Latest / The Paul Barron Crypto Show / Fed Meeting with Jerome Powell Rate Cuts vs Crypto Market📈

Transcript

Fed Meeting with Jerome Powell Rate Cuts vs Crypto Market📈 · The Paul Barron Crypto Show

• 0:03
  Speaker 1: All right, it is FOMC day and of course we'll
• 0:05
  Speaker 1: break it all down. We're going to have chair Pal
• 0:07
  Speaker 1: coming to the press stand here at a minute, and
• 0:10
  Speaker 1: if you guys don't know, this is how we do
• 0:12
  Speaker 1: these live streams, so welcome in. We're going to be
• 0:15
  Speaker 1: covering what chair Pal will be addressing in reference to
• 0:18
  Speaker 1: the press corps and a lot of the indicators on
• 0:21
  Speaker 1: forward looking statements is the most important thing on how
• 0:26
  Speaker 1: this plays out into the crypto markets. So it's going
• 0:28
  Speaker 1: to be a good one today. I do want to
• 0:30
  Speaker 1: thank our sponsor and that's I Trust Capital. If you
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  Speaker 1: our link down blow it's going to give one hundred
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  Speaker 1: dollars funding reward to get started. Let's go into some
• 0:58
  Speaker 1: of the news, of course, as it probably been following
• 1:01
  Speaker 1: over on X, the FED has decided to pause interest rates,
• 1:05
  Speaker 1: remaining at a three and a half to three seven five.
• 1:07
  Speaker 1: So we will see more pressure I think from both
• 1:11
  Speaker 1: Vesent and Trump going at chair pal of again, the
• 1:16
  Speaker 1: too late pal moniker that starts to push in on
• 1:19
  Speaker 1: what's happening right now, And if you look at where
• 1:22
  Speaker 1: we are overall, there's a lot going on in the
• 1:25
  Speaker 1: market that you would say, Okay, maybe there's a reason
• 1:28
  Speaker 1: for a pause. You hit a seven thousand all time
• 1:30
  Speaker 1: high at the S and P. I mean, this is
• 1:32
  Speaker 1: crazy to see the S and P five hundred at
• 1:35
  Speaker 1: seven thousand, Absolutely insane. By the way, if you guys
• 1:39
  Speaker 1: aren't subscribed to the channel, make sure and do that
• 1:40
  Speaker 1: right now and hit the little bell. So when we
• 1:43
  Speaker 1: do these live streams, you're going to get notified. Hopefully,
• 1:46
  Speaker 1: if that's all working with YouTube, you'll get notified off
• 1:49
  Speaker 1: when we do these live streams that we can enjoin
• 1:50
  Speaker 1: at the right time and you won't just discover that
• 1:53
  Speaker 1: we're live out there on YouTube. Another thing that plays
• 1:56
  Speaker 1: into this, which is interesting is that right there eight thousand,
• 2:01
  Speaker 1: Come on, guys, thirty five percent chance eight thousand this year.
• 2:06
  Speaker 1: Let me know if you think that will happen, just
• 2:08
  Speaker 1: put eight thousand in the comment down below. That'll tell
• 2:11
  Speaker 1: me you think it's gonna happen. I just don't know.
• 2:14
  Speaker 1: That would be an absolute, unbelievable bullish market. I just
• 2:19
  Speaker 1: wonder where risk assets would be based on that, because
• 2:23
  Speaker 1: the Fed is going to hold out. And remember JP
• 2:26
  Speaker 1: Morgan is still anticipating no cuts this year, even though
• 2:30
  Speaker 1: everybody else is saying, wait a minute, you could run
• 2:32
  Speaker 1: the risk of disinflation if we continue to see this
• 2:35
  Speaker 1: flowing down. Obviously, the Powell's douvish pause right now, which
• 2:40
  Speaker 1: was what was expected, one thing to kind of keep
• 2:43
  Speaker 1: an eye on, and I think this is right. Devish
• 2:46
  Speaker 1: or Hockey's tone for power will ripple through stocks, especially
• 2:50
  Speaker 1: major tech earnings. We've got Microsoft this week, Tesla, Meta,
• 2:53
  Speaker 1: all of this landing after the close today, so I'm
• 2:56
  Speaker 1: kind of curious how this is going to hit them.
