Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ✅ $8,000 Gold in 2027! ✅ - Hear the KEY Reason - (BIG Silver NEWS too)
Transcript
- 0:00Massive uncertainty breaking free in the world tonight.
- 0:04We're going to make sense of it all.
- 0:06We're also going to talk about $8000 gold by 2027 and why Wells
- 0:12Fargo says that will be the case and why it makes perfect,
- 0:16perfect sense to us when we check it out.
- 0:19But let's talk about what's happening right now.
- 0:21There's massive news stories breaking over the weekend about
- 0:24the Middle East. It's impacting the silver and
- 0:26gold market. Let's run out and take a look at
- 0:29the latest price update that we have 4 silver and gold from
- 0:34Kitco. Oh and you can see a
- 0:36advertisement from my channel sponsor first meant over there
- 0:39on the right hand side, but we have silver prices it down
- 0:44almost $2.00 per oz, Gold down about $75 per ounce.
- 0:49Of course, guys, it all has to do with this.
- 0:52Here's CNN telling us that the US Navy fired on and seized an
- 0:58Iranian flag vessel. So think about what's going on
- 1:02right now. And I'm going to help you make
- 1:04sense of it all. We've got the Strait of Hormuz.
- 1:08Is it open? Is it closed?
- 1:10OK, we have the ceasefire. Is there a ceasefire?
- 1:13Is there not a ceasefire? And now they're supposed to be
- 1:16negotiations on Monday. There's differing reports about
- 1:21whether that's going to even happen.
- 1:23The bottom line is we have massive uncertainty right now in
- 1:28the world and tons of volatility.
- 1:32And about the best thing that we can do, we can realize two
- 1:34things. Number one, we need to accept
- 1:37the fact that there's this massive uncertainty.
- 1:39There will be volatility #2 we need to accept that that's the
- 1:45case, that we aren't going to be able to figure it all out.
- 1:48We're not getting all the news. We don't know what's really
- 1:51going on. But what we do know is that in
- 1:54the end, uncertainty in the economic damage that's being
- 1:58done every day right now will be good for the gold and silver
- 2:03price. And we can have a sense of humor
- 2:04as well. This is a three second video
- 2:07that I'm going to share with you.
- 2:11I don't know about you, but this, this one made me smile.
- 2:16And furthermore, God knows what can happen by tomorrow morning.
- 2:22We're recording this on Sunday evening about 7:00 central time.
- 2:26We could have the Strait of Hormuz open, reclosed, and
- 2:30reopened by the time the markets open Monday.
- 2:34Who knows if there's any people that have inside information.
- 2:37That's the other major thing that's going on right now.
- 2:41Tons of speculation about major trades being made right before
- 2:45big news events happen. It's crazy.
- 2:48Again, guys, it's going to be good in the long run for gold
- 2:52and silver #2 for our own Peace of Mind.
- 2:55We have to realize that there's just going to be a ton of
- 2:59uncertainty and that we aren't going to be able to figure out
- 3:02exactly what happens. My, my, my suspicion, and I feel
- 3:05rather strongly about this, is that this could go on for a
- 3:09little bit longer or maybe a lot longer than most people think or
- 3:14most people realize. Let's go check out $8000 gold
- 3:18and why Wells Fargo, right? The big giant financial firm
- 3:23Wells Fargo is telling us to expect $8000 gold by 2020.
- 3:28Second, this comes from International Business Times in
- 3:31the United Kingdom. The gold price could reach $8000
- 3:35by 2027. That's from Wells Fargo.
- 3:39Here's the key driver. And this is going to make really
- 3:42good sense. There's a couple gold bars.
- 3:44You're probably looking at a few of those right now in your
- 3:47basement, It says Wells Fargo believes the ongoing there they
- 3:53are stealing our term again. Debasement trade of central bank
- 3:58selling Fiat currencies for an alternative safe haven could
- 4:02buoy gold prices to new highs. We we are in the 4th debasement
- 4:10cycle that started in 2022. That's according to Oshun Kwan.
- 4:16He said following the recent pullback, gold is now closer to
- 4:20our models fair value of 4500 and all three drivers are likely
- 4:25to suggest further debasement from here.
- 4:29This is where it gets interesting.
- 4:31They they hot highlighted that four out of five economic
- 4:35scenarios indicate further debasement.
