 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 Alan Homosassa. Hey, Al, what's going on? Isn't it wonderful, this gentleman here with the gold report right before the market fell apart ended up with P-A-A-S. We have a 98% gain in the year. And I mean, we want 99% proof like Irish Whiskey, but we have a good game there. You always told us to do what we feel comfortable with. And if I lose a little bit of money on the table, I will. But I know that I just pocketed $8,000 or $9,000 in two weeks. That's a beautiful thing, man. Now, Tom O'Brien. Welcome, folks. March 20th, yeah. So if you just listened to that program, folks, that was Dave's last program, unfortunately. And I'm just going to go through when I met him what he's meant to all of us. We're going to put a full show together. First off, I want to thank all the listeners. I want to thank all the hosts. We've got a huge amount of emails. What happened, folks, is that, unfortunately, Dave passed away on St. Patrick's Day. But what this is going to be about right now is celebrating his life, celebrating. I met Dave. Dave came up to my office. This is when I first got to Florida. The thing is, wow, you hit that ad over 20 years ago. But I was just doing the numbers. And actually, Dave came up to my office 23 years ago. And we were on West Bay. And he had said to me, he was a listener. And he had just finished a software. He worked for a software company. He just finished a software company. He says, I think I can do something for you. I says, oh, yeah, well, can you do for me? He says, well, you do this volume deal. And I'd like to work with you. I said, this is great, man. Do you know what I mean? So I came in. That's how it started. So he's been with TFNN for a long time. He's had a show, I think, for 15 years. But behind the scenes, he's been there for the whole, well, for 23 years. Great guy, liked to sail. He sailed a lot when we first met him. Had a couple of schnauzers. Loved his dogs. And what happened, unfortunately, this is the thing that I've had to say, and yesterday's gone, tomorrow's not here. What are you doing right now? It's important that we all understand that right now. And when I say right now, I really to understand, if you get an answer from someone and you don't like that answer, fight for that answer. Because I suspect Dave fought for this answer. Because when I talk to his niece, what ended up happening is that he never misses a news. He doesn't miss anything, you know what I mean? If he's going to take off, we know it like three weeks ahead of time. So what ended up happening is that he didn't have his newsletter on the 15th. No, on the 15th? It was last Tuesday and Wednesday. Wednesday and Thursday, rather. And as soon as that happened, Tommy knew our thoughts was something wrong. He set the cops to his house. The cops, you know, there was a note in the door that said, you know, I'm walking to your dogs, Dave. And the cops said, well, listen, everything looks all right. Then that just didn't seem right either. So then Tommy sent Jacob to his house and we left the note of his house. Bottom line, we got a call later that, yeah, he had a massive heart attack. Well, no, we got a call later that he just passed away. I talked to his niece over the weekend and this is the real thing that is insane, folks, OK? So what happened is that Dave finished that show, the show you just watched. He finished the show. He went to the hospital because he wasn't feeling good and he felt that it was his heart that he told me because all the way down his arm was all getting numb. Bottom line, they sent them home. As they sent them home, he unfortunately collapsed right when he was in his doorstep. You know, so there's something wrong with that whole deal. But I got that off his niece. They're dealing with it and it's not a cool deal. But as you just heard that show, he had a lot of great things going for him in a big way. And listen, life is precious. And it's like, wow, it was great hearing his voice. I loved hearing his voice. And you get to cherish all of that. Because the bottom line is that life is fleeting, man. Yesterday's gone. Tomorrow's not here. What are you doing right now? Well, we're always going to cherish our man, Mr. Dave White. Tommy and I, all of us, we're going to get a nice remembrance together from the listeners, from clips. And we'll have that out in the next month. No, I mean next couple of weeks, OK? So yeah, just like that. That's the thing that's crazy. So the other side of that, too, I've been close enough to my supervisor of the construction company had a similar deal. And what happens if you do have heart problems, folks, what happens is that you've got to go to the doctor. And because it seems that if you make it through the first one, you're OK. Because there's so many things they can do now. The deal is when you don't make it through the first one, that's the problem, OK? So Dave, I'm sure you're up there and getting us some option advice. So we'll see where these dailies and weeklies options go. And we miss you then. Market-wise out here, folks, that was up 285. NASDAQ's up 14. SAPs are up 25. Gold, gold contracts up 1280. That's trading to 2003. It's silver up 21 cents, 2265. LightSuite crewed up 64 cents, 6738. Notes and bonds, a 10-year note down 24 ticks, trading 115, the 30-year down a 0.5, trading out at 131.13. And then KingDollar. KingDollar right now is trading down 378 ticks at 103.331. I'm sure you heard over the weekend that