 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you're around in problem with us out here. We have the down industry is up 64. And as like a big S&P is up 7.5. Gold contract of $2.10 at $1,508 an ounce. We have silver down 4 cents, $17.84 an ounce. Light switch crude up 39 cents, $58.52 a barrel. Notes and bonds, you get the 10 year down 2 ticks, $129.17. 30 year up 1 at $160.17 and $Kingdala. $Kingdala up 323 ticks at $98.17, $Kingdala. The Bulls and Bears now, we're going on the, well we're in the 11th month, the 12th month of fighting about 2 or 3 points. Last October, the bottom line is that year at $96.97, we've been fighting over this area for a long period of time. Euro, year is at about 10, the yen is at 108 and the pound is at 124 to 1 US dollar. So, let's go over to good old Roku, we're just talking about Roku here. So, R-O-K-U I think. Correct. So, let's just see what this is doing here. It's technically first and we'll give you a couple updates of what are some of these analysts, one in particular evidently. So, let's come back to fill the gap. So, Roku's gone from 176 to 121, that's pretty intense. It sure is. 12 days. Better be a heads up, yeah. 3, 6, 10 days. 10 trading days. You know, you get a gap out here, well let's see. So, we had an ABC down, right? Let's see, that was 34 million and you take it out with 38. Okay, so that was a small ABC down, that's 176 to 139, so we get, what, 46 points, right? Which would get you, oh, that's interesting. So, that's 108. And, yeah, you're going to the gap, 103 is the gap. So, what are they saying about it? You have one analyst, right? We'll see what they load up here. Well, first you had on Wednesday, here, I'm just going to jump back because I had the articles. I'm not just on CNBC. Right. Let's see where we're at here. So, on Wednesday, you had this, which one are we on? Here we go. This is going to be an analyst saying that streaming devices are going to zero. So, you already have Direct TV, I'm just trying to find because we have multiple articles up here, that Direct TV for their Xfinity Plus customers, here we go. So, Comcast, not Direct TV. Comcast is going to be giving their Xfinity Flex streaming boxes to its internet-only subscribers. They used to charge $5 a month for that. Okay. So, they're just giving you the box that you need to stream, and that's where Roku sells. So, how are you in a business where you're trying to sell something that providers are given away for free to be on their service, right? Which makes sense. So, that's one article out there. And, of course, once you have the box, you can be on any streaming that you want. It just happens that you're paying them for the internet, right? You know, I believe so, but I don't know what this box is. Okay. You know, I don't. Maybe that's where... Maybe they've tweaked this box before they gave it away for free. Okay, right. I'm just guessing that might be the case. But also, I'm guessing that, yeah, you might be able to get Netflix and YouTube and something like that. Right. Maybe you don't have the selection of choices, though, that you do have on a Roku or something like that. Yeah. That's very easily loaded or comes pre-loaded. I don't know. I'm not familiar with the Roku. It's always befuddled me a bit as this stock has skyrocketed, saying, you know, the same thing. Amazon has their fire stick, right? I mean, I don't want to be in the business with competing with Amazon's fire stick just on the set-top box. So this one illness will get to the headline because it's pretty, you know, initiates Roku with a sell. Cost of streaming device is going to zero. And, you know, you look at that chart, man, to jump back. I guess we jumped away. That's all right. We're going to put it right back up. I think I have it up here, right, as well. Yeah. So here's a little bit longer timeframe, man. We went back like six months. You go back to December of 18, and you're sitting at $26 up to $176. So there's this gap you were just looking at, right? Yeah. But, man, there's this gap you took off. That's right. There's this gap when it took off the first time. You know, it's been a nonstop run from almost 12 months. Right. 26 to 180. Let's see what kind of revenue they take in here. So... When you're just selling... I'm with you. I'm with you. It's... Oh, it's intriguing. But they've been paying up for it, evidently. So... Yeah. They're losing money across the board. They're still in a loss, though. Yeah. Big time. So they're taking in a billion a year, 1.1. But guess what? There's just losses going forward. And so it's interesting that they have revenue from quote-unquote platform versus players. So they are monetizing when you're in there, which would make sense, right? Okay. Maybe they have advertising once you're within the set top box. Okay. And then there's somebody that can break down exactly how they make their money because they're pulling in revenue, man. Right. And they're growing. And they're growing, but they're losing money across the board. Right. And if they're going to be losing money and they're going