 presentation of TFNN The Tom O'Brien show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618 Hey, Robin. How you doing, man? Yes, and thank you for taking my call I wanted to let you know that I've been a subscriber for a couple years just different members of your team And I really enjoy it, but really the reason I'm calling is to express my sincerest gratitude for you Providing that information yesterday on the small business grants I'm a small business owner and primary bedbreak winner for my family, and if I can get that money It's gonna really mean a lot to my family. So that's awesome. Thank you for taking the time to do that No, well listen, man. We appreciate you growling and prowling with us. Now Tom O'Brien Excuse me Welcome folks, this is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day We go 24 hours a day on the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows up and what's having a great day Safe day. It's making a great night folks Be impeccable with your word release the need to be right When you believe something you assume that you are right and you may even destroy relationships and not defend your position Let go of the need to defend your position Mugger to eyes, let's take a look at it out here. We have the Dow Industrial's down 71, Nasdaq off 161, S&P's off 33 Gold, gold contract down $40 trading at 2,050 an ounce We had silver down 91 cents, $24.94 an ounce, late sweet crude off 81 cents $73.26 a barrel, notes and bonds, 10-year note Down 15 ticks, trading $1106, the 30-year down 18 that won $1719 and $Kingdala $Kingdala right now is trading up $433 ticks and $1037 Euras at $108, he ends at $147 British Pounds is at $126 to $1 U.S. Our phone number is 877-927-6648 Give us a call folks, we'll know what's going on in your world In the world of the S&P's, let's take a look at it. We've got some divergence out here folks in a big way The first one is going to be the S&P So what you have here is that, you know, you've got the S&P's down 32 bucks, but guess what? This is a really light volume, man You know, you get 52 million shares and the bottom line is that, you know, Friday we go up on what? 70, the prior day there, 74 Okay, so that's light volume on the way down The Q's however, and this is where you have divergences, okay, we take a look at the Q's The Q's are already in the gap And so the bottom line is that the Q's have rejected, you know, the 282, 382 out here today, 385 That being said, you're going to have an expansion of volume out here You got into the gap, that's saying that the Q's want to basically close this gap And if I go back to the S&P, what you're going to see is that, well, yeah, let's go through the rest of them first Notes and bonds, bottom line, they still want higher price If you take a look at the 10-year note, what you're going to see, really light volume 1.4 million contracts, bottom line is down 16 ticks, that's nothing Okay, now, gold, whole different ballgame folks, okay And this is what the gold contract last night, overnight It ran to 2152.30 And bottom line, you know, what that is, my take is this is a blow-off short term top Because you get 361,000 contracts traded, you know, you had an ABC structure up there Bottom line, it did it, gave it up in spades So you got all the shots to close their position Now that's not a good thing because what ends up happening is that that means there's less buyers, okay That being said, I suspect we're going to have to build cause for a bit You know, we'll see where this baby goes My take is that we're going to 2500, okay But short term, this is going to build some cause Bigger yet though is this, most times what I've seen is that when you get high volatility Inside either the gold market or the S&P, if you get it in the S&P and the gold market doesn't get hit Give it a couple days, it's going to get hit You get it in the gold market and the S&P doesn't get hit, give it a couple days So my take is that right now the S&P is doing a slow roll Whereas the NDX100 is not doing a slow roll, it's going right after the gap So the volume will expand today, we'll see how much it expands tomorrow And, you know, I think we're going to pull back right now That's how this seems to be setting up Dollar, and more than likely what we're going to see, we're going to see a counter trend bounce in the dollar We take a look at this dollar So the dollar, if I do a .382 retracement on the dollar You know, the dollar went from 103.064 today to 103.704 And, you know, a .382 is running out here at about 104.393 And that number also coincides with the fast downdraft that we got inside of the dollar Let's go to Koster in Boston Koster, what's going on, brother? How are you doing, Tommy, today? I'm doing great, man, yourself? You're doing fine Tommy, about five is a Tommy Bad news for the obesity drug What effect will this have on that $24.95 price that you told me a few weeks ago when I called it? You know, I think you're still going to get this, just let it go down there and see what happens, man You know, you had high volume Friday You can see, you came down, you broke Let me see, actually, this might be an ABC down to that level One second, let me put this on a weekly Yeah, it is So, the question is where do I take it from? Right there, I actually make a small one That's $33 That's $28, so you get like $5 This thing wants to go after that high volume low That's what's going on here, Koster And I just let it be until it gets it I mean, it gets closer and closer And you do have an ABC down right now, on a weekly basis So, I suspect that that, you know, COVID low is going to get touched, man That's what it