 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour, every trading day live at 10 a.m. Eastern. Call now toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour Now, Tom Antt, Tommy O'Brien. Welcome folks, appreciate you growling and prowling us out here. We have the Dow Industries down 280, Nasdaq off 99, S&Ps down 33. Little hit, quick hit, huh? That'll happen, that'll happen when you get a tweet like that. Yeah, yeah. TAF's coming at you, baby. Yep. Gold contract, gold contract of $8.80 trading at $1301. We get silver flat, $14.50 an ounce. Light sweet crude, taking it on the chin once again down $1.62. $54.96 a barrel. That oil contract looks like it's going to get down to the lower end of this range, which is $52, folks. Notes and bonds, bottom line is that higher price, lower yield. Ten-year note, up $126, $126.02. 30-year bond, up 28 ticks, almost a point. 32 ticks are a point inside the bond market, folks. $153.30, and $Kingdala. $Kingdala down $236, trading $97.310. That's giving it up at the highs once again. Euro's at $111. The yen is at $108.79. And the pound is out here at $125 to $1.00 USD. Well, let's take a look at this oil market. Even the update, I heard $5.00. Right? It ended up like 3.4 in the morning. We were trading at $59.50, maybe. Yeah. Look at this. Seriously. You go back, what, four weeks, and you're at $66. Yeah. $55.00, and this is what you're looking at, folks. You had $52.72 down there. Okay. Once you kind of broke into this, well, you're at the top. The $55.55 is the top of that range. The bottom of it is $52.00. I suspect, folks, we're going right back down to this $47.00. I mean, we'll see how this shakes out. It should have some kind of support here for a bit, just because we've traded there before we, going up from January 10th all the way over to February 11th. Can you go IGPO just to see the short term? Yes. I mean, it really was. It's pretty remarkable. So you go back four weeks, and it's like $10.00 or $11.00, right? Yeah. You go back like four hours, and it's $5.00. Right. Not really. But I mean, what's the high there? $59.63. $59.63. Okay. And that's two nights ago. That makes more sense. I was like, wait a second. How did I do that? Okay. So in the span of one day, basically. Right. And, you know, you still get volume down here. This thing's not over. No. The S&P bottom line is that, you know, you can see, you know, yesterday how this thing was shaking out. On Wednesday, you know, we go down with $104 million. Yesterday, a pop higher with $62 million. Bottom line is that now what's going to really get interesting here is that we might be able to do, you know, $104 million today. It's going to be close because you get volume now, but most of the time on a Friday, this is summer trade now. You know what I mean? People will start leaving, you know, $12, $12.30. The problem is, of course, if you're running money and the market is down $250, it's like, okay, hold it. Am I really going to get in the car? You better be careful. Yeah, exactly. I don't know how early you leave that office. There's no doubt. So you might be another tweeted two o'clock, three o'clock. You never know. Hey, listen, if this thing is going to come across, you know, I've said many times that once you start a fight, man, I mean, he's starting a million fights. So it's the bottom line is that we're going to be paying. Yeah, well, literally the American consumer paying. So there you go. There's no doubt. The 10-year, so check this out. This is just pretty amazing. Yeah. 2.16. There you go. Isn't that wild? It is. And if we take a look at it, what you're going to see, this move, folks, okay, has been fast and furious. It's been a one-way move. And, you know, there's no doubt, you know, you could catch some people on the wrong side because I've seen moves fast, but this is pretty incredible. I mean, what is that? Seven days ago, we were at 2.43. Yeah, almost 2.43. 2.4388 to be, you know, on the 10-year. Yes. And just so you can understand some folks, the 10-year normally doesn't move like this, okay? Yes. You know, percentage-wise, what is that? That's almost 7 or 8 percent. We're down, you know, down on yield in six days. Yeah. So, and which, you know, what's out here is that 2.01 is just looking at us right in the face. Now, the thing that's amazing here, watch this. This is pretty intense. If we go over to the TLT, what the TLT is actually saying is that we're going to go to all-time lows because the TLT, what's... No, we were just on the 10-year. Now we're really going closer to the 20 or 30-year. That's right. On the TLT. That's right. What we're doing is that we're going to the 10-year. The TLT is the 20-year plus ETF in the bond market. So that means that most of them are 30-year bonds. Yeah. They have 20 years left in them. At least. Okay. So what