The rallies are ridiculous, but the rallies are really weak.
Bear Market rallies.
Look the best.
I met you.
First of all, selling pressure in the markets, right?
I mean, you know, markets, if you ignore what you're watching, you
know, we have a tendency to fall in love with the product will be
ignore, we're watching just watch price action.
The price action has been awful.
Now, if you want to look for a reason why goals been going down, I
mean, you know, there's been a lot of selling and equities until
recently.
No, obviously Equity of turned around but that that creates margin
calls and a lot of places.
And unfortunately, most people will say
Good stuff.
Good stuff to cover a margin on garbage and of course, that's how they
end up going broke.
When they're trying to trade, these markets is giving up.
What's working to hold on to something.
It's not trying to get back to even on one product, is that looking at
the overall picture.
So, I think the higher dollar is not very healthy for the for gold
right now.
When I just think that the overall price action suggests, there's more
rooms on the downside.
Now, you know, listen, I know the manipulator of the speech is always
out there and I'm not a guy that
Leaves and they can manipulate long-term, but in the short run, there
can be some price pushing and buy them have been pretty light to.
So, that's another thing that makes it easier to direct the market
where you wanted to go, the money will switch to go.
Remember if we say, we have X amount of dollars to trade and that's
really what you got, okay?
And you're going to put some what your money will chase money and as
the equity start to fall, there will be a point where I think the
money will start to go into you know obviously bonds US Dollars and of
And I think the precious metals, I think we're getting closer to that
stage, but we still have that I think make a bottom in the gold market
or the amount of the precious metals markets and we really haven't
made a solid bottom.
And the bottom is when you really see some panic and they determined
that used on the street is called capitulation.
We have not seen a capitulation bottom yet that's what we're waiting
for and that would be more of the green light.
Now I've your physical buyer, you buy any time because again you're
not worried about the day to day trade and I think that's it.
Important to remember, what is your overall objective, if you're
buying it not planning on signing up tomorrow, then it doesn't matter.
Buy it at any price because they're going to go, it will be higher at
some point, but if you're looking to trade it, then you have to be
very much more careful.
Well, I mean, first of all, by him is pathetic, right?
And I'm not talking about, just in the precious metal, I'm dying
across the board.
There's, there's not a product that's really showing any realistic
volume, and that shows over an overall lack of participation in
markets.
I mean, you from equities to go to the grains that you name it.
It nothing is trading at normal buyers and, you know, maybe these are
the new normals but right now to me that's a sign that there's a
drift, the markets will still dripped in a direction and typically
Equity markets will drift higher, which was really what we've seen,
you know, other than today Friday, which is you said we're doing this
on Friday.
But brother week, they've been Raven running pretty good.
And they're, uh, pretty big for the week.
And I think that Commodities tend to drift lower and gold is a hard
asset commodity and that is what you see when you have very light
volume and until the sellers.
Finally, coming flush them, which I don't think is anywhere near yet.
Because again the slide by him you can't you can't get capitulation
I'm like by him he's got to come on.
Heavy volume and heavy selling when we get that that would be a sign
it's time to buy for a trade.
In the meantime it's always time for an investment.
It's going to her.
Hurt more than it's going to help.
Okay, it's going to hurt everybody.
The only it helps it helps to groups.
It helps the bank's because it gives them a bigger spread for London.
Okay.
And it and it helps calm the inflation, but we don't want a calm
inflation because we have to manually.
Walk it in where you want to come and play xinhui.
Inflation is good.
If it's being for the right reasons and the right reasons, our
production and people being able to buy things right now, everybody's
struggling to buy anything and, you know, we're coming into
Season.
We have a lousy broken down supply chain, and you've got all of these
issues that are in play.
That could be fixed.
Listen, 80% of everything you do, involves fossil fuels.
All right?
So if we don't produce it ourselves which why we're not, I don't know.
I mean it really is kind of dumb when you think about it because it's
a simple solution and I always ask this question to my people at what
cost you want to destroy the American economy and apparently they
don't care what the cost is that Biden would rather take a 747 Air
Force
One that the Saudi Arabian beg for oil, for then the producer, why do
they want them to produce?
A why shouldn't we benefit?
Why should our aramco benefit from?
I think not very good.
So, how do people prepare for this and invest?
You know, in this, in this new environment we see of extremely high
inflation.
Well, I think investing is got to be something and money that your can
afford to not have to get.
In other words, you got to take them only money, you can afford, if
you're going to need money next week for your house, your car,
I mean, you better not invest it because you never want to have to be
forced to sell something, okay?
I mean, I, my I had you everything that I have, but I'm inequities
long, I'm logging.
He's all the time when they go up and they go down, I told you what I
told you were going down 60%, which I still believe I'm still Wong.
I'm hedged against it.
But even if I wasn't head, the history of the market tells me that
it's going up, an average of eight and a half to ten percent
year-over-year and I don't put in money that I'm gonna need for the
car payment, you know, this week, okay?
You can't play them.
Market like that because the marker will always punish those who are
trying to play with light dollars worth in dollars that they can't
afford to be in with.
And that's, you know, it's like any other form of even gambling or
gaming.
If you're playing with money you can't afford and you're going to need
it.
You're never going to get out of the top.
You're always going to be chasing the bottom because when you want to
sell so is everybody else?
Well, I think they have a lot of room to go on the downside, so Elijah
and it's not that I'm against them.
I mean, listen, it lets me buy more physical at cheaper prices, which
I'm never going to sell.
But I think that the
A gold, the charts.
Look awful, the rallies are ridiculous.
You know, they make you know, bear Market rallies.
Look the best and that's why I think we've seen that.
We sought on Thursday, gold was down over 20 bucks on Thursday ended
up about 15 for the day and today they're trying to Rally but the
rallies are really weak.
And if goal of can't get through 1740, I don't think it's going
anywhere.
I think it's going to 1650 which is what I'm looking at.
And I think silver has gone to $18.
Nothing platinum's, go
Lauren now Platinum.
We don't trade much flattened because it's not very liquid and the
paper markets but you know I'm a buyer Platinum especially at these
prices.
It to me is a bargain for physical Platinum but you know paper these
markets like pretty awful and I would continue to look to sell High.
Buy equally you know scold silver and platinum every couple of months,
I buy twenty five fifty thousand dollars worth.
Boom, boom boom.
Put it away, I'll never sell it myself.
My die, my kids will drop drop.
Drop it right away, but I won't sell it.
I'm
Again, I have no reason to Salt, I'm buying it with money.
I can afford, and I think that, you know, I get, I'm a big believer
and it may in some day, indeed, be a currency again.
Someday, you know, we forget about the fraudulent fiat currency system
that were involved in.
Okay?
Not just the US dollar, but the Yen, the euro currency and all the
rest.
I mean the euro currency of my opinions going to 88 cents, you know
just hit par a week ago and it bounced a little bit.
But I think you're going to see 88 cents and the euro currency and
this is
Is it still worth less?
Remember, even though the dollar is trading at, what does it ring a
dollar six, okay?
It's still not buying as much as I bought last week, so you can take
these numbers and the fraud that they created that they perpetrate
through the central banking system because all they're really doing is
pumping in money back into the government by creating more, you know,
be doing the fractional banking system that creates more money and the
the Federal Reserve that creates more money and we go in these
too-big-to-fail deals is ridiculous, they're just dealing.
Devalue your currency.
That's the imaginary growth that you see.