 of T and 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 Hey Robert how you doing man? Yeah, thank you for taking my call I wanted to let you know that I've been a subscriber for a couple years just different members of your team and I really enjoy it but really the reason I'm calling is to express my sincerest gratitude for you providing that information yesterday on the small business grant I'm a small business owner primary bedbreak winter for my family and if I can get that money it's gonna really mean a lot to my family so that's all thank you for taking the time to do that no well listen man we appreciate you growl and prowl at this now Tom O'Brien folks this is Tom O'Brien of TFNN we got 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 that great night folks serve the one you love once you decide to be a couple you gotta serve the one you love and every kiss and every touch you feel you're there to please the one you love without expecting anything back let's take a look at it out here we have the now industry is up 58 NASDAQ up 125 S&Ps up 10 and a half gold gold contract down $14.70 straight in it 1974 and ounce whoops move over here what did you just do to me silver silver's on 56 cents $22.65 an ounce light sweet crew taken a hit down 344 $77 37 cents a barrel notes and bonds 10-year note trading up 15 ticks at 108 02 30 year up a point and a half at 1 13 27 and King dollar King dollar right now is trading where are you oh man look at this okay when this moves around there we go King dollars trading up 375 ticks at 105 590 euros at 106 yen trading at 150 in the British pounds at 122 to 1 at US dollar our phone numbers 877 9276 648 it was called folks one though it's going on to y'all world and the world of the S&Ps let's take a look at them what do you have well there's no doubt we're getting long in the tooth on this deal I mean you're up seven eight days in a row but guess what it's all about interest rate structure in the dollar so we have out here today you're up a buck you know bottom line is that you've got inside the higher range now inside the spy you know so that just says hey higher prices are coming at us now you're at 436 we'll see how this next stop is and now the swing paint points are all laid out at this 438 area so you know you're gonna get some flack in here there's no doubt about it and we'll see where it shakes out we're only a Tuesday into the week so it says plenty of time to blow by that because the 436 right where we are right now the 438 that's the flack we'll see how we can we can make it through that area and the x100 we're going to the cues we take a look at the cues the cues always been stronger than the spy you know on this rally no doubt about that and we do have out here today is a monster move by the cues and it has volume behind the move already done 37 million shares okay so this baby just went into its swing which was the 373 24 we hit 373 50 and we're gonna have more valid volume yeah we are we're already at 37 so that's gonna take the swing point out with volume that puts game in man all the way up is this 387 so this is this is a powerful move by the end cues so let's just go look inside the NDX and see what's moving this baby I see what's going on data dog 27% that's that'll do it then you got a global found foundries global foundries up 5% you get zscaler up 4.5% adobe's up 3.3 those is a big numbers man those are big numbers nuts is pushing it in there notes and bonds we go to the note and bond market we take a look at the note and bond market continue to want higher price lower yield we take a look at this you're gonna see you're doing 1.6 million contracts here you know bottom line is that this wants to jump over the level here which we did that last Friday which is the 10816 we're at 102 now the way this is set up is to run all the way up to this 114 area and right now you're only a 10802 we go into the doll we take a look at the actually let's go to gold because gold you know gold's down today but the bottom line is that that there we go that rejected lower price at a much lower price with a width line of volume by the way so if we take a look at the gold market out here you're gonna see we traded down to the 1962 area you rejected lower price you get 197,000 contracts well that 197 is running there we go that 197 is running against 270,000 contracts you know so that's what you like to see on pullbacks that's the real bottom line and then good old King dollar so if we take a look at King dollar what King dollar has done and now this is a classic technical setup you know you came down watch this this is so cool it's insane actually so we'll see how it shakes out but bottom line as you came down you broke the trend line the uptrend with conviction then you build cause and you go sideways building cause then you break down the consolidation now what we're doing today we're trying to get back inside the range you know it is inside the higher range right now 105 587 105 559 is the number now we'll see whether we hold that coming into the close because that's going to be intriguing because when we open today we opened when we open that's when the S&Ps were down that dollar was up and you know 500 tick area you're at 365 it's making its way up here again so it's going to be intriguing to see how this shakes out what we've just done here looks to me let's see what kind of retracement we just did from the hide below we just did just over point 382 so that doesn't tell us too much that's a that's a weaker traceman in even intraday but there will be movement in the dollar in the next hour which is going to affect the bottom line the market because it's it's been tit for tat no doubt about it okay dollar lower market higher dollar is up dollar gives it up market goes higher dollars down it goes up market goes lower I mean the correlation has been pretty