 of T F N N. 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 Tamp. Hey, Al, what's going on? Oh, it's a beautiful thing. I mean, if your listeners don't get the gold report, they're missing out. I mean, with your gold report, you just print in money. I love it. You're my best dad out there, Al. Let's go to Jeff in New Jersey. Hey, Jeff, what's going on? Great. Hey, listen, I was calling to thank you. A few weeks ago, you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out, and just a couple days ago, I found $1,000 in my business checking account. That's awesome, man. That's awesome. I owe it to you, because if it wasn't for your prompting, I would have just assumed, you know, no way I would have gotten anything. So I wanted to thank you. No, we appreciate you growling a problem when I see it. Now, Tom O'Brien. Welcome, folks. This is Jacob Schoop. I am joined today with Tommy O'Brien. Tommy, how are you doing? Good afternoon, Jacob. I'm doing great, man. Looking forward to it. Absolutely. Before we begin, we have the number. It's 1-877-927-6648. You can also send us an email at Jacob at TFN.com or Tommy at TFN.com. Today, we're also gonna be joined by Basil and Tim Ord. So we have quite the show for you today. Well, Tommy, I mean, let's look at this, right? The ES completely down here. We have bond rates going up. I think it's something with the 10 year up higher than it has been in the past 16 years, which is quite significant. What's your look out on all of this here? Boy, these yields are something else, man, right? I was gonna ask you the same question. You beat me to it, but even from where I was this morning on the program where we were this morning on the program in terms of where we were on the 10 year, it looked like we might get a little bit of a reprieve of the lower price that we had seen. And I got off the program at 107.09 and just like that, man, we're at 106.19. The 10 year is above 4.8%. So a pretty startling move. 8% is the number for mortgages, man. I was looking at, I think, one of the articles on CNBC. I know they like their clickbait, but that number inching towards an 8% mortgage. In your generation, and I have a few years on you, more than I'd like to admit, but what is the consensus? I was gonna ask you, man, about these yields because 8%, the buying power, of course, we all know it, but what do the people that you hang out with, they talk about 8% because what happens in that market, it feels like that's a tough number on the mortgages as we know, car loans, et cetera. How do you look at that number, man, on yields? Definitely. At least in my group of people that I hang out with, as I've gotten older, we've obviously gone into people making some more money, being able to get into the home. But what I've found, and I think this is what's so valuable about this kind of programming, is I'm 27 years old. There are plenty of people my age even a few years older who don't see how this is really gonna affect them at all. Let's say first, you don't have a lot of people who are going into buying homes, right? So there's a very large barrier to entry as it stands now. I think mainly because there hasn't been a lot of education at an earlier age regarding getting credit up, what it means to have to take out debt to purchase something. As far as the automobiles are concerned, a lot of my friends are still going back, and these are people with jobs who have gone to college and so on and so forth. And they're trying to buy cheap cars, cash, like just flat cash. It's so hard for them to get a good APR on vehicles. You're getting something going up to like 20% for some of these people. And it's really tough, I think. And that's probably a much better financial decision anyway in the long term if you can do that. So hopefully it is pushing more people into taking out less debt, right? Especially at those types of interest rates and saving ahead of time. Not everyone's doing that, but that's great. That is great, the mortgage number. So yields is always what I'm keeping my eye on, man. And it is interesting on a longer term basis. We're at some lofty numbers, but we've been at some interesting numbers, ridiculous numbers in terms of yields since the financial crisis, right? So low for so long that it seems like that's changing right now. And we're seeing it change kind of right in front of our eyes and the market kind of struggling a bit as we adjust to that with the NASDAQ now off over 300 points, yeah. Absolutely, and you know to that point as well, you know, in my generation, I mean I grew up in a near zero interest rate environment, right? So having it now where you're getting this, you know, really high surge and just general Fed funds rates, how that affects everything else, right? And the idea that this might be persistent as time goes on, you had one of the, let me see here if I can get the article up, but conversation from some in the Fed, Gov Bowman, that a further rate in increase might be needed, you know, obviously that's going to exacerbate the situation with such high rates and press down these prices and the bonds. So, you know, I, looking, you know, going forward how this really impacts the younger generation, is we're going to have to wait to see, I