 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Oh toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. All right, looking good, Billy Ray feeling good, Lewis. Welcome to the offices of Duke and Duke, 100 South Broad Street, Philadelphia, Pennsylvania, 1-9147. We're going to start the show like we usually do looking at the German Dax. That's the big reason why we're having this big up move in stocks early this morning. You can see the beautiful ABCD pattern that completed there just a few days ago, much like we were doing there on June 3rd on the new moon. And now we've started to go higher. We've just been informed. We've been up six days, 120 handles in the S&P. And we do for a correction, but whether corrections come or not, I'm not sure. We're going to change focus a little bit and work on cycles, folks. I'm going to post you a cycle that we've just found and we're going to start looking at it a little more clear. This month, very unusual, we get to look at the moons of Jupiter. If you have some powerful binoculars, you know, with a 50 power, you'll notice the full moon there. And then you can see Jupiter there with its moons. There's two of the moons of Jupiter. I think it has six or seven moons. I'm not even sure. But you can see both of those with the regular binoculars. Now, how do you make any money with that? Well, fortunately, I've been able to develop a program to show you how to handle those full moons of Jupiter. So I'm going to share it with you. This is only going to be a one-time event. So let's take a look at it. I'm going to bring it up here so that you'll be able to see it. No, that's not Mount Lemmon, Jim. Those are the Wasatch Mountains up by Salt Lake City is where that was taken. You'll notice here that the oscillators that I'm using on the bottom, these are all proprietary. You want to buy when they're going up and sell when they're going down. You can see the lines very, very clear how to trade the S&P off of this. And if you would like to subscribe to this one-time event service of Trading the Moons of Jupiter, you'll contact me directly. It's $3,000 a month, 10 months in advance. And just make up, I'm sorry, folks. The last one has just been sold out. So it'll have to catch us on the flip side the next time I come up with something interesting. Folks, someone sent me this chart and asked me what he was doing wrong. I really, I didn't know what to say. I mean, there's so much stuff here that I don't think anybody could just determine, you know, what to do. So I told him, I said, just go back and try to just look at a bar chart and see if prices were going up and, you know, whether prices were going down or not. I referred to him. I said, you know, even the Elliott Wave people, you know, have some simple things that make it real easy. They have these things called the, yeah, sell Mortimer sale. Get back in there. Anyway, you can see the, you know, the structures of these things. Their markets go up, down sideways. That's what you're trying to do with pattern recognition. We know two things. One, they repeat over and over again. That's one thing. And the second thing is, the repetition that they repeat in is predictable within limits. And that's what Dr. Low proved in his book, The Non-Random Walkdown Wall Street. It's all you have to do is study it. Look at the ABCD swings on this. I mean, they're harmonic. They go to harmonic numbers of 618, 786, 1.27, the ABCD structure there. Do they work all the time? Of course not. But nothing works all the time. That's the key to this. So try to keep it as simple as possible. I don't use oscillators because oscillators are based on usually moving average or that type of thing that are, they're indicators that are based on past data. And all we're doing is to try to predict what we think the future is going to be. And that's the real key to, you know, what you're trying to do. Are you going to be right all the time? You're never going to be right all the time. Impossible. You're never going to happen. You know, so that's got to pay attention to that. Okay. Someone's asked me. Okay. I want to learn to get. Yes. I remember that. Hold on one second here. We want to get over here to the next one. I wanted to cover which was the, the most important chart this month, starting the month for me will be the one that I post next and I will give it to you right here. Let's just get it up here. And we'll be able to take a look at it. This is the treasury note chart. Okay. Friday. We hit the exact 61% retracement on the weekly chart. Going back to 2016. That was the high. We made a 61% retracement of the high from 2016. Not only that folks, we did it very, very unusual. The fact is the 30 year treasury bond could not make new highs. It missed the high by oh, maybe six or eight pips, but the treasury notes went up and made a 1.27 expansion of the high we made last Friday. So from Friday to Friday, the T notes went up and rallied to a 1.27 expansion exactly at the 1.618 number. Folks, that to me, it really means a lot whether it does or not. I don't know, but those are things that when you get to be old, you get excited about things like that. Well, today. Oh, one other thing that happened on Friday, we had a drop in open interest. Believe it or not, the open interest in the treasury bonds dropped. Okay. Not a very good sign. The open interest in the treasury notes were up marginally given the fact that the news was so bullish and it was an upside breakout. So we'll see whether that's going to be the, you know, to be the case or not. We'll have to see whether that's going to be or not. Okay. Let's move on here and talk a little bit more about these notes and bonds because this is a real quagmire for me because I get emails all week and long. I've got five of them actually, two of them from people that I haven't heard from ever before. And they were talking about the negative interest rate scenario and the fact that Stanley Drucker Miller, the great trader