1 00:00:00,080 --> 00:00:03,720 The banking system is going extinct. To say what is Nobody wants to say 2 00:00:03,759 --> 00:00:06,879 that it's going away. And that's why I told my members we're not touching. 3 00:00:06,960 --> 00:00:10,320 We're not touching these banks. I want nothing to do with them. 4 00:00:10,320 --> 00:00:14,480 The pattern is so bad, it's so broken. There is no reason to 5 00:00:14,519 --> 00:00:18,160 get involved in these names. We have no edge over that market right now. 6 00:00:18,199 --> 00:00:20,760 And I know some people on TV they're saying, hey, you got 7 00:00:20,879 --> 00:00:26,559 the banking system is going extinct like the way of the fake dinosaurs. You're 8 00:00:26,559 --> 00:00:31,920 listening to Carrie Letz's Financial Survival Network, where you get valuable information you just 9 00:00:32,039 --> 00:00:37,719 can't find anywhere else to thrive in today's trying times. You need the Financial 10 00:00:37,799 --> 00:00:43,640 Survival Network now more than ever. Go to Financial Survival Network dot com and 11 00:00:43,719 --> 00:00:50,200 get your free newsletter and gift. Financial Survival Network now more than ever. 12 00:00:53,679 --> 00:00:57,560 Welcome. This is Financial Survival Network. I'm your host, Carrie lets We 13 00:00:57,640 --> 00:01:02,039 got Nick Santiago with us today. Nick. Hey, well, first we'll 14 00:01:02,039 --> 00:01:07,439 do our daily market to wrap up it's actually three times per week, but 15 00:01:07,879 --> 00:01:14,480 and then we'll get into more of the macro type view of the world, 16 00:01:14,519 --> 00:01:19,680 the economy, etc. So first off, the markets looking choppy, today. 17 00:01:19,959 --> 00:01:23,560 Yeah, the markets are very choppy today, and in fact, they've 18 00:01:23,599 --> 00:01:26,920 been choppy for you can make a case for the last six weeks. You 19 00:01:26,920 --> 00:01:29,239 know, we go up for a couple of days, we go down for 20 00:01:29,280 --> 00:01:32,640 a little bit. But one thing I've noticed carry and that's this is something 21 00:01:32,680 --> 00:01:36,319 that should be very important to the listeners, is that the volume trends have 22 00:01:36,439 --> 00:01:41,280 been extremely light since late March, and that's what's helped keep these markets buoyant. 23 00:01:41,400 --> 00:01:44,840 A lot of people think when markets go up on light volume that that 24 00:01:45,040 --> 00:01:49,560 is just the retail investor or the retail trader pushing it up. But it's 25 00:01:49,640 --> 00:01:53,000 not. It's the institutional trader pushing the market up and keeping it up. 26 00:01:53,280 --> 00:01:57,040 And when you get selling pressure and you get high volumes, say one hundred 27 00:01:57,079 --> 00:02:00,799 million shares of more in the spiders, that's telling you this real, real 28 00:02:00,920 --> 00:02:06,359 institutional sell side pressure on the market. If you don't get that, just 29 00:02:06,480 --> 00:02:09,159 to expect the markets to remain buoyant. And you know, I try to 30 00:02:09,199 --> 00:02:14,759 explain that a lot of times to my listeners in there almost like program to 31 00:02:14,840 --> 00:02:17,879 think that, oh, it's just a retail trader pushing the markets up. 32 00:02:17,919 --> 00:02:23,439 It's never the retail trader that ever moves markets. You can go back to 33 00:02:23,479 --> 00:02:28,120 the mean stocks and know those Reddit boards, that's still institutional traders. So 34 00:02:28,280 --> 00:02:32,599 just remember, light volume keeps a buoyant upside market. Heavy volume almost every 35 00:02:32,639 --> 00:02:38,240 time except at a major low, you're going to see downside action. Yeah, 36 00:02:38,319 --> 00:02:40,520 yeah, yeah, we've seen that over and over past years that we've 37 00:02:40,560 --> 00:02:46,639 been doing the show. Exactly what you're describing. And light volume is easier 38 00:02:46,639 --> 00:02:50,639 to manipulate the market up or down for that matter, absolutely, and it 39 00:02:50,759 --> 00:02:53,960 just there's no selling pressure, so you only have to have, you know, 40 00:02:53,400 --> 00:02:59,639 a small buy program of SMP futures contracts to move the market anyway you 41 00:02:59,680 --> 00:03:04,520 want. And now they got this ODT which expires the same day, same 42 00:03:04,599 --> 00:03:07,800 day vix. I mean, there's just so much manipulation going on are intra 43 00:03:07,919 --> 00:03:13,080 day it's rather remarkable. I can't tell you how many times I see the 44 00:03:13,199 --> 00:03:16,520 markets have a hard sell off and then by twelve twelve o'clock in the afternoon, 45 00:03:16,599 --> 00:03:20,280 one o'clock in the afternoon, they just flow right back up to the 46 00:03:20,360 --> 00:03:23,120 high. It's like nothing ever happened. And that's why I always tell you 47 00:03:23,159 --> 00:03:24,960 it's not how they opened, it's how they close. And that's what you 48 00:03:25,000 --> 00:03:30,919 have to watch for right. Hey, so Twitter, Elon has hired a 49 00:03:30,000 --> 00:03:37,199 new CEO for Twitter, and she looks to be a well I don't know 50 00:03:37,439 --> 00:03:43,439 what she is, but she's the former head of NBC Universal. So what's 51 00:03:43,479 --> 00:03:47,360 this about. Well, I've been getting videos sent by her all day long, 52 00:03:47,960 --> 00:03:51,960 actually started last night, and I must have watched ten of them. 53 00:03:52,240 --> 00:03:55,800 So you know, she was one of those people mask up and ship out 54 