1
00:00:00,160 --> 00:00:02,839
Speaker 1: If you build a base, now you've got support, it

2
00:00:02,879 --> 00:00:05,400
goes a little higher, and building up other base you

3
00:00:05,480 --> 00:00:08,119
have support that goes up again. And I call it

4
00:00:08,279 --> 00:00:12,240
grinding higher. And that's what we're seeing here over the

5
00:00:12,359 --> 00:00:14,919
last several months. It's kind of just ground higher and higher.

6
00:00:15,000 --> 00:00:17,839
People get a little disgusted. It's going sideways. Oh, it

7
00:00:17,920 --> 00:00:20,600
can't get above thirty five? Oh man, thirty five?

8
00:00:20,719 --> 00:00:21,079
Speaker 2: Is it all?

9
00:00:21,199 --> 00:00:23,079
Speaker 1: Thirty five? Thirty five? Thirty And all of a sudden

10
00:00:23,320 --> 00:00:26,160
it's thirty seven, you know, staying there and then you know.

11
00:00:26,359 --> 00:00:28,760
So this is what I expect. You're listening to.

12
00:00:28,879 --> 00:00:33,119
Speaker 3: Carrie let'sa's financial Survival Network where you get valuable information

13
00:00:33,240 --> 00:00:37,000
you just can't find anywhere else to thrive in today's

14
00:00:37,000 --> 00:00:41,600
trying times. You need the Financial Survival Network now more

15
00:00:41,640 --> 00:00:45,560
than ever. Go to Financial Survivalnetwork dot com and get

16
00:00:45,600 --> 00:00:51,600
your free newsletter and gift. Financial Survival Network now more.

17
00:00:51,399 --> 00:00:59,520
Speaker 2: Than ever, and welcome. This is Financial Survival Network. I'm

18
00:00:59,560 --> 00:01:03,920
your host, Carrie Let's. You're watching myself and David Morgan

19
00:01:04,040 --> 00:01:09,040
the Moorganreport dot com. When I want info on silver,

20
00:01:09,120 --> 00:01:11,879
when I want I really know what's happening, there's only

21
00:01:11,920 --> 00:01:17,719
one person I think of, and that is you, David Morgan, Hey,

22
00:01:18,319 --> 00:01:21,239
what can we say about silver? You know it's now

23
00:01:21,280 --> 00:01:26,159
trading the highest it's been since twenty eleven. We broke forty,

24
00:01:26,200 --> 00:01:30,200
we even broke forty one. And I know you're of

25
00:01:30,239 --> 00:01:33,719
a conservative bent, But what your gut telling you? Is

26
00:01:33,760 --> 00:01:35,799
this the real deal? Or are we going to get

27
00:01:35,799 --> 00:01:36,719
a head fake again?

28
00:01:37,599 --> 00:01:39,719
Speaker 1: Well, I'll let the market decide. I mean, I'm a

29
00:01:39,760 --> 00:01:42,560
big believer. I've said so many times that the market

30
00:01:42,640 --> 00:01:46,359
knows more than any of us. But having said that,

31
00:01:46,799 --> 00:01:48,200
you know, all I need to do is see a

32
00:01:48,200 --> 00:01:51,400
couple closes above forty, you know, a couple more days

33
00:01:51,400 --> 00:01:53,920
in a row, and that's confirmation that it's a breakout.

34
00:01:54,519 --> 00:01:57,599
I do think it probably is, and there's a much

35
00:01:57,760 --> 00:02:01,640
upside resistance above the forty level. If you look back

36
00:02:01,680 --> 00:02:05,920
in history, you know, the nineteen eighty high was intra

37
00:02:06,079 --> 00:02:09,879
day and the fifty I'm talking about, or fifty two

38
00:02:09,919 --> 00:02:13,759
to fifty was I think the clothes on the Chicago Exchange. Regardless,

39
00:02:14,800 --> 00:02:18,639
that was very momentary. And then in twenty eleven, when

40
00:02:18,639 --> 00:02:21,280
we didn't quite hit fifty, but we did trade above

41
00:02:21,439 --> 00:02:24,159
forty four a month and a half. In another couple

42
00:02:24,199 --> 00:02:26,039
of months if you look at the chart. So maybe

43
00:02:26,080 --> 00:02:28,159
I don't know three and a half months. I haven't

44
00:02:28,199 --> 00:02:30,759
studied it to the day, but it isn't a lot

45
00:02:31,039 --> 00:02:34,080
of trading that went on above this level. So now

46
00:02:34,120 --> 00:02:37,039
we have to build a base probably or we could

47
00:02:37,039 --> 00:02:39,719
shoot up. But I'm thinking we're going to kind of, hopefully,

48
00:02:39,879 --> 00:02:43,159
in my opinion, stair step up. And the reason I

49
00:02:43,240 --> 00:02:45,680
say that is you really don't want a parabolic move

50
00:02:45,719 --> 00:02:48,520
at this stage of the last leg up in the

51
00:02:48,520 --> 00:02:52,039
precious metals, which means if it goes parabolic, you know,

52
00:02:52,400 --> 00:02:54,280
like throwing up tennis ball in the air, what goes

53
00:02:54,319 --> 00:02:57,280
up must come down. If you build a base, now

54
00:02:57,319 --> 00:02:59,599
you've got support, it goes a little higher. And building

55
00:02:59,639 --> 00:03:03,159
up you have support that goes up again, and I

56
00:03:03,240 --> 00:03:06,280
call it grinding higher. And that's what we've seen here

57
00:03:06,759 --> 00:03:09,080
over you know, the last several months. It's kind of

58
00:03:09,080 --> 00:03:11,599
just ground higher and higher. People get a little disgusted.

59
00:03:11,639 --> 00:03:14,680
It's going sideways. Oh, it can't get above thirty five?

60
00:03:14,800 --> 00:03:16,280
Oh man, thirty five is it?

61
00:03:16,360 --> 00:03:16,520
Speaker 2: Oh?

62
00:03:16,599 --> 00:03:18,479
Speaker 1: Thirty five, thirty five, fifty And all of a sudden

63
00:03:18,719 --> 00:03:21,439
it's thirty seven, you know, staying there and then you

64
00:03:21,479 --> 00:03:26,000
know so this is what I expect. I don't feel

65
00:03:26,039 --> 00:03:29,080
that we're going to get to fifty this year, but

66
00:03:29,159 --> 00:03:32,120
you know, I'm happy if we do. But I'd rather

67
00:03:32,159 --> 00:03:33,759
see what I just said that we kind of just

68
00:03:33,840 --> 00:03:37,360
grind up over you know, current day to the end

69
00:03:37,360 --> 00:03:40,039
of the year and build that base. They get more

70
00:03:40,080 --> 00:03:42,960
and more participation where people get used to the idea

71
00:03:43,319 --> 00:03:46,240
that silver is at forty forty two, forty three, forty four,

72
00:03:46,319 --> 00:03:49,520
forty five, forty five, forty five, forty five, and it

73
00:03:49,599 --> 00:03:51,800
keeps going. And of course it's up and down, as

74
00:03:51,800 --> 00:03:54,159
we both know, but generally moving on it.

