Nothing in this program should be considered investment advice.

It is for educational purposes only.

Please hit pause and read this disclaimer in full.

This is not a mean reverting system.

This is, you know, they say that, you know, no tree grows to the sky.

In this environment, in the carry tray, trees can grow to the sky for a while.

The following is the audio version of a video released at peak prosperity.com.

Visit peakprosperity.com to watch the video and to find other insightful content, such as articles,

discussion forums, and exclusive subscriber-only content.

Hello, everyone, and welcome to this Finance You episode.

Very excited to have today's guest back, because I happen to think that in terms of the macro

theory that helps us understand what's going on, these people have probably the most

comprehensive outlook.

It's one that I really, I just think it's fantastic.

It's an unbelievable quarterly commentary that we go through once a quarter with Adam

Rosenschwegg of Gearing and Rosenzstrague. Adam, welcome back to the

program. Thanks for having me back. Happy to be here. We're all scrambling to try and figure out what's

going on. Gold, Japan, all this and that. Here's the view. Your most recent piece, the quarterly

commentary that came out, fourth quarter last year, I believe, anti-carry trade.

We'll explain what that means.

This is what it looks like.

Today, everybody, we're going to talk about this anti-carry trade. It's really, it's an important frame. You know, agree with it, disagree with it, challenge it. That's all great. But then we have to talk about gold, obviously. gold versus oil, and also oil itself a natural gas, because I think we're at a major turning point here.

...