 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 our man Alan Homosasa. What's going on brother? It's, isn't it wonderful? I went ahead and invested in your tiger dollars. And I went ahead and got your gold report for a year and also your morning, your, your call letter and stuff like that. And I got over a 50% return in one day, not counting everything else. But I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keep your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Brute and you'll hit a home run. I mean a big home run. And put the money in your pocket. You're awesome man. Thank you. Now Tom O'Brien. Welcome folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever. You focus on growth. Hope everyone's having a great day, safe day. It's a TGIF and we're kicking into the 4th of July folks and let's make it a great one. Always do your best. Take action on your ideas. Doing your best to mean take action on your ideas. You have many great ideas in your head, but without action upon an idea there'd be no manifestation, no results, and no reward. And thank God the founding fathers took action on their idea. You're going to love it. Make it wise. Let's take a look at it out here. We have the Dow Industries up 209. NASDAQ up 44. S&Ps up 21. Gold contract up $1 at 1808. Silver down 55 cents. $19.80 an ounce. Platinum off 20 bucks. $8.75 an ounce. Light Sweet Crew up $2.59 cents. Trading at $108.34. The notes and bonds. A ten year note. Up one tick. Up one point rather. Trading at a price point of $119.18. Thirty year up a full point. Plus six ticks at $139.26. And King Dollar. King Dollar's up by 434 ticks. Trading 105, 118. Euro at 104. Yen at 135.25. And the British pound at 120 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. Let's take a look at it. What do you have? Well the bottom line folks is that we're kicking it to the holiday. We come down yesterday with volume. We go up today with light volume. Bottom line. That's the whole deal about building cars for lower price. Okay. So you know yesterday you got to go south at 112 million. You go up today with 51 million. That's in your spy. Excuse me folks. Three Q's. What you have out here is that you're up 81 cents yesterday. We go south with 79 million today. You go north with 43. Bottom line you still got the ABC structures on the way down. I expect those are going to get hit. Gold. This is really intriguing what happened with gold out here this morning. So they smoke gold in a monster way. Gold basically gets down to well not basically it gets down to 1783. It was trading down all night. And then guess what? 820 in the morning is when the pit opens and so the folks in the pit decided hey man I'll buy gold at this 1783. They took the bait. They bought it. That being said folks see that number up there 232,000 contracts. Not a good number. Why? Because that's a high volume low now. And when you actually take a look at this if you're watching Tiger TV right now you're going to see that all this is done. Bottom line we had made it up to 1826 yesterday and it's coming right up to Iceman. Ice is laying out right here at about the 1813 level and we got to 1810. Silver. We got to look at the silver one because let's see. Because what has happened here they really took silver. That's what happens. I mean the bottom line SI. SI. Let me see this. What is this active contract? Come on baby. Well I'll take this contract. This is not the active but I'll take it anyway. Okay so let's see what this thing broke. Whoops. Come on. Okay so this baby here. Okay so I got to go SI one. I got to get the generic contract on silver. And you know bottom line is that you know gold has been stronger than silver. Yeah but that being said we want to see what this is going into. Okay so you come with that large strength. 1794. We hit 1926. Silver's going to get back inside 2141. This baby wants to get down into that 1794 level. Pretty intense. Now let's go to the 10 year. Because what we have out here you get a bounce going in the 10 year and the 30 year. We did 189,000 contracts. Not a lot of contract volume but this is the time that you do a bounce. There's no doubt man. So your next leg here is 12019. You hit 12004. The volume's not bad. We took out a B point but it's not going to be an ABC up because the B point had 2.2 million contracts and you're at 189 right now. Let's go take a look at the TLT. The TLT is the 20 year plus now. The TLT there you go. See how light the volume is there on the TLT. Bottom line you're coming into 28 million doing 17 million. That's on the daily. Let's put this on the weekly. Yeah so the weekly you're coming up to a swing. I mean the TLT can get to like 119 maybe. Yeah I can't hold it. Let's look at this. Yeah it's a small ABC up. It depends on whether that came. Give me one second here. I just want to see if this it actually probably retraced too much for that. But it did take a swing out on a weekly with volume. We took out it was 25 million versus 20. So if it is let's see that's a you got 7 118. You're probably going to go to 119. There's somewhat relief. But guess what folks all you have to do there's a million different analysts on a continual basis. In this particular case there's