 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Oh toll-free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Louis. We're gonna take a look at the German Dax like we always do It's what we call the rocket syndrome up up and away If we take a look here at the footsie, you'll notice it looks like that Boris Johnson, I guess is gonna be I Think that's his name will be the next Prime Minister. It's also looking very very bullish So keep that in mind. Okay, Billy Ray Valentine is going to change the protocol today We are going to be talking a little bit about the Treasury bonds and Treasury notes Here is the open interest from two days ago I want to get this up and show you folks This will be the last time that I will be yes do that it hit that Fibonacci number and it's up five handles in the crude oil. Let's take a look here at this This is where we were on Tuesday. You'll notice we had a big drop in open interest of 38,000 493 That's when the European Central Banks came out You'll notice that the volume between where we were on June 18th and where we were on May 28th Whole lot different. I pointed that out yesterday. I don't want to spend a lot of time doing that I just want to go over this to let you folks know now if you go into last night What happened? We'll take a quick look here and then we're gonna just chat about it for just a tiny bit here Hold on just a minute buckaroos and here it is from yesterday And this is with a you know a little bit of kick in the pants from the Federal Reserve and you had a 60,000 Contract drop in open interest with the market going straight up. Well, oh, that's different this time boys and girls Because the old things that used to run the old commodity markets They don't work anymore because here's what the old books used to say many many years ago And I'll get this up and take a look at it You'll be able to see here that if you have a rising price like we had in Treasury notes and a drop in open interest Like we had in Treasury notes and bonds the market is weakening now How could that possibly be boys and girls the Chicago mercantile exchange? At 145 West Jackson Avenue in Chicago, Illinois is based on a contract for every buyer There must be a seller. They must match up. Otherwise. There's no trade Remember when Bitcoin came out at 19,000 in January of 18? Guess what happened? There were no buyers up there. It was all sellers. Look what happened about it being about a boom We just kept dropping and dropping and dropping Now, I don't know when this is going to be over, but unless it's really truly different this time Something is different This market is going up on a drop and it'll probably drop again today with that big explosive thing that we had last night Last night's volume is so doggone small Probably don't make a lot of difference, but who knows but anyway watch this folks We've seen this happen over and over again if we can't learn from it And you know, maybe it is this time and you know like the old I think it was Abraham Lincoln said it is better to keep your mouth shut and thought a fool than to open your mouth and remove all doubt So that's one of the things that we have to Remember but I have to tell you one of my favorite stories. Those of you that have been to visit me in Tucson know that I have a huge library of books on Psychology and positive thinking and one of my favorite books is by the great Japanese Warrior Miyamoto Musashi He wrote the book of the five rings and some of the things that are in that book are just right out of the loud souls Loud say is a art of war like today is victory over yourself Tomorrow is victory over your lesser man and loud so loud say said if you conquer your enemy You are strong if you conquer yourself your omnipotence. So that's mainly what you're looking at But Miyamoto should see said the general speaking the way of the warrior is a Resolute acceptance of death and that reminds me one of my favorite movies with Mel Gibson And it says a coward dies a thousand times the brave man dies, but once So just keep those things in mind as you go through your trading day But I want to tell you the story Miyamoto Shashi was in a beautiful picnic area in Japan some 2000 years ago and There was a giant horse fly bothering everybody And so the great warrior took out his sword and the fly came down and was turning him And he took a swish at the at the fly and the fly laughed at him And he said ha ha the great master has missed him as he put his sword back into his sheath and The great master bowed his head and looked at the fly and said don't shake your head That's what's happening in the treasury bond and treasure but no boys and girls But nobody sees it and that's the big problem because one of the quotes that Musashi talked about Was perceived that which cannot be seen with the eye and I am the blind man Remember in the in the man in the land of in the land of the bland the land In the land of the blind the one-eyed man is king. Well, I'm going to be Say one more quote from Harry Callahan inspector use San Francisco police department know your limitations And now I'll get on to some of the markets. Okay, let's take a look here at a few of these things that I want to talk about one of the things that About being a traitor and you know losing and stuff like that. I want to post this one because this is my favorite quote by I'm in quotes today folks, you know, I've got lots of quote books. So this is what I'm