 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or Internationally at 727-873-7618 Now Larry Pezzavento Okay looking good Billy Ray feeling good Lewis. I believe we have JC parrots of all-star charts on the line JC How you be? Living the dream baby on the green side of the grass I'm posted a chart here that I think the folks have a great deal of interest in and that is the Bitcoin that you've Put out you want to tell the folks what you're looking at here and what your feeling is about head and shoulders Yeah, I mean listen, you know throughout my career. It's been funny because I've been observing markets for almost two decades now You've been doing it for exponentially greater amount of time. So I'm sure you have also noticed Then markets trend right prices trend. There's a higher much much higher likelihood For the price of an asset to continue moving in the direction that it's already going then for it to just Miraculously turn around and go in the opposite direction, right? So I by looking for head and shoulders tops Essentially you're defeating the entire purpose of what we're doing as technicians Which is recognizing and identifying the direction of primary trends. So oftentimes what might appear to be a distribution pattern Ends up really just being a consolidation within an ongoing uptrend That tends to continue in that so when you see these head and shoulders quote-unquote tops Particularly when they break down below their neckline, which is you know the support the lower end of that particular price pattern And then quickly reverses and gets back above that neckline the the the Explosive resolutions Larry are are some really profitable ones if you're on the right side of that Oh, I mean to that following the trend is your friend There's no question about that and also it's about risk control now Another one here that I think the folks will have a really interesting and this is this tech resources That you've had you showing the trend in this and you want to tell the folks what what in fact? I've never seen it for us You could describe to us what that dollar sign teck is and the fact that it's breaking out above this all these Old highs and stuff and stayed there for quite a while Yeah, definitely and just to be clear on the on the Bitcoin The idea is to be long above that neckline, which happens to be 59,000 approximately so before above that I think the squeeze is on I think it would be irresponsible not to be long Bitcoin okay, and see the copper by the way we saw copper at the beginning of the month You know again potential head and shoulders top everybody was calling it out and we just saw an epic epic squeeze I can imagine probably something similar happening in Bitcoin, but again only above 59,000 is that valid? All right, so let's talk about Tech resources, so this is TECK you like that one, huh Larry? Yeah, yeah, I'd never heard of it before so give me a little schooling on it. I'm interested in it and other folks are too Canadian basic materials is the idea all sorts of base metals You know like zinc and copper and things of that nature steel making coal It's a 15 billion dollar company. So I you know to me that's right in that sweet spot Right is that the sweet spot of of market capitalization in my opinion because it's big enough where it's legit It's not a small cap anymore, but it's only 15 billion So in the whole scheme of things that might as well be zero Because that just leaves you so much upside appreciation to get to 100, right? So these things could double they could double again and they're still not that big So I really like that a lot in this case We're looking at a materials company You're not going to get the exponential growth of something like a software stock, but you're not going to get that volatility either So tech resources TEC cave and Coover based and you know, I'm looking at about 30 bucks So for about 30 I like tech long below 30. I think you leave it alone Well, that's pretty good and that's also giving commodity play to doesn't it? No doubt about it. If you believe me in the commodity supercycle story, which we happen to if you believe You know, you're looking at $6 copper $150 oil, which we happen to there are a lot of different ways to take advantage of that Higher interest rates are also pointing to financials in general doing well So when you think about financials when you think about natural resources if that doesn't screen Canada And I don't know what does right so with some Canadian exposure I think makes sense you're getting the basic material exposure as you mentioned before and the best of all that forget all That stuff the best part is that the risk reward is very much skewed in our favor because if we're not above 30 We do not want to be long and so the risk is well-defined and if we're right. It's a double Yeah Speaking of doubles we've got Amazon on the line here. What's happened to that uptrend? I mean looks like it's under a little bit of pressure here Larry I got to tell you, you know when I we analyze the sell side community You're familiar with the sell side community throughout your career Most certainly and I live on that block. I live on