[Music] welcome to this week and money I'm Jim Gard today Ross Clark from charts and markets.com runs down the major markets the US Stock Market has bounced back from its August correction Canadian stocks hit record highs and gold had a great week Ross also looks at Silver crude and the US and Canadian dollars who will win the US presidential election Gerald sente publisher of the trend's journal weighs in on that he also tells us why he's hot on gold but not that Keen on the US dollar Gerald also warns of the dangers of putting too much pressure on certain world leaders the senior editor of Weiss ratings.com Sean broadrick checks in from Florida to chat about glowing prospects for uranium and his outlook for Gold Silver and Hightech we'll talk to Ross Clark right after this recyclo making lithium ion last forever recycl CO's patented recycling process ESS achieves up to 100% recovery of battery metals from lithium ion batteries for electric vehicles including Cobalt lithium nickel manganese and aluminum recyclo battery Materials Incorporated trades on the TSX Venture Amy on the otcqb Amy ZF and Frankfurt id4 for more information visit recycl code.com or phone us at 77857 444 444 recyclo making lithium ion last forever welcome to this weekend money the source for Market opinions here is Jim Gard my guest is Ross Clark from charts and markets.com where you'll find insightful Market commentary And Timely technical analysis you can find them on X at charts by Ross welcome back to the show as always it's a pleasure Jim how did we do on the stock market this week well this was pretty much a good week um pretty much all week long and uh as it is um in terms of the indices I guess the Canadian Market was uh pretty much the best of the bunch uh had a a really good uh finale at the end there US market uh S&P is pretty good we're back up to 5600 after that uh ShakeOut in the early part of August that took us uh momentarily under 50 200 now this 5600 area is still the top end of that 100 year long channel uh and uh you know we want to see how it does try to push through at this point seasonality wise uh we're at that tough stretch where from here through some point uh by the end of October you'd expect to find a a decent correction and a good buying opportunity so you know we're U we're looking for that on on the outside for the the indices but if you look at uh you know the rotation that started when the Magnificent 7 uh took their hiccups uh starting in uh May and June the uh the Industrials the financials utilities uh the REITs um and the bonds have just been doing exceptionally well here the each of those categories into multi-year if not all-time highs so you know there's always a bull market somewhere and uh when the hot money decides it's time to move uh they take a look for value and that's what they found in some of these other sectors out there so um as long as there is momentum um you know you don't fight the trend but uh at some point here in I would suggest in the next week or two um you know going to be time to take some money off the table we're not overbought on the daily or weekly charts right now so there's there's some upside room what's going on with gold record highs um $280 uh for the spot price um we were up 14% on the week which is just a fabulous week um the silver was up 9% on the week and um you know here we've had a real lid around the $ 2450 to $2,500 level on gold uh for the better part of of a couple of months um you know we topped out uh back in May had a sideways consolidation uh then topped out again in August and had four or five weeks of consolidation um of note um you know this has been fighting what had been um a strong US dollar coming off the bottoms here uh couple of weeks ago and during the strength in in the US dollar gold gave back very little uh we had gone from call it you know 2520 only dropped to maybe 2480 in that U twoe trading range and U the in the meantime the dollar had been rallying back quite quite well and uh it uh we got to the point where the US dollar Index was up to its 20day moving average at the same time that gold had pulled back to its Rising 20-day moving average the uh the key in terms of the relationship that I've been looking at is that if the dollar can push through its recent resistance levels here and uh ideally uh that would be uh seeing it move through oh call it 102 on the index that would turn the 20-day moving average up it's been trending down and it has been overhead resistance now if if it upticks through that resistance it should put more than just a lid on the gold market that should be enough to uh take some real wind out of this run that we're having right now but the doll uh we're sitting at 101 and change as we shut close off the week and um that uh that drop from call it 102 down to 101 was enough to allow the uh breakout as far as the the gold and silver were concerned and uh along with that the uh the miners have had uh just an excellent stretch here as well uh the gdxj uh the Junior Gold Miner ETF is that a multi-year high we're back to where we were in the first quarter of 2022 uh you know this thing has come from a low of 27 uh just over a year ago a low of 32 earlier this year and it's now at 49 so that's a pretty good move for U for the index and uh the you know it's a bit of catchup that has been uh necessary because it's still still well off the highs uh than when gold had its original Peak back in 2022 but the trend is up and looks healthy for now um the one thing to be concerned about is that from a seasonal perspective August is usually the best month of the year uh September uh tends to be a month of pulling back and your best buying opportunities um and end up being around November December so if uh if this one gets a little tired on the upside uh or maybe gets exhausted uh I'd be uh looking to take some money off the table there it's it's been a just an excellent run so uh yeah might pay to lighten up uh if we uh tack on in another week like this one what's going on with the little old connect Buck the Canadian dollar has had a uh you know that a really good run from uh the bottom at 71 and change the um and that run was all you know related to such bearish attitudes out there the commitment of Traders numbers speculative positions were the biggest net short position in history and uh so we ended up with this rally u a 2 and 1 half cent rally in the currency got overbought 10 days ago has pulled back and uh at this point um you're looking at a pretty good support level as to where we came back uh 73 a half uh had been the top