- 4:38They did. They did have one out of five
- 4:40scenarios that had gold going to 4000, but 80% of their scenarios
- 4:45had gold going much higher. The current debasement cycle was
- 4:49triggered in 2022, the same year that Russia invaded Ukraine and
- 4:54the US began hiking interest rates, which led to central
- 4:57banks increasing their gold holdings.
- 5:00OK, prior debasement cycles were observed during the Great
- 5:06Depression. A lot of people think that the
- 5:08situation we're in right now has some eerie similarities to the
- 5:12Great Depression when president. Also when President Richard
- 5:16Nixon ended the dollars convertibility to gold in 1971,
- 5:21that was the second debasement cycle.
- 5:23And even during the wars and the recessions of the early 2000s.
- 5:29So now we're in the third cycle. This is where it gets real
- 5:32interesting. Kwan explained that debasement
- 5:35cycles last 8.5 years on average and there were not even halfway
- 5:42through the current cycle, which is only 3.5 years now.
- 5:47Then of course, Ray Dalio, founder of Bridgewater
- 5:50Associates, like the world's biggest hedge fund, he has to
- 5:53pipe in because he's been issuing multiple warnings
- 5:56related to the US economy amid record that in the devaluation,
- 6:01the debasement of Fiat currencies.
- 6:04Ray says that while markets believe factors like central
- 6:08banks buying gold, geopolitical clashes and individuals
- 6:11investors piling into precious metals were the only reasons
- 6:15that pushed gold and silver prices to all time highs.
- 6:20Dalio said in the January ex post that the gold rally was
- 6:24primarily a result of Fiat currency losing real value.
- 6:29And guys, that's the big thing. Everything else is noise.
- 6:34The Straits of Hormuz, the news from the Hormuz is noise, right?
- 6:39All these different things that people talk about and sure, we
- 6:43pay attention to them, those, but they're mostly noise to 1°
- 6:47or another. The bottom line is gold and
- 6:51silver will be driven by the debasement of the US dollar by
- 6:56real interest rates going further and further negative.
- 6:59OK. And how does that happen?
- 7:01Because inflation, right, which is the same thing as loss of
- 7:05value, debasement of the dollar as inflation goes higher and
- 7:10higher and higher. And darn it, there was a great
- 7:13list I wanted to share with you. I forgot to pull it up, but it
- 7:16showed that just since the start of this war in the Middle East,
- 7:20the prices of everything have gone up 3540.
- 7:23Like major components, maybe not at the grocery store just yet,
- 7:28but fuel, all types of minerals, all types of things that are
- 7:31used in manufacturing have gone up. 3540, five, 50%.
- 7:35The inflation is the basement of the dollar, and the US
- 7:39government cannot raise interest rates like they did in the 1970s
- 7:44to fight that inflation because the debt level is so high.
- 7:48Let's look at a crazy chart. I almost didn't share this with
- 7:52you. This looks like one of my high
- 7:55school geometry problems. But silver trade shared this.
- 7:58I think it officially came out from the happy Hawaiian.
- 8:02He said silver's back above the 50 day moving average.
- 8:06We may be dealing with that more tomorrow as we see how the
- 8:10silver market transpires above the 150 hour EMA and the gold to
- 8:18silver ratio broke below the 50 day moving average.
- 8:22So let me just tell you that the happy Hawaiian who generated
- 8:26this chart is one of the smartest guys out there.
- 8:29And as we look at this chart and all those different lines, just
- 8:34believe me, that means that the that the silver price is going
- 8:38much, much higher. Now on a much simpler terms,
- 8:41let's look at what our friend Rashad pointed out.
- 8:44And this is Silver's gigantic five month formation is in
- 8:48breakout mode. He's expecting $200 plus silver
- 8:53price by summer 2026. And look at this.
- 8:57Yeah, this goes all the way back to October of 2025.
- 9:03And again, right, another massive, the wedge triangle
- 9:08pattern, whatever you want to call it, that we have broken out
- 9:11of. Now what I want to point out and
- 9:13what we have talked about many times here in the basement is
- 9:16the importance of this number right here, $72 silver.
- 9:23OK, now we're up in this range. Now I know we're down $2.00 per
- 9:26oz tonight. It's horrible.
- 9:27We don't like it. Oh, guys, so critical.