you get the UBS is basically taking out Credit Suisse. And then you have these AT-1 bonds. Now, these AT-1 bonds that you hear any about, folks, OK? Like PIMCO lost $870 million on it. And VESCO lost $370 million. BlackRack lost $113 million. What they're called, they're called hand-grenade bonds. I mean, when I started this business, it was the bonds that got me going. These were hand-grenade bonds. And what hand-grenade bonds that they knew that they could blow up and blow up in a monster way. And bottom line, they blew up. And these bonds came into being after the fiasco in 2007, 2008. We don't have them in the United States. They did this a different way in Europe. But they were basically, if your T01 went under T01, these bonds came into play. And they literally were called hand-grenade bonds in the business, OK? So they got a trillion dollar loss. Well, that's their problem, OK? Because the bottom line is that risk is very important. Stay right there, folks, you'll come right back. We have the Dow. Dow and Desk Jills up right now, up $292 million. Nasdaq is up $16 million. S&P's up $26 million. We'll come right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals. 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Toll free at 1-877-927-6648 internationally at 727-873-7618. Well, welcome back, folks, to Dow. Dow Industries right now at 280 at the Nasdaq, up 13, S&Ps up 25. Let's get over to our mammas to Steve Rhodes as we do each and every Monday at 20 past the hour. And don't forget, folks, Steve's does an outstanding show here every trading day, 11 to 12, Eastern Standard Time. Also has a great newsletter, a Mastering Probability. Now, it's very easy to get to Steve's newsletter, folks. Come over to our website at TFNN. Go on to Newsletters. You're gonna see it on the Mastering Probability on the right-hand side. You can get Steve's newsletter for one month for $149. You can get it for six months for $695, which is a statement of $199 or 22%. And you get it for one year for $1195, which is a statement of $593 or 33%. Now, when you get Steve's newsletter, folks, you are gonna get a huge amount of information because, of course, he has many things out there between the TD count, his oscillator unchanged line, just a great amount of information that bottom line that you can take advantage of. And when I say take advantage of, well, you actually can take advantage of because you can go out there and get it for 29 days. And if it doesn't work for you, you don't have to pay for it. Bottom line, it's a 30-day money-back guarantee. So check it out. Steve Rhodes, how you doing, man? Hanging in there. Yeah, yeah, such Jesus. I mean, excuse me, but it's like, man, weird. You know what I mean? No, totally. But, Tom, each of us here, oh, you had debt of gratitude. Yeah. You know, had you not met David, as you talked about 23 years ago, he would not have been such a key part of our life. So, you know, very grateful. That's so fast. I can't even believe it. When I heard the ad before it's coming on, I says, hold it. It's more than that because I remember it, folks, by the office we're in. And I've been out of that office that long. That's how I remember it, so. Yeah, great guy. And now, and you know, you've created this amazing family with inside the TFNN community. So I think there's a lot of family members kind of pissed off, knowing that he took himself to the hospital. Yeah, that's, and we're finding out, folks, this is what's going on. See, his family is spread across the country. Well, unfortunately, his mother and father has died. His brother and sister has died. He only has nieces, right? And they're spread out there in Atlanta and Chicago. And, you know, I'm trying to find out the hospital. I think I know the hospital. We have one hospital around here that it's, I mean, it's disgusting. I mean, they've had problems forever. And, you know, anyway, so. Yeah, well, I think his brother passed away from a heart attack if I'm not mistaken. He did. He did. Yeah. Because I was talking to the brother's daughter. That's why he's talking to it, right. Okay, perfect. So now you've got this guy, you've got David going to the hospital. Hey, it's in my family. My brother, you know, a few years older, what have you, you know, passed away from it. It's unthinkable. Yeah. It's just, unless there's something that we don't know, you know, it's certainly something unthinkable. So yeah, it was great. Thanks for replaying that. Yeah. I mean, you know, I thought it was great hearing his voice. I mean, that's, you know, I mean, there's no doubt. You know what I mean? It's so good. And then it was great. That's Steve from Austin called, man. Because if you know Dave folks, I mean, you know, Dave is Dave, man. And that was right up his alley. Perfect. Yeah, absolutely. Yeah. Absolutely. So, you know, I can certainly be the gold standard for his teachings. I think that his teachings from any of us will just simply live forever. And that's a beautiful thing. And so, you know, again, Tom, you know, so grateful that you took the actions that you did and he became a part of this, this family, this hotel, California. And we're going to miss him dearly. We are well. There's no doubt, man. Yeah. So I thought maybe just go ahead and stick with gold here. Okay. Since we're talking about a gold standard of an individual. And folks, this chart here is taking a look at gold priced in dollars, which is on the left-hand side, euros next to it, then yen and gold priced