a million analysts coming out saying you know you've seen the worst rates in this. What I would do folks is look at the Fed funds rate. The Fed funds rate is 1.50 to 1.75. Well the Fed is telling you that it's going to basically free. So the bottom line is that we're not even close to where the Fed is going. It's actually blowing my mind sometimes that there's so many people basically so you evidently have not seen how inflation can wreck you know everything and no one's immune from inflation folks okay if you think you're immune from inflation and you're sitting pretty you're not we're all going to be affected in a monster way. It just steals your money like this it rips it out. Stay right there folks come right back. Dow industrials up to 74 and as like up 65 S&Ps up 30 who come right back. We are purchasing powers eroded there's no better place to protect your harder and money than in gold. Vista 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 in a politically safe and friendly jurisdiction. Vista Gold just completed the Monk Todd Feasibility Study which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, diverse party ready development stage gold project. Vista 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 market's open. This is the most 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 Our principal 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 24-8 internationally at 727-873-7618 Welcome back folks Beth and Julie, Tom and Brian we do appreciate you growling and prowling when it's on this July 4th weekend man. That's going to be a good one. That's a beautiful thing isn't it? Totally man, totally. Let's go to our man John and Philly. Yeah Philly and Boston is where it all started. John what's going on brother? Yes sir Liberty Bell baby, Liberty Bell. I know pretty cool, totally man. It's a good holiday weekend to your family upcoming. Thank you and you're also man, totally. Thank you and I'm calling Tom just to thank you for all your help over the years. Of course all of your dinners know this from me over the years there was something missing for me that you provided that I got to learn you know in that 2005-2010 timeframe. So thank you for all that but to the point here and now I just have to share an observation on Comex Gold you describe the action today and as and I'm listening to your read of that market quite closely the past couple of weeks to paraphrase what I heard you say today yeah we had a nice interday bounce nothing has proven the selling pressure continues here but I will share the observation that the decline into today's low matched the decline into the spot contract back on May 16th and the low that day that was the June contract that was the lead contract that day the low was 1785 right and for what it's worth you know me all these lows I'm trying to buy and looking for intermediate term bottom which of course has not repeat has not occurred but back on May 16th when we made that low at 1785 and balanced you observed and I just remember this I think maybe it was that day or maybe it was the day after that May 16th June gold 1785 low came down and tested the February gold low of January 28th which was down at that 1780-1781 level so you've always lost you've you learn long ago when you shared with us the theories of your teaching there of the power of swing points and I will just observe just went to that prior swing point which was May 16th and interestingly enough January 28th went to that swing point and couldn't go any further at least for now so I acted upon that this morning of course that means nothing you know other than just a picture today but we shall see and I keep on thinking one of these days one of these reversals is going to mean something and of course I don't know if it's today or not but I do have to thank you for educating us and just reminding you of the observation you shared with us back on May 16th well listen man I appreciate the kind words John you know it's so interesting right now last week in the gold report right what I wrote folks this is very unusual trust me okay is that there were so many stocks that look like they were just beautiful setups right and you know I didn't buy one okay because what what was happening is I kept looking I'm saying this is something that's not right here man because to me John you know and to you probably also you know gold should already really take you taken off you know we'll see where this shakes out man you know this dollar is strong and it won't back off so you know I'm going to actually be a lot more conservative right now until I see this because you know you know I've been talking about the ABC structure down on the S&P and you know if they're going to take everything south they're going to take everything south you know what I mean so you know we'll see because I mean you know realistically yeah we know that came down hard today and bounced right back so that's pretty cool there's no doubt I you know I don't like the volume on it but I don't like the you know the dollars holding man so we'll see where this shakes out man but we will we will because we know see John and I know when the gold bugs know folks when you catch this right you know