i have a ghost chart for you today and we're going to see if you guys are picking up some of the stuff i've been trying to teach you as well i want to look at the dow jones industrial average the nasdaq and the s p 500 because those indexes we've had a couple of good days and everyone's acting like we're off to the races again things are getting a little bit better in the short term but let me show you exactly where we are at with all of these indexes plus lastly had an epiphany by the gold coin contest


so if you stick with me in the end we're going to talk about that in this video too for many of you this is your first time here my name is peter leeds i'm the small stock specialist and you ask yourself why small stocks because they produce the greatest returns and understand that nothing we say in this video at any point is intended as personalized trading advice for you what unbelievable timing russia is making a lot of noise about pricing oil and rubles and there's even discussion


about food for oil transactions but think about the last video i did was about losing the petrol dollar status and that plays exactly into everything i told you about in that video now the thing i notice is that sometimes when the market has a strong day it goes up a few hundred points people are acting like and the media especially is acting like wow that was a close one we're off to the races again permanent prosperity everybody how do you think this is going to end but listen to this i'll tell you exactly


where we are at i told you before about where we topped out in some of these markets i want to show you exactly where we're at with them if you go up to somebody on the street and ask them hey how's the stock market doing lately they'll say oh it's had a couple of good days people have short memories they think that they see a couple of updates that everything's back to the way it was and that things are going to be awesome let's look at the exact indexes the dow jones industrial average


is down about 10 percent from the high where i indicated here in a previous video for you guys right there nasdaq's down about 12 s p 500 has dropped about 6 and because of short-term memory and a couple of good days on the markets people are thinking that the market's doing so much better than it actually is it's not going up it's not a strong market it's a market that's dropped 10 or 12 percent in a pretty short time frame with a lot of underlying structural problems beneath the entire


concept of the investing markets everything is held up by the efficiency of the companies in the market and the underlying economy when the underlying economy breaks down as it has been for many many years now getting worse and worse then the strength holding up the markets is under a lot of pressure but let's get to the ghost chart what i did here is i captured a bunch of charts of this investment and i stripped out the names and anything except for the actual price activity even the trading volume is not


here what i'm showing you is a 40-year chart of this investment and take a look at it and what do you think do you think that there's momentum do you think there's a lot of demand for this particular investment and here's a five-year chart i've even got a one-year chart for you guys and if you want to get even more granular we'll look at a six-month chart so again what do you feel about this chart what is the story that the activity of this investment is showing you and for a lot of you i know that


you're probably already realizing what this is a chart of especially if you've seen any of my videos before but here's a six month chart for you here's a three month chart for you it's all telling the same story whether you're going 40 years back or three months the story is accumulation the story is demand the story is significance of value and this is a chart which you probably have already guessed what it is but maybe not this is a chart of gold and you know i put my money where my mouth is i'm not just


telling you something and doing something different if i'm telling you that i mostly invested in gold and gold mining companies and gold related assets that's because i believe that that is going to be an incredible investment going forward a big part of why i have that premise is that there's so many price drivers which are actually very optimistic for gold prices going forward not pessimistic very bullish not bearish you've got china and russia both aggressively buying gold the people of russia are


incredibly aggressively buying gold because their ruble has absolutely collapsed there's no certainty about where the economy is going and that's the thing you notice is that gold always comes down to no matter what there can be a war there can be sanctions and gold is still even after the currency collapses gold is still the asset that everybody goes to worldwide and it always has value when you strip out all of these man-made and man-imposed currencies and concepts you're left with


when you get rid of all that in a time of war even you're left with the value and the exchangeability of gold it has been nature's actual money for thousands and thousands of years and of course as every fiat currency declines to its eventual destination of zero as has been proven over time in history any currency that's a fiat currency that has not yet absolutely disappeared is just on the path to do that especially with the ways that governments can just create more money create more money they


will always do that so as the american dollar declines on its standard path for a fiat currency it goes towards zero as it decreases especially decreasing faster because of the monetary creation which has been historically unmatched ever than it is right now in the united states that puts pressure on the dollar the dollar comes down therefore it takes more dollars to buy the same asset of gold or whatever asset but it takes more dollars to buy gold that will make the nominal price of gold seem to be