• 2:58
  Speaker 1: If you look at trueflation, which is a good barometer
• 3:02
  Speaker 1: for I think real inflation. I know the CPI is
• 3:07
  Speaker 1: kind of the end. I'll be all, but this is
• 3:09
  Speaker 1: data that's being pulled in immediately, and when you look
• 3:13
  Speaker 1: at what's behind this, the amount of research and real
• 3:16
  Speaker 1: data that's coming in on true inflation. I think it's
• 3:18
  Speaker 1: a better indicator. And of course, right here is the
• 3:21
  Speaker 1: sixth month from the high what is this two point
• 3:23
  Speaker 1: seven to zero all the way down here to where
• 3:26
  Speaker 1: we are floating right now at one point one six,
• 3:28
  Speaker 1: which is insane as we see that cliff on inflation,
• 3:33
  Speaker 1: and I think a lot of this has come from
• 3:34
  Speaker 1: lower gas and energy prices. We're starting to see some
• 3:37
  Speaker 1: food products that are hitting the streets much lower, and
• 3:41
  Speaker 1: in general, I think all of this is also starting
• 3:43
  Speaker 1: to indicate and translate into real estate along with everything else.
• 3:47
  Speaker 1: Stick around because we are going to do the live
• 3:49
  Speaker 1: here in a second with chair Pal. He goes on
• 3:51
  Speaker 1: usually around two thirty every time he does one of
• 3:54
  Speaker 1: these conferences, and the things in case you've never been
• 3:58
  Speaker 1: on one of these before, the way it works is
• 4:02
  Speaker 1: we'll show his comments primarily to the questions of most
• 4:06
  Speaker 1: of the financial reporters coming out of Wall Street. Now
• 4:09
  Speaker 1: there's a handful of them that you want to pay
• 4:12
  Speaker 1: attention to. Rick Timmeros from the Wall Street Journal. He's
• 4:15
  Speaker 1: usually really good. Bloomberg has some good analysts in there
• 4:19
  Speaker 1: that usually have some good indicators. But I think everybody's
• 4:21
  Speaker 1: going to be asking. The one question is when cut?
• 4:25
  Speaker 1: When cut? And whether this goes beyond his tenure, because
• 4:30
  Speaker 1: remember he's only got I think two more meetings FORMC meetings.
• 4:34
  Speaker 2: Before his position could be replaced.
• 4:37
  Speaker 1: Whether this is going to be Rick Reader or you
• 4:39
  Speaker 1: know who else we'll see, but right now, that's the issue.
• 4:44
  Speaker 1: We did the poll. Of course, reflation at one point
• 4:46
  Speaker 1: one six fed target two percent. Surprise right incoming, not
• 4:50
  Speaker 1: a chance was the winner. So you guys, of course
• 4:54
  Speaker 1: were correct on the audience there.
• 4:56
  Speaker 2: Nice job.
• 4:56
  Speaker 1: I love it when you guys know what's up. Other
• 4:58
  Speaker 1: thing I want to get into is this whole issue
• 5:01
  Speaker 1: around the value of the dollar.
• 5:03
  Speaker 2: And I'll zoom in on this.
• 5:04
  Speaker 1: Tweet right here, because a lot of people didn't really
• 5:07
  Speaker 1: understand what Trump was indicating. And when he says the
• 5:11
  Speaker 1: value of the dollar is great, it really boils down
• 5:15
  Speaker 1: to a handful of things that it impacts. And this
• 5:18
  Speaker 1: was the clip. I think we're gonna play that clip. Actually,
• 5:20
  Speaker 1: let's do that. Let's go to the clip real quick.
