Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (PRICE SMASH!) Gold - Precious Metals News

Transcript

**THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (PRICE SMASH!) Gold - Precious Metals News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Our outlook for silver and gold remains wildly optimistic.
0:05
We're going to talk about those reasons why obviously today is a
0:09
bloodbath in the precious metals market.
0:12
We're going to talk about why that is happening and maybe why
0:15
we don't have to be so worried about it.
0:17
And I've got one of the most interesting pieces of news to
0:22
come out about silver in a long time.
0:25
Actually, it's kind of a bummer that it's coming out today
0:28
because it's going to get maybe pushed to the to the side.
0:30
But I'm going to explain to you why we can be more optimistic,
0:34
more excited about this one piece of news.
0:37
And it came from the CEO of Scottsdale Mint than any piece
0:41
of news that I've heard in a long time about silver.
0:44
But let's talk about what's happening today.
0:46
Silver and gold got smushed. OK, Let's dig right in and and
0:50
analyze what happened and talk about the reasons why.
0:55
Here we go. OK, here we have it from bowl
0:58
theory. Breaking $1 trillion wiped out
1:03
from the precious metals markets in 80 minutes.
1:06
This was from earlier today. Gold down 2% in 80 minutes,
1:11
erasing 740 billion. Silver down 5.4% in 80 minutes,
1:18
erasing 2.6 billion. Let's just look at the silver
1:22
chart here briefly. As you can see guys, is this
1:25
normal market behave OK? And we're going to dig into this
1:29
a lot more, but the main reason behind this is this right here,
1:34
the dollar index, the US dollar shot up massively as you can see
1:39
almost 1% and at one point over here it was probably up well
1:44
over 1%. And while we don't pay attention
1:48
too much to the dollar index, the DXY index, it does have a
1:52
major impact. It was a sell everything moment
1:57
in the when the dollar went up and when the dollar shoots up,
2:00
it's a natural market reaction for metals to go down.
2:03
OK. Now the other issue pushing
2:06
against silver would be economic worry.
2:09
People think with, I mean, obviously the situation in Iran,
2:13
you can follow that, get more information on that from almost
2:16
any news source is escalating and people are worried about the
2:20
economic impact. It's all going to lead the money
2:23
printing in the end. I'm telling you long term we
2:25
don't have anything to worry worry about.
2:28
However, in the short term there is going to be volatility.
2:32
Let's go out quickly. I just want to point out to you
2:35
one more point on this chart when it comes to the dollar
2:39
index. This is a long term chart of the
2:43
dollar index goes all the way back to like 1985 over there on
2:48
the left. Guys, when we talk about the
2:51
short term movements in the dollar index, we don't have a
2:55
ton to worry about because that red line that I just drew
2:58
horizontally across your screen is at the 100 mark.
3:02
And as you can see, right, even at 99, at the dollar index, at
3:06
99, that is still historically what we could say on the higher
3:11
side. It's so important for us to
3:13
remember that during this period here from 2.
3:17
Hold on here, let's fix that. And boom, from 2001 for
3:23
instance, through 2011, right, the dollar index dropped from
3:29
about 115 all the way down to 75.
3:32
Now remember we are at 99. But during that same period, the
3:35
price of silver went from being under $5 to over $50, a 10X
3:40
move. So again, I'm not real concerned
3:44
about what we're seeing today with this crazy move.
3:47
And we're going to talk about, I'm going to show you some
3:49
evidence next that this volatility that we're having
3:52
today is pretty much par for course for what we've
3:55
experienced lately. But in the big picture, big
3:58
scheme of things, the only thing they're going to be able to do
4:01
is print more money. I even heard some, I'll say
4:04
speculation, rumors that the Fed is getting ready.
4:07
Some people are saying to injects.
4:09
One person even said they already had injected more money
4:12
into the economy. Money printing.
4:14
Money printing, right, makes the real value of the dollar go down
4:18
and will make the price of gold and silver go up.
4:21
And don't forget, OK, volatility is a feature of the precious
4:26
metals market, in particular the silver market.
4:29
It is not a bug. And let's take a look at this
4:32
volatility data that we have. Here we go from the happy
4:37
Hawaiian, the legendary Happy Hawaiian.
