 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Lewis. Well, welcome to the day of the lunar eclipse and full moon as we hear the wolves howling out here in the desert of Tucson, Arizona. Let's take a quick look here at the German Bund. You can see here it's in the midst of a little bit of a correction, but folks, pay attention to those bonds and notes. They're standing up and screaming, so there's trouble in River City. We will look at that in just a minute. The next one we want to look at is the Dax. You can see it had a beautiful pattern right up into that July 3rd high, a three drive to a top pattern rolling over a little bit. So pay close attention to that one too. There's a lot of things going on today, but nothing is more important from what we were talking about Monday. That was with the British Pound. If you remember, we were saying that just take a look here that this market was most probably getting ready to have a little bit of a correction again. And folks, we have come down and we have shattered the old lows down here. We got all the way down to 24.05. The old low had been 24.40, so they have broken that. Now, maybe it reverses from this level, but frankly, it doesn't look like it. In the middle of the night last night, you could see something that was very, very troubling in the Euro. And I just wanted to bring this up to you to show you this is what we were seeing in the Euro. We have a five-day rally, folks, that couldn't get any higher than 382. And that is really a very, very negative scenario. So that's why this Euro has fallen so much. We got down to that 112 again level, so anything below 111.70 sets up something just pretty nasty. That means the U.S. dollar is starting to kick up its heels, folks. And we've talked a little bit about that. This is where we were as of Friday. And of course, we reversed, and we're back up to that 97 again. So that retracement that we had was basically nothing. So there's a chance that this U.S. dollar could get really strong. There's a major breakdown here in the British pound based on the numbers that we look at and stuff. So maybe it reverses from here. But I just don't know. It was a little scary. You had a $1,000 profit coming in Sunday. That's why I said you could get a little bit of a pullback, but a little bit of a pullback was a whole lot more than I was expecting. So that's neither here nor there. I had a nibble at it last night at the 78% level and gave my 30 pips, $180 to him, and then went on to the next thing. But the bonds have been working very, very well. And I believe this bond market is getting ready to head to Florida to visit all of our friends down there. That's what it looks like, folks. It really does. It's just one of those charts that when you look at it, it just really wants to tell you, just to show you where we are. Let me get this up here right now. We had a nice rally of a buck, you know, of a one full handle, up to $154.06. We're now back to $153.11, which was the 3A2 low. If we take that $153 out, we're looking at two handles down minimum. That would take you to $150 and change. And that would also be telling you that maybe this is going to be bigger than what somebody might have thought about. And not only that, but the open interest is increasing now, which means the people that are in control are the shorts. They're pushing it down. So I don't know. Maybe that means something or not. I'm not sure. You know, we'll just, but no one ever, no one else is ever sure either. So we need to pay close attention to that. We do not have any guests today or tomorrow. I'm hoping to have Stan Harley on Thursday with a little bit of luck. And Bill Meridian on Friday with also a little bit of luck. But we'll have to follow with me today here as we go through what we're going through here right now. Okay, let's move. By the way, folks, I want to tell you something that's happening here in my life. I just think it's important because it's going to affect me here at TFN in a little bit. John Jameson is coming here on Monday. He's going to be spending a couple months with me working on some things with artificial intelligence and also some things with pattern recognition that we've been working on and some automatic trading things. And so I'm going to be quite busy doing some research. And we'll have John on as a guest if I can. He loves to talk, but I don't know if he likes to talk on the air or not, but we had him once on TFN a long time ago, about a year or so ago, but he's just got a lot of things going on. So he's giving me two months of his time. I'm paying for it, of course, but I don't mind paying for it because I don't get somebody at his level at all. So this is going to be fun for me to work with him. And so it'll be... I'll share some of it with you if it looks pretty good. And I'll share all the bad stuff for sure. No, I'm just teasing. But if we find something really good, we'll certainly try to show our friends here at TFN and some of the things that are going on. And we do have exciting things going on, looking at some of these AI forecasts that we're watching that look pretty interesting. In fact, I should show you the one from... Let's just get this up here. The one from last night in the Euro, which was very, very, very, very telling because you can see here, when we were up there at that 152.60 level, that was where the 382 started to come down and the market started to break dramatically from that level. Only broke $600, but for inter-day, that's not too much. Oh, I forgot to bring up the footsie here because the footsie's been stronger than the DAX. And that's really hard to