Gary Savage: 13-Year Base in Gold Means Big Moves Ahead

0:01 we live in a fantasy world now reality

0:04 we live in a fantasy world now reality

0:04 we live in a fantasy world now reality has been destroyed this is the time that

0:07 has been destroyed this is the time that

0:07 has been destroyed this is the time that we really need to pay attention the

0:09 we really need to pay attention the

0:09 we really need to pay attention the probabilities are overwhelmingly on

0:12 probabilities are overwhelmingly on

0:12 probabilities are overwhelmingly on Gold's

0:13 Gold's

0:13 Gold's side that is the best environment to see

0:17 side that is the best environment to see

0:17 side that is the best environment to see gold increase its

0:19 gold increase its

0:19 gold increase its value welcome to Palisades Gold radio

0:22 value welcome to Palisades Gold radio

0:22 value welcome to Palisades Gold radio I'm your host Tom Bodi joining me today

0:24 I'm your host Tom Bodi joining me today

0:24 I'm your host Tom Bodi joining me today is Gary Savage retired entrepreneur

0:26 is Gary Savage retired entrepreneur

0:26 is Gary Savage retired entrepreneur stock and commodity Trader and founder

0:28 stock and commodity Trader and founder

0:28 stock and commodity Trader and founder of smart money tracker premium Gary how

0:31 of smart money tracker premium Gary how

0:31 of smart money tracker premium Gary how are you today I'm doing good Tom thanks

0:33 are you today I'm doing good Tom thanks

0:33 are you today I'm doing good Tom thanks for inviting me back always great to to

0:36 for inviting me back always great to to

0:36 for inviting me back always great to to speak with you Gary and we've got a lot

0:38 speak with you Gary and we've got a lot

0:38 speak with you Gary and we've got a lot to to go over today but I wanted to

0:41 to to go over today but I wanted to

0:41 to to go over today but I wanted to start by asking you if most people are

0:42 start by asking you if most people are

0:42 start by asking you if most people are missing the big picture on medals you

0:45 missing the big picture on medals you

0:45 missing the big picture on medals you know you and I were speaking here this

0:48 know you and I were speaking here this

0:48 know you and I were speaking here this morning before we hit record about this

0:50 morning before we hit record about this

0:50 morning before we hit record about this idea of really instant gratification and

0:53 idea of really instant gratification and

0:53 idea of really instant gratification and I think a lot of people can get kind of

0:55 I think a lot of people can get kind of

0:56 I think a lot of people can get kind of mired in the daily moves and you know

1:00 mired in the daily moves and you know

1:00 mired in the daily moves and you know just looking at the

1:02 just looking at the

1:02 just looking at the price day to day or or even hour to hour

1:05 price day to day or or even hour to hour

1:05 price day to day or or even hour to hour but why do you think most people are

1:07 but why do you think most people are

1:07 but why do you think most people are missing the bigger picture and what it

1:09 missing the bigger picture and what it

1:09 missing the bigger picture and what it means for the medals so I I I'm in

1:12 means for the medals so I I I'm in

1:12 means for the medals so I I I'm in agreement with you I do think they are

1:13 agreement with you I do think they are

1:13 agreement with you I do think they are missing the big picture and the big

1:15 missing the big picture and the big

1:15 missing the big picture and the big picture is we've got a breakout from a

1:18 picture is we've got a breakout from a

1:18 picture is we've got a breakout from a 13-year cup and handle basing pattern

1:22 13-year cup and handle basing pattern

1:22 13-year cup and handle basing pattern and most people know the rule the bigger

1:24 and most people know the rule the bigger

1:24 and most people know the rule the bigger the the base the higher in space that

1:27 the the base the higher in space that

1:27 the the base the higher in space that that is a huge basee and you can look at

1:30 that is a huge basee and you can look at

1:30 that is a huge basee and you can look at the long-term church you can look at

1:31 the long-term church you can look at

1:31 the long-term church you can look at that breakout back in was it

1:34 that breakout back in was it

1:34 that breakout back in was it 2011 I think it was that was about a

1:37 2011 I think it was that was about a

1:37 2011 I think it was that was about a year and a half base and gold went up

1:40 year and a half base and gold went up

1:40 year and a half base and gold went up about 100% this is a 13-year base um and

1:45 about 100% this is a 13-year base um and

1:45 about 100% this is a 13-year base um and this is why I

1:46 this is why I

1:46 this is why I say you know my everybody's heard this

1:50 say you know my everybody's heard this

1:50 say you know my everybody's heard this before I um $100 silver is going to be

1:53 before I um $100 silver is going to be

1:53 before I um $100 silver is going to be piece of cake I think $7,000 gold will

1:56 piece of cake I think $7,000 gold will

1:56 piece of cake I think $7,000 gold will be a piece of cake but I think $10,000

1:58 be a piece of cake but I think $10,000

1:58 be a piece of cake but I think $10,000 gold is more likely and it's simply

2:00 gold is more likely and it's simply

2:00 gold is more likely and it's simply based on the size of that 13-year base

2:03 based on the size of that 13-year base

2:03 based on the size of that 13-year base um it'll take a while to get there I

2:04 um it'll take a while to get there I

2:04 um it'll take a while to get there I think it's going to be three or four

2:06 think it's going to be three or four

2:06 think it's going to be three or four months or not months three three to four

2:09 months or not months three three to four

2:09 months or not months three three to four years at least maybe five or six but I

2:12 years at least maybe five or six but I

2:12 years at least maybe five or six but I think it's going to get there and I

2:13 think it's going to get there and I

2:13 think it's going to get there and I think the size of the base guarantees a

2:15 think the size of the base guarantees a

2:15 think the size of the base guarantees a move of that size but I think people get

2:18 move of that size but I think people get

2:18 move of that size but I think people get they get kind of caught up in the

2:19 they get kind of caught up in the

2:19 they get kind of caught up in the day-to-day uh charts so they're they're

2:22 day-to-day uh charts so they're they're

2:22 day-to-day uh charts so they're they're watching and gold has been what two two

2:24 watching and gold has been what two two

2:24 watching and gold has been what two two almost three weeks now kind of stuck

2:26 almost three weeks now kind of stuck

2:26 almost three weeks now kind of stuck below 2550 and they're getting

2:28 below 2550 and they're getting

2:28 below 2550 and they're getting frustrated and they don't bother to pull

2:31 frustrated and they don't bother to pull

2:31 frustrated and they don't bother to pull up a multi-year chart and see that we've

2:33 up a multi-year chart and see that we've

2:33 up a multi-year chart and see that we've got you know this huge breakout um back

2:36 got you know this huge breakout um back

2:36 got you know this huge breakout um back in March uh of this you know massive

2:40 in March uh of this you know massive

2:40 in March uh of this you know massive base and we've we're I think we're still

2:43 base and we've we're I think we're still

2:43 base and we've we're I think we're still kind of in the first major leg up uh

2:47 kind of in the first major leg up uh

2:47 kind of in the first major leg up uh that's probably going to I think it's

2:49 that's probably going to I think it's

2:49 that's probably going to I think it's probably get to 2700 2800 and then I

2:52 probably get to 2700 2800 and then I

2:52 probably get to 2700 2800 and then I think we'll have some kind of a

2:53 think we'll have some kind of a

2:53 think we'll have some kind of a correction but overall over the next

2:56 correction but overall over the next

2:56 correction but overall over the next four or five years the big pitch are

2:58 four or five years the big pitch are

2:58 four or five years the big pitch are much much higher probably 10,000

3:01 so Gary when we think about let's say

3:03 so Gary when we think about let's say

3:03 so Gary when we think about let's say the difference between the gold and

3:04 the difference between the gold and

3:04 the difference between the gold and silver charts you know obviously you're

3:08 silver charts you know obviously you're

3:08 silver charts you know obviously you're looking kind of at at a measured move as

3:10 looking kind of at at a measured move as

3:10 looking kind of at at a measured move as you said from that from the base of gold

3:13 you said from that from the base of gold

3:13 you said from that from the base of gold so does the does the silver chart make

3:16 so does the does the silver chart make

3:16 so does the does the silver chart make that you know a a larger proportional

3:20 that you know a a larger proportional

3:20 that you know a a larger proportional move because of the let's say the

3:22 move because of the let's say the

3:22 move because of the let's say the structure of that

3:24 structure of that

3:24 structure of that chart well silver is a lot more volatile

3:27 chart well silver is a lot more volatile

3:27 chart well silver is a lot more volatile than gold and um one of the things that

3:31 than gold and um one of the things that

3:31 than gold and um one of the things that is characteristic of silver is it tends

3:34 is characteristic of silver is it tends

3:34 is characteristic of silver is it tends to move late in the cycle um so you'll

3:37 to move late in the cycle um so you'll

3:37 to move late in the cycle um so you'll notice when we get late into the

3:40 notice when we get late into the

3:40 notice when we get late into the intermediate cycle and Gold's starting

3:42 intermediate cycle and Gold's starting

3:42 intermediate cycle and Gold's starting to get kind of expensive then Traders

3:45 to get kind of expensive then Traders

3:45 to get kind of expensive then Traders start to gravitate more towards silver

3:47 start to gravitate more towards silver

3:47 start to gravitate more towards silver because it's cheaper and very often what

3:50 because it's cheaper and very often what

3:50 because it's cheaper and very often what will happen is you'll get this big

3:52 will happen is you'll get this big

3:52 will happen is you'll get this big explosive move towards the end of the

3:54 explosive move towards the end of the

3:54 explosive move towards the end of the cycle and that's one of the

3:56 cycle and that's one of the

3:56 cycle and that's one of the characteristics we look for that tells

3:58 characteristics we look for that tells

3:58 characteristics we look for that tells us it's about time for a correction you

4:00 us it's about time for a correction you

4:00 us it's about time for a correction you know not a small correction but a larger

4:03 know not a small correction but a larger

4:03 know not a small correction but a larger multi-week intermediate correction is

4:05 multi-week intermediate correction is

4:05 multi-week intermediate correction is when silver really starts to go

4:07 when silver really starts to go

4:07 when silver really starts to go ballistic over you know couple week

4:12 ballistic over you know couple week

4:12 ballistic over you know couple week period a big percentage move over a

4:14 period a big percentage move over a

4:14 period a big percentage move over a short time period that's a sign that the

4:17 short time period that's a sign that the

4:17 short time period that's a sign that the intermediate Cycle's probably getting