4:40
Listen to this. Since just January 26th of 2025,
4:46
silver has had five days where the price is at 10 to 15 and 10
4:51
to $15 intraday ranges. 3 days where there was a 15 to $20
4:57
range in the price of 1 ounce of silver, one day with a 20 to
5:03
$25.00 range and one day with a $44.00 range.
5:08
A year ago, silver right now guys, was at $31 per oz. 40% of
5:15
the last 25 trading days have had.
5:18
That's incredible. 40% of the last 25 trading days have had a
5:23
$10 plus move intraday. Now, some people are
5:29
speculating, I'll emphasize speculating that there might be
5:35
some manipulation going on in the silver market.
5:37
And a name that keeps popping up is a company called Jane St.
5:42
Zero Hedge was out this morning with a, with a, with a
5:46
speculative post. I always try to err on the side
5:50
of being conservative. 0 Hedge says silver was 79.
5:54
Silver is at $79. It was at $98 yesterday.
6:01
And then they bring up a post that they made about this
6:04
financial company in New York called Jane St.
6:07
Guys who has a huge, huge position in the SLVETF.
6:11
Let me read this and then tell you why people are speculating
6:15
that potentially there could be some manipulation going on, Zero
6:18
Hedge said. We've been huge silver bowls
6:21
since 2009. Yeah, US 20 Hedge, but be very
6:25
careful here. Lots of financial engineering
6:29
going on in the silver market. Jane St. not only added a record
6:35
20.6 million shares of SLV and Q4, it is now also the biggest
6:42
holder of the SLVETF. And people are speculating,
6:48
right? And the reason why they're
6:50
speculating about Jane Street is this recently they were brought
6:55
up or accused, A lawsuit came out regarding a big massive
7:00
crypto company that went bust. I think back in 2022.
7:04
I got to read my notes here. Terraform, Terraform Labs, they
7:07
had the UST stable coin in the Luna coin, but people lost like
7:13
according to this $45 billion and there's accusations, OK,
7:18
that possibly Jane St. was involved in some inside
7:22
training, manipulate manipulation about that.
7:25
The other thing that there again, I'll emphasize
7:28
speculation was that Jane St. was involved in some selling of
7:32
Bitcoin at 10:00 everyday pick. The price of Bitcoin went from
7:35
like, you know, went down a lot recently and there were people
7:39
who were were saying speculating that Main Street had something
7:43
to do with that. So we got this massive financial
7:46
trading company with like the biggest position ever in the
7:50
SLVETF. Again, I won't say the word
7:53
speculation again, but that's what it is that possibly that
7:57
could be going on. That came from zero hedge, who
7:59
I've always considered to be a very reliable and insightful
8:04
source of non mainstream media information.
8:07
You can read things on Zero Hedge that you don't get to hear
8:11
on CNN. I'll put it that way.
8:13
OK, I'm going to tell you about something now that I think is
8:16
one of the most exciting pieces of news about silver that just
8:21
came out this morning that I think could be massive, massive
8:26
as we move forward. Before we do that, I want to
8:28
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But let's talk about some incredible news.
9:27
This is big and it's again, unfortunate that this came out
9:31
today because I don't think it's going to get the attention that
9:34
it deserves. But we got news from Josh Fair,
9:38
the CEO of Scottsdale, meant that there's actually a company
9:42
that is talking to him about putting silver in their
9:45
treasury. Why is that a big deal?
9:48
Because it's called Treasury Management, a publicly traded
9:51
company. I'm going to play a little video
9:53
from him here in a minute. But a publicly traded company, a
9:57
company is like you and me, right?
9:59
They have a bank account. They call it their treasury.
10:01
It's where they keep their cash that they use for running their
10:05
business. Typically they keep that in a
10:07
bank account like all the other people out there.
10:14
But you and me, right, We do things a little different.
10:18
We keep some or whatever you choose to do if you're a
10:20
treasury in precious metals instead of keeping it in cash in
10:25
U.S. dollars. This is the first time I've
10:27
heard of a company in a publicly traded company talking about
10:33
implementing silver as part of their treasury management
10:37
system. Now this went on with Bitcoin.
10:40
You may have heard of Michael Saylor and Micro strategy and
10:43
other companies started substituting cash on their
10:47
balance sheet with Bitcoin. This is the first time I'm
10:51
hearing this about silver. This could be huge.