• 5:24
  Speaker 3: I'm starting to hear comparisons late last week, today, yesterday
• 5:28
  Speaker 3: to this feels like early twenty twenty five and Liberation
• 5:31
  Speaker 3: Day all over again. Really, this is a real sort
• 5:34
  Speaker 3: of dollar focused impulse to sell. You'd expect to see
• 5:37
  Speaker 3: the dollar weaker as stock's strengthen they have a negative correlation,
• 5:42
  Speaker 3: particularly the dollar as a traditionally Hayman asset. We didn't
• 5:45
  Speaker 3: see that late last year. The stock's, the dollar, treasury
• 5:47
  Speaker 3: say we're all falling together. So I think that's the
• 5:49
  Speaker 3: big question right now is will we see that again.
• 5:52
  Speaker 3: I don't think we are yet.
• 5:53
  Speaker 1: If for any indications that there's higher rates coming we're
• 5:55
  Speaker 1: talking about that could put some a floor under the
• 5:57
  Speaker 1: dollar correct.
• 5:58
  Speaker 3: That could definitely help JP Morgan when they came out
• 6:01
  Speaker 3: with their big currency forecast.
• 6:03
  Speaker 2: Late last year. They're barish on the dollar.
• 6:05
  Speaker 3: But the big risk to their barish dollar view is
• 6:08
  Speaker 3: the Fed has to turn around a hike again. We
• 6:10
  Speaker 3: might not see that, but that's the risk.
• 6:14
  Speaker 1: I don't know if people are not moving to this
• 6:18
  Speaker 1: data just yet. Because you look at gold obviously starting
• 6:21
  Speaker 1: to fly. I don't know if it's up above fifty
• 6:23
  Speaker 1: three hundred yet, but it was close this morning. And
• 6:26
  Speaker 1: then of course what we've already seen with the S
• 6:28
  Speaker 1: and P five hundred, This is I don't know, man,
• 6:31
  Speaker 1: I think You're going to continue to see a push
• 6:33
  Speaker 1: to safe assets, flight to quality, whatever you want to
• 6:37
  Speaker 1: call it, and we're going to see more of that,
• 6:39
  Speaker 1: which I think still puts a lot of pressure on
• 6:41
  Speaker 1: risk assets. The one thing that is not in the
• 6:44
  Speaker 1: cards though, yet, I think is clarity. And of course
• 6:47
  Speaker 1: senat Agbil is the big day tomorrow. This may be
• 6:51
  Speaker 1: a nothing burger for crypto today on the FMC meeting
• 6:55
  Speaker 1: unless powerpuls something out because he's worried about where these
• 6:59
  Speaker 1: markets are trending based on dollar devaluation. But you consider
• 7:03
  Speaker 1: right now what's happening in DC. I think that is
• 7:06
  Speaker 1: the big trigger point going forward of what the markets
• 7:10
  Speaker 1: are going to look like very soon. Bloomberg also had
• 7:14
  Speaker 1: a statement in here. It said, it feels like Liberation
• 7:16
  Speaker 1: Day again, but a little bit different.
• 7:18
  Speaker 2: Listen to the clip, but really.
• 7:21
  Speaker 4: There's almost no informational value, and which should be probably
• 7:24
  Speaker 4: completely discounted. What I mean by that is Trump's you
• 7:28
  Speaker 4: welcomness to a softer dollar is not new. He's constantly
• 7:31
  Speaker 4: expressed that, and as Robert Kaplan outlined, you know, Trump
• 7:34
  Speaker 4: wants to remake US as an industrial power house, but
• 7:37
  Speaker 4: in reality, it's financial services is power, and so therefore
• 7:41
  Speaker 4: that Trump's the kind of exports basis as Robert Kaplan outlined.
• 7:44
  Speaker 4: But that's know how Trump sees it. So this isn't
• 7:46
  Speaker 4: a new view from Trump. And I think that in
• 7:49
  Speaker 4: context of the latest dollar weakness is with the context
• 7:51
  Speaker 4: that Trump's policy has been slightly undermined. He had a
• 7:55
  Speaker 4: backtruck in Greenland. He's kind of slightly de escalated when
• 7:58
  Speaker 4: it comes to Minneapolis. He he threatened Conda with tarffs.
