Latest / Financial Survival Network / Very Bullish Bitcoin Forecast with Michael Moor #6205

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Very Bullish Bitcoin Forecast with Michael Moor #6205 · Financial Survival Network

• 0:00
  Speaker 1: We've been bullish since the break back above sixteen two
• 0:03
  Speaker 1: seventy five to sixty, so we've seen ninety two thousand,
• 0:05
  Speaker 1: six hundred and eighty five per coin. A lot of
• 0:08
  Speaker 1: other bullish calls in here. However, we did just hold
• 0:10
  Speaker 1: an exhaustion level up here between at one o eight
• 0:13
  Speaker 1: two oh five to one oh nine sixty and we
• 0:18
  Speaker 1: held that with a uh one oh eight nine sixty
• 0:22
  Speaker 1: high and have rolled over five thousand, six hundred and
• 0:24
  Speaker 1: thirty five so far.
• 0:26
  Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
• 0:30
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• 0:34
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• 0:47
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• 0:53
  Speaker 3: And welcome. You are listening to and watching the Financial
• 0:57
  Speaker 3: Survival Network. I'm your host, Kerry lets Michael Moore. More
• 1:00
  Speaker 3: Analytics is with us now. If you're listening on the podcast,
• 1:04
  Speaker 3: if you go to the show notes, click the link,
• 1:06
  Speaker 3: you can download all the relevant charts and follow along.
• 1:10
  Speaker 4: Michael. It's great to have you back on.
• 1:12
  Speaker 3: Markets have definitely been hyperkinetic recently. Why don't we start
• 1:18
  Speaker 3: out with gold and get through bitcoin all the good
• 1:22
  Speaker 3: stuff oil.
• 1:23
  Speaker 4: Tell us where we're.
• 1:24
  Speaker 1: At that good Okay, so the gold. The last time
• 1:30
  Speaker 1: we were on it's been a little while, but where
• 1:33
  Speaker 1: was in July, and just wanted to update you on
• 1:35
  Speaker 1: some of the larger calls.
• 1:37
  Speaker 4: That have been made. Back then, I had said that.
• 1:39
  Speaker 1: The the solid trade above twenty seven forty eight to
• 1:46
  Speaker 1: forty projects separated one hundred and fifty one minimum nine
• 1:49
  Speaker 1: hundred and fifty four plus maximum. And that's when we
• 1:53
  Speaker 1: were trading down around the twenty five two area. We'd
• 1:58
  Speaker 1: already reached a peak at twenty five sixty, but we
• 2:02
  Speaker 1: went on to attain another two hundred and sixty per
• 2:04
  Speaker 1: ounce after you and Ed talked. So a lot those
• 2:10
  Speaker 1: bull calls are all on Hoole currently, a lot of
• 2:13
  Speaker 1: different levels of bull calls. We got barrished a couple
• 2:17
  Speaker 1: of days ago. I'm dropping down to a sixty minute chart.
• 2:19
  Speaker 1: Can you see my screen?
• 2:20
  Speaker 4: Okay, yep, we see it fine.
• 2:24
  Speaker 1: We got barish when we broke that down below this
• 2:26
  Speaker 1: line right here, that was the trade back below twenty
• 2:30
  Speaker 1: seven forty five ninety. We've seen ninety nine point eight
• 2:34
  Speaker 1: of pressure from that, and then other bearish calls below
• 2:37
  Speaker 1: twenty six eighty five twenty and twenty six seventy three fifty.
• 2:42
  Speaker 1: And now we're sitting right on top of another formation
• 2:44
  Speaker 1: right here, a decent break below that formation. We'll also
• 2:47
  Speaker 1: project this downward. That's who will come in twenty six
• 2:50
  Speaker 1: forty eighty plus one per hour starting at one twenty pm.
• 2:57
  Speaker 4: Do you think we're still going higher in jail role.
