In today's episode, Tyler breaks down a whirlwind day on Wall Street, where the market may have looked shaky for most of the session, but a powerful smart-money rally into the close and a burst of breaking news set the stage for a potentially explosive Friday. He also explains why the VRA remains aggressively bullish on equities. Tune into today's podcast to learn more

Don’t look back because the market is closed. Good Thursday afternoon everyone. Tyler Herriage here with you for today’s VRA Investing podcast. Hope you all had a great day out there today. While it might not have been a fantastic day in our markets today, with two out of our four major indexes filled finishing lower on the day today, it certainly wasn’t all bad out there especially. I’ll lead with this. We got a nice rally into the close today that took our major indexes and stocks well off the lows of the day today.

We got some really big news here just before I started the podcast as well. You know, that should spur some, some potential potentially big action tomorrow for our markets. But we’ve got a lot to cover here today. We’ve got a new rounds of earnings reports that came in after the close. I’ll also recap a little bit of yesterday’s earning action and the reaction to those earnings today, which as we say here often, you know, it’s not the news that matters, it’s the market’s reaction to that news. And a little bit of a recap from yesterday’s FOMC meeting. Fed QE starting up here in December, once again adding to that ocean of liquidity and perhaps, well, this breaking news at the close makes me rethink this a little bit. But this still could be the biggest news on the day today.

[00:01:39]:
And really the question here is are we about to see a chat GPT moment for robotics? Right. If you remember just a few years ago when Chad GPT came out, that was a light bulb kind of moment for a lot of people on AI and of course, nothing, you know, it’s changed so much already. But I know a lot of people are asking what’s next? And this could be it. On that same note, on a chat GBT moment for robotics, we got some big news out for Tesla at the close day. That’s what I was referring to as just minutes before recording this. So got a lot to cover here. Let’s go ahead and jump right in. We’ll start with earnings today as we did get Apple after the close.

Coming in with a nice beat here for Apple. Revenue beat estimates by over $5 billion up 6, 16% year over year. I mean that’s not a small number for one of the largest companies in the world. The stock is up now in after hours trading. Beat on earnings per share in a big way too. So good day overall from Apple. And then the reaction to yesterday’s big earnings. We had Meta and Microsoft reporting yesterday Meta beating in a big way.

[00:03:06]:
Kip covered this yesterday, but up over 10% on the day today. Microsoft almost the exact opposite, down 10% on the day. So we’ve got a a whole lot more earnings where that came from. We got plenty next week and the week after as well. So starting with next week we’ve got AMD early in the week next week, Alphabet arm. So a lot of chip names here, a lot of tech names coming out and as you can see here, plenty more coming for the rest of the week after that. T Mobile, Sony, ConocoPhillips on the energy side, which energy had a good day today as well. We’ll cover that here in a little bit and then into the following week of course.

Really one of the biggest ones that everybody’s looking for every single quarter. And how many times does it seem like Nvidia should just report a little bit early? They always report late coming in this year for on February 25th I was against what I was going to say. What we’ve seen time and time again from that chat GPT moment to today is the markets take a little bit of a lull heading into Nvidia’s earnings and everybody’s saying up Nvidia’s got to save this market and these got to save this market. We’ve heard it time and time again in February typically is a weaker month in the best six month time frame of the year from October into sell in May and go away. February is the weakest of that link so we’ll see if we get similar action in the coming month here from the video. We do have some short term risks here for our our markets. Kip touched on those yesterday and I’ll get to them here on the podcast as well. But what we really liked that we’ve seen from this market over the last few weeks is that we have been able to hit all time highs.

[00:05:07]:
You know, just saw the S&P500 Cross 7000 for the first time yesterday. While the Mag 7 really don’t seem to be participating outside of Google, we really haven’t hit an all time high in many of these names, at least not since December. So I guess not an incredibly long time. Right? But for everybody who said that it’s only seven stocks holding up this this market, I think the last few weeks has really proved otherwise in that regard. All right, so I’ll get to more of our individual company action here. Let’s knock out the Federal Reserve really quick. Kip touched on this yesterday and overall, you know a fairly Uneventful fomc. Not too bad to see, right? Especially as Jay Powell has entered his lame duck era.