to be competing with the likes of Comcast, Amazon, and Apple, you can't lose money and compete with them. No. Because they can lose a lot more when they compete with you. Exactly. Let's get over to the gold market from one of our tigers and take a look at First Majestic. So First Majestic is AG, folks. This is a silver mine of low for the years 459. The high is 1162. And most of these came back to you. Breakout area. They did it with lighter volume. You're going to see that three months ago, the stocks trading at 549 goes all the way up to 1162. This is really a highly volatile stock. I know. I was going to say, you want to talk about volatility. We'll get some volatility again there. Seriously. So let's see. Okay. So the question is, is it close to bottom? And yeah, I think they, to me, all these gold equities actually did basically bottom out. I think we're going to have to build some cause right now. You can see, now, it would have been sweeter, like on this, well, you can argue two different ways. What I like to see is that I like to see it come right back to the breakout area, which is, in this case, $7.90. But this had such strength. When it broke out, it only, it went to the third day up, which is still the highest volume day, which is 920. You had 11.5 million shares. You went into that with 5.9. And then what you did do, which is, this was a big day on Wednesday. You can see all, most of the equities in the gold market did this. They had volume, yet they couldn't break their lower swings. And basically, by the end of the day, they were actually pushing higher. So my take is that I don't expect these things to go rock it right back up. I expect it's going to frustrate people for two or three weeks, go crazy, drive people crazy. It's the normal type of market. That's how these kind of things kind of normally shake out. If we go into the gold market itself, and we take a look at it, what you're going to see is that it's basically set up the same type of pattern. We've already been going sideways for five, almost 10 trading days right now. It's done its work. It's tested. It has light of volume on the test, and we'll see whether, you know, next leg can it get some action? That dollar index, man. Tell it, yeah. It's just amazing. You know when I did a gold workshop the other night, right? Watch this, folks. This is absolutely amazing. So I was going through every major currency, and the only major currencies that gold is not at higher price is the Swiss franc and the US dollar. And it's pretty impressive. I was watching the webinar. I was like, don't forget the Swiss franc. I was like, don't forget about the dollar because that's a lot, right? It's a lot. And as soon as we come back, I'll share these folks. It's impressive, man. I mean, it's like, you know, no matter what country you're in, you know, if you were buying gold, you scored in a huge way. I'm going to put up the Aussie dollar here for a second. You'll see how dramatic it is in the Aussie dollar. It's like pretty amazing. Stay right there, folks. Tommy and I are coming right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Folks, and we were talking about the aspect of basically how strong gold has been against currencies in the world. Now, what we have up here now is the Swiss franc. Swiss franc in the U.S. dollar, that gold is not at new highs, and those are the only major currencies in the world. Sorry, Jim, I was just going to eventually get back to that Aussie dollar, because the chart never loaded for them. Let's put it up. AUD. What do you see this, folks? This is like amazing. A lot of them are amazing, actually. It's taking a sweet time. There you go. So you got a weak Aussie dollar that's going to cause the price in relation to the gold when priced in Aussie dollars. Right. And, you know, our... So when our all-time high was at, like, the 1970, Aussie dollar was 1827. Yes. And then last month, you hit 2307. Yeah. So, I mean, 1827, not far off from our high of 1920s, 1927. And the equivalent to it, yes. When the currency for currency at that point. If currencies were equal, as in the U.S. dollar was still just as strong as, in this case, the Aussie dollar. Right. Then you would see gold trading at 2300 or so dollars. Right. Yeah. So watch this. There's something that I haven't figured out yet. Maybe we can all get a collective mind put together on this. Not on this one here. This one here is the Canadian dollar, but I just want to show you the Canadian dollar. So the Canadian dollar, folks, the all-time high was approximately prior to this, 1902. Yes, 2011 high in gold. And then it hit 2066. Okay. So watch this one. This is my, I'm trying to get my head wrapped around this one. And it's not, it's not there. That's for sure. Oh, no, no, I didn't want to do it that way. I still wanted to. Okay. So, you know, I've talked plenty about the aspect of when you have different countries, like when we had the run from 2000 and two, up to 2006, what had happened is that there was plenty of Canadian companies, large gold companies, right? That were not performing. Okay. And