 Well, welcome everyone. This is Jacob Schup filled in for Tom O'Brien. Give us a call at 727-927-6648. You can send me an email at jacob at tfnn.com And hook you out a little there. Some great news. Our boy Steel Dynamics up 5.76% today. New cores up as well. Some phenomenal news. Remember we're looking at that around the $90 area. And that I mean that really came back. I foresaw it going over a hundred and staying there for a little bit, but You know can't really anticipate these kind of major buys off the top here new horse up as well Let's check it out here Same kind of pretty stellar move for the steel sector today folks June 15th That's in two days for all of you. Tim Ward is having the final part of his trading webinar series This is going to be on gold and you know no better segue To get into it as gold is is down a day So having Tim's insight maybe looking at what he sees regarding bottoms Regarding how we're gonna progress from this point on, you know, that's gonna be invaluable Take a look at gold. So we had CPI obviously come out today, right? And there was a positive outlook on it with the GDX down 1.3 percent I had a buddy before I went on he sent me a Nico Eagle That is now 1.85 percent today So the XAU is also down some some bearish looks at least on the XAU for that if we take a look at CPI I can pull it through somewhere here. This is on the BLS.gov's website here so You know, this isn't gonna be the core, but if you look here on energy, you know, there is This is really what affected the CPI today. We're down point 11. Excuse me down 11.7 on energy commodities 20.4 on gasoline all types 19.7 fuel oil You know 37. I mean this is this is pretty nuts We did have an increase in food away from home and food at home So looking at companies maybe like Chipotle and everything going forward as consumers are kind of staying away from maybe higher-end Restaurants They're still gonna be eating out if that's now just be kind of become essentially like an American Part of American culture. So that will stick around and looking for those Companies that provide, you know cheaper food away from home Eggs have gone down though, which is stellar So, you know, we have a little bit of a depression regarding that The the major fear I have and of course also shelter was up as well That It takes a while I suppose for the rates to kind of affect that Hopefully we will see an actual like genuine decrease in this going forward The core CPI is still You know at a significant point, but the total CPI You know was down Basically because of energy. I do get concerned if we run into something where for whatever reason some kind of unforeseen Circumstance comes around and it knocks energy up, you know, we could be back in kind of a Realm of trouble a little bit at least on this sentiment of people in the economy So that's we're looking at we are seeing a depression gold because of that and I you know also always defer to Tom Regarding gold, but that's what I'm seeing today. So kind of an interesting little development as well I still think a lot of analysts and banks are looking at, you know There is disinflation I suppose with this but the deflation isn't particularly seen yet so we still I would say are not really out of the woods but The market as it is now is loving it anyways, of course, we're rallying pretty heavily so News here Want to take a look this this has a little bit of impact the US EPA is going to release a biofuel blending mandate Rule by June 21st folks. That's my birthday after delay court filing shows The US Environmental Protection Agency the EPA is expected to release a final rule on biofuel blending Value mandates for the years 2023 2025 by June 21st After seeking a one-week extension on a deadline for the rule according to the court document on Tuesday The EPA was sent to issue a final rule by Wednesday under a court ordered deadline But has agreed to an extension with industry trade group growth energy according to the filing Reuters reported the delay early on Tuesday setting an anonymous source The final rule is set to mark a new chapter of the renewable fuel standard program Which is more than a decade old law Congress set out specific goals for the program through 2022 The law expands the EPA's authority for 2023 and beyond to change the way the RFS is administered The summer proposal the EPA would require oil refiners And this is the important part to add 20.82 billion gallons of biofuels to their fuel by 2023 21.87 billion gallons in 2024 and 22.68 billion gallons in 2025 it's been interesting. I've been watching a lot of I think it's on business insider and a few other sources But just looking into some of the biofuels they have, you know, they're using a little bit of biofuel generated by algae I think it's interesting and kind of pushing this Through to a point where we can actually see some kind of impact however, and I think I might have touched on this a little bit yesterday, but this report came out here and It was fossil fuel company net zero plans are quote largely meaningless The number of fossil fuel companies setting net zero mission targets have risen sharply over the past year But most fail to address key concerns making them largely meaningless Some 75 of the world's largest 112 fossil fuel companies have now committed to reaching net zero That's the point at which greenhouse gas emissions are negated by deep cuts and output elsewhere and methods to absorb atmospheric carbon dioxide But that's up from just 51 a year ago Most targets then this is the key point guys most targets do not fully cover or rather They lack transparency on what's called scope three emissions and these include the use of company products The biggest source of emissions for fossil fuel companies and they don't include short-term reduction plans The report added that made them largely meaningless Pretty intense, huh? The report also found that none of the fossil fuel companies were making the needed commitments to move away from fossil fuel extraction or Production as it stands some 4,000 countries state region cities and companies globally have now committed to net zero So as last November the UN issued on what a good net zero strategy was and you know this So many times I think they call it greenwashing But companies use this in a lot of ways to get people to basically buy their products and and see them as a progressive company That was something also with how do you call it like fair trade and I you know It's these kind of progressive terms They put on the products to make people feel better about buying them and in reality. They're not hitting the point I learned about fair trade is it's it's not really a practice more than it is like an organization and While you know your coffee bean farmers and everything get more money They certainly do not get a significant portion of the product Especially what's charged when you have a label like that folks stay tuned. We have a basil Chapman with us live next