1 00:00:00,080 --> 00:00:03,399 Yeah, Well, if you're talking about the gold price and gold stocks, 2 00:00:03,399 --> 00:00:07,559 which is my area of expertise, I think the gold price has more consolidation 3 00:00:07,599 --> 00:00:11,279 to do here. I could see it easily going down to you know, 4 00:00:12,080 --> 00:00:16,879 in nineteen hundred level. It's trying to bottom here at nineteen fifty where there's 5 00:00:16,879 --> 00:00:22,239 some support. You're listening to Carrie Letts's Financial Survival Network where you get valuable 6 00:00:22,280 --> 00:00:27,839 information you just can't find anywhere else to thrive in today's trying times. You 7 00:00:27,920 --> 00:00:34,159 need the Financial Survival Network now more than ever. Go to Financial Survival Network 8 00:00:34,240 --> 00:00:41,240 dot com and get your free newsletter in gift Financial Survival Network now more than 9 00:00:41,280 --> 00:00:49,280 ever, And welcome you are listening to watching the Financial Survival Network. I'm 10 00:00:49,280 --> 00:00:53,240 your host, Carrie lets our good friend David Earthley. It's with us from 11 00:00:53,359 --> 00:01:00,359 Junior, my minor junkie dot com and the Hey, David, like, 12 00:01:00,560 --> 00:01:03,840 price of the metals is doing good, but the price of the stock not 13 00:01:04,000 --> 00:01:08,120 so good. What gives well, it all depends on your point of view, 14 00:01:08,200 --> 00:01:15,079 right um. You know we had the gold price go up over four 15 00:01:15,200 --> 00:01:21,359 hundred and fifty dollars and six months from a triple bottom of sixteen twenty after 16 00:01:22,480 --> 00:01:26,079 a false breakdown, you know, it's it's funny. Um. During this 17 00:01:26,120 --> 00:01:34,920 consolidation, both bulls and bears alike have been supremely frustrated. So but the 18 00:01:34,959 --> 00:01:38,719 gold stocks, you know, after the after the gold price went up so 19 00:01:38,799 --> 00:01:42,200 much, gold stocks went up sixty five percent from their loans that the GDXJ 20 00:01:42,400 --> 00:01:48,680 and the GX you know, which is two times leverage basically because the gold 21 00:01:48,680 --> 00:01:52,239 price went up over thirty percent in six months and the gold stocks went up 22 00:01:52,319 --> 00:01:57,000 sixty five percent in those six months. So consolidation time for both of those 23 00:01:57,040 --> 00:02:00,359 moves. That's that's to be expected. But the juniors, you know, 24 00:02:00,400 --> 00:02:05,120 they continue to lack um, you know, which is also their history. 25 00:02:05,640 --> 00:02:10,560 And when you have an accumulative bottoming process, it's always the majors and the 26 00:02:10,639 --> 00:02:15,840 royalty streaming plays that that do the best coming out of them, and then 27 00:02:15,960 --> 00:02:19,400 eventually it trickles down to the juniors, and that happened hasn't happened yet. 28 00:02:19,439 --> 00:02:23,520 You know, There's been select cases where some juniors have done well, but 29 00:02:23,080 --> 00:02:30,000 on the whole, juniors continue to lack um. They continue to be very 30 00:02:30,120 --> 00:02:37,680 very reasonably priced. I should you know, I should say they're they're ridiculously 31 00:02:37,759 --> 00:02:43,400 priced because you know, most of these juniors they're training at at below forty 32 00:02:43,400 --> 00:02:46,560 dollars announced in the ground. You know, they've they've proved up these multi 33 00:02:46,599 --> 00:02:53,159 million ounced deposits and um, they're showing blue sky potential and they're showing the 34 00:02:53,240 --> 00:02:55,439 majors. Hey, we've got these big deposits, we've de risked them up 35 00:02:55,479 --> 00:03:00,159 to a certain point, and we're still able to raise money. The quality 36 00:03:00,199 --> 00:03:06,000 come to the quality. Juniors that are D risking quality projects are still able 37 00:03:06,039 --> 00:03:10,360 to raise money. Um, but it's it's the it's smaller juniors that are 38 00:03:10,479 --> 00:03:15,080 lower on the totem pole in the in