• This is my first day back in Puerto Rico
  • I spent the last several days in Vancouver, BC at the Cambridge House Resource Investment Conference
  • It was very well attended; twice the number of people
  • I think it’s a good sign that we’re starting to see some interest now
  • Remember it was exactly a year ago that we bottomed out in precious metals, we bottomed out in industrial metals and agriculture
  • And we had a huge rally in the commodity complex over the last year; it’s continuing this year
  • And I think this is just the beginning of a huge new bull market in these sectors
  • Speaking about bull markets, not only did the DJIA trade above 20,000
  • Finally, today, after flirting with it for so long, we not only got above 20,000, but we closed above 20,000
  • In fact, Donald Trump is so excited that the Dow is at 20,000
  • That he actually tweeted out a comment
  • He tweeted an AP press story which says, the DJIA trades over 20,000 for the first time, latest milestone in record-setting drive
  • To which, Donald Trump President of the United States, tweets out,” Great! Dow 20K”
  • If the Dow had crossed 20,000 during the campaign,  he would have said, “Big Fat Ugly Bubble!
  • Look out, this is a phony market, it’s propped up, it’s going to come down when interest rates go up
  • This is going to get ugly, don’t believe the Dow; he would have been criticizing the Dow
  • Now, he loves it.
  • It’s great, this is huge, it’s incredible
  • He’s taking credit for it, “I’m President, things are good!”  Right?
  • It’s a bubble
  • If it was a big, fat ugly bubble when it was Barack Obama’s bubble
  • Now that it is Donald Trump’s bubble, it is still a bubble
  • If Donald Trump thinks the stock market no longer is a bubble, was he lying when he was campaigning?
  • Was he calling it a bubble because it was politically expedient?
  • I guess a bubble is in the eye of the beholder, right?