 The following is a presentation of TFNN The TFNN Bull Bear trading hour every trading 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 trading hour Now Tommy and Tommy O'Brien Welcome folks appreciate your garage and I'm proud of us out here We have the now industry's up three Nasdaq it's up six S&P's a flat gold gold contracts up a buck trading at 1411 an ounce Silver Silver's catching the bid once again folks up 17 cents 15 dollars 85 cents They're buying silver handle a fist notes and bonds you get the 10 year up seven ticks 125 30 year up 18 and 150 406 and King dollar King dollar down 71 ticks trading 96 970 the euro is at 112 The end is at 108.27 and the pound is trading out at 124 to 1 us dollar Tom O'Brien. What's going on? Okay, we'll get him I can see him So let's go over to the silver market first folks So we have with silver out here bottom line is that the silver market has caught a bid In a big way we had out here yesterday. You had wide price spread. You had accelerated volume Bottom line takes out a B point of an ABC structure on the way up the B point that we're talking about is 15 dollars and 62 cents and We blew that away with 129,000 contracts you did yet Tom Okay, I'll if you can work on that man, that'd be great. So silver silver rate silver right now is at 1585 Bottom line, I expect this is gonna run up to there to the 16 47 mark if you take a look at a few of the Silver equities what you have you get pan American silver that blew away its B point yesterday has the one behind the move First majestic also blew away the B point has volume has price has it all That B point on first majestic was at 813 or at 888 right now And there's no doubt. This has been quite a move CSX CSX came out with numbers last night This thing is getting destroyed this morning down $7 town 10% Blowing away the consolidation that had been in Taken out the swing point and it's already taken it out with monster volume. So that what this is laying out folks Okay, which is pretty intense so CSX close yesterday $78 $79.55 comes out With numbers and inside those numbers one of their large problems, of course is that you get the trade tariffs People are basically pushing less goods across the country because guess what there's more tax less goods Bottom line blows away the B point this thing can now get down into the like the 65 all level So we're talking some heavy downtown business Inside of this and that had been over. Let's see it had broken out April April of 2019 gotten another larger range now. It's game is all the way back to December of Last year so it's gonna be pretty wild. Tom O'Brien. What's happening man? I got you this time. That's a beautiful thing Good man. Good. So This silver deal is quite a deal man And you know when I say quite a deal folks What I mean by that is this is that I was hunting even last night like okay? What is the catalyst and I can't find one now silver? No doubt has been lagging gold in an incredible way Okay, but man is catching up quick, you know, so we'll see where this goes I mean they they bought a handle of a fish starting at like nine o'clock yesterday morning and they just continue We've already done 56,000 contracts So we'll see where this shakes out But someone wants in that silver market in a big way so about time that's it is about time There's no there's no listen. There's no doubt about that if you here watch this folks I'll put up the if you put up the continuous contract in gold versus silver. Let me pull this back. You'll see that how much The gold contract has outperformed silver in a huge way. Let's compare that so I get gold up and then we'll compare that with the And if you put them comparatively as you pull it up I'll just I mean some of them I remember when we put it on a longer term like over the last three years if they just kept On par with each other. Yeah, you know, I think silver would be at like 19 Dollars right, you know something to that type of action. Yeah Yeah, there you go. I got it up right now folks and you're gonna you're gonna see I When you're looking at this what would you have is this silver is the yellow line gold is the white And you know if they were staying on par bottom line is that that the yellow line it should be up there With that white line and it's like not even close. Yes, which would make it above 18 bucks. Yes That's only going back to 2014. Yeah, right. And really that's actually only going back to like 2018 actually if you look at it, right? I mean in terms of just that divergence kind of started happening in September almost it looks like of 2018 when you really had silver decline and gold kind of held held pretty pretty decently, right now Look at this one. I just turned around folks. I put that up. I put that on monthly. That's that's like Are you going on weird with that chart though? I don't think you have the continuous silver Maybe or something. Do you see how the yellow chart the yellow bar is not I do. Yeah, it is continuous But it's it's not like it should yeah, that's the bottom line Right You can see that this yellow line is way underneath it. So we'll see how the rest of this baby shakes out you know the It certainly has a bid now In a big way and the dollar folks still hasn't fallen upon falling apart. It's not even close Okay, what the dollar did is it got over the highs of yesterday, you know, it's underneath them right now It's gonna have light of all him, you know, we'll see how that shakes out Bitcoin they continue to take Bitcoin apart yesterday. This is quite this is quite a movement This morning we get down to 9000 and it's 600 dollars off 9000 right now. So that's quite a