 Educating investors. 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. Any questions today? 877-927-6648. I posted the chart of the footage. As you can see, it certainly looks different than ours. But remember, this happened before the report popped up. So it could have continued to go higher. That I don't know. I was just giving it to you as I saw it. It was a said to me early this morning. Another one you want to look at, of course, here is the German Dax. Because it has been, uh-oh, hold on here. Just a slight problem in River City. Just give me one second here. We just hold on one second. I just found out just a few minutes ago that Mr. Vin Scully is going to be buried in Westlake Village there at St. Jude's Church that I belong to when they broke ground on that little puppy back in 1966. There wasn't even water in the lake at that time. And we had some famous people that belong to that church. My goodness. I wasn't one of them, by the way, boys and girls. Let's go over a market that is in the news and we need to pay really close attention to it. And that is the Crude Oil Market. I'm going to give you my guest bet. Best guess of what we're looking at here. So hold on one second and we'll get the chart up and you'll be able to see it easy enough here. This is the daily chart of the Crude that we posted in our newsletter. We said that that was a big ABCD. Fortunately, it went right down to the level. The low was 87.01. The numbered measured to 618 was 87.35. And of course, we had a very strong rally after that. And I think we need to go over that because it's had a huge, a huge move here. And some of these things that we're seeing today are hitting a lot of these patterns that we talk about. Some of them we've been waiting for for quite some time, like in the E-mini S&P and some of the others. But here you can see what we had here in the Crude Oil. You'll notice here the bottom, the big ABCD to the downside. You can see it coming in right there at 87.01. Then we had the rally yesterday went exactly, folks, to the exact tick of the 382. We mentioned that in a newsletter. They would most probably get a rally to extend up to that 92.64 level. The high was 92.65. And from there, we came all the way back down, folks. I'm going to show you in just a second. We came all the way back down to the 78% swing of that whole move interday. In other words, you're talking about $5,000 up and $4,000 down. And that in itself is really, you know, to me quite amazing. Probably what we call a coincidence, but that's neither here nor there. Okay, I'll put this up here. You'll be able to see the... Would you please, someone please let me know that I'm coming through all right because I'm not getting any response from looking at inside the host mechanism here. So, Al, could you let me know that I'm being heard because I don't know whether I am or not, and I certainly don't want to waste anybody's time here today. So let's remind ourselves of that. But this is what the Crudeau did. You see, after the high, it made this really nice garly up there and then came down, made a 382 retracement boom, and then, boy, down it came, you know, straight down. So those are just some of the things that we're looking at these as we're watching some of these markets unfold today. That was one of the larger ones, and I do not know what's happening here. So let me... Shucks, I don't know what's going on. Well, in the dark, as they say, and loving it. Okay, let's move on here to look at another chart here pretty soon and we'll get move on to the next one, and we'll go from that level right here. And let's move that Crudeau to where we were, and I wanted to show you what happened to Crude because you'll see as we post this up here, you'll be able to see that we are looking at, one second, get this chart up, and we'll be able to see it. There it is. Here's the Crudeau all over the last several days. We came down, went below the 78% level, and folks, we are all the way back up to 91.55 already. So it's gained back more than 78% of it in just two hours. That is not a very formation, folks. I think you have to pay close attention to the fact that we've made possibly a very major bottom in the Crude oil, heating oil, and your gasoline contract. So let's take a look at the net. First we're going to look at the gasoline contract. It's a little different because we went substantially below the 61% retracement, but we did make a beautiful, as we put it here, there you go, you'll see the beautiful ABCD, the three drive to a bottom that occurred right here. This was just several days ago, as you can see, we posted this in the newsletter. We've had a very strong rally. It hasn't even made a 382 retracement yet. We did it in the Crude, but we've not done it in the gasoline contract. So even though we're having a lot of short covering in here, maybe this is a major bottom and maybe it isn't, but the way that it's acting coming back so quickly is, yes, it looks like it has some of the earmarks of something that is very, very important. And we'll just want to make double check and see what's going on here, see if I'm getting through here because I can't tell whether I am online or not. Let me double check just to be sure. Yeah, it looks like I'm online, but by golly, it doesn't look like we're getting anything moving here. So let's move on one second here. Okay, there we go. Now we, okay, there we go. We're in good shape now. Okay, let's move on here. And I wanted to cover the gasoline and also we need to cover the heating oil contract because here again, these markets make patterns, but they don't make them all at the same time, especially with Crude Oil because Crude Oil is the background of the heating oil backbone and the natural and the gasoline contract. So that's the