Welcome to the VRA Investing Podcast! In today’s Tuesday episode, your host Kip Herriage breaks down the latest action in the markets and sets the stage for what’s shaping up to be an extraordinary period for investors. From r ...
Kip Herriage [00:00:03]:
Don’t look back to the market is closed. Good Tuesday afternoon, everyone. Kip Herriage here with the daily VRA Investing podcast. Hope you had a good day today.
Look, we’ve got a few announcers to get out there first, then we’ll get right into it. Let’s talk about here. First of all, for all VRA members tonight at 8 o’ clock Eastern. As a reminder, we’re going to have our VRA member Zoom with CEO of Snowline Gold, one of our 10 baggers, Scott Berdahl. Great guy, father, son, team, an amazing story. These two were exploring in the Yukon up in Canada when Scott was a little boy. And I mean, and now Scott’s turned this into along with his father, but Scott’s the CEO has turned Snowline into what we think. And this is not just us saying it.
A lot of people that, that know this story and that know the mining space in Canada are saying this is likely the most significant gold discovery in Canada and probably in North America in the last several decades. There was, there was, there was thought to be nothing in the Yukon. And Scott and his dad just started locking up, locking up acreage, you know, and they essentially have right at 1 million acres in the Yukon. And now they had this discovery again. They founded the company officially four years ago. The stock is up over 4,000% since then. Obviously, the markets come around to their view. And we’ll have Scott tonight on its 8 o’.
Clock. We’ll keep it 8 o’ clock eastern. We’ll keep it to about 30, well, 45 minutes. We got a lot of questions that you’ve sent in. Thank you for that, by the way. And we’ll get to ask Scott that face to face. And I think you’re really going to like this guy. He is a remarkably bright fellow.
He is both book smart. I mean, he’s very, very book smart, but he’s also very personable and he also understands the financial end of the business. This is a, this is a very, very interesting setup that we think is going to result in the stock price going crazy because gold prices aren’t going lower. They’re not. Silver prices all time high today, folks. 62 bucks an ounce on the January contract. All time high. All time high in silver.
Yeah, way to go. Silver. You know, silver has been, Silver’s really been the redheaded stepchild. My wife’s redheaded, so I got to be careful about that. Silver’s been the redheaded stepchild of gold and silver because of course, it’s not a purely Precious metal, it’s a base metal as well. But we find ourselves in the most interesting of times because silver goes in everything and because again this economy, the global economy is about to boom. This is going to be again, we talk a lot about the US innovation revolution, the Trump economic miracle. It’s so much broader than that.
This is a global time of economic boom like we’ve not seen. I think, I think no one’s ever seen what’s coming. Okay. And again, I always, I never want to sound like a Pollyanna about that or just I’m always the glasses half full, the eternal optimist. I am all those things. But I also know how to read facts and to see what’s happening and to get a lay of the land. And the lay of land is that we’re going to need a hell of a lot more silver. Big shortage of course in supply of silver is now caught up with them.
And I think the biggest thing that again, I don’t hear people talking about this and I think everyone should be.
Gold and silver. Gold and silver have been going up because we now have true price discovery taking place. Meaning they’re not being manipulated lower. The JP Morgan’s of the world aren’t manipulating gold level. The central banks of the world aren’t manipulating gold and silver lower. And now they’re able to find their own levels. And so again, this is a significant breakout in silver. Understand it is overbought.
Kip Herriage [00:03:59]:
Short term, it doesn’t matter. It just doesn’t matter because I just don’t care where it’s going to be in the next month or two or a week or two. We’re thinking long term. This is very much like a point of view that I would have with Tesla. These two assets, these two precious metals, gold and silver have just begun. Look at a chart. Look, look. Go, go.
Look at a 10 year chart. We feature this pretty often. Look at a 1012 year chart and look at the chart patterns that they’re breaking out from, the rounded bottoms they’re breaking out from and the fact that they’re just now breaking out to all time highs. This is in a measured move folks. You’re looking at again we started telling you here what maybe a couple of months ago that we’d be more aggressive with silver. Again we’ve been officially 80, 20 gold to silver. That’s how we’ve been positioned. We have changed that recently we’ve been buying more silver and I’ve said go as much as 60, 40 gold to silver, that’s kind of what we’ve been doing in our dollar cost averaging over the last couple of months here for the VRE portfolio in our family office money, because silver is ready to go.
