Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⛑️ WARNING! ⛑️ Avoid This SILVER Disaster! - (Precious Metals Update)

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⛑️ WARNING! ⛑️ Avoid This SILVER Disaster! - (Precious Metals Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:02
The gold and silver price are moving and we have some critical
0:06
big news stories to cover today that are impacting what we're
0:10
seeing today, but what we'll also see in the future when it
0:14
comes to the silver and gold price.
0:16
Welcome, basement dwellers. I'm glad you're here.
0:19
I've also got a big major warning, actually 2 warnings for
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you. Anyone who's looking to buy or
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sell silver or gold, you want to make sure here we pay attention
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to this. I don't give financial advice,
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but I can give this advice and I can give it to you with a super
0:36
high level of confidence. First, let's talk about the big
0:40
news going on right now in the markets.
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Look, last I checked, silver was up.
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Let's run out and take a look at the spot price of silver, which
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is healthy, up $2.00 per oz, $80.73 in the spot market.
0:58
Now if we take a look at the futures market, we've got
1:03
$81.25. So silver's doing really well.
1:07
Let's remember two things. Number one, guys, just nine days
1:12
ago we were at $7273 silver. So we've had a nice run in the
1:18
silver price and we've enjoyed it.
1:20
Volatility goes both ways. Volatility goes to the downside
1:24
and the upside and we've enjoyed this volatility, right.
1:28
But the key thing that we want to see happen today with the
1:31
silver price in particular is that it close above $80 per oz,
1:37
right? The weekly close is what they
1:40
call that, the price that it closes on Friday.
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Weekly close, You know, all those fancy technical analysis
1:46
people which we love and we love to follow and share their
1:48
information about. But the weekly close is
1:51
critical. And a weekly close above 80 or
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$81.00 will be massively critical to a lot of the
1:58
technical analysis patterns that are being formed.
2:01
Let's run out and see if we can identify maybe just one or two
2:05
of those here. Back again at the futures,
2:10
futures price of silver, this is the July contract, OK, So there
2:15
that is right there, that is right up there in the top
2:18
middle. We're at 8135.
2:22
We talked about 7250 being a key critical range, but if we switch
2:27
this to a six month chart, man, you can just see it.
2:32
Guys, do you see what I see on this chart?
2:35
OK. If we'll go, we'll draw some
2:37
straight lines, but you can see this, it's just it's like an
2:43
unbelievable almost wedge or compression that's gone on in
2:48
the silver price since January. What was that, January 28th
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where we hit that all time high in here?
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We've been bouncing around, bouncing around and what's
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important about that is that what we've been building is a
3:01
solid base of holders in the silver market.
3:05
Anybody who wanted to sell between 1:20 and 70 has sold and
3:10
they've been replaced by people that have solid long term
3:14
conviction. So it's going to be real
3:16
exciting today. We'll, we'll talk about it over
3:18
the weekend, but to see where the silver market closes today,
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the important thing is, I mean, literally 9 days ago, we were
3:27
concerned about holding $72.50 with just basement dwellers know
3:33
is kind of the key line in the sand for right now.
3:36
We may go down there again. I hope we don't.
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I hope we're just off to the races.
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And as you know, there's what we, what we like to refer to
3:43
here in the basement as the Silver 300 Club, the growing
3:48
list of top analyst who are telling us that the silver price
3:51
could easily hit $300 in the coming year or two.
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Maybe it's happening right now. Anyway, we can be very grateful,
3:59
very happy. We're in good shape.
4:00
Oh, I almost forgot to tell you. The other thing that we need to
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remember is that I did a lot of research for this video, OK, one
4:09
year ago here, I'll show you on the chart.
4:13
One year ago right now, today when we were sitting down in the
4:17
basement, I'm going to switch that to one year.
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The silver price in the futures market was $33 per oz and today
4:27
we're sitting at $81.20 per oz. I know right?
4:33
The volatility, which again, it works to the upside and the
4:36
downside can really throw us for an emotional ride.
4:39
But the reality is, guys, one year ago today, if we talked,
4:44
which we did, and we and I told you that we'd have $80 silver on
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what is today, the 8th of May, 2026, we'd be jumping for joy.
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So let's jump for joy. All right, warnings.
4:58
Excuse me, for anyone out there buying or selling silver,
5:02
yesterday I was heading out. I got a little evening job that
5:05
I do. I was getting the mail out of
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the mailbox and look what came in the mail, right?
