 Aiding Investors. Presentation of TFNN. 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. This is awesome. Come on, Tau-le-vous. We're going over to Paris. What's happening? Hey, Tom. It's Adam from Paris. How you doing? I'm doing great. Adam, yourself? That's good. Long time no talk. I appreciate everything you've done for me and my family over the years, so. We appreciate your ground on problem with us. Yes, sir. I've done the gold reports and all the softwares and all your books and rep. It's generational. Thank you. You're welcome. Thank you so much. Appreciate it. Yes, sir. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We go five days a week. We go seven hours a day. We go 24 hours a day on the internet at tfn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Hope everyone's having a great day, safe day. Let's make it a great night, folks. And we missed the bullet here. We had a surge in water. Those poor people further up the gulf, though, telling you these hurricanes are dangerous situations. But send some white lights and prayers up the gulf, because this was quite a storm, no doubt. You have the power to create. Your power is so strong that whatever you believe comes true. You are that way because that is what you believe about yourself. Your whole reality, everything you believe, is your creation. I love this one. Knock it wise. Let's take a look at it out here. We have the Dow Industries up 46. NASDAQ up 81. S&P's up 19. Gold. Gold contract up $6.50, trading at $1,971 an ounce. You get silver down 11 cents. $0.25 an ounce. Light Sweet Crude up $0.44, trading at $0.8160, notes and bonds, a 10-year note. Up one tick, trading $11012, the 30-year, up two ticks, at $120105 and King Dollar. King Dollar down 362 ticks, trading at $103, $170. The Euro at $109. The end trading out here at $146 and the British Pound at $127 to $1 US dollar. Our phone number is 877-927-6648. Give us a call, folks. Well, I know what's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, we had a wide price spread yesterday. You had an expansion of volume. You got a contraction of volume today, but guess what? You've already hit the lows of the high. The lows of the high is $451.55. We've already hit $451.67. This is going to go to the highs. We'll see what's going to spike the highs. We'll see what it's going to do up there. That's in the spot. We go to the NDX100, the Qs, same type of setup in the Qs. And the Qs, my benchmark in the Qs is not the high. Well, that's going to the high. But what I'm talking about here is that the low of the high, well, the day afterwards is $375.72. Now, we went into that like nothing today. The same type of setup. Yesterday, you had expansion of volume. Today, you got a contraction of volume. That being said, once you're into that buy, guess what? The highs of the game once again. So the $377.08 right now, $377.44, you've gone to. Bottom line is going to go to the highs. You have Labor Day. You have window dressing, bottom line. And you have markets that are almost at the highs. So there's going to be folks that bottom line said, oh no, here we go again. And this retracement, by the way, folks, when you take a look at this whole retracement, it was a very shallow retracement, actually, of the whole move that started in March. Because when you take a look at this, you're going to see it was about a 0.382. It wasn't even a 0.382. So the bottom line is that, yeah, this is about the most deviant thing the market can do, but that's what I expect. Now, why? OK, so why is this? We take a look at the note and bond market. You're going to see that the 10-year right now is yielding 4.1. We're at 4.3 last week, OK? So this is heading down. We had a sign of strength yesterday. What we did was that we broke the downtrend yesterday with conviction. So that's saying that the 10-year wants to go to this 113.06 and we're at 110.12. So if we get up to 113.06, you're going to see that 10-year down at about 3.5. And we had the high of 4.3. So that's a whole different animal than what we've been dealing with. And then, of course, we've got to get, well, here, we'll do gold next because we have gold contract, had tested its lows of match, did it with light volume, came off those lows, had two separate signs of strength. One was yesterday and one was last week. Right now, gold straight in 1971, you get 2,028. That's the next move up there. And you can see that's also a break with conviction big time. And now, this is where it's real. Well, you take the note and bonds. The note and bonds are what it's about. I mean, the note, bonds, and the dollar. And you can see the dollar. With the dollars down here, this is what I was looking for yesterday, because yesterday we broke the downtrend, but I wanted to see a break with conviction. And that's what we got. What conviction means is you have a wide price spread on the break, and what you have here is this. The dollar had been trying to take out the swing point from last May. That swing point was 104.699. Well, what we did, we got to 104.447. And when you come that close and can't handle it, it's pretty intense, particularly because we had three days in a row with bearish setups. And each