 Welcome back folks. I appreciate you growling and proud of us out here. We have the now industrials down 45 Nasdaq off 11 S&P's off eight and a half Let's go over to our man. Mr. Teddy cake stat as we do each and every Wednesday at 40 past the hour You can reach Teddy every trading day folks at 4x dash trading dash unlock calm That's 4x dash trading dash unlock calm Teddy cake stack. What's going on brother? We're ready man, you know, I'll tell you I can't wait because you know silver start moving like an explosive move yesterday And the currencies really are not moving that much and then you get a follow-through today It's like okay, man. Someone's buying that hand over fist, but let's start with the currencies. Where do you want to start? Well, I think we have a bit of divergence that's starting to settle into the market here Over the past few months. We've seen basically the major currency crosses trade Dollar and tandem if you will on the Australian dollar New Zealand dollar were the ones that were kind of going opposite of the majors against the dollar Okay, as a whole our euro US dollar have been basically in a range trade for five six months now And even though it looks kind of nice on a chart the ranges of it's super super tight. Yes Now we have heard a lot of rumblings about trying to weaken the dollar to help bolster the US Economy and what have you we know that the Fed chairman spoke last week and Was just more of the same when he spoke to the House and the Senate now tomorrow and Friday we have Fed speeches coming up from other members of the Fed. Okay, you're gonna have or just a reiteration of what the Fed chairman spoke about last week What will be interesting is if there's any talk about what's going on with the UK? Because the pound is obviously one of the biggest weights in the dollar index and where the euro has basically been going nowhere for months The pound is really really hitting you low as it hit two-year lows Yesterday and today and I think that you have to really Wonder what's gonna happen here with this currency like there is a lot of weakness for many reasons because of the UK economy Now you have EU saying that it's too hasty of an exit that they're pushing for right now Which how can it be hasty when they've been dealing it for two years now? Even though it's a few months away where they're trying to get their target date. Yeah, that's quite a move, huh? Interesting yeah, and I think that being said is that now we're gonna start to see where you know The dollar index has been a great way of trying to gauge your 4x currency crosses like the euro the pound of the end And what have you yeah, we're all trends However, now I think we're gonna have a period where if the pound continues to maintain this bear trend Which I think it's very likely that it will Dollar weakness is not going to lift the pound. It's not gonna be the water. It's gonna lift the boat. You know what I mean? Yes, so The euro you might now see like a lot of divergent opportunities over the next couple months Meaning that the euro US dollar could see not necessarily a major rally But maybe lift its range up to that 114 to 116 maybe even pressuring the 119 area That would be a dollar weakness starts to come into play which we fed cuts rates in the next meeting Have you you know what these are things that we've been talking about right, but I think that's gonna happen with the pound I think there's gonna be a complete differential there Where it's just gonna maintain its bearish move and then we're gonna start to see some really good trading opportunities Between these different cross rates Now like we I've been saying how the euro US dollars go in sideways Tommy, I know you like the and Tom. I know you like the end and stuff Especially with trying to gauge the gold trade. Yes. I think that the with dollar weakness coming in Perhaps that that might start to get a move but the yen I think is kind of trapped like the euro US dollar Right, I don't think see any major breakouts with them But now your crosses would say the yen pound or the euro pound or even just the pound dollar That's where I think the trend is gonna start to really weigh on the pound for a while until we start to see Something come out of the UK and change things Boy, you know, there's so much you have to know about the currency market, man It's pretty wild, you know, that's the I love how you put this together Teddy, you know, because This is the thing I'm talking about with you guys today is that we usually look at that as a guide Yeah, I think that's gonna be something we can't use as a guide now for the next three to four months No, which is so cool. I'm glad to teach you this about the other crosses Yeah, I get it. I get it. Do you know what I mean? Because I'm gonna have to start wrapping my head around because let me tell you man, obviously, you know The silver market has been so far behind the gold market I mean in a big way and then all of a sudden yesterday, man, they're coming in hand over fist Not only just in the commodity they're coming in on every one of those silver equities. They're blowing away swing points They have volume behind the move and it's like, okay I so I suspect and that's all start hunting It has to do with the different cross rates that you are talking about not what I'm not normally looking at Do you know what I'm saying because I do in fact, I got a question for you Being that gold and silver are making the moves and this comes into this point where when you have divergence of currencies This starts to trickle into other markets like we already know the interest rate variable. It's solid There's not a question. We don't need to try and pass that for months But now as far as valuations like with these trade deals and what do the ramifications mean? What about oil? Let's say that like the oil number to comes out This week Yeah Very big deal and you know if If it's bullish, let's say and what if we have oil back up at 70 75 bucks a barrel in two three months What does that mean for gold? What does that mean for the dollar? It means that overall We're gonna see some major major swings come September and October. Yeah, and well with oil It seems like you know, we had a drawdown today and they're still selling it down So it looks like we'll have an high time going past 60 bucks. Now that being said though what I've watched Okay, which I follow, you know a lot Just in general because I follow some of these stocks Iron ore has taken off like beyond belief folks. I know it just went from 450 a ton up to 850 a ton Okay, so and the reason that and just What I've seen is that when you get a real commodity run, that's what normally starts happening Do you know what I mean? You get a couple of these anomalies that just take off like wow man, okay? That just they almost doubled right Gold already did this deal, you know, I expect higher But it certainly has as a bid still was getting a bid right now And so what I'm looking at said I'm saying if the if any of these softs if anywhere I actually farm products not getting a bid then that is saying that's saying to me in a longer run That the dollar is going to get hit, you know, it hasn't got hit now It hasn't you know You know the key points about CRB index what happens if the metals continue to rise oil continues to rise Have you looked at corn lately? I mean, I can't believe I messed up You're trying to get long back in May and still didn't even just buy some out of money puts It's up 40% over to pass like month and a half Yeah, don't over the next two months No, and that and that's when you know you get a real commodity run folks That's that's because you know, it's also running Teddy And the nitrate stocks, you know potash they're running like big time man I mean, you know CF just went from $39 to $48 in three weeks That's a big rally That's a big rally and that what that means folks is that the potash stocks can charge more money to all the farm is Because guess what they're making money to and we know they haven't been making money So is that turn out there? We just don't know it yet, you know, listen man It's always a pleasure. You're gonna get me studying this week. I like it. I like it Okay, you can reach Teddy every trading day folks at 4x dash trading dash unlock comm That's 4x dash trading dash unlock comm Teddy. You have a great one safe one. We look forward to the program next week Thanks guys. Thank you. I appreciate it. Stay right there folks. Come right back