one you want to watch because that's got the biggest open interest. But you can see here, this is the heating oil. Now it made a beautiful, you know, butterfly pattern down there. The others made three drive to a bottom patterns, okay, but not with the heating oil. The heating oil made a beautiful three drive butterfly pattern. It's not a three drive folks. It's a butterfly pattern down there. Now we've had a pretty good rally, but not even 382. So it's still in the mood to see what we're doing here. Now, we've got some other patterns that are hopping in here today. We're going to get those right after we come back from the break, but we've got some that are looking pretty interesting and I think we'll have to pay close attention to them because they look like they could be really, really powerful ones. And we'll start out, of course, with one of our favorites, which is the gold market. And we'll get this up here to show you and we get back from our break here. We will talk about the gold market. 877-927-6648 Foaming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This is the gold flagship asset is the Monk Todd Gold Project in the northern territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world class gold project in a tail one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This is the gold just completed the Monk Todd feasibility study, which resulted in a 7 million ounce gold reserve in a 16 year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, devious partner, ready development stage gold project. This is the gold trades on the New York Stock Exchange under the symbol VGZ. 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 amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 Days Risk-Free with our money back guarantee at TFNN.com TFNN Educating Investors. Toll Free at 1-877-927-6648 internationally at 727-873-7618 Okay folks, we're going to talk about the gold market. As you can see here, we are making a huge ABCD pattern that measures to 1822. The high was 1823-90. We're now trading at 1813. I believe that's a pretty good spot there. Today we posted that in the morning to show you that yeah, there's a big ABCD that was coming in very, very close to those numbers. Yesterday, I remember we had talked about the possibility that we were getting really close to a high coming up here in the gold because I'll bring this up. This is the one we looked at from yesterday when it was trading at 1817 and change and today we went a little bit higher with the news that came out. The market spiked. We had gone from 1800 to, actually jumped $23. It went from 1800 to 1823 during the report and that brings it up to that final target that we were looking at which was 1822. In fact, it's valid. I'm not sure, you know, you're never sure about these patterns folks. That's the time you think you're sure. That's the time you really want to be unsure. The one that looks the best sometimes is not the best. So remind ourselves of that. It's not about how much money you make. It's about how much money you don't lose and that's the key to what we're watching here is looking at some of these. Now, there's another one out here that we talked about for quite a bit and I think it's important because we're at the moment of truth and this one also, this happens to be the old favorite of everyone, the old stop and P, the E-mini S&P. Put this up here and you'll be able to see it here. There's where we were. You can see our bottom that we had back here back on the 24th. We had to move. There's the key right there folks. We were, that was the 26th of July. That was actually the last time I was on as I recall and we were right there at 3913. That was a 6382 retracement. You see I've marked that there so you can see it. A perfect ABCD. Well, if you do some addition and subtraction if you add B and C together and you subtract A, B plus C minus A will give you the number you're looking up here which was 4210 and the high today was 4212. Well, it was awful little bit so far before it probably goes to 46 or 49 or 50 whatever you want to look at. But that's one that looks very, very interesting from a beautiful pattern. Now, there also is another one. This is the Dow Jones E-mini. I want to bring it up to you and you make your own decisions but the patterns are a little different in this because you know you're only looking at 30 stocks when you're looking at the Dow E-mini and with the S&P you're looking at 500 there's your 8 minute chart you can see beautiful there was your high of the day we came all the way down to 3210 something I forget what it was 32180 or something like that but we could easily go above it but these are patterns that allow you to get in for short term trading and you have to pick the time frame that you're looking at but if you wait to make sure that the time frame matches the pattern that you're looking at you got a pretty good chance and that's what it is. It's a game of chance and you want to put the chance in your favor and the best way to do that is by preparation that's the one that will get you to the promised land and it was one today that we did several videos last night on the E-mini S&P Gold Crude Oil the Euro will cover the Euro in just a moment and then of course the one that was what we thought was the easiest trade of the day which was the treasury bonds and we'll start out by looking at the treasury bonds here on the longer term time frame this is the weekly you can see here we made the 382 retracement up here at 46 we're now trading at 42 just about ready to go below 41 but coming in to report like what we had yesterday the bonds were having a little bit of a rally and so what we were saying is look at something like that find the one that gives you the best possible entry with the least