gold news

 there are two topics that you never want to talk about on your YouTube channel unless it's about that particular thing but the two things I always avoid are religion and politics unfortunately we're going to be talking about one of those today also we're going to look at CNBC we'll do a screen recording of some of the top headlines there and I want to get into the current exuberance of the stock market right now it's kind of freaking me out a bit now as you guys know I do not trust this Market at all

we're finally seeing see a little bit of catchup in the catch-up trade that many CEOs of mining companies that I've been watching lately in the interviews they're all talking about the same thing which is what I'm saying too the catchup trade where the price of gold has gone up so much but the gold mining stocks have not yet responded and then add to that that silver compared to gold is so incredibly undervalued and compared to their use case where all of the silver is being used more than we produce every

year for solar power electric vehicle all sorts of things like that that's going to drive up the prices of the underlying commodity which will then drag the prices of the stocks with it and in terms of the current stock market environment it feels very frothy to me there's two types of new highs we're hitting new highs we're hitting new highs stocks are doing so well and there's different reasons for that part of which is currency debasement you can make your house be worth 10 times the

price by liquidating the currency stocks are the same same way it's a form of inflation escaping but there's also stocks can reach new highs because of fundamental reasons are the businesses underlying producing more so that they're fairly valued at these new levels it just feels very frothy to me it feels priced for Perfection I don't trust the market at all if it triples quadruples that's fine I'm not going to step in front of this possible train wreck we had a bad day Friday we're

going to have a bad day today again I believe but who knows who knows I think that there's much better ways to get involved with the growing economy which is actually in a lot of trouble right now that the vast majority of people aren't realizing but I've been showing you on this channel all the things that are going wrong with it for years now so you're going to want to subscribe to this channel if you're going to keep an eye on this kind of thing I'll do that for you but right now more than ever I'd

be more apt to suggest that you be more cautious part of the issue is they're saying that the unemployment rate is so low so the economy is strong or setting up for a soft Landing or no recession at all I am categorically do not expect that that's the way it's going to play out I believe we're going to have a pretty serious economic concern coming up and one thing I always remind you is that that does not mean that there aren't incredible opportunities such as the ones that we're talking about in the

Peter Leeds newsletter there's great opportunities in the downward economic collapsing Market that we're all going to be experiencing together I showed you before on the too low for too long interest rate history this is what built up all these debt levels for people for companies for the government itself that now we're having trouble paying for that's why they're going to lower interest rates so that the government can pay the debts we have the carrying cost with these interest

rates have gotten out of control and that applies to you personally probably as well if you've got all of a sudden a mortgage that is now $1,000 more a month for your payment as is the case for a lot of people that I know all of a sudden you're put in a difficult situation then how do you get out of that and I believe that the toughest days are actually ahead of us still people think that we're oh we avoided a hard Landing we got a soft landing and there's no recession and everything's going Gang Busters

unemployment rate is so low I don't see it that way I believe a lot of people are looking the wrong way and that's when you get knocked out we got a few new subscribers to the Peter Leeds newsletter lately I just wanted to tell you guys and all the other subscribers too that we're going to be doing a review of all of our recent stock picks mostly because I just want to show off a little bit but we're going to talk about which ones we think still have a lot more upside to come so wait for that it'll come out

this week I know that I told you I was taking a week off for the reading week kind of stuff but I got some stuff done that didn't take as long as I thought it would so you guys are going to get the benefit of all of that tons of great free content coming out to you guys within the next few days and I want to show you guys a few of the headlines on CNBC this is the premarket but the markets are actually open now so we'll see the actual real numbers here so so far red day just like Friday

but gold prices of course Chapa crypto's doing well up 1,000 ,200 $1,300 basically for a Bitcoin Gold's up Silver's up but what's happening here today you'll see that Gold's up 74% Silver's up 33% this is exact opposite though to what will typically happen because I believe that silver will catch up towards Gold by increasing by more and when it's a down day it'll decrease by less than gold and platinum is always an interesting one because this one historically is

twice the price of gold however it's been less than the price of gold by quite a bit Platinum is 50 times more rare than gold it has way more uses than gold but since it's not the type of metal that a central bank's going to buy you're not seeing it play out as would be expected but generally the whole complex precious metals I believe is going to do tremendously well which will then bleed into the stocks that dig up the metals out of the ground doing even better their profit margins are going to

explode and it wasn't that long ago when we were talking about is gold going to be able to break 2,000 look at it now it's not even looking back and that was a resistance level that became now a support level resistance levels flip when you break through becomes a support level in most cases and here I want to say about this twice in one video of talking about politics which I do not want to do ever it's just a lot of focus people are looking at what's going on which is fine I'm just saying that when you're looking

at something that's interesting and I know I'm guilty of this as well when you're looking at something so often so much you got to think about what are you also not seeing at that time what are you not looking at this is what I was talking about with Jane the other day how we had this massive fire and Hawaii and no one's talking about it not even close to as much coverage as you would typically expect and then there's an earthquake in turkey and 40,000 people die and nobody really gave it

much coverage or not even close to as much coverage as it should have there's just so much going on in the world that everyone's looking at something we're a bunch of cats looking at a laser pointer what is falling through the cracks that's how you have to think about stuff and that's where the opportunities lie Moscow teror attack suspects beating him bruised oh poor babies oil prices rise as Ukraine strikes Russian refineries I told you that the other day and this is one of the reasons why it's such a soft

target too not just Ukraine but a bunch of kids vandalizing a can of spray paint can go take out an oil refinery it's just a soft target there's always the risk that somebody who wants to increase the price of oil or keep someone from getting the oil that they need could take action against the pipeline or the refinery and that's why it's always a good idea to own some kind of oil production company that will help you survive best if there is a big spike in the price of oil which we're going to

see the biggest spikes in oil coming up as we continually deplete the global reserves we've got about 40 years left and I started talking about this when there's 45 years left and everyone's like well that's plenty of time well now we got 40 and I'll come back and talk about this again when we got 35 years left and I told you that all the wars are going to break out before we get to the point where everyone's aware that the world's running out of oil see again Trump here where there's

keeping you focused on this and it's interesting you have to know how this all plays out but I'm just saying yeah check out this pay attention to it but think about what else is going on that no one's talking about that's where the opportun Unity is not when there's something everybody's looking at what's no one looking at they're looking the wrong way Austin this is the place to move to and live I cannot wait to get there and they have a bat tornado so as promised I'm going to talk about one of

the headlines that I consider to be a Widowmaker for this Channel and that is politics just because it's a stock market thing and some people are wondering about this the truth social stock going public I'm going to tell you I'm going to get right to the point in terms of an investment when you look at the books it's really bad where it's like they're making a million dollars in a 3-month period but they're spending 40 million when you look at a stock from a leads analysis perspective that is

absolutely destined to go bankrupt so don't think that this is an opportunity to invest and enrich Yourself by buying shares of Truth social which is going by the ticker symbol djt Donald Trump's initials just also the short form for the Dow Jones Industrial Transportation average but if you're thinking about investing in truth social for the investment value of it it's overvalued so it's risky you could sell it short you could trade put options against it I'm not recommending any of that I don't

think that this is something that anyone needs to get involved with we find other stocks if you want to make money in stocks then there's other things that you can buy that are pretty clear and it makes a lot more sense to buy stock that's going to increase in value because if you understand how a business works you know that it's going to be increasing in value as it makes more revenues and cuts down costs and it's easier to buy a stock that's going to increase in price