Rainmaking Trades For The BIG Collapse, Gold & Miners | Francis Hunt
Summary
AI Sector: The guest argues AI has become a government-prioritized, too-big-to-fail narrative with unsustainable capex into data centers and chips, foreshadowing stress and potential bailout dynamics.
NVIDIA (NVDA): Used as the bellwether for AI exuberance; recent weakness and technical patterns suggest caution, though a final surge is possible before a broader unwind.
Oracle (ORCL): Highlighted as a stress signal with CDS widening repeatedly cited; used as evidence that debt markets are flagging problems ahead of equities and a candidate in downside positioning.
Samsung (005930.KS): Cited as a key driver of Korea’s market alongside SK Hynix; broader bear case on South Korea implies significant risk to Samsung via KOSPI weakness, FDI outflows, and domestic vulnerabilities.
Precious Metals: Core long positioning advocated—gold and especially silver—as part of a four-step “rainmaker” playbook; metals seen as capital preservation and upside amid AI/debt-cycle fragility.
Silver Focus: The guest forecasts a generational breakout with targets in the $90s en route to triple digits and a sharply lower gold/silver ratio; miners to be bought aggressively on capitulation.
South Korea/Korean Won: Bearish macro trade via long USD/KRW and/or short KOSPI linked to AI contagion, high FDI sensitivity, demographic headwinds, unique housing finance quirks, and potential pension-driven forced selling.
Strategy: Raise liquidity, hold precious metals, seek alpha via shorts/puts on overvalued AI-linked names, then rotate gains into miners at “blood in the streets” to build generational wealth.
Transcript
The big collapse is upon us. My next guest has some fantastic ideas on how you can profit. He calls them rain makingaking trades. Lots of good ideas, lots going on in the markets. We are two weeks away from the next Fed decision. The S&P 500 is trading at 6,700 and uh gold and silver are on the move again. What is moving markets these days? I've invited back Francis Hunt. He's the market sniper. He's he was a keynote at our last conference in May at the Deutsche Goes at the German Gold Show. and we haven't caught up since. So, this is overdue. Where are we in the cycle? What is happening? And as I said, he brought some great and big ideas with him. Really looking forward to catching up with Francis Hunt. But before I switch over to my guest, you guys know the spiel. If you haven't done so, do it now. Hit the like and subscribe button. We much much appreciate. Thanks so much for doing that. Now, Francis, it is great to welcome you back on the program. It's good to see you again, my friend. >> Thank you for having me back. We always enjoy it. >> Absolutely. No, Frances, like we just had almost 30 minutes of of a preamble here before hitting the record button. We should have recorded all of this cuz we ran through so many topics, but lots going on in the market. Um, as I said, like in my intro, the big collapses upon us and you've got some some big ideas here that you want to share with us, which make a lot of sense because I think we can all look at it and maybe you know what, I'll I'll bring up one chart. Give me one second. I didn't plan on doing this, but let's do it because I think it'll be a good a good hook for the conversation. And it is this one. It's the Nvidia chart. This is the year to date or the Yeah, it is the year-to- date Nvidia chart. And uh if you look at the last month here and let me zoom in here. The last month, the trend is very very negative. Francis, is is this uh the harbinger of bad news and more to come. Well, I will always say that something that's been going up so violently um and with all the side narratives, which I'm sure we can delve into uh a bit, in the end is going to sell off. Uh picking the top, I would only do so with uh very clear patterns. There is, as you've mentioned, uh a a capping descending grind line, as we like to refer it, across the tops of those descending highs. Be careful. Sometimes they can create falling wedges and you can get another surge. However, overall, if I can broaden your question a little bit away from the product champion of Nvidia, I want to highlight very quickly a couple of things that have occurred that tell me they themselves, when I say they, the industry leaders in the AI space are starting to smell the distress themselves and openly commenting in a bizarre way. So here's my um scenario casting my forwardlooking model for what I feel will happen. Why it's important for gold and silver buyers and minor holders as well. We'll tie it all up. So the ver I'll go quickly because there's a lot to say in that. Um here's what I've noticed. So Sam Alman three weeks ago, two weeks ago was bleeting on uh Twitter about now known as X that uh government involvement is essential in uh the AI space. Uh that was rather peculiar and he was pulled on that and then he wrote one of his um nine page essays on X posts saying no no I wasn't really saying this or saying that. Um but that the gist and the thrust of what he was saying was implying that AI and the private industry of data centers and AI was being almost paristatalized. Uh and that was a curious thing to be doing. Then we had um David Saxs more recently in the last two days whose Trump uh said this is our big you know mission and idea AI is the future and David Sax was appointed AI ZAR and he put pushed out on X you know the investment in AI is 50% of the growth of the economy we'd go into recession and that shouldn't be allowed to happen if there was any slowdown uh in that so suddenly you now say have a guy saying that this particular industry is too big to fail in my opinion uh by insinuation without saying so explicitly. You then had the CEO of Nvidia on the recent results you referred I'm bringing this back to your question and the chart um say well um if we didn't hit our numbers the the whole world would have broken which once again is by implication is trying to make how hyperritical and essential what actually is a private industry um where crowding out of funds have been pushed into a certain space to the detriment of other industries like building better airports in America. You and I know the New York airports absolutely suck. Kennedy, all of that. None of that's happening. But hey, nothing more important than data servers and chasing the chip prices up in Nvidia to build these mega farms that are pushing up utility bills in local n neighborhoods. Once again, I see cross subsidization, the costs uh being socialized, and the gains being privatized. And I see a larger hey there's stress out there too big to failbased narrative potentially being built. This isn't banking and the issuance of money like subprime um where you can't have everybody lose their money in banking. This is a private industry. And then further to that Oracle has uh its CDS's which are credit default swaps are absolutely running. And as we always say, which is why we were the first to call the turn in the debt cycle in 2020, the debt markets know before the equity markets and the Ponzi lending that has been uh in a circle jerk uh going on involving spats and SPVS as Meta has done with Blue Owl on very very suspect deals that are designed to take the debt off the balance sheets off these social media companies and create these mini toxic bank type deals. um are very very prevalent and there's a lot of a we aren't worldcom or Enron vibes about this. Um and it's a bit like Google declaring don't be evil. The temptation is to invert everything and to see it for what it is. Uh clearly there have been WorldCom Enron uh type uh accusations especially from Michael Bur who actually is rarely wrong but is often early and has recently closed his fund but continues to assert about depreciation immortals uh how that's being treated how it's boosted earnings in a in a in a fraudulent manner against generally accepted accounting practices uh etc etc. So there is a lot of unwelcome attention into what I see as a status surveillance grid being built by the corporate fascists uh for the policing of us and the build and the bailout cost potentially being uh forward uh positioned onto the all of us. So let me just leave that there and let you come back because this is the