amount of risk of what you want to do and that's what the whole key to trading is all about folks and what we're going to do now is believe it or not we're going to go across the land here and we're going to see the picture of the treasury bonds on a 4-hour chart and you'll be able to see it clearly what we were looking at today we're going to get to the 61% retracement up there at 44 behind was 4407 it's now two handles lower or more I haven't checked it recently but the risk here was very small and it's already made to grand which is the kind you'd like to see so now do they always line up like this of course not but when you've got a report in there you've got to expect to see something a little unusual for just a moment folks all of a sudden today the Federal Reserve sees that oh my goodness maybe inflation is coming to an end and we won't have to raise interest rates like this that's probably what they're thinking right just like what you're thinking inflation is out of the road our earnings increasing no not yet so the emotionalism that you're seeing today is the ideal situation for pattern completion not when our guests will be Stan Harley on Friday we have Peter and Lydie's stock market cycles and on Monday we've got Norm Winsky of Astro Tens but we also have tomorrow is a full moon and boy it's going to be a beautiful one because we're getting ready for the harvest moons and those are always the brightest so whether they have the same power that some of these we don't know but we know that it's a 14 day cycle so this is where you should be looking for an area to add to your positions if you're long but possibly even reversing and going short if you have that opportunity to do that maybe it doesn't work all I know is so far it's working pretty good but that doesn't mean it's going to end up for the day that way does it we don't think so we don't know all we know is how to react to it and that's what you really try to do when you're doing these things because then you're able to keep it in your bailiwick there's a bright break coming up here and I want to mention one other thing I mean Vince Golly is being buried at St. Jude's Catholic Church in Westlake Village which I was one of the founding folks there back in 66 one of the people on the program with me was Dave Stockton who won the U.S. Open the golf pro-clint walker the actor Cheyenne Strother Martin you remember him from Coolhand Luke he says what we have here he's a failure to communicate well he died in Westlake hospital and my ex sister-in-law was the nurse that was taking care of him he had a massive massive heart problem and there was nothing they could do about him he was very young he was only like 62 63 but a really nice guy Mickey Rooney also belonged to the church oh there were just a lot of people there nice old folks living in the same dream I just got really lucky living in that place do you know folks believe it or not this was 1966 and I moved in there and my phone number was 213-889-1618 and I didn't know Fibonacci from Cabbage and that was my phone number and I remembered it all these years because of 1618 later on it made a lot of sense hey let's take a break 777-927-6648 we're coming back with the euro if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN.com don't miss out on the next great gold trade sign up today TFNN is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system an outstanding piece of software that will complement any trader's methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartly ABC's Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either 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 8 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 on TFNN.com Okay folks I posted the chart of the Euro here this is the daily I want to show you the sequence of events here because it's relatively important but I was getting ready to the break here I was thinking of Westlake Village and stuff in fact my my youngest daughter is going to be moving back to that or about moving back to Westlake Village and she likes the area quite a bit and so we were chatting about that a little bit but the story was this was in 1985 when I was going through a divorce we were sitting there we were splitting everything emicably I was taking the directional stock and she was taking the house she got the inside I got the outside she got the gold mine I got the shaft is how that movie goes no everything was great but our priest was there who's still there at St. Jude and our attorney was there and we were going through the stuff and our accountant was there Mike Davis was there and he mentioned to me he said boy Larry he said you really come back well from that million dollars that you lost in 1975 and the ex-wife said looked at me and she said you lost a million dollars in 1975 she said you took us to Hawaii for a month during the Christmas holidays the whole family nine of us and we spent a lot of money and you said we lost a million dollars and I said well you know case of E sometimes it goes sometimes it stays anyway it was good that I lost that money because that's when I got the garly book found out what I had done wrong through the years and been fighting my way back ever since been doing okay so no complaints but thinking of those memories was really quite so if you're if you're losing here folks keep keep it up just keep trying you're going to make it if you stop making some mistakes you're going to be okay that's main thing my main I've told you many times the reason why I lost that money because I was just stupid I added losers you know I didn't really follow margin because I thought I was gold and I didn't know what it was like to lose but it took me a year and a half to figure it out but since that time I've learned a