1
00:00:00,040 --> 00:00:03,439
Speaker 1: It's been pretty interesting to see how resilient gold in

2
00:00:03,480 --> 00:00:06,599
particular has been. It's still sitting above as we record this.

3
00:00:06,679 --> 00:00:08,880
I don't want to date it, but as we record this,

4
00:00:09,160 --> 00:00:12,279
gold is still holding that five thousand dollars level. Gold

5
00:00:12,279 --> 00:00:14,679
and silver having their moment, I mean, what a moment

6
00:00:14,720 --> 00:00:16,440
they've had over the last couple of months.

7
00:00:16,559 --> 00:00:20,480
Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you

8
00:00:20,480 --> 00:00:24,440
get valuable information. You just can't find anywhere else to

9
00:00:24,600 --> 00:00:28,640
thrive in today's trying times. You need the Financial Survival

10
00:00:28,679 --> 00:00:33,399
Network now more than ever. Go to Financial Survivalnetwork dot

11
00:00:33,439 --> 00:00:37,759
com and get your free newsletter and gift. Financial Survival

12
00:00:37,799 --> 00:00:40,719
Network now more than ever.

13
00:00:43,960 --> 00:00:47,399
Speaker 3: And welcome you are listening to and watching the Financial

14
00:00:47,439 --> 00:00:51,679
Survival Network. I'm your host, Carry Lutz and special trade

15
00:00:51,679 --> 00:00:54,200
for you today. Someone has been on the show a

16
00:00:54,280 --> 00:00:58,759
number of times over the years, uncannily been correct and

17
00:00:58,920 --> 00:01:02,280
certainly has been a master strategist as far as the

18
00:01:02,320 --> 00:01:06,519
market's concerned. I'm talking about Jerry Robinson. Follow the Money

19
00:01:06,599 --> 00:01:08,799
dot com. Jerry, it's great to have you back on

20
00:01:08,840 --> 00:01:13,400
the show, and it's overdue. I mean, the recent movement

21
00:01:13,439 --> 00:01:19,079
of gold and silver's taken the so called experts by surprise.

22
00:01:20,079 --> 00:01:23,280
Speaker 1: Indeed, thank you carry for the invite to be here.

23
00:01:23,319 --> 00:01:27,519
I appreciate your work. Yeah, gold and silver having their moment,

24
00:01:27,599 --> 00:01:29,599
I mean, what a moment they've had over the last

25
00:01:29,640 --> 00:01:30,480
couple of months.

26
00:01:30,799 --> 00:01:34,519
Speaker 3: Yeah, so right now they're hitting some volatility, which is

27
00:01:34,719 --> 00:01:38,640
really to be expected. Especially silver. At one hundred and

28
00:01:38,640 --> 00:01:43,640
twenty dollars, it literally went straight up parabolic, so there

29
00:01:43,680 --> 00:01:47,760
had to be a crash. Fortunately, if you're holding physical,

30
00:01:47,840 --> 00:01:53,040
you don't really care. If you're in the paper, then yeah,

31
00:01:53,319 --> 00:01:56,599
you know, I'm in both, but out and out I'm

32
00:01:56,599 --> 00:02:00,719
a physical bull. But you know, gold it's still like

33
00:02:00,920 --> 00:02:04,280
close to fifty five hundred bucks. Where does it all end?

34
00:02:05,120 --> 00:02:08,759
Speaker 1: Well, it's been pretty interesting to see how resilient gold

35
00:02:09,000 --> 00:02:11,719
in particular has been. It's still sitting above as we

36
00:02:11,759 --> 00:02:13,800
record this. I don't want to date it, but as

37
00:02:13,800 --> 00:02:16,719
we record this, gold is still holding that five thousand

38
00:02:16,800 --> 00:02:20,680
dollars level, even though it you know, rallied up to

39
00:02:20,719 --> 00:02:23,919
fifty six hundred, pulled back to. In fact, I have

40
00:02:24,000 --> 00:02:24,800
a chart.

41
00:02:25,159 --> 00:02:28,599
Speaker 3: Maybe we should show this. Let's let's go to the videotape.

42
00:02:29,240 --> 00:02:31,919
Speaker 1: Sounds great, let me pull this up. Yeah, here we go.

43
00:02:32,360 --> 00:02:34,879
This is on our website follow themoney dot com slash

44
00:02:35,000 --> 00:02:36,719
charts where we can come down and look at some

45
00:02:36,759 --> 00:02:38,960
different charts. But let's go to the Gold chart and

46
00:02:39,000 --> 00:02:42,120
you'll see here what we were, what we're seeing, and

47
00:02:42,120 --> 00:02:44,120
hopefully that's big enough. Can you see that carry as

48
00:02:44,159 --> 00:02:47,240
i'd perfect good? Well, you can see here that you

49
00:02:47,280 --> 00:02:49,479
know we had we get all the way up at

50
00:02:49,520 --> 00:02:51,919
one point to about fifty six hundred. I'm sure many

51
00:02:51,919 --> 00:02:55,919
of your listeners and viewers are familiar with that rally

52
00:02:56,000 --> 00:03:01,520
that was just so incredibly breathless. The pullback, interestingly brought

53
00:03:01,599 --> 00:03:04,960
us back to the rising fifty day moving average, and

54
00:03:05,360 --> 00:03:09,520
despite an intra day cross below it, it never closed

55
00:03:09,599 --> 00:03:12,680
below it, and so we actually on a daily basis,

56
00:03:12,719 --> 00:03:15,919
and so it's held. There was one moment when we

57
00:03:15,960 --> 00:03:19,159
came down and found support there again, and so that

58
00:03:19,240 --> 00:03:23,560
fifty day moving average really working out well for gold,

59
00:03:23,719 --> 00:03:27,159
holding on really well, and we're holding that five thousand

60
00:03:27,240 --> 00:03:30,360
dollars now. The thing that has me concerned as far

61
00:03:30,479 --> 00:03:33,639
as the near term, not longer term, I'm like you,

62
00:03:34,439 --> 00:03:37,439
I think that we are just living in this constant

63
00:03:37,479 --> 00:03:40,400
state of debasement, currency debasement. I wrote about it in

64
00:03:40,400 --> 00:03:42,639
my book bankruptcy of our nation, which has been around

65
00:03:42,639 --> 00:03:44,879
for a long time. All of this stuff is in there,

66
00:03:44,919 --> 00:03:48,800
talking about the debasement of fiat currency, the fractional reserve banking,

67
00:03:49,319 --> 00:03:52,120
the national debt, all of this stuff. Well, it's all

68
00:03:52,159 --> 00:03:58,439
weighing upon the dollar. And of course gold and silver,

69
00:03:58,560 --> 00:04:03,080
but particularly gold is a huge beneficiary of poor monetary policies.

