Jan 4 Weekend report
Gary Savage
0:00 I'm going to start off and apologize
0:02 I'm going to start off and apologize
0:02 I'm going to start off and apologize because I think this weekend report's
0:04 because I think this weekend report's
0:04 because I think this weekend report's going to be rather
0:06 going to be rather
0:06 going to be rather long um all right I'm going to start off
0:09 long um all right I'm going to start off
0:09 long um all right I'm going to start off with the currencies and and let me warn
0:11 with the currencies and and let me warn
0:11 with the currencies and and let me warn right now I think I may be about
0:15 right now I think I may be about
0:15 right now I think I may be about to reverse Direction
0:18 to reverse Direction
0:18 to reverse Direction 180% on some of the markets that that
0:21 180% on some of the markets that that
0:21 180% on some of the markets that that we're
0:23 we're
0:23 we're covering uh not not necessarily gold so
0:26 covering uh not not necessarily gold so
0:26 covering uh not not necessarily gold so don't panic right off the bat but some
0:28 don't panic right off the bat but some
0:28 don't panic right off the bat but some of these other markets I
0:30 of these other markets I
0:30 of these other markets I I I may be ready to get bullish on them
0:35 I I may be ready to get bullish on them
0:35 I I may be ready to get bullish on them even though one day ago I was not so let
0:40 even though one day ago I was not so let
0:40 even though one day ago I was not so let me I'm going to start with the
0:41 me I'm going to start with the
0:41 me I'm going to start with the currencies um this was a spot where I I
0:45 currencies um this was a spot where I I
0:45 currencies um this was a spot where I I thought we could possibly get a bottom
0:48 thought we could possibly get a bottom
0:48 thought we could possibly get a bottom and and we I'm going to start off with
0:49 and and we I'm going to start off with
0:49 and and we I'm going to start off with the
0:50 the
0:50 the Euro I am
0:52 Euro I am
0:52 Euro I am assuming this is our previous
0:57 assuming this is our previous
0:57 assuming this is our previous ICL and we're in a
1:00 ICL and we're in a
1:00 ICL and we're in a uh left translated and and failed failed
1:03 uh left translated and and failed failed
1:03 uh left translated and and failed failed because we dropped below this pivot uh
1:05 because we dropped below this pivot uh
1:06 because we dropped below this pivot uh intermediate cycle that probably means
1:08 intermediate cycle that probably means
1:08 intermediate cycle that probably means that this um I'm guessing this is a
1:11 that this um I'm guessing this is a
1:11 that this um I'm guessing this is a three-year cycle low in the in the Euro
1:13 three-year cycle low in the in the Euro
1:13 three-year cycle low in the in the Euro and this is probably our three-year
1:15 and this is probably our three-year
1:15 and this is probably our three-year cycle top so we're we're probably going
1:18 cycle top so we're we're probably going
1:18 cycle top so we're we're probably going to have another failed intermediate
1:21 to have another failed intermediate
1:21 to have another failed intermediate cycle that probably means that the war
1:22 cycle that probably means that the war
1:23 cycle that probably means that the war in in Europe is going to at least
1:25 in in Europe is going to at least
1:25 in in Europe is going to at least continue and probably spread so that I
1:28 continue and probably spread so that I
1:28 continue and probably spread so that I don't
1:30 don't
1:30 don't I don't see the Euro starting
1:33 I don't see the Euro starting
1:33 I don't see the Euro starting a secular bull market until we we sto
1:38 a secular bull market until we we sto
1:38 a secular bull market until we we sto the
1:39 the
1:39 the war um but it uh this is this is a
1:43 war um but it uh this is this is a
1:43 war um but it uh this is this is a pretty long rally I think this is about
1:45 pretty long rally I think this is about
1:45 pretty long rally I think this is about 30 weeks let me count it here all right
1:48 30 weeks let me count it here all right
1:48 30 weeks let me count it here all right so so this is uh 37 weeks long it's time
1:52 so so this is uh 37 weeks long it's time
1:52 so so this is uh 37 weeks long it's time for an intermediate bottom even if this
1:55 for an intermediate bottom even if this
1:55 for an intermediate bottom even if this three-year cycle is left translating and
1:58 three-year cycle is left translating and
1:58 three-year cycle is left translating and is eventually going to come come down
2:00 is eventually going to come come down
2:00 is eventually going to come come down and make a a lower low than this
2:02 and make a a lower low than this
2:02 and make a a lower low than this threeyear cycle low here it's more than
2:05 threeyear cycle low here it's more than
2:05 threeyear cycle low here it's more than time for this intermediate cycle the
2:08 time for this intermediate cycle the
2:08 time for this intermediate cycle the bounce we would just um expect that the
2:11 bounce we would just um expect that the
2:11 bounce we would just um expect that the the bounce probably will not be able to
2:13 the bounce probably will not be able to
2:13 the bounce probably will not be able to make a higher high but it it's time for
2:16 make a higher high but it it's time for
2:16 make a higher high but it it's time for a multi-week rally of you know anywhere
2:19 a multi-week rally of you know anywhere
2:19 a multi-week rally of you know anywhere from 5 to 10 12 weeks so that's one
2:23 from 5 to 10 12 weeks so that's one
2:23 from 5 to 10 12 weeks so that's one thing and and also uh the uh decline has
2:26 thing and and also uh the uh decline has
2:26 thing and and also uh the uh decline has reached this um 61.8%
2:30 reached this um 61.8%
2:30 reached this um 61.8% Fibonacci retracement that was um one of
2:33 Fibonacci retracement that was um one of
2:33 Fibonacci retracement that was um one of the spots that I picked as a potential
2:37 the spots that I picked as a potential
2:37 the spots that I picked as a potential zone for a bottom now let me go to the
2:40 zone for a bottom now let me go to the
2:40 zone for a bottom now let me go to the dollar all right it's a similar picture
2:42 dollar all right it's a similar picture
2:42 dollar all right it's a similar picture in the dollar uh it has
2:44 in the dollar uh it has
2:44 in the dollar uh it has retraced uh back to the
2:48 retraced uh back to the
2:48 retraced uh back to the 61.8% Fibonacci retracement of this
2:52 61.8% Fibonacci retracement of this
2:52 61.8% Fibonacci retracement of this entire uh 3year cycle Decline and
2:56 entire uh 3year cycle Decline and
2:56 entire uh 3year cycle Decline and actually I didn't
3:00 actually I didn't
3:00 actually I didn't see if I can get this lined up
3:03 see if I can get this lined up
3:03 see if I can get this lined up here all right um so it's
3:07 here all right um so it's
3:07 here all right um so it's retraced back to
3:10 retraced back to
3:10 retraced back to the the 61.8% Fibonacci retracement and
3:14 the the 61.8% Fibonacci retracement and
3:14 the the 61.8% Fibonacci retracement and we're 14 weeks into this rally so it it
3:17 we're 14 weeks into this rally so it it
3:17 we're 14 weeks into this rally so it it is right translated so we we're going to
3:20 is right translated so we we're going to
3:20 is right translated so we we're going to expect that it's uh probably not going
3:23 expect that it's uh probably not going
3:23 expect that it's uh probably not going to make a lower low but we're in the
3:27 to make a lower low but we're in the
3:27 to make a lower low but we're in the timing ban here for
3:30 timing ban here for
3:30 timing ban here for um a six to maybe eight nine week uh
3:36 um a six to maybe eight nine week uh
3:36 um a six to maybe eight nine week uh intermediate decline to
3:39 intermediate decline to