- 9:31We we remember silver and gold, but silver in particular will be
- 9:36volatile and we are way, way above.
- 9:40I've looked at all the charts, I know all the data.
- 9:43And I'm telling you right now, the line in the sand is $72 to
- 9:48continue this epic bowl run that we are in.
- 9:51And let's go out and check. Let's go out and check.
- 9:56Oh, silver's only down $1.70. Now we're at 7925 in the spot
- 10:02market. We are sitting really in a
- 10:05great, great, great spot when it comes to the silver price and
- 10:08the gold price as well, right, $4750 per oz.
- 10:13Next, we're going to talk about interesting data coming out
- 10:17regarding the silver lease rates.
- 10:19Before we do that, I do want to say thank you to channel sponsor
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- 11:24They're a development stage gold mining company with two major
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- 11:30Quebec. You can learn more about them at
- 11:33firstmininggold.com. Let's look at the silver lease
- 11:37rates. This is getting interesting.
- 11:40All right. This is something that we
- 11:41haven't talked about for about two months, but our friend Carl
- 11:44Merx brings up right on Friday, the one month silver lease rate
- 11:49is back above the 30 day average.
- 11:52What stands out about this is how quickly the lease rate rises
- 11:56when silver goes up. That is a strong sign that the
- 12:01silver bull market is not over. We are not going to call.
- 12:05We're not going to get worried guys until we get to a silver
- 12:09price that approaches $72 per oz, OK?
- 12:12Are you with me on that? Right.
- 12:14Remember, and I'm not saying we are going to get there and if we
- 12:18get to 72 and we go down below that maybe 66, OK.
- 12:22I'm more excited about the prospects for the summer where I
- 12:25I'm in the camp that yes, we could definitely see silver
- 12:29break above 100 in these predictions coming from multiple
- 12:34sources of silver potentially having like a massive breakout
- 12:38over the summer are not out of the question either as well.
- 12:43One more from Rashad. Let's talk about the horizontal
- 12:46lines that everybody's talking about.
- 12:49We've got the, we've got the much talked about wedge pattern,
- 12:54excuse me, that the silver price broke out of, but Rashad put out
- 12:59yesterday. Silver's first target reached at
- 13:01$8083, next one is at $90.00. These are the horizontal
- 13:07resistance levels that are critical for silver to get
- 13:10through again in that March up to new all time highs.
- 13:14The horizontal resistance levels are more important than anything
- 13:20because that's where you've had a lot of sellers in the past
- 13:23and, and buyers who may be looking to get out.
- 13:27But once we clear those levels, we got some pretty, if, if you
- 13:31look on this chart, right, maybe there's a little bit of
- 13:34resistance there around 95, but basically there's, there's, this
- 13:39is a big space. Oh yeah, big space with a :),
- 13:45that's not a really good :), but you get the point.
- 13:48We got a lot of room where we can move up.
- 13:51Let's go to the Kobesi letter and and and get and get some
- 13:57strong reasons why they are optimistic about what is
- 14:02happening in silver right now. And I want to point this out.
- 14:04The Kobe CI can't pronounce it anyway.
- 14:08These guys, they have almost 2 million followers, 2 million,
- 14:12OK. And they're not a metals
- 14:15specific news source, OK? They are they call themselves
- 14:19industry leading commentary on the global capital markets,
- 14:23right. So and now here's let's just
- 14:25read it. I had to highlight this whole
- 14:27thing in silver. The silver market is heading for
- 14:30a six consecutive annual structural deficit.
- 14:33The global silver deficit is projected to widen by 15% year
- 14:38over year in 2026 to 46,000,000 oz.
- 14:41Since 2021, global silver stocks have been depleted by a
- 14:46cumulative 762 million Troy oz, raising the risk of another
- 14:53liquidity crunch in physical silver markets.
- 14:56This guy since 2021, right the above ground, the slush fund,
- 15:01the rainy day fund of silver has been depleted by the pretty much
- 15:06the equivalent of one whole year's worldwide silver mine
- 15:11output. And this all comes as industrial
- 15:14fabrication is estimated to fall, Oh my gosh, 3% year over
- 15:19year to a four year low with the Iran war wearing on global
- 15:23growth wearing on global growth and threatening further demand
- 15:27losses. But coin and bar demand is
- 15:30expected to rise 18% year on year, supported by a recovery in
- 15:36US purchases, offsetting the industrial weakness.