day, it said, the heck with being a bear, I'm going to go up and try to hit it again. And hit it again. And hit it again. And it couldn't do it. And then guess what? Then it gives it up in spades in two days, OK? It gave up five, 10. Let's get this one second. There's five, six, seven, eight, nine, 10, 11. Yeah. In two days, it gave up 11 days. We know that's what happens in down markets. Bottom line, what that tells me, the good old dollar now is on the way down to the lower end of this consolidation, which is $99.91. Now, if that's where we go, what you're going to see is this. Picture this. Rates are going up. The dollar was going up. And the market really pulled back, but not pulled back that bad. So you can imagine it with the dollar pulling back, and rates coming down, what you're going to have. That is like taking the bubble that it's releasing the bubble. Why? Because the dollar runs the market, folks, OK? Now, you've heard me say this many times. Yes, you'll have a higher price, but you always got to remember, what can you buy with it? Well, our dollar will be worth less because the dollar wants to go down, but we're going to have higher numbers inside of the marketplace. Our phone number is 877-927-6648. We go to the NDX100, we take a look at the NDX and see what the strength versus the weakness. You've got serious satellite, about 5.8%. Penduladu is up 5%. Dexcom's up 3.5% in two-wheel surgery because I have 2.7%. Taken away from it. Charter communications down 2.3%. Airbnb off 1.6, JD.com off 1.4. And inside the Dow Industries, the strength, the point strength out here today, we have Apple putting 22 positive points. Salesforce 18, Caterpillar 15, Home Depot 14. Taken away from it. Goldman minus 26, Amgen minus 12. Stay right there, folks. Come right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. 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Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks, to Dow. Dow investors up 50, Nasdaq's up 71, S&P's up 17 and a half. I don't forget, folks, okay, I'm doing a subscriber workshop for the Gold Report right after the program, four to five today. If you'd like to be in that and you're not a subscriber right now to the Gold Report, it's very easy to come over to our website, subscribe, comes with a 30-day money back guarantee. You're not only gonna get a great report for the next 30 days or 60 days or a year or whatever you want, but you've got a great workshop. And if it works for you, awesome. If it doesn't work for you on the 29th day, cancel it, folks. Bottom line is the 30-day money back guarantee. So check it out. Gonna be a fun hour going through gold, GDX, XAU, HUI, notes and bonds as to what moves gold, silver, the whole bottle wax. Now, let's type pot stocks, okay? So what you had out here today is U.S. health officials urge to recommend easing restrictions on marijuana. The top official of the Department of Health and Human Services wrote the DEA, calling for marijuana to be reclassified as a Schedule III drug under the Controlled Substance Acts versus a Schedule I. A Schedule I, which is so weird, folks, is heroin, you know, which is just so weird, man. So anyway, now, so what does that do it, okay? Well, you know, the bottom line is that, yes, if we look at the ETF for pot, it's getting them off the bottom. MJ is ETF, that's up 10% today. Inside of the MJ, you know, you have all pot stocks here. Yeah, they're all pot stocks, okay? If you go to, if we take a look at this, what you're gonna see is that, you know, you got an expansion, but you gotta remember something here, right? Let's put this on a 10 year. This equity went from $45 down to $2.91. If we go to, this is, thank God, Constellation Brands has a lot of money because CGC, you know, which is Canopy, right? That went up 50 cents today and it was trading yesterday at 28 cents. Is that right? Let's see, 38 cents. So it's up five cents today. Now watch this. We take a look at this and you're talking about going from $59 down to $34. Now this was probably a blowout bottom. You can see the amount of volume that's down there. It's probably a blowout bottom. That being said, what you wanna wrap your head around is this, I've talked about this many times, you know, the last couple years. The states that allow you to grow pot, this is totally different than the liquor business because the reality is, is that right, it's a weed. You can grow your own pot. So I just don't see these pot stocks really getting the traction that I suspect most of us thought, including myself, at the beginning. You know, and even at the beginning I was, you know, I went back on some of the shows and looked at them and I was really, you know, thinking and saying, even at the same time that, you know, if you can grow it yourself, it's a lot easier growing weed than it is making liquor, right? So I really don't know where these things are actually gonna go. You know, if you're trading it, that's a whole different ball game, you know, trade it. You know, and in that context, no, not in that context. I don't wanna, you know, go from pot, but I do wanna talk about the Purdue Pharmaceutical for a second because if you have Netflix folks, right, those