setup for the trades and how we position. >> Yeah, it it is a big topic right there. government involvement. You you use the term circle jerk which in this economy like they're all buying from each other now and the money is being recirculated. It reminds me of that the skit from the I don't know 50s60s like here's $10 you owe me 20 here's 10 and then it sort of like all of a sudden the debt disappears you know the skit I mean >> it sort of reminds me of that that recycled $10 bill and Hardy show isn't it >> is Was it Lauren and Hardy? I wasn't 100% sure >> but it was very similar that era >> style right >> so that's what that reminds me of like maybe a fundamental question is government in inter in involvement in AI a wrong thing should government actually step in let's let's take it a step back away from markets let's make it more theoretical or theological almost um should governments intervene here >> um my personal answer is absolutely officially no um but you have to also so this gets a bit conspiratorial and resets. I won't go too far with this and you can re me back. Their intention always is absolute control and the AI surveillance biometric grid is part and parcel of that. Uh and that will be part and parcel of an agenda I believe is designed to dewalth all the citizenry but for the chosen uh management classes in a global technological bulcheism. Many will say, "Wow, that's far out. Where did you come up with that?" That's okay. you can just choose to ignore or laugh it off as you choose. So the intention I think has always been that this is core critical and the by by the way AI plus robotics you only have to refer in fact Luke Gman um deserves credit for this that they were showing horses how many horses there were and the how many horses were walk being used across New York and the in introduction of the automobile and the one car chart goes like this for horses and goes like this for cars. Uh so the population of horses went im immeasurably down. The glue factories uh did really well um at a certain point uh and horses uh the kids and the explosion in population went negative chronically. Uh and my concern and his potential point around that is humanity and then AI plus robotics. Are we the horse and is AI plus robotics? an even darker little to cheer you up on your midweek. Uh Francis is here to say there's this unfortunate. Now Elon will tell you we're all going to be so wealthy and have so much time on our hands and running around bouncing, playing, and consuming. And I imagine there were lots of horses thinking they were going to be running around uh the prairies, eating, drinking, and not having to tow carts near as much when the automobile came. Unfortunately, I don't see the world like that. uh in terms of resource allocation. If you're not contributing, you're deemed superflowous by those that are running the system. So uh that tends to lead to orchestrated deaths. Let's not get any further dark than that. So I personally at a capitalistic government system, absolutely not. This is private industry. So they should be forced into bankruptcies and everything else should happen and this whole agenda should have grown more organically at a rate that was more sustainable. Such is their impatience to upload their Messiah Genesis system. And there's lots of other biblical words that are being thrown into this mix which makes this almost a spiritual uh us against them discussion such as their desire. They've created the circle jerk and a huge inflation in chip valuation. um and um to the benefit of Nvidia particularly but to others uh and also a debt Ponzi system that has escalated and borrowing that's gone up in such a violent aggressive manner that is non or organic in rate because they've yet to truly start getting a material return on this investment. However, they keep digging deeper and faster and more aggressively. That is very untypical of standard entrepreneurship. You you you you do a bit. You you you make some hot dogs, you see they sell. You see they sell quickly, you make a few more. You see those continue to sell quickly. It's still popular. You you make a few more. You don't just, hey, let's make 1 billion hot dogs and hope they sell. Um and this is kind of where where we are. They are doubling down with certainty about its existence, which tells me that this is government agenda by decree. And we don't live in a capitalist society. We live in a bolevik planned intent of bringing out the system regardless of cost and any additional cost will be visited upon us through currency dilution and bailouts and this was always known. That is how they had the confidence especially big trillion market cap metas and oracles to actually literally bankrupt their companies and go one way bet. No one bets. Kai, you're not betting your house, your wife, your car, and your kids on a trade, are you? Or an investment plan. No matter how confident you are in gold and silver, we just aren't doing it. These guys have all done it. That show points to pre prior knowledge and clear prioritization for this system to transpire. So my expectation is we will have an IIA. Let's move on to how people deal with that. If my view turns out to be correct and you uh consider it a possibility, what is the trade and how do we who are just little normies and sheeps in this big farmer's field? How do we respond to best suit ourselves? You have to avoid the attack vectors upon your wealth. How do you do that? Well, I was mentioning to you preamble that there's been rain maker trades that have occurred in the 30s, 29 through to the 30s by Barack uh um in 99 by Paul TUDA Jones and in 2008 by Michael Bur. What generally did they tend to do? Firstly, they withdrew from a overvalued stock market and got liquid. Think Warren Buffett recently. All the signs are here. Of that liquidity, they positioned in precious metals. Most people watching this have already done A and probably done B already. Precious metals, gold and silver. Then the third leg is to make the alpha on the collapse and contagion that will happen as a result of this and you don't get away with Ponzianomics forever. um you they got short they got short the mark the overvalued markets whether it was in 1933 whether it was Paul Tuda Jones in the dotcom and whether it was um Bur on the CDS's with Goldman um that he got short and for me candidates are Palanteer with ridiculous uh valuations to revenue micro strategy that's a bit of a Bitcoin which is part AI involved um and then Oracle uh blue owl that I've mentioned the the the speck that's doing terrible deals with Facebook that happens to be doing all the borrowing and you know have one client that is meta etc etc you position for rain maker alpha in puts or shorts in that uh I am going for a long date to January 28th so it has to happen during 26th 27th um and then any alpha that you get out of that I will put into miners the fourth and final step is at the blood in the streets when everyone else is wrecked and has no liquidity. If you've done steps one, two, and three correct, and you're sitting on high alpha and everybody's miserable, you go and pick up any pullbacks on the miners, especially silver and platinum, but also gold. Uh, and then you ride the recovery that will come. That is the the Michael Bur or the Baroo or the Paul Tuda Jones 1 2 3 4 left hook, right hook, jab, and knockout punch. That will set you possibly up for generational wealth if you do it and execute it uh accurately. So, let me hand back to you on that. >> No, you you dropped some real smart wisdom or some some really good nuggets here on us. Um, one one push back and you delivered that one for me like in the preamble when we chatted is that Michael Barry didn't buy any gold though back in 2008. >> That's the one thing he didn't that's the one push back. He did such a unique play on the downside that he needed all his capital and he locked his hedge fund members from withdrawals until the full trade had played out much to their constonation. Some even tried to sue him. Many people don't realize that. Uh but had he not done that, they were so sure he was wrong. He had the trade on in 2005 and it was only really late 2007 and 8 that he was acknowledged for being. So hence why I also say he's usually right but early. Um the