 Let's get over to our man, Mr. Tim Mordes. We do every Tuesday and Thursday folks And don't forget you can get hold of Tim every trading day at odd or D hyphen oracle or CLE Dot-com that's odd hyphen oracle dot-com Tim has a great newsletter. Go check it out Tim. Ord. What's going on brother? Well, we get that we could talk about the gold market or we can talk about the equity market first You choose let's talk about the gold market All right, there's something really interesting going on here and It actually has for the last Let's go to chart four. Okay And this is a real big big view. Yes, and the middle the middle window is the Yeah, the monthly XEU gold ratio, okay, and it takes the high of 1996 I drew a line on that ratio from the high of 1996 and do it all the way down the current time frames, okay? and so And if you notice there if you look at, you know, 2022 to 2024 The XEU gold ratio is kind of just trending down right against that trend line right below it. Yes Yes So anyhow, we're gonna go go back and forth here a little bit, okay But I flipped to chart five. Okay, and Chart five now. This is a weekly chart and that line that I drew from 1995 high down That's that red dotted line. I see that okay Okay, so okay. I'll stay with me here. Yeah, so anyhow So, you know, we're basically just going down on that that line and Okay, this this the bottom one of the XEU the middle window of the XEU gold ratio Yep, and right above there that ratio is the RSI for that gold ratio Yes, and this is a weekly time frame So anyhow what I point out is when the RSI of the weekly XEU gold ratio goes below 13 turns up You get a bi-signal and I circled in blue. They're white bicycles going back to uh, it's like about 1930 or 2013 and we just got one here I Don't know February or February March. Okay that time frame. You know, so it's going up like it's supposed to and What's going to happen here? We're gonna run into that trend line going back to 1995 Yes, and I said on your show at some point the minimum When you get a bicycle from this ratio, the minimum went up was point seven point oh seven, okay That's the minimum it went to well if we go to point oh seven we're breaking that line going back to the 1995 and so That's that trend lines extremely important. Oh, yeah, and that it's it's such a long trend line and So things are about to happen here And I think that trend line probably going to break, you know this year and if you go to the bottom window It's it's the XEU and I got another Weekly XEU and I got a blue trend line on that also we're up against that trend line right now And I thought you know And the signals When the RSI of the weekly XEU gold ratio gets a signal the minimum duration of the signals are six months That's the shortest Sometimes they'll go a year or two, but yeah minimum six months What takes us into you know September of next September of this year at a minimum a chance is all we're going to break that trend line On the XEU chances are we're going to break that trend line on the weekly XEU gold ratio, right? And so so when you break a trend line, you know if you remember Weisskopf You know the longer the trend line the more the more significant it is when you break it So and there's no bigger trend line going back down on the XEU going back to 1996 So I'm going to what I'm saying is this is probably changing a big character of the market You know this market really hasn't done anything Other than maybe a year or two rally since 2016 so I'm thinking we're lining up something bigger than that that's probably going to be in the vicinity of it like the 2000 type bottom which you and I were back there doing it. Oh, yeah It was it was so there's so much having a big major trend lines And they're they're not just going to bring you know to break him You're supposed to break him with the sign of strength, right? So that means big volume big volatility big, you know, whatever so I think and this is going to happen between now and September Yes market just holy goes dead here goes up a little bit kind of goes sideways You know, but we've been moving kind of sideways since 2021 we have on the ratios and on the XEU. It's time to do something other than You know, it's time there's time now for due of an impulse wave Yes, and you know Tim, I'm showing I just put another chart up myself with this XEU And you can see folks. Okay, the last, you know, Tim was on the air We failed the last time we get up here man the last time just went right to the well Last time we went to the line. We gave it up time before that you broke it gave it up time before that broke It gave it up time before that just hit the line. So you can you can see just how powerful this trend line actually is That's pretty amazing man. Yeah. Yeah, it is. I think it's amazing. So stay right there folks. Tim and I coming right back Welcome back folks. So Tim or Tom or Brian. We do appreciate your growl and a problem with us out here We have the Dow 107 Nasdaq's up five. That's