we have here is that what the TLT has just done, it's launched the whole consolidation that we've been in since November of 2016. Since the election, baby. Yeah. So what that's saying is that now it has a shot to go to its all-time highs. Okay. Which is 143. Okay. You know, we'll see how this shakes out. You know... And where does that correlate in the 10-year yields? You know, people that back up. 1.38. Is that what it is? Okay, in the middle? Yeah. It's crazy. It's like... Yeah. And this is what's important. You know, so it's like, whoa, man. Oh, for sure. I mean, people better wake up to these tariffs, you know. Yep. Yeah, there you go. Nope. One more back. Oh, yeah. No, I know. I'm just showing them. There's the 2%. Yep. So we're over that right now on the TLT. Right. Oh, yeah, yeah. That's up. Yes. Okay. I'm trying to compare the two. Yeah. On each point. That's right. And going for right there. Okay. Which is 1.31. 1.31. That sounds like a good 10-year yield. Oh, my God. Yeah. We've got to be careful. There's going to be some harsh things happening in the economy if we come down another 0.8% from where we're treating it right now on that 10-year. So, right here, you know, at 2.1, folks, you got to refinance, you got to do something. I'd start the paperwork, man. Yes, I would agree. That's good. The risk versus reward there is in what's your risk. The risk is that they can go lower, right? Yes. Your opportunity. Right. You missed, you know, you got in too early. Guess what? You're getting in at 2.1 in a 10-year. Exactly. You know, the risk is that we were just at, what was that? 3.23. A full percentage point in October. Right. So the risk is that that could easily pop back up above 2.5. There'd be nothing. As in, you know, on the graph, you're talking about nothing. No. Three weeks. Exactly. Exactly. So you'll see those 30-year mortgage rates, folks, should be running about... Like 4.25. Yeah. Yeah. And a couple percent on that 10-year, right? Which is amazing. Yeah. That's pretty amazing. 4.25 in a 30-year. Not bad. Gold caught the bid. Bottom line is that you get the bid, you get the volume behind the bid. Oh, let's see. GCQ we're on. So what you have here is that, you know, what we had done yesterday is that we're coming, you know, what gold had broken the trend line. And it did a pretty good, you know, yesterday, peak to set. But this is what you want. You want the wide-price spread. You want the accelerated volume, which we have. We already have 191,000 contracts. So that's going to do like 350. And that's saying, I guess what? Now, game is on at 1361. What we don't have, which is Obama, inside the metals market, folks, is that you still don't have silver. And that little problem child, man, you know, we'll see whether it's going to give the market problems in general. We'll come back with the silver. Silver's just laying there flat. 4.25. Dial industrials. Dial is down 313. Nasdaq is off 107. SAP is down 36.5. They're right there, folks. Tommy and I are coming right back to you. 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 bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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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. Call now, toll free at 1-877-927-6648. Internationally at 727-873-7618. Folks, uh, Dow. Dow's down to 283. Nasdaq's off 100 S&Ps are off 33. Let's go to our man, Charlie in Framingham Mass. Charlie, what's going on, brother? Hey, how are you guys doing? Good morning, Charlie. So good to hear from you, man. We're doing good. How you been? Oh, I haven't called in in a while, but I listen to you frequently, as always. We appreciate that. Anyway, you know, there's a good side. There's a silver lining in my life because of these tariffs. Oh, yeah? Yeah, because if the American public, which 76% of it is in basically living paycheck to paycheck, the American population is going to be having a harder time to collect their delinquent accounts. Oh, my God. So clients are going to need, well, a diplomatic approach to be able to, you know, collect their money so they can stay in business. Right, right. And the bottom line is, I don't think very many people like what's going on, but it is what it is. No, I understand, because you're a bill collector, right? Right, yeah. Yeah, right. Yeah, right. But you know, it's a shame that all of this stuff is happening the way it is. It's just, you know, I don't want to get too political, but I think you know I'm from Massachusetts, and we didn't vote for Trump. But anyway, on the topic of stocks, I actually got into this, GBSBGL. Yeah, Sabane Gold, okay. So let's take a look at this. This is a spin-off from Goldfields a while ago. Low is $2, the high is $494. They're a big processor in South Africa. So it definitely has to do with what's going on