I think the silver wave may be in play for a couple of years and then it's going to move
on to a different metal, okay? And then anything that's utility grade is going to go to sodium
because even though it's not as efficient, it's dirt cheap, okay? And everybody knows
it's sodium, sodium acid, you know, versus lithium, sodium is a seawater. That's going
to be utility grade. And then I think you'll move on to aluminum from silver at some point too.
Good afternoon, everyone. Thanks for joining us once again this month. Exciting times all around us.
Bob Kudla joining me. Remember that. Trade with 2030.com. We wanted to talk about silver,
gold, copper, Bitcoin. Are they going to reach record highs again? How about the tariffs?
I mean, does it even matter? They're just passing the cost on us and you've seen
everybody's cost of living rise. So I mean, what are these going to happen with the
tariffs moving forward and how much more our lives are going to cost? And then what's going to
break out truly? You know, you're looking at everything kind of descending for a moment,
but what's going to pop out by the end of the year as we enter into a new four-year cycle?
Those of you who found the crypto know we're getting closer to the half again
after 2026, those last couple years. And where does it go from here? You know,
everything in life seems to be getting, even though it seems stable and static on every other
thing in the world, prices just keep going up and up. So how do you, you know, keep up with
that change and have enough funds to be able to continue to pay these higher and higher prices?
That's the question. So here to talk about it today, Bob Kudla. Thanks for joining me.
And let's get into a lot of people waiting. Your fingers are just, well,
what are the answers, Bob? Yeah, I have a totally different view. I think
we've probably seen the tops of inflation and, you know, we're probably on the cusp of a deflationary
wave. And I'll give you my reasons for it. Number one is China is already in a deflationary
collapse. They're producing way too many goods, you know, for number one, their economies to absorb
and they're desperately trying to push out as much of those goods out onto the world market
as possible, which then suppresses prices around the world. Even if it doesn't directly affect
the country, it'll affect the country because they may be exporting the same products into
those markets and it weakens those companies. So China is number one on that list. It doesn't
change. China is, they don't have a domestic market. And so they're just going to do everything
they can to push product out the door until their companies can't cover fixed costs and then
they'll shut down. Number two is everybody knows this AI wave is real. And what it's going to
affect is really the meat of the American economy. You're talking mid-level white collar jobs
are going away. Organizations are going to pancake and they're going to get wider. And we've
seen that I have customers that have, that had multiple manager direct reports underneath them
and then the people reporting to them all got pancaked up to that person. And now they
have a wider scope and they have what they call AI agents to assist in the management function.
I have another friend who has a company that he's an executive to that basically when you come
into work in the morning and if you're in sales, you know, typically, you know, you get your
call list out. You come to your desk, you sit down and those calls are just waiting for you
and they measure, you know, how long you were on the call, how many calls you were on,
whether you got the appointment, whether you got the deal, it listens to you
and makes suggestions to you as to how to improve the call next time. It provides data
upfront on the person who you're calling so that you can understand who they are.
And what that means is in the past, you may have me five or six salespeople to make, you know,
the company number that can be skinny down to three or four now. And that's going to go
across the whole entire United States. And what that's going to do is, is just going to drive
out these $100,000 a year jobs are going away. And so the follow on to that is that the
United States economy is the most vibrant in the world, but it's vibrant for two reasons.
One is that we produce excess cash to what we need to live on. And number two, we have a robust
service economy. Well, most of the services are what I would call non essential, you know,
gym memberships, getting your hair done, going on vacation, coaching for your little
leager, right? All those things, when you start losing that excess capacity to spend,
those jobs go away. And that's almost 30% of our GDP. And so you're just going to see companies,
and this is restaurants too, right, going out to eat. So you're going to see this,
you're going to see this squeeze in, you know, before whatever the next wave of efficiency
productivity produces, the new wave of entrepreneurs. So, so what I'm, what I'm telling everybody here
is that be careful. Okay. So, you know, you have silver and gold, copper, energy,
all of them have been pumping hard. And, you know, I made a statement to, to my clients last
week, I said, Hey, I seriously doubt gold and silver will make newer highs and they already
made. Okay. I'm confident that the AI boom, the tech bubble has broke. Okay. And so the only thing
really left to push higher is in the energy space, because we haven't produced enough of it.
