2:02:02 Yeah, absolutely pure vapor. So here's what's really weird about Let's just talk about silver for a second because this is the market. Let's pull up silver and gold. Yeah, let's do a picture too. I mean, I'm glad you told me during the break you said no 99% by people get it that they understand the fundamentals just manufacturing alone with silver people get it. Yeah, so so if you listen to the national media, they go everybody selling everyone scared there. They're getting out of Dodge. They're locking in their profits and they're getting out because they think this is the end. That's not what we're seeing. Absolutely front lines here. This is not what we're seeing. We have people that sell every single day like because they need money not because they think that they're locking in profits and because they think this market's over. These are the same people that sell all the time because they can't make ends meet. Right. It's tough right now and they just need to sell something to live on. So that's probably
2:02:59 less than 1% of all of our transactions. 99% are people that are buying on the dip because they don't believe the fabricated stories. Like to put this into perspective, right? Let's put this into perspective. Silver ended 2025 at $71 an ounce and it went up over 65% in January alone. So on January 30th, it was $118 an ounce. Corrections are healthy. Corrections are healthy right now. A big correction like we had in two days wasn't necessarily all that healthy, but the extent of it was healthy. That was expected. I just didn't expect it to happen in two days. I expected it to happen in like three or four weeks, right? So, but it happened. Why did it happen? This is the question.
2:03:50 So when silver went from 71 to 118 in 30 days in January, these banks that have short positions, and I'm going to explain this, you know, because it's very... I mean, I want you to, but we just say what's true here. Let's be clear. When I saw this so violently correct down, that made me feel good about the future, that they had to violently come in and do something so artificial. My gut level understanding economics, finally, the last ingredients, God sent God, And I'm like, oh my god, I'm even more bullish on silver. The fact that there's such a violent downturn, a violent upturn, imagine what's next. Well, yeah, because it's not real. People realize when 99% of all of our business and Alex, we're busier than we've ever been in since me being in this industry since 2002.
2:04:39 2002 we were double as busy to two and a half times as busy as we've ever been more so than even Silicon Valley bank collapse days and that was the busiest at the injuries industry has seen in two decades. We're two and a half times that this is absolutely nuts right so what does that tell us tells us that the retail buying public. doesn't believe this fabricated downturn because markets don't come down 30% in two days. And now the public understands short selling and naked shorts. Yeah. So go back to what the banks did.
2:05:14 Yeah. So short selling is normal business practice. Right. So let's say you're a farmer and you're producing corn and you've got it sold three months down the road to Kellogg's so they can make cornflakes. Right. So what are you going to do. You're going to put an option a put option which is like the same as a short. You want to protect yourself if the price goes down. So that's normal, it's like you're forward selling it, you wanna protect yourself if the price goes down, that's the equivalent of a short. Now what's not normal business operations is these big banks issuing naked shorts. So a naked short is putting a short on something that you don't own. Remember, a regular short, they own the product, they own the corn in that scenario. They're covering themselves against a downturn in price with an option, a put option.
2:06:02 So a naked short means you're shorting something, you're expecting the price to come down and you can leverage that. If the price goes down, you're making money hand over fist. When silver went up because of Trump's tariffs, see, silver went up because of Trump's tariffs because- And Venezuela, as you predicted. Yes. And Venezuela numerous factors. Right. But the big one was Trump's tariffs. Why would come X you know that the main depository system in North America send metal to London which has running out. If they thought there's going to be a 25 percent tariff on it to get it back because we need it back. Well so they didn't do it. So now there's a massive supply crunch.
2:06:44 And so what Trump also did was he said, hey, anybody who's doing business with China, we're going to put a terrifying you too. So what did China do? They stopped exporting silver to the rest of the world. Nobody was doing trading with them. The Latin American countries weren't getting metals to China, A, because of that, B, because of the Venezuela war crisis. Right. So so now there's no supply. So the price went through the roof. This happened way too quick. Silver went up 65% in January alone. These banks, one of these big banks, Alex, could have probably gone bankrupt unless they started making, shorting the living daylights out of this thing, driving the price down. Right? That's why I said a month ago, this started going, I said,
2:07:26 Kirk, don't you imagine they're going to play some game to drive this down? Because I was like, you're like, yeah, but I mean, they did that. So I'm not going to apologize for getting people into something that's been the best for me thing ever. I just want people to understand fundamentally with manufacturing, the rest of it longterm, am I wrong where they don't have new minds takes 10 years to build a new one is needed as a rarest mineral that projecting out the fundamentals are, it only goes up. Well, that's absolutely correct. And so so to me, always look at the fundamentals of everything. Look at the supply and demand that rules the roost all the times. Don't look at this fabricated downturn that happened in two days. People thought it was the end of the world. It's like now silver went from one 18 down to 65, took it back to where it was in mid-December. That's all it did is it took away about six weeks of profits.
2:08:14 But now today, we're back up to 83 again, right? It's like, silver started the year at 71. We're at 83. And all that family call me and they go, we're not dumping it, we're gonna buy more, but are you sure? And I said, I'm only sure about Jesus Christ. But I said, yeah. And I go, just listen to Elliot, I'm not gonna repeat it to you. It's running out, it's in everything. There's a global inflation, it's not going away. It's a no brainer. Like, it's not rocket science. It's not and even after this corrective phase which was manipulated, right? So so I don't think it was manipulation in the sense of people say, oh, they're manipulating the markets. They did it to save their bacon That's why they did it right so and sure there were a lot of people to the buck silver back at 20 They wanted to cash in. I mean, I wouldn't blame about hundred and fifteen bucks or whatever I know some people were just profit-taking right but but put this all into perspective and
2:09:08 Silver is now at $83 an ounce. It started the year at 71. It's up $12 an ounce in the first seven weeks of this year. That's a really good return. We're only seven weeks into it. Now, when we have the crisis, this constitutional crisis because of the Supreme Court's decision on Trump, is he going to be able to do his foundational, you know, economic financial policy for America with tariffs to have other countries pay our tax bill rather than Americans, right? If they strike it down as unconstitutional and not real, this is going to drag out for a long time. Chaos, uncertainty, turbulence, turmoil, change causes tangible assets like gold and silver to go up, Alex. So this is why it's going up. And people have said, well, Kirk,
2:09:57 Now that the tariffs are gonna be done, isn't that gonna actually create more supply for silver because China can export it to the rest of the world? No, because this is gonna drag out forever. This is not going to be decided. Well, he said a thing we're putting out like right now, it's going up, I'm told. He said right during the first press conference, he goes, it ends with the Supreme Court and I'm not gonna follow it. He said constitutional crisis right there. Then he pivoted and said, but I'll use these other emergency powers. But he said right there, he can actually just ignore them. Yeah, so he's got numerous ways to just ignore them because there's been so much precedential law that's been on the books. He bought up licensure. He could just look at each country as they scam us and say the license costs as much.
2:10:41 Well, absolutely. So he can go to, for example, like the Section 122, the Trade Act of 1974, and across the board put a 15% cap on duties for 150 days. So he could tariff everybody at 15% for the next half a year until these things get figured out. And how could he do that? Because it's legal already. So why do you think the pathetic Supreme Court did this? They're so controlled. They're so controlled, Alex, and I don't know. I don't know why they would do it, but tell you this, Supreme Court's not a conservative, so people think that they are, right? And so you've talked about this a lot. There's some horrible decisions that they've done, and this is proof in the pudding. They don't like Trump. They don't like it that Trump is upsetting- Well, all these globalists sold us out to China, Trump exposed to the middleman, the trillions, and so this is what's happening. So shifting out of that to