the P's are up 12 and a half And you know as I said some of our tigers and tigers as they're talking about in the den We are only a hundred and thirty two points away from forty thousand Dow industrials And it does look like they're gonna run it into the clothes the S&P's We just went up about the seven points in about two seconds. So pretty wild We're talking I'm a Mr. Tim or and we are talking the gold market right now in the chat that I got up Tim I still have that XEU gold ratio in the middle and then the week of gold in the top. Yeah All right, let's go to your chart six. Okay God This is just a Less messy chart. Yes. So you can kind of really see it for your your audience anyhow That's that red. This chart goes back to 1984 and I drew that trend line off the high of 1995 wherever that is okay it down and you think and I circled in red where we are right now and We're just you know the bottom windows of gold market monthly gold We already broke out on that of that head and Schiller's bottom. We already started up. Yes the gold stock haven't performed yet and Because that ratio needs to start going up for the gold stocks When you know the gold stocks are out performing gold this ratio is going up Yes, so far the the ratio hasn't gone up yet, you know, you know, I don't mean to interrupt him But you know, it's really cool So royal gold Tim and folks is a stream a stream is specifically you know bottom line they work like a bank and What I've seen that some of these equities Tim right will particularly yesterday So normally when the physical gold market is strong the stream is Or even stronger. Well, that hadn't happened until yesterday So picture this the picture we're having real gold folks real gold closed the day before yesterday at 109 Well, it's 121 today this thing took off like a rocket ship yesterday went up like $9 up another 247 today, so it's like where did this come from so that was and the same with Frank on Nevada FNV Now Frank Frank on Nevada didn't go up. It's high, but the bottom line is that yeah Well, it's up another buck 80 today. It went from let's see. What did we do here? Yeah, we went from 113 to 119 and 48 hours, so this is getting intriguing. Do you know what I mean Tim in general? Yeah, yeah, that's what's what happened at the 2000 low. There's kind of pockets They were kind of just exploded. I'm thinking that's what's going to happen here So this is you know, this is very rare You know time in history that we're setting that you know, you know, yeah, yes This is like 2000 that mean I agree. I you know the we have a huge deficit you know A couple of the numbers folks out there in the deficit are huge now we have plenty of assets too So I'm not going to go down that rabbit hole just yet, but the bottom line is that we do have Huge amount of debt out there and what gold is all about is debasing of currencies in general Do you know what I mean? So we'll see where that shakes out But it looks to me as just as Tim is saying that this is pretty extraordinary Well, you know, it's extraordinary Tim is that the doll is still up man and the doll up You know, this is the dollar index and it's like, okay You know the correlation is Direct folks, okay higher dollar gold's normally low. Well, guess what the dollar Just went from look at this move. This is crazy. The dollar just went Yeah, in the last 15 days from 102 to 104 44 And that's when the gold contract normally gets killed So, you know When I'm looking at this Tim My my take is that the dollar just tested the last high out here. I think it's going to give it up But that's pretty incredible what gold has actually done with that dollar, you know going up also Yeah, yep, I totally agree with you. So I so I don't know. I think you know This is unusual type thing going on here, but it's it's worth but you know So, you know, that's what we are right now as we're talking. We still haven't broke that line, right? Let's go to chart number seven real quick. Okay, and this this is actually a real time This is I didn't have one on the XAU which it did But this is the h ui gold ratio on the monthly time frame Yes, and it gives buy and sell signals. I show this chart in the past Yeah, and it just measures, you know, when you're above the mid-bolinger band You're an uptrend and when you're below it, you're in the downtrend so far this ratio Huy is similar to XAU. Yes There is differences, but anyhow that that ratio needs to get above Um the mid-bolinger band has been below the mid-bolinger band Since 2021 so that's over three years ago And the gold stock's been, you know, so it's due I guess what I'm trying to say it's been down for three years It's due for an uptrend and so hasn't done it yet But you know, but I got other bicycles on other methods Right, uh actually starting back in august of last year We talked about the market performed a little bit, but kind of just came back Didn't really didn't break new lows because I think in the october 2022 low On the XAU or gdx or huy