70
00:04:03,319 --> 00:04:08,199
And this particular chart here kind of tells the story.

71
00:04:08,680 --> 00:04:13,639
You'll notice from a technical perspective whenever you are watching

72
00:04:13,680 --> 00:04:16,040
a chart, this is a weekly chart, and again maybe

73
00:04:16,079 --> 00:04:18,680
a little difficult to see there, but you'll see that

74
00:04:18,720 --> 00:04:22,600
there are some long upper wicks that develop on these candlesticks,

75
00:04:22,879 --> 00:04:26,040
and no longer that that upper wick is, the more

76
00:04:26,160 --> 00:04:30,720
prohibitive that area can be from a technical standpoint as

77
00:04:30,759 --> 00:04:34,040
far as overcoming it. So, for example, we hit this peak,

78
00:04:34,160 --> 00:04:36,639
let me zoom in just a bit more there. We

79
00:04:36,759 --> 00:04:40,040
hit that peak right there at about thirty five hundred

80
00:04:40,160 --> 00:04:42,639
back in early twenty twenty five, and you'll notice that

81
00:04:42,680 --> 00:04:46,000
we didn't actually get back above it for several months.

82
00:04:46,920 --> 00:04:49,759
Something similar here back in early twenty four we had

83
00:04:49,759 --> 00:04:51,680
this long wick and then it took us a while,

84
00:04:51,720 --> 00:04:54,959
you know, several months to get past it go back

85
00:04:55,000 --> 00:04:57,519
to twenty twenty two. We had a long upper wick

86
00:04:57,560 --> 00:05:01,720
there and it took us, you know, practically a year

87
00:05:01,720 --> 00:05:04,240
and a half maybe even more to get past it.

88
00:05:04,319 --> 00:05:09,560
So this is the longest weekly upper wick that we

89
00:05:09,720 --> 00:05:12,759
have on the chart, on this chart going back for

90
00:05:12,800 --> 00:05:14,920
the last five or six years. And so this one's

91
00:05:14,959 --> 00:05:17,759
really long. This one is just going you know, not

92
00:05:17,839 --> 00:05:20,759
that we can't just overcome it quickly, but typically it

93
00:05:20,879 --> 00:05:25,319
takes some time. So from a technical perspective, you know,

94
00:05:25,439 --> 00:05:29,879
my view is that we do have more time to accumulate,

95
00:05:29,879 --> 00:05:34,240
if that's what your goal is. I now, whether this

96
00:05:34,360 --> 00:05:39,519
is like a twenty eleven rally and they kind of

97
00:05:39,560 --> 00:05:42,319
blow off top and then we don't get back there

98
00:05:42,360 --> 00:05:47,160
for fifteen years, I'm not of that opinion. Because we

99
00:05:47,319 --> 00:05:50,199
are in year Are we still in year one? No,

100
00:05:50,319 --> 00:05:52,560
we're in year two of the Trump presidency, right, this

101
00:05:52,600 --> 00:05:53,160
is the year two.

102
00:05:53,319 --> 00:05:56,360
Speaker 3: H So back in January twentieth, there you go.

103
00:05:56,439 --> 00:05:59,240
Speaker 1: So we just entered year two and so we have,

104
00:05:59,800 --> 00:06:04,079
you know, a few more years going into the second

105
00:06:04,120 --> 00:06:08,720
Trump term. My thesis was he's like the best president

106
00:06:08,759 --> 00:06:10,839
for gold. I mean, can you find a better president

107
00:06:10,879 --> 00:06:13,839
for gold? I don't think you can find one. No

108
00:06:14,279 --> 00:06:16,959
one really drives up gold like and go back to

109
00:06:17,000 --> 00:06:19,079
the first term when Trump was in office, it was

110
00:06:19,120 --> 00:06:23,120
great for gold. So the point being is that this

111
00:06:24,160 --> 00:06:26,160
because Trump is going to be in office for three

112
00:06:26,240 --> 00:06:30,240
more years and I can't imagine the chaos levels going

113
00:06:30,240 --> 00:06:32,160
down at all. I can't even imagine what that would

114
00:06:32,199 --> 00:06:35,480
look like. This is only a there's a premium built

115
00:06:35,519 --> 00:06:36,480
in for Trump.

116
00:06:36,560 --> 00:06:36,759
Speaker 3: Now.

117
00:06:37,879 --> 00:06:40,160
Speaker 1: Part of the reason we saw it pull back so much,

118
00:06:40,240 --> 00:06:43,839
Carrie was it came on the announcement. And there's arguments

119
00:06:43,879 --> 00:06:47,279
about this. It's arguable whether this is the actual reason

120
00:06:47,279 --> 00:06:50,040
it came down, But there was a huge announcement when

121
00:06:50,040 --> 00:06:53,199
it came down, and that was that Trump had selected

122
00:06:53,399 --> 00:06:56,920
Kevin Warsh as the nominee for the Federal Reserved replace

123
00:06:57,319 --> 00:07:02,839
chair Jerome Powell. Well, the idea around Worsh was that

124
00:07:02,879 --> 00:07:05,639
he was an inflation awk. This is how he's been viewed,

125
00:07:05,639 --> 00:07:07,879
this is how he's kind of positioned himself over the years.

