 at a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Andy in Boulder, Colorado. Hey, Andy, what's going on, brother? How much help have you been? I'm great, man, yourself? Pretty good, hey, congratulations from the grand baby. Yes, thank you, I know. Tommy just sent me a picture. I mean, it's gorgeous out right now. He just was taking them out for his first walk, so on it. He's prowling and prowling, all right, Tommy. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien at TFNN. We go five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever. You focus on growth, so everyone's having a great day, safe day. Making a great night, folks. Let's take a look at one of our four agreements. You have the power to create. Your power is so strong that whatever you believe comes true. You are the way you are because of what you believe about yourself. Your whole reality, everything you believe is your creation. Yesterday's gone, tomorrow's not here. What are you doing right now? Likewise, let's take a look at it out here. We have the Dow Industries up 388. Nasdaq's up 134. S&Ps are up 52. Gold. Gold contract caught the bid. We are up $33 trading at 1770. You got Silver up $34, 1893. Light sweet crude, flat, $96.98 a barrel. Notes and bonds. We're gonna talk about notes and bonds, folks. This is pretty amazing. Fed's going up in rates and the market's driving rates down. You get the 10-year right now up 186 at 121. You get the 30-year up 17 at 143.08 and King Dollar. King Dollar's down 157.06 trading 106.295. The Euro is at 101. The Yen is at 134. And the British pound is at 121.21 to one US dollar. Our phone number's 877-927-6648. Give us a call, folks. I know it's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, you took out the B point in the S&P yesterday of a very large ABC up. Bottom line, spies trading 416. Your benchmark is June 1st. We're going up to 417. At the volume, you took out the B point, took it out with volume. Market was tricky this morning, no doubt. But guess what, man? You're charging forward. We're going to take a look at the NDX100. And we have Apple and Amazon coming out. And listen, we'll see what they have to say. But the Qs are going to also take out the swing point today. We need 57 million shares. You got 43. The Qs will end up doing 65 or something. That's another ABC up. Now, the differential here and the Qs is that that's going to take the Qs over the June 1st area. Because when you take a look at it, you get 308. We got, yeah, you get 208A to B, which is going to give you, let's see, 92, 320, 318. So 318 is somewhere, 318, one second. That's 314. Yeah, 318 is bringing us all the way back. Oh, I see what's happening. OK, 318 is bringing you back to ICE, man. This is going to be pretty wild. 318 is bringing you back to ICE. Gold, gold contract. We finally got price spread plus buyers, folks. The buyers have been on a strike. So what has happened is that, yeah, gold has continued to just drift lower, drift lower, drift lower. Didn't have the volume. But guess what? Every time we try to go up, it didn't have anything happening with it. This time, bottom line, you get the wide price spread. Pressure, you get the volume. And simultaneously, what you have here, if we take a look at this, what you're going to see, it's only a small line. But the bottom line is broken's downtrend. And that's the end of the gold's going to stop making its way back to 1878, right now you're at 1771. And that's going to be all about the good old US dollar. Because if we take a look at the dollar, what you have here in the dollar, your benchmark, it keeps basically moving back and forth oscillating on this number. A close, it's 106.792. Right now, you're 500 ticks below it. And what that day was, that's from the dollar, went up 1700 ticks. Huge move. If we can get price spread, kind of like we did today, that is just about ready to break the uptrending gold, I mean, in the dollar. And that would get the dollar back to 101.297. And needless to say, there's been a direct correlation inside the stock market, inside the commodity market, inside every market. The dollar's been running the market. And the bottom line, you can see every time that you get some relief in the dollar, the market wants to go higher. Now, all of that being said, I think the biggest thing out here that you want to wrap your head around is this. Now, this is about as deviant as you can get. The 10-year folks is doing an ABC structure on the way up. And what that means in the bond market is higher price is lower yield. Well, how does this work? Because the bottom line, we know the Federal Reserve went up three quasi-point. They're probably going to just keep going, which they have to because of inflation. But the bottom line is that the market is buying the 10-year handover fist. It's broke the B point out here today. We already have enough volume. That is saying that we are going much higher, number one, and that yields are going much lower. Now, watch this. This is a total mind blow. I'm going to put the inverse chart up. This is saying that right now, let me get what yields today, yields are at 2.67. This is saying that we are going to 2.14 to 2. If the ABC comes in, you're going back to the March 14th area. So what I did is this, is that the first chart I put up, and I'd be happy to do it again, I'll show you the ABC up. That's the 10-year on the way up. This chart here is the yield chart. Bottom line, that is going to be some mind blowing because when you look, you've got to remember something. The Federal Reserve, folks, is in