 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Toe free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, folks, we're gonna run over some charts here. This is the Dow Jones on a 13 minute. There was a high yesterday at 38,000. We were on the air. As you can see, when that happened, just a fact is we came off the air. It finally started to go down. We dropped well over 700 points into Dow from 650 points from high to low. S&P dropped 80 handles. Now, people have asked me, am I sure that that's a, folks, I'm not sure of anything. All I do is try to read these charts. The fact that we broke down, you'll notice the overnight low here, high was at 382. Then the report came out on jobs. Market rallied up here. Couldn't quite make the 61. We did it in the NASDAQ, but we didn't do it in the S&P. S&P went to the 50%. Now we've come here. What I'm assuming here, and this is how I'll try to make a decision whether this is gonna be a major high. The only way this can really be a major high, folks, and this is only the second day down and we're not even down. We're up, we bounce from the bottom, but okay, let's just try to get this up here so we can see it real easy. We'll draw in the ABCD. There we go, there's your AB leg, there's your CD leg here. When we get below 37,000 in the Dow, we're 37,500. That's 500 points from where we are right now. That's going to mean that we're down 900 points from behind, and I don't know how long it's gonna take to get there if we do, but that's gonna tell us that's gonna be the first sign. Yep, the trend has possibly changed, okay? Now, one of my favorite books I've mentioned to you many times has been My Own Story by Bernard Baruch, and he was talking to Fannie Bryce. It wasn't to Marlena D. Crick, it was Fannie Bryce, and she asked him, how do you make money in the stock market? And he said, you buy low and you sell high, and she said, how do I do that? He says, do you have 40 years? Of course, she smiled. She says, no, I don't. But he said to her, the stock market exists for one reason. They inflate prices to a very high level, and people will buy it all the way down. I don't know if that's the case or not, but look how many people were bullish here, and look what happened there. So all I'm doing is just looking at the patterns, all right? All right, let's just take a couple of look at some of the things we were watching today. Okay, you'll know that we were long to go, let's get the gold market up here. We've been long the gold here. We bought the gold here yesterday, well, a little bit lower than that, where was it here? We bought the gold right here, and we took profits right up in here, what this level right here, we made about 1,000 bucks. That was a really nice one. The one that was really interesting, and people question, say, you can't believe this is going to happen because of what's going on in the Red Sea, and all that stuff. This is the last five days, remember, now this is when the Red Sea came out and said, this is what we're looking at. But look, you got your ABCD pattern here, ABCD. There's where we exited the long. We bought that down here at the 382 folks, and what we did today was look to buy it at the 61% retracement of this low right here at 72.44. The low was exactly 72.44 to the tick. And of course, we put our order in to buy it at 72.44.88, anywhere near 42.50 is good. We had a nice rally. You can see, but look at this. Here's the hard part of trading, folks. You buy it here, and at this spot right here, you've got a $1,600 profit. Now, I can't relate this to everybody, and I'm not gonna say every time I get out at that point, but when I was looking at that, I said, okay, what was the rally high back here? All right, pull it down, and where did it stop at the 50% level right here? There was a 61.78. If it had got there, I probably would have got out of it, but I did not. I left my order in, and I had sent through this whole thing. Now, what I've done now is I've moved my stop just below here, because if that gets hit, I'm gonna lock at least $600 in. I've already given back 1,000, which I'm not happy about, but I can't do everything. I hardly ever do anything. Anyway, that's the way I'm handling it. People ask me that question, and I can't do the mini trades and stuff like that. What I like to do is buy things and hold them for four or five days. If I can't, much like we did in the cattle. Here, there was another problem that I had in the cattle yesterday, and we have a pig report tomorrow, folks. By the way, our guest today will be Rich Anderson. Here's the problem that I did yesterday, and I should have made really post-taste to this. This was just interday yesterday. I'm looking to buy it right here, which is the 382 and the whole move, right there, at 67.70. What I didn't see, because I'm doing so many other things, is you go from your A-B leg down to your C-D leg, you make an absolute perfect A-B, C-D, and I've got my order to buy right here. Now, I didn't see this till after the time was up, but then look at this, it rallies another 1,000 bucks. But that, those kind of make me silly, because see, what I wanted to do, is I was trying to buy it at this level right there. See that, and you see the difference between that? That was 100 bucks, and look what we've done now. Now, we got a report coming out tomorrow in the hogs, which is gonna be interesting. The fact that we had a high here, we backed off a couple cents, so that tells us a little bit of selling up here. So maybe, maybe, just maybe, we're gonna get a chance tomorrow with a really negative crop report in the pigs to get down here about another two cents, and