It’s ready to play catch up. Silver’s up 108% on the year, folks, outperforming just about everything, including gold. So it’s a great time to be an investor. As we’ve told you now here for two, three years, it’s a great time to be an investor for anything, any asset that is inflationary related. The money printer is not going to stop. It can’t. And now with true price discovery and with a global economy preparing to boom, truly boom again, the economic demands and needs for gold and silver will continue to grow. So this is all great news again.
Let me just take a second. So anyway, Scott, Scott bertol Again tonight, 8 o’ clock Eastern. I’ll save a story I was going to tell on that for tonight because if you know us, you know we’ve been big, big fans of gold and silver for a long time. We’re a family of gold bugs and silver, but primarily gold bugs. But we recommend these things. You know, silver at five bucks announced in 2003, gold at 350 bucks announced in 2003. Those are now both up more than a thousand percent. They are are 10 baggers in the VRA portfolio.
And again, we are not even thinking about taking profits or slowing down our buying. We are ramping that up. These are assets that must be owned. And if you think we feel that way about gold and silver, how do you think we feel about the miners? We don’t own a silver mine. A silver miner. I still believe the best play really is gold miners. I’m sure I’m missing some plays that will be extraordinary. But I think gold, because of the, you know, the depth of the market for the miners is so much greater.
And again, I just don’t know the silver miners honestly like I should. And we love the two gold miners that we own. So that’s our position. That’s what we’re staying with. There may come a time where we need to add a silver miner to the portfolio. We’re just not there yet. Also.
Tomorrow on our I’m sorry, Thursday’s podcast, give you a heads up on this. Gonna be exciting. The Mr. Relentless himself, Wayne Allen Root War, is going to join us Thursday afternoon on our vra. It’ll be a video podcast and again, they’re recorded, then we post them. So you’ll get that in your email and it’s going to be exciting because Wayne has filed a 100 million dollar lawsuit. I just went, I read through the loss, I read through about half of the lawsuit about an hour ago. A lot going on today.
Right. And it is fascinating. He’s going after everybody from the plandemic. He’s going after every, everybody that tried to destroy him, destroy his income, destroy his, his business opportunities. And again, he’s got all this laid out in very, very much factual detail. And I, I, I’ll just, let me just share this. Listen to who he’s going after here. Okay, this is interesting, right? Plaintiffs, Stanford University, number one.
I don’t know if they’re, I don’t know if they’re listed in this order for a reason. Again, it’s, it’s a suit against all of these. Okay. The board of trustees of Stanford University. Meta platforms, Facebook X Corp, formally Twitter X AI Corp. Okay, because again that’s also a part of this. When it was happening to Wayne, this is how they shadow banned him. How they banned him.
I was banned. Wayne was banned. I’m sure a lot of you were suspended or banned as well. I know you were. Google, TikTok and, and, and several more. And these are First Amendment violations, Fifth Amendment violations, civil action for deprivation of rights, illegal restraint of trade. Again, Wayne will be with us Thursday afternoon to go through this. And I think what’s going to be interesting about this, I can tell by your emails and, and by the conversations I’ve had with a number of you that are really looking forward to this because we were all harmed from the pandemic, we’ve all been harmed from the jab, even if we didn’t take them individually because we know someone that’s been harmed from them.
[00:09:11]:
Like I know multiple people that are no longer walking this planet, including my father, including Cindy’s father. We’ve never talked about this before. I’m convinced that my father would be here today had it not been for the jab. And I have a high degree of confidence that my wife’s father would still be here were it not for the jab. And look there. We all know a lot of people that have been damaged by this death jab, these poison jabs. And again, Wayne is now going to attack them. $100 million lawsuit.
He’s got a great law firm on it. Looking forward to covering that with Wayne on Thursdays of VR Investing Podcast. Also, just FYI, this is kind of cool. I just got asked like 30 minutes ago by Charles Payne’s producer if I would be on the show tomorrow. Well, that’s when they, you know, the show starts at 2:00 Eastern. Well, that’s exactly when the Fed statement comes out. Right? So, you know, I typically want to be here, you know, watching tv, watching the presser. I won’t be able to do that now.
:
I’m not sure how, I’m not sure. I don’t watch Charles show when this day happens, when it’s a Fed meeting. Sorry, Charles, because I, I’m, I’m, I’m taking notes and I’m, I’m trying to get the lay of the land. I’m looking at Jay Powell. What is this idiot going to do now? Uh, and you know, listen, on that note, before I forget, I just had the conversation, the thing with Jay Powell and I, I want to cover this in some detail. Let, hold on one second. This guy is dangerous, okay? And he’s irresponsible and he’s flippant. He’s all the things the Federal Reserve guy shouldn’t be.