75
00:03:55,199 --> 00:03:58,599
Speaker 2: Well, I feel confident saying it's a breakout, although you

76
00:03:58,680 --> 00:04:00,599
do a lot more than I do. You got a

77
00:04:00,639 --> 00:04:03,039
few more years in this space than me, a lot

78
00:04:03,080 --> 00:04:06,120
more years. But I'm looking at the price of gold today.

79
00:04:06,560 --> 00:04:10,599
Broke thirty five hundred thirty five thirty four according to Kitko.

80
00:04:10,680 --> 00:04:14,080
If you can believe what they tell you, which generally

81
00:04:14,360 --> 00:04:17,759
spot market, it's pretty spot on, no pun intended. And

82
00:04:17,959 --> 00:04:22,920
silver broke that forty one in the access market. That

83
00:04:23,000 --> 00:04:24,519
was something I wanted to talk to you about. But

84
00:04:24,720 --> 00:04:29,399
right now, as of the ten AM fixed forty dollars

85
00:04:29,399 --> 00:04:34,199
and eighty three cents. Now, last Friday was the last

86
00:04:34,240 --> 00:04:39,040
trading day of August for netals, and that's always a

87
00:04:39,160 --> 00:04:44,759
significant day, and silver didn't make it over forty and

88
00:04:45,319 --> 00:04:49,839
one could aver or allege that the powers that be

89
00:04:49,959 --> 00:04:53,360
were painting the tape. But then in the access market

90
00:04:54,279 --> 00:04:59,480
over the weekend, on yesterday or the day before, it

91
00:04:59,519 --> 00:05:04,399
broke four forty bucks without a hesitation. So which makes

92
00:05:04,439 --> 00:05:11,720
me wonder is the COMEX losing its ability to control

93
00:05:11,759 --> 00:05:12,560
these markets?

94
00:05:14,160 --> 00:05:18,639
Speaker 1: Well, I would say somewhat. First of all, you know,

95
00:05:18,639 --> 00:05:22,839
there's so much controversy within the metals community. I mean,

96
00:05:23,519 --> 00:05:29,439
there's staunch, there's no manipulation, there's staunched, there is only manipulation.

97
00:05:29,600 --> 00:05:33,360
And then there's people like me that have a different view,

98
00:05:33,480 --> 00:05:37,040
differing view, and that is you cannot manipulate the long

99
00:05:37,120 --> 00:05:41,160
term trend. Within that trend, you certainly can manage the

100
00:05:41,240 --> 00:05:44,680
price from time to time, and that's been proven, to

101
00:05:44,800 --> 00:05:49,240
my satisfaction by what Adrian Douglas did at GATA.

102
00:05:49,720 --> 00:05:51,560
Speaker 2: I reread his paper on.

103
00:05:51,600 --> 00:05:54,319
Speaker 1: It and what we did in the silver manifesto talking

104
00:05:54,319 --> 00:05:56,079
about the sharps ratio. But I don't want to go

105
00:05:56,120 --> 00:05:58,240
too far down that path. You asked the direct question.

106
00:05:58,360 --> 00:06:01,399
Let me answer it as possible. Whether they did it

107
00:06:01,519 --> 00:06:03,399
or not, I don't know. What I do know is

108
00:06:03,439 --> 00:06:06,680
that and the access market is where most of the

109
00:06:06,759 --> 00:06:12,800
time you'll see unusual trading activity. In terms of volume,

110
00:06:13,199 --> 00:06:18,279
it's a smaller market. And anytime you put a large

111
00:06:18,319 --> 00:06:21,839
sell on anything, be it a stock, be a commodity,

112
00:06:21,879 --> 00:06:26,319
be it used cars, be it houses, where you say, well,

113
00:06:26,319 --> 00:06:28,680
we've got this inventory, we want to dump it all

114
00:06:28,959 --> 00:06:33,920
sell they now, the price is going to drop, especially

115
00:06:33,959 --> 00:06:36,199
if you do it in a fin market, which is

116
00:06:36,360 --> 00:06:40,000
the access market, because orders have to match. So if

117
00:06:40,000 --> 00:06:45,959
you've got forty two dollars silver and you get an

118
00:06:46,040 --> 00:06:49,879
abnormally large volume like five, six, seven, eight times a

119
00:06:49,959 --> 00:06:53,040
normal volume, how do you match those orders? The answer

120
00:06:53,160 --> 00:06:55,839
you don't. I mean you've got to go from forty

121
00:06:55,879 --> 00:06:58,439
three and aay down to thirty eight before all the

122
00:06:58,560 --> 00:06:59,759
orders line up.

123
00:07:00,399 --> 00:07:01,759
Speaker 2: And some of those orders, I.

124
00:07:01,720 --> 00:07:08,120
Speaker 1: Would tell you confidently, are not participants that are overseas.

125
00:07:08,560 --> 00:07:11,439
There are people on the other exchanges that are waiting

126
00:07:11,480 --> 00:07:15,480
to catch their own sort sale to close out their position.

127
00:07:15,639 --> 00:07:16,879
This happens all the time.

128
00:07:16,959 --> 00:07:17,959
Speaker 2: People don't think.

129
00:07:17,759 --> 00:07:21,680
Speaker 1: That way, but that's exactly how it works. So there

130
00:07:21,759 --> 00:07:24,319
is that part of it. I will not back down

131
00:07:24,439 --> 00:07:28,639
on that fact. I mean spoofing. You know, think about

132
00:07:28,680 --> 00:07:31,240
the manipulation and the many directions. So I'm on a roll.

133
00:07:31,839 --> 00:07:33,800
But you know, if you go to somebody that's more

134
00:07:33,920 --> 00:07:41,319
establishing than myself, and you absolutely go into though the

135
00:07:41,399 --> 00:07:47,639
law the let's say what was written as a verdict,

136
00:07:47,839 --> 00:07:50,360
you will not find a word manipulation. You'll find a

137
00:07:50,360 --> 00:07:53,319
word spoofing. So you could argue as a lawyer, and

138
00:07:53,360 --> 00:07:55,439
I know you have a legal background greater in mind,

139
00:07:55,439 --> 00:07:57,399
I have contract law only. I got an A in

140
00:07:57,439 --> 00:07:57,920
the class for.

141
00:07:57,959 --> 00:07:58,800
Speaker 2: Whatever that's worth.