I wanna be watching to possibly buy the cattle here at 67.80, 1.67.80, because that looks like a really good pattern. And as you recall, looking at this on the daily, we had everything that we wanted to see, and now we're back in this area. So we're looking to buy a 382 retracement of this move here after the cattle report tomorrow, and we will be on tomorrow when the cattle report is out. It comes out, let me see. Just about now, tomorrow, so we'll be watching that one very, very closely. I covered the gold. Here is an interesting one that, oh, someone's asking about the NASDAQ. Let me get that up here. Only take me a second, folks. Oh, we should do NASDAQ, and since we're gonna do that, we should do the Russell because they're all interrelated, that's for sure. Okay, here's the NASDAQ, and we're gonna get a 15 minute up here. I know it went above the 61% retracement on the NASDAQ. Here's the range yesterday. The NASDAQ had a pretty big drop. We went from 1708. Now we dropped 300 some handles, folks, right down 350 points, and you'll notice we did go above the 61% retracement today. Not by much, and we didn't stay there very long. You see, we went up here, and there's where we are now. We've got lower tops in here. So the key is, because we had this low here, we're still up on the day. So it's trying to hold. Look how many, we've been here for hour at the 61% retracement. We start getting below here. That's gonna be a negative sign for the longs, would be what I would be watching. So anything making new lows below here, which would be down about another 30 handles in the NASDAQ, then I would say yes, that's probably what's going to be moving along from that level. Now I've been asked to take a look at the natural gas. So we'll get over here and take a quick look at this. Here's where we are at natural gas. There's the 382 in the long-term daily, folks. Look how many times we've been here. We're gonna cover this when we get back. This is important to really watch. So let's stay with us. 877-927-6648, Billy Ray Valentine, Kevin. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's Den, available to all tigers and tigeresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigeresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Toll free at 1-877-927-6648, internationally at 727-873-7618. Okay, folks, here is a situation that we have going on in natural gas. You'll notice from the high we made back here in November, the 23rd, right before Thanksgiving. Let's try that, Larry. After the day before Thanksgiving, you'll notice here that we've come down, we hit the 382 retracement here, backed off. Hit the 382 retracement here, backed off. Now we've made it the third time. What's different is we sold that here the other day, just two days ago, very nice 382 up there at 12, excuse me, 258. We covered it here at 239. Okay, that was a 61% retracement here, but look what we've got going now. Looking at this really closely. Remember, this is a holiday atmosphere. This is an hourly chart, but we have a valid ABCD pattern right here. This is what I would call, look, you take out all of these stops, you see that? Those stops are gone. You would think they would be, there's your ABCD leg right here, right on the money. So it shouldn't get much above there. The high was 260, it's trading at 258.50, so that looks like a legitimate short sale, if you were gonna be looking at it. Let's just look at it a little bit in depth, okay? What we're gonna do now is go from, using our timing thing on the bottom, we're gonna go from low up to high and see that it took 15 hours. You see that? Took 15 hours to do that. I'm gonna get rid of all these others here, so you can see them out of the way. It took 15 hours to make that high, 15 trading hours, okay? So all we're gonna do now is we're gonna move this over from here low to your high, and we are in the 50, we're actually one hour past, so it's really close. So it's another thing that tells you maybe this is good. This is what we look at when we're watching time and price, because if you drew this on a little pattern recognition tool like we have here in Ensign, you'll see that lines up to a drive one, drive two, and drive three. So we measured from low to high and low to high. So what we wanna do next to find out if the geometry is correct is we wanna measure from high to high to high. So we take the little tool, I'll show you how to do this at home. It's real simple. There it is right now. There's time and price being squared. Upside down, this is it. This is how the ball games played here in Tucson, Arizona. Getting rid of this, and you're home and you don't have this tool, it's really simple folks. Take a ruler and a pencil and go from your high, just draw it in like this, okay? All right, measure it with a little ruler, whatever you have to do. Take that and move it right over there and there's your same little tool just like you were looking right down here. That's exactly what you're learning. You got three things that make you believe this is a good sale, okay? A, you have an A, B, C, D. That's the standard of what we use. We have high, excuse me, low to high and low to high. It's absolutely perfect at 15 hours up, okay? And we have high to high and high to high all coming together. That's Mother God and company folks. It doesn't get any easier than that and it's certainly not hard to do. It's not rocket science but that's what pattern recognition swing trading is all about. All right, now I had one other question and that was about the soybeans because they've been under a little bit of pressure here and we're getting close to what I think is