gold news

 hey guys I have a lot of things to say about the election but I also want to mention that this afternoon the Federal Reserve is going to lower interest rates maybe quarter point maybe half a point doesn't matter they're going to lower rates a bit just part of the rate lowering campaign they're on so that'll be this afternoon so I'm talking about it now the decision will be out by the time you see this video I imagine I'm also going to tell you about the stock market trade that I'm thinking about

making it was going to be today but it'll be too late by the time I'm done talking on this video maybe tomorrow the trade I'm going to make I'm going to talk about in this video so as I mentioned the Federal Reserve is going to make a decision about interest rates this afternoon and they lower rates a little bit just as part of the process of bringing the rates down because they believe that inflation has come down so much and it's all ironic because inflation will go a lot higher for a

various number of reasons one of which is the amount of money they're going to be creating pretty soon to cover over all of the operating deficit and debts that we have going on just for the carrying cost on the debts we need to come with a trillion dollars every year right now and it's only growing from here but about the election I wanted to say that the polls it shows you the polls don't know what they're talking about all these polls last three elections now have been ridiculously off

base so that goes into talking about why spend all that time watching this on MSNBC or whenever just people talking and talking if Harris does this and Trump does that and this voting group in this little County here and there and you waste hours and hours just watching this stuff and watching the polls and talking about the polls and it's even in my book I'm thinking hang on a second I tell you what you can do with all the time you're saving by not watching this stuff and people telling

you about their daughter's dance recital outcome that you don't really care about and they're just talking to you wasting your time I have a whole section on that in that book think of all the time you spent watching what could happen in the election and it was mostly all of it or all of it was completely off base you Wast that time think of what you could have been doing in that time instead of that but then Donald Trump got elected and you saw the results of that you saw the markets go up like Gang Busters

across the board besides precious metals just about everything else was going through the roof but even cryptocurrencies because he's a pro cryptocurrency president so that's being a win in the sales of cryptocurrencies but one thing I'd be concerned about coming up is the tariffs as you know the tariffs will probably be pretty significant and what that is is you go to buy a plastic swimming pool for your kid from Walmart and then if there's a tariff on that that means that you pay

an extra amount of tax on that so you pay more than you would i' because you're buying from a tariffed country you're buying from China so now your $10 swimming pool is $12 it's the American citizens that are going to be paying the tariffs I'm not saying they're bad they can be really useful in a lot of ways I think that the main focus of any any country right now should be to try to get most production in house bring everything back all this globalization's been great in a lot of

ways but there's something to be said for a country producing things if America makes so many cars and sells them to everybody in the world then America is growing in wealth makes the quality of life for American citizens better because they're from a more active and successful economy this thing about I'm using China as an example it could be tariffs against Canada Mexico anyone but the main focus of the tariffs will be towards China and China does not need America but it's really helpful but

how much business does China do with America the answer is $551 billion who's in second place that would be Hong Kong with 276 billion but Hong Kong is just a part of China it's like saying Quebec or Hawaii so I count that as part of China I do and next would be Japan 178 billion then Germany 152 billion South Korea 150 billion but I believe if you take all the countries in the Euro Zone that adds up to a lot more than the amount of trade between China and United States there more trade between China and

Europe but in terms of individual country the biggest country that trades with China is America I've long said just like in Venezuela the stock market is going to be driven up by increasing liquidity when they make more money and there's more money going going around chasing down houses and stocks and pieces of artwork and precious metals and base metals and general Commodities like pork bellies and cotton when there's more money going around doing that it makes everything cost more so

stocks will continually get pushed higher as long as the liquidity expands until we have an event and these things can happen when no one's expecting it and right now there is so much optimism and I always tell you guys that investor sentiment is a contrarian indicator everybody to a man is talking about how much High the stock market will now go that's what gives me cost for concern and as I tell you I'm not saying the stock market will not go 10 20,000% higher I'm saying the higher it goes the

further will fall back when it comes back down the elevator I don't want to be sitting there active in a lot of these high flying stocks at a time when things do turn around which may be tomorrow maybe 177 years from now but it'll happen and I want to be invested in real money things like Precious Metals which is money things that have value actual things and I had a question yesterday about what do you think about Chevron you like that kind of stock and I said yes I own it personally my own

portfolio I believe everyone should own some oil and natural gas stocks energy production stocks always and as subscribers to the Peter lead's newsletter no my portfolio personally we're looking at about I think 25 30% of my investments are related to oil and energy and almost all of the rest is all related to gold mining Silver mining physical precious metals and other Investments that will benefit as precious metals prices rise but I'm not predicting a date for when the market will crash but I am telling you that

it's almost like there's a bubble and you're asking how big is the bubble going to get I have no idea is this inflating right now it's much too big it will eventually pop all bubbles pop right now it's really extreme could have get more extreme yeah just like it did in Doom Buble sure it can just keep on expanding until it does it and that's when everything goes back to I say reality but it'll actually go well past reality It'll overcorrect like a pendulum as I always tell you right now

