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What's going on? Well, just enjoying the heat of the summer so to speak yes Yes, I went out I hadn't played golf for a couple months because of my trip overseas Yeah, finally got out yesterday or on Saturday, you know playing golf in Florida in the summertime It's the only thing I could do where I can go out play a game of golf and come back four or five pounds lighter You know That's for sure. Well Rory wasn't four or five pounds lighter. That was freezing over there. Wasn't it? Yeah, you know That's that but what I really an extraordinary match over in Scotland You know, he the two shots that he had to hit to win the tournament on 17 and 18 were really, you know, amazing shots I think he I think I saw an interview Last night where he thought that maybe I was one of the but one of the better shots in his life Yes, no, that's what he said You know it was a shame if you didn't see this folks, okay I mean he's he's amazing anyway But and the pressure was on and he needed this last birdie and he got it and I can understand why that the cameras Couldn't get it because everyone was around the 18th, right? Did you see that like everyone's sitting there wait like oh, no I can't believe we can't see this shot I know yeah, and then and then the way he reacted folks was so cool because he I just there's a couple different things you can take from that like oh my god I actually finally did it. Oh, yes, that was just a classic like oh, I love it. That was pretty cool Then it was a good good sports day overall, you know for summertime with that with Wimbledon You know great match between oh, yeah, and and and crazy Yeah, you know really and then you guys are really scored with messier. I mean this is a whole different ball game Man Friday night is gonna be insane over there. Yeah. Yeah cheapest ticket 200 bucks. That's the new league section So I'll go down there. I'm just gonna wait. Yeah, it's worth it. Yeah. Yeah, I mean I got I'm not even into soccer But guess what that's what happens with a messier, right? Yeah, you watch him play and so it's gonna be perfect for it's gonna be perfect for South Florida So looking forward so at the first charts that actually have up on my screen It wasn't really preparing on discussion It's but it actually kind of follows through with with the with the discussion I want to have today and that discussion is has gold made a major bottom But you were talking about earlier just before I came on you know If we can figure out what the US dollar index is doing then you can figure out a number of other elements in the market So what I've got up here I've got the futures contracts for the euro the yen and the great British pound the three Currencies that are gonna impact the US dollar index more than anything more than the loony or the the Swiss Corona the Frank. Yes here if we take a look at the euro, which is the upper left-hand side I've got the futures contract up the same thing if we looked at the currency pair today is going to form bar number 8 Tom of what I refer to as a TD 9 count pattern Okay, and 90% of the time when bar 8 successfully makes the high of that pattern here We're talking about tops it will go out and actually complete the pattern What needs to take place tomorrow is the close needs to be above the close of this bar bar number 5 and that close on the futures Contract was at 1.1 176 odds favor that this will complete a TD 9 count top tomorrow Regardless of whether price trades higher or lower now the pattern itself doesn't complete until Wednesday It can form on the bar following bar number 9 So the euro is signaling to you and I to prepare for the US dollar index to form some type of bottom With I think it's about 57% for the euro if we take a look at the Japanese yen You got to kind of reconfigure this here because I'm using the future contract But here's what I really want you to know about this is prices made a rally Right up to the solid green line and that is the breakdown resistance level So that is held sometimes a pattern can be just getting back to support or resistance So in this case here the yen has gotten back to a resistance level But if we take a look at the great British pound we see a to be equal CD patterns for both the euro and the great British pound But the great British pound is going to complete a TD 9 count top today It's gonna confirm that pattern today. It'll complete the pattern tomorrow So what should take place here Tom? We take a look at the great British pound and the euro both of those should pull back to their to their green Oscillator on change lines out there. So that should at least we should see some type of rally I believe it would begin by about Wednesday or so in the market for the for the US dollar index I just thought I'd throw that out there any questions about about that those shirts. No, no, no Perfect. Okay. So let me change windows here because what I thought we would do is I would that's weird Okay, here we go get to my screen. Okay And the question that I posed for everybody out there is has gold major major has gold made a major bottom So here's what I take a look at what one of the things that I know and folks You can go back there and study this too when gold makes a major top same thing for the S&P 500 It does so in all the major currencies at about the same time usually right on the same day Gold priced in US dollars generated its all-time high the week of August 7th all the way back here 2020 Whereas gold priced in euros yen great British pounds, they've gone on to make newer highs So the point of this chart is we have not seen an all-time high in US dollars Not based upon the fact that the markets when they do top they'll do it all at the same time this is gold priced in all major currencies here I've got the yearly charts out here and They real bull markets we're gonna see price rising all at the same time So that's something to take into consideration here if I go down from a yearly chart Tom to a monthly chart We can see the rally off of the 2018 August lows out here rallied right into August of 2020 It shouldn't be August 2020. I don't think it was August. It was July of 2020 might have been August So the August 2020 top out here then led to a bottom for gold price in euros yen and pounds in March of 2021 so what people to notice is the left-hand chart here is in US dollars On the upper left-hand corner Then we've got it gold priced in in euros on the upper right-hand corner then in yen on the lower left Pounds on the lower right and what I want folks to really pay attention to is when the low in the other Currencies took place and that was in March of 2021. You can see that in the bottom left here Whereas inside the US dollar that didn't take place until November of 2022 out here So what we can see here is that? Gold has been rallying in euros yens and pounds since that bottom It's something to really consider now we take a look at gold here It's going to make new all-time highs again pricing euros yen and pounds, but not so in terms of US dollars again This is just telling us a major top is not formed for gold. This is the monthly chart for gold This shows that it's rally from 1999 to 2011 during a major bull run out here The important thing to take a look at here is on a monthly basis all those Retracements were two bar knee jerk reaction lows and if we take a look at where we're at right now What took place in June? We had a two bar move to the downside It's why I put all that together that is it indicates to me that we may have the potential for a major bottom That is going to start in gold and move to the upside. This is the daily chart for gold It generated a wave number seven bottom if you take a look at the daily time frame It generated a TD nine-count bottom They go gets over a generator roads meant to mitigate her bottom the weekly charts are have broken through resistance levels I believe time that gold has made a major bottom and folks It's very easy to get Steve's newsletter come over to our website at TFNN You're going to the newsletter is gonna see it right on the right-hand side Steve you have a great one safe one Of course, we look forward to the show tomorrow morning. Thanks Tom. Thanks, man Stay right there folks who come right back