 The following is a presentation of TFNN The TFNN Bull Bear Training Hour every training day live at 10 a.m. Eastern Call now toll-free at 877-927-6648 or internationally at 727-873-7618 The TFNN Bull Bear Training Hour Now Tommy and Tommy O'Brien Welcome folks appreciate your growl and a problem with us out here We have the now industrials up eight now is it down 21 S&P's are five and a half gold contract of $4 trading at 1401 you get silver down 16 cents 15 dollars 33 cents of gold and silver folks caught the bid yesterday Gold goes through a 14 15 overnight bottom line. You get your ABC price projection Then we got in a couple days in spades quite a run notes and but oh oil That's a thank you the wrong We'll get back to oil notes and bonds to get the tenure note down 15 ticks 127 18 the 30 a bond off 26 at 154 29 we go let's go take a look at that I believe these are backing down with light volume after going topside with volume once again So we take a look at this. Yeah, you get it. That's exactly what's happening You get 875,000 contracts. I think we went up yesterday with about two million Yeah, 2.2 million so they're coming into 2 million. We'll see whether they're gonna do 2 million That's a lot right now, but the bottom line is that Friday and the summer guess what? 1130 folks Things just No, no King dollar King dollar down 83 ticks 96 05 the euros at 113 the yen is at 107 62 and the pounds at 126 now if we get open look at this dollar also, I believe this is going to be the first time in Since last October That the dollar three days in a row is actually gonna go lower and we're gonna have volume We have 13,000 contracts right now So we'll see how this shakes out also at 1130, you know, I mean that can dry up dramatically sure Because what we've had since all the way in last October is bottom line is that You go higher volume with dying the grind vine you go lower and we'd only get like one day of volume We got two twice. We haven't got three since last October. Okay, you know, so bottom line will see how the shakes out today Friday and the summer, you know, but guess what? Let's look at that gold contract. This is this is a move folks So watch this if we bring this up what you're gonna see it looks to me Well, we finished the ABC structure up so when you do that this has to this should build cause now That's what you want to see if you're a bully you want to see it build cause you don't want to see this Go up another hundred dollars right now because then that The extension would be just too much. Sure. So if we bring this back what you are gonna see is that We are right at the cusp of a major breakout. This goes back to That's 2013 right look at that. Yes. That's Six years basically and when you get so the bar that we have here folks if you watch a tiger TV, this is the one of the Ultimate bars that you'd like to look at meaning that it's a wide-ranging bar. This look at that This bar is actually a hundred dollars long. Yeah, that's you know seven or 14 or six It's on a continuous contrast right quite a month, right? And you know our manager Larry Pezzavento who has an outstanding show every trading day here. I mean You talked to him about wide-ranging bars, man I mean he taught me so much about wide-ranging bars You get a wide-ranging bar on the way up. You better not be going shot You get a wide-ranging bar on the way down. You better not be long sure because they normally folks don't come in ones That's how these things shake out man, you know, so so we get some action You know the Let's go take a look at some of the high of volume equities. We had that slack IPO yesterday Yeah, quite a number right up like 50% at least Right there at the top right? Yeah, they're at $37 and so this the way this works folks is that this is a direct Listing yeah, and the company doesn't get any money, but what ends up happening is shareholders can sell their shares now That's how that's how this works. Yeah They thought that the thing well They put a price point on it not a price point because there's no such thing as a price. It's like a reference price 26 bucks right and you got 38 right now that you know, so this this so that's that's some real action interest We take a look at the higher volume equities and I will see whether you get any volume out here today you get Let's say you get Bank of America up 17 cents. You got Microsoft up 28 you get Intel up 22 You get micron Is that yeah down 77 inside the Dow industrials the strength versus the weakness And you know what that's right. We have option expiration today. It's a third flag. Yeah, okay So there'll be some action into the close. Yeah, that's okay So Goldman's putting 11 positive points Chevron 9 you get Wal-Mart put in 6 American Express is putting Yeah, American Express put in 6 and what do you see this this is this is this is why people folks go absolutely bonkers about how companies get away with Everything so Wal-Mart watch this this was this is this company put out put so many people out of business folks It's unbelievable. So what this story is about about seven years ago. I remember this so well because Anyway, what the story is about is that Wal-Mart pays 282 million to end the long-running bribe probe Okay, so this bribe probe has to do with Brazil as well as Mexico and they were bribing the officials To get their stores open quickly and to change zoning. Okay, okay, so what they did yesterday is this they got rid of the Criminal complaint by the by the Your Justice Department for 282 million