You know, he tried to, to throw a few political jabs out there, as he really always does. And for somebody. I love that Kip quoted me on this one yesterday of, of Jay Powell just basically, how dare you question our independence while also saying no one’s above the law and truly acting like they are above the law. You know, how dare you question our independence? How dare you look into it even. That’s why he was at the Lisa Cook Supreme Court kind of hearings not too long, I mean, just last week. So he had to comment all of those things again. Kip covered it yesterday. What I was surprised about that people didn’t ask a single question on yesterday in the FOMC was feds QE.

You know, they began last month with $40 billion of short term interest or short term treasuries purchases. Well, of course they’re not calling it qe. Of course we also have qe. We have not QE qe. And then they have just stuff they don’t talk about, right? They, they put it under strange names, the reverse repo market, stuff like that. While again, they’re not calling it qe. This still is a, you know, it is a liquidity injection into the market. So they’re still buying 20 to 25 billion a month, up to $300 billion a year overall.

[00:07:35]:
The key point of this is it is another pro liquidity event here added on to what Kip has discussed so much, the ocean of liquidity in this market and headed towards this market. We really have so much cash yet to get off of the sidelines here. You, the dollar is weakening, which it does look like on a chart might have a dead cat bounce after this big pullback we’ve seen recently. But I mean, it was lower just five, six years ago. So it’s not like we’re at never be, never before seen numbers. Right? And for anyone who finds it surprising, you must not have been listening to the VRA Investing podcast. We’ve talked about it a lot over the last year, year and a few months since Trump was elected. And then into his inauguration, we said we’re going to see a repeat of 2016 where the dollar fell in 2016, yields fell as well.

I mean, the charts are almost identical on the dollar from his first term to today. So it’s exactly what we’ve been calling for. Uh, which is why we’ve seen, I don’t know, it seems a little Bit surprising how much I guess people are just starting to notice really that’s why it’s made such big headlines. Uh, but this is not a bug in Trump’s economic agenda and Scott Bessant’s economic agenda. This is a feature, right? Discuss this on Tuesday as well. There’s many benefits to a lower dollar on the global stage, right? Of course I can understand the pains that in worries about what that might do to the dollar here at home. But as I discussed too, you’ve got to look at the dollar in two separate ways. Your purchasing power here at home and as an international currency.

[00:09:21]:
Really they are two totally different things. So benefits of a weaker dollar. Kid and I both discussed this quite a bit. Uh, it’s pro equity prices that’s for sure. It also makes our exports more attractive on the global stage. It encourages investment into the U S Manufacturing if you want to bring manufacturing back home, which we are a hundred percent on board with. Couldn’t agree more with this. I, I, it really surprises me sometimes when I get hear people push back on this like why wouldn’t you want more manufacturing here at home? The U.S.

i want to buy us made things. I’m willing to pay a premium for those things as I know many of you are here as well. I love buying American made products and as far as really national security goes, we have to have US based manufacturing. There’s so many things that we could get into there. But ultimately to go back to the Fed, this is another pro liquidity event here on top of our already ocean of liquidity. Now we got more being added each month. We expect that to continue. You know, unfortunate that the Fed isn’t cutting rates.

[00:10:34]:
But as far as the rest of the Trump economic agenda goes, I’ll touch a little bit more actually on housing in our sector. Watch. So stay tuned for that here and what Trump’s comments about the housing market were today established as well. So this is something I’ve been excited to talk about all day today as I saw a clip from Jensen Wong earlier today and because it goes right in line with what we’ve been talking about since the end of 2026. Okay, robotics chat GPT moment. We’ve been saying since probably November or so that 2026 was going to be the year that the innovation revolution really kicks into high gear. And robotics being a big part of that. You know, FSD being a big part of that.