• 8:01
  Speaker 4: That was kind of ignored. He threatened Korea on Tarft's
• 8:03
  Speaker 4: on the stock market boomed. So in the context that
• 8:06
  Speaker 4: his comments of being slightly undermined, why are we suddenly
• 8:09
  Speaker 4: putting so much weight in him reiterating an old view,
• 8:12
  Speaker 4: I don't see why. So for me, I embarrassed the
• 8:15
  Speaker 4: dollar structure, But I don't think this is a reason
• 8:16
  Speaker 4: to sell the dollar.
• 8:18
  Speaker 2: All right. So that was Mark I.
• 8:19
  Speaker 1: Moore, one of my favorite analysts over there, Bloomberg not
• 8:22
  Speaker 1: a reason to sell the dollar. I'm in a disagreement
• 8:24
  Speaker 1: with him. I do think it is a reason we're
• 8:26
  Speaker 1: going to continue to see a little bit of a
• 8:28
  Speaker 1: down trend, which again gets back to the point I
• 8:31
  Speaker 1: think that is going to push more into a lot
• 8:33
  Speaker 1: of these commodities going forward. Let's go to the Kobe
• 8:36
  Speaker 1: ec letter because they kind of outlined here a week
• 8:39
  Speaker 1: of dollar helps drive the following a little bit sarcastic here,
• 8:42
  Speaker 1: but loser financial conditions, ray cuts, higher nominal GDP growth,
• 8:46
  Speaker 1: higher asset prices. We're all experiencing that with if you're
• 8:49
  Speaker 1: in token is security or securities right now, or in
• 8:52
  Speaker 1: token ised securities, hire.
• 8:54
  Speaker 2: Us ex sports.
• 8:54
  Speaker 1: Lower trade deficit, that's a big one that best and
• 8:57
  Speaker 1: of course is trying to manage and then easier debts
• 9:00
  Speaker 1: servicing for the government. That's the one thing that kind
• 9:03
  Speaker 1: of works but doesn't because we're not even though we're
• 9:05
  Speaker 1: seeing lower dollar valuation, the issue is still the Fed
• 9:10
  Speaker 1: fund rate, which is still holding at a significant greater
• 9:14
  Speaker 1: amount than what we've been able to service debt in
• 9:16
  Speaker 1: the past. So that's why Trump basically said the dollar's
• 9:20
  Speaker 1: doing great because it's helping all these.
• 9:21
  Speaker 2: Other areas right there.
• 9:22
  Speaker 1: I do see your comments coming in. We may try
• 9:25
  Speaker 1: to answer a few questions for you guys as well,
• 9:27
  Speaker 1: so you can drop those in there as well. Love
• 9:31
  Speaker 1: to kind of get into those. I love the comments
• 9:32
  Speaker 1: because some of them are kind of funny. Let's get
• 9:35
  Speaker 1: into some other tweets here and again, as I reminded everyone,
• 9:39
  Speaker 1: if you're brand new into the stream, we will be
• 9:41
  Speaker 1: going live with a chair pal. He will address the
• 9:45
  Speaker 1: press corps. We'll get a chance to get forward looking
• 9:47
  Speaker 1: statements from him, and it's very key to how he responds,
• 9:52
  Speaker 1: because if he gives any indication that maybe the next
• 9:55
  Speaker 1: FED meeting, or if it's going to look like even
• 9:58
  Speaker 1: past his tenure for the Board of Governors, is even
• 10:02
  Speaker 1: considering a rate cut, all that will matter into these
• 10:05
  Speaker 1: risk markets. For sure, US dollar is testing same zone
• 10:10
  Speaker 1: that triggered the twenty seventeen and twenty twenty one bull run.
• 10:14
  Speaker 1: That's a big deal because if we get that kind
• 10:16
  Speaker 1: of indicator right now on the Dixie, this could be
• 10:20
  Speaker 1: an interesting summer for bitcoin and also for crypto.