during from May through the uh uh middle of August when we've been up there and tested it three times popped through it and now we've come back to test that support area then overall um you know a little concerned about the longer term Trend but on a short term basis this is a pretty good low right in here to uh to look for a decent bounce what's going on in the crude Market uh crude oil we got uh some really good oversold ratings uh into the early part of this week um the uh the daily uh level got uh we got down to $655 um and uh that uh produced some uh oversold enough I you're back to where we were in May of two and a half years ago very very dramatic move you know from we have come from the the mid 80s down to the the mid-60s in a span of just three months so a bounce in here back towards I would say 71 uh looks reasonable but from a seasonal perspective you want to be looking looking for this thing to continue to ease lower in the coming months Ross thank you so much for the update good to be with you Jim my guest has been Ross Clark from charts andm markets.com you can find him on X at charts by Ross coming up Gerald sente next on this week in money don't miss out stay informed receive the house street.com weekly recap with thought-provoking podcasts radio and articles delivered to your inbox sign up for the house street.com weekly recap on our homepage at house street.com [Music] always consult your investment professional before making any investment decision this weekend money is archived online at talk digital network.com welcome back my guest is Gerald sente publisher of the train Journal available online at Trends journal.com he's speaking to us from historic Kingston New York Gerald it's been a while it's great to have you back on this week in money yeah thanks for having me on can you tell us about the latest issue of the transs journal and how people can subscribe well you know it's uh it's the grand total of about $256 a week and uh there's no magazine like it in the world if anybody could show me let me see it you know we cover go politics economics uh technocracy AI we have these are special sections this week's Trends Journal by the way is 230 pages and no ads so we don't tell you what you know nobody tells us what to do and very important uh one you know we do top trends each year and one of our top trends this year was a golden year for gold and gold is shining just as we had forecast and this is the beginning of the runup as we're speaking gold is selling at $2,582 and 20 cents an ounce when we made this forecast on January the beginning of January and when we come out with our new forecasts gold was selling at 2 $41 an ounce so gold is up nearly $550 from when we made that forecast and again there were other people that were saying go was going to go up but no magazine no media said this was going to be a golden year for gold and it's going to go much higher uh we can see gold hitting $3,000 by the end of this year early next year going to $4,000 an ounce uh this is this is the I I began my first I bought gold back in the late 1970s was about $163 an ounce we're seeing now what happened back in the late 70s and very early 80s with gold prices spiking this is a whole this is different than any other time though because it's the beginning of the death of the dollar the lower interest rates fall the deeper the dollar goes the deeper the dollar goes the higher gold prices go end the story and Gerald just to point out how accurate you've been uh you had the Ukraine being invaded U what nine months before it actually happened almost a year well what we did was uh going back people have no idea you go back to our TR Journal back to 2014 about the United States overthrow of the democratically elected government the Victor yanukovich in Ukraine and uh John McCain and Victoria Newan handing out cookies in Maiden Square as the Revolution was going on and people have no idea of the deal that was made between Gorbachev when the Soviet Union broke up in George Bush Senior you could look it up NATO will not move one inch further there were 16 NATO countries back then now there were 32 so if the Russians were up in Canada and the Chinese were down in Mexico with missiles aimed at America oh we'd be happy so it's it's the war machine just keeps ramping it up and what we said World War II is already begun and again it goes back to Gold you know one of the one of the issues that are driving gold prices up at the fear of the uh geopolitical crisis and and gold is the number one Safe Haven asset and again very few are talking about that occupy peace the Peace and Freedom rally is being held in Kingston New York Saturday September 28th can you tell us about it and how people can attend we to go to occupy peace occupy peace.com we want to get a million people here Scott Ritter is going to be here Judge Andrew napalitano Max bloomen Anya power pill and others and uh again War the World War II is begun there's going to be a false flag event something is going to happen that's going to make it quote official it's just like World War II Google it up Franklin Roosevelt seizes Japanese assets Google it up you come a history today mainstream media mainstream in July of 1941 remember Japan bombs Pro Harbor in De December Franklin Roosevelt seized all Japanese Assets in America and along with the Dutch and the British they cut off three quarters of Japan's global trade and 88% of their imported oil they only import 100% you know why they did this because those dirty Japanese invaded French Indochina wait a minute who made up this name French China what are the French doing in Vietnam LA and Cambodia oh we're robbing their tin their rubber their anything we can rape pillage steal and how dare those Japanese go in there I didn't know this until two years ago I didn't know this there's going to be a false flag event that's going to make it official and again pearl harba made it official and can't understand why the Japanese bombed it after the United States cut off all their oil they import 100% cut off 88% kill their trade again you got Maniacs in charge and the Israel war and the Ukraine war are going to keep ramping up and that's going to keep driving gold prices up and this is very important should Iran get involved in this war and the United States has said they're going to send weapons to go deeper into Ukraine and they're going to start striking oil fields oil Depots refineries Etc and if iron gets involved in it you're going to see the price of oil go up to like $130 a barrel and that's going to crash the global economy