The Peter Shift Show.

Today's podcast is sponsored by Mint Mobile

for a limited time, new customers buy any three month Mint Mobile

plan and get three more months free at midMobile.com slash gold. See Mid Mobile

for details. Well it's another day and another record high in the Dow Jones,

although again, as I said on my last podcast, this is a nominal record high only. We closed at 37,305,

but you know in real terms adjusted for inflation or priced in gold which is real money

We're not even close to an all-time record high

Also today the the NASDAQ 100, not the overall NASDAQ

composite, but the NASDAQ 100 closed at a new all-time record high, powered by big tech and the companies that are

perceived to be the main beneficiaries of AI. And also these indexes were kind of unfazed by some comments that came out of a

Fed official earlier in the morning that really rocked the gold market and the

foreign exchange market but they didn't seem to have much of an effect on the stock market.

And I'm referring to comments by John Williams,

who is the president of the New York Fed.

He's also vice chair.

So he's not an insignificant voice on the FOMC and he was interviewed by Steve Leesman on

C.

Early this morning.

In fact, I wasn't listening to the interview,

but I was watching the markets.

And Gold was up, maybe, I don't know,

...