gonna be a pretty good bottom. Let's just get this up here. You see here, we're getting ready to take these lows out right here. That low came in at 294. The low today has been 295. So let's just match this low. We need to take this low out because there's gotta be stops there. I mean, I can't believe that there wouldn't be but maybe there isn't, I don't know. But here's what we have in the soybeans. There's this, we're a little below the 78% level. We had a nice rally to the 50%. Now look what we've got, ABCD coming down and that's a nice ABCD pattern because you've got a high here. You got a high here. So we're gonna be able to look at it on a four hour chart and see it just a little clear. And there's what we wanna be looking at. This is where get rid of all these other little things on the other charts. So there's where we are. Remember, these were the stops are gonna be down in here somewhere. And look where we've got going. We've got a nice ABC, look and see here the last high that we made was almost an exact 382. Oh, actually went to 50%, sorry. Now you've got this pattern coming in right here. You've got an A, B, C, D coming in right there. So we're just gonna draw it in. This will be for tomorrow. This will be off the air by the time this thing starts to move. We should get down here to this level here around another 30 cents lower. We might only just take this out by a little bit in turn. I don't know. And the reason why I say that is I'm stretching out this ABCD pattern because it's almost making a new low. Watch this. This is where the stops will be placed right at the D part of the ABCD. See, so if it gets to this level right here at 1286, okay, you're just taking out all the stops from that level. And that tells you that that's a good spot. So what I'm gonna do, and this is what I usually do at night, I'll mark this off like this. All right. And I wanna see if I can verify that any other way. I just go back two more days and I see a high right here. So I gotta use that one. There's your high right there. There's your draw it in, right? That's because we're alive and not memoryx. I'm just gonna draw it in just like we would be at home. There's your AB leg right here. Okay. And I'm just gonna clone that. And we're gonna see where it comes into and if it comes anywhere near. Uh-oh. Where are we folks? We're in the buying box. So this is what I think we're gonna do here is take these out and then we're gonna have a pretty good rally. Look, if you buy it here, there's gonna be a lot of stops. So far they haven't been hit yet. This was 293 and three quarters. This has been 295. These stops are gonna be hit. And then we're gonna see how close we get to 1286 and three quarters. That's down 14 cents from where we are right now. But that's the kind of pattern that you wanna be watching. So if you mark this, there's your, let's just draw it. Let's draw the thing in easy way. Hope I can do it the right way. Sometimes these things get a little squirrely. That's that one right there. And then we got the other one right behind it that is right here. So I got a lot of things that tell me this may be a good bottom. Certainly tradeable. I'd be buying it say 1287 and putting a seven cent stop. Where can you be a farmer in Indiana and Illinois for 350 bucks? That just doesn't happen. You got farm equipment. You got to lease the land. You got to hire somebody to run the combines and stuff. Just doesn't happen here at the Chicago border trade. You just buy it, put your stop in and you become a farmer of 5,000 bushels of the fine soybeans for January delivery. So that's what we're paying close attention to here. We've had a request to talk about the wheat and we have Rich Anderson coming up in just a minute here because remember Rich was on several years ago when wheat was up around the old, how high did we get? 13 bucks, I believe. Yeah, 1370 is where we were back in here. Of course he's been on many times. If there was a high in 2022, we're still looking at a possibility of seeing wheat below $4. I don't think it's gonna happen, but it's certainly possible. But we'll have Rich on when the break comes up here in just a few minutes, actually 32 seconds and then we'll see what he has to say. I've got some questions for him about options. So stay tuned folks. Rich Anderson coming up next 877-927-6648. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-Bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex Report you also gain instant access to Teddy's 60-minute webinar archive. He just hosted forex strategies and fundamentals what is behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex Report subscription today visit the front page of TFNN.com. TFNN, educating investors. Everything in the universe is governed by the Fibonacci Sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. 