 as a presentation of T-F-N-N. 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 Alan Homasa. Hey, Al, what's going on? Isn't it wonderful? This gentleman here with the gold before, right before the market fell apart, ended up with P-A-A-S. We had a 98% gain in the year. And, I mean, we weren't 99% proof like Irish whiskey, but we had a good game there. You always told us to do what we feel comfortable with. And if I lose a little bit of money on the table, I will. But I know that I just pocketed $8,000 or $9,000 in two weeks. That's a beautiful thing, man. Now, Tom O'Brien. Well, welcome, folks. This is Tom O'Brien of T-F-N-N. We have five days a week. We got seven hours a day. We go 24 hours a day in the internet, i-t-f-n-n-dot-com. Always remember, folks, whatever you think about, you bring about whatever. You focus on growth. Hope everyone's having a great day, safe day. Hope you had a great Memorial Day weekend. Let's kick into this summer and have a great one. Cultivate wisdom. This is a great card, man. You don't need to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Mm, I can rise! Let's take a look at it out here. We have the Dow Industries down to 10. NASDAQ off 51. S&Ps down 23. Gold contract down $14.90 at 18.42 an ounce. You got silver down 56 cents, $21.53 an ounce. Light, Sweet Crewed, $115.16 a barrel. Notes and bonds, a 10-year note. down 22 ticks trade in 1925, the third year of a full point and a half at 1 in the 4012 in Kingdala. Kingdala up 102 ticks trade in 101.770, the euro is out here at 107, the yen is at 127.65, and the British pound is trading at a price point of 126 to 1 US dollar. Our phone number is 877-927-6648. Give us a call, folks. Want to know what's going on in your world. In the world of the S&Ps, folks, let's take a look at it. What do you have? Well, we get a sideways market out here. I know that sounds insane because we've been up some, I mean down so much and we're still down 20 S&P points, but this is a sideways market, folks. That's the bottom line. Might take care. This is the building cost, your next leg lower. This is, if you're, anyway, that's where this is shaking out. I got over the highs of last Friday at 84 million shares. Right now, today, you're 58 million. We'll probably do about 68 million somewhere around there. And I expect you're going to see this in the next couple days, too, man. That's the bottom line because we're at the window dressing. And the X100, we take a look at the three queues. Same type of setup with the three queues. Bottom line, we take a look at the three queues. The three queues right now are down 34 cents. You have done 45 million shares. On Friday, we did 66 million. And by the way, say even 66 million is light volume. Bottom line, going sideways, they expect more sideways, movement, then that is the building cause of lower prices coming at you. Gold contract, gold contract's not holding price, man. I mean, this is pretty incredible when the dollar is lower. So we have a gold bottom line, you're down 15 bucks. You got 183,000 contract straight, and that's a lot of contract volume. Now, you're going into its strength. But let's take a look at this because what you have here, you're coming in and you're coming in, well actually, this is definitely the new contract now. But bottom line is, let's see. Yeah, you definitely, this is, this, okay, well I talk about this a lot. How once you get into a bar, the bottom line, you get too far into a bar, you're going to go to the bottom of the bar. The bar that we're into was strength and it had a lot more volume than you're looking here because of the different contract. But the top of that bar was 1854. Well, guess what? We're at 1842. That same, we're going to go to 1814. I suspect you'll get down there. You'll probably have lighter volume when you get down there. We're going to take a look at the dollar index. Dollar index hasn't been able to hold price. Bottom line got to a price point of 102.166 today. Now, bottom line, you're at 101.770. That's setting up. Let me just see if this lends up. This is going to be wild if it lines up right down to the 99. So you got 105 as an A, 101. So you got basically four, it does. It actually lines up to 98. This is probably just set up an ABC. A is going to be the high. B is going to be the low of Friday. C is probably the high of today because that brings it right down to where big support is. And if that's what we get, the bottom line, we should get more movement inside of the commodity market. Now, check it out. So you had gold fields buying Yamada gold. Well, gold fields right now is trading down $2.87. Market doesn't like it. That's the bottom line. And the thing that's intriguing about this for all of us that are in the gold market is this. Okay, so we get GFI coming down to the bottom of its consolidation. Now, the good news is that GFI has a high volume high at 1720. The bad news is that GFI right now is on an ABC structure down, and that would get you 16, and yeah, six. You're talking like six bucks, $6.93. So this is dangerous, man. And $6.93 gets you the highs of going all the way back to March 2020. And now watch this, if you go to Yamada, and this is the thing that's really concerning about the whole deal as to what these companies are actually worth. Yamada, okay, is getting taken over, and this was a stock transaction. So it was a friendly transaction, stock to stock, okay? And the bottom line is that you can see Yamada hasn't moved. They were paying Yamada a 34% premium, big freaking deal, right? I mean, a 34% premium in equity when these equities have been down