what people didn't take into account for, and it was really wild, is that the reason that they were getting hit is that their expenses were going up astronomically, because the Canadian dollar got so strong. Okay. Okay. So now we're going to reverse this. So, you know, when you're buying South African equities, the bottom line is that they're going to get $20,000 and they get paid in U.S. dollars, right? So I can't quite figure out why these, you know, like, comedy's pretty good, but it's not, certainly, it's at lows versus highs, right? So when I look at the RAND, I'm looking and I'm saying to myself, well, this is kind of weird, man, because the 2011 high and RAND dollars was $14,742. Yes. Right? Now we're up at, it hit $28,000. Double. Yeah. So I'm saying to me, okay, there, here, let's bring up comedy. So if you bring up comedy, this is strictly a South African company, okay? They have 32,000 employees, they get paid in RAND, they get, the employees get paid in RAND, they... The revenues and dollars. Thank you. Okay? And you know, listen, it's a good-looking chart, but it's nothing like if that, the effect of the expenses is, you know, where it is right now in RAND dollars, it would seem that, you know, they should be a lot higher and they're not. Yeah. I mean, they can hedge a lot, right? There's so many factors that go into how that plays. Oh, there is. But, you know, I don't think you can get any ideas. Let me know, man, because that to me was glaring when I was doing the webinar. Sure. You know, I says, hold it, man. You know, that should be, you know, a lot more. Yeah. But even if we take the yen, which is... Well, now we're on harmony. Oh, sorry. Yeah. Which is, you know, the people, you know, they consider the yen a very strong currency and, you know, currency that they will go to in safety. But even the yen, when we bring this back, as you're going to see that, that even... Yep, we just peaked out above. Yeah. And this, the yen is totally different anyway, because it's like, if we go back to the first, we were at 149,000 yen. Yeah. Then I went to a higher high of 158,000 yen. Yeah. And then this month, we hit 166,000. Yeah. You know. So, you know, we'll see where the whole baby goes, but the point more than anything is that if you are in those countries and you had bought gold and your currency, well, you're in really good shape, you know. Sure. Really good shape. No doubt about that. Let's take a look at some of the high. Oh, yeah, because we get the option exploration today. Quad-witching. Yeah. Right? Quarter high as well. Yeah. So that's... Yeah. We got Apple jump in there up a little bit. I think they're pushing out their iPhone 11 today. I think Tim Cook was in front of one of the, maybe the Manhattan iPhone store. Okay. They got lines, of course, you know, seeing the headlines. Not that it'll have any really good headlines. Let's see. Now, lots of headlines for Apple. What is this? Millions iPhone, excuse me, wanded against upgrading to Apple's iOS 13. Let's see what this is. Okay. So early problems include apps that crash randomly, signal dropping off and pictures being assigned odd dates and times. So they came out with a new operating system on iOS, their operating system. Now, what this consensus is when you get these types of things is to let them sort out for a week or two. Don't really be so keen to be the first person to download it because there's always issues like this. So what'll happen is there'll be continual updates every night as the programmers at Apple are figuring out now that it's in the masses hands what's going wrong and they'll get this repaired in a week or two or something like that. So this is iOS 13 13.1. Right. Yeah. And look, by September 24 and what are we sitting this is the 20th right now, so four days away. That's kind of the point that they're quick updates and I don't believe that they're usually anything that can destroy your phone or so forth, but you really don't know. I mean, they're new, they're the pieces of software that get rolled out and you know, this is iOS 13. So no confusion when they go from 13.1 to and they actually have a new operating system for iPads, which is the first time that that has been done a while. Really? And that actually wasn't immediately available with the iOS 13, so it seems like that was having even more problems than the iOS for the phones. So maybe they have a few, a few hiccups that they're working through. Couple of glitches and I don't. 877-927-6648 let's go over to the King Dog Amazon see what's going on. And you know, the vans, you know, it's so cool is that I guess they have some of these out in the street right now. The journal had a picture in the paper and it's like, it almost looks like the ones they have now. So I don't know if the ones now are electric or not, but Tesla's look just like normal cars, man. It's just what's under the hood. So you trade 1820, we've been here for almost a month, right? And okay, October 24th. Hey, it's a month away. I know. I know. And I had, I did see, I had one article up here where are they? Amazon. So this is an interesting headline we talk about. They're building their own carbon neutral UPS Bank of America says. So we know they're building out their delivery network, but they're going to do it one up and they're going to do it carbon neutral. Good. Which is great exactly. We better not sleep, folks. Seriously. Stay right there, folks. Tell me now. I'll come right back. Hey, folks. Tom O'Brien here. If you'd like to get my daily newsletter of Market Insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's trading action. Included in Market Insights are stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk-free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted for my daily newsletter. 