and the equity markets and again that'll push gold prices skyrocketing now is uh silver going to enjoy the same kind of boost that uh you expect for gold no we don't see it it hasn't happened and uh it's going to go up there's no question about it but it's it's not going up like gold again gold is the number one Safe Haven asset central banks buy up gold they don't buy silver and you're looking as you well know and the people listening well know the central banks are on a buying spree of gold is that because they anticipate the bricks uh adopting a 40% gold back currency called the unit that's part of it it's also it's the decline of the dollar and um it it it the lower interest rates go the deeper the dollar Falls the the deeper the dollar Falls the higher gold prices go and the bricks you're talking about they've had enough of the United States socioeconomic and geopolitical hity so they're going this is the beginning of the death of the dollar and again the deeper the dollar Falls the higher gold prices go because gold is dollar based and um it's cheaper for other countries to buy gold when a dollar weekens countries like uh Canada the UK dumped all their gold uh several years ago we don't have any uh while China and Russia have been stockpiling it for over a dozen years is are countries in the west that got rid of gold going to regret it of course they are of course they are and again we the people of the United States we're not permitted to know what kind of gold the United States is holding they won't tell us isn't Fort Knox supposed to be overflowing with it that's what I mean nobody's allowed to go there I mean there is a you know this is the country that brings freedom and democracy to other countries when you don't have it here and again when we're talking about death of the dollar just the interest payments on the national debt it's over a trillion dollars and the deficit keeps swelling you know it it it it it's it's it's ridiculous it's edging closer to $2 trillion for the full year so this is serious I mean who could actually be in business having deepen debt and getting worse and worse by the minut it so the whole thing's rigged and the rig is going to be breaking it seems the way only way to get elected in the United States so is to promise more tax cuts how can you attack the deficit if you're continually cutting taxes well again that's just political talk yeah you know and then and what they could well again you know I'm a political atheist I don't like the the entire system it's a crime syndicate to me and you you look at Trump when he gave the the tax breaks down in in 2017 it was under the BS that he was going to lower the tax of big corporations so they would have Capital Improvements and invest in America you know what they did 2018 was a record year of stock BuyBacks so that's all it is it's just enriching the rich the plantation workers us slave land will get minor cuts and again this is just uh it's just you know political propaganda they they lie their way into office could stock markets move higher into 2025 and even 26 you know we don't see that happening and again it's they're they're overvalued now and there's again there's going to be a crisis the crisis is coming look at the data I mean why are why are oil prices so low this isn't rocket science the oil prices are so low because the global economy is so weak and the only reason they went up just you know a couple of bucks was because of you know the US production slowed because of the hurricane you you know after the hurricane that that's nothing again you're you're you're looking at China going into a very very serious Downs spring and you got Germany the third largest that's number two China it's basically in a recession so uh that's the markets are the markets don't re Wall Street and Main Street there are no connections between the two of them look you got three companies Black Rock Vanguard and State Street that own 88% of the S&P 500 so it has nothing to do with reality do you think what do you think the FED will do with interest rates this week I say guess it's either 25 basis points or 50 basis points and right now you know with gold prices going up so sharply you know they're biding on a 50 basis point rate cut and again they're definitely going to cut it and they'll cut it again in October u in the runup to the presidential reality show they want to boost the markets as much as they can so the street looks good again you have the former fed head is the United States Treasury secretary Janet Yellen they want to keep the people in power in power and that shows you who's running the country the Federal Reserve head is now the treasury secretary that's who got the D what do you think the real rate of inflation is and could we be in stagflation well you know you look at Shadow stats it's double what they say and we don't see stagflation stagflation is a stagnant economy or Rising inflation we see drag flation a declining economy and Rising inflation again the inflation numbers coming out are nothing but BS you look at everybody knows in the in the real world all all the all the the the costs of order Insurance on and on and on going up oh inflation didn't go up that high last month wait a minute the prices didn't go down the prices are still way high look at the average price of a home the median the median price of a home in the United States since 2020 is gone up ready almost 50% 50% how much did the wages go probably when you put in inflation they went down so they no this serious it's it's it's going to be drag flation declining economic growth and Rising inflation is another word for that recession oh yeah yeah yeah again it's economy is going to go down and it's not stagflation it's a stagnant economy it's going to be declining economy and inflation is going to keep rising and again the lower they interest more they lower interest rates the higher inflation goes do interest rates tend to move higher in waves you know it's uh it's a guessing game you know they they it's what the fed's going to do when they want to do it and they're going to do it as we said everybody knows it the streets you know say in 25 basis points in in next this week coming week could Banks going bust be a canary in the coal mine for what's ahead it is and no one's talking about it we're the only ones that have forecast it the banks are going to go bust because of the commercial real estate crisis you're office occupancy rate occupancy rate meaning people in the office according to Castle systems that's the k 48.9% 48.9% your office vacancy rate in the