that block JC They're herders are they not Fundamental analysts, don't they Larry? Yeah, pretty much, you know, what do you think particularly when they're really hurting like that? They tend to herd in general, but when they're really really hurting man It can be really really powerful. So as it turns out there are 49 Sellside analysts that cover Amazon 49 and as it turns out every single one of them has a buy recommendation Not a single Analyst on Wall Street has a sell recommendation Oh, by the way, and this has been the case for some time and as it turns out Amazon is making new 18 month lows on a relative basis The hurting is strong with this one Larry. Yeah, they must be after him for something I don't know what but he's no longer the rich man in the world We're wrong. They're like economists, right when they all gather and they're all believe the same thing take the other side Take the other side Well, that's really good. Now, there's one other one here that I know the folks here spend a lot of time with and that's discretionary Inconverses the staples and I wanted to bring that to the folks detention. You've got a really good Explanation here of the strength of this. This is a really incredible strength. You have to pay attention to this one for sure Larry, you know when we when we look at the consumer, you've got discretionaries and staples, right? So discretionary, where do we spend our discretionary income automobiles, you know housing? Retailers, right? Those are consumer discretionary when you think of consumer staples These are things that we're gonna buy regardless of how good or bad the economy is things You know, we're still gonna smoke cigarettes and drink beers and Cola and we're still gonna brush our teeth and wash our dishes. Those are all the consumer staples, right? And they can be tracked using the ticker symbol XL P XL Y would be the consumer discretionaries XL P would be the consumer staples as I mentioned names like procter and gamble coca-cola Pepsi Philip Morris Mondaliz, right? I stay lotter coge Po Malik Those are the consumer staples as opposed to the consumer discretionaries. Like I said, obviously Amazon Tesla Home Depot McDonald's Nike Lowe's Starbucks, you know the names TJ Maxx, right target Those are the consumer discretionaries where we're spending that discretionary income. Okay. Great. That was it turns out there's a large majority of Assets are allocated from the long-only community think mutual funds and they can't short stocks They can't raise cash, right? They have mandates where they need to be fully invested and long US stocks Or whatever kind of stocks No matter what and the way that they outperform is the way that they get their bonuses is by outperforming their benchmark That's in P 500 Russell 3000 whatever the case may be. They think the market's going higher They're gonna overweight those consumer discretionary stocks that do well when stocks in general are doing well They outperform and you don't need the toothpaste and stuff like that, right? Yeah, JC We have to pay a few bills. Can you stay with us for about another five minutes and then we'll let you go It's very go get it right back JC parents don't start jobs You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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We're talking with JC parrots of all-star charts, and we have a question JC. It's personal. Do you mind? What does the JC stand for? JC stands for Juan Carlos Juan Carlos. Oh, that's very good. Yeah, that sounds like it has a little bit of a Spanish flavor. You're Cuban, aren't you? That's exactly right. My family came from Spain to Cuba in the 1800s When shit hit the fan in the early 60s, they came out to the United States moved to Miami, and I was born in the 80s Yeah, I love the Cuban community. We go to a longboat key in Florida. They have a really great Cuban Cuban community there and I have four students that have been from Cuba that it do very well now I'll get back to business here. We're talking about the worst six months of the year What are you trying to tell the folks with this one my friend? Well, I think you know to finish the point about consumer discretionaries and staples, you know when markets are doing well Discretionaries are all performing staples and when stocks are under pressure. You see the exact opposite The market doesn't give us many cheat codes, but I believe that that is certainly one of them that has helped us for many many years At least half my career when I finally realized that to be the case So everybody out there listening to great ratio that if it's diverging with the major indexes stocks are probably in trouble All right, and they're not by the way discussion is are making new new all-time highs relative to staples confirming that yes In fact stocks are in an uptrend and what's really interesting is that we're just coming up now as we recording this October the 28th So we're almost done with October Halloween My friend is the last day of the worst six months of the year When stocks tend to struggle the most and as it turns out November through January are historically the best Three-month period of the