3:39 intermediate decline to retrace some of of this
3:43 rally and I'm going to
3:46 rally and I'm going to
3:46 rally and I'm going to assume that this is
3:51 assume that this is
3:51 assume that this is probably this is a tough one I'm not
3:53 probably this is a tough one I'm not
3:53 probably this is a tough one I'm not sure exactly how to read this whether I
3:55 sure exactly how to read this whether I
3:55 sure exactly how to read this whether I would call this a three this is
3:58 would call this a three this is
3:58 would call this a three this is definitely a three-year cycle
4:00 definitely a three-year cycle
4:00 definitely a three-year cycle below so maybe this is just a rather odd
4:05 below so maybe this is just a rather odd
4:05 below so maybe this is just a rather odd three-year cycle that has been mostly a
4:07 three-year cycle that has been mostly a
4:07 three-year cycle that has been mostly a sideways uh churn but we're we're now
4:09 sideways uh churn but we're we're now
4:09 sideways uh churn but we're we're now making higher highs pretty odd that this
4:12 making higher highs pretty odd that this
4:12 making higher highs pretty odd that this made a lower low below this intermediate
4:15 made a lower low below this intermediate
4:15 made a lower low below this intermediate cycle but it is what it is um so you
4:20 cycle but it is what it is um so you
4:20 cycle but it is what it is um so you know it it's it's time it's due for an
4:24 know it it's it's time it's due for an
4:24 know it it's it's time it's due for an intermediate correction so let's assume
4:26 intermediate correction so let's assume
4:26 intermediate correction so let's assume that I'm correct here on the currencies
4:28 that I'm correct here on the currencies
4:28 that I'm correct here on the currencies and the dollars about about ready to
4:30 and the dollars about about ready to
4:30 and the dollars about about ready to give us an intermediate degree
4:32 give us an intermediate degree
4:32 give us an intermediate degree correction and the euro is about ready
4:36 correction and the euro is about ready
4:36 correction and the euro is about ready to give us an intermediate degree rally
4:38 to give us an intermediate degree rally
4:38 to give us an intermediate degree rally for multiple weeks um you know anywhere
4:41 for multiple weeks um you know anywhere
4:41 for multiple weeks um you know anywhere from uh a month and a half to two months
4:44 from uh a month and a half to two months
4:44 from uh a month and a half to two months two and a half months tops
4:46 two and a half months tops
4:47 two and a half months tops probably um that sets the stage for a
4:51 probably um that sets the stage for a
4:51 probably um that sets the stage for a lot of things to
4:53 lot of things to
4:53 lot of things to Rally all right now let's go to the side
4:56 Rally all right now let's go to the side
4:57 Rally all right now let's go to the side all right my assumption is that
5:00 all right my assumption is that
5:01 all right my assumption is that um as of right now anyway my assumption
5:03 um as of right now anyway my assumption
5:03 um as of right now anyway my assumption is that that this is a third daily cycle
5:06 is that that this is a third daily cycle
5:06 is that that this is a third daily cycle low and that we're going to have a left
5:09 low and that we're going to have a left
5:09 low and that we're going to have a left translated fourth daily cycle that comes
5:11 translated fourth daily cycle that comes
5:11 translated fourth daily cycle that comes down and makes a lower low and we get a
5:14 down and makes a lower low and we get a
5:14 down and makes a lower low and we get a a failed daily cycle we didn't get a
5:16 a failed daily cycle we didn't get a
5:16 a failed daily cycle we didn't get a failed daily cycle uh right here uh
5:20 failed daily cycle uh right here uh
5:20 failed daily cycle uh right here uh assuming I'm correct and this is a this
5:23 assuming I'm correct and this is a this
5:23 assuming I'm correct and this is a this is a final third daily cycle low and I
5:25 is a final third daily cycle low and I
5:25 is a final third daily cycle low and I think it is because the mclan oscillator
5:28 think it is because the mclan oscillator
5:28 think it is because the mclan oscillator has rallied strongly um on
5:31 has rallied strongly um on
5:31 has rallied strongly um on Friday um this this did not drop below
5:35 Friday um this this did not drop below
5:35 Friday um this this did not drop below this previous daily cycle low so we
5:36 this previous daily cycle low so we
5:36 this previous daily cycle low so we don't actually have a failed daily cycle
5:38 don't actually have a failed daily cycle
5:38 don't actually have a failed daily cycle and most of the time you'll you'll get
5:40 and most of the time you'll you'll get
5:40 and most of the time you'll you'll get one of those but not always we did not
5:44 one of those but not always we did not
5:44 one of those but not always we did not get one
5:46 get one
5:46 get one here I am open to the
5:49 here I am open to the
5:49 here I am open to the possibility
5:51 possibility
5:51 possibility that um this decline which lasted about
5:58 that um this decline which lasted about
5:58 that um this decline which lasted about let me count it uh it lasted 17 days
6:01 let me count it uh it lasted 17 days
6:01 let me count it uh it lasted 17 days which is very similar to this decline
6:04 which is very similar to this decline
6:04 which is very similar to this decline here that also did not um produce a
6:07 here that also did not um produce a
6:07 here that also did not um produce a failed daily
6:09 failed daily
6:09 failed daily cycle I am open to the possibility that
6:12 cycle I am open to the possibility that
6:12 cycle I am open to the possibility that maybe this is going to turn out to be an
6:16 maybe this is going to turn out to be an
6:16 maybe this is going to turn out to be an intermediate cycle low it it did it
6:20 intermediate cycle low it it did it
6:20 intermediate cycle low it it did it didn't complete some of the parameters
6:22 didn't complete some of the parameters
6:22 didn't complete some of the parameters but it did complete uh all right let me
6:25 but it did complete uh all right let me
6:25 but it did complete uh all right let me kind of start this over here I lost my
6:27 kind of start this over here I lost my
6:27 kind of start this over here I lost my train of thought I got interrupted but
6:31 I'm not exactly sure where I left off
6:33 I'm not exactly sure where I left off
6:33 I'm not exactly sure where I left off but I'm going to start from here so
6:35 but I'm going to start from here so
6:35 but I'm going to start from here so anyway we we didn't actually have a
6:37 anyway we we didn't actually have a
6:37 anyway we we didn't actually have a failed the daily cycle here so I'm I am
6:40 failed the daily cycle here so I'm I am
6:40 failed the daily cycle here so I'm I am open to the possibility that maybe um we
6:44 open to the possibility that maybe um we
6:44 open to the possibility that maybe um we aren't going to get a failed daily cycle
6:47 aren't going to get a failed daily cycle
6:47 aren't going to get a failed daily cycle right here and that if the dollar is
6:49 right here and that if the dollar is
6:49 right here and that if the dollar is ready to decline maybe this is all we're
6:52 ready to decline maybe this is all we're
6:52 ready to decline maybe this is all we're going to get for an intermediate cycle
6:54 going to get for an intermediate cycle
6:54 going to get for an intermediate cycle low um this did complete some of the
6:57 low um this did complete some of the
6:57 low um this did complete some of the parameters for an ICL and then it also
7:00 parameters for an ICL and then it also
7:00 parameters for an ICL and then it also failed to complete uh assuming this is
7:03 failed to complete uh assuming this is
