 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 garal and a problem with us out here. We have the down investors down 454, Nasdaq's off 88, S&P's down 38, Gold contract up 33 bucks at 15.17 an ounce. You get gold and an ABC structure up folks. 15.85 is your price projection. Silver, silver's got quite a bit out here. 60 cents up, $17.03 an ounce. Light sweet crude, slam the other way down 2 bucks. $51.60 a barrel and notes and bonds. We have some action in the bonds yield today. The whole market's going to be the story. There's no doubt. This notes and bonds folks, this is a great time to be alive. I'll tell you that man. For many reasons. The 10-year note up 28 ticks, 130-21, 30-year. Check it out. 30 years up, 2 full points plus 18 ticks at 163-18. I saw it in the newsletter. Two points, two points. He's got to be right. They're going after all-time highs. My take is that they're going to bust them actually because 1.31 is the 10-year yield. And why don't we pull it up? I mean quite a chart man, right? 1.59. 1.593 the low and quite a trend. We ended August, we ended July, excuse me, with a 2 and we just hit a 1.5 handle. And you're barreling into it. The problem for the bond and note market folks, you're barreling into it. This is not a tippet move. King dollar. King dollar down 157 ticks trade in 97-2. 60 years at 112, yen is at 105 and a half and the pound is out here at 121. Let's get over to our man, Mr. Kevin H. T. D. Maritrade, as we do each and every Tuesday, Wednesday and Thursday. And don't forget folks, I'm telling you man, you better have defined risk out here. And this is a great trading market, as Kevin, Tommy and I were saying yesterday. My take is that these S&Ps are going to bounce. They got slammed really good. And guess what? They need more energy. And my take is this energy is expended right now. It doesn't mean it's going to go lower in the future. But the bottom line, I think we'll get it to bounce here. So every trading day right here, 11 to 12, East and Sand to Time, you want to understand option, option strategies, futures, great program. Kevin H, what's going on? Good morning, Tom. Good morning, Tommy. You're exactly right on two things. Time number one, these are great trading days. And number two, the E-minis, as we speak right now, are bouncing. They're only down a little... 1.2% here. I mean, right around 940 your time, 840 our time, I mean, the 30-year bond took another leg up, and the E-minis got hit hard, down 50-plus. Right. And now, you know, we're at 2841 on these E-minis. We're hanging in there. In terms of, you know, we're down just over 5%, remember, from the highs now. I think this is a really busy trading area where people are going to consume some deltas here, for sure. You know what's so cool, folks? We're all talking about here. This is a market that you can learn so much about markets, too, because my take on this is that, see, when you come down that fast, if you come back down again, it's like running a race, you know, whether you're a runner or a swimmer and guess what? It gets exhausted, man. So, you know, it is what it is. And trading-wise, though, it's amazing, and then, as Kevin's talking about, when you're talking about the option market, and that's why it's so important to understand those strategies, it's really dynamite. Because, you know, intraday here, these can get skewed a little, right? I mean, you know, you're down 50 bucks, and then 10 minutes later, you're only down 30 in the E-minis. That's a leverage, man. Right. What's not making me overly concerned about this market? And what I mean, it's not making me overly concerned, I mean, this is your run-of-the-mill 5% to 7% correction in this market. The VIX is below 22 right now. Yeah. That should be higher. If the fear that some people think is in this market was really there, the VIX would be higher. The risk-off assets, now, the bonds are in their own world, making no mistake. I imagine the volatility in the bond market is crazy. But the overall S&P 500 they're all sitting right around 22 in the VIX. That's a good, healthy level, especially for early August, but it's not anything that's going to, it's not 40 or 50. So there's not overall fear in this market. And, you know, remember at the end of the day, Jerome Powell's probably making a new decision on interest rates. And that new decision, it's not up, it's lower. And lower interest rates make stocks more attractive. So eventually, the fundamentals will come back into this market and people will start nibbling on stocks here. When that'll happen, well, we'll see. That's the million-dollar question. Yeah, no, there's no doubt. And you know what's so intriguing, Kevin, I was thinking yesterday, I was talking about it on the air actually, that the growth is forcing, meaning the bond market just in general is almost forcing the rates down because it's like, oh my God. I mean, they just keep buying, buying, buying. It's like, okay, well, we've already moved that level. And I mean, I understand the difference in the Fed fund future. That has to do folks with commercial loans, not the housing market. But, you know, the 10-year has to do with the housing market, which is a monster market. You know what I mean? And you saw the mortgage gap this morning, Tom. 12% increase in refinance. Right. So there's the overall effect of what interest rates are doing. You know, those numbers should get firm and they are. If you thought it was good at 2%, if you thought it was good at 1.7, how about 1.5, man? Yeah. And I think, Tommy, you just hit a good number there. I think 1.5% on the 10-year is something that next kind of a