00:03:55,879 --> 00:04:00,879 and all of this stuff. So I think Twitter's on even going to revert 55 00:04:00,000 --> 00:04:04,520 back to the way it was. Elon came in, you got everybody excited 56 00:04:04,560 --> 00:04:09,000 thinking it's going to be a free speech platform. I'm not so sure that 57 00:04:09,080 --> 00:04:13,280 I wouldn't wouldn't buy into that one. We'll see how she is when she 58 00:04:13,319 --> 00:04:16,040 gets on board, but I have to think she's a lefty all the way 59 00:04:16,079 --> 00:04:19,079 through and through. And you know, again, all you want is just 60 00:04:19,160 --> 00:04:23,639 somebody to be fair. I mean that's all people want. They just want, 61 00:04:23,680 --> 00:04:27,879 you know, somewhere where they can share and expressed vevues without being shadow 62 00:04:27,920 --> 00:04:31,279 banned or without being blocked or you know. But again, you know, 63 00:04:31,360 --> 00:04:34,720 all of these platforms have an agenda. If you ask me, yeah, 64 00:04:34,720 --> 00:04:39,360 no doubt. Well hopefully it won't go back to the way it was because 65 00:04:40,639 --> 00:04:45,560 whatever you say about Musk is opening the platform up has led to higher and 66 00:04:45,680 --> 00:04:50,560 higher viewership and more importantly, people spending more time on the site. And 67 00:04:50,920 --> 00:04:55,600 if they switch, if they keep it open and they switch and start doing 68 00:04:55,759 --> 00:05:00,680 videos and video advertising, they will crush all the pettitors just by being a 69 00:05:00,720 --> 00:05:05,079 free and open platform. So hopefully they won't revert. But I'm not convinced 70 00:05:05,439 --> 00:05:10,519 the proof of the pudding is in the tasting, as they say. So, 71 00:05:11,199 --> 00:05:15,839 energy today is looking better. Huh, Yeah, Energy's firmed up today. 72 00:05:15,879 --> 00:05:17,519 I mean, we have some news out there, I think by the 73 00:05:17,560 --> 00:05:20,720 Department of Energy. They basically came out and said they're gonna fill up the 74 00:05:20,800 --> 00:05:26,680 Strategic Petroleum Reserve in June. Now, why haven't they done that already when 75 00:05:26,720 --> 00:05:30,319 the price has gone you know, even we went to sub seventy recently is 76 00:05:30,360 --> 00:05:34,720 beyond me. But you know, that's giving energy a little bit of a 77 00:05:34,759 --> 00:05:38,639 bump. I don't know if that news is going to be long lasting. 78 00:05:39,639 --> 00:05:43,040 I still think oil is in a very very tough position here. If it 79 00:05:43,079 --> 00:05:46,480 loses the recent pivot low from this month, the oil is going to go 80 00:05:46,519 --> 00:05:49,000 down to fifty dollars now. When it gets down to fifty though, if 81 00:05:49,040 --> 00:05:54,160 it should or should it get there, that's going to be a monster buying 82 00:05:54,160 --> 00:05:58,120 opportunity. We'll see who is willing to step up when that happens. All 83 00:05:58,160 --> 00:06:01,920 right, And goal, the goal dipped yesterday and today, what's going on 84 00:06:01,959 --> 00:06:05,199 with it? Yeah, gold kind of is flat right now, but he 85 00:06:05,279 --> 00:06:09,040 had a little bit of a sell off. The bigger story though, was 86 00:06:09,079 --> 00:06:12,879 silver. Silver really got hit hard yesterday, that had a big, big 87 00:06:12,920 --> 00:06:15,720 decline and today silver is on the weaker side as we speak right now, 88 00:06:15,800 --> 00:06:20,079 So that's something I would have to watch for. But I'm open for silver 89 00:06:20,199 --> 00:06:24,560 two fold back. As you know, I'm looking to get back into silver 90 00:06:24,680 --> 00:06:30,839 soon and I'm welcoming this fall in the commodity. What do you think at 91 00:06:30,199 --> 00:06:34,120 entry point? What is the entry point you're looking for for silver? Rein 92 00:06:34,240 --> 00:06:39,439 Well, I'm thinking if if it can. I forget the key levels I 93 00:06:39,480 --> 00:06:41,839 had, um, I don't have them in front of me, But what 94 00:06:41,959 --> 00:06:45,759 I would say is if we could get down into that twenty dollar area, 95 00:06:46,199 --> 00:06:50,040 I really think that's probably a starting entry point for a long pole. And 96 00:06:50,120 --> 00:06:54,160 when I mean a long fall, I'm ultimately looking for silver to go into 97 00:06:54,199 --> 00:06:58,199 the to the load of mid thirties. Okay, and yeah, well you 98 00:06:58,279 --> 00:07:03,439 called the load to vantine and you know you haven't backed off up to this 99 00:07:03,519 --> 00:07:09,279 point. You've been very bullish on it. You think there's a consolidation here 100 00:07:09,600 --> 00:07:13,439 or something. Yeah. So I think the latest run up that we had 101 00:07:13,480 --> 00:07:15,879 in silver and in gold was really on the back of fear was it was 102 00:07:15,920 --> 00:07:20,040 really on the back of the central bankers, you know, making a bad 103 00:07:20,160 --> 00:07:24,720 blunder with the inverted yield curve and all these banks, you know, original 104 00:07:24,720 --> 00:07:28,000 banks are in trouble and they still are. Nothing has changed there. So 105 00:07:28,120 --> 00:07:31,639 I think now you're starting to see because the markets have held up so much, 106 00:07:31,680 --> 00:07:35,240 everybody's thinking the Fed he's done. You know, the Fed fundrated way 107 00:07:35,279 --> 00:07:39,759 above the two year Treasury note yield. So I think gold and silver just 108 00:07:39,920 --> 00:07:43,480 ran up on the fact