 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. Let's go to Eddie and Bookarton. Hey, Eddie, what's going on? Hey, Tom, how are you, man? I'm doing great, man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day to be there, to help you, to guide you. And even to give you some peace of mind or like that somebody else is there with you while your training is crazy market, either up or down. Well, listen, we appreciate you growling and prowling us out here, because we wouldn't be out here, folks, if we didn't have all you guys, gals, tigers and tigers as clients. And, you know, the market teaches you every single day, man. Welcome, folks. This is Tom O'Brien of TFNN. We go 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. Hope everyone's having a great day, safe day. Let's make it a great night, folks. Let's take a look at one of our four agreements. Release the need to be right. When you believe something, you assume you're right. You may even destroy relationships in order to defend your position. Let go of the need to defend your position. Market-wise, let's take a look at it out here. We have the Dow Industrial's trading up 112. Dow Industrial's trading up four. Nasdaq trading up 112. S&P's up 11 and a half. Gold. Gold contract down $19.80 trade at 19.25 an ounce. We have Silver down 34 cents, $22.67 an ounce. Light Sweet Crew down three bucks. Trading at $69.52 a barrel, notes and bonds. Ten-year note. Down 16 ticks, trading at 112.25. The 30-year off a full point. Plus two ticks at $12703 and King Dollar. King, excuse me, folks. King Dollar is trading up 314 ticks at 102.386. The euro is at 109. The yen is trading at 143. And the British pound is at 127 to one US dollar. Our phone number's 877-927-6648. Give us a call, folks. I want to know what's going on in your world and the world of the S&P's. Let's take a look at it. What do you have? Well, we'll start with the futures again because we do not have a high volume low out there in the futures. But I want to show you, I want to repeat what I just said in that update. What you do have is this. Is that, you get a few minutes. We got like, yeah, you don't have many minutes there to get underneath this number. For, 44.18 is the number, folks, okay? You're at 44.20 right now because we took it out. You took it out with light volume. We did 28,000 contracts here versus 45. But you can see intraday here, what we did is that the first leg down, that's when we got into the price point of 43.98. And what we had done there is that we did 46,000 contracts, right? And then when we went higher, now what you're doing with time in the trade, you're always going against what, well you, when we bounced, you're looking at the high and say, okay, what are we going against? So the 44.17, which was 28,000, was going against 45. And that's why you had the failure there. Well, we came back down, okay? Now we came back down, you had 33,000. So you can see the contraction of volume and it was pretty dramatic, 33 versus 46. Now that being said, if we get below this 44.18 you have a high probability that you will go try to whack the 44.02. Because what we do have is that you can see all the volume is still at these two down drafts. So it's gonna, the volatility bottom line has been much slower. We're in summer trade and bottom line, we've had a higher load today of 30 S&P points when 30 S&P points a few weeks ago, we could get like, and a heartbeat. But we'll see where the baby shakes out. We go into the NQs, the NQs are exactly, well yeah. Now, no, let's do the spy because the spy we have with the spy out here, it looks like the spy, you're gonna have rejection of lower price out here today. You're gonna have lighter volume. You got down to 433.60, you're at 436. You can see the contraction of volume is pretty dramatic, 46 million shares, that 46 million was going against 95. That's saying that, hey, guess what, man, the highest gain once again, which is pretty wild, but that's how this is reading right now. I mean, unless we just fall apart at the close, but that's how this is reading. We go to the gold contract. That gold contract, you know, it's tricky, but the bottom line is that you have two separate ABC structures on the way down. You know, the first one that you have is a 1902, the second one is 1875. You know, you're down $19.80 out here today and that bottom line, it's not that bad with the dollar being up 300 ticks. The 300 ticks on the dollar, we'll go through that in a second. You know, isn't putting pressure on the S&P, which is unusual, but the bottom line isn't. You can see that, yeah, you have a contraction of volume here, but that being said, this thing wants those bars down there where we came off the last low. So the last low in this contract is 18, yeah, 1846. The next low after that is the 1848 and you know, the bar where the strength started is 1867. So my take is that that's the bottom of the bar, the top of the bar is 1908. So that's saying to me, that's the bar that we're gonna trade into. Notes and bonds. Now, to note and bond market, bottom line, you're pulling back today in the 10. That being said, the pullback on the 10 is with light volume, you know? So this is gonna be a rejection of lower price once again. Well, it hasn't rejected yet. We're at 112.24. And the rejection, well, you got to 112.21. You like the