 Welcome back folks dows down 43 Nazek is off eight S&Ps down two and a half. Let's go to Mark in Colorado. Hey, Mark What's going on brother? Not too much. How you doing? Hey Mark? Great man. I'm doing great. Good. Good. Good. Hey Um, I wanted to see if you guys could look at the coffee contract for me. I've been following the ETF it's called the Joe J. Oh, yes It looks like it's doing ABC down, but I really can't there's not a ton of data on it and doesn't go that far back It looks like that's doing an ABC down to about 30 bucks But it's kind of intriguing and I've been watching it from a Fundamental standpoint because I've been reading a lot of articles on how climate changes Kind of impacting the growers and their ability to to grow a lot of the coffee that people drink Yeah, I read some articles about that recently myself. That's pretty cool. Okay So let's take a look at it. So I see this is a monster ready to be equal c to d. Holy cow So your eight point is 130 dollar 31 First I'm going to do the coffee contract folks. So we're on the the may contract So 131 70 with ballpark this okay, so it's it's a 30 cent a to b Which gets you 79 cents, right? Yeah 79 cents, you know, you you broke now. Let me see if the Joe J. Oh So now if we bring up the ETF This is the ipath coffee Sub-index total return etn Yeah, same setup. Okay. Yeah, so your eight point on this is 47 The beast 36 so 11 bucks That's it. It's a 28, right? Yeah Let me bring this back now Okay, so what I'm gonna do here. So 28 will remember that and would I'm gonna go back to what I'm gonna do folks Go back to the futures, but I'm gonna bring up the KC one the continuous contract so we can really bring this back KC one Okay, so that's it put this on weekly Oh, man, if that's the case, this is gonna be pretty intense Look at this Okay, so Well, I guess what I do Yeah, I want to short it but I'm looking at maybe when when it might be a good time to buy it Yeah, no, I this is what I would do. It's so cool about commodities Is that And you'd be able to find this out pretty easy I think I'd find out like what the production cost of this coffee is do you know what I'm saying Like was the cost to produce it because what happens is that it can go underneath that and stay under that two or three months But the reality is is that if it does that well, you know That's when you normally get a pop now. We go back to 2001. It was at 41 cents A pound so 94 is still pretty big You know, I can see I can see 64 or something Well, what number do we have? We had 80 at 80. Oh, well, 80 can get there. 80 can get there easy mark. We're at 94 That's not a big deal. Uh, in fact Yes, you were at 87 in 2005 It took off at 67 And then went up to three oh six Many Starbucks in these guys should be making a fortune, right? Yeah, sb ux I gotta see this for a second because Well, there's so many people learning the coffee business. I mean, it's like Well, it's the drug business. Yeah, it's good business. Look at that all-time highs. Okay. Yeah, that makes sense If your main product is going down, we know that Starbucks the ingredients cost of goods. Yeah Yeah, it's not even close, right? Yeah And no one's even expecting it to get down either. It's not like, you know It's not like gas prices. No one keeps track of coffee prices right wholesale coffee prices. Anyway, do you know what I mean? Hey, so do you get your skis on? Oh, yeah, I've been on we got a couple feet last last weekend Holy cow a couple feet not not not in not in the front range area We got like four to eight inches in the In the air in like the front range Denver Fort Collins White gold, right? Down to the mountains. Yep. You know, I met I met a guy last night But only moved to Denver six years ago And he's telling me that, you know, I haven't been to Denver in a long time now And he's saying to me you guys have so many cranes downtown. It's insane. Yeah, they're building like crazy. Yeah That's pretty wild. That's You know, yeah, Denver has always been a growth place folks, but uh You know years ago in fact go back to you know 2000 it was a growth place because of the Mining structures more than just real business and that sounds like uh, those high rises are real business now, right? Yeah, there's a lot a lot going on. There's a lot of energy companies, but there's also a lot of A lot of other other companies come in as well. Yeah companies just like that Yeah, the the whole union station area which used to be kind of warehouse district is now And really exploded and what was the place where that whole thing's Where course field is and all that what is that called? What's that? That's called lower downtown or lodo. Okay, union union station is right near there Right, so because that's where we actually started right a lot of that growth, right? Right that helped and then they renovated the old train station And then everything's exploded around that Wild man Yeah, I love it. Yeah. Well, thanks for your time guys. Okay, man. Thanks. Have a great one. Have a safe one