 let's jump over to our man teddy keg's dad folks you can read teddie's outstanding newsletter the tiger forex report he puts out new issues every monday and updates throughout the week when warranted you can check that out under the newsletter tab at tfnn it's only ninety seven dollars comes with a thirty day money-back guarantee you can't go wrong there and i if you're interested in some of the webinars i just talked about tiger dollars folks get some tiger dollars if you think about purchasing anything you save in twenty thirty forty percent on what you're spending teddie's got a couple great archive webinars over there talking about capitalizing on time with calendar stock option spreads and japanese candlestick pattern stock and option strategies with our man teddy keg's dad both of those under the services tab at tfnn maybe you get a little bit of time over the holidays you check out some of those webinars let's just jump right into it teddy keg's dad we got an interesting morning nonetheless uh... as usual i should say good morning good morning boys we get eighty p numbers this morning teddy we got the yield approaching almost a four percent handle uh... what do you think of some of the market action then yeah the yield market without a doubt is probably the topic of conversation like talk about pressing the trend higher you know so without a doubt the short terms you know ten year to thirty year it's a pretty very it's a very steep slope that they've been trending over the past you know month and a half and especially the last couple of weeks so and uh... the dollar is obviously been influenced by that for sure with that's put retraction so but we've had some key support you know in our resistance in the fx markets for sure so right now i know everyone's already calling for you know she done to start cutting rates with the fed and stuff like that i would be very very careful with that i know we have an election year and stuff like that i mean maybe the bottoms in but we there's still some numbers that we really need to look out for and i would we have a fed meeting coming up yet next week so we'll see we will see that's for sure man on the moves is mammoth as you mentioned and it's pretty remarkable at a five handle and just like that we might be to a three handle before we know it man four point one five percent can help to talk about that uh... can we talk about crew gotta talk about crew white why not jump there man we're pushing seventy dollars seventy ninety eight i got on the price tag accrued right now down from ninety five bucks man uh... what do you think the action crude i'll tell you what i'm stunned that you know we had a uh... potential head and shoulders bottom for many forming in crude up until uh... yesterday so and we took out the critical swing low which was with the would have been the other shoulder of the uh... you know reverse head and shoulders so today's move especially down to seventy bucks considering what opac did you know a little over a week ago when they said they're cutting uh... at least a million barrels across the board in production that surprise i mean i know a million but barrels a day isn't that much across the board in the opac countries but it still is a start on the something that could be a trend with them and that's what surprised me the most is that oil is going down so much the one thing the only thing i can really attribute it to is the fact that we have a supply supply billed in this country and as that's continues if that trend you know that means demand is lessening and i can honestly say like you know i live in chicago land and if there's two things we only have two seasons and that is winter and construction and traffic really you know i mean that's really excellent we have construction workers always traffic jams you know what getting around is especially rush hours they're not lasting like they used to i mean we have uh... is bad but you know i'm saying like i'm not seeing the driving land especially now the kids are back in school they have all these sports and activities especially coming in front of the holidays typically it's really really bad you know especially even around malls and stuff like that so people are driving less and that might be part of the reason why we're getting the bill so if demand is going down that's the only three that can see it going like it is because i just it's surprising to me that we'll be getting this you know below seventy dollar mark it's an interesting um... conversation i did i did anecdotally of course but i'm i'm seeing the same thing in my own life now of course you know people not working as much a working from home uh... we were in tampa i think it was monday afternoon i left tampa around four o'clock teddy and i'm driving back to lake than which is good thirty miles or so and there's a bunch of people that live kind of east of tampa right you go a little bit towards the center of the state uh... you get away from the big city just like any big city right you got more uh... you know more land right cheaply and also so you get a lot of traffic on i for especially out here and man i was fine there was no traffic at all coming out of tampa monday at four o'clock monday is usually kind of the busiest day maybe thursday friday people working from home if they can and then i go back to black friday uh... more cyber monday knows black friday so was a cyber monday nobody's at the stores on cyber monday but i'm out there and there's plenty of spots and i'm saying before i leave the house and what are we doing going to the mall to hang out on black friday right we really have to shopping you know but we're off we were closed at tf and then uh... they got restaurants you know as i was go walk around with the kids you know they get a christmas tree it's an outdoor type mall area you know as we'll walk around the kids see the christmas trees parking spots everywhere man now that you know everyone shopping online but it kind of speaks to a little bit of a change that was not the case not on that one-day man black friday for spots to be everywhere and then uh... so yeah we get some changes for sure now you know it could also be a more real real quick is it could be the cost to carry over a fact with rates that pulled back so much over the past month and a half that could be influencing a lot of the oil market you gotta remember because there's a cost of carryover is an interest rate on a lot of the movement of all crude oil so that adjustment by just even a half a percent or so is a big deal so that it influences the cost but i don't think it's enough to really dictate the the new lows like we're making but yeah that's another handle on crude right but i died that's a great point for sure hey what do you think about dollar yen i mean we got gold some serious volatility man to say the least um... maybe some what do you think about the dollar yet and maybe any takes on gold as well right well you know what as long as uh... yields are retracting and uh... you know the dollar if you look at the dollar index most of the markets that are really trending against it severely are like some a lot of the lesser ones like the ozzie the new zeal and even the canada if you look at the euro it's not really moving that much you know like that's not the biggest weight of it so that's what's you know everyone's jumping on all the dollars getting weak in yields be careful is i still am saying we are we are not we've not confirmed any turns and trends all we're doing is we're we're pressing a corrective mode right now you know so and it's it's not that i'm grasping at this the overall trend has to come back that's not it when i'm saying it all but the fundamentals don't dictate the technicals do not dictate that we have any confirmation of any real change in trend which means if you can get caught really quickly in that kind of a situation we're start to get this fall census security being like all the dollars can be weak it's an election year it's time to start getting short the dollar i love it when people start getting that way you know because that's where i made my big my biggest moves you know so i'm actually hoping on that nice right sure and what do you think about gold at these price levels man you gotta take on gold we really you talk about some volatility on the spike Sunday night we make up sorry one more time i said i like gold right i like until you until you see yields go up if yields go up and and all of a sudden you get one more raid hike where they actually can press back to where they at least try to test the monthly lows maybe not take out the bottom and that will be when i see a turn in the market coming i think you could see gold still rally a little bit more yet no matter what and have a nice trend next year and as we wrap it up we got about thirty seconds here teddy what do you any anything expected from fed decision next week uh... yeah i think they're gonna really lay on the economic number scenario we'll see what unemployment does this week if unemployment comes out especially unexpectedly lower you know i would still say you know even though that there is uh... the one reserve chairman said that one more rate hike is not off the table yet so we'll watch what they say about those numbers well i can't wait to see what would happen in this market if we actually get more hikes let alone cuts coming in i appreciate the takes as always man i appreciate your time as always teddy we look forward to talking next week man thanks to me take care thanks so much folks will be right back to finish up the show don't go away