charge of the Fed funds rate. Now, the Fed funds rate is bank to bank. That being said, it's very unusual that the Fed fund rate is going up and the 10-year is going down. And when I say the 10-year is going down, everything is predicated on the 10-year, meaning that our credit cards, housing, bottom line, rates are going down. And you can see, I'd say this is going to be one of the fastest times I've seen rates not only go up, I've seen them go up this fast before, but I've never seen them go down this fast after going up this fast. The high that we've hit is 3.4. So we're 2.6. You can see that we're almost at a percent now, or 8.1%. If we go to 2, that means we came right back down to the 2% as fast as we went up to the 3.4. And of course, what you'll end up seeing there, because of that, is that you'll end up seeing mortgage rates get pulled back, lower structure, all around a bottom line. This market wants higher price right now. We'll see what happens as we come up to the next swing point. But bottom line, it looks to me like this dollar has topped. If the dollar tops, guess what? Markets get breathing room. Commodities get breathing room. All the above gets breathing room. We're going higher. Now, industrials right now are up 364 and Aztecs up 125. S&Ps are up 50. You stay right there, folks, who come back with our man, Mr. Fred Ernest, the CEO of Vista Gold. They came out with their numbers this morning. He's going to walk us through what is happening with Vista Gold. Stay right there, folks. Come right back. Time of blooming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. Vista Gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vista Gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, devious party, ready-development state gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to the TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com, TFNN, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks, Dow. Now, industry is up 364, Nasdaq's up 125, S&Ps are up 50. Now, let's go over to our man, Mr. Fred Ernest. Fred is the president and CEO of Vista Gold. Vista Gold trades on the New York Stock Exchange under the American symbol VGZ. Vista is building one of the biggest, well, they're building shareholder value in one of the Australian's largest and most advanced undeveloped gold projects. I happen to own Vista Gold. Fred Ernest, welcome back to TFNN. Well, good afternoon, thanks for having me. Absolutely. So, you know, this market, Fred, has been something else, but it looks like that we finally have some relief with the dollar going lower. I mean, the dollar hasn't just been trashing commodities. The dollar seems to be trashing just about everything. So we'll see where that whole thing shakes up. But tell us, you know, you came out with the financial results last night. So tell us where we are with Vista Gold these days. Yeah, Tom, thanks for asking. You know, we announced last night that we ended the second quarter with $11.1 million in cash. We reminded people that we finished and announced results of our exploration program in June. And one of the key takeaways from that program was that we identified four targets that combined we think have the potential to, with future exploration, to generate another 1.8 to 3.5 million ounces of resource for the project. Obviously, that extends the life of the project. And we provided a very brief update on the process that we've engaged CIBC Capital Markets to manage. The process is moving forward. And we look forward to sometime later this year being able to make an announcement as to what the process has generated. But for the time being, we're satisfied with the work that CIBC is doing and things are moving forward. And there is no doubt with the dollar being so high, this has been probably a tough time to do anything, right? Let me ask you this, Fred. You know, we're in Australia. So the bottom line is that what is the correlation between the Australian dollar and the US dollar and the implications to Mount Todd? How does that work? Well, certainly the Mount Todd project is dependent on foreign exchange rate. You know, when we look at the project, we look at the gold price and we look at foreign exchange rate. And those are our two biggest factors. Yes. 65, 70% of our capital costs will be in denominated in Australian dollars and about 70% of the operating costs as well. So those things are very important to us. Now, you know, recently the Aussie dollar has displayed weakness compared to the US dollar and that's very favorable to the project. That helps us out a lot. Longer term, we expect that the Aussie dollar will strengthen a little bit, but their economy is behaving much the same way our economy is. And so it's a very interesting dynamic to watch. And there's no doubt. Now, when we talk the price of, you know, we know that building a mine is very expensive, right? And the price, do you have a figure yet that you may speculate in on what the all-in cost price would be like per ounce? Is it that far ahead or is that question like too far ahead? No, no, we estimate that our all-in sustaining cost is going to be about $860 an ounce, plus or minus a little bit. And so that's an amazing price, right? I mean, that's the reality. That is a very inexpensive price. I know Newmont, when they just come out with their numbers, the bottom line is that they were at 1128, I think they went up to 1228, you know, for some of their expenses there. Yeah, and certainly, Tom, in all fairness, our numbers are based on numbers at the end of last year. And we're