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Get your copy of The Art of Timing the Trade Charts today by visiting tfnn.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of tfnn.com Folks, that was up 85 Nasdaqs up 11 S&Ps are up 23 Trades The Art of Timing Motivatedblics Did get you get spikes in oil that You always have someone blow up because a spike of oil because he had not caught before that he might be in the money right like you've got So I wonder how that, you know, it seems like there should be checks and balances in place. Exactly. Corporate governance style. He was only hired last November. Yeah. So it's not like some 20-year veteran that somehow they gave enough credibility to that he had his own accountability. You don't want to give people who are with your company less than a year the ability to have $320 million losses. And this started, so he hired in November, he started to doing these unauthorized deals in January. Well, he was selling into China, folks. I'm not quite sure where he was, oh, he was located in Singapore selling into China, okay? Now watch this. This is what's crazy. Tommy and I were just going through this a little bit earlier. Well, this one here, this is just a... The rogue trader. Top 10. Yeah, top 10. So let's see the 1994, look at that one, man, $1.2 billion. This is all oil. Yeah. 2004, I can't even, the first one, I'm not sure how to even... Yeah. Metal, just sell shafts. Yeah, that was a German company, AG. So 2004, you had $550 million on the one, 2007, oh, that's cheap money, $61 million. 81 now. Yeah, 81. 2018, oh, look at this one, $6.56. That's a blip on the radar. And then 2019, Petro Diamond, so now we'll get another one. So what happened here, now this is what's really wild, is that this guy, yeah, he was a guy, okay, was bullish. And as the, what did it say, they caught on to him when he went on vacation. That happens a lot, do you know what I mean? You know, you leave your desk and then all of a sudden someone else comes in and says, holy man, something's not right here. So large losses from derivatives trading were incurred since July as the price of oil dropped. Yeah. And the unit began an investigation into the transactions in the middle of August when the employee was absent from work. And oil had dropped 16% from its July peak of $67 to a low of $56.23. All right. He only needed a few more days. Not mammoth, though, right? Not even mammoth as in, you see bigger moves. I mean, they're probably saying that they're lucky that oil didn't fall to 45 before they caught it. Right. Because man, oh man. And it's the leverage. So I guess they, right, they closed the position once they realized it could result in losses for the company, probably once they realized they could wipe out the whole company if things went bad. And yeah, they made $6 billion last year. So they'll be able to incur it. But still, you're talking about, what is that, 5% of their profit overnight, just gone. And that would be, I think investors would look at it, what are the compliances? Like, you know. I agree. That's what I said. You know, it's one thing if you're- You hire them and like take it to cleaners in six months? It's one thing if, you know, your chief operating officer, your chief something officer just ends up being a bad person that, you know, there's only certain things you can do. If you're going to be able to be the person that's in control, it shouldn't be the person that's been there for a year. Where is their boss? Where is their check, like you're saying? They're having those meetings, I imagine. Yeah, slightly. So Microsoft yesterday, this thing, man, I mean, this is no doubt been on a tear. They're going to buy $40 billion back. And you know, guess what? You're at all-time highs. Yeah. And they increased their dividend, too, up about a nickel, I think, for up to $0.51. And you can see the growth in this company for a month, the company is just amazing. It sure is, man. 2020, how about $140 billion in revenue, man? Look at that, man. Yeah. I mean, what's staggering is that you go back to just even 2017, they're making $96 billion, not making, earning for revenue. And they just gave back $40 billion to their shareholders. I know. Of their revenue from 2017, that's how much money they're making. And let's just see. So they're going to make, we'll call it Bar Park, $5 a share