• 10:24
  Speaker 2: So be on the lookout here, guys.
• 10:26
  Speaker 1: This next few months are going to be pretty very
• 10:29
  Speaker 1: I think very important. The twenty twenty pandemic period, this
• 10:33
  Speaker 1: of course, was after a lot of liquidity in the
• 10:35
  Speaker 1: enter of the markets. The Dixie lost ninety six again,
• 10:37
  Speaker 1: that was the big one that you're watching. Bitcoin rows
• 10:40
  Speaker 1: seven x in the next seven eight months. Eth and
• 10:42
  Speaker 1: all coins gain ten and twenty x and more. Now,
• 10:45
  Speaker 1: I don't think we'll see a lot of the all
• 10:48
  Speaker 1: coins in that market because it's a different kind of
• 10:51
  Speaker 1: market now than what it was in twenty twenty one.
• 10:54
  Speaker 1: In twenty twenty versus now, I think it's a little
• 10:56
  Speaker 1: bit of a different game, So just be aware of
• 10:59
  Speaker 1: that if you are out there.
• 11:01
  Speaker 2: Investing in some of these all coins.
• 11:02
  Speaker 1: Government shutdown is another issue right now that we are
• 11:06
  Speaker 1: dealing with. The current chance is seventy seven percent, much
• 11:09
  Speaker 1: higher than I would like, but the likelihood I think
• 11:13
  Speaker 1: is still putting pressure on this administration around a lot
• 11:16
  Speaker 1: of its policies, and we all know some of the
• 11:18
  Speaker 1: challenges that that itself has been facing, so that may
• 11:22
  Speaker 1: cause a little bit of a problem. Best in the
• 11:25
  Speaker 1: course comes in interesting statement here on potential for US
• 11:29
  Speaker 1: government shutdown. Don't know what to expect. So I don't
• 11:32
  Speaker 1: know if he's just given up on Congress in the
• 11:34
  Speaker 1: sense of who knows what they're up to, or if
• 11:36
  Speaker 1: maybe he's got some strategy here that's not trying to
• 11:39
  Speaker 1: sway one way or the other to make sure we
• 11:42
  Speaker 1: get votes in to keep this thing open. And it
• 11:44
  Speaker 1: may be a last minute. It's probably going to come
• 11:46
  Speaker 1: through as a last minute vote that will either keep
• 11:49
  Speaker 1: it open or shut it down. Obviously, many of the
• 11:52
  Speaker 1: things are centered around the funding of ice et cetera.
• 11:55
  Speaker 1: I mean, there's a lot right now in DC that
• 11:57
  Speaker 1: they're dealing with.
• 11:59
  Speaker 2: Other things. You kind of have to look at.
• 12:01
  Speaker 1: Is institutions still not buying the dollar devaluation narrative, at
• 12:04
  Speaker 1: least not yet. Black Rock course depositing more bitcoin and
• 12:09
  Speaker 1: ether into coinbase, though, so that tells you something for sure.
• 12:14
  Speaker 1: I'm not sure when the Clarity Meeting bill. I just
• 12:18
  Speaker 1: saw a note on here. When the Clarity bill, it's
• 12:20
  Speaker 1: not the Clarity bill, it's the Senate bill that's going
• 12:22
  Speaker 1: to be voted on tomorrow.
• 12:24
  Speaker 2: And if it.
• 12:24
  Speaker 1: Does fail, well, first of all, if it goes through, obviously,
• 12:28
  Speaker 1: I think this is a big indicator for what clarity
• 12:29
  Speaker 1: we'll do. It we'll go through eventually, depending on the
• 12:32
  Speaker 1: negotiations of how they're going to deal with stable coin yields.
• 12:35
  Speaker 1: But if it does fail, that may be a win
• 12:37
  Speaker 1: as well, because it's going to give us an idea
• 12:40
  Speaker 1: of where and what votes we.
• 12:42
  Speaker 2: Need to pull this across the line.
