Biden Administration in Panic Mode as This Just Crashed 50%

Summary

The video discusses the Biden Administration's concerns over the US economy, particularly the impact of the Fed's rate decisions on economic growth. It highlights the recent ISM data, which, despite showing slight expansion in manufacturing, indicates underlying issues such as continuing job cuts and shrinking order backlogs. The video also explores the relationship between the US dollar, Fed policy, and manufacturing activity, suggesting that a strong dollar could potentially lead to rate cuts. Additionally, it features Power Metals Corp, a Canadian mining company with potential for significant stock growth, emphasizing the importance of conducting personal research before investing.

Takeaways

• 📉 The Biden Administration is reportedly in a state of panic due to a significant economic indicator's decline.
• 💹 The US economy faces potential devastation if the Federal Reserve does not cut interest rates as expected.
• 🤔 There is uncertainty regarding whether President Biden can maintain his position before the upcoming elections if the economy does not improve.
• 📈 The June Fed rate cut odds have dipped below 50% following strong ISM data, which is a setback for the Biden administration's plans.
• 🏭 US manufacturing has slightly expanded but this comes after 16 consecutive months of contraction, signaling underlying issues.
• 📊 New orders for manufacturers are critical and although there is a slight increase, employment figures suggest ongoing layoffs.
• 🔄 The backlog of orders continues to contract, which may lead to further workforce reductions in the manufacturing sector.
• 📈 Retailer inventories are high, but this does not necessarily indicate a healthy economy or demand.
• 💼 The labor market is a key factor to watch, as continued claims rising may indicate a slowdown in manufacturing activity.
• 🌐 Rising oil and raw material costs, along with increased transportation rates, are contributing to higher production costs for manufacturers.
• 💲 The strength of the US dollar could potentially influence the Federal Reserve's decision on interest rates, offering a glimmer of hope for the Biden administration.

Q & A

What is the main concern for the Biden Administration mentioned in the transcript?

The main concern for the Biden Administration mentioned is the potential negative impact on the US economy due to the Fed rate cut odds dropping below 50% after strong ISM data, which could be problematic for their plans before the November elections.

How does the transcript suggest the market reacted to the June Fed rate cut odds dipping below 50%?

The transcript suggests that the market reacted by adjusting the fed easing expectations for the year, with swap contracts pricing in fewer than 65 basis points, indicating a reduced likelihood of multiple rate cuts before the elections.

What was the significance of the ISM manufacturing PMI for March according to the transcript?

The ISM manufacturing PMI for March was significant because it exceeded all estimates in the Bloomberg survey, leading to a market reaction where bond yields increased and the possibility of a Fed rate cut was questioned.

What does the transcript imply about the current state of the US manufacturing sector?

The transcript implies that the US manufacturing sector has been through a challenging period, with contraction for 16 consecutive months, and while there is a slight expansion indicated by the PMI of 50.3, there are concerns about the sustainability of this growth due to factors such as a backlog of orders contraction and employment issues.

How does the transcript connect the state of the US labor market to the performance of the manufacturing sector?

The transcript connects the US labor market to the manufacturing sector by suggesting that continued job cuts and a potential slowdown in new orders could be a result of a lack of demand and high labor costs, which could lead to a decline in manufacturing activity.

What is the potential implication of the bond market's reaction to the Fed's rate policy?

The bond market's reaction suggests that rates may stay higher for longer, which could indicate a belief that the Fed has not fully addressed the economic challenges and that the economy may not be as resilient as suggested by some data points.

What does the transcript suggest about the role of consumer spending in the US economy?

The transcript suggests that consumer spending plays a critical role in the US economy, with total compensation trends influencing manufacturing activity. If consumers do not have the money or access to credit, they will not spend, which can lead to a decline in new orders and manufacturing activity.

How does the transcript discuss the impact of rising costs on manufacturers and consumers?