4:19 intermediate Cycle's probably getting

4:19 intermediate Cycle's probably getting ready to top um and it's why I think

4:22 ready to top um and it's why I think

4:22 ready to top um and it's why I think silver is going to have a big um

4:25 silver is going to have a big um

4:25 silver is going to have a big um explosive move here in I'd say by

4:29 explosive move here in I'd say by

4:29 explosive move here in I'd say by November maybe maybe ahead of the

4:32 November maybe maybe ahead of the

4:32 November maybe maybe ahead of the elections maybe right after the

4:33 elections maybe right after the

4:33 elections maybe right after the elections I think Silver's probably

4:35 elections I think Silver's probably

4:35 elections I think Silver's probably going to go to $40 might get to

4:40 going to go to $40 might get to

4:40 going to go to $40 might get to $50 might be a stretch to get to 50 but

4:42 $50 might be a stretch to get to 50 but

4:42 $50 might be a stretch to get to 50 but I think it could go to 40 but you're

4:44 I think it could go to 40 but you're

4:44 I think it could go to 40 but you're going to have to be patient because it

4:46 going to have to be patient because it

4:47 going to have to be patient because it that big move occurs at the end of the

4:50 that big move occurs at the end of the

4:50 that big move occurs at the end of the of the intermediate cycle and in the big

4:53 of the intermediate cycle and in the big

4:53 of the intermediate cycle and in the big picture when gold goes to 10,000 I think

4:55 picture when gold goes to 10,000 I think

4:55 picture when gold goes to 10,000 I think silver is going to go to 250 maybe even

5:00 silver is going to go to 250 maybe even

5:00 silver is going to go to 250 maybe even as high as 500 but a lot of that will

5:02 as high as 500 but a lot of that will

5:02 as high as 500 but a lot of that will occur in the last year of the of the

5:04 occur in the last year of the of the

5:04 occur in the last year of the of the bull market during the uh the parabolic

5:07 bull market during the uh the parabolic

5:07 bull market during the uh the parabolic bubble phase of the poll

5:11 bubble phase of the poll

5:11 bubble phase of the poll market so Gary you know we've we've

5:14 market so Gary you know we've we've

5:14 market so Gary you know we've we've heard a lot that you know the the

5:16 heard a lot that you know the the

5:16 heard a lot that you know the the Commodities complex in general needs to

5:20 Commodities complex in general needs to

5:20 Commodities complex in general needs to really rebalance or or you know revert

5:22 really rebalance or or you know revert

5:22 really rebalance or or you know revert back to the mean but why why do you

5:24 back to the mean but why why do you

5:24 back to the mean but why why do you think the metals are really diverging

5:26 think the metals are really diverging

5:26 think the metals are really diverging from the rest of the commodity Market at

5:28 from the rest of the commodity Market at

5:28 from the rest of the commodity Market at this point As It Seems like most of the

5:30 this point As It Seems like most of the

5:30 this point As It Seems like most of the Commodities are in a correction at this

5:32 Commodities are in a correction at this

5:32 Commodities are in a correction at this point uh correct they are diverging and

5:35 point uh correct they are diverging and

5:35 point uh correct they are diverging and I think there's a different fundamental

5:37 I think there's a different fundamental

5:37 I think there's a different fundamental dver for gold especially and then silver

5:40 dver for gold especially and then silver

5:40 dver for gold especially and then silver kind of follows gold it it has an

5:42 kind of follows gold it it has an

5:42 kind of follows gold it it has an industrial component as well but it it

5:45 industrial component as well but it it

5:45 industrial component as well but it it will generally follow gold and when gold

5:47 will generally follow gold and when gold

5:47 will generally follow gold and when gold really starts to get um overheated and

5:51 really starts to get um overheated and

5:51 really starts to get um overheated and going you know to the Moon silver will

5:54 going you know to the Moon silver will

5:54 going you know to the Moon silver will follow even even though it does have an

5:56 follow even even though it does have an

5:56 follow even even though it does have an industrial component to it but I think

5:58 industrial component to it but I think

5:58 industrial component to it but I think the um I think the driver of metals is

6:01 the um I think the driver of metals is

6:01 the um I think the driver of metals is different than just the commodity

6:02 different than just the commodity

6:02 different than just the commodity complex I I think there is um it's being

6:05 complex I I think there is um it's being

6:05 complex I I think there is um it's being a lot of is being driven by the war

6:08 a lot of is being driven by the war

6:08 a lot of is being driven by the war cycle that is heating up um we seem

6:12 cycle that is heating up um we seem

6:12 cycle that is heating up um we seem determined to start World War III and I

6:15 determined to start World War III and I

6:15 determined to start World War III and I think that's a big driver of it along

6:18 think that's a big driver of it along

6:18 think that's a big driver of it along with inflation but I think uh right now

6:21 with inflation but I think uh right now

6:21 with inflation but I think uh right now it's um

6:23 it's um

6:23 it's um governments all over the world

6:25 governments all over the world

6:25 governments all over the world especially Western governments are

6:27 especially Western governments are

6:27 especially Western governments are really drifting towards more and more

6:29 really drifting towards more and more

6:29 really drifting towards more and more sensor ship more

6:31 sensor ship more

6:31 sensor ship more authoritarian and and I think that's a

6:34 authoritarian and and I think that's a

6:34 authoritarian and and I think that's a big driver of of gold in

6:36 big driver of of gold in

6:36 big driver of of gold in general do you think the fundamentals

6:39 general do you think the fundamentals

6:39 general do you think the fundamentals really changed around August 2nd for the

6:43 really changed around August 2nd for the

6:43 really changed around August 2nd for the dollar and in in a way by extension for

6:47 dollar and in in a way by extension for

6:47 dollar and in in a way by extension for gold as well by the fed you know coming

6:50 gold as well by the fed you know coming

6:50 gold as well by the fed you know coming out with that language of their their

6:52 out with that language of their their

6:52 out with that language of their their Jackson hall

6:54 Jackson hall

6:54 Jackson hall meeting uh I didn't listen to the

6:56 meeting uh I didn't listen to the

6:56 meeting uh I didn't listen to the Jackson Hole meeting um now I do think

6:58 Jackson Hole meeting um now I do think

6:58 Jackson Hole meeting um now I do think the dollar well it's definitely put in

7:01 the dollar well it's definitely put in

7:01 the dollar well it's definitely put in at least a daily cycle bottom and it it

7:04 at least a daily cycle bottom and it it

7:04 at least a daily cycle bottom and it it dropped far enough to tag the 200 we

7:06 dropped far enough to tag the 200 we

7:06 dropped far enough to tag the 200 we moving average which it hasn't hit in

7:08 moving average which it hasn't hit in

7:08 moving average which it hasn't hit in quite a while so this is a spot where we

7:10 quite a while so this is a spot where we

7:10 quite a while so this is a spot where we could get a bounce we could get an

7:12 could get a bounce we could get an

7:12 could get a bounce we could get an intermediate degree Bounce from this um

7:15 intermediate degree Bounce from this um

7:15 intermediate degree Bounce from this um or it could just be a minor daily cycle

7:18 or it could just be a minor daily cycle

7:18 or it could just be a minor daily cycle bounce that won't last very long and

7:20 bounce that won't last very long and

7:20 bounce that won't last very long and then rolls over and breaks below that

7:23 then rolls over and breaks below that

7:23 then rolls over and breaks below that 200 we moving average I'm I'm pretty

7:26 200 we moving average I'm I'm pretty

7:26 200 we moving average I'm I'm pretty much convinced that the dollar has

7:27 much convinced that the dollar has

7:27 much convinced that the dollar has started a secular bare

7:30 started a secular bare

7:30 started a secular bare Market um but it's been stuck going

7:33 Market um but it's been stuck going

7:33 Market um but it's been stuck going sideways for about a year and a half I

7:35 sideways for about a year and a half I

7:35 sideways for about a year and a half I think at some point it's going to break

7:37 think at some point it's going to break

7:37 think at some point it's going to break down from that sideways consolidation I

7:40 down from that sideways consolidation I

7:40 down from that sideways consolidation I don't think it's going to go higher from

7:41 don't think it's going to go higher from

7:41 don't think it's going to go higher from there I think it'll go I think it'll

7:43 there I think it'll go I think it'll

7:43 there I think it'll go I think it'll finally break down out of that box that

7:45 finally break down out of that box that

7:45 finally break down out of that box that it's been in and we'll get um an

7:49 it's been in and we'll get um an

7:49 it's been in and we'll get um an acceleration of the bare Market in the

7:51 acceleration of the bare Market in the

7:51 acceleration of the bare Market in the dollar but right now it's a little too

7:55 dollar but right now it's a little too

7:55 dollar but right now it's a little too early for me to tell it's at least in a

7:57 early for me to tell it's at least in a

7:57 early for me to tell it's at least in a daily cycle rally maybe an inter

7:59 daily cycle rally maybe an inter

7:59 daily cycle rally maybe an inter immediate cycle rally if it is an

8:01 immediate cycle rally if it is an

8:01 immediate cycle rally if it is an intermediate cycle rally I don't think

8:03 intermediate cycle rally I don't think

8:03 intermediate cycle rally I don't think it'll last more than six to eight weeks

8:06 it'll last more than six to eight weeks

8:06 it'll last more than six to eight weeks before it rolls over and then we do

8:07 before it rolls over and then we do

8:07 before it rolls over and then we do break below that 200 we moving average

8:09 break below that 200 we moving average

8:09 break below that 200 we moving average so this will be one it'll be another

8:12 so this will be one it'll be another

8:12 so this will be one it'll be another driver of the bull market in uh in the

8:15 driver of the bull market in uh in the

8:15 driver of the bull market in uh in the precious metals along with the war

8:19 precious metals along with the war

8:19 precious metals along with the war cycle so now that we've got that kind of

8:22 cycle so now that we've got that kind of

8:22 cycle so now that we've got that kind of that that understanding that overview

8:25 that that understanding that overview

8:25 that that understanding that overview explained for people if you could Gary

8:27 explained for people if you could Gary

8:27 explained for people if you could Gary walk us through the the gold chart to

8:30 walk us through the the gold chart to

8:30 walk us through the the gold chart to show us this bigger picture and why we

8:33 show us this bigger picture and why we

8:33 show us this bigger picture and why we need to take that into

8:35 need to take that into

8:35 need to take that into consideration so I think this is people

8:38 consideration so I think this is people

8:39 consideration so I think this is people get stuck in the in the daytoday they

8:41 get stuck in the in the daytoday they

8:41 get stuck in the in the daytoday they you know they're only looking at their

8:42 you know they're only looking at their

8:42 you know they're only looking at their daily charts they never bother to pull

8:44 daily charts they never bother to pull

8:44 daily charts they never bother to pull up the big

8:45 up the big

8:45 up the big picture but the big picture is we've got

8:49 picture but the big picture is we've got

8:49 picture but the big picture is we've got this pretty well defined cup and handle