United States is at 24% fake it nobody there San Francisco about 35% was only about 4% Before the covid War uh Boston H about 25% 27 excuse me 27% New York City 24% vacant how are the owners of the buildings going to pay their debt which by the way these are interest rate only debt so the interest rates are double from when they bought the buildings and now their debts coming up $4 trillion of debt over the next two years no one is talking about the defaults and they're artificially pushing them ahead trying to cover it up so that there's going to be a banking bus that's going to crash the global economy and the GL Global Equity markets and look what happened when three Banks crashed in 2023 Silicon conman Valley Bank First Republic Signature Bank gold prices skyrocketed in a market tank that's three Banks now you're going to look at 300 Banks looks like the borders are has let in a bunch of dog and cat eaters do you think the election fraud machine that now has lights shining brightly on it will be able to deliver for the left oh yeah well are we forecast that back in uh mid July end of July July 25th uh I Trend SP we sent out a special Trend alert again we're had political atheists I I haven't voted for anybody since Ron Paul 2012 um it's going to be Harris and the issue we wrote in that Trends Journal back in 2022 in May it's all there for everybody to read uh we said the Republicans weren't weren't going to do good in the midterm elections even though Biden's popularity is weigh down and the people are dissatisfied with the economy because of the their anti-abortion stance and we said CA Harris is going to start hitting the campaign Trail again this is going back to 2022 and that Biden won't be running and CA Harris is number she has two issues again this 2022 she's going to anti she's going to be pro-abortion attack the anti-abortionists and pro-ukraine War and that's exactly what happened two years later so now it's you just got to go by the numbers you have 64 67% of Americans a pro-abortion and when you look at the debate that was a big issue and Trump's on the other side again it's not what you like what you want what you wish for it's what is with Trend forecasters so you look at the numbers she's going to get the woman vote first woman president she's going to get the black vote she's going to get a lot of Hispanic vote and again it's the the dependency of course of the Swing States but we believe they're going to swing her way are Office Buildings in the bus part of a boom bus cycle or is there a structural change underway no it's a structural change because what happened when they locked everybody down and people were staying home week after week month after month year after year and they're getting up in the morning they say oh my god I've been getting up at 5:00 in the morning to travel an hour and a half each way to work what am I out of my mind I'm not doing it anymore cost me all that misery and money and then now let's say I own I got 10 stories I'm renting out in the building and I got people working in cubicles I don't see them anyway yeah stay home I don't need all this space no this is unprecedent Ed and very important very important again we only go by the data this isn't what we're saying what the facts are saying buildings built in the last 50 years are non-con convertible to Apartments they're big empty spaces here a building on 50th Street Midtown Manhattan that sold for $320 million in 2006 went up for auction last month and it was sold for $8.5 million lost almost 98% of value it's a big empty space it's in the middle of the block there are no windows on one side no windows on this other side no windows in the back these are non-convertible they're big empty spaces what's the trend for the housing market going forward it's going to stay up unless there's a crisis if there's a um you know as I said if when the banking crisis hits everything's going to go down but we don't see housing crashing the prices will go down but it's not going to be like what's going to happen to the office buildings commercial real estate protectionism seems to be rampant now with massive tariffs is that the way to deal with trade IM balances well they going to be more um the trade imbalances are are a result of globalization and you're going to start seeing more and more Nations putting tariffs on on Goods as they become more self- sustaining like you take China they got 1.4 billion people they don't need anything made in the UK made in Germany made in USA or made anywhere else it's got to be made in China you're going to see more and more Nations becoming populist Nations and self- sustaining and self-sufficient look what happened the proof is right there when the the Ukraine War began the sanctions that they put on on Russia uh Biden said Putin's going to pay the price he didn't pay the price all those companies that left the Russians fill them up with their own people they have they have the human and natural resources to be very self-sufficient and that's what you're going to see more and more of their economy went up they're not suffering so that's what you're going to start seeing in China and and more and more there's going to be more and more nationalization self-sufficient self- sustaining same thing in America we have all the human and natural resources we need we don't have to here take take a c country like Vietnam and I grew up during the Vietnam war those dirty commies you know if we don't stop them the dominoes are going to fall and they're going to take over all the all the Asia oh now we're dealing with Vietnam still communist and that's our second biggest importer of clothing and shoes so think about it imagine if we weren't importing items from China and cheap labor countries and NAFTA they brought things down to Mexico once upon a time you had what you called factories in America and now these uh they've all gone Rust Belt and by the way what's going on with all these Haitians for instance moving to places like Springfield Ohio you're going to start seeing these Rust Belt areas bounce back uh as a result of the many immigrants coming in and also people Liv leaving big cities because of the rise in crime again brought to you by the covid war it wasn't like this before as I say when people lose everything and have nothing left to lose they lose it the Trudeau government has imposed carbon taxes on fossil fuels with the idea that it's going to drive people to buy electric cars but on the other hand it's imposed a 100% tariff on electric cars what kind of a message is that well that's from China