little bit and that's really good let's get back to the Euro here now this is the daily I want you to see this because you can see the smaller pattern that's here this was so so easy to look at today because once that report came out I want to get it up here so you'll be a blow it up and be able to see you know what I was watching here and here it is right here we'll get this up hold on one second and move up here okay here's where we are this is the blown up version of the Euro and I want to I want you to notice you see this read all these days right here we're setting their 102 and change there's where it was setting folks right before the report well you knew that we're going to be stops there for God's sakes and course it hit it and it went straight up and completed the ABCD pattern guess where folks right at the 50% level and proceeded to back off 50 pips now will that be enough I don't know but I wanted to be watching that because it is an ABCD as a matter of fact if you look at it closely you can see it's a double ABCD so there's another one that has pretty much lined up the way you'd like to see it now let me see if we have any we don't seem to have any questions coming in right now but maybe there'll be something in I hope Basil's having a fun day on his day of trading live which which I really like doing will do that sometime in September October probably God willing and she usually is okay now I've covered the Euro and I've covered the crude oil okay give me one second here now I want to see where we are a couple of quick markets here is this the one I wanted to see here ah yes yes yes yes had a question boys and girls about the stock of Mickey Mouse let's get it up here so we'll be able to see it where are you Mickey is this it here we go here's Disney just one second here and the question was is Mickey Mouse a good buy Disney a good buy here well folks it was a good buy down here where you had the butterfly bottom down there at 90 and change now we're trading up at a 112 some 112 111 and you're completing a giant ABCD up in here no no I can't be a buyer up in here that that you're giving a look at this things up 25% in in five and a half weeks so you're buying into strength and now you're buying into strength where do you put your stop well if you want to put your stop at today's low sure buy it or the day before is low buy it or the three-day low buy it put your stop below that but you know I would rather buy on a nice pullback and you're not seeing that at Disney right now now what we want to do is we're going to do the same thing with Disney that we did with the Euro in other words we want to blow this area up just to see if we can see a pattern that gives us a little bit better indication of you know what's really happening with Disney and so we will get this up here with God willing and I'm she usually is where did I put you Mr. Disney oh no no no I've lost you Disney Mickey Mouse worry no I have it here we go there it is one second and we'll be right up here now what I've done now is blown this up so you'll be able to see it easy and you'll be able to see is what we're forming today is that same three drive pattern that we're seeing in the Dow Jones and the many and all the others whether it's going to be good or not I don't know all I do know is it by golly you know we got that lunar cycle coming in tomorrow and the market's really strong they got the greatest news since you know Hector was a pup and that dog 17 years old so you know this is a pretty good spot here you know to take the other side is if you can buy the ABC on the downside the three drive to a top on the down three drive to a bottom on the downside you should sell a three drive to a top on the upside because all it is is the reversal pattern of that so remind ourselves folks that these patterns repeat but boy they're far from perfect because when they fail oh boy and when they fail this could be one of those days that's what you want to be looking for but so far markets are doing pretty much what we expected we've made the big ABCD I haven't checked the S&P recently to see where we are someone just told me it's trading around 4202 that's down about 10 bucks from the high the Dow Jones is down about 150 from the high and we got gold trading down at 1813 that's down from the high that we had up there at 1822 that one is doing okay and bonds continue to go down down down and that's what we're watching as we look at these things another question that someone's just asked is about the crude oil where would you look to be the first buyer of crude oil well we mentioned that after you have a major bottom you know come in you should look for a 382 retracement but yesterday you remember that this is this is where it gets really difficult folks let me show you in just one day because this would you could have got hammered well you wouldn't have hammered because you'd had your stop in but look at this you've got a perfect 382 retracement okay off the bottom okay this is a two-day rally that's all it is this is Wednesday there's Sunday Monday Tuesday this is Wednesday okay that's a 382 exactly well if you're going to buy that 382 retracement okay you got to put a stop in there of about 60 or 80 pips because it went all the way down to the 78% retracement we showed you that earlier so you can't stand in front of that you know that's a that's the main thing you know that's all I can tell you just be careful just like the gold you know gold measures 1822 so far the highs 1824 .1 does that mean that's going to be the high yeah for the first three or four hours it does but for the next few hours it might not mean anything so remind ourselves that's what we're looking at as we go through now we've got another two and a half hours of trading to go here in