- 15:40Meanwhile, total global silver supply is projected to decline
- 15:452% year on year as minors pull back on production commitments
- 15:49made during the last year's price surge.
- 15:54The silver market has almost never been this tight.
- 15:59The key thing to remember here, this is coming from Kobisi.
- 16:04They are super respected in the global financial markets with
- 16:09almost 2 million followers. And here's the here's the
- 16:13picture. There's the pretty picture,
- 16:15right, the bottom down here. And then you can see this year's
- 16:18deficit. Those that's the silver deficit.
- 16:21That's the world borrowing from the future when it comes to
- 16:26silver. And you know what?
- 16:28Let's do a quick, fun little video.
- 16:30Fun reminder from Gold Silver that Silver did make history.
- 16:35OK, that. Well, here we go.
- 16:37I'll let I'll let our friend from Gold Silver share this with
- 16:40you. Hold on now.
- 16:44We were on the right screen. OK, here we go. 15 seconds
- 16:47actually. Had 10 consecutive months of a
- 16:51higher close. And.
- 16:53I don't know if you guys know this, but that's a record that
- 16:56has never happened before in the history of silver, not even
- 16:58during the 1970s bull market. Yeah, we are in a bull market
- 17:04for silver like we've never, ever experienced before.
- 17:09Next up, this is interesting. Did you know this American, more
- 17:13Americans, I want to dig into this now own more Americans own
- 17:18Bitcoin than gold. 50 million Americans own Bitcoin versus
- 17:23only 37 million that own gold You can see over here right
- 17:28there's gold and here's Bitcoin. My question though is this those
- 17:36are the number of Americans. How much money I would I would
- 17:41suspect that the amount of money that Americans owning gold is
- 17:44hot much higher than that of Bitcoin.
- 17:47And on top of that, right, that shows us that shows us how much
- 17:55opportunity we have when everybody else wakes up the
- 17:58silver, I'd like to see it on silver as well, right?
- 18:00I bet, I bet the silver numbers are even lower.
- 18:03How much opportunity? Remember, it's crazy.
- 18:06We looked at this yesterday when it comes to like gold holdings
- 18:10in the world, India and China households, the people, not the
- 18:16government's or their central banks, their households combined
- 18:20own around 60,000 metric tons of gold.
- 18:24There's only 220,000 metric tons of gold in the whole world.
- 18:29OK, that's like 34%, I don't know, 33, whatever it is 32%,
- 18:34you get my point. Those are just Indian and and
- 18:38Chinese households. When Americans wake up, which
- 18:41were supposed to still be the wealthiest country in the world,
- 18:44it could be like a a wave of new people, right of demand for gold
- 18:50and for silver as well. So we'll keep a close, close eye
- 18:53on that. Now let's start.
- 18:54This is great. This is great.
- 18:56Talking about gold. And when we talk about gold,
- 18:58guys, we're talking about silver as well.
- 19:01Northstar, I didn't realize this was the case.
- 19:04The US dollar is a massive illusion.
- 19:08Step outside the matrix and price everything in gold.
- 19:11You'll be amazed if you do that with house prices.
- 19:15Trust me. OK, but check this out.
- 19:17This chart is super interesting. OK, It shows the NASDAQ.
- 19:23OK, in this century it starts down here.
- 19:26Oh, right, around 1999. So this was the tech bubble.
- 19:30The green line is the NASDAQ. You can see up here in the upper
- 19:34right corner priced in U.S. dollars, right, nominal U.S.
- 19:38dollars since since the tech bubble that was about right
- 19:41here, you know, the NASDAQ went down.
- 19:44And then as you can see where my red line is priced in U.S.
- 19:46dollars, the NASDAQ went up. But if you price the NASDAQ over
- 19:53that period of time in gold, that's the black line priced in
- 19:59gold since the tech bubble burst, right?
- 20:03Or since the start of the century, the NASDAQ is down 65%.
- 20:12So there's a big difference between nominal returns, real
- 20:16returns, and returns that are actually priced in gold, priced
- 20:21in gold. OK, and now let's go to this.