the d risking phase. Some of 39 00:03:15,120 --> 00:03:17,280 them are having a hard time raising money and they're having to give away a 40 00:03:17,360 --> 00:03:22,560 full warrant at a lower price than they expected to raise money. And it's 41 00:03:22,599 --> 00:03:25,719 really hit their if their share price is hard and you know, the games 42 00:03:25,719 --> 00:03:30,560 that are that continue to be played on Base Street, UM, you know 43 00:03:30,439 --> 00:03:35,719 exacerbate this fact. You know, Um, if if you if funds hear 44 00:03:35,759 --> 00:03:39,759 about a company that that is going to be raising money, you know they 45 00:03:39,759 --> 00:03:46,039 can manipulate the stock lower and um, you know these games will continue to 46 00:03:46,039 --> 00:03:52,000 be played here. They wouldn't do that, would they. You know what, 47 00:03:52,400 --> 00:03:57,120 in in bullmarkets you have you know, um retail money come in and 48 00:03:57,199 --> 00:04:00,840 stop up the access. When that happens, they an opportunity. But for 49 00:04:00,879 --> 00:04:09,080 the past decade, basically we've been trading amongst ourselves. The generalist investor, 50 00:04:09,159 --> 00:04:13,960 the retail investor hasn't been in this sector. They left in twenty thirteen when 51 00:04:14,000 --> 00:04:16,040 the gold price broke down after the last bull market, and they yet to 52 00:04:16,079 --> 00:04:23,639 return. So it makes it more difficult for us because we're trading against these 53 00:04:23,759 --> 00:04:30,519 these really intelligence skilled resource investors who know all these games, and they also 54 00:04:30,639 --> 00:04:35,160 know about when if they take a look at a company and they say, 55 00:04:35,199 --> 00:04:40,839 okay, this company has just released great results, right, but they're going 56 00:04:40,879 --> 00:04:46,519 to use that press release of great results as a liquidity event to sell the 57 00:04:46,639 --> 00:04:51,800 stock if the company isn't cashed up for the next year or so, because 58 00:04:51,839 --> 00:04:56,639 they see that Okay, they've they've they've put out these great results, but 59 00:04:56,800 --> 00:05:01,160 they're going to need some more money pretty soon. So we're gonna wait for 60 00:05:01,240 --> 00:05:06,879 the finance and get into the stock a lot cheaper at at a lower price 61 00:05:08,120 --> 00:05:12,519 and probably get at least a half warrant or even a full warrant at the 62 00:05:12,560 --> 00:05:15,560 same time. So these you know, this is going to continue until the 63 00:05:15,600 --> 00:05:19,800 gold price as a solid floor at two thousand dollars an ounce, and we're 64 00:05:19,839 --> 00:05:25,839 just not ready to have that take place yet. And a signal of that 65 00:05:26,399 --> 00:05:30,759 will be a monthly close above two hundred. We almost had it last month. 66 00:05:30,199 --> 00:05:34,560 The gold price closed I think eighty cents below two thousand dollars. And 67 00:05:35,879 --> 00:05:41,439 once we have a monthly close above two thousand, I think then a floor 68 00:05:41,480 --> 00:05:44,879 will start to be built in two thousand. But we need a monthly close 69 00:05:44,920 --> 00:05:48,959 above twenty one hundred to signify a breakout in the gold price. Hey, 70 00:05:49,040 --> 00:05:56,480 these operators will even sell the company's stock short when they have that momentous press 71 00:05:56,519 --> 00:06:00,879 release, keep it down, keep it muted, and then they buy in 72 00:06:00,040 --> 00:06:05,000 at the private placement, which will be depressed. The offering is going to 73 00:06:05,040 --> 00:06:10,519 be at a depressed price. They've got a locked in profit and free warrants. 