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All right, the price of gold, this is a like a real fancy
5:14
postcard, the price of gold, about $4500.
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And they're telling me about this big event that they're
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having here in Saint Louis, May 12th through May 16th.
5:24
They're buying gold and silver and now is the time to sell.
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I want to give you a warning, OK?
5:30
I don't know this company personally.
5:31
I've never done business with them, but selling gold or silver
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to one of these traveling Rd. shows that shows up in your town
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is, I'm just going to say it in my opinion is a horrible,
5:44
horrible idea. I actually dug in a little bit
5:48
on this company because I wanted to make sure, like, were my
5:51
suspicions correct? Because I've heard other people
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share stories about dealing with any number of these traveling
5:58
roadshow companies that want to buy your gold and silver and how
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essentially they got a really bad deal.
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And what I found out, this is what this is what this is what
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the research said. There's multiple Better Business
6:10
Bureau complaints against these types of companies.
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Often times they offer people 20 to 40% below what the true value
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is of the items. Often times although in their
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their shiny postcards they say they don't employ pressure
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tactics. People report that they do
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report that they do in use pressure tactics.
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Some people have said that that they've been told by these
6:37
companies that their items are worn or worthless when in
6:41
reality, what they had was actually very rare, valuable and
6:46
high quality. And something on the back of
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this postcard says here, 20% bonus on the sale of your gold
6:54
and silver jewelry. And you must present the coupon
6:57
when you're checking out. I mean, OK, And that's going to
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lead into the second big warning I have anybody.
7:04
Look, if you're going to sell, if you're going to sell, right?
7:07
And, and I'm the first to admit to you, I'm not the guru on
7:09
selling. I've never sold an ounce of
7:11
silver. But I can tell you if you ever
7:13
decide to sell silver or gold, please take your time, call at
7:19
least three local coin shops or even coin shops that maybe
7:23
aren't in your immediate area and talk to them.
7:26
Tell them what you have and get a rough estimate on what they
7:29
are paying. You're going to do much, much
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better that way. And a lot of the online bullion
7:34
dealers will also buy back gold and silver from you.
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Those big reputable companies. Do your research.
7:40
When I did my research on this company, it was real easy.
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It took about 5 minutes, OK? And what I learned, what I
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shared with you, is that they don't, they don't exactly,
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according to the information on the Internet, have a sterling
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reputation. I've got a big local coin shop
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here in Saint Louis that I know when I look at their Google,
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look at Google reviews, they get all these big 5 star reviews.
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OK, please always take your time, always shop around when
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you're selling any precious metals, make sure you know what
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you have. Make sure you're getting the
8:16
best price possible. The other big warning since
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we're on warnings right now is please, if you're ever going to
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convert any of your hard earned money that you have in an IRA
8:28
into gold and silver, be very careful.
8:31
Shop around. I will tell you this some or
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maybe more than some of these companies that you see
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advertising on TV, on the big cable news networks with old
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retired actors or yeah, usually actors or actress telling you
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how they trust, blah, blah, blah.
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There are so many reports of people getting bad deals from
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those companies. Shop around.
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If you need a ME to refer you to somebody that I think is
9:00
trustworthy, but shop around with them as well.
9:03
I'd be happy to do that. But there's just so many reports
9:07
of people maybe converting $100,000 out of an IRA into gold
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and silver with some of these IRA companies in really only
9:17
getting 50 or 60 or $70,000 worth of metals.
9:21
They employ all kinds of tricky tactics and they on a lot of
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their commercials on TV will say, oh, and if you act now, you
9:30
can get up to $20,000 in free silver.
9:33
Well, I got news for you right? That's fantasy.
9:39
Nobody. There's no such thing as $20,000
9:42
in pre silver. So there's your warnings for the
9:44
day. Please always be careful buying
9:47
or selling silver and converting Iras.
9:50
Shop around. You always want to get the the
9:53
at the end of the day, you want to get the most metal for your
9:57
money. OK, You don't want shiny
9:59
brochures. What you want is shiny metal.
10:02
So please, please please be careful.
10:04
OK, Big news today was the jobs number.
10:09
What a joke, what a bunch of noise.
10:12
But it deserves our attention because it's what everybody's
10:14
talking about. But it's moving the gold and
10:17
silver markets. Or is it really?