then they got rid of the SEC by paying 138 plus 144 million to the SEC so they got rid of everything yesterday, right now watch I Forgot this number up, right? But if you want to see how this is like pocket change So it's it's approximately. I don't know 650 million or something. Okay, okay 650 million right and that got them Open so many stores so quickly was unbelievable. Well, they take in 526 billion. Yeah, so it's not even a day's gross. Yeah, it's like just over one percent of their revenue, right? Yeah, I hear you. Yeah, it's pretty intense. Yeah, I mean No, even one-tenth the 1% Yeah, because 1% would be like 5 billion because they're taking 500 billion, right? So like 500 million would be one-tenth the 1% when I was looking at the number. I'm figuring it's like one 1,000 just to put it so it's really Open six hours exactly. Yeah, it's not close to one day. It's a third of a day. It's like, you know, are you kidding me? No, I agree. Anyway, it's they did say it was interesting that Walmart, Brazilian unit though Pulled it up is owned by 80% of its own by like a venture capital of something Brazil okay, they're not even the biggest player and that unit it looks like right, okay? Is it? Yeah, they're just like a 20% partner of Walmart Brazil, which is interesting That's Okay, so oh, let's go to Bitcoin, right? Yeah, so 10,000 looks like High 99 22 I wasn't sure if yeah quite a run man. That's and so that look at this Four months ago. Look at that 3,300 200% winner. Wow. Yeah, and now if we bring this up longer It doesn't even look like you had a retracement Yeah But look at this because the next one might be right around the the corner man So, you know, yeah, this this one's looking just as parabolic is the first one started to look into that run from 3,000 to 10 11,671 it's gonna be a good weekend. There's gonna be a pullback. Where's it gonna be though? Yeah, right? Yeah, looks like it's gonna be a good weekend for the Bitcoin Dow Dow industrials are right now up three Nasdaq's down 20 S&P's are our five stay right there folks The Taz profile scanner is the most revolutionary piece of trading software that you will ever try Wouldn't you like to approach the markets with confidence as you begin your trading day? 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You can still visit us at the same TFNN.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors all now toll-free at 1-877-927-6648 internationally at 727-873-7618 Up three Nasik down 23 S&Ps off six and I heard that update this You know quite an explosion at this Philadelphia refinery. Yeah, and is it actually right in the city? I you know if they say Philadelphia Philo, it's like Boston. It's gonna have it suburb So I don't know what that might encompass You know, they might say Boston if it might be in Hyde Park right in Boston for those familiar with the areas Etc. Let's see if this place this is the video We're watching it. Let's see if I were winded if they're gonna make us watch an ad. Nope. Here we go So check out so pretty apocalyptic to be I mean pretty pretty unreal. They report no injuries. Hopefully that's the case because it It looks like so near Philadelphia. Okay. Okay. There you go. That's not being outside. Yeah, right. I Wonder who is nonetheless right next to a highway. Yeah, it's in the boonies, right? I'm not like it's out there I see look at that. I mean pretty pretty they said you can see it some space I would so hot So pretty remarkable and thankfully nobody looks to be injured But yeah, I mean you see of gas futures as you'd expect when you have a refinery like that The most in three months in terms of a spike the largest on the US east coast in terms of the refinery and a key supplier to the New York gasoline market Obviously fire threatens to increase the fuel prices from Delaware to Maine just as summer begins Which is normally a time of peak driving demand as Americans hit the road Of course coming up to July 4th not that long away a couple weeks Because what you have here this is like not a one-time deal. I mean the refineries gone Oh, yeah, it's like okay different folks of the refineries down for a day or two, but now it's gone so it looks like it started after a leak in an Alkylation unit triggered explosions shutting down the garage point section of the refinery the fire has been contained We contained I mean what's to contain it's all obliterated Okay, so they put they could process 335,000 barrels accrued a day Oh, yeah, and it's the main supplier of fuel to the New York Harbor market where inventories of gas are currently just below average seasonal levels So they're gonna get even more below that says fuel via pipeline and bodge to New York and New England as always pipe lines up state New York, that's a Significant loss of gas production Certainly gonna be a price increase from an initial shortfall and because chemical fire it could burn as long as all day I imagine, you know you get those chemicals and It what's gonna be intriguing here folks is that It's really hard building new refineries So it'd be interesting to see how this is gonna shake out Yeah, so they say the shortfall will be made up with inventory draws from the local region in the near term and Imports longer term according to lip-ow. He's a gentleman in the industry Supplies on colonial destined for other markets could buy do it could be diverted into Pennsylvania I imagine that there's gonna have to be some diversions Well, it takes about 11 days for a tank could reach these coasts