, why you can eat oranges in the wintertime, right? Go back to the cotton gin, okay? People at the time, whether it was the automobile or that or any other innovation, you know, maybe the printing press even, it’s going to take away so many writers jobs.

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All right, well, think about all of the jobs it created, right? Innovation always creates more jobs than it destroys. But here’s PCE the Fed’s alleged favorite tool coming in expected or you know, now According to Truflation, 1.67%. That’s how offsides that the Federal Reserve is here they meet in just six days now, you know, like a 95% chance that they’re gonna stay paused here at 350 to 375 basis points. You know, they should absolutely be cutting rates here. They won’t, but that’s all right. We’re gonna keep on trucking ahead anyway here in that’s why we got to get rid of Jay Powell. And the Supreme Court just had hearings today on the potential for firing Lisa Cook. Absolutely.

They should be able to. Even though her mortgage fraud happened before, I don’t see how that really matters. Okay. Any of us, any regular American would be thrown in jail for that kind of mortgage fraud. Yet she’s allowed to serve on the Federal Reserve Board of Governors somehow. So, you know, it is what it is from that regard. But again, inflation much lower than they say it is here. The Fed continues to be offsides, which unfortunately affects the second America far more than it affects the wealthy.

So we’ll see what tomorrow’s numbers come in for. Stay tuned. We’ll be reporting on that here as well. All right, so I know I’ve been a little long winded on this intro but but let’s go ahead and jump into today’s market action where we had, you know, a pretty good rally out of the gate this morning. Midday lull and then a huge rally on the Greenland news. We finished slightly off of the highs of today, but man, we got just about all of yesterday’s losses and then some in most of our major, just about all of our major areas. Okay. As you’ll hear, we got some all time highs.

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The small caps led the way today. That’s been a group we’ve been majorly bullish on here. Up nearly 2% on the day and hit an all time high. The Dow Jones was Next there, up 1.2% on the day today about. Let’s see another day like today and we’re essentially at all time highs. We’re up 588 points on the Dow today, about another 600 points and we’re at an all time high. But if you’re a fan of the Dow theory here, here, then you’ll love what I’m about to say next. The transports did hit an all time high.

Oh, I do remember one factor I wanted to say here because I’m thinking about innovation, right. And full self Driving, which I do have a point on here in a second as well, is not just for consumer vehicles. It’s going to be for transports as well. You know, things like the Tesla semi drone deliveries, all kinds of different aspects are going to affect and benefit the, the transports. Okay. When we wrote the big Broad and we talked about the innovation revolution, that’s really what we were talking about was technological innovation like we’ve never seen before. And I want to point this out because we published that book and I believe it was either August or early September of 2022. That was before Chat GPT was released.

No one even really had an idea of what AI was at the time. Okay. But that’s what we were writing about then. I don’t know really anybody else out there who is as early on calling that trend as we were for the innovation revolution. Again before Chad GBT came out. Think about where we’ve come in the last three and a half years. I mean, I think if you had even told me three and a half years ago that this was going to be the case and what we’re seeing now was going to be happening, I don’t know if I would have believed, believed you at the time. It’s come even further than that.

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So that’s how much further we have to go. We’re going to see some incredible stuff over the next few years. Next up, the Nasdaq just below an all time high, but up nearly 1.2% on the day to day. And just what you want to see, the semis leading here today. The semis hitting an all time high. More than doubling, more than 2 to 1 outperformance. Up nearly 3% on the day to day, hitting an all time high. As we say you’re often new highs beget new highs.

Finally the S&P 500 up roughly the same 1.16% on the day to day, just below its all time high. But again you can’t really sell the narrative anymore that it’s only seven stocks, you know, leading this market higher because the mid caps hit an all time high. So you got the small caps, mid capsule, transports, semis all hitting all time highs. This is a market that is broadening, okay, this textbook bull market action that we’re seeing right now. And right on cue, I mean, do we just said this a couple of weeks ago? I might have said it on Friday’s podcast. I know Kip has said it as well, that the first pullback we get, you know, coming into the year, all the analysts were bullish but we said the first pullback we get, they’re going to run for the hills, they’re going to be selling positions. The fear and greed index hit a 50 today. It’ll be interesting to see what AI comes out with overnight tonight as well.

One other factor here we reference often back to the semis, exactly what you want to see. Semis, another 52 week high outperformance here. All from the April lows of last year. Again when you see a chart like this for the semis, you have to be long this market. Exactly what we want to see here. All right, so I said I would touch on some full self driving stuff. Some big news out for Tesla today as well is the U.S. insurer Lemonade.

[00:30:00]:
You know it’s a bit of a newer one if you haven’t heard of it, but they announced that for Tesla vehicles using full self driving they will see a 50% rate cut in ensuring their vehicles because the data has shown this far better than a human driver and reduced accidents here they said a car that sees three hundred and sixty degrees never gets drowsy and reacts in milliseconds simply can’t be compared to a human. So again another deflationary aspect, insurance costs coming down for cars. It almost makes it a no brainer to get a Tesla. If you’re going to be paying less in gas, right, you’re going to be paying less in insurance. Now you’re going to be able to text and drive work while you’re driving. You’re not even driving. The car is driving for you. These aren’t cars, they’re robots at the end of the day.