tight for some time right now and it has to do with this interest rate interest rate differential because the bottom line is that if the interest rates are going down it just makes sense that the currency is going to go down also so we'll see how the whole thing shakes out some of the higher volume equities that we have out here today you have Tesla's up two bucks you got data dogs the big number you get let's see what else is moving and video that's only up a buck data dogs the number that's up 22 and a half dollars that that is one month to move actually let's go look at this for a second see what we got here so you're trading 102 look at the whole look at that move it's just fill in the gap oh man what a trip that is stay right there folks we're gonna be coming back with our man mr. Tim ord normally we have basil on this swapping positions right now because our man mr. Tim ord it's gonna be doing a workshop at four so I have Tim coming up right now and that basil coming up at 3 30 stay right there folks who come right back tires every Tuesday and Thursday Tim ord joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading now on Tuesday November 7th from 4 p.m. to 5 30 p.m. Eastern time Tim ord will be hosting his own live webinar Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well Tim will be delving into six secret ratios that every trader should know in this webinar Tim will be covering the daily TLT VIX the daily and weekly spy VIX the American Association of Individual Investors bull bear ratios and the trend panic levels Tim will break down each ratio how it is calculated its importance and how it can help you make bigger returns it's as simple as this learn the ratios trade by them and see your returns that's it visit the front page of tfnn.com today to sign up now tfnn educating investors 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 Keg stats Tiger forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously when you sign up for the Tiger forex report you also gain instant access to Teddy's 60-minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger forex report for all the details and to start your 30-day Tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors 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 Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors welcome back folks I doubt does up 51 as except 134 S&Ps are up 12 let's get over to our man mr. Tim wood as we do every Tuesday and Thursday now today's a special day folks our man mr. Tim wood is going to be doing a workshop for you at 4 o'clock this afternoon this workshop's only $149 and what it's going to be all about is the ratios that every trader should know now these ratios folks okay no one has them that's the bottom line is you want to understand the ratios if you want to get the formulas for the ratios come on over you've heard Tim and myself we've been on now about six months I think it's fast six months no doubt about that Tim's going to be talking about the ratios that we're going to be talking about is the TLT slash VIX this spy slash VIX the spy slash VIX the weekly slash VIX the daily VIX in via VVIX plus might over the over the VIX the bull bear ratio and of course the trend panic levels okay great workshop coming up we have Tim on now because he's going to need to break when he's talking for an hour and a half bottom line come over to our website right now don't wait to the very end folks okay because if you're not in discord already it only takes us a few minutes to get you in but if I get you know ten people calling at the same time at five or four it's a little bit tougher Tim or what's going on brother actually I got something really interesting a chart number one okay it's really unusual here but this is the weekly American Association of individual investors bull bear ratio okay and this is a three-day at the three-week average and normally when the market anything below point five or point seven five is bullish for the market and all those red lines across this that chart there in these areas are all times when that ratio is below point seven five now if you look back it pretty much picked every worthwhile even my bottom to pick out over over the this chart goes back to 2000 so now listen you know almost 24 years of information it's huge it's huge folks if you're in your car and you can't see this remember this programs archive I remember that when you sign up for Tim's workshop bottom line it's going to be on your page and go over this over and over again this is amazing Tim man I mean you know you might take some heat for four or five days maybe this one look like it took seats from you know a couple weeks but the bottom line is that yeah every single time man going back 20 years that's pretty amazing man yeah it really is but look what happened this this is updated to yesterday yes it's a point five five again I need you know when the market rallied into the July high this ratio got up they look like about you know to what plus two whatever yes and the market's gone up for a solid week straight up every day's been up so far and this ratio went to point five five as of yesterday how cool is that oh my god I don't know I mean it's kind of unusual what tells me when this is kind of an opposite when everybody's bullish this ratio goes up and that's when you can get highs and when they're bearish the ratio goes down that's when you're a bottom form exactly market's been rallying like I said you know what six days in a row now or seven actually seven days in a row and this ratio is down in the buy area that suggests to me if there is a minor correction and at some point it'll might be but it tells me that in general this probably rowdy's going to continue it's going to continue until we at least get back to neutral level which is probably up around you know one and a half to two so this is