with the RAND also. So let's just take a look. So let me bring this back further. So okay, so you've been bouncing along the bottom. Yeah, this thing's got to make it through this 380. So I see, let me get this close enough. So that's, so Charlie, what you have here, right, is that this, that $3.80 is the number you want to get through here. Because you can see, I like how it actually did go higher. You had that $494 comes back to 380. What's worrisome a bit here, you know, but this is a lot of these gold equities like this, is that it hasn't taken out, you wanted to take out one of these swing points up here, meaning up at this 540 area. Let me just go look at what the RAND is doing. So, okay, so the RAND is at 1460, which is good. So what happens here, folks, is this, is that the RAND dollar is crucial to understand, you know, what is going on with this equity, because SBGL, right? Yes. Because what you have here, so watch how this works, is that when they spun this off, Charlie, right, this company here, right, as long as the gold contract itself is going higher, they need very high gold prices, because what you'll see here is that, you know, they take in 60 billion RAND, okay? These are in RAND numbers, but you can see in 2018 they lost money. They're saying in 2019 they're going to make money. Now, you can see the expansion of money that they're going to make seems pretty incredible, right? What happens is that once they get to a certain point, and it looks like they're thinking that they're going to get to that point now at the price of gold, right, in 2019, a stock like this does go exponential because of the amount of gold that they really get out of the ground. There's a company like this gets millions of ounces out of the ground. The problem is, is that when they're losing $10 an ounce, that doesn't help them, okay? And the correlation, because what happens is that like a good goldmine takes 10 tons of gold to get one ounce of... 10 tons of ore to get one ounce of gold. This company here will take maybe 20 tons, maybe more, because these goldmines that they spun off, these are the original goldmines that have been around for about 150 years. And what happens is that you're going down like four or five miles to get the gold. But I'd stay right there for right now. You just want this thing to get through this area of 392. That's a low from April 10th, Charlie. Yeah, and I was looking at it wherever I am here, and I saw on the daily chart, a little higher up, there's a gap up at 455. So that's sort of where I was looking to target. Yeah, and that's what you want to get through, because guess what? If you actually get through that, you have some power behind that, then you get real action. And listen, man, I think we get action in this market right now, meaning in the gold market. And that day, Charlie, just so that day, the low 392, is just the day after that gap, the low. So that's where it's kind of a full expansion from the... Really, there's a big gap, but the day before is April 9th, and you trade from 485 to 455, and then your gap open at 420 and go down to 392. So really, in the span of one day, you went from 482 to 392 just with the big gap in between. Yeah. Good point. Good point. Thank you, Tommy. Let me look at some... Gentlemen, have a great weekend. Thanks. I always respect your input. Thank you very much. It's always great to talk to you, man. Have a great one, man. Have a safe one. So let's go... Oh, I know, the GPS, the gap. Oh, boy. We can talk about the gap, right? That's trouble. Look at that. Gap, old Navy, not cutting it, man. Right. And, you know, they... The big one there was Comp Sales, right? And it was down 4%. And sometimes that's priced in, not last night, man. I think they had a client of about 1%, 1.4 maybe priced in. Huge discrepancy when you're talking about mammoth numbers that they still do. Yeah. They might not be doing mammoth numbers for long if they put up Comp Sales of 4% to the downside. There's no doubt. And you can see what you've done here, folks, is that we'll see whether you stand it at 1730. You know, you're 1779 now. It was at 1712. But that was a big high volume spike down there. And you're going to have another one, you know? So this is not, you know, basically something that... Well, we know that the retail is having a tough time. Costco came out with numbers also. Costco made it down to 1233. And you're going to see that's... That 35 right there. 