believe given the fact that the pound is in the sewer. But you'll notice that we have completed the ABCD up here now in the footsie, and it was exactly at the 78% retracement of the May High. So if you like numbers, and I do like numbers, pay attention to that number because it looks pretty interesting. We've been rallying ever since December 26, the whole world bottom there. That was that big bottom that we've talked about many times in the stock market. It was a Bradley bottom and stuff. So this is what we're looking at right now in this particular one with the footsie. But with that pound coming in, unglued like that, that might have some effect on what's going on over there because the pound hasn't been below 125, but more than twice in the last year, and now it's trading below it, which is a... And not only that, it's trading below it after a 3-8-2 retracement that took four days to complete. And that in itself was a little bit scary. So got to watch that one for sure. The gold and silver are still looking... The gold and silver is acting relatively well. At the last I saw, we were trading around 14-12 in the silver, gold, and the silver was up around 1548. It's not giving back up. It's not giving much up. And platinum's not giving any up. So they're starting to look better here. Maria is saying that bonds might drag stocks down for a change. Maria, that's one of the things I try not to do is think that way because I got in more trouble thinking about that stuff than just trading it. So sometimes they go together, sometimes they don't. I did a lot of studies on that, on whether the bonds and stocks have a correlation. But it might only last three weeks or four weeks, and then they go wacko for two months. So I couldn't find out anything there that was worth anything. But boy, the bonds look really bad. I mean, they don't have any friends now. I wonder where all those friends were. 877-927-6648. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. 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That same $50,000 investment in the Tiger First mortgage program would give you 3,500 per year or 14,000 over the four years. What should you prefer? 6,200 or 14,000 of interest on your investment. If you would like more information about the Tiger First mortgage program, you can call me at 877-518-9190. That's 877-518-9190. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TF&N shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TF&N.com. Now, in experience all the upgrades, TFNN.com, educating investors. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks. I've pushed the chart up of the Treasury notes. Daily chart going back to the last couple of years. You can see that important day of May the 28th when the notes took off. That's when open interest started to explode. But then right at the high there for the two-week time period, open interest started to drop and that meant that the market was weakening. And as you can see, it certainly is. We are now below the levels where we were on August of 2017. That's not a good sign. The reason why I'm bringing up this chart, not only to show you the importance of May 28th and the open interest, is the fact that we have a gap there at 1-2510. That's going to be a very important gap. If you look at it very, very closely, you're going to see that's the old highs that we made back in early 2009. That will also be a 3-8-2 retracement of the low from November. So looking at those numbers, it looks like 1-2510 would be something that would be very, very interesting to look at from a technical basis. And maybe that's where you get your life preservers to get ready to ride the boat or the ship. Boats are on ships. Ships are in the ocean. And boats ride on ships. But anyway, 1-2510, that's what we're looking at for our first objective on the downside here. All we need to do is to break that 1-25... Let's try to get 1-26 level. By just a little bit more, we'll be heading down to that level, it looks like, because there was no bounce, folks. We had a seven-day correction in the Treasury bonds from 1-57 down to 1-52 and change. And the most they could rally was a little over a point at 1-5405. That is not very bullish news, folks. I mean, that really isn't. That's actually quite negative. Now, I did want to... We had some really great charts that were sent to us by one of our listeners here at TFNN on the Elliott Wave stuff. And I would like to bring this up to show you it's a very interesting chart here because it reveals... It's coming here. What do you mean there was no chart? There was no chart on the bonds or the notes? What? Oh, don't tell me this. Please. There was no chart on the notes. Oh, I give up. I give up. All right, just a minute. Let me get it up here. What did I do wrong? I did it exactly like I always do. Well, maybe I always do it wrong. I don't know. Let me get it up here, folks. Hold on. Here it is. Let's try it again. I did it again. Let me try it again. Okay, here you go. See if it opened up here. Just see the importance of that gap at 1-2510. That's the important thing that you want to look at. That's why it looks so, you know, very, very important. That's why. Okay. All right. Now, let's move over and talk a little bit about gold and a little bit about the Elliott Wave. We'll get this up here to take a quick look at it. This was interesting to me because this is the first time I've seen the Elliott Wave boys put it out this way. Notice, folks, this is really important for me, but look at the A, B, C, D pattern. You see where it has the D right here and then the E? Why not? Why couldn't it be A, B, C, and D up