142
00:08:00,240 --> 00:08:02,240
Speaker 1: Manipulation isn't in there, So I could go in the course,

143
00:08:02,360 --> 00:08:04,399
there's no manipulation. Here's all the proof. You're on her,

144
00:08:04,720 --> 00:08:08,000
and i'mderlying all the spoof Well, spoofing is no spoofy

145
00:08:08,120 --> 00:08:11,399
is a manipulation. So you get in that semantics argument, right.

146
00:08:12,040 --> 00:08:16,439
The point being is spoofing has been proven time and

147
00:08:16,519 --> 00:08:20,279
time again. I consider to be managing the market, so

148
00:08:20,319 --> 00:08:24,000
I'm using a different word your honor and life goes on.

149
00:08:24,120 --> 00:08:26,120
And then you've got the argument, and I think it's

150
00:08:26,120 --> 00:08:29,600
a justifiable argument. Well happens in all the markets. That's

151
00:08:29,680 --> 00:08:32,639
probably true. I mean you've seen it happen in the

152
00:08:32,679 --> 00:08:35,480
wheat market. You've seen it happen the oil market. Oil

153
00:08:35,559 --> 00:08:37,919
is about as managers as the metals market, as far

154
00:08:37,960 --> 00:08:40,639
as our data shows or the data shows us.

155
00:08:40,759 --> 00:08:41,720
Speaker 2: Let me reframe that.

156
00:08:42,480 --> 00:08:46,000
Speaker 1: And that is and this isn't like new I mean markets.

157
00:08:46,080 --> 00:08:49,720
I mean we you know, read Jesse Livermore's book, you know,

158
00:08:50,440 --> 00:08:53,720
I mean, this is not new to markets when people

159
00:08:53,720 --> 00:08:56,480
could get an edge over each other, insider trading, the

160
00:08:56,559 --> 00:08:59,960
whisper thing, seeing the crop report before anyone else. I mean,

161
00:09:00,120 --> 00:09:03,080
this is not like you know, oh my goodness, it

162
00:09:03,240 --> 00:09:06,440
just started or it started in nineteen seventy nine or whatever.

163
00:09:06,519 --> 00:09:10,600
Come on, this is human nature, pitsland. It's on another

164
00:09:10,679 --> 00:09:13,320
they're going to do. Sorry, I mean, there's something that

165
00:09:13,360 --> 00:09:14,080
won't lay here.

166
00:09:14,120 --> 00:09:20,679
Speaker 2: I shopped, yeah so so, but yeah, the long run,

167
00:09:20,879 --> 00:09:23,720
but if they could keep doing it in the short run,

168
00:09:24,759 --> 00:09:28,080
eventually it will catch up to them. But what is

169
00:09:28,120 --> 00:09:31,440
the short run? Is it a week? Is it a day?

170
00:09:31,799 --> 00:09:36,240
Is it a month? Six months? Six years? The game

171
00:09:36,279 --> 00:09:38,919
has been a foot for a long long time here,

172
00:09:39,519 --> 00:09:44,159
whatever the game is that they're playing, and no intelligent

173
00:09:44,240 --> 00:09:50,200
minds can have differing opinions but certainly spoofing prices. I mean,

174
00:09:50,279 --> 00:09:53,159
JP Morgan only paid a nine hundred and twenty million

175
00:09:53,240 --> 00:09:58,679
there and they didn't protest too much about it. Maybe

176
00:09:58,679 --> 00:10:01,679
there is a plan, maybe there's but for our purposes here,

177
00:10:01,840 --> 00:10:03,360
it's not really relevant, is it.

178
00:10:04,639 --> 00:10:07,039
Speaker 1: Well, again, if you go back to my premise that

179
00:10:07,080 --> 00:10:10,600
you can't manage the launch or manipulate the long term trend,

180
00:10:11,039 --> 00:10:12,919
I think if you keep that in mind and keep

181
00:10:13,600 --> 00:10:15,480
and also keep the right amount, you know, I think

182
00:10:15,519 --> 00:10:17,679
one of the problems with a lot of the metals

183
00:10:17,720 --> 00:10:21,159
heads out there, and you know, maybe I misled people.

184
00:10:21,279 --> 00:10:24,360
None of that was ever deliberate. I always said, basically

185
00:10:24,399 --> 00:10:26,919
ten percent enough for most people of plenty if you're aggressive,

186
00:10:27,600 --> 00:10:30,240
so that means you got eighty percent and whatever, real estate,

187
00:10:30,279 --> 00:10:34,639
the stock market, private business, you know, art, I don't care.

188
00:10:35,159 --> 00:10:37,320
You don't want to really load up too much in

189
00:10:37,320 --> 00:10:39,879
the metals, and there's some such as myself Mike Maloney,

190
00:10:39,919 --> 00:10:42,840
that really are overweighted. But it's our specialty and we're

191
00:10:42,840 --> 00:10:46,240
comfortable there. But most people aren't comfortable, especially when I

192
00:10:46,320 --> 00:10:50,360
see you know, Tesla taking off or their you know,

193
00:10:50,440 --> 00:10:53,399
brother in law's got a rental apartment that's doubled the

194
00:10:53,480 --> 00:10:56,279
rental price in the last five years long, so do it.

195
00:10:56,720 --> 00:10:59,480
There's no The reason I started what I did was

196
00:10:59,519 --> 00:11:03,879
I and know or new that a hedge was required

197
00:11:04,000 --> 00:11:06,960
going into a monetary crisis. But I didn't know if

198
00:11:06,960 --> 00:11:09,039
the crisis was ten years out, twenty years out, of

199
00:11:09,039 --> 00:11:11,559
thirty years out, and I missed times it. I'll admit

200
00:11:11,639 --> 00:11:13,519
that I thought it would be sooner than it is now.

201
00:11:13,559 --> 00:11:17,639
But we're really entering in to the place where almost

202
00:11:17,679 --> 00:11:21,879
all investors are waking up to the fact that something

203
00:11:22,000 --> 00:11:24,360
is a right in the monetary system, and we're just

204
00:11:24,399 --> 00:11:28,200
starting to see an exit out of or rotation out

205
00:11:28,279 --> 00:11:30,320
of stocks of the only place to be the only

206
00:11:30,399 --> 00:11:33,080
go up. I'm just going to keep doing an index

207
00:11:33,200 --> 00:11:36,080
trading into you know what, I like gold, or I

208
00:11:36,120 --> 00:11:37,879
want some gold, or I want to move some of

209
00:11:37,879 --> 00:11:41,279
my profits in the gold. And that's already started. Of course,

210
00:11:41,320 --> 00:11:43,720
it started a few years back with the central banks,

211
00:11:44,039 --> 00:11:49,120
but now starting to move into the top tier. Let's

212
00:11:49,159 --> 00:11:52,679
say the elites that have you know, gobs and gobs

213
00:11:52,720 --> 00:11:55,320
of stock. They're selling off, you know, a billion dollars

214
00:11:55,320 --> 00:11:59,159
worth of their shares and quietly moving into precious moments.

