In today’s episode, Kip dives headfirst into a whirlwind week on Wall Street, unpacking everything from the sudden market downturn triggered by news of Kevin Warsh’s potential appointment as Fed Chair, to lessons in smart portfolio management. You’ll hear Kip break down why diversification is king, explore the wild swings in gold, silver, and Bitcoin and explain why fear and greed are an investor’s greatest challenges. He shares insight on sentiment indicators, like the January barometer, and why this year could be one for the record books, despite a few bumps along the way. Kip also offers his take on geopolitical risks, including the situation around Iran, and gives practical trading advice about the best days to buy and sell. Plus, don’t miss his candid analysis of the potential impact of Kevin Warsh at the Fed, why Wall Street might be overreacting, and why certain market moves signal smart buying opportunities.Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Friday afternoon everyone. Kip Herriage here with the daily VRA Investing podcast. Hope you had a good day today. A lot to talk about today. Let’s get to it. Kevin Warsh, this is the new Fed chair. Assuming he’s going to make it through confirmation, we’ll talk about that a little bit.

Of course that’s what scared the market today. Kevin Hart, Hawk or hype? That will be our topic here in just a moment. Anything liquidity led got dumped today pretty bad. Semis, gold, silver miners. Bitcoin actually rallied on this and I think again, you know our thoughts on bitcoin. It’s a buy here. Last is just under 80, 84, 500 held, 81 was the low and of course that’s an important that 80,000 levels important technical support level. I think bitcoin’s gonna be just fine here.

[00:00:53]:
Love the fact that so many people have turned bearish on bitcoin and this is how bot. This is it. Have we, how, how many times do we see this, right? Everybody loves it, loves it, loves it, regardless of what it is. Just cannot get enough of it. Love it, love it, love it. You know, but then when the sell off happens, they don’t love it anymore. And that’s called weak hands versus strong hands. And you know a lot there are times where it makes sense to, to change your position.

Just bitcoin’s not one of those, that’s not one of those vehicles in our opinion. Again, that’s why we think of diversified portfolio is so important. When I hear somebody and I hear this a lot, I hear this an awful lot. Look, when I was younger I did this. It’s one of the main things I try to counsel people on. There is no good reason to go all in on anything. I mean I guess if you’ve got inside information and you think it’s a risk free trade or investment, anything get away with it. I mean look, we are in the wild west free market capitalism.

When’s the last time you saw anyone charged, prosecuted, convicted of inside of trading? You haven’t because it’s not happening anymore. Again, we are in the wild west of free market capitalism. Just use that information as you wish because that’s where we are. This is the roaring twenties. This is where we are in this day and age. And but again unless you’ve got great inside information, you know, I think that we’ve seen this time to don’t go all in on anything. It just makes your life more difficult it rarely works out. A diversified portfolio, not overly diversified, you know, 10, 15 positions.

[00:02:29]:
I think most can do that, if not five to seven, you know, and that way you still really feel the wins when they take place. But if you have a big loss, it doesn’t hurt quite as bad. Right. And it’s the emotional tie that you get when you go all in on something that doesn’t pan out. What else today? Oh, January, January barometer. Go ahead and tell you now to do away with the suspense. We were positive in January for every major index was was positive on the month. Each one more than 1% up.

Matter of fact small catch was 2000 up 5% on the month as Dollar just told me semis up 12% of the month. Again that’s our market leader. Gold miners as bad as today was GDX Gold miners shift up 9.8% of the month and the leader was XLE Energy ETF up 14 on the month. So there you have it, very good news because when January is positive, the rest of the year is positive 87 of the time. And that’s what we think is going to happen here. We still think it’s going to be a fantastic year. One of the best years we’ve had in decades is going to be 2026. It’s just, they’re just never straight up, you know.

And as you know, if you’ve been listening to us here and following us at vra, we started outlining about a week ago some of the risk that we saw and we did see some risk. We were overbought too. Overbought. That’s always, that’s typically a sign that we’re going to have a pause. Everybody gotten bullish. That’s rarely a good short term indicator. Matter of fact, the bank of America bull bear survey reached a level of 9. I think it was 9.6.