mean, are they going to even get out there and get a loan or something like that when you have rates so high? I have a feeling this might be out of a lot of their reach. So, we'll have to see what comes up with that. It's quite a number on the housing front when you're taking out a 30 year mortgage and you go from three and a half to 7.7. That was number 7.7 is what it was inching towards 8% on a 30 year mortgage. The next interesting part is what happens if we do get that pullback over the next three to five years for housing prices, right? Is that to, you know, release a deluge of supply of people that can eventually get out of the house that they were in for so long. So, you inch back towards a 5% mortgage and you think that's going to allow everybody to buy but actually it releases like a sale of a supply side. I hear what you mean. I'm not using the things I, you know, think about. Everyone's tied up, man. And the higher the interest rate it goes, the more tied up you are because why would you sell an interest rate that you got locked in for 30 years as we approach 8% now, yeah. Yeah, it's a fascinating situation. And again, I mean, for a long time we haven't seen something like this. You know, also going with the dollar as well, obviously this is depressing a lot in the metal market, in the general stock, the stock market as well. We're really maintaining this very high, you know, above 106 level, right? You see all today, I mean, we're hitting 107.34. Right now we're just under that 107 mark. And I think until we see something crack in the dollar, this is gonna be a, the market's gonna take a beating essentially. It's a tough one, man. You know, and I'm not sure where it finds a bid, especially ahead of the next Fed meeting when they really set the tone and things have really shifted since that Fed meeting almost two weeks ago. I was talking to Kevin Hinks today on my program and I was mentioning, you know, the two year, maybe it was yesterday. You back it up on a 10 day chart, on a 10 minute chart on the Thinkorswim platform and on the two year basis, we kind of had the entire move on Fed day, which was Wednesday, September 20th. The 10 year and the 30 year, not the case, man. It is just a marching to lower price higher yield since there to the tune of almost two full points on the 10 year below where it was on that Wednesday. So longer duration, just a different story right now in terms of yields really going higher, man. And I don't know where we end. Real quick, I had been talking about on my program. I know we're coming into the break here. But longer term, if you take a look at this 30 year, right, you talked about, you know, you're 27 now, I'm 43, but these are not crazy times when I bring it back to the years of prior to 2008 on the 30 year, Jacob. Yes. We're at like, you know, prices that were pretty high in that time. In 1999, 2000, when I was in college, the 30 year was at 90 trading. It's at 110 right now. That was not Reagan, you know, inflation. I was in college. It didn't seem like things were crazy. Meanwhile, yields were much higher than where they are right now. So we'll see, man. Absolutely. Well, folks, stay tuned. We'll be right back. We're going to have Basil join us as well. 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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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. Oh, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks. This is Jacob and Tommy and we have Basil on the line as well. Basil, how are you doing? I'm good. How are you Jacob? I am doing quite well. Just taking a look at the, just the massacre in the market. How are you doing? I'm doing well. So it's interesting you say massacre in the market. One of the things that we've got to be aware of right now is that it's unusual to have had the dollar rounding this high for quite some time. We've had it before, but it's been quite a while. Bond rates, the interest rates. You're talking about them just a moment ago and I'll talk about that in a moment, but they are really pushing exponentially higher in a short term. Over a period of time, some of us have been here before much, much higher prices. So it's nothing that I'm going to get too excited about. But there are a couple of things that are going on. One is the high that was made in the Dow on the 1st of August at 35,679, that was helping the weekly and the monthly charts get closer and closer to the all-time high of 36,952 made back in January of 2020. And we've plummeted down to 28,660 and we've come back. So what happens in October, since September was really a pretty ugly month, what happens in October by the end of the month is going to be really important going into November and I'll explain why. The pattern that we're looking at in the dating chart went to ourselves, we were fortunate for subscribers to open a call, we shorted the Dow right at the top on the 1st of August and we remain short. But one of the things that I'm looking at, we're trying to grab a long position just as a trading position, but the core short I haven't had any desire at this particular time to switch that back to long. Meantime, what we're looking at is there's a pattern that I've been discussing