in pounds. And those folks that have seen me talk about these charts here where I took a look at different instruments priced in different currencies. Real rallies are where the price is moving up in all major currencies. And what I found, Tom, and going back and taking a look at gold is that when it tops out, it will typically top out in all major currencies at or very near the exact same time. The purple line that is on these charts here, they represent the month that gold made its high in US dollars. So if that's true, and that gold will form a high at the same time, well, we can see based upon how gold is traded in euros and yen and pounds, which have taken out those time periods, gold in terms of US dollars has not made a major top. And we're likely to head to new higher highs out there. I don't see like that, I believe that we will. If you take a look at gold priced in yen and pounds, they've already made new well-timed highs this month. Yes. And euros just missed it by a smidgen out there. The gold contract happens to be, at least it was when I put this together made about an hour ago, it was traded above its February 2nd swing point, and it was doing it with volume. And that sets up a potential A to B equal CD to the upside out here. Now, I say potential simply because gold is trading into a swing point from March 7th through March 11th. And if we switch over here, so I've done, Tom, as I'm going from the gold contract just to maybe make it easier for the audience, nearly everybody has got access to the GLD. Yes. Not everybody has the GLD. Yeah, that's a great way of doing it, Steve. Right, so we could see what's going on in gold. Now, here's the GLD so everybody can do this. In the case of the GLD on the left-hand side, we've got the daily timeframe. We can see that it took out at swing point at 181.73. The bottom line shows the 7.9 million shares was a swing point volume. You take a look at how we took that out. It was with massive volume. And this gives us an A to B equal CD to the upside with a one-to-one price projection of 199. But, Tom, as you've taught us, gold is not likely to do just a one-to-one. It'll expand itself. And plus the retracement here was only 43%. And the move along the C to D line, it's on the left-hand side. All of this is on the strong side, suggesting a move up beyond 199. 207 would be the one-to-one point 272. When I take this to the weekly timeframe, here's where we can see that we're running into some issues. The swing point that it's trading into has got big volume. 135 million shares out there. Right. So that's the issue that we're gonna be dealing with. And we could see some choppy trade. On the monthly chart, everything looks great. It's above the top of its profile, which is resistance, folks. And so suggests that it really wants to move higher. So again, to summarize this chart, 199.35 is the one-to-one confirmed A to B equal CD to the upside on the daily timeframe. And so I'm suggesting because we're moving into this volume period, just for folks to fasten their seatbelts out there. And so even on the weekly basis, we also have the cool thing here is we've got a confirmed A to B equal CD upside on the weekly basis as well. I just think we've got some issues, some volume issues to deal with. I don't see any real topping signals other than. And so in honor of certainly David and Bud Rolfs is the reason that I put this chart up here. Here are Bud's horizontal trading ranges or primary trading range boundary lines. I've got both daily, which are in blue and the green ones are the weekly time periods out here. So there's resistance. This is for the GLD now at 186.18, 188.64 at 199.35. If I take a look at the, if I'd step out instead of looking at a weekly chart, this was a weekly chart, Tom. Here's a daily timeframe. And it just have just the daily horizontal trading ranges. Turns out that at 186.18, which is the next horizontal trading range, ties into this 186th level where we should run into some resistance. So I want folks to watch 186.18. If we get above that, that should help us to again get off to that 199 level. So, you know, in summary, all these other things, all this stuff doesn't matter. You know, we are gonna miss our good friend, David White. Yeah, and thank you so much, Steve, for all your work. And putting that together, because there's no doubt folks, what happens inside the gold market, it's always very tough and it's not gonna be easy even though the crisis is out there. And our man Dave, our man Dave is sitting right up here with us, babes. Right here. He is. There we go. Thanks, Tom. Have a great one, Steve. Have a safe one. Thank you. Stay right there, folks. You're coming 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, the XAU, 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 in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern, for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. TFNN has just launched their new trading room, 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, and now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of 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 investors right now up free 27, Nasdaq's up 21, S&Ps are up 30. Let's go to our man, Frank Aguasta. Hey, Frank, what's going on, brother? Hey, Tommy, how are you? Hey, first, Mike, condolences. Thank you. It's always a ton of bricks when somebody close to you, something like that happens. A good way of saying it, a ton of bricks. It was so easy to listen