Historically weak September is actually up from its market open. But don’t look for blue skies ahead. Wall Street veteran, Don Yocham shares the slew of factors pointing to the fact that we are firmly in a bear market and it’s liable to get worse before it gets better.
But it’s not all bad news. Because as Don tells us, it’s more than possible to make money in down markets — if you know how to align yourself with the global forces pushing markets around. And he invites ATP viewers to join him as he does exactly that with his daily stock tip service: The Daily Pick. For less than the cost of a meal you could be getting a hand-picked stock recommendation every day the market is open.
On this week’s show, Don Yocham, Markay Latimer, and gold expert, Alex Daley.
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►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:01.730 Who can't wait for you to 2 00:00:01.930 --> 00:00:31.249 Celeste Lindman: Can't wait for you to see this, because I don't want you to get caught in any kind of bear trap. So we got Don Yocham here, you know. Don is one of my favorite economists of all time. I mean Guys early, and I love what he has in that brain, and it's bringing it to us on this lower level. So we can understand what's really happening, and I love what he has to say about what some things that he noticed with interest rates, and you know, ECB (European Control Board) all that. I'll let him tell you about it. So we're glad that Don is with us, for Don has, you know what thirty years of experience he's 3 00:00:31.260 --> 00:01:01.110 Celeste Lindman: in the markets. He's been in investment banking and worked with institutional clients. Ah, ponies! Ah, work with Ah! And managed money from two hundred and fifty million to sixteen million. Get your head around that really exciting. So we're quiet and honest with us, and you know the thing I love about Don, too. You remember he really actually saw that financial crisis back in two thousand and eight, two thousand and nine, as a lot of great insights you've been here on? Asked the Pros, when he shared some insights, and how He is looking at this market here in two thousand and twenty two 4 00:01:01.120 --> 00:01:31.069 Celeste Lindman: to post Covid. And so we're going to hear from him. We have a newcomer. You were so glad to have Alex Daley welcome. Alex Alex is the co-founder of president of Heart asset alliance. And so he's got this multi decade decade technology and investing background. You're going to be just really uh in with what he has to share today with gold. And so did you know It's been down. Yeah, we have this kind of inflationary thing going on. So I have the money that come on and explain this to us 5 00:01:31.080 --> 00:02:00.650 Celeste Lindman: for a long time. You know, Tom Busby is a big fan of gold, right? Because it's one of the Seven Sisters, one of the indicators that he watches. So uh, so we're really interested to hear what he has to say. And of course, you know, Alex specializes in these hard assets, you know so about him at heart asset alliance, for here in just a second, and Marquis is with us in the house. Love to have marques. She's got, you know, strategies before in 6 00:02:00.660 --> 00:02:30.270 Celeste Lindman: these different types of markets. So I want to hear what she's doing to make things work uh and your strategies for the rest of the world. It's got the September month, you know. So it's totally supposed to be the worst. We're up right now. We'll find out what they think, and so let's do that right now. We jump over to you, dog first, so let me tell you all about risk, because there is risk in the work before I jump over there to Don. We have risk in the market. You know that I know that it's really important that you understand whatever you're trading. If we ever put that 7 00:02:30.280 --> 00:02:59.060 Celeste Lindman: mouse, and that's when we come here. Week after week, we come here to educate you to help you understand these things and get on the right side of the market. We use examples. We don't guarantee anything, you know. Past results are not what we see in the future. We just know what has worked for us in the past. We can use those same types of tools and indicators to help us keep making money in these markets, and we're going to show you those today. So now with that, let me bring you on. Don. Let me ask you. You know 8 00:02:59.070 --> 00:03:08.620 Celeste Lindman: um we are. You know we're finishing up this week so far up, you know September up. Are you impressed by that? Or what are your thoughts so far about September? 9 00:03:08.630 --> 00:03:21.730 Don Yocham: Um, yeah, I wouldn't say i'm impressed right. I mean it's. Ah, you're going to have um a bear Markets especially have a very sharp rallies, you know they're punctuated, but I think 10 00:03:21.740 --> 00:03:51.580 Don Yocham: we're in a bear market. We continue to be in the bear market, and you know there's some ah slight relative differences that I think the mark is up right now, and and it's it's heck, you know. There's just so much force to trading, not willing trading, but force trading going on. Ah, especially as a result of what's going on in in Europe with the energy markets that you know. If the dollar pops or sells off for a short time and kind of causes this near-term risk rally. It's not anything that's gonna be 11 00:03:51.590 --> 00:03:55.620 um thinking that the bear market is over by any stretch. 12 00:03:55.630 --> 00:03:57.390 Celeste Lindman: Great good Can't wait to hear more, 13 00:03:57.400 --> 00:04:11.100 Celeste Lindman: Alex. Welcome to Alex daily. Glad to have you here. You have a vast amount of experience in all different types of markets, and you know we have this high inflation. We've added, you know, all year why our gold and silver down? 14 00:04:11.480 --> 00:04:26.249 Alex Daley: That's a great question. You know gold, silver, like any financial asset. They get drugged down with the overall markets temporarily in a bear market. We saw this in two thousand. We saw this in two thousand and eight you see in every bear market in since Gold's been freely trading fifty years ago. 15 00:04:26.260 --> 00:04:35.959 Alex Daley: I think what we're seeing here is really the dollar is so strong short-term, while everybody gets out of risk assets and gets into what they see as risk- 16 00:04:35.970 --> 00:04:49.689 Alex Daley: rates on the treasury. And it brings down anything in the market. Gold has a tendency, however, to bounce back a lot faster than everything else in two thousand and eight S. And P. Five hundred. It took two and a half years to get back the bar. So it took two months. 17 00:04:49.700 --> 00:04:50.990 Oh, wow! 18 00:04:51.000 --> 00:05:08.690 Celeste Lindman: Oh, we got to hear more about that, so it sounds like some good timing here if you ask me so, anyway. So glad that you're here with us, Alex. And Mark, Hey, welcome back! We're glad you're here with us. Tell us, Okay, What? How are you approaching the markets right now here in the September? With this, you know, track record 19 00:05:08.700 --> 00:05:12.680 Markay Latimer: very, very, very carefully. 20 00:05:13.700 --> 00:05:27.439 Markay Latimer: Yeah, I like September trading. I know a lot of people freak out about it. I like it because I feel like we're finally done with August with all the chop where everybody's on vacation. And and now it feels like, you know, September, everybody is kind of back to work back to business 21 00:05:27.680 --> 00:05:57.099 Markay Latimer: terrible. But you know vacations are done so. Um, but it does, You know it gets a little crazy. I'm loving what happened today, cause we got so over so for three weeks, and and and I love I love all love when you have these big swings. So now we're up, we look at the spiders. We have all these breakaway gaps today. Everybody's really foolish. Um, But i'm skeptical right? So I love being the contrarian in September. So it's like I've taken a lesson from my sixteen year old son, 22 00:05:57.140 --> 00:06:05.689 Markay Latimer: so will that work, whatever the markets say. Now I think the opposite. I've learned well from him. Whenever I say he does the opposite Right? So that's 23 00:06:05.700 --> 00:06:15.260 Markay Latimer: That's why we're at, but it works. It works well in September so well. Everybody's all excited, and the talking heads on television are jumping up and down because everything's in the green. 