for some time and that is where I use, I call it the indicator of last result, it's where the nine exponential moving average and the nine period and the 14 period exponential moving average cross positive or negative. And I'd waited and waited, we got a sell signal on the Dow based on an unbalanced volume and the inversion of the DOG to the diamonds and that worked out fine. But I had to wait for a sell mode in the Dow based on this nine period exponential moving average. But you can see in this chart here, this nine period moving average on the weekly chart has crossed negative and that just tells me that we're accelerating to the downside. And if you look at the S and P up until yesterday, the cash S and P did not show an S meaning the nine went under the 14 and it did that very briefly back in December to January of this past year, January of this year. This is the first time it's done it. And you can see the distance between the price of the S and P is a closing price on the Dow, on the S and P and you can see the nine period. So it's just barely crossed and you haven't got it yet on the QQQ and the SMHs that's the semiconductors are still holding quite well. I should mention though just in terms of our record, we did short the S, the semiconductors two points off the all-time high that was two days after the actual high was made. Here it is. So these two are really key indicators because you can see in this weekly chart of the SMHs, semiconductor Venek ETF, it's been underneath the inside track. It was a propellant zone, now it's a repellant zone. So this little mini channel right here says that it's bumping into a lot of resistance and I always believe that where the semiconductors go most of the time the general market goes. So I'm watching that very closely but what I want you to point out is if the weekly charts by Friday this coming Friday if the SMHs as the SMHs and the S and P and the QQQ, the NDX 100, if they close with the pink with a nine period moving average under the 14 period moving average. Wow, that's the first time that that's happened in a long time. Then we'll start to look at the monthly. So just to abbreviate the whole thing, we're looking at sell signals to sell modes in the daily charts. Sell signal almost to sell mode in the weekly charts but we haven't got there yet. So I'm watching this very closely and then you were talking about the yield. So look at this, he has the TBT and look, when I'm looking at the chart it looks very overboard in the daily chart. Leg D and the Chapman wave leg D you've got to be a little bit careful. The same thing, break out down this cup formation in the weekly chart of the TBT which is the ultra short Neiman 20 at Treasury Bond ETF and look at the monthly chart leg E but wait a minute, I'm going to expand the chart. Yeah, we're going back to 2010. I'll squeeze it again. Look at this, I'll squeeze it. Oh, it doesn't, this one doesn't go back further. I don't know if the TYX does. So let me just see if the TYX.X if I've got that all notated. Yeah, the TYX goes back. You can see we're up here at 49 is 4.90% on the 30 year and if I squeeze this I used to have it going back years, decades. Well, this is to 1995. 1995, we were up at 70. So you can see that we've been here before it's the reaction of the market to the conditions. And I think that that's really the story and the other story that we're looking at here is the home builders, the HGX. This is the Philadelphia HGX, there we go. HGX is the Philadelphia housing sector index. And look at this tumble is taken from this double top. Let me just fix this up in the monthly chart. So 538 was the high in May of 2021 and 575 was the high in going to August of this year. And now we're pulling back. So you can see, if you try to put it into perspective we've had a spectacular move in the home builders that so far the monthly charts they say this is just a digestive phase but we've got to be cognizant of a lot of things that are going on here that hadn't gone on before. And I'll show you the same thing in the dollar. Look, the dollar is in leg E and the dating chart and leg B in the month in the weekly chart and the monthly chart had a high of 104. I should mention we are still along the dollar. 114.78 September of 2022 and it came all the way down to this 200 period exponential moving average support level. Now it's running. So a lot of this, if you had to take them separately they'd be, it would be fine. It's the whole thing. We're putting together a bunch of things with a dollar screen to the upside. Gold has taken a huge bunch. One of its deepest corrections has had in a long time. So it's the unusual situation but if you took them separately we've seen moves like this in each separate sector before. So I'm saying be cautious. You're going to get really good buying opportunities very soon. Make your list, get it ready and you can even tip toe into that just a little bit at a time but that has to be your plan. You don't want to be adding to a losing position. What you want is to be able to plan your positions but I do think that we're getting ready for some decent balance but in the meantime you've got to be very careful. Cash is at this point king. Absolutely, absolutely. You