[Music] hi and welcome to this video I've got Alan hid with me once again Allan how are you doing I'm great Mike thanks how are you good so this is the weekly wrapup you've put it all together and I haven't s een any of it yet so go ahead and present what happened this week the most important things of what happened this week sure my pleasure Mike well I want to start with the number of the week and that is 250 250 do do you know what that is Mike I have absolutely no clue okay well


I'm going to tell you in a minute I want to give you some other stuff first but I do want to say that I think you actually know what this number is you just don't realize it so we we'll come back to it okay so I want to start with thinking yeah think about it I want to start with the the headline of the week uh and this might not this is definitely not what you're thinking fed's favorite inflation indicator slides to 30-month lows savings rate ticks higher so there is something I want to talk about in this


video in just a second but first I want to comment on inflation because this could easily get lost let's not forget that when we get our inflation numbers like we got this week and the fed's favorite inflation is core pce that strips out two of the most important things to a human being food and energy food and energy they strip that out and right the the only things that you actually have to have to survive food energy and uh in some measures they strip out housing yes exactly anything


that keeps you alive they ignore yes and the numbers are still going up once you take out the basic survival uh needs so anyways that that's our headline of the week even though even though prices are moving up they're not moving up as much as they have in the past and of course this ignores the basic necessities of life and I want to I want to remind everyone just how important these things are food and energy strip out food and energy and food actually is energy it's energy for humans and then energy as we think about


it is energy for machines basically so it's energy every every way you think about it and that leads to the quote of the week if you want to find the secrets of the universe think in terms of energy frequency and vibration this is from Nicola Tesla one of my favorite quotes of all time I've been thinking this way for years thinking in terms of energy and Mike you and I talk about economic energy we talk about the pent up energy in Precious medals gold and silver you got to think in terms of energy and


that's actually the big story of the week it's about gold and silver it's about that economic energy and the Tweet of the week comes from Tavi Costa he says the monthly close in gold prices at all-time highs makes silver one of the most important charts in macro right now so gold and silver the two the two big things to focus on Silver just broke out from a decade long resistance after three years of major consolidation it sure looks like precious metals have turned and the bottom for minors and


silver are probably in what do you think Mike uh I think that this is uh um yeah this it's amazing uh there is on this also an inverse Head and Shoulders pattern but for anybody looking at this chart the little Wicks on these candles are the uh daily oscillations and the top and bottom of the thick part of the body is the open and close uh depending on whether it's uh green it opens and it goes up and closes higher and if it's red it opens and then closes lower um and uh so yes uh you you would draw a


line right across the tops of the thick part of the bodies for the cloes and this is definitely a breakout uh with silver we have now surpassed that inverse Head and Shoulders pattern and um if gold continues to confirm I don't know if you've got a gold chart next or not but uh you know there are in in a separate video uh we'll go over some of this and U uh because there's other uh indicators that have absolutely confirmed so what else yeah absolutely so so gold did set some records this


week it's worthy of a whole separate video um but yeah I mean the Federal Reserve can ignore energy all they want but the markets will not ignore energy because it's a basic fact of life gold and silver are showing those signs of the finally pushing through setting new records setting new highs whether whether the Federal Reserve pays attention or Not So speaking of gold and silver if you want to convert your economic energy from currency into money what better place than goldsilver.com of


course it's our website of the week as it is every week uh you can buy precious metals buy jewelry and of course you can stay informed on industry news so got some great articles here Treasury Market continues to scream a recession ahead another treasury auction met with poor demand no one wants to buy U us treasuries surge in continuing jobless claims hits highest level in two years I mean yeah if you just pay attention to what the Federal Reserve says things are fine things are fine but if you actually


pay attention things are not that art that article on the treasury auction met with poor demand um when they can't sell enough treasuries there's only two solutions and and one is to offer them at a higher interest rate to entice the buyers so when you have a treasury fail when they when there are treasuries that that are offered for auction and they don't actually get uh sold purchased by investors uh that is a a bad sign it's a sign that they need to offer higher interest rates and the only way to get


them to come down so if there is a crisis the way to get them to come down is for the Federal Reserve to be the buyer then they can set any when when you've got unlimited Demand by typing in unlimited numbers you know currency digits F at currency digits uh then you can bring interest rates anywhere you want so but all of this is good news for gold and silver exactly exactly it is all it all it's all good news and so yeah so for anyone listening if you want to get this news right in your inbox you


can go to our website and sign up for the newsletter it'll take out a step in the future you'll get everything uh right in your inbox like I said so yeah so I want to revisit the number of the week 250 I don't know I don't know I had some clues in here Mike do you know what this is I dropped some Clues I still have not figured it out sorry it'll makees it'll only make sense in hindsight um but I had a quote from Nica Tesla because 250 is the price of a down payment on a brand new Tesla cyber truck oh $250


that's all it takes and you can get it delivered in 2024 my down payments were $100 because I ordered it the uh second day after it was uh unveiled and uh uh yeah it's 0 to 60 in 2.6 seconds they showed on the unveil uh it drag racing a Porsche 911 and then when it crosses the Finish Line they show that the the Cyber truck beat the porsa 911 but it was also another Porsche 911 on a trailer yes and it still beat the Porsche 911 so this is a cyber Beast yes absolutely it is so it'll it'll run


about a 100 Grand depending on options there are cheaper options available depending how you customize it but if you go to the Tesla website you can only pay $250 today so this is freedom this is energy this is the future it's exciting to see even if you don't like Elon Musk or Tesla or the cybertruck or the design I mean you got to be a fan of freedom and capitalism I mean this is just great they run uh60 to $100,000 is the price range currently yeah yeah awesome so that's all I got for today


Mike out of here okay well I want to thank everybody for watching and thank you Allan for creating a a weekly wrapup and uh we will see you next time thanks hi I just wanted to tell you about gold Silver's 111 oce silver giveaway where you can winwin win 111 one 1 o silver bar one 10 o silver bar and one 100 o silver bar so enter today and win