• 3:00
  Speaker 1: It's still bullish, but all the bullishness is on hold
• 3:02
  Speaker 1: right now. Currently i'mbearish, and I expect us this will
• 3:06
  Speaker 1: continue to come off. If this was the trade back
• 3:08
  Speaker 1: up above this formation eight here, which is going to
• 3:10
  Speaker 1: come in at twenty six eighty thirty plus one point
• 3:13
  Speaker 1: eight per hour starting at one twenty pm, that would
• 3:16
  Speaker 1: word of renewed strength and a possible.
• 3:19
  Speaker 4: Run back for the highs again. Okay, interesting, Interesting, So.
• 3:25
  Speaker 1: When I jump to the S and P five hundred, Yeah.
• 3:27
  Speaker 4: Let's let's go to the S and P and see
• 3:29
  Speaker 4: what we got there.
• 3:30
  Speaker 1: So the SMP has had some great moves in here.
• 3:35
  Speaker 1: We have been bullish. You've done interviews with me a
• 3:38
  Speaker 1: number of times over the years. If you go back
• 3:41
  Speaker 1: and look at past interviews with me, you'll know that
• 3:44
  Speaker 1: I've been bullish since holding a macro exhaustion level at
• 3:47
  Speaker 1: thirty five to thirty five oh two, and we've rallied
• 3:50
  Speaker 1: two thousand, six hundred and forty four handles zero point
• 3:53
  Speaker 1: five handles since then, and a lot of other bullish
• 3:58
  Speaker 1: calls in here that I've been updating for a while
• 4:02
  Speaker 1: has been the break above twenty six seventy eight to fifty,
• 4:05
  Speaker 1: which I said would project this upward two hundred and
• 4:08
  Speaker 1: forty minimum five hundred and seventy plus maximum. We've attained
• 4:12
  Speaker 1: four hundred and sixty eight to that so far, so
• 4:14
  Speaker 1: we haven't quite hit the maximum yet. And currently we're
• 4:18
  Speaker 1: in between two formations.
• 4:20
  Speaker 4: As we speak.
• 4:21
  Speaker 1: The break above the upper one right here, which is
• 4:24
  Speaker 1: going to come in at sixty one fifty one thirty
• 4:26
  Speaker 1: one one. It's fourteen per hour starting at one thirty pm,
• 4:30
  Speaker 1: that will project this upward fifty handles minimum, and the
• 4:37
  Speaker 1: maximum is not really determinable, but should definitely take us
• 4:41
  Speaker 1: out and take up the highs. We fail back down
• 4:43
  Speaker 1: through the lower line right here, which is going to
• 4:45
  Speaker 1: come in at sixty one and sixteen twenty six plus
• 4:50
  Speaker 1: five per hour starting at thirty PM. That will project
• 4:54
  Speaker 1: this downward thirty thirty handles minimum seventy plus maximum. And
• 4:59
  Speaker 1: by the way, when I say seventy plus maximum, might
• 5:01
  Speaker 1: know that's confusing. But certain formations have certain projections. But
• 5:05
  Speaker 1: I say plus because obviously if you're turning in that direction,
• 5:08
  Speaker 1: you could see far more.
• 5:09
  Speaker 4: Sure, I get that.
• 5:12
  Speaker 1: Okay, you want to take a look at the bitcoin
• 5:15
  Speaker 1: and then we'll go to the futures.
• 5:17
  Speaker 4: Yes, just take a look at bitcoin. Elie is big
• 5:21
  Speaker 4: on bitcoin, all right.
• 5:23
  Speaker 1: Well, Bitcoin, if you go back and look at some
• 5:25
  Speaker 1: of the past interviews with you, you can see where
• 5:28
  Speaker 1: I've made some of these other longer term calls. We've
• 5:32
  Speaker 1: been bullish since the break back above sixteen two seventy
• 5:35
  Speaker 1: five to sixty, so we've seen ninety two thousand, six
• 5:38
  Speaker 1: hundred and eighty five per coin. A lot of other
• 5:40
  Speaker 1: bullish calls in here. However, we did just hold an
• 5:43
  Speaker 1: exhaustion level up here between at one oh eight two
• 5:46
  Speaker 1: oh five to one oh nine sixty, and we held
• 5:50
  Speaker 1: that with a one oh eight nine sixty high and
• 5:54
  Speaker 1: have rolled over five thousand, six hundred and thirty five
• 5:57
  Speaker 1: so far. If we were to fail back down through
• 5:59
  Speaker 1: this formation that's going to warn a decent pressure. Decent
• 6:02
  Speaker 1: pressure meaning likely multiple day that's going to come in
• 6:05
  Speaker 1: at one oh one, two two three plus twenty six
• 6:09
  Speaker 1: per hour starting at one o'clock PM Eastern standard type.
