 It's a presentation of TFN. 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. Hey, Robert, how are you doing, man? Yeah, thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team and I really enjoyed it. But really the reason I'm calling is to express my sincerest gratitude for you providing that information yesterday on the small business grants. I'm a small business owner, primary bed break winner for my family, and if I can get that money, it's gonna really lead a lot to my family, so. That's awesome. Thank you for taking the time to do that. No, listen, man, we appreciate you growling and prowling with us. Now, Tom O'Brien. Oh, welcome, folks. This is Tom O'Brien of TFN. 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, grow so everyone's having a great day, safe day. Let's make it a great night, folks. Cultivate wisdom. 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. Now, knock it wise. Let's take a look at it out here. We have the Dow Industries up 65. NASDAQ up three. S&P's down one and a half. Gold contract up $6.50. Trading at $16.79 an ounce. We have Silver down 49 cents. $18.99 an ounce. Light sweet crude off $2.17. $87.19 a barrel. Notes and bonds. A 10-year note, up 8 ticks. Trading 111.12, the 30 year up 10. At 124.31 and King Dollar. King Dollar's up 87 ticks. Trading 113.03. The Euro is at 96. The Yen is at 146 and the British pound is at 110 to one US dollar. iPhone numbers 877. 927.6648. Give us a call, folks. We'll know what's going on in y'all world. In the world of the S&Ps, let's take a look at them. Well, let's take a look at the futures first. You've been in a consolidation all day long each time it tries to get up to a higher price. It's sold down. And you can see there's been a tight consolidation. We haven't been in a consolidation like this for a while. Bottom line that overnight you had a high out there is $36.35. But since the market's been open, it's really like $36.20 down to approximately $36.92. That's still 30 points. It's interesting. It's 30 points, but it feels like it's like a small consolidation compared to where we're in. That's how this is shaken out. That's in your E-mini. So if we take a look at the NQs, same type of set up inside the NQs. Inside the NQs out here, you can see this consolidation. They kind of get it down, but guess what? It's not going up either. So the top of this consolidation has been approximately the $10,925 into that low out there of the $10,805. That being said, the bottom line is that you get tremendously light volume here. So the real question is going to be, are you going to find buyers? So buyers are going to come into this and try to jack it up. It doesn't look to me like that's going to happen today. We're going to the gold contract. We take a look at the gold contract. Gold contract down $6.50. Now you had another contraction of volume. So it went lower today. It rejected $16.68. The low of yesterday, let's see what this was. So yesterday, we did 172,000 contracts. Low is $16.67. Today, $124. Low is $16.68. So that's saying gold won't end. By the way, both of those are going against $215,000. So now let's go to the spy. This is still saying the market wants to bounce. The real question is going to be, are there going to be any buyers that come in? And the Fed. So the Fed minutes come out, folks. And when you take a look at these Fed minutes, it looks to me that the bottom line is that they commit a federal reserve, committed to raising rates to a restricted level in their term, holding them there for curb inflation. Several participants noted, particularly in the highly uncertain global economic and financial environment, it would be important to calibrate the pace of further tightening with the aim of mitigating the risk of significant adverse effects on the economic outlook. So during the meeting, US Central Bankers agreed to boost benchmark lending, 75 basis points for the third time, lifting the target rate to 3.25. And bottom line is that what they're going to try to do here, we're 3 to 3.25. And they want this thing close to, there it is right there. They want this at 4.4 by the end of the year. And when you do the numbers on that, if you get, let's say, we take the top end of it, that really is saying that, OK, 75 basis points comes in at the November, I think it's November 2nd meeting. And then on the December meeting, let's see, meetings make a calendar. So you have November 2nd, bottom line, probably 75 basis. December 14, 50 basis, that gets you where they want to go. And the bottom line is that restrictive wise, and the squeeze, what they're saying in those notes do not correspond to what's going on in the markets, not in what basically the rate structure of the dollar is basically doing to not only our economy, our economy is everywhere, that will throw many people out of jobs. That's the bottom line. So that's where they're going to have to balance this thing. We'll find out whether they want to balance it or not. They're just going to go for the whole chicken caboodle. And I think a lot of this right now is going to continge on the aspect of you and I