psychological number. Two was a big psychological number. It continued to evolve here and it looks like we're heading towards 1.5 and then some people will make some more decisions. Yeah. It's a tough one, man. Hey, so Disney, you know, it looks like Disney has some problems with their, you know, the Star Wars deal and it's rejected lower price here. Started out at $132, but you're $134.60. You know what? Here's my take on Disney. There was never a quarter where they were able to lump every single issue and put it out there. And I think the fact that they came out with this price of $12.99 for their bundle of all their services, I think that should scare the heck out of Netflix. I agree too. Yeah. The portfolio that Disney has and what they can offer in terms of Hulu, Disney Plus, ESPN, and this looks like they are setting themselves up to be the winner. Oh, that's amazing. You're going to get ESPN too? Yeah. ESPN Plus is part of that. Oh, those cable companies are toast. Oh, my God, because ESPN was... Wow, man, that's amazing. So ESPN Plus, Disney Plus, yeah. So in terms of Disney stock, sure, this was an expensive merger with Fox and it looks like some of the Fox assets didn't make as much money as they thought. And over they get some paralysis in some of their growth and profitability, but Disney is going to absorb all these units and make them better. I think Disney is an extremely attractive stock going forward. Once the dust settles on this, on all the chains that they're making to that company. Yeah. Direct competitor right away. Now, Hulu, I believe, is ad-supported or they have ads in there, so they get maybe the best of both and it's amazing, man. Direct competitor right out of the gate. If not even offering any more money. If I remember the breakdown of cables, they would get... The cables would pay more money for ESPN than the $13 altogether. That was the number one part of your build with ESPN. Folks, right here, 45 minutes from now, outstanding program. Kevin, S&Ps are only down to 28. It's a beautiful thing, brother. Have a great day, guys. See you next time. Peace is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted. The best way to use the TAS Profile scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the TAS Profile services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? 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Toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. Down is down 338 S&Ps are down 24. S&Ps are 10 points I think since we started talking to Kevin Diggs. And the low I think is 2822 so we're now 30 points off of the low. Right. 2823 is the low so we're about 30 points more than a full percent and you know I was just thinking about when we're talking about balances right, the Dow what was the low in the Dow? I think it was about 25,000. Because I was remarking how it was that we jumped all the way to 26,000. Well you might not have got here when you were doing the update. It was earlier. Because it's the low that I'm talking about when the announcement of China being labeled a manipulator came out right afterwards. Dow goes about 25,000 by the you open Tuesday we were at about 26,000 and now we're about 300 points off there. Deviant markets. They're beautiful. Totally. Let's go to our man Jim in Palm Harbor. What's going on brother? Hey, how you guys doing today? We're doing great yourself. Oh I'm doing wonderful. Great to hear from you man. Yeah I'm watching every day you know I don't think I'm going anywhere. We appreciate that. We want to hear that voice though. He's always excited to hear from you Jim. Funny this is what ended up happening. And you know we have you on the promo right? Send me stuff. I haven't heard this voice for a while man. There you go. I was hoping you still were. I figured you were. But anyway you know it's funny folks when you do show like this you have mental calisthenics right? I mean you know even it is what it is. You know what I mean? So what are we going to look at today? I get a lot of comments on my East Tennessee Hillbilly accent. I freaking love it man. I think it's awesome man. Totally. Well I was calling because I finally bought gold and gold miners. I had never bought any gold because I wasn't sure about how it really operates. A couple weeks ago I bought GDX and GLD and I'm up 6% and 5% GDX first GLD second. Except I don't know much about gold and miners versus just the gold itself and everything. I'm just curious what you can tell me about it. That's a great question. The first thing I got to tell you is that it's great when it's going up Jim and it's howling a handbag when they're going down. So this isn't I used to more stable equities I'd say for what you're calling. Because it's like yeah we've been gangbusters right now but I really want you to wrap your head around that in both cases my take is that gold, gold money equities are tradable and you better make sure that when they get extended that you back down off of them and take money off the table. Because I've seen so picture I've had the gold report so long and I've got a lot of money and I've seen people have the whole run and make no money because they think that gold is going to continue to go up and up and up forever. So it's not like buying like a Facebook or an Amazon, it's just not. It's a commodity. If you said you buy Amazon in 10 years you're going to be golden no matter what. But where was gold in 1900? Just really what you're saying. And then you hung out at 12 and the first thing is train yourself that it's a tradable vehicle. So that being said in both cases 20 to 30 in the GDX So what we have here though in the