both well both for the bulls here even on a short-term basis but especially on a mid-term basis yes I'm high on this rally I don't know but there's another statistic to the markets up seven days in a row and if today's going to be up a crisis probably well within five days the markets up 100% of the time so even there's a pullback and the average rally within the next five days above if the market peaks today for instance it'll be higher 100% of the time by 0.7% I like it man that's the truth you know this folks this this this this divergence Tim we both this divergence is dynamite man this divergence is you know it's a big deal folks because what happens is that now this would be Tim this would be showing that there's more fear again in the marketplace right I mean you know yeah yeah yeah so yeah it's a semi-identicator right individual investors so these are what the investors yep are saying and actually you know I got my clientele too and I have a few of them are pretty good at at picking bottoms because they're loaded up with goods and stuff but you know and then they listen to what they do but you get calls from them when not calls but use the emails from them when especially at the real major lows you know they're kind of saying that yeah you gotta be crazy to be along this market thing and that's usually a good sign for me crazy is good man crazy is good the more crazy they are the better it is but so I don't know how you know we could be it's put some power in the market that way yes it looks pretty good cool we can flip to chart chart two real quick okay I'm ready we got to just an update on this chart this is the swag breath thrust indicator yes and in a nutshell it's it's advanced NYC advanced ages over total issues and you take a 10-day average of it and when you blow point to it's kind of like a selling climax and when it's above point six it's a sign of strength to get this this indicator triggered you need to hit blowpoint four first you know can go point three five can boy you don't go point two five it wants to but once it starts going up you start counting the number of days and that point four to point six has to do within ten day or yeah within ten days well we had on this last one this swag breath thrust indicator got triggered on my 27th which is about a week and a half ago and it completed that trigger on a last Friday it did hit point six two on the last Friday so it took five days for it to go to point four to point six and to me that's pretty powerful you know it takes ten days on average to do it which is pretty good this did in five days I think adds you know strength it does yeah absolutely does so there's nothing about the ZBT I'll call the ZBT because it's hard to say legs breath thrust indicator but normally you see one it's an area of support so if you notice over in the middle of the chart there we had three ZBT's they all came in pretty close to the same price levels that's right and the first couple just didn't go I know the hundred level is going to be support yeah which is pretty cool and the friend that third shot Tim well third shot real quick oh this is a bigger trend here it kind of ZBT is kind of a short-term trend it gives you a worthwhile pops that may last a month or two but this is a major the NYSE McCullin-Oscler summation index when it gets below minus 700 it's like a selling climax yeah and so you have to get below you have to get everybody to dump on the market and once they dump on the market you have two months to rally back to plus 1,000 nice we hit to blow we hit below minus 700 on March 27th you had two months to that if we get to plus 1,000 on December 27th that would go well for 2024 that would predict 2024 is probably going to be an up year so when these type of big signals this is kind of a longer-term time frame there's most signals of this type last a year if not two three years and folks if you want to understand you know Tim's going to be going through six ratios today you want to understand those ratios come on over sign up it's only $149 Tim's going to be doing more workshops so they can bring you into all of these ratios you can really understand how he looks at the market Tim you have a great one safe one of course we look for the workshop at four o'clock today thank you stay right there folks who come right back you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman in your inbox every day 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 tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an 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tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch Tiger TV that's tfnn.com then hit watch Tiger TV welcome back folks so now the industry is up 68 then as except 143 S&P's are up 15 let's get over to our man Mr. Basil Chapman as we do each and every Tuesday and don't forget folks Basil does an outstanding show here every trading day 10 to 11 Eastern standard time also has a great newsletter the opening call now it's very easy to get the opening call folks come over to our website at tfnn you're gonna win the newsletters you're gonna see it right on the left-hand side you get the opening call for one month for $149 you get it for six months for 695 which is a savings of $199 or 22% and you can get it for one full year for $1195 which is a savings of $593 or 33% now they all come with a 30-day money back guarantee so you know no matter which one you pick you can pick six months you can pick a year bottom line if it works for you stay out to the 28 days that's great you keep it for some reason it doesn't you just cancel it bottom line doesn't cost you anything and just getting the newsletter itself folks okay Basil has about I believe there's 12 archives out there so you can understand how the Chapman way works and how we ride this wave each and every day Basil Chapman what's going on hi