that, hey, there's uncertainty out here, I'm 109 00:07:43,519 --> 00:07:46,879 going to own precious metals. But that is telling you what's going to go 110 00:07:46,920 --> 00:07:48,319 on in the future. What's going to go on in the next couple of 111 00:07:48,360 --> 00:07:51,759 years. Everybody's going to run to a hard asset. They're not going to 112 00:07:51,879 --> 00:07:56,519 look to be in X y Z. They're gonna say Hey, I want 113 00:07:56,519 --> 00:07:58,920 to be in gold. I want to be in silver. I want to 114 00:07:58,920 --> 00:08:01,399 be in oil, I want to be in neck gass, I want to 115 00:08:01,439 --> 00:08:03,639 be in weak. I want to be something that I can take possession of. 116 00:08:05,120 --> 00:08:07,959 And now we're not going to totally take possession of it, but that's 117 00:08:07,680 --> 00:08:11,560 what things that people are gonna need, and that's where you're going to see 118 00:08:11,600 --> 00:08:15,800 going forward. That's going to be the theme. I think we're in the 119 00:08:15,879 --> 00:08:20,160 infancy of that of those moves, and you're going to get a giant commodity 120 00:08:20,240 --> 00:08:24,240 breakout. That's what will take place, and where we're already up on the 121 00:08:24,519 --> 00:08:28,519 cusp of that happening. Now. Okay, So and one other thing, 122 00:08:28,600 --> 00:08:37,159 Bitcoin back under twenty seven thousand. Is this the beginning of the end for 123 00:08:37,279 --> 00:08:41,240 bitcoin? It could be. It could be, But I had bitcoin making 124 00:08:41,399 --> 00:08:45,440 one more surge, making a nominal high, and I think that's it. 125 00:08:45,720 --> 00:08:50,000 So either way, there's still that chance of one more pushing bitcoin. But 126 00:08:50,120 --> 00:08:52,600 it's already starting to look top heavy here, so I would be very very 127 00:08:52,600 --> 00:08:56,200 cautious with it. But if you get one more pop, one more maybe 128 00:08:56,360 --> 00:09:00,559 just a nominal new eye. I don't have the exact number was in front 129 00:09:00,559 --> 00:09:03,000 of me, but that that would be it for Bitcoin. If it could 130 00:09:03,000 --> 00:09:07,720 even do that, I'm not sure it's even gonna happen. Okay, I'm 131 00:09:07,759 --> 00:09:11,840 with you on that, just seeing it very looking, very weak, and 132 00:09:13,840 --> 00:09:16,559 without a doubt this the last few weeks, we've seen so much chop, 133 00:09:16,679 --> 00:09:22,080 so much volatility. You know, you're seeing that the rally that's taking place 134 00:09:22,519 --> 00:09:26,639 for the last couple of months is in jeopardy, and that that is certainly, 135 00:09:28,080 --> 00:09:30,600 you know, but a lot of times what these markets do, and 136 00:09:30,639 --> 00:09:33,399 not just Bitcoin, it's any market for that matter, they'll have that period 137 00:09:33,440 --> 00:09:37,360 and then they'll get one more move back up and they'll get everybody on board, 138 00:09:37,399 --> 00:09:41,200 and that's when they pull the rug out. So I would watch for 139 00:09:41,279 --> 00:09:43,360 that pattern, and that's what I've told my members. You know, we're 140 00:09:43,360 --> 00:09:48,879 looking for that. Okay, I think that's reasonable, all right, So 141 00:09:48,960 --> 00:09:54,279 let's get into a more global macro perspective. First, the banking crisis, 142 00:09:54,360 --> 00:10:01,559 which has really been sucking up all the oxygen in in the news cycle for 143 00:10:01,679 --> 00:10:05,200 weeks now. I think we're onto like six weeks. This thing's been going 144 00:10:05,279 --> 00:10:09,440 on with no let up in sight. Where does it end? How does 145 00:10:09,480 --> 00:10:13,279 it end? Well, it's not going to end pretty because you've already had 146 00:10:13,360 --> 00:10:18,679 three major bank failures. You know, a lot of people are saying this 147 00:10:18,799 --> 00:10:20,720 is like the savings and loan crisis, but I think it's a little bit 148 00:10:20,720 --> 00:10:26,720 more severe, and I would be very very careful here with these financials. 149 00:10:26,759 --> 00:10:30,440 Now. We know that there was a discount window opened up by the Federal 150 00:10:30,480 --> 00:10:35,000 Reserve allowing these banks to say, very very liquid. But we're seeing so 151 00:10:35,120 --> 00:10:39,519 much money now going into money markets right everybody's you know, running in there 152 00:10:39,559 --> 00:10:46,799 to get some yield. This is just not healthy. The inverted yield curve 153 00:10:46,879 --> 00:10:50,080 is still in place between twos and tens, so yes, yields have gone 154 00:10:50,080 --> 00:10:54,639 down. Maybe the spread is tightened between twos and tens, but it's still 155 00:10:54,679 --> 00:10:56,600 there. It's been there for over a year. So you know this, 156 00:10:56,600 --> 00:11:00,519 this is a big problem. This is not going to end any time soon. 157 00:11:00,879 --> 00:11:03,200 I would avoid all financials. I am not touching them. I have 158 00:11:03,240 --> 00:11:07,440 told my group already we have no edge in the financial game, because what 159 00:11:07,480 --> 00:11:11,639 happens is if there's really a calamity here, you're gonna see the central banks. 160 00:11:11,960 --> 00:11:16,000 What are they gonna do a QE. They're gonna cut rates. That's 161 00:11:16,000 --> 00:11:18,440 gonna cause a rally. In fact, you could make a case that since 162 00:11:18,519 --> 00:11:24,039 March thirteenth, the markets have gone up on the expectations that the FETE is 163 00:11:24,080 --> 00:11:28,399 gonna cut. So again the central bankers have their nose in the event, 164 00:11:28,480 --> 00:11:31,799 in the business. And you know, honestly, these banks are not looking 165 00:11:31,840 --> 00:11:37,360 great. And you've seen a ton of money flood over to JP Morgan. 