First, for example, pay attention to this tomorrow because he always has a couple of lines that are scripted and they’re gotcha moments. They’re not in the statement, they’re nowhere in the FOMC statement. Can’t find them. They ain’t there. This is Jay Powell going off script, being the, what’s the right word?
Dangerous, certainly irresponsible person that he is. You can’t be the Federal Reserve chairman and just throw stuff out because you decided it would sound cute. And that’s what he does. And these, when he makes these offhanded remarks again, he looks, watch tomorrow, he looks down at his script and he says the line like he’s been coached, just like he wrote it. And I want to repeat it verbatim, word for word. And that’s always the line that gets the markets every time. And then here go the markets, right? Markets start rocketing lower. So I want to spend a minute on this because I wrote this up this morning.
Look, as you know, if you, if you know us, if you know me, and I think this is one of the reasons that Charles wants to have me on tomorrow is because on multiple, I don’t know, 10 different times I’ve been on Charles’s show, I said that Jay Powell should resign, that he’s irresponsible and dangerous Fed chair. And I think that’s one of the reasons for having me on tomorrow to get my take on this. But Jay Powell, it’s time for you to go. It’s time for you to Go.
Tomorrow when we get the Fed announcements presser again. This has happened so many times. I can promise you, I almost promise you it’s going to happen again tomorrow. The statement comes out, the markets don’t care, almost no reaction because it’s expected again, it’ll be a quarter, quarter point bake, quarter point rate cut. That’s what’s going to happen. Like 95% probability. That’s the one thing Powell doesn’t do. He doesn’t surprise the markets with the actual cuts or the, or the rate hikes.
Right. He, he goes, he goes. He does that by script because they’re told he’s told to. That’s not his call. That’s the FOMC’s call. Right? They vote on it. That’s what it’s going to be. So he can’t go off script there.
But man, he just cannot wait for his pressure to start where he goes completely off script. And that’s what sends the markets rocking lower. Folks. It’s happened a lot. Not some, it’s happened a lot. So we shouldn’t be surprised to see it happen tomorrow.
[00:13:11]:
And he seems to get delight from doing this again. Just another reason he’s the worst Fed chair of our time. Without question the most political Fed chair of our time. And of course we know he’s a well known Trump hater. We know this because one of his ex employees was caught on tape by James, what’s his name, o’ Keefe catching this guy saying it. Oh, we all know that. The pals told us he hates Trump.
It’s time for Trump to go ahead and announce Kevin Hassett if that’s who’s going to be his new Fed chair. Looks like that’s going to be the case. Go ahead and make Jay Powell a lame duck. And again, as I’ll probably say on the show tomorrow with Charles, give us an early Christmas gift. Let’s go. Go ahead. Early departure from the Fed. Give us all a break.
It’ll be an early Christmas gift for the entire country.
That if he does that, if he does it, it might help to make up for his fourth quarter and Christmas with hell in 2018 when the Fed hiked rates heading into Christmas. So it was a week before Christmas. He hiked rates and then he had completely negative commentary. Right. You know, we’re just getting started, that kind of thing. The markets cratered on Christmas Eve. The, the, the, the, the, what do you call the, the, the, the, the stops. I’m thinking about a stop loss or something.
You know what I’M talking about the, is that, ah, the, the, the, the apologies, I, I my brains in a lot of places today anyway, when the market falls a certain amount again, these kick, these stops kick in the markets close for 30 minutes, et cetera. You know, I’m talking about uh, and that’s what happened on Christmas Eve in 2018 because of Jay Powell. Not, not a statement. What he said in his presser. Let’s also, how can we forget.
[00:15:04]:
Inflation is transitory. Powell’s disastrous decision making and then the run up to 41 year highs and inflation in 2021. Trump’s right, he is too late. Powell has been reactive, he’s been late. He’s had by my count, five major policy mistakes during his tenure, if you want to call them mistakes. Fed chairs got to have good instincts, got to be proactive and got to know when to shut up. Okay? And Jay Powell, bottom line, it is time to step down and maybe we’ll get that gift tomorrow. How awesome would it be? I’m putting this universe.
Trump tonight announces that Hassett is the new Fed chair.
Tomorrow, Jay Powell opens with. This will be my last Federal Reserve FOMC meeting. That’s what we all want to see happen. What would the markets do? Boop. That’d be a double boop. It would be. The Dow Jones tomorrow would rally a thousand points inside of five minutes.