slackers, man, they have some evil people, man. On Netflix they have, it's called Painkiller. And Bridget and I were watching, I watched the first two episodes last night, I fell asleep. This is about the most deviant deal that you've ever seen, that I've never seen at least, okay, as to how they got rural America the cities, the doctors, the whole ball of wax, hooks on this oxycodon, okay? And they show, this is what's so crazy, man, they show, they have these, you know, when they have sessions and ask people about what things are and they basically show that the name itself, folks, they made sure that the name itself was as far away from morphine or heroin as you could get. And that was part of the marketing in order to basically get everyone hooked. And it's about as deviant as you can get. And on top of that, this is what is also deviant, I haven't got to this point yet, but I know from reading in the papers, you know, years ago, you know, that I'm not at the point yet that I saw the McKinsey Associates, the McKinsey and Company, man, they're some of the most deviant people in the frickin' world. You know, what they normally do, they normally come into a company, you know, drive sales, drive sales, or take over the company. And I've had one dealing with them, and it's amazing. So they are all about just building, building huge companies or blowing them up. And the dealing I had with them, I didn't personally have with them, and some of you tigers will probably remember this, right? There was a, this guy had worked his butt off in Sarasota, I forget the name of the company now, someone will remember it. It was a charity company, and he had a great program. Anyway, to make a long story short, he brought McKinsey in because he was that big in order to sell more product. And we were, so he was an advertiser of ours. I go down and I'm having a meeting with this guy, meeting the guy from McKinsey when he took it over. So at one point, I believe, yeah, here's how it shook up. Now, picture this, this is a 98 or something. Yeah, it's a 98. This went on for about four or five years. So I'm explaining to him what we do. At that point I was on about maybe 20 radio stations because that was when we were streaming too because we were one of the first streamers out there, but I was on about 20 radio stations. And I gave him a proposal, and the proposal was 15,000 a month for advertising, okay? You know what the guy says to me? And I'm thinking that, you know, listen to me, I'm here, 15,000 a month. I'm saying, hey, you know, I'm on a lot of radio stations. He says to me, oh no, no, no, no, we're not gonna do this. I says, oh, what a bummer, I'm thinking that. I'm not gonna get that. He says, hey, listen, man, we're gonna give you 25,000 to 30,000. We're gonna start you off with 20,000 and 25,000. You gotta go get more radio stations. Well, they'll make a long story short. That's how the deal will come down, 25,000. And got all these radio stations, you know, bottom line, he's pushing out product, but guess what? He blew up the company. And that one, he blew up the company. And the Slackers case, they're gonna show how Mackenzie and company basically blew up the whole freaking country between the Slackers and Mackenzie. And then Mackenzie's gonna pay for it in that opiate suit. But anyway, check it out. I'm only on the second deal, but you're not gonna believe like how they did this. And then how a small portion could just wreck families and wreck communities. Now, Dow Industries right now is up 39, Nasdaq up 67, S&P's up 60, and we've all been touched with it. I mean, I don't, you know, I mean, that's how bad this was. And they show how fast the acceleration was, because no one knew what it was. Stay right there folks, we're coming right back. With rising inflation, rocketing interest rates, of all to dollar, an uncertain market, there's an asset that all traders flock back to gold. However, these are regular times also mean a regular gold market, which presents its own unique challenges. This brings up the question, what moves the gold market? This is a question I'll be answering in my next live webinar. On August 30th, from 4 p.m. to 5 p.m., I'll be hosting a live free webinar for all those who subscribe to my newsletter, The Gold Report. The Gold Report has been in publication for over two decades, and I've seen just about every market gold has been traded in. This experience lends me great insight on trading gold and other mining equities, and now that insight can be ours. On August 30th, I will deep dive into gold bonds in the dollar, where they are now, how they affect each other, and what to look for when looking to set up a trade. Additionally, I will provide a comprehensive breakdown of the XAU, HUI, and GDX, as well as cover individual gold equities and answer questions live on the air. Subscribe to The Gold Report today so you don't miss this rare moment gold. TFNN, educating investors. 