• 6:13
  Speaker 1: We break below this lower formation right here, which is
• 6:16
  Speaker 1: going to come in at ninety eight five twenty five
• 6:20
  Speaker 1: plus twenty one per hour. That'll project this downward to
• 6:23
  Speaker 1: eleven thousand plus per cord. And just so the viewership understands,
• 6:28
  Speaker 1: an exhaustion area is an area that they that the
• 6:32
  Speaker 1: market can probably halt its trending in that direction and
• 6:36
  Speaker 1: then start a bearish correction. Sometimes it'll hold temporarily, sometimes
• 6:40
  Speaker 1: it will cause a full bearessh correction.
• 6:42
  Speaker 4: So we're only a.
• 6:43
  Speaker 1: Piece of it now, but if it does see a
• 6:45
  Speaker 1: full barsh correction, it should be at least double what this.
• 6:47
  Speaker 4: Is right now.
• 6:48
  Speaker 1: You know, probably down here to the ninety seven five
• 6:51
  Speaker 1: hundred area.
• 6:52
  Speaker 3: And so, what do you think it's upside is here
• 6:55
  Speaker 3: at this particular point, we're like one hundred and five
• 6:57
  Speaker 3: thousand or so. I think it's at right.
• 7:00
  Speaker 1: In one right now?
• 7:02
  Speaker 4: What do you mean?
• 7:03
  Speaker 1: What do I think the upside is? I mean it could.
• 7:05
  Speaker 1: I mean, I'm still overall bullish solid well that's on
• 7:10
  Speaker 1: still overaw bullish and bullish right now. But within that bullishness,
• 7:14
  Speaker 1: we're seeing a pullback from these highs. If we break
• 7:16
  Speaker 1: back below this line, all that bullishness goes on hold
• 7:19
  Speaker 1: and then we're bearish below that. But you know, sky's
• 7:23
  Speaker 1: a limit on the up side. I mean, who knows
• 7:25
  Speaker 1: where this is going to be. We're in brand new
• 7:27
  Speaker 1: territory up here, so but the nast places above that,
• 7:31
  Speaker 1: i'd be aware possible.
• 7:33
  Speaker 4: Actually never mind.
• 7:34
  Speaker 3: So it's the best way to invest in bitcoin in
• 7:38
  Speaker 3: your opinion, you're buying options on.
• 7:41
  Speaker 4: It now or how do you do it?
• 7:43
  Speaker 1: Well, the bitcoin futures are quite large, uh so you'd
• 7:49
  Speaker 1: have to have a lot of capital to really trade this.
• 7:52
  Speaker 1: You can tread the minis or the micros. I believe
• 7:55
  Speaker 1: the micro is on these, so you can I think
• 7:57
  Speaker 1: trade one tenth of it. So, and the benefit of
• 8:00
  Speaker 1: doing that as opposed to just buying some other coin
• 8:02
  Speaker 1: out there is this is an exchange regulated futures market,
• 8:08
  Speaker 1: so that's backed by the clearing houses that it's packed
• 8:11
  Speaker 1: by the exchange, and then it's backed by the US government.
• 8:13
  Speaker 1: So it's liquid, and if you have an account set
• 8:18
  Speaker 1: up and you're trading this, you can get out of
• 8:20
  Speaker 1: this almost instantaneously on the upside or the downside if
• 8:23
  Speaker 1: you run.
• 8:24
  Speaker 4: We like liquidity, of course, But.
• 8:29
  Speaker 3: You know, I realized we're just doing technical analysis here.