from George Soros, along with Jimmy Rogers had sold his stocks and he was buying treasury bonds because he believes the yield is going to go to zero. And that will be a huge move if it does that. Anyway, I don't know if that's going to happen or not folks. I really don't. Those guys are really smart. And when I read what they're telling me why negative interest rates are coming, it doesn't make any sense to me. I must really be naive. I don't know. So I look at the charts. I do know one thing. If we get back above that 61% retracement in treasury notes that will take to the spot note the September to 128. If we get that above 128, I'm going to say cyanara to the short side and we'll see whether that's going to be the case. But right now they did gap lower. And that was a big surprise. You know, bonds dropped $1,000 Sunday night on the opening. We moved $1,000 higher in the S&P on the opening and gold. We'll talk about gold when we come up to the next break. But the main one is this treasury note and treasury bond charts. These are long-term charts and stopping at those exact numbers is very important because the treasury note market is the largest of all the futures markets by a factor of six. There's nothing that is not even six times as big as the volume and open interest in the treasury note. So that's what that means. To me, it's important. So, you know, we'll see whether that's going to be the case or not. We're going to cover the gold after the break here, of course. And then later on we want to talk about the corn because the corn is setting up really nicely here. And also we want to talk about the little piggies. And so we'll see whether those work out or not. But that's for 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or a bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Tfnn has launched our brand-new website. You can still visit us at the same tfnn.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. Oh, toll-free at 1-877-927-6648. Internationally at 727-873-7618. Okay, Ruby's asked a question about what technical analysis was like, you know, way back in the late 50s, early 60s. Folks, there was just virtually nothing available there. There really wasn't very much happening at all. 1975, Futures Magazine came out. That later became stocks and commodities. They would publish articles. Traders World from Larry Jacobs out of Kansas City came out with something in late or mid-80s. There were a few newsletters that talked about it, but there was really no access to this stuff. The only way if you had access to something like Don Max Investment Center Bookstore, which was there in Monica, well, it was West LA. You had everything you needed, but even then, these were the old books by Schabacher and all these other guys that were really, it just was amazing. George Cole and John Hill was the one that led me to that. I had access to that, and Don Mack knew which books were the best. I had access to look at it, but we really didn't start to get any of this of any value at all until the early 80s, around 1983-84, is when the Compute Track came out out of New Orleans with, gosh, I can't even think of Tim's last name, but that was Walt Bresser and some of these guys that brought the charts on the computers, so we could see them. You could actually look at these. Before all we had was the Bunker Rainbow Boards at places like Dean Witter and Conti Commodity in places like that, so you could see the charts come in. If you wanted an intraday chart, the only thing that was available was ADP, Automatic Data Processing, and it was $10 to put a five-minute chart out of soybeans or whatever you wanted to see. Remember, we didn't even start trading gold until 1972, so we're looking at about 20 different commodities. There was really not much there and very little to write about. Even the old masters, the guy that did it all was Gartley. I mean, he was way ahead of everybody else. I mean, Elliot did some stuff 1938 that became popular later on, but Gartley had covered all that stuff in his book from 1935, and well, that's my opinion, of course, but that's basically it. Over the years, it became popular to write books and used to make money off of it. Now you can't because all the books are printed on the Internet overnight and the publishers go crazy and Amazon gets rich, but the information now is just quite a bit, but you had to dig it out back in those days, and that was the key to do it. The only way you dug it out is if you were trying to build your way back, and that's what happened to me. So anyway, that's what I'm watching here as we look at some of these things. Let's move over here to the gold market because we had some big things happening here in gold. I covered this in Sunday Night's video that I sent out here. You'll be able to see. We made that double top up here. We took out the highs of February. Can you imagine that silver is only at a 50% retracement of that level and platinum hasn't even moved, and we took out this high. This tells us that my first indication was that we were most probably getting ready to have a correction in the gold after we hit that and the way we closed here at 1344. I said that in the newsletter. I said, you want to sell your gold on Sunday Night, and the reasoning for that is we hit all these major numbers. Look at this one. This is the XAU folks. Remember, this is the front door and raise the rent. Let me get this up here so we can see it a little better here. Here is the XAU. This is the actual index for the gold silver index. We went up and made the 61% retracement of that high that we took out in gold. In other words, the gold took out that high from February. All we did in the XAU was make the 61% retracement. If we take a look at the ETF or the XAU, you'll see that that is the GDX and that is, you know, we took that out and we're probably getting ready for correction. And that's what I thought we were doing. We were up eight days and when you looked at the sum total