to. Yeah, yeah, we were all listening to it upstairs and, of course, what ends up happening, folks, is that every day, I mean, I listen to every show every day, but in this particular case, we're all listening to it very closely, you know what I mean? So, yeah, there's no doubt, there's no doubt. Well, hey, the rest of you guys, take care down there. Watch out for those hospitals that don't work. I know, listen, man, I can tell you a couple of stories about that hospital, but it's not worth it until I really find out, but yeah, and, you know, all our choices are very important, folks. That's the bottom line. That's, you know, if you learn anything, because what I can't still figure out is that he was still a meticulous man. I'd love to know what, you know, well, we're gonna get to the bottom of it. I'm gonna find out exactly what happened. Yeah, yeah. So what are we gonna look at, Frank? Well, all our, as they say in Boston, all our, it's a stisco gold royalty. Oh, yeah. I figured with, you know, with Royal Gold doing so well from time to time, not much lately. There's gotta be somebody else in the royalty business. And this IPO back in 2014, the monthly chart is a trip because it keeps bouncing ping pong and ball back and forth between about six and 12 or 14. Okay. Recently broke the swing high with more volume and I'd like you to take a look at. Let's take a look. So you get, the low for the year is $9. The high is 15. This is a streamer. You can see that, you know, they only have 28 employees, but what ends up happening is that they are taking in right now 58 million a quarter, you know, bottom line. So it looks like most of their gold is coming out of South America. And yeah, 217 million of that. And so it's a streamer. And what happens with a stream of folks, the way a streamer goes is this, is that they are getting, it's like they operate as a bank. They are getting a gross percentage of what comes out of the ground and they sell. Now the reason that that's so cool is that it has nothing to do with their expense ratio. And this is what ends up happening. I've read plenty of these. If you see one of these streamers, they do a deal with another company. If you actually go through and read the whole prospectus, it's worth it. Because what does happen is that as the price of gold goes up, the stream actually has kickers in it that the stream goes up also. Now I'm not talking about the same level. Let's say that you're getting a stream of 2.5% on gold, right? Well some of these, that's at the price of gold of 1,500. Well it goes to 1,750, well then they get in 3%. It goes to 2,300, they get in 3.5%. They're all set up differently, but most of them are like that. It's not that it goes down, it doesn't stay steady. There are different levels that the streamer itself is getting a kick up. And that's a huge deal because when you get a kick up like that, you're talking about a kick up on hundreds of millions of dollars, you know? So, yeah, it's a great business plan. There's no doubt. So if we take a look at this, is royal gold set up that way too? Yes, yes, yeah, exactly. It's royal gold actually that I found this out about when I start reading them all as is Franco Nevada. And some of these kick ups are huge. And what ends up happening is that if you wonder sometimes why a streamer will go up so much more dramatically than some of the other gold or silver stocks, that's one of the reasons. Another reason that you're gonna see when gold and silver starts moving like this is that there's a ratio that the amount of ore that they take out of the ground and the cost of that ore, once it gets over a certain cost, then if you wonder sometimes, why did this stock go up so much? Is because of the fact, folks, that everything goes to the bottom line then. So you have a stock that's lagging, then all of a sudden the gold kicks in, all the silver kicks in, and the stock goes bananas. That's when that mine becomes so successful that that's what you'll see. Yeah, this is strong, Frank. This is strong. This is, my take right now is that they're all gonna break eyes. But as just as Steve Rhodes said, we've been doing this long enough, right? They're not gonna make this easy. That's the bottom line. But you can kind of just look around and say, okay, man, when you do the numbers, so this is coming, we'll stay with this for a second, Frank, and then we'll get into the bigger picture. This is coming into that last swing point of the 1512. You're at 1480, 1512 on a monthly wage, 15 million. Well, it's already done 17 million. So that's telling me it's gonna basically break topside. So yeah, I mean, that's something you could get your head wrapped around. Because I suspect what we're gonna see is this, folks, okay? Is that since I've been in the business, going all the way back to like kind of 1980, right? It's about every 14 years that you have a blow up and they gotta put more money into it. You have a blow up, they gotta put more money into it. So what happens is that because we're dealing with larger numbers every single time, gold and silver, okay? They don't go exactly on these larger numbers, but when they go, they go and they take everything at the same time, meaning they accelerate very quickly. And I think that's where we're at right now. And the reason, this is the reason, this is my reason, because see, the last time that we were up here, right? And Steve was bringing this up that it didn't, gold couldn't make it. And there were plenty of