• 8:33
  Speaker 3: We're not looking at the fundamentals. Not that there are
• 8:36
  Speaker 3: any fundamentals for for bitcoin, it's trade strictly on emotion, right,
• 8:44
  Speaker 3: I mean it's not, there's no like I mean, there
• 8:47
  Speaker 3: are fundamentals in that there can only be so many
• 8:51
  Speaker 3: bitcoins mined, right, But in terms of there actually being
• 8:56
  Speaker 3: a fundamental of like you know, production and income statements
• 9:02
  Speaker 3: and cost of goods sold, cost of services, this is
• 9:06
  Speaker 3: strictly an emotional product here, right.
• 9:11
  Speaker 1: I couldn't speak too much to that, to be honest
• 9:13
  Speaker 1: with you, because I don't really even look at the fundamentals.
• 9:15
  Speaker 1: I don't look at the fundamentals that much. There aren't any,
• 9:19
  Speaker 1: even if the energies and the gold and it's not
• 9:23
  Speaker 1: that those things are not important. The fundamentals, for instance,
• 9:28
  Speaker 1: in gold or energy, or the S and P even whatever,
• 9:33
  Speaker 1: are the underpinnings of what drives the market.
• 9:37
  Speaker 4: Period.
• 9:38
  Speaker 1: That said, the technicals will get you in on those
• 9:43
  Speaker 1: moves ninety percent of the time earlier than what the
• 9:49
  Speaker 1: fundamental picture will avail itself to be, gotcha, And it
• 9:54
  Speaker 1: will also get you out of those moves ninety percent
• 9:57
  Speaker 1: of the time earlier. Also, setting aside news based events,
• 10:02
  Speaker 1: THEWS based events, I mean right before Donald Trump was elected,
• 10:07
  Speaker 1: that evening, before the smps had come off.
• 10:11
  Speaker 4: Actually, I'll just show you real quick, that was.
• 10:16
  Speaker 1: Right here, right here, broken back above this line. And
• 10:21
  Speaker 1: this was on eleven to five on the November fifth,
• 10:24
  Speaker 1: at eleven thirty, and I'd sent out on my Postmark
• 10:27
  Speaker 1: podcast that I just turned bullish and I think got
• 10:30
  Speaker 1: elected right after that. And this is not a political
• 10:34
  Speaker 1: statement or anything, but obviously the market showed you what
• 10:37
  Speaker 1: it thought of that election as far as deemed good
• 10:39
  Speaker 1: for businesses or not.
• 10:40
  Speaker 3: So it was in the market saying all along though
• 10:44
  Speaker 3: that he was going to get elected.
• 10:47
  Speaker 1: Well, no, I mean this had been sliding down here,
• 10:49
  Speaker 1: you know, for a while. I mean, I mean, I
• 10:52
  Speaker 1: mean from October twenty ninth down into November fourth, the
• 10:59
  Speaker 1: market was in a lied, in a pretty steep one.
• 11:01
  Speaker 1: But again this was also technically based. You know, we
• 11:04
  Speaker 1: broke below this line right here. I got barished, and
• 11:06
  Speaker 1: we got slam breck down into here, and we held
• 11:08
  Speaker 1: major support levels, and then when we broke back above
• 11:11
  Speaker 1: this line, that's when I got bullish. So again, it's
• 11:14
  Speaker 1: I'm not trying to sound irresponsible about saying that I
• 11:19
  Speaker 1: don't pay attention to the fundamentals. It's just that I
• 11:23
  Speaker 1: pay attention to the technicals, and the technicals are a
• 11:28
  Speaker 1: representation of all the knowledge of all the traders trading
• 11:32
  Speaker 1: that market at that time, and they usually have a
• 11:36
  Speaker 1: better handle and feeling fundamentals than anybody else does. So
• 11:42
  Speaker 1: the technicals, they they're just more reliable to me. Over time,
• 11:48
  Speaker 1: I've been able to make far more better production.
• 11:51
  Speaker 4: I get it.
• 11:52
  Speaker 3: I couldn't agree with you more. I'm a big believer
• 11:54
  Speaker 3: in there cycles and such. So so do you feel
• 12:00
  Speaker 3: like after the election the sentiment really changed?
