Hello fellow Rebel capitalists hope you're well I know a lot of you out there gold bugs I don't know if I consider myself a gold bug but I definitely like to have 10% of my portfolio

Allocated to the barbarous relic I want to give you some good news for those of you who own gold. Today it breached a very significant price in my eyes. That's $2,000. That is right. Let's check out a chart from

C NBC. Let's go ahead and do an intraday and although it's come down off of its

highs at the beginning of the morning, see right here,

I think the high point was $2,003 an ounce. So I think that is very significant and if you go I'm not really

a chartist but I do like to look at the the technicals every once in a while and I saw Ronnie Stouferle, who will get to his

tweets in a moment here. He's the gold expert, I'm not. But he was looking at the technicals and he said that this is one of those I think a cup and handle Josh you might correct me on that one but this cup and handle the very powerful technical indicator and gold is showing all signs of a classic breakout if I'm using the

technical analysis terms correctly but now that we see. But now that we see the price,

now that we see this technical formation

that most Chartists would argue is very bullish,

let's go over to his tweets and look at some more data, some more charts that I think you'll find interesting.

So if you're not following Ronnie on Twitter, make sure you do that. He's got a free report that's absolutely awesome. It's called In Gold We Trust and it's I mean I think

it's hundreds of pages it comes out I think annually or by annually and he's just got it packed with incredible

information so you want to check that out one chart that I'd like to highlight

is number one gold is almost back to its all-time high and I think you can see that cup and handle pattern right here

gold is the gold line but the miners and I think this hu is an index of specific

miners Josh just said it was the quote-unquote gold bug ETF that's

significantly down relative to the price of gold.

And as you guys know, I usually like to set up my own portfolio in something I call a 1080-10. So that's 10% allocated to the pet rock. That's insurance. 80% would be investments. I just define that as things that pay me to own them.

So like those cash flowing rental properties or dividend paying stocks.

The other 10% would go to speculative assets, things that might not pay you to own them, but where I think there's good asymmetry.

The risk reward makes a lot of sense.

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