the stock market and if this thing rolls over and doesn't close as high as it did the other day remember we were up 400 points on Monday and closed down hello operator what we do yesterday we were down a little bit went down to the 382 retracement and boom from there from 4090 where did we go 4212 and that's the ABCD so let's keep in mind it's not how much money you make it's how much money you don't lose 877 9766 48 this coming Wednesday August 10th Basil Chapman will be hosting an all-day live webinar from 9 a.m. till 2 p.m. Eastern time while he'll be presenting the technical tools based on the Chapman wave methodology a full in-depth course on his entire trading system over the five hours of live education Basil will discuss studying and practicing entry and exit points assessing where to add or subtract from positions utilizing simple technical tools for holding positions longer taking bear charts and adding notations tools and patterns as well as identifying three core formations that repeat in every time frame and much more when you sign up you get a chart booklet emailed to you immediately to start studying and you gain access to his daily newsletter the opening call a $149 value the cost to attend is only $295 and the full five hours will be archived don't miss this live special event Wednesday August 10th with Basil Chapman for all the details and to get started today visit the front page of TFNN.com right now to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only $37.50 sign up for Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee 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 four side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ posted a chart from the newsletter here because we had a really critical level you'll notice here that we've had this really strong rally coming off of that 382 on the weekly down there at 1675 and that brings us up here to really closely to that you can see that the 61% retracement comes in at 1830 and we hit 1824 that's within you know six bucks of that number now whether that's going to be a major number not we won't know for a few days now we're trading you know 20 C 14 20 we're trading about 10 bucks under the high 1813 someone just told me and so we that's doesn't mean very much $13 and gold is very very small amount but if we close down on the day and we're really close to doing that the low of the day was 1808 so we could easily start down on the day and that'll make the people that bought it today a little suspect because what the Federal Reserve is taking into account is the fact that maybe inflation is over and if you think inflation comes in on Monday and goes out on Wednesday you better reconsider that because it takes a long time for things to happen this way to get them to this level and then also to undo them and you know we're seeing look what if this is the bottom of the of the crude oil heating oil and gasoline you know you're look at natural gas natural gas is trading at 817 it's only 10 bucks away well $10,000 away from the high at 9 and change and believe me today it's moved $6,000 so it doesn't take very long for these markets to move so inflation doesn't end overnight I mean they'd like for you to think to and what is the bond market telling you today well the bond market right now I just got a quote that it was two handles under that 61% retracement up there at 44 and change so pay attention to this don't always listen to what the news is sure sometimes it's going to be on your side you're going to see it the right way but stuff that people talk about is really scary you guys remember Art Cash and he's not on anymore Art and I are the same age unfortunately his health has not been too good and that's the understatement of the year but one of his favorite quotes was when he was on with Mark Haynes all the time at CNBC he said I have a hard time believing in anybody that's on this program that hasn't shaved and he said that includes the boys and the girls and it actually broke the place up I never did forget that and when I got to visit with him once I told him I thought that was the best thing that you had ever said and he said I actually got into a little bit of trouble for that and of course that was before the woke environment but that's what happened but what a stand up guy he is and we want to wish him all the best I haven't heard from him long I hope he hadn't passed away I don't think that he has I certainly would have known that one okay let's move on sure lost a lot of really important people well anytime you lose somebody it's important but my goodness Bill Russell Kevin Scully Olivia Newton John you know TC from Magnum PI gosh he was he was only 83 he also got killed in an accident in Los Angeles and so you know gotta be blessed for everything you have folks every day is a present so remind you that it is a gift and stay on the green side of the grass folks because when the time is up the time is up and it's not what you can do about it so live every day in an attitude of gratitude and may God bless I learned that from Tony Robbins and I try to live by I complain a lot just like oh my goodness and we have a caller in today Jimmy from Palm Harbor what's up my friend Larry it's good to hear your voice my voice is back I didn't know how close to car to your caverns you are I was there about 10 years ago yeah very close everybody talks about the Grand Canyon and Zion and places like that but that is just an unbelievable place yeah it's really if you ever come to Tucson the two places to see are the Air Museum and Carson and this is really because it's so preserved you know they didn't fight until about 25 years ago and you know it's millions of years old boy it is really spectacular I guess from what I understand the family you