[00:04:13]:
It’s a 1 to 10 scale, reached 9.6. That is extremely robot and that’s actually been a very reliable sentiment indicator for some time. So you know, again this week just had a heavy vibe to it as I’ve been saying here and Tyler as well. And we had these other risks out there right that we’ve been talking about here. Iran, which remains a risk. We’ve got it. As Trump said, that now surrounds Iran. And every time I think about Iran, bomb, bomb, bomb, bomb Iran.

I mean I just know why it’s stuck in my head. But I, I, that’s why I don’t want to think about Iran very much. That song is super annoying. And, you know, hopefully nothing’s going to happen there. Honestly, I don’t know why it would. I mean, in Trump’s statement on Wednesday, I think this is through, through a truth social post, he made this statement that I just like, what, what are you talking about? Trump said that time is running out for Iran to reach a nuclear deal. Does anyone know about a nuclear deal? Didn’t we just bomb them so their facilities are out of business? I don’t know what that is. I think he’s looking, knowing Trump, the way we know Trump.

I think what he’s really talking about is he wants leverage. You know, he does want change in the country. He’s pretty big on that. Venezuela, Cuba, now in Iran. He wants change, he wants leadership change. And he certainly wants the killings to stop. I think that’s leverage. But, man, has he ever spent a bunch of capital, I mean, a lot of capital to get this armada of ships down there to surround and it is a surrounding country for nothing.

[00:05:49]:
So I think there are risks there. Who knows? What we know is that when Trump tends to take action, he takes it on the weekend. And again, that’s just one of the many reasons we don’t buy on Fridays. It’s not just just because we get to go to war over any weekend. I just learned this from my mentor, Ted Parsons, my first mentor, many years ago, not to buy on Fridays. And I just seen it play out so many times that that was a really good call. It’s not always a good call. There are times when, and today, today may have been one of those days.

Today the Dow Jones was down over 5 points at one point, only finished down 179. Nasdaq down what, 350, 380. Finished down 223. We might look at Monday and go, should have bought on Friday. Frankly, I kind of think we will think that was silver. And some things that we’re looking at in that space, I’ll save that for our very members come Monday morning. Actually, they already know what we’re looking at through a pre alert we’ve sent out today as with respect to silver. So we may look back and go, I should have bought on Monday midday.

But again, that’s just our policy. It’s not that we don’t ever buy on Fridays, it’s rare. We do do it from time to time, very rarely, though. Don’t buy on Fridays, don’t sell on Mondays. And that’s the one that’s really held up. I can’t think of a single time in my Career where I’ve sold on a Monday and be glad that I’d done it. At the same time, many of the best buys in my career had been from a sharply lower open on a Monday. So that’s, if I’m being honest, that’s what we’re hoping for.

[00:07:17]:
I don’t want to see people get killed. I don’t want to see you have, you know, a war breakout, anything like that. But I do hope Monday opens lower so we get a chance to put some new positions because what we want to do, we took some, raised some cash last week, sold three positions et at leverage ETFs and that was a good, that was a good move and now we’re, we’re looking to, to, to, to put some money back in the VR portfolio, put it to work in a bit, some different investments. But you know, again that’s the thing about a great trading market which is what this market is, I believe it’s going to be this year. You know, I, I think that, I think that we should be very careful about and make sure we keep our fear and greed in check. I cannot tell you how much. Yesterday morning I wanted to recommend a copper play for the Fiori portfolio. Everybody’s emailing about it.

They’re exactly right to do so. Copper looks fantastic on the charts, ready to go. And it sure like it was going to yesterday. It was up 10% yesterday, right. And I was like, I missed it. But I talked to Tyler before the open. Tyler’s like, Tyler’s always a voice for reason. Like you know what we have been telling everybody it’s extreme, we’re bottom steroids, not, not copper but all the rest of the metal space.