looks like Okay, Tommy, thank you Okay, man, have a great one, have a safe one Bye-bye So, let's go to the silver market and we take a look at silver So, what do you have with silver out here? Silver's down $0.93, big number Now, silver didn't spike like gold did Bottom line is that we take a look at that silver market But they took it apart, man We got over 100,000 contracts inside the silver market So, what we haven't got yet is a destruction of price inside of the gold equities Okay, but what you do have And this is where it's going to get kind of wild Is that the GDX, you can see that, you know, bottom line We went top side in the GDX, nice volume, $43 million You pull them back with $32 So, what we very well could have is this This, what do you want to watch if you're in the gold market? Last week, we broke top side And we took out the whole consolidation I suspect what's going to happen here Is that we're going to come back to the breakout area And we'll see whether we come back with light volume Bottom line, if you're not in, that's a place that you can buy Volatility, though Big numbers out here, folks, okay And we'll see if it's going to basically fly from the gold market into the S&P Right now, the S&P today is calm That's the bottom line, I mean, it really is calm If we go look at the VIX, you get the VIX Yeah, the VIX is calm, too The VIX, the VIX got to 1370 and we're at 1310 So, it's not a big deal Stay right there, folks, to come back with our man, Mr. Steve Rhodes We have the dial, the dial industry is right now Down at 59, you get the NASDAQ of 167 S&Ps are off 32, we'll come right back Currencies, commodities and bond markets are as important as ever right now With how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Kegstad's Tiger Forex report Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience As a trading veteran of futures, forex, stocks and options Teddy releases his weekly Tiger Forex report every Monday morning With coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds As they both influence forex markets tremendously When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive He just hosted forex strategies and fundamentals What is behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today Visit the front page of TFNN.com TFNN Educating Investors Teddy Kegstad's Tiger Forex report subscription Renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open Along with update when warranted Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a season trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders? 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Well, you know, this is the We've entered the favorable seasonal time of year for football As far as I'm concerned, this is when it really ramps up And if you are a Florida State fan I've put one and a half kids through Florida State They're in tears today Because to a certain extent They got the short end of the stick on Sunday Yesterday at noontime When they've had an undefeated season 14-0, the ACC champs And they moved from number four to number five In the playoff spot And that means that they're not in the playoffs, right? They're not in the big playoffs You know, I was looking at that man And it was like, that's kind of a shrewd up way To do this thing, man, yeah Well, which I think they're looking forward to getting Next year because you're going to have more teams In playoffs and so forth So it should help to avoid this It's not that Texas is not a good team They're a great team They happen to have a loss against Alabama And then Alabama beats Georgia It was a field goal, it was a three-point It was a field goal that missed Really just, I think what happened in the game Is they scored a field goal But there was a timeout that was called Or there was a penalty And then they went to kick the next field goal And it was a five-yard penalty And it missed the upright Yeah, pretty crazy out there But still, my favorite time of the year I just have to console two of my kids Because they haven't really seen much since And if you've ever been in Florida, folks The bottom line, those two big Florida schools They are competitive beyond belief Well, look, USF is a great football team UCF has had great football teams Even down here at FAU It's a big football stadium It's amazing these Florida schools They start and then they just End up being monsters anyway Even the small, since I've been down here Just like I said, USF was a small school When I got down here and I was granted 23 years ago, but it's like boom, boom, boom I mean, you know 40,000 students or so That's big That's big That's big So last night, I'm going to add A little bit of context as well What I'm seeing here Some of the markets that you were discussing So last night, right at about 6.53 p.m. Gold made that new all-time high And then as you say, it went ahead And sold off Now at 6.28 p.m. last night The US dollar index made a low And since then, it's rallied So a 25-minute difference here in time But still important to take a look at This chart here is looking at the daily correlation Between gold and the US dollar The upper panel, the chart is gold The center panel is the US dollar index The bottom panel is the correlation Now this is set to a five-day average And it shows, as we've discussed many times It has a pretty good direct inverse relationship Dollar up, gold down Not to really repeat that commercial on television But yeah, we've got that Now, this is the daily correlation Of a price for silver and the US dollar And we can see that it too has got That strong relationship So let's go check out some of the patterns See what