7:03 failed to complete uh assuming this is an I it also failed to complete some of
7:07 an I it also failed to complete some of
7:07 an I it also failed to complete some of the parameter so it did
7:09 the parameter so it did
7:09 the parameter so it did break this intermediate trend
7:13 break this intermediate trend
7:13 break this intermediate trend line um and it did form as an
7:17 line um and it did form as an
7:17 line um and it did form as an ABC decline the mclen oscillator got
7:22 ABC decline the mclen oscillator got
7:22 ABC decline the mclen oscillator got deeply oversold here and then we had a
7:25 deeply oversold here and then we had a
7:25 deeply oversold here and then we had a Divergence on this lower low here that
7:28 Divergence on this lower low here that
7:28 Divergence on this lower low here that is often seen at uh
7:30 is often seen at uh
7:30 is often seen at uh icls
7:33 icls
7:33 icls um it it did not turn the 10e moving
7:36 um it it did not turn the 10e moving
7:36 um it it did not turn the 10e moving average back down and the 10 week moving
7:38 average back down and the 10 week moving
7:38 average back down and the 10 week moving average is basically the same thing as
7:40 average is basically the same thing as
7:40 average is basically the same thing as the 50-day moving average so let me put
7:42 the 50-day moving average so let me put
7:42 the 50-day moving average so let me put that
7:43 that
7:43 that in all right so you can see it kind of
7:46 in all right so you can see it kind of
7:46 in all right so you can see it kind of flattened the 50d moving average out but
7:50 flattened the 50d moving average out but
7:50 flattened the 50d moving average out but it didn't uh actually turn it down so it
7:54 it didn't uh actually turn it down so it
7:54 it didn't uh actually turn it down so it it is not completing that parameter but
7:58 it is not completing that parameter but
7:58 it is not completing that parameter but um it is completing some of the other
8:03 um it is completing some of the other
8:03 um it is completing some of the other parameters that we usually see uh to
8:05 parameters that we usually see uh to
8:05 parameters that we usually see uh to indicate an ICL so if the dollar is
8:10 indicate an ICL so if the dollar is
8:10 indicate an ICL so if the dollar is ready to start an intermediate
8:13 ready to start an intermediate
8:13 ready to start an intermediate decline this may be all we're going to
8:15 decline this may be all we're going to
8:15 decline this may be all we're going to get for an ICL is this little bit here
8:18 get for an ICL is this little bit here
8:18 get for an ICL is this little bit here which is very similar to kind of what
8:20 which is very similar to kind of what
8:20 which is very similar to kind of what happened right here uh even though this
8:22 happened right here uh even though this
8:22 happened right here uh even though this did break a little further below the
8:25 did break a little further below the
8:25 did break a little further below the 50-day moving average but it didn't
8:27 50-day moving average but it didn't
8:27 50-day moving average but it didn't actually turn the 50-day moving average
8:29 actually turn the 50-day moving average
8:29 actually turn the 50-day moving average back down here either and we may just
8:33 back down here either and we may just
8:33 back down here either and we may just be uh ready to embark on a final
8:38 be uh ready to embark on a final
8:38 be uh ready to embark on a final parabolic um move into a final secular
8:43 parabolic um move into a final secular
8:43 parabolic um move into a final secular bull market top now let me show you the
8:46 bull market top now let me show you the
8:46 bull market top now let me show you the weekly
8:48 weekly
8:48 weekly chart all right you can you can see
8:50 chart all right you can you can see
8:50 chart all right you can you can see we're getting stretched really far above
8:53 we're getting stretched really far above
8:53 we're getting stretched really far above the uh this is a weekly chart so this is
8:55 the uh this is a weekly chart so this is
8:55 the uh this is a weekly chart so this is the 200 we moving
8:57 the 200 we moving
8:57 the 200 we moving average um normally
8:59 average um normally
8:59 average um normally I would expect a stretch like this is
9:01 I would expect a stretch like this is
9:01 I would expect a stretch like this is going to produce a you know some kind of
9:04 going to produce a you know some kind of
9:04 going to produce a you know some kind of a really severe either a really severe
9:07 a really severe either a really severe
9:07 a really severe either a really severe regression event back down to that
9:09 regression event back down to that
9:09 regression event back down to that moving average or um a considerable
9:13 moving average or um a considerable
9:13 moving average or um a considerable amount of time moving sideways to allow
9:15 amount of time moving sideways to allow
9:15 amount of time moving sideways to allow the moving average time to catch up to
9:17 the moving average time to catch up to
9:18 the moving average time to catch up to price but if we're kicking off a bubble
9:22 price but if we're kicking off a bubble
9:22 price but if we're kicking off a bubble phase that's that's not going to happen
9:24 phase that's that's not going to happen
9:24 phase that's that's not going to happen price will just continue to stretch and
9:26 price will just continue to stretch and
9:26 price will just continue to stretch and stretch and stretch until we get a final
9:29 stretch and stretch until we get a final
9:29 stretch and stretch until we get a final bubble top and then everything
9:31 bubble top and then everything
9:31 bubble top and then everything collapses and Bubbles are kicked off um
9:35 collapses and Bubbles are kicked off um
9:35 collapses and Bubbles are kicked off um almost always uh coming out of a
9:38 almost always uh coming out of a
9:38 almost always uh coming out of a multi-year cycle low which we have here
9:42 multi-year cycle low which we have here
9:42 multi-year cycle low which we have here and this was a
9:44 and this was a
9:44 and this was a short uh fouryear cycle it only lasted
9:48 short uh fouryear cycle it only lasted
9:48 short uh fouryear cycle it only lasted what two and a half years little
9:51 what two and a half years little
9:51 what two and a half years little over um but uh we were coming out of
9:55 over um but uh we were coming out of
9:55 over um but uh we were coming out of that fouryear cycle low and then now
9:57 that fouryear cycle low and then now
9:57 that fouryear cycle low and then now we've got this uh insanely powerful
10:01 we've got this uh insanely powerful
10:01 we've got this uh insanely powerful rally um kind of looks like has the ear
10:05 rally um kind of looks like has the ear
10:05 rally um kind of looks like has the ear marks in my opinion that
10:08 marks in my opinion that
10:08 marks in my opinion that we're in the early to Middle stages of a
10:12 we're in the early to Middle stages of a
10:13 we're in the early to Middle stages of a of a final blowoff bubble top
10:15 of a final blowoff bubble top
10:15 of a final blowoff bubble top maybe so if that's the case then maybe
10:19 maybe so if that's the case then maybe
10:19 maybe so if that's the case then maybe we just aren't going to get very deep
10:21 we just aren't going to get very deep
10:21 we just aren't going to get very deep icl's during this process although I I
10:24 icl's during this process although I I
10:24 icl's during this process although I I do think it's going to become uh more
10:26 do think it's going to become uh more
10:27 do think it's going to become uh more volatile as um as this stretches is
10:29 volatile as um as this stretches is
10:29 volatile as um as this stretches is further and further away from uh from
10:31 further and further away from uh from
10:31 further and further away from uh from the mean uh during the final bubble um