10:55
This is kind of like what people have recommended for years and
10:58
years. Why don't the silver mining
11:00
companies? And he didn't say which company
11:02
this was. I'm presuming it's not a silver
11:04
mining company because they'd be able to get their silver on
11:07
their own. But why don't the silver mining
11:09
companies, instead of holding cash, hold some of their,
11:13
instead of cash, hold some of that in silver.
11:17
This is big, guys. OK?
11:18
This is the potential for publicly traded companies to to
11:23
substitute cash on their balance sheet with silver, and we know
11:27
all the reasons why they might want to do that.
11:29
Let's go listen to this video. I'm super excited about this.
11:33
Again, I see this. Hold on here.
11:37
Here it is right here. Make sure we got it pulled up
11:40
for you. Yep, this came from Miles
11:41
Franklin. All right, let's read the quote.
11:44
I just had a publicly traded company and we're and we're in
11:48
we are doing account paperwork right now, publicly traded and
11:52
they're adding silver onto their treasury management and it's a
11:55
large amount. I've never seen anything like
11:59
this, says Josh Phillips fair. He's the CEO and founder of
12:04
Scottsdale Met, and he's watching it happen in real time.
12:07
Central banks are buying, private banks are buying,
12:09
institutions are buying, and now publicly listed companies are
12:14
adding physical silver to their balance sheet as treasury
12:18
assets. Let's hold on here.
12:21
Let's just listen to the beginning of this and what he
12:23
says because guys, this is probably, you know, how that
12:28
works in life, right? A lot of times, the biggest
12:30
things that happen don't get the biggest amount of attention
12:34
right off the bat. This is one of them right here.
12:37
Let's listen to to Josh and hear what he has to say.
12:41
We're in a new paradigm. This is no longer a trade.
12:44
This is a whole new shift where banks want to own more on their
12:48
balance sheets, whether that's a private bank, you're watching
12:51
them get in. Central banks are buying,
12:53
institutions are buying. I just had a publicly traded
12:56
company and we're doing account paperwork right now and they're
12:59
adding silver on to their treasury management and it's a
13:02
large amount. I've never seen anything like
13:04
this. I feel like Michael Saylor did
13:07
gold and silver a favor. He talked about putting Bitcoin
13:12
on your balance sheets as a treasury asset.
13:15
Now, while he said sell gold and he also said take out debt and
13:19
mortgage your home to buy Bitcoin.
13:21
I think it woke people up to say, you know what I can hold
13:24
inventory of? Let's say you're a furniture
13:26
company or clothing or food. But I can also have euro, yen,
13:31
the dollar, the Mexican peso. You can have anything.
13:34
Well, why can't you have an asset?
13:36
We had Tesla yuan. The SEC bylaws were amended to
13:40
hold Bitcoin and gold bullion at the same time.
13:44
Bitcoin got all the love and they did old a little Bitcoin
13:48
for a little bit. I don't believe they bought any
13:49
gold, but they put the plumbing in to do this while our own, the
13:52
US dollar really has no gold back in anymore since Richard
13:55
Nixon cut the tie. I think you're watching people
13:58
and other people saying, you know what, should we start
14:00
having some sort of exposure to this asset class?
14:05
So to clarify, you are seeing publicly listed companies adding
14:11
physical silver to their balance St. as a treasury asset?
14:17
Is what your current and I can reference later, I'm sure
14:20
there'll be an SEC filing. Yeah, there's companies doing
14:23
it. Guys, I hope you have a smile on
14:26
your face. That is massive good news for
14:29
the world is over. Just like you employ right
14:32
precious metals into your personal treasury management
14:37
strategy. Now we have publicly traded
14:39
companies that apparently from what we've been told, and thank
14:43
you to Miles Franklin, Andy Scheckman, Michelle McCrory and
14:46
Josh Fair for this information, publicly traded companies
14:50
talking about buying silver, substituting, substituting paper
14:55
dollars with physical silver. OK, I know it's a crappy day in
15:00
the precious metals market, but man, are you seeing the big
15:05
picture silver, right? Companies putting it on their
15:09
treasury, substituting for cash. Are you seeing the fact that
15:13
that there's been a silver deficit for the last five years?
15:16
We're in the sixth year of the silver deficit.
15:19
Are you seeing that like the demand for silver continues to
15:22
explode? Are you seeing also the other?