there where it is when it broke out at 1-1441? Why couldn't it be that? I mean, that doesn't make any sense. And also, you could see another A, B, C, D from C to D to E. That's also the same thing. So how they labeled these, I don't know if it's that important or not. All I know is that that's what I'm looking at, so we'll see. I feel very strongly that if we get above 1-1441, we're going to see 1-1550 in the gold without too much trouble. They're showing 1-1500. And you can see up there 1-1587 and 1-1595 would be the maximum. But I'm not sure after this longer period down from 1932 down to 1,000, it could be a lot more than that. I don't know. Okay, now we have someone new in the room, Lorna on crude oil. Let's get it up and look. Hold on. Here we go. Let's get the crude oil coming up. Let's see if we can make sure we get this popped up here. There we go. All right, here's the crude oil. We were looking for a bearish scenario coming in this week because we had closed right at the 61% retracement at 6039. We made a little bit higher high, I believe. No, they were very close. 6090 was the actual 6092. I was high. We broke down to 59 and change, and now we're holding this level. A lot of support at 59 on a short-term basis, and any move above 61, you could see this thing really get moving. But right now, it's got that strong resistance up here at this 6050 level. It has a positive bias today, folks. It's jumping around quite a bit, but the bias on crude oil today is positive. It has nothing to do with the full moon or lunar eclipse or anything like that. It has more to do with the pattern that is there and the fact that it's moving so quietly from these higher levels. That's really what that's referred to. Since we're talking about crude oil, we should also take a look at the heating oil because that's part of the cracking process. And as you can see here on the heating oil, we made a 61% retracement, and we backed off also in the heating oil. Of course, they were talking about the hurricane causing problems, and of course, there was nothing going on with that at all with that. I don't trade heating oil very often. I trade the crude almost every day because it has such good swings, great leverage, and very low margins. You can buy a quarter of a million dollars worth of crude oil or sell crude oil for under $6,000, so you've got great leverage when you're looking at that. So that's what we're looking at in the crude oil. The key today, folks, is the fact that we have so much weakness here at the Euro. Very, very important support in the Euro 112. We've broken support in the British pound. Not only broke it, we shattered it. Let's put it that way. But the Euro is still in this area where it has really, really strong support, and this will affect us all, folks, if we break below that 111 area in the Euro because your trips to Europe and stuff, which I have one coming up in September, is going to cost... Well, it won't cost me that much more because it's in the pound, so it won't be too bad. Someone's paying for it anyway, so I don't make any difference. By the way, I will be speaking over there in the U.K. We've got a very large crowd so far, and it's going to be two days of trading. The 14th and 15th of September, Dr. David Paul, Tom Hougard and myself are going to put on a seminar, and a lot of people have been there before that haven't been around a while, so we haven't done one for four years, so it's going to be a really good thing to look at. Any other questions that you might have? We've got the break coming up here, and no guest today, so if you have any questions, I'll be happy to answer them. If I can, if not, I'll just pull up a chart or two, and we'll go through it and see what we're looking at here. So that's what we're watching here this morning as we look at these things. So we'll have a break coming up in just a second, and then we will move on to the next one. I want to bring up a chart on this ETF for the Dow Jones Industrial, so that you can take a look at that. It's a very interesting... Oh, shut the front door just a minute here. Hold on just a minute. We'll get this up here. Larry Pezzavento has just started his brand new service Fibonacci 24.7, and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. 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We are so confident that you're going to love this new charting software that will even give you a 30-day un-additional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Chart today by visiting TFNN.com. Okay, we're back, folks, and I believe we have a caller in today. Mr. Z, are you there? Intrigued to hear. You're going to work with Jameson for two months. Yep. And then, certainly, he's working back to the UK for a little dog and pony show. Yes, hopefully, we will. He's really fun to work with, and he's incredibly smart and very funny, so it's not really like hard work or anything, but, gosh, what he can do with a computer Z is it plays it like a Strativarius. I mean, it's just truly amazing. He can even copy and paste. Can you imagine that? Oh, that's just so exciting. Hey, let's take a... Did you have a question about silver and gold, I think, right? I did. I wanted to ask you, and please, if you've got something you'd like to share with me and your audience right off the bat, please do, but in the back of your mind, I have to ask you about Bill Meridian, and I know, of course, he does some good cycle work, and I think you're in touch with him more regularly than we hear him on your program, and the question is, with Bill Meridian on gold, is there a period of cyclic weakness coming up anytime in the