average between 2019 and 2020. So how much, how many shares they got, man? Well, that's- $7.6 billion. Yeah, multiply that times five. So it's basically one-year earnings. They're making $35, $40 billion a year, straight-up profit. And they just give it right back, man. What happened to all that investment, you know? We give them tax breaks. I thought it was all going to mean to job creation and not just lining the pockets of the wealthy shareholders. Yeah. So much for that. Not even close. Yeah. And they're growing by 11 percent, folks. They have a company that is doing that type of revenue. And they're growing, I believe, yeah, the United States and internationally, 11.4 percent in the United States, 11.2 internationally. It's nice. I mean, look at that diversification. 50, 50, half in the U.S., half abroad, man. It's pretty impressive. Yeah. And I just, the business model, Baz and I were talking about it a little bit yesterday on the show. I mean, it's just they really turned the company around, man, with that run. I mean, so check on you. And every, you know, it's interesting is that it's not, I mean, we use them on that cloud. But it's very inexpensive. I feel like it's inexpensive for what we get. Do you know what I'm saying? Yeah, I would agree. Yeah. I was discussing a bit in terms of, where are we on a 20-year? No, not on a 20-year. I'm going to add this. I think it's $99. You get up to five licenses for a quote-unquote family plan, and that includes everything from outlook, Excel, PowerPoint, not to mention, then you have, as I pull this up, then you have, we'll put it on a monthly, because, man, they went through a time, though, where it was a little dicey. Oh, there's no doubt, man. The move to the, you know, look at that. I mean, look at, from $99, right, you're at ballpark in $60. It took you, until 2016, 17 years, to get back to there, and you had to weather a 75% haircut down to $14. And was that in 2008? This was in, beginning of 2009, but their collapse did go from 40, where are we? What's the high up there? Let me get. High of $37, down to 14, from the beginning of basically 2018, so more than cut in half, even that year. You know what's amazing, folks, is that you can see, you know, when there's no liquidity, you can have great companies, but it matters how much money is chasing how much paper. Yeah, and I don't think they were a great company, though, this year. They weren't. I mean, that's where they really transitioned to, they brought in Satya Nadella, right? Yeah, you got rid of them. They bomb are, right? Yeah, right, right. I mean, that's, I mean, he was a CEO for many of these years. Oh yeah. It's a tough run, man. Oh yeah. But they really changed things in terms of recurring revenue. Now they have all the Windows notebooks that, I mean, it's not easy just to become a hardware manufacturer. And they did it, like tenfold. They grind them all down, folks. That's, you know, that's no doubt a business plan. Yeah. Oh, did you see, so check this out, Stripe, two Irish brothers, right? They're going to basically, they're going, and we use Stripe now, when we, you know. They're one of the payment processors that. Look at this, man. I mean, these guys sold their first company for $5 million when they were teenagers. A decade later, the startups valued at $35 billion, making them Ireland's richest entrepreneurs. So they. 29 to 31. Yeah. So they got a net worth of $4.2 billion each. Right. And so they're making it to the $500 million. Now I feel like I've seen this headline even already because they've been around for a while. They have. They have. They raised an additional $250 million in their recent round. That pegs at $35 billion. But we'll have to look up because I'm pretty sure they've been billionaires for years upon years already. Yeah. No, I think they have been. Now they're just more billionaires. I think they're the richest. That's what they put them. Even, yeah. Stay right there, folks. Tommy and I count right back. If you are in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. That same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. If you'd like more information about the Tiger First Mortgage Program, you can call me at 877-518-9190. That's 877-518-9190. If you haven't checked out the Newsletters page of TFNN.com, what are you waiting for? 