74 00:06:10,959 --> 00:06:14,920 And then when they hold periods over for the warrants, if there is 75 00:06:14,920 --> 00:06:19,399 a whole period rather for the shares, they dumped the shares and hold the 76 00:06:19,439 --> 00:06:26,120 warrants right right. It's it's even happening to companies that don't need money and 77 00:06:26,519 --> 00:06:30,319 don't need to finance. Um I had recently a CEO tell me, I 78 00:06:30,560 --> 00:06:34,439 have a company that I've been in, I've been invested in for for a 79 00:06:34,519 --> 00:06:40,040 year or so, you know, accumulating shares and um I saw a huge 80 00:06:40,120 --> 00:06:45,720 volume in the stock after a very positive press release drill results come out, 81 00:06:45,959 --> 00:06:50,560 and um he told me that yes, that was a fund using the excess 82 00:06:50,600 --> 00:06:58,120 liquidity to to sell some to unload a position. But the next day the 83 00:06:58,199 --> 00:07:02,439 stock went down feen percent on no volume, and I so, I'm I'm 84 00:07:02,720 --> 00:07:08,240 so, I inquired and will know what happened there. He basically said, 85 00:07:08,600 --> 00:07:15,360 um uh a bank came to us with uh a charity flow through deal that 86 00:07:15,439 --> 00:07:18,839 we didn't need and that we didn't want, but they shopped it so hard 87 00:07:18,920 --> 00:07:21,839 the market got ahold of it and figured that they were going to be raising 88 00:07:21,879 --> 00:07:26,560 money. So they showed at the stock and you know, in an illiquid 89 00:07:26,639 --> 00:07:30,319 market, got the got the share price down really low, and it's and 90 00:07:30,399 --> 00:07:32,560 a share price is still down there even though they don't need money. They've 91 00:07:32,600 --> 00:07:36,759 got thirty five million in the treasury, fully financed until the end of next 92 00:07:36,839 --> 00:07:42,000 year, even if they wanted to, and they've got multimillions of ounces in 93 00:07:42,079 --> 00:07:46,240 the ground in a top tier jurisdiction. You know, they're doing all the 94 00:07:46,360 --> 00:07:48,720 right things. They're raising money at the right times, de risking the project 95 00:07:48,879 --> 00:07:53,800 jack and things like this happened. So when things like this happened and there's 96 00:07:53,800 --> 00:07:56,920 no retail around to come in and say, look, wow, look at 97 00:07:56,920 --> 00:07:59,639 this company. Look at this. This stock is down fifteen percent on no 98 00:07:59,680 --> 00:08:01,839 news. This is an opportunity. When that, when that money is not 99 00:08:01,920 --> 00:08:07,439 there seeing that, then the stock continues to wallow lower. I mean, 100 00:08:07,480 --> 00:08:11,759 if you look at the volume on the TSX venture, volume hasn't been this 101 00:08:11,000 --> 00:08:16,879 low on the venture exchange since the gold price was trading below three hundred dollars 102 00:08:16,879 --> 00:08:20,560 and ounced twenty years ago. There's nobody cares about the center right now. 103 00:08:22,040 --> 00:08:26,439 It's incredible the opportunity. You just have to you can't use margin and you 104 00:08:26,560 --> 00:08:31,360 have to be investing cash that you don't need right now that eventually the gold 105 00:08:31,360 --> 00:08:37,039 price is going to break out and eventually, you know, these generalist investors 106 00:08:37,039 --> 00:08:39,639 will come back. It's just not yet. The timing's not riking, all 107 00:08:39,720 --> 00:08:48,440 right. So another dude, but look at the price as silver, how 108 00:08:48,840 --> 00:08:52,639 strong that has been until recently. Yeah, it's it's amazing. Yeah, 109 00:08:52,679 --> 00:08:54,960 I mean, you had you had that help, You had that four hundred 110 00:08:54,960 --> 00:08:58,960 and fifty dollars move in the gold price right in six months. That needs 111 00:08:58,960 --> 00:09:03,440 to consolidate. And the hint that the consolidate was going to call consolidation was 112 00:09:03,480 --> 00:09:09,480 going to come was the silver price suddenly showing strong relative weakness to the gold 113 00:09:09,519 --> 00:09:11,000 price along with the miners. That was a hint that that was going to 114 00:09:11,080 --> 00:09:18,440 happen. And that started the Monday after the Federal Reserve came out and hinted 115 00:09:18,960 --> 00:09:22,320 that they that they might not be raising rates in the next meeting, which 