126
00:07:08,480 --> 00:07:10,439
Also that you know that he was eager to raise

127
00:07:10,480 --> 00:07:16,720
interest rates, you know, and so yeah, and so overall,

128
00:07:16,839 --> 00:07:20,439
the idea of gold having this, you know, the FED

129
00:07:20,519 --> 00:07:25,720
independence being challenged, Worsh seemed like a safe pick. It

130
00:07:25,759 --> 00:07:28,240
seemed like he was very Out of all the guys

131
00:07:28,240 --> 00:07:31,839
that you could have picked, this guy seemed to have

132
00:07:32,519 --> 00:07:39,120
perhaps the most spine. However, if you just scratch the

133
00:07:39,160 --> 00:07:41,800
surface a little deeper, you'll find that mister Walsh has

134
00:07:41,839 --> 00:07:44,600
really flipped the script over the last year. So as

135
00:07:44,600 --> 00:07:47,879
he's gotten closer to Trump's orbit, even more close to

136
00:07:47,959 --> 00:07:52,839
Trump's orbit, he's definitely toned down the hawkish language. And

137
00:07:52,959 --> 00:07:55,879
I suspect that we'll get at least, you know, three

138
00:07:56,000 --> 00:07:59,680
rate cuts out of mister worsh well, three rate cuts

139
00:07:59,680 --> 00:08:01,399
this year, let me put it that way. Whether he'll

140
00:08:01,399 --> 00:08:03,519
be delivering all of them or whether Powell will do

141
00:08:03,600 --> 00:08:06,120
one and he does two, who knows. But I suspect

142
00:08:06,160 --> 00:08:08,480
about three rate cuts, And so I think it was

143
00:08:08,560 --> 00:08:12,319
overdone on gold. I think there was a premium driving

144
00:08:12,399 --> 00:08:15,439
up gold due to the fear of the loss of

145
00:08:15,480 --> 00:08:18,959
the independence of the Fed. Warsh seemed to put a

146
00:08:19,000 --> 00:08:23,120
band aid on that fear, and so therefore that premium

147
00:08:23,199 --> 00:08:26,279
was knocked out of the price of gold. But there's

148
00:08:26,319 --> 00:08:30,399
always something else to worry about, as the markets so

149
00:08:30,560 --> 00:08:33,240
well know, and so I suspect that we'll find another

150
00:08:33,320 --> 00:08:36,519
premium to price into gold, and so that's why I

151
00:08:36,559 --> 00:08:39,759
don't think gold is going down the way that some

152
00:08:39,919 --> 00:08:41,840
might think it does. It's still if you look at

153
00:08:41,840 --> 00:08:44,600
this monthly chart, it's still just going up into the right.

154
00:08:44,919 --> 00:08:47,000
So yeah, that's a long upper wick on the monthly

155
00:08:47,080 --> 00:08:49,559
chart there, But I don't think it's the end. I'll

156
00:08:49,600 --> 00:08:51,639
just put it that way, all right. I see your

157
00:08:51,639 --> 00:08:57,039
point and agreed. So what else we got here? We

158
00:08:57,159 --> 00:08:59,600
can look Also, you had mentioned silver. Let me come

159
00:08:59,600 --> 00:09:02,039
down to the silver charts, their cordon sort of down

160
00:09:02,080 --> 00:09:04,240
here a little bit silver obviously got more to the

161
00:09:04,240 --> 00:09:06,360
wind knocked out of it. One of the key moving

162
00:09:06,399 --> 00:09:09,120
averages that I've watched on silver for years, in addition

163
00:09:09,200 --> 00:09:12,200
to the two hundred and the fifty, is the thirty SMA.

164
00:09:13,159 --> 00:09:15,399
This just tends to be an area where silver is

165
00:09:15,519 --> 00:09:19,240
very sensitive. It'll tend to pivot, be a key pivot point.

166
00:09:19,480 --> 00:09:21,559
You'll see how it kind of held up at that

167
00:09:21,639 --> 00:09:24,919
thirty SMA right there back in October November. It got

168
00:09:24,960 --> 00:09:28,440
tangled up at back, you know, last summer. But we

169
00:09:28,559 --> 00:09:34,080
really slice below it in a meaningful way in late December,

170
00:09:34,519 --> 00:09:37,240
our late January, I'm sorry, and you can see that

171
00:09:37,279 --> 00:09:39,639
the damage up there. I mean we went from one

172
00:09:39,799 --> 00:09:43,639
twenty down to sixty four. I want to say, that's

173
00:09:43,679 --> 00:09:47,000
like an intro. Yeah, it was nuts, I mean, just

174
00:09:47,120 --> 00:09:53,639
incredible decline so quickly. But you know, again, Carrie, you

175
00:09:53,720 --> 00:09:56,279
probably can speak to this as well. You could see

176
00:09:56,279 --> 00:09:58,879
it coming. I mean, it was clear. I mean I

177
00:09:58,919 --> 00:10:02,279
often tell my students think about how you feel whenever

178
00:10:02,320 --> 00:10:04,240
you're in one of these moments. I can think back

179
00:10:04,320 --> 00:10:06,919
many times of different assets that I would be holding

180
00:10:07,679 --> 00:10:09,320
and I would see them going up, and then they

181
00:10:09,360 --> 00:10:11,879
would start getting irrational as they were going up, and

182
00:10:11,919 --> 00:10:15,759
you begin to feel begin to feel something. And I

183
00:10:15,799 --> 00:10:18,639
often tell my students you really pay attention to those

184
00:10:18,759 --> 00:10:22,000
things that you begin to feel, because once you start

185
00:10:22,039 --> 00:10:24,000
to feel that, once you start to see it. I'm

186
00:10:24,039 --> 00:10:26,039
talking about people who have experienced that's just people who

187
00:10:26,159 --> 00:10:28,360
you know, they don't know anything about it, but you

188
00:10:28,399 --> 00:10:30,399
have some experience, and you've been doing this for a while.

189
00:10:31,039 --> 00:10:33,519
When it you know, when you start to feel it

190
00:10:33,759 --> 00:10:37,480
and it's really starting to get pretty wild, that's usually

191
00:10:37,559 --> 00:10:40,919
a big sun. Every time I've felt that, going back

192
00:10:40,960 --> 00:10:44,039
through the years, it's usually been one or two weeks.