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Let's go check out the headline report that we got here's from
10:23
Zero Hedge. There's some interesting
10:26
components to what came out this morning.
10:30
The US jobs jump by 115,000, smashing estimates Unemployment
10:36
rate unchanged at 4.3%. So the Bureau of Labor and
10:42
Statistics is who puts this out. Everybody on Wall Street laughs
10:45
at these numbers. They're fantasy.
10:47
But nonetheless, Goldman Sachs really hit the nail on the head.
10:51
They said in in in his preview of today's non farm payroll
10:55
report, Goldman's D1 head wrote quote the the payroll numbers
11:01
almost feel like a sideshow at this point.
11:05
You can argue a sideshow. I mean, it's a really sums it
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up. You can argue weak labor data
11:11
gives wash LED LED Fed, the new Fed head who's going to be
11:16
coming in enough cover to cut, but with oil and input inflation
11:20
still elevated. There's also an argument that a
11:23
weakening labor market alongside A constrained Fed is actually
11:27
the more difficult combination for risk assets.
11:30
If your head is spending, you're not alone.
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I'm going to sum it all up for you here in a few minutes.
11:36
But this right, this is where they can't lie.
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This is interesting. A look below the surface reveals
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a less impressive picture. While payrolls rose to a new
11:49
record high, actual employment has dropped to the lowest level
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since January of 2025. In that, my friends, not that
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this what they're talking about is this actual red line right
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here where we can see this point right here on the chart is
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January of 2025. Actual payroll numbers have gone
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down. So yeah, it's all very super
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confusing, right? Payroll, interest rates, the
12:23
Fed, what they're going to do, whatever.
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The bottom line is this. The truth is OK that the
12:30
employment numbers aren't good. The truth is that the economy is
12:34
not strong. We're living in a make believe
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AK shaped economy where the ultra wealthy, the top 1%, the
12:43
top 5% are doing really well because they own all the assets.
12:47
Everybody else is struggling, right?
12:49
It's going to take one little piece of the Jenga to come out
12:52
for everything to really hit some super hard times.
12:56
So the economy in reality, the real economy, the real economy
13:00
is not one or two or 5%. It's all of us together is
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struggling. OK.
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And at the same time, you know and I know that real inflation
13:11
is big and it's going to get much, much worse.
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That is stagflation. That is the most fruit frutal,
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frutal fruitful, a good environment that we could ever
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ask for for silver and gold. It happened in the 70s.
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I was talking to one of my neighbors this morning.
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He said this is like the 1970s all over.
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He owns a big business. He's a smart guy, super
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successful. And I, he said most of the young
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kids don't realize this, but we are reliving the 1970s guys.
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In the 1970's, the gold price and the silver price absolutely
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skyrocketed. And the most important thing for
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us to remember in the coming year, in the coming 10 years is
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that inflation, real simple, two things we have stagflation.
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The other thing is that inflation is going to be the
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driver of the bus. All this other crap, excuse my
14:09
language, employment numbers, Fed interest rates, blah blah
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blah, it's all a bunch of noise. The only thing that's going to
14:17
drive everything, including gold and silver, are the inflation
14:22
numbers. So be ready.
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I got more good news for you because the biggest inverse
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indicator of them all made a big statement.
14:37
Apparently today Evan shared with us the Jim Cramer just said
14:41
on CNBC that he is quote, not bullish on gold right now.
14:50
Everybody knows there's a thing called the Kramer inverse
14:53
indicator, which is also like the opposite of a Kramer, that
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Kramer has been so wrong on a lot of things over the years.
15:01
He's not wrong on everything, no doubt about it.
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But I think with gold, he's never been a big fan of gold off
15:08
and on, maybe a little bit, but that he's often wrong.
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So there we got it, right, CNBC mainstream financial media who's
15:15
never been kind to gold and silver and Kramer are are are
15:20
talking down on gold. Go figure.
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That's actually great, great, great news from from the
15:27
mainstream media for us now. More right, more BS Reuters.
15:34
Hey, at least they're talking about gold and silver.
15:37
But they say gold extends its gains this morning after the
15:41
jobs data and heads for a weekly gain on US Iran deal hopes.
15:47
And they're talking about the fact that again, they're talking
15:50
about the fact that that will keep inflation down.