going to try to do make it Little different. Let's take a look here. Marshall You're the only one that likes me and laughs, but I appreciate it now You'll notice it. This is from night from October 1941 Winston Churchill will say he said never give up never never give up the actual quote was Never give in never never never never in nothing great or small larger petty Never give in except to convictions of honor and good sense this is when right in the midst of the really bad fighting between Germany and And the UK so if it weren't for Winston Churchill, everybody over there would be speaking German. Anyway, okay Let's take a quick look about the the market that is rocking and rolling By the way, we talked about open interest right boys and girls. Let's just remember we talked I have posted this chart and one other one just like it every single day for the last week or more This is when we look at that big area between 2016 2017 2018 2019 and I said if we get above 1365 in the gold it's going to be running like a stripe of deer and That's exactly what it's did folks I mean, it's just been it's just been a big move I mean, there's nothing you can else you'd hear it look at this folks on the monthly chart going back Let's just go back a long ways here. Just take a quick look at it There look at this look at this it hit it one two three four times and now we have popped above it folks Look at the correction that we had between 2005 the low is actually 200 230 dollars an ounce and in O2 because I remember Tom O'Brien Buying that down there at that point and then you know the high we made back here. You'll see at 1932 per ounce that was in August of 2011 folks open interest was dropping like crazy I was in Hong Kong at that time and I was telling people that this is not the time to be buying the gold because the people had left the Restaurant there was no more food and that's what the problem is here now now we've broken out here now What do you think happened to the gold market? We're gonna have a little test here today When we get back eight seven seven nine two seven six six four eight The Taz profile scanner is the most revolutionary piece of trading software that you will ever try Wouldn't you like to approach the markets with confidence as you begin your trading day? It's likely that you'll be faced with lots of decisions in order to make the best decision The first thing you'll need is a strategy that will help you minimize your risks Whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets Before you trade the Taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve Dahl President of Taz market profile the Taz profile scanner Understands that in today's technological world the use of top-flight software applications automated trading algorithms and technical analysis Expertise is essential to successful trading in today's market whether you're looking at the trade matrix the ETF Heat grid the market breadth the landscape charts or the many other features of the Taz profile scanner This is a piece of software that will revolutionize how you look at the markets and set up your trades The team at Taz has even put together a 12-part video series to walk you through Every aspect of the Taz profile scanner which you can find directly on the Taz order page at TFNN.com sign up now for only $97 a month with a risk-free 30-day trial So you have nothing to lose and everything to gain see for yourself How you can harness the full power of the Taz profile scanner by visiting the front page of TFNN.com Today and you'll find the Taz profile scanner under the services section remember with a 30-day money back guarantee You have nothing to lose don't let another day pass you by without trying out this amazing piece of software that will Revolutionize how you look at the market and how you place trades sign up today Many of our new listeners have heard about the Tigers dead the Tigers dead is a lively community Where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere hear all of the TFNN shows Plus see all the charts as they happen live and have access to archives of all of those charts You can test drive the Tigers then 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 Tigers then or on 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 Tole free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks ask the question before what happened to open interest in gold on this Breakout not the breakout last night But the market that we had last yesterday when we had a big big jump after the Federal Reserve We got up to 13 but about about a 13 60 and change we hadn't taken out the big highs yet That was done after the market closed Folks there was a huge increase in open interest in gold yesterday not in silver. Nope not in platinum. They were flat Big interest in open interest in gold 2% now to put that in perspective for just a second And that is 2% if we had a 2% increase in the treasury notes The largest of all contracts traded at Chicago Mercantile Exchange almost 4 million That would have been 80,000 Contract increase, but did we get that on that breakout? No, we did not We got it at minus 61,000 Folks the people are not coming into that restaurant right now. They've got their bibs on there's not spilling anything But boy be careful now. Maybe it is all different this time and maybe after all these years are looking at these markets You know, I finally Reached my limitations as Harry Callahan