next couple of months that he is looking at? I will have to ask him. I haven't talked to him in over a week. Well, it was more than that, because it was before the 4th of July, so it's been two weeks. So I will contact him this afternoon and ask him what he's looking at and see if he can come on. Maybe he can even come on tomorrow. No, I think I could stand hardly for tomorrow, but I'll get him on either Wednesday or Thursday to talk about it. But we're in this really tight trading range. I mean, this really looks bullish. I just posted a chart for Silver, and we're trading at what, $15.45 or $15.48 or something this morning. If we get above $15.70 in this thing, it's going to be off to the races, and that means that gold's going to be taking off too. John, we topped three weeks ago in gold. We haven't gone down. We had two $30 or $40 corrections, but we come right back to the mid-range right away. That means that there's a lot of people in there buying it, open interest is increasing in gold all the time. Not so much in Silver, but it sure is in the gold. There are players coming into that market. So someone's got a position, and every time it backs off, they're willing to buy it. So it certainly looks good to me. Very good, yes. Larry, just on that Silver, I'll mention this to you. Something I learned a long time ago and stick with this idea, and it applies here on the Silver. Silver, as you and I both recall back in 2000, I guess it was late 2015, Silver made a low down at $13.80, $13.70, and then, of course, it rallied from that level quickly up to that $21 level. And of course, this past year, we've come all the way back to that $13.90, $14.80 level. Well, it's worth repeating at least as I see it that the $13.80 mark was a Fibonacci 786 retracement support mark based upon a rally from $4 up to $49. And any time I've ever seen a market go to a Fib number and stop and turn, I always respect that and say, okay, fine, you know, I'm going to trade it, speculate it, it's going the other way. And it hasn't bothered me whatsoever that Silver hasn't gotten any legs, any giddy up to it. In months now, more to the point, it just isn't going down under that $13.80 level. And so long as that remains in place, I'm just going to treat it, you know, if they can't bust it down, they're going to bust it up. And I don't know when they're going to bust it up, but, you know, they've tested the downside a long, long time. And if it doesn't break that $13.80 level, it's going to go up sometime. And I just want to make sure I'm in it, you know, got to be in it to win it sort of thing. So that's what strikes me and Silver here. Well, I have to agree with you there. And I mean, I posted the chart for the gold. And as you can see, we're in this really tight consolidation range, which is unusual for gold. To me, that's a very bullish pattern. I mean, you got those lower tops and higher bottoms, so you're in a real tight triangle. But I'd like to see it break the lower side of that triangle because I rather buy on weakness than to, you know, to buy on strength. Every time I buy on strength, I should send my checks directly into the Merc. But this is a bullish chart. I nibbled at it at 4.08 today, but I didn't get filled. I missed it by a little bit. But I think it's got a chance in here to really get moving. Now, whether it's going to happen or not, you know, I don't know. I do have a positive bias for today, so I am trying to buy dips, but so far I haven't been able to get filled. But that's neither here nor there. Mr. Z, I want to ask you one other question. You follow natural gas quite a bit. And I've been watching natural gas for a potential campaign like you put on about a year and a half ago when it was down around this level before it went to 450 and changed. I'm seeing the same type of higher bottoms in here in the natural gas. And it looks like it has that possibility of, you know, maybe, you know, doing something like that. What's your feeling? I'll put this chart up so the folks can take a look at it because we are getting ready to, you'll see here that we got that 135 pattern. If we can get it down around 229, down about another $4 somewhere it is. Do you have any positive feedback of what we might look at in natural gas? Yeah, well, full disclosure, I came into today long having re-bought a dip yesterday and took a loss, keeping the losses small earlier today. So having stated that, yeah, I see the pattern you're pointing to higher lows with that low down at, the August contract got down at 213, that was that beautiful FIB 786 test, that 786 number coming in again. I have to, excuse me, I have to thank you publicly again, Larry. It wasn't until I had taken a webinar of yours way back before 2010 where I even learned about that particular FIB ratio. And my goodness, you do enough market analysis on enough different markets, you see price, market price go to that ratio regularly. Not every given market, at every given time. You look at a bunch of them and I see that number crop up all the time. But on this net gas, Larry, I am frankly up through October. If it continues in a rally trend, my expectation is for modestly higher. There's things that I'm looking at that say, yeah, we could have a bull phase, but it could be a kind of a grind higher sort of thing. So I want to keep my expectations modest. Looking forward to the next month, two or three. But looking right here, I see that 229 level that you mentioned. I'll just share, in addition, 231 is a 5618 based upon that 222 low. So there you have it. Hey, thanks, Mr. Z. Thanks for calling in, buddy. We'll talk to you soon, my friend. 