So maybe we just wait. I’m like, thank you. I don’t even know what I was thinking, you know. But it’s easy for me, even me to get caught up in the greed of it because gold was exploding higher, silver exploding higher, copper again, beautiful looking breakout. But you usually get this chance to act again if you can just keep your fear and greed in check. And again, I think it’s always a good idea to do that. I think this is going to be especially good time year to do it. I do think this year is going to be a semi parabolic but we’re also going to get these shakeouts because we always do.

[00:09:01]:
And the Kevin Warsh news is really what, what gave us that, that, that impetus today did not. I wrote this up this morning. I’ll just kind of paraphrase for you because I, I was surprised. I was surprised. You know, the, the news kind of broke last night. Somebody found out and started playing it on. One of the prediction, I think it was Poly Market. All of a sudden Poly Market just, you know, the odds of Kevin Warsh becoming vet here just skyrocketed.

So somebody knew last night. Again, there is no, there is no illegal trading. There is, there’s. You can’t do that on Poly Market. It. I don’t even think there are laws against that. Matter of fact, I know there aren’t. So again, it’s legal.

If you’ve got news on anything, apparently you can go to polymarket or Kalshi or there’s a lot of these prediction sites now, not betting prediction sites now, which are growing leaps and bounds. It’s a great investment. You can make it. The problem is there’s no pure play prediction company that is public. We’ve looked into this and there are some interesting ideas. Coinbase owns, owns one at least they are a major investor in a couple of these. But you know, again, that’s not a pure play. So the point being, you know, if you get good information on pretty much anything, if it’s, if it’s, if it’s a topic on any of these prediction markets, maybe you can create it yourself apparently go to town.

[00:10:26]:
I mean, I’m not, I’m not trying to encourage anyone to be a bad person. But, but this, there’s no laws on this. I mean this, you wouldn’t be. And that’s what happened last night with Kevin Wash. Maybe it was Kevin Warsh doing it somehow. I don’t think so. He seems like a pretty straight, narrow guy. Guy’s been around forever.

This guy clerked for Supreme Court justices or like worked at an early stage of his career with Supreme Court. Jason, I’ve done a bunch of things. Everybody knows him, but I was surprised because, you know, Rick Reeder had been the, the, the front runner of late. Before that it was Kevin Hassett, you know, but it was the two Kevin’s. And then all of a sudden reader just started skyrocketing and the markets, this is what happened today. The markets really, really like the idea of Rick Reeder blackrock beating the Fed chair. He’s a big easy money guy. He loves bitcoin, he loves gold and silver, he thinks rates should be a lot lower.

And people know this guy. He’s a big, he’s a big asset guy, you know, and so you could easily make the case that if it’s Rick Reeder, you know, mortgage your House, buy, buy, buy as many assets as you can because they’re all going higher. Well, we got a big wake up call today. I think that’s what happened. You got a little bit of a flush today because Kevin Warsh isn’t that guy. Now he’s known as a hawkish guy, but I tell you, I’ve gone through his record and there’s not a lot of evidence of that. That’s kind of how they’re pegging him, but there’s not a lot of evidence. Now the reason I think they’re saying that is there are times when he’s come out and been very against quantitative easing.

[00:12:04]:
Who hasn’t? They’re knocking him because in 2008, 2009, Kevin Warsh was one of the people that, that I listened to and I agreed with that said we should be very careful trading down this path because we start printing trillions of dollars, meaning the Federal Reserve and the government and then, you know, buying, buying our bonds. That’s quantitative easing. We start doing that. That’s a dangerous road to go down. Slippery slope and could, could lead to hyperinflation. Who didn’t think that right now Warsh was wrong? That didn’t happen. But think about all the dislocations that have happened. One of these days, you know, we’re going to have to pay the, we’re going to have to pay the piper for this.

I think we all know this. You know, these chickens are going to go home to roost. You, you can’t just have free money. And now we see that it’s very difficult. It, once the Fed’s balance sheet skyrockets to really get it down. Actually, Jay Powell, one of the things he has done that’s been decent is he’s gotten the Fed’s balance sheet down by a decent amount, but it’s still $7 trillion. You know, good luck getting that lower. Now look at Japan.