The transcript discusses that rising costs, such as oil and raw material prices, along with increased transportation rates, have led to higher producer prices. However, it also notes that manufacturers raising their prices does not guarantee that consumers will be willing or able to pay more, which could lead to a decrease in demand.

What is the significance of the yield curve inversion mentioned in the transcript?

The yield curve inversion, where short-term interest rates are higher than long-term rates, is typically seen as a warning sign of an impending economic downturn or recession. The transcript suggests that this inversion is not yet over and that the manufacturing sector could face further challenges.

What hope does the transcript offer for a potential Fed rate cut?

The transcript suggests that a rising dollar could potentially lead to a slowdown in the US economy that might prompt the Fed to cut rates. This is seen as a potential hope for the Biden Administration and a factor that could provide some relief before the elections.

How does the transcript describe the potential impact of the discussed economic factors on the stock of Power Metals Corp?

The transcript describes Power Metals Corp as being well-positioned to take advantage of the North American battery initiative with high-grade lithium and cesium projects. It suggests that the stock could experience a significant increase in value due to market expectations and past performance.

Outlines

00:00

📉 Economic Concerns and Market Reactions

The paragraph discusses the Biden Administration's panic over a significant economic downturn, with a particular focus on how a 50% crash is affecting the US economy. The host, Steve Van Meter, highlights the administration's hope for rate cuts to stimulate the economy before the elections. The market reaction to the strong ISM data, which reduced the odds of a June Fed rate cut, is also detailed. The paragraph further explores the implications of the manufacturing PMI report and the potential misinterpretation of data by the market, emphasizing the ongoing challenges in the US economy despite signs of recovery.

05:00

📈 Retail Trends and Manufacturing Activity

This paragraph delves into the retail sector's inventory trends and their impact on manufacturing activity. It notes the slowdown in retailer order demands and the potential consequences for the manufacturing sector. The discussion includes the Philadelphia Fed General Business Activity Index and its relationship with retailer inventories. The paragraph also addresses the challenges faced by the economy due to the post-pandemic money circulation and the bond market's indication of higher rates for a longer period. The impact of personal income and spending data on the Fed's decision-making process is also highlighted.

10:01

💰 Rising Costs and Its Impact on the Economy

The paragraph focuses on the increasing costs due to higher oil and raw material prices, as well as transportation rates, and their effect on the economy. It examines the relationship between the prices paid index, treasury yields, and manufacturing sector performance. The paragraph suggests that the market's belief in higher rates may not align with the actual economic situation. It also discusses the banking sector's role in the economy, particularly how banks' tightening of lending standards affects demand and manufacturing activity. The potential for an economic crash and its implications for the Biden administration are also considered.

15:03

💸 The Role of the Dollar in Economic Stability

This paragraph explores the impact of the US dollar's strength on the economy and the potential for Fed rate cuts. It discusses how a rising dollar can lead to a decrease in US manufacturing activity due to a shift in demand to other countries. The paragraph also considers the possibility of the dollar's strength prompting the Fed to cut rates to stimulate the economy. The discussion includes the relationship between the dollar and Fed fund policy and the implications for the US economy leading up to the elections.

20:05

🚀 Investment Opportunities in Power Metals Corp

The final paragraph shifts focus to an investment opportunity with Power Metals Corp, a Canadian mining company. The host discusses the company's potential for growth, highlighting its exploration and development of cesium, lithium, and tantalum. The paragraph emphasizes the strategic location of the company's projects, experienced management team, and strong financial position. It also provides information on the company's stock performance and potential for a significant increase in value, encouraging viewers to conduct their own research before investing.

Keywords

💡White House panics

The phrase 'White House panics' refers to a state of alarm or distress within the U.S. administration, particularly in response to a crisis or significant challenge. In the context of the video, it suggests that the Biden administration is facing a critical situation that could potentially impact the U.S. economy and the upcoming elections. The video implies that the administration's concerns are related to economic indicators and the Federal Reserve's policies.

