 The following is a presentation of T-F-N-N. The T-F-N-N 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 T-F-N-N Bull Bear Training Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you growlin' and prowlin' with us. We have the Nile Industries up 51. Nasik up 23. S&P's up four and a half. Gold contract up $10.60 straight and at $14.18. You want to ride a roller coaster, folks? Jump on that train, man. You're going to get a good one. Happy 4th of July, man. That's right. Fireworks. Silver up 13 cents. $15.29 an ounce. That's sweet crude. Up 81 cents. That got slammed yesterday. Down two and a half dollars. Has volume. 880,000 contracts on the way down yesterday. Notes and bonds. Guess what? Consistency. You got it. Higher price, lower yield. Ten year up five ticks. $128.09. Thirty year up a half a point. $156.19. King dollar. King dollar down 44 ticks. Straight in 96.230. The euro is trading at 112. The yen is at 107.5. And the pound is trading out at 125. To one U.S. dollar. Let's go over to our man, Mr. Kevin Hinks, a TD Ameritrade, Think of Swim, as we do every Tuesday, Wednesday, and Thursday. Outstanding program here. Every trading day, folks. 11 to 12. Eastern standard time. You want to understand the option market. Option strategies. Defined risk. Futures. Great program. 11 to 12. If you haven't test-driven yet the Think of Swim platform, just as you're TF'ing in. Hit that banner. Bring it up. Outstanding platform. You can trade with paper, money, and I'd say, thanks for being with us. All right. Here's our man, Kevin Hicks, happy Thursday. Happy Thursday, guys. Make sure everyone knows, it should be a little interesting because even though it's follows day tomorrow, So, you know, not, you know, a reason not, you know, to take your eyes off the market, but everyone should be keeping one eye on the market, made really for an outlier, right? I mean, we got the ADP report today, I thought that was pretty interesting. A little bit of a miss, 102,000 jobs to break it down, basically it got down 18,000. That's what cut into that number a little bit. But just everyone remember, this number, this ADP report, this doesn't add in any government jobs and you may see some census firing in popping up in this number, so don't necessarily think because this one's light that the payroll number on Friday is going to be light, it's not necessarily true this time. You know, it's wild, Kevin, you know, even though all three of us, I suspect, don't think there's going to be a half a point rate cut, but I'm thinking about how we're coming into Friday, right? And what happens Friday, folks, you know, Kevin and Tommy and I were talking about this yesterday, that if you knew that how many people are going to be in, your probability goes much higher if there's not a lot of people in and you just want to run the market. You know, when I say just, it's a collective effort. It's not like something that people do on purpose, they're just saying, hey, if it's going, it's going. And I was thinking, I says, you know what, if you really come in with a really bad job number, then this market says, oh no, they're going to get down a half a point, man, this thing will just take off like, you know, in belief. Right. Oh. I mean, to look at the 10 year now where it is, I mean, you know, this number is not just showing, you know, anytime there is any weakness in this market, they just fly for Bob. They do. To be looking at a 10 year, 194 right now, that is telling you that there's a rate cut in the near future. We have the chart up, man. It's pretty. Amazing. Yeah. It doesn't stop, right? We had a 193 handle, I think at one point briefly, but yes, it in 1.946, man, on the 10 year. And as we're talking, man, they're nailing it. They are. This is coming down. We're right near the lows. It's only 10 a.m. We'll see what happens, man. Yeah. A little bit of weakness in the ADP, a little bit higher number in terms of international trade, the trade deficit. Why is that? Why were they expecting 53.4 billion came in negative 55, China's trade deficit is creeping higher for the last, you know, since it hit a low in March, it's creeping higher. Yeah. And, you know, we'll see. It was interesting yesterday, Kevin, I was on the air in the afternoon when gold stopped running. I'm saying, what is going on? And, you know, I'm not quite sure whether it was, you know, the European Central Bank saying, okay, Christine Lagarde is going to be the, you know, next chair of the European Central Bank. Oh, it's because simultaneously, then simultaneously they came out with the two new fed names. Do you know what I mean? It's like, either way, it looks like money's going to be easier, you know, I mean. That I have for you, Tom, because you've been watching gold a lot longer and a lot closer than I do. Who's coming on big volume or much lighter historical volume? No, it's big. Someone's, it's been big for a while. It's been big for a good seven or eight weeks, man. There you go. I mean, that's telling you with conviction. It is. And, you know, what happens, you know, folks, is that gold is such a small market. I mean, I don't think people understand how small it is. Like, all you need is a couple of those funds in Chicago or New York to decide that, okay, man, I'm going to put some money in gold and you can really get some big action. I