year the journalist love reminding everybody to sell in Maine go away But you have to remember to buy in November Right or is my like my friend Jeff Hirsch likes to say buy in October and get yourself sober That's a good one All right now listen my friend We want to have you back on again in a few weeks and I tell you I can tell you with a lot of Enthusiasm here. I've met a lot of people in this business over the past couple of decades I've been doing this and I've met very few with your talent and your enthusiasm. So you're on the right track and You know just remember to use stops as that's what got me in trouble when a minor learning phase began So you're doing great. Just keep up the work. Just keep up the good work. Yeah, no, you really have you're very special Remember all I know is that I know nothing as the great socket these times, right? Amen. Amen to that my friend. Well, listen have a great day. I know you're really busy Thanks for squeezing us in we'll have you in sometime in November if you don't mind you got it. Take care of yourself Larry You bet. Okay. That's one Carlos parents for all star charts Okay, let's move on here to take care of a couple pieces of business here that we've been looking at yesterday we were looking at a couple of trades that we I did the one trade of course with the with the Microsoft and I'm just gonna do it a quick review here. That's the end of it. No more trades I'm not going to do anymore because I am not getting a lot of feedback. So there won't be any more of these Here you go. You can see here. We went up to that 1.618 expansion at 324 I said to sell it there put a stop at 327 today it got down to 321 which would have been the first profit objective if I were in this trade And I'm not what I would do is I would put my stop at 324 and let it ride That's what I do. I'd be in a free trade and the reason for that free trade is Microsoft is one of the Dow stocks and these Dow stocks I know nobody can believe this, but I really believe that we're up here in the end The aisles of the three drive pattern here in the Dow Jones industrials and we'll see if it's see if it's going to keep on going There's a couple of other things. Oh, by the way on the Tesla if you remember on the Tesla yesterday We were looking at Tesla. I believe me. These were paper trades folks I don't trade Tesla, but someone was asking the question I'll do the next flicks and Netflix in a minute, but you'll see here We had a beautiful a bcd on a 15 and this $1,000 stock folks. So for move 80 bucks. It's no big deal You can see that it pulls down, you know, right to the 61% retracement the whole move down there at 1030 and then of course the news comes out today that The Vatican has bought 500 Teslas and it Started to get the move market higher. Let's move this up here so we can all see it and that's another a bcd Nothing more than a bcd. That's all I look at Yeah, there are a couple of the little things But that's the main thing that I'm paying very close attention to as we go here today the other one we Mentioned yesterday about the importance of what's happening with the 61 percent retracement in Apple And you can see what happened today in Apple once it went above that 150 50 it literally that is Breakout to the upside and you know that your next level is going to be up at about that 153 27 It's probably hit that already would be my guess given the strength in the the Nasdaq So if for the Apple hits 153 57 I would presume that would be the high of the day and if it were even though it's 153 dollar stock I believe in 7 8 6 is so much I would be selling it at that level 153 47 with a buy stop at 155 47 because you can risk just a small amount doing that to me That's that's worth the effort if you have any questions. It's 877 927 6 6 4 8 when we come back Oh, we've got a caller from Georgia Dan. What can we do for you? Hey Larry, what's going on with aluminum It's used for coca-cola and beer and a few other things. I have not seen it Dan I hate to put myself in this, you know in the in the sandbox, but I haven't seen an aluminum chart in 15 years So I really haven't seen it's a straight up or straight down straight down Straight down. Well, that's a sign that something somebody not buying a lot of cans that'd be my guess. I I'll look at that fact is it's a very interesting because I watch I so I watch steel occasionally I watch copper all the time platinum and all that but not aluminum, but that's interesting How much 5% down Whoo, what's been a half been Murders I will do my best to pull up a chart during the break here And I'm going to talk about it when we come back from the break because I think it's something to we need to pay attention It's up. Here we go. Mr. Z is on top of this like a man with a cheap suit. Thanks, Mr. Z We're going to bring this up here and let you take a quick look at it now Hopefully we'll be able to see it. Oh my goodness boy. You're not joking. This thing has got hit like a rocket Just get the move this so we can see where we are here The 60 day here get this up to take a little boy. You're right. This thing is there's something wrong With with consumption. That's all I can say