215
00:11:59,440 --> 00:12:02,600
Speaker 2: Yeah, I think there's a kind of an inevitability to

216
00:12:02,759 --> 00:12:04,200
it all, don't you think I do.

217
00:12:04,360 --> 00:12:07,840
Speaker 1: I mean, this cycle has been gone through time and

218
00:12:07,879 --> 00:12:11,639
time again. It's just never been a worldwide phenomena. I mean,

219
00:12:11,679 --> 00:12:14,559
no one knows that better than you know, Martin Armstrong.

220
00:12:14,639 --> 00:12:17,240
I mean he knows it better than I. But you know,

221
00:12:17,320 --> 00:12:20,519
in other realms, you could have escaped to a different

222
00:12:20,519 --> 00:12:23,120
country or a different currency and kind of protected yourself.

223
00:12:23,519 --> 00:12:27,919
This way, there's really no out out of the US dollar.

224
00:12:28,039 --> 00:12:30,159
Yes there's the bricks, but they really don't have an

225
00:12:30,200 --> 00:12:32,559
official currency, and I don't think there's a way to

226
00:12:32,639 --> 00:12:35,320
hiden the currency. Marty may disagree with me, but I

227
00:12:35,360 --> 00:12:38,159
think gold as he says, it's not me he's necessarily

228
00:12:38,200 --> 00:12:42,720
an inflation heads. It's a government hedge. When trusted government

229
00:12:42,759 --> 00:12:45,440
breaks down, it's breaking down on a global basis. It's

230
00:12:45,519 --> 00:12:49,960
not just you know, the constitutional republic that we purportedly have,

231
00:12:50,000 --> 00:12:53,360
which is broken down years ago. You look at democracies,

232
00:12:53,519 --> 00:12:57,639
you look at you know, socialist systems across the board.

233
00:12:57,679 --> 00:13:00,600
You're seeing people that are disgusted with their leadership.

234
00:13:01,919 --> 00:13:06,159
Speaker 2: Yeah. Yeah, well, you know, the game has always been

235
00:13:06,240 --> 00:13:10,159
the same here, and I just think it's interesting that

236
00:13:10,279 --> 00:13:12,720
we finally reached this point. I mean I felt like

237
00:13:12,799 --> 00:13:16,440
we were coming here back when Silver broke thirty two

238
00:13:16,480 --> 00:13:20,120
dollars that seemed to have been a key resistance point.

239
00:13:20,200 --> 00:13:24,000
Thirty two fifty broke through there. Then it played around

240
00:13:24,039 --> 00:13:26,799
here for a good six months before we got to

241
00:13:26,840 --> 00:13:29,720
this point. I think it was back in May when

242
00:13:30,840 --> 00:13:34,840
Silver or maybe April Silver hit thirty two bucks, I

243
00:13:34,840 --> 00:13:38,279
don't remember off the top of my head. But yeah,

244
00:13:38,320 --> 00:13:46,039
so resistance ahead. What what's the next resistance point? It's

245
00:13:46,039 --> 00:13:49,679
got to be fifty bucks, right or forty nine to fifty. Yeah,

246
00:13:49,799 --> 00:13:53,320
that's a psychological resistance. I mean, nineteen eighty its stayed

247
00:13:53,320 --> 00:13:56,039
there for minutes on the floor, tat say an hour

248
00:13:56,159 --> 00:14:00,000
or so. You go back to twenty eleven, at actually

249
00:14:00,039 --> 00:14:02,879
didn't even hit fifty to hit the high high high forties.

250
00:14:03,360 --> 00:14:06,559
Stayed there momentarily, and it lasted just a few days.

251
00:14:07,200 --> 00:14:09,000
So it's psychological.

252
00:14:09,200 --> 00:14:12,480
Speaker 1: There'd be probably algorithms that say, you know, sell out

253
00:14:12,480 --> 00:14:16,320
at forty nine twenty two to fifty one eighty three,

254
00:14:16,440 --> 00:14:20,639
whatever the you know, whatever's in the computer, and I

255
00:14:20,639 --> 00:14:24,279
think that will happen. Now that's a guess, it's an

256
00:14:24,399 --> 00:14:28,080
educated guess. But it doesn't really prove anything. I do

257
00:14:28,159 --> 00:14:31,279
think it'll stall out because of the psychological resistance, but

258
00:14:31,320 --> 00:14:34,799
there isn't really any true resistance there. I mean, as

259
00:14:34,799 --> 00:14:39,000
far as you know, it's you know, having days and

260
00:14:39,080 --> 00:14:41,960
weeks and months at that level and the never getting

261
00:14:42,000 --> 00:14:45,320
beyond it, which we have seen and overcome as you outline.

262
00:14:45,759 --> 00:14:49,399
So really I think it's a psychological barrier only I

263
00:14:49,440 --> 00:14:52,360
do think it'll take place. I think it'll be momentary,

264
00:14:52,399 --> 00:14:54,519
meaning you know, days, weeks, I don't think, you know,

265
00:14:54,559 --> 00:14:57,159
a couple of months maybe, and then I think we'll

266
00:14:57,200 --> 00:14:59,679
get through it the next time. And the next time

267
00:14:59,679 --> 00:15:03,000
we do stay there under the more been rull three

268
00:15:03,120 --> 00:15:05,679
four days in a row on big volume, on clothes only,

269
00:15:06,639 --> 00:15:10,519
we're probably off to fifty five, sixty sixty five, who knows,

270
00:15:10,840 --> 00:15:14,159
But it will be very interesting to see what happens

271
00:15:14,200 --> 00:15:17,159
once it reaches the fifty level and we start seeing

272
00:15:17,159 --> 00:15:21,039
a fifty handle where it's not three days, it's three weeks,

273
00:15:21,080 --> 00:15:23,480
and then it's three months, and then it's you know whatever.

274
00:15:23,639 --> 00:15:26,720
So looking forward to that day, it is ahead of

275
00:15:26,799 --> 00:15:28,320
us as far as I can ascertain.

276
00:15:28,799 --> 00:15:32,799
Speaker 2: Time will tell you know, I bought most of my

277
00:15:32,919 --> 00:15:36,240
silver right after the crash, after the collapse, when metal

278
00:15:36,320 --> 00:15:42,679
markets really got wasted, gold was trading as low as

279
00:15:42,679 --> 00:15:45,720
seven hundred. Premiums were up. You know, premiums are asi

280
00:15:45,720 --> 00:15:49,039
as ten percent, and I bought silver right around at

281
00:15:49,039 --> 00:15:51,399
the same time for eight to ten dollars an ounce,

282
00:15:51,440 --> 00:15:55,200
sometimes a little cheaper than that. So I've never really

283
00:15:55,600 --> 00:15:59,799
ever thought of disposing of my physical at what point,

284
00:16:00,039 --> 00:16:04,240
because you know, people get greedy and just like people

285
00:16:04,440 --> 00:16:07,039
like me who sold their bitcoin at six hundred dollars

286
00:16:07,080 --> 00:16:11,159
and thought they were cleaning up, we don't want to

287
00:16:11,159 --> 00:16:12,080
be in that situation.