increasing even though the value of gold has never ever ever changed gold equals gold and of course it's always a flight to safety it absorbs risk off dollars when there's something like a war there's a price premium put on things like gold because of the uncertainty because of the military engagements and so what are we seeing right now with gold we're seeing both of those at once a declining dollar with a breakout of war and last time gold broke through two thousand dollars american dollars per ounce and it's hit


all-time highs across every possible currency and it will continue to do that again and again to a further extreme but it broke through 2000 and i wrongly thought that it would never look back that it would break through that point and just keep on going but it came back down and what i'm saying is that a lot of times when you have a resistance zone i'm not going to call it a resistance level but with gold right now between 1950 and 2000 that's what i would consider to be a resistance zone when


you get into those levels there's more impetus for people to be unloading gold or buying less gold that's kind of the range rate now things will change and the range will be much much higher but for now every time we approach 2000 we're even bouncing off that level a few times my premise was that if we broke through we just go off to the races but it's not yet we've tested the resistance number tested resistance level what happens with the resistance level when you do break through it strongly that generally


becomes a support level and the prices never look back they never go below that again that's my premise of what i think is going to happen we are going to keep testing this resistance zone between 1950 and 2000 until we solidly break through and then i believe after that point that whole zone will become a support zone and we will just keep on trending higher over time that upward trend will also accelerate when a few things that are working against gold such as price fixing and comments that you're hearing from the


people who are telling you that we'll never have a economic crisis again in our lifetimes that the economy is so strong and you know that i'm putting my money where my mouth is if gold prices do what i think they're going to do then i'm going to be sitting pretty and you can get in on that too i think everybody especially in this absolutely historically unmatched time in our economy has some kind of exposure to precious metals if you can't afford gold by itself or something and i'm not giving


you trading advice i don't know what you should do maybe gold goes down to five dollars and i think that when gold also starts to finally move the way it should have been moving years ago then that momentum will get a lot of eyeballs on it for the first time after a long time people forget the point of gold they don't understand what it is they don't understand what it's like especially with 14 years of no recession where the markets are doing so well people think well what is the point of gold it's


nature's insurance if you don't have gold you're going to realize how valuable important it is after the fact you're going to do as my girlfriend jane's friend said to her recently i should have listened to peter when i first talked to him and she says yes you should have and i'm saying yes you should have you should listen to me now too because i do think that this is one of the few life rafts available to you as we go through absolutely stupid transitions set up by a lot of


decisions by people who thought that they knew what they were doing that don't know what they're doing and i'll get into the details about the gold coin contest in just a second first i want to mention one article that stood out to me this is from cnbc the us and its allies said thursday they're moving to block financial transactions with russia's central bank that involve gold putin has been building his gold stockpile since 2014. what else happened in that year they invaded crimea so you have both war


so price premium on gold and at the same time they're restricting a lot of the total global supply from being transacted in certain ways that go against their sanctions now there's not a lot of gold in the world people don't realize that if you took all the gold in the world and melted it down you could fill up two olympic sized swimming pools contrast that to what i always tell you about platinum which is 30 times more rare you can take all the platinum above ground in the world and crush it into a


cube and i always say you could put in your two-car garage and still have room to park your other car and i imagine if you did have all the platinum in the entire world your other car wouldn't be a minivan or a prius it would probably be something fancy so russia owns 100 to 140 billion dollars according to this article of gold and their reserves which is about 20 of all the holdings that the russian central bank has the bank of russia announced february 28th shortly after several russian banks were removed


from the swift bank messaging system that it would resume the purchase of gold on the domestic precious metals market so you see this when there's sanctions and war it still goes back to gold having value especially listen to this part the u.s says that russia can and has used gold to support its currency as a way to circumvent the impact of sanctions one way to do that is by swapping gold for a more liquid foreign exchange that's not subject to the current sanctions so even a villain of a nation is able


to use gold to support their economy that's because gold will never lose its value in the eyes of humans new guidance from the u.s treasury department states that american individuals including gold dealers distributors wholesalers buyers and financial institutions are generally banned from buying selling or facilitating gold related transactions involving russia and the various parties that have been sanctioned all this makes the perfect awkward segue into the gold coin contest this is the single best prize on the internet