I just I watch things personally like when there's too much greed not enough fear way too much complacency sort of like now tremendous overvaluations as Warren Buffett would tell you right now or these articles I've mentioned before about the bizarrely overvalued stock market and if the stock market's bizarrely overvalued and it goes up another 5% people might say Hey you were wrong about the bizarrely overvalued stock market it didn't crash like you warned about and just to be clear that

wasn't my article I'm talking about I'm referencing an article I showed you guys to sort of make the argument that I'm trying to present here you're not wrong to be early although being early sometimes can be wrong if you're talking about being a Trader but if you know that a train's going to derail it doesn't matter if you get off the train on the first stop or the 10th stop as long as you get off the train before it derails and to address all this economic strength that everybody's touting the

fact that you have to keep saying it means that it's probably not true the fact is even you look at your own personal situation look at it you could live off your credit card you could spend everything on a credit card that's just bottomless just keep putting everything on that credit card all the way to the Moon you can say if I have something I want to buy I just put on the credit card and all of a sudden you feel pretty wealthy you feel like you got everything under control and you're

just increasing in amount of debt which does become problematic it grows to a point where we're wasting money so as I tell you that we spend a trillion dollar a year just to pay off the carrying costs on the debts you say well why would we have to pay debts at all the problem is that a lot of the debt the majority of it is owed to American citizens and also if we are going to def fault we're not going to say pay all the trillions will to China or to Japan not trillions anymore but billions we don't

pay those billions back then all of a sudden the whole world sees wait a minute they've defaulted on the currency and the value of the dollar will just collaps interest rates will Spike instantly everything will get more expensive carrying costs on your auto loan your mortgage your credit card that's why you don't want to default and I know that the arguments is that well United States will never default fault cuz we have the printing press we'll just print as much money as we need

that's what I'm worried about it's being done before you know we can see what's happened in other times when you just create new money you create more of anything it all becomes worth less each individual piece of it is worth less because there's more of it if there's $1,000 the dollars are very valuable if there's 10 billion dollar each dollar is not as valuable as if there's only a thousand even with big coin the value is in the scarcity there's only so many Bitcoin available

and that's why it's locked into something real scarcity that's going to hold up its value unlike something that's unlimited which is most of the altcoins they could just be created ad nauseum so we've got this complacency we've got this economy living off of debt there's a major Detachment between the stock market in the economy where used to be very close where the stock market's made up of a bunch of companies in the economy when they do well because the economy is doing well the stock

market does well because the stocks of those companies do well right now that's completely unrelated how the stock market does it's manipulated it's unrelated to how the underlying companies are doing that's why when the economy is suffering so much the stock market keeps on going higher everybody is chasing small gains here and there they don't want to miss out on anything that's why they're all getting into this stamped at the same time but that detach the further it gets I've been talking

about it for a long time and it keeps on getting bigger every time I talk to you about it the bigger that gets it's a sign of concern for an economy which is the same thing for things like say income inequality would you see as that gets greater and greater the CM between different income brackets grows and grows the Detachment between stocks and the economy expands and expands all of this is a sign of concern the way I look at it I watch this stuff happening or people all of a sudden are unable to pay

their auto loans they're seeing record default levels you watch this stuff and you realize and you feel it too this economy is not strong and they can tell you it and tell you it and tell you it but they protest too much and I've been hearing talk about some of the stuff I've been reading and listening to lately about that being kind of like a sucker rally and I'm not saying I am not saying that it was a sucker's rally I'm saying that that's the talk and I could understand some of the arguments in that

regard it's not technically a sucker rally I don't feel it's that but I believe a lot of people saw the commotion the massive move and they jumped in and they might regret it later maybe they won't maybe I'm completely off base here well like I said I'm trying to get off a train that I know is going to derail and you don't need to try and get to the furthest stop before it derails you can just get off of a train now and then go about looking for opportunities now on the ground

while the train Kens down the tracks to a point that you know I believe if you watch this channel if you understand the economy as it clearly is being demonstrated you understand that this train has got one destination you don't want to be on the train all that time well the thing that makes it worse with a sucker rally if is or if it's just a stampede is that if you're sitting in a public place people walking by and all of a sudden everyone starts running in One Direction One Way if a lot of people

are running in One Direction most people will get up and run with even before they know what's going on and by the way I forgot to mention if you want a copy of that upth thinkinking book hard cover well you can get a digital or audio copy be listening to it today just go to Peter leads.com or if you want the hard cover version you not only get the audio and the digital versions but I will mail you that book and sign it to you anywhere in the world at my cost for the shipping I mean I'll

pay the shipping you're not getting the book free but this big stock market rally you're seeing is because of obviously Trump getting elected will have certain impacts on various businesses it'll be better for some like cryptocurrencies oil companies it'll be worse for others like solar power companies and there's a lot of talk about how if there's a lot less green energy fewer solar panels being made there'll be less demand for silver and I always say don't worry about gold and