Right? Car Tesla is not a car company. We said it’s a tech company for years. But in, in specifics here the cars they make aren’t really cars, they’re robots at the end of the day. So it’s pretty amazing to hear that already by Q2 they, they’re planning on shutting down all of the Model X and Model Y production for Tesla. That seems like the biggest piece of news out there. That’s quick. That’s coming up quickly. And they’re converting it to produce Optimus at these, which I think makes complete sense.

I think Elon Musk is going back to the original Tesla model. Right. If you looked at kind of his nap, back of the napkin sketches of his goals for Tesla, it was to make a really cool electric car. Is he knew, I mean, if, if you’re going to be driving around in a smart car or, or a Chevy Volt, those aren’t exactly cool cars. It doesn’t make electric cars sexy at all. But when you realize that there are so many advantages to electric vehicles. Right. We, let’s exit the thought process of, of the energy because battery power obviously is a huge deal.

[00:12:36]:
People don’t want to charge their cars. It takes longer. And I really just want to talk about the performance factor. Okay. Electric motors allow you to have more torque, more acceleration. That’s why the Tesla Plaid is the fastest production car basically on the road from 0 to 60. It’s even faster from 60 to 120. Right? No, no gear shifting.

Kip’s talked about this, you know, in his car. He’s not joking when he says, and I, I’ve underestimated what a Tesla can do twice now. And both times I was completely mistaken as far as FSD goes. I remember Kip, the first time he told me about it, it’s going to blow you away. He’s like, I, I think it’s safer than me driving. I was like, okay. You know, I kind of rolled my eyes. Sure, sure.

And then we did it. We were coming back from an event in Houston. He put it on fsd and this was last year. And it drove us all the way back to Sugar Land through, you know, six lanes of Houston traffic, not stop traffic, you know, moving right. And it was making weaves through lanes that I would never make on my own, but it felt incredibly safe. And it was obviously, we were just fine. And we even had a near miss kind of incident of a car merging into our lane. It noticed instantly and corrected perfectly.

[00:14:03]:
You know, again, like Elon has said, the real risk is having a human driver compared to this. And the second is the acceleration on drag strip mode. Kip is telling Me, yo, hey, make sure you put your head in the back of the seat there. And so the first time I was like, okay, fine, I’ll do it. I felt it. I was like, oh wow. And then the second time that he did it, I almost wasn’t quite ready for it. I guess I wanted to see how bad it was.

My head was not on the seat. And it does. It’ll put you back in your sheet in your seat, man. It’s a fun car to drive. Fun car to be in. So the original goal with Tesla, back to that, the reason why they made the Roadster first was to make a sexy electric car and with those sales eventually make a low priced model. Now that FSD has come on board, I think they’re going back to that by cutting off the Model X and Model Y, keeping the cyber truck it sounds like, and the roadster. So you make, you know, an extremely sexy roadster.

I can’t wait for the announcement of that. You know, we’ll see if we get a flying car. But you, you, what he’s going to do is stick to the performance side because you know, that’s really. If you have a car that can drive itself, why keep making the X and Y? It’s not going to have a steering wheel in it pretty soon. So we’re accelerating. It sounds like the timeline on that. So that becomes the affordable car is the one that’ll drive itself. And it’s a whole lot less engineering to make a car like that because you don’t have to make a fully FSD car.

[00:15:35]:
You don’t have to optimize it for performance on a racetrack like you do in a Model X or Model Y because it’s not going to have that kind of ability. You know, I’m sure they’ll still be fast, but if you’re not driving, they’re not going to just speed because you want it to. Right. So you don’t have to do some of the same performance metrics if you’re just looking to cruise. So you got the performance vehicle, the full self driving vehicle and then a truck for picking things up. And of course the Tesla semi. Really excited about that. 2.