folks that would, we're in that market thinking that, okay, no, no, no, we're gonna go this time, okay? Might take at that particular point because we went up so high so fast that I just don't see it, right? So what ended up happening, you know, we had gold going from the 1600 all the way up to the 19. And then you had the retracement. What I loved about it, we had the retracement going right back to the November rates sign of strength with light volume. Now all of a sudden out of nowhere, it takes off. And that's what you need for higher price, that it comes out of nowhere after it's got sucked down once again. So, you know, we'll see where it shakes out. I mean, I suspect that you're gonna see more bigger players come in and you don't have to buy a lot of gold, folks, for gold to explode, you know? So I think that's where we are right now, Frank. And it is gonna be choppy, you know? Because the feds, the treasury, they're gonna pull something out of their hat. They always do. And they have to. I mean, that's the reality. It's basically save the banking system. So, you know, who knows what it is now? You know, you can see it with First Republic Bank. You wanna hear something crazy, folks? This is nuts. 15 years ago, UBS, who just took over Credit Suisse, UBS was saved 15 years ago. That's a legacy bank. That was down the tubes. So now it's like, okay, I was looking at that and saying to myself, this is crazy, man. So I think the mantra is you watch it every 12 to 15 years. But UBS was down the tubes. They saved it 15 years ago. Guess what? Yeah. Yeah. You're right. Thank you. Watch out for those hand grenades. That's a sure. No doubt. Stay right there, folks, to come right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options report is a newsletter you should try. 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Let's go to this first republic. This is really turning into a trip in itself as to just kind of laying there. They didn't get a buy, they didn't shut it down, and now what you have folks, you can see this right now, we're down $11, okay? It broke the lows of last week and you get an acceleration of volume. Now this is gonna be a big deal because of the fact that Jamie Dimon's been out there, he put together a bunch of banks that they put in $30 billion, try to save the deal. That hasn't worked, you can see that clearly hasn't worked. And one of the main reasons that he did that, and JP Morgan, because JP Morgan Chase did so much business with this bank. This bank did a huge amount of business with JP Morgan Chase, meaning fee structure wise, JP Morgan Chase, bottom line, made a lot of money on this bank. That being said, it's just a matter of what this bank is gonna be tomorrow morning because what you can see right now is that our officials aren't actually working fast enough. This, see this right here, this is gonna spook people because what's going on, so picture, what normally happens is this, is that Tommy was talking about this on the show this morning, is that when they were taking over signature bank, the deal had already been done. No, I'm sorry, credit Swiss. When they basically, when the Swiss National Bank commander said, okay, we're gonna backstop it, well the deal had already been done, meaning that they knew that UBS that was gonna come in and take it over in the whole ball of wax. This particular case, this is a mess. And what this is telling me here is that the deposit is, I'm not waiting because this is what happens and this is what's so dangerous about banks in general, politics in general, as to who do they save and who don't they save. And that gets down to your Rolodex. When we went back to that, Lehman never thought that they were gonna go down, folks. So I'm just right to the very end. I mean, Dick, whatever, what was his last name? I mean, he was going out of his mind saying, I can't believe that you're not gonna save us, you're not gonna throw us a lifeline just through Bear Stearns and to J.P. Morgan bottom line is that that's what's going on here right now. And I suspect what's going on with First Republic is that the big dogs are getting out because what you don't know is that all of a sudden the Treasury and the Fed turns out, says, okay, we gotta let them go because at some point that's what ends up happening and that's what happened with Lehman. The first couple banks they saved, right? I mean, they got wiped out pretty good but they saved them, right? Because they saved jobs. And this particular case, I'm sure people that have big money at this end, okay, well what happens if they don't save it? And that's, you know, that is, that's, I'm not sure it's on the table but it's not a hundred percent that they are gonna save the bank, you know? So I suspect what we're seeing right now is that whoever is unloading this is going to be as knowing that right now, they're just not too sure about what is going on. Oh, here we go, let's see what this is saying, okay. So let's just come across, oh, look at this. This is insane. So the Federal Home Loan Bank issued 304 billion in debt last week, this just came across the tape. People familiar with the matter, who asked not to be identified, that's double. So listen to this, that is double the liquidity, hungry lenders tapped at the Federal Reserve. So that being double, that means we're at 500 billion therein, this is heavy, man. Yeah, so just so you can understand, these are backstops, okay? But, you know, you know, 500 billion here, 500 billion