Ponzi can always be pushed out a little further which is why I'm reluctant to call the absolute top right now on Nvidia. It may be it may not. Uh the point is I like uh options uh with duration and you know your stop loss is your investment on that. >> Yeah. Well, Michael Bur himself said it earlier is not wrong, right? So yeah. >> Um absolutely. No, it's it's it's an interesting debate here. The question is now Frances as well. A what playlist should we be listening to? I remember Michael Bur was listening to a lot of death metal and uh extreme >> cool by the way. Yeah. So bang it out on tulle. Uh there's a a particularly harsh and heavy song if you especially if you're in workout mode called ticks and leash leeches um which uh starts off with a drum preamble that is actually shaking the walls. It's very Michael Buresque. I've had my Michael Bur moments in front of the laptop banging my head to that one. So I certainly recommend that. And also if you've got a couple of hundred out barbells that you're pumping in the shoulders there, it'll work you uh work you really strong on the playlist. >> There you go. ticking all the boxes there. Absolutely. No, fantastic. Um are are you looking for a specific trigger though? Yeah, we're of course we're all reading the news. Like what what are you looking for um that might set all this off? Uh France, you mentioned the debt started and it's debt. Uh because debt markets know before equity markets standard mantra. It's repeated because it's accurate and the CDS on Oracle is part and parcel of that and that bird's already tweeting. So whilst I'm not yet saying that that's the Nvidia high, I haven't got the perfect pattern set up, we do on Blue Owl already feel that that thing's topped uh as a it's one of these shifty little spaxs SPV type uh vibes that has done these one-sided deals with Meta. Um and you should do the deep dive on that one as well. So uh some of them certainly will have the most shady weak ones. Um, the other point I want to mention that I actually have what I consider to be, and this is a little bit left or right field, and I'll just cover this super quick for those that can pay attention and listen at 2x speed to uh a quick idea drop. We've been waiting a massive move on the USD Korean one. So, I'm currently, believe it or not, long the dollar. I'm long gold and silver, of course, against the dollar, and they're looking really good. But I am long the dollar against the yen for 172. then I think it could turn and we might have a carry trade risk or we'll have a pause at least there. But my biggest trade that is only second to silver. So we have a real T-Rex of an HVF on uh silver with uh that spans basically since 1980 it highest point to today. That is we feel is in a breakout and can be happening right now. So that's one of the biggest and best trades we've told you $333 is is is the next resting point. there will be a pause maybe at 90s just before you hit triple digits but you will then go four from there and we see single digits on gold silver racer well the other um let's just say blue whale of a HVF and we are the advocates of HVF method and the founder and originator is the USD Korean one which has as its high point and the beginning of the pattern the Asian market collapse of 1996 so it's only just a little bit younger and we have a huge loss of value in the Korean one and the Korean one is kind of like a funding currency like the yen but the difference is it's when it goes into contagion spills. So there is a little bit of a carry trade to it too. Uh but more importantly their stock market the NASDAQ is up 18% year to date mainly on a AI by the way the 80% of the SP500 is actually down on the year. Um but if you look at the Cosby, the Cosby actually has gone up um 73% year to date and since the Trump's tariff tantrum when there was a bit of a wobble, it actually has gone up 80% from the April low. Um now it's looking a bit mangy now and there is one particular they have their own Nvidia that is an AI play that has gone up 300% virtually. It's called SK South Korea Highix H Y NIX NIX and it's been the main one of the main drivers of the co the Cosby along with Samsung and it's uh a third equity um advante I think it is I I have to try to remember the name. So when the Cosby sells off badly we have shown you get contagion run on the USD Korean one. So the Cosby has quite a high foreign direct investment. So if you get an AI collapse in America, you get it also in Korea. Korea is more vulnerable to it. It has a lot of foreign direct investment and the money leaves the currency too. So Cosby aggressively down, USD KRW aggressively up uh because of debasement in the currency. The money doesn't stay in South Korea. It sells out of the stock market and goes back into dollars, Chinese one and others. So this is particularly a Korean one weakness rather than just a dollar strength trade. Um and it we're seeing a haring of the buying power of the Korean one. If you want to show the three month the quarterly chart uh that takes us back to the Asian crisis in the '9s on the USD KRW uh Kai uh people will get a sense for that setup. Um there you go. that is in a breakout for major moves. And when it moves, it moves violently and it can go bidless. Unlike the yen where there's steady liquidity and you tend to grind consistently higher, this thing completely spikes. That is breakout central. We've had our three impulses. One was the the Asian crisis. The second spike that is slightly less high was the 2008. You saw how badly the Korean one was hit. Divestment. Money goes back to core. Korea very sensitive. Don't forget it's a western nation proxy. It's not a Chinese uh nation. It's not part of the bricks. It's kind of like Japan. The vulnerable western nations that out east if that makes any sense. And then the third high came um more recently uh in and around and you we have actually run it there. That's it. You just nailed it. Uh shout out the date there if you would Kai. >> Uh that's September 1st 22. So >> 22. Yeah. Yeah. So we have now broken that and I'm expecting an absolute meltup. Now that is another rain maker trade on a currency which could also be expressed as a short on the Cosby on an AI theme that most people would never have thought of. So uh those are how we planning to build alpha in a forthcoming collapse that we think is not too far away because the debt markets have started speaking and eventually the equity markets are forced to notice. So let me hand that to you. >> Yeah. Yeah. No, this is South Korea like you're the first guest obviously to mention it. It's a really interesting topic because Samsung of course is Korea based uh as well. So it is like almost system relevant as well because it's behind besides Apple like those are the two tech giants uh that the >> Korea and Hyundai uh will have knock-on effects. So we've we've written I'm going to be releasing uh on my substack the whole article on the South Korea trade uh which is going to be particularly bearish. Are we being very specific about one nation that's going to suffer particularly badly? A couple of extra points that I'll bring to it. Kia and Hayunda will have knock-on effects because people will not be buying cars. So, they're big in automotive uh componentry uh consumer electronics through Samsung. Obviously, they've had, by the way, revelations of uh im unmovable Israeli spyware in their phones. Um, which doesn't come as a particular surprise to me personally, but many people are shocked and uh there's certain countries now saying they should be blocking Samsung devices. Um but that part also uh aside the domestic the largest pension service the Korean South Korean national pension service NPS is very heavily domestically invested and that comes from what's known as Chable C H A B O L which is the legacy Korean families that have disproportionate influence and they uh are generally encouraged the National Pension Service to buy the likes of Samsung and local industries run by certain families. So there's about 14 families that are behind many of the big mega corpse that are owners generational wealth. Think of it as a mini you know Rosschild's Rockefeller dynasty but that is South Korean centric um and they are they are owners of these and the the pension service