would have said but frankly I got to bring to the dance The song that brought me here and that's the one it is. These are contracts folks for every buyer They've got to be a seller. I don't care whether it's the Federal Reserve or who it is Somebody's got to be in there buying those and somebody's not buying them. They're covering shorts But they're not adding now if we come in tomorrow and we have a big increase in open interest I'm not eating any more crow because I'm out of that market I gave it one little shot up there at a very very small amount and when it didn't work I moved on to the next words David, I love this thank David white is going to be our guest here at the half hour to talk to us about this new Um In the IPO that's coming out that one of my favorite quotes from sir john temperton the most Dangerous words and investing are it's different this time. Yes I have to agree with that one of my favorite books and I mean that with great sincerity is a book by bernard baruch called my own story It's autobiography and he was interviewing Fanny brice the great actress at the time she was equivalent to Elizabeth taylor and she said to him, you know, mr. Baruch, you know, how do I how do I make money? And she he says well you buy low and you sell high and she said that sounds simple enough How do I do that? He said you have about 40 years that you could spend with me And that's it and then she said what's the stock market all about mr. Baruch and baruch said the greatest scam In the stock market. It's really quite simple We inflate prices to the highest possible price and we get suckers to buy it all the way down And that might be true. I don't know but those are some of the quotes of that book that I that I really really enjoy folks one of my very very dear friends and one of the best traders that I ever met was um tom hugard. He's in the same class as Frank tausher and uh, you know gosh darn, I tell you he's just really good. Anyway, uh, his his method of trading Is based on volatility in other words when that move happened in gold yesterday You know as it broke out to the upside he just kept buying buying and buying and it just kept going And then by the bang by the boom, you know, there you were by the way We had a terrific show yesterday with shane's mullion on the air And he poised some really great stuff to say, you know Get ready because the feds really getting ready to pump this puppy And I think the pumping the puppy is what we've seen big big increases in Fed juice and uh, looks what's happened. It's had a heck of a run here And he's saying it could be very times. It's um, it says larry every time I think I've heard all your stories You tell me new terry. I just make them up buddy. You know, none of this stuff is true It's all fake news. Well, that stuff about baruch was And the stuck this stuff about the open interest was but uh, you know My grandma used to tell me once when she was feeding me oatmeal learning me how to trade when I was there in four and five years old She says just remember if you tell the truth at 10, you won't have to remember what you said at two So I've tried to go by that most of my life, but uh, I do have a tendency to embellish the Some some of the stories that I tell but that's just that's just me the overall part of it is still pretty Yes, we're going to have shane on again. Everybody just absolutely it blew everybody away But boy, do you talk about somebody that does so much we'll be able to see Shane just skyped me just a second ago telling me that gold looks uh higher into tomorrow So we'll see what's happened. We got up to 13 97 last night folks. There's a big 1.618 up there right around 1400 But boy, this thing looks good with that big big increase in open interest of 2% at well over 10 000 contracts And that was before that was before they broke out last night. It didn't break out last night until around nine o'clock um A new york time well, it's maybe a little late maybe at 7 30 o'clock in new york time We had already started, you know popping up pretty good. So That was another reason to see and so far it's had a 20 correction already folks You know, it's just been very very good. Yes, I appreciate the positive comments about shane because folks I always believed that sometime on my bucket list. There's going to be something from the CNBC in bloomberg about the financial cycles It'll come from somebody like shane who has you know is a physicist and stuff but you know MIT and de shaw or renaissance somebody like that will come out and say well, we you know One of the biggest of all is dr. Andrew low. He's already wrote a book about You know that the evolution of technical analysis the first 50 pages he attributes the first technicians were astrologers And you know they use mercury and all that other stuff. So I don't know that's all I can tell you All I know it was sure it was sure interesting to watch that last night because you talk about a different approach To what the markets are doing and how the fed comes in and does these things It's it's really hey, this is the plunge protection team in in In living technicolor boys and girls. That's exactly what it is. So Anyway, that's what we're we're keeping a close eye on I want to we're gonna have david back on Yeah, can I get dr. Low's a guest? I can't even get him on the telephone I spoke to him once he bought a couple of the astrology books and he asked me, you know One of the programs