anyway. That's the bottom line. So that doesn't say that there's a lot of confidence right now inside of the metals market. That's a huge heads up, folks. That's the bottom line, because what does happen is that when you have one company taken over another company, what they want to basically start seeing is that, okay, what are companies valuing other companies for? That's the kicker. Let's go take a look at Amazon for a few of the targets because we have Amazon is going to be doing a split this coming Friday. You get Amazon right now. It's, so it's off that low of 2,025 here at 2,400. Only Amazon can go up 400 points in four days. We put this on, let me put this on a monthly because that might take is that they still want to probably get into that high volume low. So that's it, 2,475. Yeah, I wouldn't be biting on Amazon just yet. Let's tell them either this thing wants to test again because 124 million, we went into, well, this is the last day of the month, man, this is a trip. So we went into its swing point and we're gonna have like 10 million shares lighter. So you can, it's a tough one, man. If you're gonna buy it here, put a stop right underneath it because this can still test the lows. And it looks 2,033, 2,025. Oh, that's what it did right there. Yeah, stay right there. We'll come back with Amazon. Stay right there, folks. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money-thaming gold. This is the gold's flagship asset, is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. This is the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve and a 16-year mine life. All of this combined with the approvals of a major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, dearest partner, ready-development stage gold project. This is the gold trades on the New York Stock Exchange under the symbol VGZ. 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. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com TFNN Educating Investors Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors Welcome back folks to Dow. Dow Industries right now down 105. It's just about flat S&Ps down 9. Let's get over to our man Mr. Basil Chapman as we do each and every Tuesday. And don't forget, folks, Basil has an outstanding show here. Every trading day, 10 to 11 Eastern times a time. Also it's a great newsletter, the opening call. It's very easy to get Basil's newsletter from over at our website at TFNN. You go into newsletters, you can see it on the left-hand side, the second one down. They see the opening call right there. You just hit that subscribe button. You can get it for $149. You can get it for 6 months for 6.95 which is a savings of $199 at 22% and you can get it for one year for $11.95 which is a savings of $593.33. Now they all come folks with a 30-day money-back guarantee. So the bottom line, you can check it out. Basil has some outstanding webinars out there. He's got about 10 to 11 of them. You can go through them, really get a great education and understand how to ride that wave each and every day. Basil Chapman, what's going on? Hi Tom, how are you doing? I'm doing great yourself. Very good, thank you. Did the weather come in up there? Was it hot? It's going to be very nice. It's nice today. Going to be playing tennis in another half hour. Perfect. Beautiful. So this is an interesting market because on the way down we were making lower lows and lower highs and it just kept going lower and lower. And then I mentioned to you that on the about the 12th of May when the down made is low and then bounced and made this H pattern that looks like a lowercase H took out the left side low and went down to 30,635 on the 20th of May. The technicals, just as the technicals back at the late March early April high and then retested on April the 21st where the first technical aspect was very strong but when it went to a slightly higher high on the 21st of April the technicals were actually weak. So I said to you, I think that we're seeing something here together with the technique that I used where I always look at the fourth highest peak and label them ABCD it's that fourth highest peak at D where other things can happen. And what I said was I think of the DOG which is one to one short the Dow or the DIA the diamonds is making a peak D and if it is a peak D we should we've got the exact comparable thing here where the technicals on the left side round about the May the 12th and then testing with a higher high 36.65 in the DOG on the 20th of May the technicals were not nearly as good so I said I think I'm about to get some kind of a signal that's a turnaround signal so we were very fortunate the next day we were able to go along the Dow and we've been long and we've actually had two positions we added to that position we've taken a little bit of money off but we've added to that position and the Dow stopped right at the 50 period exponential moving average that's the Dow daily the weekly needs a lot of work but what it had another technique I talk about I talk about a technique where I draw a very thin parallel lines it's like a little mini channel rather than a large channel and very often in fact a lot of times prices go towards those that little mini channel and then you reverse either up or they reverse down and you can see in the daily chart twice it went below the inside track and then closed above it that was a good sign and you can see this weekly chart with this green line the dash pink line price went right into it so we're now on a I think by the end of the day I might have to upgrade this for the first time to a buy signal that's not a buy