1
00:00:00,160 --> 00:00:04,320
Speaker 1: Gold, gold and silver crash.

2
00:00:04,440 --> 00:00:08,039
Speaker 2: Last week, Silver had its largest crash is nineteen eighty

3
00:00:08,039 --> 00:00:11,520
Speaker 2: and went down thirty percent on Friday. Gold was down

4
00:00:11,560 --> 00:00:14,640
Speaker 2: fifteen percent one day. That was the largest drop in

5
00:00:15,040 --> 00:00:16,599
Speaker 2: forty years. And a lot of this is due to

6
00:00:17,160 --> 00:00:19,800
Speaker 2: the new FED chair. Allegedly some of it is due

7
00:00:19,840 --> 00:00:21,360
Speaker 2: to the new FED chair. Maybe they just use it

8
00:00:21,400 --> 00:00:24,400
Speaker 2: as an excuse to crash the market.

9
00:00:24,600 --> 00:00:26,040
Speaker 1: What about the new FED chair later?

10
00:00:26,160 --> 00:00:31,319
Speaker 2: But and he's he's interesting because it's like, you know

11
00:00:31,520 --> 00:00:35,800
Speaker 2: he you know he's married to.

12
00:00:34,320 --> 00:00:39,320
Speaker 3: Or tell you I thought that was fascinator Jane Lauder Hello,

13
00:00:39,720 --> 00:00:42,240
Speaker 3: generational wealth. May have heard of the last.

14
00:00:42,120 --> 00:00:48,440
Speaker 2: Name and her father, her father Ronald lawder mm hm.

15
00:00:49,960 --> 00:00:54,360
Speaker 1: Company that they own, it's called Estate Lauder. Perhaps you've

16
00:00:54,400 --> 00:00:54,840
Speaker 1: heard of it.

17
00:00:54,960 --> 00:00:58,400
Speaker 2: Ronald has happens to be one of Donald Trump's best friends,

18
00:00:58,840 --> 00:01:01,520
Speaker 2: and some contribute him to coming up with the idea

19
00:01:01,600 --> 00:01:05,480
Speaker 2: to take Greenland. Yep, they say that that was actually

20
00:01:05,480 --> 00:01:10,679
Speaker 2: his idea. So it's all in the family relationships. Once again,

21
00:01:10,840 --> 00:01:11,880
Speaker 2: power of relationships.

22
00:01:11,920 --> 00:01:12,120
Speaker 1: Right.

23
00:01:12,600 --> 00:01:15,400
Speaker 2: The son in law, Donald Trump's best Friend's son in

24
00:01:15,480 --> 00:01:23,479
Speaker 2: law is now to feed chair. Interesting. Well, that goes

25
00:01:23,480 --> 00:01:26,120
Speaker 2: back to the price of goal. Right, So people that

26
00:01:27,600 --> 00:01:29,480
Speaker 2: it dropped because it's like, Okay, now we're going to

27
00:01:29,520 --> 00:01:32,840
Speaker 2: have a strong dollar because we have a new fed chare.

28
00:01:33,080 --> 00:01:35,039
Speaker 2: But I think that's just temporary, in my opinion, because

29
00:01:35,040 --> 00:01:37,560
Speaker 2: what's going to change. Nothing is really going to change.

30
00:01:38,000 --> 00:01:40,679
Speaker 2: Still going to be spending money, still going to have

31
00:01:40,720 --> 00:01:45,840
Speaker 2: a tremendous amount of debt, still having figured out how

32
00:01:45,880 --> 00:01:53,480
Speaker 2: to actually you know, raise taxes efficiently or cut spending efficiently.

33
00:01:53,920 --> 00:01:57,320
Speaker 2: So the overarching theme at least for goal that may

34
00:01:57,440 --> 00:02:00,680
Speaker 2: goal go up, I don't think anything changed. I just

35
00:02:00,680 --> 00:02:02,640
Speaker 2: think that it was just a short term and like

36
00:02:02,680 --> 00:02:05,160
Speaker 2: I said, some people have claimed some level of market

37
00:02:05,200 --> 00:02:10,160
Speaker 2: manipulation from some half, not us, the the big dogs

38
00:02:10,200 --> 00:02:12,240
Speaker 2: to actually liquid date and clothes. A lot of people

39
00:02:12,280 --> 00:02:15,360
Speaker 2: got squeezed out of positions, a lot of profit taken

40
00:02:15,360 --> 00:02:18,240
Speaker 2: when something happens that drastically, and you know, it went

41
00:02:18,320 --> 00:02:20,400
Speaker 2: up so far so it was it was bound to

42
00:02:20,440 --> 00:02:25,639
Speaker 2: come back down. But the overarching theme that made gold

43
00:02:26,200 --> 00:02:30,120
Speaker 2: go up, I don't think any anything has changed since then.