know discovered it they kept it secret how they could keep it for 15 years and they got funding from the Arizona state government to turn it into a national park and that secret was pretty well kept from the public and this right up there next to the Grand Canyon just except it's underground yeah it's really spectacular place one place you don't want to go to is the biosphere that's ripoff but hey I shouldn't say anything bad about it but it used to be good not too bad you want to ask a question about gold Jim? yeah I missed I was driving and I got an incoming call so I missed your review of gold now Shane yesterday's talking you know we could be into a pretty major hit which would take several years and I'm looking at this chart here but I didn't know what your feeling was over the next if there's patterns that have completed right here I think you were saying maybe it was 1821 1822 1822 was the number it hit 1824 and change that was the ABCD we're down about 10-12 bucks on that level right now so it shouldn't get above there if it's correct but we should have it we should get at least a $70 correction because we went from 1675 all the way up to 1825 it's $150 so a 50% correction is going to take you down 75 bucks so I would think we should get at least a $75 correction but there's a chance at that low we made there at 1675 five weeks ago that's got a chance if that can hold it's got a chance that gold can make new highs on this thing I know everybody doesn't think it can happen and you know looking longer term and believe me if we go below 1675 you're looking at 1430 so you know I'm not going to trade it for a $70 move I'm looking to you know get in for an 8 or $10 stop on the things that I'm looking at that's what I'm looking at Jim is that we should start coming down and we should drop somewhere between 38 and 50% over the next couple of days if it's really good now if you now if it broke that level and you're sitting is it time to go to the safe deposit box and cash in a couple of these St. Gaudens? No, don't ever do that especially St. Gaudens now keep those you know how old are you Jim? I've got five years on you Larry you're 87 oh yeah I don't I don't I don't believe you 74 okay backwards yeah no keep that you know every time I ever think about doing that I walk towards the bank and I turn around and go back the other way because I kept them all these years I'm certainly not going to get rid of them now that's sort of my ace in the hole if there is such a thing and if you needed it sure but if you don't need it you know it's not being made anymore they might it but it's not being made anymore so my assumption is to to hang in there longer term right at what point in time I know you've always said you bought those those silver pieces way back when at you know 8 9 11 11 what point time would you say boy I want to back up the truck or at least start living again? I believe it or not I have deferred that to my heirs okay that's exactly you know I said do what you want to with them just don't tell me when that's all I need to know look I had a lot of fun with that stuff through the years just the memories I had of going through it was worth the amount of money you know that I was fortunate enough but God the people that I met the coin dealers and the celebrities and stuff oh my gosh I'll tell you it's been spectacular hey Jim thanks for calling in buddy hey he's back Billy Ray is back see you later bye bye 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 in 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 for days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time 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 subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors 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 tigers for just $1 for the year 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 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 okay folks I had a question for one of our listeners and that is he's interested in buying some gold coins and he wanted to buy the gold pandas that are out there well pandas are cute but boy they are mean and dangerous so stay away from those the reason why is they're easy to counterfeit folks if you're going to buy gold buy gold coins either from the US government or one of the bullion dealers get it from Maple Leaf or Cougar and Austrian Krona Mexican 50 pesos everybody knows what those are they've never been to any of the countries in the Arab countries in the Middle East if you're ever in one of the markets there where they do gold buying and stuff you'll notice that they'll have a little marble stand there and there's a little he has a little silver or gold hammer and he puts the coin on to the tip of that pedestal and he taps it and by the ring they can tell exactly what the percentage of that gold is and I'll tell you I saw it myself otherwise you could probably go to video and find it but boy it's amazing how this is going back to medieval times they were doing this but they take a little hammer it taps it like silver on silver gold on gold and it'll tell you pretty much whether it's pure gold or very close to what the content is this is what they've been doing for years and they're still doing it that way if you have to have an assade 100 bucks minimum to find out whether it's pure and they might even damage it during that time so I'd stay away from that buy US or foreign coins that you know are of certain gold value and stuff and same thing with silver coins you can just research it a little bit it's not too difficult to do that so remind yourself anyway live every day in an attitude of gratitude tomorrow our main man one of our main men Mr. Stan Harley on Friday Peter Lides see you on the flip side tomorrow boys and girls bye bye