116 00:09:22,360 --> 00:09:26,919 is in the middle of June. But then of course after after they said 117 00:09:26,960 --> 00:09:31,120 that, um, other fedheads have come out and hinted that they will be 118 00:09:31,200 --> 00:09:35,360 raising rates, and um, you know, it's it's all this FED speak 119 00:09:35,679 --> 00:09:41,679 around the the the rate hide policy you see. In the short term, 120 00:09:41,759 --> 00:09:45,600 it's it's a it's a debt ceiling complete theater. That's going to be you 121 00:09:45,639 --> 00:09:48,320 know, the catalyst for the gold price. You know, if if if 122 00:09:48,320 --> 00:09:52,320 they come out with you know, um, a resolution early, which I 123 00:09:52,440 --> 00:09:54,879 highly doubt um, then the gold price is going to get hit. But 124 00:09:54,960 --> 00:10:00,399 if they continue to play chicken, which I expect they will until you know, 125 00:10:00,440 --> 00:10:03,679 the drop dead date, which some say it's June Firth like like yelling. 126 00:10:03,759 --> 00:10:07,919 Some say it's the fifth or even ten, when they when the treasury 127 00:10:07,000 --> 00:10:11,679 runs out of money. But you know, eventually they're they're gonna they're gonna 128 00:10:11,759 --> 00:10:15,320 raise the debt ceiling. I mean, what is this dead ceiling? I 129 00:10:15,399 --> 00:10:18,399 mean it's it's not existed. Obviously it can't be. You can't have a 130 00:10:18,480 --> 00:10:22,919 debt ceiling. We have to continue to borrow and borrow and borrow to pay 131 00:10:24,159 --> 00:10:28,200 to pay money that we can't pay back. Yeah, I mean, how 132 00:10:28,320 --> 00:10:31,519 is this gonna happen here? Really? Dad? I mean yeah, everybody 133 00:10:31,559 --> 00:10:37,639 has to come out looking good like they acted for the better of the country, 134 00:10:37,759 --> 00:10:41,720 right Blue, Like oh yeah, yeah exactly, And each one thinks 135 00:10:41,720 --> 00:10:45,039 they have the upper hand. You know. It's it's so tight in Congress 136 00:10:45,320 --> 00:10:48,360 there and there's no and there's not very much bipartisanship left. I mean, 137 00:10:48,399 --> 00:10:54,799 you just have Marjorie Taylor Green issue um issue impeachment papers on the president and 138 00:10:54,799 --> 00:10:58,919 at some of his you know, some of the people so and they should 139 00:11:00,200 --> 00:11:05,360 be impeached exactly, you know, those on themselves right. Yeah, it's 140 00:11:05,360 --> 00:11:09,519 like, which crime family do you want to trust? Here? It's you 141 00:11:09,519 --> 00:11:13,639 know and that and that is dividing the country even more so, I trust 142 00:11:13,759 --> 00:11:20,240 crime families more than I crime family running the government because crime families at least 143 00:11:20,679 --> 00:11:24,639 act in the interest of self preservation, which is why they kill you. 144 00:11:26,320 --> 00:11:31,559 But these guys couldn't care less about self preservation. They're into instant gratification. 145 00:11:31,879 --> 00:11:35,519 Yes, and you know eventually they're going to raise that debt ceiling because all 146 00:11:35,519 --> 00:11:39,639 their pensions depend on it. Well, every everything depends on it, corrects 147 00:11:39,639 --> 00:11:43,679 on it. Yeah, every that depends on it. So it's like, 148 00:11:45,120 --> 00:11:50,480 if you're into self deception, then you're worried about it. If you know 149 00:11:50,720 --> 00:11:54,720 that that these guys are going to do what they have to do to keep 150 00:11:54,759 --> 00:12:00,000 the party going, then you know that the debt ceiling is completely meaningless. 