15:54
Look, guys, I already covered it.
15:56
Hold on, here we go. We already covered it.
16:01
The mainstream media, it's is feeding us a bunch of bunk and
16:05
noise, trying for us to figure out how all this noise fits
16:09
together. Yeah, it's fun.
16:10
Yes, we'll pay attention to it. But you know the key drivers,
16:14
stagflation and inflation. We'll move on from there.
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OK, And here we go. Let's go to China.
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China's what really matters. We talked about this yesterday.
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China, right, actually requires their traders to have physical
16:30
gold and silver and get a load of this.
16:36
OK, from David Lee, great source right on the ground is telling
16:41
us breaking news yesterday. China's massively ramped up gold
16:45
purchases in April. OK, we just got this data after
16:50
adding. After adding 160,000 of gold in
16:54
March, China took advantage of lower prices in April again and
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added 260,000 ounces to their gold reserves.
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That's almost 9 times of the monthly purchase amount that
17:10
happened from October of last year through February of this
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year, when China only added 30,000 a month.
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This is also 18 consecutive months of China adding, adding
17:25
gold and we know what they're doing.
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Did I forget to hold on here? There we go.
17:32
That's what I just read to you. Sorry if I forgot to share that
17:34
screen. But we know what they're also
17:36
doing with silver, right? Buying massive, massive.
17:40
Think about it, China, what some people say is now the world's
17:43
largest economy buying massive amounts of gold and silver.
17:47
China also on their Shanghai Gold Exchange.
17:52
Shanghai Futures Exchange requires physical metal for
17:56
trading. China, India, right, are now
17:59
setting the price for gold and silver.
18:01
We are in a new paradigm and let's go over here now and look
18:06
at their silver is it's something that interesting is
18:09
happening with their silver as well.
18:13
And there you go from silver trade.
18:19
China adds 100 metric tons of silver Shank from the Shanghai
18:24
Silver Report. Total Shanghai Futures Exchange
18:28
silver inventory went up by 20,830kg.
18:33
Total Shanghai Gold Exchange inventory went up by 84,000
18:38
kilograms. The Chinese are hoarding silver.
18:44
OK, We can see that here on this report.
18:47
That was as of yesterday. Now let's go take a look at
18:50
today's report from our friend the Oriental Ghost.
18:55
There he is right there. He's been providing this data
18:58
for feels like years, but at minimum months.
19:01
This is today's report from the Shanghai Gold Exchange.
19:05
The Shanghai Futures Exchange, as we can see, if you want to
19:11
buy physical silver in China, OK, that is silver AG on the
19:17
Shanghai Gold Exchange, this is their spot market.
19:22
The price is almost $90.00 per oz.
19:26
If you go out to the Shanghai Futures Exchange for silver, we
19:31
are almost at $91.00 per oz. Another interesting thing to
19:35
point out is that their market is in a healthy state of what is
19:39
called contango. Contango is when the future
19:43
price is higher than the spot price and that indicates a very
19:48
healthy market. If we go down and look at their
19:51
at their silver vaults, Shanghai Futures Exchange silver vault,
19:55
that's today's data, it went up by another 24,000 kilograms.
20:01
The data I want to point out on the Shanghai Gold Exchange is on
20:05
a weekly basis. So we didn't see any change from
20:10
the data that we looked at earlier.
20:13
The big take away here is the price of gold.
20:15
I'm sorry, the price of silver, it's not as exaggerated in gold,
20:19
but the price of silver in China is significantly higher.
20:23
I mean, what 8978? Let's just go look at the get an
20:30
update on the price, the spot price in the yeah, I mean, heck,
20:34
almost over $9 / 10%, probably 12% higher in China right now.
20:41
And they continue to hoard physical silver.
20:45
Remember what we know about China?
20:46
Very critical to remember. Think about this.
20:49
Number one, they banned most exports of silver on January 1st
20:55
#2 we know the data right from February and March.
20:59
They've imported they no more exports and now they're
21:03
importing massive amounts of silver and they put in place a
21:08
ban on sulfuric acid acid, which will exports, which will have an
21:12
impact on on the on the overall worldwide silver production.
21:17
So getting very, very interesting.
21:19
Now let's talk about the supply side.
21:21
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broadcast possible. Now let's go out you ready for
23:11
some this is good news for for gold, but also for silver.