people say oh this and that well guess what you know in the gold market you can do 30 35 percent 40 percent pretty quick and to take your bread and you know you go on vacation for a bit so I like vacation anyway okay yourself a great weekend thank you and we'll talk to you next week you have a great one the safe one and you know there's always a question best fit of it can gold go up in the dollar go up right yeah and what has happened is that yes it can but it only does it for a little period of time because commodities are priced in dollars so the higher that the dollar goes you know commodities don't have to go higher because let's say that you're in Europe well guess what you're buying gold so cheap you can't see straight yeah I mean you know well actually no it's just the opposite okay but but the bottom line is is that the dollar has been king though I mean yeah and is it still going up it's still going up it went up it's a 463 ticks other that DXY is the dollar there and a thousand ticks is a penny okay yeah but that is a monster move wow yeah you know I mean you know it is the dollar so it is the there you go it is it is the dollar there's no doubt about that you know I mean so everything so the market is up today a little bit the markets up a little bit you know but 28 S&P points is nothing compared to how the market went down you know in the past few days and the past six months I'd say you know I mean you know up and down right and as we talk real real estate here you know what's been up this week well we've been seeing some shifts that's for sure so as you know I finally got a property under contract that's financed right yeah and we've been looking for about four months now okay and up until this point there was no shots I get in the house like that under contract that was financed okay nice so not only finance but we got an inspection period as well you did and what was the cost of the house only 225 that's even better though because it's so low so what that's what it's saying here folks what happens is this there's been no house that we've seen in this whole area that really goes under 300 thousand that is not brought with cash in a second right yeah I mean I'm not we're talking about like within hours you know we can call the broker up and then you call the broker up and then yeah it's already gone well I mean you don't do any more bids no no we've got a really good one yeah I know so this one financed and inspection that that that's a difference that before you could maybe somehow swing a financed one with no inspection right but this one was like a regular and then you know tell me about the one of the house you did get inspected and this this guy happened this is a funny story folks this guy happens to be a tiger but he was inspected in the house but he was saying they weren't busy right because it yeah yeah because up until this point there was no inspection periods at all exactly cash no inspection and they said they only got lucky because some insurance companies went out of business that's right so all these homeowners had to get a four point again to get insurance different companies and so pitch of this folks I don't know how long the guy hasn't been listening I think he was on the radio and he said yeah that's that Fibonacci guy right Fibonacci guy yeah stay right there folks best of night coming right back we're gonna be coming up with Alan from Boston Dow, Dow Industries right now up 259 Nasdaq up 59 SB's up 29 we'll come right back 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 metals sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU, HUI JDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room the Tiger's Den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris' for just $1 for the year there's no catch or added costs when you join our community of traders 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 Tigris' 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 visit the front page of tfnn.com tfnn is excited about our new software charting program The Art of Timing the Trade Charts in collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System David White has programmed an outstanding piece of software that will complement any trader's methodology using this first-of-its-kind program The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci including Gartleys, ABCs, Butterflies and much more The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee Don't miss out on this incredible new piece 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 Welcome back folks Dao is up 255 Nazics up 61 S&Ps are up 29. Let's go to our man Alan from Boston. Alan what's going on? Hey Tom how are you? I'm doing great yourself. Good thank you, good. Let me just shut the audio here. Listen I had called you maybe a couple months ago just asking about the XBI and I looked at it again the other night and saw the sort of big volume day down at the bottom. Do you any thoughts on the XBI at all? Okay so let's take a look at this. The XBI folks is the S&P biotech ETF you get a lot of biotechs that are in there. Let me just look at this. I guess it looks like there's a lot of small biotechs right? Yeah there are. Okay so let's