[00:16:07]:
If Jay Powell steps down. Because everyone knows what’s coming next. A Fed chair with at least some degree of common sense, which Jay Powell does not have. Again, he’s vindictive. He’s. You see it, you see it every now and then. Watch him as we’ve watched him very close. Tyler, of course, is our resident Fed expert here.
Tyler will be doing the podcast tomorrow. I know you’re all going to love that. Tyler’s going to break down. What? Since I won’t be here for it, he’ll break down what pal the statement says and what pal says. And again, I also, you know, the talk is, okay, what’s going to happen? Quarter point rate cut. And the talk now is it’s going to be, this is funny, it’s going to be a hawkish cut. So in other words, they’re going to go ahead and cut. But then is they’re going to go, but, but, but the next one is going to be hard.
We may not be able to cut again. Just know that that’s a hawkish cut and.
Kip Herriage [00:17:01]:
As Tyler called it, a figment of your imagination. That’s what a hawkish cut is because it’s Just made up mumbo jumbo. How do they know that? How would they know?
They don’t know. If you’re following the data and your next Fed means a month from now, you’re going to have a lot more data by then. How do you know what you’re going to do if people are genuinely worried about a slowdown of in employment? Right. And that’s, that is the bugaboo. That’s what, that’s what people are saying. I don’t happen to buy that because by the way, remember, we’re still in just month 10 of Trump’s second term, we’re still dealing with the disaster that was the Joe Biden presidency and the lies they told. Remember the bls? Over a three year period, the BLS was found overstating jobs under Biden administration by more than 2 million jobs. This is the mess that Trump is, and he’s exactly right about this.
This is the mess that he’s having to clean up. All right.
So whether it’s a hawkish cut, however they phrase it, doesn’t matter because Jay Powell is about to be a lame duck. There will soon be a shadow fetch here again, likely Kevin Hassett, and that’s going to be extraordinarily bullish to the markets. I believe the markets look through this. I believe the markets don’t care what Jay Powell says. And because again, this Federal Reserve is going to look a whole lot, a whole lot different here in a couple months. Right. And maybe sooner if we get our Christmas wish. So again, we’re bullish.
Here’s our thing on the markets this week. Look, you know, last week we started telling you, okay, we’re extremely robot only on stochastics. The rest of our momentum oscillators nowhere near. This is nowhere near. Was this ever any kind of a sell signal from us? Not from us. Right. We, we don’t get cautious like that until we’re at extreme overbought on steroids. All right, that’s that, that’s, that’s our signal that not only should you stop buying, maybe you should sell.
[00:18:52]:
Well, we’re not there. It’s only stochastics. All it takes is a couple, three days of a sell. Matter of fact, let me take a look. Yesterday the dow was down 220. Today the Dow is down 170. Let’s take a look right now. And let’s see.
I should have done for the podcast. Let’s do it together. Let me pull up on the very system. Take a look at the Dow Jones.
Okay? So stochastics have already fallen over two days from 96 to 84. It’s already happening. This is the way it works. Money flows interestingly are still increasing. Money flows now are approaching that 80 number. That’s by the way, that’s bullish. Okay. Money flows, they, they really don’t impact us very much.
We want to see money flows increase. Right. And that’s just retail investors saying I’m going to buy every dip there is. But RSI relative strength, rolling over and again, it never extremely bought MACD moving average convergence divergence, if you want to know what that stands for. Also rolling over again, never hit extreme overbought. It was only stochastics. So this, this two day dip we’ve seen in the Dow Jones is already doing what we wanted it to do. And so this again, this sets us up incredibly well for next week.
[00:20:05]:
December 14th, December 15th one, one of those two days, that’s where the seasonality bottom tends to be. And then we’re, we’re Meltoville. I mean I really think that’s what it’s going to be. I think that, I think investors are beginning to get a little frothy, but in a good way because it’s early froth. Does that make sense? It’s early froth. Early. It’s not the kind of froth where we get to where we’ll be, I don’t know, in a few months maybe where we’ll probably have such a big move higher that we’ll have a, might have a sharp sell off that froth is coming. And here’s why people are smart.
People don’t listen to the mainstream media and the talking heads. They don’t, they don’t get their invest, some do. But the people that have been buying this market, the smart retail investor, the true smart money, because the institutional investors had been true dumb money. And by the way, it’s always that way. They never beat the markets. Why, why, why, why are we even pretending? No, it’s the smart money retail investor. And you know what? You know why they’re smart? Because they see what Trump is doing.