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Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks to Dow. Dow Industries up 41, NASA up 67, SAPs up 16 and a half. GBTC, now check this out, this is gonna be pretty cool, man. I mean, this is a risk, but it's turned out thus far into a pretty decent trade. So this is gray scale Bitcoin trust folks, okay? You can see, even at this point, okay, if this comes through, it's trading it. Minus 21% premium, okay? So now the holdings, okay, this is what ends up happening. The SCC rules are that a trust has different rules than an ETF and what happens with a trust is that you only can have so many shares. So that what ends up happening is that as the equities actually get down, people just wanna go out, you can't destroy the shares. So the bottom line is that you can get a negative in a positive on the way down, you get a negative on the way up, you get a positive premium, okay? The positive premium puts you're paying more than negative premium you're paying less. Well, that being said, what has happened is that they have applied for a change into the ETF. And what happened is that they went to the appeals court. They won in the appeals court, okay? So it's gonna take more than that because the SCC can still bottom line appeal this. But what the three, now there's three judges, what they were saying flat out was that, okay, is that it wasn't that what had happened is that the SCC didn't have enough, they didn't give GBTC enough information as to why they said no to them because of the fact that they allow futures on Bitcoin to be traded. So now that the SCC has so many days to appeal the decision, the thing that's gonna, and so the SCC's claim, and this is the SCC claims, that they have no way of really understanding what is the price of Bitcoin. I suspect it looks like they're gonna lose the case. What has happened is this is that thus far, they lost part of a case about a month ago about Ripple stablecoin, just part of it. They lost this case, we'll see where this shakes out. What's so intriguing about this one here is this, is that when you look at the holdings, they actually own all the Bitcoins flat out. You know, if you took the price, that's why if you took the price of the equity times the number of shares and sold the Bitcoin, you'd make 21.5% right now. That's how that would shake out. What's also gonna happen is this, is that the guy that runs this, okay, he had billions, he got some debt problems. This will probably get him out of it. We'll see where it shakes out, but the bottom line is that there's a lot of moving pieces. That's the bottom line, but right now, Gensla is basically zero for two. Well, he's not gonna zero for two, but inside the Bitcoin, it's getting there. And you can see yesterday, it was the day before, I believe, if you wanna wonder why Bitcoin went up $2,000, that was yesterday. That's what it was. You know, Bitcoin yesterday went from a price point of $25,900, $25,000, that is, to $27,253. Because what will happen is this. If in fact, GBTC can turn into a ETF, then you will see some monster action inside Bitcoin. Cause something you wanna remember is this. Something is worth only what we perceive it to be worth. That's the first part. The second part is heavier though, and it's valid because of the aspect that every time that someone, you know, let's say it gets turned into the ETF. Every single time that someone is buying GBTC and this equity goes up, well, what happens? GBTC goes into the market and does what? And buys the Bitcoin. And I remember this so well because I've had the Gold Report in our 22 years and I remember when, in fact, it started with the GLD. I couldn't wait for it to happen number one and I have actually every copy of the Gold Reports. And what had happened is that I remember in the aspect that, oh man, if they allow, okay, you can see here's the inception date. November 18th of 2004. And if they allow the GLD to basically be an ETF, well, that's gonna be a much easier way for people to buy Gold because buying Gold is not easy, okay? You know, there's always a premium on it. There's the, you buy it, you sell it. You can always buy it, you know, you gotta pay the premium or you go to sell it and you never get the premium. So that made it much easier and that's what still drives the metals market. The easier that you can buy and sell something, folks, with a very small spread, well, the more it's gonna be worth. So that is gonna get really intriguing watching how this shakes out in the future. We'll see where it goes because it can get wild because we know that when you, let's go back to XBT for a second because we know that Bitcoin, I listen, I'm not a believer of Bitcoin. I'm just kind of going through the mechanics for you of what would happen if in fact they turn into a ETF because you take a look at it and you can say that, okay, so from the highs, from the lows to the very highs, we do a seven, eight, six retracement. So that says, okay, you're not gonna, you're not gonna go break those highs, but when you take a look at, let me put it this way now, I'm gonna get closer. When you take a look at the last downdraft and then we set this up because it came off that low, when we take a look at that last downdraft, it's like, okay, hold it, you did a 50% retracement, that's all you did. So we clean this up, I take those off again. Then I could see, what's that? 31, and that's 15, yeah. You could