24 00:06:15.270 --> 00:06:33.789 Markay Latimer: I look at it really critically, like, you know. Maybe if we can hold these levels great. I like it. I don't know if we can. I'm skeptical. And so I've got my levels. I know where we're breaking down below potential support. Once we break that, then I go super bearish, and i'm able to be perished before the the whole world figures it out right, 25 00:06:33.800 --> 00:06:38.900 Markay Latimer: and that's how we make money we get in just a little bit earlier. So, being a contrarian right now is pretty great, 26 00:06:38.910 --> 00:07:08.799 Celeste Lindman: you know, getting in a little bit earlier. I was wondering, Martha, could you show us, Maybe pull up the screen and just keep it going here for us? We'll get started with you. Talk strategy about the way that you're looking at the market, because you know, you talk about getting in before everyone else. So we had this kind of turn in the market, you know I did say, did you kind of anticipate that we traded to be upside on Wednesday, Thursday? Or is it just confirming to you today? And are you kind of? 27 00:07:08.810 --> 00:07:12.289 Celeste Lindman: And then going to trade it to the short side? What are you doing specifically? 28 00:07:12.300 --> 00:07:21.409 Markay Latimer: Yeah. Here, let me. I'll show you my levels because I was just. I was just running through this with some of my traders. So let me. 29 00:07:22.370 --> 00:07:25.019 Markay Latimer: It's him Still, this, 30 00:07:25.190 --> 00:07:34.910 Markay Latimer: and i'm gonna what i'm gonna do is show you just my trading platform here. That's good. I love this. So we get the chat, Mary. You are very smart 31 00:07:35.210 --> 00:07:42.389 Celeste Lindman: to see the comments, Mary, just saying, Marquette, there you go. Yes, I love you, Mary, 32 00:07:42.400 --> 00:08:00.229 Markay Latimer: all right now. So check this out. So what you see right here. This is a side by side chart. So what I mean by that is the the yellow background. Here is a daily chart of the spiders, and then the the one with the white background. Here, this is a five minute, right? So I have my daily and my five in that shark. 33 00:08:00.240 --> 00:08:05.969 Markay Latimer: So what i'm what i'm looking at on the spiders and let me know if you can see this All okay. But 34 00:08:05.980 --> 00:08:20.239 Markay Latimer: back here in the middle of all this selling pressure we had. This is, you know, kind of a bottoming candle, that little green doji. But the next state we gapped up and failed, so that failure from that gap up what that does. 35 00:08:20.250 --> 00:08:32.629 Markay Latimer: We put some straight lines here that ends up, creating a bigger kind of resistance, level or support depending. Well, we capped up today. We made it above that. But the thing is I don't. 36 00:08:32.640 --> 00:08:40.720 Markay Latimer: I think we're fully in the clear, because we're barely above moving averages. We We came right up to this other gap, which is a resistance area 37 00:08:41.480 --> 00:08:55.430 Markay Latimer: that's our daily chart. So off of this I wait for it. Just essentially. Can we continue moving higher, or do we end up breaking down? And i'm good either way. I don't really care if I were to guess I might 38 00:08:55.440 --> 00:09:14.239 Markay Latimer: leave war towards the bearish side, just because we've already been up now three days in a row. But you know either way the other thing, too, from this morning we opened up. So here is our, you know. First five minute our big gap up on the spiders. We pushed higher this morning, and now we're in this complete, just flat 39 00:09:14.250 --> 00:09:33.789 Markay Latimer: consolidation. This is pretty typical for this time of day. Right? You get close to noon. Eastern time markets slow down they go, choppy. I also love this because i'll use these as my trading levels, and it comes pretty close to the same models we have on the daily chart. So if we end up getting a bullish breakout. 40 00:09:33.800 --> 00:09:52.079 Markay Latimer: Great! We can trade that, and and that would be my signal to stay Bullish on Tech. I'll go bullish on spiders, because you know, all tech today is rallying with this moon. But if we see a breakdown here, it's a break on the five minute, it's a break on the daily chart. And now we know 41 00:09:52.090 --> 00:09:54.190 Markay Latimer: this is the contrarian plate 42 00:09:54.200 --> 00:10:01.389 Markay Latimer: that this move that you're seeing today is a bulletrap so bullish yesterday bullish the day before. 43 00:10:01.400 --> 00:10:10.840 Markay Latimer: It's interesting. I flip around to the financial channels all day long because I like it. I just kind of geek out on the news and stuff, but but it's funny, because 44 00:10:10.850 --> 00:10:37.189 Markay Latimer: the last couple of days you didn't have this consensus of bulls, but today I mean other than the Queen right other than that conversation. Um, you do have a lot of bulls out there talking, and they're all excited, and here we are. The markets are put in a bottom we're going to go. Those are the perfect situations to create a full trap. When you trap all these bulls they get sucked in, and they buy. Now, if the markets do go down, 45 00:10:37.200 --> 00:10:56.100 Markay Latimer: then they're stuck. But if you're looking at the chart like this, you know your level, so be foolish today. That's fine. But if the spiders end up breaking down, you gotta switch. You gotta, you know. Exit your bullish positions and flip that trade. That's your contrarian trade that gives you the ability to make money 46 00:10:56.110 --> 00:11:01.989 Markay Latimer: at these markets, too. They'll plummeting back down again. So that's kind of what i'm looking at those two levels right there from those gaps. 47 00:11:02.000 --> 00:11:24.300 Celeste Lindman: So question for you on Marquet, on those, you know. Um, do you? Do you tend to in this type of a market right now. Do you tend to trade the spy up and down when you're seeing these changes in levels, or do you tend to pick other? You know stocks or equities that are that are maybe to see or set up. What do you do to say what I think about? 48 00:11:24.310 --> 00:11:50.989 Markay Latimer: So it's a really good question. Normally, I use the spiders to help me set up my trade on tech stocks. I like mostly trade tech stocks, because let's face it when they're moving. They move really well, so, and I love options and options on a lot of tech stocks are really good, so i'll often use the spiders as a setup, but the choppier the markets get. It gets hard to do the individual stock picking. I think it's it's more difficult, 49 00:11:51.000 --> 00:11:52.980 Markay Latimer: and the moves aren't as sustainable. 50 00:11:53.030 --> 00:11:55.990 Markay Latimer: So that's when I go to trading just the spiders. 51 00:11:56.000 --> 00:12:22.990 Markay Latimer: And I always love, though I love the spiders like as a as a hedge, or even a longer investment next type of spiders dip. I'll just buy some spiders out right and hang on to them, but otherwise markets. Now, like what we expect in September. What we often get I will do a lot of trading on the spiders, and this breakout move is one that i'm looking at to trade today on the spiders. So yeah, that's kind of choppier markets I trade war. Just focus on in on spiders and a couple of weeks. 52 00:12:23.000 --> 00:12:33.060 Markay Latimer: Thefs markets when you have stocks that are in better trends and whatnot. I'll use the spiders as a kind of a guide, and then i'll go more towards trading stocks or options on stocks. 53 00:12:33.070 --> 00:13:03.060 Celeste Lindman: That's that's great inside. Well, you know, Marquette, as i'm so excited starting this morning, I've got to really give you a great introduction. I Won't Let everybody know most of you do know, because Mark has been there with us. She's like She's a really good friend to ask. The pros brings God content because this gal you know I love her. She took two thousand dollars to two million. She knows her stuff, and I love how you say this, Marquette, that Wall Street does not know how to do it. You are just for us, and you give us confidence to be able to get in a market and learn to. 54 00:13:03.070 --> 00:13:22.290 Celeste Lindman: Yeah, the same way that you do. And I know that you provide a lot of great education to people. Um, They they always raise Marquette about the way you explain things to them. The The setups are simple. It's easy to follow. Uh they just they they love you. So. Um! What kind of things are you educating your people on right now? 55 00:13:22.530 --> 00:13:29.499 Markay Latimer: Well, thank you for saying all that you know. One of the things just real quick is that first of all, I didn't pay Celeste 56 00:13:29.510 --> 00:13:31.210 Markay Latimer: a second, 57 00:13:31.630 --> 00:13:32.700 Markay Latimer: all of them. 58 00:13:32.710 --> 00:13:44.119 Markay Latimer: It is really easy to make trading difficult, and it's hard, Right it. I mean it's just outright. It's tough, and there are a lot of moving parts. There's a lot of stuff that can mess us up and confuse us. 59 00:13:44.130 --> 00:14:00.169 Markay Latimer: I think you have to simplify it, and that's what I do, and I think that's where I help people, and that's what people like. It's just a message of simplicity. And so really a lot of what I am doing like, I said, looking for those traps or these reversals, and thinking more like a contrarian, 60 00:14:00.180 --> 00:14:16.049 Markay Latimer: and so I am focusing on watching moves a lot of times. I'll look for to move three, four, maybe five days in a row in one direction, and then we get these reversals. There are a lot of failures out there where stocks start to move it, and they end up failing right. 