10:36 the mean uh during the final bubble um
10:36 the mean uh during the final bubble um years or months of the NASDAQ back in
10:39 years or months of the NASDAQ back in
10:39 years or months of the NASDAQ back in 2000 we had like 10% Corrections that
10:43 2000 we had like 10% Corrections that
10:43 2000 we had like 10% Corrections that would occur basically over 3 to 5 days
10:47 would occur basically over 3 to 5 days
10:47 would occur basically over 3 to 5 days that is some serious volatility um
10:50 that is some serious volatility um
10:50 that is some serious volatility um didn't mean that the bubble had popped
10:52 didn't mean that the bubble had popped
10:52 didn't mean that the bubble had popped yet but um you know if you would live do
10:55 yet but um you know if you would live do
10:55 yet but um you know if you would live do that in real time very scary uh same
10:57 that in real time very scary uh same
10:57 that in real time very scary uh same thing will probably happen here if in
11:00 thing will probably happen here if in
11:00 thing will probably happen here if in fact this is what's happening so here's
11:03 fact this is what's happening so here's
11:03 fact this is what's happening so here's here's going to be my suggestion if you
11:04 here's going to be my suggestion if you
11:04 here's going to be my suggestion if you want to trade it if you want to you know
11:07 want to trade it if you want to you know
11:07 want to trade it if you want to you know take a chance that this is all we're
11:09 take a chance that this is all we're
11:09 take a chance that this is all we're going to get for the ICL and that maybe
11:11 going to get for the ICL and that maybe
11:11 going to get for the ICL and that maybe we are starting that bubble phase
11:15 we are starting that bubble phase
11:15 we are starting that bubble phase um before I give you this trade let me
11:17 um before I give you this trade let me
11:17 um before I give you this trade let me also show you the the Dow Jones again
11:20 also show you the the Dow Jones again
11:20 also show you the the Dow Jones again because I I noted this before where the
11:23 because I I noted this before where the
11:23 because I I noted this before where the Dow is is trying to break out of this um
11:28 Dow is is trying to break out of this um
11:28 Dow is is trying to break out of this um Channel that it's been in of course then
11:30 Channel that it's been in of course then
11:30 Channel that it's been in of course then we had that the assassination of the
11:32 we had that the assassination of the
11:32 we had that the assassination of the United healthc Care CEO and that put um
11:37 United healthc Care CEO and that put um
11:37 United healthc Care CEO and that put um extreme pressure on one of the big Dow
11:39 extreme pressure on one of the big Dow
11:39 extreme pressure on one of the big Dow stocks and that was um basically what
11:43 stocks and that was um basically what
11:43 stocks and that was um basically what triggered this this severe sell off in
11:45 triggered this this severe sell off in
11:46 triggered this this severe sell off in the Dow but this is like the first the
11:50 the Dow but this is like the first the
11:50 the Dow but this is like the first the first Market that was trying to break
11:51 first Market that was trying to break
11:51 first Market that was trying to break out of the channel and that would be one
11:53 out of the channel and that would be one
11:53 out of the channel and that would be one of the
11:54 of the
11:54 of the um uh signs we would look for that maybe
11:58 um uh signs we would look for that maybe
11:58 um uh signs we would look for that maybe were really starting to accelerate into
12:00 were really starting to accelerate into
12:00 were really starting to accelerate into into a bubble would be uh prices
12:03 into a bubble would be uh prices
12:03 into a bubble would be uh prices breaking out of a a channel that it's
12:05 breaking out of a a channel that it's
12:05 breaking out of a a channel that it's been in for uh considerable amount of
12:08 been in for uh considerable amount of
12:08 been in for uh considerable amount of time all right here's um the basically
12:11 time all right here's um the basically
12:11 time all right here's um the basically the channel on um on the S&P here maybe
12:16 the channel on um on the S&P here maybe
12:16 the channel on um on the S&P here maybe I could
12:18 I could
12:18 I could even
12:20 even
12:20 even um draw it
12:23 um draw it
12:23 um draw it like
12:25 like
12:25 like this if the S&P breaks out of this then
12:27 this if the S&P breaks out of this then
12:27 this if the S&P breaks out of this then I would say absolutely yes we're we're
12:30 I would say absolutely yes we're we're
12:30 I would say absolutely yes we're we're in the final stages uh final months of a
12:32 in the final stages uh final months of a
12:32 in the final stages uh final months of a bubble and um and when this tops then um
12:36 bubble and um and when this tops then um
12:37 bubble and um and when this tops then um we we would probably begin the move down
12:39 we we would probably begin the move down
12:39 we we would probably begin the move down into the next fouryear cycle low this
12:42 into the next fouryear cycle low this
12:42 into the next fouryear cycle low this may turn out to be a long four-year
12:44 may turn out to be a long four-year
12:44 may turn out to be a long four-year cycle since this one was short uh and so
12:49 cycle since this one was short uh and so
12:49 cycle since this one was short uh and so I would expect if you know if we got our
12:53 I would expect if you know if we got our
12:53 I would expect if you know if we got our fouryear cycle low here in 22 um let's
12:56 fouryear cycle low here in 22 um let's
12:56 fouryear cycle low here in 22 um let's say we're we're realistically we're
12:58 say we're we're realistically we're
12:58 say we're we're realistically we're looking for a bottom that's going to be
13:00 looking for a bottom that's going to be
13:00 looking for a bottom that's going to be a little long so 27 or 28 well we're
13:04 a little long so 27 or 28 well we're
13:04 a little long so 27 or 28 well we're probably going to
13:05 probably going to
13:05 probably going to top maybe towards the end of middle or
13:09 top maybe towards the end of middle or
13:09 top maybe towards the end of middle or end of 25 so this could be a topping
13:13 end of 25 so this could be a topping
13:13 end of 25 so this could be a topping year for the stock market and it could
13:15 year for the stock market and it could
13:15 year for the stock market and it could be a year where the the stock market
13:18 be a year where the the stock market
13:18 be a year where the the stock market breaks out of the channel and starts to
13:19 breaks out of the channel and starts to
13:19 breaks out of the channel and starts to go parabolic
13:22 go parabolic
13:22 go parabolic so if you want
13:26 so if you want
13:26 so if you want to try this if you think think that that
13:30 to try this if you think think that that
13:30 to try this if you think think that that I might be on to something here and that
13:32 I might be on to something here and that
13:32 I might be on to something here and that maybe this is all we're going to get for
13:35 maybe this is all we're going to get for
13:35 maybe this is all we're going to get for an intermediate
13:36 an intermediate
13:36 an intermediate correction um assuming we don't have a
13:40 correction um assuming we don't have a
13:40 correction um assuming we don't have a big gap up Monday you could
13:44 big gap up Monday you could
13:44 big gap up Monday you could reenter stock market trades in in the
13:46 reenter stock market trades in in the
13:47 reenter stock market trades in in the stock ETFs like SPX QQQ whatever uh you
13:51 stock ETFs like SPX QQQ whatever uh you
13:51 stock ETFs like SPX QQQ whatever uh you want to trade with a very close stop
13:53 want to trade with a very close stop