166 00:11:37,559 --> 00:11:39,679 But when I look at a chart of Bank of America, where a chart 167 00:11:41,240 --> 00:11:43,919 of city group, where Wells Fargo, those three don't look that good. 168 00:11:45,600 --> 00:11:50,159 JP Morgan seems to be the only one holding up. So there's more of 169 00:11:50,200 --> 00:11:54,960 a problem than is meeting the eye. I'm not a good person to tell 170 00:11:54,000 --> 00:11:58,080 you the catalyst. I'm never good at that. I could just tell you 171 00:11:58,080 --> 00:12:01,000 what the charts are saying, and they're not saying anything good right now, 172 00:12:01,559 --> 00:12:05,120 right And there was a report I think I saw two days ago and then 173 00:12:05,120 --> 00:12:13,480 it like disappeared off the screens that deposits in the major banks were down half 174 00:12:13,480 --> 00:12:16,759 a billion, half a trillion dollars, that's five hundred billion. That's not 175 00:12:18,080 --> 00:12:22,720 a good indicator that ball as well with the banking system. No, no, 176 00:12:22,000 --> 00:12:26,200 it's not good. And you know, after we saw what happened when 177 00:12:26,279 --> 00:12:31,759 First Republic get bought out for nothing, right, it was just basically taken 178 00:12:31,799 --> 00:12:35,360 over by JP Morgan. Now we got pack West. Now you have Western 179 00:12:35,399 --> 00:12:39,240 Lines, you have so many others. It's like a domino table, right, 180 00:12:39,279 --> 00:12:43,000 one's going you know, one goes down, the rust go down. 181 00:12:43,320 --> 00:12:46,720 We have four thousand regional banks, I think we used to have a ton 182 00:12:46,840 --> 00:12:50,919 more, and you know, by the time this is over, we'll probably 183 00:12:50,960 --> 00:12:54,440 have two thousand. Who knows you think? Is this setting the table for 184 00:12:54,519 --> 00:12:58,720 the central bank digital currency? Is that what this is all about? Oh? 185 00:13:00,000 --> 00:13:03,600 Absolutely? I mean ye had Christine Lagarde get pranked by somebody that acted 186 00:13:03,639 --> 00:13:07,639 like voldemire Z Lensky. I didn't know if it was true or not. 187 00:13:07,759 --> 00:13:13,879 And apparently it's true. And she's already talking about a digital euro coming out 188 00:13:13,919 --> 00:13:18,279 in October that's going to have spending limits on it. Then in July we 189 00:13:18,320 --> 00:13:22,120 have fed Now. So if you look at the fed now program, I 190 00:13:22,159 --> 00:13:26,080 mean thousands of companies have already signed up to that. That's basically eliminating all 191 00:13:26,200 --> 00:13:31,080 banks, right because you could just have a money transfer immediately, you don't 192 00:13:31,120 --> 00:13:35,120 have to do any clearing, any anything like that. It's just going to 193 00:13:35,200 --> 00:13:41,000 be instantaneous transactions, much like it is on the blockchain. So this is 194 00:13:41,039 --> 00:13:43,519 all set in the stage up for central bank digital currency. I don't think 195 00:13:43,559 --> 00:13:48,600 the US is going to roll that out immediately, but with FED now they'll 196 00:13:48,600 --> 00:13:52,879 get more and more companies involved, and then then then they'll start with the 197 00:13:52,919 --> 00:13:56,360 saving of me. See, so if there's no banking sector. Now, 198 00:13:56,759 --> 00:14:01,679 going back to the beginnings of capitalism and America, the purpose of the banking 199 00:14:01,720 --> 00:14:05,320 sector was to allocate capital. You would deposit your money in there to keep 200 00:14:05,360 --> 00:14:11,080 it safe, to earn a return, and they would find worthy borrowers and 201 00:14:11,440 --> 00:14:16,960 basically make loans. Now that's all changed. They don't even make any money 202 00:14:16,039 --> 00:14:20,679 off of that stuff anymore. They make more money on fees like bounce check 203 00:14:20,720 --> 00:14:24,679 fees, which some of them are creditive now because there is no reason for 204 00:14:24,720 --> 00:14:28,720 a bank check a bounce check fee, because when your check bounces, it's 205 00:14:28,720 --> 00:14:33,480 all digital anyway. It doesn't cost him anything. You know. That used 206 00:14:33,519 --> 00:14:35,639 to be like the clerk had to stamp it and then they had to mill 207 00:14:35,720 --> 00:14:39,919 it back to you or call you on the phone to make good. None 208 00:14:39,960 --> 00:14:45,919 of that happens anymore. So it's a really they don't allocate capital anymore. 209 00:14:46,000 --> 00:14:52,039 So there's the Central Bank just going to make loans, direct loans to borrowers. 210 00:14:52,159 --> 00:14:54,720 Is that how they're going to make mortgages. I mean they're doing it 211 00:14:54,759 --> 00:14:58,679 now. All real estate mortgages, as a practical matter, except for huge 212 00:15:00,000 --> 00:15:05,440 bumbos, are guaranteed by the government. Effectively, they're making government loans, 213 00:15:05,960 --> 00:15:09,919 right, And essentially the banking system is going extinct. Just say what is? 214 00:15:11,000 --> 00:15:13,440 Nobody wants to say that it's going away. And that's why I told 215 00:15:13,440 --> 00:15:18,559 my members we're not touching. We're not touching these banks. I want nothing 216 00:15:18,720 --> 00:15:22,200 to do with them. The pattern is so bad, it's so broken. 