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Yeah, so I just started googling, because I swear I've seen the article and you know, the press, they're going to love to write about two geniuses that are just plowing their way through the financial world. And so being so young man in this article, they were 28 and 30, that's when it was valued at $20 billion. It seems like both of them have about 12% of the company, so almost 25% between the two of them. And one interesting stat that I saw in here, well not a household name, which I agree completely, they are kind of used to be put at the pipes of the internet, the pipes of payment processing. Stripe said that as many as 65% of adults will have purchased items through its system in the past year, because you don't even know, alright this is going to be something literally that I think Amazon was deploying their technology, so it's everywhere, and I'm sure they have competitors that are coming for them right now. But it was $20 billion a year ago, and they're $30 billion plus right now. Yeah. They love it. Yeah. And the structure here, this is pretty cool folks, because we got the 10-year yield up, it's 1.76 out here today. Now that being said, you're coming back into this Fed Day here? Yes, sure. So Fed Day, we went from 1.74 up to 1.8. Yes. Right in the middle, man. Yeah. Kind of right in the middle. And almost right where we were when Powell started coming on at $2.30, right? Right. Literally almost to the tick, almost where we were. And it's interesting that we're kind of right in the middle of the slide that we saw for the month of August going from, I was just going to say, right? Going from 2 down to 1.42, back up to 1.9, and we're right in the middle of, call it no man's land. Where are we going? We're going to 2, we're going to 1.5, man. Alright. Pick a side. So let's go look overseas and see what we have overseas here. So on the 10-year, France is still at negative 2-tenths, Germany 5-tenths, Italy, oh, look at Italy. Italy's positive by 9-tenths, Spain's positive by 2-tenths, Sweden's negative, Netherlands are negative, Switzerland's always the big one. Now I said to you, right, as in, so you see negative rates in Switzerland, right? So the common sense would be, man, money is so cheap it's negative rates in Switzerland. Why don't I go borrow money in Switzerland at very cheap rates, go put it into a U.S. Treasury, get in 1.7. And then I'll become a trillionaire overnight by this beautiful arbitrage that I've discovered. Problem is, when you pulled up the gold contract, one of the only currencies, you put a dollar in the Swiss, that gold is not at highs is the Swiss rank and the dollar, but stay with the Swiss rank. The reason why that is, if it's not at all-time highs and it is in every other currency, that means the Swiss rank has been a very strong currency compared to the other currencies. So when you see this, right, you can't just go take out money loans in Switzerland, put it into a different yield, because you're going to eventually have to pay that loan back in Frank's. And if the currency continues to strengthen, it's going to cost you more than the arbitrage 2%. And that's why you see some of these. So it kind of brought it home when you showed the gold contract, said, oh, well, that's part of the reason why negative rates in Switzerland, very, very, very strong currency. But US dollar is the other one there, so that's where it kind of throws off, right? US dollar has been very strong as well, and we're still yielding 1.7, which is remarkable. Because they talk about, of course, there's hedges that you can buy for those currencies, and they're more expensive than the arbitrage there. So be aware of that, and that's where that differential comes in. When you talk about currency hedges and currencies in general, some of the largest blow-ups of major public companies has been that. The banks are so good at talking a CFO—I mean, you have to go back to 20 years, but Procter and Gamble have one of the biggest ones. And I always just scratch my head like, how could a Procter and Gamble, a CFO of Procter and Gamble, buy the currency that—it's almost like, oh, you can't lose money. I mean, that's how these things get presented, do you know what I mean? And it's like billions, billions of dollars. But it is what it is, and it seems to happen not a lot, but every two or three years, when a public company blows up with big money, it seems to be a currency hedge. Gold, let's go take a look at the gold market here and see, you know, Fridays on gold folks are always kind of interesting, meaning that these things can really move. Now, we don't have a lot of movement out here this morning, but as we get closer to the end of the day, I expect we're going to, because we had a range last night of—what is that? Like $15, $14? Yeah, $10 range. I guess it's not that big. Yeah, even $8. We'll see what that baby wants to shake out. Let's see if we just trail off into the close. It's been pretty tame after the Fed meeting. It's sideways market. Each time—well, what the S&Ps did yesterday, the S&Ps got to an all-time high and couldn't hold price. The NDX100 failed on price and volume. So let's just go see if the S&P did it again. I'm just going to use the SPI just so we can see where they went up there quickly. I'll put the futures up in a second, but—oh, no, not even close. Interesting. Oh, you know what? They must have paid a dividend. Hold it. Is this dividend day, too? That's kind of weird. Do you see what's going on there? So we're up 61 cents, but, yeah, this is always tricky when they pay a dividend. I don't know if they paid the dividend today, because you can see—yes, they are at $3.02.63 here. I'm going to do the futures. Sure. Yeah. So in the futures, we're still on the U. This is a little—no, I'm not. I think you're