GDX we have an ABC structure on the way up so your B point here is 2841 your A is 2453 almost $4 So that gives you like we're getting close to about 30 and we just hit 30 and now what you have is that you've hit a price projection. Now I suspect that what we're going to have is this is that we'll pull this back a bit 2016 is what these guys are going after right now so the 2016 high is 3179 So we're getting close to that you know so what and you'll hear it here too because I own enough of this right now that as it gets up to this level and if the volume starts dying and now I'm going to go to the gold contract because the gold contract is on an ABC structure on the way up a confirmed one I expect we're going to get it hit it's approximately 1500 to 80 to 1500 and $85 that's your price projection so the way that I look at that is that I'm going to get as close to that as possible and then what you'll see is that you're going to see if this is going to pull back at that point you're going to see the volume die in the vine it's going to go test it it's going to die in the vine and then simultaneously what I'd be watching is I watch those bonds and they're going to watch the dollar you see what I'm saying because if you can put like those vehicles together it's helpful bringing the probability up that I think it's time to take some money off the table and then what you can't do is say oh it just went $50 $50 higher and guess what because I can tell you this we got in gold the first run I got in gold at $282 and we get out at $1750 and guess what yeah it did go a couple hundred dollars more but guess what the money was already made and then it got destroyed do you know what I mean so you're never going to get the full extent because gold is it extends itself on the way up and extends itself on the way down on the GLD that that price projection probably is let's see well let me do it this way first first I want to see now see the GLD what you have to also do is because I believe it's seven tenths of one percent it's four tenths of one percent fees every year so well this is intense man the GLD broke too yeah you know what I mean by this Jim the GLD broke the consolidation that's saying the GLD also wants to go up to $174 and right now you're at $142 I guess the the biggest thing here is that how we get into these higher prices then you got to figure out okay am I going to take a pullback the problem now I've taken both I've taken pullbacks and not taken pullbacks the problem with taking a pullback is you never know how long it's going to pull back we just went from 11 inch to 1500 percentage wise 35% so I can tell you this what you will see is that you're going to see some of these equities go exponential because when you get up to a price of like 1500 these equities these gold equities really stop making money hand over fist you know because of the the aspect of what does it cost them to take gold out of the ground a lot of them are like 12-1250 so 1500 is a different ballgame so my advice is keep a tight leash on it that's what it really comes down to do you know what I mean right okay well um it's been fun to watch it like I said I've never bought any gold before and I really I know it can be a little bit risky but it looks like with all that's going on in the world and all the negativity and you know what might happen in Hong Kong and all these different negatives that a lot of people are buying gold I just saw where China about 10 tons of gold in just the last month or something I would without seeing me too bullish my take is that yeah we're actually going to the highs so I'd hang tough for a while you know what I mean because and it has to do with those notes and bonds if it's costing people money to put money in the bank you know that is a fundamental real good reason thanks so much Jim take care man thank you hi folks 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 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your ultimate trading mastery system an outstanding piece of software that will complement any trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, 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 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 welcome back folks Dow, Dow right now is down that's alright, Dow is down 374 oil, oil that's right so a little bit of a surprise here we have a build of 2.3 million barrels estimate was for a decline of 2.7 we'll jump back to those numbers in a moment but let's jump over where are we at boom, market going down man, now you know we're looking for a draw, we have a surplus API was a draw last night big supply, 2.5 so we got a surplus and EIA and boom, we might see a 50 handle on oil which is remarkable man, you back this up, I said Tuesday morning 55 were above we're about to be below 51 that's a $4 move in just over 24 hours and the volatility in this market and in particular that oil market you can get a 2 or 3 dollar move today with a big surprise like that coming off that with everything else happening and just to wrap up some of those numbers a build of 4.4, estimate was a decline of 1.2 that's expensive gasoline, unleaded number 2 bring it on, distillate 1.5, estimate was 450 and it looks like pad 3 was a big part of that right, 5.5 million barrel because Cushing actually had a decline and they got refinery crude inputs, refineries going up even with gasoline being out there maybe that's part of the contribution in terms of refinery crude inputs refinery production it happens, action all over the place let's go to our man Carlos Carlos, what's going on brother hey, how are you Tony morning Carlos