13:53 want to trade with a very close stop just put your stop right below that if
13:55 just put your stop right below that if
13:55 just put your stop right below that if price goes below that then we we are in
13:58 price goes below that then we we are in
13:58 price goes below that then we we are in a uh failed fourth daily cycle and you
14:02 a uh failed fourth daily cycle and you
14:02 a uh failed fourth daily cycle and you get out and you just wait for the the
14:04 get out and you just wait for the the
14:04 get out and you just wait for the the ICL which would probably be do
14:08 ICL which would probably be do
14:08 ICL which would probably be do in sometime in
14:10 in sometime in
14:10 in sometime in February uh so so you're not going to
14:12 February uh so so you're not going to
14:12 February uh so so you're not going to risk much uh the the potential is that
14:16 risk much uh the the potential is that
14:16 risk much uh the the potential is that things are getting ready to go really
14:17 things are getting ready to go really
14:17 things are getting ready to go really parabolic and you're going to start
14:19 parabolic and you're going to start
14:19 parabolic and you're going to start making a lot of money really fast in the
14:21 making a lot of money really fast in the
14:21 making a lot of money really fast in the stock market and the risk is you're
14:24 stock market and the risk is you're
14:24 stock market and the risk is you're risking
14:25 risking
14:25 risking what one one and a half 2% at most uh on
14:31 what one one and a half 2% at most uh on
14:31 what one one and a half 2% at most uh on the trade if you put a stop right below
14:33 the trade if you put a stop right below
14:33 the trade if you put a stop right below here so that's how you trade it all
14:37 here so that's how you trade it all
14:37 here so that's how you trade it all right now let's go to
14:38 right now let's go to
14:38 right now let's go to energy all right you all know the rule
14:40 energy all right you all know the rule
14:40 energy all right you all know the rule the bigger the base the higher in space
14:42 the bigger the base the higher in space
14:42 the bigger the base the higher in space energy has been forming a very large
14:46 energy has been forming a very large
14:46 energy has been forming a very large base ever since the beginning of
14:50 base ever since the beginning of
14:50 base ever since the beginning of 2023 the question is when is it ready
14:52 2023 the question is when is it ready
14:52 2023 the question is when is it ready going to be ready to break out because
14:54 going to be ready to break out because
14:55 going to be ready to break out because right now we've been
14:56 right now we've been
14:56 right now we've been having um lower
14:59 having um lower
14:59 having um lower highs and lower lows so we're we're in a
15:06 highs and lower lows so we're we're in a
15:06 highs and lower lows so we're we're in a declining um declining
15:10 declining um declining
15:10 declining um declining phase
15:11 phase
15:11 phase [Music]
15:12 [Music]
15:12 [Music] and so far anyway this intermediate
15:17 and so far anyway this intermediate
15:17 and so far anyway this intermediate cycle appears to be left translated we
15:19 cycle appears to be left translated we
15:19 cycle appears to be left translated we haven't made a higher high but oil has
15:24 haven't made a higher high but oil has
15:24 haven't made a higher high but oil has made a higher high of this degree not
15:28 made a higher high of this degree not
15:28 made a higher high of this degree not really sure how to count these daily
15:31 really sure how to count these daily
15:31 really sure how to count these daily Cycles this is such a mess
15:34 Cycles this is such a mess
15:34 Cycles this is such a mess here and the reason why I didn't really
15:37 here and the reason why I didn't really
15:37 here and the reason why I didn't really want to trade
15:39 want to trade
15:39 want to trade oil um I could make a case I guess that
15:43 oil um I could make a case I guess that
15:43 oil um I could make a case I guess that maybe this this is a slightly lower low
15:47 maybe this this is a slightly lower low
15:47 maybe this this is a slightly lower low make a case that this is the daily cycle
15:49 make a case that this is the daily cycle
15:49 make a case that this is the daily cycle low and um and now we're in a a second
15:53 low and um and now we're in a a second
15:53 low and um and now we're in a a second daily cycle uh that is rallying and and
15:58 daily cycle uh that is rallying and and
15:58 daily cycle uh that is rallying and and then it at some point here this is
16:01 then it at some point here this is
16:01 then it at some point here this is probably going to top and come down and
16:03 probably going to top and come down and
16:03 probably going to top and come down and maybe test this lower range one more
16:05 maybe test this lower range one more
16:05 maybe test this lower range one more time and then after that I think I think
16:07 time and then after that I think I think
16:07 time and then after that I think I think you're all clear for
16:10 you're all clear for
16:10 you're all clear for energy uh in the
16:13 energy uh in the
16:13 energy uh in the meantime there might be a trade in
16:15 meantime there might be a trade in
16:15 meantime there might be a trade in energy especially again if the dollar
16:17 energy especially again if the dollar
16:17 energy especially again if the dollar rolls over so I I I don't want to jump
16:21 rolls over so I I I don't want to jump
16:21 rolls over so I I I don't want to jump in here uh and I'll show you
16:24 in here uh and I'll show you
16:24 in here uh and I'll show you why um this is why I'm I'm not really
16:28 why um this is why I'm I'm not really
16:28 why um this is why I'm I'm not really ready to Chase right here is because
16:30 ready to Chase right here is because
16:30 ready to Chase right here is because we're um severely
16:33 we're um severely
16:33 we're um severely overbought um you
16:36 overbought um you
16:36 overbought um you could possibly maybe maybe change this
16:39 could possibly maybe maybe change this
16:39 could possibly maybe maybe change this over to the threeyear or three-day RSI
16:42 over to the threeyear or three-day RSI
16:42 over to the threeyear or three-day RSI and when we get a pullback that that
16:44 and when we get a pullback that that
16:44 and when we get a pullback that that takes that 3day RSI back to an oversold
16:48 takes that 3day RSI back to an oversold
16:48 takes that 3day RSI back to an oversold level maybe that's your um your buy Zone
16:54 level maybe that's your um your buy Zone
16:54 level maybe that's your um your buy Zone to to try a long
16:56 to to try a long
16:56 to to try a long trade uh and maybe it's only going to be
16:59 trade uh and maybe it's only going to be
17:00 trade uh and maybe it's only going to be a short-term trade that lasts for a week
17:02 a short-term trade that lasts for a week
17:02 a short-term trade that lasts for a week or two but at the next intermediate
17:04 or two but at the next intermediate
17:05 or two but at the next intermediate cycle low I think it's probably going to
17:08 cycle low I think it's probably going to
17:08 cycle low I think it's probably going to be time to to give energy a try again if
17:12 be time to to give energy a try again if
17:12 be time to to give energy a try again if if you're you are interested in
17:15 if you're you are interested in
17:15 if you're you are interested in energy all right for Bitcoin looks to me
17:18 energy all right for Bitcoin looks to me
17:18 energy all right for Bitcoin looks to me like this is probably going to turn out
17:20 like this is probably going to turn out
17:20 like this is probably going to turn out to be a daily cycle
17:22 to be a daily cycle
17:22 to be a daily cycle low uh will
17:24 low uh will
17:24 low uh will this um daily cycle be the one that