there, now you're up to trillions. Now you get some real problems out here. And again, you know, now the First Republic, now we'll check this out, man. This is what's really intriguing. Do you remember last week, I was bringing up the aspect of the Silicon National Bank, Silicon Valley Bank rather, that what was really happening is that the Federal Reserve was actually saving our US bond market. Why? Because the way that they went upside down is that they bought, I think it was 90 billion of 10-year bonds paying 1.3%, it was a bad trade, that's the bottom line. There was on their books, so of course, what ends up happening is interest rates go up, the price of bonds go down. So if that was you and I, we'd have been bankrupt, that's it, house cars, kids, the whole thing gone, right, overnight, and they had to come in and save it. And so my take on that really, when it really comes down to this, you know, really saving our own note and bond market. Now, First Republic's not in that situation, where First Republic is, is in the municipal bond market. Now, same type of deal, okay, but different. So it's like, okay, so you haven't come in here yet, and the longer that they don't come in here, the more it's saying to me that that's what's really going on. And if the market ever gets a whiff, that that is what is happening, meaning the fact of the matter is that they're coming in and trying to save our own bond market. Well, let me tell you something, that'll be really that. You know, and the reason I'm going there folks is because of the fact that what the Fed has done, this is to all banks now. If you have, this doesn't count for municipal bonds, but if you have treasuries, and those treasuries only worth 80 or 70 cents on the dollar, the Federal Reserve will take that for collateral and give you 100 cents on the dollar. Well, you know, we know what that is, right? I mean, that's like alchemy, right? That's the bottom line. Now, they've done it, you know, so the real question is gonna be, you know, why haven't they done it here on municipal bonds? Well, they haven't done it on municipal bonds because guess what? That's state by state, city by city, and all of the above. So we'll see where First Republic goes. It's really surprising that they didn't have this together Monday morning when we woke up. And what that's about also is about greed. That's about greed on the shareholders and the strength of the First Republic folks and probably a couple of other bankers out there, you know, because they know what does happen is this, the system might take systems not gonna fall apart. But you'll have a couple more banks go out of business and the bankers themselves know, I just gotta hang on, I gotta hang on. You gotta get over the hump. Once you're over the hump, then you're all right again. What I've seen on humps folks, humps are good two and a half to three months and we're only at the beginning of the hump. Dow, Dow industry is up 401, Nasdaq's up 55, SAP's are up 39, stay right there folks who come right back and get the gold up 1150, silver's up 19 cents, oil, 67 bucks, stay right there, come right back. 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 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. 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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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com then hit watch Tiger TV. That's TFNN.com then hit watch Tiger TV. Welcome back folks to Dow. Dow investors up 395, NASACs up 46, S&Ps are up about 37. So we have the Fed start tomorrow. It's a two day meeting. Let's take a look at this. You're gonna have a two 30, two o'clock on calendar. Two o'clock on Wednesday, they will come out with their statement and then at two 30, that will be the news conference. And you know, right now, I mean, before this banking crisis, it was a goal for a 0.25 raise in the Fed funds rate. Right now we're 4.5 to 4.75. And of course, the whole kicker here is that, oh, if they don't raise it, they're paranoid and if they do raise it, then it's like, okay, that's gonna squeeze everything even more. Somehow I think he's gonna thread the needle here and probably do it 0.25. Cause he had the guard last week. She did a 5-0 in Europe. It didn't wreck the Europe, you know? So I suspect in order to basically just keep things somewhat on an even level, you know? But they're gonna have to do this first republic because the first republic, I suspected, they had to do that before Wednesday, man. Cause first republic right now, it just got caught in half again out here today. So that thing's gotta get cleaned up. That other thing doesn't get cleaned up. That'll be trading down to $2, you know? Like ASAP. I mean, there's just nothing there, you know? And the further it goes down, the more that, you know, the heat's gonna come on and it's just gonna, you know, go. Look at the first trade today was 1.2 million shares at $18, if you're looking at this. The next trade, $600,000 at $21. Look at these. And then now down here, look at this, let's see. Then we get $880,000 at $13. These are all, these are block trades that I just put up here, folks, okay? Big, those folks at the very beginning of the day, they must feel so great right now, even though they did lose quite a bit of money. Always remember, folks, the big and 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. Come visit Tommy tomorrow morning. Kicks us off 9 a.m., great show, folks. Look at him, folks.