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. Okay, folks, we're back and I believe we have Rich Anderson of Anderson Capital Management online. Rich, are you there? Yep, I'm here. How are you, Larry? Happy holidays to you and the family, Rich. Oh, thank you. You too. Man, I know it's a big deal there. How's your weather? Okay, I thought that was a great call you had yesterday selling the S&P. Oh, I got lucky once in a while. Rich, we've got a hog report due out tomorrow. Is that correct? Yeah, they're on Friday. They're on Friday. Friday, now what can you give the folks where hogs are trading? Fib hogs are down around 70 cents. They've been as low as 65. Rich, you remember about six or seven years ago, hogs were under the cost of production by I think they were trading for 45 cents and you were on the show. I went and bought a honey-baked ham for Christmas. I paid more for that ham than a whole hog was being sold for in South St. Paul. And when you would go to the auction, if you had a horse trailer, because a lot of these guys go and just pick up a few heads, you had a horse trailer or a truck, you had to luck that sucker, otherwise you'd have a bunch of baby pigs in the back when you went home. Because these baby pigs are penciled in almost an $80 loss. So a sow could have 12 pigs, that's 960 bucks. And you can liquidate that sow, but you're only gonna get $100 for her. Yeah, people don't realize that. It costs a lot to feed these little pigs. It's kind of a train wreck right at the moment. Yeah. Rich, I have one other question about the live cattle market. We had a hive around almost 180, which was an all-time hive. By the way, you bought that. I remember you bought that on the low. Because you called me up and I was shoveling snow and you wanted to know what the opening was gonna be. Well, I got lucky on that one. But now it's gonna be 50 this week, can you believe it? In Minneapolis in December? Yeah, it's just crazy. In November or December, we're two of the driest months ever for Minnesota. But anyway, go ahead on the cattle. Okay, the cattle we have, cattle gone from like 180 down to 162 or something like that. I mean, this is an incredibly high price for cattle. They've hardly backed off at all. Is there gonna be any relief here where we get cattle down to say 120 or 115 in the near future? Are they gonna remain high for considerably long time? Because I know you have cattle on your ranch. So what do you think there? Well, I think we can revisit the low, okay? And I think we're gonna stay in a training range. In fact, I was just talking with a buddy 20 minutes ago and tell him where he could be selling. And in any case, I think we're gonna just be in a training range in, but it's a broad training range. I might add that if you look at the feeder cattle market, which is, you know, that's the ones that you buy and put the feed in them and then they become that cattle. That dropped exactly 50%. You know, if you go and look at the charts, the monthly charts, you'll see that. Now that same kind of a phenomenon happened back in 09 to 2012, except it took a lot longer. These things are happening, you know, in microseconds compared to the old days. I mean, well, look at yesterday's sell-off in the S&P, that in two hours, it took five days' worth of rally out of the market. Yeah. Rich, we got a call on the line here. Jeff from Phillies has a question for you, Rich. Go ahead, Jeff. Sure. Oh, hi. Thank you. Yeah, but good question for Rich. But before I do, Larry, I think that report comes out at 3 p.m. Eastern tomorrow. So I don't think it's during your show, but you can ask Rich. I'm not the expert. But Rich, yes, I heard quite some time ago on Larry's show, you mentioned reference to a study that shows the market impact of different agricultural reports. And I was wondering how can I get that report, or what the name of it is, and who offers it? Well, all these reports are provided, like the Peacock Report, all these reports are provided by the USDA, the United States Department of Agriculture, that's who put them out. You know, that's who publishes them and they're available to anybody, you know? Yeah, but you gotta, well, let's report it. You know, in the afternoons, you can go to the CME, Chicago Merchant Exchange, and they have different people that will comment on grain reports, or, well, they'll comment on everything, you know, and so you can listen to them and they'll go over it. Or you can go to YouTube, and there'll be two or three different firms that will go over any and all these reports. So there's plenty of places, but if you actually just wanted to read the numbers, you go to the USDA, but what's more important is not what the numbers are, but what the expectation of the market was versus the numbers, that's the key, that's the key. Well, what I was actually looking for is the market impact. In other words, like for the Pinkton Hogs Report, the market normally will respond plus or minus 6%. You know, something like that on all the important reports. Is there any kind of study out there that has that information? Not, I'm sure there is, not that I'm aware of, but I'm sure somebody's done that, but you know, there are a lot of people that do that in the equity markets, particularly the off-center kind of guys, but I'm sure somebody's done that in the futures, but not that I'm aware of. It's a good idea Jeff, that's something we ought to think about. Okay, well, nobody's done it, I'll do it. There you go, you probably got a product that people would like to buy too, Jeff. Rich, you remember the days when we used to trade hogs and bellies and cattle and there would be limit up, limit up, limit down, limit down, you'd never see that anymore. Those limits are gone, aren't they? They just expand the limits. Well, that's because they expanded rangers. Yeah. Well, first of all, the rangers were huge. I'll get off, thank you very much guys. Thank you, have a good day. Yeah, it's been, how long's it been since we've seen a lock limit in cattle or hogs, you know? Since the expansion, I don't know. It's probably, that's a very good question, probably a couple of years at least. I mean, I don't remember one that was locked. Well, the other reason that they don't get locked is anything that has options on it, even if it's locked limit down, you can still trade out of that by doing a synthetic futures, which is, let's say you want to get out of the long side, while you're