move too, you know, no doubt. Yes, man. It is so the Let me see. I want to go into the transport. So what we had yesterday folks is that the transports every Equity inside the transports yesterday was positive every equity inside the transports today is negative I mean you talk about I mean look at this. Isn't this crazy? Look at this. Yeah, so yesterday folks the transports got up to 1008 76 we're 10,487. I mean you talk about a smoking This is like a smoking in an incredible way. Let me put this. Let me see so I got the chance It's CSX down 10% Oh, yeah, no, they come out with their numbers Okay, and the when they come out with the numbers they bottom line is that they have their bulk You know freight has gone down and they expected to come down more and you know, they're bottom line saying hey, listen man You know taffs are taking an effect and as did what happens folks is that so picture you taffs takes effect You know and let's say we're we're running about 25 to 26 and a half percent Taxes on stuff that's coming in from China So what ends up happening whether they it comes in on L at LA whether it comes in in Alabama Whether it comes in New York, you know, it comes into the ports the what ends up happening the trains pick it up They start transporting it guess what if you've transported less goods guess what it comes down to the bottom line very quickly and You know so you can see these railroads NSC, yeah, Norfolk Southern is down. That's putting 59 negative points in you got You need Pacific putting 56 in big numbers, man Let me just see this one northern NSC Okay, so they see there that so this is our five percent They're coming out with their numbers on the 24th. Now. This hasn't broken the consolidation yet But guess what this is gonna be really dangerous for these to railroads, you know because and just you don't remember something They're all-time highs anyway, so yeah, yeah, so right there folks Tommy and I are coming right back our phone numbers eight seven seven nine two seven six six Four eight. We have that out on 21. That's like our four s&p's down four come right back If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll Taz Understands that in today's technological world the use of top-flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the Taz 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 Taz profile scanner under the services tab sign up today 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. Petersburg, Florida The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits Which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis According to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% $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 would like more information about the Tiger first mortgage program You can call me at 877-518-9190. That's 877-518-9190 Many of our new listeners have heard about the Tiger's Den the Tiger's Den is a lively community where professional traders and investors can meet Exchange ideas and information in a comfortable moderated atmosphere hear all of the TF&N shows Plus see all of the charts as they happen live and have access to archives of all of those charts You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the Tiger's Den by the front page of TFNN.com TFNN has launched our brand new website 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 Call now toll-free at 1-877-927-6648 Internationally at 727-873-7618 Now industrials right now are down 26 to get the NASDAQ off for S&Ps are off Five and a half and folks as you come over to our website at TFNN. We're talking gold. We're talking silver Well, we get a little celebration going on over here And it's really hard to comprehend that so this coming week folks is the 900th edition of the gold report We say time goes quick man. It really goes quick. What have you been doing for the last 900 weeks, man? You've been writing the gold report. That's what you've been doing I had to look it up real quick. It's 17.3 years something to that degree Pretty remarkable and you know that it's 2002. So I know it's you know, you know, it's 17 years But congratulations, man. It's quite a quite a feat. It's crazy That's just in that work as you do every week, man. It is awesome fast 17 years man. I'm telling you man Pretty crazy. So what we're doing folks. We're gonna do a promotion From now until the end of the month, right? I believe right Yes, yep, you got it. So the way it's gonna work is this is that normally the gold report is $695 for a year folks. Okay, if you want to get the gold report for a year, you can get it for 495 The way it's gonna work is this is that you go to TFN and you're gonna go to featured content You're gonna see the gold report issue 900 special You just hit that and what you're gonna see is that we do this through the tiger dollar program So that it's very easy accountability wise, okay So you'll pay you pay 495 dollars. You're gonna get the golden poor for you, which is $695 so and let me just walk through so it's a two-step process, right? So number one You're gonna buy some tiger dollars. Yeah, I'm gonna spend spend 495 You're gonna end up with 695 tiger dollars Okay, okay, and then you can then take those apply them to your account and use them for a year the gold report Now what I want to put out here though is it and that's what we encourage people to do We designed it so that price tag is exactly the price of the gold report And we got a few things going on because the price of the gold report is gonna be going up on August 1st as well Right, so there's even more incentive to get in there and sign up if you're thinking about