else was going on last night This chart here, if we take a look At the US dollar index, what it did Was it rallied right into profile resistance And that was at 103.768 For people not familiar with the term profiles If you take a look at my charts here If you watch this on Tiger TV At most charts you'll see three horizontal lines Those lines represent where buyers and sellers are at The bottom line is where the buyers are located The top line is where the sellers are located Oftentimes you'll see a center line And that center line is where both buyers and sellers Believe there's fair value inside that range In the case of the US dollar index Which is the upper left-hand chart It's got a bearish structured profile I mean, there's more sellers that reside Between 103.42 and 103.76 So we had the US dollar index Testing resistance And then if we go down to the bottom left-hand Panel chart Silver is testing profile support And that's at 24.897 I took this snapshot about a half an hour ago I'm not exactly sure where silver is trading right now But you've got the dollar at resistance And silver at support That's something to pay attention to We take a gold, silver and the GDX That's going to confirm a sell the D point pattern today And what I've got identified on these charts here You can see the A to B equal CD pattern for the GDX And traded just above the one-to-one price projection Of 3156 Today we've got a bearish reversal signal A bearish separating candle That's how I identify when a top is put in The participants in the market will generate Bollers in this case here Bearish reversal candles Now the cool thing here is that the GDX Is also forming a new profile So the level to be watching there is 30, 46 Not until profile support gets broken Can we suggest that there is some type of change in trend For what period of time we don't necessarily know But right now we just have a consolidation of the GDX Between the profile level So I'd watch 30, 46 And so that makes also the profile level in silver Which we already covered at 24.89 Key and gold is also attempting to form a new profile That's a lower right-hand chart So I'd watch 2023, 29 I'm using an advanced Doppler tool, Tom To create these profiles I'll have confirmation at 6.01 this evening As to whether these profiles have taken hold or not I know the information is valid It's just whether or not when the futures we set at night Whether these will take hold or not My conclusion is that if the US dollar index Closes above profile resistance 103.768 Then gold will go ahead and at least target the bottom Of that profile 2023 From a seasonal perspective When I talk seasonal perspective folks I'm referring to the last 55 years What we've just entered is the short-term Unfavorable seasonal cycle So it says what Tom just said before we came on the air That he believes that this is just a short-term top Well, even though Tom didn't probably realize it at the time It matches up exactly How do you do that by the way? It matches up exactly with a 55-year seasonal chart And that suggests that we should see a bottom Right around the 14th So folks, if you're, you know I know you were talking about the gold report out there Now it's really a great time to be able to get that So that you can try to identify And time that next bottom out there Now I don't want anybody to conclude that metals can't rally In the face of a rising dollar As this monthly chart here shows The green arrow, as you can see We've got the bottom since 2008 in the US dollar And gold is trading well above its low from 2008 as well We also saw a bit of a sell-up in the US index season The NQ, you talked about that That's taking the brunt of it Turns out if you take a look at the upper right-hand chart Out here folks, price was pulling back And that was at 15,748 Not until support gets broken So watch that 15,748 level overnight If we do get a close below that Tom That says we had to 15,465 But how I would just wrap this up Is we've got a move inside the US dollar index That found resistance, silver found support The GDX and gold are trading within their profile So they have not given us a change in trend signal out there With regard to the NQ, by the way The ESMini is very bullish out here At the end of the NQ, we still have to watch that level of support 15,748 And folks, those profiles that Steve's talking about Are crucial, because what ends up happening Like you get a day like day, you think there's a lot of red But the bottom line is that when it's only going to the bottom of the profile It doesn't mean a thing, right? Exactly, just guessing something Listen man, have a great one, safe one We look forward to the show tomorrow Steve Stay right there folks, we'll come right back After all, it's impossible to predict the future, right? Like any endeavor in life Before you decide it's impossible Get some advice from the experts You might find that it's not so impossible after all For daily market overviews That give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter At tfnn.com The opening call newsletter Is written by Basil Chapman Creator of the trading methodology Known as the Chapman Wave The Chapman Wave up-down sequence Gives you an edge in identifying price turns Finding the peaks and valleys in stock prices Get the opening call newsletter By Basil Chapman and your inbox every day First-time subscribers also get a 30-day money-back guarantee If you're not satisfied, let us know And you'll get a full refund within 30 days of signing up tfnn.com Educating investors Steve Rhodes started his trading career as a student Almost 20 years ago And the student has now become the