mode a buy mode implies there should be at least four higher peaks to peak D this just says you've got the stochastic now at 80% I love to see that above 80% it's right at 80.73 today the day is young but at 4 o'clock today if this L stays in place that means that the 9 period moving average is closing above the 14 period moving average and that will be a good sign so I have all the little ducks in order to say that I think I've got a buy signal coming up doesn't mean to say I expect there's some kind of a pullback for today but even today we made another nominal new high at 33,240 I like the action on a shorter term basis I can't talk about intermediate term until I see a lot more signs I want to see the S&P continue high I want to see the QQQ NDX actually leading and so far it's kind of struggling it had a very nice takeoff but now it's stalling so there's a lot of action to go before I can really say hey I think we've turned the corner for a couple of weeks worth of upside action I think that's the case until the Dow starts to trade closer to the 34,000 with the 200 period exponential moving averages that will be very good and yeah we are a thousand points lower at 33,000 so many of the signs are there to say you've got all the action you wanted for that turnaround all the positives that you look for but the weekly chart is the one that really needs to show some sign now with the technicals turning up they're struggling and they're going to need a lot more but I like the action as from the selling pressure that was going right into the low of the 20th I like the way we've come out of it and you know that this is still today this is from the low of the 20th of May this is still only a leg A to the upside that doesn't mean to say oh you can automatically go to a B and then a higher C and then a D it just means that this is a a really strong move from 30,600 to 33,240 they go off the low I like that so we'll see let me ask this because on your system because you're still not in a buy mood you have a buy signal right what we do is we start off let me just show you this chart right here so we start off we try to identify the lowest low and see if we can get a signal and then you can go all the way peak A all the way to peak G but it's really the fourth highest peak I have to wait to get a confirmation that buy signal now has enough strength to take me to D and I haven't yet got that I'm close but that's when those moving averages cross right and that's part of it is with moving averages cross but especially I like when the nine decisively crosses the this is the pink crosses the black and turns to green so that's a start and I keep these moving averages I don't use all of them all the time like the 50 are hard to ever use the 50 but yeah we are we just bump right it for two days now stop dead at that 50p a little dashed line there so I just use them when I need them but most importantly I do like when the stochastic goes very quickly from under 20% to over 80% and you've got the mag D then there's a particular technique that the reason why I put the stochastic always underneath the mag D is because it can often give me what I call a squash and that says you can go very quickly to peak A then a B then a C then it takes a little time and this is the torque the first gears that give you the power to move up and then you need the power of the momentum of the mag D to continue to so it's still early but I do like what I'm seeing right now cool listen folks it's really easy to get Bowser's newsletter come over to our website at TFNN you're going to see it right in the left hand side click them on down and just hit subscribe and you are off to the races and of course as we were talking about Baszler's 10 to 12 archives out there so you can really understand how the system works folks it's an awesome deal and tomorrow I'll do something in my show at 10 o'clock my tag get technicians out I'll talk about these moving averages it's going to be a very perfect session that nine is a powerful deal man they're all powerful I really like the nine though because it's so quick whether it's down or up have a great one Baszler have a safe one we look for the show tomorrow thank you Tom stay right there folks if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back 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ideas interact with other Tigers and Tigresses 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 at 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 Tom O'Brien has just announced a live timing the trade webinar Friday, June 10th from 9am until 2pm Eastern Time Join Tom O'Brien for five hours of live education as he teaches you his trading methodology right from his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System. In this live webinar Tom O'Brien will be teaching you his entire trading system including quality volume ABC structures, Fibonacci confluence zones, cause and effect, swing points and more. We will be limiting this class to 40 attendees so please do not delay and reserve your seat today for this special live event with Tom O'Brien. All attendees will also receive a physical copy of his book The Art of Timing the Trade an $88 value mail to you along with the free month of his daily newsletter market insights a $169 value for all the details and to reserve your seat today visit the front page of TFNN.com TFNN Educating Investors 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 down down just goes down 115 to get the NASDAQ up one SMPs are down 10 and let's do this so this is pretty cool folks I forgot that I actually had this one of the targets we're asking to bring it up so I'm going to bring well here let's I want to do the chart on Apple first so if we take a look at Apple no doubt is taking a beating here bottom line is that you've gone from a price point last leg down was from $179 down to $132 you have 18 points off of that right now that being said if we take a look at Apple put this on a monthly what you're going to see here yeah it's a bad monthly chart man it's not good okay so this is saying 137 I went to 132 that's a rejected price let me see this 2. 