it I mean 495 for a full year of the gold report. It's a deal and a half, man But I just want to throw out that tiger dollars can still be used for any product or service that we offer So if you're out there and you sign out, you know, you're a Fibonacci 24-7 subscriber if you're a mastering probability subscriber You can take part in this promotion still because we wanted to allow everybody to kind of I see okay And you could still use those tiger dollars for mastering probability. You could still use them for Fibonacci I got it. Okay, right Right, but but it's perfectly tailored to the dollar amount and that bonus works out I mean you're getting a $200 bonus when you're only spending 495 It's more than a 40% bonus Which is actually more than our biggest bonuses ever are even when we do tiger dollar sales Normally, it's a 10 15 or 20% bonus even when we do our tiger dollar sales We bump it up to maybe 20 30 or 40 percent bonus, but to get the 40% you usually got to spend maybe $1,500 right so you're getting more than a 40% bonus You're only spending 495 and it's the exact price for a year of the gold report if you're thinking about trying it out Now's a great time get in there and this will run through the end of the Month and issue 900 coming down the line in five days on Monday crazy It is crazy. So if anybody has any questions about in terms of just how you apply them to the account It's a really simple process, but don't hesitate to call the office Allison can always walk you through super simple once you get them applied They'll always be used and then the other thing is that you lock in this rate forever So we're raising the prices come August 1st You want to get grandfathered in at that 695 rate get in there right now? And and really you're getting in at at 495 because of that tiger dollar deal So heck of a deal man as it should be for issue 900 of the gold report and we got gold rockin and rollin Which always helps me it's it's you know, it's interesting silver as we say right the whole deal Yeah, and you know as that just as it was talking folks to me Some underlying here, you know this thing these things are really moving man. This is not a And this is how they like to move go gold and silver commodities in general when they move man, they move And that's what we have happening here, you know And I expect that's going to continue man with with the the rhetoric and the expectations leading up to The july fed meeting let alone the rest of the fed meetings for this year and next year You can see some action in that gold contract. I imagine no there's no doubt and and you know When you take a look at it the if we bring up the fed fund future rate, okay? You can see that we're back to a hundred percent for july 31st We're at 57 percent 57.5 for the september 18th meeting, you know That's very that's been varying by two or three percent every day 57 to 58 to 56 to 59 um It was surprising is that the it's still you're at a 36 chance that you get a third rate height Cut in octobo, you know so, um You know, it's it's it's hard to still comprehend. There's some high probabilities in there. I hear you high probabilities There are some high You have multiple cuts coming down the line I even saw a man that uh, it was like 18 percent for four straight rate cuts um Which now 20 18 not very likely but man the fact that that's not a zero percent chance that you tell me the next four meetings. They're going to cut on all four of them Yes, no, I It's a monster. It's a monster. Yeah, we're just a record highs four straight cuts man So let's go away. So let's let's go over to us csx. The reason being okay, so Let's see what they're saying. Um Yeah, because a 10 percent haircut man. It's it's a big deal So csx plunged, uh, you know after pairing 2019 sales Uh, and they're they're saying they have bad weather snout real road shipments and us china trade tensions crimp demand from the company's industrial products Full year revenue is going to decline by one to two percent csx said in the statement tuesday Um, the company had previously predicted percentage growth in the low single digits So what do you really have here folks? It's not that it's one to two percent down It's going from up to one to two percent down, which you know, you know, that that's a whole different animal So we might be dealing with you never yeah, you never want to go from growth to uh decreasing revenues, man Yeah, no doubt now. This is going to be the first drop uh in sales since 2016 Um, both global and u.s. Economic conditions have been unusual this year to say the least they have, uh, which have impacted our volumes Uh, the president economic backdrop is one of the most puzzling I've experienced in my career. Well, we all know that I was yeah Guess what folks 26 percent taxes, you know when you talk taxes, right? Think about this for a second, right? The whole the whole mantra at the beginning administration is that i'm going to bring taxes down bring taxes down They've brought taxes up so dramatically across all goods. Okay. It's like really 26 percent So just picture for every 100,000. Where's that? Sorry, where's that 26? I just didn't for where is it? What what has happened is this goods coming in from china right now from from 25. You're talking about tariffs That's right. Okay. So yes, so what happens is this is that if you're spending a hundred thousand dollars in china folks Okay, you're paying 125 to 126,500 for the goods coming in. I mean that is intense You know, so this is take a lot of goods in from china of everything I mean forget it just go in any box store. That's all I have to do Um, you know, so