193
00:10:44,039 --> 00:10:47,480
Oh it's you know, right before the end, you know, uh,

194
00:10:47,559 --> 00:10:51,240
and it's usually right around the time when big major

195
00:10:51,279 --> 00:10:53,440
outlets like the Wall Street Journal are like it's time

196
00:10:53,480 --> 00:10:55,480
to buy silver, you know, or or it'll be a

197
00:10:56,279 --> 00:10:58,000
or you know, or they'll be you know, seeing it.

198
00:10:58,080 --> 00:10:59,519
It'll be like, it's time to buy gold. How do

199
00:10:59,559 --> 00:11:01,440
we buy gold? You know, it's like already up at

200
00:11:01,440 --> 00:11:03,960
the you know. So usually you get all you know,

201
00:11:04,000 --> 00:11:04,440
the the.

202
00:11:05,600 --> 00:11:09,879
Speaker 4: The the cab driver's given you advice and you know,

203
00:11:09,879 --> 00:11:12,679
we've been here and so so you definitely felt that

204
00:11:12,759 --> 00:11:15,639
with silver on the way up, and it got pretty

205
00:11:15,919 --> 00:11:20,039
crazy there in January, so we knew we were due for.

206
00:11:20,000 --> 00:11:24,279
Speaker 1: A pullback this one. I'm not as confident that it's

207
00:11:24,320 --> 00:11:26,320
going to get back to a new old time high

208
00:11:26,399 --> 00:11:31,399
as quickly as gold, but I do think there's still

209
00:11:31,399 --> 00:11:34,840
plenty of upside for silver as well. The industrial demand,

210
00:11:35,360 --> 00:11:36,679
you know, case in point.

211
00:11:37,080 --> 00:11:40,000
Speaker 3: Yeah, so silver is a lot different than it was

212
00:11:40,080 --> 00:11:43,960
in twenty eleven and in the nineteen eighty with the

213
00:11:44,039 --> 00:11:49,080
Hunt Brothers, right, it's way way different. We've got basically

214
00:11:50,000 --> 00:11:57,320
structural shortage, increasing demand on the industrial side, and to

215
00:11:57,360 --> 00:12:03,440
some extent, increasing demand on the on the investment side.

216
00:12:03,840 --> 00:12:08,399
So you know that it became parabolic. So anytime you

217
00:12:08,440 --> 00:12:11,159
see a parabolic move, it doesn't matter what it's in,

218
00:12:11,799 --> 00:12:15,759
it's going to get slammed, whether it's bitcoin, whatever, And

219
00:12:15,919 --> 00:12:20,080
we're just seeing it now. But the fundamental demand side

220
00:12:20,120 --> 00:12:21,559
of silver not.

221
00:12:21,679 --> 00:12:24,720
Speaker 1: Changing, Yeah, I mean not really. I mean you've got

222
00:12:25,480 --> 00:12:29,679
really sustainable investment industrial demand going out for as far

223
00:12:29,720 --> 00:12:33,279
as we can see, barring just some sort of black

224
00:12:33,320 --> 00:12:36,559
swan event that takes down global demand, which could happen.

225
00:12:36,679 --> 00:12:38,600
You know, we need to be prepared for that. That's why,

226
00:12:39,159 --> 00:12:41,679
that's why we want to be diversified. You don't put

227
00:12:41,759 --> 00:12:43,639
all your money into gold. You don't put all your

228
00:12:43,679 --> 00:12:45,919
money into so, you don't put all the money into bitcoin.

229
00:12:46,360 --> 00:12:47,840
You spread it out. You got to spread out the

230
00:12:47,840 --> 00:12:49,320
weal if you never know what kind of evil will

231
00:12:49,320 --> 00:12:52,639
come upon the land. As the old quote says. You know,

232
00:12:52,679 --> 00:12:55,720
if you look at silver s and P ratio for example,

233
00:12:56,679 --> 00:12:58,399
you know we're not anywhere near where we were back

234
00:12:58,440 --> 00:13:01,559
in say twenty eleven. We're still way below it. But

235
00:13:02,559 --> 00:13:04,600
you know, for a while there, I think people were

236
00:13:04,600 --> 00:13:07,639
starting to give up on silver, right, I mean, silver

237
00:13:07,799 --> 00:13:12,200
had just gone so long where you know there were

238
00:13:12,240 --> 00:13:14,000
I mean you was looking saying, is this thing going

239
00:13:14,039 --> 00:13:16,519
to do anything, and sure enough it came back and

240
00:13:16,600 --> 00:13:20,639
played its role in an incredible way. I think that's

241
00:13:20,679 --> 00:13:22,879
the other thing important thing to keep in mind about

242
00:13:22,879 --> 00:13:25,600
the metals too, is that you know, even though you

243
00:13:25,679 --> 00:13:30,159
have that core position that I hold physical gold, physical silver,

244
00:13:30,240 --> 00:13:34,480
I call it portfolio insurance. I usually keep you know,

245
00:13:34,600 --> 00:13:38,320
ten percent ten to maybe fifteen percent at most in

246
00:13:38,679 --> 00:13:43,039
you know, hard assets like that, barring you know, and

247
00:13:43,080 --> 00:13:45,879
I consider real estate to be a hard asset as well,

248
00:13:45,879 --> 00:13:47,799
but I consider that another bucket. So you know, I

249
00:13:47,840 --> 00:13:49,759
have some money in real estate. I got some money

250
00:13:49,759 --> 00:13:51,960
in stocks, I got some money in hard assets. I

251
00:13:52,000 --> 00:13:54,519
got some money in crypto. I got some money him

252
00:13:54,559 --> 00:13:57,279
own businesses and invest in other people's business. So you

253
00:13:57,360 --> 00:13:59,000
just got to spread it out. And I think that

254
00:13:59,240 --> 00:14:01,559
the danger is for those who just go all in.