217 00:15:22,799 --> 00:15:26,440 There is no reason to get involved in these names. We have no edge 218 00:15:26,559 --> 00:15:28,840 over that market right now. And I know some people on TV and you're 219 00:15:28,879 --> 00:15:35,039 saying, hey, you got the banking system is going extinct like the way 220 00:15:35,080 --> 00:15:39,159 of the fake dinosaurs. Yeah. Hey, So you know, I was 221 00:15:39,200 --> 00:15:43,759 talking with my friend John Rabino about this, and you know, he was 222 00:15:43,840 --> 00:15:46,399 dollar collapse. He's really knowledgeable. I'm saying, well, maybe we'll go 223 00:15:46,440 --> 00:15:50,480 back to the days so the FED to get you to buy in to the 224 00:15:50,919 --> 00:16:00,519 CBDC, they'll start giving out toasters and coffee makers so open account at the 225 00:16:00,600 --> 00:16:06,759 CVDC account window at the FED and get a free flat screen TV. Right, 226 00:16:07,159 --> 00:16:08,559 yeah, yeah, that's you know, I remember those days. They 227 00:16:08,559 --> 00:16:15,639 weren't that long ago. I know, I remember people and young people don't 228 00:16:15,679 --> 00:16:18,919 know those days. They don't remember those days. Yeah, I remember, 229 00:16:18,960 --> 00:16:21,600 like I got all this money from on bar mitzvah, and we opened like 230 00:16:21,679 --> 00:16:26,600 ten different accounts and ten different banks. I had like radios, and there 231 00:16:26,600 --> 00:16:30,879 were such things your own crazy eddie. You could start your own little client 232 00:16:32,000 --> 00:16:34,200 store. Hey, if we only had eBay then I could have sold it. 233 00:16:34,240 --> 00:16:40,360 But I mean it's absurd. But you know they're gonna incentivize you. 234 00:16:40,919 --> 00:16:48,000 Maybe it'll be a gift card to best Buy or a card accredited a whole 235 00:16:48,000 --> 00:16:51,039 Soon. If you wanted to get a vaccine, they gave you a free 236 00:16:51,039 --> 00:16:53,799 Crispy Creme donut, or in New York they gave you a French fries. 237 00:16:53,919 --> 00:16:57,039 Right, I mean, yeah, well that's worth it. So you know 238 00:16:57,080 --> 00:17:03,200 they'll be giving up McDonald's a big acts. They have to do something right. 239 00:17:03,359 --> 00:17:07,920 They have to make people want to do this. They always have a 240 00:17:07,960 --> 00:17:12,759 way though. Um listen, they're twenty steps ahead of everybody else, you 241 00:17:12,759 --> 00:17:17,480 know, I can't think that people act like the Federal Reserve is stupid. 242 00:17:17,799 --> 00:17:23,119 These guys have MBA's, PhDs, mathematicians, statisticians, you name it. 243 00:17:23,160 --> 00:17:27,000 They got everybody at their disposal there. How could they miss this? Just 244 00:17:27,039 --> 00:17:33,960 like transitory inflashing, they possibly miss that. Yeah, well yeah, I 245 00:17:33,000 --> 00:17:37,759 always say the best things in life are transitory. But but you know, 246 00:17:38,200 --> 00:17:42,400 like, yeah, they've got and they've got the direct data feeds from everything. 247 00:17:42,720 --> 00:17:48,640 Believe me, you don't think in every at one Liberty Plaza there in 248 00:17:48,680 --> 00:17:51,400 New York, which they used to work right around the corner for it, 249 00:17:51,680 --> 00:17:56,079 they don't have a direct feed and they don't see every single unemployment claim coming 250 00:17:56,079 --> 00:18:00,799 in. Of course, they do everything, all data everything. And you 251 00:18:00,880 --> 00:18:04,599 know something, I've watched like the not just JAYE. Powell, but I've 252 00:18:04,599 --> 00:18:08,960 watched all of these FED chairmen over the years, old press conferences, and 253 00:18:10,039 --> 00:18:12,480 there have been times when the market is just plunging and then they could just 254 00:18:12,759 --> 00:18:18,240 automatically say something and turn it right back around. They flip a switch. 255 00:18:18,400 --> 00:18:22,119 Right. That's like we're calling in our trading when we call it the magic 256 00:18:22,200 --> 00:18:26,680 wand yeah, weave the magic wand without anybody knowing, and it goes right 257 00:18:26,680 --> 00:18:30,160 back up and levitates. So you know, this stuff's been going on for 258 00:18:30,359 --> 00:18:34,720 ages, but you we're at a time now where, um, if you're 259 00:18:34,720 --> 00:18:41,519 gonna tell me that they couldn't these so cold bankers out there with an inverted 260 00:18:41,559 --> 00:18:45,200 yield curve couldn't make adjustments earlier, I just don't buy it. I don't 261 00:18:45,240 --> 00:18:48,319 buy it. Maybe I'm just a skeptic. But you know, they knew 262 00:18:48,359 --> 00:18:53,519 there would be problems with their current investments because all they're doing is parking money. 263 00:18:53,799 --> 00:18:56,680 They're, like you said, they're not making money elsewhere, They're just 264 00:18:56,759 --> 00:19:00,960 parking money. So it none of it makes any sense to me. I 265 00:19:02,000 --> 00:19:03,920 don't buy into any of it. Maybe I'm just too much into skeptic. 266 00:19:04,400 --> 00:19:10,400 All right, So interest rates they're gonna well first housing stocks, and this 267 00:19:10,519 --> 00:19:14,960 is intimately tied to interest rates. They've been going higher recently, right, 268 00:19:15,039 --> 00:19:18,480 they've been on a tear on a tear. You know, I bought puts 269 00:19:18,519 --> 00:19:22,119 on Kabe Holmes, had a couple opportunities to make some money and have my 270 00:19:22,200 --> 00:19:26,160 put options. They're gonna expire worthless because they've just gone higher and higher. 