know, I'll say in the dollar too one of the things I think has been hard with it at least on my end is that you keep, and this is the way that I'm perceiving it and keep getting these like fake outs a little bit. We're all pulled down, you know and this is on a two week chart and then come right back up, stabilize out and then pull down again. It's kind of these weird fake outs to where it just goes right up and I'm having a hard time playing around that I think. But let me just show you something. Look, when you're looking at the overall monthly chart look it's just got these swings. This is just another swing, another digestive phase. Say, as I said, I think it's putting the package together and that's what's unusual but separately we've had, look, there's nothing unusual in the dollar's action so far, big routing and it pulls back. Awesome. So yeah. Well Basil, thank you so much. Stay tuned, we will be right back. 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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, this is Jacob and Tommy. We're about to have Tim Ward on the line, but he's not here yet. In the meantime, I wanna take a look quickly at Steel Dynamics, I speak about this all the time. Let me put it on the monthly. Oh, I think we might have Tim Ward. Tim, are you there? Hello. Hey Tim, how you doing? Pretty good, I'm here, so. And you're with Jacob and Tommy as well, Tim. So what are we looking at today? Welcome Tim, good to talk to you man. Yeah, good to talk to you. We've got all three of us on, huh? That's right. That's right. All right, actually we can start on chart one if you want. Yeah, absolutely. Let's get over to that right now. All right, so we're looking at the SPX on chart one. Yeah, chart one. Actually the first thing I wanna discuss, we were up five months in a row going into July, which is a second window up from the bottom. And this is kind of a momentum study. Go back and do a statistic in a nutshell. When you're five minutes in a row, that's never the final high. There's at least at a minimum one more new high if not multiple new highs. So it's a momentum type, I forgot what you call it. But anyhow, it's a momentum study. The last time we did this was back in 2020. You're up five months in a row. I got circled in blue on the volume chart. Went down two months, then you started making higher highs. We got a kind of a similar thing here going. So ultimately we're gonna hit a new high. If we're gonna just hit one month's new high or multiple new highs, it's unknown. But I think that the pattern that is forming here is the head and shoulders bottom. We're currently messing around on the right shoulder right now. And we have support on the SPX round of 4,200, which is basically the previous highs of that solace that started in April of 2022 and went on to April, May of 2023. So we're sitting on top of that sport zone right now. And a lot of times on head and shoulders patterns, there's a lot of similarities or rhymes. Another is that the left shoulder should rhyme with the right shoulder. In other words, the price highs and price lows should be about the same. And the number of the time sequence of the left shoulder should proximate to the time sequence of the right shoulder. And we're probably about done with this. So on a bigger timeframe, I think we're setting that support and the right shoulder is forming here. And so ultimately we're gonna hit a new high at some point in the next, I think probably this month, but we'll wait and see. But flip to chart two. All right, we got it up the VIX. Yeah, it's a VIX. And I showed this chart last week with Tom. I talked about a little bit about it. And it's actually, it measures the momentum of the VIX. So the faster the VIX goes up, the warm panic is, because VIX is called a fear gauge. And so when fear is around, VIX rises. And so I looked at it a different way. I looked at the acceleration of the VIX, how fast fear rises. And the faster fear rises, it's kind of like the exit door. The faster it goes to people trying to get out of the exit, the more closer to, I guess, the bottom you might see. So anyhow, I got kind of a momentum indicators on the VIX. The bottom one is the RSI. Next one up from the bottom is the two-period rate of change as the ROC. And the next one up is a percent B, which is basically when you're at one, you're hitting the upper bull in your band. When you're at zero, you're hitting the lower bull in your band. When it's at 50, you're at the mid-bull in your band. And to really find out how this indicator works, you need two of the three, or preferably all three of them to hit in bullish regions. Well, last week we hit in two of the regions. So the market's gone a little bit lower, but it did pick out that low last week. Now we're doing back down to a retest. But I still think we'll probably have some sore important low here because RET support, which is previous highs around that, on the SPY is around the 4,200. And we had a decent you know, kind of an acceleration in the VIX. So I think some sort of a low is being formed here. I'm probably going pretty fast here, but we can go to chart three before it. And you kind of see where that support lies. And the second window up from the