I'm doing very well, thank you thank you very much for asking that's good news yes, and everything it's working very good with this decision I have in nuggets and health and money and so it's nice yeah, so if we talk he wants to take a look at nuggets so nugget folks is the direction daily gold miners bull, three times levered ETF this is trading $40.34 so I know you've done these, you've traded these a lot this is quite a run yes and that's one of my concerns Tom, I was looking at the weekend chart yeah, and I see some stronger systems around let's say chart I have a self-decision on 45, near 45 45, okay but I'm really finding my expectations are a little higher so I'm your opinion and see what I can do if I can catch the slower so I can catch them in my name yeah, so like today, okay so today at 41.90 you got an ABC up so the real question is that ABC up on this one is 36.68 24 so let's just call it 12 okay, well call it 11 stay conservative that gets us to 39 yeah see right now Carlos is that your ABC structure is approximately 40 okay, we hit 41.90 on this particular vehicle right here so we go ahead oh no, I was just going to point out that it was just at 28 we just went to 42, that's exactly a 50% run in 5 days, 5 days 50% so what I would do just as even I would take a look at this by the end of today and maybe not stay in this for the same reason you say the market could have a pull because also and Carlos knows this but I want to explain this to everyone else folks what happens with the Leopard ETF is that you have to be totally aware that when you're at 40.22 which we are and let's say that just tomorrow you get a pull back in gold right well this here can open down 7 points in a heartbeat sure and because you got to remember something it's 300 off a higher number so that is what's crucial when these things go up to really get your head wrapped around that see it's really cool when these things are down at 12 or 13 and 15 they take a longer time to move when they're up at 40 you got to remember it's a percentage of the number and that's a triple percentage you really start to know you move up 5% right but then when you move back down 5% you're going to be back below where you started from exactly when you multiply the 5 times 3 as you know it's a 15% move off a bigger number you actually end up below where you're at so that's where you can really when it has that huge pull back off higher prices so you just got to be aware of that and it can benefit you on the same way though because if it keeps going it's now a 5% on the same way it can open up 10 tomorrow what I would do Carlos is this that trades off the GDX when Jim was talking about the GDX which closed out and if the GDX closed out right where we were right now only up 81 cents I'd sell a nugget the reason being is that that is saying okay the GDX tomorrow could get down to 28 in a heartbeat but if the GDX now starts climbing up and you're at the highs of the session well then I wouldn't sell it because of the fact that it's a good run but also is that a very good run and I remember when I told you it was making lows and you had a little pain about buying at the time so I went heavy on it and this time I think it's time for me to take some money out yes I want to make a point about me I think over the time you've been with TFM you've been so much better and improving every single day I'm very proud of you and I'm very proud of you too Carlos I appreciate it I want to thank you for everything you've done and keep the good work going we appreciate it and it's the truth but I get that feedback that you're doing an amazing job I do, no big time it's freaking awesome I love it I'm very proud of a very young person like you doing such a great work you're awesome man and I want to take more of your time you've never taken our time we love it, you kid me man I didn't even close have a great one Carlos thank you so much for everything guys and we'll talk to you later awesome take care thanks Carlos oh so oil, let's go back to oil for a second where are we at? all right 51, stabilized off that first move these are 5 minute bars we're looking at but quite a drop, man 52-30 and we're down to, is that a dollar? that's a dollar, man this chart is so big that that chart didn't look dramatic and that is 52-30 down to 51-15 there you go, my goodness okay with three for three, let's go to our man Frank, what's going on brother? hey, how are you down there? good man, yourself? good, very good it's been a beautiful summer up here in New England oh, I bet, awesome all those rocks over looking that water right there I'm going to get a little Cape Cod action oh man, yeah, yeah the water is warm up here is it? yeah, it's been creeping up on 70 degrees in Gloucester which is amazing that's from Rosta folks that's really warm at Atlantic they got all those nice lops to traps off there oh my god so, the fish has been great so, let's take a look at Royal Gold because, you know, I'm trying to figure out an ABC pattern for this on the way up and it's a little looks a little long yeah, it's all up so, what we're going to do Frank we'll come right back with you, right but we got Teddy Keg stack but just stay right there, alright we're just going to take Teddy and we'll come right back to you stay right there folks, we'll come right back according to bankrate.com the best rate for a four year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four year period that same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer? $6,200 or $14,000 of interest on your investment if you'd like more information about the Tiger First mortgage program you can