mean, you know, so, you know, it's, it's, it's intriguing. There's no doubt, man, and they were pushing it yesterday. Man, when their first announcement came out, someone came across with 19,000 contracts on one trade. It's like, okay, man, that's not me and you might be you when you're in the pit, but that's certainly wasn't me, you know. Well, hey, listen, I've seen futures, you know, go where no people didn't think they could go, frankly, because sometimes it might be an open interest issue, right? It could be that they're just getting a liquid because of where it is. And of course, now these markets is the algorithms. Yes. Oh, big time, right, right. And you know, you know, today's a half trading day. Well, my memory goes back to the last half trading day, which was Christmas Eve. Christmas Eve, that's cool. To the market to what do you think they're doing? Yeah, exactly. Mommy, daddy, what? Mommy, daddy, why is there no Christmas? Yeah, right, almost, yeah, seriously. Oh my God. Yeah, that's so true though. Yeah, right. So, you know, the half day, remember, we used to take it easy on the half day. Now you got to be careful. Yeah, that all changed Christmas Eve, right? There's no doubt. And you know, folks, that's where we Kevin show option, option strategies to find risk. It's so important, you know, like if we back down, you know, 20 years ago, you couldn't do the strategies that you could do today because that, you know, you're talking about penny-wide spreads in the major indices, you know? I mean, it's so amazing, Kevin, when you look at the, how we were 20 years ago and even today, maybe even not 10 years ago. I'm just gonna add to it. They calculate margin using the multiple products, right? Yes. So factoring in, I mean, there's a number of things, right, totally, right? And think about it, and what you're describing, Tom, and Tommy, is liquidity, right? And how we define liquidity is your ability to get in a position and out of a position for as little slippage as possible. And when you talk about tight markets in deep, that is the definition of liquidity. It is, yeah. And you can see, you know, picture this, I think if we're starting that trade in Korea, I can see that it's started there because once you do the numbers, it's like, okay, why are you gonna go in the equity market, man? I mean, it's like, you know, even on a longer-term basis, there's leaps. I mean, there's a million ways you can do this thing, you know, it's pretty wild, man. Well, listen, you have a great fourth, a safe fourth. Of course, we look forward to the program in 45 minutes, Kevin. Thanks for having me. I guys have a great holiday. Can't wait to talk to you again. You too, Kevin. So there we are there, folks. Tommy and I are coming right back. Dow Industrial's up 59. That's like a 24. S&P's up five. Gold up 15. Forty, silver up 10 cents. Notes and bonds up six ticks. The 10-year, 19 ticks, the 30 will come right back. 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? 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TFNN.com, educating investors. Call now, toll free at 1-877-927-6648. Internationally at 727-873-7618. Folks, down, down is up 65, Nas except 28. S&Ps are up six and a half is just crawling higher. Canopy, canopy growth, they had come up with the numbers a couple of weeks ago and bottom line is that we knew that they missed their numbers in a huge way and they missed their margins in a huge way and there goes the CEO. He is canned this morning, fired. That's a quick one. And this is one of the, he was a co-founder. So Chief Executive Officer Bruce Linton, who helped build Canopy growth into the world's most valuable marijuana firm, is leaving the company. So they got the co-CEO, taking over as the sole boss of the company as it launches a search for a new leader to come in. And he's still, he owned, I was looking at this earlier, and I saw that come across. He, let's see. Oh, look at this, they changed it quick. This is awesome. 45 minutes ago, this wasn't here. Okay. Yeah, so I can't get a chance anymore. I think we're going to call her over there. Let's go to Kim in Ultima Springs. Hey, Kim, how you doing? Hey, we got Ken, one of them. Still there? Yes, who are we talking to? Cam Jackson. Hey, Ken, how are you? Hey, guys. Hey, I got a question about the, the TLT with the jobs numbers coming in on Friday. I'm talking about rates. They can keep running, or we're about out of gas. All of my technical indicators are looking really good right now. What do you guys think? Let's take a look. So, you get the TLT, which is the iShare 20-year Treasury Bond ETF. So what that means specifically, folks, is that everything that's inside of this has a duration of 20 years plus. You know, before it expires. This right now is trading $133.98. Decent run recently. Oh, yeah. And, you know, the way this is set up, it looks to me like it'll run to the highs. You know, that's $133. I mean, that's $142. Yeah, $143.62 is the high there. Yeah. Now, I don't think this is going to be a one-way run, Kim. Okay, Kim. So, you know, we've had a run, well, that being said, we've had a one-way run here since 111 in May. That was November last year, right? Yeah. Oh, yeah. Oh, that's months. Yeah, since last November. Yeah. So, I mean, depending on how long you want to stay in this thing, you know. What