bottom seat, well, you like to see it higher than that, but the bottom line is that you have a huge contraction of volume. We have 1.2 million contracts going into 1.7 as well as 1.9. Oil. Let's get to the oil market. Oil wants a lot lower price, man. That's the bottom line. They're trying to keep this thing up, but everything they try to do, they just can't get done. You know, this thing, now we have, we got one, one, two, three. You get three higher, lower highs. Let me make sure of this. One, two, three. You get three lower highs. Right at this point, you only got one lower low because what happens is that I can't start all the way back because I got to start at the high. You get big volume coming in. My take is that what you're gonna see here is that you are gonna go down to the bottom of that consolidation. And if we get over to the dollar, you can see what that's happening with the dollar. This dollar, what it came out, what it did today is that it got down to the price point of 101.9.21 and bottom line, I rejected it. You know, we're at 102.387. Yeah, 387. Now, the market hasn't reacted to that today, you know, because normally you get something like that. You just have that SAP go south like ASAP, but it hasn't reacted to it. Some of the higher volume equities, although no, let's go to Silver. We take a look at the Silver market. Inside of the Silver market, what do you have? Silver hit 22.51 today. You know, I did these numbers. These are the ABC Dow too, somewhere into the 21.30 area. Stay right there, folks, come right back with our man, Mr. Tim Ord. Dow, Dow Industries right now trading down six. NASDAQ is up 109. SAPs are up 11.5, 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. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. 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Tim Ord, what's going on? Well, thanks for having me on again. Actually, I sent you over four charts. Hope you got them. I have them. I have the first one up right now. Absolutely. All right. All right, chart one is just kind of short-term analysis. And we got out on Friday and we got back in yesterday. I thought the correction may be a little bit bigger, but it's probably ending. But anyhow, in a nutshell, going into last Thursday, we're up six days in a row. Right. And market does a lot with momentum. I'm starting to look at a lot of different type of things and momentum kind of rules a lot of different, well, actually kind of rules the stock market. Yes. But anyhow, if you get the market up six days in a row, within five days, it'll be higher 83% of the time. Wow, that's a lot of stuff. Yep. OK. Yeah, so last Thursday, the market was down Friday, it was down Monday, down, no, Monday was a holiday. It'd be down Tuesday, down Wednesday. But anyhow, on this pullback, we're starting to weigh on you. You're up six days in a row. The market's supposed to be higher within five days, 83% of the time. Well, five days is Friday. That'd be five trading days. So either the market goes to the bottom today or tomorrow. Yes. It's a rally going. So anyhow, the market did pull back. And the only time you really want to buy, if you start seeing panic in the market, if you don't have panic, then you're not going to have a bottom. And on Tuesday, the market trend closed at 1.71. Anything above 1.2 is the center of panic. And ideally, if I could see down to green minus 200 or greater, we got 177. That was close. And there are some rules that I kind of developed over the years with that. When you get that kind of combination where you get a trend above 1.2 and down to greening below minus 200, then quite magic. But usually, start looking for a low within the same day as readings to us two days later. OK. Well, so two days later, it would be Friday, a day later would be yesterday. And it's one of the reasons why we got bicycle. And yesterday, we had a 1.38 trend reading. Well, if you get two days, if the market's an established uptrend, which I define established uptrend is when, on a weekly timeframe, if the market is above mid-Bollinger ban, it's an intermediate term uptrend. That's what's happening now. So in that type of uptrend, if you get two days of trend readings to add up to three, you usually look below the same day you possibly as late as a day later. So you've got two different combinations of panic. You get a two-day trend over three. And you've got a trend reading 1.71 and a down degree. I probably the audience is spitting their heads right now. No, no, no, no, no. This is so great about this, Tim. And folks, OK, as this is that we're going to go through two segments because I saw that you sold basically at the high. And I saw it when you were getting back in last night. I says, this is so intriguing, in particular, Tim, because I went over your workshop. I've gone over that workshop four times already. And it was an amazing workshop. Thank you very much. It was just fabulous. And I couldn't wait to get you on to ask you those questions about the aspect of what is amazing to me is that you could get a panic, even though we didn't get down that far. But you can see that the aspect of that trend was saying that people are really nervous, right? I mean, that's how you're looking at it, right? Yeah, that's that, right? You've got to get people on the stealth side to get that trend up, because