877-927-6648. 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 in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you 3,500 per year or 14,000 over the four years. What should you prefer? 6,200 or 14,000 of interest on your investment. If you'd like more information about the Tiger First mortgage program, you can call me at 877-518-9190. That's 877-518-9190. It's amazing to think that Tom O'Brien started his 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 $1,900 in 2011 and after spending many years consolidating at lower prices, Gold may be poised for its next big run. 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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. The Bull Bear, binary option hour. Next on TFNN. Okay, we're back, folks. I wanted to post another chart from the Elliott Wave theorist. It goes pretty long. What we're thinking of too, but we'll just go shut the front door and raise the rent. Let's get this. I hit the wrong buttons. I'm not the sharpest knife in the drawer here when it comes to computers. Just a second here. Okay, this shows where we look like we're getting ready for an upward thrust, which I really think that that's what's going to happen, whether it happens today or not, I don't know. But look at this real closely, folks. Don't worry about those little threes and fives and stuff. Just look at the highs and lows. That's really what you're concerned about. You can see the three higher highs up there between 1440, 1430, 1425. Okay, then you can see the higher bottoms at 1380 and 1385. And the last one was at 1403. That's what you're looking at. Ideally, you see where that little four is right there? I'd like to see one more move down to that level, because then I'd be able to buy on weakness, and I would be still in the midst of an uptrend. But this market does have thrust, folks. It has a very bullish bias. Folks, since the 24th of June to where we are now, we're three weeks into this, and we've gone nowhere from 1440 down to 1380. That's a $60 correction. The harmonic number is 64, you know, 68, 38, 34 times two is 68. We did drop 60. So it's right in that ballpark, and it's done basically nothing other than consolidate. That's very bullish. And not only that, the open interest is still coming in. Okay, now someone asked me a question. How do I do the open interest? Folks, this is really simple. Get a little piece of paper and write this down. Go to www.cme.com. That's Chicago MercantileExchange.com. There's going to be a bunch of little toggles there underneath the headline. It'll say data. You just click on data, and then you go to volume and open interest and click on that, and then they'll be all listed, all the different contracts, and you just click on the one you want, and it'll show you the net change in open interest for that day, whether it's up or down. So if prices are rising and, you know, the open interest is rising, this market is very strong. There's more buyers coming in. If prices are going up and prices are dropping, that means that there's more shorts coming into the market. It doesn't mean there's more. It just means they have more power. There has to be, for every buyer, there's got to be a seller. So that's what you're looking for. What you're watching for is that when you're at record levels and you see open interest dropping, okay, and prices going up, that's short covering. And that's where you go to look at the commitment of traders, and that'll give you an idea of what something's happened. In fact, the Elliott Way folks did do a commitment of traders chart. It's very difficult to look at, but I'll bring it up so you can see it here. I don't follow this very often because it lags the market quite a bit, sometimes it inverts. As you can see here, back in 2016, the blue was up and the red was down. And you can see here, we're doing the same type of thing right now. So it looks like the large specs are in the market here. They're the trend followers. And the commercials, the insiders, they've looked like they've moved from a very, very short position. They've got out of most of their shorts, supposedly. Now, I don't know. That's why I look at the bar charts, but that's how I do the open interest. I look at volume only when there's record volume or near record volume. The rest of the time, it doesn't mean a whole lot to me. So that's the main thing of what I'm trying to look at. So whether that helps or not, I don't know, but that's how you do it. There's a good tutorial there at the Merc. They do some good work, so you can go in and look at that and you'll be able to see that you have some of those things lined up the way you want to. So let's kind of keep an eye on that. Very, very interesting. Okay, and let's get back to the grain markets a little bit, folks. We've had a nice correction here in the corn that we were expecting. Let's get this up here so we can take a look at it today because we have this lunar eclipse here. Let's get this up here. This is as of Sunday. As you can see, we were completing that garterly up there. Now we're down to 440. In the Dees corn, we've dropped 24 cents. I know some people that happened to be short that. Now we're coming into this lunar eclipse and the full moon today. So I would be looking to be a buyer of that corn today, probably around maybe 12 o'clock your time, just to keep an eye on it. That's another two hours and watch it because if it's making a bottom down there, that might be an interesting time to look at it because it's going to be near some major support. Major Fibonacci support at 618 also, which would be quite interesting. The wheat is acting