kind of timeframe are you looking at, Kim? I might want to keep buying it every week. I'm buying the call options, the at-the-money options. I'm buying this Friday. I'm buying the following Friday. I bought a following Friday into this thing. So, week-long to month-long type trade. Sure, yeah. I see. Okay. Yeah, right now, rates want lower price, man. I'd say the trend is your friend on that one. Yeah. And in a big way, too. You know, if you go over, if you go over, well, look at this, the 10-year, you can look up a 32. It doesn't really matter. You know, it looks to me that this thing, here, I'll do it the other way. This thing is running for 1.71. And, you know, if it runs like it ran the last couple weeks, this is going to go to 1.38 and break, you know. That's all-time lows, 1.38. You know, we're right next to the 1.71, really, you know. So, what is that? The low of November? Okay, same deal. Right. That makes sense. It correlates to where we're just looking at on the TLT. Right. And you break that, and then, you know, you get the game down on this 1.31. It's remarkable. That's only July. It really is. Yeah, about a year ago. And the way that the ADP numbers come in, and the way that the ISM non-manufacturing came in, you know, I suspect, you know, that this number probably is not going to be as big as the market thinks it's going to be. And if that's the case, just when we were talking to Kevin, it's like, maybe the market will decide to say, hey, man, we're going to have even more rate cuts. It's hard to really wrap your head around, you know, in a way, because rates are going lower. If we go over to Europe, you know, we're looking at these rates in Europe yesterday, you can see France is in a negative now on the 10, Germany is in a negative, Sweden and the Netherlands and Switzerland, they've been in one for a long time, but, you know, that's on the 10, we put this into the five, we're going to see it lights up, man. How about the two? Oh, yeah. Because the two is going to be just as drastic. Yeah. All right, guys, thank you very much. I'll keep my eye on this one, and if it doesn't break down, I'm still in. Hold on for the ride, man. Kim, thanks for the call, man. Have a great fourth. Have a great fourth. All right, thank you, guys, very much. Thank you. Yeah, this... I got a lot of calls in the afternoon. About rates and bonds? Yeah, and negative. Like, where's this going? It's so high to comprehend. Like, okay, so picture that we keep going down, and then if you go to negative, well, how does this end? You know what I mean? It's like, where do people put their money? Because then you're getting penalized for having cash because it costs you money. Right. So what's going to happen? I mean, I don't... Yeah. I had a lot of people asking that question, for sure, man. Yeah. Who's got the answer? Right. Yeah. Oh, that's cool. So what are the targets he'll see? The 18 million shares of stock, the ex-CEO of Canopy. Yeah, so the guy who just left the 18 million shares, he'll be okay. Oh, yeah. I know. But no, he's one of the co-founders. It's not a good day for him, for sure. I joke. But he will be okay financially, but once you reach a point where you're set for life, there's more than just money, and so I'm sure he starts the company. He'll start another one. Yeah, right. I think there's plenty of room in the cannabis sector for more companies. Yeah. I say that seriously, as in, you know, exploding sector. This is brand new, man. And he built the biggest one. Yeah, and I had a college professor once say, would you want to be in the best company, in a dying industry, or the worst company, in a thriving industry? Yeah. You always want to be in the thriving industry, because you can make mistakes, anything can happen, it's growing. Yeah. If you're in a good company, in an industry that's pulling back, it's just a race to failure. And so that industry exploding for sure. That's why I always say we're all geniuses in a bull market. Exactly, exactly. You know, it makes up for all the mistakes. Exactly. There's no two ways about that. Let's go take a look at Tesla, actually, because, you know, he came in with numbers, man. You know, bottom line, the numbers are there. Yeah. Let's see. Quite a little reprieve from those lows of early June. And this looks like it's going to be, that's going to be a small ABC up. You know, he needs 12 million points, 7 million shares, we got 7.2. Sorry. So could you bring me along with all you just, I just... Yeah, so here's a B point. Okay, that should be. I didn't know if that was the C crossing the B. All right, so that should be... That's taking it out. So it's taking it out. Okay, it's jumping over that point. I got you. So that's 234. The A is 176. So I got 34 points. It's like 60 points. Yeah. 54, yeah. 50, 58 points. Yeah. So that'd be 275. 273. 275. 275 if you're going off that. Yeah. And that's right up here, which is really just... Let's see what kind of retracement that is. Let me just bring this back a little bit more. So that's six months. Oh, look at that. That's... I watch this when we do this. It's probably only going to be a 0.38 retracement or something, but... Yeah, not quite even. Oh, move it up a little. Okay. Yeah. So 251 maybe. 