You know, again, they invented quantitative easing, starting it in 2001. They’re the original financial engineering of central bank. So all they do is make a semi effort to reduce, to use quantitative tightening and people get all an uproar. The rates start to skyrocket. Right. We’ve all seen that over the last couple of weeks. So I think it’s wrong to call Warsh a hawk because he didn’t agree with quantitative easing in 2008, 2009, and that’s a big reason that they’re doing it. He just doesn’t like the Fed having so much power.

[00:13:43]:
I like that about him, he believes the Fed should have a smaller balance sheet. I like that about him. He believes we should have monetary discipline at the Fed. I like that about him. The Fed’s losing $100 billion a year right now on their, on their QE program. $100 billion a year and they’re accountable to no one. Of course we saw this on Wednesday at J. Powell’s oppressor when you know, just like you swatting away a fly, you know, I got nothing for you on that.

I got nothing for you on that. How many times do you say that? Because he knows he’s account. They’re accountable to no one now at the same time, I think Warsh is going to be fine. And by the way, here’s the big takeaway. Here’s, here’s the big takeaway. This is, this is the primary takeaway that I have on Warsh. And it wouldn’t have mattered who Trump picked up as long you’ve heard me say this a bunch. As long as Trump and Scott Bessant treasure Secretary Scott Bessant, if they agree on something, I am with them a hundred out of 100 times over the mainstream media, the talking heads on financial TV or any Wall street pundit and any Wall street, you know, chief market strategist.

Right. If Trump and Besson are backing something just I’m my hands up. Oh, they’re both. I’m up. I’m in. I’m in. I don’t even have to know what it is. That’s how right that they’ve been.

[00:15:02]:
Bessant is, is remarkable. I can’t see it. And by the way, I’ve been checking his Twitter account all day. I just can’t get used to saying X. I’ve been checking his Twitter account all day. I’m, I’m going to check it again right now because I’ve yet to see a comment and he may have said, he may have had a spoken comment, but I’ve yet to see his on his Twitter account. I’ve yet to see anything today. Oh no, hold on.

He does have some new no nothing about Kevin Warsh today on his Twitter account. So but again, I can’t believe as a matter of fact I know it’s not possible as long as Trump has made taken to make this decision. There’s a 0% chance that Trump made this decision without Bessant support. Right? There’s just no way. Matter of fact, it was probably best since idea. So again, I think it’s gonna work out just fine. I think that the weekends today, the, the, the weekends. The, the hot money that sold silver and gold and the miners today, silver at one point was down 37% on the day, right? Now listen, but point being all these, all the weak money and that’s the dumb money, let’s be clear, that is the dumb money.

The way that they could not wait to, to, to, to, to get to, to get out of the barn, right, and to sell at the same time is a classic, classic buy indicator. It just is. Again, if it wasn’t Friday we’d been buying today. I think that will be a mistake. I think we won’t see silver’s lows again for a very long time. The load today by the way, just to give you a quick recap, Silver slow today was 73, 73 62. It’s 84.84 right now. Of course it hit a high of 117 from Tuesday.

[00:17:00]:
Wednesday or was it even. Maybe it was yesterday. I think it was Wednesday. Gold of course hit a high of 56.45 again Wednesday and is a 48.88 right now. Had a loaded at 4702. Again both of these have sold off of course silver far more than even gold has. But these are weak hands. Again I’m telling you that these are great buying opportunities.

But as we also told you to be clear, we started telling you on Monday that this entire group, Gold, silver and the miners were had hit our most overbought reading of extreme overbought on steroids. It’s kind of funny because we came up with that. That’s our, that’s our thing. That’s our name, right? In other words, don’t touch it. Don’t you notice. Do not buy anything that’s extreme overbought. When all of our momentum oscillators are lined up and they’re all extreme bought. We call it extreme orbital steroids.

That’s now on Grok. You can say what does EOS mean? And oh, it’s extreme or subtlety. Steroids, that’s what Kip Herridge called it, which I think is kind of cool. At least that’s what they said for me a couple weeks ago. So that’s kind of our thing. Not that it really matters but I thought I’d put it out there and anyway we just start telling you that Monday, Tuesday and just that’s when bad things happen, that’s all. And it’s just a very short term thing for us. Again the sell off today we’ll look at the indicators.