is lent on to be explicitly invested in domestic debt uh and um equities. So if they become a fourth seller, you get contagion. You get real real contagion on that because they have an aging population. South Korea actually has a lower birth rate than Japan. It's at 0.88 per couple. So that means you're not even replacing one parent. Japan is at about 0.91, by the way. So all the demographics people typically visit on uh Japan um holds for Korea even more so. And they have one other little element, seeing as we're doubling down on the Koreans, they have a um a rental system, which is very unique and is still very popular in South Korea. Believe it or not, a tenant who typically uh signs a two-year lease, puts up the entire value of the apartment, often having to involve families to do this to the landlord. And the way the rental system, say you have a half a million dollar apartment in Seol Kai and I want to use it for two years, I literally have to get money to the tune of half a million and give it to you and you have use an access of that money and you return it to me at the end of two years. So your actual return is whatever you do with that money in that time. Uh imagine the possibilities. Now, normally in a safe environment, smart people would just put it in the debt markets, earn whatever the interest rate is on that. But what's actually started to happen, especially when you've had a runaway stock market, is that people have put it into the stock market and getting extra rent as landlord for that on the basis that well, they'll just send their position, sell their position when the tenant leaves and evacuates. Now they had in previous 2008 previous frauds of landlords who'd lost so much money through participation and speculation that they went into runaway landlords that actually forewent the property and and ran and uh frauds and scams. So you think about that as an additional peculiarity to that culture uh as an overhang and absolute mooning market this year that would have probably tempted FOMO and a lot of rush in out of landlords. And you've got a you've got a bonfire of uh the generations uh sitting there potentially that could lead to uh individual uh tenants being out of pocket and heavily indebted because they often borrow or get family and other mechanisms to uh get into rental agreements. >> I wasn't aware of that. I used to I went I did an internship in Korea decades ago. So I I wasn't aware of that. I stayed in a little tiny shoe box of an apartment. So >> it's important to say it's not the only rental system and it is being reduced. There's now a 50% uh system where you only put up 50% and then there's more normal rental agreements like what we're doing. So they have been tapering that but culturally uh 50% of the apartments in uh Seol the main um capital is still run on this system. >> Interesting. Yeah, I love that city by the way. Absolutely fantastic. I recommend everybody to travel there. Um Francis, we got about two minutes left and we have yet to talk about gold and silver. Let's uh let's talk gold real quick. Um gold is showing some resiliency here. I'm not sure if it's just consolidating or if it's actually breaking out again. Um I'll leave I'll leave that interpretation up to you. What what do you make of gold right now? >> If I may, I'll jump straight to the charts because we haven't done a proper chart share and that's the sniper. That's what we do literally. Uh and I the first chart I'm taking to you especially given the amount of time is the silver one. This is a very very powerful chart. So, I want to say something to you. You are busy watching the generational breakout. I'm the guy that said the Lionel Richie song once, twice, three times and then you get your lady. Okay. Um that was his famous romantic song. Not a fan. As I said, tool suits my needs far better than Lionel. But nonetheless, this uh many people when we were trading 54 up here were saying that's it. We we're into the rip and I said we expect one more rejection at the 50 mid50s range. you were rejected at 50 uh in 1980. You were rejected at 50 at 2011 and you're going to get at least that uh you were rejected again at 2021. Um I think it was 2021. Um and now we are wait apologies. It's now rejection now at 2024 five. So I should get the macro up because I'm tripping over my feet here. Uh you had 2011 and let me change this one. This one's actually got my broker on. We can we're heavily long with all our trades there as you can see. Uh so the monthly one, let's get three months up for quarterly d so we get it all in. These are your rejections at the 50 level 1980 and then again at 2011 and then for us you've been in a breakout since you broke that green line. Uh let me just remove some of my annotations. It's kind of a busy chart. So we said you'll probably get that one more rejection but it'll be very small. That rejection in our opinion is quite possibly happening and it was very small. It's literally this. So I've gone from that threemon down to here because of supply situation. So you are in a a winding up for us HVF setup which is a volatility squeeze. Most of the squeeze is from below like that. And that was your uh third rejection. And here comes your lady. That's the move that we suggest is now going to take you into the 90s which is our interim level target just before you might technically run the three-digit do a a technical run and reject at the hundreds somewhere in the hundreds you'll pause there for a while that's going to take a lot of people a lot of getting used to and industry and pricing think of what that does to solar panels and a lot of industries and then again you will uh search through the 333 target and I would expect a pause again there. Don't forget that's a third of the way to a thousand. Uh and we see four digits and singledigit uh gold silver ratio as an overreaction to the downside on gold silver. So the key trade right now gold good silver amazing silver absolutely amazing. So with that two minutes that's where I would take you. I don't want you guys to miss it. >> No. Fantastic. You're the second guest today that's been telling me silver is going to be absolutely a fire on fire. Absolutely. So, Francis, with that said, tremendously appreciate your time. We could chat for hours. Um, unfortunately, YouTube has been forcing us to cut the the episodes shorter. U, we'll have to do this again early in the new year. I'd love to get your outlook. What are you looking at uh in 2026? So, Francis, where can we send our audience to follow more of your work? >> Our goal to help you build wealth in reset times. Nobody has actually ever lived for these economic conditions, but think of it as managing your wealth across a depression. Uh preservation of capital is uh key. You're most of the people watching this already appreciate that. Our YouTube channel, the market sniper, is where you start. Lots of links for booking a call uh to talk to us further and become a community member. Um we aim to not only build your wealth, protect your wealth, but also secure you maximal freedoms from capital gains, extraction, lifestyle through arbitrage across multiple jurisdictions. So there's important aspect of this that is non-financial in there as well. Um but building wealth is one of the most important things you do during this period. Most of us will not be able to afford uh the the existence we have today and taking aggressive action now is how you do that. Also on X under the market sniper and the crypto sniper. Great to be with you again Kai >> as always. Can't wait to have to to see you in person again as well. Uh we we got to check calendars here in a second as well where that's going to happen again. But uh really looking forward to catching up with you soon. Francis, tremendously appreciate your time. Thank you so much. And to everybody else, thanks so much for watching. How are you playing this? Are you following the three-legged process that Francis land lined out? Which step are you in? And uh how urgent do you feel it is right now as well? Put that in the comments down below. I do want to hear from you because we take your comments into consideration. And if you haven't done so, hit that like and subscribe button. Take care out there. We'll be back with more. Be careful.