John how are you I'm doing great man yourself very good thank you good and they're nice discussion you just had with Tim he does some terrific work for sure yes and it's just different which is really cool do you know I mean yes it's the way he analyzes right so I wanted to show you this chart here this is the Dow and there's a technique that I have used very often I've used it for years and it basically looks at a price that goes up and then it starts to come down and then it makes it low highs and much lower lows okay all of a sudden it finds some support and it swings around it makes either a cup or a V shape pattern and it takes out that upper trend line resistance so I can expanding cone I say that yeah and if it does that it can have a strong move up again even go back to the previous high so this chart here we're right on the cusp we're at this moment right here you can see and there's a technique that I developed years ago that I call Chap Wave inside track if it's on the if it's on the way up I call it the inside track repellent zone because once it breaks that and then becomes a propellant zone and if you see it on the way down in fact this I took it out just do it was getting a little messy which I would have had the two parallel lines here and this expanding cone there would be a propellant zone so everything about the Dow's low that was made on Friday between the I think it was a 27th the 20 let me just double check that I think it was the 20 I should know by now yeah it was a 27th that on balance volume give us a nice turn around the only thing that was missing for me was that the VIX index didn't go up into the high 20s and we didn't have a huge sell-off on that Monday morning to have a nice reversal in today that to me would have been a confirmation that that that could have been the low for this particular part going into the end of the year right of this particular point I think it's a low I've got a lot of information that says the way the markets moving the way the different sectors are moving this could this could hold very well if in the next couple of days any pullback holds about maybe a third of the way down on a pullback and then makes a new leg up that would be very positive so as I was looking at the market at the end of the day on Monday I said you know I love the action in some of the areas and I we've there are certain stocks that had fabulous moves and we just kept missing them because either they went up too sharply or it just wasn't quite what we were looking at the time but one of the stocks that I really enjoyed watching the movement move up and down and then the fact that it pulled back on that Friday and then going to the Monday was Microsoft had very good earnings it it's a Dow stock it's an S&P stock it's a NASDAQ stock and it's in the XLK which is the S&P select tech sector so we were very lucky we got this at 338 the very next Tuesday nice basil great move yeah and it's trading at 361 but I what I really wanted to show you is some of the techniques that I use this is what if anyone subscribes to my newsletter or goes to those webinars that that you were talking about referring to all the techniques that I discuss in detail one of the things I look at is there's a pattern that we call the dreaded H one of the reasons I call the dreaded H is that you get a straight line up straight line down you get a cup formation you get an arch formation when there's a mixer it's a rate because when there's a mix and the rally goes to a peak A or a B and then fails and takes out that left side low that can be very devastating and we've seen that I can I'm just using Microsoft you can see these arches there's one that turned around but what's really positive about this particular pattern and that's another reason why I said if this works out this could be really good is that when this H takes out the left side low but immediately turns around and the technical start to improve if it closes even one bar above the arch high that says it could go all the way to the left side high well look at this we we got in just over there and look what happened it made an arch that's that dreaded H but this one was successful because the rule of this H pattern is that within two maybe three bars but usually like a two bars it must close above that left side low and then you've got to see the technicals give really good signals so in the weekly chart you can see there's this little H pattern little arch peak D was in the chat we were always looking at peak D that's the fourth highest peak that's where other things can happen your objective is to get to a peak D and in this particular instance look what happened it closed above the very week we got in it closed above that arch high yes that immediately says to me three six six point seven eight would be the target but because the monthly chart is in a rising trend there's a chance that it just gets into this inside track on the upside so you could go just a little bit above it and they will see what happens that's where I expect some kind of a digest so we're at three sixty one we did it three sixty two today three sixty six seventy eight that area is the then there's another technique that I use where I try to find the midpoint I call it the plumb line and that's where the number of bars on the left side from the high to the low should equal the number of bars on the right side well sometimes the pattern is very obvious and sometimes it's not in this particular instance I use this little peak right here as my the number of bars on the left side to the number of bars on the right and that takes you to this week maybe next week but on the usage of my techniques where I use this dashed green line I call it the chivalry inside wedge target resistance line everything lines up that this week we should get really close to the three sixty six level so there are