And it's geopolitical turmoil. So what I've been inching people towards is saying, Hey,
take a look at the buy signals on energy, and make sure that you have a good
size portfolio in US Treasury bonds, because that's where it's coming. And so that's what I
think is going to happen. And you'll start seeing it. I know, you know, we, we hear and see things
about prices going up. But actually, you know, rents have been falling. Okay. And, you know,
Trump's rolling out the thing with prescription drugs. And, and you're going to see wages
falling. And I think you're just going to see a general destruction of price increases going
forward. It'll be, we'll have negative CPI prints in the next 12 months.
Wow, that's a big statement. You know, and then just to come roll back to the UBI,
you mentioned mid level types of management, white collar, like on a UBI basis, what do you
think they'd be satisfied with without working to be able to get what, 6,000 a month, 7,000
a month, but then somebody who was, say, working at a lower level entry position,
are they going to get the same 6, 7,000 a month for universal basic income? Or is there going to be a
stratified, stratified UBI based on what your previous type of management levels were?
UBI is communism. Okay, it's this package communism. You know, there's no way human nature is
going to allow me to get more than you. Okay, people will be screaming. Okay,
that why does this person get more than I get? And remember, UBI is going to be rolled out
on the young for the old, right? So everybody's going to be screaming is not going to be enough
money. People don't, UBI is such a failed policy. You can't have UBI. You know, the problem
with UBI is that the prices of the have to have goods just rise to spend it all, right? You know,
you have health, food, rent and energy, you know, the four horsemen of have to have to spend those
prices all rise with your income. Okay, if everybody has the same income, you know, they're
going to have to then say, well, you can't raise rent or you can't raise food prices. Well,
that's communism. That's what communism does. And that's where we're going to end up this whole
notion that you're going to get money, you don't have to work. It's stupid. You know, you have
to produce more goods than the money supply. You know, if you want to have people to have
higher standards of living, if not, we're just going to collapse into despondency. So
push this is the solution for all of the unemployment coming through AI. And you know,
when I hear government funded, that's not government funded, it's taxpayer funded,
because the last time I looked, they sell that or scrape taxes from us to push out these
government funded programs. It's all taxpayer funded. Please remember to sign up for our show
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civilization cycle and thank you for all the support. And you know, I would like to get your
thought on this where you talked about bonds, treasury bonds that moving over into the stable
coin issuance where tether has to, you know, every time they, they have to have something
backing when they mint out these tokens. So the I would say artificial need for treasury bonds
seems like it's going to go through the roof, especially with the finally the genius
act, stability act, all these things taking form here. So how's that going to drive the demand
for treasury bills if there's truly a stable coin issuance going on act that's solidified
that shows what is truly allowed from prediction markets all the way through stable coins,
are they going to have any interest associated with them? Can you get another coin to swap
to trade to get interest off of holding something? You know, all this will finally be
you know, written into law. So where does this get the because all I'm seeing is,
you know, they confiscated gold and 33 revalued it. I'm looking at the same thing where they're
going to possibly force people into stable coins and then drive that artificial demand
for us treasuries and then at some point in the future, write that debt down and then
again, the bag holder will be the American public. No doubt that stable coins are absorb
treasury issuances. And so the other thing too with gold is that they can reprice gold and that
becomes cash available to the treasury. So I think we'll see that at some point too. That's why
they're not going to try to cap gold as much as they can is that they can they can convert the
value of gold from when they did it last time to today. And now you're looking at probably
a there's probably a trillion dollars of repricing there that can go into the treasury. So
yeah, you're not wrong there. That's what's going to happen. Look, I don't know how much
choice we have. I mean, with everybody retiring and everybody absorbing entitlements,
it's not going to those those won't change until there's more people that aren't getting it than
are getting it. And they voted vote in means testing, you know, everything they're messing
around with, they're trying to mess around with non realized gains to that's another recipe
for communism. All it does is destroy the value of the asset because most people will have to sell
the asset to pay the tax and you start a down here spiral. Those things only help China because
then they keep those investors from overseas can just come in and buy our stuff on the cheap.
You know, so that probably won't go anywhere there. Netherlands is trying to vote it in.
I mean, it's just like suicide pack for the Netherlands. I don't I don't
I like to see somebody try it so people can see what it actually looks like. California
just whispered it and lost half their billionaires. Okay, just whispered it.