So again, Jensen Wong talking about robotics chat GPT moment. We’re absolutely seeing it here. You’re seeing the signs in the wall. At least he said that. You know, the same style of mainstream takeover that Chat GBT had. You can’t go a day without hearing it. Now everybody uses it to some extent and the stuff they’re doing with it only gets Better and better and better. Now we’re going to see the real world stuff coming out, you know, again, full self driving this year, Optimus coming next.

[00:16:39]:
That’s what their focus is here. So overall 2026 is going to be an incredible year. So on the topic of Elon and Tesla, Tesla though, I’ve got two reports here, one that came out even bigger than the first one. So the first one was from a multitude of of outlets here, but the source is anonymous. So you know, take it, take that as you will. The sources were anonymous. This isn’t some company release, okay? But reporting here is saying that Xai and SpaceX are working on a merger to take place ahead of SpaceX’s IPO. So you know, we’ve already heard the rumors that SpaceX is going to IPO at like one and a half trillion.

Now add a second company into that, I mean you’re looking at a 2 trillion dollar company at the IPO. Pretty incredible. And Tesla, this is official, made an investment in xai. So that right there already benefits Tesla’s share prices. Share price, you know, that’s an asset on their balance sheet. Now if Xai gets acquired by SpaceX, then I’m gonna pull up one thing before I get to this, okay? The big news came in just minutes before I started this. If I seem distracted, I feel a little all over the place because this is pretty massive. I said it on my Charles Schwab interview yesterday.

[00:18:12]:
I am a space nerd. I love this stuff. I love reading science fiction books. You know, all the books that Elon talks about, you know, those are, those are the books that I’ve read for years. And whether we’re talking about foundation by Isaac Asimov, Dune by Frank Herbert, done all of those books, all the foundation books, one he hasn’t talked about as much as James A. Corey’s the Expanse series, which is an Amazon series as well. Good books, but the newest one that I’ve heard him talking about that I hadn’t read before or Ian Banks culture series, you know, not my favorite of the options that I just listed there. But it is fascinating to think of a world and a space faring civilization that has truly worked out all the kinks, kind of, you know, something you only really only write in a book.

But you know, anything that you can think of with robotics and AI for them, anything they think of, they ask for it and it’s done. No one has to go to jail anymore because if you do commit a crime, they’ll have a robot following you. Everywhere to make sure you don’t commit another crime. So some really out there stuff to think about what his incredible prosperity that he’s talked so much about where he’s saying really incredible out there kind of claims that in 10 to 20 years, you know, you won’t even need money anymore because this is going to create so much prosperity. We’ll see about that. I think humans like competition too much possibly to get to that. But if people gonna everyone can have their needs met thanks to robotics or Kips talked about as well senior care with optimus and robotics allowing them to live on their own and not have to go into a community because you’ve got a robot there to help you with anything. You know, you fall, it’ll help you get up, do your grocery shopping for you.

[00:20:08]:
Now your car will drive itself so you don’t have to worry about driving. This is the benefit to life here is really pretty incredible. But the big news that came out from Bloomberg just you know, minutes before I started recording this, SpaceX is considering a potential merger with Tesla. So now we’ll see if that happens again. Another anonymous source here. But how incredible would it be if all three of these companies merged? It’s a match made in heaven. Elon has talked about trying to find a way that Tesla shareholders get first dibs on SpaceX. Well there it is.

Tyler Herriage [00:20:41]:
Existing Tesla shareholders might now own a piece of SpaceX. The stock up 3% in after hours. Good to see. All right, quickly here. That’s kind of the big stories for the day. Let’s touch on our market action. Like I said earlier, we spent most of the day in the red. The Dow ended up finishing positive.

Was our leadership on the day to day not by much but we were up, let’s see, just 1/10 of 1%. So hey, you know, we, we’ll take it on a day to finish well off the lows. Good smart money hour here. But here’s the big news, you know there that might not sound like big gains. It wasn’t obviously but, but we rallied 470 points off of the lows from today. That’s a big swing higher. We saw some other big swings higher as well. And if you’re a Dow theory fan, the transports were up big today compared to the dow, up nearly 1.3%.

