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Speaker 1: We've been bullish since the break back above sixteen two

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seventy five to sixty, so we've seen ninety two thousand,

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six hundred and eighty five per coin. A lot of

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other bullish calls in here. However, we did just hold

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an exhaustion level up here between at one o eight

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two oh five to one oh nine sixty and we

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held that with a uh one oh eight nine sixty

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high and have rolled over five thousand, six hundred and

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thirty five so far.

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Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you

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get valuable information you just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more than ever.

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Speaker 3: And welcome. You are listening to and watching the Financial

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Survival Network. I'm your host, Kerry lets Michael Moore. More

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Analytics is with us now. If you're listening on the podcast,

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if you go to the show notes, click the link,

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you can download all the relevant charts and follow along.

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Speaker 4: Michael. It's great to have you back on.

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Speaker 3: Markets have definitely been hyperkinetic recently. Why don't we start

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out with gold and get through bitcoin all the good

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stuff oil.

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Speaker 4: Tell us where we're.

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Speaker 1: At that good Okay, so the gold. The last time

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we were on it's been a little while, but where

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was in July, and just wanted to update you on

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some of the larger calls.

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Speaker 4: That have been made. Back then, I had said that.

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Speaker 1: The the solid trade above twenty seven forty eight to

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forty projects separated one hundred and fifty one minimum nine

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hundred and fifty four plus maximum. And that's when we

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were trading down around the twenty five two area. We'd

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already reached a peak at twenty five sixty, but we

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went on to attain another two hundred and sixty per

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ounce after you and Ed talked. So a lot those

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bull calls are all on Hoole currently, a lot of

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different levels of bull calls. We got barrished a couple

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of days ago. I'm dropping down to a sixty minute chart.

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Can you see my screen?

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Speaker 4: Okay, yep, we see it fine.

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Speaker 1: We got barish when we broke that down below this

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line right here, that was the trade back below twenty

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seven forty five ninety. We've seen ninety nine point eight

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of pressure from that, and then other bearish calls below

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twenty six eighty five twenty and twenty six seventy three fifty.

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And now we're sitting right on top of another formation

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right here, a decent break below that formation. We'll also

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project this downward. That's who will come in twenty six

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forty eighty plus one per hour starting at one twenty pm.

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Speaker 4: Do you think we're still going higher in jail role.

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Speaker 1: It's still bullish, but all the bullishness is on hold

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right now. Currently i'mbearish, and I expect us this will

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continue to come off. If this was the trade back

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up above this formation eight here, which is going to

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come in at twenty six eighty thirty plus one point

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eight per hour starting at one twenty pm, that would

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word of renewed strength and a possible.

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Speaker 4: Run back for the highs again. Okay, interesting, Interesting, So.

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Speaker 1: When I jump to the S and P five hundred, Yeah.

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Speaker 4: Let's let's go to the S and P and see

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what we got there.

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Speaker 1: So the SMP has had some great moves in here.

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We have been bullish. You've done interviews with me a

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number of times over the years. If you go back

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and look at past interviews with me, you'll know that

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I've been bullish since holding a macro exhaustion level at

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thirty five to thirty five oh two, and we've rallied

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two thousand, six hundred and forty four handles zero point

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five handles since then, and a lot of other bullish

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calls in here that I've been updating for a while

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has been the break above twenty six seventy eight to fifty,

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which I said would project this upward two hundred and

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forty minimum five hundred and seventy plus maximum. We've attained

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four hundred and sixty eight to that so far, so

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we haven't quite hit the maximum yet. And currently we're

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in between two formations.

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Speaker 4: As we speak.

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Speaker 1: The break above the upper one right here, which is

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going to come in at sixty one fifty one thirty

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one one. It's fourteen per hour starting at one thirty pm,

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that will project this upward fifty handles minimum, and the

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maximum is not really determinable, but should definitely take us

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out and take up the highs. We fail back down

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through the lower line right here, which is going to

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come in at sixty one and sixteen twenty six plus

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five per hour starting at thirty PM. That will project

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this downward thirty thirty handles minimum seventy plus maximum. And

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by the way, when I say seventy plus maximum, might

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know that's confusing. But certain formations have certain projections. But

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I say plus because obviously if you're turning in that direction,

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you could see far more.

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Speaker 4: Sure, I get that.

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Speaker 1: Okay, you want to take a look at the bitcoin

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and then we'll go to the futures.

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Speaker 4: Yes, just take a look at bitcoin. Elie is big

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on bitcoin, all right.