master Steve won the prestigious Timer of the Year award in 2018 And barely missed that mark again in 2019 Finishing it number two for the year An amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge With anyone who wants to learn And he shares his vast amount of trading knowledge every day In his mastering probability newsletter Steve's award-winning newsletter Mastering Probability is delivered every trading day With updates throughout the afternoon Sign up for Steve's market newsletter Mastering Probability and you'll receive access to 7 of Steve's educational webinars Absolutely free At tfnn, all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about Visit tfnn.com And try Mastering Probability 30 Days Risk-Free Today With them, educating investors Live every market day from 8.30 a.m. to 4.00 p.m. Eastern For free Each host is an experienced trader And gives their take on the market while taking calls and questions Live from around the world From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com Or on tfnn's YouTube channel And become the investor you were born to be Tfnn Educating investors Don't forget, you can listen to Tfnn Live on your mobile device 24 hours per day Go to tfnn.com Then hit Watch Tiger TV That's tfnn.com Then hit Watch Tiger TV Welcome back folks to the Dow Dow Industries right now, down to 66 You get the NASDAQ off, 146 S&Ps are off 30 And folks, we started our Tiger Dollar sale on Friday So the way Tiger Dollars work is that Bottom line is that they're good for any product At tfnn, no expiration And they're totally transfer Now this is how we discount product at tfnn We do it twice a year, we do it once at the end of June And we do it in December Bottom line, the way it works is that you can If you get in any product at tfnn It's the way that, you know, you can Get it for a less expensive price If you're looking for product in the future Bottom line is still the same thing The way it works, you can buy $500 worth of Tiger Dollars You get $600, that's a 20% bonus You can buy $1,000 and that gets you $1,200, 20% bonus And the max is it, you can buy $1,500 And that gets you $2,100 So check it out in the front page of tfnn Now this is over on December 17th Okay, so you get, you know, you get A couple weeks in order to do this But check it out, a great way to Basically if you're getting any newsletters now If you're coming in any workshops All of the above, nice way to save some money So let's get into this Because this is, I can tell you, you know I've seen this in the gold market before And, you know, first I want to get into GDX for a second, you know I like the idea that when we were Just interviewing Steve That, you know, a few of these Are just coming back to profile, okay So what does happen is very important Because what profiles are folks, okay So picture the... When I do price and volume That's why I love profiles so much, okay When I do price and volume, you know Bottom line is that we're going, let's say To the x-axis along the bottom Well, profiles are going to y-axis On the sides, does the same thing, though Okay, what it's looking for, it's looking for Where is the instrument That you're trading have traded the most And that's where those profiles come in Meaning that's what basically Brings support in our resistance in, okay So the bottom line is that When they hold profile, it's a big deal It's absolutely a big deal Now, when I take a look at the GDX You know, that's saying to me that Okay, it took us a long time To break topside number one, okay It was four months, you broke topside You had volume on the break Now, even today it's 34 million Well, we went topside with 41, 42 actually So when you look at that aspect It's pretty cool because it's like Okay, if you're going to come all the way down To the breakout area, which equities, currencies They all love to do that, okay The bottom line, what you're going to be looking at You're going to be looking at number one Does it come down with light volume Number two, does it have a rejection Of lower price when it gets there That's what you want to be looking at Now, I want to get into the S&P for a second, though Because here's the huge divergence The S&P, as Steve said, is really bullish, man Okay, you know This S&P, we hit 454 this morning You're at 456 You only have 56 million shares traded Now, that being said What I have seen, you know Quite a few times is that it takes Whether it's two, three, four days In order to basically get the high volatility In the S&P, my point is this You normally do not see the type of volatility Inside the gold market It doesn't stand by itself The S&P and gold love running together I know that sounds the same But the bottom line, they do If I learned anything over the last 20 years That's one of the things I definitely learned The thing that's really intriguing So listen to this When I was riding earlier I was up for lunch And on Bloomberg, they had an analyst on this This was a trip by itself They had an analyst on this He was a gold bull, okay And the bottom line is that if he was staying in the aisle He might get pulled back and all this stuff, okay But he was talking about the aspect Now listen to this He was talking about the aspect That if you actually go back Now he was going back 50 years No, he's going back 30 years He's going back 30 years And he was talking about the aspect That he thinks that the 4572 That the S&P is trading at actually That that's where gold should be trading at Now this is what does happen, folks When you get large moves In the gold market Or the oil market or anything like this, okay But his analysis, okay His analysis was