Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
To say there's a couple of different conflicts going on
in the world. I think an understatement right now, as
Iran is still working on their nuclear program, We've got
negotiations going on. Do we ever make progress in this
direction with these people? Can we trust them at all?
Joining us now? Row O'Neil with an update on what's
happening here. Good morning, right, welcome in.
Speaker 2 (00:18):
Hey they're JT Happy Monday.
Speaker 1 (00:20):
Happy Monday to you. So are you making progress here
at all?
Speaker 2 (00:24):
Well a little bit. You know, both sides tend to
end these meetings and they sound a little bit more upbeat,
But boy, when you look at the differences between the two,
it's hard to imagine they could ever reach common ground.
But the US and Iran held their third round of
indirect talks, mediated by the Gulf state of Oman. They're
trying to seal a deal that would block Tehran from
(00:46):
acquiring a nuclear weapon, but also at the same time
lift those economic sanctions that have been so crippling. So
it's a difficult walk to walk, especially when you have
Israel and Prime Minister Yaho's saying absolutely no way can
Iran ever be allowed to have a nuclear program, even
a ballistic missile.
Speaker 1 (01:06):
Well, Iran's not just going to roll over and say yeah,
I f I know, we're going to stomp all that.
I mean, they are the head of the terroristic snake
that exists around the globe. So have they made any
concessions whatsoever that they're going to back off in that direction.
Speaker 2 (01:19):
Well, not on the terrorism, not on the on the
fact of funding terrorism, like the Huti rebels have been
a real pain of the US side these past few weeks.
But yeah, no, we're not really getting that indication from
them at all. And you know they're trying their Iran
is insisting that all of their nuclear aspirations only relate
to nuclear energy, not to nuclear weapons. So that's been
(01:42):
a big fumbling point whether or not anyone believes that.
You know, there's been some talk about all right, we'll
give you the uranium you can use for your reactors,
but that's the same kind of uranium can't be used
for weapons. So that's been one idea floated out there.
But again, both sides seem really far apart.
Speaker 1 (02:00):
Yeah, once again, I mean, if they agree to something
like that and they say, okay, we'll just use it
for that, and I mean who's going to police this, right,
I mean, is there any enforcement?
Speaker 2 (02:10):
Well, I yeah, that's also part of it. And it's difficult. Well,
I mean because a lot of these nuclear enrichment facilities
were previously disclosed and had been part of that original
Iran nuclear weapons deal the President Trump got out of
saying this was a raw deal that gave too much
to Iran. So that's why we're renegotiating it at this point,
(02:30):
trying to get a better, harsher, lifelong deal in perpetuity,
not just something in the last ten years that was
something else that President Trump was very critical of.
Speaker 1 (02:39):
Yeah, all right, Well it's just so weird to me. Okay,
we'll talk about the United States and try and work
with you on this nuclear thing. Maybe you got a point,
maybe we'll back off a little bit. But I'll tell you,
what we're not going to stop doing is attacking you
through these terrorist you know, proxies. So just forget that
off the table. Okay, we'll take it. I mean, it's
so bizarre to me, the whole conversation. All right, let's
move on and talk about what's going on with the
stock Marrier. As we know, it's been kind up and
(03:00):
down and losing and winning more losing than winning lately.
But it seems gold is doing pretty good right now.
Speaker 2 (03:06):
Yeah, it's true. I don't want to sound what that
guy is selling you gold on TV. So that's what's happening,
you know, William Devane great out here, But yeah, I
don't want I'm not a shill. But yet, no, gold
prices are up more than sixty percent in the past
year or so. I think in February of last year
it was around two thousand dollars. Last week at topped
(03:27):
three thousand, five hundred dollars per ounce of pure gold,
So a pretty remarkable run. It has come off those
highs by a couple hundred bucks. But a lot of
people expressing more interesting gold because they see it as
the currency of stability. That if you think that, gee,
maybe we're going to get more inflation with tariffs, or
maybe there's a recession, or you know, we've seen a
(03:48):
dow and go up and down, let's just put it
in gold. It'll be stable. That's that may be why
what's feeding this surge and gold prices. And as a
lot of people go up through their jewelry chests saying
oh no, I never really liked that thing anyway, or
those with Grandma's earrings. Maybe we can, you know, go
down to the pawn chop.
Speaker 1 (04:07):
Exactly exactly, Well, a little bit of metal in your
portfolio is never a bad idea. I'm still not you know,
in any cryptocurrency yet, and most people I talk to says, yeah,
I wouldn't try that either, unless you just got money
you don't want to throw away. You might do better
at the craps table. But all right, gold, yeah, no doubt,
it's solid to have around. Thank you, Roy, Appreciate you, buddy,
To say there's a couple of different conflicts going on
in the world. I think an understatement right now, as
Iran is still working on their nuclear program, We've got
negotiations going on. Do we ever make progress in this
direction with these people? Can we trust them at all?