$1 trillion of assets, taxable assets have left the state of California since the
knuckleheads tried to send a trial balloon up there on it. And they tried to do a trial
balloon on mileage tax to versus gas tax. And people just screamed and that got put on the
shelf. So we're really at a detente here. You know, they want to keep raising rates,
but you're raising you're trying to raise taxes in an environment where where there's
only there's no blood left in the stone. Yeah, swinging back, you spoke about just
electric vehicles and thing I'll swing it back on that. I was looking at some silver and
they were saying 235 million physical ounce deficit this year compared to demand. And
then the last five years have been running something similar. So at what point do we
really hit this point where there's not enough physical silver to satiate the demand of all
the manufacturers that need it now for literally every product, even these cheap led lights or,
you know, cameras and all these things that are going up, not just the flock system, but
any kind of home devices, they all need a tiny bit of silver, every electronic device,
the new phones, computers, everything that we use now requires some sort of silver in it.
So where's this finally going to that magic mark going to crossover where there literally is not
enough physical out there any longer because minds are pumping it full. Who knows what the
disruptions down in Mexico now with what's going on down there. So I'm just wondering if there
is a magic number where we do roll over that and then it becomes unobtainium where they
have to really pay anything to get it back and wrestle it free from the fingers of those who
hold it. Yeah, I think we're getting to that point because when companies that are the manufacturer
of the material goes direct to the supplier and bypasses the futures market, you know,
we're close. So Samsung and I think Inex in Korea are going directly to the Mexican minds for silver.
So the next step after that is, you know, somebody like Elon Musk just goes ahead and buys a mine.
And I think that's, that's when you know the end is there when they just say, you know what,
I'm going to vertically integrate, I'm going to buy the mine, okay, that produces the metal
that I want. And I think that's when you know, that's when you know we're going to go to
peak. Interesting thing about silver is that battery technology, you know, has been moving
around and the next area is really aluminum, okay. So an aluminum is uber abundant and it's easily
to recycle. So I think the silver wave may be in play for a couple years. And then it's going to
move on to a different metal, okay. And then anything that's utility grade is going to go to
sodium, because even though it's not as efficient, it's dirt cheap, okay. And everybody knows what
the sodium, sodium acid, you know, versus lithium sodium is a seawater, okay. You know, I could take
I could take a bucket of seawater and put an anode and a cathode on either side of it and get a
current, okay. So you know, you're going to look at sodium ion batteries that are just dirt
cheap and just super stable. And I wouldn't be surprised that those are the sodium ion batteries
in the next 10 or 15 years, they'll be sitting next to your house, okay. You know, collecting,
being a capacitor for the overnight cheaper energy production. But that's going to be,
that's going to be utility grade. And I think you'll move on to aluminum
from silver at some point too. Copper is interesting to me because until the AI boom
busts, you know, they're going to have to upgrade the upgrade the grids and there's not enough copper.
And so, you know, I already have some FCX, you know, it's a copper gold company and I think it's
going to do well over time. It broke through 60 and that was a magical number to me for it to get
to 120. And now it's hovering around 65. So what do you think about the disruption? And it
doesn't matter what metal because Mexico is a massive producer of so many of the metals that we
consider critical. So with the cartels controlling nearly every zone across Mexico, where all the
mining was, I was looking at at least 15 major silver mines being completely closed off right now.
I was going to disrupt some, but how long will the disruption go and really really
send a ripple through the market enough to where people will start. I wouldn't say panic
and just like the realization moment would hit like we're too reliant on certain sources,
this is going to cause a problem here. I don't know. I mean, it's already calmed down quite a bit.
So, you know, remember, these cartels probably have interest in those mines already, so they're
not going to cut their own nose, right? I would think that would probably that would probably
calm down over over time. I think the bigger worry for the cartels is that Trump essentially
took off the number one guy, you know, narco in the world. He just put everybody
else on notice. If I get this guy, get you. You know what I mean? And so I don't believe
anything around it that was a Mexican operation. You know, they might have had, they might have,
they might have been wearing Mexican Navy SEAL uniforms, but they were speaking gringo. Okay.