They see what Trump is doing and they understand, as we called it for three years, we’re going to get the Trump economic miracle again when he gets reelected. That’s here now, this is, we call it the Trump economic miracle part two, because part one, of course without the pandemic would have been spectacular. But now he’s got all his ducks in a row again economically and for investment wise, that’s what’s coming. That’s what the public knows is happening. And they’re just completely ignoring what the talking heads and the economists, the PhD economist, just ignoring what they’re saying. Smart money are retail investors that understand this is a new Trump. As long as we don’t have some something ridiculous like another pandemic, we are off to the races, folks. I’ll repeat for our new people, there’s no one more.
[00:22:02]:
There’s been no one in America more bullish than us. From the October 13, 2222 bear market lows, we’ve been the most bullish. We remain the most bullish. Our forecast next year is for the SPF 100 to jump 30% and for NASDAQ to jump 50%. Plus.
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You’Ve got some data on this. It’s pretty interesting.
Kind of backs this up a little bit when the. Thanks to Ryan Dietrich just did great work. When the SPF 100 is with 1% of all time high and the Fed cuts rates over the next year, the SB 500 has been up 100% of the time. I’m looking at about like 12 instances here. Okay, but up 100% of the time with an average return of 15%. All we got to do is double that. We hit our bogey of 30%. And again, because, you know, the, the, the talking heads have no clue what’s coming.
Right? Innovation, revolution, an ocean of liquidity. And, and, and the fact that we honestly. We’re ready. We’re due. We are due. We’re due. We’re due. This is if this is the 25th, excuse me, if this is the dot com model, all right.
Of 95 to 2000, it’s time to have one of those years. Next year is going to be that year. The fourth year of a bull market is, is one of the strongest years that, that is next year’s fourth year. The bull market we just started.
So it all lines up. And I think that again, if you’re invested in inflationary assets that have the highest expo, the highest beta, if you will, to pure growth, right. You’re going to do incredibly well. You’re going to do incredibly well. I can tell you. That’s how we’re positioned. That’s what we intend to do. Right? It’s going to be one of those years.
Right. One of many that’s coming.
Okay, what else? Today put call ratio again. NASDAQ again like yesterday, right? NASDAQ rallied back, finished down 30, only 30 points today. Nasdaq was up 30 again. Dow Jones down 170 rust 2000 all time high. Small caps all time high. They did it yesterday. And then today.
Again, Tyler tracks all this like a hawk.
And this news is credible. You probably saw today that the word is this is multi, Bloomberg, a lot of other, you know, highly credible sources, but I believe this one because Musk hasn’t come out and said it’s not true. SpaceX is going public next year with a valuation of as much as $1.5 trillion.
Kip Herriage [00:24:48]:
Now the IPO would only be like a $30 billion offer, but it’s, it’s, it’s pricing the company word at worth 1.5 trillion. That’s how high the share price is going to be.
Kip Herriage [00:25:00]:
And again, Tyler just broke this down for me. I couldn’t believe it when he said it. I had not heard this before.
Kip Herriage [00:25:07]:
Elon Musk owns.
Kip Herriage [00:25:11]:
42% of SpaceX.
Kip Herriage [00:25:17]:
Now. He also has 79% control of the voting stock. So he truly runs this company he wanted to deal with. You may have heard he tried to do this with, with, with Tesla, but the company had already gone public. That had never been done before. Then of course, you know, Zuckerberg took a Facebook public. That’s what he did. Zuckerberg owns 100% of the voting shares, could do whatever he wants to and no one could stop him.
Not that he would. I’m sure they try to find some legal grounds that, you know, you’re insane, right, if you just can give all the way to Cat’s RS or something. But Musk is now worth more than 1. If this valuation proves to be right. Musk is the first trillionaire.
That valuation would be, that would get him evaluate a total, I think Tyler said, of about 1.1 to 1.2 trillion between Tesla and SpaceX. How remarkable. What a remarkable guy. Unbelievable. It’s just, I’ll tell you a quick story. It’s the only Musk story that I have. I haven’t met him.
This is a long time ago. Tesla had gone public and I find this guy on Twitter that’s an engineer at Tesla. And I just start, you know, trying to work him a little bit, trying to, trying to establish a relationship, right. And we wind up, he follows me. He’s no longer on X, by the way. I don’t, I don’t know what he’s doing now, but he’d been there, he’d worked with Musk several years. We wound up having this conversation.
[00:26:52]:
And I said, how does he do that, what he does? And he goes, I’m going to tell you a story I’m going to tell you a story. He goes, kip, I worked with him for several years.