288
00:16:13,759 --> 00:16:17,399
Speaker 1: It's a tough call, Kerrie. First of all, David Smith

289
00:16:17,440 --> 00:16:20,519
and I wrote a book, Second Chance, and it talks

290
00:16:20,559 --> 00:16:24,240
about how to take profits, and there's several ways to

291
00:16:24,279 --> 00:16:27,559
do it. One thing that you got that I think about,

292
00:16:27,639 --> 00:16:30,679
and I don't think it's voiced that often in the community,

293
00:16:30,720 --> 00:16:33,879
and that is so as long as we're in a

294
00:16:34,000 --> 00:16:34,919
dollar system.

295
00:16:35,320 --> 00:16:36,440
Speaker 2: I put that in a quotation.

296
00:16:36,600 --> 00:16:39,919
Speaker 1: Mark's not a you know, definition of a dollar, which

297
00:16:39,960 --> 00:16:42,039
is a weight of silver, but in the parlance of

298
00:16:42,080 --> 00:16:45,559
a februaryserve note, you've got to look at the history

299
00:16:45,559 --> 00:16:48,200
that we have in modern times, the nearer term is

300
00:16:48,240 --> 00:16:52,720
more important for trading than the long term. So golds

301
00:16:54,080 --> 00:16:57,159
out of the ground all in sustaining costs, they can

302
00:16:57,200 --> 00:17:00,639
make a round number about eighteen hundreds if you double

303
00:17:00,679 --> 00:17:03,679
eighteen hundred to come out with thirty six. So right

304
00:17:03,720 --> 00:17:07,680
now gold is trading about double what the ais C is.

305
00:17:08,480 --> 00:17:11,799
So if we apply that same metric to silver, you

306
00:17:11,880 --> 00:17:15,119
all sustaining costs somewhere around twenty six and around it

307
00:17:15,200 --> 00:17:18,759
up to twenty eight. Double that, that's fifty six. So

308
00:17:18,839 --> 00:17:23,039
we get to fifty six. We have the same metric

309
00:17:23,200 --> 00:17:25,880
that we do in gold, meaning the all in sustaining

310
00:17:25,920 --> 00:17:30,119
costs is two x what the you know, the price

311
00:17:30,200 --> 00:17:31,359
is two x what the all.

312
00:17:31,240 --> 00:17:32,240
Speaker 2: In sustaining cost is.

313
00:17:33,039 --> 00:17:35,720
Speaker 1: Now, if we're just still trading in dollars, which we

314
00:17:35,839 --> 00:17:39,720
probably will be, or federal reserve notes, how high is

315
00:17:39,759 --> 00:17:43,920
it going to go within you know, within that realm?

316
00:17:44,400 --> 00:17:47,319
In other words, unless you get a breakdown, which you

317
00:17:47,440 --> 00:17:50,759
can of one or two things. One you could lose

318
00:17:50,799 --> 00:17:53,319
faith in the dollar altogether, which is happening more and

319
00:17:53,319 --> 00:17:56,759
more rapidly all the time, and that means converting those

320
00:17:56,799 --> 00:17:59,920
thud reserve notes into hard assets, especially the Prentice metal,

321
00:18:00,240 --> 00:18:02,480
you will push the price higher and higher could go

322
00:18:02,519 --> 00:18:03,920
to absurd levels.

323
00:18:04,440 --> 00:18:07,480
Speaker 2: However, that could be.

324
00:18:07,839 --> 00:18:11,200
Speaker 1: A momentary event, just like it was in nineteen eighty

325
00:18:11,200 --> 00:18:15,440
eighty twenty eleven, especially if there is a new monetary

326
00:18:15,480 --> 00:18:19,200
system that's right around the corner, meaning they're going to

327
00:18:19,200 --> 00:18:23,680
reprice everything in the new digital currency. So I don't

328
00:18:23,680 --> 00:18:26,920
want to get too wrapped up in the one hundred

329
00:18:27,000 --> 00:18:30,119
dollars five hundred dollars one thousand dollars silver or whatever

330
00:18:30,119 --> 00:18:32,319
some of these numbers are out there. I want to

331
00:18:32,359 --> 00:18:35,359
take a more practical view of what's the economy doing.

332
00:18:35,839 --> 00:18:41,119
Are we in a blowoff inflationary mode? Are we looking

333
00:18:41,160 --> 00:18:45,160
at something more of a debt liquidating liquidity squeeze where

334
00:18:45,200 --> 00:18:48,119
the bond market gets forced lower because the interest rates

335
00:18:48,200 --> 00:18:50,920
take off on their own, regardless of what the discount

336
00:18:51,000 --> 00:18:54,039
window is set up by the Thuld Reserve Board, And

337
00:18:54,119 --> 00:18:56,680
all of a sudden, people can't buy groceries or.

338
00:18:56,640 --> 00:18:58,640
Speaker 2: Pay their electric bill. What are they going to do?

339
00:18:59,079 --> 00:19:01,480
Speaker 1: So what I'm saying is an out living out. I'm

340
00:19:01,519 --> 00:19:06,200
not ruling out a deflationary type of scenario that could

341
00:19:06,200 --> 00:19:10,440
be temporary before a hyperinflationary blowoff or it takes hold

342
00:19:10,440 --> 00:19:13,519
in it goes that direction. Which means you've got to

343
00:19:13,519 --> 00:19:16,640
watch the market closely and price it accordingly.

344
00:19:16,720 --> 00:19:18,279
Speaker 2: So let me do a real quick example.

345
00:19:18,359 --> 00:19:22,519
Speaker 1: Let's say the SMP goes from sixty four hundred or

346
00:19:22,599 --> 00:19:25,519
thereabouts down to five thousand, So whatever that is thirty

347
00:19:25,599 --> 00:19:27,640
percent loss, I can't do that math in my head

348
00:19:27,680 --> 00:19:31,480
that well, and then gold stays to goes to five thousand.

349
00:19:31,519 --> 00:19:33,440
Now we got a one to one SMP.

350
00:19:35,119 --> 00:19:35,960
Speaker 2: To gold.

351
00:19:36,359 --> 00:19:39,279
Speaker 1: Well, now that piece of gold hasn't really changed.

352
00:19:39,319 --> 00:19:40,720
Speaker 2: The price has. But what does it buy?