💡Biden Administration

The 'Biden Administration' refers to the executive branch of the United States government under the leadership of President Joe Biden. In the video, this administration is portrayed as being deeply concerned about the economic outlook and its potential effects on their political future, especially in relation to the upcoming elections.

💡Fed rate cut

A 'Fed rate cut' refers to the Federal Reserve's decision to lower its target interest rates, which can stimulate economic growth by making borrowing cheaper for consumers and businesses. In the video, the Biden Administration is said to be hoping for rate cuts to boost the economy, but the strong ISM data may make this less likely, as it suggests the economy is doing better than expected.

💡ISM data

The 'ISM data' refers to the Institute for Supply Management's manufacturing and services indexes, which are leading economic indicators that reflect the health of these sectors. In the video, the ISM manufacturing index exceeded expectations, indicating a stronger economy and reducing the likelihood of Fed rate cuts.

💡Manufacturing PMI

The 'Manufacturing PMI' (Purchasing Managers' Index) is a business indicator that tracks changes in business activity within the manufacturing sector. A PMI reading above 50 indicates growth, while a reading below 50 indicates a contraction. In the video, the Manufacturing PMI is used to analyze the state of the U.S. manufacturing sector and its potential impact on the broader economy.

💡Economic expansion

An 'economic expansion' refers to a period of increasing economic activity, typically characterized by growth in GDP, employment, and income. In the context of the video, the U.S. manufacturing sector's slight expansion is mentioned, but it is questioned whether this signals the beginning of a new, broader economic expansion or is just a temporary improvement.

💡Retailer inventories

Retailer inventories refer to the stock of goods held by retailers for sale to customers. These inventories are a key component of the supply chain and can influence production decisions by manufacturers. In the video, the level of retailer inventories is discussed as a potential indicator of future demand and its impact on manufacturing activity.

💡Backlog of orders

A 'backlog of orders' is the accumulation of purchase orders that a company has not yet fulfilled. It is an indicator of future business activity, as it represents the work that needs to be done to satisfy existing customer demand. In the video, the continued contraction of the backlog of orders is highlighted as a concern, as it could lead to reduced workforce and decreased manufacturing activity once the backlog is cleared.

💡Labor market

The 'labor market' refers to the collection of all labor services available for work, including the people who are employed, those who are unemployed but seeking work, and those who are not actively seeking employment. In the video, the health of the labor market is discussed as a critical factor for the overall economy, with a focus on employment levels and wage growth.

💡Yield curve

The 'yield curve' is a graphical representation of the interest rates of bonds across different maturities. It is used to analyze the health of an economy, with the shape of the curve providing insights into future economic conditions. A normal yield curve slopes upward, with longer-term bonds yielding more than shorter-term ones. An inverted yield curve, where short-term rates are higher than long-term rates, is often seen as a predictor of an economic recession.

💡Power Metals Corp

Power Metals Corp is a Canadian mining company that explores and develops resources such as cesium, lithium, and tantalum. In the video, the company is presented as a potential investment opportunity due to its strategic positioning and the growing demand for these metals in the context of the battery and technology industries.

Highlights

The Biden Administration is reportedly in a state of panic due to a significant economic indicator.

A key economic metric has dropped by 50%, raising concerns about its impact on the US economy.

There is speculation that President Biden may be able to maintain his position before the elections through certain economic strategies.

The Federal Reserve's decision not to cut rates has been identified as a problem for the Biden administration's economic plans.

ISM data indicates that the US manufacturing sector has slightly expanded, but this comes after 16 consecutive months of contraction.

New orders for manufacturers are critical and have shown a slight increase, but employment figures suggest ongoing job cuts.

Retailer inventories are near record highs, which may indicate a mismatch between inventory and consumer demand.

The backlog of orders continues to contract, which could lead to further workforce reductions in the manufacturing sector.