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Speaker 1: Well, Bitcoin, if you go back and look at some

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of the past interviews with you, you can see where

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I've made some of these other longer term calls. We've

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been bullish since the break back above sixteen two seventy

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five to sixty, so we've seen ninety two thousand, six

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hundred and eighty five per coin. A lot of other

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bullish calls in here. However, we did just hold an

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exhaustion level up here between at one oh eight two

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oh five to one oh nine sixty, and we held

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that with a one oh eight nine sixty high and

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have rolled over five thousand, six hundred and thirty five

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so far. If we were to fail back down through

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this formation that's going to warn a decent pressure. Decent

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pressure meaning likely multiple day that's going to come in

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at one oh one, two two three plus twenty six

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per hour starting at one o'clock PM Eastern standard type.

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We break below this lower formation right here, which is

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going to come in at ninety eight five twenty five

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plus twenty one per hour. That'll project this downward to

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eleven thousand plus per cord. And just so the viewership understands,

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an exhaustion area is an area that they that the

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market can probably halt its trending in that direction and

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then start a bearish correction. Sometimes it'll hold temporarily, sometimes

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it will cause a full bearessh correction.

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Speaker 4: So we're only a.

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Speaker 1: Piece of it now, but if it does see a

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full barsh correction, it should be at least double what this.

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Speaker 4: Is right now.

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Speaker 1: You know, probably down here to the ninety seven five

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hundred area.

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Speaker 3: And so, what do you think it's upside is here

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at this particular point, we're like one hundred and five

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thousand or so. I think it's at right.

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Speaker 1: In one right now?

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Speaker 4: What do you mean?

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Speaker 1: What do I think the upside is? I mean it could.

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I mean, I'm still overall bullish solid well that's on

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still overaw bullish and bullish right now. But within that bullishness,

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we're seeing a pullback from these highs. If we break

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back below this line, all that bullishness goes on hold

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and then we're bearish below that. But you know, sky's

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a limit on the up side. I mean, who knows

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where this is going to be. We're in brand new

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territory up here, so but the nast places above that,

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i'd be aware possible.

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Speaker 4: Actually never mind.

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Speaker 3: So it's the best way to invest in bitcoin in

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your opinion, you're buying options on.

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Speaker 4: It now or how do you do it?

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Speaker 1: Well, the bitcoin futures are quite large, uh so you'd

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have to have a lot of capital to really trade this.

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You can tread the minis or the micros. I believe

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the micro is on these, so you can I think

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trade one tenth of it. So, and the benefit of

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doing that as opposed to just buying some other coin

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out there is this is an exchange regulated futures market,

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so that's backed by the clearing houses that it's packed

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by the exchange, and then it's backed by the US government.

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So it's liquid, and if you have an account set

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up and you're trading this, you can get out of

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this almost instantaneously on the upside or the downside if

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you run.

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Speaker 4: We like liquidity, of course, But.

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Speaker 3: You know, I realized we're just doing technical analysis here.

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We're not looking at the fundamentals. Not that there are

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any fundamentals for for bitcoin, it's trade strictly on emotion, right,

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I mean it's not, there's no like I mean, there

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are fundamentals in that there can only be so many

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bitcoins mined, right, But in terms of there actually being

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a fundamental of like you know, production and income statements

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and cost of goods sold, cost of services, this is

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strictly an emotional product here, right.

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Speaker 1: I couldn't speak too much to that, to be honest

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with you, because I don't really even look at the fundamentals.

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I don't look at the fundamentals that much. There aren't any,

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even if the energies and the gold and it's not

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that those things are not important. The fundamentals, for instance,

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in gold or energy, or the S and P even whatever,

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are the underpinnings of what drives the market.

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Speaker 4: Period.

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Speaker 1: That said, the technicals will get you in on those

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moves ninety percent of the time earlier than what the

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fundamental picture will avail itself to be, gotcha, And it

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will also get you out of those moves ninety percent

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of the time earlier. Also, setting aside news based events,

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THEWS based events, I mean right before Donald Trump was elected,

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that evening, before the smps had come off.

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Speaker 4: Actually, I'll just show you real quick, that was.

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Speaker 1: Right here, right here, broken back above this line. And

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this was on eleven to five on the November fifth,

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at eleven thirty, and I'd sent out on my Postmark

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podcast that I just turned bullish and I think got

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elected right after that. And this is not a political

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statement or anything, but obviously the market showed you what

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it thought of that election as far as deemed good

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for businesses or not.

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Speaker 3: So it was in the market saying all along though

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that he was going to get elected.