255
00:14:02,159 --> 00:14:04,240
You know, they watch a video online or they read

256
00:14:04,240 --> 00:14:06,000
an article and they say, oh, I just this is

257
00:14:06,039 --> 00:14:09,360
a can't lose investment, and then they just put all

258
00:14:09,360 --> 00:14:11,399
of it in, all the chips in, and then when

259
00:14:11,399 --> 00:14:13,919
that blows up, they think, well, investing doesn't work. I

260
00:14:13,919 --> 00:14:17,200
guess I'm not going to invest anymore. Well that's not

261
00:14:17,200 --> 00:14:18,879
how it works. You know. We need to be spread out,

262
00:14:18,960 --> 00:14:21,399
So for everybody listening, you know, I think that's one

263
00:14:21,440 --> 00:14:23,559
of the best things you can do. It's some of

264
00:14:23,600 --> 00:14:25,879
the oldest advice out there, but you know, it really

265
00:14:25,960 --> 00:14:28,919
is true. You really want to be spread out. Even

266
00:14:30,120 --> 00:14:33,879
even if you think that the United States government, you know,

267
00:14:34,000 --> 00:14:36,679
is bankrupt like I do. Even if you think that

268
00:14:36,720 --> 00:14:39,519
there's no way out for the United States government, there's

269
00:14:39,559 --> 00:14:42,679
still always these unknowns that you just can't account for,

270
00:14:43,120 --> 00:14:47,879
you know, like AI, like AI perfect example, right, and

271
00:14:47,879 --> 00:14:51,000
that was really you know, AI was a huge part

272
00:14:51,679 --> 00:14:55,480
of the silver rally because of all the expectations the

273
00:14:55,519 --> 00:14:58,600
silver going into data centers already had this huge demand

274
00:14:58,639 --> 00:15:01,159
from solar, which is growing, by the way, in every

275
00:15:01,240 --> 00:15:04,159
other country except the United States. Actually, the United States

276
00:15:04,279 --> 00:15:06,279
is actually doing pretty well. I've been surprised to see

277
00:15:06,279 --> 00:15:09,519
many renewable energy stocks actually thriving over the last couple

278
00:15:09,559 --> 00:15:13,519
of years, which is kind of interesting. But yeah, you know,

279
00:15:14,159 --> 00:15:16,559
definitely we're still seeing the build out of renewable energy

280
00:15:16,559 --> 00:15:20,240
all over the world, and that's huge for silver. If

281
00:15:20,240 --> 00:15:22,639
we turn to say the S and P or you know,

282
00:15:22,720 --> 00:15:25,440
just looking at the broader US stock market, you know,

283
00:15:25,600 --> 00:15:29,039
starting to starting to get a little top heavy here,

284
00:15:29,600 --> 00:15:34,320
even though the rally is not too terribly old. I mean,

285
00:15:34,320 --> 00:15:36,240
if we go back and we see the rally, it

286
00:15:36,279 --> 00:15:38,960
really kind of kicks off in the wake of the

287
00:15:39,000 --> 00:15:42,399
twenty and twenty two crash. She had that terrible time

288
00:15:42,440 --> 00:15:45,120
in twenty twenty two where everything was going down, it

289
00:15:45,159 --> 00:15:47,679
seemed like, and then as we enter twenty twenty three

290
00:15:48,200 --> 00:15:51,639
and the rate hikes stopped, you know, things like the

291
00:15:51,720 --> 00:15:54,039
S and P five hundred, you know, started to go

292
00:15:54,159 --> 00:15:57,039
back up, and they've been really trending higher since the

293
00:15:57,120 --> 00:16:01,039
end of twenty twenty two, albeit with some pullbacks like

294
00:16:01,080 --> 00:16:03,679
the big you know, tariff tantrum that we had back

295
00:16:03,720 --> 00:16:07,039
at the beginning of twenty twenty five. But you can

296
00:16:07,080 --> 00:16:09,679
see since that time, we hit like forty eight hundred

297
00:16:09,759 --> 00:16:12,639
on the S and P back in April, and it's

298
00:16:12,679 --> 00:16:14,519
not even a year later and we've already gone up

299
00:16:14,519 --> 00:16:16,799
to like seven hundred. So I mean, it's been really

300
00:16:16,879 --> 00:16:19,919
an incredible rally, and you can see we broke out

301
00:16:19,960 --> 00:16:22,399
above that two hundred day moving average, you know what

302
00:16:22,519 --> 00:16:25,200
was that That was like maybe nine months ago or so,

303
00:16:25,320 --> 00:16:27,879
not even nine months, So you know, it's not like

304
00:16:27,919 --> 00:16:31,080
it's that terribly of an old of an uptrend here

305
00:16:31,600 --> 00:16:34,000
kind of got reset there, So we're not I don't

306
00:16:34,080 --> 00:16:36,000
view the S and P five hundred or the the

307
00:16:36,080 --> 00:16:39,559
overall stock market as do for a you know, getting

308
00:16:39,600 --> 00:16:44,679
cut in half again. I think we're I see earnings

309
00:16:44,720 --> 00:16:48,960
power really big. Over the last couple of years, the

310
00:16:49,039 --> 00:16:52,559
S and P earnings have been just incredible and that's

311
00:16:52,600 --> 00:16:56,559
what drives stock prices. We've also had some volatility in

312
00:16:56,559 --> 00:16:59,639
the tech space. We've seen software stocks get hit kind

313
00:16:59,639 --> 00:17:03,000
of take some valuations down. So overall, as we look

314
00:17:03,080 --> 00:17:07,160
to the end of the year, I'm bullish on the

315
00:17:07,200 --> 00:17:10,200
broader market indices, the NAS back one hundred, the S

316
00:17:10,240 --> 00:17:12,440
and P five hundred, and the weakness that we see.

317
00:17:12,480 --> 00:17:13,759
I mean, take a look here at the S and P.

318
00:17:14,200 --> 00:17:16,200
I mean, it's still trading above that gold line that's

319
00:17:16,200 --> 00:17:19,759
the right rising two hundred day moving average, you know,

320
00:17:19,799 --> 00:17:22,920
and zaia break down. Yeah, until you break down below that,

321
00:17:23,119 --> 00:17:26,480
I mean, you're you know, you're you're doing pretty pretty fine.