151 00:12:00,320 --> 00:12:05,200 It's just a chance to try to score political points on your so called adversaries, 152 00:12:07,000 --> 00:12:11,639 right right, yeah, exactly, yes, yeah, So so now 153 00:12:11,720 --> 00:12:13,919 that the good news, now that we've solved that problem here, right, 154 00:12:16,159 --> 00:12:22,159 we've solved that problem with David. But but patients, you need to be 155 00:12:22,200 --> 00:12:26,080 patient in this market. We know what's going to happen here, right, 156 00:12:26,279 --> 00:12:31,919 I mean, well, we're between inflationary and deflationary. They keep raising rates, 157 00:12:33,080 --> 00:12:37,679 Everything crashes, everything deflates, they raise rates, everything gets higher and 158 00:12:37,799 --> 00:12:45,360 higher in price, and either in either of the scenarios, precious metals is 159 00:12:45,360 --> 00:12:48,759 going to be what's left over, right exactly, I mean picture poison. 160 00:12:50,279 --> 00:12:54,440 Yeah, I mean, they continue to raise interest rates. It brings us 161 00:12:54,480 --> 00:12:58,200 closer and closer to recession. You see, you know, you see all 162 00:12:58,240 --> 00:13:01,320 these indicators showing that a recept is going to happen. You know, um 163 00:13:01,399 --> 00:13:07,360 now a soft a soft landing is being is pretty much by the wayside. 164 00:13:07,399 --> 00:13:11,399 Now it's going to be a lot harder than they expect because they keep raising 165 00:13:11,480 --> 00:13:16,360 rates, and you know, credit continues to tighten, and the yield curve 166 00:13:16,559 --> 00:13:22,879 continues to show that that this recession is going to start pretty soon, and 167 00:13:22,120 --> 00:13:28,879 gold usually consolidates, goes lower into recessions, and then once the recession takes 168 00:13:28,919 --> 00:13:33,120 place, that's when it takes off and people start buying gold for protection. 169 00:13:33,159 --> 00:13:37,559 I mean, I mean, that's the gold is the biggest protection for for 170 00:13:37,080 --> 00:13:43,799 for recession and basically loss of faith in governments and their monetary policy, and 171 00:13:43,879 --> 00:13:48,240 people continue to lose faith. You look at these gallop poles. They're losing 172 00:13:48,279 --> 00:13:52,200 faith in the FED, They're losing faith in in the system. Um, 173 00:13:52,279 --> 00:13:56,919 they're they're they're losing faith and politicians. I want to know who had faith 174 00:13:58,440 --> 00:14:01,399 at this point? Who who are the people that had faith? Anyway? 175 00:14:01,639 --> 00:14:03,960 That's certainly not you or I right, No, it hasn't been you or 176 00:14:03,960 --> 00:14:09,519 an eye for quite some time. Are these people that still have faith in 177 00:14:09,200 --> 00:14:16,039 your government? Because I don't know who they are? Honestly, certainly nobody 178 00:14:16,080 --> 00:14:20,080 I've talked to in the past five years, at least you you know anybody? 179 00:14:20,159 --> 00:14:24,720 Or are we just in a bubble? Yes? I think we're going 180 00:14:24,759 --> 00:14:28,360 to bubble this. You know, you see a lot of people on the 181 00:14:28,360 --> 00:14:31,559 street walking around with rose colored glasses on. You know they don't. I 182 00:14:31,559 --> 00:14:35,120 don't really want to think about things like that. I've got other other problems 183 00:14:35,399 --> 00:14:41,879 on my mind and vampaign credit card bill and over fifty percent of the countries 184 00:14:41,000 --> 00:14:46,440 might have been paycheck to paycheck now nobody has any savings. And it's not 185 00:14:46,720 --> 00:14:50,840 worrying about it, right right, that's not gonna worry about it. I'm 186 00:14:50,840 --> 00:14:52,360 just gonna try to feed my family the best I can. There's nothing I 187 00:14:52,360 --> 00:14:56,120 can do about it. So I'm just going to continue to work as hard 188 00:14:56,159 --> 00:14:58,879 as I can to feed my family, try to stay at it dead. 189 00:14:58,799 --> 00:15:03,080 But that is that is getting more and more difficult with credit card and rates 190 00:15:03,159 --> 00:15:07,480 rising exponentially as the as the interest rate rises. Yeah, no, I 191 00:15:07,519 --> 00:15:11,120 couldn't agree with you more. It's just being a little facetious. But but 192 00:15:11,279 --> 00:15:16,360 let's face it. You know, the only people that have confidence in the 193 00:15:16,720 --> 00:15:22,120 government is the government itself, right right, which continues to get bigger. 