line this up. I know the trend in the market is down. I mean I listen to you all the time but I didn't know if you always say there's a bull market somewhere so I didn't know if that's where this might be I don't know. It's so weird man. Well on first let's say it rejected lower price going all the way back to 2020. Low is still in it oh man. If you get into this for a bit and see if you can get a bounce maybe you can get up to this $83 you're at $76 but it's still in pretty tough shape I mean that low that was established at $61.78 is basically still there that's a high volume low and we came down we only came down to $62.13 it would have been great if it came down there but it didn't. Yeah I guess I was looking at that so that low that you're I see what you're saying okay I see it yeah I see it $61 let me ask you something though I know that oncology right looking at do you know any oncology equities because that whole deal about what has happened folks is that you know that PSMA deal that okay so what's happening folks is that this just got okayed by would be the FDA right so there's a different type of imaging that's happening right now in cancer folks okay that you know the bottom line that if you're doing chemo what ends up happening is that it can grab the cells and not destroy all your cells that's something that I mean I know your business and the bottom line is that it seems to me that you know equities that into that I think that's going to big dynamic change isn't it yeah it is and I think that's where you're I can tell you from when I started out in medicine to now that the movement and that the change has been dramatic I mean I think certainly on the cancer side maybe not so much when you're talking about Alzheimer's and some of those diseases that it's a little more difficult because the experimental models are different for the brain it's hard to do brain experiments but you know cancer cells they can use animals and they have different models that are easy for them to use and then all the stuff with the human genome and allowing them to map and come up with specific treatments back in the old days I mean the treatments for some of these cancers where you have lung cancer was sort of the same treatment everyone got the same thing but now it's specifically tailored to your DNA and your genetics so I think that there's going to be an explosion here at some point in terms of treatments and diagnostic things and all that so you know and I think I've mentioned you before that in Somerville and Cambridge the real estate boom is just crazy it's all biotech what happened is I saw an article coming across the Bloomberg man and I said I was reading this and I'm saying to myself okay so it explained it really well meaning when the FDA passed this whole deal and so we got inside the den we got a couple of targets that really is a biotech so I was kind of getting my head around this article and it seemed that it could be a dynamic change I guess what happened is that even when COVID come with the MRNA you know come into it I'm saying to myself okay medicine seems to be jumping up quite a bit right now you know what I mean absolutely and I think as you said the whole thing of the vaccine and the mRNA vaccines was a huge game changer when it came to vaccination and the other applications that it's going to have for all these other diseases is you know I don't think we even scratch the surface I can see where this is going to go I wasn't sure if this was the time to bite on it but I'll wait here a little bit longer and listen man I'll keep my eye on it and I'll shout out to you I'll pull it up every day man for sure you have a great one have a safe one man happy 4th you gotta love all the targets and folks we got them all I happen to know him from Boston okay the bottom line he's a doctor at the mass general there's nothing like the mass general man there's no doubt man let's go to our man Jose okay wait here this guy Jose look who I got beside me I remember Jose yes good afternoon fellas you guys look dapper as ever how you doing man great great hey Tom well he smells like Jerome Powell and the Fed wanting everybody to have that good feeling around the cook out around the grill that's all this is I agree man I mean it sits listen we've seen these before I mean listen you know folks okay I would love for the market to go up and you know we're all cool I think one of the things that is different this time and it's not that it's different we haven't been in a downtrend you know for 16 years so you've never seen one you're only 30 right? 