61 00:14:16.060 --> 00:14:35.880 Markay Latimer: So we trading those can be really profitable, and it's really cool to have that kind of mindset, because then you're not getting sucked in with the masses, You're not the last one going polish on spiders today because you heard it on Cmc. Which would be a terrible way to go right, so looking for those traps that I see a 62 00:14:35.890 --> 00:14:42.990 Celeste Lindman: Adam just put the leak in. Can I tell him about this? I was gonna say, make sure you do. I wanted to make sure everybody sees what's posted in that link. Please tell us. 63 00:14:43.000 --> 00:14:50.280 Markay Latimer: Yeah, because it is so important for September to think more like a contrarian Use these wild swings that we get, 64 00:14:50.320 --> 00:15:09.989 Markay Latimer: and that gets sucked into them. But we are ready to trade the other side. That's exactly what this is, and we Actually, that's our programmers together, and it's taken a while. But we've got this really cool indicator that will help us find those traps, and we started out looking for the bear trap, because the markets were dropping, and then they would fire up it. 65 00:15:10.000 --> 00:15:18.609 Markay Latimer: Well, then, we notice it's working the same on these bull traps as well. We'll see if today ends up being a bullet. You know the levels to watch, 66 00:15:18.620 --> 00:15:42.319 Markay Latimer: but the indicator is helping us find other stocks and other other traps that you may not see as readily. So we put this into Canada together again. We got a program still in Beta. We're testing it out. It's going to be ready to go next week, and so I have a class next Tuesday at one o'clock Eastern, that you guys are all invited. Come and join me, and i'll show you more about it, and I can get into the the traps and kind of show you the different new 67 00:15:42.330 --> 00:16:06.989 Celeste Lindman: excellent. Make sure you get that captured everybody. Go to that chat. Look right now. Get that link that follow it. Ah! With Ah, that Adam is posted in there, and um Ah, you will want to be part of that education with Marquet. I have signed up a lot of process over this at all. Ah, Let's see. Cyrus is wanting to know. Do you use that volume? A daily trading volume on any of your analysis market? 68 00:16:07.000 --> 00:16:24.489 Markay Latimer: Yeah, I do. I like volume a lot. I I think that you get, you know, volume of price, action, or the two purest forms of analysis. So I do a lot of that. One thing, too. I, as much as I love volume, I will always defer to the price action over volume, if if it if they conflict, 69 00:16:24.500 --> 00:16:43.340 Celeste Lindman: just because you know, some days you have lower volume, just because lower by day you could be a holiday, or, you know, or like a free holiday weekend, or sometimes, boy, it just gets weird, but generally I use it a lot with the price section. Right? Well, great. Well, thanks for sharing that any other insights that you think are important for us to know for this month of September. 70 00:16:43.350 --> 00:17:01.600 Markay Latimer: Well, yeah, I just think, you know, stay agile. Think about staying diversified, too. And you know, if you can't find the right stock and you find you're not getting consistency. Consider checking out something like the spiders or some of the good solid etfs. You can see my washes up here. I've got some of my favorites up here in the upper left, and you want to grab some of those, but just you know, 71 00:17:01.610 --> 00:17:19.780 Markay Latimer: just keeping it keeping it easy. Don't get stressed, and Don't rush, because if you don't see the pattern right away, there's always going to be another one. That's the thing. I don't want people to to rush and force trades when they don't feel comfortable with them, because that's how you churn your account, and just, you know, just because it's there the moves will be there, and they'll be good. 72 00:17:19.790 --> 00:17:26.689 Celeste Lindman: Think like a contrarian, and I think you'll make it through September with, you know, ahead on the game. I think it's very doable. Excellent. 73 00:17:26.700 --> 00:17:55.839 Celeste Lindman: Very well, said He's going to keep that screen at March second. So you all can jot down some of those stocks That or Kate is watching, and then make sure you join that Link Adam is supposed to it can get in with There, Marquette, you don't love that. So? Okay. Always a pleasure to have you for your great insights as always. So Thank you. Thank you. And drop down those those sicker symbols There, everybody! All right. Well, we are so glad As I mentioned, we have Alex with us, and uh, first one 74 00:17:55.850 --> 00:18:18.790 Celeste Lindman: I asked the President. We've been begging him to come here for about a month or two now, so glad that we're gonna get this golden sign, I mean, have you all been watching it? Have you been anticipating things as well, you know, with this inflation? Let's get Let's get all of the uh, the nitty grade on this poll. So let me ask you, Alex, you know why. Why do you think it's important for people to help? 75 00:18:19.260 --> 00:18:30.410 Alex Daley: I mean simply put gold is the best performing asset of this century to compare it to even a dividend adjusted. S. And P. Five hundred gold has outperformed it even with recent softness in the market. 76 00:18:30.420 --> 00:18:39.310 Alex Daley: In fact, any portfolio over the last fifty years has contained five percent, ten percent. Even twenty percent gold is outperformed the general market. 77 00:18:39.320 --> 00:19:00.660 Alex Daley: It's a contrarian asset. I think Marquet is very right now. Especially is a crime in the market to be contrarian, but it's really a long term, asset the asset you own, so that when there is a big move in the market, a two thousand and eight like move that you have dry powder that moves in the opposite direction of the dollar, and generally in the opposite direction of volatility in the stock market. 78 00:19:00.670 --> 00:19:13.589 Alex Daley: So what you'll see is, you know, high volatility. The upside gold is soft, high volatility to the downside. Gold will recover fast, and it will become the sort of spending asset that you use to fund buying all those bargains. 79 00:19:13.600 --> 00:19:24.180 Celeste Lindman: So what are some things that you know cause and in your opinion, cause these moves up and down over the long-term end goal, 80 00:19:24.230 --> 00:19:33.739 Alex Daley: I mean ultimately, gold is really just retaining its value. That's the difference. You can take an ounce of gold, bought it effectively the same thing in one thousand nine hundred that it buys today, 81 00:19:33.750 --> 00:19:53.949 Alex Daley: Right? What's happening is that the dollar is changing against it. We all think of our stocks as being priced in the dollar, which is, you know, to some extent kind of silly. When you start to look at the earnings of companies like Google and Microsoft, and make sixty seventy percent of their profits overseas. And you see things like soft Eps in this quarter, and that quarter of the dollar is strong. 82 00:19:53.960 --> 00:20:08.219 Alex Daley: See the same thing with gold. Gold is about retaining your purchasing power. It is not about gaining, necessarily. It's an inert atom. It sits there it doesn't corrode it doesn't get lost infinitely malleable. It's sort of the perfect 83 00:20:08.230 --> 00:20:17.839 Alex Daley: form of preservation of money, but that's really what it's doing right. When there is a loss of value in the market for those. The currency markets, bond market stock markets. 