 Welcome back folks oil. So crude. Let's see what we got here. They rose 4.59 million barrels Oh, you were you were on the right side man. That's a five five million barrel miss For the price of crude Jumping back to the charts. Let's see what we have crude oil trading up a bit. So we were trading at about 2350 I'm gonna put this on a shorter time frame. Let's put it on five minute chart There's your pot man. So we get from 2351. We're up 58 cents in no time 24.09 Yeah, the market responding like you'd like you were you know kind of anticipating there at 60 cents in a heartbeat to the upside Yeah, let's see Past events. Let's see what we set up here. Oh, that's second. Let's see Oh, just close that box and then you this one No, they can't top right the X just close out of okay Yeah, I guess not. Okay, let's see jumping around. Yeah, let's see. We're just gonna get back to this for a second folks Okay, so Past events. There you go. That's weird, huh? Look at that Yeah, I don't know. Maybe it's taking some time to process it Life in the city But let me check back and take a peek one more time. Yeah, it's climbing higher up about 70 75 cents from that point 2420 Gotta love cheap gas man when we call rising a bit where $24 oil and it sounds like oh my goodness The market is back and saved at $24 my barrel. Yeah, there's no doubt We had a question folks from one of the ties on harmony harmony gold Okay, so let's take a look at harmony how many down 50 cents, which is almost 15% off its high This has been a strong equity and it still is a strong equity What you have out here folks is that harmony's buying another company and they're gonna do a secondary So they're doing a $200 million secretary and secondary and that's what you have happening out here So if they say harmony's gonna plan to sell 200 million shares to fund the purchase of Anglo gold Ashanti South Africa's largest gold miner by volume will seek share of approval to issue ordinary shares for cash of Via a vendor consideration placing the fund placing the fund $300 million DL announced in February. Yeah, please The move will give its balance sheet more flexibility so what you have out here is that You did I believe that ABC up was like 405 or something. You got the 399 yesterday This is still in good shape. I mean, you know the bottom line you're coming into Big sub you boy coming into a gap I mean, I think this thing can get out of 311 and right now you're at 338, you know So and I did see something towards the end of that maybe that just said that they previously planned to finance it using something to the mind or In a different way, of course other than just diluting their shares. Yeah, and that's Yeah, that's a low price pushing stuff out, right? There's no doubt about that, man Let's go to Jack and Palm Beach. Hey Jack. What's going on? Hey, how's it going? It's going great man yourself. Hey Jack. I Just wanted to check in with you on IWM did that just reject any significant low or did it go down with enough volume to go back and test it again? Yeah, it's gonna be close man. You know the IWM right now folks, okay? You know, you got that nice pop of last week of 136 84 Definitely get tested You know year. Let me just look at this for a second intraday here for a second Yeah, you know this is not I mean it doesn't it what we did is that we just filled the gap from yesterday It gapped up. You just filled the gap The real question is going to be how does this handle the rest of the day and what I mean by that? Jack is that Do you basically close at the lower end of This bar today and if you don't close at the lower end that is saying that yeah, you're going to get some push I am in you know Yeah, it's a close call. Yeah, it is it definitely is and what? Yeah, that's that's you know and what what happens with the IWM folks is this Is that thing won't move won't move won't move and then all of a sudden explodes up or down I mean, you know, I used to trade it a lot and Because of the personality of it. I actually don't like it anymore Because it seems that it can be consistent all day and then all of a sudden bang It's going one way or the other and it does it very quick man. Yes, you know, so It seems like for consistency the it seems like the S&P of the NASDAQ is a little bit more consistent Meaning what I mean by that is that it doesn't come out of nowhere, which the IWM does, you know It's great when you're on the right side. I've seen it. No, we all have I know man Isn't it crazy that it sits there like forever does nothing looks like it's going to get trashed or go to the moon and You get reversals that a very quick man, you know Very much so well, so what side of the sea are you on? Well, I'm on the short side right now. Okay, and I watch they go down Percent and then bounce right back up off it. Yeah, and you know if you look at the TZA so Yeah, see now that watch this if we look at the TZA the TZA is saying that it's rejecting a lower price right now and doesn't want to go higher. So that's what I was Yeah, I was worried about. Yeah, you know, well, no, that'd be good for you, right? That's I mean, that's the shot Do you know if it's a day? Yes, if it's the TZA. Yes, sorry. Yeah, no, that's because it what's happening right now You're coming into the strengths from this morning at 950 that by there it like a million shares and let's see how many with six minutes into it And you got you're at 300,000. So that's saying and then we'll go back to the IWM That is saying that the IWM is not going to hold price out here. Yeah, so Okay Appreciate it. Okay, man. Have a great one. Have a safe one the Gold contract they like with their whack and gold again that being said Tom is that you know every time they Basically whack it, you know, you're down 18 bucks. But guess what, you know, you're coming into monster strength So they they haven't been able to basically take this thing south yet, you know, so yeah I mean, you're definitely just you know a new established normal area, right? Whether it's between 1675 whether it's between 1700 and 1750 is a good range probably for gold anywhere in there I know you're looking at you know that high back there that could be a floor right now That could be I mean there's yes, it's it's a lot of strength for sure It is it's and that you know the dolly is good. What's gonna be so intriguing here, you know, when we were I Was talking with Jason yesterday in the afternoon, you know this ruling in Germany folks is a big ruling. I mean and it has to do with the aspect of the ECB Basically printing, you know buying bonds and buying equities and the German government Constitutional court said you get approved to me that this is not bringing inflation in and they're only they're only given them like 60 days Yeah, I heard you guys talking about it last night, right? You know saying I know you know Jason mentioned many Sees it really hard to see them working that out without some real hardship going on maybe in the euro He's saying 30% I remember him throwing out there. I mean if Germany ever starts What you know the UK had actually done meaning back and out of it the differential folks is that Germany Uses the euro where the UK didn't UK had their pound man That was the smartest thing that ever did is that and say okay? I'll go in the European Union with it, but you're not taking printing press, you know Yeah, and Germany's applied lip power house among itself, you know, no doubt Yeah stare at your folks. I mean I come right back down. I was up free now 76 S&P's are up for we'll come right back