 Welcome back folks. Dow, Dow Industries up 164 and Aztec up 41, S&Ps up 8. Let's go over to our man, Mr. Teddy Kegstad, as we do each and every Wednesday at 40 past the hour. You can reach Teddy every trading day, folks, at 4x-trading-unlock. That website is 4x-trading-unlock.com. Teddy Kegstad, what's happening, brother? Good morning, guys. Pretty interesting setups and the currencies going on today, I think. No doubt. Let's talk about it. Where do you want to start? Well, I know you like the Yen, so how about that little rally we have going on? That's like a balloon underwater, huh? That's scary to me, yeah. Let's take a look at that Yen. And what I'm talking about here, folks, is that it's at the top of its range and it's like, get out of that range, man. It failed almost yesterday, but that 109.73 is a big number. Absolutely. Absolutely. And I think the bull is going to stay there with the US dollar Yen for a while. Okay. Okay. So if that's the case, then let's see. I mean, what, that puts game on, I mean, does that, that could put game on to what? 111.112, right? Absolutely. I think those are very good price targets for the not too distant future, actually. Tom, that's not good. All right. What does that do to gold? Not good for the gold. If anyone's been watching the show, they know. We're going to keep our eye on that gold contract, man. Holy cow. Sure. Okay. Sure. Well, I think that the gold contract too with the whole Middle East thing finally coming to a little bit of a calmness on Friday, kind of gave gold a little bit of a hit. Yeah. No, no doubt. There's no doubt about that. And what's intriguing, Teddy, is that in my thinking, it's the first time that gold actually has traded like that in 20 years. We've had 20 geopolitical events, but gold, 20 years ago, folks, you'd see gold run 20, 30 points both ways like in a heartbeat. And that's the first time that it actually did it, which I think is pretty cool actually, because we'll see. I think it's just a correction what it's doing now though. I think gold, my long term, might be a really, really big bull. Yeah. No, I agree. I'm a bull. There's no doubt. I'm trying to figure out now with this yen, like even yesterday, why gold didn't actually really get smoked yesterday. Do you know what I mean? It came back to its breakout area. It held. It had light volume, but when that yen moves, you got to be careful in the metals market, man. That's the bottom line. Absolutely. Absolutely. So the euro is moving a little this morning, right? The euro is nicely getting a little bit of a rally there for the bulls, but I think that you're going to see a lot of range trading conditions now in the euro and also in the British pound for the next couple of weeks, because we have the Brexit deadline now. So today we have the first phase of the trade deal. It doesn't really impact the European currencies. It's more for the yen, but definitely with the Brexit on the 31st of January coming up, I think you're going to see pretty much a tightening of the trade for the pound and the euro for the next two weeks. I don't think it's going to be a swing trader's delight at all. Okay. So the 31st of January, I mean, is this one like something really important supposed to happen? Are we going to kick this thing down the canal a little again? Well, it's definitely the first marker on Brexit for sure on the 31st. That's the first stage of leaving the EU. I got it. Okay. Yeah. And then they have to haggle out the trade deal by the deadline is December, but we've been watching Brexit now for what, two and a half, three years. So if there's anything like that, we'll be talking about this trade deal between the EU and the UK for years to come. So, but I think the interesting currency really to watch right now that most people aren't talking about is the flight to quality, going on in the Swiss franc. It's a bull versus the dollar for sure. It's slamming new lows. I think that's the driver in the dollar index. And if you look at the Swiss versus the pound or versus the yen or versus the euro, it's incredible. Like I have not seen a currency trend this strong against the other major currencies and the velocity of the rally is just insane. Yeah. What happened to parody? Not anymore, right? 