Next up, the Russell 2000 essentially flat on the day, but positive, positive on the day. The S&P 500 finishing down slightly 1/10 of 1%.6969 also well off of its lows. For the day, you know, tomorrow wraps up the month of January as they say. So goes January, so goes the year. Well, The S&P 500 still has gains on the month of 1.8% so we you’d like to see a nice finish to the month tomorrow. Nasdaq was our biggest loser on the day to day, down 710 of 1%. But here’s what you really like to see. The Semis rallied at one point today, was down as much as 3% at the lows of the day, rallied to finish positive on the day to day, actually hitting another all time high.

[00:22:38]:
Folks. That’s a big turnaround and exactly what you want to see. The semis leading the way even on a day where most of tech was lower. There’s some big winners today. I’ll get to that in our sectors. But wow. I mean the semi is now up nearly 16% to start off the year. I know Soo’s January Soo is the year that metric that those analytics are run from the S&P 500 but I’d love to see them run for the semis is when the semis are leading.

There’s really nothing more bullish than that. We did get some other all time highs in tech. I’ll get to that here in a little bit of course as I’ll touch quickly. There are some risks to this market right now. You know, we are seeing the semis hitting really extreme overbought. Not quite the heaviest of extreme overbought on steroids which are highest level distinction here. So not quite at that level. But to see a pause here in our market that is really just part of a healthy bull market market action.

It’s been an incredible run. And again the risks that we see to our market, while not nothing, we don’t see them as a risk of seeing a, you know, 10 to 15% correction and certainly not a 20% pullback of a bear market. I think the risks are out there certainly. But if we do see a pullback, I wouldn’t even attribute it to that. I would say there’s probably a little bit of profit taking going on right now in which we’re absolutely fine with locking in some gains. Not saying that you should sell everything here or anything, but you know, we did have some stop losses, hit trimmed our positions a little bit. And again that does not mean that we aren’t bullish. We remain as, as bullish as we’ve ever been.

[00:24:29]:
We’ve still got 12 positions, 15 is our max. So we’re still, you know, very Long this market, but we don’t have a problem with keeping a little bit of powder dry here. But trust me, we’re eager to get that money back to work. We’re just gonna really. That’s why we have the VRA investing system, you know, to remove the emotion from our investing. We’ll let that opportunity come to us. We’ll continue talking about it here on the VRA podcast. If you’re not already a member, you know, why not come and join us? We’ve got a 14 day free trial going on right now.

But man, I think I speak for Kip too. We’re eager to get that money back to work. So some of the just short term risks here are already abating as well. I wanted to share this from Poly Market. Look, I mean just a few days ago we’re at an 80 chance that the US government was going to shut down. There’s been talks that they’re working on a plan right now to avoid that on Saturday. Odds have already fallen all the way down 40%. You down big on the day from yesterday.

62%. That’s good to see. Although, you know, if you remember just a few months ago before we talked about the government shutdown, they’re usually pretty bullish. Right, Right. The market knows then that hey, we, the rules exist. Congress isn’t going to do something we didn’t expect here. You know, the stock market really loves gridlock in D.C. so it’s, we don’t see that as a really, especially not a long term, but really overall not that bearish of an occurrence.

[00:26:05]:
The market heads higher most of the time when the government is shut down quickly. Here are internals on the day. You know, probably a little bit better than you would have expected. Little bit. On a day where our major indexes spent most of the day in the red, we had positive advanced decline for the NYSE, just barely negative on the NASDAQ 52 week highs and lows over 3 to 1 positive on the NYSE, only negative by 7 issues on the NASDAQ today. So essentially even volume, again positive on the nyc. So, you know, on a day with the S&P 500 down slightly and again most of the day in the red, we, we are positive across the board today for the NYSE internals, negative on the Nasdaq, but no two to one beats or anything. Next up, let’s take a look at our sectors on the day today.