and the market in general as to how we perceive how they are going to continue to go forward. That's what it really comes down to. And of course, that's not a fundamental basis. On a reality basis, it's going to come down to the point the faster the rate structure goes up, the more folks that are going to be in trouble. And it's not going to be what happens with all of these folks. It's not really you and I. It's always large funds, sovereigns, pension funds that get in trouble. And you had the theory like the Reagan economics that everything comes down. Well, the bottom line is that when you have these huge events, the bottom line, it hits everyone and hits everyone really quick. So we'll see where the whole thing shakes out. What's going to be intriguing, of course, if we go over to London is that Bailey, he's claiming that by Friday they're going to clean up their balance sheets. Well, we'll see what happens there and we'll see exactly what that brings on to the marketplace. Dow industry is up 69 right now in assets. Six S&Ps of flats. Stay right there, folks. Come right back. Inflation, we are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This, 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 tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. This, 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 all major operational, as well as environmental permits. 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At 1-877-927-6648, internationally, at 727-873-7618. Welcome back, folks. The Dow industry is up 68, now it's like up 13, S&P's up one. Now check this out. This is, the good news, you know, that we're not in the UK. If you're in the UK, man, this is gonna get dangerous. So check this out. This is, it looks to me like, yeah, these funds are actually, they're doing two different things. They're playing chicken with the aspect of their central bank. And in a month's the way, because watch out, the first part of the story is not where the chicken comes in, but the second part is pretty amazing. So you got, you have the European pension funds, right? Folks, what they're doing, what they're doing out here today is that they're calling their sponsors and they're looking for hundreds of millions of dollars. That's the bottom line. A number of UK companies are facing calls to provide emergency loans to their employee pension schemes and the latest bid for those to get cash. The funds especially wanna protect their holdings of growth assets or less liquid investments such as those of infrastructure products, projects that are expected to benefit the scheme in a long run. Here's a quote from the, we have a number of large clients who have prepared emergency liquid facilities to be made available from their sponsor. So you have the companies, then you have the pension company, the funds of the pension companies. Europe is different than the United States. The bottom line is that they're going back to the companies asking for money. Now check this out at the end. This is what I was talking about. The aspect of they basically kind of want it both ways. The higher rates will be beneficial to these companies in the future, but basically the speed of it, they're gonna get croaked. But listen to this man at the end. This is amazing. At the end, the bottom line is that some of these funds, even though they need money, are buying up assets that they wanted all along and they're buying them cheaper than they could have got them before. So they're playing chicken, man. They're playing chicken with their fed, their central bank. We'll see how it shakes out, man, but, and we all know, and evidently they don't know, that things can get even less expensive. That's what's really bizarre. So let's go look at this pound for a second because when you're talking about a contagion, okay, so the pound's not that bad, man. I mean, yeah, I mean, it's got smoked. I mean, the pound of six months has gone from 130 to, into today, it hit a buck. But right now, you know, let me just look at this. I think this looks like a 38% retracement of the move. It's a 50, so it's a 50% retracement of the move. That's a normal move. So we'll see how that basically shakes out, man, meaning that if they can get up and going. What we all can learn here though, right? For sure, is that when you're in a fee of currency folks, right? The bottom line is that they just keep printing money, but that's what they're gonna have to do. That's the bottom line. That's what they all have to do. I mean, that's how it goes, man. What do they do? They don't print money, what do they do? The banks implode, the banks implode, the banks have everyone's money. They, you get the gist of it. It's a roll all the way down the hill. Let's go into the Dow Industries and take a look at the strength versus the weakness inside the Dow Industries out here today. Movers out here. You have the top mover is Goldman Sachs. That's putting 20 positive points. United Health 16, Amgen 15, JP Morgan 13. Taken away from it, Home Depot, nine and a half. Walmart nine and a half, Walgreens three. Nothing heavy, man. There's a few