because that that is it's going from 1450 to below 1200 in just a matter of Two weeks boy. That's a huge drop. Something's not right. That's for sure I don't know what it means, but uh, we'll see Yeah, I hope that helps if I could just um, I'll just listen I'll just take the answer off the air But yeah, it looks like it's breaking a drop down trend from you know going back from uh, Oh, yeah Well, you can see here looking at the start. Yeah, just looking at the stock levels. They've dropped from uh from in october They they've just had a precipitous drop. You know, in other words, they don't even want to own this stuff You know, that that means they're expecting to go a lot lower because if there was it thought it was going to go higher Warehouses would start stocking it and they're getting rid of it You know, that's uh that reminiscence of when oil went from 144 down to uh, you know What $30 a barrel back in 2008? So Hey, thanks for calling in. That's a good good question. Dan. We really appreciate it. Go braves. Go braves Thanks buddy. Bye. Bye. You bet and also I like the Houston Astros too. 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I posted the chart of the australian dollar and the us dollar. You notice here. This is a daily We're right at the 50 percent retracement. That is a 1.27 expansion of the bc leg It's also a 50 percent from the high that we made back in february Very strong. We're sitting right at the number right now So any move 20 30 pips above that tells you that we're heading up to the 61 percent retracement Now the the time difference between the ab and the cd leg the cd leg has taken longer to get to that level And the fact that it's testing it the second time. We did it a week ago It means that there's a little bit of a probability here slightly weighted that we could go higher But it's based on 30 pips folks $300 These things are so accurate that they work within just a few pennies of where they're supposed to be Or you it is don't work at all, but this is one actually perfect. Look at the bottom You know look at your seven eight six a difference between point eight four And the seven eight six is you know like 150 dollars And then it from there it moves four grand So these things are very accurate the 78 percent level If you look at the high back in february and then the retests in may there again, that's a perfect 78 percent level So those are the things that we're paying attention to this morning And uh with that now we also want to take a look at the canadian dollar for our good friend mike up in the old Well one second up in the northwest of canada And we'll get here is the canadian dollar here versus the us dollar We'll get this up here one second and We've got a caller from uh philly mr. Jeff. Give me one second. We'll be right with you jeff hold on You'll see here. We're below the 61 percent retracement. We had a five-day rally And it didn't go anywhere folks. I think this is heading down to the 122 level That's what i'm looking at. That's gonna it's already violated the 618 Went back had a five-day rally and it's heading lower. That's the way it looks to me And now we have jeff on the line about mr. Gartley himself. What's going to help you with young man Hi larry, um, I have a very specific question about the gartley pattern So let's say you have a you know perfect gartley pattern But price comes down and goes just beyond the uh the x-point So that's you know where I get out and now i'm looking for it to go to the 1.272 and set up a butterfly But um, I've been seeing this a lot lately It doesn't get to the 1.272. In fact, it it doesn't go very far past the x-point at all And then it reverses and comes back up into the pattern, you know So my question is, uh, how do you handle that? Do you just pretend it didn't break the x-point or It's just not created at all It's one thing you can't do you can lie and cheat and steal but you can't pretend So no if it does that what you have to assume that there was just a large order setting there And uh, that just moved a perfect example of that was we've been watching hogs for several days You know down around that 73 level. Well, we broke down to 71 uh 95 yesterday and all of a sudden today we're trading above 73 50 well that probably means there was a big order down there That got filled below the price we were looking at so that's how you handle it I find that these numbers that they're so they're so spot on that if they're not spot on I really I really have to challenge Whether the pattern is correct. I mean, I'm talking within a hundred dollars. I'm not talking about anything really significant Well, I'm so I'm sorry. I didn't really understand how you traded So you're saying once it breaks that x-point you do not trade it No, no, no, no, I'm not saying that I don't trade it I just watch what happens because if it goes just beyond the x-point by just a little bit That just means there were some stops there and you have to take that into consideration, especially if the move I'm going to give you a perfect example of it right now as we speak Let me just just just show you and this is what frustrates me the most in this business