[00:18:21]:
All our Scans over the weekend. But you’re going to see all of these things with the sell off we had today just dramatically now moving from extreme verbot to. Yeah, it’s probably not going to adjust fully until Monday. But for example, silver, let me pull up. Yeah. Okay, here we go. Silver again, as overbought as it could be, right. Over the last week fell from.

Check this out. Dell from extremely bought on RSI a reading of 82. Okay. I mean that, that’s very overbought to 46 today. I mean you don’t see that a whole lot, right. Stochastics fell from, just call it, you know, mid-80s to 55 on the fast stochastic. So you know, it’s already starting to happen. We’re already getting a sell signal.

We got a one, this MACD moving average convergence divergence indicator. Okay. Went from a strong buy signal as overbought as could be though to a sell signal today. You just don’t see that often. And so again I think, I think, I think frankly I think the lows are in today. But we’ll wait and see it play out. We rarely, we rarely get the opportunity to, to go from extreme or bought in one day to the next day. Oh, it’s a buy now, right.

[00:19:53]:
So we like to let things shake out a little bit but typically you’re going to. It won’t go straight back up. These won’t. They don’t go straight back up. You’ll have a bit of a basing period, may even have a retest. I doubt it in silver, but it’s possible. And of course it’s the retest that’s the one you really want to buy. And if you did happen to buy it a little too high, then if we get a retest then you, that’s when you.

They’re very. I don’t like to, I don’t like to average down. Really. The smart money averages up, not down. But there are times that it makes sense and this is one of those times. We’ll cover all that with you in our letters. I’m not trying to confuse anybody here, but this is, this is, this, this is, this is the very system we’re talking about here. This is our bread and butter.

And you know, it’s just I, again, I restate this. The shakeout today was clearly the, the weekends and the hot money leaving. And if it’s over, Kevin Wash. And that is what it is. There’s no other reason for this group to sell off today. That’s going to be proven to be a really big mistake. Let me close on Kevin Warsh with this. Kevin Warsh has been known in years, he’s a Republican, has been known in years past as a rhino kind of guy.

[00:21:04]:
Mitt Romney kind of guys is what he’s been compared to. Rhino, right or wrong. That’s the analogy because he’s that, you know, he’s that he again, he’s a rhino. But that’s old Kevin Washington. I think he has changed. There’s a lot of evidence that he and Trump are pretty tight now. They go way back together. And Warsh.

And I’ve seen multiple interviews with him in statements where he doesn’t call it the Trump Economic Miracle. Again, that’s our, that’s our, our coding. I came up with that name writing my book Crash for Prosperity, Becoming Wealthy in the Age of Trump in 2016 when I predicted, wrote a book, predicted Trump would win and the market would soar. Of course, all that happened and I came up with that name then, the Trump economic miracle in 2016. And that’s what it is. Okay, clearly, it’s clearly happening now. It would have happened in his first term, but then we had the plandemic. Right, but war again, Trump and Bassett wouldn’t have selected him if he didn’t say what he’s been saying.

Here’s what he’s been saying. The AI boom, as he calls it again, it’s, we call it the innovation revolution because it’s about so much more than just AI. It’s so much broader, so much more important to last so much longer than just an AI boom. But he said the AI boom will create long term disinflation. Absolutely right. That’s been one of our big themes. That’s what, that’s what innovation does. Which will sharply bring down rates and produce lower rates, in his words.

[00:22:27]:
Exactly. That’s what he believes in. Trump obviously would not have picked him. There’s no way Trump picks this guy if, if, if Warsh is hawkish. That’s, that’s why it’s hilarious. It’s really hilarious. I think we got tds. I think we got another example of tds.

And the most guilty parties of this are Wall street money guys, hedge fund guys. They don’t like Trump. They see any movie makes as risky. They haven’t learned a thing. This is great news for us that are the actual smart money because trust me, I tell you, these TDS infected hedge fund guys and so called, you know, masters of the financial universe, they are not the smart money. They are the Dumb money. And we, we have the evidence of that, do we not? We have the evidence of that because they never beat the markets. I know some really bright people that are in the business.