8:53 this pretty well defined cup and handle

8:53 this pretty well defined cup and handle this was our 8-year cycle low right here

8:56 this was our 8-year cycle low right here

8:56 this was our 8-year cycle low right here we're only a couple of years into this

8:58 we're only a couple of years into this

8:58 we're only a couple of years into this 8-year cycle so we potentially

9:01 8-year cycle so we potentially

9:01 8-year cycle so we potentially have I would think at least four more

9:04 have I would think at least four more

9:04 have I would think at least four more years for this um multi-year cycle to

9:08 years for this um multi-year cycle to

9:09 years for this um multi-year cycle to Rally maybe I think there's a decent

9:12 Rally maybe I think there's a decent

9:12 Rally maybe I think there's a decent chance that we get our bubble phase at

9:14 chance that we get our bubble phase at

9:14 chance that we get our bubble phase at the end of that fouryear cycle it might

9:16 the end of that fouryear cycle it might

9:16 the end of that fouryear cycle it might even last five years and then we get one

9:18 even last five years and then we get one

9:18 even last five years and then we get one year down into the next eight-year cycle

9:20 year down into the next eight-year cycle

9:20 year down into the next eight-year cycle low could even stretch uh but people are

9:24 low could even stretch uh but people are

9:24 low could even stretch uh but people are are missing this we've got we've got a

9:25 are missing this we've got we've got a

9:25 are missing this we've got we've got a breakout from this this 13-year base

9:29 breakout from this this 13-year base

9:29 breakout from this this 13-year base we've got a breakout from this was it

9:32 we've got a breakout from this was it

9:32 we've got a breakout from this was it two and a half threeyear base and then

9:35 two and a half threeyear base and then

9:35 two and a half threeyear base and then we've got a breakout from this I think

9:38 we've got a breakout from this I think

9:38 we've got a breakout from this I think this was about a thre Monon base right

9:41 this was about a thre Monon base right

9:41 this was about a thre Monon base right here so they're they're focused on

9:44 here so they're they're focused on

9:44 here so they're they're focused on what's happening on the day-to-day

9:48 what's happening on the day-to-day

9:48 what's happening on the day-to-day charts and in the dayto day we've Gold's

9:50 charts and in the dayto day we've Gold's

9:50 charts and in the dayto day we've Gold's kind of been stuck for about like I said

9:52 kind of been stuck for about like I said

9:52 kind of been stuck for about like I said about two to three weeks below this 2550

9:54 about two to three weeks below this 2550

9:54 about two to three weeks below this 2550 and they're getting frustrated but the

9:56 and they're getting frustrated but the

9:56 and they're getting frustrated but the more times this 2550 resistance Zone

9:59 more times this 2550 resistance Zone

9:59 more times this 2550 resistance Zone gets um tested the more likely it's

10:03 gets um tested the more likely it's

10:03 gets um tested the more likely it's going to break out and when it does all

10:06 going to break out and when it does all

10:06 going to break out and when it does all of the shorts that are trying to pin

10:07 of the shorts that are trying to pin

10:07 of the shorts that are trying to pin gold below that level are going to get

10:10 gold below that level are going to get

10:10 gold below that level are going to get squeezed and it's it's probably going to

10:12 squeezed and it's it's probably going to

10:12 squeezed and it's it's probably going to break out with a big violent move

10:14 break out with a big violent move

10:15 break out with a big violent move so I would caution people not to get too

10:18 so I would caution people not to get too

10:18 so I would caution people not to get too too bearish right now what happens is is

10:21 too bearish right now what happens is is

10:21 too bearish right now what happens is is you get bearish and you give up and you

10:22 you get bearish and you give up and you

10:22 you get bearish and you give up and you go looking for something else to uh to

10:25 go looking for something else to uh to

10:25 go looking for something else to uh to invest in and then you miss that

10:26 invest in and then you miss that

10:26 invest in and then you miss that breakout move and they always occur when

10:29 breakout move and they always occur when

10:29 breakout move and they always occur when you least expect it and and in this case

10:32 you least expect it and and in this case

10:32 you least expect it and and in this case I think um it's going to be a a big

10:35 I think um it's going to be a a big

10:35 I think um it's going to be a a big violent breakout so you want to be in

10:37 violent breakout so you want to be in

10:37 violent breakout so you want to be in before that

10:40 before that

10:40 before that happens Gary do do you see a possible

10:43 happens Gary do do you see a possible

10:43 happens Gary do do you see a possible you know better buying opportunity for

10:45 you know better buying opportunity for

10:45 you know better buying opportunity for those that want to you know get out of

10:48 those that want to you know get out of

10:48 those that want to you know get out of some of their Fiat maybe and actually

10:50 some of their Fiat maybe and actually

10:50 some of their Fiat maybe and actually into physical

10:53 into physical

10:53 into physical medals I don't know that you're going to

10:55 medals I don't know that you're going to

10:55 medals I don't know that you're going to get much of a correction in medals right

10:57 get much of a correction in medals right

10:57 get much of a correction in medals right now you know you may get

10:59 now you know you may get

10:59 now you know you may get 20 30 $40 pullbacks but this doesn't

11:04 20 30 $40 pullbacks but this doesn't

11:04 20 30 $40 pullbacks but this doesn't this doesn't look to me like that we're

11:06 this doesn't look to me like that we're

11:06 this doesn't look to me like that we're going to get you know a correction like

11:09 going to get you know a correction like

11:09 going to get you know a correction like this or or well this was a move down

11:11 this or or well this was a move down

11:11 this or or well this was a move down into an eight-year cycle low of course

11:13 into an eight-year cycle low of course

11:13 into an eight-year cycle low of course this isn't due for another six years yet

11:16 this isn't due for another six years yet

11:16 this isn't due for another six years yet but this is this is what an intermediate

11:18 but this is this is what an intermediate

11:18 but this is this is what an intermediate degree correction looks like but we're

11:20 degree correction looks like but we're

11:20 degree correction looks like but we're not getting that anymore uh this uh

11:23 not getting that anymore uh this uh

11:23 not getting that anymore uh this uh apparently was an intermediate

11:24 apparently was an intermediate

11:25 apparently was an intermediate correction here but it just went

11:26 correction here but it just went

11:26 correction here but it just went sideways again uh this was an

11:29 sideways again uh this was an

11:29 sideways again uh this was an intermediate degree correction right

11:31 intermediate degree correction right

11:31 intermediate degree correction right here but it just went sideways and we're

11:33 here but it just went sideways and we're

11:33 here but it just went sideways and we're just going sideways um right now as we

11:36 just going sideways um right now as we

11:36 just going sideways um right now as we prepare to break out above 25 50 so

11:41 prepare to break out above 25 50 so

11:41 prepare to break out above 25 50 so we're we're not getting typical

11:44 we're we're not getting typical

11:44 we're we're not getting typical intermediate degree pullback something

11:45 intermediate degree pullback something

11:45 intermediate degree pullback something where you could um you know wait and buy

11:48 where you could um you know wait and buy

11:48 where you could um you know wait and buy cheaper I tend to think this is probably

11:50 cheaper I tend to think this is probably

11:50 cheaper I tend to think this is probably going to break out probably going to go

11:53 going to break out probably going to go

11:53 going to break out probably going to go to somewhere between 2700 and 2800 and

11:56 to somewhere between 2700 and 2800 and

11:56 to somewhere between 2700 and 2800 and then maybe at that point we do get uh a

12:00 then maybe at that point we do get uh a

12:00 then maybe at that point we do get uh a recognizable intermediate degree

12:02 recognizable intermediate degree

12:02 recognizable intermediate degree pullback where you could buy cheaper but

12:06 pullback where you could buy cheaper but

12:06 pullback where you could buy cheaper but I don't know that it's going to come

12:07 I don't know that it's going to come

12:08 I don't know that it's going to come back below the the level that it's it's

12:10 back below the the level that it's it's

12:10 back below the the level that it's it's at right now so even if you wait for the

12:14 at right now so even if you wait for the

12:14 at right now so even if you wait for the next intermediate degree correction you

12:15 next intermediate degree correction you

12:15 next intermediate degree correction you may not get it cheaper than it is right

12:18 may not get it cheaper than it is right

12:18 may not get it cheaper than it is right now so again Gary if we could can we

12:21 now so again Gary if we could can we

12:21 now so again Gary if we could can we look at the difference between the the

12:23 look at the difference between the the

12:23 look at the difference between the the gold chart and the silver chart please

12:25 gold chart and the silver chart please

12:25 gold chart and the silver chart please so silver chart uh a little bit

12:28 so silver chart uh a little bit

12:28 so silver chart uh a little bit different obviously we have broken out

12:29 different obviously we have broken out

12:29 different obviously we have broken out above the all-time Highs but that just

12:31 above the all-time Highs but that just

12:31 above the all-time Highs but that just means the base is you know two or three

12:34 means the base is you know two or three

12:34 means the base is you know two or three times bigger in silver than it is in in

12:36 times bigger in silver than it is in in

12:36 times bigger in silver than it is in in Gold so when we when we do finally break

12:39 Gold so when we when we do finally break

12:39 Gold so when we when we do finally break out above that $50 resistance Zone here

12:43 out above that $50 resistance Zone here

12:43 out above that $50 resistance Zone here and this is why I say the a big chunk of

12:45 and this is why I say the a big chunk of

12:45 and this is why I say the a big chunk of those gains could come in the last year

12:49 those gains could come in the last year

12:49 those gains could come in the last year a year and a half when we get into the

12:51 a year and a half when we get into the

12:51 a year and a half when we get into the bubble so we're we're kind of struggling

12:54 bubble so we're we're kind of struggling

12:54 bubble so we're we're kind of struggling with this $30 resistance here we've

12:57 with this $30 resistance here we've

12:57 with this $30 resistance here we've we've got above it but it came too late

12:59 we've got above it but it came too late

12:59 we've got above it but it came too late in the in the intermediate cycle to give

13:01 in the in the intermediate cycle to give

13:01 in the in the intermediate cycle to give us a sustained move and then we've been

13:03 us a sustained move and then we've been

13:03 us a sustained move and then we've been in this correction I think the

13:05 in this correction I think the

13:05 in this correction I think the intermediate correction is probably over

13:08 intermediate correction is probably over

13:08 intermediate correction is probably over right now silver is in a a daily cycle

13:12 right now silver is in a a daily cycle

13:12 right now silver is in a a daily cycle correction zoom in here a little bit and

13:17 correction zoom in here a little bit and

13:17 correction zoom in here a little bit and um here we go okay so um I think this is

13:22 um here we go okay so um I think this is

13:22 um here we go okay so um I think this is our intermediate cycle low so I don't

13:23 our intermediate cycle low so I don't

13:23 our intermediate cycle low so I don't think we're going below that but we are