of the gold, the silver, the platinum, all of them, it said most probably we were getting ready for a correction. And what the correction is going to do and all we're doing is we're just looking at numbers, folks. We went from 1267 in the gold all the way up to 1354. That's $90 an ounce and just a regular harmonic number down, $34 takes you to 1320. So 1320 is what we're looking at this week for our potential bottom in the gold market. Now if we go below 1320, then that's going to be a totally different thing and we'll have to review it. But that's what I think is going to be happening here. And remember, you know, you're wrong a lot and you know, and sometimes you're right. Like my grandma said, you've got to kiss a lot of frogs in the old pond before you find the princess. And she was certainly right. She also gave me two quarters when I graduated from high school. And I said, Grammy, I said what's this for? She said, well, when you get on the bus and you don't find the girl that you have your dreams on the first bus, you've got a quarter for the second bus. And I still got that second quarter. Anyway, let's move on here to talk a little bit about the platinum market because it has been lagging really badly. We've had a couple questions about it. Today it's actually moving counter to the rest of them, mainly short covering. And we'll see what's going on here. You'll be able to see here's where we are. I think we're trading around eight right where we are right about now around 806. We made a 78% retracement overnight and then we bounced a little bit. So it's acting actually okay. My long-term view on gold has not changed. I just believe we're due for correction here after a $90 run in the fact that we're seeing these divergences between the gold silver index to GDX and the silver. I didn't even bring the silver to your attention. But here, remember, we just made a new high in February. Look where silver is. Look where silver is compared to the February high. That was $1620. We're a dollar an ounce lower. I mean, that was $1620. We're a lot lower than that. So that's not a good sign. We're at $14.75 and silver down 25 cents in silver today. So we're getting correction. This is what we're expecting to happen. And sometimes your expectations are not met. And that's usually the signs of all your frustrations. Now we've been asked to take a look at Bitcoin. I wanted to bring it up here to show you this. I'm going to give you two versions of Bitcoin because it's a long-term version in here. But this is the one that goes back to January of 2018 when we were making that big move up there at $19,000. If you look at it really closely from that high there at $19,000, if you'll go down and see that three-drive pattern that is there that started in about November, late November of that year to January, you can see three really nice drives. If you blew that up and took the time to look at it closely, which I certainly would hope you would do, it would really give you an idea that this three-drive pattern that was that we were on the air at that time talking about it. Let's blow this up a little more so the folks can see it even better. And then we'll see what we've got here. Anyway, now we came all the way down. We went a little below the 78% level. That low actually was around 81%. And now we've rallied up quite a bit here since December. We're trading around $7,900, I believe. And I think we're going to go back off a little bit. We're seeing some signs of some really good correction coming in here. And we'll be able to see what's going to see what's going to happen. Okay, hold on. I have a big horse left at my front door. Larry Pezzavento has just started his brand new service Fibonacci 24.7 and he's already delivering content to his subscribers on a daily basis when the market's opened and even on weekends. Each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you with daily trading. In Larry's first week alone he sent out 25 charts, six videos, and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24.7 is something that you must try. Right now, new subscribers can get a full 30 day money back guarantee. With nothing to risk, sign up now to Larry Pezzavento's Fibonacci 24.7 by visiting the front page of TFN.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30 day free trial today, log on to TFNN right now. 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 going to 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 at www.fnn.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 Okay folks you're back and I wanted to talk a little bit about the corn. We topped here about two weeks ago in the midst of all this problem with water which still exists that was the 1.618 expansion going back to June of last year. We've been coming down relatively nicely. We're trading around 4.30 a bushel today in Christmas corn. When we get down to 4.20 should we get there we're going to be interesting to see because we'll be fulfilling a technical picture right out of the textbook for H.M. Gardley. That will be there's a gap there at 4.19 there's also an ABCD structure you can see that going back to late May to where we are right now we're down to we're into the second week of June already this crop I mean this corn is not planted now it's not going to get harvested most probably folks so there will be a problem in the corn market the question is how bad is it going to be and if it occurs now remember I'm a technician folks and I have a real difficulty time because I have a lot of friends in the business that give me their best shots of things that and frankly I can't I can't assimilate the fundamentals because it really messes me up so I try to listen to what it is and then just shake it off and look at the charts and that's not an easy thing to do because as a technician you have to decide you know what do you believe in do you believe in what you're reading or do you believe in what you're seeing and that's why I came up with the