 We are going to go over to the world of our man. Mr. Dave Mazza. Dave is the head of product and a managing director at Direction chairs and volatility Metals we have all sorts of deals out here Dave Mazza. How you doing come Joe? Well happy to be back with you I am telling you so great to have you back and I will I want to start off with the With last week and the reason I do you know I always watch that you know the as As money goes into the spx s and spx l in and out and last week There was quite a shift wasn't there Yeah, no, I think what's really fascinating to me. I've noticed this For a few a few weeks now is that you know it took a little while But we are now really seeing the action happen on the inverse funds and so those are the bear products Yes, the ratio of spx l and spx s has gotten closer to parody and by that I mean people are Using the sure go are going long to go short in really an outright right way because as spx s Provides three times the inverse exposure of the smb 500 on a daily basis, right? No doubt Now I want to change gears on you for a second because we have a lot of action happening and folks You can come over to our website at TF and then you're going to see the direction banner right there Hit the banner bring it up and you're going to see all the different ETFs they have and you know We've traded the nugget a J nug a lot and we have you know gold running right now So we want you to be aware of that because they're great vehicles But now we have a new vehicle and I want to we want to talk to Dave about it in a new vehicle And this is really cool day because we get a lot of calls and the aluminum business and the steel business in the Metal business in general and they have a new ETF folks. Okay. This has been around for a bit But a few months. I think that's all it is and well, I'm talking about that them Daily metal miners Dave. It's two times. I was kind of I was looking at the Holden's so tell us about this Yeah, so MNN that's two times bull fund on we call it the metal miners. Yes Yes, you know and folks who who are On the audience here are likely familiar with with nugget and dust to your point Those are gold miners and those are great because it's you know amplified exposure in a concentrated area But as you noted a moment ago, there's all these other sort of metals that can have kind of different idiosyncratic Returns and volatility and and that's why we thought kind of it was a gap In the lineup around not having something on that space. So this actually provides exposure more to steel and aluminum now there's a little bit of exposure To gold mining companies in here because some miners are doing copper and gold and all that But this is more of like your really industrial type metal play as opposed to The nugget and dust of the world which again are providing more pure play exposure to to gold miners And the symbol again folks so you can check it out is M as in Mary and Nancy M Mary So check it out now. Let's go on to nugget because we know And if you're not familiar with nugget folks, what nugget is a two times of the bottom line The nyse aca mine is index. So and when you're looking for something, you know that bottom line the spreads across it You get you get a lot of good exposure and I it looks to me Dave that you know the bottom line the dollar Is pulling back pretty dramatically and gold and the markets can finally breathe Yeah, no, you're absolutely right. So These are gold miners funds actually are the sweet We're for for a long time the largest funds in the direct and directions leverage an inverse lineup As as we know miners have a lot of volatility They have a high correlation Or inverse correlation I should say to the dollar two interest rates and of course even though they're stocks a relationship with the commodity itself Sure And then you know really in the last couple of years as Everyone's gravitated towards trading the semis and the tech space And other tech related names But these funds have really come back in a big way because now we got some action Happening again in in the commodity space and what I think is interesting here is there's You know for traders maybe some pent up demand, you know because we didn't see didn't see that action and you're you're absolutely right The dollar had really been just like it couldn't even it couldn't take a hit Right because it was so strong particularly relative to some you know some weaker economies And now that we may may finally see inflation peaking It's certainly not over may finally see the interest rate environment still going up But not necessarily at the pace that has been it gives a little bit of a reprieve to To to gold as a commodity and then of course the related mining stocks No, no, and listen, I really think you're on to something with that metals one too because my take Is this is almost like 2002 to 11? I think we've got a commodity run happening And you wouldn't it well, I'm sure you you'll believe it because the amount of calls that you know I had been getting prior to this because gold's in a bummer. I mean that's the bottom line But I see hidden calls that no the reason it's that it's going down is it because everyone's buying bitcoin I'm saying to myself. Oh my god because I'm not a bitcoin deal You know what I mean? But it was it was pretty ironic that when those explosions happen on the downside That's and gold takes off like a rocket ship. So it's going to be really interesting in the future To see that. Okay. Can I feel it hold it? You know, is it backed? You know what I'm saying? So It's been quite a ride. There's no doubt about that Absolutely correct. And yeah, we obviously know what's going on with bitcoin and crypto these days. So Gold might be a real haven in this environment. Right. You got to stay on Regulated exchange folks. That's the bottom line. You work hard. Feel money stay on a regulated exchange Dave, you have a great one safe one. We look forward speaking to two weeks from today Thank you. Happy trading everybody. Happy trading. That's a beautiful thing. Stay right there folks. We're coming right back