This might surprise you as well. I mean we finished with, let’s see, seven out of our 11s and P500 sectors higher on the day. Here’s what might surprise you a little bit. Okay. We actually got an all time high from the communication services sector which if you’re familiar with this sector, you know, it’s essentially a proxy for tech. Okay. It is another tech sector which makes sense when we, and you know, to clarify here also when we talk about an innovation revolution, technology means so much more than just computers and AI, although AI will be a big part of it, but it means so much more than computers. Right? Look at a company like John Deere even that’s working on automated tractors that, that’s been around the tractors that drive themselves, they have a ton of automated processes and a ton of innovation taking place in the agriculture space.

[00:27:53]:
So it’s not just the traditional tech that you think of. And of course like phones have become such a big part of our lives, they would think about having a landline. How many people even have landlines anymore? The communication services sector has innovated quite a bit. You know, the iPhone is a pretty incredible piece of technology, even though at the end of the day it is still a phone. But this sector is so heavily weighted towards two tech names, it’s. It’s hard to believe honestly. Meta which reported earnings yesterday is up over 10% on the day to day. Good day.

Huge though for the communication services. Meta makes up 20.39% of of the sector weightings. I mean, wow, that’s 20%. But then consider this, Alphabet. Google is actually a larger weighting than Meta and that’s one of our only Mag7 names hitting all time highs which it did again today up just about 710 of 1%. It makes up 20.72% of the of communication services. So Meta and Alphabet combined make up over 41%. Two big stocks then for these weightings.

[00:29:13]:
So makes sense today. Meta up 10%. Google all time high. Yeah, communication services should be up as well, but good to see again new highs beget new highs for after that. Real estate sector was our next big leader on the day today up 1.4%. If you’ve been here with us for a while, you also know we use home builders instead of the real estate sector which is mostly made up of REITs. But some really interesting comments from Trump today on housing as a whole. If you heard in Davos, you know, he talked about people who own their homes.

He wanted to keep them rich. Right? You didn’t want to destroy housing prices and take away that value, you know, because that is value that could be used for HELOC loans, right, that take out the value of your house. And with 40% of Americans now owning their home outright, this is, it’s the largest asset that most Americans have. And the largest purchase of your life, right, is usually where you live. Um, so Trump made some great points earlier that he doesn’t want to bring down housing prices. He wants to make buying a home easier. Which is why, I mean, I really love the idea of a 50 year mortgage. If you look at, you know, if that brings your, your monthly cost basis down 3, 4, $500, and you look at the returns of that money being put into the market versus the rate you’re paying on your interest rate, which you know is obviously well above where it was during the COVID era.

[00:30:51]:
You know, people getting 2, 3% loans, really more than the 3% range, you’re now having to pay between 5 and 6%. But again, saving that 3, 4, 500amonth put into the market, you know, compounding over the course of 50 years, you’re going to have way, way higher returns for that money than what you’re losing by adding 20 years of interest payments on your mortgage. Again, you can refinance as well when rates are lower. But at 5 to 6%, let’s say you earn 8 to 10% just by putting it into an index every single year. Well then that money is better put into the market then putting a bigger down payment down and increasing your monthly payments and having a 30 year mortgage. Right. That’s how you have to look at it. It’s financial engineering.

I know it didn’t make a lot of common sense to people who were talking about, oh, you’re gonna be locked into your home though. You’re buying a home that you’re never gonna have a chance to pay off. That’s just simply not true. Right. That’s very shallow thinking. But so, you know, I love those comments from Trump. In fact, he said he wants to drive housing prices up. So great stuff here for the home builders.

Right. And if you’re thinking about it from that point of view, even if you’re worried about getting out there to being able to buy a home, right, We’ve got to make it easier. I completely agree on that. And we need rates to be lower. But even if you have to get a 50 year mortgage, use those savings, put them into the market, you’re going to make better returns. All right, next, for our sectors, we had energy was up big on the day to day, up over 1%, financials up as well. Our Laggards on the day were tech. But just as you, as I talked about with communication services, tech was really higher on the day.