The labor market's resilience is being questioned as continued claims rise, potentially affecting manufacturing activity.

Total compensation trends suggest that consumers may not have the funds or access to credit to drive economic growth.

The banking sector's tightening of lending standards could further suppress demand and impact the manufacturing sector.

The yield curve inversion suggests that financial conditions are tightening, which is typically bad news for banks and the economy.

There is optimism in the manufacturing sector for the second and third quarters, but there are concerns that this may not materialize.

The rise of the US dollar could potentially lead to a slowdown in the US economy and possibly trigger a Fed rate cut.

Power Metals Corp, a Canadian mining company, is highlighted as having a potential for a significant stock price increase.

Power Metals Corp has a strategic location and is exploring high-grade lithium, cesium, and tantalum projects.

The company's stock has shown potential for rapid increases, with a historical pattern of price squeezes.

Investors are advised to conduct their own research before making any investment decisions regarding Power Metals Corp.

Transcripts

the White House panics I'm your host

Steve Van Meter and thanks for joining

me today and our lead story The Biden

Administration is in full panic mode is

this just crashed by 50% we'll show you

why this is so worrisome for the Biden

Administration and how it will actually

end up devastating the US economy but is

there some hope that President Biden can

hang on to before the elections we'll

show you what that is plus we have a

sponsor Today Show we'd like to welcome

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for more information now let's H to