call me at 877-518-9190 that's 877-518-9190 if you haven't checked out the newsletters page of TFNN.com what are you waiting for? all of the TFNN newsletters are informative up to date, affordable and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors biotech is booming but for how long? whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders or investors distributor 4-side fund services LLC don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV for the latest market information welcome back folks Dow, Dow is down 302 Nasdaq's of 20 S&Ps are up 15 and a half let's go over to our mam on Wednesday at 40 past the hour and don't forget folks you can catch up with Teddy every trading day at 4x-trading-unlocked.com that's 4x-trading-unlocked.com Teddy cakes that let's go on I mean everything's going on in your business man and our business and the currency business where are all these black swans where are we flying to man well we have the central bank reactions remember we had two weeks we had a central bank meetings that crescendoed last week with our US Fed cutting the rate of quarter point I think that your viewers should definitely anyone that's definitely trading the currency should take in account that when they did cut the quarter point the expectations were upwards of a half point for the end of the year and they made a remark after they cut the rates that they are done you know so that's a variable I think that all your currency traders can take into account and we'll get into that in a couple of minutes why that's important so what we had today the Royal Bank of New Zealand cut the rate the Royal Bank of Australia did not cut the rate and that was a surprise to me because after the Fed started we had two weeks of meetings nobody did anything they were hanging on the Fed the Fed cut the rate and then we started to see a little bit of QE stuff come out of Europe and now we've had the two central banks that have one made a cut and one has not I'm surprised that the Australian bank did not but I think that's because of what the Chinese did with the Wan over the past couple of days which you know how they fix everything with their currency but that has a big impact on the Australian and the New Zealand dollar okay okay it's been quite a you know I mean currencies I mean you've been in this market for a long time I've found more than anything is that when you get the currency moves man it can dislocate a lot of markets man and that's something that we don't have in certain markets like right now the pound in the wake of all this stuff that's happened pound has been going basically sideways since the Fed meeting last week where other currencies have started to move around and they either continue to break or they bounce the pound ironically hasn't moved now the one thing I think that you guys need to look at is the yen ok and this is what's key our Federal Reserve said they're not cutting rates again for a while it's off the table don't even think about it you know so we know that's gone for the next few meetings the Bank of Japan over two weeks ago before all this started said we're not doing anything we don't care what central bank does whatever we're not doing a thing we're not budging we're not reacting we're not doing a thing so as a interest rate variable for all the currency crosses out there what do we have we have transparency in the US dollar yet they're not touching the interest rates so that will not affect that trade for the next couple months so I think that's kind of going to help the end stay strong in the dollar week against that you know in that currency relationship no matter what the dollar does yeah it looks like that yen wants to go to 99 man I mean you break that 104 and there's not much there to 99 right I think any rally is a rally to sell in the end I'd be very comfortable buying that market I would look for opportunities to sell it yeah now talk to us about I know you you you gonna have a you have a digital book on Amazon is that right yes I have the book high probable Japanese candlestick patterns which I wrote a little over three years ago and for the next five days anyone that goes on Amazon or you can go on my website and at the bottom of the home page there's a picture of the book you can click on that and you can download the Kindle version for free for the next five days so let's look at this high probable Japanese candle patents okay for the 21st century trader I like it man yeah and it's good to forex markets futures markets options traders you know I show how you can be for instance an equity trader trade ETFs and how you can look at a currency move or a bond move and you know especially like people who trade the oil ETFs if you get a candlestick pattern you can trade that move versus not taking the leverage risk in the futures markets pretty cool so right there read for free you saw it folks I just clicked on the link you can visit forex-trading-unlock.com you just scroll down that's pretty cool I don't see well they can wait a week and they can pay full price for the paperback if you're really a paperback fan $44.46 and they'll get it to you Amazon or free on the online version that's a cool way of doing it man yeah totally Amazon they got all corners in the market they do man they've been very good to me when it comes to this book so far I'm very happy with that I like the cover too man this is a way to get back to the viewers like I'm very happy that I've gotten a lot of followers from you guys and you know anyone that follows me through LinkedIn or stock twits or sees your videos or any of the webinars I do they're the only ones