0.38. Yeah, and even I think it should be even a little bit higher because that bottom's not right. Right. So 252, 253 somewhere around there. So it's still not a big deal. No. No context of where it is. Now the other side of that is what do we just go up? 60 bucks practically. Oh, yeah. Off of 170. You're talking about 35% jump. Yeah. So keep that in check as well. Dow. Dow industry's up 67. Now it's like a 30 S&P's up 7. The market's crawling. Oh boy. Let me get a higher price. Higher price. I think we might get oil numbers after this. I forgot Wednesday. Right back. Tom O'Brien here. If you'd like to get my daily newsletter 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 of 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 that are 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 Day by visiting the front page of TFNN.com. Well, go get them, folks. If you'd like to try my newsletter, then head over to the front page of TFNN and you'll find the path of lease resistance under Trading Newsletters. For all the details and to start your 30 day free trial today, log on to Market Insights at Market Insights.com. I'll see you next time. We'll see you next time. We'll see you next time. 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. Welcome back, folks. I doubt. That was up 76. Now it's like up 36. S&Ps up 8.5. Crude oil. We had to draw a million barrels. I thought that was going... No, what was that? Yeah, I thought it was going to go the other way, right? They expected to draw 3 million. So let's pull up... Let's pull up the top lab. I think they're going to have it. Yeah, they were looking for a draw of 3 to 4 million. The draw comes in. Where are we? Crude oil. Here we go. So there's your number. Crude inventory is falling 1 million barrels. Gas inventory is falling 1.58. Expectation... There you go. Bloomberg is looking for a draw before. That should have had... So there's... Let me get this right. No, I missed it. I'm doing it backwards. There's more oil than the market anticipated. So there's going to be cheaper prices, right? So the market did react correctly in terms of that fall. So the market goes from right at 57. We spiked to 56.46. We're sitting at 56.60. Now I took a quick peek at these. We had... What was kind of cool is we're sitting at 57. We had optionability right at 57 for bullish exposure and bearish. If you wanted to get both of these sides of the trade. So you're just trading volatility to get exposure until noon. You're looking at about $50 for both contracts combined, which represents 50 cents a movement. You need... We got 50 cents a movement in about three seconds. If you want exposure until 2.30. Now interesting here that even though the stock market is closed at 1 o'clock. Right. Looks like oil futures are going to be trading until 2.30 as normally. And that trade, and you also have $3 potential movement on either side, that was going to cost you $38 on each side of the trade or about 75. So 50 bucks, which means 50 cents on the noon or 75 bucks, which is 75 cents by 2.30. And if you made that trade, you have to be pretty excited that you got 50 cents a movement in the heartbeat coming off those numbers. Especially after day like yesterday. Because yesterday started off a little bit slow and then all of a sudden it just got hammered. Sure, yeah. And so there's all the numbers coming in as in crude. Only a decline of a million barrels. They were thinking you'd see a decline of three, maybe four if you went off the survey number. Right. Gasoline, decline of 1.5. Estimate had been thought. And breaking that down. But we'll see how that oil market reacts throughout the day. Yeah. Let's go to Mark and Ford Collins. What's going on, brother? How you doing? Good, man, yourself? Hey, Mark. Good. Good. Hey, just had a question for you. Let me turn down my speaker so I don't hear you in the background here. OK. So I know you guys have talked about an ABC up on the spy. Yes. And I see it on the daily and I also see it on the weekly. But the weekly projects to a much higher number. Have you looked at that or have I just seen it on the weekly? No, I don't see it on the weekly. Let's see what you're looking at. Yeah. On the weekly, I've got to go into 335. So I didn't know what you thought about. OK, let's take a look. You said So where is the B point on the weekly? All right. So A is at two, the low is at 23376. That's OK. The week is 1224. Yeah. That's the point. Yeah. The first 294, right? 29495. Yeah. Week of 429 had 331 million. Right. And then when we broke it on the week of 617, we had 403 million. Look at that. Wow. That projects a lot bigger than the daily that you were talking about. Yeah. It's nice and fluid as in no craziness in between. Right, Mark? I mean that's pretty solid in terms of the C to D so far. Straight line. Yeah. Yeah, that's real. I was just wondering if the projections not 303 or 313 or whatever you guys were talking about. No, the 303 is the daily one, but you're right. There's no doubt. And the real, you know, and yeah, you know, what happens is that, you know, when one's so close, you know, like you get that big volume by the next time, but really you going downtown then. So he's looking after a week down. Because what's supposed to happen, well, my definition of an ABC structure is that you got to go up with volume, you're down with light volume, and that's not light volume there. You see how that works? Right. So it's