17:27 this um daily cycle be the one that
17:27 this um daily cycle be the one that gives us that move to 120 or
17:29 gives us that move to 120 or
17:29 gives us that move to 120 or 130 um you could enter positions right
17:34 130 um you could enter positions right
17:34 130 um you could enter positions right here and put your stop right below the
17:35 here and put your stop right below the
17:36 here and put your stop right below the daily cycle low um bitcoin's pretty
17:40 daily cycle low um bitcoin's pretty
17:40 daily cycle low um bitcoin's pretty volatile and that's a would be a kind of
17:43 volatile and that's a would be a kind of
17:43 volatile and that's a would be a kind of a a larger percentage loss if this gets
17:46 a a larger percentage loss if this gets
17:46 a a larger percentage loss if this gets uh this DCL gets triggered so maybe you
17:51 uh this DCL gets triggered so maybe you
17:51 uh this DCL gets triggered so maybe you don't want to have a a very large
17:53 don't want to have a a very large
17:53 don't want to have a a very large position in this one but um that would
17:56 position in this one but um that would
17:56 position in this one but um that would be one way to trade it uh under under
17:59 be one way to trade it uh under under
17:59 be one way to trade it uh under under the um you know if you want to take a
18:02 the um you know if you want to take a
18:02 the um you know if you want to take a chance that that we've got one more
18:05 chance that that we've got one more
18:05 chance that that we've got one more advancing daily cycle here uh that will
18:09 advancing daily cycle here uh that will
18:09 advancing daily cycle here uh that will get back above 10,000 and then make that
18:11 get back above 10,000 and then make that
18:11 get back above 10,000 and then make that run to 120 to
18:17 130 price was not able to embed RSI in
18:21 130 price was not able to embed RSI in
18:21 130 price was not able to embed RSI in an over in a deeply oversold condition
18:24 an over in a deeply oversold condition
18:24 an over in a deeply oversold condition So based on the action in RSI here it
18:27 So based on the action in RSI here it
18:28 So based on the action in RSI here it still looks to me like we're in the
18:29 still looks to me like we're in the
18:29 still looks to me like we're in the advancing phase of of the intermediate
18:32 advancing phase of of the intermediate
18:32 advancing phase of of the intermediate cycle unless this rally comes up here
18:35 cycle unless this rally comes up here
18:36 cycle unless this rally comes up here tags overbought and immediately starts
18:37 tags overbought and immediately starts
18:38 tags overbought and immediately starts to decline again um if you see that
18:41 to decline again um if you see that
18:41 to decline again um if you see that start to happen you might even consider
18:43 start to happen you might even consider
18:43 start to happen you might even consider stopping out of of a Bitcoin trade even
18:46 stopping out of of a Bitcoin trade even
18:46 stopping out of of a Bitcoin trade even before it gets down here to this pivot
18:48 before it gets down here to this pivot
18:48 before it gets down here to this pivot but
18:50 but
18:50 but um this this would be my suggestion of
18:53 um this this would be my suggestion of
18:53 um this this would be my suggestion of how you could trade this if you wanted
18:55 how you could trade this if you wanted
18:55 how you could trade this if you wanted to uh trade this under the assumption
18:58 to uh trade this under the assumption
18:58 to uh trade this under the assumption that we're now ready to make that run to
19:00 that we're now ready to make that run to
19:00 that we're now ready to make that run to 120 or
19:02 120 or
19:02 120 or higher moving on to Metals I'm going to
19:04 higher moving on to Metals I'm going to
19:04 higher moving on to Metals I'm going to start with the weekly chart of the
19:06 start with the weekly chart of the
19:06 start with the weekly chart of the miners because we've got a bullish
19:09 miners because we've got a bullish
19:09 miners because we've got a bullish engulfing candle um this has been a
19:13 engulfing candle um this has been a
19:13 engulfing candle um this has been a fairly long intermediate
19:15 fairly long intermediate
19:15 fairly long intermediate decline this week was week 11 that's
19:18 decline this week was week 11 that's
19:18 decline this week was week 11 that's that's plenty long enough um and maybe
19:21 that's plenty long enough um and maybe
19:21 that's plenty long enough um and maybe even a little on the long side for an
19:23 even a little on the long side for an
19:23 even a little on the long side for an intermediate decline so you know I know
19:26 intermediate decline so you know I know
19:26 intermediate decline so you know I know as these things drag out like this more
19:29 as these things drag out like this more
19:29 as these things drag out like this more and more people become desponded and
19:31 and more people become desponded and
19:31 and more people become desponded and discouraged and they start
19:35 discouraged and they start
19:35 discouraged and they start assuming you know targets that are that
19:38 assuming you know targets that are that
19:38 assuming you know targets that are that are much much
19:40 are much much
19:40 are much much lower but I I don't I don't think we
19:43 lower but I I don't I don't think we
19:43 lower but I I don't I don't think we should get into that mindset we are
19:46 should get into that mindset we are
19:46 should get into that mindset we are remember we are in the advancing phase
19:48 remember we are in the advancing phase
19:48 remember we are in the advancing phase of a new 8-year cycle and so we got
19:52 of a new 8-year cycle and so we got
19:52 of a new 8-year cycle and so we got oversold we you know obviously broke the
19:55 oversold we you know obviously broke the
19:55 oversold we you know obviously broke the the intermediate uh trend line um
20:00 we we turned the 10we moving average
20:03 we we turned the 10we moving average
20:03 we we turned the 10we moving average down um again we got uh we got very
20:09 down um again we got uh we got very
20:09 down um again we got uh we got very oversold and we don't we really we don't
20:12 oversold and we don't we really we don't
20:12 oversold and we don't we really we don't need to go deeper this has basically
20:15 need to go deeper this has basically
20:15 need to go deeper this has basically fulfilled all of the normal
20:17 fulfilled all of the normal
20:17 fulfilled all of the normal requirements uh to complete an
20:20 requirements uh to complete an
20:20 requirements uh to complete an intermediate cycle low and now on on
20:22 intermediate cycle low and now on on
20:22 intermediate cycle low and now on on week 11 we've got a bullish engulfing
20:26 week 11 we've got a bullish engulfing
20:26 week 11 we've got a bullish engulfing candle
20:28 candle
20:28 candle I think this is going to turn out to be
20:31 I think this is going to turn out to be
20:31 I think this is going to turn out to be the intermediate bottom in the miners
20:33 the intermediate bottom in the miners
20:33 the intermediate bottom in the miners and if it's the bottom in the miners
20:34 and if it's the bottom in the miners
20:34 and if it's the bottom in the miners it's also going to be a bottom in silver
20:36 it's also going to be a bottom in silver
20:36 it's also going to be a bottom in silver and um and well pretty sure gold is in a
20:43 and um and well pretty sure gold is in a
20:43 and um and well pretty sure gold is in a triangle so the bottom in Gold I think
20:45 triangle so the bottom in Gold I think
20:45 triangle so the bottom in Gold I think probably occurred on November
20:47 probably occurred on November
20:47 probably occurred on November 14th uh now we've got some resistance to
20:52 14th uh now we've got some resistance to