15:25
OK, think about this. This is interesting, OK, Big
15:29
companies talking about putting silver, you know, it'll be
15:32
official. Apparently we're going to hear
15:34
about it on their treasury. What about what we talk about
15:38
all the time that nobody else talks about?
15:40
Our little basement dweller secret OK, which is the
15:44
tokenization of silver, which is also occurring now more and more
15:49
where they were they create digital tokens, right that are
15:53
backed up 100% by physical metal.
15:57
Think about that think about what's going on with treasury
15:59
management think about how and that's exploding, right it's
16:03
already exploding with gold the numbers they've like tripled in
16:06
the last year with tokenized gold.
16:09
It's going to happen with silver as well because there's big,
16:12
big, there are big benefits to that.
16:14
Whether or not you like crypto, the blockchain doesn't matter,
16:18
OK, It's good for demand for precious metals.
16:22
I mean, it's crazy to think that a publicly traded company could
16:25
actually now be announcing that, yes, we're going to hold silver
16:30
on our balance sheet instead of cash or a portion, right?
16:33
They're not going to hold everything in silver.
16:35
And it's we, we are really living in unprecedented times,
16:40
like Josh said, Wow, wow, wow. OK, now we're going to get some
16:45
crazy information from our favorite precious metals loving
16:48
country of China. Before we do that, I want to say
16:51
thank you to sponsor First Mining Gold.
16:55
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17:04
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17:07
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17:10
firstmininggold.com. But I'll just let you in on
17:14
something and that is there aren't a lot of big, huge
17:17
development stage gold projects in good jurisdictions like
17:23
Canada. And with everything going on in
17:25
the world geopolitically right now, jurisdiction is becoming
17:29
much, much, much more important, right?
17:32
I mean, guys, it is crazy. Think about, think about this.
17:35
OK, Put your thinking cap on. Wait before you put your
17:38
thinking cap on. I want you to please do.
17:39
I'm going to get in trouble with the one and only.
17:42
Here she is upstairs. Susie, I forgot to ask you.
17:45
Right. We really love when you come
17:47
down and spend some time with us in the basement.
17:49
I'm going to ask you to please be our friends and press the
17:52
subscribe button. Give this video a thumbs up.
17:55
Leave a comment in the comment section.
17:59
Oh, cool. Thank you, thank you upstairs,
18:02
Susie chimed in there and say hello to everybody.
18:05
But yeah, leave comments. That's how we can learn.
18:07
You don't have to agree with me. Trust me, a lot of people don't,
18:10
including her sometimes. And that's how you how you learn
18:15
to grow how you whatever, you know what I'm trying to say.
18:18
And yeah, super chat, super appreciated.
18:20
Never expected. The reality is this guys, the
18:25
reality is right now take a step back, big, big picture.
18:29
And then we're going to focus on China.
18:31
Big picture, when you think about metals, think about what's
18:34
going on in the world right now, geopolitically, the Middle East,
18:40
Ukraine, Russia, what just, I mean, the stuff that happened in
18:43
Mexico last week, it's like seems like ancient history,
18:47
right? Venezuela, China, with Taiwan, I
18:51
mean, do you realize that geopolitically, the world has
18:55
more uncertainty right now than really any time that we've been
18:59
alive? The reason that's important is
19:01
because gold and silver in the long run will thrive in periods
19:06
of uncertainty. But wait, there's more, because
19:09
not only is the world geopolitically created this
19:12
cluster bomb that we're living through, but we've got the
19:15
worst, most atrocious financial situation, not just in the
19:20
United States of America. We've screwed it up royally
19:23
ourselves, but throughout the whole world.
19:26
You've got three over $300 trillion of debt that people
19:30
think is owed to each other. So Gia and these things are
19:33
connected, right? Geopolitically, people aren't
19:35
getting along. But then everybody owes each
19:38
other supposedly all this money and oh, everybody thinks they're
19:41
going to get paid. Ray Dalio likes to say that I'm
19:43
like, yeah, everybody thinks they're going to get paid back.
19:47
And we've got a, a situation like nothing.
19:49
Where else do you want to be? I'm, I'm just speaking my truth.