• 12:04
  Speaker 4: What's that?
• 12:04
  Speaker 1: Do I think?
• 12:05
  Speaker 3: What after the election the sentiment and the market really changed?
• 12:09
  Speaker 1: I mean, I think the market. I mean you can't
• 12:14
  Speaker 1: just say, well, it goes up for certain presidents and
• 12:16
  Speaker 1: down for other ones, because that's that's not really true.
• 12:19
  Speaker 4: I mean, this is yeah, that's not realistic, you know,
• 12:22
  Speaker 4: it's but.
• 12:24
  Speaker 1: Just short term. It was definitive as to what it
• 12:26
  Speaker 1: thought about his election or other parties not being elected.
• 12:34
  Speaker 1: So that was a pretty definitive. I mean, the market
• 12:37
  Speaker 1: would not have just rallied just for the heck of it,
• 12:39
  Speaker 1: not that much. I mean you could say it would
• 12:41
  Speaker 1: rally because the uncertainty of what's going on in the
• 12:43
  Speaker 1: market is taken out of the way. I can understand that.
• 12:45
  Speaker 1: But that was that's pretty strong. That's a lot of
• 12:48
  Speaker 1: people putting a lot of money back into the market
• 12:51
  Speaker 1: because of their confidence. So you want to take a
• 12:55
  Speaker 1: look at the crewd real quick.
• 12:57
  Speaker 4: Yeah, let's take a look at crude.
• 12:59
  Speaker 1: Sure, So the crude oil has really been chopping around.
• 13:04
  Speaker 1: You can see this consolidation phase we've been in here
• 13:08
  Speaker 1: really since the beginning of October and then a pretty
• 13:11
  Speaker 1: tight band between you know, sixty five of a barrel
• 13:14
  Speaker 1: and seventy.
• 13:15
  Speaker 4: One to barrow.
• 13:17
  Speaker 1: We just turned bullish today, and just on an overall basis,
• 13:22
  Speaker 1: we have been bullish since April twenty ninth, twenty twenty.
• 13:28
  Speaker 1: From fifteen dollars in thirty seven a barrow, we'd rallied
• 13:31
  Speaker 1: one hundred and fifteen point one to three a barrow,
• 13:33
  Speaker 1: and a lot of other bullish calls in there, that's
• 13:35
  Speaker 1: all on hold, and then on a Then we got
• 13:39
  Speaker 1: bearish on the break below one nineteen fifteen, and that
• 13:45
  Speaker 1: brought in fifty five point fifty more a pressure. So
• 13:47
  Speaker 1: a lot of other higher time frame calls are on hold.
• 13:50
  Speaker 1: We had just gotten barished yesterday because we'd broken below
• 13:53
  Speaker 1: this formation right up in here around seventy fourteen.
• 13:57
  Speaker 4: That says right here.
• 13:59
  Speaker 1: Oh, actually we held exhaustion up here first at seventy
• 14:02
  Speaker 1: one even and then rolled over twenty nineteen cents. Then
• 14:06
  Speaker 1: the break below seventy fourteen brought in a dollar thirty
• 14:09
  Speaker 1: three of pressure before holding this exhaustion level right here
• 14:12
  Speaker 1: at sixty eight eighty five with a sixty eight eighty
• 14:14
  Speaker 1: one low and bouncing. And now that we've taken out
• 14:17
  Speaker 1: this formation on the upside, this is further bullish. Now
• 14:23
  Speaker 1: that line's going to come in at seventy sixteen as
• 14:28
  Speaker 1: of two o'clock moves up very slightly. A further break
• 14:31
  Speaker 1: above this line above should also bring in strength that's
• 14:34
  Speaker 1: going to come in at seventy eighty one plus two
• 14:37
  Speaker 1: per hour starting at six o'clock PM.
• 14:40
  Speaker 3: All right, So any other markets you think we should
• 14:44
  Speaker 3: cover that might be might give us an idea where
• 14:48
  Speaker 3: we're heading.