I've been following so many things here because all the things happening in the financials And I want to show the folks what I missed today and the reason why I missed it is I had my My limit minder on at the 61 percent retracement. This is an hourly chart This thing hit it three or four times But it was in the middle of the night until this morning in the report came out And there's your 61 retracement makes it a lower low by one tick at 115 1583 and now it's trading $1,100 $1,200 higher And I'm standing here raving a american flag saying where's my position? Where's my position? I mean that that is that that's what frustrates me because you know everything was set up And I hope this is a good example of what I'm looking at because that's exactly what's been happening, you know All right, okay So what you're seeing is if like in the case of the currently if it breaks the x-point by a little bit But then if reverse as it goes back in Then you might jump back in and continue to trade it as uh, you know looking for the well point six one eight of the ad Yes, you have to you have to do the ratios and the patterns the ratios have more strength in the patterns So but you're trying to be perfect jeff and this is this you're not going to be perfect you're going to be close It's like tiddly wake tiddly winks and hand grenades. You're going to be really close But you're not going to be perfect. So don't try to be too perfect Okay All right jeff I hear a sigh in your voice if you would like give me a call No, really. I'm serious. Give me a call. My number is five two zero five five five Five five five five no, it's actually five two zero two four one Five seven nine three two four one five seven nine three and i'll try to we can get together on skype And maybe i'll show me an example and i'll see how I would handle it But believe me, you know, you can't be you can't be perfect. That's the that's the whole thing I mean you can be close But you can't be too perfect. That's for sure Okay, I don't want to take too much time. All right. Well, thank you for the invitation. I'm going to take you up on it Okay, and and if I when I see the number coming in from philly, I'll probably be gone I'm joking with you jeff. I will be here. Give it a half hour after the show. Okay Okay, I think all right. Bye-bye I only do that for people from philadelphia folks folks something really big has happened here I have to share it with you. Maybe it means nothing. Maybe it doesn't but here is I wanted to show you this This was what we featured in the newsletter this week Because of the fact that if you'll go and look I like to do it both ways, but I'm just going to do it the easy way I'm just going to post this chart right here Which is a four hour chart. So it covers a long time. We're looking at four months here You can see the three drive to a bottom pattern pattern here. I've posted that into the room Now let's try that again larry into the newsletter saying get ready for a rally because this was a beautiful three drive on a daily basis It was also perfect here as you can see and that's exactly what we happen had happening but One of the reasons why we are friendly to the bonds this week was the fact that the bonds look at the bond chart Now this is a four hour chart Okay on the on the treasury bonds You can't find a three drive to about you can you can find a double bottom there That doesn't quite make it there just a few days ago But this is the same four hour chart and you can see what's happened Now look the treasury bonds from the july high Made the three eight two retracement to there at one at one sixty one oh four today That was the that was the three eight two retracement of that move It made that in in a matter of ten days. Look where the the notes the the notes are so far away I'm getting too excited here Look how far look how far away the notes are From a three eight two just get this up here and take a look at this This means something I don't know what it means all I know is that the bonds are stronger than the Than the notes that means the feds probably in buying bonds that would be my guess but That certainly isn't a bullish chart that that was actually a sell today That was the trade of the day in the bonds But uh trade of the day was the euro and I missed that one eight seven seven nine two seven six six four eight Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com and hit watch tiger tv Okay, folks. I'm going to post a chart here of the um Crude oil just to show you this was coming into this week This was are going to be our trade of the week if you remember We were selling it up here at the 84 30 level That was sunday night the market went above our stop level which was 40 points Then we went up and made a new high up at 85 50 Then we had the sharp breakdown if you'll notice the downsloping line there folks that first retracement there was a 78 retracement Right on the money and so that was the first place that you'd want to be looking i'll just bring this up to you Fresh so you can see it But that would have been the first place that you would have a good chance for a low risk trade And then of course the second one