they're stupid I mean they're a bunch of jerks and again you look at one of our top trends for 2024 one of them is ev's go Fu look at the data and people aren't the reason they're buying them in China is because they're giving subsidies again we've been writing back to going back to 2016 about the the uh the inefficiency and how EVS are not going to replace fossil fuel you know cars and and and the facts are there all the we write about it each week company after company cutting back cutting back cutting back and the numbers going way down Gerald uh previously you mentioned uh a possible Black Swan event that's going to just turn the world on so you're any idea what that might be or could be or events you don't know you know could be like another 911 real or fake you know uh that's what you're going to get and it's it's going to happen there's no question about it again World War III is already begun and is just going to make it um he just had this little clown boy blinkin over there that Secretary of State uh and a little jerk off over there in U jerk off over there in the UK uh saying that we're going to send more weapons into Kei so they could bomb deeper into Russia I mean you're at War if I asked you and said listen give me a gun I want to go blow my neighbor's brains out and you gave me the gun you're an accessory to the crime and Putin is saying if they get these weapons and and they start using them we're at war with NATO and the United States he said it how can our listeners find out more about occupy peace and subscribe to the Trends Journal just go to Trend journal.com Trend journal.com it's the only magazine where you're going to read history before it happens and occupy peace we have all the information uh about the rally please try to come here we really need peace because these Maniacs are going to drive us to nuclear Annihilation do we need John lenon to sing again uh all we're saying is Give Peace a chance yeah we need we need something matter of fact we came up with new peace songs too uh this is a different time and uh this is very very again don't believe me Google up the Samson option Sams uh Israel says if they lose start losing they go nuke and they're going to start losing you don't have to be good at math to figure it out within 90 million uh ukra uh Iranians and 9 million Israelis you go by the numbers and then you got this this thing ramps up it's it's it's the end of life on Earth same with Ukraine we have crazy people in charge as I say what's your favorite war the pelian war no I like the 100e war oh the war roses was just lovely what's your favorite Crusade well I like the first better than the eth I mean you know what I'm talking about you got crazy people running the show and if we don't stop it we're we're finished well we had World War Two 60 million dead now Japan and Germany are our best friends yep it's that I said it's a freak Show and The Freaks are in charge Gerald thank you so much for being on this week in money thank you so much for having me my guest has been Gerald sente publisher of the Trends Journal available online at Trend journal.com he was speaking to us from historic Kingston New York coming up Sean broadrick next on this week in money recyclo making lithium ion last forever recyc CO's patented recycling process achieves up to 100% recovery of battery metals from lithium ion batteries for electric vehicles including Cobalt lithium nickel manganese and aluminum recyclo battery Materials Incorporated trades on the TSX Venture Amy on the otcqb Amy ZF and Frankfurt id4 for more information visit recycl code.com or phone us at 77857 44444 recycling making lithium ion last forever this weekend money is archived online at talk digital network.com my guest is sea broadrick he's the senior editor at Weiss ratings.com he's speaking to us from Florida welcome back to the show thanks for having me on Sean can you tell us a little bit about Weiss ratings what do you guys cover we cover every we rate all sorts of stocks for both um safety and potential performance and uh I incorporate the we ratings into my choices now sometimes when you're doing smaller stocks um their potential isn't reflected in the white ratings yet but for the larger stocks it does a great job of actually figuring out which ones are doing well which ones aren't I love using that as a backdrop especially for like say oil stocks I mean if you're looking for stocks that are incredibly oversold right now and yet pay good dividends so you're paid to wait until you're right you know you would look in the energy sector which is the Beaten Down sector this year and uh some of it I can understand why people are afraid of um maybe new potential Supply and lack of Demand with what's going on in China but really the way these companies of streamline operations cut costs and stuff there are a bunch of them that are money-making machines and so I would just use the wife ratings to say all right which one of these are best and then once I have a handful then I can roll up my shirt sleeves and like actually look into the individual stocks um themselves we have Publications that just recommend stocks based on The Voice ratings but I like to take it one step further than that for me it's a good place to start now you cover more than just the stock market uh do you have other newsletters that cover other topics crypto and stuff like that we cover a lot of stuff yeah but I don't write those for one thing I'm a hard asset guy I am a dinosaur and so these um kids will be dancing around talking about uh crypto coins that are based on clowns or dogs or something like that on there you you got to be kidding me I'm just too old for that it just looks like silliness to me but I can't argue with results they're doing extraordinarily well so good for them it's just I'm too old for that kind of stuff right so uh gold has uh really been a monster until recently what's the story there until recently well you and I are talking on Thursday and Gold's breaking out to a new high my friend oh well that's recent yeah that is recent it's Silver's lagging but I believe Silver's going to play catch up in a big way we have a bunch of gold and silver positions today my silver positions are outperforming gold we will see how they end the week because as you know silver is the drama queen of the precious metals market and when things are going up silver really outperforms it's hting the ceiling it's leaving gold in the dust when things are going down silver is the one lying on the floor crying and balling its eyes out and having a terrible time so