pretty nicely and beans are acting extremely well. And remember, they're planting more beans than they are corn because they still can't get the corn out in many places. But it's starting to grow now so now we're in the midst of the growing season so there are going to be lots and lots of changes. Let's move over to the cotton. Cotton broke down really badly and I believe that what we had happen in cotton on Friday was a washout. Now, if you look at that little weekly pattern, you can see the ABCD butterfly three drive pattern. If you look at it really closely from May through July, I didn't write it in because it was too busy putting it in there but that might be it. I thought that that 786, it hit it twice at that $65 a pound level. It didn't but I'm really watching this cotton. I know Mr. Z is watching it. We're trading near $64 again so we've snapped back above those lows which was a good thing. So I'm waiting for a small pattern to evolve here on these daily charts where I could get a low risk entry. I have not traded cotton in 40 years and I haven't traded, well I traded coffee once or twice but I've traded coffee a couple times but not cotton. So I will be looking to do my first trade in cotton as a neophyte trader after all of these years. So that's what we're looking at. Okay, let someone else ask me a question about something else. What was it? Let's get it moving here a little bit. Was it this one here? Oh, the Palladium. I'll bring this up to you again. Another question about the Palladium. We're back up here folks. We're trading about $1550 again. If we clear this next high up above $1600, this is no longer going to be a major ABC double top. That means that there's a possibility we could have a hole up our leg in the Palladium and I have never traded Palladium, nor do anything about it. I'm just looking at the chart. That's really what you're watching. So that's it. They're talking about the Elliott Wave Counts and Peter, that's where I have trouble is doing those counting of those waves. I'm just an ABT. Yes, Terry, Paul Tudor Jones just get started trading. He worked for Eli Telast down in Memphis. Tudor's father is an attorney and they were friends and Eli Telast was the guy that started. Eli Jr. happens to be a good friend of mine, one of my students, and he's also a cotton trader living in New York. But Eli Telast, the senior, he was really an incredible guy in the same vein as Amos Hostetter. He was the king of cotton. In fact, the movie, the firm was filmed in the cotton exchange there and I happened to be an extra on the other side of the street. I got 25 bucks plus a free meal that day. Jay and I were down visiting and the cotton change is nothing anymore. It's just a pretty much an empty building but that's where it all happened. Back in the 40s and 50s and stuff and then they moved it all to New York. So that's it. I don't know when Powell is speaking today and Maria, someone might be able to tell us. I know it's a lot of smart, but David's in here, I guess. He knows everything. So, oh, he's not in the room right now. So we can't, oh yeah, maybe he is. David, if you know, tell us what time Chairman Powell is talking, if you know. 877-927-6648. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tyros share. 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For more information, just click the Think or Swim banner on the front page of tfn.com. Okay, folks, I'm going to post a chart here, a four-hour chart here of the euro just to show you the importance of where we are because this is 53% of the weight of the US dollar index. As you can see, we've had higher bottoms, higher tops. We're still in an uptrend to 111 area, but we gave it all back quite quickly. We came down. You can see the 382 retracement took five days to make that and in a matter of two days, you come right down to the 78% level. Now, we've been here for quite a while, folks. We've been here for two 240-minute bars, so that's 12 hours. So that 786 is held, but boy, below 112 propels this puppy far, far lower and, you know, that's not a good sign, but as long as it's holding this 112 level, 120, 112-10 level, it looks like it still has a chance, but a slim chance, as they say, but the problem here is the fact that we rallied for five days and could only make a 382 retracement. That's not a very good sign from a bullish scenario. So pay attention to that. Remember, we do have this lunar eclipse today with the full moon, usually causes a little bit of herky-jerky stuff as we hear from our friend Norm Winsky and also from Tim Bost. So there's a few things that we're watching, so pay attention to that. The platinum market is looking the best of any of the metals right now, silver being second and gold being third, but gold could, you know, take over the party by itself, you know, very, very easily. I'm really bullish gold and I don't have to, you know, that's the scary part. I want to buy it. They just won't get it low enough for me to buy. I'm too cheap to pay up for it. Going to have to pretty soon though, because I don't want to miss it and I'm probably going to have to chase it somewhere along the line and I'm probably going to get spanked on it, but I it looks a very bullish pattern in the gold folks. It just does look bullish. I'm going to push it up here one more time just to let you see how bullish it really is. The fact that we've gone here for a solid month and gone nowhere. I mean, and we can't even make a 3-8-2 retracement in a month. You know, I would give my right arm, maybe my left arm, to get it down there in that 1380 level, but that's quite a ways away. 877-927-6648