194 00:15:22,519 --> 00:15:26,799 Yeah, yeah, well, no, wonder they'd have confidence, right man. 195 00:15:28,080 --> 00:15:31,519 I don't know. I don't know what we've been, what people are 196 00:15:31,559 --> 00:15:35,960 thinking. I just have no idea about Yeah, it's no, it boggles 197 00:15:37,039 --> 00:15:39,399 my mind as well. Yeah. So, and I live in California, 198 00:15:39,480 --> 00:15:43,240 so it's you know, I mean there's a lot more rules colored glass wearing 199 00:15:43,279 --> 00:15:48,919 people where I live. I think they're wearing rose colored helmets. Honestly, 200 00:15:50,639 --> 00:15:56,919 I mean it's kind of ridiculous here, but hey, ignorance got us into 201 00:15:56,960 --> 00:15:58,720 this mess, and ignorance will get us out, right, David, what 202 00:16:00,000 --> 00:16:03,919 way or another? Yes? Yeah, so I would ask where do we 203 00:16:03,960 --> 00:16:08,120 go from here? But I kind of like don't really want to hear the 204 00:16:08,159 --> 00:16:14,320 answer. Yeah, Well, if you're talking about the gold price and gold 205 00:16:14,320 --> 00:16:17,480 stocks, which is my area of expertise, Um, I think the gold 206 00:16:17,480 --> 00:16:21,559 price has more consolidation to do here. I could see it easily going down 207 00:16:21,600 --> 00:16:26,919 to you know, um in nineteen hundred level. It's trying to bottom here 208 00:16:26,919 --> 00:16:29,960 at nineteen fifty where there's some support, all right, and there's up trend 209 00:16:30,000 --> 00:16:33,480 lines aboard at nineteen twenty five. But I think nineteen hundred is probably baked 210 00:16:33,519 --> 00:16:37,720 in. But it all depends on you know, these zundress events. Ye 211 00:16:37,840 --> 00:16:41,720 say that word, right, events that that could take place. Um. 212 00:16:42,000 --> 00:16:45,919 You know, we still got a dead ceiling crisis going, we still got 213 00:16:45,960 --> 00:16:52,480 a credit crisis going. We still got ongoing war, which it doesn't look 214 00:16:52,480 --> 00:16:55,919 like it's going to end. It looks like it's going to ratchet up even 215 00:16:55,960 --> 00:17:00,120 more. Um, you know, and and war is more inflationary than anything. 216 00:17:00,159 --> 00:17:03,240 I mean, that is the most fitting Mary. Yeah, the FED 217 00:17:04,519 --> 00:17:11,920 continues to have this fantasy of of a two percent inflation rate park. So 218 00:17:11,759 --> 00:17:15,039 in the short term, the gold price is looking at the dead ceiling, 219 00:17:15,039 --> 00:17:19,759 and the intermediate term it's looking at when the FED is going to stop raising 220 00:17:19,839 --> 00:17:22,880 rates. But in the long term, it's looking at when the FED is 221 00:17:22,920 --> 00:17:27,680 going to be forced to a give up their fantasy of a two percent inflation 222 00:17:27,799 --> 00:17:32,359 rate, have to raise that and then say hey, we got to start 223 00:17:32,400 --> 00:17:36,359 cutting rates, and the market will will tell them when that's going to happen. 224 00:17:37,200 --> 00:17:41,759 Right, All right, Well, you're just a breath of fresh air 225 00:17:41,880 --> 00:17:47,599 today. But we appreciate your coming on as always. Tell us how we 226 00:17:47,640 --> 00:17:52,160 connect with you, how we subscribe to your service, why you should subscribe 227 00:17:52,680 --> 00:17:56,079 in the light of your earlier comments, why should we we should just stop 228 00:17:56,119 --> 00:18:02,319 throw that in the trash can big, because every dog has at stay. 229 00:18:02,440 --> 00:18:06,359 Not that metals are a dog, but they've been performing like a dog. 230 00:18:06,720 --> 00:18:08,960 Yeah. Well, as far as gold stocks are argancer and carry, you 231 00:18:10,000 --> 00:18:15,240 know the opportunity, it just keeps getting better and better as far as the 232 00:18:15,279 --> 00:18:19,839 gold stocks price in relation to the in relation to the gold price. The 233 00:18:19,920 --> 00:18:26,160 last time we had these low levels ut in volume