1235, 1233, isn't it? I mean, that's the first place. I suspect what we're actually going to have, folks, is that it's going to build some cause and get probably down to this 1228. And how about Uber real quick? Oh, yeah. I know they pretty much no surprises as in basically flat after their first earnings. And they lost $1 billion. Hey, expectations, right? Like I said, as in the market was hoping almost. That's what was coming as in the big worry was, don't tell us that you ramped up something and you spent more than you thought. And 2 billion, I guess. Right, exactly. Dow. Dow industrial is down 266. Nasdaq up 91. S&P's up 31. Stay right there, folks. Tommy and I are coming right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter, Market Insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's trading action. Included in Market Insights are specific buy-and-sell recommendations for stocks, ETFs, and even options, with stops and price targets included for every trade in my newsletter. 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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. This is DOW. DOW is off at $265. NASDAQ off $88. S&P is off $31. And let's go take a look at GM, folks. And so, you know, my take is we're going down to that December 26 low inside the S&P that we came off of. And if you take a look, it's going to be the comic as I get there first. You're going to see GM is, you know, bottom line down from the $40 bucks in April. What you're doing out here this morning, you gap down. You're breaking a B point. It looks like we're going to have the volume. You need $13.7 million. And we get $3.7 million right now. So this keeps up. You get an ABC down. Now, your A point on this is $40.45. Your B is $34.35. So approximately $5. That gets you down to $30.52. And you get the high of the December lows $33.50, which we're at right now in the lows $31. So as you see more sectors come down into that level, that's where the probability gets much higher that the S&P is going to be there. You better be worried. I mean, I mentioned it at the break. I mean, the real worrisome thing here is that we had just supposedly had a deal with Mexico. USMCA. Right. And President Trump basically just said whatever and I'm going to do whatever I want. So what is the incentive for China to make any kind of a deal if somebody's going to come out the next week and just unilaterally say, I don't care, what kind of deals we have on the table, this is what's happening. Right. There's no incentive whatsoever. Right. So Trump's going to have his cheerleaders out here. It doesn't mean that they're based in reality. Okay. Right. Because if you can't have deals, there's no point in negotiating trade deals at all. Exactly. And so that's what the market's seeing here. And so Trump's going to have his cheerleaders. You know, we'll see what happens. But that's the stuff. Well, financially we know what's going to happen. The market's already telling us. The Journal just had an article a few days ago, $831, every single person in the country is going to pay in tariffs. Every single person. Right. So, again... I thought we would get a tax cut. Cheerleaders are going to be there, but I thought Mexico was going to pay for the wall. It turns out it's going to be the American consumer. Yeah. It's going to be a lot more than the wall, too. Yeah. Let's go take a look at some of the higher volume equities out here, and we'll see if we get an expansion of volume out here today. You get... Well, look at that. It's stuck. Well, we'll pull it. I see the analysts losing patience. That's the first hour. Yeah. Right. That must be a biotech. We might as well pull it up, so we'll see what it is. So, this is... I don't know. It's a design-developed enterprise cloud platform. So, this is interesting. Okay. So, the low is today. $25. The high is $65. Let's see what we have. High is about a year ago. I'm guessing it's been quite a slide. So, weak forecast. That'll always... What are you doing for me in the future, right? Yeah. That's quite a hit. Oh, yeah. So, they got a couple big hits. My goodness. Yeah. It's a rewind. $64. $27. And $23 is game. That's what it looks like. We go inside the Dow Industrials. We take a look at the strength versus the weakness inside the Dow Industrials. Look at that strength. Travelers. Everything's right. Everything's right. So, you get the Dow down to $251. Boeing's putting 34 negative points. Goldman's 22. United Technologies 15. The least amount of travelers is putting almost one point. Base base flat. Yeah. Intel's flat. Yeah. Merck, negative 20 cents. Look at that, actually. The one of the companies getting hit as in pharma. Merck, Pfizer, flat. Out of the... Yeah. Just interesting. The strongest. I guess they're not going to take it on the chin from the trade war, I guess. Well, they've already got killed. Mylon's been down every day. Do you know what I mean? If we... Yeah. There's a lot of things that we've gotten killed here. Getting killed even worse today as in the car makers and so forth. So... If we take a look at the strength versus the weakness inside the NDX100, the strength is Dollar Tree. That's up 1.2%. Married is up 