buying and putting, selling a call and they'll synthetically do that and they might take an additional four or five cents. In the old days, you'd hand them the keys to a Cadillac or something like that in the pit, you know? That's for sure. Listen, I think we got a break coming up here. I want to talk to you about the, we started summertime over there in the South American stuff, with Argentina and Brazil and stuff. What's the soybean situation and the amount of soybeans that China has to have? Because they got 1.3 billion people that eat a lot of tofu. So what do you think's going to happen to the beans? I mean, we're $12 beans, are we going to go to 10 or are we going to go to 15? Well, this is the rainy season and they're not, you know, they're going to get some rain this week, but it's been very dry. The biggest two producing Montegrosso is the number one producing state and Brazil. But keep waiting till after the break. This week after the break, Rich Adams will be right back from 877-976648. 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? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to tfnn.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. tfnn, 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 L-A-B-U or L-A-B-D, 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 and active investors. Distributor, Foreside Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Back folks with Rich Anderson, Anderson Capital Management, and we have taken a trip down to South America. We're right now, we're in Buenos Aires, heading over to Rio de Janeiro. Tell us about the crop down there for beans, Rich. Well, just like up here, it's been dry. The anticipation that the La Nina would give us more rain last summer in the United States and that didn't work out quite the way they expected. And it's dry down there, but keep in mind that the growing acreage in the United States is about 1,000 miles from the northern part, the southern part of where we grow grain, the grain belt. Down in Brazil and Argentina, we're talking over 2,000 miles long. So Montegroso is the number one soybean producing state and they're having problems. They've surveyed the producers, soybean producers down there and they think their crop could be 20% lower. Now the Brazilian government has got their crop five or six million metric tons less than the USDA. And eventually, you know, they come together, but it's, well, there's an issue, but there's rain in the forecast and it's coming in and they need to replenish the moisture and we'll see if they get it done. That's the thing. And if they don't get it done, then the beans have higher to go. They do get it done. You know, they're just gonna probably sit in a wide trading range. And as far as the February out for the U.S. market, then the February outlook, it's where the USDA puts out numbers. And right now the corn bean thing favors planting beans over corn. So you're probably seeing some reduction in corn acreage and increase the bean acreage, but it's so down in the South America, they double crop, they harvest the soybean and then they plant the sofrina corn behind it. And because it's so dry, some of that corn may not get planted and or will get planted in very poor conditions. The, you know, that's, and then on top of that, you've got transportation issues and the reason we've seen some buying from China lately is because we've gotten some transportation advantages. But like in wheat, the other day when Egypt tendered for wheat, the cheapest wheat was from Black Sea from Russia. You know, that's, it's a critical month right now for beans down in South America and they need to get the moisture forecast and we'll see how much we get over the weekend. That's really what it's supposed to have. How about the Panama Canal? We hear news reports that the water levels of the canal, because it's up quite a bit from, you know, sea level are very, very low and they're not able to get some of these large ships from China through, is that correct? Right, the Panama ships and it's Lake Gatsun and that's what's used to, you know, raise and lower the locks and there's no relief and moisture that will build up this lake until at least summer and there was a queue of maybe 60 ships waiting to go through there and it's really causing all kinds of problems. They're looking at, I just studied that yesterday and they're looking at taking this other lake and diverting water from that into the Gatlin Lake because every time they open, let's say you get a ship through then you open to let them into the ocean. Well, the water that was in that lock goes into the ocean, right? So they're constantly, you need lots of water and it's a real problem and they hope to figure out how to solve it but there's no answer on the horizon. I can tell you the things that I am looking at. One of the best longest seasons is, you know, gasoline is what we use in the summertime, right? And he also used in the wintertime. So this is the time of the year, the last couple of weeks have been the time of the year to be looking at spreading May gas against May, you know? And then natural gas has caught my eye. I think that's kind of interesting. It's been so warm that there isn't a lot of usage but if the, you know, something in the weather changes, it could all of a sudden become interesting. And I think, look how well this crude oil has held. You know, the report that came out increased the stocks in the United States and yet the market still held relatively well. And that's because we're queuing up these ships. You know, I don't know if you remember, but when I was on your program a week before