 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. We're going to take a look here at this German Dax, a 60-minute chart. But before we do that, I'd like to go over a couple of things. First of all, I will be doing the show for Basil Chapman from 12 to 1, both today and tomorrow. Today's show, I'm going to focus, since I don't get the Basil's group very often, I'm just going to show the longer-term things that I've seen in the stock market, especially that big bottom that we had there on December the 31st. What are the possibilities of where we are and where we might going? And then on Tuesday's show, I'm going to go into some of the things about the Bradley model and show some really important empirical data that says, yeah, there's something in the astrology. This old cowboy I had found it. But when it all lines up, it does look pretty good. I'm going to show share some of those things going back to 1974 during the time when it was really heavily into trading. Well, that's a misnomer. But things were different then because we didn't have all these computers and stuff. But I want to cover some of that because I think we're getting closer to seeing something on one of these major channels to share. Yes, there are something in these cycles, but like everything else, it's just not perfect. The second thing I wanted to mention is there's something really big going on in the world, folks, on the Asian side of the realm. And that is in Hong Kong, two million people, folks, a population of eight million. Actually, we're protesting this weekend about this new thing that's going on with extradition in China. I don't know exactly what it is, but it's very, very, very, very important over there to those folks. The problem is, you know, China, you know, they can shut this thing down anytime they want. I don't think they will because that's your conduit to the world, but that's really a big deal. I don't know what that's going to mean. We're going to look at this deck chart. As you can see here, right after that, we'll take a quick look at the footsie. And then we want to move into that hang saying because this could be really important technically. Now, I don't know much about fundamentals. Don't care about that. Doesn't make any difference to me, but we'll look at it technically just to take a look. But as you can see from the DAX chart here, we have three lower tops since the 11th of June when we made the three drive to a top pattern up there, the ABCD structure. And now, you know, we've been going lower highs here over the last few days. Now, whether we come out of this either way, you know, really makes no, makes no difference because right now we're setting, we need to get a little bit lower for the 61% retracement to hit. And then we'll know if that holds and we got a chance for that ABCD structure to really take a look at. Now, if we look at footsie, this is really interesting one because we have a very similar situation with the lower highs. But as you can see the symmetry on this, when you go to see this is a 60 minute chart. So when you see these 26 bars up here, that means there's 26 hours. So that's a little more than one day. You'll see that they've come in together. That's basically the 135 pattern that we've talked about many times in here. So this is a bearish pattern saying we should start down in the footsie. Now, whether that's going to happen or not, I don't know. All I do know is that it fits nicely. The risk control here is, you know, relatively small from that standpoint. So let's keep an eye on that. But let's take a quick look now at the Hang Sing Index just to see where we are. Now, this is a really interesting chart because as you know, we watch this. We do not trade this. The reason why they take breaks over there for two or three hours for tea and lunch and crumpets, whatever else they have. They leave gaps on these charts even during the day. But you'll notice the 61% retracement that we made down here in May. Then on June the 3rd, we came in and hit that last little one right at the exact 61% retracement. We had a strong rally and then we've come down and re-tested. Now, it's very important that we stay above $26,600. The last price I had was $27,118. I didn't know what happened today, but we will keep an eye on that a little bit later. But it's very important that we don't go below that low because if we do, that tells us that we didn't have much of a rally coming off of that 61% retracement. And the fact that the first time we've come down came down much too quickly. But that happens in markets and that's nothing else you can do about it. Another one that you need to keep a close eye on, it's one of these ETFs that I don't particularly take a look at this. Just get up here and take a look at this thing. Okay, it's up a little bit. Thank you very much, Steve. Steve just told me that the Hangsang did close higher, about 100 points, $27,227. So that's another one that we want to watch. But this ETF for the emerging markets has done pretty much the same thing that the Hangsang has done. Remember, we've gone higher in a lot of these markets