84 00:20:17.850 --> 00:20:35.729 Alex Daley: Gold is the thing that sort of acts as ballast. The hedge for your portfolio, so look at it the opposite way. Gold is not moving short term. The dollar is hold soft right now, because the dollar is strong. But is the dollar going to stay strong? We have inflated the amount of currency available in the market 85 00:20:35.740 --> 00:20:55.190 Alex Daley: by trillions and trillions of dollars over the last few years, and if you look at Gold's trajectory from, say, you know, twenty five years ago to today, think about one thousand nine hundred and ninety seven folds trading a couple of hundred bucks. Now it's one thousand seven hundred right, that same trajectory. None of the fundamentals that caused it have gotten better 86 00:20:55.200 --> 00:21:11.019 Alex Daley: debt is worse. The dollar is getting debased faster. Personal debt, government, debt, corporate, debt all time. Highs right. I think the fundamentals that drive the gold price remain intact today, and may even be frankly better than they were twenty five years ago. 87 00:21:11.030 --> 00:21:29.629 Celeste Lindman: And as I anticipated, we're getting quite a few questions. Um, so we're so glad that you hear um Alex with us. And so one question that I want to ask you about what's what's the advantage to holding? You know physical goals versus paper. Behold, how would you answer that? 88 00:21:29.640 --> 00:21:39.669 Alex Daley: I mean the paper? Gold is great for short-term trading right You want exposure to daily movements treat or sentiments of the kinds of things that Marquette was talking about, 89 00:21:39.680 --> 00:22:03.049 Alex Daley: and paper gold can be valuable for that because it has really tight spreads. The problem is long-term paper goal is missing sort of two things. One it can decouple from the markets. You can get a point. And you see this in any fund structured product, right where the nav, the underlying value of that funds decouples. You'll see that with, you know, high volatility assets like business development companies, 90 00:22:03.060 --> 00:22:20.909 Alex Daley: I companies where the Nav spreads to me at ten percent twenty. That's a real risk with paper goal, right? Paper gold also tends to be a credit instrument. There's a lot of risk in there. You're basically betting that whoever is providing your paper, if it's like a pool provider that that gold is actually there. And that company is credit-worthy 91 00:22:20.920 --> 00:22:34.969 Alex Daley: with physical gold. You have none of that. There is no counterparty risk it isn't. The only asset that is not simultaneously someone else's liability. So when you own and you control real physical gold, you have far less risk. 92 00:22:34.980 --> 00:22:48.539 Alex Daley: So it tends to be a more stable asset long-term. Also the premium on the manufactured gold tends to rise faster when gold is rising, so when you see the gold price moving up like you did in, say, two thousand and twenty right. 93 00:22:48.550 --> 00:23:08.790 Alex Daley: That market, for instance, the price of the mint charges for, say, like a silver eagle, it's about two dollars going into that. Now it's about three bucks from the men, and the wholesale price about seven dollars over. So what you've seen is actually the price of, say, a silver eagle inflated dramatically faster than the paper price of just silver contract. 94 00:23:08.800 --> 00:23:23.269 Alex Daley: So by owning physical, you actually get a little bit more leverage over the market, both from inflation and the natural inflation of the cost of that manufactured gold, as well as as the demand for physical drives that premium up in tight markets. 95 00:23:23.280 --> 00:23:35.989 Celeste Lindman: All right. Excellent Good good information. Okay? And there's more questions here, And I want to ask this question from Cyrus first, because I really want to get into Also, you know, ways that people can really take advantage of them. But I 96 00:23:36.000 --> 00:23:42.460 knew that this question would be coming up about the cryptocurrencies, you know, and it's impact on hold. So could you touch on that a little bit? 97 00:23:42.560 --> 00:23:49.529 Alex Daley: Sure, I mean, I look at Bitcoin and gold as cousins right? They're both effectively trying to accomplish the same 98 00:23:49.540 --> 00:24:11.570 Alex Daley: thing, which is to create a form of money or value storage that isn't subject to the sort of wins of politicians, and spending on this or that project, whether it be a war or social program or just, you know, having to raise the interest rate here to prevent inflation and watching the dollar. You know, percent of the Federal budget that goes to pay that is going way, way way up. 99 00:24:11.580 --> 00:24:31.269 Alex Daley: So I think you know that's really the goal. I think there's a big difference, though, between gold and Bitcoin when it comes to just history and the amount of speculation that's in the market fold is a fifteen trillion dollar market alone. I'm not even talking about precious metals. We're just talking about goals. The second largest market in the world after the Us. Bond market. 100 00:24:31.400 --> 00:24:48.079 Alex Daley: So it it is an absolutely heat draft. It's owned by every major government in the world. It's it's widely traded anywhere you go it doesn't. It's immune to every effect there is It's immune to an Internet attack right? It's immune to you know. An electricity outage 101 00:24:48.090 --> 00:24:56.069 Alex Daley: Bold will always do gold's job Bitcoin, you know. It's a laudable attempt. It's not going anywhere. Trust me, 102 00:24:56.210 --> 00:25:24.509 Alex Daley: I have plenty of holdings in cryptocurrency, but it's a cousin right? There's a place for both of them in the portfolio, and I think frankly, the cryptocurrency markets got a little overheated with speculation. They grew outs, and there's been a big correction. I think we've seen that gold doesn't have a tendency to get drugged up or down by the sort of you know, flavor of the year in the same way that a smaller asset crypto currencies are basically a two trillion dollar, one trillion dollar market, 103 00:25:24.520 --> 00:25:35.489 Alex Daley: and even that doesn't sort of reflect it. They they create a fraction of what gold does in terms of turnover. So they're much more subject to the whims of the market month to month, week to week than gold is. 104 00:25:35.500 --> 00:25:53.890 Celeste Lindman: I was really great inside. I've been wondering about that is, myself, sire, so thanks for asking that There's lots of questions here about, you know, investing in an Iras, and I want to get to that. 105 00:25:53.990 --> 00:26:06.899 Alex Daley: I don't have any specific comments on it. One way I look at stable coins in general, and I've seen There's about one hundred and fifty gold back stable coins of a scale, and everybody's trying to do it. 106 00:26:06.910 --> 00:26:21.910 Alex Daley: I think it's sort of gold with complications. Right? Do you own it? The Pax G on it? Where do they store it? What vaults it in. Who's the third party provider? Is it all it is? Do you, on this bar that bar? Is it hypothetical? It's credited 107 00:26:21.920 --> 00:26:38.440 Alex Daley: sometimes the issue with going through a complex intermediary, is you just add complexity. For example, can you take delivery, you know. Just click a button and get it delivered to your home? If for some reason you're concerned about the person who's holding it, is there a third party holding them accountable? 108 00:26:38.450 --> 00:26:55.210 Alex Daley: We tend to look at gold as true physical gold. You don't own it, unless it is either held by you or held by a third party, independent custodian with independent insurance coverage of independent auditing. That's how we do it. Hard assets alliance. We don't store your gold for you the way Pax does 109 00:26:55.220 --> 00:27:09.790 Alex Daley: It's your gold. It's held in your name over the independent bulk by like brinks. Loomis. It's a big difference between that and a financialized asset where you don't really have much control over it. I think you know a little bit better than paper goals, but not a lot 110 00:27:09.800 --> 00:27:19.659 Celeste Lindman: good. All right. Well, let's get to the next golden question about these Iras people are wanting to know about services that offer gold in Iras. Can you talk to us about that? 111 00:27:19.670 --> 00:27:38.579 Alex Daley: Yeah. Sure. Gold. It sort of fits. Well, in an Ira right. I think you normally think your Ira is the place you want to put the more volatile high gain assets, but you also have to think about tax rates. Gold, interestingly, is taxed at the highest rate of any investment tax is a collectable which means you always pay ordinary income taxes. 