big plus points, but nothing really heavy. Home Depot. Let's go take a look at Home Depot and see what this is looking like. We pull this in. Okay, so they put this on a three year. So on a three year, you can see what's saving it here. What's saving it is that you had a nice high volume spike at 278. That's the saving it on the way down. Not much here, man. Do the only look at toll brothers. We'll look at a couple of these housing because what we have out here now, you probably heard out here this morning, the bottom line, you get the mortgage, 30 mortgage rates, banging out 7%. And just so you really understand something, the headline news there was, well, where we are anyway, 7.12 or something. The bottom line, folks, is that that's an 8% mortgage. Yeah, probably higher than that because that's your rate. They're adding on points to the rate. Then you get your closing cost. So there's big numbers out here, man. There is definitely big numbers out here. And then it comes down to the point of, who's going to sell? No one's going to sell with longer mortgages because it seems like you're just making money. I mean, that's how it seems to shake out. If you get a 3.5%, 4% mortgage, it seems like you're making money. Let's go over to the oil market. So the oil market bottom line couldn't handle higher price. This pulls back. So pull them back into 3.30 and you get 297. What this oil market didn't do, by the way, okay? Let me just see this for a second. The first high, 97.91, 96.82. Okay, do you want to see something crazy? I mean, the talk across the world is oil, oil, oil. Well, guess what? Oil's on a downtrend. You get three lower highs and I have three lower lows. What's a downtrend, man? Yeah, I mean, bingo, that one. And then you just take this all the way down. You can see what's happening here, man. So now the highs they just missed, but the bottom line is that that's a downtrend. And that downtrend has actually been going on for five months since 112. And what does that set up? That sets up the aspect, folks, okay? That things are gonna slow down. We're gonna need less oil and all of the above, okay? If we go into, let's go into the cars because what you're gonna see next is that, you know, we're in this situation where use cars are just worth so much money. Well, bottom line, all that is taking care of itself. If we go to GM, we take a look at GM right now. We put this on a monthly. Look at this, this just keeps coming back. Look what GM did. GM went to the highs of the lows of March. That benchmark, man, is there. And we all better keep that in our minds. So the highs of the lows and GM was $32.32. We hit 30.65 in June. We hit 33 in July. And we just hit 31.10 this month, okay? This, the highs of the lows of March want to get hit. We do, let's just go over to Nike again. And it's when you pull up these larger companies, folks, okay, GM, I would, I'd discard, I know. But I wouldn't discard Nike, man. I mean, you know, and the reason I wouldn't discard Nike is that they're an amazing business. They've always been a great business and they can't get out of that bar. The top of that bar was $94.00. Well, they're at 88 now. They're in the bottom 60. They can't get out of it. And what does that say? That says, like, guess what? US, Europe, worldwide. If Nike can't do it, are they gonna price Nike out at those lower levels, they're gonna price the rest of the market out at those lower levels. Stay right there, folks. 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 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 guarantee so you have nothing to lose. 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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. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn. Educating investors. 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 compliment 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 formation setups, including Gartley's, ABC's, 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 software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks of Dow. Dow Industries up 48, Nasdaq 14, S&P's down one. Let's go inside the MDX100, take a look at the strength versus the weakness there. Strength, Moderna. Moderna is up by 9%. You got Airbnb up by 5%. Lucent's up four, and the PepsiCo is up four. PepsiCo can be with good numbers. We'll go through that in a second. Taken away from it. You got XL Corporation down 3.6. American Electric's off 3.5. Splunk is down three, and XL Energy is off 3.8. Let's get over to Pepsi for a second because they came out with numbers this morning. So the lows 153 for the year, the highs 181, they pay a 2.7% dividend. And, you know, bottom line, you can see the pop that come out here. Here's the bread that they made. They come in with numbers, man. That's the bottom line. They come in with 22 billion to the top line, made a dollar 8.97 to the bottom line. So they're still making money, hand over fist. They do, let's see, they're pretty evenly, they do 44 billion in the U.S., 34 billion internationally. Look at these numbers, man. They still, you know, for junk