353
00:19:40,799 --> 00:19:42,920
Speaker 1: What buys a lot more companies than it used to?

354
00:19:43,440 --> 00:19:45,240
What if it buys more housing than it used to,

355
00:19:45,359 --> 00:19:47,200
What if it buys more automobiles than it used to?

356
00:19:47,680 --> 00:19:49,680
And that's what I'm looking for, because people want to

357
00:19:49,680 --> 00:19:54,720
get a numerical price. But as the inflation or depreciations

358
00:19:54,759 --> 00:19:59,119
a better term of the dollar continues, you're looking at

359
00:19:58,359 --> 00:20:04,200
a shrink unit. You don't really know what the price is,

360
00:20:04,440 --> 00:20:07,839
meaning it's the value, which means you've got to compare

361
00:20:07,880 --> 00:20:11,799
it to other goods and services. So let's say, for example,

362
00:20:12,359 --> 00:20:16,039
we do start to see a lot of backing down

363
00:20:16,240 --> 00:20:19,480
in the equity side, and even the bond market starts

364
00:20:19,480 --> 00:20:20,440
to have more and more.

365
00:20:20,359 --> 00:20:22,279
Speaker 2: Problems now what do we do.

366
00:20:22,359 --> 00:20:25,799
Speaker 1: Well, we evaluate what the value is of those metals

367
00:20:26,079 --> 00:20:29,400
and how much they've appreciated against all their asset classes.

368
00:20:29,839 --> 00:20:32,319
And if that's the case and the price remains the same,

369
00:20:32,799 --> 00:20:36,160
the value has increased. And now what do we do well?

370
00:20:36,400 --> 00:20:38,240
I think you use some logic, you say, you know what,

371
00:20:38,599 --> 00:20:41,319
I'm going to take some profits here. I plan to

372
00:20:41,480 --> 00:20:44,559
filter out on the way up, not get too greedy.

373
00:20:44,960 --> 00:20:48,000
I know from trading futures for a living how difficult

374
00:20:48,039 --> 00:20:51,359
it is. And always sell in the strength and not say,

375
00:20:51,400 --> 00:20:53,359
oh my god, I sold it at fifty five in

376
00:20:53,359 --> 00:20:55,440
the day. At sixty, well I didn't sell at all,

377
00:20:56,079 --> 00:20:59,400
and it's still selling in the strength, and I still

378
00:20:59,440 --> 00:21:02,519
have some powder. I might sell some more at sixty

379
00:21:02,599 --> 00:21:05,200
or whatever. But there's a plan or plans outlined in

380
00:21:05,240 --> 00:21:08,160
that book. To think you're going to get the very

381
00:21:08,200 --> 00:21:11,200
tippy top. That's an amateurs game. You don't want to

382
00:21:11,200 --> 00:21:13,720
play that game. You want to be a professional. You

383
00:21:13,759 --> 00:21:16,759
want to get out within hopefully twenty percent of the top,

384
00:21:17,279 --> 00:21:19,359
and at the top is one hundred, twenty percent of

385
00:21:19,359 --> 00:21:20,079
that is eighty.

386
00:21:20,559 --> 00:21:21,680
Speaker 2: So if you got out.

387
00:21:21,519 --> 00:21:24,359
Speaker 1: At sixty seventy eighty and it went to one hundred,

388
00:21:24,400 --> 00:21:26,799
and you got some out at ninety let's say, at

389
00:21:26,839 --> 00:21:29,839
peaks and it starts to fall ninety eighty, you sell

390
00:21:29,839 --> 00:21:32,799
off the rest. You're convinced that the peaks here, everybody's selling,

391
00:21:32,799 --> 00:21:35,880
and call the dealers. I'm selling. Well, we're going to discount.

392
00:21:35,920 --> 00:21:36,799
You discount.

393
00:21:37,079 --> 00:21:37,559
Speaker 2: What do you mean?

394
00:21:37,759 --> 00:21:39,799
Speaker 1: So it was it ninety, Well, we've got so many sellers,

395
00:21:39,839 --> 00:21:42,240
we're just cutting you to eighty bucks, which is what

396
00:21:42,400 --> 00:21:45,680
happened in the nineteen eighty run up. The dealers in

397
00:21:45,839 --> 00:21:49,039
La bid backed about thirty five, even though the futures

398
00:21:49,079 --> 00:21:50,759
price was hitty in fifty.

399
00:21:51,200 --> 00:21:56,079
Speaker 2: Momentarily, yep, no, I just remember what Bernard Beruk said

400
00:21:56,440 --> 00:21:59,000
that he got rich letting the other guy make the

401
00:21:59,079 --> 00:22:04,160
last ten percent. And you know you can't expect to

402
00:22:04,200 --> 00:22:06,920
get out at the top here. You're a professional, you

403
00:22:06,960 --> 00:22:09,279
know you've been doing this your whole life, and you're

404
00:22:09,319 --> 00:22:12,200
saying you can't get out at the top. How does

405
00:22:12,240 --> 00:22:15,000
that work for me? It can't be done. But on

406
00:22:15,039 --> 00:22:17,200
the other hand, you might always want to keep core

407
00:22:17,279 --> 00:22:21,519
holding right, but my person power goes up so much

408
00:22:22,079 --> 00:22:26,160
that you can buy other assets that historically were overvalued

409
00:22:26,200 --> 00:22:30,079
for undervaluation. That's what you're saying, right, So if you

410
00:22:30,079 --> 00:22:34,240
can buy a house for a thousand ounces of silver,

411
00:22:34,960 --> 00:22:39,759
say just as a for instance, maybe you do that right, right,

412
00:22:40,319 --> 00:22:41,960
And I think there's a legacy, you know.

413
00:22:42,000 --> 00:22:44,759
Speaker 1: I mean you listen to Jim rickcards and a lot

414
00:22:44,759 --> 00:22:47,279
of respect for Jim, and you know what are the

415
00:22:47,359 --> 00:22:53,720
legacy investments? The lands lamb, golden and fine art are collectibles.

416
00:22:53,799 --> 00:22:56,400
So you know, most people are out of the collectibles thing.

417
00:22:56,440 --> 00:22:58,960
That's for pretty much the very rich. The gold is

418
00:22:59,000 --> 00:23:01,559
accessible to almost start everyone these days in real estate.

419
00:23:02,200 --> 00:23:05,440
And so I would definitely for a legacy toward my

420
00:23:05,599 --> 00:23:09,799
kids and my granddaughter pass on some you know, some

421
00:23:09,920 --> 00:23:13,640
precious metals. I probably never sell it all, but certainly

422
00:23:13,680 --> 00:23:17,359
when it gets overvalued relative to other things. Again I

423
00:23:17,400 --> 00:23:21,920
say overvalued, maybe not correctly priced in the imagination of

424
00:23:22,559 --> 00:23:25,079
you know some people. I mean, so when you get

425
00:23:25,119 --> 00:23:30,319
to the hyperinflation, the prices are relevant. I mean, in Zimbabwe,

426
00:23:30,519 --> 00:23:36,000
the one hundred trillion dollar bills never hit circulation. The

427
00:23:36,039 --> 00:23:39,119
currency had failed before those bills were allowed to circulate,

428
00:23:39,680 --> 00:23:40,880
So you know what good were they?