title of the book trade what you see you know actually the title came from Leslie's Juflis a girl that helped me write that book her husband Gary was the one that came up with that and I thought it was one of the better titles that I had heard and I've used that as the lead on all these things but this gap that we have at the 382 level is going to be a perfect 38% retracement of the low we made back on the 13th of May we do still have problems with water across the Midwest there's no question corn in now sometimes you'll get something but there won't be anywhere near or the yearls that you're looking at and we're running into some problems here worldwide because with all these tariffs and stuff you know the world does need food the one thing the difference between you know the crude oil contract and the corn contract is that oil is indigestible so you know everybody you know they do like the tariffs or not I really don't know I have no concept of whether that means anything or not all I know is if we get down to that level at 420 we're 10 cents away right now that would I would love to see it take three or four days to get there that means the selling would be you know a little bit you know abated so I to see it make it the first day I mean by the boom it's the old highs I mean if you can't do that you know put on your little white cap and go to work for McDonald's flipping burgers because this is what you wait for you know as a technician the question that Ruby asked earlier about what was available back in those early days was very little we didn't have the CFTC until 1975 and I think the NFA in the 1980s and you know of course the SEC had nothing to do with that stuff but that's when we start getting some regulation with margins and things like that but it was basically the Wild Wild West it was the firms actually determined what the margins were and you could trade with a debit balance at the firms if they allowed you to because it was their money the beans look the beans look like they could be bottomed they don't have that beautiful pattern that the corn has the corn has just an absolute perfect bottom there that looks pretty good we've been asked to take a look at the August lean is that that's is that down on the day Steve I think it is down a little bit what is the low of the day Steve do you know there are a lot of different reasons so we'll see if that's going to be the case but I don't whether it gets to those lows or not I'm not even sure the question that we've had is about the crude oil I believe crude oil has made a really significant bottom in here folks I I focused on this last week a little bit and again this week in the newsletter it will be able to take a look at this is eighty two sixty five okay all right currently it is trading at there are now holding thank you very much eighty two sixty five that's fine let's take a look here at this the spot crude oil you'll notice that the low down here the fifty sixty one percent retracement came in at fifty one twenty five the low on a fast tick was at fifty sixty we rallied four dollars a barrel in just a very very positive sign I thought there would be strong support around fifty three ninety in the in the crude oil all that is is just basically eighty eight cents off the top that we made overnight that happens to be eighty points is the harmonic number in the crude oil you see that happening more and more and so I just thought that might be the low whether it is or not you know a quag as a sophisticated wild accumulated guess but the amount of risk on that is only about forty pips which is four hundred dollars so you can trade a you know a fifty eight thousand dollar I wasn't fifty fifty sixty thousand dollar contract roughly or I know fifty three thousand dollar contract for four hundred bucks which is really good risk to reward someone's asked a question about the gold folks I just mentioned I will be at thirteen twenty in August gold I would like to see it happen in three days not one day and we're down sixteen dollars from the high we made overnight and no more than seventeen dollars so I would like to see it happen in a couple of days with a little bit of zigzag action up and down and then get there maybe really nicely maybe Thursday or Friday at thirteen twenty that would be a very bully sign if we get below thirteen twenty that's going to tell me we have a lot more problems and we have to respect that double top up there in the gold that we took out at thirteen fifty two and a half we went to thirteen fifty four and that was not a very good follow through and especially when you looked at the XAU the GDX the silver and the platinum all of those things are telling you that that's why you want to be out of the gold right now in fact if you got the video that I sent out Sunday night my quagmire to get out because of the fact that we have all these divergences and I felt it would be better to get out because the divergences were telling me there was not a lot of strength in these other indices that we look at along with the gold and so because they usually have a high correlation together that was my thought sometimes it works sometimes it doesn't just like everything else so far it worked but you know some days it doesn't who knows the currencies are acting okay but it's not about the the dollar index because we talked about it Friday the fact that it was setting it's such a real real critical level and it held that level so far at least but it's still quite early in the game to see if it's going to keep that up If you are in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these funds across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD program would give you 3,500 per year or 14,000 over the four years what should you prefer 6,200 or 14,000 of interest on your investment if you would like more information about the Tiger First Mortgage Program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the Dollar Bonds South African Rand as