a whole bunch of techniques that we were using and this is the first time in a long while that the I have to wait for the end of the week but so far the Magdi is cross positive I needed to see that and there's another technique that I have I've had webinars on where the nine-period moving average is above the 14 and as long as it's holding it can keep you in the tray for a long time so look it never did I wonder if I can do this I'll do this real quickly now look here yes my chart I'll go to the weekly I make it out of that one here I don't know if I can find out there it is so in this particular instance if I'm looking at just click click I'll go to Microsoft click it and I'll press weekly chart and you'll see here's the green moving average and that green moving average didn't go pink it's still green so that's another technique that I like to use and this one so far is working very nicely and folks it's very easy to get Basil's newsletter come over to our website at TFN and you see right at the top newsletters you hit newsletters it's right on the second one down opening call hit it new after races Basil have a great one safe one we look forward to show tomorrow thank you very much every Tuesday and he more joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading now on Tuesday November 7th from 4 p.m. to 5 30 p.m. Eastern time Tim Orrd will be hosting his own live webinar Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well Tim will be delving into six secret ratios that every trader should know in this webinar Tim will be covering the daily TLT VIX the daily and weekly spy VIX the American Association of Individual Investors bull bear ratios and the trend panic levels Tim will break down each ratio how it is calculated its importance and how it can help you make bigger returns it's as simple as this learn the ratios trade by them and see your returns that's it visit the front page of TFNN.com today to sign up now TFNN educating investors if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 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 for side fund services LLC TFNN has launched the Tiger's Den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris is for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks are down down one second here we go down investors right now is trading up alright baby at 93 get the NASDAQ 151 S&Ps are up 18 let me show you something here folks okay because this is how crucial this is to understand just this correlation and now the my take is that this is a computer correlation folks okay because that it's so tight it's a pretty amazing you know I'm always talking about the S&P versus the doll of the whole ball of wax but just look at this for a second so you can see we're at the highs and we're going after them and I suspect we're going to blow them away and the reason being we're right at the highs right now now the last time that we're up there we did have more volume so we get another bar that's starting but the bar starting at the very high now watch when I go over to the dollar and take a look at the dollar you can see that the dollar bottom line if the dollar only gave it up like 45 ticks I mean from when I started the year okay but yet the S&P went from 12 up to 17 and a half up okay and this dollar right now bottom line you know you can see it it looks to me like this thing wants to go to the bottom of the range if it goes to the bottom of the range what you're going to see is that the S&P is going to go over the highs and it's so tight it's telling me that you know the the large computer traders bottom line they got it they got a program like that period you know I mean one goes in one goes out if you that's that's how this seems to be set up let's go to Ray and Sarasota hey Ray what's going on brother I got a question for you on this to go VGZ they come out with earnings tomorrow stocks down a bit today what are you anticipating is gonna happen tomorrow the earnings that's part of the question the other part is do you know what their cash position is or not they're gonna have to raise funds and issue more shares so let's take a look the VGZ Vista Gold the lowest 32 cents the high 75 and the concern here you know is that we had gold we have gold you know up $300 and Vista Gold can't get off the lows you know so I know what you're saying in him it's pretty intense I can tell you that what has happened in the in the past Ray is this they you know haven't issued stock in so long it's amazing okay there's only 120 million shares outstanding you know they've always had a decent cash position they have no debt you know so we'll see what this shakes out they have no debt you know they normally have about 15 million 20 million in cash which is plenty of cash they're very frugal you know what I don't get out of this though there's no doubt that you know I mean if we go look at the gold contract versus this you know I know how this trades normally what ends up happening is that it'll be slow to get out of the gate when gold's going up but I am concerned that you know the gold contract just went from you know the 18 well yeah no yeah went from the 7 what 18 25 to 1975 and this hasn't done a thing so you know I don't think I don't think we're gonna get any surprises on on the numbers tomorrow Ray what I'm worried about is that is that let's picture if you and I were Vista and I know you know Fred owns a lot of shares the people that own their own a lot of shares it's like they can't seem to get anyone to partner up with them I mean you know so you know it's a speculative buy that's the bottom line and I'm so I'm still in it I can tell you that so we'll see where it shakes out I'm not expecting surprises tomorrow though okay are you still the opinion though that they have several million in cash on hand yes yes yeah right yeah that's what I'm most concerned about