My episode today is not about something in the sense that it's not about a reaction to some headline today.

It's not a prediction.

It's not urgent.

And that's intentional.

The subject today, medals, patience, and long-term trend following can't be understood so quickly necessarily.

I mean, if you get it, you get it. If you don't,

you're still learning. That's fine. But look, speed is the thing that ruins people these days.

I got to be fast. I got to be fast. I mean, if you're in a situation as a long-term trend follower

and you're worried too much about slippage,

maybe you're more focused on day trading.

So if this episode feels a little bit slower than what you're used to, that's good.

We can use a little slower.

Just trying to wake up every day and compete with all of the information.

That ain't the way to go.

Let me give an example of what a normal morning used to be. You sit down with a coffee, there's no rush, you got your prices written down, not out of

nostalgia, just this is what you do. You look at gold, you look at silver, you see what's going on

compared to yesterday, last month, whatever. No big alerts, no commentary. No one's telling you what it

means. I mean, this is what it used to be like, essentially before the internet. But even then,

you still have the Wall Street Journal screaming at you. You still have the nightly news.

But these days, you know, even before you finish that sip of coffee, you've been told gold's going higher,

silver's going higher, rates are changing, a politician just moved the market.

I mean, nothing has actually changed, but psychologically, everything feels urgent.

...