13:24 think we're going below that but we are

13:25 think we're going below that but we are in a daily cycle correction here so I

13:28 in a daily cycle correction here so I

13:28 in a daily cycle correction here so I don't know yet it's a little too early

13:31 don't know yet it's a little too early

13:31 don't know yet it's a little too early to tell whether this is the bottom of

13:32 to tell whether this is the bottom of

13:32 to tell whether this is the bottom of the daily cycle correction and we're

13:34 the daily cycle correction and we're

13:35 the daily cycle correction and we're we're getting ready to to make the next

13:37 we're getting ready to to make the next

13:37 we're getting ready to to make the next leg

13:38 leg

13:38 leg up but I don't think we're going to

13:40 up but I don't think we're going to

13:40 up but I don't think we're going to break back below this but uh the the

13:43 break back below this but uh the the

13:43 break back below this but uh the the bigger picture as you said is we're

13:46 bigger picture as you said is we're

13:46 bigger picture as you said is we're we're struggling to break out above this

13:48 we're struggling to break out above this

13:48 we're struggling to break out above this $30 resistance Zone and um and once we

13:54 $30 resistance Zone and um and once we

13:54 $30 resistance Zone and um and once we do then um and I think we are going to

13:56 do then um and I think we are going to

13:56 do then um and I think we are going to break out above this on our during this

13:58 break out above this on our during this

13:58 break out above this on our during this intered

13:59 intered

13:59 intered cycle and the fact that silver had this

14:03 cycle and the fact that silver had this

14:03 cycle and the fact that silver had this big you remember I said that towards the

14:05 big you remember I said that towards the

14:05 big you remember I said that towards the end of the intermediate Cycles you get

14:07 end of the intermediate Cycles you get

14:07 end of the intermediate Cycles you get these big violent moves the fact that we

14:10 these big violent moves the fact that we

14:10 these big violent moves the fact that we got this big violent move after gold had

14:14 got this big violent move after gold had

14:14 got this big violent move after gold had pretty much already topped in that

14:15 pretty much already topped in that

14:15 pretty much already topped in that intermediate cycle tells me that silver

14:19 intermediate cycle tells me that silver

14:19 intermediate cycle tells me that silver is setting up for a big explosive

14:21 is setting up for a big explosive

14:21 is setting up for a big explosive move so I think we're going to once we

14:25 move so I think we're going to once we

14:25 move so I think we're going to once we finish this daily cycle correction I

14:27 finish this daily cycle correction I

14:27 finish this daily cycle correction I think we're going to get above 30 we're

14:28 think we're going to get above 30 we're

14:28 think we're going to get above 30 we're going to hold above 30 we're going to

14:30 going to hold above 30 we're going to

14:30 going to hold above 30 we're going to break out above 32 and I think we're

14:32 break out above 32 and I think we're

14:32 break out above 32 and I think we're going to we're going to have another one

14:34 going to we're going to have another one

14:34 going to we're going to have another one of these big explosive moves like we had

14:36 of these big explosive moves like we had

14:36 of these big explosive moves like we had like right here towards the end of this

14:39 like right here towards the end of this

14:39 like right here towards the end of this intermediate cycle and it's probably

14:41 intermediate cycle and it's probably

14:41 intermediate cycle and it's probably going to take us to $40 and it and it

14:43 going to take us to $40 and it and it

14:43 going to take us to $40 and it and it might even take us to 50 50 is probably

14:46 might even take us to 50 50 is probably

14:47 might even take us to 50 50 is probably a stretch but I think $40 is pretty

14:49 a stretch but I think $40 is pretty

14:49 a stretch but I think $40 is pretty likely and and I think it's going to

14:52 likely and and I think it's going to

14:52 likely and and I think it's going to come

14:55 probably somewhere between the beginning

14:58 probably somewhere between the beginning

14:58 probably somewhere between the beginning and middle of of November maybe even to

15:00 and middle of of November maybe even to

15:00 and middle of of November maybe even to the towards the um end of November so

15:03 the towards the um end of November so

15:03 the towards the um end of November so you're going to have to be patient here

15:05 you're going to have to be patient here

15:05 you're going to have to be patient here we got to let this daily cycle run its

15:06 we got to let this daily cycle run its

15:07 we got to let this daily cycle run its course and then start the advancing

15:08 course and then start the advancing

15:08 course and then start the advancing phase but uh I think you want to be

15:11 phase but uh I think you want to be

15:11 phase but uh I think you want to be buying physical silver here because I I

15:13 buying physical silver here because I I

15:14 buying physical silver here because I I think we're about to to leave this $30

15:16 think we're about to to leave this $30

15:16 think we're about to to leave this $30 level behind during this intermediate

15:17 level behind during this intermediate

15:17 level behind during this intermediate cycle and you're not going to be able to

15:19 cycle and you're not going to be able to

15:19 cycle and you're not going to be able to buy cheaper than that

15:21 buy cheaper than that

15:21 buy cheaper than that again so gri when we're thinking about

15:25 again so gri when we're thinking about

15:25 again so gri when we're thinking about you know this bigger picture as as we're

15:27 you know this bigger picture as as we're

15:27 you know this bigger picture as as we're talking about this and really trying to

15:29 talking about this and really trying to

15:29 talking about this and really trying to consider this when you're placing let's

15:34 consider this when you're placing let's

15:34 consider this when you're placing let's say a trade or an investment whatever

15:37 say a trade or an investment whatever

15:37 say a trade or an investment whatever word you want to use here are you buying

15:41 word you want to use here are you buying

15:41 word you want to use here are you buying for a longer term hold and just watching

15:45 for a longer term hold and just watching

15:45 for a longer term hold and just watching the charts you know to instruct yourself

15:48 the charts you know to instruct yourself

15:48 the charts you know to instruct yourself as this is going up or are you looking

15:52 as this is going up or are you looking

15:52 as this is going up or are you looking for buying opportunities how do you

15:54 for buying opportunities how do you

15:55 for buying opportunities how do you think about you know placing this trade

15:58 think about you know placing this trade

15:58 think about you know placing this trade Andor investment

16:00 Andor investment

16:00 Andor investment all right

16:01 all right

16:01 all right so um my suggestion to my subscribers is

16:06 so um my suggestion to my subscribers is

16:06 so um my suggestion to my subscribers is to have the majority of your capital in

16:08 to have the majority of your capital in

16:08 to have the majority of your capital in physical gold and silver you won't be

16:11 physical gold and silver you won't be

16:11 physical gold and silver you won't be tempted to overtrade that um and you can

16:15 tempted to overtrade that um and you can

16:15 tempted to overtrade that um and you can see already this bull markets is pretty

16:18 see already this bull markets is pretty

16:18 see already this bull markets is pretty volatile your your stops get hit even

16:22 volatile your your stops get hit even

16:22 volatile your your stops get hit even and let me go over to the mining chart

16:24 and let me go over to the mining chart

16:24 and let me go over to the mining chart because this shows it

16:26 because this shows it

16:26 because this shows it really really good so you can see this

16:29 really really good so you can see this

16:29 really really good so you can see this has just been you know we had a a pretty

16:32 has just been you know we had a a pretty

16:32 has just been you know we had a a pretty easy phase to trade right here as we

16:34 easy phase to trade right here as we

16:34 easy phase to trade right here as we were making that breakout but then it

16:36 were making that breakout but then it

16:36 were making that breakout but then it became really difficult uh then you had

16:39 became really difficult uh then you had

16:39 became really difficult uh then you had these these big Corrections and then you

16:41 these these big Corrections and then you

16:41 these these big Corrections and then you get these rallies and right about the

16:43 get these rallies and right about the

16:43 get these rallies and right about the time they they get a breakout and

16:45 time they they get a breakout and

16:45 time they they get a breakout and everybody starts to think you know to

16:47 everybody starts to think you know to

16:47 everybody starts to think you know to the moon and this is where they want to

16:50 the moon and this is where they want to

16:50 the moon and this is where they want to pile they want to Pile in on these

16:51 pile they want to Pile in on these

16:51 pile they want to Pile in on these breakouts well then we get another uh

16:53 breakouts well then we get another uh

16:53 breakouts well then we get another uh correction in a deep one and so your

16:56 correction in a deep one and so your

16:56 correction in a deep one and so your stop gets hit and and you get knocked

16:58 stop gets hit and and you get knocked

16:58 stop gets hit and and you get knocked out and then you you get a little

17:00 out and then you you get a little

17:00 out and then you you get a little nervous and you're afraid to pull the

17:01 nervous and you're afraid to pull the

17:01 nervous and you're afraid to pull the trigger and you don't know where the

17:03 trigger and you don't know where the

17:03 trigger and you don't know where the bottom is maybe you get another fake out

17:05 bottom is maybe you get another fake out

17:05 bottom is maybe you get another fake out right here that you get in and then the

17:07 right here that you get in and then the

17:07 right here that you get in and then the very next day your stop gets hit again

17:10 very next day your stop gets hit again

17:10 very next day your stop gets hit again and uh and then you know you get another

17:12 and uh and then you know you get another

17:12 and uh and then you know you get another rally and you get a break out Above This

17:15 rally and you get a break out Above This

17:15 rally and you get a break out Above This pivot and so now you're you know same

17:18 pivot and so now you're you know same

17:18 pivot and so now you're you know same thought pattern oh we're going to the

17:19 thought pattern oh we're going to the

17:19 thought pattern oh we're going to the Moon you buy up here and then back down

17:22 Moon you buy up here and then back down

17:22 Moon you buy up here and then back down we go so this is kind of almost

17:27 we go so this is kind of almost

17:27 we go so this is kind of almost untradeable unless you can pick these

17:29 untradeable unless you can pick these

17:29 untradeable unless you can pick these exact tops and the exact bottoms all

17:33 exact tops and the exact bottoms all

17:33 exact tops and the exact bottoms all you're going to do in a market like this

17:35 you're going to do in a market like this

17:35 you're going to do in a market like this that's very erratic and very

17:37 that's very erratic and very

17:37 that's very erratic and very volatile is lose money even though the

17:41 volatile is lose money even though the

17:41 volatile is lose money even though the market is going

17:43 market is going

17:43 market is going up um it's just it's going up slowly and

17:46 up um it's just it's going up slowly and

17:46 up um it's just it's going up slowly and it's going up in such an ER erratic

17:49 it's going up in such an ER erratic

17:49 it's going up in such an ER erratic volatile manner that trading it is is

17:52 volatile manner that trading it is is

17:52 volatile manner that trading it is is almost impossible and you just you're