around the world, but we have not done it in the emerging markets. So we really don't know what's going to happen with that. Another thing that we need to chat about today is the fact that what's going on in the scorn market and grains and stuff, because folks, we've got a real problem out here. It doesn't make any difference about tariffs with China. We might not have anything to sell to them. We've got a little more wheat than we probably could, and maybe soybeans are going to be okay. But boy, the corn market, folks, is in really, really bad trouble. I've got a very, very dear friend down there in Vincent's, Indiana, about 45 miles south of Terre Haute right there on the Wabash River. And he's got a very, very large farm that's been in the farm, in the family for about 140 years, I believe. And they really have problems. They don't even have 15% of their corn in. And they're talking about 166 overall for 166 bushels per acre in corn. That's down a lot. And he said he'll be lucky if he gets 20 bushels an acre. So it's really very, very strange out there for people. And those farmers that have not used the services of something like what Simonly does for protection against these things can really get into a great deal of trouble. Because if they've contracted corn to sell at $4 a bushel, and corn selling at $4.75 like it is this morning in the December, I don't know where it is right now. But if it gets up to that level, it's going to be really, really, really, really tough. So that's why it's very interesting. I'll tell you, I have to give my hat off to Simonly because as you remember, I was trying to buy the corn at $4.20. It got to $4.24 the day of the report. And I was chatting with Si and he said, Larry, he said, I don't care what that report says. I have to be long corn. And so he did pretty well. I will mention this. When corn was down about $365 in that December corn, he was actually buying some options, $4 options, folks. I think he paid under a dollar, I think it was $0.25 or $0.50 that he paid for $4 options that are now trading for well over $3,000. I think he bought more than three, but I'm not sure. Another one that looks really interesting here, and I'm going to spend more time with it when we come back from the break, is the Treasury note and Treasury bond market. Because it's got me in a quandary. 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. 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And you and all other listening Fathers as well. I wanted to first thank you in advance for doing Basel's show today and tomorrow. We'll encourage anybody and everybody to call into your show and have a discussion so it's not a monologue. I wanted to ask you about corn, discuss it a bit. First, however, I wanted to ask this. You went over the Hang Seng, FTSE, and DAX. And in keeping with stock indices, first I'll just observe that the September E-mini S&P contract last night made a high up at 2905. A little bit lower now. It's very quiet actually. But my question is, in your opinion, and as you are guessing, and we're just guessing of course, was that 2905 high last night in the S&P mini? Was that a top occurring right on the full moon which occurred early this morning? I believe so, John. The reason why I'm saying that is that it should have been a lot stronger if it had gone through there. We've been trading at 2910, something like that. Yes, I would think so, but my assumption is that it is starting to roll over a bit. I'm still looking at the June S&P. And as you know, we've been hugging that 78% level for quite some time. And I really believe that's around that 2905 level. And I believe that that's going to hold a little bit. But longer term, I mean longer term in the next couple of weeks, I would be really like to buy a 50-point correction. Remember, we went from 2730 to 2906 without a heartbeat. I mean, it just went straight up. Just tore the shorts right after we hit that 382 retracement at 2730, the ABCD pattern at 2730. I mean, it was pretty apparent that there was probably something happening there. And to have that big of a move, 180 handles in a matter of six days. I mean, that's telling us a lot of strength in that market. So I'm short, but I'd be willing to just get a small profit on this if it does work because this doesn't look bearish right now in the stock market. Longer term, I'm very, very bearish. But right now, as long as it's acting like it is, it looks pretty good. If we were to drop 40 or 50 handles here today, then I'd have to reassess it. But frankly, it doesn't look like it wants to break that much. It doesn't make any difference what the news is. Fighting in Iran or whatever it is, or Hong Kong problems, the UK elections, whatever the Prime Ministry is. I mean, all that stuff is factored into this. So it doesn't want to go down. Larry, and in keeping with what you've just said, I just share something you had made a point of. And I reshared because I forget relevant stuff. But you had shared in the past 30 days how your Bradley model, the cycle turns. When you shifted the Bradley model by, I think it was six trading