Is Gold & Silver Done Falling- The Truth About This Market Crash.

0:00This is an iHeart Podcast. Guaranteed Human.

0:31moments, perspectives, and experiences that don't always make the textbook. Let me tell you about Garrett Morgan. Bruh had to pretend he didn't even exist just to sell his own invention. Listen to I Didn't Know. Maybe you didn't either. From the Black Effect Podcast Network, on the iHeartRadio app, Apple Podcasts, or simply wherever you get your podcasts. I didn't know.

0:561969, Malcolm and Martin are gone. America is in crisis. And at Morehouse College, the students make their move. These students, including a young Samuel L. Jackson, locked up the members of the Board of Trustees, including Martin Luther King Sr. It's the true story of protest and rebellion in Black American history that you'll never forget. I'm Hans Charles. I'm Menelik Lumumba. Listen to The A-Building on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts What if mind control is real? If you could control the behavior of anybody around you what kind of life would you have?

1:31Can you hypnotically persuade someone to buy a car? When you look at your car you're going to become overwhelmed with such good feelings Can you hypnotize someone into sleeping with you? I gave her some suggestions to be sexually aroused Can you get someone to join your cult? NLP was used on me to access my subconscious Mind Games a new podcast exploring NLP, a.k.a. neurolinguistic programming. Is it a self-help miracle, a shady hypnosis scam, or both? Listen to Mind Games on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Gold and silver crashed last week. Silver had its largest crash since 1980.

2:14It went down 30 % on Friday. Gold was down 15 % one day. that was the largest drop in 40 years. And a lot of this is due to the new Fed chair. Allegedly, some of it is due to the new Fed chair. Maybe they just use it as an excuse to crash the market. We'll talk about the new Fed chair later. And he's interesting because it's like, you know, he's married too. I thought that was fascinating. Jane Lauder. Hello. Generational Wealth. May have heard of the last name. And then her father, her father, Ronald Lauder, company that they own is called Estee Lauder. Perhaps you've heard of it. Ronald has happens to be one of Donald Trump's best friends.

3:04And some contribute him to coming up with the idea to take Greenland. Yep. They say that that was actually his idea. So it's all in a family. Relationships, once again, power of relationships, right? The son-in-law, Donald Trump's best friend's son-in-law is now the Fed chair. Interesting. You think you're determined? Well, that goes back to the price of gold, right? So people, it dropped because it's like, okay, now we're going to have a strong dollar because we have a new Fed chair. But I think that's just temporary in my opinion because what's going to change? Nothing is really going to change.

3:44Still going to be spending money. Still going to have a tremendous amount of debt. still haven't figured out how to actually, you know, raise taxes efficiently or cut spending efficiently. So the overarching theme, at least for gold, that made gold go up. I don't think anything changed. I just think that it was just a short term. And like I said, some people have claimed some level of market manipulation from the big dogs to actually liquidate and close. a lot of people got squeezed out of positions, a lot of profit taken when something happens that drastically. And, you know, it went up so far, so it was bound to come back down.

4:27But the overarching theme that made gold go up, I don't think anything has changed since then. I think the confidence in the dollar is still low. The debt's still high. We're still going to be spending a tremendous amount of money. I mean, I don't think lowering interest rates just solves every single problem in the world. No. yeah i think you answered it yeah i'm with you i don't think anything the only thing that has changed is that people saw the run-up and decided all right this might be a place to take some profit if we were talking about the year and gold being 5200 or 52 yeah 5200 5500 and we're at 5200 and it's january 30th oh yeah yeah yeah we just take part and and to the point where it ran so fast, right?

5:15We saw new price targets. I saw a couple of analysts had it at$6 ,300. It sounds good, yeah. It sounds good. So you see these precious silvers, same thing. The story hasn't changed, and I think people need to understand that, right? You can watch something on the minute, you can watch it on the hourly, you can watch it on the day. Has the story changed? And if the story hasn't changed, then the investment's going to be the same, right? people are going to take profit. That's part of it. In fact, people need to take profit when you see an asset run up like that. What's your metrics for when you're going to take profit or how long you're going to stay in a position?