gonna be subject to some of the same inflationary increases that the producers are seeing today. But when, you know, our 860 was well below the top five major producers at the time we estimated the cost. And so while Newmont's costs have gone up, I expect ours have gone up, but we're still below, I think we're below the top five. No doubt. For their average cost. Right, and the aspect of, at this point, the CBIC, so we're looking at the CBIC to basically either find a partnership for you, which you've explained to the TFNR audience a few different times, that would come in, get some equity, maybe, in order to build the whole mind, and some other type of transaction that would be able to make Vista Gold move forward. Absolutely, you know, we have indicated that we are very open-minded with regards to what that transaction looks like, whether that's a joint venture partnership, or a transaction at the project level, or even the corporate level, that what we're focused on is a transaction that creates a value immediately and also provides the opportunity for improved value down the road for Vista shareholders. And you know it's amazing, folks, okay? This is something that doesn't happen in the gold market. Can you explain a little, and specifically where I'm going with this thread is this, okay? Is that you have 118 million shares outstanding right now and that is very unusual in the gold market, and specifically what I mean, and I've known you guys a long time, I mean, you know, I go back now. My God, this time deal, Fred, is something else, isn't it? I mean, I don't even want to say it, but basically I go back 12, 15 years or something. And you know, it's amazing, and it's so cool that you haven't diluted the stock. So can you talk to the audience a little bit about that? Because, you know, a lot of them know, because a lot of them are in the commodity market, but it's amazing that you haven't gone that route in the business. You know, it's maintaining a tight capital share structure is one of the keys to the leverage, to the gold price that we enjoy. We, you know, we're shareholders. Yes. Just like many of your listeners. And we manage the company, not as a hired management team, but as participants and owners. And we run a pretty lean ship. We have a small staff. We all wear a lot of hats. And I'm very proud of the fact that, you know, we've kept our capital share structure pretty tight, you know, that we only have 118 million shares issued and outstanding. When many of our, many of our peers have double or triple that number because they've raised a lot of money. You know, we've had the advantage of being able to monetize some non-core assets. Yes. But we do a lot to keep our corporate expenses down, you know, to manage the project in a very efficient manager as far as site management expenses. And, you know, the technical studies that we undertake, I think that we're as efficient or more efficient than almost anybody else in this industry when it comes to, you know, generating technical quality technical reports for the dollar. Well, from experience, I absolutely agree, like 8,000 percent. And, you know, anyone that's in, has been in the market for a while, particularly the gold segment. For some reason, and you can see, you know, Mark Bristow from Barrick, he was always hounding on it that they just destroyed value. And you have not destroyed value for so many years and worked so hard. It's just phenomenal. Well, listen, I appreciate the update. Look forward to having you on again. And folks, it shades on the NYSE and the American symbol VGZ. Check it out. Come to our website, check it out. And as Fred just said, and I was talking, there's no dilution, okay? It's a mine, it's a huge mine, okay? Do some homework on it, okay? Because the bottom line is that, you know, this is a great crew that has been going forward for a long period of time and has an amazing track record. Fred, thank you so much. You have a great one, safe one. And look forward to having you on again. Thank you very much, Tom. Thank you. Thanks. Stay right there, folks, we'll come right back. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis and it's not just dry, tedious text either. 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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 guardleafs, ABCs, 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 a month. We are so confident that you're gonna 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. Welcome back, folks, to Dow. Dow Industrial is right now up $389, now it's except $136, S&Ps are up $53. Now, I wanna show you this ABC because this is so cool, folks. And this is so deviant, it's unbelievable. Okay, so what we're gonna do is this. We're gonna take the tenure, right? And I wanna show you the ABC up in the first place so I can show you the correlation on the other side. And yeah, there's a question about VGZ financing itself. So the finances are like this. Right now, VGZ has $11.8 million in the bank. They have zero debt. And that's what Fred was talking about. The way that they're sustaining themselves, like they had a smaller mine that they sold off last year. That put another $4 million in the till. They will need financing, our partner, to build the mine. But the bottom line is that they know how to run and just make it. So check it out, man. I'm in it, I'm in it, yeah. I like it. So we take a look at the tenure. This is what you have. You take a look at this tenure, you got 1.6 million contracts and you're gonna see we needed the 1.6 million. 