17:55 almost impossible and you just you're

17:55 almost impossible and you just you're just losing money so if you're in

17:57 just losing money so if you're in

17:57 just losing money so if you're in physical gold and silver you're not not

17:58 physical gold and silver you're not not

17:58 physical gold and silver you're not not going to be tempted to sell that you

18:00 going to be tempted to sell that you

18:00 going to be tempted to sell that you will hold through all of

18:03 will hold through all of

18:03 will hold through all of this trading the

18:08 miners I've given my

18:11 miners I've given my

18:11 miners I've given my subscribers a way to to try and trade

18:14 subscribers a way to to try and trade

18:14 subscribers a way to to try and trade this

18:14 this

18:14 this because uh the general direction is up

18:18 because uh the general direction is up

18:18 because uh the general direction is up it's just so erratic that trying to to

18:20 it's just so erratic that trying to to

18:20 it's just so erratic that trying to to trade especially with stops you're just

18:22 trade especially with stops you're just

18:22 trade especially with stops you're just getting stopped out over and over so

18:24 getting stopped out over and over so

18:24 getting stopped out over and over so I've given my subscribers a method to

18:27 I've given my subscribers a method to

18:27 I've given my subscribers a method to trade that I I'll just keep that

18:30 trade that I I'll just keep that

18:30 trade that I I'll just keep that information for my

18:32 information for my

18:32 information for my subscribers but um trying to to trade

18:36 subscribers but um trying to to trade

18:36 subscribers but um trying to to trade this generally with stops like most

18:37 this generally with stops like most

18:37 this generally with stops like most people will and with the short-term

18:41 people will and with the short-term

18:41 people will and with the short-term instant

18:42 instant

18:42 instant gratification uh mentality that most

18:44 gratification uh mentality that most

18:44 gratification uh mentality that most Traders have then this kind of a market

18:47 Traders have then this kind of a market

18:47 Traders have then this kind of a market is just probably going to whip saw you

18:48 is just probably going to whip saw you

18:48 is just probably going to whip saw you to death so you need different

18:50 to death so you need different

18:50 to death so you need different strategies in this kind of a market in

18:52 strategies in this kind of a market in

18:52 strategies in this kind of a market in order to make money trying trying to

18:54 order to make money trying trying to

18:54 order to make money trying trying to trade these ups and downs is going to be

18:55 trade these ups and downs is going to be

18:55 trade these ups and downs is going to be very difficult and most people aren't

18:57 very difficult and most people aren't

18:57 very difficult and most people aren't going to make any money MH

19:00 going to make any money MH

19:00 going to make any money MH going back to the idea of let's say

19:02 going back to the idea of let's say

19:02 going back to the idea of let's say trading the gold and silver markets are

19:05 trading the gold and silver markets are

19:05 trading the gold and silver markets are the commitment of Traders reports a tool

19:07 the commitment of Traders reports a tool

19:07 the commitment of Traders reports a tool that you consider when placing a trade

19:11 that you consider when placing a trade

19:11 that you consider when placing a trade not really um they are kind of a

19:13 not really um they are kind of a

19:13 not really um they are kind of a secondary confirming tool but the uh

19:16 secondary confirming tool but the uh

19:16 secondary confirming tool but the uh Coots for gold and silver have been

19:18 Coots for gold and silver have been

19:18 Coots for gold and silver have been negative since I think late March and I

19:23 negative since I think late March and I

19:23 negative since I think late March and I I

19:24 I

19:24 I believe if I'm not mistaken they went

19:26 believe if I'm not mistaken they went

19:26 believe if I'm not mistaken they went negative at about 2100 in gold now

19:28 negative at about 2100 in gold now

19:28 negative at about 2100 in gold now Gold's at 2550 so if you are using the

19:31 Gold's at 2550 so if you are using the

19:31 Gold's at 2550 so if you are using the Coots

19:32 Coots

19:32 Coots to construct your trading strategies for

19:36 to construct your trading strategies for

19:36 to construct your trading strategies for gold and silver you you've missed a huge

19:38 gold and silver you you've missed a huge

19:38 gold and silver you you've missed a huge rally and generally the the same thing

19:42 rally and generally the the same thing

19:42 rally and generally the the same thing for

19:43 for

19:43 for silver

19:46 silver

19:46 silver so the Coots can be wrong for long

19:49 so the Coots can be wrong for long

19:49 so the Coots can be wrong for long periods of

19:51 periods of

19:51 periods of time if everything else is lining up as

19:56 time if everything else is lining up as

19:56 time if everything else is lining up as being you know bull bull then I would

19:59 being you know bull bull then I would

19:59 being you know bull bull then I would tend to ignore the Coots and that's what

20:02 tend to ignore the Coots and that's what

20:02 tend to ignore the Coots and that's what I've done because we've been in a

20:03 I've done because we've been in a

20:03 I've done because we've been in a bullish

20:06 environment it's at some point they'll

20:08 environment it's at some point they'll

20:08 environment it's at some point they'll they'll be right but uh you know you you

20:10 they'll be right but uh you know you you

20:10 they'll be right but uh you know you you could as I said you you've missed a huge

20:12 could as I said you you've missed a huge

20:12 could as I said you you've missed a huge rally if you're trying to use the Coots

20:14 rally if you're trying to use the Coots

20:14 rally if you're trying to use the Coots as a as a timing tool they're not very

20:16 as a as a timing tool they're not very

20:16 as a as a timing tool they're not very good for

20:18 good for

20:18 good for that and you know we're looking right

20:20 that and you know we're looking right

20:20 that and you know we're looking right now again mining chart or GDX right do

20:25 now again mining chart or GDX right do

20:25 now again mining chart or GDX right do you think that miners or let's say

20:28 you think that miners or let's say

20:28 you think that miners or let's say physical are a more favorable place to

20:30 physical are a more favorable place to

20:30 physical are a more favorable place to be considering the

20:33 be considering the

20:33 be considering the leverage when the metals moves

20:37 leverage when the metals moves

20:37 leverage when the metals moves happen um I think you're going to make a

20:41 happen um I think you're going to make a

20:41 happen um I think you're going to make a lot more money now I'll qualify this

20:44 lot more money now I'll qualify this

20:44 lot more money now I'll qualify this I'll say a lot more money by the time we

20:46 I'll say a lot more money by the time we

20:46 I'll say a lot more money by the time we get to the top of the bubble in physical

20:49 get to the top of the bubble in physical

20:49 get to the top of the bubble in physical silver than you will in miners you'll

20:51 silver than you will in miners you'll

20:51 silver than you will in miners you'll make a lot more money than you will Eng

20:53 make a lot more money than you will Eng

20:53 make a lot more money than you will Eng gold the gold silver ratio right now I

20:56 gold the gold silver ratio right now I

20:56 gold the gold silver ratio right now I think is 88 when I looked yesterday

20:59 think is 88 when I looked yesterday

20:59 think is 88 when I looked yesterday at the bubble top it's going to go back

21:01 at the bubble top it's going to go back

21:01 at the bubble top it's going to go back down to 30 so you're going to make a lot

21:04 down to 30 so you're going to make a lot

21:04 down to 30 so you're going to make a lot more money in silver than you will in

21:07 more money in silver than you will in

21:07 more money in silver than you will in gold and I think you're going to make a

21:09 gold and I think you're going to make a

21:09 gold and I think you're going to make a lot more money in silver and your

21:12 lot more money in silver and your

21:12 lot more money in silver and your physical silver than you will in mining

21:14 physical silver than you will in mining

21:14 physical silver than you will in mining stocks now there will will be a period

21:16 stocks now there will will be a period

21:16 stocks now there will will be a period and and it's basically it already

21:18 and and it's basically it already

21:18 and and it's basically it already started back here uh when we broke out

21:21 started back here uh when we broke out

21:21 started back here uh when we broke out in March

21:23 in March

21:23 in March the the gold to mining ratio started to

21:27 the the gold to mining ratio started to

21:27 the the gold to mining ratio started to move in favor of Miners and and it will

21:30 move in favor of Miners and and it will

21:31 move in favor of Miners and and it will continue to do

21:33 continue to do

21:33 continue to do that I think it's been more or less

21:35 that I think it's been more or less

21:35 that I think it's been more or less handin hand silver and miners are have

21:38 handin hand silver and miners are have

21:38 handin hand silver and miners are have gone up uh about the same percentage so

21:42 gone up uh about the same percentage so

21:42 gone up uh about the same percentage so they're they're both moving up at about

21:45 they're they're both moving up at about

21:45 they're they're both moving up at about the same Pace right now but as we get

21:48 the same Pace right now but as we get

21:48 the same Pace right now but as we get later into this bull market and as we

21:50 later into this bull market and as we

21:50 later into this bull market and as we start to move into the parabolic phase

21:53 start to move into the parabolic phase

21:53 start to move into the parabolic phase silver is gonna g to leave the miners

21:55 silver is gonna g to leave the miners

21:55 silver is gonna g to leave the miners behind and I suspect maybe during the

21:57 behind and I suspect maybe during the

21:58 behind and I suspect maybe during the last

21:59 last

21:59 last six months of that bubble phase the

22:01 six months of that bubble phase the

22:01 six months of that bubble phase the miners will start to diverge badly as

22:03 miners will start to diverge badly as

22:03 miners will start to diverge badly as they start to anticipate a top is coming

22:06 they start to anticipate a top is coming

22:06 they start to anticipate a top is coming so if you if you want to really make the

22:10 so if you if you want to really make the

22:10 so if you if you want to really make the big money I think you need to be you

22:13 big money I think you need to be you

22:13 big money I think you need to be you need to be in silver um it's going to be

22:15 need to be in silver um it's going to be

22:15 need to be in silver um it's going to be easiest to hold through these volatile

22:18 easiest to hold through these volatile

22:18 easiest to hold through these volatile back and forths if you're in physical

22:20 back and forths if you're in physical

22:20 back and forths if you're in physical silver you're not going to be tempted to

22:22 silver you're not going to be tempted to

22:22 silver you're not going to be tempted to to sell during Corrections you're not

22:24 to sell during Corrections you're not

22:24 to sell during Corrections you're not going to overtrade it but for the next

22:27 going to overtrade it but for the next

22:27 going to overtrade it but for the next couple of years I think silver and

22:29 couple of years I think silver and

22:29 couple of years I think silver and miners both will probably perform at

22:31 miners both will probably perform at

22:31 miners both will probably perform at about the same degree and they will

22:32 about the same degree and they will

22:32 about the same degree and they will outperform

22:33 outperform

22:33 outperform gold uh but during the the final year or

22:36 gold uh but during the the final year or

22:36 gold uh but during the the final year or so you you want to just be in silver I

22:39 so you you want to just be in silver I

22:39 so you you want to just be in silver I think so obviously you know as the let's