days, it was lining up very nicely, which in fact was targeting a turning point the week of June 3rd. And both of you got one. And as I looking at the chart that you've posted in the past 30, 45 days, that doesn't have another cycle turn. I think until mid to late August. August 25th, the anniversary date of the high that we made in 1987. Right. And then also it seems to dovetail with another thing that you showed a couple of times that I'm reminding myself of right now. And that was a cycle, I don't know how it was derived, but it came from Larry Williams. And that also called for a low in June and no decisive turning point top until late July. So if those cycles, however they were determined are having any effects, the message would be, don't be surprised if the market holds up, hangs up, moves higher, something like that at least through June into early July. So I reshare that for what it's worth. So I agree as long as we as long as we stay below that 2905 and the June S&P futures, then I think that, you know, we could have a correction. Just 61% retracement would take you down quite a bit. So this is just a nice 78% retracement. But John, we're seeing some pretty significant divergence between the banking index and also the New York Stock Exchange index and also the Russell 2000. All of those are much weaker, even the Nasdaq is much weaker. So it's only about 50 or 60 stocks between, you know, the S&P, the Dow Jones and the Nasdaq that are keeping this market up. And as Tom O'Brien mentioned on his show this morning, the volume on Friday was really, really, it was like everybody was asleep. But, you know, this all could change, of course, but that's what we're looking at here coming in on Monday morning. I did mention I spoke to Arch Crawford about the conflict with Iran, you know, with this thing. Was that the war thing he was looking at? And he said, no, it has to be something a lot bigger than that. So I don't know if it didn't happen this time or not, but that shooting did go on within two days where he thought something was going to happen. But he didn't think that was big enough to make a difference. Yeah, I was thinking about that myself and thinking that the combination of all those things, Hong Kong, the Gulf of Oman, Britain, whatever. It's put all those together and collectively that seems like a pretty big deal to me. But just back on that, the E-mini S&P, regardless of what those cycle studies might indicate, you have trained me well and it's manifest here and now in this idea that so long as that June E-mini S&P doesn't get over that 2911, that exact to the point 5786 test, I respect that as being a high of consequence. And of course, we get over that and that changes the game, but until then, that's the thought I'm sticking with. I have to agree with that 100%. So Larry, let's get on the corn. I wanted to ask you this. So what we're going to have to do is we have to pay a few bills here pretty soon. But let's start and then we want to come on and spend some time with the corn and also wheat too because wheat's very interesting up in here. So I believe what we'll have to do is we've got a probably musical introduction coming here pretty quickly to tell us that we've got to pay a few bills. And then when we get back from that, let's start with corn and then we'll look at the wheat market and then we'll also take a quick look at the soybeans. And if anybody has any questions, give us a call 877-927-6648. We're on with Mr. Z from the Tiger Dan. We'll be right back, folks. He provides detailed commentary and a summary on the charts and videos that Larry sends out and throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, 6 videos and a full report to his subscribers in just one week. 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Okay, we're back, folks, and we're talking with Mr. Z out of the den here at Tiger Financial News Network about the corn market. We're switching over to that. John, I posted the long-term weekly chart of corn, and as you can see, we're about 12 cents away from the 78% retracement of the high I made a couple of years ago, and it looks like with the move up today, we could be there sometime this morning. What's your feeling here on the corn? Yes, indeed, Larry. Thank you for that. Just to supplement what you've just shown, in the Tiger's Den, I have posted the monthly corn chart going back 20 years. So one can see higher levels and Fibonacci resistance targets and levels just to get a big bird's eye view of it. And I would, before I share just some thoughts about the corn price, I will look forward to what you have to show on the wheat futures, the ZW contract, and potential targets that we can look to for turning point candidates. But on the corn, Larry, first I had to ask, when you spoke into Simonely, since Sylvia's had its roots in the state of Indiana, and since Ohio, Indiana, and southern Illinois is in the heart of the worst hits, corn belt, rain-wise, how many of the, not how many, when you speak to him, to what extent is he telling you, he is in fear of a great number of his customers or people he knows