it's an advanced decline and volume combination indicator. Yeah. So you've got to get, basically, the dumb money selling and the smart money is buying for it. Right. And then in this particular case, you put that together with the market being at the mid-Bowling Japan, right? Well, there's a little bit. There's more than that. No, I got it. OK, that's cool. I got this. Well, what I define as an uptrend is when the market stays above its mid-Bowling Japan on the weekly time frame. Oh, cool. I got it. OK, stays above and a mid. So when I say the two-day trend has to be above three, the market has to be an established uptrend. Yes. You know, above the weekly bullet. So anyhow, there's a lot of different roles going on. No, no, that's cool. Yeah. So yeah, it works pretty good. So anyhow, the bottom window there is the two-day trend. And I just marked it when, well, this is the average. So the two days average is 1.5. So I marked the times when the two-day trend did get above 1.5 or when you had them up be three. So and you can see it picked out all the lows decently over the last couple of months. Yes. So anyhow, it's pretty good. There's another thing, too. On Friday, you can't quite see it on my chart there. But Friday, we hit a new high on higher volume. Market, in my opinion, never makes, and you probably could find an example, but it's pretty rare. But on a daily time frame, you never make a final high. You always make a final high on lighter volume. Yeah. Higher volume. Right. If you make a higher high on higher volume, you're going to at least go back up and test that high. Right. So even Friday, I kind of sold. I was kind of nervous because I sold because I was thinking that we're probably not going to go down far. And if I started seeing panic and then ticks and trend, I was going to kind of be in a hurry to buy back. Yeah. And so anyhow, that may be right. So I maybe did the closing low yesterday. And the next rally, we should break above the lethal last Friday's high because last Friday's high had higher volume. OK. I don't know how high it's going to be, but it could be interesting. So. Yeah, yeah. Cool. OK. Do you want to go to the next chart? Yeah, we can go to the next chart. This is, that's why analysis is the reason why I got out and got back in. No, no, I'm with you. And I think it's fabulous analysis, man. I was, you know, I'm really intrigued, Tim, with this deal about the panic. And you don't have to have a vicious market going all the way down to have panic. And I'm quite familiar with that. But now it's nice to have a couple tools to look at it that way. Do you know what I'm saying? Right. If you don't, matter of fact, off that top back in January of 2022, when that market was starting to go down, the trend didn't go up. Right. And that was a big warning sign that, you know, something bad is going to happen. Yes. And so you've got panic coming right off the top. It's usually a pretty good sign. If you don't have panic coming off the top, you know, you can buckle up your belt because it might go on for a while until you do finally get panic. Right. You know, I've read a lot of different books over the years. Some got me on the wrong track. And it's still stuck in my brain. I'm trying to still try to forget those stuff. But in a nutshell, from my years of experience, you know, panic is really a good thing for the market. Yes. You know, if you can find it, then there's a lot of different indicators you can use. You can use kind of bench climb lines. You can use McCall and Osprey-type things as a nation index. You can use effects. You can use for short term, you can use a trend Nice. It's, stay right there Tim, we'll come right back. Stay right there folks, we'll come right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US Futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. 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In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den Discord is accessible on mobile or tablets as well. So it's always at your reach to sign up today and become a part of this educational community of traders. Just visit the front page of 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. Welcome back folks. Now it's off 56 NASDAQs up 81, S&Ps are up three. We're talking about, man, Mr. Tim O'od and we are bisecting and dissecting this market. Should I go to the next shot now, Tim? Yeah, we can go to the next chart. We kind of went over that first one pretty good. That was daily. This is a weekly SPYs. And it goes back to mid-2018. Okay. And anyhow, I want to actually talk about the bottom window. The bottom window is the percent B. And what that says is it is that the midline Let's see how I say this. Funny how it measures where the Bollinger bands are. So this is a weekly Bollinger band on the SPYs. And when the bottom window gets above one, it means that market is above or is at the upper Bollinger band. And when it's at 50, it's at the mid-Bollinger band. And when it's at below zero, it's below the Bollinger band. Okay. So when, you know, markets, they kind of, they get out of, if they're going up too fast, that's usually a bad sign. And what I want to point out is, when it gets way above one, on this last go-around, it did get above one, but not a lot. Going back to about five, six years here, the highest it ever got above