- 20:24Let's just talk about some doom and gloom that's out there right
- 20:27now in the US economy number one and I've been meaning to share
- 20:31this with you for a couple weeks, but this is astounding
- 20:35right to show us what's happening in the US housing
- 20:38market. This comes from bar chart says
- 20:40breaking U.S. housing market home sellers now home sellers
- 20:45now outnumber buyers by 630,000, the largest gap ever recorded
- 20:52ever. OK, there's sellers over here
- 20:55and heck, this goes back what, all the way to 2012, OK, and you
- 20:59can, especially after C-19, the red line are buyers.
- 21:05The buyers were much, there were a lot more buyers than sellers
- 21:09now. OK, over here, you've got
- 21:12sellers way up here. What about 2 million people
- 21:15looking to sell houses and only about 1.4 million looking to buy
- 21:22houses? That is the biggest discrepancy
- 21:26where we've had more sellers than buyers in history.
- 21:29And then we get this from the New York Times.
- 21:32And this is going to tell us everything we need to know about
- 21:36where gold and silver are going. Hold on here, here we go from
- 21:43the New York Times. The Middle East war will slow
- 21:46global growth, the global economic growth.
- 21:49That's from the IMF. The IMF, right?
- 21:52Who's paid to be optimistic. The conflict could also fuel
- 21:55another bout of inflation, according to the International
- 21:58Monetary Fund. All right, there we go.
- 22:01There's a shipping container that's not going.
- 22:04IMF projection showed a global economy that was stopped in its
- 22:08tracks by the US war in Iran. I want you to think about this
- 22:13and why, and that's from Alan whoever, OK, I want you to think
- 22:16about this and why this is so important.
- 22:19We know, we know that the worldwide economy is slowing.
- 22:24Those of you who are in the United States, like me, we may
- 22:27not be feeling it as much, but Europe, which is massive when
- 22:31you combine them all together, China, Asia, they are being much
- 22:36more massively impacted by what is the biggest energy crisis in
- 22:41the history of the world from what I'm hearing, way bigger
- 22:45than what happened in the 1970s. So we've got major stress on the
- 22:49world economy, OK, Again, when you factor in right, how this
- 22:54this is having a major impact in Asia and Europe and that will
- 22:57impact the United States, a slowing economy.
- 23:01And at the same time, like they said and like I talked about
- 23:04earlier, all the the prices of all the inputs into everything
- 23:09that we consume in the world are going up through the roof
- 23:12because of what's going on. We also have inflation.
- 23:16So we have a slowing world economy and we have inflation
- 23:20taking foot in the world. That is stagflation, stagnant
- 23:26economy with inflation. There's nothing that central
- 23:31banks can do about it, and they're even more neutered.
- 23:34Now look again during the 1970s, we went through a period of
- 23:38stagflation in the United States.
- 23:40During that time period, the price of silver went from $1.50
- 23:45all the way to $50 per oz, and everybody blamed it on
- 23:50stagflation. Oh, there was a war in the
- 23:52Middle East. There was an energy crisis,
- 23:54excuse me, Very similar to what we are experiencing right now,
- 24:00except now we went into this in much worse condition than we did
- 24:05in the 1970s. Paul Volcker raised interest
- 24:09rates to 15%. They can't raise interest rates
- 24:13to 15% now, not when there's $40 trillion in national debt.
- 24:18They are in a box like nothing before.
- 24:21I'll get them out for you. OK, Hold on here.
- 24:24Let's get them out. It's been a while and he's going
- 24:27to be going bye bye soon. We're not supposed to open this,
- 24:29but we will, right? We talked about this guys.
- 24:32I'm not taking a victory lap. We talked about it together for
- 24:36the last three years. The reason why I put your own
- 24:39Powell in a box was because of stagflation, A recession, an are
- 24:44for recession and an eye for inflation.
- 24:48Go back and check. We talked about it.
- 24:50We said it was coming. We knew it was coming.
- 24:52It's here now. And when there's stagflation,
- 24:55the central bankers can't do anything.
- 24:59Because think about it, if they want to fight inflation, right,
- 25:03they got to raise interest rates, which they can't really
- 25:06do right now anyway, right? But if they raise interest
- 25:09rates, right, that makes the recession worse.
- 25:11And if the recession gets worse, then all they can do is cut
- 25:14rates. But if they cut rates, that
- 25:16makes the inflation worse. Do you see?