of going bankrupt, because they'll have no crop to sell, or potentially worse, they forward hedged the 2019 crop with these futures, and now won't have any corn delivered against that. What is he telling you, please? Well, what they do, John, his whole program is based on risk control, and when corn went above $4 a bushel a month ago, that was telling the farmers there's a problem somewhere, that's where their profit margin lied right at $4, that's where they did all their hedging. Now, once it goes above $4, they start to, they have to start, they have crop insurance against this to some extent, but those that didn't have crop insurance, what they have to do is they have to go into the futures market to cover that forward hedge, otherwise they're exposing the whole value of their land to a big problem. He said there are a few farmers with thousands and thousands of acres that take that risk all the time, but they actually do that kind of stuff, so there are a few, but those people are very well healed, and they know the risks that they're dealing in, and he said he's been doing this for, I think, 25 years when Rich Anderson first got him into the business, and he hasn't had any of them go tapioca yet, but this could be the type of situation that if it doesn't improve, could be one of those years where some of these folks run into really, really serious problems with their crops. And, oh, John, I want to bring this to your attention because I brought it to my attention, so for my pay grade to understand it, but it's a simple chart just to look at it. Let me just get this up here to just show you how far behind they are with the crop this year with corn. Like I mentioned, my good friend Dougie down in Benson's, Indiana, he's got a lot of acres, and he's only got about 10% planted, and the rest of it is not going to have anything. So you can see here, as of June the 10th, just a few days ago last week, we're only got just a few million acres. You see what I mean, left to plant? Can you imagine where we were? Look where we were in 2011 when corn went to seven bucks. This comes from Price Projections by Bill Garry that a lot of people use that have been around forever. Bill's been one of the best guys for fundamentals in the business, but you can see they're way behind, and it's just not getting any better. The weather's just not improving. Yeah, and I'll just to that point, as I mentioned, a swath in the eastern corn belts, basically all of Ohio, most of Indiana down into southern Illinois, and that is just, I mean, there's just millions and millions of corn acres there, and it has been incredibly wet, and unfortunately, the Monday through Friday forecast from the National Weather Service is for another one to four inches across that whole region. So what's already bad in terms of waterlogged soils, either on planted acreage or planted acreage that's now drowning will get worse in that area. Now, of course, that's not the same as out in Nebraska, but this area's big. I'll share this with you, Larry. I share this with you publicly, because I find it helpful just to remind myself, because I often forget, here we are in the corn market dealing with the expectation or the hope coming into this year, that 90 million acres will be planted, and they're not going to get that many in, and then what the yield per acre is coming out of courses is uncertain. So with this set of parameters, I remind myself this, when I am trading the these corn futures, I am not, I repeat, I am not trading corn. What I'm trading is the market guesses of what the corn crop size will be, that we won't actually know the answer to until December. So we're not trading the physical stuff, we're trading guesses, and what I also remind myself about is this. When we get to the points where a key metric that people in the trade look at, and that is stocks to use ratio, and that is you grow the crop, you put it in the bin, it's an inventory, then you consume off that pile of stuff for the next 12 months. Well, when stocks are ample and the crops were big, prices low. When the production slips and stocks to use falls, say falls under, or ending stocks, pardon me, ending stocks to use falls, you get to a point where price, where inventory, or ending stocks to use declines on account of a smaller crop. You get to a point where as that declines, price rises but not linearly, not in a straight line but goes exponential. So we're dealing with guesses of the future crop and the guesses are coming way down. You mentioned that idea, 166 bushels per acre was the gas for yield per acre and 3 million acres unplanted. Well, as those guesses come lower, like not 3 million acres prevented from planting, but 5 or 10, and the yield guesses go lower. You get to the point where that translates. Oh, John, we've got to take a break. Stay with us, we'll be right back, okay? Sure. Talking with Mr. Zee from Tiger Financial News about the grain markets, particularly corn, we'll go to wheat after that. 