is mid-Bollinger band. Back at the top, near the top anyhow, at 2021, it got up to like 1.25, I think it was. And I circled it in red on that chart. I see it, yes. It's never been, yeah. And it's never been higher. And that timeframe I have shown, it got close here over, you know, last week or so, but it didn't quite get there. But kind of made me a little bit nervous. But yeah, I've got up there, and markets tend to always go back to the norm when it gets out of the norm, it goes back to the norm. The norm on this big trend is basically the mid-Bollinger band. That's where the norm is. Okay. So if it gets above the upper-Bollinger band too much, most likely you least gonna go back to mid-Bollinger band or could possibly even go a lot lower. Right. Okay. It's kind of a good indicator to tell you kind of where you are. Yes. We use that conjunction with the VIX, which is the next window up from the bottom. Okay. Second window up. I see, yep. So anyhow, the VIX, this is on the weekly timeframe. Anything below 17, which is, I have it all in pink there. Yes. Times when it blows 17. The markets usually in the trending mode. And we've been below kind of 17, you know, generally since about April. And today we're hitting like 12.58 last time I looked at it. We're like, we're hitting new lows. And that's usually, you know, if the market's going down and the VIX is going down, that's not supposed to happen. When the market goes down, the VIX supposed to go up. Right. So if it's going down, that kind of gives you going back, referring back to page one, the reason why it went long, I noticed that VIX wasn't even going up. Yes. And I'm thinking, so that kind of gave me more courage, I guess, to step in that trade yesterday. Which is so cool. Yeah. No, I get it. Yeah, right, right. Yeah. Because, you know, if the VIX was going down along with the market, you know, I'm thinking, well, now you got, you know, what's the index, what indicators do you rely on? Not all indicators work all the time. That's usually why I personally use a bunch of type of different indicators. I kind of like the ones that show panic fairly. Right. Once you start getting panic, you know you're at least getting close to a low. It's not that, you know. Right. It's hard. If you don't have panic and you're just buying in the market, you're going to just blow yourself up. Right. But I believe you got panic, you know you're getting close to a low. Yes. So, putting out, you know, with a VIX blow 13 now, and so this, I think this corrections is over, but what I'm watching right now is how far we're away from the mid-Bollinger Band and where we are right now in the market. So, if you get too far from the mid-Bollinger Band and then you start staying above the upper-Bollinger Band for any length of time, you're going to head for trouble. And so I'm kind of watching, I'm thinking if the market was up six days in a row, that predictor mark will be higher within, you know, a few more days or so. Yes. So, next week could be a decent up market. Then after that, you got 4th of July. Well, 4th of July, time frame's a lot of times you can have highs or lows in that time frame. Right. So, I'm thinking the next high could be a worthwhile high. And you may see that the summer dog days, I guess you might say, where a consolidation may be starting and we could possibly pull back down. Pretty cool. Area sometimes later, you know, in July, maybe August. Right. Because Tim, so if we got into that upper-Bollinger Band and then the trend and tick came in simultaneously meaning, you know, that you'd be saying that, okay, hold it, there is a little too much exuberance in here, we might be hitting a high, right? That's kind of how you'd be looking at it, right? Me right now? No, no. No, that was speculating that, you know what I'm saying? It was speculating going forward, right? Right, right. You know, last Friday, I forgot how I put it too. I scribed it. I was, there's two things I remember now. We closed above the mid-Bollinger Band on the weekly time frame on Friday, that's usually not a good sign. And the 10-day average of the trend was down around .8. Yes, yeah. That was showing a little bit too much exuberance on our short-term basis. So at least that, what I thought was gonna at least stop the rally and at least flip the sideways and possibly could even have a decline depends how the market reacted following the week, which is this week, we didn't get panicked. Then I thought we maybe, we took a shot at .420. We did get panicked. Well, that we're probably just in a minor consolidation. We're probably gonna start heading higher again. And with a two-day trend adding up around three, we got quite a bit of panic in a short period of time. So I think that's enough fuel for the market to break the recent new highs. Yes. So I think a release gonna break above Friday's high and how high is high, I don't know. Right, because on the daily, too, I mean, you know, like if you look at the spy today, I mean, there's hardly no volume and the spy's already rejected lower price. It's gonna have tremendously lighter volume as to what it's going against, you know what I'm saying? So, you know, right now as we stand, so the spy only has 50 million shares and that's going against 95 million. It's like, okay, really? You know what I mean? We got to 333, 433, 60, and