• 12:44
  Speaker 1: So it may be kind of like a test, you know,
• 12:47
  Speaker 1: tapping the brake, so to speak, around where this is
• 12:50
  Speaker 1: going good? So we could be when if we pass,
• 12:53
  Speaker 1: and when even if it does not pass, because the
• 12:55
  Speaker 1: depending on who is voting for it and why, could
• 12:59
  Speaker 1: give us a lot of indications of how to maybe
• 13:01
  Speaker 1: move the market forward for this.
• 13:02
  Speaker 2: So that's the big one for sure.
• 13:05
  Speaker 1: I think that's the big one that starts to move
• 13:07
  Speaker 1: markets is clarity. You probably won't see it yet, but
• 13:10
  Speaker 1: we're gonna put out a video. I don't know if
• 13:12
  Speaker 1: it's live. Is it live yet, guys? The new one?
• 13:15
  Speaker 2: Not yet?
• 13:15
  Speaker 1: All right, So we've got a video that's going to
• 13:17
  Speaker 1: be dropping today that is explaining a lot of where
• 13:22
  Speaker 1: we could see almost two different financial markets being developed.
• 13:26
  Speaker 1: I think if you guys have been watching our show
• 13:28
  Speaker 1: long enough, you understand that DeFi is rising fast. There's
• 13:33
  Speaker 1: a lot of strategies that are being implemented by major companies,
• 13:37
  Speaker 1: and we're talking about the biggest of the biggest when
• 13:39
  Speaker 1: it comes to trad FI getting into token is stocks,
• 13:43
  Speaker 1: plus all of the moves with Jupiter Onto and of
• 13:46
  Speaker 1: course what we're going to see. I think in DeFi,
• 13:49
  Speaker 1: should we get more restrictive clarity coming out of DC.
• 13:53
  Speaker 1: So that's a big deal because it does start to
• 13:56
  Speaker 1: impact that and if that does happen, one of the
• 13:59
  Speaker 1: winners that we'll be out there, of course, is going
• 14:01
  Speaker 1: to be Ethereum. And here's Tom Lee truth on what works.
• 14:05
  Speaker 1: But della fomo make you abandon good ideas. And I
• 14:07
  Speaker 1: think he's talking about the fact that BM and R
• 14:10
  Speaker 1: is still one of the biggest holders out there, the
• 14:12
  Speaker 1: biggest holder out there of E They've continued to invest
• 14:16
  Speaker 1: in innovation, his recent investment with mister Beast.
• 14:19
  Speaker 2: We'll see how that plays out.
• 14:21
  Speaker 1: A lot of people still confuse as to how that's
• 14:23
  Speaker 1: going to work for them as a digital asset treasury company.
• 14:27
  Speaker 1: But remember that a digital asset treasury company. At some
• 14:31
  Speaker 1: point when you look at the fuel for that company
• 14:34
  Speaker 1: being eth and you look at the market that Ethereum
• 14:38
  Speaker 1: serves globally, then you look at the demographic because most
• 14:42
  Speaker 1: people I would say that are in DeFi for the
• 14:45
  Speaker 1: most part, are probably and I'm not being agist or anything,
• 14:49
  Speaker 1: but are probably under the age of forty. They understand it,
• 14:52
  Speaker 1: they're okay with it, and they see it as a future.
• 14:55
  Speaker 1: And I think that's where Tom Lee is trying to
• 14:57
  Speaker 1: go here with this is a demographic shift in the
• 15:00
  Speaker 1: investors moving forward other things that are happening around gold.
• 15:05
  Speaker 1: As you have Tether, this is a big deal because
• 15:08
  Speaker 1: fifteen percent of its portfolio has been moving into gold.