food, they're still basically going up. They're going up about 2.5% per year. That's, you get 2.5% in the beverage division, 2.5% in the Frito-Lay. Yeah, they got some action out here. Let's go take a look at Caterpillar. So Caterpillar's trying to do an ABC structure on the way up, folks. And bottom line is that we had out here, yesterday, yesterday, it, you know, got the pop. The B point out here is that 180, 1998. I didn't have the volume yesterday, doesn't have the volume today. We'll see how this baby shakes out. Now, deer is set up the same way. So they trade together, there's no doubt about that. But you can see deer is set up the same way. Deer, you know, yesterday had some decent volume. That had 7, no. That had 1.4 million versus 1.6. But my take is that it looks to me like both of those are actually gonna pop. Cause in a bad market, bottom line is that they stop pushing and, you know, any equity that is pushing in a bad market, folks, you wanna pay attention to. That's the bottom line. You know, that's what it comes down to because that's UCO. Okay, so let's take a look at UCO. I think this is a inverted oil stock. Okay, so this is the, okay. So this is a pro-share, exchange-traded fund. The fund sees daily investment results of twice the daily performance of the benchmark, which is the Bloomberg Commodity Balanced crude excess return. I don't know what that is, man. That's the bottom line. Let me see this. Yeah. Okay, let's bring it up anyway. I'm not quite sure what's inside this. That's the real bottom line. Technically though, you're pulling back with light volume. That's saying that this thing does, yeah. So you're pulling back today with one million shares. You're going into 4.4. That says it wants higher price. So this is the fund sees daily investment results of twice the daily performance. Yeah. I don't know what the, you know, these are always tough because you can see if this is twice the performance of the benchmark and its oil, well I guess the $30 oil is down this, no, that should be up. Yeah, I'm going to move on on that because it's always hard if you're trading an ETF and you absolutely don't know exactly what is inside that ETF should really careful because, you know, I don't know what's inside that. That's the real bottom line. I don't know if it's off the price of oil. It looks like it's off the price of another industry. That's how it seems to be shaken out. Let's go take a look at the GDX, okay? We take a look at the GDX. You're up 16 cents. You were coming into 37 million. Yesterday we did 25, okay? So this is still not a bad setup but we just don't have the movement. The move, there's no doubt that it looks to me that the CPI is going to be what the movement is all about. That's, I mean, this market is sitting there waiting, waiting, waiting. And, you know, if it comes in with a hot CPI it's going to make a difference. Well, when I say it's going to make a difference, I don't see that the, no matter what the CPI is I don't see the aspect of the changing to 75 basis points and 50 basis points because it'll choke everything. They're going to choke everything with that anyway. The real question is going to be, you know, I guess if you're going to get a really hot CPI, you know, they jack it up even more. You know, we'll see how that works out. The thing that, you know, it's going to be really intriguing here is that if you remember the, in 2008, this is, if all the folks that were out in 2008, you got to start thinking about what was thrown on the table when the bigger banks got into financial trouble. Okay, and it's not, my take is that, you know, the U.S. banks are in fairly decent shape. But I expect that what you're also going to see is that the, they're going to have already lended to the European banks. That's my take on it. And if you remember, do you remember? So this would happen in 2008. And this was like pretty wild because they threw accounting standards out the window. And specifically what the Fed allowed was that you did not have to mock to mock assets inside of the bond market. So we're back on the, you have to absolutely do that now according to accounting standards, okay? But if in fact, Europe doesn't implode I expect what you're actually going to see, that type of contagion, one of the first things, later it won't be the first thing, but I suspect what you're probably going to see is the aspect that if it gets weird here, they'll turn around and say, okay, you don't have to mock them to the market. And so the way they got away with this, so watch what happened here too, because all of those things they did not mock to market they made a fortune on, right? So what happens is this, the way that the UK got in trouble is that they bought the bonds, but then they gave the bonds to banks for derivatives, okay? So it's collateral, they got to come up with more collateral and they don't have any cash, they're broke. They're broke, that's the bottom line. You know, they can sell assets, but of course it always happens that they're buying assets that you can't sell. So they're broke in general. So what ends up happening