429
00:23:40,880 --> 00:23:41,319
Speaker 2: They weren't.

430
00:23:41,359 --> 00:23:43,720
Speaker 1: They're worthless even though they had that large number on.

431
00:23:45,279 --> 00:23:51,799
Speaker 2: MM. So I guess you know, the question on everybody's

432
00:23:51,799 --> 00:23:54,960
mind is how high it can go, and your responses

433
00:23:55,119 --> 00:24:00,640
doesn't matter. You have to watch it and don't be greedy.

434
00:24:01,799 --> 00:24:03,319
Take your exit when it's time.

435
00:24:04,400 --> 00:24:08,240
Speaker 1: Yeah, I just believe that you got to be a

436
00:24:08,279 --> 00:24:13,079
sound mind, and you've got to, you know, be satisfied

437
00:24:13,119 --> 00:24:16,039
with what you get. As the late great Jim Doane said,

438
00:24:16,160 --> 00:24:19,000
love what you get, it's all you're gonna get.

439
00:24:19,440 --> 00:24:22,759
Speaker 2: Yeah. I couldn't agree with that more. In fact, I've

440
00:24:23,000 --> 00:24:26,839
more or less lived my life that way. You got

441
00:24:26,880 --> 00:24:29,920
to want what life wants for you because you have

442
00:24:30,000 --> 00:24:32,359
no control over what it's going to give you anyway,

443
00:24:32,680 --> 00:24:34,480
So you might as well be happy with what you

444
00:24:34,599 --> 00:24:38,480
have a little bit of philosophy, but it certainly happens

445
00:24:38,519 --> 00:24:42,400
with the markets. But it is a nice feeling when

446
00:24:42,440 --> 00:24:48,000
you see that your your stack is appreciating in value,

447
00:24:48,559 --> 00:24:53,920
and you know it's more than doubled over past year

448
00:24:53,920 --> 00:24:57,319
and a half. That is a good feeling. Oh absolutely.

449
00:24:57,400 --> 00:25:00,359
Speaker 1: I mean you look at you know how poorly silver

450
00:25:00,440 --> 00:25:03,480
has done. If you go to gold, you know from

451
00:25:03,559 --> 00:25:06,359
the last twenty five years it has a Keeger compound

452
00:25:06,599 --> 00:25:10,759
annual growth rate of over ten percent. That's better than

453
00:25:10,799 --> 00:25:12,960
the stock market, which yes and P is about eight

454
00:25:13,000 --> 00:25:16,759
percent and the housing market's about six percent. Now, silver

455
00:25:16,880 --> 00:25:19,799
hasn't done as well as gold. It's somewhere near what

456
00:25:19,920 --> 00:25:23,119
the S and P has done, but still that is

457
00:25:23,160 --> 00:25:25,640
a compound. Now the problem is people say, well, wait

458
00:25:25,680 --> 00:25:27,519
a minute, day, what are you talking about. I'm talking

459
00:25:27,519 --> 00:25:31,319
about the compounded average growth it over that time period.

460
00:25:31,640 --> 00:25:34,480
But that doesn't mean every year it does that. Some

461
00:25:34,680 --> 00:25:36,839
years it goes up thirty percent, some years it goes

462
00:25:36,880 --> 00:25:41,279
down thirty percent. But the idea of the metals especially

463
00:25:41,519 --> 00:25:43,519
is its preserved wealth.

464
00:25:43,640 --> 00:25:44,599
Speaker 2: Wealth preservation.

465
00:25:45,160 --> 00:25:48,680
Speaker 1: It's there forever and always and because of that, if

466
00:25:48,680 --> 00:25:51,839
you hedge or write them out for you five percent,

467
00:25:51,920 --> 00:25:55,000
ten percent, twenty percent, whatever it is that in the

468
00:25:55,039 --> 00:25:57,279
long run is going to do what I just outlined.

469
00:25:57,799 --> 00:26:01,079
And this is something that investors actually have the mindset

470
00:26:01,160 --> 00:26:07,519
to do it, whereas day traders, swing traders, traders really

471
00:26:07,519 --> 00:26:09,920
don't have that mentality. That's okay, it takes all currents

472
00:26:09,920 --> 00:26:12,079
to make a market. I've nothing against them at all.

473
00:26:12,440 --> 00:26:14,400
They just have a different view of the markets and

474
00:26:14,440 --> 00:26:17,400
how they approach them, and that's fine. But if you're

475
00:26:17,440 --> 00:26:21,920
looking at the market as a speculator and yet you're

476
00:26:22,160 --> 00:26:25,920
acting as an investor. You have cognitive dissonance. Oh my god,

477
00:26:25,920 --> 00:26:28,160
I bought the silver of thirty and now it's twenty five.

478
00:26:28,200 --> 00:26:29,519
Speaker 2: What A'm gonna do? What am I gonna do? What

479
00:26:29,559 --> 00:26:30,039
I'm gonna do?

480
00:26:30,440 --> 00:26:32,200
Speaker 1: Well, you're about to write them out. You're probably spit

481
00:26:32,240 --> 00:26:35,039
a sleep soundly, because you know, if we go into

482
00:26:35,119 --> 00:26:37,960
a currency crisis, you're going to do fine. And if

483
00:26:38,000 --> 00:26:41,799
we don't, you're gonna be okay, especially if it even stays.

484
00:26:41,480 --> 00:26:42,400
Speaker 2: Below where you bought it.

485
00:26:42,480 --> 00:26:45,599
Speaker 1: Four in terms of Federal Reserve notes, at least, one,

486
00:26:45,640 --> 00:26:48,640
you haven't lost everything. Two it has some value, and

487
00:26:48,720 --> 00:26:50,960
three you should be happy in a way because you're

488
00:26:51,000 --> 00:26:54,079
hedged in the worst case scenario. But people that go

489
00:26:54,160 --> 00:26:56,000
all in and go for the wrong thing at the

490
00:26:56,039 --> 00:27:00,440
wrong time, to buy the wrong product of the day,

491
00:27:00,440 --> 00:27:01,799
they ever heard the word silver?

492
00:27:02,880 --> 00:27:06,079
Speaker 2: You know. I'll tell you a little anecdotal tale here.

493
00:27:06,519 --> 00:27:11,640
Back in twenty ten eleven, I was really business is great.