44
00:02:30,240 --> 00:02:32,119
Speaker 2: I think the confidence in the dollar is still low,

45
00:02:32,360 --> 00:02:34,600
Speaker 2: the debts still high, We're still going to be spending

46
00:02:34,639 --> 00:02:37,119
Speaker 2: a tremendous amount of money. I mean, I don't think

47
00:02:37,720 --> 00:02:40,440
Speaker 2: lowering interest rates just solves every single problem in the world.

48
00:02:40,919 --> 00:02:45,880
Speaker 1: No, yeah, I think you answered it. Yeah, I'll but

49
00:02:46,040 --> 00:02:47,120
Speaker 1: you I don't think anything.

50
00:02:47,520 --> 00:02:49,399
Speaker 4: The only thing that has changed is that people sold

51
00:02:49,440 --> 00:02:51,720
Speaker 4: to run up and decided, all right, this might be

52
00:02:51,800 --> 00:02:53,679
Speaker 4: a place to tay some profit. If we were talking

53
00:02:53,720 --> 00:02:56,960
Speaker 4: about the year end goal being fifty two hundred, fifty

54
00:02:57,120 --> 00:03:01,119
Speaker 4: hundred fifty fifty five hundred and two hundred and it's

55
00:03:01,200 --> 00:03:04,440
Speaker 4: January thirtieth, oh yeah, yea, yeah, yeah, we just take

56
00:03:04,480 --> 00:03:09,119
Speaker 4: a part and to the point where it ran so fast, right,

57
00:03:09,200 --> 00:03:12,440
Speaker 4: we saw new price targets. I saw a couple of

58
00:03:12,480 --> 00:03:14,359
Speaker 4: analysts had it at sixty three hundred.

59
00:03:15,919 --> 00:03:20,520
Speaker 1: It sounds good, Yeah, it sounds good. Yeah.

60
00:03:20,520 --> 00:03:24,200
Speaker 4: So you see these pressures about silver, same thing. The

61
00:03:24,320 --> 00:03:26,520
Speaker 4: story hasn't changed, and I think people need to understand

62
00:03:26,639 --> 00:03:28,680
Speaker 4: and I'm saying that right, like you can watch something

63
00:03:28,720 --> 00:03:30,320
Speaker 4: on a minute, you can watch it on an hourly,

64
00:03:30,320 --> 00:03:33,680
Speaker 4: you can watch them to day. Has the story changed

65
00:03:34,320 --> 00:03:36,480
Speaker 4: And if the story hasn't changed, then the investment is

66
00:03:36,520 --> 00:03:38,240
Speaker 4: going to be the same. Right, people are going to

67
00:03:38,280 --> 00:03:40,839
Speaker 4: take profit, that's part of it. In fact, people need

68
00:03:40,880 --> 00:03:43,160
Speaker 4: to take profit when you see an asset run like that,

69
00:03:43,200 --> 00:03:45,160
Speaker 4: what's your metrics for when you're going to take profit

70
00:03:45,560 --> 00:03:47,040
Speaker 4: or how long you're going to stay in the position.

71
00:03:47,720 --> 00:03:50,520
Speaker 1: And that's that's what we were seeing. The story has

72
00:03:50,520 --> 00:03:52,440
Speaker 1: not changed the government.

73
00:03:53,440 --> 00:03:56,720
Speaker 3: And even on stock side, considerable draw downs Oracle negative

74
00:03:56,720 --> 00:04:00,400
Speaker 3: forty nine, coin Based negative fifty five, The Limited negative

75
00:04:00,440 --> 00:04:03,880
Speaker 3: sixty five, Target negative forty two, Adobe negative fifty three,

76
00:04:03,960 --> 00:04:07,720
Speaker 3: Nike negative fifty two. So when you talk about sector rotation,

77
00:04:07,960 --> 00:04:10,960
Speaker 3: a thing that I hate for retail investors, but one

78
00:04:10,960 --> 00:04:12,840
Speaker 3: thing you do have to be mindful of is how

79
00:04:12,840 --> 00:04:15,560
Speaker 3: do you hedge if the market is falling apart? Gold

80
00:04:15,600 --> 00:04:18,000
Speaker 3: has been a pre eminent asset to investing in for

81
00:04:18,040 --> 00:04:18,960
Speaker 3: a long period of time.

82
00:04:20,240 --> 00:04:21,600
Speaker 1: I think we went up too fast.