7.10. Now, the other side of that, Alexa Pharmaceuticals goes down 4.7. Allogens are 4.5. A line. Yeah. Alta is... Oh, that's the line technology. Oh, yeah. That's the... That's the braces. Okay. Right. Okay. Alta, let's go. Let's go look at Alta. So, Alta came out with numbers last night. Not so well? I guess not. Yeah. I don't think that's a rejected price. Kylie Jenner's supposed to be providing them with printing presses for cash. Not so much yet. She got herself quite a contract there. So, let's take a look. Net sales 1.74 billion. Earnings per share. Let's see. Yeah. 3.26 versus 2.70. That's year on year, though. Not versus expectation. Yeah. So, we got to... Maybe we can find... Comp sales. The estimate was plus 7. Now there's plus 7 to 8.10. Want me to do another one? Yeah. Just see that again. Oh, okay. Let's see. Yeah. They missed somewhere, right? Yeah. Interesting. Maybe one more? No. Okay. Yeah. Well, you know what it was was last night that they actually... Oh, okay. Yeah. Keep going one more, I think. We'll just try and find where... Go ahead. I don't know where to point to. No. I guess it's... Okay. Let's see. Right here. Yeah. We'll pull up there. We'll find it somewhere. And if we just take a look at their numbers, let's just take a look at this because... That's quite a growth story, man. I mean... Yeah. 2015, they do 3.2 billion. They look to do... 20, 20, 7.5. They've done... They just did 1.7. Look at that number, man. Yeah. Mambath. We've seen some of their stores, though, in terms of... They got some bills, but guess what? Yeah, they do. They're printing... They're printing earnings. Yeah. 10 books. Because what happens, folks, per square foot, of course, is that you get a little tube of lipstick that costs $25 and... 25 if you're lucky, probably. Really? Yeah. And it's like... I think 25 is going to be on the discount. Per square foot inside the retail place, but you're looking for... But, man, they get some square footed as in... I've been to Vegas on the strip in a few years, but I always... That altar... Do you remember that altar? I don't. The Vegas strip? Oh, it's a mammoth one. Right around the Caesars, though. Okay. Yeah. I mean, you know... And, you know, Vegas, they probably have a million people to walk past that store in a day. Oh, yeah. But... Yeah. Let's go over to the gold contract. So, gold's continuing with some action here. You know, we'll see if it can get, you know, it all depends on really, like, coming into this weekend, how many people actually shot this market, you know. But this is a good move, man. This is, you know, you can see just looking at this, you don't have to even be in technical analysis to see that, okay, you know, that line there has broken. And, you know, it's broken before. The real kicker is going to be Kenneth Stee. I mean, that was a nice, decisive break. What is that? May 13th. And then it gave it up. That's when we went from 1280 to 1306, 1308. The following day, it got a little bit higher, gave it up, came back in. I like that, that actually happened, because what happens here, watch this, when that came back in, oh, I got to do the other contract one second, so GCM. You can just put it on a continuous. What would happen, the volume's not there. Okay. So, what I want to show you is that, as that, you know, we had PopTire, you had PopTire with 379,000 contracts, then you back down to 213. And, you know, so that's what you like to see. Yeah. You know, and it didn't break the lowest swing, then you had another sign of strength on the 21st, and then the danger one was Tuesday. It pulled down, but it didn't break that lowest swing. You see that? Yeah. And then, guess what, it said, see ya, don't want to be a 1300. Higher price, even as we're talking, up 1570. Oh, no, that's the other If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 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 as of February 20 is 3.1%. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Foreside Fund Services, LLC. Don't forget to subscribe 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 for the latest market information. Welcome back folks. Dow. Dow is down 279. You get the Nasdaq down 90. S&Ps down 31. And gold keeps going man. We're 1610 right now. Let's go to our man Lou and Spokane Washington. Morning Lou. How you doing? Hey Tom and Tommy. You guys do a wonderful job. I really appreciate the hell out of you guys being on the radio. Thanks for calling man. We appreciate you proud of us out here. Thank you so much. Well I'm doing that. And you know Tommy, I picture Tommy like he just got out of college you know. He did. I hope everybody pictures that man. Lou we got to get you calling more often man. For all this time I'm thinking man this guy knows a lot for just getting out of school. We'll go with that. We'll go with