22:42 think so obviously you know as the let's

22:42 think so obviously you know as the let's say the measuring stick for the metals

22:45 say the measuring stick for the metals

22:45 say the measuring stick for the metals we've spoken a little bit about what the

22:47 we've spoken a little bit about what the

22:47 we've spoken a little bit about what the dollar is doing but do you take into

22:50 dollar is doing but do you take into

22:50 dollar is doing but do you take into consideration or do you do you try to

22:52 consideration or do you do you try to

22:52 consideration or do you do you try to look at as an extension of that dollar

22:54 look at as an extension of that dollar

22:54 look at as an extension of that dollar chart what the other currencies that are

22:57 chart what the other currencies that are

22:57 chart what the other currencies that are important let's say like the Euro or the

22:59 important let's say like the Euro or the

22:59 important let's say like the Euro or the yen to that dollar chart do you try to

23:01 yen to that dollar chart do you try to

23:02 yen to that dollar chart do you try to take those charts into consideration

23:04 take those charts into consideration

23:04 take those charts into consideration when trying to consider what direction

23:06 when trying to consider what direction

23:06 when trying to consider what direction the dollar is headed for so the you know

23:10 the dollar is headed for so the you know

23:10 the dollar is headed for so the you know the biggest factor in the dollar Index

23:11 the biggest factor in the dollar Index

23:11 the biggest factor in the dollar Index is the Euro the euro is going to go

23:14 is the Euro the euro is going to go

23:14 is the Euro the euro is going to go opposite of the dollar the dollar is

23:16 opposite of the dollar the dollar is

23:16 opposite of the dollar the dollar is trying to bounce off of its 200 we

23:19 trying to bounce off of its 200 we

23:19 trying to bounce off of its 200 we moving average and the euro is is trying

23:21 moving average and the euro is is trying

23:21 moving average and the euro is is trying to get through its 200 we moving average

23:24 to get through its 200 we moving average

23:24 to get through its 200 we moving average to the upside also I think the Yen has

23:27 to the upside also I think the Yen has

23:27 to the upside also I think the Yen has probably

23:29 probably

23:29 probably it may have put in a secular bare Market

23:31 it may have put in a secular bare Market

23:31 it may have put in a secular bare Market bottom

23:32 bottom

23:32 bottom recently that'll also pressure the

23:35 recently that'll also pressure the

23:35 recently that'll also pressure the dollar to some

23:36 dollar to some

23:36 dollar to some extent but as I said I think the the I

23:40 extent but as I said I think the the I

23:40 extent but as I said I think the the I think the rally in the dollar even if

23:42 think the rally in the dollar even if

23:42 think the rally in the dollar even if it's an intermediate degree rally is is

23:44 it's an intermediate degree rally is is

23:44 it's an intermediate degree rally is is not going to last very long because I

23:46 not going to last very long because I

23:46 not going to last very long because I think I think the dollar U the the

23:49 think I think the dollar U the the

23:49 think I think the dollar U the the secular bull market in the dollar I

23:51 secular bull market in the dollar I

23:51 secular bull market in the dollar I think topped a couple years ago it's

23:53 think topped a couple years ago it's

23:53 think topped a couple years ago it's just in the process of breaking down and

23:57 just in the process of breaking down and

23:57 just in the process of breaking down and and once we break break through that 200

23:59 and once we break break through that 200

23:59 and once we break break through that 200 we moving average whether it be next

24:01 we moving average whether it be next

24:01 we moving average whether it be next week or or four or five weeks from now I

24:03 week or or four or five weeks from now I

24:03 week or or four or five weeks from now I think that'll be where the the dollar

24:05 think that'll be where the the dollar

24:05 think that'll be where the the dollar really starts to fall apart to the

24:09 really starts to fall apart to the

24:09 really starts to fall apart to the downside but right now it's it's still

24:11 downside but right now it's it's still

24:11 downside but right now it's it's still kind of

24:13 kind of

24:13 kind of probably at least an a daily cycle

24:16 probably at least an a daily cycle

24:16 probably at least an a daily cycle degree bounce maybe an intermediate

24:17 degree bounce maybe an intermediate

24:17 degree bounce maybe an intermediate degree cycle bounce but I don't think

24:19 degree cycle bounce but I don't think

24:19 degree cycle bounce but I don't think it's going to last very

24:21 it's going to last very

24:22 it's going to last very long so you know obviously we're we're

24:24 long so you know obviously we're we're

24:24 long so you know obviously we're we're also I think we're exactly a week way as

24:27 also I think we're exactly a week way as

24:28 also I think we're exactly a week way as you and talking on Wednesday the 11th

24:31 you and talking on Wednesday the 11th

24:31 you and talking on Wednesday the 11th here of September and we're exactly a

24:34 here of September and we're exactly a

24:34 here of September and we're exactly a week away from this next fomc meeting

24:39 week away from this next fomc meeting

24:39 week away from this next fomc meeting where Powell is likely to announce this

24:42 where Powell is likely to announce this

24:42 where Powell is likely to announce this rate cut or the this the First Rate cut

24:45 rate cut or the this the First Rate cut

24:45 rate cut or the this the First Rate cut for this cycle do you think that adds

24:48 for this cycle do you think that adds

24:48 for this cycle do you think that adds you know more fuel to the fire here or

24:51 you know more fuel to the fire here or

24:51 you know more fuel to the fire here or is the chart you know just kind of

24:53 is the chart you know just kind of

24:53 is the chart you know just kind of predestined for this

24:55 predestined for this

24:55 predestined for this move uh well normally I would have said

24:58 move uh well normally I would have said

24:58 move uh well normally I would have said that the fomc meeting would be the

25:01 that the fomc meeting would be the

25:01 that the fomc meeting would be the trigger event for the dollar to bounce

25:04 trigger event for the dollar to bounce

25:04 trigger event for the dollar to bounce but instead it decided it was going to

25:05 but instead it decided it was going to

25:05 but instead it decided it was going to bounce off that 200 we moving average so

25:08 bounce off that 200 we moving average so

25:08 bounce off that 200 we moving average so it bounced off the technical level

25:10 it bounced off the technical level

25:10 it bounced off the technical level instead of the trigger event of the

25:13 instead of the trigger event of the

25:13 instead of the trigger event of the FED cutting rates because the Dollar's

25:15 FED cutting rates because the Dollar's

25:15 FED cutting rates because the Dollar's been discounting the rate cut for a

25:18 been discounting the rate cut for a

25:18 been discounting the rate cut for a while now and and usually you would see

25:20 while now and and usually you would see

25:20 while now and and usually you would see a kind of a in this case it would be a

25:22 a kind of a in this case it would be a

25:22 a kind of a in this case it would be a buy the event instead of a sell the

25:25 buy the event instead of a sell the

25:25 buy the event instead of a sell the event where the the dollar would would

25:28 event where the the dollar would would

25:28 event where the the dollar would would bounce when the FED cut so it would do

25:29 bounce when the FED cut so it would do

25:29 bounce when the FED cut so it would do the opposite of what most people would

25:31 the opposite of what most people would

25:31 the opposite of what most people would expect but apparently that technical

25:33 expect but apparently that technical

25:33 expect but apparently that technical level of the 200 we moving average was

25:36 level of the 200 we moving average was

25:36 level of the 200 we moving average was strong enough to cause the bottom cause

25:38 strong enough to cause the bottom cause

25:38 strong enough to cause the bottom cause the bounce before the fomc meeting so at

25:42 the bounce before the fomc meeting so at

25:42 the bounce before the fomc meeting so at this point we might actually get a sell

25:44 this point we might actually get a sell

25:44 this point we might actually get a sell the news event when the FED

25:46 the news event when the FED

25:46 the news event when the FED Cuts next week the dollar may it may put

25:50 Cuts next week the dollar may it may put

25:50 Cuts next week the dollar may it may put in a daily cycle top in the dollar and

25:53 in a daily cycle top in the dollar and

25:53 in a daily cycle top in the dollar and then we may go down and break break

25:56 then we may go down and break break

25:56 then we may go down and break break below that 200 we moving average at that

25:58 below that 200 we moving average at that

25:58 below that 200 we moving average at that point it's game on in the dollar bare

26:02 point it's game on in the dollar bare

26:02 point it's game on in the dollar bare market and you know when when you say

26:06 market and you know when when you say

26:06 market and you know when when you say it's game on in the dollar be Market

26:08 it's game on in the dollar be Market

26:08 it's game on in the dollar be Market what does this you know condition also

26:10 what does this you know condition also

26:10 what does this you know condition also mean for

26:13 inflation

26:15 inflation

26:15 inflation well I think we're probably maybe slowly

26:18 well I think we're probably maybe slowly

26:18 well I think we're probably maybe slowly rolling into a

26:20 rolling into a

26:20 rolling into a recession

26:22 recession

26:22 recession so recessions generally are deflationary

26:25 so recessions generally are deflationary

26:25 so recessions generally are deflationary that may be why oil is going down so

26:29 that may be why oil is going down so

26:29 that may be why oil is going down so aggressively and most of the rest of the

26:31 aggressively and most of the rest of the

26:31 aggressively and most of the rest of the commodity markets are at least

26:34 commodity markets are at least

26:34 commodity markets are at least correcting so inflation might be maybe

26:39 correcting so inflation might be maybe

26:39 correcting so inflation might be maybe on hold for a while until the FED prints

26:43 on hold for a while until the FED prints

26:43 on hold for a while until the FED prints enough money to to stop the recession

26:46 enough money to to stop the recession

26:46 enough money to to stop the recession and stop the deflation and we get our

26:48 and stop the deflation and we get our

26:48 and stop the deflation and we get our next inflationary event but because

26:51 next inflationary event but because

26:51 next inflationary event but because there are other factors driving gold I

26:55 there are other factors driving gold I

26:55 there are other factors driving gold I don't think Gold's going to really

26:57 don't think Gold's going to really

26:57 don't think Gold's going to really participate pay to the downside like the

27:00 participate pay to the downside like the

27:00 participate pay to the downside like the rest of the commodity markets are but

27:01 rest of the commodity markets are but

27:01 rest of the commodity markets are but for right now it seems like inflation is

27:04 for right now it seems like inflation is

27:04 for right now it seems like inflation is tempering a little bit but at some point

27:06 tempering a little bit but at some point

27:06 tempering a little bit but at some point you know if we do really start to get

27:08 you know if we do really start to get

27:08 you know if we do really start to get into recession you know fed's going to

27:10 into recession you know fed's going to

27:10 into recession you know fed's going to respond like it always does and then

27:12 respond like it always does and then

27:12 respond like it always does and then inflation is going to come roaring

27:14 inflation is going to come roaring

27:14 inflation is going to come roaring back you know around that beginning of

27:18 back you know around that beginning of

27:18 back you know around that beginning of August time frame do you think the fed's