494
00:27:12,279 --> 00:27:14,200
I just sold out of my law firm. I was

495
00:27:14,240 --> 00:27:16,559
buying well the metal I could lay my hands on,

496
00:27:17,039 --> 00:27:20,359
and I got my friend into doing it, and he

497
00:27:20,440 --> 00:27:23,359
had a lot more money than me. He bought way more,

498
00:27:24,119 --> 00:27:27,000
you know, he was sitting on over seven figures worth

499
00:27:27,680 --> 00:27:31,279
and then his business went under. He got divorced, and

500
00:27:31,759 --> 00:27:34,359
he said, you know, I needed to cash in a

501
00:27:34,400 --> 00:27:36,599
lot of that. But if it wasn't for the fact

502
00:27:36,640 --> 00:27:38,599
that you got me into it, I would have never

503
00:27:38,720 --> 00:27:42,319
had that money. Because when you've got the medal, there's

504
00:27:42,359 --> 00:27:47,400
an intense predisposition not to part with it, and it's

505
00:27:47,559 --> 00:27:51,319
a kind of forced savings. So he was well ahead

506
00:27:51,359 --> 00:27:56,119
of where our entry point was. But more importantly, it

507
00:27:56,160 --> 00:28:00,000
was a type it's liquid, but it's still a pain

508
00:28:00,079 --> 00:28:03,240
to get rid of. It's not like sending money from

509
00:28:03,319 --> 00:28:06,440
one account to another or selling your crypto off and

510
00:28:06,799 --> 00:28:09,839
transferring the money to your account. And as a result

511
00:28:09,880 --> 00:28:15,119
of that friction to dispose of his medals hoard, he

512
00:28:15,240 --> 00:28:18,039
had it when he needed it, and he was very

513
00:28:18,039 --> 00:28:20,799
thankful to me. And I felt like, hey, what did

514
00:28:20,799 --> 00:28:24,160
I do here? I just gave you my opinion, you

515
00:28:24,200 --> 00:28:27,599
acted on it. I'm no financial advisor, but I'm putting

516
00:28:27,640 --> 00:28:29,960
my money where my mouth is. And it really worked

517
00:28:29,960 --> 00:28:32,799
out for him. So that is an added benefit to

518
00:28:33,200 --> 00:28:35,960
having the physical that most of you out there really

519
00:28:36,079 --> 00:28:40,279
don't get. All right, Well, it's great to talk to

520
00:28:40,319 --> 00:28:43,359
you again. Especially on this momentous day. And I do

521
00:28:43,480 --> 00:28:48,000
think it's momentous because we've got gold making new all

522
00:28:48,039 --> 00:28:54,640
time highs and we've got silver making almost fifteen year

523
00:28:54,720 --> 00:28:57,920
highs here. So this is a good day for US

524
00:28:58,480 --> 00:29:02,200
vindication validation as if you needed it anyway, which you

525
00:29:02,240 --> 00:29:07,680
certainly don't. Oh, one final thing, the metal stocks, precious

526
00:29:07,720 --> 00:29:11,319
metal stocks, they seem to be coming back to life. Now,

527
00:29:12,000 --> 00:29:13,319
what are your thoughts.

528
00:29:13,759 --> 00:29:16,880
Speaker 1: Yeah, well, they're they're confirming the move. I mean, they've

529
00:29:16,920 --> 00:29:20,160
been doing well during the summer while golds really been flat.

530
00:29:20,680 --> 00:29:23,200
More and more interest in them. They are really the

531
00:29:23,279 --> 00:29:26,559
value plays. I mean the gold miners were trading as

532
00:29:26,559 --> 00:29:29,000
if gold was like twenty two hundred the ounce instead

533
00:29:29,000 --> 00:29:32,200
of or thirty five hundred the ounce. They're starting to

534
00:29:32,240 --> 00:29:37,000
move now. Newmont is the second best performing stock this

535
00:29:37,119 --> 00:29:39,240
year on the sm P five hundred. Think about that,

536
00:29:39,759 --> 00:29:43,200
five hundred stocks the videos edging it out slightly and

537
00:29:43,279 --> 00:29:44,599
new Month's the second best.

538
00:29:45,000 --> 00:29:46,599
Speaker 2: Maybe at the end of the week, New.

539
00:29:46,519 --> 00:29:48,880
Speaker 1: Mount Willacks would be the number one best performing stock

540
00:29:48,960 --> 00:29:50,200
on the S and P five hundred.

541
00:29:50,480 --> 00:29:51,079
Speaker 2: Think about it.

542
00:29:51,400 --> 00:29:54,319
Speaker 1: Oh and by the way, nobody's talking about that, So

543
00:29:54,400 --> 00:29:55,599
it's pretty interesting.

544
00:29:55,880 --> 00:29:59,079
Speaker 2: Yes, I know exactly what you're saying. Couldn't agree with you.

545
00:29:59,119 --> 00:30:03,799
More holding of stocks and some really good ones, but

546
00:30:03,839 --> 00:30:06,559
we don't really talk about particular stock names here. If

547
00:30:06,599 --> 00:30:09,680
you are interested, you can always send me an email.

548
00:30:09,839 --> 00:30:12,119
I'll shoot off to David. You can get the Morgan

549
00:30:12,240 --> 00:30:16,519
Report where he covers a lot of companies and the

550
00:30:16,960 --> 00:30:20,160
David's Pleasure. I've got a question for David myself. Shoot

551
00:30:20,160 --> 00:30:23,759
me an email kl at Carrie Loot dot at carrielots

552
00:30:23,839 --> 00:30:26,960
dot com. It's the Morgan Report dot com links to

553
00:30:27,000 --> 00:30:29,240
the show notes if you go to the site Financial

554
00:30:29,599 --> 00:30:33,920
Survival Network dot com, which we're phasing into a substax

555
00:30:34,599 --> 00:30:38,720
site because it's just so much easier to manage, less costly,

556
00:30:39,359 --> 00:30:43,279
and it lends itself to writing articles and newsletters, and

557
00:30:43,720 --> 00:30:47,359
you'll find it there. But Financial Survival Network dot com

558
00:30:47,400 --> 00:30:50,039
is going to take you there anyway. David can't thank

559
00:30:50,039 --> 00:30:52,799
you enough. It's so great to reconnect with you. Hopefully

560
00:30:52,839 --> 00:30:54,519
I'll see you at a conference one of these days.

561
00:30:54,559 --> 00:30:56,400
So great, Grey, thank you very much.

562
00:30:56,519 --> 00:31:00,640
Speaker 3: Thanks for listening to carry Lets's Financial Survival Network your

563
00:31:00,720 --> 00:31:04,559
solution to today's trying times. For the latest, go to

564
00:31:04,720 --> 00:31:10,640
Financial Survivalnetwork dot com. Financial survival network now more than

565
00:31:10,720 --> 00:31:10,960
ever