don't worry about silver ever especially silver and especially right now if the entire world came together and said no more solar power anywhere in the world at all and that entire demand disappeared there will still be millions of ounces of silver every year needed or demanded than the amount of silver being produced and as I said in a recent video even in a heatwave the price of sweaters will increase if there's more demand than Supply and the one thing the election did is that it really held

everyone's focus and I don't it held my own Focus too I don't blame anyone for focus on this election it was very pivotal but while you're watching that what are you not watching and that's the thing A lot of people are forgetting maybe they're not forgetting but they're not paying the same attention to it or they're tired of the same event going on and on they're just not paying the right kinds of attention the war the hot war in Middle East is heating up at a pretty quick Pace right

now there's bombs going off all over the place and as I said in the special Peter Leeds Insider exclusive email I sent out the other day what I said was what a moment in time and I was talking about the presidential election which that was written the day before the election so this is now after and then I said secondly there's being another statement by Iran that they're going to launch an unimaginable strike against Israel and went not to say that the real significance of this highly likely event

will be all about Israel's response to it I believe Iran when they say that they're going to attack Israel they say they are so they're either going to they not not attack or they say they are and they're going to attack which I imagine they will and I believe that you also imagine that when they do attack Israel again Israel will hit them back with such a tremendous Counter Strike that it will be incredibly pivotal to you there's three main targets that they might hit if they're going to escalate

or rise on the escalation ladder we're talking about regime change I mean they're targeting enemies in bedrooms they know where these guys are it wouldn't be too hard to know exactly what room the ayatolla is in at any point in time especially with the technologies that Israel has if they don't hit or try to strike for regime change then they might hit the nuclear facilities and if they don't do that they might hit the oil production facilities or the refineries or any combination of the three what I said was

in any of these three cases mentioned oil prices will Spike and this is fun here I said I went out to say and Donald Trump may win the presidency and that alone will increase the chances of Israel making a massive military statement they may do that even with the Harris presidency but the reason I said that about Donald Trump is because he's very friendly to Israel militarily for sure so maybe they'd feel like they have a closer powerful Ally in Donald Trump and sort of do some things they might

not have done under a different presidency but the reason I want to read you this thing I wrote for the Insiders is because the last paragraph right here I'm going to tell you about because it still applies to how I feel right now even after the election but what I had said was the next few weeks will be a time to watch and observe these two significant events and then react based on what happened in each of them and again like I said in the up thinking book you don't need to know who's going

to win the presidency even if you try not to find out you're going to find out so don't even obsess about it don't watch the news about polling conversations and focus on it so much just wait and see what happens and then react to it same thing with Iran strike on Israel and therefore the tremendous Israeli Counter Strike it's all about that Counter Strike what they do how they do it how powerfully they do it will change so many things that's why I say like I mentioned earlier when the gentleman asked me

about Chevron always owned some oil and gas companies just because of the way they can spike in any kind of tremendous military event instantly prices of oil could go up $20 a barrel you don't want to be chasing that move you want to be positioned ahead of time and then if it happens you're in a good place in my opinion this is not personalized trading advice for you I don't know anything I'm wrong 100% of the time and just before I tell you about the stock trade I'm going to make probably

tomorrow and I'll tell you more details about it in the Peter leads newsletter of course but I will tell you on this video for free before I do that I want to mention that tax loss selling season has begun this is a especially common in the world that I dwell in the world of penny stocks stocks $5 and less per share but I'm talking about the ones that I really focus on $2 and less per share is what my bread and butter is they get highly affected by tax law selling especially because they're

thinly traded in many cases what happens is that if there's a stock that dropped over the year in value investors can sell those shares take the loss on paper or realize that loss from paper to reality and use that loss to offset other gains they might have made with other stocks so what happens that you have a whole bunch of thinly traded stocks that get artificially sold even harder and the prices go to even more undervalued levels so if you got your eye on any of these stocks that we're looking at these

thinly traded companies that are getting driven lower the time to start looking for bargains and tax loss selling season is right now now you waited long enough my trade tomorrow will be lightening my load selling some more gold mining companies and I know you say but don't you think gold prices are going to go higher yeah they're going to go a lot higher and these stocks are going to do really well some of them though in short-term time frame may drop in value from time to time and we've had a really good run

made tremendous profits I don't want to just leave all the profits on the table I want to take some of the profits and only because I have such an array of gold mining companies and Investments it makes sense for me to lighten the load in some of them to a certain degree right now and as you saw yest yesterday Donald Trump got elected prices of gold went down something like $40 or $80 an ounce and again I say don't even worry about gold and even today actually we'll take a look at it right now Gold's up

$28 an ounce Silver's up almost 2% crypto currencies are flat oil's flat the markets are flat s nasdaq's up 1.37% pretty good but everyone is waiting to see what the FED does even though everybody already knows including you and I we already know pretty much where the going to do consider becoming a Peter leads Insider Peter leads.com insiders please click like so that we can share these videos to more people and subscribe to this Channel and then learn more about the Peter leed's

ne wsletter I imagine that's a little bit of a task list for you to concentrate on just between you and I don't do anything if you don't want to