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Speaker 1: Well, no, I mean this had been sliding down here,

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you know, for a while. I mean, I mean, I

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mean from October twenty ninth down into November fourth, the

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market was in a lied, in a pretty steep one.

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But again this was also technically based. You know, we

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broke below this line right here. I got barished, and

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we got slam breck down into here, and we held

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major support levels, and then when we broke back above

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this line, that's when I got bullish. So again, it's

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I'm not trying to sound irresponsible about saying that I

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don't pay attention to the fundamentals. It's just that I

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pay attention to the technicals, and the technicals are a

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representation of all the knowledge of all the traders trading

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that market at that time, and they usually have a

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better handle and feeling fundamentals than anybody else does. So

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the technicals, they they're just more reliable to me. Over time,

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I've been able to make far more better production.

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Speaker 4: I get it.

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Speaker 3: I couldn't agree with you more. I'm a big believer

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in there cycles and such. So so do you feel

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like after the election the sentiment really changed?

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Speaker 4: What's that?

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Speaker 1: Do I think?

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Speaker 3: What after the election the sentiment and the market really changed?

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Speaker 1: I mean, I think the market. I mean you can't

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just say, well, it goes up for certain presidents and

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down for other ones, because that's that's not really true.

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Speaker 4: I mean, this is yeah, that's not realistic, you know,

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it's but.

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Speaker 1: Just short term. It was definitive as to what it

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thought about his election or other parties not being elected.

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So that was a pretty definitive. I mean, the market

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would not have just rallied just for the heck of it,

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not that much. I mean you could say it would

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rally because the uncertainty of what's going on in the

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market is taken out of the way. I can understand that.

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But that was that's pretty strong. That's a lot of

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people putting a lot of money back into the market

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because of their confidence. So you want to take a

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look at the crewd real quick.

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Speaker 4: Yeah, let's take a look at crude.

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Speaker 1: Sure, So the crude oil has really been chopping around.

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You can see this consolidation phase we've been in here

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really since the beginning of October and then a pretty

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tight band between you know, sixty five of a barrel

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and seventy.

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Speaker 4: One to barrow.

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Speaker 1: We just turned bullish today, and just on an overall basis,

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we have been bullish since April twenty ninth, twenty twenty.

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From fifteen dollars in thirty seven a barrow, we'd rallied

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one hundred and fifteen point one to three a barrow,

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and a lot of other bullish calls in there, that's

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all on hold, and then on a Then we got

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bearish on the break below one nineteen fifteen, and that

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brought in fifty five point fifty more a pressure. So

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a lot of other higher time frame calls are on hold.

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We had just gotten barished yesterday because we'd broken below

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this formation right up in here around seventy fourteen.

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Speaker 4: That says right here.

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Speaker 1: Oh, actually we held exhaustion up here first at seventy

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one even and then rolled over twenty nineteen cents. Then

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the break below seventy fourteen brought in a dollar thirty

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three of pressure before holding this exhaustion level right here

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at sixty eight eighty five with a sixty eight eighty

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one low and bouncing. And now that we've taken out

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this formation on the upside, this is further bullish. Now

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that line's going to come in at seventy sixteen as

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of two o'clock moves up very slightly. A further break

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above this line above should also bring in strength that's

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going to come in at seventy eighty one plus two

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per hour starting at six o'clock PM.

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Speaker 3: All right, So any other markets you think we should

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cover that might be might give us an idea where

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we're heading.

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Speaker 1: Yes, by the way, just as an overall standpoint on

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the energies and the natural gas, and this is political,

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I think that in general you should see without any

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major blow ups in the Middle East, I would expect

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that the pricing would come down because under Trump, I

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mean he pumped put out a lot of natural gas,

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a lot of home production of the energies, and brought

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a lot of that pricing down, especially for gas line

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out stuff. You know what, I thought, Frank, this formation

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down here, this is a pretty significant formation that comes

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into sixty six ninety five and moves up very slowly,

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maybe just one a day. So I really that'll project

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this downward at least four dollars barrel and as much

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hand off.

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Speaker 3: So really, Michael, I saw a really interesting stat that

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during Trump's term in office, the oil production and that

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gas went up forty between forty and fifty percent, And

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interestingly enough, during Biden's term it continued to go up,

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but it was only up two and a half or

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three percent production. So if we see another fifteen to

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twenty percent increase in production, which I think is realistic

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because one of the things you know, like I said,

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we're getting it to fundamentals, which is not your thing.

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Speaker 4: But I think you.