19:53
So I'm going to say it a different way because I'm not a
19:55
financial advisor. Don't make any financial
19:57
decisions or relationship decisions, anything based on
20:01
what I say. But where else do you want to
20:03
be? I was talking to one of the
20:06
sharpest minds in precious metals yesterday and I was like,
20:09
where else? What, what, what I'm like if,
20:11
if, if, if you sell some of your metal or you sells a mining,
20:16
like where you going to put the money?
20:18
Do you want to put it in dollars?
20:19
Do you want to buy the NASDAQ? I mean, I don't know.
20:22
I just when we look at the big picture, I see very, very bright
20:26
days ahead. Let's go to China.
20:28
Sorry, I got off here. China went dark.
20:30
I mean, this is big news. This is big.
20:33
I think it's the first time this ever happened, happened.
20:35
China went dark on silver. I mean, are you kidding me?
20:39
This comes from that guy, the international stacker in those
20:43
crab, those crabby crab people who I think I think that's
20:49
really cool and I love this guy's content.
20:51
But breaking news, hold on one second.
20:56
Breaking news. Shanghai Gold Exchange just went
21:00
dark on the silver inventory data and it's not normal.
21:09
Sorry about that guys. Having some microphone and voice
21:12
issues for the week of February 24th through February 27th.
21:17
OK, The Shanghai Gold Exchange weekly report shows 0 silver
21:23
inventory figures across all lines.
21:26
I mean, does that tell you how screwed up things are right now?
21:29
Not just in the world but in the markets as well?
21:32
Only gold volumes reported silver completely missing.
21:37
This is the same exchange that was pumping out detailed silver
21:41
stock data every week until now. When major exchanges suddenly
21:48
stop publish publishing inventory numbers during a
21:50
massive price surge in geopolitical chaos, it's usually
21:55
a screaming red flag hiding supply stress, avoiding panic
22:00
over low physical stocks, prepping for bigger moves.
22:05
The bankers are slamming silver spot hard.
22:07
If inventories are being concealed, the real squeeze
22:11
could be much closer than anyone thinks.
22:14
Is this a smoking gun? Silver $100 plus this month if
22:18
the data blackout continues. OK, you loading physical harder?
22:23
Now he has that question. Drop your theories and
22:25
predictions below. OK, and there's that was a post
22:29
from the Oriental ghost that showed I cannot read Mandarin,
22:33
but shows right there this the zero.
22:36
So I'll presume that's maybe how you say silver here, Let's pull
22:40
that up, I guess. Oh, there it is right there,
22:43
AUAU. Hold on, see if we we can't get
22:46
down. But nonetheless, this has been
22:49
wide widely reported from a number of different sources.
22:53
Let's run out. Speaking of the Shanghai ghost,
22:56
let's go check on. Let's go check on together.
23:00
Take your blood pressure medicine.
23:02
We're going to go look at the spot.
23:03
OK, You know what, guys, we're coming back a little bit.
23:07
Gold down 190 in the spot market 5132.
23:13
Remember that number? That'll be important here in a
23:15
minute. Silver at 8389, we're going to
23:19
round up and say $84 per oz. So we've come back a little bit.
23:24
I believe earlier silver actually touched like 77 or $78
23:29
per oz. So let's say we're at $84 in the
23:33
spot market. Let's go out to the futures
23:36
market where we can see we're at a lower price.
23:40
Well, we are slightly backwardated in the silver
23:45
market, this futures price here. OK, guys, this is the our
23:49
friends at the COMEX, right? And that's the May contract.
23:53
You can see me circling. This price should be much
23:57
higher, OK? And a healthy market that's in a
24:00
state of contango when the futures price is higher than the
24:05
spot price. But as we can see here, the spot
24:09
price is actually there, it is 88884 dollars and two cents.
24:14
The spot price is actually higher right now, which means
24:19
right, that's called backwardation.
24:21
That means means that people are concerned.
24:23
They want their silver now, OK, they're concerned.
24:27
It's a signal maybe a little bit more than speculation that
24:31
they're concerned whether or not they're going to get their
24:34
silver in May from that futures contract because we all know the
24:38
level of registered silver at the COMEX is continued to drop.
24:43
OK, back-to-back to the back to Asia, if we get here, here if,
24:48
if we get massive economic turmoil because of what's going
24:53
on in the Middle East. And look, like I said, there's
24:56
other channels that follow the war updates much closer than I
24:59
do. But I think it's very safe to
25:00
say that things have been escalating there, not in favor
25:04
of it, but it's just the reality that could lead to major
25:07
economic turmoil. A lot of it has to do with the
25:10
Strait of Hormuz, the Straits of Hormuz oil, all that stuff.