Bloomberg where he picked today's story

up with the had line the June Fed rate

cut odds dip below 50% after strong ISM

data and this is a huge problem for the

Biden administration because they have

been talking about how the economy needs

rate Cuts this is a big victory if they

can get to Fed to cut rates maybe two or

three times before the November

elections this would be huge for them

but based on this data today well it

takes off the table we'll show you what

the market reaction here but this is not

the news of Biden Administration wanted

the problem is it's going to end up

devastating the US economy but maybe

maybe there's a little hope we'll show

you what that is but let's continue on

as the amount of fed easing priced into

swap contracts for this year dropped to

fewer than 65 basis points lesson fed

policy makers themselves have forecast

after the ISA manufacturing for March

exceeded all estimates in the Bloomberg

survey Economist a bom Market itself

here in soon which the two to 30e yields

Rose by at least 10 basis points on the

day and actually extended that since

this article was printed among their

biggest daily increases this year as a

market said wait a minute maybe we have

this wrong maybe rates aren't high

enough maybe they need to go back up

maybe the FED nailed this soft landing

and we are at a new normal and race that

is highly unlikely but let's take a look

at that ISM report and see what the

market reacted to because here you can

see the manufacturing PMI came in at

50.3 now the way you read this is

anything over 50 denotes an expansion

over the prior month anything under 50

is a contraction over the prior month so

in this case at 50.3 what's it telling

us is a US manufacturing centor only

ever so slightly expanded over last

month but that isn't the big deal it's

because this happened after con

Contracting for 16 consecutive months

that's the issue and demand now remains

at the early stages of the recovery

which is what the mark Market believes

would clear signs of improving

conditions I'm going to show you why

that that isn't the case at all and the

Market's Mis reacting to the data here

but what matters is everyone thinks that

the US economy has now gotten through

the worst part and that the beginning of

this you know new expansion is starting

and the evidences in the manufacturing

sector when we dig into the data we'll

find out that's not the case at all but

let's take a look at the glance report

here you can see that 50.3 number but as

you drill down a little bit here's the

real excitement is in new orders at

51.4 now you may remember we talk about

how new orders is absolutely critical

that you need to see an increase in that

so 51.4 you know we get an increase over

last month would had a very slight

contraction look at this employment

though and things since where it stops

to add up because the prior month it was

45.9 now it's a 47 indicating that

manufacturers are still cutting

employees just slight

but we dig deeper and customers are

saying well they don't have enough

inventory and that really doesn't make a

lot of sense because retailer

inventories are sitting near record

highs what this may actually mean is

they have the wrong inventory that is

the problem but look at this the backlog

of orders continues to contract this is

something that of course the market

isn't really paying attention to because

at some point if you eat away through

your backlogs and you don't have enough

new orders to support your existing

Workforce well then what happens is

exactly what that report said is you

continue to trim workers and that is

dangerous let's talk about what's going

on with the retailers here if we have

retailer inventories now we don't have

the ism data we're pulling this from the

Fred databases from the St Louis fed but

we do have the Philly fed General

business activity index which is a pulse

of the manufacturing sector and this is

wonderful because the data goes back a

very long ways now when we take retailer

inventories we put that in red

put it on a year-over-year rate of

change and you'll notice it doesn't get

Negative now until it reaches underneath

that green line and right now retailer

inventories are expanding just at a

slower Pace the issue here is you notice

that as retailer inventor start to come

down on a year-over-year rate of change

well so does of course General

manufacturing activity and that's what's

key here because we see retailers their

order demands slow down at time when

manufacturing here is starting again to

give be indication that we've got some

green shoots that we've gotten to the

worst and the FED did indeed engineer

The Impossible but did they well not

quite as the ice report feeds into the

narrative coming out of last week

whereby the economy's resilience enables

a fed to be patient and that's just it

the FED did the fastest rate hiking

cycle in history and they didn't break

the economy well at least not yet

because one of the challenges as will

show you is the issue comes underneath

is that there was a ton of money and

from the pandemic still sosing around

the economy we know that that go has

gone away but not entirely but every

month it passes a little more and a

little more evaporates and yet the

economy isn't growing fast enough to for

what is to come and for the bond market

that means rates are going to stay

higher for longer that was a reaction of

course in the bond market suggesting

well the FED indeed has this right but

really they don't and here you can see

the general business activity index it's

against Federal fund rate and what it

shows us is in fact the FED should have

already been cutting rates because many

people look at the Consumer Price Index

because the FED tells them to it says

that inflation matters now the FED

really cares about lending they really

care about manufacturing they really

care about the employment sector but

this time they ignored it well and it

appears based on the data that they got

it right but remember we look at the

Philly fed data and even though the ism

was in contraction for 16 months

straight we see that this popped up and