but um in my personal portfolio I am making the bets on Silver because I'm a mad man who takes risks but I mean you should look at the cash flow of some of these gold miners my God they're fantastic if you can find say a gold miner that pays a dividend not many do some do though and um you were looking to have a little safety in your portfolio because I don't know if you know this but we have an election coming up in the United States and uh the potential things that could happen as a result of that if like people don't accept the results and stuff stff they're actually quite scary so if you want to get a little safety in your portfolio and certainly the central banks of the world do they are buying gold hand over fist what do they know right uh but they are buying a lot of gold um central banks do not buy silver however silver is an industrial metal really in demand for say um solar panels stuff like that because if it's a great electrical conductor so uh it's just enormous industrial demand really ramping up so I like both Metals I think they look great apparently the Market's agreeing with me today with um prices taking off and that's not the only metal doing well uh we'll have to talk about uranium in a bit as well uh what about other precious metals like padium and platinum you know um certainly platinum's rallying it's looking quite nice uh it's up to 977 as you and I talk Palladiums rallying the problem is these are much smaller markets you know and like there's only a very few minors even trading the Futures is uh just not as liquid as say well certainly as gold or as liquid as silver uh you could also look at uh copper which has really been lagging but that's mainly due to the fears that China hasn't sorted things out my personal opinion and again any opinion is personal and this is just how I feel I can't believe believe that the mandarins in in like Beijing are going to sit on their hands and watch their economy slide off a ledge I think they're going to pour money into this and we aren't seeing that reflected in silver but there could be some excellent opportunities there oh excuse me I meant to say copper we aren't seeing that reflected in Copper yet but there could be some excellent opportunities there however right now I don't own any coer stocks and just because I'm still positioning in silver and gold miners that I think are just leveraged to an enormous Bull Run we are embarking on right now oh uh one of China's problem was they built all those empty cities that nobody wants to live in I've heard that complaint forever um uh now it is true that pretty much the government set things up so that if you had wealth you poured it into new apartments and these apartment buildings were empty and basically when you bought an apartment there you just bought the shell and then you'd have to fix it up and that boosted demand for all sorts of materials um and they have probably overbuilt will they catch up I saw a video of them like actually detonating uh one building after another after another they seem to be overbuilt at some point they will get to a balance in that market so I'm actually not that worried about it uh so I don't worry about China as much as some people do Maybe I'm Wrong maybe the China bearers are absolutely right but uh the way I'm looking at it uh the global economy is in a soft spot but it's not in recession and I don't think a recession is coming that means that uh we are going to see Improvement in China because it sells to the world so you know if the wible economy isn't going in into into recession that means China has plenty of buyers for its goods and uh so I'm not that worried about it frankly but I'm more worried about is um just basically the fact that central banks around the world can inflate away their problems and there's hidden inflation there isn't just the headline reported inflation I believe the central banks know this I believe that's why one of the reasons they have other reasons why they are buying so much gold is they just need to have that back stop in case things go wrong I'm hoping nothing goes wrong it would screw me up tremendously if things did go wrong but at least I'm positioned with a little bit of a life belt in case things do go wrong and that life belt is made out of gold and silver with the interest rates how important is it for the the FED to cut and and is it it is um it's going slower than many people including me would like uh I was uh explaining to a colleague the other day the FED drags its more feet than the cast of A Romero zombie movie you know I mean um and so they are behind the curve everybody knows they're behind the curve but they seem to be comfortable behind the curve they don't want to overreact I guess and so they should cut by 50 uh in what is it less than a week as you and I talk but um they won't they'll only cut by 25 that said there's a lot more Cuts coming up um the market is pricing in and yes before we get a lot of angry emails I know the market pricing could be wrong but the market is pricing in about um 2.4% of rate Cuts this year and next year that that's a lot of cuts that will weigh on the US dollar and that should boost um alternatives to the US dollar like gold and silver now are you surprised going back to Silver that the price hasn't gone up because solar panels are everywhere there's a big demand for them and I also saw an article that said solar panels are now cheap you might as well build your building out of them because they're more affordable than other building materials right I've seen that too that's that's actually a great observation um the thing is that uh there is actually a glut of like solar panels in the market right now and so I think that's one of the things Weighing on Silver is people expect to see orders cancelled and like stuff like that so we'll have to see how it goes but again when precious metals run silver usually outperforms gold that's why I'm making the big bets and silver so far we're doing okay I just think we can do a lot better and we'll have to see how things uh work out over the next year but I expect new highs for gold near 3,000 bucks an ounce I expect silver to go much higher and percentage wise I expect silver to outperform gold but we'll have to see how it works out why do you think people are so reluctant to look at the silver picture well you know I mean um maybe they're following central banks maybe they're listening to their Brokers you know um and we um well of course I'm really dating myself when I talk about the Hunt Brothers had yeah we have had disasters in the silver