for what you have to do and what your odds are by far i take a loss on it i told you that my vision was to make it an annual thing and that was right when coronavirus hit but i'll tell you what we did last time and i had an epiphany the other day where i just i was having trouble with it now you look at it a few degrees differently and i figured out everything we did last time you all submitted coffee mugs and my son got the coffee mugs and put them on a green screen so that we could put them on the video sort of rotating


around you can see what the entry was but then we put them all in one place and you guys voted on which coffee mug you thought was the one deserving of the gold coin prize or the one ounce of gold and what we did last time if you remember we did a coffee mug contest everybody made coffee mugs that you submitted sent them in and my son took each coffee mug and he put them on a green screen and he had him rotate around so that we could put them on the videos we curated them all into one spot and you


could vote on which one you thought was most deserving of winning the contest the winner of that contest was the one that i thought was the deserving winner this was from chris and he sent in a mug where he took the yellow puss and put that on the mug as part of the design and it's my favorite coffee mug and i sadly broke it i've broken a lot of coffee mugs because when you're in a wheelchair you put it stuff on your lap and then you grab the wheelchair and you go and it falls off and breaks so i've broken


several of them my dad has a bunch of the other ones but it's all about who you guys think is the most deserving entry and it wasn't a lot of people that entered this is one of the things i'm starting to realize is that there's a lot of value in having a smaller channel i want a bigger channel i do but when it's small you can do whatever you want basically well i guess i could do whatever i want anytime but i also realized that it might not have been as environmentally friendly as it should be because we can


do whatever we want for the contest so that's why this one i'm changing it up a bit you're not going to have to send in something well you'll send it in digitally because it's going to be a photo contest and please don't send anything in yet just not yet let me get through what i have to tell you first and that was what i want to do is do it like an annual thing and i'd take a loss on it every time but i would do it as an annual thing and it's pretty good for promotion too


also it helps show people what the real value of gold is you don't want this price you're missing out but after we did the first one i wanted to do it like an annual thing that's right when kovitt hit we lost a couple of years and i'm not sure that we're quite out of kovid yet but i am going to do the gold coin contest very soon because i figured how to do it i was looking at it the wrong way rather than making it like one thing where i get somebody like here you oversee the gold


coin contest and they got to set it up and unroll it i can do it in stages the stages are you submit your entries for a certain window of time and that way i can oversee it all i'm a control freak so i'll oversee the whole thing that way we'll know everything every step of the way it's going well because a lot of people try to take advantage of this kind of contest too and a lot of the prizes for the gold coin contest are the things that i also sell but instead of disrespecting you or trying to drive it


down your throat every time we do a video rather what i'll do is i'll put it all on a certain page and that's where we'll have any videos or any details about what the prizes are that way i don't have to interrupt these videos the flow of them to be talking to you about all the stuff that we're giving away it's going to be a photo contest so try to get high definition photos and you send them in there will be a window of time where you send in the photos and i'll tell you


when it starts do not send anything yet and then we'll curate them put them all on a certain page and then you guys will be able to look and decide which photo entry you feel is the most deserving and of course no disrespect no racism no chauvinism or else i'm just going to delete your entry and you can vote for your own entry and the reason i'm telling you about this ahead of time is because it helps me be motivated to really drive this through or unroll it but also i want to give you


guys time to think about what kind of entry you want to make and then it'll be an open window where nobody sees any entry you send in the entry all the entries come in and then everybody can see them all at once because i don't want you seeing what somebody else entered and then changing what you're going to enter you want to send in a photo that you think that everybody else will vote for the most deserving photo so there's going to be a website that will have all the details and when we're ready to go i'll be


directing you to that website it'll tell you when is the time to submit your entries it'll give me time to curate the entries and present them in a way that you can go and look at them and then it's time for you to vote but here's the thing the prize value is worth people who know a little bit about computer programming hackers to try and take advantage we're doing the voting before on surveymonkey or something like that and my programmer took one look at it he goes that isn't


secure he knows this stuff believe me we've got to go off the grid that's the only way to make it completely secure we're going off the grid what do i mean by that when it comes time to vote you're going to reach out to tammy you can call her or email her and you tell her what your vote is and that way she's looking for anybody who votes more than once and she's cross-referencing it all and by going off the grid it's a lot more realistic to make sure that only the deserving winners get the prizes and you


can encourage my team and i to make more videos just like this so that you get access to them as we create them as you want them just by doing one click subscribe to the channel it's easy it'll help us out a lot you