Russia invaded Ukraine in the Olympics, I said, well, if there's an Olympic throw over, they're gonna invade Ukraine and they did. Now here, our Navy, Brits, the French and several other partners, they're not gonna allow the hoodies to shut down shipping in the Red Sea. And that's what everybody, including China, you know, because everybody's paying for more insurance. So I think there's gonna be some fireworks and that's gonna make things interesting. And as far as the stock market goes, all you have to do is look at the housing starts where 200,000 over the estimate this week, you know, people are getting way over their skis and anticipation of all the cuts we're gonna have next year. And if we have cuts, I might add, it's usually because the economy's not doing well and usually when you see the first cut, the markets don't do very well, they sell off. And so I suspect that they're maybe not gonna have cuts and the market's gonna, you know, still do well because the economy's doing better. So that's my overview, you know. Well, that's what we wanna do. That's why you get- But I'm your fourth farmer, what do I know? Yeah, that's why you get the big buck, Bubba. Hey, listen, thanks for joining us, Rich and happy holidays to you and Lisa and tell the kids I said hello and have a wonderful holiday and try to stay above 50 degrees there. I know it gets cold over there in Minnesota and I certainly don't wanna be anywhere near that. Well, I know, I can't believe it. You take care. Okay, buddy. Thank you so much. Rich Anderson folks, Anderson Capital Management. And during the break here, we've been asked to take a look at the silver market. It's been acting a little bit differently than the gold market, but we'll get it up here and take a quick look at it here. Here's our silver coming up here. We'll just get the daily and you'll see it's actually, I think it's down on the day now. Let's just look and see where we are. Here's been the action in silver over the past few days. Now, you'll notice the low that we made. We had higher bottoms in here. This was a really nice, this is a 135 pattern. Each of these is related to the ratio. We have the big ABCD that went all the way up, took out the, almost took out the high of May of last year, met matched it but didn't take it out. And then we backed off and all we've done today, you'll notice here, we had a big break here. This was the $107 break in the gold, $140 break in gold, silver broke $4 an ounce. Well, three and a half dollars an ounce. It stopped just a little above the 61, well, right on the 61% retracement right here. Then we had the big run up and then here's what we've had so far. So what we're gonna do now is this is the nice rally. This is day one, two, three, four, five, six, seven. This is a seven day rally. Let's see if it went to the 61% retracement level. It did not, it went to the 50% level. That's where it is right now. It's still up a little bit on the day, but just marginally. Let's get down and look at it with a microscope with the hourly chart and you'll be able to see, oh, we did make a higher high, I stand corrected. We'll be right back. I'm gonna finish up with this over here because Mrs. 382 retracement by Harpy. 877-976648. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader, Larry Pezzavento, on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter, Market Insights firsthand. TFNN, educating investors. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. 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. Okay folks, someone's asked me why I'm so bullish on gold and silver and I will show you the silver chart. You'll notice this, it's got a lot of stuff in here folks but all I'm gonna do here is to just get rid of it, some of it, just to show you how simple some of this stuff can really be, just get this up here. All you wanna do now is you wanna go look and you can see you have a low here, you have a low here and you have a low here. Okay, the first thing you wanna do is to see if there's any symmetry between those lows. So you come over here and it's not too much but if you took the other low here, not too far off, okay. What I'm trying to point out to you folks, this is a head and shoulders pattern. You see how this is your left shoulder, there's your head, there's your right shoulder. The right shoulder comes in at a perfect garterly at a 61% retracement right there, okay. And then if you look at that, there's your left shoulder, there's your head, there's your right shoulder. We haven't taken out the highs yet but we've had higher bottoms in here. This tells you to have a highest probability that we're gonna go higher. I will make this prediction folks. This is the monthly, you see this high up here? When we close above this high, civil will go to $100 an ounce, that's my prediction. I really believe that. I've seen this high three times in my lifetime, 1980, 2007 and 2011, not 2007, 1990, whatever it was back here. Back in the old days of Drexel Burnham, but that's what we're watching. That was way back in the 80s. But once we get above there, that means you're gonna be going a great deal higher. That's got a long way to go to get there. Before it gets there, you see it has to fight with this monster ABCD on the monthly, taking you up into this level here at around 33. Let's say 34. Once you start getting above 34, 10 bucks from where we are right now, then it's when we get above here that you're gonna get it. I've always recommended buying these silver rounds. Do that. Let's take a break. Tomorrow we're going to have our good friend, Peter E. Lighties. We'll be right back folks, tomorrow. Bye bye.