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Speaker 3: Can see it in the charts, is that the administration,

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the current one, put a lot of pressure on banks

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and markets not to finance drilling, and that's all going

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to be gone here. I mean you can see the

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handwriting on the wall, which Exon and the big oil

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companies are happy restricting production because they know they'll get

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higher prices. But the wildcatters out there, the smaller producers,

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the frackers, now they have a new process called refracking.

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They go back to the fract well after it stopped producing,

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they refrack it. It produces even more than it induced

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when it was originally fracked. So if they've got the capital,

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then we're going to see potentially tremendous expansion.

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Speaker 4: In oil produced.

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Speaker 3: Right now, we're producing a record thirteen million plus barrels

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a day in the United States. Maybe we'll get up

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to twenty.

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Speaker 1: I mean, it would just be a huge boom for US.

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I mean, does it make any sense for us, Like

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why would we be depending on other countries for oh, well, yeah,

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all the South American countries in the Midwest, I mean

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in I'm sorry the Far East and UH and Russia.

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I mean, why, it's just it's it's ridiculous and now

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was that. But those are real jobs for people, not

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jobs that are from the government.

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Speaker 3: Those are six figure jobs exactly. Even the guy that

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washes the car as the trucks is making close to

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six figures in the Permeaton basin and up in the

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up in North Dakota too.

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Speaker 4: It'll be a boom.

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Speaker 3: Plus the potential Keystone pipeline another boom for oil production

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and gas. You know, we're just our own worst enemy

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a lot of times, Michael, You know.

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Speaker 4: Yeah.

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Speaker 1: Incidentally, if you notice here in I won't get into

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the unletted gas fully today, but we won't have so

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much time. But I had said in here that on

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five we aft the significant Polish reversal below this one.

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Speaker 4: Right here, I said that I.

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Speaker 1: Know we broke above a significant formation at a dollar

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twenty three oh seven. This projected this up for twenty

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six cents minimum, ninety six cents plus maximum. And it

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just so happened that I made that prediction right before

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Biden got into office and right after. You can see

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what I mean. This is the effect right here. If

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people want to know, with the effect of policy, and

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again I'm not trying to be political, but this is

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effect of policy of shutting all that production and stuff. Yeah,

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I mean, you know, you're gasoline at the pump went

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from a dollar twenty five a gallon the four dollars

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and thirty two cents a gallon.

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Speaker 3: And then with a lower oil price, then we can

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build rebuild the strategic oil reserve which they've been using

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to manipulate prices. And really, Michael, the strategic oil preserve reserve,

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it's good for like forty days worth of oil supply

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in the US.

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Speaker 4: It's nothing, you know, a billion barrels, it's nothing.

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Speaker 1: Why would we not have that security? Why is it

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being new away with their own security.

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Speaker 4: It's just ridiculous, you know.

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Speaker 3: And the Greek tragedies, you're your own worst enemy and

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in this country we got everybody else's enemy and ourselves.

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How are we going to survive this? Hopefully things turn

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around now, Michael, tell us where we find you on

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the web.

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Speaker 1: Okay, let me just pull that up real quick. You

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can go to more Analytics dot com. That's spelled m

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R analytics dot com.

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Speaker 3: Link is in the show notes. This interview. Don't forget

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the link to all these charts is in the show notes.

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Speaker 4: Just click it.

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00:20:08,000 --> 00:20:10,559
Speaker 3: I've got it in a dropbox link. You'll get it

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00:20:10,680 --> 00:20:14,759
right away. And Michael appreciate you coming on and questions

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00:20:14,799 --> 00:20:18,400
comments for Michael write need email kl at Carrie LUTs

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00:20:18,480 --> 00:20:23,720
dot com. And the link to more Analytics dot com

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00:20:23,759 --> 00:20:26,160
is in the show notes to this interview on.

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00:20:26,039 --> 00:20:28,440
Speaker 4: Financial Survival Network dot com.

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00:20:28,480 --> 00:20:30,839
Speaker 3: While you're there, we just ask that you sign up

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00:20:30,839 --> 00:20:34,960
for your free newsletter, like sixty thousand other FSN community

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00:20:35,000 --> 00:20:38,759
members have. Michael always appreciate you coming by. We'll talk

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00:20:38,799 --> 00:20:40,440
to you again soon. Thank you very much.

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Speaker 1: I appreciate Gared.

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00:20:41,839 --> 00:20:46,000
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network your

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00:20:46,079 --> 00:20:49,880
solution to today's trying times. For the latest, go to

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00:20:50,079 --> 00:20:55,960
Financial Survivalnetwork dot com. Financial Survival Network now more than

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00:20:56,039 --> 00:20:56,240
ever

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Speaker 4: Clos