This is our first video of the year and again happy to report that we did 21.3% last year and thus far this year we are up well over 3% now so I'm very very happy with what the portfolio is doing. I have got to admit right now what is going on in the world is just incredible with the Trump victory. He has moved since January 2nd so quickly to implement his policies and the truth be told nobody really knows what his policies are. Initially he started with tariffs against Canada and Mexico and in a very short time he was able to get Canada and Mexico to acques to his demands of better border patrol cracking down on fentel etc so he's really flexing his muscles and showing that he is going to use the weight of the American government the American economy to change things. Now tariffs appear to be Trump's attack plan or weapon of choice and normally tariffs are thought of as very bad things as it creates incredible costs and incredible hardships on consumers so specifically I think what Trump is trying to do is to rebuild the US economy, move away from globalism, more to a meral approach where America he says is no longer going to be the dumping ground for consumer products but America is once again going to start manufacturing things. So, this is a massive change in what is going on now. Whether Trump persists on the tariffs or not remains to be seen so it's very hard to draw conclusions immediately, but I think he will continue to use them as leverage. The problem again with tariffs is if he brings tariffs into the US the costs for us consumers go up considerably and it's very damaging to other countries, Canada included. I have to admit I feel a bit sorry for our politicians who have been caught blindsided by this and don't really know what to do because we've never seen this before. Ultimately I think Trump is trying to as I mentioned strengthen the US economy's industrial base again and with the revenue he takes in from tariffs it's quite possible he may want to do a tax cut for US citizens which would in essence be a good thing but he's going to have a really tough time with the deficit. Now he's brought in Musk and others to try to cut cost tremendously in government programs but as we sit, the US economy and the global economy are still not in good shape. Currently both gold and silver are up sharply this year and in short what we are seeing is a global reset. Trump has effectively said that he is repatriating US gold back to the US and we’ve seen this through recently a delivery report of I think 400 to 450 tons of gold that need to be delivered from London back to the US. What we’ve seen is a problem with delivery as there’s not enough gold for the huge demand that has come through the comx where these contracts, instead of settling up in cash, are demanding the physical gold. So, this is just a continuation of what we've seen where the world in the globalist structure is no longer going to be the case in all countries and now including the US are bringing their gold home because effectively gold has always been used for international transactions. I heard a very good quote from Vince Lany (a gold trader) who I listen to his podcast daily said that for two generations the government and the media have been very good at taking gold out of the equation where a lot of people don't really understand what gold is or what its historical practices or what the historical relevance was and as we go forward I believe the US and all countries are repatriating their gold so that they can use it going forward. I think this trend is going to continue now. This is a reset much like 1934 where FDR confiscated gold and revalued it so that the US dollar dropped 40% against gold or Nixon going off the gold backing. With this massive amount of gold being repatriated to the US it is resetting the stage going forward so as this takes place I think what governments and central banks are looking to do around the world is to increase the amount of gold they have on the balance sheet, reduce their US treasury bills and treasury bonds which is a problem for the US treasury as they have to issue I believe anywhere from 7 to 9 trillion dollars of bonds this year. So what I think they're trying to do is repatriate the gold not go back to the gold standard but one thing what we have seen is Judy Shelton wrote a book recently and Trump nominated her in his first term for Secretary of the federal reserve and she did not pass the approval process. But she wrote a book where she's recommending that the US issue gold back bonds again not necessarily going back to a gold standard but using gold in the process of finance.