is that they're gonna have to dilute and now they won't they won't dilute they won't do it's that I go back with this company all the way to jock which was even before Mike Richards and their culture is you know they've been working on this thing for a long time and they got the mind for nothing and they don't spend a lot of money and you know what they've managed to do is that they had a couple other streams that they sold that turned into a very good deal for them because they got quite a bit of you know millions far do you know I mean they're there let me just see this for a second one second see if I can pull this quick so the car let me see you know I haven't looked at the Australia dollar is that impacting price here as well this year um it's it shouldn't be because let's see let's let's take a look at it for a second I mean it's really a US company but yeah no I'm with you so the US dollar still at 64 which is a great deal for them you know I mean 64 to the dollar I think it has to do with the aspect of what does happen is this when you're in the exploration phase you don't have the risk okay because what happens is that you don't have the shovel on the ground what they're trying to do right now is get a partner that will come up with the money and we know that that's when you know things can get really dicey folks because you know in order to build a mine you know the bottom line is that you know a small mine is going to cost you three to four hundred million so I don't think there's that many miners out there at this particular point you know new months not in good shape you know gold I mean the barrack is you know not bad but not compared to the last run I mean the 2011 run both of those equities were a lot higher do you know I'm saying so both of those you know maybe they're too big you know they're it they're in the way that I'm looking at this still in a great jurisdiction what has happened is that Mexico is a blowout now meaning it's not great but we want to hear and in fact I'll email Fred right now to get him on we want to hear what he has to say because I want to hear what he has you know I mean it's pretty frustrating that the stock can't move when you know as I said the rest of them have moved you know yeah okay man have a great one man have a safe one that was Vista gold that we were talking about folks and the cuts of the chase would you have with Vista gold is this they have a huge mine one of the biggest mines in Australia that being said and the work has been done but that being said what ends up happening is that they're looking for a partner and they're looking for a partner that has deep pockets in order to build that mine and you know at this particular point these miners you know there's been there's been a couple takeovers and those takeovers however were just basically at the price are slightly higher than the price so that's telling me that the gold price has to go higher well we'll know a lot more when we do hear what Fred has to say Fred Ernest this is tomorrow you know because as long as as Ray from Sarasota you know we're talking about is that okay what what is the cash position and my take is the cash position still gonna be pretty good they they know what they're doing with cash and most of the money has already been spent over the now when I say being spent this this money's been spent over 14 years so I mean over 20 years pretty amazing don't forget about Tim Woods workshop folks this would be but the last time you get to sign up with it's gonna stop in 10 minutes so if you want to basically get in that workshop come over to our website at TFN in hit that button Jacob will answer the phone we'll get you in there that was up 78 mass except 136 S&Ps are up 14 we'll 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 Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights 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watch this is crazy so as it's giving it up well you know we don't know what the chicken might take is that the chicken is the dollar but what ends up happening we only go up 29 ticks and the s&p comes down 10 ticks it's that dramatic folks just that little pop okay we'll see where the rest of the shakes out but the correlation is there and it's there in spades it's there all day that's the real bottom line we go back over to that s&p and let's take a look at it so now you're only up eight bucks versus 18 and you can see you didn't have enough volume at the highs now what's what's going to happen here is that you know you get volume coming in here for sure now the kicker is this is what gets gets kind of cool is that can break the swing you know I don't think we have enough time that it's going to break the swing but you know we can break the swing after after the you know broad market closes you can see the expansion of volume right there they're selling that down that being said you're coming into well what is that that's 29 that's 29,000 we've done more than that now see what ends up happening if this can't break the swing that's actually positive also because you're coming down with volume the low for the day out here was the 440 434 366 now that was last night okay let's go let's go to this one that one there is for yeah 4385 if it can't break that 4385 that's gonna be a heads up for tomorrow well so that's how this shakes out because you're coming down with force is a consolidation bottom line when you can't get into the swing can't break the swing that's telling you that the buyers are set up right down at those levels don't forget about a mammoth to Tim or always remember folks the bank and claw your hideout the bull can renew over and thank God there's always another trade health happens in prosperity have a great night folks have a safe night come back and join Tommy tomorrow morning kicks us off 9 a.m. great show folks look at him folks