is an important role. I doubt that low will be even tested And it won't be broken. That's my view right now And we're already seeing the bottom and we're in a sideways consolation And what comes next is a great big impulse wave And I think it's going to be a big impulse way similar Does is 2000 Because we got a lot of longer-term trend lines are going to be broken here Yes, and when you break the long-term trend lines, you're not talking about You know weaker two of rally you're talking multi months. It's not multi-year type things And when tim's talking about the you know, the how the market was set up in 2000 folks It was set up the same ways that we're talking right now. I mean The gold contract itself was a little bit different because it was been in his 20 year bear market But the lines that we're talking about They were there And once they were broken you had an expansion of price that was phenomenal And if you haven't been in the gold market as to see an expansion of price Well on the upside on the downside, okay in this case we're talking about the upside It is substantial and it is fast You know, yeah, I remember I had one bgl We way back there now it was around 25 cents 30 cents where went to 15 dollars in three years Right, and just and that wasn't the only you know, best one. There were penny stocks Oh, listen remember court of lane court of lane. We lucked out in court of lane too court of lane was like 25 cents when I bought it a 30 cents or something and that was before it blew up folks But court of lane did the same thing. I mean, yeah, it was pretty amazing, man so So I'm thinking there's you know, will this develop, you know, if you break that, you know On chart six, we break that down trend line that got circled in red there, you know, big things Are supposed to happen. Yes. So Will this time be different? I doubt it You know, I doubt it too. We're going to break that trend line is It's going to be something that we haven't seen for a long long time That's a beautiful thing say right there folks tim and I are coming right back We'll come back and we'll talk about the s&p. We have the dow up 71 nasdaq is down Nine s&p is up six and a half. We're coming right back Welcome back folks tim more tumble brown We do appreciate you carral and a problem what it's out here and folks And tim we got a chance tim when you get off the air Take a look at an eco eagle the symbol is aem And the reason that I'm bringing this up folks, okay, you know, what does happen We know tim is that some equities will break out sooner rather than later, right And I just put this up on a monthly basis tim And one of the trend lines that we're talking about now this one here was like a triple top But the bottom line is on a monthly basis man. This broke this thing with conviction It has wide price spread has accelerated volume the stocks trading 59 And that high that it's going to go for now is 89 And last month it was 48 So my point folks is this is you're going to see more of this And you know you get leaders you get laggots. That's the bottom line. So pretty cool, man Yeah, I'll take a I take a look at it. I'll uh That's what's just happening, you know the you know that the generals I guess will lead the soldiers And so there may be breaking out, you know, I've got some stocks that Are looking really good, but they really they're built just they're building cause for the next move Right, so they're going to trickle down. So, right, but you know, so let's go look at the s&p's here Okay, good. Okay. Go the s&p's I'll go to I have the first shot up here tim. Okay Yeah, first one and it's a monthly chart And uh What this works pretty well last, uh anyhow, when you close when the 50 when the The the spread or the high and low Um, you know, it's 50 percent of the trading range closes above the upper bowlinger ban on the monthly time frame Usually the next month is a sideways month. It's not a down month And last month we did close 50 percent not quite By bolded were above the upper bowlinger ban. Well this month We're way above it. Yes. So I'm still thinking we're gonna we're not really I'm not bearish here because bigger trends are up. I think ultimately we're going to least see 5700 Before the year is out and that's about 10 higher than where the current prices are But our short term basis here, you know, if you look at march You know, it looks eyeballing here. It looks like me. We're about 75 above The upper bowlinger ban part of the trading range goes. So I still think we're gonna see Some sort of a pullback, but nothing significant right because the top or the bottom window Is the spx vix ratio the vix Starts to go up before the market makes the top and that hasn't happened here The vix is making higher highs as the sps are making higher highs if you notice back in the uh Top of 2021 the sps are making higher highs that ratio is making lower highs So I'm just saying we're probably going to have a minor pullback I still think we get back to 507 on the