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Distributor, foreside fund services, LLC. The Bull Bear, binary option hour. Next on TFNN. Okay folks, we're talking with Mr. Z. John, let's take a quick look at this wheat market. As you can see, it's been a lot weaker on a relative basis compared to the corn, but we're up here against some really strong 61% resistance up in here. And Simon only told me Sunday when I chatted with him that they were already starting to sell Minneapolis wheat on Friday, that that looked a lot weaker. So any feeling on the wheat market here? Larry, I'm glad you posted that. What's the number? 543? Yes. 544 was a 618. Yes. Yeah, this, Larry, the wheat, the Chicago wheat contract, of course, it is following corn higher. The supply demand balance situation in wheat is less bullish than corn. And as a speculator, I'm right with you when saying, hey, if I want a top pick, I want to go after this Chicago wheat contract first, because if we do get a turn in corn, you'll get a turn in wheat, and wheat will likely fall harder would be my guess. So I'm glad you shorted wheat, Larry, at 544. I missed it myself. It's a little bit lower now. Well, that doesn't mean very much. John, tell me what you're feeling on the soybeans here? Yeah, let me, Larry, I'm sorry. Let me go back to corn and just make the point that I have not gotten to in that last segment. We're at a point right here where the market buyers and sellers are guessing this year's crop size. And of course, that's a moving target that we don't know. What I want to share with you this concept, and I remind myself of this daily, as conditions are worsening and not improving. If we get, if we go from a crop size guess that we have today, and if we go just, oh, 100 million bushels smaller, that's the guess in a couple of days time, we're at a point where the calculated ending stocks to use figures are to the point where that decline in guess will generate or just. Sorry folks, I think we've lost, I don't know if you folks can hear me or not, but I think we caught, we must have some good. I think we lost. They probably have Bart, but they haven't told me yet. No, I think we lost John. I don't know why, but thank goodness he tells us about some of these things because they're very, very important. But you got to be really careful up here in these grains folks because of the fact that the whole world is bullish, you know, on these things and that's usually when, when things change. I can remember in 1976, the crop was so bad that they said the only soybeans were going to be in the Smithsonian Institute and they went down the limit five days a row following that report. So, you know, it's really, you got to be really careful, but corn is really a big problem folks because if they, they can, they can move that quite a bit. And believe me, these tariffs have nothing to do with it because China is going to have to buy from somebody. And, you know, they, they, South America can't feed all of China. So they've got to come to us if they're, if they're going to need it. And some of that stuff that's going on with these games that they play is far, far beyond this old Cowboys pay grade. So I don't worry about it too much. Let's talk just a little bit about the treasury markets folks. I have probably gotten more information. Let's put it this way on this treasury note and treasury bond trades that we put on, then just about anything I've done here for TFN in the last 12 years. And I've had quite a few of them, of course, but this is one that is really interesting. Let's just take a look at this treasury note. I'm going to give you my two cents worth here because Tudor Jones came on the air or Bloomberg, I guess, and said that, you know, he was looking for zero interest rates in the treasury notes because we were going to go into reverse. It was a severe recession and that was going to be the format for doing it. But let's look at the look at the divergence here that we have in the treasury notes right now. You can see the the blue line. This is the TLT, which is the ETF for the treasury notes. You can see the treasury notes went into new high ground exactly again at the 61% retracement in the June bond. Excuse me, the September bonds at treasury notes at 127.21. The previous high was 127.20. You notice we did not make a new high in the TLT. Go back to where you were in August. If you'll notice down there where the TLT did not make a new high in August, but you see the blue line, the jagged line there, that's the treasury notes. The actual largest of all the futures contracts traded open interest of more than $3 million. And it did make a higher high by substantial amount and they didn't do it in the ETF. So whether that means anything or not, I'm not sure, but even more important than all of that is that when markets get near highs and lows, I always watch for what's going on with the open interest. And for the last two weeks, we have not seen big increases in open interest and treasury notes. Just on the other hand, we've seen decreases. So that means players are leaving the market, folks. Let me explain to you what that means. You own a leather shop and you don't have any leather to sell. You're out of business. So no