well as 25 different active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by sign up today will the SMP 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily SMP 500 bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective risks charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus 4-7-6-7-5-2-3 or visit directioninvestments.com a funds prospectus and summary prospectus should be read carefully before investing an investment in a funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC the bull bear binary option hour next on TFNN okay folks flash request to describe my opinion of the theory about negative interest rates I don't know what to say it doesn't make any sense to me I've had some really smart people Byron Tucker being number one in there along with a couple other people trying to sell tell me that this is going to be something in the future and you know they probably will be right but I don't understand it so I can't describe it because I don't know what I'm talking about which is prevalent a lot of times but I really don't anything about that it just doesn't make any economic sense to me at all so whether that's going to be the case or not I don't really know we'll see it's just a money game that these people are playing and you know whether all of these things are important or not I really don't know all I know is that we've got a situation where we've got $22 trillion in debt and we're fighting with everybody else and the debt stock market goes up because it does its own thing the stock market has a bullish bias as long as we stay let's take a look at this folks here's the S&P and you know if you want to see you know my idea of Elliott Wave here it is there's your ABCD pattern at the 382 retracement right the new moon when the Bradley model was turning we got up we're almost at the 78% level that comes in at 2908 we're only what 13 handles away which we should make that by 11 o'clock in the morning whether we do or not I don't know but it should get to this level the reason for the gap up from what they told us this morning real early which was about what three in the morning New York time that 12 o'clock Tucson time it was the fact that the German DAX was due to be a lot higher being five hours different so and it is higher and it did go higher remember they have the same problems that we do so all of this stuff is moving around but I don't know any anything more than that I mean everybody has an opinion on it and a lot of these guys are smart they send me articles from guys like Lacey Hunt and Ben Hunt and John Williams from the New York Fed and you know some of these other things people are talking about and you know what they say and what they do can be a whole lot different I've seen this with Warren Buffett my whole career because I've watched him you know manipulate not manipulate but use the silver market to get rid of huge positions I have charts of that you know that if you ever wanted to see him that you know where it shows where Berkshire Hathaway you know was supposedly to have a 10% of all the above ground silver and yet when the report came out they were selling at the high day you know and it was and you could see what was happening because the open interest was dropping that's why I'm looking at the treasury notes and treasury bonds if this is really bullish and if it is really bullish then the open interest should be increasing people should be putting money in to negative interest rates and buying the notes and bonds they are not doing that we've been here two weeks they've done nowhere but roll over that's not a good sign now if they go above that 128 in that treasury notes guess what I get the old garlic out put a little parsley on the old crow and I start eating crow again I love the taste of it you can put enough garlic on it it tastes exactly like escargo so when that happens then I'll get out other than that I want to see it the same thing with the corn I still think we're going to make 420 I might be wrong but you know we'll see but it's been two weeks now that we've been in this consolidation and that corn that corn crop is in big trouble there's no the pepper sauce is too much for me Mr. Z it's a little too hot I just add a little extra garlic so anyway Marshall you're making my mouth water my friend Marshall is telling us about my favorite pizza place here in Tucson Rocco's out of Chicago man it is really a good place and of course we he and his wife we go there we also go to Guadalajara do you guys ever get to Tucson you know come by and we'll take you out to some of these nice places to eat that's a good old good old cowboy cuisine you don't have to worry about the black tie waiters and stuff but it's a fun place fun place to hang out the temperature today is going to be 95 big ones which for you it's about 80 degrees just about any place else because we're at 2,500 feet here in the desert and there's very little humidity as long as you don't get above 103 here in the desert it's really balmy but when you get above 105 it hurts and of course you go up to Phoenix which is 900 900 above sea level we're at 2,500 here in Tucson you're really hot up there it's probably 108-109 it's much much hotter and you've got to be even more careful you know being outside and just for you those of you that I gotta kill some time here but the one of the things that you have to do when you're in the desert it's not when you're in the desert it's your skin that's a problem because your skin is your biggest place for losing your water and that's where you get dehydrated and by the time you are thirsty you're in big trouble so you got to continue drinking water all the time should have no problem put on sunscreen and it's actually a pretty good place just because we have more dermatologists here in the Southwest and all the rest of the country per capita should tell you that you know skin cancer is not a good thing so you got to pay close attention to that alright I had one