Rainmaking Trades For The BIG Collapse, Gold & Miners | Francis Hunt
Summary
Transcript
The big collapse is upon us. My next guest has some fantastic ideas on how you can profit. He calls them rain makingaking trades. Lots of good ideas, lots going on in the markets. We are two weeks away from the next Fed decision. The S&P 500 is trading at 6,700 and uh gold and silver are on the move again. What is moving markets these days? I've invited back Francis Hunt. He's the market sniper. He's he was a keynote at our last conference in May at the Deutsche Goes at the German Gold Show. and we haven't caught up since. So, this is overdue. Where are we in the cycle? What is happening? And as I said, he brought some great and big ideas with him. Really looking forward to catching up with Francis Hunt. But before I switch over to my guest, you guys know the spiel. If you haven't done so, do it now. Hit the like and subscribe button. We much much appreciate. Thanks so much for doing that. Now, Francis, it is great to welcome you back on the program. It's good to see you again, my friend. >> Thank you for having me back. We always enjoy it. >> Absolutely. No, Frances, like we just had almost 30 minutes of of a preamble here before hitting the record button. We should have recorded all of this cuz we ran through so many topics, but lots going on in the market. Um, as I said, like in my intro, the big collapses upon us and you've got some some big ideas here that you want to share with us, which make a lot of sense because I think we can all look at it and maybe you know what, I'll I'll bring up one chart. Give me one second. I didn't plan on doing this, but let's do it because I think it'll be a good a good hook for the conversation. And it is this one. It's the Nvidia chart. This is the year to date or the Yeah, it is the year-to- date Nvidia chart. And uh if you look at the last month here and let me zoom in here. The last month, the trend is very very negative. Francis, is is this uh the harbinger of bad news and more to come. Well, I will always say that something that's been going up so violently um and with all the side narratives, which I'm sure we can delve into uh a bit, in the end is going to sell off. Uh picking the top, I would only do so with uh very clear patterns. There is, as you've mentioned, uh a a capping descending grind line, as we like to refer it, across the tops of those descending highs. Be careful. Sometimes they can create falling wedges and you can get another surge. However, overall, if I can broaden your question a little bit away from the product champion of Nvidia, I want to highlight very quickly a couple of things that have occurred that tell me they themselves, when I say they, the industry leaders in the AI space are starting to smell the distress themselves and openly commenting in a bizarre way. So here's my um scenario casting my forwardlooking model for what I feel will happen. Why it's important for gold and silver buyers and minor holders as well. We'll tie it all up. So the ver I'll go quickly because there's a lot to say in that. Um here's what I've noticed. So Sam Alman three weeks ago, two weeks ago was bleeting on uh Twitter about now known as X that uh government involvement is essential in uh the AI space. Uh that was rather peculiar and he was pulled on that and then he wrote one of his um nine page essays on X posts saying no no I wasn't really saying this or saying that. Um but that the gist and the thrust of what he was saying was implying that AI and the private industry of data centers and AI was being almost paristatalized. Uh and that was a curious thing to be doing. Then we had um David Saxs more recently in the last two days whose Trump uh said this is our big you know mission and idea AI is the future and David Sax was appointed AI ZAR and he put pushed out on X you know the investment in AI is 50% of the growth of the economy we'd go into recession and that shouldn't be allowed to happen if there was any slowdown uh in that so suddenly you now say have a guy saying that this particular industry is too big to fail in my opinion uh by insinuation without saying so explicitly. You then had the CEO of Nvidia on the recent results you referred I'm bringing this back to your question and the chart um say well um if we didn't hit our numbers the the whole world would have broken which once again is by implication is trying to make how hyperritical and essential what actually is a private industry um where crowding out of funds have been pushed into a certain space to the detriment of other industries like building better airports in America. You and I know the New York airports absolutely suck. Kennedy, all of that. None of that's happening. But hey, nothing more important than data servers and chasing the chip prices up in Nvidia to build these mega farms that are pushing up utility bills in local n neighborhoods. Once again, I see cross subsidization, the costs uh being socialized, and the gains being privatized. And I see a larger hey there's stress out there too big to failbased narrative potentially being built. This isn't banking and the issuance of money like subprime um where you can't have everybody lose their money in banking. This is a private industry. And then further to that Oracle has uh its CDS's which are credit default swaps are absolutely running. And as we always say, which is why we were the first to call the turn in the debt cycle in 2020, the debt markets know before the equity markets and the Ponzi lending that has been uh in a circle jerk uh going on involving spats and SPVS as Meta has done with Blue Owl on very very suspect deals that are designed to take the debt off the balance sheets off these social media companies and create these mini toxic bank type deals. um are very very prevalent and there's a lot of a we aren't worldcom or Enron vibes about this. Um and it's a bit like Google declaring don't be evil. The temptation is to invert everything and to see it for what it is. Uh clearly there have been WorldCom Enron uh type uh accusations especially from Michael Bur who actually is rarely wrong but is often early and has recently closed his fund but continues to assert about depreciation immortals uh how that's being treated how it's boosted earnings in a in a in a fraudulent manner against generally accepted accounting practices uh etc etc. So there is a lot of unwelcome attention into what I see as a status surveillance grid being built by the corporate fascists uh for the policing of us and the build and the bailout cost potentially being uh forward uh positioned onto the all of us. So let me just leave that there and let you come back because this is the setup for the trades and how we position. >> Yeah, it it is a big topic right there. government involvement. You you use the term circle jerk which in this economy like they're all buying from each other now and the money is being recirculated. It reminds me of that the skit from the I don't know 50s60s like here's $10 you owe me 20 here's 10 and then it sort of like all of a sudden the debt disappears you know the skit I mean >> it sort of reminds me of that that recycled $10 bill and Hardy show isn't it >> is Was it Lauren and Hardy? I wasn't 100% sure >> but it was very similar that era >> style right >> so that's what that reminds me of like maybe a fundamental question is government in inter in involvement in AI a wrong thing should government actually step in let's let's take it a step back away from markets let's make it more theoretical or theological almost um should governments intervene here >> um my personal answer is absolutely officially no um but you have to also so this gets a bit conspiratorial and resets. I won't go too far with this and you can re me back. Their intention always is absolute control and the AI surveillance biometric grid is part and parcel of