market before maybe people are more wary of that I don't know I think silver is a great thing to have if you're stacking gold and silver against you know things going really really wrong in the financial system would you rather be the guy paying for your groceries with silver or with gold because paying with gold makes you a Target the way I look at it so that's one reason why I personally have a lot more physical silver than I do gold also because it's much cheaper but I mean you know just that's the thing I would like to have I do have gold though of course I do because again that's the smart thing to do and um we'll have to see how things go you know it's really not what we do that matters what matters is what people in China and India do those are the two big markets where people have a cultural Affinity to precious metals and they buy a lot of it now one of the things that has probably been holding the gold market back is the fact that we've had economic weakness in China but if China can sort things out and actually um provide enough stimulus that their economy starts to find footing again if they start to get economic growth again that's probably going to light another fire under the gold market you know because then people there have more money to buy gold than they agricultural Affinity to Gold so that's one more thing to keep in mind our countries like Canada and the UK which uh sold off their gold at bargain prices uh a dozen or so years ago more than that are they going to regret not holding gold like China and India and Russia do oh I don't know and like yeah I know people are mad about that God I saw so much on the internet but at some point we' become old men yelling at clouds you know we have to look at the opportunities in front of us I see opportunities in Precious Metals I I see opportunities in um energy because oil recently hit the uh low that it put in back in March of last year it was down there for a week and then it um then it went on a bull run I don't know if we're going to have this same thing but we know that history does not repeat but it sometimes Rhymes I think oil looks super cheap right here so I'm really bullish on oil but that's all that's all one part of what I do but I'm also big into the tech super cycle and uh we are seeing a new tech super cycle right now it's led by AI but there's a lot more to it than Ai and um we are seeing just things turn over I mean heck I was looking at the the stock of like Dell computer just to drag something out of the cobwebs in the Attic recently but I mean they're doing a lot of stuff beyond what you think of the like computer box on your desktop they're doing a lot of things for AI data centers you name it there's just a a boom in in that whole business and um things like cyber security stuff like that there are tremendous opportunities in there so I mean um I know we often talk about um like hard assets physical Commodities gold silver oil but do not ignore what's going on in the tech market right now because we had a big Tech run up and I sold my big tech stocks in early July and thank God I did because they sold off big time but now they're starting to come back beyond that there are other ancillary tech stocks that maybe didn't get the big run before but they're poised for it now so that's one other thing people should be looking at too I'll have a whole presentation on this um at the New Orleans investment conference in November which I highly recommend to anyone not just my presentation but I mean the entire conference it is going to be their 50th Anniversary um New Orleans investment conference and that should be a great time well New Orleans is always a great time but it should be a very interesting conference that's what I'm saying and um I'll probably be the one guy talking about tech there you know it's a hard ass hard asset heavy conference but I just think that um this Tech super cycle which we have entered into you know doesn't go in a straight line we've had a little pullback but you want to buy the pullbacks in a super and that's what people should be doing you said uranium is something to keep a close eye on why well because Grand Emperor Putin um recently mentioned uh that uh he thought uh Russia should restrict its exports of uh uranium nickel and titanium and so that happened uh the Wednesday um overnight in Russia and so when the uranium markets woke up uh in the West on Wednesday uranium leverage stocks just soared and then at the end of the day which was really interesting a lot of people shorted those stocks because they said okay it's a one day thing it's a reaction to puon and all that stuff and then what happened Thursday all those stocks went higher again and so that means that the shorts had to cover and they're all dealing with that and oh my God what are we going to do but here's the thing the uranium Market has been poised for a breakout for quite some time there was softness in the spot market so that um long-term prices which had been rising anyway actually got to parody with the spot price which Almost Never Happened usually spot prices are either much higher or much lower but it was weird how that happened now I think um because of the potential for tightness not exactly tightness right now we're still getting plenty of Supply out of like Kazakhstan and Russia though that could change uh but the potential for tightness is probably going to get people more excited longer term in the uranium market and that is great news for some stocks we hold and other stocks we could buy uh that were kind of beaten down they look like Bargains what I buy though is I don't buy explorers and I know that ticks off a lot of listeners to these programs that I talk to because they're all about particular uranium explorers but especially in this kind of Market what is amazing to me is how cheap producers and developers actually trade they trade Dirt Cheap producers certainly developers which will have production coming online and they will have ready buyers for that stuff I mean you can buy them for a dime on the dollar so I think people should be looking at uranium stocks absolutely now if uh Putin's going to restrict uh nickel and titanium have those gone up H you know I mean I haven't looked at those markets um I H titanium Market's hard to play here in the west good luck on it nickel there are some nickel companies you know but it's usually a byproduct to something else so I wouldn't worry about that so much though if like someone really wants to do the work do the digging go ahead you're probably going to find a nickel Explorer