25:15
But the bottom line is if we get major market moves, if we get
25:20
major market economic turmoil, the Fed will be forced to print
25:25
money and inject money into the world financial system in that,
25:30
excuse me, will be good for silver and gold.
25:33
And let's look at what happened in Asia overnight, because this
25:38
is huge. We got this data about about the
25:43
Asian stock markets crashing the Nikkei, that which is obviously
25:47
the main Japanese stock index was down almost 5%.
25:51
But it was even worse with the Korean Cosby, Cosby, the Cosby
25:57
50 was down almost 9%. I mean, guys, there is just some
26:03
unbelievable things going on. Next we're going to go out and
26:07
and check in on our friend Jesse Colombo.
26:11
Jesse Colombo is like the guru of the silver and gold sector,
26:15
like one of the most respected analysts out there.
26:18
And he put out a post yesterday very bullish on the metals
26:22
markets, both of them. But we're going to look at how
26:25
that post aged. And if from our perspective, we
26:28
still are in a great position, we're going to focus in on the
26:32
granddaddy of precious metals, gold, and see if what he said
26:36
yesterday is still holding true in our opinion.
26:39
Will be interesting to see what his read is on what happened
26:43
today. But Jesse said despite
26:46
widespread pessimism in doubt among retail investors, the bull
26:49
market in precious metals and mining stocks remains firmly
26:53
intact and has many years left to run.
26:56
And then he put out this chart. This is the gold futures chart.
26:59
And remember we talked about this, OK, the gold, the, the,
27:04
the gold price had broken out of the short term triangle that he
27:08
has drawn on his on his chart there.
27:11
And then the next area of resistance was going to be 5400
27:16
to 5600. But it broke out of that and was
27:19
moving up right into that area. We were hoping that it would go
27:23
through and break out even further.
27:26
However, let's update this chart to what we have today and hold
27:30
on one second. I want to get an up to the up to
27:33
the second gold futures quote. OK, we are at on your screen you
27:39
can see in the futures market on gold $5124.
27:44
If we go back to his chart, OK, and we look where are we right
27:50
now? This is 5100 right there where I
27:54
circled. So about we've come down about
27:58
to here. So when I look at this chart
28:01
right and I look at that breakout level, I think we're
28:04
still in good shape. I think that it'll be
28:06
interesting to see how Jesse sees that, OK.
28:09
Now the other key thing that he points out is this little fact,
28:13
very important fact down here. Look at that upward sloping 200
28:18
day moving average, OK, uptrend confirmed.
28:23
I mean, look at that. That is just an incredible
28:27
steady upward, you know, support level for the gold price.
28:32
And when we talk about gold, we're talking about silver as
28:35
well. But let's hang in there guys.
28:37
We know what's happening today. The short term volatile moves,
28:41
right? Our knee jerk reactions.
28:43
In my opinion, when we take a step back and look at the big
28:47
picture about what's going on with silver and gold, we are in
28:51
very good shape. I do want to say thank you,
28:54
right to my friend Dwan's world. Wow, thank you, Dwan.
28:58
I'm going to make you famous on the Internet.
29:00
One of our fellow basement dwellers.
29:02
Thank you for that. Super chat, super sticker, $10,
29:05
super generous, never expected, always appreciated.
29:09
Guys. It's going to be, look, we
29:10
talked, I'm not Tooting my own horn, OK?
29:13
I'm not taking a victory lap. But on Sunday during our live
29:17
stream, I warned you guys that a week from Sunday that we could
29:21
be at a lower silver price. This volatility is part, it's a
29:26
feature of the silver market and the gold market, but in
29:30
particular the silver market. It's a feature of these markets.
29:34
When we take a step back and look, get this from a big
29:37
picture perspective, Lookout three months.
29:41
Lookout three years from now, we're in good shape, right?
29:45
And we can ride it out. We can do it together.
29:48
We're here to support each other.
29:49
Thank you for joining me today down in the basement.
29:52
I want you to have a great day. OK?
29:54
Take care. And I'll see you.
29:56
Yeah, I see you. I'll see you next time.