that. Uh and that will be part and parcel of an agenda I believe is designed to dewalth all the citizenry but for the chosen uh management classes in a global technological bulcheism. Many will say, "Wow, that's far out. Where did you come up with that?" That's okay. you can just choose to ignore or laugh it off as you choose. So the intention I think has always been that this is core critical and the by by the way AI plus robotics you only have to refer in fact Luke Gman um deserves credit for this that they were showing horses how many horses there were and the how many horses were walk being used across New York and the in introduction of the automobile and the one car chart goes like this for horses and goes like this for cars. Uh so the population of horses went im immeasurably down. The glue factories uh did really well um at a certain point uh and horses uh the kids and the explosion in population went negative chronically. Uh and my concern and his potential point around that is humanity and then AI plus robotics. Are we the horse and is AI plus robotics? an even darker little to cheer you up on your midweek. Uh Francis is here to say there's this unfortunate. Now Elon will tell you we're all going to be so wealthy and have so much time on our hands and running around bouncing, playing, and consuming. And I imagine there were lots of horses thinking they were going to be running around uh the prairies, eating, drinking, and not having to tow carts near as much when the automobile came. Unfortunately, I don't see the world like that. uh in terms of resource allocation. If you're not contributing, you're deemed superflowous by those that are running the system. So uh that tends to lead to orchestrated deaths. Let's not get any further dark than that. So I personally at a capitalistic government system, absolutely not. This is private industry. So they should be forced into bankruptcies and everything else should happen and this whole agenda should have grown more organically at a rate that was more sustainable. Such is their impatience to upload their Messiah Genesis system. And there's lots of other biblical words that are being thrown into this mix which makes this almost a spiritual uh us against them discussion such as their desire. They've created the circle jerk and a huge inflation in chip valuation. um and um to the benefit of Nvidia particularly but to others uh and also a debt Ponzi system that has escalated and borrowing that's gone up in such a violent aggressive manner that is non or organic in rate because they've yet to truly start getting a material return on this investment. However, they keep digging deeper and faster and more aggressively. That is very untypical of standard entrepreneurship. You you you you do a bit. You you you make some hot dogs, you see they sell. You see they sell quickly, you make a few more. You see those continue to sell quickly. It's still popular. You you make a few more. You don't just, hey, let's make 1 billion hot dogs and hope they sell. Um and this is kind of where where we are. They are doubling down with certainty about its existence, which tells me that this is government agenda by decree. And we don't live in a capitalist society. We live in a bolevik planned intent of bringing out the system regardless of cost and any additional cost will be visited upon us through currency dilution and bailouts and this was always known. That is how they had the confidence especially big trillion market cap metas and oracles to actually literally bankrupt their companies and go one way bet. No one bets. Kai, you're not betting your house, your wife, your car, and your kids on a trade, are you? Or an investment plan. No matter how confident you are in gold and silver, we just aren't doing it. These guys have all done it. That show points to pre prior knowledge and clear prioritization for this system to transpire. So my expectation is we will have an IIA. Let's move on to how people deal with that. If my view turns out to be correct and you uh consider it a possibility, what is the trade and how do we who are just little normies and sheeps in this big farmer's field? How do we respond to best suit ourselves? You have to avoid the attack vectors upon your wealth. How do you do that? Well, I was mentioning to you preamble that there's been rain maker trades that have occurred in the 30s, 29 through to the 30s by Barack uh um in 99 by Paul TUDA Jones and in 2008 by Michael Bur. What generally did they tend to do? Firstly, they withdrew from a overvalued stock market and got liquid. Think Warren Buffett recently. All the signs are here. Of that liquidity, they positioned in precious metals. Most people watching this have already done A and probably done B already. Precious metals, gold and silver. Then the third leg is to make the alpha on the collapse and contagion that will happen as a result of this and you don't get away with Ponzianomics forever. um you they got short they got short the mark the overvalued markets whether it was in 1933 whether it was Paul Tuda Jones in the dotcom and whether it was um Bur on the CDS's with Goldman um that he got short and for me candidates are Palanteer with ridiculous uh valuations to revenue micro strategy that's a bit of a Bitcoin which is part AI involved um and then Oracle uh blue owl that I've mentioned the the the speck that's doing terrible deals with Facebook that happens to be doing all the borrowing and you know have one client that is meta etc etc you position for rain maker alpha in puts or shorts in that uh I am going for a long date to January 28th so it has to happen during 26th 27th um and then any alpha that you get out of that I will put into miners the fourth and final step is at the blood in the streets when everyone else is wrecked and has no liquidity. If you've done steps one, two, and three correct, and you're sitting on high alpha and everybody's miserable, you go and pick up any pullbacks on the miners, especially silver and platinum, but also gold. Uh, and then you ride the recovery that will come. That is the the Michael Bur or the Baroo or the Paul Tuda Jones 1 2 3 4 left hook, right hook, jab, and knockout punch. That will set you possibly up for generational wealth if you do it and execute it uh accurately. So, let me hand back to you on that. >> No, you you dropped some real smart wisdom or some some really good nuggets here on us. Um, one one push back and you delivered that one for me like in the preamble when we chatted is that Michael Barry didn't buy any gold though back in 2008. >> That's the one thing he didn't that's the one push back. He did such a unique play on the downside that he needed all his capital and he locked his hedge fund members from withdrawals until the full trade had played out much to their constonation. Some even tried to sue him. Many people don't realize that. Uh but had he not done that, they were so sure he was wrong. He had the trade on in 2005 and it was only really late 2007 and 8 that he was acknowledged for being. So hence why I also say he's usually right but early. Um the Ponzi can always be pushed out a little further which is why I'm reluctant to call the absolute top right now on Nvidia. It may be it may not. Uh the point is I like uh options uh with duration and you know your stop loss is your investment on that. >> Yeah. Well, Michael Bur himself said it earlier is not wrong, right? So yeah. >> Um absolutely. No, it's it's it's an interesting debate here. The question is now Frances as well. A what playlist should we be listening to? I remember Michael Bur was listening to a lot of death metal and uh extreme >> cool by the way. Yeah. So bang it out on tulle. Uh there's a a particularly harsh and heavy song if you especially if you're in workout mode called ticks and leash leeches um which uh starts off with a drum preamble that is actually shaking the