heavier volume on the way down so it's not a true definition of an ABC structure on the way up. But that being said, guess what? I'm glad you called man because that's a big heads up. There's a lot of factors that go into it, right? There's no doubt. And I'd say I'd like to look at that, too. Yeah, there's no doubt. And what does happen is this, like, when I pull up any of the indices, but when you really do look at the Dow industrials, you know, Basil's bringing this up when I was interviewing him yesterday, and it's so true, man. Like when you put this out, you know, it's like, okay, man, we've been consolidating here, you know, since, what, January? January 18. And, you know, when you consolidate that long, you know, you know, we're going to be approaching almost two years at that level a year and a half, right? Right. And, you know, then my head is going to this deal about if rates are going to keep going lower, it would seem to me anything that has any value at all outside of cash, people are going to put their money in. Because it's like, if you have cash, you're, you know, getting penalized. So it's like, okay, if you're a stock person, you have cash, you have stock, it just charges me for cash. Or I'm not making any money, right? So, you know, where my head's going, he's like, man, this is a different world, you know, if these rates keep going lower because, you know, that cash is going to get used. And there's so much of it out there. It's probably getting used for some gold right now. Yeah, it's, it looks like there's a similar projection on the diamonds. It's like a, a 50 point up from the low of 63, and it started at 297. And it's at 268 right now. I'm sure, because that run from that A point, which is basically Christmas Eve up until, you know, the, the first six months of this year. I mean, it's just amazing. And then they all got, you know, that quick pullback and now we're right back up at that B point. Yeah, yeah. Yeah, that's, that's a real deal, man. Yeah, you know, then, you know, you have the volume. Yeah. And the, I think all is they have to really do too, which is really interesting is get away from that point. You know what I mean? You get up and over it, get away from it, and then you've got a new territory that's going. Those cues are dealing with a little bit of a different fundamental factor in terms of they got maybe, you know, the big power houses getting maybe some regulatory concerns. You got the chips with some trade concerns. So it's a little bit of a different when you get into that Nasdaq with some of those high fliers. And there's nothing on IWM as far as weekly, but the daily looks like it's got Navy ship going on. Yeah. And let's, they're everywhere. So on the, on the cues, the daily, this is interesting. I mean, you're running this 191 right now. See, they're going to be this market, man. I think this is going to run the rest of today. Wake up Friday. Run the heck out of it Friday. We'll see with that payroll number. Yeah. Yeah. Yeah. You got it. Maybe it goes all the way up into the full moon in the middle, July, July 16. Yeah. We just had the eclipse yesterday. And then there's another one on, I think, July 26, I think. Yeah. That comes in with the full moon or with the full moon was 29th, I think. So, I thought it was the 16th or 17th. Is it the 16th? Okay. So the Eclipse is later in the month, but, you know, there's, the lower that rates keep going, the more that people are going to have to put their money somewhere, you know, I mean, I'm just going to throw out though, in theory, rates are only supposed to be going that low if the economy is pulling back, so then people are going to go, why am I going to throw all my money in the stock market if the economy is going to be so harsh? So, I agree with you, but then that's the, okay, so then where do you go from there? Because if the rates are so low, that means you can't use the money to make money, so that means companies are going to be struggling. If you figure that out, have a happy four, Mark. Give it back. Stay right there, folks, tell me when 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. 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An investment in the funds is subject to risk including the possible loss of money and fund services LLC. Don't forget you can listen to T F N N live on your mobile device 24 hours per day. Go to T F N N dot com and hit watch Tiger TV. That's T F N N dot com and hit watch Tiger TV for the latest market information. Just hit that keyboard because guess what these markets are going higher. You get the dollar 109 that's like a 46 S and P's up 12 S and P's gonna hit we might have no idea what the next one party coming into July 4th man, what do we got we got the futures at 29 91 and we got the cash at 2983 watch out and that future number for that daily ABC up is 3055 OK so fed and reserved that this one's interesting because I didn't see this yesterday when they sold the two names as to who they were good idea. I saw the names right as to what is a longtime dove the other one is a one-time gold bug yes but no longer I believe yeah right things change quickly under this administration okay so after a year long assault on the Federal Reserve and the chairman Trump is tapped to two widely different economists the central bank board who's wildly