27:21 August time frame do you think the fed's

27:21 August time frame do you think the fed's actions as you said you know were slowly

27:24 actions as you said you know were slowly

27:24 actions as you said you know were slowly rolling into recession do you think the

27:26 rolling into recession do you think the

27:26 rolling into recession do you think the fed's actions ended up affecting let's

27:29 fed's actions ended up affecting let's

27:29 fed's actions ended up affecting let's say the the degree to which we're

27:32 say the the degree to which we're

27:32 say the the degree to which we're entering that recession well if they

27:34 entering that recession well if they

27:34 entering that recession well if they start cutting

27:35 start cutting

27:35 start cutting aggressively um I think they could slow

27:38 aggressively um I think they could slow

27:38 aggressively um I think they could slow it down unless you stop the war cycle

27:40 it down unless you stop the war cycle

27:40 it down unless you stop the war cycle though I don't think you're going to

27:41 though I don't think you're going to

27:41 though I don't think you're going to stop it and as as I said I I think you

27:45 stop it and as as I said I I think you

27:45 stop it and as as I said I I think you know the neocons are pretty determined

27:47 know the neocons are pretty determined

27:47 know the neocons are pretty determined to start World War III so seems unlikely

27:50 to start World War III so seems unlikely

27:50 to start World War III so seems unlikely that we're going to be able to stop the

27:51 that we're going to be able to stop the

27:51 that we're going to be able to stop the war cycle and if we can't stop the war

27:52 war cycle and if we can't stop the war

27:53 war cycle and if we can't stop the war cycle I don't think we can stop the

27:54 cycle I don't think we can stop the

27:54 cycle I don't think we can stop the recession cycle so it may be a slow

27:57 recession cycle so it may be a slow

27:57 recession cycle so it may be a slow process of rolling over into it but I

27:59 process of rolling over into it but I

27:59 process of rolling over into it but I think it's kind of inevitable at this

28:03 think it's kind of inevitable at this

28:03 think it's kind of inevitable at this point and because of that you know

28:06 point and because of that you know

28:06 point and because of that you know really that war cycle and let's say the

28:08 really that war cycle and let's say the

28:08 really that war cycle and let's say the election volatility that we could see

28:10 election volatility that we could see

28:10 election volatility that we could see over the next two months do you think

28:12 over the next two months do you think

28:12 over the next two months do you think that the the markets are

28:14 that the the markets are

28:15 that the the markets are pricing all of the things that could go

28:17 pricing all of the things that could go

28:17 pricing all of the things that could go wrong into themselves yet or is the

28:20 wrong into themselves yet or is the

28:21 wrong into themselves yet or is the General market really

28:22 General market really

28:22 General market really discounting the amount of volatility

28:24 discounting the amount of volatility

28:24 discounting the amount of volatility that we could really see over the next

28:26 that we could really see over the next

28:26 that we could really see over the next two months so I think the General Market

28:29 two months so I think the General Market

28:29 two months so I think the General Market has probably topped if not topped we

28:33 has probably topped if not topped we

28:33 has probably topped if not topped we might get a marginal breakout big cycle

28:36 might get a marginal breakout big cycle

28:36 might get a marginal breakout big cycle turns will often occur as a either a

28:39 turns will often occur as a either a

28:39 turns will often occur as a either a false breakout or a false breakdown we

28:41 false breakout or a false breakdown we

28:41 false breakout or a false breakdown we almost had a false uh we almost had a

28:44 almost had a false uh we almost had a

28:44 almost had a false uh we almost had a marginal breakout in the S&P a couple of

28:47 marginal breakout in the S&P a couple of

28:47 marginal breakout in the S&P a couple of weeks ago it got within you know a few

28:50 weeks ago it got within you know a few

28:50 weeks ago it got within you know a few percent or a half a percent of making a

28:52 percent or a half a percent of making a

28:52 percent or a half a percent of making a new all-time high but then turned back

28:54 new all-time high but then turned back

28:54 new all-time high but then turned back down again I was kind of looking for

28:56 down again I was kind of looking for

28:56 down again I was kind of looking for maybe a marginal Breakout right there

28:58 maybe a marginal Breakout right there

28:59 maybe a marginal Breakout right there and that gives the big money that kind

29:00 and that gives the big money that kind

29:00 and that gives the big money that kind of sees the big picture and what's

29:02 of sees the big picture and what's

29:02 of sees the big picture and what's coming it it gives them a chance to exit

29:04 coming it it gives them a chance to exit

29:04 coming it it gives them a chance to exit right at the top and it it's kind of a

29:05 right at the top and it it's kind of a

29:05 right at the top and it it's kind of a manufactured move

29:08 manufactured move

29:08 manufactured move um I don't know that we're going to get

29:11 um I don't know that we're going to get

29:11 um I don't know that we're going to get that marginal breakout at this point but

29:14 that marginal breakout at this point but

29:14 that marginal breakout at this point but even if we do I would be very leery of

29:17 even if we do I would be very leery of

29:17 even if we do I would be very leery of buying that breakout I think it would be

29:19 buying that breakout I think it would be

29:19 buying that breakout I think it would be a false

29:20 a false

29:20 a false breakout so I I don't think we're going

29:23 breakout so I I don't think we're going

29:23 breakout so I I don't think we're going to get a big sustained move if we do get

29:25 to get a big sustained move if we do get

29:25 to get a big sustained move if we do get a breakout here

29:28 a breakout here

29:28 a breakout here ahead of the

29:29 ahead of the

29:29 ahead of the elections I think it would be probably a

29:32 elections I think it would be probably a

29:32 elections I think it would be probably a bull trap where smart money is going to

29:33 bull trap where smart money is going to

29:33 bull trap where smart money is going to sell into that breakout and so you know

29:36 sell into that breakout and so you know

29:36 sell into that breakout and so you know if you're if you're a retail Trader I

29:38 if you're if you're a retail Trader I

29:38 if you're if you're a retail Trader I would not get too too bullish on a

29:40 would not get too too bullish on a

29:40 would not get too too bullish on a breakout I would probably be you know if

29:42 breakout I would probably be you know if

29:42 breakout I would probably be you know if you got 401 still in stocks I'd probably

29:45 you got 401 still in stocks I'd probably

29:45 you got 401 still in stocks I'd probably be getting out of those those stock

29:47 be getting out of those those stock

29:47 be getting out of those those stock positions and into a money market

29:49 positions and into a money market

29:49 positions and into a money market position or precious metals if you can

29:51 position or precious metals if you can

29:51 position or precious metals if you can do

29:52 do

29:52 do that but I I think the stock market's

29:55 that but I I think the stock market's

29:55 that but I I think the stock market's probably topped or if it's going to make

29:58 probably topped or if it's going to make

29:58 probably topped or if it's going to make make a marginal breakout that's all it's

29:59 make a marginal breakout that's all it's

29:59 make a marginal breakout that's all it's going to

30:00 going to

30:00 going to be and really as we're talking about you

30:03 be and really as we're talking about you

30:03 be and really as we're talking about you know the

30:04 know the

30:04 know the S&P you recently explained the the power

30:07 S&P you recently explained the the power

30:07 S&P you recently explained the the power of regression in those markets and you

30:10 of regression in those markets and you

30:10 of regression in those markets and you you looked at this I think it was a

30:12 you looked at this I think it was a

30:12 you looked at this I think it was a 10year chart or something like that that

30:15 10year chart or something like that that

30:15 10year chart or something like that that just you know basically goes up and to

30:17 just you know basically goes up and to

30:18 just you know basically goes up and to the right so explain that idea if you

30:20 the right so explain that idea if you

30:20 the right so explain that idea if you wouldn't mind the the power of

30:21 wouldn't mind the the power of

30:21 wouldn't mind the the power of regression in the S&P

30:24 regression in the S&P

30:24 regression in the S&P chart so uh this is what I'm talking

30:27 chart so uh this is what I'm talking

30:27 chart so uh this is what I'm talking about when I'm

30:28 about when I'm

30:28 about when I'm talking about your regression when when

30:30 talking about your regression when when

30:30 talking about your regression when when markets get stretched too far away from

30:32 markets get stretched too far away from

30:32 markets get stretched too far away from the long-term mean this a weekly chart

30:34 the long-term mean this a weekly chart

30:34 the long-term mean this a weekly chart the red line here is the um 200 we

30:37 the red line here is the um 200 we

30:38 the red line here is the um 200 we moving

30:39 moving

30:39 moving average um when the market gets

30:42 average um when the market gets

30:42 average um when the market gets stretched too far above the long-term

30:44 stretched too far above the long-term

30:44 stretched too far above the long-term mean then you get a regression event can

30:46 mean then you get a regression event can

30:46 mean then you get a regression event can happen U one of several ways uh during

30:50 happen U one of several ways uh during

30:50 happen U one of several ways uh during 2020 we were due for a four-year cycle

30:52 2020 we were due for a four-year cycle

30:52 2020 we were due for a four-year cycle low and we had run out of time for that

30:55 low and we had run out of time for that

30:55 low and we had run out of time for that four-year cycle low to progress so it it

30:58 four-year cycle low to progress so it it

30:58 four-year cycle low to progress so it it came as a crash very a short period

31:01 came as a crash very a short period

31:01 came as a crash very a short period crash into the four-year cycle low and

31:04 crash into the four-year cycle low and

31:04 crash into the four-year cycle low and then the FED started more QE they pumped

31:08 then the FED started more QE they pumped

31:08 then the FED started more QE they pumped it up again and then we got you know

31:10 it up again and then we got you know

31:10 it up again and then we got you know same thing got stretched too far above

31:13 same thing got stretched too far above

31:13 same thing got stretched too far above the the mean and we get another

31:16 the the mean and we get another

31:16 the the mean and we get another regression event this one takes about a

31:19 regression event this one takes about a

31:19 regression event this one takes about a year I think this was probably a short

31:21 year I think this was probably a short

31:21 year I think this was probably a short fouryear cycle

31:23 fouryear cycle

31:23 fouryear cycle low we are again stretched way too far

31:26 low we are again stretched way too far

31:26 low we are again stretched way too far above the mean I think we're probably

31:29 above the mean I think we're probably

31:29 above the mean I think we're probably going to roll over again slowly into

31:31 going to roll over again slowly into

31:31 going to roll over again slowly into recession so I suspect we're probably

31:34 recession so I suspect we're probably

31:34 recession so I suspect we're probably going to get a multi-year multi-month

