 Let's go over to our M. Mr. Teddy cakes that as we do each and every Wednesday at 40 past the hour You can reach Teddy every trading day folks at 4x dash trading dash unlock calm That's 4x dash trading dash unlock calm Teddy cakes that what's going on? We got a lot of volatility in the US dollar today actually this week so far there's no doubt man So, you know, what do you think? I mean it jumped in that higher trading range, and then it didn't hold last week No, but I'll tell you what the end. How about the member last week? We had when we talked last week We had that big explosive move to the upside and we were heading towards our you know The target of a dollar 12 or 112 the 112 half that I've been looking for for a while I didn't think it was gonna happen for at least another month and we fell back pretty strong But I think that we had a nice bounce yesterday, and I think you're gonna see this bull continue Especially with the gold weight gold sold off. Yes, yesterday. Yeah No, it's interesting so that and you well, you know what's interesting Teddy is that I was Tommy and I were talking We were actually on the air but in off the air, you know I was so paranoid of that, you know one ten and a half in the end, but guess what that didn't stop gold I mean gold went to 1691. Do you know what I mean? I mean gold it was supposed to do and then you get a pullback But I thought that was so intriguing because that was the first time and quite some time that it didn't Hit it when it was actually at highs. I mean it got hit yesterday But by the end it already pulled off. So, you know, right pretty wild So so the US dollar yen bull I think is definitely proving that it's not going anywhere even though the dollar seems like it wants to kind of You know, I think the coronavirus it may not I wouldn't say it's over done But it's it's heavily factored into the marketplace, you know And I think that the volatility especially we've seen in the yen is starting to show that we're gonna start We're gonna really see some really big swings because I think the interest rate market might start to get some moves as well Yeah, well, we have the 10-year what break all-time lows yesterday, right, right? So that's gonna be intriguing in itself. And of course, you know market-wise we get a little bounce out here today some of these Not necessarily third world countries, but some of these emerging market countries They have currencies of God actually smoked, right? Well, you know what's funny is I've been talking about the Turkish Lyra to some people for the past like week and a half about now most people don't look at the Turkish Lyra But it's a really good indicator about what's going on, especially with the Middle East and stuff like that Yeah, and now with the coronavirus exploding in Iraq and then I'll excuse me I ran and also moving into Pakistan and stuff like that. It's definitely impacting the Turkish Lyra And if you look at that chart anyone that's been does look at it It's been grinding higher for it's been trading higher for for months on it actually But it's a wide trade like if you trade that market the spread is really wide like it would be like it's trading What is it like $6 something it'll be like a 40 wide spread, you know So to trade that market getting in and out you really have to be on the right side, you know So but this one I'm telling you like right now if you're a skittish bull I'm buying into these highs is something that's really rough with their volatility But this market could be 20% higher in another six months Literally with the way things are going well in the high right is seven point two three. So I'm looking that's that's what 2018, right? Right. That's that's a that's a weak Lyra, right? Very very and I think it's gonna continue especially I mean, you know the Iranian Prime Minister not the health minister Whatever yesterday said that the coronavirus wasn't gonna be a big deal in Iran It's contained and then today they find out he has it, you know, so Where is that first ability there and I think that's definitely gonna out, you know Like you said like some of our lesser currencies versus the dollar They're getting smoked and I think they're gonna continue to get smoked for the next couple months in a very very big way But you have to be ready for that Volatility and have to be able to bear that risk as well Yeah, and folks if you want to see something with Teddy just brought up, okay about that minister if you Google You're gonna see when he was saying it's contained. He's coffin. He's got a handkerchief off He's wiping sweat off his brow. That's going to the weirdest things. I've seen meaning, you know We know that sitting up there blatantly lying and he's sick himself, man, but you see that right? Oh, it's crazy So the British real not that we do the would do that But I mean I mean Brazilian the Brazil is a monster commodity company country and like look at this thing man, right? It's right. It's blow on my mind, man I mean we're at four point three nine rail folks to one US dollar So I think this is all-time low. Let me find this out for a second It is I think you're I think you're right that these trends especially in mark emerging markets like these They're going to continue and they're gonna be very aggressive for the rest of this year. I think yeah, wow I wonder like Now when you look at a currency markets with the fundamental reason would be that they're getting so weak because their economy's weak Would that be correct in correlation to the other currencies? That would be typically what I look at for sure and now especially that now there's the factor with the corona virus that you put in as Well as a big fundamental, right? Yeah So, you know and that's also what trade to like we don't know how the real impact is going to be yet for another like Three or six months at least right, you know, so and then look at what happened now with Italy like this is pretty scary I mean they I know that they brought people in but they in one day They went for an extra 200 cases or something like that in this one town in Italy, you know So that's if this is not contained in it They already cut off the rail lines between Austria and Italy if they start containing the countries within the EU I mean talk about a nightmare I mean we're not containing our borders between our states in the United States right now And that's equivalent to what's almost going on now over there. There's no doubt and unfortunately folks, you know Italy where almost in March anyone that basically is you know go to go into Europe for the summer You know for a week or whatever. This is going to impact them because this is kind of when you'd be planning Because hotels are so expensive basically, you know, if you're planning to go there You'd be planning right now, man Unless you had a multi-billion millions and say, okay, I'm just jumping on the plane But that's good. That's gonna hit quite a bit man. I mean, right. Well, you know, what's funny is like I was in the S&P's for years, you know that Transportation's are something you stocks or what you always look at as a major indicator for the S&P's and I think the Transportation stocks over the next six months We're really gonna see like as the travel agency agencies start to get hit. I mean think about this You just discussed this trip even if you can get a good deal because of what's going on What happens if you end up going to Europe and all of a sudden there's an outbreak and you get contained for I mean, you're not gonna be contained for just two weeks. You could be contained for a month And then when you do come back to the u.s. You're gonna be in quarantine again for at least two weeks to four weeks That's you know, yeah Could you imagine if you if you were on a budget and you actually went on a trip like that You could go from being just treading water in life going on a trip to have it devastating your whole life financial situation No, no, and hey, listen something that you know Actually, we forgot to bring up What they did last night in Hong Kong. Did you see this teddy in Hong Kong? If you're a resident of Hong Kong folks, they gave every resident 10,000 Hong Kong dollars Yeah Every resident this is like I saw this coming across the tape. I'm saying to myself. Wow. I mean that's that's an indication Of like how bad things actually are right, right? I mean, absolutely That's pretty intense, man And I can see why they can do it because it's kind of what you just brought up if you're shut down Well, how how we you need something to live on right? That's that's a real bottom line, man Absolutely. Now what happens in some of these smaller countries? I mean like we see what's going on in iran Like you just made this comment about the you know, we were talking about this prime the health guy Yes, what about what about some of these other countries in africa? This really spreads now. We don't know how it's spreading through iran and with their borders We know pakistan locked up their borders and stuff like that. So we'll see Hey, you have a great one safe one teddy. Look forward to speaking the next wednesday. Absolutely. Hopefully the video works That well it well come right back folks