different widely different while we have one important thing in common they're both likely to support the president's call for law interest rates you get crystal whaler waller whaler whaler yeah oh now he is the head of research I believe at the st. Louis Fed right okay and if you go to the same you know if you want to do some work folks that the st. Louis Fed their website is so cool it's unbelievable that's so out of all the Federal Reserve banks the st. Louis Fed has the most research and I think it's just for so many years but it's all free it's it's amazing I mean you want to you want to get buried in some papers and read some great papers that's where it's at so I can see that they guess what he shouldn't have a hard time getting confirmed and then the second person Judy Sheldon she'll probably make it too I don't I mean you know they said she's spent decades outside the mainstream but now why do you say that she'll probably make it too because the last because the last guy cuz I don't know her number one well that's why I'm way okay and the last couple guys that Trump has nominated there they were both insane I mean you know more changes is not made this is how we see every you know and the 999 plan for Mr. Cain was not going to be public policy on day one so I agree with you but only going to the fact that Judy Sheldon has spent decades outside mainstream economics and recently appears to have completed a metamorphosis from proponent of returning to the gold standard so you know oh did did she maybe realize that she's going to be a Fed governor and 12 months ago decided to change everything I mean this is what's going to be talked about when it comes to Senate confirmations and then you have Waller who's the much more conventional though director of research St. Louis Federal Reserve right and so they just kind of go in here Senate confirmation so you're gonna have a process this is gonna take months to play out just like Stephen Moore Herman Cain they were held up for a while didn't even begin the process really so this is something that takes some time and so that's why I say well why you think that because I think we're gonna start hearing more and more and more about past positions that they may have held and I'm very curious to see what comes out from Ms. Shelton if she is a gold standard bug because you're gonna be hearing about them and that might present some problems for her but it looks like Waller maybe may have a as a high-ranking Fed staffer Waller may have a better chance of passing muster with lawmakers than some of Trump's previous contenders as for Shelton the Senate had already confirmed her in current role as US executive director for the European Bank for reconstruction and development now they may have but a Fed governor much more important position than just a director for the European Bank of reconstruction and development much much more important so gonna be wild it seems that no matter which which way is going here we get lower rates coming at us yeah as of now I mean the market made the right correction as in if they get in lower interest rates seem to be a good bet and if they don't get in next person coming down the pipeline probably a similar avenue from Trump so right and so you know we're gonna close out this one o'clock today folks what's that the 30 year okay it's the 30 year and it's over its eyes 156 22 not bad last high up it was 156 17 19 ticks positive for the day yeah and if we take up this generic bond what you're gonna see this is the continuous contract put this back like 15 years now you're approaching this yeah 159 is the next next deal about three points to the way 159 16 yeah now when we get to this point this is where I mean this is coming into some heavy resistance you know but we've already eaten through five points of the resistance to the top of that bar and this is what it's gonna be November gets all election day baby it is that's when you know rates went exponential that's when everything went berserk right so we went from 164 to 151 in the 30 year it looks like 164 was game again yeah that's that's how this is looking man yeah because you're right yeah you're actually already yeah you're into the bar by five points yeah I mean the low that self is only what 15 14 points yeah now the one thing so that's the election right now I keep you know we're just talking to the mark talking about the S&P man it could run right that a to B straight leg right as we come into this election I keep bringing it up there's gonna be a lot of volatility man and we're already in the election right the Democratic primary debates are already there you're not seeing the market reacted all them you know the markets gonna let things play out for a long time but man that election is now only 16 months away the jet yeah you're gonna have the Democratic candidate the full election right now you I will get the dates you get the Democratic candidate I mean they have a good six nine months whatever it is where they're chosen and they get to run against shop so you're gonna start seeing the market no matter what's happening there's gonna be uncertainty all right we can all agree there's gonna be some uncertainty as you come up to a presidential election especially this one well that's everything right you know regulations tax cuts the Fed governors