 Welcome folks surprise surprise. It's Jacob Schup again filling in for Tom O'Brien. I'll be with you again tomorrow as well Of course, we are off Monday the federal holiday won't resume back Tuesday. I believe Tom should be back then I've said that in the past and I was wrong. So Just kidding. Let's take a look what we got going on today We have the ES mini we're trading down about point fifteen percent a little bit flat currently The Russell down almost a full percentage point We have the NQ's trading at sixteen thousand nine hundred fifty one that is flat Basically sideways looking at everything going on at least currently Have the Dow futures trading about point zero eight percent to the downside Gold contract trading about two thousand thirty one and ten cents silver at twenty two eighty five We're moving down in silver We just keep marching lower than two and that was on some pretty high volume as well So to take a look and see what's going on with that Of course, we're having some Counter trend bounces at least in the yields on the ten year trading. We were on the way down We're trading about four point zero zero eight percent Currently on that we'll probably see to reversal down from there look at a copper trading at three point seven eight right now Up about point thirteen percent one second Get a mute my discord. Oh on that topic. I want to say I've been talking about the Discord quite a bit on here. We've had a few people moving in. I think about ten this week, which is nice We're nearing up about Above 650 people. It's been pretty successful. Everyone's loving it so far Let's take a look here looking at Tesla right now trading at 227 77 down about 3% steel dynamics at 112 50 DXY 102 38 QQQ's at 408 86 Google 143 Microsoft. Let's take a look here quickly Briefly surpassed Apple this morning as the largest company. We're trading up about well Point five four percent today trading at 384 and 81 cents we have a lot to talk about today. We'll talk a little about lucid They've made all-time lows again some weird stuff going on in the EV market However, some pushes from the government to expand EV charging infrastructure, which is no doubt going to bring a ton of money Into basically the minerals and kind of all these more industrial Kind of stocks here. We actually do have a caller talking to cost embossed. He's looking at Newmont. How are you doing? Cost I can hear me I'm doing well. I'm doing well. What can we take a look at today? NEM Yeah, what are you taking a look at regarding Newmont here trading down right now about 1.2% trading at 37 49 Are you in Newmont currently? What do you what do you take a look at regard? You're looking to buy it? So at least in all of the miners right now, right? We're seeing kind of a minor pullback and everything looking at gold trading about 2031 on the entire contract I know at least with speaking with Tom and he's really the guy you want to talk to a lot with these kind of mining stocks So we're kind of looking to wait for a bigger pullback in gold One of the things I can recommend doing as well for a larger look and kind of all these equities in the miners take a look at my interview with Tim about last Thursday and we go over that at least The way that we're looking at it now here I was still waiting on a larger pullback from some of these miners Until we become you know major buyers in it. That's what I'm looking at at least regarding the whole industry Newmont is a whole obviously. We're kind of coming down right now. We had a lot of volume about November 8th and We were moving up. Let's see from the top of that was about 39 27 all the way down to 33 59 a Traversal backup. We are coming down right now, but this is again a pullback We've been seeing in a lot of these kind of miners right what's positive about these is that it's on low volume So we might get a retest and we did just retest about this level here, which is 37 19 And I kind of wait to see if Newmont can get some footing going forward I do think in the years in the year ahead These gold miners are gonna do pretty well. I believe Tom would share that kind of opinion of it, too But so far as we're looking at it, I can still see Newmont pulling back a little bit along with some of these miners as well Especially with this counter-trend bounce with the dollar I would say We want to wait to see that come back down maybe more to like the $99 area Until we can see gold really like take off in a major way. So that's kind of my two pence on Newmont Okay, thank you very much. Okay. Thank you for calling in Costa All right Let's take a look here. I think we got some more callers as well Let's take a look at lucid trading down about five percent today 4.8. This is The lowest it's been in quite a while. They had very poor numbers on their quarterly reports They're having issues producing the cars. They're having issues getting them all assembled and getting them out I think we're gonna see a larger hit an EV going forward, right? We've seen Hertz actually we're they're about to reduce the number of EVs that they have in their fleet by about a third Which is a large number. I think something around 20,000 I think that the production is getting a little bit too expensive as it is currently I think The past two years have been very good for new car purchases and just car purchases in general And this kind of begs the question. What is the demand going to be? For just vehicles in general going forward in the next few years and then certainly something that I would I Wouldn't call niche, but because obviously it's becoming very dominant EVs is what I'm saying, but I still think that it's not as prevalent As it's going to be going forward, right? I think we're gonna get a lull currently and this is going to kind of lag Purchase of EVs one of the positive things that I I think is going to benefit the purchasing of EV going forward I mean one first, let's say these the tax rebates you get for owning an EV vehicle and at least buying it are actually pretty good I was looking I drive a Mazda CX 30. It's a newer model and With the rebates and all the kind of deals that I would get buying an EV and this is again coming from like the government I would have paid roughly the same For a Tesla, which is positive. I didn't buy a Tesla Because I just don't know where I want to charge it. This is a major issue Well, Biden administration just dumped something like 630 million into expanding these EV charging stations Which is gonna be massive. We'll take a look about this. We're about to hit the break So I'll save pulling that up until we get there But these are some of the challenges we're seeing and I I think with higher rates as well a lot of these more expensive cars Which the EV models usually are Are probably gonna be put on the back burner at least for the next two or three years folks stay tuned We'll be right back