walls. It's very Michael Buresque. I've had my Michael Bur moments in front of the laptop banging my head to that one. So I certainly recommend that. And also if you've got a couple of hundred out barbells that you're pumping in the shoulders there, it'll work you uh work you really strong on the playlist. >> There you go. ticking all the boxes there. Absolutely. No, fantastic. Um are are you looking for a specific trigger though? Yeah, we're of course we're all reading the news. Like what what are you looking for um that might set all this off? Uh France, you mentioned the debt started and it's debt. Uh because debt markets know before equity markets standard mantra. It's repeated because it's accurate and the CDS on Oracle is part and parcel of that and that bird's already tweeting. So whilst I'm not yet saying that that's the Nvidia high, I haven't got the perfect pattern set up, we do on Blue Owl already feel that that thing's topped uh as a it's one of these shifty little spaxs SPV type uh vibes that has done these one-sided deals with Meta. Um and you should do the deep dive on that one as well. So uh some of them certainly will have the most shady weak ones. Um, the other point I want to mention that I actually have what I consider to be, and this is a little bit left or right field, and I'll just cover this super quick for those that can pay attention and listen at 2x speed to uh a quick idea drop. We've been waiting a massive move on the USD Korean one. So, I'm currently, believe it or not, long the dollar. I'm long gold and silver, of course, against the dollar, and they're looking really good. But I am long the dollar against the yen for 172. then I think it could turn and we might have a carry trade risk or we'll have a pause at least there. But my biggest trade that is only second to silver. So we have a real T-Rex of an HVF on uh silver with uh that spans basically since 1980 it highest point to today. That is we feel is in a breakout and can be happening right now. So that's one of the biggest and best trades we've told you $333 is is is the next resting point. there will be a pause maybe at 90s just before you hit triple digits but you will then go four from there and we see single digits on gold silver racer well the other um let's just say blue whale of a HVF and we are the advocates of HVF method and the founder and originator is the USD Korean one which has as its high point and the beginning of the pattern the Asian market collapse of 1996 so it's only just a little bit younger and we have a huge loss of value in the Korean one and the Korean one is kind of like a funding currency like the yen but the difference is it's when it goes into contagion spills. So there is a little bit of a carry trade to it too. Uh but more importantly their stock market the NASDAQ is up 18% year to date mainly on a AI by the way the 80% of the SP500 is actually down on the year. Um but if you look at the Cosby, the Cosby actually has gone up um 73% year to date and since the Trump's tariff tantrum when there was a bit of a wobble, it actually has gone up 80% from the April low. Um now it's looking a bit mangy now and there is one particular they have their own Nvidia that is an AI play that has gone up 300% virtually. It's called SK South Korea Highix H Y NIX NIX and it's been the main one of the main drivers of the co the Cosby along with Samsung and it's uh a third equity um advante I think it is I I have to try to remember the name. So when the Cosby sells off badly we have shown you get contagion run on the USD Korean one. So the Cosby has quite a high foreign direct investment. So if you get an AI collapse in America, you get it also in Korea. Korea is more vulnerable to it. It has a lot of foreign direct investment and the money leaves the currency too. So Cosby aggressively down, USD KRW aggressively up uh because of debasement in the currency. The money doesn't stay in South Korea. It sells out of the stock market and goes back into dollars, Chinese one and others. So this is particularly a Korean one weakness rather than just a dollar strength trade. Um and it we're seeing a haring of the buying power of the Korean one. If you want to show the three month the quarterly chart uh that takes us back to the Asian crisis in the '9s on the USD KRW uh Kai uh people will get a sense for that setup. Um there you go. that is in a breakout for major moves. And when it moves, it moves violently and it can go bidless. Unlike the yen where there's steady liquidity and you tend to grind consistently higher, this thing completely spikes. That is breakout central. We've had our three impulses. One was the the Asian crisis. The second spike that is slightly less high was the 2008. You saw how badly the Korean one was hit. Divestment. Money goes back to core. Korea very sensitive. Don't forget it's a western nation proxy. It's not a Chinese uh nation. It's not part of the bricks. It's kind of like Japan. The vulnerable western nations that out east if that makes any sense. And then the third high came um more recently uh in and around and you we have actually run it there. That's it. You just nailed it. Uh shout out the date there if you would Kai. >> Uh that's September 1st 22. So >> 22. Yeah. Yeah. So we have now broken that and I'm expecting an absolute meltup. Now that is another rain maker trade on a currency which could also be expressed as a short on the Cosby on an AI theme that most people would never have thought of. So uh those are how we planning to build alpha in a forthcoming collapse that we think is not too far away because the debt markets have started speaking and eventually the equity markets are forced to notice. So let me hand that to you. >> Yeah. Yeah. No, this is South Korea like you're the first guest obviously to mention it. It's a really interesting topic because Samsung of course is Korea based uh as well. So it is like almost system relevant as well because it's behind besides Apple like those are the two tech giants uh that the >> Korea and Hyundai uh will have knock-on effects. So we've we've written I'm going to be releasing uh on my substack the whole article on the South Korea trade uh which is going to be particularly bearish. Are we being very specific about one nation that's going to suffer particularly badly? A couple of extra points that I'll bring to it. Kia and Hayunda will have knock-on effects because people will not be buying cars. So, they're big in automotive uh componentry uh consumer electronics through Samsung. Obviously, they've had, by the way, revelations of uh im unmovable Israeli spyware in their phones. Um, which doesn't come as a particular surprise to me personally, but many people are shocked and uh there's certain countries now saying they should be blocking Samsung devices. Um but that part also uh aside the domestic the largest pension service the Korean South Korean national pension service NPS is very heavily domestically invested and that comes from what's known as Chable C H A B O L which is the legacy Korean families that have disproportionate influence and they uh are generally encouraged the National Pension Service to buy the likes of Samsung and local industries run by certain families. So there's about 14 families that are behind many of the big mega corpse that are owners generational wealth. Think of it as a mini you know Rosschild's Rockefeller dynasty but that is South Korean centric um and they are they are owners of these and the the pension service is lent on to be explicitly invested in domestic debt uh and um equities. So if they become a fourth seller, you get contagion. You get real real contagion on that because they have an aging population. South Korea actually has a lower birth rate than Japan. It's at 0.88 per couple. So that means you're not even replacing one parent. Japan is at about 0.91, by the way. So all the demographics