uh That's the spy 507. I think we'll find support And I think I probably I thought it might do this week But I think next week's probably yet and we pull back and uh, we'll get a probably a mid month bicycle And we'll probably rock it back up make uh Continue up higher but but our short term basis here If if you ever bought when said five percent of the month of the trading is above the bolinger band Normally, that's not a best entry to get into so I think there's still a pullback here So and we we still have that big gap that's laying out there and what 497 So that's good. Yeah, right around 500, right? Yeah, and that'll feel like a monster pullback by the way folks Yeah, we could hit that so let's flip to chart two. Okay Yeah, the bottom window is where all the energy comes from. Yes, and uh, there's only a two day trend 10 day trend is actually neutral. It's not giving a lot of information. Okay, it's 0.99 So it doesn't really give you information either bullish or bearish. It just stays neutral But this one on a short term basis pretty good. We got up to 1.3 or close to 1.4 here uh, you know few days ago and uh, the market You know kind of rallied Into what we're doing now, but now it's back down to 0.9. Yeah, that's not ideal. Especially a two day You know, so if we get a little fear In the market, you know, I'll probably end with a buy. I thought we might go down 507. Maybe we go down to the gap of That 500 area. I'm not sure um Yeah, because the trend what the trend did yesterday folks even though the you know, the it was only a 0.70 Today's we're dealing 0.90. So for a market that uh, Well, I guess coming into the close was a lot of buy-in that's what we saw there with the 0.70 because that's definitely low You know, let's Yeah, that's a low arms number. There's no doubt about that right And we you know a lot of times around holidays a lot of times if you go yeah That's a lot of times the volume drops off today's volume is is going to be fairly light And either you're going if you're going down to the holidays use you a bullish time You're looking for is normally a low if you're going up into a holiday Yes, no a lot of times are high And I like bring this up a lot Because it's but somebody did run a full moon analysis on the market Yes, and when you do have a full moon That was 60% of the time the market does reverse around a full moon If I did statistics on that what I didn't do it But we got a I don't know when the full moon is but we do have a eclipse A solar eclipse. Yeah on an 11th Yeah, and and so I'm thinking The last one was what 2017? I think it was yeah, I think it was a long time ago. That's for sure. Yeah So I'm thinking with all that combination. I still think we're going to get a pullback You know next week or so nothing significant. They're just going to allow me get back into the market and go higher Uh, flip the chart tree real quick. Okay And we talked about this, you know, I had a big long chart going back to like 2020 And it's really hard to see but my point is On this chart, this is a weekly SPY chart in the top windows of the rsi And I always said when you when the rsi gets 80, you know, it's 77.85 when I did it But a couple of days ago it did reach 80 And every time it's done that that's not the final high You may have a minor pullback or so I see but the market will go back up make higher highs And the rsi will start dropping down So we got a long ways to go on this market. Yes, my point So, uh, this impulse wave that's going on right now is going to continue pretty amazing, isn't it? Yeah, yeah, so I got out of the market. I wish it kind of stayed in but I still think I get a good chance probably get in next week No, I agree too and as Tim has and I've been talking and you know This momentum folks is unbelievable. There was no doubt and guess what to stop momentum. There has to be something big So I don't think there's anything big on the horizon just yet Um, now, you know, plus this is an election year. Yeah, you know, they're not going to kill the market going in an election year So my opinion there's bigger forces out there and Then uh, spinning out those those, you know, the big the big trender is up the short-term trend I think there's a good chance we'll get a pullback I thought might be this week, but I still think it's probably next week. We just don't have The panic in the market to really drive it higher Oh, you know, so we a little flap in the face to get the trend a little bit higher Yeah, and hopefully get the 10 day trend. Maybe we get lucky get it back up to 1.2 again That could lead up for a multi rally But at least the two days should get back up to around 0.3 point and what did happen in 2000 folks that tim me Plenty of traders did not know is that gold and the market can go up together That's the bottom line Hey, hey, Tim, you have a great Easter a safe Easter and we look forward to speaking the next Tuesday All right. Thank you. You too. Okay. Stay right there folks to come right back