23:16
Gary Bohm points this out. The supply side of gold is
23:21
broken 15 years. We're going to break each of
23:24
these down and talk about why they're why they're important of
23:29
flat production, the historic discovery drought, which we're
23:34
going to look at down below and the M&A illusion why and why the
23:39
demand collision math has to drive gold prices higher.
23:43
Yes, OK, guys. There's not been a lot of new
23:47
production coming out from the gold, the gold gold mining
23:51
sector or the silver mining sector.
23:55
With silver, we know it's actually been trending down
23:58
since I think it was 2006 flat at best.
24:01
OK, so there's not a lot of new supply of precious metals coming
24:06
onto the market from the miners, the historic discovery drought.
24:09
We'll save that for last because I'm going to look at this chart
24:11
with you in the mergers and acquisition illusion.
24:15
A lot of people are getting confused by seeing these major
24:18
mergers between big gold mining and silver mining companies.
24:22
That doesn't create any more production.
24:25
It just consolidated it under one bigger umbrella.
24:29
They aren't able to necessarily increase production.
24:34
Maybe the, the company that does the, the the acquisition can
24:37
say, yeah, now we're producing X more ounces, but those are
24:41
coming from another company that already existed.
24:45
OK. And the math is going to drive
24:48
gold prices and silver prices higher because basic, basic
24:51
math, mathematics shows no forgiveness on the altar of
24:55
truth. But let's look at this chart,
24:57
which I believe, yeah, came from Tavi Costa.
25:00
This chart shows new gold discoveries worldwide in the
25:04
same is true with silver. These are discoveries of at
25:08
least 2,000,000 ounces of gold. Look at the numbers, guys.
25:13
Number one, OK, this goes all the way back to 1990.
25:18
And you can see during the 90s, man, they had like massive
25:21
discoveries of new gold, right? Big, big discoveries.
25:25
Then in the 2000s it starts to tail off again.
25:30
Looks like in 2006 we had a point where they made 22 in one
25:34
year. But look at essentially what
25:37
happened from 2007 through now. I mean, you cannot argue the
25:44
fact that the amount of new discoveries of gold, and the
25:48
same is true with silver, has gone down the tubes.
25:51
Now, why is this important? Because this represents the
25:55
future supply of gold and silver.
25:59
It's going to take 8 to 10 years.
26:02
Excuse me, from the time that a new silver or gold deposit is
26:07
discovered until under the best of circumstances they can
26:11
actually start producing the metals.
26:14
But this is the future pipeline. And as you can see, it is
26:18
absolutely the pipeline. It's like a train or a drain
26:22
going into a cesspool. It's going down the tubes.
26:25
There is not going to be a new massive supply of either of
26:31
these metals coming on board. And all right, this is
26:34
interesting. I was talking to the CEO of a
26:38
major gold mining company a couple days ago and he brought
26:43
up a good point. He said a lot of the what, what
26:46
what we are seeing right now is a lot of the big companies
26:51
saying that they're increasing their resources, but what
26:54
they're doing is they're lowering the cut off grade of
26:58
what's economic to mine. And essentially he said most of
27:01
those Oz still aren't really economic.
27:04
The future supply, it's very exciting for the gold and silver
27:08
sector. The future supply of these
27:10
metals is absolutely, absolutely constrained.
27:14
You want to hear a fun story about the value of silver?
27:17
We got a story from our friend Roy.
27:20
Actually, I don't know Roy, but I know Roy's friend really well,
27:23
Mr. M, I call him the The Gold and Silver Guru.
27:27
And this is a real simple story that tells us the real
27:32
fundamental value of silver. Hold on one second and I'll read
27:38
this for you. This is a screenshot of an
27:45
actual text from my phone, he said.
27:47
I've got a good story to share with you, Ron.
27:50
My friend Roy, who is a silver stacker, told me he's figured
27:55
out a new way to tell people about silver who don't already
27:59
know about it. OK, these are like the other
28:01
What do we call those people? Those 99% of people out there
28:04
who don't know like the real value of silver?
28:08
They've watched too much TV over the years and haven't dug in.
28:12
We call those people the the sheeple.
28:17
OK, This is how Roy does it. He starts the conversation by
28:21
saying gasoline is actually less expensive now than it was during
28:27
the 1950s. What?
28:30
Roy, what are you talking about? Of course, the response he gets
28:34
is something along the lines of no, it's not.