We would all leave for the day not knowing how to solve a problem. We come back the next morning and Musk would have solved it. He goes, this happened a lot and we were just dumbfounded. We came to believe, and we spoke about this between ourselves, that if aliens exist and walk among us, that Elon Musk is an alien because no one can do what he did, what he does every day.
I don’t know if I believe in aliens or not, but if he, if there are, I have to agree with that. It’s Musk. How do you run this many companies that are this big that require this much brain power and not blow your brains out? I mean, seriously, I just told Tyler, I’d like to start one company and make it worth a billion. One, just one company and grow it to a billion dollars. You know, who knows, Maybe we’ll do that. Right? We’ve got some exciting things we’re working on. Right. Got Lost Soldier, you know, we’re all working on that.
And I think that’s certainly going to be, in my opinion, a billion dollar company. Very interesting things, by the way, happening with all Soldier oil and gas. We’re going to have. I talked to Mark today. He’s in New York on some very interesting business. Okay. They announced a deal they have with a company called.
Oh, the symbols is like all. It’s a. The symbol similar to Ultra Petroleum Upland Resources, name of the company. And Mark’s getting to know that CEO really well. They’ve got some very interesting, you know, high potential oil fields in, in Indonesia. Anyway, Mark and I are going to have a long conversation on Saturday. I’m going to get Mark to come join us for an end of the year.
[00:28:51]:
Podcast, Viewer Remembers podcast to talk about everything, not just this happening because a lot of other things happening with Lost Soldier, but this other company and how this might all work together. So again, I just want to start one company. Don’t we all? Wouldn’t it be. Or would we. Would we want the headache and the stress? I mean, I like my life. I don’t know that. I mean, what am I saying? I work 80 hours a week anyway. I just, I don’t have the brain power.
Let’s be honest. I don’t have it. I know I don’t. And with that kind of talk, I never will. I get it right. But it. I don’t know. The point is, how does he do it? No one knows how he does it is he an alien? Maybe that, maybe that, maybe that.
That’ll be my next book. Elon Musk, the alien. We’ll see how that, we’ll see how it plays. What else? Today.
Kip Herriage [00:29:36]:
Again, this market looks strong. Internals today were fine. We’ll cover that in just a moment.
Put call ratio today. Remember we talked about yesterday? Book ratio yesterday was its lowest level in four years. That’s not bullish. Everybody’s buying calls. That’s not what we want to see. Well, guess what, we got our wish today because it bounced back up quite a bit. It opened at a point nine and it closed at a point six. It was, it was in that range, 86 to 9.9 all day.
[00:30:05]:
So people are back to buying puts again. I guess they’re hedging maybe against whatever. Jay Powell is going to come up in a scripted line. Watch it. If he’s got his ear and if he wants to hurt the markets, you’ll see him look to his script and then repeat it verbatim.
That’s some weak sauce right there, is it not?
But again, we’re, we’re, we’ve, of course, you know, we stand, you know, you know, we’re very bullish and going, going into the next year. I don’t need to repeat that again, do I?
Some people are worried and concerned about rates going higher. I covered it yesterday. Not at all. This is a counter trend move. When Trump became President, the 10 year was 4.8%. Now it’s 4.18%. That’s kind of a lot less. Right? Mortgage rates also spiked a little bit here the last week or two.
Kip Herriage [00:30:54]:
But that’s all going to change soon for the better. Inflation. Economic growth does not cause inflation.
Kip Herriage [00:31:03]:
Economic growth does not and has never caused any significant degree of inflation. Little bitty spikes here and there.
Kip Herriage [00:31:14]:
Money printing causes inflation.
Kip Herriage [00:31:18]:
And for some reason this Federal Reserve doesn’t seem to know that. They know. Of course they know. Kevin Hassett sure knows. I’ve heard him say it before. So we’re gonna see a whole new ball game with this Federal Reserve. They don’t like it. Uh, they may push back.
Kip Herriage [00:31:34]:
Who knows what they’re gonna try to do if they want to try to shut him out. Although he’s been fairly well received, you can tell they’re starting to, you know, put their, their, their henchmen out there to talk about, you know, inflation’s gonna soar under Hassett. He’s just gonna be Trump’s puppet. Right? I’m not sure that’s a bad Thing, I mean I, I, I, I trust I’ve said this a hundred times in the last month probably. And I mean it. You give me Donald J. Trump.
And Scott Bessant and if they’re working on a project together and they’re in agreement on the direction that project should go, whatever that project is, America or whatever, I’m with them 100 times out of a hundred over any talking head or you know, a Ph.D. economist. 100 out of 100. And I think I speak for a lot of you when I say that.