that I was using which was alfie lavoy, but uh, he's a really nice guy. He's just extremely busy He must have 50 assistants all of the books that he writes are basically co-authored by these assistants and I you know, but he's he has a three billion dollar Hedge fund that gives all the profits to cancer research for women and it does extremely well He's one of the most reputable people on wall street and most of the quants come right out of mit from dr. Low's Financial engineering a group where he has a chair and probably right next to Basil's chair there at mit there in boston and if anybody deserves one it would be basil I wanted to show you one of the one of tom hugard's friends that just did a This is an actual statement folks. I happen to take a look at this. I was asked to take a look at it But this is an actual P&S statement and you notice that the person put a balance in of $7,000 you can see the profit on the account was 135,000 those are pounds folks Not dollars and he took out of almost 16,000 pounds with 100 went 126,000. This was three days ago And this now one is He's up well above 200k In pounds and so and the way they do it and I I'm gonna I'm gonna try to you know to do a seminar They they offered to tell me and they did I mean because the tom was one of my dear friends He said I'll show you exactly what we're doing. He said I have no problem I said, I know why and I he said, yeah, well, whatever eight seven seven nine two seven stay tuned for david white Larry pesavento has just started his brand new service fibonacci 24 7 and he's already delivering content to his Subscribers on a daily basis when the markets opened and even on weekends each Monday You'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out And throughout the week when warranted Larry will send out via charts or videos or both The key markets that he is watching during the day This will be up to the date active trading information that will help you in your daily trading in larry's first week alone He sent out 25 charts six videos and a full report to his subscribers in just one week If you're a technical trader that uses patterns and retracements to trade then larry's service fibonacci 24 7 is something that you must try right now new subscribers can get a full 30 day money back guarantee With nothing to risk sign up now to larry pesavento's fibonacci 24 7 by visiting the front page of tfnn.com under trading newsletters 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 chart 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 guardleaf 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 Okay, we're back folks and we're gonna have on our guest to now is David white mr. Google himself David, how are you? I'm doing fantastic this morning And a couple things I wanted to talk about And the first one is an IPO Which is not really an IPO going out today, which is slack I've been talking about it for a while If anybody in the den Uses, uh, well they have to use hotcom To talk it's kind of a version of hotcom for hardware and software developers and people that Create things Was say that you wanted to build a plane and you wanted to get all the different people From the engine department And the jet engines to the people that make the skin of the aluminum Or programmers that are writing a lot of different parts of a bigger program together It is a great way to collaborate With different rooms and it's kind of a little different hotcom Was designed for stock traders This is more designed for people that are creating or building or Manufacturing something to the point of getting it To the manufacturing line the development of it all Uh, and it's more like lego where you have different things you can plug into it Instead of one size fits all a lot of different Companies write different kind of plug-ins for them to use it. I've used it for a long time I've sung its praises. We use it on the back end For me to talk to the producer at tfnn headquarters So it it's something i've used for a long time. In fact, I ran a big room In it for machine learning for a A version of machine learning from microsoft until they decided that they wanted to create their own room And wipe me out by taking out all the people from the company and moving them over there, but uh It's quite a very nice program But it's not an ipo in the traditional sense. This is called a direct public offering And a lot of people won't know the difference, but a dpo is taking All the shares that you have as your private And just saying today i'm public There's no underwriting by all the wall street folks Uh, there's no supporting your stock with bogus upgrades and huge amounts of hype Because of course they have the people on the street are going to have shares that they get in fact a lot of times This is about 16 billion dollars That will exchange hands today But part of that is normally in an ipo that you can't sell for 180 days or a year there's some kind of lockup period Well, there's no lockup period And if uh the street wants to short every single share today they can So it's kind of a much different kind of thing going out the door And lastly for this company it is much like Facebook and that it doesn't matter if The executives of the company go out on a murderous killing spree You can't remove them There is absolutely you have zero rights as a shareholder. The only thing you can do is short it or dump it so It makes me think a lot of Rather