pretty good You know, it's So we'll see where this whole thing shakes I'm not in that camp right now I can tell you that, okay But I'm in the camp of 2500 The real kicker is going to be Do we get the volatility Inside of the indices And if we go to the NDX100 We take a look at the NDX, okay Today, you know, you get IDEX Go up 6.5%, you got Illuminator up 4.5% You get Comcast up 3.9 Taken away from it, you get Serious Satellite down 7 You get trade, is that trade desk, I think Yeah, trade desk is off 4 And Intel is off 3 Now, let's go to Meta for a second Because this is where things can Move out a bit Now Meta is only down 5 bucks And you're at 319.43 You know, we just hit a high here about 5 days ago Up in the 340s, right Well, what Meta also has Is a high volume low I mean, it's sticking out like a sore thumb You know, that thing, we're at 319 And that thing's at 279, that high volume low And then on top of that, what you have Is that you have, this is the first time that Zuckerberg Is actually selling shares in a long period of time And Tommy brought up a great point this morning So pitch this, they always claim, you know Mark Zuckerberg is selling Meta platform stock For the first time in two years The medical found a stress As well as the entities for his charities And political giving unloaded 682,000 shares Worth 185 million in November Through trading plans, okay What the latest disclose Wednesday Now the cool, well it's not cool But to understand What Tommy was questioning is that Okay, you have a trading plan, right And the bottom line is that You know, you can sell so much in a trading plan Well, bottom line, why didn't he sell it In the last two years And I suspect what it is Is that the equity is going to go higher So they have it both ways That you can actually, more than likely That's what it looks like here That yeah, you can sell if you want But if you don't want to sell Guess what, you don't sell Now my point is this The market, this is not down a lot today Compared to what, because this came out this morning Okay, bottom line is that And then, let me go to Nvidia Because Nvidia, the insiders are also unloading Okay, let's see, here we go Corporate inside is increasingly Bedding on chairs of their own firm And Nvidia executives and directors Last month sold a filed paperwork Showing that they intend to sell 370,000 chairs worth another $180 million, okay So when you start getting The high fliers And the insiders are starting to sell them That's when you can You get a little steam train And that can start accelerating And both of those just come out this morning So, stay right there folks We'll come right back Biotek is booming, but for how long? 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Whether you think Biotek Bull Has room to run Visit Direction Investments.com Slash Biotek, today An investor should consider the investment objectives, risks, charges, and expenses Of the direction chairs carefully before investing The prospectus and summary prospectus Contain this and other information about direction chairs To obtain a prospectus or summary prospectus Please contact Direction Shares at 866-4767523 The prospectus or summary prospectus Should be read carefully before investing An investment in the funds is subject to risk Including the possible loss of principal Funds are designed to be utilized only by sophisticated investors Such as traders and active investors Distributor, foreside fund services, LLC The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos Into a key for creating winning trades At TFNN, we understand that it can be hard To find reliable market news That's why each of our market experts Offers their very own market newsletter A must-have tool for every trader out there Striving to find an edge in today's markets TFNN newsletters cover every aspect of the markets So you can analyze the market before you trade Try any of our great newsletters Risk-free with our 30-day money-back guarantee Just visit the newsletters tab on the front page of TFNN.com TFNN Educating Investors TFNN has launched the Tiger's Den Hosted at Discord TFNN has been educating traders for more than 20 years With live programming hosted by a variety of professional traders During market hours, the Tiger's Den Available to all Tigers and Tigris' For just $1 for the year There's no cash or added costs When you join our community of traders Sign up today and become a part of this educational community of traders Just visit the front page of TFNN.com This program is brought to you by Vista Gold Traded on the NYSE American and TSX Under the symbol VGZ Welcome back folks Let's take a look at some of the high evolved Well actually, let me look at this volume first So if we look at the volume inside the indices out here Right now, you see this is shot volume on the way back The Dow has only done $543 million Wednesday, Thursday, Friday Well Thursday we did $1.9 billion in the Dow Friday a billion So there's going to be a small pullback inside of the Dow With light volume Now we go to the composite And we take a look at the composite And the composite's going to be huge volume We're going down, man We're going down See they're unloading this thing We're already at $5.4 billion on the composite We did $5.6 on Friday Let me put this up So they're trying to get out as quick as they can CCNP And you can see the unloading of paper In a monster way here Yeah So the Is the gap See the composite's not down to the gap yet either And that's another heads up, man Because it's like, okay When you get a gap that's this big That gap is huge, man $14,171 we're at The bottom of that gap is $13,800 