That was the one that came in at 84 20. That was a very short Term rally there where we got up to 84 20 from 84 20. We dropped down 300 30 300 $3,500 straight down To 80 80 and now you'll notice today We're completing an abcd pattern up here at that 82 60 we hit that spot on it's already dropped a thousand dollars It's come back at 400 dollars from that but this is a very very active market It trades off the numbers incredibly well And so all you have to do is just be patient enough to wait for those and that's what you're looking for Regarding the jeff's call about the trying to get perfect and stuff folks you see these all the time They're they're not always going to be perfect, but the whole thing about the patterns or risk control You know, that's the whole thing that that this these things are based on it's not the fact that they're predictable Which is good, but the fact that they're predictable when they're not predictable That's telling you you're wrong and you got to get out of the way That's the that's basically the bottom line now if bonds would have gone above You know 161 15 or something like that that was told me that oh this one's not working But you know the bond trade had a really nice move in it It's you know continued to go down You know go down all day if we look at the bonds here Well, let's just let's get on to something else that I that I want to talk to you about And that is the the soybean market because this is the january soybeans that we've been watching for quite some time We're seeing a picture here in soybeans A little different what they're saying in the Saying here hold on one second here You'll notice that we're at a 61 retracement here yesterday And then what we did we came down Sharply and then last night we rallied up made another 61 retracement and immediately dropped 13 cents. This is not what we call bullish action folks This is really not because if it were really good, it would have taken off And it certainly didn't do that all it did was rally up to the 78 percent level And that's it and that's why these numbers that when we were talking about jeff You know I look at those numbers because mathematics proceeds geometry is what uh, Mr. Dr. Einstein said and so when I see these numbers and the the amount of slippage that I allow Is a few hundred dollars You know that that's really the only amount that you have to give when you stop to think about something You know soybeans has a contract that's worth 61 000 and you're only risking a couple hundred dollars Any farmer in the world would take that bet because you don't have to have capital you don't have to have You know the Tractors and all the other stuff the harvesting machines. You don't have to own the land You don't have to buy the fertilizer higher than people, you know, and uh, So that's what it's all about. It's all about risk control So we're going to be doing a lot of that when we do the day trading session on november 10th with Tommy terrific Tommy who guard and he'll be on with us for about an hour that day. I believe Doing some teaching and then doing some trading and we'll have some fun making some money The goal of that day is to a make money and we've done three of them. They've all been good And we're hopefully the fourth one will be the same way And we'll also be doing some teaching and giving some people some ideas of You know coming moves because these markets are going to get so volatile soon They're already volatile, but they're going to get even more volatile folks The public has not been afraid yet and when that happens You're going to see some it could be in the cryptocurrencies. It could be in anything But when that fear comes in and it will The question is will it be in my lifetime or not? But when it does it's going to be some It'll be in the news. That's for sure. We'll keep going and what's going on right now So that's what we're seeing today We'll have any questions. It's eight seven seven nine two seven six six four eight Al is telling me there is one line open if anybody has any questions So we'd be happy to answer them if we can And those are some of the things that we're paying, you know, really close attention to here Today and a lot of things happening because the market, you know the dow drops 300 and comes back 250 I mean, you know and does it on the open pretty much? So there's volatility out there for everybody I can see that euro just keeps going higher and higher and higher and i'm sitting here Kicking myself and they gave you no chance to folks. It just took off like a rocket and never even never even budged I mean I was looking at this 15 minute chart. It's just been a vertical route I'll just show you what i'm looking at here and I the buy would have been at 80 85 50 and the low was 80 went 85 82 So there would have been a very very, of course, you don't know that's not going to go through that But we took out the lows of the yesterday by one tick and then took off right at the time when the There's a report in there And that's the ideal time because if you're wrong, you're going to get stopped out right away If you're right, look what happened and I'll show you what happened. You'll