we're 435, 70, 81. You know what I mean? So I can see that and it doesn't even look to me. No, we're not. We're not only gonna do what we did yesterday. We did 76 million shares on the way down, which is still light because we hit at the highs, we're at 114 million, right? Yeah, I get it, cool, yeah. Yeah, yeah, yeah, the volume, so I always watch how you break new lows. Yesterday, we did, actually, I was comparing the volume instead of the day before yesterday low compared to the day before that. I was comparing volume last Thursday and we seemed to couldn't get through that last Thursday's low. Yeah, no, that's exactly what I'm doing, same thing. Right, right, exactly. And that's over 100 million. Right. So there's no volume to try to push this thing down. So I'm thinking it's looking good, so I'm going. Well, okay, so let's stay right there because the next two charts we have folks are gold and I know we got a lot of gold metal people out there that are gonna want to hear this, all right, Tim? Just stay with us, we'll be right back. Dow, Dow Industries right now trading, come on, where are you, where are you? Down 45, Nasdaq's up 99, S&P's up 7, we'll come right back, stay right there. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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We're talking about our man, Mr. Tim Ord. We're gonna move on to the metals market, folks. So, Tim, I have the third shot up, which is the, you know, the XAU and then the ratio historic lows and then the rate of change. All right, okay, let's flip to a chart four. Okay. I have it up. It's a daily chart. Yes. This is kind of a short-term chart. Anyhow, something kind of unusual is going on here, but you know, the bottom chart is the 18-day average of the up-down volume percent. No, it's not, excuse me, it's a 50-day average of the up-down volume percent for GDX. So it is just the up-down volume is for just the GDX stocks. You can take a 50-day average. Anyhow, the next chart above that or the next window above that, that's the bottom window, is a 50-day average of the advanced decline for just GDX. Now, the bottom window, I went back far as I could go, which is basically 2010. And I marked the times when this ratio over this 50-day moving average of the up-down volume, excuse me, got below minus 20. And every time you got below minus 20, the market quit going down and actually flipped sideways. Went sideways for several weeks. So according to that indicator, the client's done, but we're not necessarily gonna go up because I had blue arrows drawn on the GDX chart and they flipped sideways for a number of weeks. I didn't go back and count how many weeks, but we may go sideways possibly most of the summer here. Drive everyone crazy, right? Go ahead. I said drive everyone crazy. Yeah, yeah, drive it, which is kinda good when everybody gives up, it's time to look to investment. But anyhow, I'm thinking this market's probably, the downtrend's done, but trouble is the uptrend probably not gonna start, it's gonna flip sideways. Okay. And so the sideways is good. Sideways bills cause, you know, the old wife got off a minute longer, the sideways movement, the longer the rally, after it gets going. But yeah, they're gonna drive you, people's gonna drive you nuts here. What's unusual, every time the bottom window, which is the up-down volume got below minus 20, the next higher window, which is the advanced decline 50 day average also got below minus 20. And I marked that in that red arrow or the red lines there shows the times when all those had happened. Right. Well, this time around is the first time around that the 50 day average did not get below minus 20. We're sitting around minus 13, I can't quite read it, maybe 15, I think. Okay. Yeah, 15. So what the heck does that mean? Well, it may mean that advanced decline lines actually is stronger than the up-down volume and we're still probably sitting at a low here, but maybe a stronger low than the previous times I have those red lines indicated there. Yeah. That's my interpretation. Right. Either way, I think we're down going down, not saying we can't go down another percent, but in general, we're probably finding support here. And if you look on the GDX chart, there's quite a bit of support around that 30 range, which is that trend line I got drawn that horizontal red line is right around 29, 30 range. Probably want to find support there and just kind of probably go dead for the next several weeks. So anyhow, that's my analysis of the short term. Yes. Now we go to the bigger picture. Okay. Which is back to chart three. Okay. The middle window is a monthly silver-gold ratio. Yes. And this chart goes back far as I could go, which is like 1983 or something. Okay. But what it did notice here, back in 1991 and 93, the ratio hit a bottom in this region more pretty close to where we're at right now. And we hit it back in 2020 and we hit it back in, well, August of 2022. So historically speaking, this ratio is extremely cheap on a bigger timeframe. So historically we were bottoming, oh, I have that trend line drawn, but to look at the 2003 low and the 2009 low and the 2010 low all happen around, looks like about 0.013 on that ratio to the right. And then what we broke down to, we're back at the 92 lows far as the ratios go. So to me, that's pretty important. You go