112 00:27:38.590 --> 00:27:55.340 Alex Daley: Right? So it's no long-term. Capital gains treatment to your goal. So if you're going to invest in it somewhere, and you qualify for an Ira and have assets there That's the place to do it, because you're going to say effectively thirty, three percent on your taxes instead of saving twenty percent. 113 00:27:55.350 --> 00:28:19.289 Alex Daley: There's additional leverage on whatever you do gaining gold by investing in an Ira part. That's a alliance, you know. I don't want this to sound like a commercial, but we tried to make it easier simpler, and generally to buy golden Ira. You have to go to a self-directed custodian pay them a bunch of money to open in a special account Do they have to go to a gold dealer, have it shipped to a different ball? It's a lot of paperwork, a lot of logistics. It's really expensive a hard asset client. Just go on click, 114 00:28:19.300 --> 00:28:28.589 Alex Daley: type in your name and address. Open an Ira, and you can buy until gold, whether it's in a taxable account for anyone around the world, or in an Ira equally right on our website, 115 00:28:28.600 --> 00:28:40.150 Celeste Lindman: all right, and Adam has posted a link there in the chats and make sure you grab that as well. One more question for you. If people are investing for the first time, what would you say is a great way for them to do that. 116 00:28:40.320 --> 00:28:53.810 Alex Daley: The trick is to stay focused on products that are liquid, that trade tightly right. The bold market is filled with late-night infomercials about collectable limited addition. This, that what they call the new mismatics market 117 00:28:53.820 --> 00:29:21.410 Alex Daley: by what they call bullion right focus on bars really highly circulated coins like maple leafs and American eagles. Right? They focus on basically don't pay a lot of spread right you the same way. You want to trade a stock that's got a, you know. Been asks about twenty five percent. Why would you buy a, you know, limited dish and collectable point? If you're not an expert in that market. That may be trading a double or triple even what the underlying gold is worth 118 00:29:21.420 --> 00:29:42.359 Alex Daley: when you can go buy a you know kilogram gold bar with a you know, fifty basis point spread. Don't. Waste your money on commissions and collectability, you know, just by bullying, and it happens to be that hard Assets Alliance, that's all we sell. You go to a normal gold website, the three thousand coins we got like five of them. They're only the ones that investors should 119 00:29:42.370 --> 00:29:51.889 Celeste Lindman: perfect. Well, yeah, go follow that link and tell me. Tell me what's the best way for people to get to know you better to know more about your services. How can they get involved with you? 120 00:29:51.900 --> 00:30:09.270 Alex Daley: Really? Just go to hard Assets Alliance, Dot Com. We're a pretty simple shop. Honestly, this is what we do. We do it professionally. Merrill Lynch ubs The world's largest wealth Managers use our platform to invest in physical practice metals part. That's why I see the way you can use the back same tech 121 00:30:09.280 --> 00:30:21.300 Alex Daley: to get the exact same advantages investing on your own. There's a great report on that homebase. That explains how portfolios with gold outperform those with how it's got fifty years worth of analysis in it. 122 00:30:21.310 --> 00:30:44.289 Celeste Lindman: Highly recommend downloading that reading that. And frankly, if you don't own gold, just own it. There's no right time or wrong time to own gold pretty much anytime you would have bought it over your lifetime. It's performed great in the long run. So you know they have people always ask me. One is the best time to buy gold today, you know. Just don't don't be that person who got left out in the gold when you know the next time it spikes. 123 00:30:44.470 --> 00:30:57.090 Celeste Lindman: Love it well. Thank you so much, Alex, for joining us. A lot of people typing in that is very informative. They very much appreciate all of your information. So go hit them up there at the website. Find out more about them. So thanks, Alex, for to have you back on another time. 124 00:30:57.100 --> 00:30:58.389 Alex Daley: Oh, thank you so much. 125 00:30:58.400 --> 00:31:02.739 Don Yocham: Ok. Dawn. I'm dying to get here to you. I want to know, because I heard you talking. 126 00:31:02.750 --> 00:31:21.539 Celeste Lindman: I think it was yesterday on your daily pick channel um on the on the telegram channel, and you were talking about the Ecb. You know, hiking the rates and its impact on the euro and its impact on the dollar. I was wondering. Can you share more about that to our as the rose audience about what you were saying and and why it's important. 127 00:31:21.550 --> 00:31:51.539 Don Yocham: Yeah, you bet. So um, you know the Ecb is trying to fight the same fight that the the Federal Reserve is trying to fight, and that the Bank of England is now realizing that it needs to fight. Ah, ah! Curiously, the jet bank of Japan is not fighting this fight. They? Ah, they're going quickly the other way. So Ah, but you know they're they're ah raising the rates. Ah! In order to tamp down inflation right, tamp down growth, tam down, demand 128 00:31:51.550 --> 00:32:17.889 Don Yocham: hopefully. Tamp down inflation. Um. And now what what happens there is when they raise now all currency exchange rates? They are really just a a a difference. They reflect differences in relative interest rates, and those interest rates reflect growth and inflation between the two countries. Right? So, you know, if growth is stronger in the Us. Or inflation is lower, the dollar is going to rally relative to 129 00:32:17.900 --> 00:32:37.679 Don Yocham: euro. Right? Um. Well, now that the ah Europe, the Ecb has hiked those rates right? That makes the euro that much more attractive than the dollar. So the pet now has to go even more to fight that to to make up for those differences, because the stronger dollar is helping the fed by inflation. 130 00:32:37.690 --> 00:33:07.099 Don Yocham: Right? So now it's It's a beggar, thy neighbor type of thing right? The central banks are actually competing. Um, you know, I frankly think in this environment, you know, there's a lot of dirty shirts out there, This is, not, you know a pro-fiat currency kind of go dollar right, but there's a a lot of dirty shirts that go across the central bank. Ah, currencies! And ah! The Us. Just happens. Hand between a sturdy shirt. You know we have um. We don't aren't caught up in a bind 131 00:33:07.110 --> 00:33:25.790 Don Yocham: like Europeans right? The Ecb. Has to um. They are. The Ecb. Is trying to raise interest rates, but at the same time they are trying to fail out Italy. Nobody wants Italian bonds, so they're having to buy more Italian bonds to support that market. At the same time they're selling bonds to raise interest rates. 132 00:33:25.800 --> 00:33:29.080 Don Yocham: Yeah, right? It's a confusing right. Oh, my God! 133 00:33:29.090 --> 00:33:58.540 Don Yocham: And now all the individual countries I mean it's not like um. The countries aren't like the States here in the Us. You know they have their own policies, and every single one of them are now out there. Um selling, or i'm sorry stimulating economy. They got all these emergency packages right shut down natural gas down North Street, Bideline last Friday. Right? So that's um. So that's just causing 134 00:33:58.550 --> 00:34:06.160 Don Yocham: all kinds of problems, and that means that the while the the central bank is trying to tighten up conditions. 