83
00:04:22,560 --> 00:04:24,719
Speaker 3: There was some rumors, like you said, by others, of

84
00:04:24,760 --> 00:04:30,720
Speaker 3: market manipulation potentially and how far it felt like big

85
00:04:30,720 --> 00:04:36,560
Speaker 3: institutions need room in order to exit. Some positions got squeezed,

86
00:04:37,120 --> 00:04:40,480
Speaker 3: and here we are. I would like to reintergal at

87
00:04:40,480 --> 00:04:43,720
Speaker 3: forty two nineteen. If we get there in silver as

88
00:04:43,800 --> 00:04:47,240
Speaker 3: sixty three thirty three, do I think we'll go back

89
00:04:47,320 --> 00:04:50,120
Speaker 3: up to fifty two hundred, for sure. It's going to

90
00:04:50,160 --> 00:04:52,480
Speaker 3: take time. But if you missed this first run up

91
00:04:54,000 --> 00:04:55,599
Speaker 3: wait to get back in. And for those you've been

92
00:04:55,800 --> 00:04:57,640
Speaker 3: trade and go futures, great job, Like a lot of

93
00:04:57,680 --> 00:05:00,760
Speaker 3: you have made between ten and forty ran over.

94
00:05:00,640 --> 00:05:01,719
Speaker 1: The last month and a half.

95
00:05:01,960 --> 00:05:04,240
Speaker 3: Yeah, trading it, so stay locked in. But forty two

96
00:05:04,320 --> 00:05:07,280
Speaker 3: nineteen is an area that I like to load up

97
00:05:07,320 --> 00:05:10,480
Speaker 3: on gold and then silver sixty seven to thirty three.

98
00:05:10,960 --> 00:05:14,440
Speaker 4: I think people like they look at us themselves as

99
00:05:14,520 --> 00:05:17,640
Speaker 4: obviously retail investors, and sometimes you'll you'll see a position

100
00:05:17,720 --> 00:05:20,839
Speaker 4: running like, man, I missed it, and it keeps running, right,

101
00:05:20,880 --> 00:05:25,599
Speaker 4: But you gotta think there's institutional investors and hedge fund managers.

102
00:05:25,320 --> 00:05:26,560
Speaker 1: Who are in the same exact boat.

103
00:05:27,160 --> 00:05:30,360
Speaker 4: Absolutely, they're in the same exact boat with a lotwa capital.

104
00:05:30,720 --> 00:05:33,080
Speaker 4: And then like I missed that run, we you know,

105
00:05:33,160 --> 00:05:35,080
Speaker 4: I can't wait. We got to have a pullback for

106
00:05:35,160 --> 00:05:38,400
Speaker 4: us to get into that position in low and behold,

107
00:05:38,440 --> 00:05:40,680
Speaker 4: you'll see short sells and okay, here comes a new

108
00:05:41,040 --> 00:05:44,240
Speaker 4: opportunity for us to enter a position. You'll enter it

109
00:05:44,320 --> 00:05:45,800
Speaker 4: and you'll see it tick back up.

110
00:05:46,440 --> 00:05:48,719
Speaker 1: Yeah. Okay.

111
00:05:48,839 --> 00:05:51,320
Speaker 2: The thing with gold is that over the last fifty years,

112
00:05:52,080 --> 00:05:57,200
Speaker 2: gold has increased twenty seven over the last fifty years, yep,

113
00:05:57,560 --> 00:06:00,880
Speaker 2: and the American dollar has dec the value of the

114
00:06:00,880 --> 00:06:05,200
Speaker 2: American dollar has decreased eighty five percent. So do do

115
00:06:05,520 --> 00:06:09,120
Speaker 2: with that information which you would like. But gold has

116
00:06:09,160 --> 00:06:11,880
Speaker 2: gone up twenty seven hundred percent over the last fifteen years,

117
00:06:12,120 --> 00:06:15,880
Speaker 2: fifty years, and the dollar has decreased in value eighty

118
00:06:15,960 --> 00:06:19,240
Speaker 2: five percent over the last fifty years. So if history

119
00:06:19,279 --> 00:06:22,320
Speaker 2: has any indication, there's no there's no need to panic

120
00:06:22,360 --> 00:06:23,040
Speaker 2: on the gold.

121
00:06:22,839 --> 00:06:24,240
Speaker 1: Side, oh for sure. Yeah.

122
00:06:24,279 --> 00:06:26,320
Speaker 3: And that won't reverse anytime soon.

123
00:06:27,000 --> 00:06:29,320
Speaker 4: Yeah, And that's and that's when we talk about long

124
00:06:29,400 --> 00:06:30,240
Speaker 4: term investment.

125
00:06:30,320 --> 00:06:31,240
Speaker 1: You know, you just keep it