• 14:49
  Speaker 1: Yes, by the way, just as an overall standpoint on
• 14:52
  Speaker 1: the energies and the natural gas, and this is political,
• 14:57
  Speaker 1: I think that in general you should see without any
• 15:01
  Speaker 1: major blow ups in the Middle East, I would expect
• 15:04
  Speaker 1: that the pricing would come down because under Trump, I
• 15:08
  Speaker 1: mean he pumped put out a lot of natural gas,
• 15:11
  Speaker 1: a lot of home production of the energies, and brought
• 15:15
  Speaker 1: a lot of that pricing down, especially for gas line
• 15:18
  Speaker 1: out stuff. You know what, I thought, Frank, this formation
• 15:21
  Speaker 1: down here, this is a pretty significant formation that comes
• 15:24
  Speaker 1: into sixty six ninety five and moves up very slowly,
• 15:27
  Speaker 1: maybe just one a day. So I really that'll project
• 15:32
  Speaker 1: this downward at least four dollars barrel and as much
• 15:37
  Speaker 1: hand off.
• 15:37
  Speaker 3: So really, Michael, I saw a really interesting stat that
• 15:41
  Speaker 3: during Trump's term in office, the oil production and that
• 15:47
  Speaker 3: gas went up forty between forty and fifty percent, And
• 15:51
  Speaker 3: interestingly enough, during Biden's term it continued to go up,
• 15:55
  Speaker 3: but it was only up two and a half or
• 15:57
  Speaker 3: three percent production. So if we see another fifteen to
• 16:02
  Speaker 3: twenty percent increase in production, which I think is realistic
• 16:06
  Speaker 3: because one of the things you know, like I said,
• 16:09
  Speaker 3: we're getting it to fundamentals, which is not your thing.
• 16:12
  Speaker 4: But I think you.
• 16:14
  Speaker 3: Can see it in the charts, is that the administration,
• 16:18
  Speaker 3: the current one, put a lot of pressure on banks
• 16:20
  Speaker 3: and markets not to finance drilling, and that's all going
• 16:26
  Speaker 3: to be gone here. I mean you can see the
• 16:29
  Speaker 3: handwriting on the wall, which Exon and the big oil
• 16:35
  Speaker 3: companies are happy restricting production because they know they'll get
• 16:39
  Speaker 3: higher prices. But the wildcatters out there, the smaller producers,
• 16:50
  Speaker 3: the frackers, now they have a new process called refracking.
• 16:54
  Speaker 3: They go back to the fract well after it stopped producing,
• 16:57
  Speaker 3: they refrack it. It produces even more than it induced
• 17:00
  Speaker 3: when it was originally fracked. So if they've got the capital,
• 17:06
  Speaker 3: then we're going to see potentially tremendous expansion.
• 17:11
  Speaker 4: In oil produced.
• 17:12
  Speaker 3: Right now, we're producing a record thirteen million plus barrels
• 17:17
  Speaker 3: a day in the United States. Maybe we'll get up
• 17:20
  Speaker 3: to twenty.
• 17:21
  Speaker 1: I mean, it would just be a huge boom for US.
• 17:24
  Speaker 1: I mean, does it make any sense for us, Like
• 17:26
  Speaker 1: why would we be depending on other countries for oh, well, yeah,
• 17:30
  Speaker 1: all the South American countries in the Midwest, I mean
• 17:33
  Speaker 1: in I'm sorry the Far East and UH and Russia.
• 17:36
  Speaker 1: I mean, why, it's just it's it's ridiculous and now
• 17:40
  Speaker 1: was that. But those are real jobs for people, not
• 17:42
  Speaker 1: jobs that are from the government.
• 17:44
  Speaker 3: Those are six figure jobs exactly. Even the guy that
• 17:47
  Speaker 3: washes the car as the trucks is making close to
• 17:50
  Speaker 3: six figures in the Permeaton basin and up in the
• 17:55
  Speaker 3: up in North Dakota too.
• 17:57
  Speaker 4: It'll be a boom.