and as I said I'm really not buying explorers that ticks a lot of people off but I think I'm better off for it uh going back to crude hurricane Francine has shut down a number of refineries and oil rigs in the Gulf is that going to have a temporary boost to crude prices if or will it cause a shortage as there's so much in storage we don't have to worry well actually uh the um the the uh storage in the US has been tightening up I don't know about storage in Canada the storm was not a strong storm and um it is one of the things that um boosted oil prices off that March low and that's one reason that I'm not buying oil stocks right now because I'm waiting to see what happens once the storm passes if once the storm passes oil prices keep going down maybe we'll find a lower bottom I need oil prices to turn up convincingly before I start buying new positions or adding to existing positions but that is something that I want to do I do think oil prices are cheap now the devil's tobacco marijuana is that going to be uh what's the story there I am turning more bullish on that now here's the thing and um I was quite disappointed because the earliest that the uh drug enforcement agency could reschedule cannabis from uh being on the same level as heroin to being something much less scary like say steroids um was that um the earliest they could have done that was August and that I thought they would but being cowards what they did was they pushed the decision off to December so that um hammered uh hammered the cannabis stocks the I should say us cannabis stocks which had been picking up in advance of that and so but I think now many look super cheap December isn't that far away hell the November election's right around the corner and then December's coming and so we should have some kind of a ruling by then I expect the ruling to be positive and so I do want to own and I do own cannabis stocks right now uh am I underwater a little bit that's okay I can always add two positions if we get another dip but I'm glad I'm in them now and uh I'll probably buy more later Sean anything else you think we should be keeping a really close eye on right now no um let me tell you what my um outlook for the market is and I'd be glad to be proven wrong but I think that at least here in the US and I hate to be so us Centric because I know you have many Canadian listeners but you know the US market is the big dog so you kind of have to watch it and I think that there's so much uncertainty about our election who will win that um that's really going to uh keep a lot of people from investing money until the election is resolved either by having a clear winner before the election or the actual election itself and so I expect things to go sideways to down until we actually get to the election we're having a nice update now um but I still expect sideways to down action the election will make things clear because then somebody's plans for the economy for taxes for deductions for investment that's all going to be the clear winner and so once we have that Clarity I think money is going to come pouring back into this Market especially if interest rates are coming down because one of the things um holding back the stock market now and just a side note and I hate to take so many sidetracks I know there are probably people yelling at their computers or their radios now saying wait a minute you know the priced earnings of the market is like very high and you're not wrong the thing is it can go a lot higher especially if earnings look to go higher and so what's holding things back now is this uncertainty and I think money is going to really be put back into the market market after the election happens because there's so much potential for certain industries after the election and so I'm not looking for much to happen between now and the election which is what no one who's trying to get people to invest in this market should say but I don't care what people do you know I'm paid by my company I don't I do not I I literally do not care what your listeners do they have to make up their own investment decisions for themselves and the way that I'm playing it that I'm playing for my subscribers is we are going to be down maybe downward maybe sideways until the election but then we're going to have things LIF off we might have some things move higher before them that's I'm actually positioning them in in some things which either pay dividends or otherwise have a mode around them that actually protects those stocks but they will do well and so I think that big move is coming it'll uh happen around or after election day and so I think that's what people should look for um but again what any person listening to this has to decide for themselves is how much risk they want to be exposed to and what kind of opportunities they they want to position for now or else wait for later it's all up to the individual I wish everyone good luck and uh it's it's a crazy frustrating market right now but I think we'll have Clarity after election day by the way how can people sign up for your services well if they go to trains.com nose around there you should find wealth meat trends that is my monthly newsletter which is a great place to start it's way way worth more than the price we actually charge for it I swear to God if you knew how cheap it is you would be saying this guy is insane and you're probably right but I mean uh it we are we just have winner after winner in that so look for that one wealth megatrend then I have premium Services as well but start with wealth megatrends see what you think you shouldn't buy something just with some crazy guy on the radio or on the internet talks about it do some research yourself but I think you'll find the research that we do at wh ratings is excellent and the Weiss ratings themselves are one of the most useful tools you will find out there Sean thank you so much thank you my guest has been Sean broadrick senior editor at Weiss ratings.com he was speaking to us from Florida and that wraps up our show for this week we'd like to thank our guests Ross Clark Gerald and Sean bradrick and thank you for listening if you have any questions for the show or for our guests you can send them to info@ house street.com I'm Jim Godard we'll be back next week with more this week in money comments made on this weekend money are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell any Financial instrument at any time archived online onl at talkdigitalnetwork tocom this week in money is a production of house Street Media Incorporated executive producer is Tom Allen