have a, you know, 15,000 A to B, which would get you into that, you know, 24, 34, 39,000 again, which would, you know, you can see that because when you take a look at this, that's where a breakdown, that's where ISIS too. That'd be bizarre, but guess what? That's how markets trade. And when you look at markets, this is gonna be one of these things, is it worth money or not worth money? Well, it doesn't matter, it trades, but that's all that matters. We know how this goes, you know, and I think more of us understand this each and every day. If it trades in the market, that's liquid it trades. So it's all perception, can you make money out of it? I'd lose money, you know, if you, we'll come down, you go shop, you go up, you buy it. Stay right there folks, come right back. Dow, Dow up about 38, that's like up 74, S&P's up 16, we'll come right back. 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We're at the Dow. The Dow industry is up 31, except 71 S&Ps up 15 and a half. We go take a look at the small cap. So let's go to the IWM. See what we have happening here with the IWM. So the IWM, you know, now this is the IWM and the Dow folks are the weakest. You can see, you know, the S&Ps and the Qs, they're basically, no, they are touching the lows of the highs. You can see how this is set up. You're not even close to that. So let me put this back a little bit more. Yeah, it's not even close. So we'll see where that baby shakes out, but that's telling you something. That's, that is weak. That's for sure. You know, kind of test, you're at 189, you know, 193. It can test 193, but you can see when you're actually looking at this on a longer term basis, you have the broad market hitting all-time highs and the all-time high in the IWM was 244. And in fact, let's take a look at this, is that the broad market, yeah, see this did a 50% retracement versus the broad market did a 0.382. So that's a weaker segment. We go to the Dow industrials now. We take a look at the Dow. And it's gonna get interesting because first the Dow industrials, you know, bottom line is that they were buying the Dow left and right at the highs. Now, what the Dow has done today is that it's getting into the lows of a high right there. You know, we got to a price point today of about $35,025. And you can see the low of that high, well, it's not a high actually, it's just, it's where ice is. The low of that high was $35,033. Now, what's intriguing here is this. There's no way I put this up. Let me put the diamonds up for a second because it was showing volume underneath that, but that's not how it works. Meaning when I just put the Dow industrials up like that, the volume just doesn't pop up. So I get the diamonds up, okay? So I get the diamonds up. Yeah, the diamonds look better than, that's interesting. So here's the number right there. That's 350,195. Well, we hit 350,173. So yeah, it looks like the diamonds are gonna hit it too. I mean, that's how this is shaking out. You know, you get window dressing, you get a few more days, it looks like that's also gonna happen too. We'll find out what equities in the Dow, and it's gonna be some of the high priced equities decide to take off. Because of course, what ends up happening is that you get a high priced equity that takes off, it distorts the whole deal, as does the NDX100. You know, you get Microsoft, Microsoft has a high volume high up here. Microsoft's gonna go back to this, you know, $366, right now it's trading at $328. You know, you came down, Microsoft did just over .382 retracement, hasn't got much juice lately, but you can see that high volume high is laying out there. We go to Apple. So Apple, you know, they start pushing out their news, man, Apple's coming out with another phone, they're pushing out their news. What Apple had done, and the news they're pushing out out here today, Apple did a 50% retracement. So what Apple is pushing out here today, now this is gonna get really interesting, is that, you know, of course, they're pushing out, look at this, using 3D printers to make their watches. And you can imagine, you know, we've talked about AI, and AI is coming in everywhere. Now this one gets really intriguing though, because of the fact that it matters, you know, if you can have 3D printers banging out 24 hours a day, and I suspect they're gonna be accurate beyond belief, well, can you imagine how much money you're gonna save here? I mean, it's gonna be some huge money. You know, one of the guys that I do business with in St. Pete, he has a beautiful granite place, he leased the whole building to a 3D furniture maker. And I've seen how this works, okay? The guy has five robots, and you know, the furniture looks kind of weird, it looks like we could be on the moon, but the reality is, is that this, what I see these happening, let's see, this is about, you know, about seven to 10 employees, and when he gets an order, you know, I've been in there when they don't have an order, and you know, I've said to Roland, he's my friend, this is, yeah, they don't have any orders, right? And then all of a sudden I'll go the next day, and all of a sudden these machines, they're quiet as anything, and they're just big robots, and