is that there are assets that no doubt that are sovereign bonds, that are bonds that are going to be paid. And because the interest rate structure goes up so quick, the bond itself, let's say it paid a 100 cents on the dollar, 110, the bond's probably worth 50 or 60 cents, right? The bottom line is that, you know, over the course of 2030 is they're going to be paid back, now they're going to be paid back in fiat money and they're going to be paid back at an inflated cost. Why? Because the bottom line, every time you get inflation, okay? If you borrow, you know, whoever borrowed $100 like four years ago, that's awesome, man. The bottom line, you're paying back probably 75 cents. You're not paying back to save $75, you're not paying back the same $100. That's the thinking behind the aspect that you don't have to, you know, mock to mock it. We'll see where it shakes out. But if we get to that point, then you know that the system is in trouble again, you know? And I suspect, well, we may not see that here, but we will see that in London, I bet. I mean, that's how, that's what may come out of this whole deal. Dow Industries up 90, Nasdaq up 29, S&P's up four and a half, stay right there folks, come right back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a seven 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. 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US pension funds, UK pension funds are offloading collateralized loan obligations as the nation's bond markets plummet and at least some investors fear the CLO prices. Could fall further because of the key risk embedded in the securities. The managers have leveraged loans and packaged into bonds. The risk is resulting security stem from guideline that can constrain these in managed less than 7% of their portfolio should be rated in CCC. So this is interesting. So what's happening here also, they're getting the small sides, man. This is what happens with these deals, man. Once you basically can't get the cash to pay off an initial loan, right? At least you call on it. Then you start moving other things out. And bottom line is that this is what a contagion's all about. And the only time that I've seen this and it was, thank God I had been in the market for a while at this particular point. It was 98 and it was the agent contagion. And what had happened, folks, is that the thing that was amazing to me about that more than anything, and that's what I think we'll see whether this is happening over here, is that the agent contagion, you know, the bottom line is that that had been going on for like almost like from April and it didn't implode until like July. Yeah, there was like three or four months, you know, but it seemed like it was, oh, that's the other side of the world. But it really wasn't the other side of the world because it kept reported on, the journal kept reported on, Wall Street Journal kept reported on, it was on Bloomberg on a continual basis. You know, the bottom line jumped from Russia to Indonesia. Well, actually jumped from Indonesia to Russia. And then, ba-boom, okay? And it was the ba-boom because it happened to be a American fund manager, you know, who basically had loaded up long-term capital. Yes, thanks, Peter, and in a big way. Now the amazing pot, right? Listen, this is, listen to this. One second, I'm gonna just pull this up. I should know this by heart, okay? But just meaning, what was the capital losses? What I wanted to know was that the long-term capital, when we take a look at the amount of money, okay, that we're talking in the long-term capital deal, right? It was like shot money, okay? In the aspect of what we deal with now, you know? The, yeah, I'll pull it up in the break. But you're talking about shot money, you're talking about like, it's just crazy, okay? Yeah, it's basically one-tenth of what it is, something that's a couple of times to say. But it was, it's actually unbelievable when you actually get it. I'll have it on the next deal about how much money we're talking, because we're talking like, there's individuals now that basically have more money. Yeah, here you go, okay. So picture this, it was three to 4.5 billion that almost brought down the system, right? Really? We're talking trillions now, folks. Trillions, you know? Like when the bonds went up in Europe or even the bonds here, you're talking trillions with a T. That's how much leverage is out in that system. And the cool, well, thank God we're not in the UK and folks in the UK I feel for ya. Particularly I feel for some of those funds because I expect what's gonna happen. The funds are the ones that, well, if the employees that end up taking a hit, that's what it comes down to. Let's go take a look at the Gold Bugs Index and see what that's looking like. A couple of these gold stocks there, they're pulling their head up right now. I will pull up the dollar in 1998 too, yes I will. Let's take a look, okay, so, yeah this is a decent setup. We've done a 50% retracement yet, light volume, no doubt in the way back, and we'll see whether they can get higher. So let's pull up the dollar in 1998, right