if you want to make a bumper sticker, as dan nathan would say, have at it people. >> i'm going to comelagged the yellow metal, and i'm with guy. i'm with guy for the same reasons. i'll just throw in, it wasn't a 18-month move for me, i think it was an 11-year run on the dollar that largely peaked gold triple top at 2,000. >> if you like gold for all these reasons, if you like gdx, do you like bitcoin? >> bitcoin i think there's too much regulation, you know, in front of bitcoin. but if you look at gold, all the stats that guy says, they also predicted that 2023 there's going to be less buyers of gold. i don't agree with that. if you look at the reasons why, tim named the dollar. guy named it. central banks are diversifying away from treasuries, from the dollar. that means they're going to buy even more gold. geopolitical concerns. look at what just happened in syria. so you're going to see more and more buyers. i agree with tim. if you're bullish on gold you got to be bullish on the minors. outperformed but are down for the year. >> it is time now for the final trade for this friday. l

dictated by its largest constituent stocks these are the faang names, if we're going to borrow from dan nathan'sonyms. these have been outperforming as of late. if you're looking to hedge your existing portfolio which, frankly that's what you're doing if you're putting on a bearish bet, you're dealing with slightly higher implied volume tilts and slightly higher skews. the out of the money puts are trading at a bigger premium than you historically would see i think you can look out to may. you can put a put spread on in the qqqs as a mechanism to hedge, and you have a better opportunity to do so now as these things have gone up a little bit the put spread in may and you can risk about 2% of the value of the underlying qqq shares and get some downside protection now this is different than an outright tail hedge. this is different than making a bearish bet. this is just basically looking for, you know, to weaker is what we're thinking, this is a trade that's very similar to what i have in spx. >> all right let's get to the banks here and talk about what we've seen in the xlf as well as the regiona

we're live on the desk, steve grasso, dan nathan and jeff mills. we start out with first republic bank, shares down again. "the new york times" reporting the bank plans to raise cash by selling shares privately jeff has been in first republic. we thought calorie came to the rescue, but there was this sort of overarching question, what happens after 120 day of parking deposits, the bank still needed capital. >> that's right. that's why we didn't want to wait to find out we were in the name, but decided to get out earlier in the week, regardless of what was going to happen, if anybody was going to come to the rescue or not. and i think the thought process was simple, in the sense we didn't want to be overweight banks to begin with, didn't love the exposure given where we are. very simply we took that into account. there was a lot of hair on this. let's blow out the equity when we can, there are a lot of questions around the name still. >> i want to underscore, you're not a momentum trader. >> for sure not. >> so decide to take a flier on first republ

be -- this is all the familiar names the bang names or maga names if we're going to borrow from dan nathan's act ro enemies. if you're looking to push a short or hedge your portfolio, which is what most of us are going to be doing because you own stocks you're dealing with higher vola volatilities trading the a bigger premium than you would historically see, so i think you could just look out to may, put a put spread on in the qqqs to hedge, and you have a better opportunity to do so now that these things have gone up. i was looking at a 275 put spread in may, and you can risk 2% of the value of the underlight qqq shares to put that trade on and get some nice downside protection. this is different than an outright tail hedge. this is different than making a big bearish bet. this is just basically looking for maybe range bound to weaker, really, is what we're thinking this is a trade that's very similar to the ones i have on in the sbx. >> let's get to the banks here and talk about what we've seen in the xlf as well as regionals. i would imagine, carter the charts look similar. >> they do the

got a full desk, steve grasso, karen firn man, dan nathan and courtney garcia. we start off with tesla's big investor day with elon musk just taking the stage in austin to lay out his long-term goals in tesla, expansion plans and a whole lot more he started this event 30 minutes later than expected. phil lebeau has been monitoring all the action phil >> reporter: melissa, the first 30 minutes of this has been talking -- elon musk talking about his vision for the world becoming sustainable in terms of energy and what is possible and what he believes is possible this is very much 20,000 feet looking down at what -- what is possible breaking away from fossil use the there's been no news so far germane to tesla investors in other words, they haven't talked about future production plans or future models, et cetera they are just starting to get to that point, and i suspect within the next 15, 20 minutes we may have some news we're going to go back into watching the rest of the investor day, melissa, as soon as we have something we'll send it now back to you. >> yeah.

on the desk, tim seymour and cart knee garcia and dan nathan and guy adami. also good to see you in person we start with the countdown to the first quarter. just two trading days left in the quarter. boy, it has gone by fast nasdaq leading the day leading the way up nearly 2% it is also the winner so far this year on pace to break a quarter-quarter losing streak. the s&p hoping for a second straight quarter of gains while the dow is down ever so slightly and a look at the biggest gainers. nvidia up more than 80% since the start of the year. meta, tesla, warner brothers, all seeing outside gains and intel jumping more than 7% today. best day since november. now up nearly 20% so far this year also above its 200-day moving average for the first time in the year dan, you see this as a positive sign, what, not only for intel but for the market more broadly? >> when you see the stretch of rallies broadening out, we've been hearing a lot over the course of the last few months, it was a junk rally and so there was a lot of names that were the hardest hit in 2021 and

. >> dan >> lilly is getting close and happy birthday to my dad. >> happy birthday. >> nice, nathan. thanks for watching "fast money. see you back here >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job is not just to entertain but educate and teach you about stocks so-call me at 800-743-cnbc or tweet m me @jimcramer. every morning so many people come into the market with the same attitude, maybe today is the day interest rates go down and the rate goes higher it didn't pay off with treasury yields marching higher, the dow edged up five and s&p lost 4.7% and the nasdaq shed 6.6% these buyers can't resist because they can't believe the benchmark ten-year treasury has a 4% yield i get it the ten-year was 1.7% a year ago and couldn't run so much so fast and 2.5% in late march and hit 3% a month later