[00:32:40]:
It depends on where you’re looking after that. Consumer discretionary and healthcare. All right, let’s wrap it up here. Finally for today, our VRA commodity watch Gold. I mean just pretty incredible, you know, all time high now $55,625 an ounce. What an incredible run and spin. It happened faster and went higher than we thought in the short term, right. Our long term price target still remains at $15,000 an ounce.

But we are currently at our most extreme overbought distinction here. That’s when you get pauses. Okay. It’s the same is true here for the gold mining sector and we’re at extreme oversold levels in the US Dollar now that everybody’s freaking out about a lower dollar. That’s usually when you see a bottom start to take place. I would be surprised to see the Economist, you know, post a headline article like how low can the dollar go? Those are the kind of signs you look for at a bottom. But we don’t think the dollar is going to head considerably higher. I think it’s going to be a dead cat bounce again, long term.

Kip discussed this yesterday. We remain extremely bullish on gold and silver. Just a time to to pause your monthly dollar cost averaging and put that towards areas that are less overbought right now Again, same is true for the gold miners which did hit an all time high earlier in the session but did finish lower on the day. Next up Here, silver now at 10616 an ounce, got above $120 an ounce. Pretty incredible as well. Copper, that’s you know, the new one that I say new one because it just seems like it’s really started to hit headlines. We’ve talked about this a lot. It goes into everything tech.

[00:34:23]:
We’ve been talking about this long before the headlines were hitting. Now I believe that is, let’s see just below, its all time high at 6.32 a pound. All time high $6.58. Oil as I mentioned earlier, is up on the day. Crude now above $65 a barrel. $65.56. And finally here for today, bitcoin down on the day by 5% at 84, 6:55. You know, I did find it interesting that I saw a report today and again probably anonymous sources or something that tether, I guess you’re part of the tether team, was spotted meeting at the White House in the last few weeks.

And Tether has been buying a ton of gold. You know, it’s a. A crypto company, right. But it’s backed. So they have, you know, a dollar product that’s backed by real dollars, supposedly. I don’t think they’ve ever been truly audited, but now they’re doing the same with gold. And so interesting. Apparently after that White House meeting, that’s when they really started loading the boat on gold.

It’s, you know, interesting timing if you think about it, for Bitcoin, right? Why wouldn’t they be buying bitcoin for. For, you know, stable coin backed by bitcoin kind of deal, Right. Adding that to their balance sheets, I think that added a little bit of worry there for bitcoin specifically. But I will point this out because there’s been so much talk of a back treasury bill going through. And what is going to happen to the gold on the US balance sheet, right? Over 8, 000 metric ton tons of gold currently valued at $42.22 an ounce on the US balance sheet. So on the balance sheet, it looks like the US has roughly, I think it’s like 10 to 11 billion dollars of gold on the balance sheet all priced at 42.22 cents a pound. What could we do? How do we. We’ve talked about the weaponization of the US Balance sheet, you know, to kind of get out of, you know, the insane debt that we have in this country.

[00:36:40]:
Well, if you reprice it, today’s prices, and this is actually below Today’s prices, roughly $5,400 an ounce. That is over $1.4 trillion. That could be added to the. Up from 11 to $1.4 trillion. You think they could do a lot with that? Absolutely they could. And it seems like Scott Besson is planning to do so. All right, that about covers it here for today, folks. I hope you have a fantastic evening.

Let’s see if we can get a good strong end to the month of January tomorrow. As always, we’ll be back here tomorrow for the close. If you’re not already a subscriber to our VRA Investing podcast, you can sign up at vraletter. Com, click that podcast link at the top and we’d love to have you with us. Thanks again for tuning in. Until next time, see you back here tomorrow for the close.