• 17:58
  Speaker 3: Plus the potential Keystone pipeline another boom for oil production
• 18:04
  Speaker 3: and gas. You know, we're just our own worst enemy
• 18:09
  Speaker 3: a lot of times, Michael, You know.
• 18:11
  Speaker 4: Yeah.
• 18:12
  Speaker 1: Incidentally, if you notice here in I won't get into
• 18:15
  Speaker 1: the unletted gas fully today, but we won't have so
• 18:18
  Speaker 1: much time. But I had said in here that on
• 18:20
  Speaker 1: five we aft the significant Polish reversal below this one.
• 18:26
  Speaker 4: Right here, I said that I.
• 18:28
  Speaker 1: Know we broke above a significant formation at a dollar
• 18:31
  Speaker 1: twenty three oh seven. This projected this up for twenty
• 18:34
  Speaker 1: six cents minimum, ninety six cents plus maximum. And it
• 18:39
  Speaker 1: just so happened that I made that prediction right before
• 18:41
  Speaker 1: Biden got into office and right after. You can see
• 18:45
  Speaker 1: what I mean. This is the effect right here. If
• 18:47
  Speaker 1: people want to know, with the effect of policy, and
• 18:50
  Speaker 1: again I'm not trying to be political, but this is
• 18:52
  Speaker 1: effect of policy of shutting all that production and stuff. Yeah,
• 18:56
  Speaker 1: I mean, you know, you're gasoline at the pump went
• 18:59
  Speaker 1: from a dollar twenty five a gallon the four dollars
• 19:03
  Speaker 1: and thirty two cents a gallon.
• 19:06
  Speaker 3: And then with a lower oil price, then we can
• 19:08
  Speaker 3: build rebuild the strategic oil reserve which they've been using
• 19:12
  Speaker 3: to manipulate prices. And really, Michael, the strategic oil preserve reserve,
• 19:18
  Speaker 3: it's good for like forty days worth of oil supply
• 19:22
  Speaker 3: in the US.
• 19:23
  Speaker 4: It's nothing, you know, a billion barrels, it's nothing.
• 19:27
  Speaker 1: Why would we not have that security? Why is it
• 19:29
  Speaker 1: being new away with their own security.
• 19:31
  Speaker 4: It's just ridiculous, you know.
• 19:33
  Speaker 3: And the Greek tragedies, you're your own worst enemy and
• 19:38
  Speaker 3: in this country we got everybody else's enemy and ourselves.
• 19:42
  Speaker 3: How are we going to survive this? Hopefully things turn
• 19:45
  Speaker 3: around now, Michael, tell us where we find you on
• 19:49
  Speaker 3: the web.
• 19:50
  Speaker 1: Okay, let me just pull that up real quick. You
• 19:52
  Speaker 1: can go to more Analytics dot com. That's spelled m
• 19:56
  Speaker 1: R analytics dot com.
• 20:00
  Speaker 3: Link is in the show notes. This interview. Don't forget
• 20:03
  Speaker 3: the link to all these charts is in the show notes.
• 20:07
  Speaker 4: Just click it.
• 20:08
  Speaker 3: I've got it in a dropbox link. You'll get it
• 20:10
  Speaker 3: right away. And Michael appreciate you coming on and questions
• 20:14
  Speaker 3: comments for Michael write need email kl at Carrie LUTs
• 20:18
  Speaker 3: dot com. And the link to more Analytics dot com
• 20:23
  Speaker 3: is in the show notes to this interview on.
• 20:26
  Speaker 4: Financial Survival Network dot com.
• 20:28
  Speaker 3: While you're there, we just ask that you sign up
• 20:30
  Speaker 3: for your free newsletter, like sixty thousand other FSN community
• 20:35
  Speaker 3: members have. Michael always appreciate you coming by. We'll talk
• 20:38
  Speaker 3: to you again soon. Thank you very much.
• 20:40
  Speaker 1: I appreciate Gared.
• 20:41
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network your
• 20:46
  Speaker 2: solution to today's trying times. For the latest, go to
• 20:50
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than
• 20:56
  Speaker 2: ever
• 21:01
  Speaker 4: Clos