risky ipos around the dot com phrase And also the biggest competitor is microsoft with a thing called teams That does something very very very similar So i just thought everybody should know about it because today the That we've got jim kramer out there pumping it So we know that we're going to have probably the people that are uh less able to take rather large swings Playing in the pond today The symbol on it's going to be work W-o-r-k The wall street must not like that Well, it will probably cost them two and a half billion dollars because they don't get time out of this going public Oh So you always wonder whether or not there's a certain payment or give it bad press Um, there's enough worry to go around but uh at twenty six Dollars a share, which is the way they're saying this thing's going to go out this morning. It's worth 16 billion dollars But uh, you know the things I hate about a lot of new ipos are that you If the if the you know if you get into a bad situation on it There's literally no way to run the management out of the company same thing with uh facebook Uh, we could find out he was a trader selling All our secrets to mal and literally it would take two years to go through the court to get him removed as an executive if He was literally in jail So You know the a lot of these things you just want to be very wary of But to me, I think we're going to get a very interesting View of the market and how much euphoria there is on this bounce this morning because again You can short this it will The insiders can sell all the shares today if they want Uh, and the question is what is everybody going to do but I think it's going to be kind of a window Into what's going on in the markets Wow Google have you ever done this before? There was one that was kind of like this and that was spotify the music streaming site Oh, yeah, yeah, yeah But they had a they only put out about 10 of the shares Everything at this one is open There's there's going to be 16 billion dollars tradeable on the float at 26 billion Market cap so like I said, this one's kind of uh spotify was Was one that they put out there with just a few amount of shares In the float, but this one apparently Uh, gonna go whole hog the first day So watch for fireworks in this one I would imagine that the financial infotainment cable stations are going to be talking about this left and right I did want to get into one other thing. Um That since you spent so much time in hong kong Was these new laws from china where they can extradite anybody they want And I didn't know if you'd heard much about it or the people that you know over there are talking about it But it certainly looks like china's putting its thumb on hong kong And I didn't know if you had anything to say about that I know Sarah's watching it quite a bit because it's you know a lot of people out there There's they say two million but it's closer to half a million but half a million people in that small little area You know that's a lot of people they block all the freeways and you know the traffic's there's not the You know not the greatest anyway, so it is kind of tough, but uh, I don't know much about it But you know, I I think those folks are there better be careful because you know china carries a big stick over there They could shut that down in a heartbeat all they could do is a couple you know big ships right in front of the You know the south china sea there where the channel comes in in hong kong's history You know, but they're not going to do that because you know, they got all their money That's how they take their money out of the country is my guess But you know, I hey, you know david one thing I know for sure I'm the last person that anybody tells before any of this stuff comes up that much i'm sure of Well, that's good. Anyway, I just wanted everybody to know about this dpo And if you're playing it today, just be very careful because when kramer starts talking, you know, the rubes Going to be around. Yeah, we're going to have you back on next week to see how this thing's trading. How's that? That sounds good larry. Have a good day. Okay. The symbol is wrk. We'll be right back folks eight seven seven nine two seven six six four eight 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% 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 would like more information about the tiger first mortgage program You can call me at 877-518-9190. That's 877-518-9190 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 8 for each open trade new subscribers get a 30 day money back guarantee So you have nothing to risk for all the details and to start your gold report subscription today Visit the front page of tfnn.com. Don't let gold's next big run pass you by sign up today Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily s&p 500 bull and bear leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus And summary prospectus call 866-476-7523 or visit direction investments dot com A fund's prospectus and 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 for side fund services llc the bull bear binary option hour next on tfnn It wouldn't be right unless we talked a little bit about the euro folks. It's held up relatively well here Uh, we'll bring this up here. You can see that we did hold that uh 61 retracement level Uh, let's get someone someone someone said that uh, they don't own any gold. Hey folks, you know Some one of the subscribers emailed me last night