back to where the ratios historically down lows and it made a double low back then and we're making a double low, even though it's over a couple of years now. So I'm thinking something important could be happening. And I do a lot of stuff with momentum. And so I use, you know, RSI's, common momentum indicator, the rate of change is another momentum indicator than percent B, which kind of measures where the stock is, whereas compared to the Bollinger band. And when you get down below zero means you're hitting below the Bollinger band on that particular issue. Right. So you got three different moments, or you only need two of the three, but you got two of the three momentum indicators hitting a low here back in August of 2022. So that was the bottom of last year. And we've been basically going up. I measured the times, how long we've gone up after those particular bicycles going back to 1985. And they're all at least one year. And we've been going up for not even a year yet. August will be the year, but that'd be the minimum we'd go up. Right. And the previous signals have generated at least gone up a hundred percent. Well, one went up 95%, but all the others at least a hundred percent or more. So to get a hundred percent, we should go back about 180 on the, this is the XAU. So we started out about 90, do a hundred percent, you should be about 180. And at least, you know, a year. So I'm thinking, I'm sure Tim Bates may flip sideways. And, but we're not at a top. I think that the rally may start in August. And I think the most powerful point of it where Tom's, you know, probably later this year going into next year. So I'm certain that I'm thinking. Yeah. You know what's so interesting too, Tim? Is that I've been watching like Barrick Gold, right? So Barrick, you know, is trading 1634 right now. It came all the way back to, it signed a strength off the bottom for March 10th. Now, this is what it did. We came off that bottom and the first day it came off with 22 million. The second day was 37. Well, yesterday we rejected that with 13. And even though Gold's still getting smoked today, Barrick's up 20 cents. And then Newmont is the same deal. Meaning that, because if you take the GDX, or the XAU, the HUI, see if you just take Newmont and Barrick, they're at 19 percent, man. Newmont's 10.3 percent of the weighting and Barrick is 8.6. So I can see what you're saying, man. And it's so intriguing because I can, you know, on the Gold contract, it looks like it wants to go to 1902, but on the continuous contract, we already hit 1912. So it's like, okay, man, you know, this is gonna get interesting, man. Yeah, I don't have it to start showing, but I watched also the XAU to Gold ratio. Yes. And if you look at that ratio, we've gotten virtually nowhere since 2000. I don't have that thing in front of me. I'm with you. It's been years. It is. And we haven't gotten nowhere. Well, listen, I think we're gonna break out of that basing period at some point. It's always a pleasure, Tim. Have you back next Thursday, man. You have a great week and a safe week, okay? All right, thank you. Thank you. See you later, man. Stay right there, folks. We'll come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. 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I'm looking for a bottom on this thing and I'm thinking 100 is kind of maybe it. But I'm also on fundamentally, their AI chips are gonna start coming out, I think in January, and NVIDIA announced that they're gonna get $30,000 for one chip. Yeah, imagine that, I know. Well, listen, I like where you're looking because, see, when you take a look at that, that's kind of where we broke topside from. That 103, 26 was the high that day and then 97 was the bottom. And that, what happens is that when you make runs like that, that's a normal retracement, too. It's not like, you know what I'm saying? It's like, that happens, you know, let's see. That's also 0.618 retracement of the move, not the whole move, just the move that had started on May 3rd. Yeah, I can see that, man. Because we just, let's see, the gap is 105.64. We hit 109 so far. Yeah, so the place that, you know, you have to keep an eye on it is that closing that gap right there from what, three or four weeks ago first. But. Oh yeah, for sure it's gonna do that. Yeah, the first number you come up with, I like that number because what happens also, William, is that your back is gonna be against a wall there, which is nice, do you know what I'm saying? There's a huge amount of support there. I mean, you get that whole line coming right across, man. I've seen this many times that, you know, you go up, you base, you go up, you base and then this is, that's a real sweet base at that one or two, basically. Yeah. And for the little bit that I hold right now, I just keep selling weekly covered calls. There you go. And it's like, it's like getting a dividend every week. And you know what, which is great. You have a high volume high here, man. So this is gonna go back to 132. That's a high volume high. If you know, I know you just, you hung on for me. Thank God, thank you for doing that. But that's a high volume high. So that's gonna go back to that level too. Yeah, I think so. Have a great one, man. Have a safe one. Folks, join Tommy tomorrow morning. Have a great one and a safe one. Real, look at him, folks.