from Northwest Europe So at least that's you know, you're dealing with two weeks of lag almost right to correct Where all these shipments are going that we're probably coming out of there. Let me see do I still have the chart up there Yeah, so there's your gas chart And you traded from about 177 up to 186 man, and we're sitting in 184 35 I mean not even as drastic as it might have You could have expected on right that when you look at where we just were and where we are right now And you have one of the not one of the biggest refinery on the east coast. Yeah, that's out of commission Indefinitely, yeah, exactly. Thankfully. No, it's injured. I wonder how that I maybe that leak Happened and they knew it was a very badly. That's it. I mean, I don't know if you've seen Chernobyl I think I mentioned it was on HBO series Looks akin to like what happened there practically, you know, in terms of they see there's problems if you're running that Oh, yeah, you probably are aware of something going wrong. Oh the alarm's going off. Okay, we got to get out We got to get out quick. Yeah. Yeah, yeah eight seven seven nine two seven six six four eight Take a look at the let's go over and take a look at Amazon. I know there's a story about Amazon today And I'm trying to figure is it Let's see, what are they saying here Amazon has expended plenty of effort to become a go-to-place to buy clothes I clearly make an in-roads in particular to appears to be scoring in the character basic such as undershirts and socks But the site still isn't a great shopping experience. Well, that will change for more fashion-oriented purchases. I mean, that's I mean It would make sense. That's why companies like and gaps not a great example because they're struggling to yeah, but they have a brand Yeah, you know to build up the a fashion brand Ralph Lauren Tommy go figure, right? That's a real tough competition. You want to sell white t-shirts? Okay. I'll buy a white t-shirt, right? I don't need a brand White t-shirt, maybe some people do but that's a tough mark market to crack into And there were a few stories about them, too I was reading something about CVS in terms of them going after on see on CNBC There we go. I won't know maybe CVS. Let's see. They're probably it's interesting there Let's see what this one says because they were talking about the primary All right, I don't want to get get through it while we're on the air, but it had to do with those prime Pharmacy benefit managers. Yeah, and how CVS right now is going after an Executive that left CVS to go work for Amazon and their main point is that listen Amazon has the delivery and the reach to basically Deal directly with insurers cut out the primary benefit managers, right which CVS takes in 100 plus billion dollars a year 60% of their revenue from that part of their business It's the middle man staggering right it almost seems like Right, and that's what they're going after. That's what this is saying at the last thing That's that they think within five years. They're gonna have it together to cut the lid the middle out Well, you know, it's there's so much money there and that's why we're getting charged so much money for drugs in general So I mean it's the spread is huge You know, yeah, well they and then so there is this is another article right there So CVS drug distributors slip as Amazon aims to bypass the primary pharmacy benefit managers, right? So this is the article that yes, so we'll pull up those stocks. They must be down. I was reading the article Amazon appears to be looking at ways to bypass pharmacy managers and contract directly with employers and health plans According to one analyst that's probably where that article that I read this morning is coming out Well, it's difficult to predict the success of pill pack now pill pack Amazon bought them So that's them now Difficult to predict the success of their efforts to bypass existing RX payment structures Amazon's gold detailed in court documents Are a potential negative for yeah pharmacy men and what's interesting is the detailing in the court It was done by CVS saying this is how they're gonna cause us harm right by taking this guy Cutting us out of the middle, right, you know, and I believe that that is, you know, it's Amazon JP Morgan and Berkshire Hathaway, this is this is the group that got together that I'm gonna start with your own companies and then reduce Making a business of reducing drugs for big companies It seems like a con the way the way that it is just created a hundred billion dollar middleman to go from the insurers, right? To the consumer, right? Well, and and I agree Amazon has a reach I mean if you just don't the prime members alone and So you can document show that Amazon help talks with Blue Cross Blue Shield and I believe Blue Cross Blue Shield 100 million plus people that they cover so you just deal with that one person, right? one company Pretty well pretty remarkable seriously man. Let's get a rabbit in Kansas City. Hey rabbit. What's going on? Hey, good morning. Thank you for taking my call. Thanks for calling. Thanks for holding man. Appreciate it You bet. Hey, I had a question about gdx and it's kind of like a serious question about gdx and gold So when when the folks on the show are talking about gold in particular they say, okay, well if it gets up to 1435 it's going to hit a swing point that occurred six years ago Can you help me to think about I'm having a hard time wrapping my mind around What that means because it seems like you know, you