[00:32:27]:
So would it necessarily be a bad thing if hass it was Trump’s puppet? I don’t, maybe it’s dangerous to say that. I don’t think it would be. I trust Trump, I trust his instincts. I know he’s got a lot of, he’s still got a lot of haters, a lot of doubters. I get it, I get it, get it. I’m there with you on the jabs and the plandemic. Okay. A few other things, H1B visas, I mean, I’m with you.
They’re just not, they don’t supersede the big things that, that he is doing because America was lost. You know, if he doesn’t win, he didn’t win in 16 then 20 and 24. He went on three. Of course America’s gone, especially 24. You know, we’re already UK where they’re, they’re putting, they’re locking people up for post on social media. Not insignificant times either. Six months to two year. Okay, I’ve seen, I’ve seen this.
Kip Herriage [00:33:15]:
Two year prison sentences for posts that hurt someone feeling. I mean again, they gave up the first Amendment. Excuse me, the second amendment. You knew the first amendment was going to follow. That’s what’s happened in the uk Canada is right behind them. Sadly. I got so many Canadian friends and a lot of Canadian listeners right now.
Maybe you’ll be able to write the ship. Right? But it looks like it’s headed that way and we would have been there if it not for Trump. So again on Trump investment, when it comes to the economy, when it comes to the markets, when it comes to the Federal Reserve, Central bank policy, I want an open and transparent Federal Reserve. They have pure criminals working there. You see, they’re insider traders, right. They’re doing mortgage fraud. What kind of vetting process is going on here? Again, that’s Jay Powell’s job.
That’s Jay Powell’s job. So it’s time for Powell to resign. Again, let’s all put this in the universe that tonight Trump will announce Kevin Hassett as the new Fed chair. And then tomorrow Powell can announce at the beginning of his pressure he’s done and a Merry Christmas to us all. All right, let’s look under the hood today again. Internals fine. They, they weren’t a problem yesterday either. Today we had a slight positive both, it was green everywhere.
Positive everywhere. Both NYSE and NASDAQ both had a positive advanced decline by a few hundred issues. Volume for Both also up NYC up volume 52.7%. Nasdaq up volume 60.4% Again Nasdaq has even, even though we’ve had a little bit of weakness the last few days, some, some sellings been taking place, you know, intraday you’ve probably seen the, the declines intraday. Nasdaq’s just been, just been a beast. As have the semis of course up every day until today. That’s what, 10, 10 straight, 11 straight up days in a row. Only, only today was not for the semis but just down a little bit.
And we also had 235 stocks hit a 52 week high to just 122. Hitting a 52. We low sector watch not much here either. 6 sectors higher, 5 lower. Nothing was up or down more than 1% so no need to talk about it. In our commodity watch. This is I, I, I, I’m so excited about this. Again, our, our, our zoom tonight with Scott Bertol.
Kip Herriage [00:35:44]:
If you don’t own, if you don’t own the stock, at least get to know this guy tonight. See how good your instincts are. Watch this guy tonight and tell me if there’s not something special about Scott Bertol.
Now I know all you Canadians are going to know this name. I don’t know how many Americans will. Robert Friedland. Bob Friedland. That’s one of my questions tonight for Scott. Is he one of your role models? Robert Friedland is this unbelievable.
Mining? You know, he just gold, copper. I mean he, he discovers it, he develops it, he’s a guru in, in the space. I had a chance to meet him once at a conference long time ago, have lunch with him with about another 50 people. But it was fascinating. And we’ve made a lot of money with, with his companies by the way, right. Ivanhoe mines turned into turquoise. It got bought out. I mean between that two runs that we made, I mean probably 20, 100% and it’s in his companies.
And I think that I get the vibe of a Robert Friedland from Scott Bertol. So again tonight you’ll get to make. Make the call for yourself and see what you think. Father, son, team. It’s just a great story. Gold today up 19 bucks. Announced 4236. That’s up 4.10of a percent.
Silver again all time high. Listen up almost 5%. Up 4.72% today. Last trade 61 16. Just off the highs for the day again all time high. Up 110% now for the year. Keep going silver you will. Copper today down 2%.
$5.33. It had a hell of a move. Got extreme robot. This is a very small shakeout here. Probably some people selling copper to buy silver if I had to guess, to be honest with you. Crude oil today, West Tex Intermediate down 48 cents a barrel. 58.40. And finally the day.
Apologies.