33 33 oh you're getting so old man I had to get so old man you know we have a lot of that Jose do you know what I mean they haven't seen it and that's sad because I remember the first downtrend I was in man like I'm lucky I had my head left I mean I was like what do you mean I'm still doing the traditional turf and surf grilling this 4th of July however because of the cost of beef and inflation prices and everything we're going to be having beef not beef and I'm getting scared about the lobster the lobster we love you man I've got a question the probability question for you two chaps okay you're on a game show there are three doors are you with me so far? yes okay there's a 4-1-50 electric truck behind one of the doors and there's goats behind the other two doors okay okay say you picked door number one yeah and I say uh fellas I'm going to show you what's behind door three I open it and it's a goat okay and I say do you want to switch from door one to door two does it up your probability what is your answer? yeah no I supposed to know that what is the answer? well I can tell you that an MIT math professor blew it a university mathematician with a PhD University of Florida blew it and the answer is yes you say thank you I'll take the 33 the third uh probability that it's going to be in door number two you definitely want to switch from door one to door two you've upped your chances 33 and a third percent you are awesome man hey have a great fourth man thank you stay right there folks you'll come right back always switch that's the answer okay there you go all right there we go Vista Gold owns and operates the largest undeveloped gold project in Australia Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder 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bonus on your Tiger Dollar purchase Tiger dollars are good on all tfnn newsletters, webinars and trading services and they never expire for all the details and to get your Tiger dollars before the sale ends Tuesday July 5th visit the front page of tfnn.com today this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks that was up 347 that's except 94 S&Ps up 41 folks don't forget this is the last weekend for the Tiger Dollar sale just go to the front page of tfnn the way the Tiger Dollar sale works is that you can save up to 40% if you have any product at tfnn right now or plan to get in the future it's a great way to save money and this works is that you can buy 500 dollars worth of Tiger dollars you get an additional 100 a total of 600 which is a 20% discount you can buy 1000 and get a 300 dollar bonus of 30% 1300 and the max is 1500 you can get a 600 dollar bonus or a 40% bonus and you'll get 2100 dollars so it's a great way to save money great way to get product at tfnn this is the best way to have you here we're talking real estate we're talking rents and you know what we've noticed so picture folks we're in Pinellas County so Pinellas is basically Clearwater St. Pete and Palm Harbor a bunch of small cities but basically you know St. Pete Clearwater that's it yeah and what we've seen you know the bottom line is that there's more houses for sale there's no doubt there's more price decreases even in St. Pete but rents guess what folks they're going up they're not stopping they're not stopping and you know when best of what I was just talking about we know the county really well and so in your case tell them tell them how it went down yeah so basically you know I had a condo for rent in Clearwater so it took me 42 days to rent it it was a one bedroom one bath 660 square feet built in 2004 nice building everything so I got 1500 right you're asking 1500 one bedroom one bath built in 2004 then St. Pete got another one bedroom one bath built in 1938 it's only 469 square feet asking 1700 and I probably got 25 calls and this just happened folks this week in two days you know so the things to get out of this depending where you are in this great country of ours folks is this St. Pete has approximately 280,000 people here right now and what has happened is that as all these high rises keep going up well the bottom line is that everyone wants to live here so it's not like a suburban community you know the difference is insane isn't it yeah I mean it's only what 20 25 minutes oh it's not yeah you're talking 20 25 minutes yeah the most right next to Clearwater beach over there in downtown Clearwater but nobody wants to be there right so seeing the difference down here in downtown St. Pete is isn't it no I know and even being in the business folks this is how much it's changed right I have my one bedroom is in the character it's a 661 and he's a brand new and the last one I rented the person wanted to give me two grand I said no give me 1800 because I tend to I want people in there four five six years at a time do you know what I mean even though they're brand new because I and I took 1800 but that thing now would get like 2400 or something in a second I know we're talking you know but it's it's that's how fast the escalation has gone also yeah and what listen to this oh man this is amazing in the front units now so picture what I build folks I build a front unit three bedrooms two baths one laundry room 1935 square feet yeah awesome place right I mean if I sell them they go for the 960 the next one probably go for a million right yeah they're getting 5000 the guy they listen to this man this is crazy one of my tenants wanted to buy one of these other houses right I sold him the house he's getting 5000 for the front yeah and he's only well he didn't beat it he's not getting them for the studio he's getting a studio pot he's getting 1800 for the studio yeah so the studio is only 441 feet yeah but it's still amazing that's that's big money that's big money I mean we can't believe it you know I couldn't I couldn't because because when the