let's see second quarter car loads declined At all look at this at all us major railroads mid weather disruptions worsening commercials standoff between the us and china Ship has moved more freight last year Uh as oh and then what you have is this what they're saying folks is that the ship has moved more freight because they knew the chinese Taps were coming in pushed it all to the last year to beat this out. Yes, exactly stare at you We got oil numbers coming up after this break. That's a beautiful thing stare at ya. Tommy and I come right back Hi folks, tom o' brian here if you 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 up 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 risk free for 30 days Then head over to the front page of tfnn and you'll find market insights on the 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 from 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 Go get 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 is 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 garleys 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 dollars 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 Folks I doubt right now is down 33 you get the NASDAQ off nine s and p's off seven see let's see what we got with this uh Oil market here Where's this hot oil market going? There we go. So oil inventories fell 3.12 million barrels. We had uh, that was the uh EIA this morning. We had uh Last night it was at 1.4 the fall. Okay, so it comes in pretty close to estimates, right? Decline of 3.1 estimate was about a decline of three So pretty close to what they were looking for last week. You were out man. We had quite a miss It was a decline of I think nine plus million barrels really Yeah, which which saw a bit of a run-up on the price, but uh, maybe that's two weeks ago pretty sure last week um, but nonetheless pretty close and um, and Maybe we can jump over and see how that market. Oh, we got a little bit of a spike lower on that initial news, man That oil contract we were just up at 58 40 and change and now we're in the 57s right back to where we were early overnight Yep, and yeah, that's what folks is Either that's saying quite a bit that we got a we have a draw and oil still can't hold price Big number. Let's go to our man paul and henderson nevada. Hey paul. What's going on, brother? Good morning gentlemen. How you guys doing doing great man yourself morning paul Oh, man. I'm having a great day shorted that uh, csx and also A cintas out the gate. I guess they had burnings as well last night. What was it in the way so far What was it cintas? Oh cintas cta. No, so that's that's cintas. That's uh din cint What is that symbol? Oh cta s. Okay. Yeah. Now. Oh, this is gonna get interesting because this is Um, this is all about supplies. Oh, look at this man. So this is so check this out folks. Okay This is up 19 dollars now. This is what it's so wild here So when this stock goes higher folks, it means the economy is moving like beyond belief I mean every restaurant you go in every, you know, all these rugs all this is what this company does So, I mean this thing is booming. Oh my god. Look at this. Oh, this is something else, man um And my point is is that we're still gonna get down on rates And uh, yeah, there's that's one of the tigers saying that says, uh, I'm am Mr. Basil Chapman He's been looking at this thing forever because it's a great indication, man It is absolutely a great indication where the economy's going, man. You know, and this is a breakout. This is a major breakout, man Why It's setting up a nice little pattern again right now perhaps. Um But what I wanted to ask you about tom was the difference between The xls and the bkx because I was listening. Um, it was very this morning And you were talking about the bkx and when I do my analysis I've been looking at the xls and I get a little bit different of a picture and I'm just curious Um, how that shakes out. Okay, the the bkx. I'm pulling it up, but I don't bkx bkx Oh, okay, hold it. It's an index. Okay. Yeah. No, I got it. Okay. So so here this is what the I believe this is the, uh Yeah, this is the Let me just characteristics I gotta see what's inside it because I I don't believe that this is, uh, the big banks No, it's not. So this is okay. This is they have big banks in there, but this is also the regional banks too. Um, like so pitch this You do not have the largest weighting structure Inside. Yeah, let me put both of them up at the same time so you can see this so Ex uh, the because the could so the question paul is the the banking The bkx index versus the xlf, right? Right, right. Okay. So the xlf Your largest weighting structure inside the xlf is berkshire hathaway berkshire hathaway is not even in in this index So you got, um, let's see you get bank of melin. You get ubs Um, you got walsh fago, then you got sun trust Where when we go take a look at the xlf You're lot these are the largest banks in the world. You get berkshire hathaway's number one at 12 jp morgan's at 11 Bank of america seven walsh fago five. These are all weighting structures city group five. Okay, so it is dramatically different you know as to Um What the weighting structure is? Inside of those, you know that right there is uh, let's see That right there is 20 that's that's 30 of the xlf Just those three Yeah, it is it is and that's it's you know that listen folks That's what's so cool about just daily getting the head wrapped around uh, what the weighting structures are inside Of the different etfs that you are actually trading because it's it's really important, man. That's really important Um, you guys have time