 Welcome folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day We go 24 hours a day in the internet at tfnn.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 great week. It's no great month Oh my god, it's November 1st. You're gonna love it. Let's take a look at one of our four agreements serve the one you love Once you decide to be a couple you had to serve the one you love to serve your love to your love and every kiss Every touch you feel you're there to please the one you love without expecting anything My good wise let's take a look at it out here. We have the now industry is up 57 as a cup 42 S&P's flat Gold contract up $9.30 traded 1793 an ounce We had silver up 11 cents 24 dollars 6 cents an ounce light sweet crude up 48 cents $84 notes and bonds the 10 year down 3 ticks trade in 130 19 the 30 year off 18 at 160 oh 9 and King dollar King dolls up 222 ticks trade 93 900 euros 116 yen is at 1 oh 114 the British pounds at 136 to 1 US dollar iPhone numbers 877 9276648 give us a call folks. I know it's going on a y'all world and the world of the S&P's Let's take a look at him. What do you have? Well, you get a sideways market out here folks And I expect you're gonna see a sideways market right up until Wednesday. So the Fed starts meeting tomorrow We'll have a statement at 2 o'clock Wednesday with a news conference at 230 Wednesday the spy out here bottom line closed at all-time highs on Friday You're you think well, you're you're flat The spies trading now down to two cents right now and the x100 same type of set up inside the NDX They all closed at all-time highs except the Dow and the Dow Basically has already hit an all-time high out here today the NDX 100 the three cues That also hit an all-time high we are at 385 right now and We closed at the 386 11 on the Friday and the Dow and Dow I believe this finally hit another all-time high today. Yeah, I did big time now The Dow got all the way up to the 36,009 mark today and then decided to give it up So it's gonna get really interesting and what you have here inside the Dow industrials by the way folks is this you have two Separate it basically Bearish occurrences you you had the first one that was on the 26th That's when they couldn't hold price then you come down volume bottom line you get higher today It's not giving up on price again. So that's if we go look at the diamonds It will be a little bit clear when you look at the diamonds because the volume will be underneath it what you're gonna be able to see is that on the 26th you hit a high 35893 Yes, we're 5893 you did that with 3.1 million then you come down with 3.5 now we're making a new high with 2.1 and Let's see 358. Yeah, it looks like you're gonna have a failure on price and volume Inside of the well here. Let's go to the gold contract first go gold contract out here trading at a price point 1793 gold came down hard and fast on Friday big time That being said guess what you didn't break a lower swing point You don't break a lower swing point folks the bottom line is that it's not bearish Volume came out of it. No doubt about that. But what was happening is that you're also going into 290,000 you're going to its strength and we came down with 225 255 rather Bottom line that still say he wants higher price the divergence that we have out here is pretty cool And what the divergence was was this as gold got smacked Silver didn't which is just so unusual man. It just just normally just doesn't happen. I mean silver came down, but No big deal. I mean silver got down a price point of 2370 closed at 2399 still wants higher price and what you do have out here is that When I was doing the gold report over the weekend The silver equities are actually stronger than the gold equity So this is going to get pretty wild watching how this thing is going to shake out now Let's go take a look at King dollar because King dollar had an amazing day on Friday as gold went down King dollar was up over a thousand ticks Now that being said What what has happened? Let me sure make sure. Yeah, what has happened is that King dollar so I was talking about swing points in general and gold on the way down Came down hard and fast, but yet couldn't take a swing point out The dollar goes top side and couldn't take a swing up point out It's like okay, man So that is not a bullish occurrence at this particular point right now. We're at 93 901 so we're still fighting about 93 729 and what I expect we're gonna see is that we are gonna see when the Fed comes out That that is when we're gonna have monster movements might take right now is that the dollar will go higher That the metals are gonna go the dollar is gonna go lower the metals are gonna go higher Now what's also happened out here is this? The market And I've been trying to figure this out for a while man the bottom line Which is really so unusual the market actually likes a stronger dollar. It doesn't like a weaker dollar So this is gonna be so weird man because each I mean that is just kind of the opposite of normally How it's been shaken out, but this baby Has the dollar's been going up for a long time as has the market and it seems like each and every time that the dollar does not Catch a bid what you have here is that the market goes south Simultaneously to platinum. Let's go take a look at the platinum market out here the active contract right now That's trading up forty seven dollars. You're a thousand sixty seven and this has strength behind it This is more. Oh, and this is what I wanted to tell you about the gold market the XAU the HUI They all very well are setting up monster ABC structures on the way up Notice is nice platinum platinum is doing the same thing So platinum is coming into a swing point with 18,000 contracts. You've done 16,000 so far Hasn't hit the swing point yet, which is a thousand eighty I expect we'll go after it if it takes the swing point out would volume you talking. Let's see. What do we got? it's nine forty you get a hundred and forty a to be so you're talking about 1140 bucks and right now you're 1067 if we go take a look at the XAU and the HUI You're gonna see that both of these also very well could be Some nice ABC structures on the way up and if they are they're really large ones We'll see how it shakes out and we'll see do when the Fed comes out, you know bottom line They still gonna be dovish and I suspect they're going to be the thing. They're so weird man Inflation is raging man. I mean, there's no doubt. It's raging And we'll see how they're gonna try to back away from it saying that it's it's still transitory Now industries right now up 53 NASDAQ is up 46 S&P up one stare at their folks come right back