and asked me if I felt bad that I missed this last 40 dollars In gold because you know, we made 70 we bought it down there at 72 We got out of it at roughly 40 to that's 70 bucks folks. I leave so much money on the table It's amazing. I leave more on than I take off But that's the hardest thing to remember those four things, you know A fear of leaving money on the table Please get rid of that fear folks That is that is that's the silliest one of all the four fears Because the only way you don't leave money on the table is if you get the low tick or the high tick And that doesn't happen very often So just keep in mind that that's it. It's uh, you remember the old what grandma used to say When you get out into that swamp, you got to kiss a few frogs before you find a princess So remember to do that but the euro has held up relatively well We ran into a little resistance up here today Up at this 113 level, but frankly it came out of here like a rocket And a lot of a lot of a lot of support down there at 111 80 Yeah 111 80 and 110 80 that we talked about and the dollar index doing exactly the same thing We broke him below that key support. You'll see what it did today or yesterday Has already reversed and came back below that so that's telling you that the uh, the situation has changed a little bit now I'm sure it's all related to what the federal reserve is doing But I'm just looking at the bar charts folks that all I can tell you I will keep reporting on this open interest because If it is different this time, it's time for old larry and the old Walter the burrow to head out into the desert because if they don't keep track of the buyers and sellers They're going to be the same fellers and that that isn't going to be good That means someone's getting there manipulating and that's not the way these markets operate I know the federal reserve can do a lot of things but they can't do it for You know forever. I mean, you know, I I know they keep dumping this stuff in here And I know we've gone to you know, 22 trillion dollars or 98 trillion whatever it happens to be but someday And I don't know if it'll be in my lifetime or not Popper is going to be there to pay the price. So we'll have to you know, just do one thing at a time One of the questions someone's popped up here is about the The books on psychology that I looked at folks. I started doing that back when I was in School there in Terhode, Indiana. We had a guest come in Well, this is what I was doing my master's degree at IU We had a guest come in named Uh W clement stone who was a partner with, uh, napoleon hill who wrote the book Of course, uh, that everybody knows and what we I was fortunate off these guys were so nice They invited us college students to come up to chicago and visit them And I I know they did that with tongue in cheek But a week later we were there four of us drove up there We went into the combined insurance company there on michigan avenue And we walked in totally unannounced and he was so gracious to us Think and grow rich at w clement stone. Yeah combined insurance and uh, they they had us to lunch in the executive dining room and stuff and I had a signed copy of think and grow rich that I still have But that book changed my life folks because uh, that really got me thinking about things and then and then later back in 1980 85 I met uh, Tony robbins when he was just getting started and was introduced to neurolinguistic programming And I did all that stuff with walking on fire. I walked on fire four or five times With him and then I did it several times with somebody else Dr. Richard mccall And that that's not a big deal. I mean you'd think it is but this is really hot stuff I mean these are hot coals and you just literally, you know, walked 20 30 feet across it and if you if you do it right you're not going to get hurt But if you don't do it right it burns And some people got burned. Anyway, let's uh, that's neither here nor there. I I like the the work of anthony robbins neurolinguistic programming I keep it here on my little eye My little I think it's called an ipad or whatever it is. It's a a little tiny thing about one square inch It's got 1,100 albums on it. I don't even know what they call this thing But it it's got all of them in there and I listen to certain ones that I that I like to listen to But that helps it with the way I start my day is basically from a few positive things that I got from Mark Douglas really simple things and one is that, you know, I don't know what tell is going to happen tomorrow or the next day Whatever and I got to remember that and so what I have to do is, uh, you know to try to get in and You know do the best I can and you know, not You do not risk very much, you know, and that's it. You know, you just got to You know pick your pick your best spots and sometimes they work and sometimes they don't and you're going to miss a lot of them And that's uh, that's the main thing if you didn't miss a lot of them. This would be a A big different story. So that's it. I I will I will share with you the things that tom and his Friend are doing because they're they're more happy to do that. Yes, uh, zig ziggler was really good He was a sales. This was a sales one zig ziggler is I did him and tony hopkins I did all those things, you know back in the 60s and 70s and uh, because I was really interested in the mental part of that It was uh, it was really quite quite a lot of fun. But then I got into