talk about swing points and things or where Buyers and sellers exist. It seems like what happened six years ago isn't In my mind. It's not relevant because it's okay. Jump to break. We'll be in the park. We stay right there be right back Hi folks, Tom O'Brien here If you'd like to get my daily newsletter of market insights Then now is a great time to sign up for a 30 day free trial Every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety markets currencies And commodities to keep investors up to date on the day's trading action Included in market insights are specific buy and sell recommendations for stocks etfs and even options Which stops and price targets included for every trade in my newsletter If you'd like to try my newsletter risk free for 30 days Then head over to the front page of tfnn and you'll find market insights under trading newsletters I use my years of trading experience to bisect and dissect the market every morning And give my subscribers the most important information they need to know for the day ahead I even issue afternoon updates for my subscribers whenever warranted with important market action I'm always scouring the market for the next great trading opportunity Sign up for your 30 day free trial to my daily newsletter market insights today by visiting the front page of tfnn.com Look at them folks The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas, then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now 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 David white has programmed 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 godlies 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 available 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 This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Kansas City and we're going to talk about swings and supply lines So Robert we'll start with the the gold contract now get to the gdx, okay Okay, so what happens is that if I bring this gold contract up what you're going to see is that You know gold topped out in 2011 at 1920, right? Then you know you went sideways and you come down and you come down pretty heavily I believe what you're talking about is that you know in What is that September? No, it's August of 2013. That's 1428. Okay, so the way swings work is that The as you're coming up to a The supply line happens to be anything over where you're trading and in this particular case You can see this supply line is really big here I mean the supply line you could start the supply line over the other side and what the supply line specifically is Is people that have bought over the price that you're at the equity or in this case the commodity has come on under that price and There's so many people that are stuck with gold at a higher price. Yeah, just choose like 1400 for easy ballpark Right. I mean if you bought it in 2010. Yeah, you've been underwater, right? So what that tends to happen in this particular case, let's say it's 2010, you know, it's nine years later A couple different things happen. I believe okay. The first one is that Even if you bought it at 1800 you might be selling it at 14 say okay because it's not it's not like as a year later I want my 1800. Okay. So as you're approaching that supply line, that's where there's more supply Unless there's more demand. Yeah, okay. Yeah, and you can see that we went up there twice and failed, you know, if she's moved over the Yeah, go ahead. We went up there first time we went up into that level. We went up there in 2016 It got to 1377 couldn't handle it too much selling Came up there again for four months in a row Beginning of 18 and couldn't handle it then what we just did is that you can see and if I do this if I put this up What you're gonna see the the buy-in was extraordinary before we broke the swing and It was laid out pretty well, but you could see that the they were still selling that see the first time that We get up there, you know, we got up there on the 5th of june, right? You go to 1348 and then we closed at 1333 I mean, you know, so some was sitting there selling selling selling next time Same thing we get to 1362 selling selling selling we closed at 1344 Next one same thing we get to 1366 it closed at 1348 then guess what the buyers overtook them Okay, so now let's go to the gdx So we take a look at the gdx I'm sorry On gold so that next level like you said is like 1428 so if they overcome that level it's like It has the ability to go a lot higher, right? Yes, my take on it right now is that we're going to all-time highs the way that we broke That's what it looks like to me and what happens is that you know I mean this could take a year year and a half or something but this is as a size of break so if we take this And we bring this down what you're going to see This is like Technically that is one classic that you broke top side. You broke the trend You broke top side you come back and tested the trend. This would be a this is a bud rolls like Excellent example. I agree totally and then you take off and you take off with monster volume So it you know, yeah, you get over this and we're only talking short money here the 1428 We're over the bulk of it. You get but if you get over 1428 this thing I suspect is going to be able to get to 1600 pretty easy So if we look at the gdx now Okay, we put the gdx up and what you're going to see inside the gdx Is the same type of setup that might be a a little bit of a self-fulfilling too because so many people rely on that 1428 number and when