322
00:17:26,799 --> 00:17:28,799
If you break down below that, well then you know

323
00:17:28,880 --> 00:17:32,279
you might have some some pain a head. But over

324
00:17:32,319 --> 00:17:35,559
all again, yeah, you're right. And and for us, I

325
00:17:35,559 --> 00:17:37,960
mean the way we approach this is we just DCA

326
00:17:38,160 --> 00:17:40,559
so we'll dollar cost average into our favorite stocks, our

327
00:17:40,559 --> 00:17:44,079
favorite ETFs, our favorite digital assets, our favorite hard assets,

328
00:17:44,720 --> 00:17:47,559
and just just take it all in stride, be patient,

329
00:17:48,240 --> 00:17:52,319
let patients have its work, and so S and P

330
00:17:52,440 --> 00:17:54,279
five hundred right now, for example, if you look and

331
00:17:54,480 --> 00:17:56,960
you look at the internals, you'll see that about sixty

332
00:17:56,960 --> 00:17:58,839
seven percent of those stocks in the S and P

333
00:17:58,960 --> 00:18:01,440
five hundred are above the two hundred day moving average.

334
00:18:01,799 --> 00:18:05,799
That's bullish. So you'll market's still looking pretty darn good

335
00:18:05,839 --> 00:18:09,319
right now. And I don't suspect this administration is going

336
00:18:09,400 --> 00:18:12,519
to do anything but print. Uh, it's way out of problems.

337
00:18:12,519 --> 00:18:15,119
So I don't think they're gonna I don't think they're

338
00:18:15,119 --> 00:18:17,960
gonna pay they're not paying off the national debt. They're

339
00:18:17,960 --> 00:18:20,160
not going to impose austerity. They're not going you know,

340
00:18:20,200 --> 00:18:23,400
they're at least upon the markets. They're going to you know,

341
00:18:23,559 --> 00:18:27,119
or upon investors. They're really just goosing the markets as

342
00:18:27,200 --> 00:18:31,240
much as they can. And and I think we just

343
00:18:31,319 --> 00:18:35,200
hit Dow fifty thousand the other day. Yeah, I saw Trump,

344
00:18:35,440 --> 00:18:37,519
you know, made a real big deal about that. President

345
00:18:37,519 --> 00:18:40,559
Trump said, hey, look doubt Dow fifty. I think that's

346
00:18:40,680 --> 00:18:43,480
that's code you need to realize that you know that

347
00:18:43,519 --> 00:18:45,319
that's something that's very important to him. It's part of

348
00:18:45,359 --> 00:18:48,039
his legacy. He ties himself to that stock market more

349
00:18:48,079 --> 00:18:50,880
than most presidents, and so therefore he's gonna he's going

350
00:18:50,960 --> 00:18:54,920
to consider it a personal insult if your stock portfolio

351
00:18:55,000 --> 00:18:57,799
starts to go down, He's going to worry about his legacy.

352
00:18:57,920 --> 00:19:00,440
So so therefore, in so in some way you have

353
00:19:00,519 --> 00:19:04,519
a little bit of extra insulation for your stock portfolio

354
00:19:04,599 --> 00:19:07,400
from mister Trump because he does tie it so closely

355
00:19:07,440 --> 00:19:08,319
to his legacy.

356
00:19:08,599 --> 00:19:13,319
Speaker 3: Hey, well, not volatility. We're looking at higher volatility though

357
00:19:13,359 --> 00:19:14,079
in the markets.

358
00:19:14,440 --> 00:19:17,319
Speaker 1: Well sure, I mean it has been threatening to pop

359
00:19:17,440 --> 00:19:19,160
up a little bit. I have a chart here we

360
00:19:19,200 --> 00:19:23,200
can just look at real quickly volatility. Let me pull

361
00:19:23,240 --> 00:19:26,519
this one up here. So volatility sitting in about twenty

362
00:19:27,599 --> 00:19:30,720
twenty one or so, you can see that that really

363
00:19:30,759 --> 00:19:33,640
big spike in volatility that came back in the tariffs.

364
00:19:33,880 --> 00:19:35,519
You know, are we going to have some of these?

365
00:19:35,599 --> 00:19:36,279
Speaker 3: Absolutely?

366
00:19:37,240 --> 00:19:41,200
Speaker 1: To me though, again, these volatility spikes, anytime you get

367
00:19:41,240 --> 00:19:45,480
above say twenty five on volatility, to me, it's a

368
00:19:45,519 --> 00:19:48,119
great time for me. I'm not talking to everybody, but

369
00:19:48,160 --> 00:19:50,160
for me, it's a great time. For me to double

370
00:19:50,279 --> 00:19:52,440
up my dollar cost averaging or I go a little

371
00:19:52,440 --> 00:19:57,000
more because because those moments don't last forever. And so

372
00:19:58,079 --> 00:20:01,240
the more scary it feels to me, the more, you know.

373
00:20:01,440 --> 00:20:06,759
Speaker 3: The more I was in the streets, right, absolutely, absolutely, yeah.

374
00:20:06,799 --> 00:20:08,599
Speaker 1: And you have to learn it. You have to learn

375
00:20:08,599 --> 00:20:10,279
it the hard way. I mean, you know, when I

376
00:20:10,279 --> 00:20:14,480
started investing, Carrie, I was you. I was very afraid

377
00:20:15,240 --> 00:20:17,599
so many years ago, probably two decades ago. Whenever I

378
00:20:17,720 --> 00:20:22,240
really started getting heavily invested and trying to become more

379
00:20:22,279 --> 00:20:24,160
of an investor, and I would get shaken out of

380
00:20:24,200 --> 00:20:26,720
stuff so easy. I would, you know, I'd see a

381
00:20:26,759 --> 00:20:29,519
headline and I'd scurry and sell and you know. And

382
00:20:29,559 --> 00:20:32,400
so I've learned over time just to be more callous

383
00:20:32,480 --> 00:20:36,799
and to be more to be less reactive, yea, and

384
00:20:36,880 --> 00:20:40,240
to really take age. It comes with age. I mean,

385
00:20:40,759 --> 00:20:42,559
you've got to take a few blows, You've got to

386
00:20:42,640 --> 00:20:45,720
kind of see. And so now when that volatility gets high,

387
00:20:46,079 --> 00:20:48,720
whereas in the past, I would be nervous and scared,

388
00:20:48,960 --> 00:20:51,680
you know, today I'm like, hey, you know, there's my opportunity.