they're just spitting them out, and I'm talking about a piece of furniture, you know, a big piece of furniture, and then they just stack them up, man, and then they send them out. So I don't know what the robots cost, but that's where we're going, and they're 3D, they're 3D robots, that's what they are. They're all clean rooms, you know, they have all the white on them, they're in these glass things, you know, but if you can get, I mean, so picture, because of also the employee situation, you know, it's coming down now, because when we had those, you know, we had numbers this morning that were down, you know, we'll see what the numbers come out to the next couple of days, but if you can get a business that machines are doing the work versus people are doing the work, well, you can see how you have a runway going forward because the fact of the matter is that, yeah, machines are expensive, but guess what, when you go in 24 hours a day, seven days a week, that's a whole different animal, and these are getting run off normal PCs, I've seen the whole deal, you know, you have the machine outside of the little box, the little glass thing, you know, you got a tech guy there doing like this, they just, someone's keeping an eye on them the whole time, well, they just spit them out, man, you know, it ends one, someone removes it, puts it aside, they stack them on top of each other, it's pretty intense, and I suspect those are also gonna get much more sophisticated, you know, and depending what they cost, I don't know what they cost, but, you know, he's getting contracts, I can tell you that, you know, so that's where we're going, so to get back to Apple for a second, so Apple right now, so watch this, which I didn't know, watch this, folks, a 10% of Apple's revenue, let me pull this up, that's what this article was about also, products, they don't break it out here, but anyway, watch this right now, a 10% of Apple's revenue, so can you imagine that you get to the point, they'll start with the watches, then, if you get to the point of the phones, imagine that the amount of employees just continue to go down on the manufacturing side, because Apple right now has 164,000 employees, but that's not, it's Foxconn, you know, they're still subbing the stuff out, so this is where it's really gonna get interesting, and that's where I suspect that what, in this particular case, Apple themselves are not subbing what I'm just speaking about out. If they don't have to sub something out, and the machines are doing the work, they're talking about a whole different ball game, man. Dow. Dow industries right now have 23 Nasdaqs, up 65, f's and p's of 14, folks, if you wanna be into the gold workshop, it's coming up in 10 minutes, so come over to our website at TFNN, you know, my take is gold's moving, man, and this is gonna be the move, and what I mean by the move, the move's up to 2,500, right now, you know, it's gonna be step-by-step, but right now, we're at 1,971, come over to our website at TFNN, you're gonna see right under, feature content, jump in there, it's at four o'clock, it'll be a lot harder to jump in there. Stay right there, folks, come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. 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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. Don't forget, you can listen to TFNN, live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks to down investors right now up to 17. You get an ad that's like up 62, SNCP's up 13 and a half, and it's all about right here folks, okay? As long as that dollar basically stays lower, we're gonna see higher markets, higher metals markets, you know, bottom line because it releases, you know, lets the market breathe. As well as, in fact, if we take a look at the TLT, what you're gonna see, I mean this was a classic, this is the 20-year bond plus. And what you're gonna see here is that you went into the lows, you rejected the lows, right here. You had light of volume, and on the weekly what we did here, we did what, 135 million versus 128, but you never made it so low either. You know, so the bottom line is that what you're gonna get at least out of this is that you get the top of the consolidation, which is 109, you get 109, that's saying that the rates are going the right way. And if you put that together, what the aspect of, you know, I was talking about yesterday factually, you know, what the transportation costs are, you know, if you take a look at this BALTIC watch, you take a look at this Baltic Dry Index, this is about as dramatic as you get. Take a look at this thing. So I'll bring this back just five years, all right? Look at this thing. Here's your peak, what's that at? 5,400, we're down at 1,100. We're lower than we were even, you know, way before COVID and everything else, okay? So what that means specifically is that you have, now that's the spot rate. So the spot rate any of us can get. The Walmots of the world, the Amazons of the world, they get way below that because they have contract rates. Always remember folks, the bank and Clio hot out the book and 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 9 a.m., great show, folks. Yeah, look at him, folks.