 This is TFNN the tiger financial news network NNN headline news update Welcome folks. We had the DAO industrial is that finished a new all-time high up 31 Nasdaq up one S&P's down three gold contract gold contract as well as silver gets slammed You had gold down 25 dollars 14 dollar 1486 dollars Silver 1700 $17.60 now if we go over to this gold contract though What you're gonna see is this folks is that you actually haven't even made it to the lowest swing point never mind the swing point in general You have the volume behind the moves seven 571 million 571,000 contracts, so I do expect tomorrow You're still gonna get lower price out here and a very well could go for the swing low today What we did out here is this you got to the it was testing the strength from August 7th the bottom of that is 1484 That had volume of 652,000 so we did 571 versus the 652 That's a failure on price a failure on volume Why because you got above that that price that I had tested which is the 1484 now that being said when you get volume that expands like this I expect these lows are gonna get tested again tomorrow This normally you don't get a blowout day like this with just one day The market itself is gonna basically test this lower part of it See if there's any more sellers down at that lower part of it And then if the bottom line is that if you don't see any more sellers as they push this lower into that test So tomorrow for today if there's no more sellers down there Guess what then you better be ready for a nice little spring Upward very very fast because the bottom line is that what we haven't even done is that we haven't got into the Major swing point the major swing point Inside the gold market is $40 less than where we are right now meaning the 14 76 silver silver set up the same way if we go into the gdx You're gonna see inside the gdx and as well as these gold equities that you pull back with light volume We did 56 million shares are you pulling back into 82 million shares? Trading it 26 dollars and 97 cents. We got the 2676. Well, the swing point is at 26 18 So you never even made it to a minus swing point of 26 23 So bottom line is that there's not enough sellers inside of the gold equity market right now to sustain lower price Have a great one folks have a safe one and we look forward to speaking it join Larry tomorrow Morning eight o'clock Look at him folks