389
00:20:51,680 --> 00:20:53,799
I've been waiting for this. This doesn't happen all the time.

390
00:20:54,279 --> 00:20:59,480
Speaker 3: Great point. All right, interesting insights here into the markets.

391
00:21:00,400 --> 00:21:08,400
We appreciate the tour Jerry, absolutely, yeah, So effectively metals

392
00:21:09,839 --> 00:21:13,880
could be getting some resistance. But gold looks like the

393
00:21:14,640 --> 00:21:19,799
political economic situation is bullish. Silver took such a hit

394
00:21:19,880 --> 00:21:22,599
that it's going to take time to get back, you know,

395
00:21:22,640 --> 00:21:27,799
it hit like a false breakout one twenty and then

396
00:21:27,880 --> 00:21:33,920
a false crash. It's sixty four. So somewhere in between

397
00:21:34,000 --> 00:21:37,680
those two numbers where we are kind of now, maybe

398
00:21:37,720 --> 00:21:43,480
between seventy five to ninety five, probably where it's going

399
00:21:43,519 --> 00:21:46,960
to be hanging around, there's seventy because to spread on it,

400
00:21:47,039 --> 00:21:49,000
the volatility has been so huge.

401
00:21:50,319 --> 00:21:52,480
Speaker 1: Well, and you can complain about that, huh. I mean

402
00:21:52,519 --> 00:21:55,240
you and I talking about seventy five or ninety five

403
00:21:55,279 --> 00:21:58,240
dollars silver. I mean too, you know five years ago

404
00:21:58,279 --> 00:22:00,240
we be tickled, you know, to hear about it. So

405
00:22:00,359 --> 00:22:02,279
it's it's got a bad range to be in.

406
00:22:02,400 --> 00:22:07,519
Speaker 3: You know, hey, I started buying in the crash of

407
00:22:08,359 --> 00:22:11,839
eight oh nine, and it went down, you know, most

408
00:22:11,880 --> 00:22:14,279
of my physical cell bust or I forget what it

409
00:22:14,319 --> 00:22:17,359
got eight eight to ten to ten bout you. I

410
00:22:17,400 --> 00:22:18,240
remember buying that.

411
00:22:19,640 --> 00:22:21,720
Speaker 1: I remember buying my very first silver piece. It was

412
00:22:21,759 --> 00:22:25,000
at a pawn shop, uh, which I don't recommend you

413
00:22:25,039 --> 00:22:28,799
buy him a pawn shops. But it was my very

414
00:22:28,799 --> 00:22:31,240
first silver piece, and it was like two thousand and

415
00:22:31,920 --> 00:22:34,480
three or four, and it was five dollars, you know,

416
00:22:34,519 --> 00:22:37,720
it was just a five dollars silver round and that

417
00:22:37,880 --> 00:22:39,720
was what the mark that was with the markup, you know,

418
00:22:39,759 --> 00:22:43,519
and I thought, good night, how much how time is flown,

419
00:22:43,680 --> 00:22:45,279
and how things have changed. You know. It got to

420
00:22:45,319 --> 00:22:47,039
one hundred and twenty and I saw it five.

421
00:22:47,880 --> 00:22:51,240
Speaker 3: It's crazy and it always does the same thing, but

422
00:22:51,599 --> 00:22:54,799
this time again there's just not a lot of silver

423
00:22:54,920 --> 00:22:58,559
above the ground. Actually, I'm putting together a special silver

424
00:22:58,680 --> 00:23:06,000
report called, you know, living the Living, the silver backed Lifestyle.

425
00:23:06,880 --> 00:23:12,519
And you know, the fact is back in seventy, I goad, Well,

426
00:23:12,640 --> 00:23:15,720
let's go back to when silver was still money. In

427
00:23:15,799 --> 00:23:19,359
sixty four, you could buy a gallon of gas for

428
00:23:19,480 --> 00:23:25,759
two silver dimes and or maybe twenty five cents. It

429
00:23:25,799 --> 00:23:29,400
did go down lower actually in the early seventies. I

430
00:23:29,440 --> 00:23:33,559
remember with my father buying gas at Pathmark in New

431
00:23:33,640 --> 00:23:38,400
Jersey at nineteen nine and twenty two nine for premium.

432
00:23:38,920 --> 00:23:43,640
But now two dimes buys you. I don't have the

433
00:23:43,759 --> 00:23:46,960
numbers in front of me, but basically buys you like

434
00:23:47,079 --> 00:23:51,359
three or four gallons. So the real purchasing power of silver,

435
00:23:51,880 --> 00:23:55,039
even though it's been suppressed and everything else and volatile,

436
00:23:55,559 --> 00:23:58,519
has done nothing but go higher. If you look at

437
00:23:58,559 --> 00:24:01,240
how many ounces of silver it would take to buy

438
00:24:01,279 --> 00:24:05,559
a house in nineteen sixty, it was like eleven or

439
00:24:05,599 --> 00:24:10,519
twelve thousand. Now the average house half a million, just

440
00:24:10,640 --> 00:24:16,440
call it seventy. It's basically seven thousand ounces or seven

441
00:24:16,519 --> 00:24:21,839
hundred ounces rather seven hundred seven thousand. So cost in

442
00:24:21,960 --> 00:24:25,240
silver has actually gone down, which means a real purchasing

443
00:24:25,319 --> 00:24:28,599
power has gone up, and the goal to silver ratio

444
00:24:29,119 --> 00:24:32,200
everything else is kind of wonky. All of that's going

445
00:24:32,200 --> 00:24:35,279
to be my report, So just shoot me an email.

446
00:24:35,680 --> 00:24:38,559
It'll be on my substack for paid subscribers to get

447
00:24:38,519 --> 00:24:44,359
an early early view of it, and a lot of

448
00:24:44,359 --> 00:24:46,400
insights in there, you.