twenty years ago in the 234 00:18:26,279 --> 00:18:30,599 Venture exchange, it was a buying opportunity because once the gold price broke out 235 00:18:30,599 --> 00:18:37,839 above five hundred dollars, then gold stocks really took off and the generalist investor 236 00:18:37,880 --> 00:18:41,200 came into the sector. And I think that's going to be equal to the 237 00:18:41,240 --> 00:18:45,720 gold price finally getting over two thousand dollars and two thousand becoming a floor as 238 00:18:45,720 --> 00:18:52,640 opposed to a twelve year ceiling. And will know that when the volume starts 239 00:18:52,680 --> 00:18:56,839 to come into these gold stocks, you start to see volumes spiking on updates, 240 00:18:56,920 --> 00:19:02,440 that's when you're gonna you're going to start to see general interest peak. 241 00:19:03,160 --> 00:19:07,160 I'm not peak, but general interests start to come into the sector because, 242 00:19:07,240 --> 00:19:10,079 like I said, they've been gone for ten years. So UM, this 243 00:19:10,240 --> 00:19:15,920 is a great time to be patient and accumulate and definitely don't use margin, 244 00:19:17,319 --> 00:19:22,000 especially in this sector. And um, holding the right stocks is key, 245 00:19:22,160 --> 00:19:25,440 and my service can help you do that. I mean, I've got a 246 00:19:25,480 --> 00:19:27,839 couple of stocks in my top ten that have been bifurcating from the sector. 247 00:19:27,880 --> 00:19:32,519 I think one or two of my top ten juniors are going to get taken 248 00:19:32,599 --> 00:19:34,119 over this year because I think I AM and A is going to start to 249 00:19:34,119 --> 00:19:40,599 eat up again pretty soon. So UM, a service like mine can can 250 00:19:40,640 --> 00:19:45,599 get you into the right stocks and keep you there. With the news that 251 00:19:45,640 --> 00:19:51,000 I continue to put out about the sector and about the companies, I'm in 252 00:19:51,039 --> 00:19:56,319 constant contact with all the companies that I have great relationships with that I'm invested 253 00:19:56,359 --> 00:20:00,599 in, and and I go to conferences and have live one on one meetings 254 00:20:00,640 --> 00:20:03,039 with them as well. I'm going to another one here in September, hopefully 255 00:20:03,079 --> 00:20:10,640 you'll be there as well, at the Precious Metals Summit in Colorado. Definitely. 256 00:20:10,680 --> 00:20:15,400 So UM. You know, I do my due diligence and um not 257 00:20:15,440 --> 00:20:18,319 only before I buy the stock, but after I buy the stock can stock 258 00:20:18,400 --> 00:20:22,160 continuously for myself and my subscribers. And as you know, I put my 259 00:20:22,200 --> 00:20:26,599 own money into these companies as well, So I'm not just telling you to 260 00:20:26,640 --> 00:20:30,480 buy something that I'm not invested in it, or more importantly, that I'm 261 00:20:30,480 --> 00:20:33,359 getting paid to do. So I don't get paid by any of these companies. 262 00:20:34,039 --> 00:20:38,279 Um. Basically, I run my service like I want juniors, junior 263 00:20:38,279 --> 00:20:41,640 management teams to run their companies. You know, they put their own money 264 00:20:41,680 --> 00:20:45,400 into their companies. At the companies that I invest in, they put their 265 00:20:45,400 --> 00:20:52,319 own money in and they participate in financing, so they're completely aligned with shareholders 266 00:20:52,319 --> 00:20:56,319 like I'm aligned with my subscribery. And I might add to before you make 267 00:20:56,400 --> 00:21:03,079 any trade in any of your recommendation, you give twenty four hours, so 268 00:21:03,160 --> 00:21:07,079 we gotta go David. Thanks so much anyway. The link to David sites 269 00:21:07,079 --> 00:21:11,279 and the show notes this interview on Financial Survival Network dot com. Sign up 270 00:21:11,279 --> 00:21:17,279 for a free newsletter. Emails are welcome. Klatcarreluts dot com. David Pleasure, 271 00:21:17,359 --> 00:21:19,039 talk to you soon. Thanks Carrie. Always great pleasure talking to you