And, you know, you don't take a guy out like that without, you know, probably Delta Force
sitting right in the middle of that stuff. You know, that was a big deal too, because,
you know, that guy, that guy was pretty bad news.
Yeah. So the reason I was trying to trend into this, you're talking about breakouts just
previously before we got on the interview here about, you know, what was going to be breaking
out. So that was my thing is looking at, okay, well, there's a short term event that's going
to cause a breakout possibly. I'm wondering what you think is going to break out during this
time based on, it doesn't have to be this specific Mexican event going on here for silver,
but copper is going to break out next. Silver already broke out. Silver has to prove that it
can make a new high right now. Okay. See, the longer it takes silver to make a new high,
the more likely it is silver won't make a new high. Okay. So that's just the way it goes.
Let's see, it then it gets kind of stuck. So silver's high was at like 140 or something
like that. Some crazy one, 123 as at $86. So, and it's already been almost a month. Usually when
you have a, when you, when you're going to make a new high, you should already made a new high
from that high. So to me, this looks what's what I call it a busted parabola. And so it has to
now make a new high. If not, it's going to roll over. And then what happens is you get what's
called the Eiffel Tower effect. And then, then basically silver will retrace 87% of that move
higher. So it would bring it back down probably to 55 or $60. Those are just, those are ways this
to math works, you know, in these environments. Now, I'm not saying it won't happen, but right
now my prediction is that it will fail to make a new high. And then we'll have, we'll have
a lower low from that low that it came in at $64. We'll beat that down lower. And then,
and then we'll see what happens. Usually it goes flat for a while after that. It just blows people
away because, you know, that's what everybody thinks. But that's, that's what causes these
parabolas to bust when everybody's leaning the same way in the boat.
I hit you with the question. Now, Chinese New Year, all the metals exchanges in China were
closed for almost 10 days. And, you know, over here, you think that JP Morgan and organized
alleged silver manipulators allegedly would smash the price down. So that was that did not
happen or occur actually silver increased in price as the full Chinese markets were closed,
where there could have been the most of manipulation allegedly if they could. But
I'm wondering why that didn't happen and why prices continue to rise on the very
best possible times to allegedly manipulate silver if they could and it didn't happen.
Yeah, it's called hope. I own a lot of silver. So I'm not embarrassed on silver per se.
I'm just trying to regulate people's enthusiasm. Silver has to go up another
50%, all right, to recover the losses that it took last month. 50, 50%. That's a big ask.
Is that, look, I have most of my IRAs sitting in silver and gold, a mining company. So I'm
rooting for it. It's just that you have to be a little bit myopic on this, you know,
not be myopic on this stuff and just, you know, hope it happens. You have to like, hey, it failed.
You know, I told people to run trailing stops on gold and silver and miners,
you know, when this thing was rising and a lot of people got out with only 12%
losses, okay? Then you could buy back in here and now you're catching a second wave.
So people that were, you know, were crypto bros on this thing and leveraged long,
they lost everything. You know, a lot of people lose everything in a bull market.
How do you do that? Because you don't practice good trade management. You have to be willing
to walk away from something that could possibly go higher in order to protect you for tomorrow.
And a lot of people don't do that and they should.
Wise advice, Bob. Yeah, take those gains when you can. Even if you think you could eke out a
couple, five more, 10 more percent, if you're already up enough, then just call that an even
and just thank the universe for those gains. And then if it does fall or it does increase,
then I'll just find something else that I've done enough research on that I think would hit.
Yeah. You know, what I tell people is do trailing stop. You can start with a wide
trailing, like 25%. If you truly believe in it and you don't want to get stopped out, you know,
on a stop run, you know, and then when you start, look, this thing, I'm looking at silver right
now as we're talking. So I'm not being Helen Keller being blind here. I'm looking at different
charts. So silver broke over three standard deviations of a six month channel. Okay. That
is a 95% chance it's going to go back to the trend line. That's what I told people
look at. Now you got to aggressively manage this. When it pushes up like that, don't stay that way.
The other thing is when it goes vertical, it doesn't stay. Never. Okay. The reason why it's
going vertical is because people who are shorting it or covering it, they're not new buyers.
And what people make the mistake of is that you should be scaling out into these moves
because you're going to get in at a lower price. And that's all. So that's what I'm
saying. So copper needs to make a move yet and energy still needs to make a move yet.