for one more. Yeah. Yeah Can we take a look at the um the uslv? Let's take a look at it. You got the Okay, so this is over. Yeah, this is the this is a rocket ship. Okay, so this is the velocity three times long etn uh for silver Um You know the this is bottom line or an abc structure on the way up You know you you blew away the b-point yesterday did it with volume Um, you know what you have to do with this paul. Let me just make sure I won't I want to see if this is the price of silver or the equities Okay, so this is the long etn This is the price of silver. This is a cash price of silver. Okay So if we go over to the silver what you you have to trade this right off, you know the silver contract And the silver contracts on an abc structure on the way up You know So you just go back and forth. So what I do is I just go back and forth with the slv and I look at this Um, yes, you can do that. Yes. That's that's a that's a great way of doing it exactly And you know what what you don't want to do on That triple silver right now. I would not go overnight on that You know because what happens folks is this you can see and you know if you were overnight long Yeah, you just made a fortune three days ago. This was only at $14. I mean three days ago. Oh, no hold one second Uh, give me that symbol again paul you us Yeah, so watch this because I just said so three days ago This is like yeah three days ago. You were at $62 and I heard 71 now. It's great when you get it that way But as to a day trading vehicle well when you get silver running, it's a great vehicle to trade man, you know, but guess what when when You do get the aspect of Finishing the abc structure up, you know, this baby can back down just as much as it as it goes out, but It's there's no doubt the metals have caught a build here, you know Down looking forward to see how this all takes out. Hey, thanks so much for your time and answering my questions I really appreciate it. You have a great one, man. You have a safe one and tommy. Thanks so much. I know you're gonna Thanks, man. I'm gonna jump off a bit, but you have a great rest of the show man. Thanks so much And it's coming right up next folks. We'll get our man. Mr. Teddy keg stack We are going to be talking the currencies coming 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. Petersburg, florida The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years And pay no tax on the profits which makes these lots valuable The investment is anywhere from 30 000 to 75 000 the interest paid is 7% yearly paid on a monthly basis 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 percent would give you income of 1550 per year Or 6200 over the four-year period that same 50 000 investment in the tiger first mortgage program Would you give you 3500 per year or 14 000 over the four years? What should you prefer 6200 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 it 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 that 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 biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.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 eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv for the latest market information Folks appreciate your growling and proud of what it's out here. We have that our industrial is down 45 Nasdaq off 11 sps off eight and a half Let's go over to our man. Mr. Teddy keg stat as we do each and every wednesday at 40 past the hour You can reach teddy every trading day folks at forex dash trading dash unlock.com. That's forex dash trading dash unlock.com Teddy keg stack. What's going on brother? Guys ready to talk about the currencies. 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 button 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 uh, we have a bit of divergence that's starting to uh, settle into the market here Over the past few months. We've seen basically the major currency crosses trade against the dollar in 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 u.s. 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 have been super super tight. Yes Now we have heard a lot of rumblings about trying to weaken the dollar to help bolster the uh, us academy and what have you we know that uh, the fed chairman spoke last week and Was just more of the same when he spoke to the house in the senate now tomorrow and friday. We have uh, 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 Uh, what will be interesting is if there's any talk about what's going on with the uk um 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 new lows. It hit two-year lows yesterday and today And I think that you have to really wonder what's going to happen here with this currency Like there is a lot of weakness for many reasons because of the uk economy Now you have u saying that uh, it's too hasty of a 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, it's a big and I think that being said is that now we're going to start to see where you know The dollar index has been a great way of trying to gauge your forex currency crosses like the euro the pound of the end And what have you yeah in overall trends However, now I think we're going to 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 going to be the water. It's going to lift the boat. You know what I mean? Yes 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 uh, 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 if dollar weakness starts to come into play which means fed cuts rates in the next meeting Have you you know, these are things that we've been talking about right, but I think that's going to happen with the pound I