2.3 billion this is 3.8 oh you could get a good bounce going here so watch this did so you had this big bar that's going to be September of 2020 we had 3.8 million then 137 was the high well we got down to 132 rejected it and did 2.3 so that's saying it's going to bounce man Apple I don't like this chart of Apple folks the reason I don't like it but first off that's saying it's going to bounce what the reason I don't like it is that Apple doesn't have any volume at highs that's telling me it's going to give it up it's going to bounce and then give it up now the question was that the Bloomberg allows me to do I can actually put up the supply line you can see this this is pretty cool now I can't do the whole thing when we're on because I can pull this down more you can see these are the largest so they what ends up happening is that Apple has see that 638 suppliers and they have 323 customers and those are a monster customers of course because they're just you know you're talking about AT&T Best Buy Verizon all that and the real question is here is that how many of these suppliers are wrong chat wrong screen okay one second what are you looking at no you're looking at you're looking at the screen okay so what you have here okay is the um the suppliers on the left hand side the largest supply so you can see the first ones in China that's uh the second one let's see let's show the second one is quantum computers the third one Taiwan semiconductor in Taiwan the fourth one that might be in China Samsung isn't in Taiwan not sure what compel is it's pretty cool though I can lay these out J-Bill so J-Bill this I know a lot about J-Bill because J-Bill is headquartered folks in St. Petersburg, Florida J-Bill is definitely in China not the whole business but just about the whole business so they're the largest one of the largest subcontracts in the world Alibaba Group let's put it this way there's plenty of um suppliers that they do have in China there's no doubt about that what has been happening for over a year and a half right now is that there's a huge amount of traffic that has moved from China into Vietnam so to put on the Chinese production facilities can move so quick it's unbelievable and I can tell you I know anecdotally they've moved there's a lot of product right from China right into Vietnam because Vietnam by the way just in case you don't know that will never have a taff okay after the Vietnam War there's a whole bill that's in there so the bottom line is that you can see why folks are doing it so you have a country that has a very educated workforce so we're going to see a lot more of that the thing that's going to be amazing really is that when you think about this whole deal there's a lot of different dynamics going on right now and we'll see whether they can keep up with the supplies I can tell you so check this out this is crazy well the crazy thing about this it was like this talking about containers coming in from Shanghai right I had an easier time getting a container out in the middle of the lockdown getting it out of Shanghai bringing it to Tampa and you know the Tommy was talking about some numbers this morning of how long it's taken I can tell you my container only took five weeks okay that being said it took me more work to get the container out of Tampa into St. Pete and so there are glitches that are on our side in a big way and it's like you got to be kidding me man you know so let's they they realized them though I'd say that they realized them I actually they knew that I had a problem and the head of the port of Tampa was really cool there's no doubt about it the bottom line is that the he kept emailing me and when they finally got on the truck he says Tom is on the truck and one of the tags is saying and there's a lot of steel manufacturing moving from China to Brazil there is there's a I have a Brazilian partner okay that owns a 300 he has actually 300 his family has 300 quarries in Brazil he's there right now and there's no doubt that there's a huge amount of traffic because the huge amount of Brazilians they also have done business in China they realize that they can take them from China and put them into Brazil so yeah there's a lot of that happening everywhere that being said believe it or not they still don't have the acceleration and the amount of time that can when things are going good in China that they can push product out that's the right that's the reality you know because Brazil is a huge country you know 877 9276 648 let's go take a look at some of the high oh no let's go to Amazon because Amazon we were talking about they're splitting this Friday and you know the way Amazon is set up this is going to be a tough one man because what Amazon did do is it's up 127 bucks today we put this on a monthly that's where we stop right before the break is that it had volume out here 111 million and you're going into 124 and going into 163 we got a low of 2025 well we'll see what happens that could be it man you know that that could have been the deal it really depends on like how