449
00:24:46,400 --> 00:24:50,759
Speaker 1: Know, Carrie, right along those lines. If we have one

450
00:24:50,799 --> 00:24:53,839
more minute, let me just show one more chart that

451
00:24:53,920 --> 00:24:59,440
relates to that. Not only have we lost that purchasing

452
00:24:59,480 --> 00:25:03,680
power in so many ways is immoral. The fact that

453
00:25:03,720 --> 00:25:07,960
we have lost so much and for no purpose other

454
00:25:08,039 --> 00:25:10,160
than the fact that the government just didn't want to,

455
00:25:12,119 --> 00:25:17,240
you know, keep itself within the constraints of normal spending.

456
00:25:17,319 --> 00:25:21,400
It wanted to you know, monetize debt, and it wanted

457
00:25:21,480 --> 00:25:23,519
just to go on and on. So we've entered up

458
00:25:23,559 --> 00:25:27,640
with this destruction and of our of our monetary value,

459
00:25:28,599 --> 00:25:33,680
which hurts everybody, you know, kids, women, men, workers, you know,

460
00:25:33,799 --> 00:25:36,759
as students. Everybody gets hit. But take a look at

461
00:25:36,759 --> 00:25:39,759
this chart from the Economic Policy Institute, which I find

462
00:25:39,839 --> 00:25:43,200
so interesting. And we've seen this reiterated so many times

463
00:25:43,240 --> 00:25:45,480
over the last couple of years. It was the latest.

464
00:25:45,480 --> 00:25:47,200
There was a Wall Street Journal report that came out

465
00:25:47,200 --> 00:25:49,599
that's newer than this, that shows even more stark numbers.

466
00:25:50,519 --> 00:25:54,599
But this just shows what happened to the growth and

467
00:25:54,680 --> 00:26:01,960
productivity I you know, output versus compensation. And you'll notice

468
00:26:02,000 --> 00:26:05,640
that that productivity in the country and compensation we're growing

469
00:26:05,880 --> 00:26:09,759
at basically the same rate, you know, all the way

470
00:26:09,799 --> 00:26:13,000
up until the nineteen early nineteen seventies. And it was

471
00:26:13,039 --> 00:26:17,400
at that time whenever the dollar got split from gold

472
00:26:17,559 --> 00:26:21,720
and from seven one got untethered, you know, yeah, August fifteenth,

473
00:26:21,799 --> 00:26:25,119
he interrupted that Bonanza show, Nixon did and told us

474
00:26:25,119 --> 00:26:27,960
about it. But then we see here that they begin

475
00:26:28,039 --> 00:26:30,839
to separate, and so you begin to see the compensation

476
00:26:32,279 --> 00:26:35,119
is not growing anymore, so your hourly rate, your wages

477
00:26:35,640 --> 00:26:38,240
are not growing, but the productivity is going up. So,

478
00:26:38,400 --> 00:26:41,519
in other words, the closer that you are, the closer

479
00:26:41,559 --> 00:26:45,960
that you are to that printing press, the more money

480
00:26:46,079 --> 00:26:48,720
you're making. And the further you weigh or you are

481
00:26:48,799 --> 00:26:52,799
from that printing press, the less you're benefiting. So investors

482
00:26:52,880 --> 00:26:56,160
are the only way for the little guy to get

483
00:26:56,160 --> 00:27:01,640
ahead in this kind of funkymy where we it's quite

484
00:27:01,640 --> 00:27:06,119
frankly immoral, is that you have to own assets. And

485
00:27:06,200 --> 00:27:08,640
you simply have to own assets because they will go

486
00:27:08,799 --> 00:27:11,599
up with the money printer, whereas your wages won't. And

487
00:27:11,640 --> 00:27:14,240
people know that. But this is a graphic, you know,

488
00:27:14,480 --> 00:27:16,839
this is a graphic proof that shows that it was

489
00:27:16,960 --> 00:27:19,559
right at that same time, that nineteen seventy one time

490
00:27:19,599 --> 00:27:22,880
period where we saw a lot of things break down,

491
00:27:22,960 --> 00:27:25,319
not just our monetary value, you know.

492
00:27:26,039 --> 00:27:29,519
Speaker 3: Yeah, and you know what average Shad just six pex

493
00:27:29,839 --> 00:27:33,799
knows it from the value of his house going up. Yes,

494
00:27:34,160 --> 00:27:38,240
absolutely so true, so true. Well where do we find

495
00:27:38,279 --> 00:27:41,279
you these days, Jerry? Where is the best place? Carrie?

496
00:27:41,319 --> 00:27:44,599
Speaker 1: Thank you for having me on followthemoney, dot com, whether

497
00:27:44,720 --> 00:27:48,680
people are looking to become better investors, learning how to trade.

498
00:27:48,720 --> 00:27:53,039
We have trading software, We do ongoing webcasts for our members,

499
00:27:53,079 --> 00:27:55,400
we have a trading software. We've got all kinds of

500
00:27:55,400 --> 00:27:59,400
stuff here and lots of free stuff podcasts and articles

501
00:27:59,400 --> 00:28:02,240
and things like that at follow the Money dot com.

502
00:28:02,640 --> 00:28:05,440
Speaker 3: All right, we appreciate that and appreciate you coming on

503
00:28:05,599 --> 00:28:09,960
as always. Jerry, questions comments, shoot me an email kl

504
00:28:10,240 --> 00:28:15,640
at carrieluts dot com we answer all questions and my

505
00:28:15,799 --> 00:28:19,920
site Financial Survival Network dot com. But I totally switched

506
00:28:19,920 --> 00:28:25,599
to substack because it's just so much easier managing the

507
00:28:25,640 --> 00:28:31,839
whole thing myself, much less outside help needed, and just

508
00:28:32,279 --> 00:28:36,960
a very powerful platform. So join fifty five thousand others

509
00:28:36,960 --> 00:28:40,079
that are on our substack, and Jerry, we'll talk to

510
00:28:40,160 --> 00:28:40,960
you again real soon.

511
00:28:41,160 --> 00:28:44,559
Speaker 2: Thank you, Kerry, thanks for listening to Carrie Lutz's Financial

512
00:28:44,640 --> 00:28:49,680
Survival Network, your solution to today's trying times. For the latest,

513
00:28:49,759 --> 00:28:55,480
go to Financial Survivalnetwork dot com. Financial Survival Network now

514
00:28:55,559 --> 00:28:56,440
more than ever