I’m not anymore. I was, I know some really bad people that work at high power brokerage firms. I, I know, I know one guy that’s listening right now because he’s here with us every day. Ryan, how you doing? And others as well. Jeff, how are you doing? Bill? I mean we’ve got, I don’t now, I started. Now I don’t leave anybody out. Thank you for listening, all of you. But I know a lot of very smart money Wall street guys, but most of them aren’t on in New York and they’re not on Wall street and they don’t work at a hedge fund.

[00:23:49]:
Okay. Or if they do, you know, they have kind of a niche, niche approach to it and they’re not surrounded by groupthink and TDS infected, smarmy, elitist. Right. But we’re the smart money. And I’m telling you that these TDS infected people, and as I think about it, it’s without question, this is what’s happened today. They saw Kevin Wash, they hate Trump, they just hooked onto this hook, line and sinker that he’s a hawk and he’s not going to cut rates. And he was, all he’s going to be is another Jay Powell, like kind of guy. Who knows, he could be.

I don’t think so. Again, I do not think so. I think this guy is going to do what Trump wants to do, but he’s also going to have that air of independence. Yeah, the Fed should be independent. We shouldn’t have a Federal Reserve, but we do. Yes, it should be independent. And I say that because one of these days Trump is going to be president. Unfortunately, one of these days we’re probably going to have another Democrat president.

By the way, when that happens, if we have a Democrat president and it’s not the Democratic Party again, when we have a Democrat president in the future, I don’t think that’s going to be for some time, two, three cycles at least. But when that happens, if it’s someone like today, I think you already know what I’m going to say. Right. You will not be able to own enough gold and silver. Matter of fact, gold and silver might be going up today in part because it’s discounting the day that that happens because we’ll be on our way to Weimar Germany at that point and gold and silver will be on the I mean gold will be on its way to 30, 40, 50,000. Now silver, I mean a thousand fifteen hundred dollars an ounce, right? But that’s not today. Right now we see true price discovery. That’s why they’ve been going up and a lot of hot money obviously chasing it.

[00:25:34]:
But Warsh is not going to be a hawk. He’s just not going to be a hawk. He’s done too many interviews. I think he’d be laughed out of the room. Trump would fire him. I’m telling you, Trump would fire the guy if he reverses course and doesn’t do what he said probably in his 20 interviews to Trump about this. So by the way, one more thing that war said that I just, I mean I hear it and I just give him a golf clap right away. Economic growth does not cause inflation.

Thank you. I watch TV in the morning, Bloomberg, okay. Because again, I can’t watch cnbc and these economists that go on there, one after another after another after another say the same thing. Oh, but if the Trump economy is getting stronger, that means rates have got to go up. No, economic growth does not cause inflation. There is absolutely no evidence of that. So again, Warsh thinks like we do. I, I think this is a good pick.

Again, I’m surprised by it. Rick Rieder would have been a lot better for us in the short term. Yes, he would have marks, but maybe he wouldn’t have been for the long term, you know, and maybe he wouldn’t have had that independence needed at the Fed. Because look, the, this group, you know, is pretty powerful group. It is a banking cartel after all, the number one, the most powerful cartel on the planet. Thank you Gilbert Griffin for teaching me that many years ago. And so it’s important that war is accepted in his own community. So again, for all these reasons and more, again, I think today’s overreaction was laughable.

[00:27:02]:
Okay? Absolutely laughable. But he’s going to go in, I think also, you know, he’s, he’s been very critical of the Federal Reserve. I think he’s going to modernize it, which means clean it up. That’s what he, that’s what he’s talking about. And undo a lot of the damage that Jay Powell and his cronies have done. So yeah, this sell off is short lived. I, I don’t think Iran, I, I just don’t see it. Again, the armada is there.

I don’t see it. Maybe I’ll be surprised this weekend. I hope not. But, but if so, you know, if you’re with us here. Be ready, be ready. I’ll make sure I get an alert out early Monday morning so we’ll have time to act before the open because we will be taking aggressive action. We’re going to be doing that anyway. We’ve got a couple positions we are going to put on especially after today’s action.