Buying silver and boy that was really easy shucks. How do you do that? You just buy silver He goes up four times and you sell it and make a lot of money and you're dumber than a Warthog and a pin but got lucky. That's basically I've been lucky my whole life so That's that's neither here nor there One other question someone's asking that is about the silver folks. The silver has not quite made the abcd love level up there That comes in at around 1550. We got up to 1541 Backed off just a tiny bit. There's a beautiful abcd pattern there that I'll Probably post on the show tomorrow and tomorrow boys and girls and tomorrow boys and girls don't miss the show Because we are going to have Mr Cycles himself cycles research Bill meridian he is in new york city the big apple and he's going to be on at 9 30 tomorrow Giving us his chat on what gold is going to do and if you remember The last time he was on about a month ago. He said what's the yellow medal? Watch the yellow medal. He said it's going to go higher Luck is where preparation meets opportunity That's one and luck is where inspiration meets perspiration I think those are some of the ones that I remember from those books, but uh Yep, hard work of stuff and that's why trading is tough because people just don't take responsibility They don't want to do the hard work. My favorite quote is from 20 men defy human nature Do the work yourself and that's why tom hugard said I don't mind Sharing anything we have because no one's going to do anything thinking they're doing anything with it They're too late. They're too lazy to go on and do it and prove it to themselves until you prove it to yourselves folks It don't mean diddly squat, you know, hello Judges ruling, you know, that's it. You got to do it yourself And that's the way it is from here at tfnn here at uh In st. Petersburg, florida in sweet 618. Oh the sweet 618 was in Clear water. I always liked that sweet 618. That was pretty cool. By the way, um Yesterday boys and girls was my would have been my father's 100th birthday. Of course. He died 40 years ago, but uh It would have been his 100th birthday. He was one of the smartest people I met But never had never went past the fifth grade. But boy, he sure was smart He could speak four or five languages and could do calculus whatever whatever I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm steve roads 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 and 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 and what I do sign up for mastering probability today by clicking on the newsletter tab on the home page of tfn.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 If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up to date Affordable and a must-have for every trader looking to gain a competitive Informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors 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 tfnn.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 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 All right folks, we're back and I wanted to give you a good story here One of my very dearest friends was j cross who worked for commodity corporation and name is hostetter After he got his degree in computer science from usc Good old memphis boy, and we were really close for many years. He died Many years ago 1995 and we buried him on this day In 1995, but one of my favorite stories. We were at mcculloch oil building It was early in the morning and we had been over at ships for breakfast And we were just coming across it was around seven o'clock in the morning And there was a car on these little tiny hondas when they these were smaller than the This was 72 73 these were smaller than the little mini coopers, you know, so this Young girl was stuck there and you know, it was blocking traffic and everything And so a couple of us went over and we we moved the car out of the way And she worked in the mcculloch oil building For one of the attorneys and so after we moved the car and everything we were walking upstairs with her and she Got on the elevator and just started to cry and you know, she was telling us how everything had gone wrong You know her ex-husband was not paying and now the car had broken down and she didn't know what to do And so she went on to her office and jay says come on and I says, where are we going? He said, I don't worry about it I'll tell you so he hopped in hopped in his brand new Mercedes. We went over to Century city and there was a haunted new Honda dealership right off of A pico boulevard and he went in and he bought a brand new Honda 1973 paid $1995 for it and he told the guy to deliver it to the mcculloch oil building and take the keys up to 18th floor and give him to her and that was it. He never Told her who he was or anything like that and what happened was the attorney came into the mcculloch oil offices Later around well one o'clock in the afternoon and was saying who what's going on here? What are you people doing and of course roya was the office manager and he just laughed He said look give her the card forget it, you know, that's basically what it was That's just the kind of guy. He was he was just had a heart of gold and I try to learn from that I can't I can't don't give $2,000 cars away, but I do you know what I can't anyway folks Take a look here at the possibility of short crew today Bill meridians give me a heads up on that today. So keep an eye on that 877-927-6648