verted so maybe this is a oneoff month

it's part of a bigger Trend we'll find

out but what's supporting the Market's

view here as a Fed got it right it

developments included a personal income

and spending data for February that

showed consumption remains rather strong

while progress toward lower inflation is

stalled out subsquently pal reiterated

that the FED wants to be more confident

inflation Trend before cutting rates

which we know will indeed happen at some

point and that strong labor market

conditions means there's no urgency that

is until of course the US Labor Market

starts to unwind and that's what's

critical in that ISM data it says hey

look we are still slightly laying off

people why is that because the backlog

of orders continue to get worked down

there's not going to be a lot of work

left for these people we need new order

growth to Surge in a huge huge way and

one of the reasons this new order book

is not going to continue going higher

has everything to do with total

compensation if consumers don't have the

money and they don't have access to

credit well they're not going to spend

here we see it's average hourly earnings

multiplied by average weekly hours of

production of nonsupervisory employees

that in red shown on a year-over-year

rate of change again to the Philly fed

General manufacturing diffusion index

and what do we see where the red line

goes manufacturing follows and it makes

perfect sense now you do get some

transitory pieces where while

manufacturing activity surges and then

it comes crashing down as of course

consumers don't have the money to spend

and you see now that the trend in total

compensation is lower but everyone's

starting to look ahead and say wait a

minute maybe the second half this year

everything comes out maybe these

political Elites were right and we need

to get ahead of this before we actually

don't have the capacity to meet demand

but look at this March employment data

which is coming this Friday is expected

to show the slowest pace of job creation

in several month though the US

unemployment rate remains at

historically low levels under 4 % the

reality is the labor Market's going to

cause some problems here as well again

we look at the current General activity

index for the Philly fed the man pulse

of the manufacturing sector there but

let's look at the labor market now

continued claims shown in red and what

happens as continued claims rise it

makes sense that manufacturing activity

Falls and this is real simple because as

people go on unemployment and

particularly St employment not only do

they have less money but they lose hope

that the econom is going to turn around

so they're spending declines that means

new orders go down and when new orders

fall eventually General manufacturing

activity Falls what the market is

suggesting here is that we plateaued

that perhaps the cycle of rising

continued claims is it it caps out

around 1.8 million I don't think that's

how it plays out I believe this number

is going to go higher because what we

need to see is it start to come down in

a big way but a common theme among both

surveys was that of soing prices is from

zero hedge as S&P Global noted that

higher oil and raw material cost plus

increased Transportation rates

reportedly added the cost Burns at the

end of the first quarter now what was

the driver behind that well we know that

West Texas intermediate crude oil prices

went up that caused gasoline prices to

go up and that means producer prices in

this case indeed go up and the impact of

rising labor cost was mentioned as a

factor of pushing up selling price at a

number of Manufacturers but just because

manufacturers raise their prices well

doesn't mean consumers are going to pay

for it at all but the market believes

well they have the money let's take a

look at this because when we talk about

yields in prices paid there's a very

strong relationship between these

diffusion indices and of course what

Market rates are on treasuries here we

knowe we have the prices paid index here

still at Philadelphia with the

manufacturing sector against 10year

treasury as shown in Red so you see

slowdowns in the manufacturing sector

match declines in treasury yields and

this makes really perfect sense when you

think about it because if demand's going

down in a debt-based economy what does

that tell you about rates it simply

means they're too high and how do you

spur of course people to go out and

borrow money and finance well certainly

not higher rates it's actually lower rat

so the interest rates then tend to fall

but notably this cycle No One Believes

that here you can see prices paid

continues to head down ISM saying well

wait a minute not exactly how that's

working but what the market believes is

that not only are rates not high enough

that they just are going to stay

elevated for some time what's going to

happen if indeed the bond market is

right here at some level that these

higher rates are really going to bite in

demand and at some point maybe in the

months to come we're going to see a huge

crash in the economic data now this

would be the worst case scenario for the

Biden administration because we know

that never have we seen a president

running for a second term get reelected

during recession that would be the the

worst thing that could happen but will

that something save this well I'll show

you what that is here in a bit because

again we talk about the probabilities

that the market is right here and then

indeed we are seeing what looks like

that soft Landing or no Landing scenario

play out as the economy emerges and we

can see this in the banking sector if we

look at the net percentage of domestic

Banks tightening commercial industrial

loans to firms of all sizes and these

are the money creators in the economy

again we're going to look at this

against the general a diffusion index

for the Philly fed again the

manufacturing sector and when banks are

on that tightening lending standards

well demand goes down we see it happen

in the manufacturing sector but what

everyone's excited about is that maybe

we're coming to the end of the cycle

unless we're actually not and there's