it clears it there's going to be a piling on That would be correct So I would say What you could say too is the reason that's the reason why it's such an important number As in you're either going to see right where people start selling because they see is a critical level Or there's enough buyers that it treats away from that level, but that's why it is everybody knows It's an important level right it hasn't traded above there in six years So when you find out Even though everybody knows it's important Are there now more buyers and sellers if it keeps trading into that area? Exactly. I think that's where you find out And that's where so picture Let's picture that none of us are even in the marketplace, right? If you've been trading, but you're let's say that you are a trader, right? What would happen with traders? They're going to take their positions That they can have something at their back And that's what swing points really do like if you if you're bullish you say I I love a breakout man It's breaking out. It's going if you're bearish It's like I like selling because it's you're either right or wrong very quickly So if it gets back into that range, it might just sit under 14 under for a little while Right, maybe you get stopped out, right? So they're very they're great places to place Trades, that's what also happens. And that's that's what you're that's why Momentum can change at those places somebody got there in 1800. I mean Robert. We were just at 1,050 in like 2015 That's almost like 40 30% up from there Right, you can that's a still a pretty great value if you want to get out of that Oh, yeah, it could be it. Yeah, it could be a time, you know, so the the gdx now You know, you're challenging the gdx is going to be this 31 area, you know, I have 16 You can see we made we made it up to 31 in uh 2016 31 79 Yeah, and you know bottom lines get stopped to this tracks because let me bring this back I had to bring it back a little bit further actually because you'll see the supply line And that's and the gdx that supply line is extensive man. It goes all the way back to 2006 So that's pretty intense man, you know people hold in there. So if you blow by this 31 Then it's like game is on a huge way, man. It's pretty remarkable. So far from that though Like 30% we are. Yeah. No, no, we are there's no doubt So what you're saying is gold could cold go up the gdx could stay put because it has a different swing point No, no, no it goes going up the gdx is going to get to 31 very quickly. Yeah Okay. Yeah, all right. Yeah Well, thank you for taking my taking time to explain that to me. I appreciate it. I appreciate your growling proud of us, man Have a great one. Thanks for having a safe one. Take care man Yeah, so it's the whole thing's intriguing man, you know, I don't run it I mean 1920 was the high made down to a thousand fifty just even a few years ago So yeah, I mean even if you bought higher You know, you're aware just like we're saying that this is a critical level. It is you just you know You're feeling a lot better getting 1400 than you were at a thousand 50 Right And that's where you make your decision and you find out you know start charges higher than maybe everyone's not selling They're saying, you know what I believe like you're saying We might get a little bit more action out of this and right I'm gonna let it go into that that trading area and what's important to understand inside the metal market Is gold the market is so small It's like, you know, we all can think that oh there's so much gold that you know So every ounce of gold has got in mind forever is still around But guess what you can add all that up and you can add the market caps of all the gold stocks up and it's tiny You know, so it doesn't take a lot of buying And all and now we're talking about You know, if you go back if we talk about how how much money funds have today versus even 20 years ago Oh my god, like It's so much more money, you know, and people are looking to put their money somewhere. So, you know Yeah, it's gonna be intriguing watching this and you have to keep just keep your eye on the dollar It's gonna be all about this dollar, you know and there's You know if this dollar bottom line gets into this 94 And it continues with volume, then you got some they see like what's what's happening right now When we started This looks like the one's gonna dry up again on the dollar with 14,000. I think we started with 13 So this is you know, we might have the same phenomena, man Do you know that? Stay right there folks. Tell me that I come right back 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. 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Yeah volume's got to come in because look at that volume right now You actually got volume already 385 million. Yeah is a lot and so that's Um, it's coming. That should that was at the open exactly and it's it's all really at the close most to trigger on the Options and you're going to get both exactly. I think it's futures futures too, right? Yeah, what happens is that the the cash smp Closes on the open okay, and then the rest of them close I mean close on the close sure, but you can see look at that Uh, the nasik has already done 596 million. So there's going to be some action out here today We'll see whether um, you know, you stay sideways My take is that this still wants it hasn't finished its abc structure on the way up yet The spies know either the queues so how about oil? Can we take a look? Yes the contract? Let's see