bad this market could get because when you come down there you've rejected lower price you're over oh no you're not over 2475 yet I see well it's clear ceiling if you get over 2475 not clear ceiling but you can get a good bump going that's for sure let's go take a look at well hey let's go I want to see what AMC is doing because you had Tom Cruise come out with Top Gun over the weekend that broke all records and so you had AMC's up 2 cents that's it that's all it could handle see if I put this back a little let me put this back take this and I'll do it on 3 a weekly this has been one bizarre trip there's no doubt I can't believe this is a high volume high at 72 thank god this is pretty wild it does though well first what it has to do is this I mean this is almost like a classic it went up this high but it has a high volume high at 72 the beginning of the breakout area was 12 it came down to 1143 it closed for the month of 12 it came into that this is crazy man 317 million shares versus 2 billion let's say it can bounce it would you'd want to see it take out a swing point first I've seen plenty of these if they don't take out the first swing point then it's trouble are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience to cross all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you 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every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 Sign up for Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer and get risk free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD Directions Daily S&P Biotech 3 times bull and bear ETFs Visit Direction Investments.com slash biotech today you will find out about the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact Direction Shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 4-side fund services LLC this program is brought to you by Vista Gold traded on the NYSC American and TSX under the symbol VGZ I'm O'Brien welcome back folks down down industrial is at down 92 you got the Nasdaq up 13 S&Ps are down 8 and a half let's go to our man Bob in South Carolina hey Bob what's going on how you doing Tom I'm doing great man yourself doesn't get any better than this that's a beautiful thing I have a question I own both Goldfields and and I was wondering should I sell one or just wait for the merger or what this is a great question so this is how this works folks okay so I'm going to put both of these up so you can see both of them on one screen is that one and so the way the deal goes is that GFI is paying six tenths of one share for every share of your amount of gold okay so let's just do the math on this right now for a second so let me just see this because okay one second let's see so if I go about 973 I mean that's what I figured they're paying a share okay except that this is why this is see this is the correlation right here let me just do this for you one second come on where are you where is oh I got okay let's see so if we go 9.45 times 0.06 this file look at it's trading it exactly the same amount okay so you could do whatever you like this is trading exactly okay so what's going to happen this deal is going to get done Bob okay because it's a friendly deal friendly takeover so it wouldn't matter like you either can hold both of them and then what will end up happening is that you are going to you're going to get an exchange of the Umana shares for Goldfield shares because right now it's trading the exact same price meaning it's 0.6 of one that Goldfield's is paying for your mana and you know as I said earlier it wasn't a big premium I mean it was 34% so I guess it's big like that but the bottom line is that you know there's a small price so I would stay right there because would you have a Goldfield's this this getting hammered out here today it's not of the swing point low though it's not there yet it has a high volume swing that says it wants to go back to which is that 17.30 and you know so your breakout area here is 845 you know you got some good volume out here today but at 845 I suspect it's going to hold up and just you know so I would I would hold both of them that's the way to do it man just let the thing go through so the way things are going right now would Harmony invest to be on the list of potential takeovers here it's hard to tell Harmony would not be a play I don't think it would be a play I mean they've told the market they're looking for a partner that's going to be a gold company that's looking for production so like the reason that Goldfield's did buy Yamana and you know I've had the CEO of Yamana a long time ago many times is that they have a great pipeline there's no doubt about it man they have a pipeline that's coming in that Goldfield's didn't have so they bought that pipeline that's what they did and there are just jurisdictions that are clean jurisdictions meaning that there's not a lot of problems in do you know what I'm saying because the friendly countries thank you thank you that's exactly exactly so and you wouldn't make it anymore by selling Yamana right now anyway that's what it comes down to so I'd stay there and let the thing go through man okay but there's definitely a consolidation in the whole business right now we're really shrinking down to almost nothing we are and we are and so what has also happened is this that when I actually you know I started off the program saying that the amount of premium like to me that look lousy to tell you the truth I know I hate that word lousy but it really did okay but it's interesting because then I just looked at when Newmont took over rain gold right