1.61 million we need is we already got 1.68. Okay, so when you do this, you're gonna see this is a very large ABC, man. I mean, and this is where, you know, that it's important to wrap your head around the context of what moves what. Well, when you have less expensive rates, you know, the bottom line is that everyone's waiting for the power put. But watch, this is market dynamics and how market dynamics changes, folks, okay? So the bottom line is that you're not gonna get a power put, but it looks like you don't need a power put. And the reason being is that right now, we are at 2.25 to 2.50. The upper line in the Fed fund rate is 2.50. They're probably gonna go up another 50, 75 points. At this point, it matters. It matters what the Fed does for sure. But guess what? What matters more is this ABC structure up in the tenure. And the reason being is that everything's predicated off the tenure, meaning debt. So if we take a look at it, you're gonna see 126 is your B point. Your A point is down there at 1.1407. So it's approximately six plus pennies points. That's gonna get you to approximately 124. So this is how I did this. You find 124 first here. Watch this, this is pretty cool. So here's 124. 124, you see that trading day there? Where is that trading? It's March 14th. 14th, March 15th. March 14th, March 15th. Remember that, okay? So the correlation when you're trying to speculate, okay, where is the rates going? This is, this is what's wild now. Watch this, okay? So here, let me finish this off first. So here's your tenure, 124, okay? Now, if that's what we get, where do you see this? This is, now I'm gonna put the yield shot up, right? So what you do, I'm gonna just go back to the March 14th, March 15th area. And we take a look at this. That's March 17th. That's as much 15th right there. So let me put a line there. And then we'll see what it is. Right here is March 15th, is the 14th, okay? So, now we got that. Now watch this. Now I'm gonna put the cursor over this and it'll tell us what it is. Okay, you see when I put that cursor over it? If that ABC is the high, it is 2.14%, the lowest 2.0%. That folks is gonna blow minds like left and right. Now, you can trade off this, man. This is one of the biggest things to trade off right now. First we had, so picture, when you're speculating, right? You're trying to get as much information as you can in order to make your decision as to where you wanna go in the marketplace, right? So, we know the benchmark on the dollar is the strength when I went up 1,700 ticks. We know that the correlation of the dollar in the market is direct and has been direct for about six to seven, probably since the first, but a good six and seven weeks has been direct beyond belief. Dollar goes up, market gets smashed. Dollar goes down, market can breathe. Bottom line is that fundamentally, if the rates go down, the dollar's gonna get down. So, what does that mean? That means the market's gonna go up. Put it together, man. It's pretty cool. And the thing that's really wild. This is the biggest pot that's really wild, folks. And it comes down to the aspect that it's so convoluted, it's unbelievable. Who would ever think that the Fed goes up on rates, they're saying they're gonna continue to go up on rates, but guess what? The market is buying them down. And the reason I suspect the market is buying them down is that, yeah, things are gonna slow down. But guess what? It doesn't look to me like it's gonna slow down too much because the fact is, we're talking about the real estate market and how upside down that is, okay? That we're shot 2.3 million single families a year. And of course, as soon as the rates go up, the bottom line is that everyone gets laid off and the big builders pull back so that comes, that basically gets rid of a lot of workers, which is really a bummer in a monster way. And then what ends up happening is that the rent structure goes up because we're already shot housing. So now the rent structure goes up, they don't build, it goes down, they start the whole cycle over again, it's a convoluted cycle, that's the bottom line. My take is that there's gonna be, they'll do that. I'm not gonna stop building, I can tell you that. It's just ain't gonna happen. I'm definitely being more cautious and if I have to rent them, I will. And the rents are so big, this was so crazy. So the rents are so big, it doesn't matter. I'm single families with that. So the single families, this is crazy folks, so listen to this, here's the number. Wanna hear the number? This is unbelievable. The exact same house, cause I have a few of them. I built them new but kept them for rentals because I just knew, I felt, I was building this community out and the more I built it out, the more it'll be worth. Bottom line, for the main house that I used to be getting $2,800 for, when these leases are up, we just start signing them at $5,000. Yeah, you heard that right. The carriage house, okay, that used to basically run about 11 or 12 is at 18 to 2,000 and you got them lined up. Now, that sounds like a lot of money but for where they are, it's not. What has happened in St. Pete is we're actually downtown so it's a little bit different, meaning in the ass but all of St. Pete, oh listen man, it's the whole country. It's not just St. Pete, it's the whole country. It's been that dramatic. So when those leases go up, you can see the acceleration is dramatic and of course it's 7,000, the bottom line you can, 7,000, what, 84 grand, 84 grand says the place is worth a million bucks and we sell them for 960 or something. It's 960, it