Active contract. Yeah, let's see where it brings us going to bring us to july no august. There it is. Okay. So now on the queue Not that not a lot of um, especially I don't know if everyone heard it the story is out this morning, right? That there was potential strike for Retaliation in terms of the drone getting all right and trump pulled it back when then like mere minutes and right, you know, um, nonetheless There could be some escalation. Um, just pretty muted response when you think of the implications of Back and forth missile strikes with iran and oil is up 50 cents. I mean yesterday that was It getting priced in to some degree right three bucks three dollars two dollars and 98 cents But still we're just back to where we were at the end of may Um, right so right and this is you know, so we were just talking about supply line now This is a big supply line right here, you know And what that would be is that that's when oil went from 61 to 57 too So, you know, you get to build some cause here to get through this, you know, and Sorry, go ahead. Well, just what happens is that politically this is where You don't want to be shot oil I would agree because the risk reward side of things is that you know, we're not going to get some news that everyone's going to say Oh surprise surprise, there'll never be war because that's just not going to happen So the only potential is that there's a titan tat back back and forth and then that could escalate Uh, yeah, that's right. Yeah Yeah The implications of no because the story out there was it They said that there might be 150 people that would be killed and if you start getting that type of back and forth then Yes, I imagine that market will react and look at so the market Oh, it's intriguing here folks. So, you know, this this market is going to basically be flat push higher Uh, it's getting it's getting a bid right now. Let's go look at those nq. So Shut up like 40 points. Yeah Yeah, we're solid 60 points off the law actually the law that thing man Yeah, that low and even overnight. I guess they're calling the low but that low. What is that low at 77 33? Yeah, 55 points. All right, and now what you just did here now This is pretty cool because back to the swing point lesson. There you go. It's just launching that swing And it's like, okay, you made it by the swing and that's why what you want to do too This is what I've learned is that when you're taking swings out If you take them out with conviction meaning it's the wide price for an accelerated volume Your probability is much higher that you're going to continue that way when you don't when it's like the fight is there When you don't have the acceleration just common sense because it gets tight Yeah, it's just common sense. It charges right past it. Of course you might have a better shot at continuing. Yeah, definitely How about bitcoin can we pull it up again and see where Because it's uh continuing in terms of 256. Um, so we haven't quite hit the high of the day 99 22 I bet Paul said a nice run Paul and Anderson. He's he's been too busy to call in as this thing's been charging I mean printing money somewhere. I mean even look at where we were it's it's amazing When do you think um june 10th worked 11 days from there and you were at 7500 and you're up 33% almost when in 11 days, I guess they're all trading days in bitcoin world, right as opposed to I know Yeah, they really are the weekends. They must call the weekend trading days That's it's it's when you get this type of momentum. It seems that on the weekends. They really You know can really push it man. I mean even a week ago. We're sitting at 81 80 That was the low on friday. No, so look at that. That's the gap over the weekend. Yeah, right And what you're seeing here So we're what we get a bloomberg shot here folks But guess what if you had some other kind of shot you'd be see trading in between that but and this one here Apparently, they just don't have it. Oh, you know, yeah Because this is uh, is that the future right the actual technically future So it's just like the future pit closes over the weekend for the s&p future I don't know what they based that on whether it's a cash. Let's see Oh, well, they already start so what uh, let's see. Let's see if they say what they No, they just call it bitcoin. We can look at that Yeah, so There's lots of meanings to the the price of bitcoin these days in terms of what index are you trading on what what? You know, it's interesting last night Yeah, here it is So look at this last night you had goldman taking it a run at the retail banks now Okay, this isn't goldman's best interest because what goldman did is that they bought let they bought one of these Who would you call it a financial like really internet type of company? Yeah, thank you. Yeah, so with this guy saying okay traditional consumer banks face an extradite existential threat from new digital challenges according goldman sacks executive and the company's retail unit marcus Well, when you see this, okay, there are two types of investment banks banks that Are screwed and there are banks that don't know this route Said entrepreneur adam doll founder of personal finance app clarity money. That was acquired by goldman. Sure, you know, so Uh, they have a financial tech Company, and they're saying financial tech companies are going to do all the future. That's right surprise surprise, right? But I tend to agree with them. Oh, no, I do too. You know why so this is what he gets into here right what he gets