5:53And that's what we're seeing. The story has not changed. The element is still there. And even on the stock side, considerable drawdowns, Oracle negative 49, Coinbase negative 55, Lululemon negative 65, Target negative 42, Adobe negative 53, Nike negative 52. So when you talk about sector rotation, a thing that I hate for retail investors, but one thing you do have to be mindful of is how do you hedge if the market is falling apart? Gold has been a preeminent asset to invest in for a long period of time. I think we went up too fast. There was some rumors, like you said, by others of market manipulation potentially and how far it fell like big institutions need room in order to exit some positions got squeezed and here we are um i would like to re-intergo it at 42 19 if we get there and silver at 63 33 um do i think we'll go back up to 5200 for sure it's going to take time but if you missed this first run up, wait to get back in.

7:01And for those of you who've been trading gold futures, great job. Like a lot of you have made between 10 and 40 grand over the last month and a half trading it. So stay locked in. But 42.19 is a area that I like to load up on gold and then silver 67.33. Yeah, I think people like they look at us themselves as obviously retail investors. And sometimes you'll see a position running like, man, I missed it. and it keeps running, right? But you got to think there's institutional investors and hedge fund managers who are in the same exact boat. Absolutely. They're in the same exact boat with a lot more capital.

7:36And they're like, I missed that run. We, you know, I can't wait. We got to have a pullback for us to get into that position. And lo and behold, you see short sales and okay, here comes a new opportunity for us to enter the position. You'll enter it and you'll see it tick back up. Yeah. Okay. The thing with gold is that over the last 50 years, gold has increased 2 ,700 % over the last 50 years. Yep. And the American dollar has decreased, the value of the American dollar has decreased 85%. So do with that information what you would like. But gold has gone up 2 ,700 % over the last 15 years, 50 years, and the dollar has decreased in value 85 % over the last 50 years.

8:23So if history has any indication, there's no need to panic on the gold side. Oh, for sure. And that trend won't reverse any time soon. Yeah. And that's when we talk about long-term investment, you just keep it. Black history lives in our stories, our culture, and the conversations we still have in today. This Black History Month, the podcast I Didn't Know, Maybe You Didn't Either, digs into the moments, perspectives, and experiences that don't always make the textbook. Let me tell you about Garrett Morgan. Bruh had to pretend he didn't even exist just to sell his own invention. Listen to I Didn't Know.

9:01Maybe you didn't either. From the Black Effect Podcast Network, on the iHeartRadio app, Apple Podcasts, or simply wherever you get your podcasts. I didn't know.

9:141969. Malcolm and Martin are gone. America is in crisis. And at Morehouse College, the students make their move. These students, including a young Samuel L. Jackson, locked up the members of the Board of Trustees, including Martin Luther King Sr. It's the true story of protest and rebellion in Black American history that you'll never forget. I'm Hans Charles. I'm Menelik Lumumba. Listen to The A-Building on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. What if mind control is real? If you could control the behavior of anybody around you, what kind of life would you have?

9:49Can you hypnotically persuade someone to buy a car? When you look at your car, you're going to become overwhelmed with such good feelings. Can you hypnotize someone into sleeping with you? I gave her some suggestions to be sexually aroused. Can you get someone to join your cult? NLP was used on me to access my subconscious. Mind Games, a new podcast exploring NLP, a.k.a. neurolinguistic programming. Is it a self-help miracle, a shady hypnosis scam, or both? Listen to Mind Games on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. This show contains information subject to, but not limited to personal takes, rumors, not-so-accurate stats, and plenty more.

10:31What's up, man? This your boy, Nell Green, from the Broken Play Podcast. Look, it's the end of the season. The playoffs are here. But guess what? It ain't the end of your season. You can always tune in with Broken Play Podcast with Nav Green on the Black Effect Podcast Network. Not a team who ain't going to the playoffs. They're Chiefs. It's time to rebuild. Listen to Broken Play with Nav Green from the Black Effect Podcast Network on the iHeartRadio app, Apple Podcasts, or whatever you get your podcasts. This is an iHeart Podcast. Guaranteed human.