• 15:12
  Speaker 1: This continues to push gold up as we see a
• 15:16
  Speaker 1: fifty three hundred dollars gold coming in very hot. And
• 15:19
  Speaker 1: of course, if you listen to Paolo, he's been talking
• 15:22
  Speaker 1: about this for quite a while, but this was an
• 15:24
  Speaker 1: interesting statement by Walter Bloomberg's Twitter account. Tether amassing at
• 15:29
  Speaker 1: one hundred and forty tons of gold worth about twenty
• 15:31
  Speaker 1: four billion, making it's the largest private holder. And of
• 15:34
  Speaker 1: course they have been talking about this, and remember xaut
• 15:38
  Speaker 1: has been flying up the charts on coin market cap
• 15:43
  Speaker 1: in comparison to what's going on with Paxos as well.
• 15:46
  Speaker 1: I think the chair is getting ready to go in,
• 15:49
  Speaker 1: so let's take a look and see. All right, maybe not.
• 15:53
  Speaker 1: Let's go ahead, and I'll hit on one other thing
• 15:55
  Speaker 1: real quick before we head over to the chair and
• 15:59
  Speaker 1: the foe. See the live on what they're doing. As
• 16:02
  Speaker 1: far as addressing the press corps. Hopefully we'll have that
• 16:07
  Speaker 1: cleared up in a second. But one thing that you've
• 16:09
  Speaker 1: got to be looking at. Is a busy week for
• 16:11
  Speaker 1: Wall Street. Key macro earnings events are coming up this week,
• 16:15
  Speaker 1: including obviously the FMC decision we just announced. But one
• 16:19
  Speaker 1: of the things that will be happening, I think, is
• 16:21
  Speaker 1: again how these stocks are going to be flowing into this.
• 16:24
  Speaker 1: So you've got Tasla going out with earnings, You've got
• 16:28
  Speaker 1: Microsoft going out with earnings, Meta coming out with earnings,
• 16:31
  Speaker 1: all of that, including Apple as well. And I want
• 16:34
  Speaker 1: to take a look at the charts real quick. I'll
• 16:36
  Speaker 1: bring up a chart on where gold has been, because
• 16:40
  Speaker 1: this is one that has been quite something. Here we
• 16:44
  Speaker 1: are all right, so actually gold, if you go in
• 16:46
  Speaker 1: the hourly, it's starting to stabilize right here as we're reporting.
• 16:51
  Speaker 1: So holding it around fifty two to eighty looks like yeah,
• 16:54
  Speaker 1: holding it fifty two to eighty right now. Bitcoin, of course,
• 16:57
  Speaker 1: we'll get into that. Still getting ready to pressure. Maybe
• 17:01
  Speaker 1: does it get past ninety again? I think is the question.
• 17:03
  Speaker 1: It clipped it above ninety k earlier. The question is
• 17:07
  Speaker 1: will it hold for sure?
• 17:12
  Speaker 2: Yeah? Sure, let me see what.
• 17:17
  Speaker 1: Yeah, let me pull it up for you guys, and
• 17:18
  Speaker 1: we might be able to bring it up real quick
• 17:21
  Speaker 1: and get it on the guys around difficulty with the
• 17:26
  Speaker 1: air for that, and let's see here, we'll have it
• 17:34
  Speaker 1: for you in a second. Al Right, here we go. Alright,
• 17:40
  Speaker 1: let's see. I should give it to you, Sorr. We're
• 17:58
  Speaker 1: trying to get audio to you guys, is right now.
• 18:06
  Speaker 1: Looks like they're having some difficulty in the control room
• 18:10
  Speaker 1: on this, so m hmm. And I can't hear it
• 18:14
  Speaker 1: right now. Yeah, sorry, guys. And I'm not good at
• 18:31
  Speaker 1: reading his slifts for this, so yeah, all right, no problem, guys.
• 18:39
  Speaker 2: Listen, I'm sorry about that.
• 18:41
  Speaker 1: Uh, they had some technical difficulties getting uh the FMC across.
• 18:46
  Speaker 1: What I would do is go over to YouTube and
• 18:48
  Speaker 1: hit uh the Federal Reserve account. You can see what
• 18:52
  Speaker 1: we're talking about right there. All right, we'll see you
• 18:55
  Speaker 1: guys later.
• 18:55
  Speaker 2: Take care.