strong evidence that we're not there yet

and we can see that indeed in the yield

curve now this is where you take the

10year and you subtra the subtract the

two-year treasury Y and anytime it's

under that hor Al black line shows an

inversion well when you have inversions

what follows that is yields come down

now many people think well that's

wonderful that's great news for the

economy it's terrible news for the banks

because it means financial conditions

are tightening and now let's take a look

at what happens with that Philly fed

index to show us that indeed this cycle

is not over yet because when the curve

starts to steepen and rates fall what

happens manufacturing sector falls off

an absolute Cliff you see that happen

over and over suggesting that we aren't

out of the woods yet at all we need to

see of course rates normalize and that

doesn't happen until the FED brings

short-term rates down enough that the

curve gets un inverted they're not going

to do that at least there's no immediate

plans maybe as early as as the summer

based on the ism data again this is

dangerous news for the economy which

tells us that what we're seeing in this

datea this month is not an actual

representation of where the US economy

is headed and that is a problem and you

see that in this hope and kind of in the

data here these are some of the

responses expecting to see orders and

production pick up for the second

quarter again everyone's buying into the

second half narrative as suppliers are

working with us to help drive cost down

which will help improve the margin for

the rest of the year there's another one

demand remains soft but optimism is high

that orders are well just on the horizon

expectations are strong for that second

quarter and continue to experience a

softness in the industrial sector there

is an optimism that order activity will

increase in the late second quarter and

how about this business activity is up

but many manufacturers are anticipating

Better Business in the second quarter

and much better in the third quarter the

is question here is what if that doesn't

materialize and everybody is running on

hope that they're just cranking out new

orders and getting trying to fill up

shelves and the chance that the economy

turns around well that would be a huge

huge problem but there there something

that could stall at the manufacturing

sector here in the US that could indeed

give the Biden Administration some hope

for some Fed rate cuts and yes it is

it's called The Almighty dollar as Fed

rate cut push back puts the Dollar on

track for a quarterly gain now mind you

when the market believes the FED is

either going to keep rates up or perhaps

even raise rates further which even

though we see e economic activity

picking up here in the ism data Highland

likely would see the FED respond with

higher rates but that tells Market

participants because again they believe

the correlated to Fed fed fund policy

that means the dollars got to go up and

hawkish remarks from the FED Governor

Christopher Waller added the speculation

and the central bank is in well no hurry

to loosen policy and will lag others in

pivoting to rate cuts that drove traders

to pair bets that the FED will start

easing in June and help Drive the Euro

below $18 per dollar for the first time

in a month and if you take a look at the

federal funds rate against nominal

dollar well you have virtually no

relationship here even though everyone

thinks there is one but what we do know

is there are cases where a rising dollar

does indeed get the FED to cut now the

question may be why does that happen

well let's take a look at the general

activity index again coming back to the

Philly fed and what happens when the

dollar goes up other currencies that are

tied to the dollar which is well

virtually everything well they go down

and that means of course people look to

other places for manufacturing and

demand so you see periods where the

dollar is rising usually leavs to a

decline in US manufacturing activity and

so maybe the one hope that the Biden

Administration has here that could ease

some of their Panic well that would be a

rising dollar so it's enough slowdown in

the US economy where it gets the FED to

cut hopefully before the elections the

challenge I think I'd love to know what

you think is that we're headed into

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mobilizes their drill rigs to case Lake

for their winter 2024 drill program as

we look at some of the recent press

releases they've acquired new ground in

the south of Hurst a successful drilling

progresses at case Lake and here's one

of the big ones that came out last year

win some increases stake and power

medals to 19.59% through acquisition of

two strategic properties but now I want

to show you what I think is a huge

opportunity in their stock pull it up on

your charts pwrmf txx V pwm Let's Take a

look here at a 5year chart because what

I want you to see we have the supply

zones drawn in now what these what these

are is where buyers and sellers are at

so you see this lower one you notice

where there's buyers at and what happens

it usually makes very rapid moves to the

next Zone which is way above here where

the sellers are at but sometimes when

the sellers get squeez a bit the stock

can jump and we can go back and see case

where popped up here and then got got

squeezed higher pulled back got squeezed

higher again it did it in this case it

jumped here it has done it recently and

now we're standing up again because at

time of recording the stock was holding

this zone mean setting up for a 32% move

higher here you can see the daily CLE

six it's holding this Zone last time

that happened it jumped up here 32%

higher in fact it went even beyond that

which is setting up again an

unprecedented opportunity in our sponsor

Day show Power Metals again on the OTC

under civil p wrmf and on the TX XV

under symol pwm but as always with any

company we feature on our show you're

under no obligation to purchase their

stock be sure to do your own research

before placing any trades and with that

I'm Steve Van berer thanks for watching

thanks for being fans bye

now