20:52 14th uh now we've got some resistance to get through so let me go to the Daily
20:54 get through so let me go to the Daily
20:55 get through so let me go to the Daily charts and we'll start with gold well
20:58 charts and we'll start with gold well
20:58 charts and we'll start with gold well first off off here's the weekly chart
20:59 first off off here's the weekly chart
20:59 first off off here's the weekly chart and you can see gold is is repeatedly
21:02 and you can see gold is is repeatedly
21:02 and you can see gold is is repeatedly testing this 10we moving
21:04 testing this 10we moving
21:05 testing this 10we moving average I suspect next week we're going
21:07 average I suspect next week we're going
21:07 average I suspect next week we're going to break above it now let me go to the
21:09 to break above it now let me go to the
21:09 to break above it now let me go to the um to the Daily
21:12 um to the Daily
21:12 um to the Daily charts
21:15 charts
21:15 charts um and um you can see where well you can
21:21 um and um you can see where well you can
21:21 um and um you can see where well you can see what's happening here the the cartel
21:23 see what's happening here the the cartel
21:23 see what's happening here the the cartel is trying to stop this rally at the
21:26 is trying to stop this rally at the
21:26 is trying to stop this rally at the 50-day moving average just just like
21:28 50-day moving average just just like
21:28 50-day moving average just just like they did right here and you know we had
21:32 they did right here and you know we had
21:32 they did right here and you know we had something very similar back here at at
21:34 something very similar back here at at
21:34 something very similar back here at at 2550 I think it what what was it like 14
21:37 2550 I think it what what was it like 14
21:37 2550 I think it what what was it like 14 attempts it took to to break through
21:39 attempts it took to to break through
21:39 attempts it took to to break through this 20 2550 which is exactly where this
21:42 this 20 2550 which is exactly where this
21:42 this 20 2550 which is exactly where this bottom so the cartel fought tooth and
21:45 bottom so the cartel fought tooth and
21:45 bottom so the cartel fought tooth and nail to stop the rally here finally you
21:48 nail to stop the rally here finally you
21:48 nail to stop the rally here finally you know failed and then we we finished the
21:51 know failed and then we we finished the
21:51 know failed and then we we finished the rally and that that
21:54 rally and that that
21:54 rally and that that seems logical to me that this is where
21:56 seems logical to me that this is where
21:56 seems logical to me that this is where this is is going to bottom and probably
21:59 this is is going to bottom and probably
21:59 this is is going to bottom and probably did bottom but they're going to fight
22:01 did bottom but they're going to fight
22:01 did bottom but they're going to fight tooth and nail again to try and stop
22:03 tooth and nail again to try and stop
22:03 tooth and nail again to try and stop gold from getting back above this 50-day
22:06 gold from getting back above this 50-day
22:06 gold from getting back above this 50-day moving average so hopefully we don't
22:09 moving average so hopefully we don't
22:09 moving average so hopefully we don't have to fight with this too terribly
22:12 have to fight with this too terribly
22:12 have to fight with this too terribly long because I would I would like to see
22:14 long because I would I would like to see
22:14 long because I would I would like to see this finish the move up here over the
22:16 this finish the move up here over the
22:16 this finish the move up here over the next couple weeks and uh we can make
22:18 next couple weeks and uh we can make
22:18 next couple weeks and uh we can make some decent money on those uh January
22:20 some decent money on those uh January
22:20 some decent money on those uh January GDX
22:22 GDX
22:22 GDX calls which I still think we will and
22:25 calls which I still think we will and
22:25 calls which I still think we will and we've got massive leverage on those
22:27 we've got massive leverage on those
22:27 we've got massive leverage on those right now because we've only got a
22:29 right now because we've only got a
22:29 right now because we've only got a couple of weeks left so if if GDX were
22:31 couple of weeks left so if if GDX were
22:31 couple of weeks left so if if GDX were to Rally $2 or3 we're going to make a
22:33 to Rally $2 or3 we're going to make a
22:33 to Rally $2 or3 we're going to make a whole lot of money on those GDX uh calls
22:37 whole lot of money on those GDX uh calls
22:37 whole lot of money on those GDX uh calls we just need gold to um to break this
22:41 we just need gold to um to break this
22:41 we just need gold to um to break this suppression and get back above the
22:44 suppression and get back above the
22:44 suppression and get back above the 50-day moving average pretty quick if if
22:46 50-day moving average pretty quick if if
22:46 50-day moving average pretty quick if if it does that the the banks are going to
22:47 it does that the the banks are going to
22:47 it does that the the banks are going to be forced to cover and when they do
22:50 be forced to cover and when they do
22:50 be forced to cover and when they do it'll it'll really ignite this
22:53 it'll it'll really ignite this
22:53 it'll it'll really ignite this rally and uh on the silver here and you
22:56 rally and uh on the silver here and you
22:56 rally and uh on the silver here and you can see you know we we've got uh you
22:58 can see you know we we've got uh you
22:58 can see you know we we've got uh you know a war going on here that the banks
23:00 know a war going on here that the banks
23:00 know a war going on here that the banks are desperately trying to get this back
23:02 are desperately trying to get this back
23:02 are desperately trying to get this back below
23:03 below
23:03 below $30 uh they failed on Friday to they
23:08 $30 uh they failed on Friday to they
23:08 $30 uh they failed on Friday to they failed to drive it back below $30 they
23:10 failed to drive it back below $30 they
23:10 failed to drive it back below $30 they also failed to drive it back below the
23:12 also failed to drive it back below the
23:12 also failed to drive it back below the the 10day moving average which is
23:13 the 10day moving average which is
23:13 the 10day moving average which is starting to turn up and that's going to
23:16 starting to turn up and that's going to
23:16 starting to turn up and that's going to bring in more technical buyers so
23:18 bring in more technical buyers so
23:18 bring in more technical buyers so I I still think that cartel is just
23:22 I I still think that cartel is just
23:22 I I still think that cartel is just about to to
23:25 about to to
23:25 about to to lose
23:27 lose
23:27 lose um the the suppression I think is is
23:30 um the the suppression I think is is
23:30 um the the suppression I think is is just about to break in the silver market
23:32 just about to break in the silver market
23:32 just about to break in the silver market and as I've noted this week if this may
23:36 and as I've noted this week if this may
23:36 and as I've noted this week if this may be different this time it may not be
23:38 be different this time it may not be
23:38 be different this time it may not be that silver waits to the end of the
23:39 that silver waits to the end of the
23:39 that silver waits to the end of the intermediate cycle to to really take off
23:42 intermediate cycle to to really take off
23:42 intermediate cycle to to really take off if if this
23:44 if if this
23:44 if if this suppression uh does break and we get if
23:48 suppression uh does break and we get if
23:48 suppression uh does break and we get if we get a higher high next week then I
23:50 we get a higher high next week then I
23:50 we get a higher high next week then I it's probably going to be game on and I
23:53 it's probably going to be game on and I