that know about this promotion otherwise people gotta pay for it okay so let's go back to that's right to this website folks right down the very bottom hit the link you're gonna be right there and then if we get back to the markets so do you think that the the dollar from this point is gonna weaken out or do you think the bulls and bears are still fighting over it here you know what I think that it's gonna be very tough to weaken the dollar right now especially because like for instance we spoke about the yen the yen has been strong no matter what while the dollar has been strong against other currencies okay that the pound because of what's going on with Brexit and the new leadership I think that they're starting to diverge from the index meaning they're flat versus the dollar yeah I think that the dollar does have a chance to get a little bit of weakness but not much I think that the bull is there it just really it's hard to even no matter whether our president or a Fed wants to have a lower dollar it's not happening unless we have some major major strength in other currencies but with their Fed action with their central bank actions to come I see that they're it's just gonna balance out so the bulls are gonna be there so what Teddy's saying there folks yeah it can be a run to the bottom but even a run to the bottom that the dollar's gonna be a strongest of all the fiat currencies as we go to lower price right yeah except for the yen I think that the yen has a good shot you know and then if God forbid they come up with a Brexit something or other and even some positive numbers in the UK maybe get a bounce in the pound but if you look at the euro they came out this is something also any euro US dollar trader their production numbers were horrible a couple weeks ago they came out with another production orders on number this morning and it was just devastating absolutely devastating yeah so there's any coming anytime soon right and that's interesting though I mean because it's like you get deviance meaning the production numbers are down but yet the euro didn't get smoked you know I mean I know that's not strong but you know that's something that is kind of intriguing itself and then of course you know I mean gold you know basically people are believing they're believing man it's a bull it's a bull there's no doubt about that absolutely that's another reason I think the dollar is going to remain strong is as long as gold is strong it's hard to break the dollar you know yeah that's interesting man because if the dollar does break go really go to the moon you know I mean it's intriguing that the gold can be so strong with the dollar strong you know I mean oil is getting toasted man we got plenty of oil that's for sure it's going to be inexpensive of a gasoline coming this weekend two dollar gas bring it on listen folks the way you see Teddy trading day you go to forex-trading-unlock.com it's forex-trading-unlock don't forget go right down to the very end check out this book Teddy you have a great week safe week always a pleasure man look forward to the next week stay right there folks coming back with Frank from Gloucester we're going to be talking Royal Gold 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 trade and 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, 6 and 3 months Timer Digest also ranks 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 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 too 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 that 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 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing 2 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 welcome back folks we get our man Frank from Gloucester we are talking Royal Gold and you know we had another call folks so we're three for three on Gold we're actually four for four we couldn't take the last one I got a man Tom from Plymouth now the good news is that he wanted dust so we get three which is a triple bam we needed that thank you Tom we needed that call man so Frankie you know there's a couple of different ways to do this this is a tough one meaning on the ABC structure in the way up so the way I looked at this first is that it had like a 158 to 175 handle and the reason is this is that when it broke out of its consolidation this was the first one to break out of the consolidation right normally what you do you take the top of that consolidation which is $100.84 right and you take the bottom which is 25 and you know you add on 75 bucks there's 175 right so then if we get closer I mean that sounded insane at the time but guess what you know it's already gone up 25 bucks so then when you get closer what ends up happening is that I'm gonna put this on three years and then I'm gonna put it on a daily I'm gonna put it on a year daily when you get closer oops what ends up happening I gotta do this quick sorry about this there we go when we get closer you know what ends up happening is that okay was the ABC like right here on the daily which is where's the date there that is the 15th of July 15th of July and then we took it out on the 17th on the 17th and if that's the case then you got your B.111 your A there is 90 once you get 20 bucks which gets you to 128 you know what I mean okay it's the strongest gold stock there is though there's no doubt about that so but as to a clean ABC it's really not there you know what I mean yeah I know I could see that that's why I called it it's just a rocket ship man great pleasure great here thanks Frank thank you sir stand right there folks fast market coming up next thanks man go get them folks