So there's places to play. And you know, if you want to talk about the most stable one is
probably uranium because they're still building new plants and the fuel is such an insignificant
part of the plant that people will buy it higher than they would normally like to
because for the amortization, it just doesn't matter.
What's uranium at pushing toward 100 now?
Yeah, I don't follow the price per se. I just own some uranium stocks in my iron just don't even look at
them. Yeah, I want to say one thing, you know, Bob, you have those charts with a trade genius where
it does show the deviation pattern going, whatever the trend is either either up or down, but you
can see when it breaks to the downside to if it's three standard deviations downside to
is definitely going to bounce up, but it's a good indicator where it's going to hit at the
top and then where it's going to hit maybe at price maximum and where it might flat out and
then return back to some sort of, you know, baseline there at zero again, but it's just a good indicator
to see if it's too high on the pricing level. It's way overbought or way oversold way outside
the ranges that it normally would be. And you got that whole chart pattern there that I
dive into regularly when I'm looking at to see where it sits on the actual pricing compared
to historical. Our algorithm actually displays on the trading view chart. In fact, if you were a
silver buyer on a daily, it told you to get back in at $77.39 and our target for this move is $92.31.
But yeah, we put the target out there. We put the stop loss if we're wrong. And
it's a really cool system. And you can get it, you know, just, you know, go to Dave's landing page,
you know, we have two programs running, one if you want to be in the chat room, one if you want to
be actually in a voice trading room and trade with us. And we do quite well. And because it's
all map based, I don't rely on my own judgment. There are rules to trading. And if you follow
them, you can't help but make money. And we think we have a pretty decent system that wins enough
times. But most importantly, has what's called a positive profit factor, meaning you win more
when you win versus you lose when you lose money. And that's how you build wealth over time.
Yeah, and a few strategies with that, don't use leverage. Whatever direction you're going,
don't use leverage. Just be happy with what you're doing. You don't need to. You don't
be surprised. You know, if you made one or 2% a week, I think it gets lost on people. You know,
my average gain is one and a half percent over three days. And we went two out of three trades.
So, you know, so we're operating at a 60 to 80% annualized, you know, and, and the only reason
why that, you're not 100% invested. So you have to kind of monitor that. But we double,
we have a customer that monitors all my trades versus the S&P 500. And we doubled it,
you know, where I think 104% of the S&P 500, we're higher than the tech and we're higher than the
small cap. So, so we know what we're doing is we're doing well. And that's, that's looking
back over the last 16 months of trading. When we had big moves in the indexes, we still,
we still beat it. I put them out, I did go on notifications, you know, it's up to you to take
them or not. Trade with 2030.com. You can check out more information there, see if this is something
that would, it'd be of interest for you moving forward, because you're going to have to try to
stay at pace, at least with the rising costs of everything. Now it could go deflationary,
as you said, eventually. But for now, it does seem like prices are going to continue to
trend up because I just don't see things in the supermarket getting cheaper. And then
one thing I do see is every single store needs now to any kind of purchase to ask you for your idea.
They try to scan the back of your idea to get you in on. Now this is just maybe an off topic here.
To know at least three years zip code is what your average house price is in this on-demand
pricing when you go to shop online or these new digital price tags that are in the stores
with the on-demand price structure that they're moving to, which is going through the courts
now to see if it's legal to do such a thing and charge people a little bit extra based on
rounding of the pennies currently of that extra four cents, getting you closer to round up a penny,
getting you on that price because they know you might not be able to afford it or pulling you
back way over where they can scalp four cents off every item that you're buying just based
on the zip code you're living in because they scan the back of your driver's license,
they know where your house is and how much that is comparatively to within the counties
or within the states. Now all based on algorithmic projections that's where it goes. Now what do we
do away with the nickel then they get 10 cents a wiggle room so you know things are just getting
more expensive as they try to round and you know prices keep going up so you're going to have to
keep pace with that so whatever you know legal means you can do that and this is one of the
greatest ones here so Bob I appreciate your time trade with 2030.com Bob any last comments here?
Trump's playing rope a dope with with uh with Iran hoping that then they make a mistake
and uh because he doesn't want to be in a quagmire right you know and cause uh you know oil to spike
so we're gonna see kind of how you know all that plays out.