be able to see it yourself But for me to miss this That that really bothers me and I can't blame the machine because I by the time I saw it this morning It printed that it hit the target hit the alert button at ensign It hit it three times, but I was not I either didn't hear it or I wasn't at the machine when that was happening I was at the machine when the report came out but by then the The cat was out of the bag and there was nothing you could do But the only thing you could have done and that would have been had a stop in there But I don't I don't like to chase market. So I put this in the I woulda coulda shoulda variety. So that's it. All right. Let's move on here To oh by by the way tomorrow, what do I have tomorrow? I kind of I might have a very special guest tomorrow. Mr. 20 man might come with us tomorrow. I talked I talked with him today and He's getting ready to He's buying a new place and stuff But let me get back to this euro for a second because I'm still thinking that we're going to have Let me get the four-hour chart and see the euro This is the euro that we're looking at on the four-hour chart And I want to do the I'll do the pattern here to show you what we're watching here. Hold on one second We'll get this up here. Yeah, we're we're going higher. We're going to go up this 117 area without any trouble at all In the euro just give me a second. We have mr. Z on the line. Mr. Z. What it be? How you doing buddy? I'm very well larry say In the closing section of your show, I wanted to ask you about comex silver Sure, you haven't mentioned we haven't you haven't talked about it For a couple of days thought I would bring this up Up in front of the center. Just to let you know i'm Holding a core comex d silver position from about a buck lower. We're 24 19 I'm wondering as you look at your four hour and hourly charts. Sure What you see likely to happen Well z my my hope is that we can get it down to this 1.8 expansion down about 90 cents from where we are right now at 23 38, you know, we've been in a sideways range here for the last three days The fact today that you know when the gold popped up there to 1812, you know silver didn't even bud So to me, I think the bias is to the downside my friend whether i'm right or not I won't know for a day or two, but that's always the case Very good. Thanks larry. Hey, thanks, mr. Z anytime my friend. We'll be right back folks eight seven seven nine two seven six six four eight Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be Educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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A seven thousand per year on a secured tiger first mortgage the tiger first mortgage program Maybe just the program for you the tiger first mortgage program pays seven percent per year paid monthly for more information You can call eight seven seven five one eight nine one nine zero. That's eight seven seven five one eight nine one nine zero Okay, we're back folks. I posted both the chart of the euro and I believe I posted the chart of gold I want to do both of them. You can see what happened in the euro today. They just took off Boy that that really I don't I don't miss those very often because I trade the euro all the time Haven't been in it for the last couple days. I had limit miners going but That bus left without me. The other buses were okay. Anyway, let's take a look here at the gold We're been in this really tight trading range. You can see here. We busted out Of this range a long time ago whereas silver has not But I think any move if we get above 18 25 We have to start considering gold for something really serious folks One of the problems with gold market. It's a paper market with gold I don't know if you folks know that but if you had a gld contract And you were one of the few people that were able to get you know, delivery of it I think they can only deliver about 0.03 of all the the gold that's traded out there So it's basically a paper game and that's not the way gold used to be You know gold used to be backed They had to be backed by this and the futures markets are supposed to be backed by this but that gld Which is an etf is not so that could be interesting I know some of you folks follow jim rickards from What's the name of that name of that group agura agura publishing and of course he's they're they're talking about $15,000 an ounce gold and That would be about 15,000 that would be a hundred times What I bought my original cougarans for wow that'd be a lot Anyway, we'll see what happens with that but then we'll get some of it I haven't been along gold for Three or four weeks now i've been trying and every time I try I don't quite get there I had one nice profit in it about 10 days ago, but that was the last one But the other markets have been treating us a relatively good crude oil soy beans And the euro has been good to us except for today Anyway, that's that's what we're watching tomorrow. We'll see you on the flip side of this live every day in an attitude of gratitude And may god bless and do something for your for your neighbors folks because it's a jungle out there and they need help So may god bless