So be ready for that early, early Monday morning. What else today? Oh, I got to talk about SpaceX and Tesla again. January barometer markets up 87 of the time again. I think we still got a melt up year in front of us. Just don’t want to make sure it’s nothing’s changed with that at all. We needed to sell off. We needed a bit of a washout. It could carry into next week.

[00:28:09]:
We’ll, we’ll see how, we’ll see how things look Sunday night and Monday morning before we, before we act. Y’ all probably have seen the news by now. Tesla is one of the few stocks up today by the way. Tesla finished up 3 1/2 percent. We have been up almost 5% of the day but sold off to the end. I don’t really know that. I do think they’re going to merge. I facts with factually I don’t think they’re going to.

I think this is probably, if I had to guess it’s I, I would love for them to. That’s my hope. I’d love it. We’ve been wanting on SpaceX forever. If you know me, you know that. But I think Trump and excuse me Musk and his team of bankers are probably using that as leverage trying to get better deal terms by their bankers on the IPO. That’s what I think because if that IPO of SpaceX doesn’t happen a lot of people aren’t going to get the billion dollars in bonuses they thought they were going to get. And so I think this is Musk saying do it on our terms or we’ll just merge the two companies.

We’ll just merge them. I wanted to anyway but it. So I, I don’t think it’s going to happen again. I would love for, I’d love for two. I don’t think it will. I still believe because Musk has said this so many times that Tesla shareholders are going to wind up with an interest in SpaceX. He said it’s right. He gives almost half to do it.

[00:29:26]:
I’ve said it so many times and I think he will. We’ll see what kind of form of an interest in SpaceX that comes in but I think that’s one of the reasons the stock didn’t do more today because I also, I’ll tell you if it’s official, the SpaceX is going to merge with Tesla. Look out. I mean the stock is gonna, is gonna really catch serious fire. All right, just FYI, the semis again up 12 for the month today. Down 3.4% on the day against semis led lower NASDAQ down nine tenths. Rust 2000 down one and a half percent. These are positions that we sold and we are, we are again looking to buy these back at some point.

My, the housing, same thing. Everything we sold is now cheaper, typically by a fair amount that we sold last week. And so it’s good to have some cash on hand and just be patient with your junior miners. By the way, in case I didn’t tell you this, GDX, the gold miner ETF is down 12% today. The junior miner ETF down 12 and a half percent. And so we had one down 18% today. So you know, the junior miners always overreact more than the, than their, than their senior companies do. But just know that that gives you a better buying opportunity.

And we use monthly dollar cost averaging in these. So we really don’t try to time this like, oh, it just felt today, should we buy it? We don’t really do that here. We believe in picking a day with our 10 baggers and that’s the day that you add your positions if you’re going to do it. That’s our approach. That’s what we’ve done for a long time. It’s worked incredibly well for us. All right. I do recommend highly, but if that’s not your approach, if you just need more, then yeah, buy them now because it won’t matter again.

[00:31:04]:
This is, this is the bull market of bull markets for this group. This group is going remarkably higher in the next two, three years and I think probably beyond that. Just remember when this group gets going, it runs for years. It runs for two, three years. We’re into year two now. I think this is going to be the biggest bull market this group has ever seen. And I again, I think the pullbacks and remember we’ve said this is a bitcoin like move higher in gold and silver. That’s what we said for some time.

If you remember when bitcoin went from 2000 to over a hundred thousand, right. Do you remember all the shakeouts it had, right? And they were just like, boop. Oh, you call it a store of value. How did it just fall from 40 to 20,000. You know what I mean? And so, you know, again, they, they’re not for the faint of heart, but they’re buying opportunities. And that’s what we’re seeing right now in this group. Just I could be wrong. I’m telling you.

It’s a high confidence call. And so that’s why I always think it’s a good idea. You know, take some profits, you get the opportunity. Something gets extreme or bought, you’re going to need it. You’re going to want to have the extra cash to put it back to work and other things. And that’s why having, whether with us or not, have your own trading system that looks at these momentum oscillators. Because when you see stochastics hit extreme overbought, stop buying. I mean this is not rocket science.