what if a Democratic president comes in and they aren't putting Fed governors in there so Humho gonna be low rates no matter what there's gonna be a lot of that uncertainty and market hates uncertainty so just be aware as you look for those higher-run prices that that's gonna be a headwind over the next 16 months and it's not gonna go away until that election is decided I mean even if you go back to the election night November 16 when results first started coming in the market crashed right now it really crashed because it was almost uncertain who was gonna win right because it was gonna be so close the moment that the market figured out Trump was gonna win they exploded back to the upside right the biggest concern with the there's gonna be uncertainty you know it was gonna be a 51 50 so close there was gonna be a recount each person that was the nightmare scenario well that's kind of what's gonna be happening as you get close to those three months coming up to the election no one's gonna know who's gonna win right and the market's gonna try and figure it out well I assume they're just gonna price some risk into there I assume trade you would have thought maybe they'd price some risk in at some point over the last two and a half years doing that hasn't happened yet so we'll see but yeah so we take a look at Royal Gold and this is getting away from its eyes which is great you know you're 103 87 the high that we busted out this week is 100.84 Frank on Nevada FNV we back over that high yet not yet okay 86 yeah 86 06 yep now you certainly well hey we'll see how chicken we made it over there yeah last week right 86 81 and had the volume yeah which was good volume last week so it's gonna be a big number though yeah you know you got those babies busted out the real and and you can see what we have now inside the gold market to folks is that the just like yesterday the surprises to the upside you know so it's like we pulled back today before but it was light volume and all of a sudden it sits there first you know five hours and then just takes off top side yeah it was a 50 loss of price to the downside in there though I'm just I guess that's quite a surprise no I mean I don't know I don't know I don't think you had to go back I know that's your take but those are there was there were two surprises there down and up 877 92766 we're eight down up 93 now it's like up 43 S&P's up 10 and a half 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 we tigers and tigers is 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 6 and 3 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 is transforming to one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.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 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU 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 8 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 Basil 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 Basil found the computer software which included the standard market technical indicators enhanced the degree of accuracy in 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 Basil'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 Basil'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 folks down down is up 94 Nasdaq's up 46 S&P's are up 11 and folks as you come over to our website at TFNN if you haven't checked out the gold report great time to do it you can read on the featured content to see the gold report there you can get that for one month you can get it for six months you can get it for a year all with a 30-day money back guarantee one month is $85 six months is 395 which is a savings of 115 22% and a year is 695 we should save 325 or 31% that's right man gold rockin and rollin that's it's intriguing check it out you need access just you can access all the archive so you can check that over to the fourth you get the issue you just put out Monday and then of course you got another issue weekly issues come up to my 900th issue you are man would you just put out 897 897 that's crazy we got three more weeks issue 900 on the way that is crazy gotta love it man gotta love it and speaking of commodities one check back on the oil contract quite a five minute bar we had on that news you dropped from 57 all the way down to 5619 we're sitting about 5648 on a bounce on those oil numbers maybe some cheaper gas to go along with cheaper money yeah low interest rates cheap gas what could be better man kind of like cynical as in folks gas does not tank interest rates are not at zero as the market goes to the moon okay that's that's not how things usually work all right you know if if if factories and everyone's using oil and everybody can make money because they can use money then interest rates would be higher and oil would be higher and so we'll see what happens but I know interesting nonetheless it is imagine being professor right now and you know in a financial class yeah it's you know there's just so there's so many variables we all know the variables but which ones are the most important ones the markets is considering exactly totally stay right there folks we have fast market coming up next then we get our man mr. Basil Chapman and live till one o'clock with the market open you got it man have a great fourth everyone be safe have a great one is safer folks