right. Yeah. One of the U? That was the U. Okay. Right. What do you have up there? Yeah. Okay. So, oh, they see—they didn't have to hit them. Interesting. Okay. So I got to do the—let me do the cash. Yeah. So this is pretty cool, folks, what just happened here. So first I did the SPI and a question of whether the dividend came out. It's an ETF. Then I did the futures. Yeah. That's like—the futures hadn't even made it to the July high. Then I did the cash. Now, the cool thing here is—oh, thanks, man, CZ is the ex-dividend today. That makes sense. I mean, it's a big difference on the ETF. All right. Because the—good. Yeah. So now this is cool because you should be also looking at the cash, and the cash we haven't broken the high. Yes. The cash, 3027 was the high that was generated out here on the 29th of July. Your next shot at trying to get to the high was September 12th, which was 3020. Today we got to 3,021.99 and then closed at 3,006. So that would be the failure to hold price. All right. We'll see how this baby shakes out today. Yeah. So sideways movement—we will get volume into the close today, that's for sure. How about oil? I was just going to jump on because, man, we got some action in oil. I was looking at the chart, and I'm sure this has to do with a lot of headlines out there. We're warning right now, right, in terms of—look at that pop in oil. So even since 9 o'clock, man—and I think we got some news driving this market, but we traded from 5865. Yeah. These are five-minute bars we're looking at. You spike up to 5922, and then from 9 a.m. until 10 a.m., you fall 80 cents, and then we're right back in the middle of that range at 5874. And so I had seen a couple articles so that it was a sophisticated attack, dramatic impact on the global markets. I know we're going to break. Is this the one? Because they were saying there could have been—okay, some damage. Can I say something talking about that the—those rebels might have had some help. See what I'm talking about in the den? Maybe some insiders or inside of Arabia. Maybe a few of them that were walked up in the Ritz. A little unhappy. What's going on over there? Yeah. I can see that. Totally. Stay right there folks. Tom and I are coming right back. I'm sure 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. 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The summer is over, gold is trading back above $1,500, and the 10-year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning, Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the gold report, sign up today by visiting TFNN.com. Since 1984, Basel Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. We have the Dow up 62, the Nasdaq guys down 1, S&P's are up 7. You want to watch that Nasdaq, folks? And the X100 and the Nasdaq can take this baby south. We were just talking about that oil market, I guess it's moving around quite a bit. What we do have, when we look at it, this is that you get a lot of pitches coming out of the Middle East because they're giving tours over there right now. Yeah, and I'm going to try and scroll up. So here's one of their big towers over here, installation, damage everywhere. And so I think that maybe that spike was for the first time getting a glimpse of the dramatic damage in the market saying, whoa, whoa, whoa, and you saw the spike. And the amount of, it said that 18 different places inside of that facility was getting hit. They had 25 drones and missiles. There was two waves of attacks. They started putting out the fires immediately. And then the second wave, they had 200 people on site. So it wasn't like an abandoned, you know, and of course it's not abandoned, but there are plenty of people there. And maybe that's part of the reason you got a huge spike and then pull back. But oil pretty muted right back to where you've been trading that for the most of the day. And I was going to mention, so you did, we talked about that Gold Report webinar you did Wednesday night talking about gold versus all those currencies. And you can still sign up. That archive is available right when you sign up on your members page. Subscribers out there, you can access it right now. Over the weekend. And if you want to check it out, that archive is available on your members page when you sign up and a new issue coming out for the Gold Report. And you just had an update yesterday with a new buy in there as well, which is, which is still available for subscribers. There's action and we'll see how much action we're going to get into this close. And that, you know, we haven't had the dollar fall apart yet. That's the real bottom line. Interest rates are with us inside that metal market. There's no doubt about that still with us. And I'm just going to point out Nasdaq negative, but you have Apple up a dollar. So what else is going in? Yeah, Nasdaq to be negative. No doubt. Stay right there, folks. We got our man, Mr. Basil. We got a TD Ameritrade coming up next. Then we got our man, Mr. Basil Chapman, Steve Rhodes. Dave White. I'll be back this afternoon. Thanks, pal. Thanks, man. Hello, Adam, folks.