that. We're going to keep it right there. Perfect. But you know you were remarking earlier on these long bonds and how the rates are setting up to go lower. And you know you could just hear it in your voice. You know how the hell can this happen right? Well it seems uncomprehensible that yeah we're down we're going to be down in the 1.3 again right? There's no doubt. You know especially from like a month ago right? My goodness yeah. Now that being said what has always intrigued me is that you know when you look around the world and I get that screen up right now with the world rates it's like our rates are so much higher and I've never quite figured out like so how does that work right? You know um Well well you know that's true and if you look at the world there's anywhere from 250 to 350 trillion dollars in debt yeah right? Yeah I mean nobody can put their finger exactly on it but that's what I figure somewhere in there yeah and there's no way in hell well maybe there's a 0.001 way you know that can ever be repaid in real terms. That's correct right so we're going to have inflation or we're going to have default and everybody's saying they ain't going to default because you know yeah that's not good so they're just going to inflate it away Well this gets intriguing folks so what Lou's saying is this so watch how this works in a fiat system the way that a fiat system is absolutely set up is that the amount of money that is borrowed can never get paid back that's why there has to be bankruptcies that's just how it's set up I'm not agreeing disagreeing but that's fundamentally how it works now what gets intriguing here if you do go into a negative rate that math doesn't work if you go into a negative rate that means that actually people you can get it wiped out but you're getting her wiped out on a negative rate which is pretty wild you know what I'm saying you know we'll see where this whole thing shakes out you know the best way to wipe it out would be to inflate that's why the Fed wants at least 2% because over the course of time then you're paying back money that is less expensive you know but they have they're having a hard time getting that 2% you know so it seems that I mean when we talk about this the stuff that you actually need whether it's good food clothing shelter not clothing shelter you know medical care keeps going up versus the stuff that we don't need you know the stuff shirts whatever you know it keeps deflating so you know there's this let's say it's 300 trillion dollars in debt right that generates this huge derivative book that everybody's hedging against that right so they got this huge derivative book which has worked out so far in my lifetime I mean you know we got this huge amount of derivatives but what happens if those long term rates move say 1% in a week or a month or 2% or 3% in a month what happens then then you have blow-ups and that can happen you've got the biggest financial explosion this world's ever seen and I don't think the feds can handle that I think I hear you but my take is that the what we saw in 2007 2008 depending I won't see another one of those Tommy might that was like the depression that was the way I look at that that was a total wipeout would end up happening you know I've seen like 3 wipeouts but most of them were regional right that one there the market went down companies were going down businesses were going down the cash stopped that to me was a total wipeout so you're starting it with a much cleaner slate do you see what I'm saying and that's why I think this expansion has been going on so long because I still think people are definitely more conservative than they were in 2006 2007 I think one of the positive these rates continually to go down is I think people still do have cash off to the sidelines and they will not spend it because they got through 2005 2006 and 2007 you know what I mean so but you know what Tom I think your son is going to disagree with you there because nothing got paid off 2008 it got papered over and now the debt is at least 50% higher nothing got solved they papered it over by printing up 20 to 30 trillion dollars yeah but it did get paid off there's plenty of things that got paid off well it got wiped out too as in people losing their property that's paid off exactly well it's not quite paid off some people lost a lot of money that's a lot of people did I'd say that yes there's no doubt about that man but time solves things too time can you know everyone gets up in the morning goes to work again you know so when you have the aspect that you get 330 million people getting up going to work again and it's 10 years later guess what and then there's plenty of people like we talk with Jack Lieson Jack Lieson's never seen a bear market you know and he's been in the market for 10 years and he's