271 00:19:26,319 --> 00:19:30,160 So it's on the anticipation that the feed is going to start to cut rates. 272 00:19:30,480 --> 00:19:34,599 But they can't. They really can't cut rates because we're gonna get in 273 00:19:34,720 --> 00:19:40,599 We're gonna get inflation back in droves. You've got wars going on, got 274 00:19:40,640 --> 00:19:42,519 a war going on in Sudan, nobody's even talking about. It's like a 275 00:19:42,559 --> 00:19:48,079 proxy war for Russia in the United States. Besides what's going on in Russia 276 00:19:48,119 --> 00:19:51,599 and Ukraine. Then as you get China going into Taiwan, I mean you're 277 00:19:51,640 --> 00:19:56,079 gonna get bank supply disruptions. What's gonna happen with the inflation right then we're 278 00:19:56,119 --> 00:20:00,599 gonna we're gonna soar. The Fed knows this, they're not dumb. So 279 00:20:00,079 --> 00:20:03,920 but maybe they're done raising for now with the whole under the guise of the 280 00:20:03,960 --> 00:20:08,839 banking crisis, without a doubt. And they can be done because the Fed 281 00:20:08,880 --> 00:20:12,720 funds rate is at five percent and the two year Treasury note yield is just 282 00:20:12,880 --> 00:20:17,440 under four. So you know, they as long as they're above that two 283 00:20:17,519 --> 00:20:19,400 year, that's what the market is looking at saying, hey, they could 284 00:20:19,440 --> 00:20:22,720 be, they could be done. They could cut without about a point in 285 00:20:22,759 --> 00:20:26,000 between the two year and the Fed funds rate. The Fed funds rates at 286 00:20:26,000 --> 00:20:29,640 five, you know, we don't even need a central bank. If we 287 00:20:29,759 --> 00:20:33,759 just let the Fed funds rate track the two year mind, it's natural rate, 288 00:20:34,119 --> 00:20:38,440 right, that's right, There is a natural rate of interest rate on 289 00:20:38,960 --> 00:20:44,240 money, and we don't really know what it is because the Fed manipulates it 290 00:20:44,240 --> 00:20:48,319 because it's all part of central bank central planning. They're the ultimate central planners, 291 00:20:48,359 --> 00:20:52,920 the central banks. Right, that's absolutely correct. All you have to 292 00:20:52,920 --> 00:20:56,440 do is just let that so called Fed funds rate track the two year Treasury 293 00:20:56,480 --> 00:21:02,359 note yield. Every veteran trader in the world knows that, and that's you 294 00:21:02,400 --> 00:21:06,079 know, and that's why you know, we can tell when there's liquidity in 295 00:21:06,079 --> 00:21:08,400 the system and known there's liquidity coming out of the system. Right now, 296 00:21:08,720 --> 00:21:12,640 there's still some liquidity in this system, and with this banking crisis, that's 297 00:21:12,680 --> 00:21:17,960 been the reason why we've had a rally, right yeah, because they've been 298 00:21:18,440 --> 00:21:23,240 priming the presses, pumping up money. That's it. Boo commodities, you 299 00:21:23,319 --> 00:21:29,759 mentioned that new commodity super cycle does that for everything, all commodities, for 300 00:21:30,039 --> 00:21:37,480 everything, everything, so from coffee to a corn to gold and silver platinum. 301 00:21:37,720 --> 00:21:40,400 Yeah. Yeah, they're not gonna go. They're they're not going to 302 00:21:40,480 --> 00:21:44,480 all go at the same time. They'll be different starts and fits for different 303 00:21:44,519 --> 00:21:48,599 things, because you know, money rotates, but it's they're all gonna rise, 304 00:21:48,720 --> 00:21:52,400 they're all gonna I mean, they'll probably be one or two groups that 305 00:21:52,480 --> 00:21:56,359 won't participate. But you're gonna see oil two hundred dollars a barrel. You're 306 00:21:56,359 --> 00:22:00,440 gonna see neck gass go to new all time eyes in three years. You're 307 00:22:00,440 --> 00:22:03,640 gonna see gold forget about it. Goal's going to go, you know, 308 00:22:03,720 --> 00:22:07,519 to the moon. Silver too. Silver is gonna go back and test, 309 00:22:07,599 --> 00:22:10,319 you know, the thirties, and then then it goes to its old eye 310 00:22:10,599 --> 00:22:15,640 of fifty. So you know, this is this is all in just the 311 00:22:15,920 --> 00:22:19,680 minute beginning stages here. But you could see that the accumulation, that's what 312 00:22:19,759 --> 00:22:23,720 I watch. I watch these patterns and how they accumulate, how they accumulate. 313 00:22:25,000 --> 00:22:26,359 And it's like a tea kettle. You know, you put the pot 314 00:22:26,359 --> 00:22:30,200 of tea on the stove and the stove is burning, and then all of 315 00:22:30,240 --> 00:22:33,799 a sudden that tea starts to boil and then the whistle goes off. Then 316 00:22:33,799 --> 00:22:37,039 it's too late. It jumped. It has already jumped, all right, 317 00:22:37,039 --> 00:22:41,519 but it's a little too early for that. Now, how are we going 318 00:22:41,559 --> 00:22:47,400 to know for sure what's going to be that the tip off, the indicator 319 00:22:47,480 --> 00:22:52,839 that you follow that says, hey, the commodity supercycle is back with a 320 00:22:52,440 --> 00:22:56,160 V. It's already begun, right, so you've already had the moving silver 321 00:22:56,240 --> 00:22:59,799 take off already. Gold is going to do some more starting and fitting, 322 