fluctuates but you can see the gist of it. That the interest rate structure right now looks to me like it's gonna back down, it backs down, I think this rally's real, man, that's the bottom line and we'll see whether it runs out of steam and it would be the most deviant thing that the market could do, specifically because this is the worst time of the year and we've been going down since January so it's like, okay, is this gonna be a destruction coming in? I think it looks to me like most of this destruction is over and we'll see where that shakes out but that's because a lot of these high-flying stocks got smoked and when I was talking with Tommy, yes, he brought up a great point that if Apple, because Apple held up so well, if Apple didn't hold up so well, that in every industry, that would have just smoked them if we thought we got smoked before, Apple, that would have been a smoking beyond belief and Apple, guess what? Apple's gonna, Apple's an ABC up. So here, yeah, look at this, this is insane. I just found this, hey, we're gonna talk about this as soon as we get back. Apple's an ABC up, man. Stay right there, we'll come right back. Mr. Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Mr. Gold just completed their feasibility study resulting in a seven million ounce gold reserve. Mr. Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. Mr. Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Mr. Gold executing a strategy to create shareholder value. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the Forex market. 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Directions daily S&P Biotech Three times bull and bear ETFs. Visit Direction Investments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus please contact Direction Shares at 866-4767523. The prospectus or 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, four-side fund services, LLC. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tigerses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Tom O'Brien. Now, that one just shows right now at 338. You get the NASDAQ 112, SAPs are up 47. So let's go take a look at this ABC on Apple, man. This is gonna be pretty wild and we'll go over to the Amazon next, but you get an ABC structure here, up, confirmed. Okay, so here we go. Your eight point here, 156.28. You had volume of 66 million shares, okay? Bottom line, you took it out yesterday with 76 million. So your C point here was the low of Monday. The low of Monday is 151, no, the 150.30 and your price projection is 164.96 right up here, which is gonna bring you someone up to the trading of May. So guess what? We're gonna know that at 4.30 this afternoon because that's when the numbers come up. Let's go on into Amazon. We take a look at the Amazon. Amazon is also coming out with the numbers now. The difference in Amazon, Amazon's gonna come up right after the close. A little different, yeah, definitely a different setup. Okay, so now let's look at this. Amazon, let me put this on a weekly. This is still, yeah, Amazon still can't get traction. So whatever's going on on Amazon, I don't think this thing is gonna pop. That's the way this is shaking out. So, because watch what happens here. If we go on a weekly, I'll do the monthly after this. The weekly, you came down about six weeks ago with 438 million, you're going up with 300, and this week you're at 225 with only a day left. That's not, you're not pushing with volume. That's the bottom line. Let me put this on a monthly. Amazon's not done yet. But see, this is kind of like what I'm talking about. You know, when you go from highs to lows, well, Amazon went from 188 and we're at 121. Bottom line, that's 33%, that's a big hit already. So Amazon very well just wants to consolidate more. Because Amazon is coming against their breakout area from April of 2020. And that's a, you know, and it's coming against it with light of volume. The bottom line is, you know, you had volume there of 2.4 million. First time we were down to 2.2. Next time you had 1.7. So it's getting a little bit a little bit. But that's telling me that you're gonna have divergence after the close. Now, this is what happens, of course. We were talking about this on Tuesday night also. When you had, what ended up happening on Tuesday night is that Google as well as, what was the other one? Google and, my God, they both went up. Oh, Microsoft. Yeah, Microsoft, okay, forget Microsoft, my God. Bottom line is they both went up. That fired up the NASDAQ, of course. In this particular case, what you're gonna have is I suspect, you know, Apple could go up. Microsoft could go down. That being said, there's gonna be something else that comes in there that is gonna give some juice to the way up. Now, let's go take a look at the GDX since we finally got something happening inside the metals market. We take a look at the GDX. GDX out here. You had volume yesterday of 32 million. You get volume today, 29, not bad. Not great, not bad. And let's go take a look at Newmont and Barrack because both of these, Newmont and Barrack, they were basically still weak. Look at Newmont still weak, man. Newmont's weak. Something's going on there. They're cost the too big, whatever, but that's a drag on the GDX, the XAU and the HUI. Good, that's good. Barrack's starting to move. Barrack can use more, but it's at least starting to move. You know, Lowe was established two days ago at 1480. Right now, you're trading it to 1557. Let's go into Royal Gold because all these streamers were also weak, folks. It's pretty amazing. The streamers should be