 Always remember folks whatever you think about you bring about whatever you focus on grows up. I'm it's having a great day Safety, let's make it a great night folks now. This is the bet. I like this card. There's no doubt I'm gonna read it again today always do your best Take action on your ideas doing your best means take action on your ideas You can have many great ideas in your head, but without action upon an idea You know manifestation no results and no reward Yesterday's gone tomorrow's not here. What are you doing right now? And don't worry about basically falling down folks. This is a great card, man We're a million different things. Okay, you know, Nike Nike just had it like just do it, man Let's take a look at it out here. We have the Dow industrials down 178 and Aztec off 111 S&P's off 20 gold contract up $5.80 trading at 1833 and outs We got silver now at 16 cents 24 dollars 37 cents an ounce light sweet crude up to 24 $84 17 cents a barrel notes and bonds the 10-year note up 16 ticks trading 130 126 the 30 year up a full point plus 11 ticks at 163 19 and King dollar King dollars down 108 ticks right now to 93 940 the year is at 115 The unit is at 112.84 and the British pound is at 135 to 1 US dollar our phone number's 877 9276 648 what's called folks I know it's going on in your world and the world of the S&P's Let's take a look at them. What do you have? Well, you got a slightly lower market out here S&P doesn't have any volume on the way down man. You're 40 million chairs on the way down and You're coming into 52 million so we'll do 50 million something And the x100 is different and the x100 does have volume on the way down out here today You got an expansion of volume get 43 million chairs right now probably do about 50 So we'll see what that shakes out the bottom line is that when you come off eyes You have volume that's saying you can go lower. No two ways about that gold This is gonna get her an early wild with gold folks. This is what we have it You know earlier in the day I suspected that gold was actually gonna break this 1836 number You know what we still might have a shot at it because just when I came on They're they're pushing this market just a bit and my take right now is that we're actually gonna Break the 1836 and explode topside the reason I'm saying that is because what we've had For a long pit whilst June of last year each and every time that we've come up to the 1836 1839 level bottom line monster resistance Failed each and every time and this particular time what you have is this you have two separate things have happened The retracement off the last surge forward. Okay was a very slight retracement. In fact if I bring it up here You're gonna see I believe it's it's it's maybe a point two eight two three or something Well, no, he actually was a 50 percent retracement after off the moon. So it was a 50 cent retracement Which which is a normal retracement We get over and we take a look at the good old US dollar. It's gonna be about the dollar here There's no two ways about it the dollar is it 93 934 and The number to keep your eye on and right there isn't much movement in this dollar out here today But the battle line is at 94 739 729 that's the battle line if if the dollar comes back inside that bottom line They expect you to see some fireworks inside of the Gold market the reason I'm saying that folks is this is that what we had done is this we broke topside in the dollar When we broke topside we broke topside on the 29th of September broke topside good Then you failed and we came down But it was only down from one day what that is called that's a call the false breakdown town And when you do a false breakdown town most of the time what ends up happening is this is that you go to the moon? If you have a false breakdown town you're gonna go up for a long period of time now the dollar didn't do it the dollar Went to its highs and failed so we'll see how that baby shakes out So I suspect we're gonna go back and try to attack that area notes and bonds. This one's really intriguing folks Okay, the note and bond market they have no doubt caught another bid out here big bid to and I suspect what we have they we have 1.4 million contracts traded in the 10 year if we go take a look at the 30 year what we have out here in the 30 year is the 30 years up one point plus 11 ticks And this is this is like almost at a highs of the last six months And oh, let's us see. Oh, this would be cool. We might have had an ABC up one second. Oh, let me look at this Okay, so now it's not an ABC up a bottom line though it looks like it's going to the top of the range the top of the range right now is 165 and You know, there's there's some real action out here now. Here's here's the kicker folks Okay, this is where I think is going on here and this is gonna be interesting, you know, if you asked me yesterday Who the Fed new Fed chairman we're gonna be I would have said Powell and Then what ended up happening is this is that the so Biden into this is after Biden already interviewed both Powell and They heard oh my god, hold it. It's Lyle. Let me get the number while brand She's she's a she's a Fed director right now. Let me see this one second. It's she's There it is. Okay. So it's loud Brandy it right and You know, it's going back and forth saying, okay, I just don't see Biden replacing Powell and just because of the fact banks Tom That It's a big play, but then all of a sudden I start realizing something like okay So what normally happens is this folks is that just the interview process alone? They know meaning Biden administration knew what they were doing that the interview process They wanted to see my take now I'm speculating all of this My take is that they wanted to see how the market will react Well, the market didn't do anything and then when I stopped thinking about it this morning I says hey, you know what man? What's going on here is that you know, the bottom line is that Powell saying lower rates for longer This woman, okay, no doubt as he says highly trained room. She's a PhD from Harvard Macro-economist she has the credentials and she's dovish And the market will love it because the market and that's what that's what's going on that bond market right now The people were on the wrong side of the bond market And they've been trying to basically flatten out or get on the other side for the last week and a half But that those bonds are saying they guess what we're gonna hear the next I bet it's the next week We're gonna hear the gonna new Fed and it's gonna be a chill woman. Stay right there folks come right back