00:22:59,799 --> 00:23:03,599 but it's it's very range bound. The low in gold will be in the 323 00:23:03,680 --> 00:23:07,759 fifteen hundreds. That's it. That's the bottom you're seeing in an oil. 324 00:23:07,839 --> 00:23:10,799 Right, oil is going to have its pull back now it gets down to 325 00:23:10,880 --> 00:23:14,160 fifty. That thing's taking off. Now, they're not just going to jump 326 00:23:14,240 --> 00:23:18,559 to these level high levels. It'll take time to work up. Nothing goes 327 00:23:18,640 --> 00:23:21,119 up in a straight line, nothing goes down in the straight line. But 328 00:23:21,200 --> 00:23:23,880 it's already begun. It's already, it's already underway. And you know, 329 00:23:23,920 --> 00:23:26,480 if you've been around this business as long as I have, you see those 330 00:23:26,480 --> 00:23:30,640 patterns, you realize that it's already started. The key is going to be 331 00:23:32,079 --> 00:23:33,559 you know, do you look for the breakouts? Are you're just willing to 332 00:23:33,599 --> 00:23:37,480 sit in it, you know, but I like to trade it. So 333 00:23:37,640 --> 00:23:41,000 for me, it's gonna be, Hey, we get a high volume breakout 334 00:23:41,079 --> 00:23:44,440 day, that's it. That's kind of a tell that it's it's on. 335 00:23:44,839 --> 00:23:47,359 You know, the move is on, and then you'll get pullbacks and you 336 00:23:47,400 --> 00:23:52,160 play those retraces and you know you continue to do that until you know twenty 337 00:23:52,200 --> 00:23:55,519 twenty eight. All right, so that gas has been in the cellar. 338 00:23:56,200 --> 00:24:00,519 I mean you look at the chart. It is like the old Tromp bear 339 00:24:00,680 --> 00:24:07,079 market chart, like eighty percent loss of value. I guess going back like 340 00:24:07,920 --> 00:24:11,160 back to well it hit when did it hit its peak? Ten bucks? 341 00:24:11,200 --> 00:24:15,640 So it hit ten bucks? Just what was that? It was not my 342 00:24:15,640 --> 00:24:18,480 sharts in front of me, but they're behind me. Yeah it wasn't that. 343 00:24:18,720 --> 00:24:22,079 We think, yeah, it wasn't that long ago. But but gad, 344 00:24:22,160 --> 00:24:23,839 I want to hear what you have to say and then I'm gonna be 345 00:24:23,920 --> 00:24:29,119 my comments on it. So, oh, that gas seems to know the 346 00:24:29,200 --> 00:24:37,400 weather before any meteorologist or climate expert has a clue. That gas goes up 347 00:24:37,799 --> 00:24:41,000 and then it's like, oh wait a second, it's a really hot summer 348 00:24:41,240 --> 00:24:45,359 or it's a really cold winter. Nat Gas anticipates, always anticipates it. 349 00:24:45,519 --> 00:24:52,680 I've been watching it for ten fifteen years, and it will know when it's 350 00:24:52,680 --> 00:24:57,200 gonna get when we're gonna have a heat wave before anybody knows. Markets know 351 00:24:57,279 --> 00:25:03,000 a lot. Markets are very very efficient. They always know something. But 352 00:25:03,200 --> 00:25:07,200 here's my theory on that gas. So we went up to ten and that 353 00:25:07,359 --> 00:25:12,799 was a monster, and press and drive higher. Now we've come back down 354 00:25:12,839 --> 00:25:18,279 to two and everybody hates it. Here, that's the funniest thing. You 355 00:25:18,319 --> 00:25:22,960 were at ten, now you're at two and everybody hates it. So when 356 00:25:22,960 --> 00:25:25,680 I see something like I'm in that gas, I own it. I'm long 357 00:25:26,079 --> 00:25:30,319 so and I'm long. I'm hoping to be long for years. I'm hoping 358 00:25:30,359 --> 00:25:33,680 to be long for years. And if I get stopped out by some chance, 359 00:25:33,720 --> 00:25:37,119 I'm just gonna re enter lower. So I'm going to keep getting back 360 00:25:37,160 --> 00:25:41,519 into nat gass. But what I would say is, right now, if 361 00:25:41,559 --> 00:25:45,160 you look at the monthly chart, you're going to notice that nat gas has 362 00:25:45,200 --> 00:25:48,759 made a fire low. So in the big big scheme of things, I 363 00:25:48,839 --> 00:25:52,079 think that the lows were already put in. You had that run up to 364 00:25:52,160 --> 00:25:56,119 ten, and now we're seeing nat gass come back down and challenge the two 365 00:25:56,119 --> 00:26:00,480 dollars level, which is what I call. First leg up to ten was 366 00:26:00,519 --> 00:26:06,839 one wave. You're getting your wave two right here. It's in the start 367 00:26:06,920 --> 00:26:10,960 of a three wave. Three wave is one of the most powerful waves in 368 00:26:11,079 --> 00:26:15,440 markets. So anybody that follows Elliott wave or any other kind of wave theory, 369 00:26:15,640 --> 00:26:18,519 the third wave. Everything comes in threes. The third wave is the 370 00:26:18,559 --> 00:26:22,640 big one, and that's going to last a long, long time. And 371 00:26:22,720 --> 00:26:29,720 I think it's in the very very beginning of that happening right now. All 372 00:26:29,799 --> 00:26:33,920 right, Well, inclined to agree with you there. And one another thing 373 00:26:33,960 --> 00:26:40,079 too, seasonality wise, Natural guests almost always puts its low end at the 374 00:26:40,200 --> 00:26:45,319 end of the first quarter right now, back at the charts, Yeah, 375 00:26:45,359 --> 00:26:49,079 and we are now in the second quarter. All right, Well, interesting 376 00:26:49,160 --> 00:26:55,759 times ahead. Anything else that you're looking at, anything else you're doing planning, 377 00:26:55,839 --> 00:27:00,000 because there's going