and there was no premium so that was the last big takeover folks okay that happened in 2018-2019 so that was intriguing you know it's like okay now they're giving a premium so that is going to our side that's that's the real bottom line you know and I mean of course we all want to see a 34% premium when gold is that high I mean the gold equity is that high not at lows right I mean like they have the big three in the autos is it is going to be the big three or four on gold pretty soon that's correct and right now that just put gold feels in the number four position in the world not just yeah in the world yeah well who's number three would you get I don't know that's a saying the number four I'm going to find out who's number three I mean I know it'd be Newmont it'd be Barrick and then I don't know who number three is maybe it's it might be Newcrest let me see and Newcrest is in Australia let me just see what that Newcrest so this is Australian dollars that has a market cap of 22 billion Australian let me see so oh yeah one second that might be it Jeff I yeah it would be it'd be Newcrest which we don't trade Newcrest because it's in Australia but that that would be probably number three that's what's going on well thank you very much Tom it was very informative I will hold right now I just didn't know everything is coming to a crashing consolidation here no you you have a huge point man this is that's a big point man there's no doubt it's yeah it's either be big or be gone right I mean the way it's going the way it's happening if you know these three players are going to control the whole market three or four players they should say it seems it it seems it but what what does happen is that they all when you're in the mining business you always need or or is just the body folks of you know that's what you need oh hold here stay right there I love this Tigers stand okay here one second EKS thank you here let me here let's see what this NC MG yeah it is good thank you so one of the Tigers just confirmed that it is new crest number three yeah okay cooking brother alright thanks very much Tommy really appreciate it have a great one man have a safe one let's go to our man Tom and Tampa Tampa hey Tom what's going on man hey Tom how you doing man do you have a good weekend I did so good to hear that voice I heard you calling either Tommy or Larry I heard you I heard a couple weeks ago man so good yeah man don't worry Larry I like it yeah so Tom can we take a look at Coke what do you think might be a good entry point on it there let's take a look the low it is 52 the high 67 the next time they come out with numbers is the 21st of July okay so let's see what we got here put this back put it on a weekly yeah I just wait Tom because you see this that big bar there two weeks ago that should get retested that $59 man that's okay that's a big one man and it would make sense because there's a lot of support there at 57 I see that a little lower 57-52 the low that was established on the week of March 11 Tom okay Tom how about those lightning huh hey man gotta love them I know man I always think of you I always think of you man when I'm lightning it's awesome man have a great one man go boat yeah 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 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money 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TFNN.com educating investors Welcome back folks Dow is off 104 Nasdaq's up 1 S&P's are down 11 and Qualcomm we go take a look at Qualcomm bottom line question is up or down it's going to go up that's what it looks like to me and it has a good swing point here at 150-120 you're at 142 now put that on the weekly and what you're going to see it's going to be pretty cool man comes up back to breakout breakout area 302 million shares did it with 47 million now that being said folks you better have fast fingers in this market because what happens in a bear market is that what all surprises come to the downside so if you're going for a bounce great go for the bounce but you better be prepared man that you wake up in the morning and the future 50-100 points because that's the kind of market that we're in oh and thanks Dan this is great actually an eco-eagle folks is number three gold producer in the world AEM 24 billion market cap there it is thanks man appreciate it so you got new one first Barrick second an eco-eagle that's so funny too many to think about it do you remember I owned an eco-eagle a lot but an eco-eagle I think they're the ones that bought Glamis and they bought what other one did they buy we scored on Glamis beyond belief man that was crazy because they overpaid it but guess what that's what ends up happening you overpay for something and then all of a sudden years later it's worth a fortune that's how it goes man market wise out here we got a couple more days of this now 2330 folks that's the building cause you'll see how this shakes out because what we'll have today we'll have a higher high you have a contraction in volume you have a sideways inside day but it got over the highs and that's how you tell it it's building cause so low because you have a contraction of volume simultaneously and then you go sideways Arzerman for folks to back and Claya hot out the bull can run you over and thank god there's always another trade health happens in prosperity have a great day have a safe day don't forget folks June 10th I'm doing a workshop you want to understand the time of the trade big time check it out have a great one have a safe one come back and visit Tommy tomorrow morning great show look at him folks