135 00:34:06.170 --> 00:34:28.189 Don Yocham: All the fiscal stimulus is starting to Loosing Commission surveilling out energy companies. They're bounding up producers. They're bailing out residents with you know, with utility support programs and all sorts of things. So ah, you know, at the end of the day that just means a lot of ah, a lot of production is taken off by 136 00:34:28.199 --> 00:34:38.249 Don Yocham: which only feeds inflation more. And then they're throwing money on top of that, just to make sure that stimulus and spending stays higher, you know. Then it's just 137 00:34:38.260 --> 00:34:50.789 Don Yocham: ultimately. The dollar is going to win this battle over the near term. What you have is a massive weight on growth and productivity, and and certainly 138 00:34:50.800 --> 00:35:07.730 Don Yocham: stuff that's fueling more inflation in Europe. And that contagion right. Just think about clearing houses to exchanges, or how banks are interconnected. Energy markets are interconnected that way, too. There are clearing houses where they clear energy, and it's how they extend credit. Well, that 139 00:35:07.740 --> 00:35:35.709 Don Yocham: those those very structures are a huge potential source of contagion for the global markets. Just like Lehman spread contagion. Ah, it's spread contagion of a mortgage market in the us to the rest of the world right so back in two thousand and eight. So that's what we're sitting there looking at um. You know it's Ah! And there's no way that the Us. Or China, or anybody is immune from from something at that. 140 00:35:36.350 --> 00:35:53.789 Celeste Lindman: See? I told you guys everybody I mean my head's exploding with with just all this great information. So thanks for that, hey? Question here from Ray. Um. So are you saying kind of commodity? Prices are going low because of a dollar appreciation and demand destruction, and not because of inflation by 141 00:35:53.800 --> 00:35:54.689 Don Yocham: Well, it's both. 142 00:35:54.700 --> 00:36:06.340 Don Yocham: Okay. So. Ah, well, let me let me let me unpack that question. There, let me see. Commodity prize are going lower because of dollar appreciation. So that is true, like we are, you know, over in the twenty first century. Well, Society, we are 143 00:36:07.030 --> 00:36:35.460 Don Yocham: for short gold. We're basically we're along the dollar, and we're along the dollar by going short gold bitcoin various equity market indices. Ah, and specifically short the the pound, the euro, and the yeah, right? Ah, and all of that is, and and you you see it every day in the market. It's just basically the dollars up. Everything else is down, and then vice versa. So commodity it's hard to say. Come on, I don't want to say commodity prices 144 00:36:35.470 --> 00:37:04.649 Don Yocham: across the board generally. Right? Um Are are going down, I mean, that is, that is the source of it, right. You have massive supply problems. You have massive production problems. So commodity prices may not necessarily go lower because of the strong dollar, because there are other more powerful forces driving them higher. But as far as the rest of the economy goes, right, that is an economic activity and other assets. They are going lower 145 00:37:04.660 --> 00:37:17.620 Don Yocham: because the dollar is going high, and yes, the dollar a stronger dollar creates Some demand destruction in the Us. In a way it's that that's doing its job, and That's where the Ecb kind of 146 00:37:17.630 --> 00:37:37.589 Don Yocham: you know um spoil the pot for the fat they raised rates which they have to do, and that means that the dollar weakened. And so it's, you know. Now exports are, or or now it's um, and so demand in the Us. Is supported because of that, and then It' like 147 00:37:37.600 --> 00:38:02.380 Don Yocham: we're trying to destroy demand, you know. So ah, so it's. It's mainly these financialized assets that are going to sell off as a result of the stronger dollar, right oil and grains and and natural gas. You know we're acting to far larger forces than just. You know how much What's their relative pricing difference based on the 148 00:38:02.390 --> 00:38:13.989 Celeste Lindman: that's great, really good. And then just one other quick question here before I have some other questions I want to ask you about 149 00:38:14.000 --> 00:38:29.419 Don Yocham: It's the same same response. Right? I mean, oil is ah oil is, you know. There's Ah, if it weren't for um, you know the the the nuclear deal in Iran and the potential for you know, back to 150 00:38:29.430 --> 00:38:44.379 Don Yocham: that production or Iran, or withhold oil, or who knows what else is going on with? What else can go on with Russia or Visa Bee, China and Taiwan All of these things right there. That's the bullish case. But 151 00:38:44.390 --> 00:39:06.439 Don Yocham: if all else, if that just stays fine, right? And the Opec continues to supply oil, which I don't think I think they're more likely going to start cutting it. Um, Yeah, it would cut into oil, demand right, and would lower the price. But there's these other things out there, these Lamos. Ah, you know. Ah, that that can really send a tire. So that's It's not the commodity. Prices are not one on one right now with the dollar. 152 00:39:06.650 --> 00:39:07.790 Okay, good, 153 00:39:07.800 --> 00:39:24.789 Don Yocham: like global shipping stocks are up simply because they're Ah, you know, there's a scarcity, right? I mean, entire global supply system is being realigned right from A, from a globalization to much more local production, and that that's just tightening it on the 154 00:39:24.800 --> 00:39:27.919 Celeste Lindman: excellent great. I want to know, Dawn, 155 00:39:27.930 --> 00:39:41.250 Celeste Lindman: How do you take all of this information that you have in your brain all of this expertise. And how do you bring it to the equity market and trade and make money? How do you use that to get an edge. 156 00:39:41.270 --> 00:40:07.599 Don Yocham: Well, there's a you know. The the big picture is ah always key, right? I mean. So you know, on a on a micro level. A very bottom-up level I put on, and i'm sure it it would be a deviant profile Right? It it tells me price and volume right all in one thing. It tells me how it's distributed, and and I I get a lot from that. Ah, but apart from that, you kind of have to know the tempo. You know What's the What's the temper and the temperature outside? You know what's 157 00:40:07.610 --> 00:40:36.030 Don Yocham: is it storming, or whatever, and that's back in um When it was. It was probably in in May, you know. You could have convinced me up until early May that you know we could go back to four thousand eight hundred, you know. We're not going to tip completely over, although you know the way Russia was set back in us and Russia invaded in February, you know there was this kind of okay. You better be trying to be careful, and we were short through that. But you could convince me that there's a bullish case to be made 158 00:40:36.040 --> 00:40:59.080 Don Yocham: um. But you know, after that first fed hike and the reaction and and and and the way the market reacted, and a lot of it didn't. Then he started to really see what's happening in Europe and all kinds of things. Then, you know, I knew that the bear market was on right. And so now i'm specifically out there, looking still using that volume profile, but 159 00:40:59.090 --> 00:41:22.439 Don Yocham: definitely being much more um specific about you picking my shorts right when the If we were in a bull market i'd biased the the bullish case. If we're sideways market, you know you kind of go with whatever pops up right. But but right now there's a massive macro. The macro is dominating the scene, and you can't ignore it, and the first step is to understand that. And I I don't know how you say 160 00:41:22.450 --> 00:41:39.689 Don Yocham: you know. Uh, how how do you read the Macro environment? It's, you know you take a lot of information, and ultimately your gut sorts it out right, and I think that's what I mean, and keep looking for it. It's always checked Always just. 161 00:41:39.700 --> 00:41:47.219 Celeste Lindman: I want to hear more about this, how you can help us in our gut to sort these things out. 162 00:41:47.300 --> 00:41:48.579 I'm gonna 163 00:41:54.580 --> 00:41:58.439 Don Yocham: sorry about that, Thought I want you to show us some of your 164 00:41:58.450 --> 00:42:15.200 Don Yocham: ah yeah. So you know, let me. Ah, I think what i'll talk about is um a program we got, and i'm going to share. I got a few slides here. My mandate put together some information that I can share with everybody regarding a service we've got, 165 00:42:15.210 --> 00:42:28.619 Don Yocham: and we, you know, in these kind of markets. You've got to make a pick every you. You You gotta always stay at it. You've got to always test the market with with with with trades and get choking on the market. 