something Okay, so It's not a huge amount, but it's 300 points And then, you know The bottom line is that We'll see what Did you get a rejection of lower price there? Let's see what this is We take this Just put it up Yeah A .382 is actually a little bit lower than that Some of the higher volume equities That we have out here today In the marketplace Come on There you go Okay, so we have You get riot platforms That's up about $30 That's going to be all about We'll go look at Bitcoin in a second, too Nvidia's down $11 She got Alphabet off $260 There's not a lot of movement over here, man Not fully, you know What this is looking at Let me go look at Microsoft MSFT Microsoft rejected $362 You're at $369 Let me see this This is quite a movement on Microsoft here Look at that Yeah So it opened down Got down a little It's doing like a 50% retracement of that right now Amazon, we take a look at Amazon Amazon did the same thing, man Yeah, so The battle is going to be on here The real question is Is that does the NDX and the composite Drag the S&P down? Or is this something that's going to come out of left field In order to drag it down The wild thing is that we, even today This is still window dressing today It'll get cleaned up Basically after today But you're still there If we go overseas now Let's go overseas and look at the DAX for a second Because the DAX and the S&P are trading together If we look at the DAX You can see the DAX was up 7 points today Last week, just as we broke top side The DAX broke top side And I suspect they got a volume on it too Yeah they did, look at that thing There it is right there Actually the day when it broke It had big volume But the next day it had huge volume We take this, we put this on a monthly Yeah look at this, holy cow One second, I really look at this Is this what the DAX is at an all time high man That is a mind blow, yeah The DAX is at an all time high So much for recessions around the world right? Yeah, I mean yeah That's, I wasn't expecting that I can tell you that I look at the DAX every day But what I do folks is I look at The percentage gain because they're Four hours ahead of us Where they're at versus where we're at And then basically speculate Okay, where is the buying going to come in Because it works pretty well If the DAX, you know And this morning it was the same deal You can see this S&P right now Is only down 25 dollars Which is nothing, 25 bucks Are you kidding me For the type of move that we had done top side Yeah, that's, now inside the gold market You talk about a stock that's getting Absolutely destroyed That was one of the strongest stocks Inside the gold market, it's Frank on Nevada You know, Frank on Nevada In fact, when I was doing the gold report This morning, what's this? This thing has a high volume low And this is like pretty sick man And that high volume low is laying out there Well, 110 is laying out at 77 Now it hasn't broken the consolidation At the lows yet And what this is all about Is that this is still all about the Mine in Panama That is one of the largest copper mines In the world And what has happened is that Folks in Panama feel like that It was a fixed deal, number one So what ended up happening The courts, the courts agreed And bottom line is that Frank on Nevada acted as the bank For quantum Quantum is the one that basically has the mine And bottom line, it doesn't look good for them That's what it comes down to Now it's going to be really interesting There's a couple good cases At the Supreme Court this week Now one of them, this is where You open cans of worms One of them has to do with If you remember a few years ago I guess five years ago now The bottom line is that you could Bring the amount of profits That you made overseas Back to the U.S. And you'd pay a tax But it would be nothing like the tax you had to pay Well, to make a long story short This was on profits you gained Or unrealized profits The kicker here is unrealized profits What ended up happening is that a couple That had one of their neighbors Has a company in India And they invested in that company And the IRS is saying That they want a tax on And this is all about 14,000 Like $167 That they wanted to tax this unrealized profit Well, this is going to the Supreme Court It's at the Supreme Court Bottom line is that they'll be questioning This whole this week The key, the kicker here Is that it very well could open up Huge amounts of other cases Well, if we stay with the unrealized profit And not realize profit first They're going to basically rule on that And we have an unrealized profit That seems insane, right? You pay money for something You haven't even profited from yet And then it goes down So you paid money And then it goes down And you made no money, right? So I see their beef The thing that's amazing to me And I've seen this happen before Is that it's not one of the big monsters That are out there It's like a couple Just like you and your wife Me and my wife Whatever that is And it can open a whole new deal up That's going to be a big case That's going to be a big case Dow, Dow industrials right now Look at this The Dow wants to go green Dow 24, Nasdaq's off 108 S&Ps are off 21 Stay right there folks Come right back Every market day before the market open Along with updates when warranted Stay ahead of the game With Tom's real time analysis And trade recommendations Delivered straight to your inbox Whether you're a seasoned trader Or just starting out Market insights provides the edge you need To navigate the markets with confidence Ready to join the ranks of successful traders? 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