think there's going to be a complete differential there Where it's just going to maintain its bearish move and then we're going to start to see some really good trading opportunities Between these different cross rates Now like we I've been saying how the euro us dollar is going sideways Tommy, I know you like the and tom. I know you like the yen and stuff, especially with trying to gauge the gold trade Yes, um, 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 I don't think you can 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 going to 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 titty, you know, because the dollar index This is the thing i'm talking about with you guys today is that we usually look at that as a guide I think that's going to 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 I get it. I get it. Do you know what I mean? Because I'm going to have to start wrapping my head around because Let me tell you man, I was 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 how I 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 um 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 forecast that for months Um, 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 that comes out uh this week The EIA number. Yeah, it's a very big deal and you know if I mean if it's bullish, let's say and what if we have oil back up at 70 70 5 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 going to see some major major swings come september and october. Yeah, and well with the oil it seems like You know, we had a drawdown today and they're still selling it down So it looks like oils having a hard 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 thing almost doubled, right? um Gold already did this deal, you know, I expect higher, but it certainly has has a bid still was getting a bid right now And so what i'm looking at today I'm saying if if any of these softs if any of you are 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. Absolutely. It hasn't got hit, you know Um, and you get all the key points about the crv 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 percent over to pass like month and a half But you could dump 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. Um the nitrate stocks, you know, uh potash They're running like big time, man. I mean, you know cf just went from 39 dollars to 48 dollars in, uh Three weeks And wow, that's a big that's a big rally It's a big rally and that what that means folks is that the potash stocks can charge more money to all the farmers Because guess what they're making money to and we know they haven't been making money So is that turn out there and 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.com That's 4x dash trading dash unlock.com teddy. You have a great one safe one. We look forward to the program next week Thanks guys. Have a good one. Appreciate it stay right there folks. 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 trade that 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 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 tf and n dot 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 bryan 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 bryan 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 eight percent for each open trade new subscribers get 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 tf and n dot 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 Basal 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 basal 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 Tf and n dot 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 tf and n dot 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 tf and n dot com Welcome back folks. Uh, now now is underneath 94 nazik is off 29 s&p's off 13 gold gold's catching another bid folks uh, you're getting up 9 40 right now trading 14 20 Uh, and uh, we today was celebrating uh this week. Uh, this is going to be the 900th edition of the gold report It's getting a little pretty wild 17 and a half years folks Uh, so if you'd like to get the gold report, we got a couple different things happening here Is that the gold report 695 dollars for the year You can get it for 495 for the year. Uh, the way you do it you come over to our website at tf and n You hit the gold report You're going to buy tiger dollars in order to get that Uh, bottom line if you have two different things happening If you'd like to get it now is the time to get it folks because we are also going up on price on August 1st Uh, so you want to get a good report? We get the run going here bottom line check it out on the front page of tf and n The the market itself it's going to get interesting here. Let's go take a look at these uh mini s and p's because as we've gone through the um Last hour, uh, these babies, uh, they're hitting this s and p. There's no doubt about it. Uh, you get So let's see. Yeah, that's uh You get a little small abc down. Well, let's see what that is. That's 3021 We got about 17 points. That's just finishing up This can be interesting right kind of right where we are because what you just did is that you finished a small abc structure on the way down Uh intraday, this is uh, we take a look at the spy take the spy out here Yeah, same setup. So we'll see if that's the Um end of that first move out here some of the uh higher volume equities Uh, there we go. You stay right there folks. We got arm and um, Think of swim, uh, kevin hicks coming up next with his team that i'm ammiss the vows of chaplain Steve rhodes. Dave white. I'll be back in this afternoon. Have a great one folks. Have a safe one Look at him folks