a smart guy you know so there are variations that are out there oh yeah oh yeah hey so hey how is the weather out there you guys kicking the summer yet today today we got a beautiful day it's been last few days it's been nice and kind of summery you know up in the 80s and nice actually working up a little bit of a sweat going out there now that's a beautiful thing man you know it's amazing is that we've been on that station now I bet we've been on there like 13 years longer biz news network yeah no it's a great station man we really like the people love the people out there I mean that guy really gave me a break a long time ago and I really appreciate it man yeah yeah they got a lot of good shows on there and like I say I rarely miss you guys program because we get a lot out of it well we appreciate it man listen you have a great one to say for man great talking to let's go to our man Jim in Minneapolis Jim what's happening brother hey Tommy and Tommy how are you guys doing what's happening Jim great to hear from you man hey you know great great to hear from you guys as well we're finally got summer cooking up in up in Minneapolis perfect you know 82 today son you know it's crazy the last time that we talked to you man it was like below zero I remember when you called you know what I mean I remember I talked to your lab you know Bitcoin was around 4,000 bucks yeah just dipping my tip in my toe into it and then on April Fool's Day it took off yeah the games are on on there but man just stay with us a second we'll talk to each your bank as soon as we get back got it Dow industrials Dow is down 243 Nasdaq's off 73 S&P's down 27 stay right there folks Tommy and I come right back I'm certain you are or strive to be one of the best and everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money 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 ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best and what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFN.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 to sign up today it's amazing to think about this what I'm doing today is I'm going to do a weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1900 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 55 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 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 TFN.com don't let gold's next big run pass you by sign up today since 1984 Bazel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazel found that computer software which included the standard market technical indicators enhance the degree of accuracy of the market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Bazel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a 2 week free trial to the opening call Bazel's daily trading newsletter by visiting the front page of TFN.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 TFN.com Welcome back folks we're talking with Iman Jim from Minneapolis and we're going to be talking Deutsche Bank so what are we doing with this baby Jim Well I'm just kind of watching it like you know the canary in the coal mine is the way this thing trades I know they're what the the book and their derivative book I've read something the other day that you know if they were actually to mark their book a 4% drop in value would blow these guys out of the water with all the derivatives and the leverage and obviously these guys are you know you know they're they're BK hanging on by a thread yeah no I agree I mean I wouldn't be buying it but you know you know Deutsche Bank is a monster you know Germany's one of Germany's biggest banks they're going to have to come in and save it you know and that's been going on like for three years now so market caps only 14 billion I say it as and that's nothing when you're talking about a worldwide known bank right I mean nothing it's it's you know they tried to merge this thing you know that's usually they weren't as weak as Deutsche that's what happened yeah exactly they said no please get real real quick that Deutsche was the dog between those two so does the chart suggest they go into zero or is it to that point yes yeah yeah yeah it's it has been for a while too I mean there's nothing below this and I guess the way that you really when you take a look at this it's just like okay so you get the cap there and you say you get a cap of 14 billion and you take in 24 billion I don't think so and just look at all the growths negative negative negative negative negative negative three year growth everywhere yeah have a great have a great weekend man take it by storm guys take it by storm baby I like it take that Taz market profile by storm two folks check it out in the front page of TFNN right at the future content stay right there we get fast market thanks man well look at them folks