I’m trying to get to bitcoin. Bitcoin’s been trading much better. Had a big day today. Again we, we tell you what we’re looking at for liquidity, right? For liquidity we’re tracking the semis and bitcoin that’s both a liquidity tell and a directional tell for the stock market. Okay, Today Bitcoin up 2.3% last 92,974. I thought I saw it over 94 a bit ago. I guess it’s had a bit of a dip. Some very volatile of late.
But again, I think they’re telling us which way this market’s going to go. And I think they’re also telling us which way the Fed, the people aren’t going to care what Jay Powell says. If he makes an ass of himself, that’s on him. I really think he’s already a shadow Fed chair. I really do. And so I think this rate cut tomorrow is going to be perceived exactly as it should be. Third one in a row and the sign of more to come because we don’t have inflation. We’re not going to have inflation.
The innovation revolution is going to cause disinflation, maybe deflation. Bankers don’t like that word. And that’s what 2026 is going to look for. It is a near perfect setup next year for an extraordinary economic and stock market move higher. All right, folks, hey, listen. Look forward to seeing you tonight on our Zoom with the Scott Berdahl and Snowline Gold. And thanks as always for listening. Thanks for your feedback.
Have a great night. We’ll see you back here again tomorrow after the close.
In today's episode, Tyler breaks down a volatile market session shaped by geopolitical tensions, including an escalating Iranian conflict and a high-profile True Social post from Donald Trump. You’ll hear key insights on what’s happening under the surface of the markets, the resilience of the semiconductor sector despite heavy selling, and a dive into sentiment indicators that may surprise you. Tyler also shares his perspectives on the upcoming midterms, why political certainty matters to markets, and delivers an exciting update on SpaceX and its ambitious plans for Mars colonization. Plus, get the latest on sector performance, the Fear & Greed Index, and what the data means for investors looking ahead to the end of the year. Stay tuned for a well-rounded analysis and the contrarian moves shaping today’s market landscape. Tune into today's podcast to learn more.
Welcome to another episode of the VRA Investing Podcast with your host, Tyler Herriage. In today’s show, Tyler Herriage breaks down the strong start to the week for the markets, following a tough sell-off last Friday—the worst day of the year so far for the S&P 500. He discusses why there’s no need to panic, sharing historical stats that reinforce this bull market’s staying power and why short-term dips are just part of the journey. We’ll cover major headlines like Tesla’s surge on the back of big news from their newest major investor—the “Chinese Warren Buffett”—as well as what’s heating up in the IPO world with OpenAI’s recent filing. Tyler Herriage will review key index moves, sentiment readings, sector highlights, internals, and commodities including Bitcoin and notable winners like Galaxy Digital. Plus, he touches on practical investment strategies, the outlook for VRA’s favorite “10 bagger” stocks, and why now could be a generational opportunity for retail investors. Stay tuned for all the essential stats, stories, and actionable insights from today’s market action!
In today's episode, Kip breaks down a turbulent Friday in the markets, where a brutal selloff sent shockwaves through major sectors but also revealed underlying signals of opportunity. From a rare 39% spike in the VIX to sharp declines in semiconductors, gold, and bitcoin, Kip explores why volatility is the true price of admission in bull markets and why panic selling may be the biggest mistake investors can make right now. With insights on recent jobs data, upcoming IPOs, and critical market indicators, this episode is packed with the actionable analysis and contrarian perspective you need to navigate today's market chaos and prepare for the opportunities ahead. Tune into today's podcast to learn more.
In today’s episode, Tyler breaks down a record-setting day in the markets, with the Dow Jones and other major indexes hitting all-time highs. He discusses current market trends, the breadth expansion, and the rotation of this bull market, highlighting the persistent strength beyond the headline-making “Magnificent Seven” stocks. Tune into today's podcast to learn more.
Welcome back to the VRA Investing Podcast! It’s a jam-packed Wednesday as Kip Herriage returns after three days away with an in-depth market update. Today, Kip Herriage breaks down the end of the market’s nine-day winning streak, why he believes this is a "buy the dip" moment, and how the VRA System signals there’s plenty of room left in this powerful, long-lasting bull market. He covers headlines from a parabolic surge in semiconductors and AI stocks, to the impact of global events on oil and rates, and the market’s anticipation for the SpaceX IPO. On the company front, we get updates on Tesla's breakthrough robo-taxi rollouts in Austin and promising news for Lost Soldier investors. Kip Herriage also unpacks the latest in Bitcoin volatility, gold and miners, and why retail investors may be selling the recovery short. Strap in for a fast-moving, insight-packed episode that puts the week’s major financial headlines into sharp focus!