[00:32:29]:
And when you see the others, right, money flow, MACD and RFI REL strength, rsi. When you see them, when you see them catch up with stochastics also get extreme robot. Now our, our readings that we use are a little bit different. That’s proprietary. But this is, this is, again, it’s not really rocket science. But when they hit all hit extreme above at the same time, that top line, you know, it’s a good time to raise some cash. You know, you might, may not sell at the top. You probably won’t.

If you’re trying to catch the very, very top, then you’re a better person, better trader than I am because I’ve given up on trying to do it. We want to catch that middle 80, 80 to 90% is what we’d like to do. That’s, that’s, that’s our sweet spot, you know, and every now and then we catch 95, 98%. But just raise some cash there and it doesn’t matter what investment that you own. It really doesn’t matter. Now again, I’m not talking about our 10 baggers. We really don’t, we don’t trade those. Right.

We just add to those. But everything else, ETF wise, other stock wise, other growth stocks, that kind of thing, that, that is what we do there. Yeah, that even applies to Bitcoin. We traded that did really well over seven years. And gold’s a little harder if you hold it physically. You know, if you own some of the ETFs, it’s much, much easier to trade. So that’s gonna be your call. All right, let’s take a look under the hood today.

[00:33:51]:
Hey, are we having fun or what? I mean this, this is, this is a this is the most interesting and fun industry that I could ever imagine because there’s always something happening and if you like it, you stay pretty glued to it, right? And there’s nothing more fulfilling than getting some really good trades, seeing your net worth grow. And if you’re like in our business, financial, publishing, helping other people have success in this, I highly recommend it. And I know a lot of you by the way, probably should have your own newsletter. So you should go make that happen, right? Because you got. There’s a lot of talented people listening to me today and we’re just honored. A lot, a lot of you, a lot smarter than me. We’re honored that you’d be here and listening to us. Our internals today quickly.

These were not bad frankly. If with the day we had again data was down to 500 points at one point. Pretty good comeback in the close. Events decline minus one and a half, one and a half to one negative. Nasdaq a two to one negative. NYSE up down volume 64.1. Nasdaq down volume 65.3. And it was.

We had a few more stocks at a 52 low and 52 high. But frankly not not only about 70 of them. It’s not. This is not a big deal at all. Poke all ratio again closed lower than I thought it would. Only a 0.84. We would like to see that higher. Our sector watch today also not terrible.

[00:35:16]:
Seven lower four higher. Materials down one and a half percent. Tech down one point three to the upside. Consumer staples up one point three percent. Energy again led the month. Right up 14% of the month. Thank you, Tyler. Energy day up one percent in our commodity watch.

This is, this is where it’s ugly. Interesting at least gold today. Last trade 4911 down $443 on the day. Of course, you know, I’ve already seen it so many times. People hit me up. Well you, you sure got that call wrong. They cracked. They just crashed today.

Hahaha. You know. Well, okay, hold on now to be fair, I’ve owned gold since 350 and I’ve owned silver since 5 and right now they’re 4, 911 and 85. So. Okay, thank you for pointing out that I’m a loser. Right. But not a good day. Gold down 8.2%.

[00:36:10]:
Silver down 25.4%. Last trade again 85, 27 low on the day. 74 copper today. Glad I held off on the chart. We will be acting very soon. We’ve got a good looking copper play here and we’re going to let this shake out a little bit. I don’t think it’s an immediate buy because again we have a silver play we like a lot here just dramatically this kind of a dramatic floor gives you really good short term opportunities. Silver today down 3.7% not a big deal really at 5.97 a pound very soon be a great look if you’re a long term investor.

It’s great now okay let’s be honest about that. Be fair. Crude oil today up 31 cents a barrel 65.73 found the day again Bitcoin last trade 84,156. It held that 80,000 level. I think it’s going to and I think I think that people are buying here are going to be pretty happy with with that decision. All right folks that’s it for today. Hope you had a great day and even better night. Have a great weekend as well.

We’ll see you back here again Monday after the close.