96. Yeah. Right. Absolutely. And I think this is a trend you're going to see like for the currency markets, it's really tough to gauge a trend for the European markets until this Brexit thing starts to get passed into February and stuff like that. Okay. But the Swiss, it doesn't seem to care. And even with the Middle East thing that we went through, it was just a speed bump. It just doesn't, it's a bull. It just doesn't seem to want to stop at all. So you're at 96. I mean, look at the bottom of this consolidation looks like 91, right? Interesting. Yeah. Right. Like if you look at the Swiss Frank versus the Japanese yen, it's got a blow off rally going on right now. And the same thing is going on with the pound also. I mean, the pound versus the Swiss, it's like a rock just falling down towards, they're just looking for a bottom, you know? Yeah. So it tells me flight to quality in the Swiss Frank. It's very, very strong versus all the global currencies right now, which is kind of weird because we don't have any real political fundamentals that should be driving it. So I'm curious as to what it is. This is not a technical rally that's going on. There's some fundamental that's driving it. Okay. And I don't know what it is. Yeah. That's interesting. So, because you know, it's so intriguing about that too, really, is that, okay, if that's moving like that, then I might still have a shot at the gold market. Interesting. Yeah. Oh my God. That's too funny. I know. So, but it is definitely an interesting trend that's going on. And no one's talking about it, even globally. I look at a lot of the currency crosses that are analyzed, you know, outside of the US. And no one's really talking about the rally that's going on in the Swiss. And I can't for the life of me figure out why it's so strong right now. Can you imagine what a big Mac cost over there now? I'm going to have one of my best friends. Oh, is he still there? Is Jay there? Oh, that's awesome. We can find out. One of my best buddies in Switzerland, I'm going to call him up and ask him how much he's paying. When I visited him, my thing was they don't, they don't sell much ice over there because everything's so expensive. So they don't sell ice because who's going to buy ice when, you know, it's just too expensive to even buy over there. Everything, everything. Big Macs man, $12, whatever it is. Yeah. $12 for a Big Mac. That's a circle. They don't have the two for $5 special going on. They don't have Florida prices or Chicago prices for their Big Macs. Right. And now, and now with that strength here, I mean, you're talking about monster bread here. There are two ways about it. You know, it's funny you mentioned the Big Mac too, guys, because there is a Big Mac index, which they use for currencies. And I wonder how that relationship to the Swiss Frank is right now because usually they peg it to the dollar. Okay. But it's an interesting, it's, I know it sounds absurd, but there really is a Big Mac index that you can use to. That makes sense. There's only one McDonald's, man. I mean, that's a great correlation of real value, right? In terms of what you can buy, what it's priced in. Yeah. The only reason we have money is to buy things, right? Hey, there's only one McDonald's, man. Exactly. See, that's, that's parody in terms of what's it, what's it cost? Where are you going to be? My God. Yeah. So. But they don't teach you in Harvard Business School. No, that's real value though. No, I'll have your business school. That isn't that, isn't that where all the Goldman brokers go so they can pay a billion dollars in legal fees so they can get away with their frauds, right? Yeah, pretty much. They're all connected out of there. That's for sure. That was a nice segue. You know what? I mean, I, it's just a non-stop deal with these banks. I mean, it's saying a little bit early, it's heavy. Imagine, you know, if you're a white collar criminal and you did something small and you're all sitting in jail, scratching your head like, oh my God, I didn't go big enough, man. You've got to go big, you know? Oh, and just think about what they're going to do once rates start to really go up and the banks really start to clean up on making money. Yeah, pretty amazing. For crazy. So, okay. So this week, the yen, the yen's thing we got to keep our eye on. The yen is, it's going to keep pressuring the highs, I think. I think, like I said, the European currencies, the euro and the pound, I think the next two weeks, it's going to be a range traders delight and a swing traders nightmare. You got to look at the yen and maybe this, well the Swiss, but that's a trend trade, no matter where it's going. And folks, Friday, Friday afternoon, Teddy's going to be doing my show, three to four. So, stay tuned. I really appreciate it, man. Three to four Friday afternoon. You have a great one, a safe one. Thanks, Teddy. Thanks, Teddy. All right. Take care. See you Friday, man. Stay right there. So folks, Tommy and I come right back.