- 25:18They're literally in a box, right?
- 25:21It's the worst nightmare for any central banker.
- 25:25I'm telling you, if we got on a bus or a train or a plane and
- 25:29went to Washington, DC and walked up outside the Federal
- 25:32Reserve as close as they let us get and screamed stagflation,
- 25:36they'd all come scattering out of the building like scared
- 25:39mice. They hate that word.
- 25:41They hate the notion of stagflation, and there's nothing
- 25:45they can do. And we are in is so critical for
- 25:48us to remember right. Yes, I can hear you others
- 25:53upstairs, Susie, everybody say hi to our good friend upstairs.
- 25:56Susie. They, they, they can't, they're,
- 26:00they're, they, are they, they? It's, it's a situation,
- 26:05unfortunately, where there's going to be some challenging
- 26:10times at the Federal Reserve and in the United States economy.
- 26:14And it's going to result in much, much higher gold and
- 26:17silver prices. Upstairs, Susie alerted me.
- 26:20We got a super chat. Let's see who's going to be
- 26:22famous on the Internet tonight. It's going to be all right.
- 26:26Our good friend Dave Russo. Hello, Ron and Susie, greetings
- 26:30from Long Beach, CA, where the Grand Prix has just concluded.
- 26:35Had a great time to add to my What a great time to add to my
- 26:39silver stack, our good friend Dave.
- 26:40Dave, Wait a minute, Dave, you're famous on the Internet.
- 26:45You're famous in the basement. All right, guys, it's going to
- 26:48be a wild, wild ride. Remember, volatility is part of
- 26:53the game when it comes to silver in particular, OK, There's going
- 26:57to be big UPS, big downs. Where are we going to be a year
- 27:02from now? Where are we going to be 5 years
- 27:05from now? Where are we going to be 10
- 27:07years from now? I know where we're going to be.
- 27:10We're going to be down here in the basement together because
- 27:12you're going to hit that subscribe button, which is free.
- 27:15Please subscribe. And we're going to be smiling 10
- 27:18years from now about where the metals markets are and that we
- 27:22made that decision to protect ourselves with silver and gold.
- 27:27Remember, we cannot, don't, don't drive yourself crazy
- 27:31trying to understand what you know.
- 27:34Of course, we want to follow the news.
- 27:36What's happening? And we don't like war.
- 27:38Nobody likes war. I mean, I I was out working
- 27:40earlier today trying to fix a leak in our roof and I thought I
- 27:44was complaining and you know, I'm 56 years old hauling around
- 27:48a ladder and and but I thought, wow, at least I'm not worried
- 27:50about a bomb or a bomb or a missile coming down and and
- 27:53hitting us. But there's going to be major
- 27:56Volo. The point I was trying to make.
- 27:58Sorry, I am getting a little older is I think the best we can
- 28:02do is accept the fact that there's going to be a lot of
- 28:06uncertainty. My prediction this could go on
- 28:09for a little bit lot bit longer than most people realize with
- 28:14what's going on in the Middle East.
- 28:15I mean already right the straight the the Straits is the
- 28:19Strait of Hormuz is open. It's closed.
- 28:21It's open, it's closed. We're going to I'm hearing
- 28:23reports. I don't even know.
- 28:25You can't follow. You don't know what to believe
- 28:27that they're going to have negotiations on Monday and where
- 28:31Turkey I think it is. And then no, they're not.
- 28:34And Iran says, no, we're not coming.
- 28:35But Iran, the, our government says they are coming.
- 28:39Big, big threats coming from Washington, DC toward Iran.
- 28:43It's just, it's absolutely too much for any one person.
- 28:48And, and the reality is we don't really, really know what's going
- 28:51on. So for Peace of Mind, I think
- 28:54what we do is realize there's a lot of uncertainty out there,
- 28:58but realize also remember gold and silver love uncertainty and
- 29:03gold and silver have seen this before many, many times over
- 29:07thousands of years and have done very, very well.
- 29:10Hey, thanks for joining me down here in the basement.
- 29:13It's a big deal. We appreciate you.
- 29:15Have a great night. Thank you, Dave again for the
- 29:17Super chat. Be good and I'll see you.
- 29:20Yep, we see you and we'll see you next time.
- 29:23Bye bye.