into folks is that the amount of Goldman's in a unique position to force the industry to be more accountable to the consumer Not to fleece the consumer out of 200 and fees per year for which they're receiving little value That's it's going to be the fee structure. Yes that you know people You know well what ends up happening is that let's say that You know you I don't know you're 15 16 you open in your first bank account You probably would be open it on one of these fintech companies. You would because you don't have the ability, right? I mean if you want a free account at a Wells Fargo, you need you need a direct deposit for this amount You need to pay this money bills a month. You need you know that those set of criteria Which a lot of people don't have to avoid the fees So then what has to happen? Well, you have to pay the fees if you want it right and then guess what now you don't have to pay the fees You can go set up an account. Um, and I bet this is an industry that's making a lot of Headway in terms of it's it's getting better and better and better in terms of the options that you have You know my account it's free. You can pay your bills. You can do whatever you want And once they get that client folks that that's I mean people don't change banks a lot. It's difficult, right? And you know they can really keep their fees down by just having this online environment huge economies of scale You don't need this physical presence of banks No, you don't even probably need ATMs in a in a variety of ways that they're doing things. Yeah, that's Might be a wallet, right? That's that's yeah your phone is your wallet, right? Yeah, it's pretty intense. Yeah, no doubt 877-927-6648 This is going from green to red folks. Down industry is up 52 and as I got one s&p is a flat tell me I come right back 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 tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets? I'm steve rhodes author of mastering probability And for the last 12 months timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s&p 500 for the last 12 Six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use That has transformed me into one of the best at what I do Sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfn.com And get immediate access to workshops where I take you step by step How to use an extraordinary set of tools as well as provide great market calls to sign up today 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 dollars per ounce gold peaked at more than $1900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations As of april 1st of this year the gold report currently has eight active positions with an average Unrealized profit of almost 8 for each open trade new subscribers get a 30 day money back guarantee So you have nothing to risk for all the details and to start your gold report subscription today Visit the front page of tfnn.com. Don't let gold's next big run pass you by sign up today Since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns As well as market trend calls thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter right now You can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basal's newsletter the opening call today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Now it's up 60 now it's except two s and p's the flat and folks If you haven't checked out the gold report yet great time to do it and we we got a run out here Do we have an action going on in the gold market right now? We do Is there action over there? There's no doubt So right under newsletters, of course you click newsletters gold report right there New subscribers 30 day money back guarantee check it out new issues always published monday You'll get access to the archives instantly when you get in there and new subscribers You can sign up 85 bucks for a month 395 for six 695 for the year all of those come to the 30 day money back guarantee So I suggest people when you give it a try go for the six month go for the year You can still cancel it and if you're unhappy you can get a refund and uh, I think they'll um Be happy if this action continues man. This yeah, it's It's so this is the first run since 2016. It's remarkable that we're at the highest from Back just 13. Oh, no, I mean, you know just that it's been that long that we've been trading at these levels That's right crazy to say all right and that's The cool thing there folks is that that is the the longer that consolidation when you can get out of it Sure That's when you really get action because that's been the building of cause for that particularly long period of time And then when you look at that we have we were trading at the same level nine years ago to the 2010 I know starting that charge. So let me tell you it's it's gonna be a while watching this thing shake out And it's it's gonna come right back to the dollar again You know and it's it's not the end of the world for the dollar going down to you know 94 98 I mean 90 whatever that you know number is going to be Um because we've been laying at the same place and the the cool thing What gold did do this time, you know it back downs No doubt about that, but it did not back down as much as it could have back down. Sure, you know, that's sure And that's an indication that guess what the people are still buying Stay right there folks. We got our man. Mr. Kevin Hinkson that TD Ameritrade coming up next and we get Basil Chapman Steve Rhodes Dave White. I'll be back this afternoon. Thanks. Thanks, man Go get it folks