166 00:42:28.630 --> 00:42:38.690 Don Yocham: So let me let me just kind of walk, you guys through a service that we launched maybe a month ago or something, and we're having some great success. I think everybody would really benefit from it 167 00:42:38.700 --> 00:42:41.089 Don Yocham: before you jump into that tune on. 168 00:42:41.600 --> 00:42:49.860 Celeste Lindman: Sorry. Yeah, totally. I don't know what that was. But anyway, how are you? Can you show us even how you're looking at the market with your volume profile 169 00:42:50.300 --> 00:43:00.270 Don Yocham: some of the trades you've done, and then I want people to see how they can get involved and get this great information. I love it. Yes, you bet. All right. So let me let me share my what I look at all the time. 170 00:43:02.140 --> 00:43:04.589 Don Yocham: Okay, let me get a couple of things out of the way here. 171 00:43:04.600 --> 00:43:09.780 Don Yocham: Okay, So this is My, This is my screen. This is volume profile. And what this, 172 00:43:09.810 --> 00:43:24.040 Don Yocham: what this tells me is that normally you have volume bar at the at the bottom right, and that aligns to whatever time segment you're breaking up your market. And in this case we're looking at thirty minutes thirty minute bars over the last ten days, 173 00:43:24.050 --> 00:43:42.400 Don Yocham: but I want to know how much volume happened at each price, and therefore so we kind of turn it on its head, and you get this Um! You get this distribution of how much trading so you can see over the last ten days. We're right here, where there's a a lot less trading volume up here around forty, sixty-two, 174 00:43:42.410 --> 00:43:53.570 Don Yocham: you know, and there's a lot more volume down here below, all the way down to thirty, nine o three. Right is pretty much the range and the heaviest volume occurred. Haven't occurred right here right around four thousand. 175 00:43:53.580 --> 00:44:12.269 Don Yocham: Ah, and you know we um we've been, you know. I mark up my charts here. So we we added, We We closed the short ah back here, and then a couple days later Um went short again, added that position, and as it traded down and came back up, I pointed out a couple of areas of resistance 176 00:44:12.780 --> 00:44:28.779 Don Yocham: this morning. It pop back up through that. But you've got this tapering volume as you've got a a rally, and so what i'm looking for right now is, if it continues to fail, and there's a little bit of um ah possible resistance down here at forty. Twenty-six 177 00:44:28.790 --> 00:44:57.450 Don Yocham: Ah! But as it it'll, if it breaks through there. It'll easily trade through this three nine hundred back down to thirty, nine, eighty, seven, and I think down to thirty, nine, ah, or so like that just just on this on the next leg down, and it's probably headed lower um, And you know this is we. It's it, it it it's it's helped inform me what's going. This is the yen right, so yen futures. I use it as a proxy to find out what's going on with the end 178 00:44:57.460 --> 00:45:15.349 Don Yocham: to look on the Nika that you can look at me, guy futures to find out how the volume is being distributed. Um! And then look for signals, and the weak guy I've got Nasdaq and and also individual stocks like Here's one that we're looking at. Here is um sentinel one, 179 00:45:16.340 --> 00:45:30.959 Don Yocham: and you can see this. Ah, the way cinema one is um! We went to short, and it's been playing with these levels. But the ah! A significant tapering off the volume, and then a sharp drop off. So this right here is an ideal type of setup. 180 00:45:30.970 --> 00:45:50.290 Don Yocham: It's actually two of them right. So you've got one because it trades from twenty, seven down to twenty, five, and then from twenty five. You know we'd have to look at it a long term timeframe to see exactly how this ah Ah works below. But you know, basically ah, you know, we're looking at a move from twenty, five down to around twenty dollars level or so pretty easily on, since once 181 00:45:50.300 --> 00:45:56.789 Don Yocham: this is, you know, this is my bottom up process, just looking for opportunities to make a a fair amount of short-term debt. 182 00:45:56.800 --> 00:45:58.490 Inform my short-term trading. 183 00:46:02.800 --> 00:46:04.889 Don Yocham: We go. Sorry about that. 184 00:46:04.900 --> 00:46:30.210 Don Yocham: Oh, no. Are you still you're still uh joked up? I think I'm okay. But that But yeah, that's why I want people to see. And you you can see the list of stocks. And you know indices that Dawn is looking at there on the left side of the screen when Johnny goes down, and so the way that he looks at them. So I think you, you know you're looking for the juiciest ones. And so you know, people want to know more about that volume. Indicator. I know they always do, and 185 00:46:30.220 --> 00:46:37.909 Celeste Lindman: I want them to know. How can they get involved with you, Dawn, so they can get this kind of expertise analysis of the market really on a daily basis, 186 00:46:38.140 --> 00:46:52.990 Don Yocham: You bet that's why we started a daily pick service right? So you know, we we found that, you know, even with with um ideas we're cropping up all the time. 187 00:46:53.000 --> 00:46:55.289 Don Yocham: There's just so much opportunity in this market. 188 00:46:55.300 --> 00:47:13.950 Don Yocham: Ah! And I really wanted to find a way. You know the volume profile, you know. It, it seems. Ah, relatively straightforward. But there's a lot of nuance to it, and you know people really wanted to know. Hey, just how can I get see this in action a lot. So we started what we call the Daily Day, right so every single day. 189 00:47:13.960 --> 00:47:18.490 Don Yocham: Oh, and let me let me get to this, so I can advance it. 190 00:47:18.500 --> 00:47:19.789 Are you seen it? 191 00:47:19.800 --> 00:47:25.550 Don Yocham: Yes, it's pause. Do you see it? Because it's paused. I wonder what that means? What do you think that means? 192 00:47:25.560 --> 00:47:28.590 Don Yocham: Okay? Oh, there we go, all right, There we go 193 00:47:28.600 --> 00:47:29.529 Don Yocham: they are. 194 00:47:29.540 --> 00:47:59.490 Don Yocham: And so every single day, you know. Um, I do this thing called the daily Breed kind of. Just give you a few book sentences about what's going on in our own thoughts. Um! And then we usually talk about a pick of that. You know what I think, whether or not there's a for stock or an index too long or short, right, and this daily pick for next to nothing. You know I send you a daily stock pick. I tell you, Trigger Price, where you want to get in, what the target price is, where you want to go out and any stop loss. So you know, when the trade is off and how to 195 00:47:59.500 --> 00:48:28.449 Don Yocham: out of it, and it is really a great way to get your toe in the water and get on the right side of all these market moving forces we've talked about here today, Right? I'm not a. I can't pigeonhole myself into just stocks, us stocks, whatever. I I grew up in the bond market, and you know I have to look at the big picture, and there's lots of ways to play the big picture through. Etfs a variety of Ets and those sort of things. So it's a lot easier than it was twenty years ago, 196 00:48:28.460 --> 00:48:39.530 Don Yocham: you know, to play currencies and the play oil and a play goal which are all you know, all about trades that we have on in the service, you know. We launched that daily pick service just three weeks ago, 197 00:48:39.540 --> 00:49:09.089 Don Yocham: and we've got two winners and ten of our seventeen open trades are turn we profit uh, and that's because uh, my signals are telling you. I'm following all the signals that we short this market, and it's working. Uh We've had some really great successes already, so far. Um, we had uh uh was a dollar, I think, uh that's dollar index um long dollar was a twenty percent uh we have two gains of two hundred percent on Sds, which was not for sure. Only five hundred uh another two hundred percent gain. Right? 198 00:49:09.100 --> 00:49:38.480 Don Yocham: Those are. You know that it's. Sometimes they're choosing to play options. Sometimes they display it, and whatever underlying recommendation i'm making outright. But the games have been pretty significant, and it's a great way to kind of get their toe in with, you know. I'll give you the right direction and the levels, and then you can figure out the best way to play it right? So it's kind of helping you Put your mind in the market as well, and today i'm inviting Ast to pro viewers to join me as we make a global systemic chaos work 199 00:49:38.490 --> 00:49:55.080 Don Yocham: right? You know. That sounds big, but that contagion that spreads, you know whether it's going to be the energy clearing house in Europe just like Lehman triggered. You can't isolate yourself in a pond right? So just for nine dollars a month. 