other thing that oh I wanted to tell you a funny story my good friend Steve Shapiro from the old days at Pismo Beach we used to go there every Monday morning we would go down for locks and bagels Mumzy Steve's mom would make bagels from scratch and we had fresh salmon right off the dock and cream cheese and we did that everybody whoever was in town Bryce Dr. Jimmy or Mark Douglas whoever it was we always had a big group there and anyway Steve called me and told me he talked to one of my students from many many years ago Bruno out of Connecticut I worked with Bruno for three days I couldn't get him to understand ABCD three days he said thank you he was going to leave and I thought he left to go home when I came in Monday for the breakfast there was Bruno sitting at the table with Mumzy and Steve and Bryce Gilmore and a couple other people and he was like what are you still doing here oh we got Stanley Druckermiller on the line Stanley are you there no this is not this is not I am not John I am sorry are you still with me there what can I do for you John yes hey I wanted to let you know I thought I caught you this morning when you were saying that someone had emailed you over the weekend and said Druckermiller had liquidated his stock portfolio and went to Bonds yes well he was on CNBC with Joe Kernan and he clarified that position he said no I did not liquidate my stock portfolio I hedged myself and I went and bought some bonds he said just before we had that big big jump in the stock market he did it the day before okay so his timing was good to hedge himself but then boom the hedge cost him a bunch of money okay so to clarify if you look up on YouTube you'll see him interviewed by Joe Kernan I think it was last Friday this is great I really really appreciate this John because I might get two or three emails on a weekend you know asking about I got six just on this one subject so that's a good thing to do I'll look that up and maybe I'll just send it out to let people look at it because this is what happens you know people see they say something and it's not what really happens it's just because you tell if you have 25 people in the room and you start a secret on one and you go to the end you know some of those things that we're watching you know what I mean you're so right you know did you did you hear the story about David Ortiz this morning the baseball player no I did no I did not did you stay with us and repeat it we'll be right back after this break you bet I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trade that we Tigers and Tigers let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is I use it as transforming into one of the best at what I do Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too Sign up today If you haven't checked out the newsletters page of TFNN.com what are you waiting for and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors Basil Chapman has a special subscriber webinar coming up Wednesday June 12 at 5pm called The Tide In this webinar Basil will be discussing whether the tide is coming in or going out that is whether a trend is bullish or bearish in a variety of timeframes and Basil will be speaking specifically to indices currencies commodities interest rates and key stocks the technical tools that Basil will be discussing are available on almost all software packages that will be shown in historical context as well as live for current subscribers also gain immediate access to three archived workshops so you can get started right away when you sign up for all the details on the opening call and Basil's upcoming subscriber webinar The Tide this coming Wednesday visit the front page of TFNN.com and sign up today this segment is brought to you by Think or Swim for more information just click the think or swim we're talking with John out of Detroit and you were telling us about David Ortiz I noticed now that they're chatting that he was shot tie that together with the Druckenmiller story I can't tell if what we're getting in the financial publications is fake news or not and the reason I bring that up with Druckenmiller like I said I read the story about him getting out of everything going to bonds and then I see Joe Cairn talking about that so you know with the David Ortiz thing I get up this morning I read that he was shot in the drive-by shooting okay then I'm coming home from work and I hear he was shot inside a bark I walked in and just put the gun up to him and shot him in the back could have shot him in the head two different stories about what happened to Ortiz two different stories with Druckenmiller it's really hard to depend on news that's why I leave that Larry because I'm so paranoid about what I hear on TV or you know the internet or read you can't tell if these people are setting you up with the Druckenmiller story to go sell all your stocks so that you know what I'm saying so appreciate your show Larry trade what you see is the only way to go to my opinion my $20 check is in the mail to you my friend hey listen thank you for joining us yeah it's a good chance I love Detroit I used to go up there to visit Mark and anyway just keep us in mind all the time great information too I really appreciate that it really drives home the fact that you gotta be careful about what you hear in the news these days because man it is really a jungle out there there's no question about that well Larry I was taught a long time ago you look at the chart don't worry about the news whatever's on the chart the news is already in the chart I agree with that I've already got their money you know and what's going on on the chart not on the news the news is for the talkers like us yeah would you like to do the newsletter for me for a couple of months so I can take a break I'd love to hey hey John thank you so much I wish you'd call in more often it really makes my day so I really appreciate it and be safe thank you Larry you have a great day appreciate it love your show bye bye bye