23:53 it's probably going to be game on and I think the cartel is going to have to to
23:55 think the cartel is going to have to to
23:55 think the cartel is going to have to to cover which is going to give
23:56 cover which is going to give
23:56 cover which is going to give silver uh even more momentum and so this
24:01 silver uh even more momentum and so this
24:01 silver uh even more momentum and so this could turn out to be the exact opposite
24:03 could turn out to be the exact opposite
24:03 could turn out to be the exact opposite of what we normally see we could see
24:05 of what we normally see we could see
24:05 of what we normally see we could see silver lead during this intermediate
24:07 silver lead during this intermediate
24:07 silver lead during this intermediate cycle and uh when the suppression breaks
24:10 cycle and uh when the suppression breaks
24:10 cycle and uh when the suppression breaks in silver we're going to see a short
24:12 in silver we're going to see a short
24:12 in silver we're going to see a short covering rally similar to what we saw in
24:15 covering rally similar to what we saw in
24:15 covering rally similar to what we saw in Gold when gold broke the suppression at
24:18 Gold when gold broke the suppression at
24:18 Gold when gold broke the suppression at 2,000 and then it produced an 800 Point
24:21 2,000 and then it produced an 800 Point
24:21 2,000 and then it produced an 800 Point rally uh I think we'll see something
24:24 rally uh I think we'll see something
24:24 rally uh I think we'll see something very similar um I still think
24:28 very similar um I still think
24:28 very similar um I still think I think $45 is probably pretty likely
24:32 I think $45 is probably pretty likely
24:32 I think $45 is probably pretty likely this year uh so anybody holding SLV
24:35 this year uh so anybody holding SLV
24:35 this year uh so anybody holding SLV leaps is is going to make a lot of money
24:37 leaps is is going to make a lot of money
24:37 leaps is is going to make a lot of money in those leaps this year and um if I'm
24:41 in those leaps this year and um if I'm
24:41 in those leaps this year and um if I'm correct and the suppression in the
24:42 correct and the suppression in the
24:42 correct and the suppression in the silver market breaks then I think $50 is
24:47 silver market breaks then I think $50 is
24:47 silver market breaks then I think $50 is is not out of the question and maybe
24:49 is not out of the question and maybe
24:49 is not out of the question and maybe even as high as $60 by year
24:51 even as high as $60 by year
24:51 even as high as $60 by year end
24:53 end
24:53 end um but we'll have to take this one day
24:55 um but we'll have to take this one day
24:55 um but we'll have to take this one day at a time and the first thing we need to
24:57 at a time and the first thing we need to
24:57 at a time and the first thing we need to do silver has to has to continue to hold
24:59 do silver has to has to continue to hold
24:59 do silver has to has to continue to hold this 10 10day moving average and it
25:02 this 10 10day moving average and it
25:02 this 10 10day moving average and it needs to make a higher high once it
25:04 needs to make a higher high once it
25:04 needs to make a higher high once it makes a higher high technical traders
25:06 makes a higher high technical traders
25:06 makes a higher high technical traders are going to start buying and the cartel
25:08 are going to start buying and the cartel
25:08 are going to start buying and the cartel is going to be on the run and they're
25:10 is going to be on the run and they're
25:10 is going to be on the run and they're going to have to cover and uh when they
25:12 going to have to cover and uh when they
25:12 going to have to cover and uh when they cover in silver being it's a as it's a
25:15 cover in silver being it's a as it's a
25:15 cover in silver being it's a as it's a thin Market uh we could get some some
25:18 thin Market uh we could get some some
25:18 thin Market uh we could get some some serious upside momentum going uh pretty
25:21 serious upside momentum going uh pretty
25:21 serious upside momentum going uh pretty quickly in the silver market
25:24 quickly in the silver market
25:24 quickly in the silver market so uh things are looking good um
25:29 so uh things are looking good um
25:29 so uh things are looking good um in a lot of markets and I think we just
25:32 in a lot of markets and I think we just
25:32 in a lot of markets and I think we just need to kind of wait and see what
25:34 need to kind of wait and see what
25:34 need to kind of wait and see what happens with the currencies if if the
25:36 happens with the currencies if if the
25:36 happens with the currencies if if the dollar does in fact turn down maybe
25:39 dollar does in fact turn down maybe
25:39 dollar does in fact turn down maybe makes a a weekly swing high if the Euro
25:42 makes a a weekly swing high if the Euro
25:42 makes a a weekly swing high if the Euro makes a weekly swing low that would
25:45 makes a weekly swing low that would
25:45 makes a weekly swing low that would maybe be some confirmation that the
25:47 maybe be some confirmation that the
25:47 maybe be some confirmation that the currencies are ready to give us some
25:49 currencies are ready to give us some
25:49 currencies are ready to give us some counter Trend moves
25:51 counter Trend moves
25:51 counter Trend moves for month and a half two months and if
25:55 for month and a half two months and if
25:55 for month and a half two months and if that's the case then I think U we could
25:57 that's the case then I think U we could
25:57 that's the case then I think U we could be Off to the Races
25:58 be Off to the Races
25:58 be Off to the Races uh maybe in a lot of markets uh for us
26:01 uh maybe in a lot of markets uh for us
26:01 uh maybe in a lot of markets uh for us in particular I think most of us are
26:04 in particular I think most of us are
26:04 in particular I think most of us are mostly focused on the
26:07 mostly focused on the
26:08 mostly focused on the metals some people I'm sure are focused
26:10 metals some people I'm sure are focused
26:10 metals some people I'm sure are focused on bitcoin and a few of you only have
26:13 on bitcoin and a few of you only have
26:13 on bitcoin and a few of you only have the ability to invest in the stock
26:15 the ability to invest in the stock
26:16 the ability to invest in the stock market in your 401ks and so I know it's
26:20 market in your 401ks and so I know it's
26:20 market in your 401ks and so I know it's a little bit tough to to use stops in a
26:23 a little bit tough to to use stops in a
26:23 a little bit tough to to use stops in a 401k you don't really have a good
26:25 401k you don't really have a good
26:25 401k you don't really have a good solution for that if you can just trade
26:27 solution for that if you can just trade
26:27 solution for that if you can just trade the S&P and your
26:28 the S&P and your
26:28 the S&P and your and you are you willing to do that like
26:30 and you are you willing to do that like
26:30 and you are you willing to do that like I said you
26:31 I said you
26:31 I said you could have a pretty close stop and use
26:35 could have a pretty close stop and use
26:35 could have a pretty close stop and use that under you know if you want to roll
26:39 that under you know if you want to roll
26:39 that under you know if you want to roll the dice and and assume that we just
26:42 the dice and and assume that we just
26:42 the dice and and assume that we just completed a very shallow I and we're
26:47 completed a very shallow I and we're
26:47 completed a very shallow I and we're about to kick off a final you know
26:50 about to kick off a final you know
26:50 about to kick off a final you know really parabolic type bubble phase over
26:52 really parabolic type bubble phase over
26:52 really parabolic type bubble phase over the next
26:54 the next
26:54 the next uh maybe six to8 months