And I love that quote that I shared last week as well after I forget who it was, saw the latest version of Optimus and said within two to three years people won’t even remember that Tesla made cars. That’s how incredible this product is going to be. Again, we think this is early action here for tech for Tesla. Tesla is our number one pick here for the innovation revolution. All right, next up here, looking at our internals again the breadth expanding in this market we saw more advancing stocks than declining stocks. Over four to one positive on the nyse. Nearly two and a half to one positive on the NASDAQ as well. Upside volume for both the NYSE and the NASDAQ.

Just shy of 70% upside volume for both. Great numbers there. 52 week highs and lows, 7 to 1 positive on the NYSE, over 2 to 1 positive on the NASDAQ. Again exactly what we want to see from these internals. All right, quickly here. Our sectors on the day. Today we finished with all 11 sectors higher on the day to day. We were led by energy.

[00:32:00]:
We’ve seen some big moves in natural gas in the last couple of sessions. Energy up over 2.3% on the day, hitting an over all time high. Followed there by materials all time high. Healthcare not far away either. Industrials 210 of of a point away from all time highs as well. Now you know that instead of the real estate sector, we like the home builders instead. Now I’ll go ahead and say we did get stopped out of a position yesterday. When you’re trading leverage ETFs, you got to protect yourself on these things.

But the home builders had a good day today, up over two and a half percent. And here’s why I bring this up to come back as I said I would earlier to the World Economic Forum. Trump said in his speech today. And I love this, Trump said homes are built for people, not for corporations. And America will not become a nation of renters. Now, have you heard what I said there? That’s incredibly important. If you know the World Economic Forum again, this is an exact shot at their philosophies where they want, you know, by 2030 you’ll own nothing and be happy. The actual full quote there was from a 2016 World Economic Forum event where they said, welcome to 2030.

I own nothing, have no privacy and life has never been better. Tell me how that works. Please explain that one to me. Here’s their social posts. They got critiqued so much for. Okay, look at this. This is from Twitter. World Economic Forum post, you’ll own nothing and be happy.

[00:33:33]:
This is how the world could change by 2030. This is their version of what they want your future to be. And it’s what Trump is getting up there and saying, this is what’s not going to happen. We will not become a nation of renters. People will own their homes. We fly in this country, right? Love it, love the speech today. As you can tell, I’m pretty worked up about it here. So fantastic stuff today and love seeing the World Economic Forum getting put into their place.

All right, just want to make sure I don’t have anything else on that note. Good on our sectors there. Again, all 11 sectors higher on the day today. Finally here, our VRA commodity watch where we did see some more all time highs here today. Gold getting up at as high as the day to $4,890 an ounce. Now just above $4,800 an ounce gold miners did hit an all time high as well before pulling back into the close. Silver also now lower on the day. Today was just shy of, well, the all time high.

9577 now trading at $91.64 an ounce. And you know, it goes into so much tech that you know, you kind of want to see a pause in some way from this group because if it goes to 500, everything is going to be super expensive. Right. It’s industrial metal as well. So as much as we do, we’ve always recommended as long as I’ve been here anyway. Since 2003, Kip has recommended owning physical gold and silver. You know, we still remain long silver here, but it’s been an incredible run. You know, it’s now the world’s second largest asset class behind gold.

[00:35:19]:
Gold’s market cap 34 trillion. Silver topping 5 trillion on this most recent move. After that, you know, you’ve got Nvidia, Apple, Microsoft, Google, all not too far away. But it is silver and gold standing alone at the top and really gold light years away from everything else. Next up here, copper now trading at $5.79 an ounce. You know, this is one that we really have to remain bullish on here. Robert Friedland had a great quote from last week as well that we’re consuming 30 million tons of copper a year. Only 4 million tons are recycled from existing tech.

Right. To maintain 3% GDP growth, I mean, we’ve got to mine as much copper in the next 18 years as we mined in the last 10,000 years combined. You know, that’s a recipe here with, you know, the electrification of everything. New data centers, new power grid, all of those things. We’ve got to be able to produce copper as well. You know, it goes to all of the critical minerals that they’ve talked so much about, we’ve talked about here as well. Oil now lower on the day at $60.57 a barrel. And finally here for today, bitcoin is now higher on the day back above $90,000 of Bitcoin did dip below it today.

[00:36:42]:
Got down to 87,000. Now almost at 90,000 flat up 1.82% on the day to day. All right folks, that is all that we have time for here today. Please be sure to subscribe to receive our VA podcast every day at the. Excuse me. At the market close, you can sign up@vra letter.com, click the podcast link at the top and we’d love to have you with us. Thanks again for tuning in. Until next time.

We’ll see you back here tomorrow for the close.