here. Let's trade in a hundred. Basically a hundred, yeah. Most of the time it's been pretty stable. That's the real bottom line. We'll see how this number here is about that 121, we're at the 113, but you can see that last spike bottom line was 106 to 114. This thing can get into that number in a second, man. That really can. I'm sure that you have all these, you had, so there's a lot of meetings take a place simultaneously, meaning dollar meetings, folks. You get the IMF, when Bailey came out, he was at the IMF in Washington D.C., or Connecticut at the bottom line, they're having their meetings, I don't know, the Washington D.C., the IMF is at. Then they get that hedge fund meeting in Connecticut. The IMF, yeah, they're all scratching their heads right now trying to figure out how they're gonna bail out these funds without the rest of the banks getting smoked and without the aspect of the panic inside of public markets. You know, what did happen overnight last night was in Vietnam, one of the fifth largest bank, bottom line had a run on the bank. And what ends up happening, the government came in the middle of it, they turned around and now they were special of the day, they're paying 9.5% if you go put money into it. Can you imagine that the propaganda behind that, okay? We got a run on the bank, the government had to come in and help, but I'm gonna give you 9.5% today if you give me my money and yeah, you get the gist of it. There's this problems out here and the problems no doubt come from the aspect that money was very inexpensive for a long period of times and what does happen when money is very inexpensive for a long period of time is that it's not utilized as it should be. That's what it comes down to because you gotta remember something that most of those managers are gonna get paid in performance and if they don't get the performance they're gonna get fired. They don't lose money man because most of them don't have any skin in the game. Most times what you have with those large funds is that the bottom line, they are professionals, they probably try to do their best, but the schools that they go to teach them flat out, take that bond market, leverage it up to the hilt. If you do well, you're gonna have millions of dollars and if you don't, you're gonna get fired but guess what? Someone else is gonna end up hiring you again because that's just how that whole business kind of shakes out. Market-wise out here, if we take a look at the larger volumes inside the NYSC and the Dow 591, actually, let's go over and look at ExxonMobil, we'll do that as soon as we come back too. Stay right there folks, come right back. Analogy around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com. Did hit Watch Tiger TV. Welcome back, folks. So let's go take a look at Exxon Mobile. So Exxon Mobile out here, trading at a price point of up 44 cents. And I don't like what's happening with today. I can tell you that. You're up 45 cents, you've got 10 million shares, you're down yesterday with 17 million, you know? So it might take, you know, as the last time we were here, but it wouldn't hold that high, okay? Because you see that it was going after the high, 24 million shares, 23 million going into this 33. Came down, you know, bottom line, my take is gonna back down. And I heard, you know, when Steve was talking about the aspect that on a yearly basis, you very well could have an ABC structure on the way up. I understand that, but you're gonna have to, let's see, where is that happening? Where is that? I have to put that back for a little, let me see this. Yeah, I have a hard time actually seeing that because of the way that it did more than, yeah, but then I was 100% retracement, you know? So, you know, I suspect that it looks to me like oil in the whole bottle of wax is pulling back then. That's how this is shaking out. So it's really gonna be intriguing because, you know, that's what the Saudis claim, the Saudis claim that there's not gonna be enough demand for their oil, that's why they wanted to do it on a monetary basis, you know, who knows where that baby goes, but oil looks to me like it's backing down anyway. So what we'll get interesting is that if the dollar backs down, then oil can, you know, find a spot. There's no two ways about that. We'll see where that baby is shaking out, but some of these other central banks, or maybe even narrow, they're gonna have to do something. All these current, can you imagine if all the currencies are worth, like, you know, like half, half of what they were worth? I mean, then you're just gonna see U.S. funds going across, you know, the pond, buying, buying, buying. There's no doubt about it. You'll see you're gonna have a flat market out here, folks. This market's waiting for the CPI. Always remember, folks, the bank and claw your heart out, the book can run you over, and thank God, there's always another trade. Health app is in prosperity, have a great night, folks. Have a safe night. Come back and visit Tommy tomorrow morning, kicks us off nine in the morning. Great show, folks. Yeah, we'll get him, folks. Building wealth.