28:37
But then he has their attention. Roy then responds gas only cost
28:44
around a dime back in the 1950s, but the silver in that 1950s
28:50
Roosevelt dime is worth about $5.60 right now, which is more
28:58
than a gallon of gas cost today here in North Carolina at least,
29:03
he said people typically seem amazed to learn that.
29:08
Guys, we got to go back to the fundamentals from time to time.
29:11
I got a dime somewhere, OK? The fact is this, you see this
29:15
little thing in my hand, that's a dime, OK?
29:20
And that is worth $0.10. If this were a 1950 dime when it
29:26
was made out of 90% silver, that silver is worth $5.60 if we want
29:34
to measure it in paper Fiat dollars today.
29:37
This dime, silver dime, bought a gallon of gasoline back in 1954.
29:44
This silver dime today, take it to your local coin shop.
29:48
Don't go here. Take it to your local coin shop,
29:53
trade it in and you can go buy with that silver dime.
29:58
I'm almost in an ounce, a gallon of gasoline, right?
30:01
If you take this other dime, hold on, this one right here,
30:06
this 1994 dime that I'm showing you to a gas station, I think
30:12
you can get what, about 150th of a gallon of gasoline?
30:16
The value of silver, and we looked at yesterday, over 200
30:20
years, an ounce of silver buys more groceries about the same,
30:25
but actually a little more groceries today than it did 200
30:29
years ago. The value of silver, the value
30:32
of gold have stood the test of time.
30:35
No doubt about it. We're going to be fine.
30:38
All the short term noise that they're hitting us with right
30:41
now, jobs, numbers, new Fed chair, blah, blah, blah, none of
30:46
it matters. What matters truly is one thing
30:49
and that is inflation in this right, What we just talked about
30:54
that shows you inflation, right? With the 1994 dime that has no
30:59
silver in it. How do we protect ourselves with
31:02
silver and gold? That's what I believe, right?
31:05
When people talk to me about about where I think the silver
31:08
price can go, I say like Infinity and beyond, right?
31:12
I mean, really, it's hard to say how high the silver price can
31:16
go. Whether or not I live long
31:17
enough to see it, who knows? OK, I'm 56 years old, but there
31:23
really is no ceiling if we choose to measure the quote UN
31:31
quote value of silver in U.S. dollars.
31:35
The only thing all these other factors that we talked about all
31:38
this noise, right that I love the Reuters thing.
31:41
Oh and play, you know, Iran blah, blah blah, bring that's
31:44
why gold is up BS Gold's at $4800 because the value of the
31:50
US dollar has literally collapsed since 1971 when
31:55
President Nixon took us off the gold standard.
31:58
And it really started in 1913 when they created that thing
32:03
called the United States Federal Reserve, all the rest of it, and
32:08
we'll pay attention to it. And yeah, sure, we watch the
32:10
price, right? There's volatility in the
32:13
markets right now, but it's all literally a bunch of noise.
32:17
Or is Goldman Sachs even said, right, today's employment number
32:22
was a sideshow. That's Goldman Sachs saying
32:27
that. Look, three years ago when we
32:29
sat down here in the basement, we paid much closer attention to
32:32
the noise because back then the Fed had more power.
32:36
Back then, this data meant a lot more.
32:39
We the, the, the, the dye has been struck, right?
32:43
The, the ship has sailed when it comes to the unfortunate fact
32:50
that the US economy based on the US national debt, based on these
32:54
horrible decisions that our, that our leaders, our
32:57
politicians have made over the last decades.
33:00
OK, that, that there's no turning back.
33:04
So as we move forward, it's going to be much more simple for
33:08
us, right? Really what we're focused on is
33:11
inflation, which is just a, a fancy way to say the value of
33:16
the dollar going down. Hey, don't forget guys, please
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I mean, what's the safest way to store things?
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Don't have to worry about fire flood any anything, right.
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Most important, thank you. Thanks for being a basement
34:13
dweller. It's going to be a fun decade
34:15
ahead. I can't wait to share it with
34:17
you. We got the best community of
34:19
people around. If you've not subscribed to the
34:22
channel, please do that. Give the video a thumbs up,
34:25
leave a comment in the comment section.
34:27
But most important, thank you. Thanks for being part of this.
34:30
Take care and we'll see you. Yes, you soon.