Joining us now? Row O'Neil with an update on what's
happening here. Good morning, right, welcome in.
Speaker 2 (00:18):
Hey they're JT Happy Monday.
Speaker 1 (00:20):
Happy Monday to you. So are you making progress here
at all?
Speaker 2 (00:24):
Well a little bit. You know, both sides tend to
end these meetings and they sound a little bit more upbeat,
But boy, when you look at the differences between the two,
it's hard to imagine they could ever reach common ground.
But the US and Iran held their third round of
indirect talks, mediated by the Gulf state of Oman. They're
trying to seal a deal that would block Tehran from
(00:46):
acquiring a nuclear weapon, but also at the same time
lift those economic sanctions that have been so crippling. So
it's a difficult walk to walk, especially when you have
Israel and Prime Minister Yaho's saying absolutely no way can
Iran ever be allowed to have a nuclear program, even
a ballistic missile.
Speaker 1 (01:06):
Well, Iran's not just going to roll over and say yeah,
I f I know, we're going to stomp all that.
I mean, they are the head of the terroristic snake
that exists around the globe. So have they made any
concessions whatsoever that they're going to back off in that direction.
Speaker 2 (01:19):
Well, not on the terrorism, not on the on the
fact of funding terrorism, like the Huti rebels have been
a real pain of the US side these past few weeks.
But yeah, no, we're not really getting that indication from
them at all. And you know they're trying their Iran
is insisting that all of their nuclear aspirations only relate
to nuclear energy, not to nuclear weapons. So that's been
(01:42):
a big fumbling point whether or not anyone believes that.
You know, there's been some talk about all right, we'll
give you the uranium you can use for your reactors,
but that's the same kind of uranium can't be used
for weapons. So that's been one idea floated out there.
But again, both sides seem really far apart.
Speaker 1 (02:00):
Yeah, once again, I mean, if they agree to something
like that and they say, okay, we'll just use it
for that, and I mean who's going to police this, right,
I mean, is there any enforcement?
Speaker 2 (02:10):
Well, I yeah, that's also part of it. And it's difficult. Well,
I mean because a lot of these nuclear enrichment facilities
were previously disclosed and had been part of that original
Iran nuclear weapons deal the President Trump got out of
saying this was a raw deal that gave too much
to Iran. So that's why we're renegotiating it at this point,
(02:30):
trying to get a better, harsher, lifelong deal in perpetuity,
not just something in the last ten years that was
something else that President Trump was very critical of.
Speaker 1 (02:39):
Yeah, all right, Well it's just so weird to me. Okay,
we'll talk about the United States and try and work
with you on this nuclear thing. Maybe you got a point,
maybe we'll back off a little bit. But I'll tell you,
what we're not going to stop doing is attacking you
through these terrorist you know, proxies. So just forget that
off the table. Okay, we'll take it. I mean, it's
so bizarre to me, the whole conversation. All right, let's
move on and talk about what's going on with the
stock Marrier. As we know, it's been kind up and
(03:00):
down and losing and winning more losing than winning lately.
But it seems gold is doing pretty good right now.
Speaker 2 (03:06):
Yeah, it's true. I don't want to sound what that
guy is selling you gold on TV. So that's what's happening,
you know, William Devane great out here, But yeah, I
don't want I'm not a shill. But yet, no, gold
prices are up more than sixty percent in the past
year or so. I think in February of last year
it was around two thousand dollars. Last week at topped
(03:27):
three thousand, five hundred dollars per ounce of pure gold,
So a pretty remarkable run. It has come off those
highs by a couple hundred bucks. But a lot of
people expressing more interesting gold because they see it as
the currency of stability. That if you think that, gee,
maybe we're going to get more inflation with tariffs, or
maybe there's a recession, or you know, we've seen a
(03:48):
dow and go up and down, let's just put it
in gold. It'll be stable. That's that may be why
what's feeding this surge and gold prices. And as a
lot of people go up through their jewelry chests saying
oh no, I never really liked that thing anyway, or
those with Grandma's earrings. Maybe we can, you know, go
down to the pawn chop.
Speaker 1 (04:07):
Exactly exactly, Well, a little bit of metal in your
portfolio is never a bad idea. I'm still not you know,
in any cryptocurrency yet, and most people I talk to says, yeah,
I wouldn't try that either, unless you just got money
you don't want to throw away. You might do better
at the craps table. But all right, gold, yeah, no doubt,
it's solid to have around. Thank you, Roy, Appreciate you, buddy,
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