leases come up because I'm I'm only getting 2800 right yeah at the at the max yeah a couple of them I get 2500 yeah yeah that big difference in two years huh oh my god two three years crazy yeah location huh definitely it's what's gonna be intriguing in this downdraft is the locations number one and then stratosphere where of the hits gonna come in do you know what I mean yeah as long as you're in a prime spot it should be should be less better off I think it's gonna be less you know I think it's all gonna be hit that's my that's kind of my take on it because what does happen I've said many times is that all of us are signatures worth less money yeah so that means everything's worth less money and that the wildcard here really is when we haven't had downdraft for 16 years I mean that's that's the same it's not the same I mean listen I'd love to have a drama draft I'm not saying that okay but when you take the aspect of a downdraft or inflation making you poor overnight yeah it's pretty intense right like we were talking yesterday so you should have heard best of the night up in the office yesterday so tell me what you said you said that I was paying off one of my credit cards right the only reason this is perfect wait to hear this this is awesome yeah right and so I was looking I was like man since January or June 20th right till yesterday I spent $20 on parking exactly like this is crazy exactly because I barely go down there parking no totally so it's so fetch it he's talking about $20 right doesn't seem like a lot of money I said to him the exact same thing happened to me the day before yeah and what it was folks is this this is this is what tends to happen inflation because we've been spending money for more money on everything you know the last six eight months in a big way all of a sudden and we all should do this okay is that you stop paying attention a lot more yeah you know what I mean it's like hey man this is crazy because you really feel that you know can take yourself pretty quick man I mean you know every time you go somewhere and you're just looking at it like what happened here what happened and inside the grocery store of course folks okay you know you see sad scenes in a continual basis man you know like if you eat good food I mean I can see I can almost see why McDonald's is going to get busy I mean because of for two bucks you can't even get an apple for two bucks anymore or you that's close I mean but you know that middle isle which you should stay out of by the way okay you know the cost have gone up dramatically man yeah everything yeah every time I go there you know for a few things right 30 bucks right okay yeah I know and you know I don't because of the way that the political atmosphere is I can't picture that you know Nixon put price controls in so pictures that you went in this supermarket and they couldn't go up on the prices anymore that's crazy isn't that wild but let me tell you inflation got so bad then folks okay I'm not exaggerating every single week you go in the supermarket and it would be like more money like dramatically and they finally put price controls on it but then Volcker came in hit the button bright interest rates up smoked you know the economy and you know when I look at this inflation man you know the bottom line is that you know it's not going to go away like overnight man I think so I mean I think we probably peaked but even if you peak it go up 6 to 7% a year that's insane that's huge 3 years 18% that's 20% you got 100 grand you got 80 grand stay right there folks best of night I come right back the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter is designed to give you all the 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see if we take a look at this you can see that we're at 2.8 if you're watching Tiger TV you see that hide last 3 months 3.4 now watch this this is where this gets wild we go back a year ago a year ago 1.1 3.4 is that wild? big difference 8 to 6 months we do 6 months 1.6 3.4 so bottom line is that I've never seen interest rates this high since 2013 I believe 5.4 was the highest ever imagine that he's done a lot of deals folks so the thing that's wild I think in the marketplace in general is that now yes the first time I bought a house was 14.5% but guess what I was still only 20-21 that's how it was I didn't know that rates could ever be 3% and 5% and so what happened there and this is important to understand too what happened is that if you owned a house that's one of the reasons that the houses went up so quick because as the rates went down the houses went up well the correlation is just the opposite now rates go up high sad but true it's what you can afford right and then one of the tigers came up with a great thing thanks Mark about the rent structure I wasn't even thinking about that that rent structure saying that yeah there's so many people that qualify enough for the mortgage that makes a huge difference man pretty well well listen everyone have a great 4th of July a safe 4th of July come back and visit Tommy Monday morning firecrackers don't blow your freaking hand off don't hurt anyone else but make sure you light off firecrackers have a great one folks have a safe one