200 00:49:55.090 --> 00:50:24.709 Don Yocham: Nine bucks a month. It's. It pays for itself with one or two trades easily almost every single time. But for just nine bucks a month. Ah, you can get a so a trade idea Every single day you get a pick every single day. Ah! And all the information to get in. Get out, and you know, get to to to to ride that as far as you possibly can, so you can. You've got a link here, Prosperity pub dot com forward, slash daily. Pick a couple of numbers here on the screen. You guys can call 201 00:50:24.720 --> 00:50:38.560 Don Yocham: um. I'm sure they're dropping a link in the chat right now, but i'd love for you guys to join me. It's a no-brainer. It's a a super easy way to get, you know, on top of the the way that i'm thinking the way i'm seeing the market and ideas to play it every single day. 202 00:50:38.570 --> 00:50:42.309 Celeste Lindman: Yeah, Excellent, do you? As stocks and options, or how you do that. 203 00:50:42.320 --> 00:51:01.439 Don Yocham: Well, i'm just I I It'll be either just a stock or an etf right, so i'll tell you whether you know where to get in and stock orates you up, whether it's going up or down, and how far to write it. Ah, but certainly a lot of the users take that information, and then they they go and do an option tree, right? So you know, we're giving you the distance and direction. 204 00:51:01.450 --> 00:51:02.790 Don Yocham: Okay, 205 00:51:02.800 --> 00:51:03.850 Don Yocham: yeah. But I 206 00:51:03.860 --> 00:51:33.380 Celeste Lindman: I love it, Don. I've been listening in on that daily Pick It's fantastic, it's it's just a great I love. Give the recap of our because you do those little things that are going on that I would never put together. You know I love it. It's great. It's very valuable to me to get that big picture you were talking about, and then also the trade ideas. The trade set us. It's just the normal. It really is a no-brainer, I mean. You can cancel it anytime. It's nine dollars a month, but I mean a single tree is going to pay for it that Then you just pay for it for the month. So it is. It's just something you want to get in on. 207 00:51:33.390 --> 00:51:47.789 Don Yocham: You want to get in on Dawn's great. It's fabulous. I remember Dawn, one time you were on on. Ask the pros, and i'm like I sent it to my son. I'm like man. You've got to listen to this. This is so good, and it is it just valuable content? And I can get it every single day. So I 208 00:51:47.800 --> 00:51:53.189 Don Yocham: yeah, I appreciate that. And you know. And What I think is really important in these kind of uh the markets is uh you, 209 00:51:53.200 --> 00:52:23.049 Don Yocham: you know it's. Ah, you don't have to go. You don't have to go in big, right? You don't have to swim for the fences. You need to really worry, you know. Keep your risk, but you can't just sit on the silent flat out. You can't just not do anything. The only way to become a better trader and assuming everybody here. Actually, you know that's that's what they're looking for. They want. They want to get better at the game. They want to up their game. They want to. They want to. Ah, possibly make a living out of this, you know, or at least certainly pay for vacation or something like that, and you can't do it to stand there and watching and thinking right actually have to get into it. 210 00:52:23.060 --> 00:52:30.989 Don Yocham: I'm giving you an idea every single day, and you can try it yourself. And if those work out. There's more where that comes from. 211 00:52:31.600 --> 00:52:33.540 Celeste Lindman: Yeah, And I like how you said that, 212 00:52:37.100 --> 00:53:07.079 Don Yocham: or he's giving you this day like pick. It helps. Give you that confidence, where maybe you don't have enough confidence in what's going on in a September Crazy market, fair market, inflationary everything. Maybe you don't have enough confidence to take that pick, but when you hear dawn backing it, what he's saying about it gives you that extra little you know. Push to get in there and try that, because if you're not trading, you're definitely not making any money. So I highly recommend Don't get involved there at bus 213 00:53:07.090 --> 00:53:14.249 Celeste Lindman: essential information, and right away you'll be able to start getting all of this information from Don. So thank you. 214 00:53:14.260 --> 00:53:15.209 Don Yocham: Awesome, you guys 215 00:53:15.430 --> 00:53:16.989 Don Yocham: Excellent! Thank you. Sliced. 216 00:53:17.000 --> 00:53:24.780 Celeste Lindman: Yes. Any other great things that you think people need to know about this service, and about the month of September, and how you're going to help them navigate it. 217 00:53:24.950 --> 00:53:43.010 Don Yocham: Well, Ah! You know the you know these kind of calendar, you know, still in May, and go away, or Santa Claus rallies and stuff like that Those those kind of seasonal things. Um, you know any one year it can be very different right? So I try not to let that dictate my thinking too much. But 218 00:53:43.020 --> 00:54:05.460 Don Yocham: you know we we're not in the We haven't reached, even though this part bear market has been tough, right, and that we're not officially in a barrier market anymore, I believe, right here at these levels. Ah, but you know we have. Ah, it has been a very tough year for sure, for most investors, and but we haven't reached the point where 219 00:54:05.470 --> 00:54:35.100 Don Yocham: we ah, everybody in the market is forced to sell when they're people are selling because they have to. We're trading because they have to enough because they want to. Ah, that's the kind of liquidation that Ah spreads itself very quickly. Ah, you know whether that happens in September or October. Ah, you know I can't say Ah, but um ah, you know, and until something fundamentally changes. Ah, you know you really want to be Ah, looking at those shorts keeping shard on. Ah, ah! Keeping sharp on them, and you know my service is very good. 220 00:54:35.110 --> 00:55:04.369 Don Yocham: Oh, it sure is, I love that, and that's what It was a question here that we have. How Um! How long do you and people typically stay in these trades that you put out? How? All right, you know. I would measure them in weeks, Right? Not months. Um, We I've got price targets, and you know, for some of the uh uh stock positions that in individual stocks, you know those you know, just gonna. If you get stopped out or you just wait for it to move in the direction that where I think it's going to go um for the uh. 221 00:55:04.380 --> 00:55:25.479 Don Yocham: But when we're done we've done Some started doing a few leverage dts, you know to get those direct. Get that directional move in there? Um, you know. And those those should play out over the course of two, three weeks, Right? Yeah, those aren't, those aren't, You know things that you want to stay in for months on end. But over the course of two, three weeks. That's what we're looking for. But you know I give you guys price targets on every single one 222 00:55:25.490 --> 00:55:55.059 Celeste Lindman: that's lunch is a no-brainer, you know. You get the price targets. You get the entry levels everything. So just go. All All you need to use your brain for is just going to prosperity. Pub, com, slash daily, pick or pick up the phone. If you rather do that, you can call the Us one eight hundred, seven, four, five, seven, four, four, four, or make up the phone worldwide. One, two, one, two, five, one, six, five, two, one, five, five, five. And the thing that you need to do is make the decision to take action and get in all of that daily thing. 223 00:55:55.070 --> 00:56:09.369 Celeste Lindman: Now navigate this with with dawn throughout September, October the rest of the year. And then what's going to come in two thousand and twenty-three. We'll wait and see. The dawn is just, has a great track record. So looking forward to you. Get involved with them. 224 00:56:09.780 --> 00:56:12.089 Don Yocham: Awesome, awesome love for you guys for joining. 225 00:56:12.100 --> 00:56:39.769 Don Yocham: Yep, All right. Get signed up there, and so thank you. Everyone for joining us. Now. You know a lot of times here on Fridays. We have another little extra for yet, and that is Uncle Roger. He is coming on at one o'clock. You got just enough time to, you know. Grab a a drink. You're ready, and you're not pad, because you know, he says the fed just went full throttle on what I can't say that the brick did no ninety five whatever. It's hit the markets. It's doing it every month. 226 00:56:39.780 --> 00:56:56.720 Celeste Lindman: He is taking advantage of it. So you want to go find out how Roger is doing this, and uh, with the right heights, everything. So I think we've got a link that the Adam can drop in there for you to go there as well, and get signed up with Roger to see him right now. We have that link. 227 00:56:56.840 --> 00:57:09.829 Celeste Lindman: Yep, it's in there. It's in the chat so everybody head over there, and we'll see there. Have a great rest of the day. I have it with Roger, and we'll see all back here next week on. Ask the pros. Thanks, everyone. Bye, bye,