matter how many people come into that shop, you don't have anything to sell them. So there's got to be people that are going to have to come into that leather shop to buy things and bring their own leather because if there's no products, this thing's going to go the other way. The whole world, well, not the whole world, but a lot of the big boys, you know, Stanley Drucker-Miller and Paul Tudor-Jones, you know, those are the ones that, you know, make you want to realize that that's what's going on. I haven't done anything on the gold yet. I will, Tucker, coming back from the break. I do want to cover that, but the treasury notes and treasury bonds are very important in here when you got big hitters saying it's going to go to zero. That makes no economic sense to me. These guys are a whole lot smarter than me, folks, but just my own grandpa, man, he'd ever went past the fifth grade, but he was one smart son of a gun. I tell you one thing, he would never give his money to somebody and that person charged him for holding it. That's not going to happen. He'd keep it in his mattress. But anyway, let's, we'll switch over here to the gold market. Gold, there's one really interesting chart here that we should bring up. This is from stock charts and I want to bring this up so you can take a look at it because it's a really good idea at what happened in gold. You had that big move up. I covered this in the newsletter extensively because of the platinum and silver relationships, but you'll notice that shooting star pattern that was there. That's a pretty important one, you know, to look at it and we broke down pretty good. We've rallied back $10 today. The 38% retracement on that move comes in at 1347. If it's bearish, it's not going to get much above 1347. It gets above 1350. You know, we could be looking at new highs again Monday or Tuesday, but frankly, the charts on platinum and the charts on silver, they're not very conducive to thinking precious metals are going to go anywhere. 877-927-664 grade. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. After the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed, and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step-by-step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. To get a competitive informational edge in today's markets, TFNN Newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk-free for 30 days. From all aspects of the markets, including stocks, bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com Educating Investors Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave Sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two-week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter, the opening call today by visiting TFNN.com. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back, folks, and I posted a chart from Stockcharts from an investment company showing this thing with the gold. The second one that I posted is from Jim Flanagan of GAN Educators over in Santa Monica, California, one of the premier GAN guy that I know. And he's basically showing the chart of home stake mining. It really shows the high of the stock markets, September 3, 1929. You can see the stock sold off and then it went. You can see the percentage, what happened to the gold market at that time. Folks, this is one of the things that Tudor Jones thinks could possibly happen this year in the gold market. That if interest rates go to zero, the move to physical assets will come back and gold will review its preeminence. Now, I don't know if that's going to happen or not, but that might be a theory that goes on. I don't understand negative interest rates and I don't pretend to, but all I can say is that I'm just looking at the charts. But anyway, that's what we're watching here in this gold market to see what the next pullback is going to be. I'd love to be able to see it. We'll be able to see here what's going on here. John, you did a great job with the corn. Believe me, you did a wonderful job. We got cut off once, but it's great information and the people certainly appreciate it. So don't give up just because we lost a little bit of downtime because of that time from the phone going out. But all that stuff you talk about is very good. And you've got to be prepared to see what's going on. We hit some pretty stiff resistance there in Christmas corn at 472 today. And we're down just to 468 right now. We'd stand out about a dime from the high, but I don't believe negative interest rates. That makes no sense to me. I don't even know, but you can see what happened to home stake mining. It went ballistic and that could happen to gold. And I do believe if we get above 1375 in gold, you certainly want to be long some gold. And believe me, silver is going to be pulled up too if it gets above that also. The key to watching is the platinum this week because we've got a chance for a really long-term weekly test down at the 978, I believe. So keep an eye on the platinum. We'll be right back and I'll see you folks in the flip side at noon. I'll be covering for Basil Chapman. Not an easy task, folks. I'll see you next week.