picking up because, yeah, you got, okay, so Royal is up 61 cents. Could use some more volume. Franco-Nevada, FNV. Okay, this got some action. Good, thank God. Now, watch this. So Franco-Nevada hit 129.79, and yet it's down 2 cents. But guess what? When you get price spread like that, and we get the volume behind the move, that's gonna go, this is, I like how this looks. I definitely like how this looks. So if we get another day of this, what you're gonna see is that your downtrend that started, well, the downtrend's been on for four months. But if this is saying that Franco-Nevada just broke the trend, its downtrend is gonna be on the way to 148, so you get a big number. Let's go to an eco-eagle, because this is also a very weak stock. And, oh, look at this. What's that about? So this popped two and a half points. Okay, so let's take a look at it. So they come out with their numbers. This gets interesting. So an eco-eagle took out protection against pricey fuel amid the energy squeeze while hedging its foreign exchange exposure as central banks in Western world started to tighten money. The world's number one three, number three gold producers said in a statement Wednesday that it had hedged 43% of its remaining diesel exposure in 2022 and had realized about a 17 million in hedging gains related to the fuel so far this year. Other producers are starting to take another look at ways to cushion the blow of the wild swings in the commodity market. We had a view late last year that inflation wasn't going to be transitory and temporary and eco-eagle chief executive officer said in a phone call the Toronto-based miner took proactive measures which included physical and financial hedges on diesel with the view that prices would increase. Okay, let me just see something here. So let's see this, okay. Cause what I wanna do now is this folks, that the hedging capabilities that I've found in companies like they always lose money. So let's just look at this for a second. So yeah, see this makes no sense. So an eco-eagle, okay, takes in $6 billion a year and they're talking about they have a gain thus far of 17 million. Well, let me tell you how this works folks, okay. When it's on your books, they have a gain of 17 million right now. Well, guess what? These Wall Street banks can talk these gold companies and all these other companies in general into all these hedges and what ends up happening is that if we stay here or go lower, you very well could see particularly cause they're saying they took a currency hedge too. It didn't say the currency hedge in there but what ends up happening is that if in fact the dollar has peaked and that's gonna pull back down and if oil is peaked, that's gonna go back down. You're gonna see that loss column go up, you know. So I'm not a big fan of companies trading cause that's what they're doing by the way, okay. On the exchanges because the Wall Street gets them, yeah, you gotta hedge this, you gotta hedge that. Well, guess what? You might as well just trade it. That's the reality cause that's exactly what they're doing. Dow industrial is right now but 352, the Nasdaq's up 127, S&P's are up 50. And the biggest example of that by the way was Delta had one of the best hedges on ever, okay. And that was before the oil run up and they took it off, okay. Delta would never have to work again. In fact, they could have, anyway, you get the gist of it, they're trading it, man. Stay right there, come right back. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. 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Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com. Then hit Watch Tiger TV. Welcome back, folks, to Dow. Dow's up $3.27, Nasdaq's up $1.21. S&Ps are up $4.08. Let's go take a look at another gold stock out here. Okay, so you got Alamos Gold. Low is $6.51. The high is a $9.22 bottom line. You get a nice pop on this today. This is a strong gold stock, folks. This baby here, so what you had here is that you kept testing the bottoms, testing the bottoms, bottom line. Now what you did out here today, trying to take out the top of the consolidation, it has volume. So if we pull this back a bit, you're gonna see, yeah, your next stop is bottom line. You get the next stop is $8.46, and we'll see if it can handle this $9.22. They will be coming out with their numbers on not until October. And bottom line is that they come out and let's see strong second quarter results. They get some action happening. Here we go. Okay, the revenue, gold revenue is 191 million earnings per share was two cents, you know. The gold output, they see gold output from 440,000 to 480,000 an ounce. Now what you're gonna see, this is where it's gonna get really intriguing because what ends up happening inside the commodity market, if in fact that we can get gold and silver to stop moving, if the dollar's gonna come back to 101, you're gonna see an expansion a big way. In particular, you're gonna see an expansion because they've been down for such a long period of time and we had no sellers for a long period of time. Okay, we didn't have buyers, but now all of a sudden the buyers step in. If you get buyers stepping in, it's a very small market, that thing can explode in a monster way. Always remember folks, the bear can claw your heart out, the bull can run you over and thank God, there's always another trade. Health happens in prosperity, have a great night, have a safe night. Don't forget, come back and visit Tommy tomorrow morning, kicks us off nine o'clock in the morning, great show. Yeah, we'll get him folks.