people typically visit on uh Japan um holds for Korea even more so. And they have one other little element, seeing as we're doubling down on the Koreans, they have a um a rental system, which is very unique and is still very popular in South Korea. Believe it or not, a tenant who typically uh signs a two-year lease, puts up the entire value of the apartment, often having to involve families to do this to the landlord. And the way the rental system, say you have a half a million dollar apartment in Seol Kai and I want to use it for two years, I literally have to get money to the tune of half a million and give it to you and you have use an access of that money and you return it to me at the end of two years. So your actual return is whatever you do with that money in that time. Uh imagine the possibilities. Now, normally in a safe environment, smart people would just put it in the debt markets, earn whatever the interest rate is on that. But what's actually started to happen, especially when you've had a runaway stock market, is that people have put it into the stock market and getting extra rent as landlord for that on the basis that well, they'll just send their position, sell their position when the tenant leaves and evacuates. Now they had in previous 2008 previous frauds of landlords who'd lost so much money through participation and speculation that they went into runaway landlords that actually forewent the property and and ran and uh frauds and scams. So you think about that as an additional peculiarity to that culture uh as an overhang and absolute mooning market this year that would have probably tempted FOMO and a lot of rush in out of landlords. And you've got a you've got a bonfire of uh the generations uh sitting there potentially that could lead to uh individual uh tenants being out of pocket and heavily indebted because they often borrow or get family and other mechanisms to uh get into rental agreements. >> I wasn't aware of that. I used to I went I did an internship in Korea decades ago. So I I wasn't aware of that. I stayed in a little tiny shoe box of an apartment. So >> it's important to say it's not the only rental system and it is being reduced. There's now a 50% uh system where you only put up 50% and then there's more normal rental agreements like what we're doing. So they have been tapering that but culturally uh 50% of the apartments in uh Seol the main um capital is still run on this system. >> Interesting. Yeah, I love that city by the way. Absolutely fantastic. I recommend everybody to travel there. Um Francis, we got about two minutes left and we have yet to talk about gold and silver. Let's uh let's talk gold real quick. Um gold is showing some resiliency here. I'm not sure if it's just consolidating or if it's actually breaking out again. Um I'll leave I'll leave that interpretation up to you. What what do you make of gold right now? >> If I may, I'll jump straight to the charts because we haven't done a proper chart share and that's the sniper. That's what we do literally. Uh and I the first chart I'm taking to you especially given the amount of time is the silver one. This is a very very powerful chart. So, I want to say something to you. You are busy watching the generational breakout. I'm the guy that said the Lionel Richie song once, twice, three times and then you get your lady. Okay. Um that was his famous romantic song. Not a fan. As I said, tool suits my needs far better than Lionel. But nonetheless, this uh many people when we were trading 54 up here were saying that's it. We we're into the rip and I said we expect one more rejection at the 50 mid50s range. you were rejected at 50 uh in 1980. You were rejected at 50 at 2011 and you're going to get at least that uh you were rejected again at 2021. Um I think it was 2021. Um and now we are wait apologies. It's now rejection now at 2024 five. So I should get the macro up because I'm tripping over my feet here. Uh you had 2011 and let me change this one. This one's actually got my broker on. We can we're heavily long with all our trades there as you can see. Uh so the monthly one, let's get three months up for quarterly d so we get it all in. These are your rejections at the 50 level 1980 and then again at 2011 and then for us you've been in a breakout since you broke that green line. Uh let me just remove some of my annotations. It's kind of a busy chart. So we said you'll probably get that one more rejection but it'll be very small. That rejection in our opinion is quite possibly happening and it was very small. It's literally this. So I've gone from that threemon down to here because of supply situation. So you are in a a winding up for us HVF setup which is a volatility squeeze. Most of the squeeze is from below like that. And that was your uh third rejection. And here comes your lady. That's the move that we suggest is now going to take you into the 90s which is our interim level target just before you might technically run the three-digit do a a technical run and reject at the hundreds somewhere in the hundreds you'll pause there for a while that's going to take a lot of people a lot of getting used to and industry and pricing think of what that does to solar panels and a lot of industries and then again you will uh search through the 333 target and I would expect a pause again there. Don't forget that's a third of the way to a thousand. Uh and we see four digits and singledigit uh gold silver ratio as an overreaction to the downside on gold silver. So the key trade right now gold good silver amazing silver absolutely amazing. So with that two minutes that's where I would take you. I don't want you guys to miss it. >> No. Fantastic. You're the second guest today that's been telling me silver is going to be absolutely a fire on fire. Absolutely. So, Francis, with that said, tremendously appreciate your time. We could chat for hours. Um, unfortunately, YouTube has been forcing us to cut the the episodes shorter. U, we'll have to do this again early in the new year. I'd love to get your outlook. What are you looking at uh in 2026? So, Francis, where can we send our audience to follow more of your work? >> Our goal to help you build wealth in reset times. Nobody has actually ever lived for these economic conditions, but think of it as managing your wealth across a depression. Uh preservation of capital is uh key. You're most of the people watching this already appreciate that. Our YouTube channel, the market sniper, is where you start. Lots of links for booking a call uh to talk to us further and become a community member. Um we aim to not only build your wealth, protect your wealth, but also secure you maximal freedoms from capital gains, extraction, lifestyle through arbitrage across multiple jurisdictions. So there's important aspect of this that is non-financial in there as well. Um but building wealth is one of the most important things you do during this period. Most of us will not be able to afford uh the the existence we have today and taking aggressive action now is how you do that. Also on X under the market sniper and the crypto sniper. Great to be with you again Kai >> as always. Can't wait to have to to see you in person again as well. Uh we we got to check calendars here in a second as well where that's going to happen again. But uh really looking forward to catching up with you soon. Francis, tremendously appreciate your time. Thank you so much. And to everybody else, thanks so much for watching. How are you playing this? Are you following the three-legged process that Francis land lined out? Which step are you in? And uh how urgent do you feel it is right now as well? Put that in the comments down below. I do want to hear from you because we take your comments into consideration. And if you haven't done so, hit that like and subscribe button. Take care out there. We'll be back with more. Be careful.