31:38 going to get a multi-year multi-month

31:38 going to get a multi-year multi-month multi multi-year bare Market uh

31:41 multi multi-year bare Market uh

31:41 multi multi-year bare Market uh regression event down into the next

31:43 regression event down into the next

31:43 regression event down into the next fouryear cycle low that will come

31:45 fouryear cycle low that will come

31:45 fouryear cycle low that will come down at least to this 200 we moving

31:48 down at least to this 200 we moving

31:48 down at least to this 200 we moving average probably below it probably below

31:50 average probably below it probably below

31:50 average probably below it probably below this especially if we have a recession

31:53 this especially if we have a recession

31:53 this especially if we have a recession uh but it may take out to 2026 or even

31:56 uh but it may take out to 2026 or even

31:56 uh but it may take out to 2026 or even 2027 to do it because the fed's going to

31:59 2027 to do it because the fed's going to

31:59 2027 to do it because the fed's going to fight this the whole way down they're

32:00 fight this the whole way down they're

32:00 fight this the whole way down they're gonna they're going to cut rates they're

32:01 gonna they're going to cut rates they're

32:01 gonna they're going to cut rates they're going to start QE so we we've probably

32:05 going to start QE so we we've probably

32:06 going to start QE so we we've probably got a double top here and we're going to

32:08 got a double top here and we're going to

32:09 got a double top here and we're going to start a regression event that could

32:10 start a regression event that could

32:10 start a regression event that could maybe you know maybe bring us all the

32:12 maybe you know maybe bring us all the

32:12 maybe you know maybe bring us all the way back down to 3,000 or or even lower

32:15 way back down to 3,000 or or even lower

32:15 way back down to 3,000 or or even lower maybe even down to to 2,000 but it's

32:17 maybe even down to to 2,000 but it's

32:17 maybe even down to to 2,000 but it's going to take a long time to get there I

32:19 going to take a long time to get there I

32:19 going to take a long time to get there I think so no big kind of waterfall event

32:22 think so no big kind of waterfall event

32:22 think so no big kind of waterfall event because of the thed fighting it I I

32:25 because of the thed fighting it I I

32:25 because of the thed fighting it I I think we've run out of of time I was I

32:27 think we've run out of of time I was I

32:27 think we've run out of of time I was I was on the fence as to whether or not

32:29 was on the fence as to whether or not

32:29 was on the fence as to whether or not this was a four-year cycle low and we

32:33 this was a four-year cycle low and we

32:33 this was a four-year cycle low and we had the opportunity to have it here in

32:36 had the opportunity to have it here in

32:36 had the opportunity to have it here in September but it it just looks like to

32:39 September but it it just looks like to

32:39 September but it it just looks like to me this probably not going to happen

32:40 me this probably not going to happen

32:40 me this probably not going to happen this is probably gonna it would have

32:43 this is probably gonna it would have

32:43 this is probably gonna it would have taken a geop geopolitical event I think

32:45 taken a geop geopolitical event I think

32:45 taken a geop geopolitical event I think or a massive natural disaster you know a

32:50 or a massive natural disaster you know a

32:50 or a massive natural disaster you know a huge eight on the RoR scale earthquake

32:52 huge eight on the RoR scale earthquake

32:52 huge eight on the RoR scale earthquake in San Francisco could have done it if

32:55 in San Francisco could have done it if

32:55 in San Francisco could have done it if there was maybe some kind of a false

32:57 there was maybe some kind of a false

32:57 there was maybe some kind of a false flag event to bring Poland into the war

32:59 flag event to bring Poland into the war

32:59 flag event to bring Poland into the war and and and basically bring NATO into

33:01 and and and basically bring NATO into

33:01 and and and basically bring NATO into the war and you know ignite World War

33:04 the war and you know ignite World War

33:04 the war and you know ignite World War III immediately that could have done it

33:06 III immediately that could have done it

33:06 III immediately that could have done it doesn't seem like either one of those

33:08 doesn't seem like either one of those

33:08 doesn't seem like either one of those are going to happen immediately and it

33:11 are going to happen immediately and it

33:11 are going to happen immediately and it looks to me like this is probably our

33:13 looks to me like this is probably our

33:13 looks to me like this is probably our intermediate cycle low so our timing ban

33:17 intermediate cycle low so our timing ban

33:17 intermediate cycle low so our timing ban for that crash was now in September and

33:21 for that crash was now in September and

33:21 for that crash was now in September and it looks like it's probably not going to

33:23 it looks like it's probably not going to

33:23 it looks like it's probably not going to happen so I think now the odds favor

33:27 happen so I think now the odds favor

33:27 happen so I think now the odds favor just a long drawn out bare Market with

33:29 just a long drawn out bare Market with

33:29 just a long drawn out bare Market with lots of

33:32 lots of

33:32 lots of volatile and violent rallies as the FED

33:35 volatile and violent rallies as the FED

33:35 volatile and violent rallies as the FED tries to fight the recession so probably

33:39 tries to fight the recession so probably

33:39 tries to fight the recession so probably two years working our way down into the

33:41 two years working our way down into the

33:41 two years working our way down into the next four-year cycle low and an

33:45 next four-year cycle low and an

33:45 next four-year cycle low and an unavoidable recession in the

33:49 unavoidable recession in the

33:49 unavoidable recession in the process excellent Gary well I appreciate

33:51 process excellent Gary well I appreciate

33:51 process excellent Gary well I appreciate you walking us through all of these

33:53 you walking us through all of these

33:53 you walking us through all of these different charts and showing us how you

33:56 different charts and showing us how you

33:56 different charts and showing us how you see this developing um is there anything

33:58 see this developing um is there anything

33:58 see this developing um is there anything that you'd like to leave our listeners

33:59 that you'd like to leave our listeners

33:59 that you'd like to leave our listeners with to to think about or to to consider

34:02 with to to think about or to to consider

34:02 with to to think about or to to consider um before we wrap

34:04 um before we wrap

34:04 um before we wrap up well um in my opinion there's only

34:07 up well um in my opinion there's only

34:07 up well um in my opinion there's only one sector that I'm at all interested in

34:10 one sector that I'm at all interested in

34:10 one sector that I'm at all interested in um and that is the the precious metal

34:13 um and that is the the precious metal

34:13 um and that is the the precious metal sector I think it's going to benefit

34:15 sector I think it's going to benefit

34:15 sector I think it's going to benefit it's showing that it's diverging from

34:17 it's showing that it's diverging from

34:17 it's showing that it's diverging from everything else um try not to get too

34:20 everything else um try not to get too

34:20 everything else um try not to get too bogged down on the day-to-day charts

34:22 bogged down on the day-to-day charts

34:22 bogged down on the day-to-day charts keep the big picture in mind we got a

34:23 keep the big picture in mind we got a

34:23 keep the big picture in mind we got a major breakout from a 13-year base there

34:26 major breakout from a 13-year base there

34:26 major breakout from a 13-year base there will be periods of frustration as we've

34:29 will be periods of frustration as we've

34:29 will be periods of frustration as we've seen where the metals just go sideways

34:32 seen where the metals just go sideways

34:32 seen where the metals just go sideways it's still doing that right now going

34:34 it's still doing that right now going

34:34 it's still doing that right now going sideways but the the direction is up so

34:38 sideways but the the direction is up so

34:38 sideways but the the direction is up so keep that big picture in mind I'm not

34:41 keep that big picture in mind I'm not

34:41 keep that big picture in mind I'm not interested in energy I'm not interested

34:43 interested in energy I'm not interested

34:43 interested in energy I'm not interested in uranium I'm not really interested in

34:46 in uranium I'm not really interested in

34:46 in uranium I'm not really interested in Bitcoin which which has potential but I

34:48 Bitcoin which which has potential but I

34:48 Bitcoin which which has potential but I think it's also in a cup and handle

34:49 think it's also in a cup and handle

34:49 think it's also in a cup and handle pattern I think the the handle has more

34:51 pattern I think the the handle has more

34:51 pattern I think the the handle has more months to go before we're ready to break

34:53 months to go before we're ready to break

34:53 months to go before we're ready to break out for Bitcoin not really interested in

34:55 out for Bitcoin not really interested in

34:55 out for Bitcoin not really interested in the stock market now it's stretched too

34:57 the stock market now it's stretched too

34:57 the stock market now it's stretched too far above the I mean I think there's

34:58 far above the I mean I think there's

34:58 far above the I mean I think there's little chance of a sustained breakout in

35:00 little chance of a sustained breakout in

35:00 little chance of a sustained breakout in the stocks so really the

35:02 the stocks so really the

35:03 the stocks so really the only sector well I guess you could in

35:06 only sector well I guess you could in

35:06 only sector well I guess you could in invest in the uh defense sector because

35:08 invest in the uh defense sector because

35:09 invest in the uh defense sector because they are pretty much determined to start

35:11 they are pretty much determined to start

35:11 they are pretty much determined to start World War III so I guess there's two

35:13 World War III so I guess there's two

35:13 World War III so I guess there's two sectors but I I would prefer to be in

35:16 sectors but I I would prefer to be in

35:16 sectors but I I would prefer to be in Precious Metals rather than investing in

35:18 Precious Metals rather than investing in

35:19 Precious Metals rather than investing in lock heat Martin or Ron but um that

35:22 lock heat Martin or Ron but um that

35:22 lock heat Martin or Ron but um that that's about the only sector that I'm

35:23 that's about the only sector that I'm

35:23 that's about the only sector that I'm really at all interested in or think

35:26 really at all interested in or think

35:26 really at all interested in or think that investors should should be

35:27 that investors should should be

35:27 that investors should should be interested in so just stay focused on

35:29 interested in so just stay focused on

35:29 interested in so just stay focused on the big picture and I think you will do

35:31 the big picture and I think you will do

35:32 the big picture and I think you will do very well over the next two or three or

35:33 very well over the next two or three or

35:33 very well over the next two or three or four

35:34 four

35:34 four years excellent Gary well I appreciate

35:37 years excellent Gary well I appreciate

35:37 years excellent Gary well I appreciate appreciate that advice of course for

35:38 appreciate that advice of course for

35:38 appreciate that advice of course for anybody that wants to find more from you

35:41 anybody that wants to find more from you

35:41 anybody that wants to find more from you your website smartmoneytrackerpremium

35:43 your website smartmoneytrackerpremium

35:43 your website smartmoneytrackerpremium dcom and of course excellent Twitter

35:45 dcom and of course excellent Twitter

35:45 dcom and of course excellent Twitter follow Gary Savage one right correct

35:49 follow Gary Savage one right correct

35:49 follow Gary Savage one right correct excellent Gary thanks so much for your

35:51 excellent Gary thanks so much for your

35:51 excellent Gary thanks so much for your time today thanks for having me on again

35:53 time today thanks for having me on again

35:53 time today thanks for having me on again Tom

35:57 this podcast is for General

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