to be turmoil, going to be complete and utter chaos 378 00:27:00,480 --> 00:27:03,400 throughout the markets, throughout the world. We're heading towards it. It's obvious 379 00:27:03,799 --> 00:27:08,880 any that you personally are doing to prepare for the inevitable. Well, I 380 00:27:10,880 --> 00:27:15,200 own silver and gold coin, saying joke, silver and bullion, and you 381 00:27:15,279 --> 00:27:19,319 know, I even have some pieces on my desk right here, so you 382 00:27:19,359 --> 00:27:22,680 know, I always tell everybody you know, you have to that's how you 383 00:27:22,759 --> 00:27:26,599 prepare a little bit. I mean, I don't think it's going to save 384 00:27:26,720 --> 00:27:30,680 us ultimately, but what I do think it's going to help us out for 385 00:27:30,720 --> 00:27:34,559 a little while. So I would definitely have some of that available and you 386 00:27:34,640 --> 00:27:37,759 get a pullback, I would tell everybody, you know, go out there 387 00:27:37,880 --> 00:27:41,359 and get yourself a little bit of silver. It's not going to hurt you. 388 00:27:41,880 --> 00:27:45,319 And if you don't ever use it, you give it to children. 389 00:27:45,799 --> 00:27:52,160 Yeah, And this is what I keep on my desk right here, so 390 00:27:52,359 --> 00:27:57,480 always as a reminder that the that the real wealth and the world comes from 391 00:27:57,480 --> 00:28:03,359 the ground. I mean, the intellectual property has value, no question, 392 00:28:03,519 --> 00:28:07,839 but ultimately all wealth comes from the ground. That's right. And you know, 393 00:28:07,880 --> 00:28:12,000 we're moving into such a wild time carry with all this AI craze, 394 00:28:12,079 --> 00:28:17,519 right, I mean, you can't I care for walk ten feet without somebody 395 00:28:17,559 --> 00:28:22,880 asking me about AI. And you know, it's it's almost like a hysteria. 396 00:28:22,960 --> 00:28:26,119 Reminds me a little bit of the dot com bubble, But it's really 397 00:28:26,160 --> 00:28:30,079 just getting started because these these computer modules or what do you call them, 398 00:28:30,160 --> 00:28:34,880 artificial intelligent projects there, they get smarter and smarter, right, They just 399 00:28:36,000 --> 00:28:38,440 keep you know, the more memory give them, they can just do so 400 00:28:38,440 --> 00:28:44,799 many things. But in my opinion, they're never gonna outsmart the man. 401 00:28:45,240 --> 00:28:49,079 And you know where the creation. You know, these things are being created, 402 00:28:49,640 --> 00:28:53,599 and you know they're still just a glorify fight algorithm in my opinion, 403 00:28:53,759 --> 00:28:57,599 they do some incredible stuff and they're going to take over a lot of jobs 404 00:28:57,640 --> 00:29:02,359 out there. I even saw post where Wendy's is going to get rid of 405 00:29:02,400 --> 00:29:07,359 the drive through guy over there answering and AI is now taking it over. 406 00:29:07,480 --> 00:29:11,160 So you know, get ready for that paradigm shift where you're going to see 407 00:29:11,160 --> 00:29:15,720 a lot of a lot of jobs go by the wayside because of this new 408 00:29:15,799 --> 00:29:21,039 AI technology. And I don't know, you know where this country thinks or 409 00:29:21,039 --> 00:29:25,480 where this world thinks they're going to, you know, get people to work, 410 00:29:25,880 --> 00:29:27,799 you know, so you have to think outside the box now, and 411 00:29:27,880 --> 00:29:33,559 it might be time to own some precious metals because things can get very very 412 00:29:33,599 --> 00:29:37,480 crazy in the world if you have massive unemployment. Yeah, yeah, no 413 00:29:37,559 --> 00:29:41,319 doubt. And that's the big fear. Too many people out of work in 414 00:29:41,480 --> 00:29:45,240 China, too many people out of work in the United States, in Europe, 415 00:29:45,720 --> 00:29:52,240 and it's a recipe for chaos for sure. So having some precious metals 416 00:29:52,319 --> 00:29:56,440 is always a good idea, but especially now, and if you get in 417 00:29:56,519 --> 00:29:59,880 it. You can't always get in at the bottom unless you're a trader like 418 00:30:00,119 --> 00:30:03,799 Nick, and you can't always get out at the top. But you don't 419 00:30:03,880 --> 00:30:07,160 need to. They don't need to, So all right, Well, hey, 420 00:30:07,279 --> 00:30:10,799 I appreciate your perspective. We'd like to check in with you every so 421 00:30:10,880 --> 00:30:17,920 often besides the regular show and see your take on things and well, interesting 422 00:30:17,960 --> 00:30:22,200 times ahead. As the Chinese proverb goes, may you live in interesting times? 423 00:30:22,200 --> 00:30:26,880 Well, we're beyond interesting here, that's for sure. And make sure 424 00:30:26,920 --> 00:30:30,279 you go over to nick site in the Mooneystocks dot com link in the show 425 00:30:30,319 --> 00:30:37,559 notes and see always beaten the averages for decades. The Twitter feeds at ims 426 00:30:37,599 --> 00:30:41,559 at Nick Santiago zero one at carry Lutz. Emails are welcome, Kale at 427 00:30:41,599 --> 00:30:45,599 Kerry LUTs dot com. Nick, we will talk to you again soon. 428 00:30:45,000 --> 00:30:49,240 Sounds good, Jerry, Thank you, thanks for listening to carry Lutz's Financial 429 00:30:49,279 --> 00:30:55,480 Survival Network, your solution to today's trying times. For the latest, go 430 00:30:55,559 --> 00:31:02,079 to Financial Survival Network dot com. Financial Survival Network now more than ever,