bottom is a 10-day average of the trend. Now he said that greens around 1.2 are usually where that's where panic forms on a trend, anything at 1.2 or higher. But if you get a 10-day, you basically got two weeks of panic. And that's usually good enough to form a worthwhile low. The previous times I marked it with pink areas every time the 10-day trend got to 1.2 or higher. And you know, the album came at near lows here. So we got the makings of a bottom in this vicinity. And I said once before, I thought we may not reach 120 or 420 or 4200 on the SPX, 420 on the SPYs. And because we had quite a bit of panic at a little bit higher level, but we did get down to 420. We're sitting in that region right now. And so we did get to 1.2 on the 10-day trend or actually 1.19. I think that's close enough. The blue lines going across the chart are showing times when the RSI of the SPX have reached the blow 30 as of today. And now we're at 29.21. So we got an RSI on the SPYs along with the 10-day trend around 1.2. So we're in an important area. RET support, actually a little bit of a surprise today was a down day, but a lot of times the market will do just something one more day down to kind of knock you out. But in my opinion, we're making a low in this vicinity. I thought September could be an up month. I think this is just an ABC down. If you look at the high of August down to the current low, in my opinion, we're probably just doing an ABC down. We got panic in the VIX, we got a little panic in the trends and we're near support. Could it go a little bit below sport? Use it. Sometimes it does, sometimes it doesn't. But we've got quite a few things popping up here. I think ultimately we're gonna hit a new high because of the momentum indicator on chart one, five months up in a row, predict the market will be at least one more new high. So I'm not really afraid of the downtrend here starting to try to figure out exactly what day is the low. So we'll have to wait and see. Do you have some questions or anything? Tim, I tell you, can I jump in, Jay? I was just thinking about it, as you're talking about it, Tim, we've been talking about yields a lot. Do you look at yields? Do you have an expectation? Are we gonna see a little bit of a reversal on those yields potentially? If that's the market action or is that just a separate issue? Or how do you look at those numbers? If we can hang during the break, we can talk. I do have an indicator on that. And I see yields been going up. I see, I hear your phone or I hear your music, so we can... Yeah, we can wait until we get back from the break. That'd be great. Wonderful. All right, folks, stay tuned. We'll be right back with Tommy O'Brien and Tim Orr. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, Educating Investors. 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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 Tigresses for just $1 for the year. There's no cash 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. Hi folks, we are with Tim Ord. Tim, are you still there? Yeah, I'm still here. And Tommy, you had a question for Tim before we went to the break. So Tim, you were just talking about yields. I'm just, you know, of course, like most people I'm sure yields are driving some of this action and was wondering what you think about yields if this might be a little bit of an area that we get the market to trade topside and what you're looking for, if anything, from yields. Yeah. Actually, I just sent over a chart. SPX Tilt, T-I-L-T, or TLT. Did you have a chance to... I just sent it over an email to Tommy, you and Jacob. Taking a look right now. Okay, I'm taking a look at it. I don't have it yet, but I will take a look at it. Maybe you have it, Jacob, or maybe it's coming. Yeah, I think it will. Yep, I got it right here. Give me a second. Yep, and I have it as well. Here, I can just blow it up within. I've got it up, Tim. Go for it. Yeah, I have it as well. You got it, Jacob? Yep. Okay, perfect. All right, anyhow, the bottom window's 20 year treasury, which is a TLT, next one up's just the daily SPX. Then I did a SPX tilt ratio. Trying to figure out if there's any news there or any information that is worthwhile. What I found out was, in general, when the RSI was the top window of that ratio, SPX TLT ratio, when it gets up around 70 or higher, usually you got a little short-term high. And currently, I just sent this over at, I can't quite, it looks like about 56, 57, so it's not really saying a whole lot far as this ratio goes, but when it gets down, RSI gets down below 30, a lot of times you're setting that low, which are the red times and the blue arrows when the RSI is up around 70, that's usually a high. So it kind of picked out the high in August there and actually had a little high in June, that nothing real significant. And you had some highs back in February and stuff, but right now it's kind of in limbo. It's not saying a whole lot, even though it's been going down here. It's not, if it hasn't reached any extremes that suggests it's gonna produce anything in the market far as a reversal, either up or down, so I'm kind of reading that. So we need to really get above 70 plus to really suggest that market high may occur, but not a lot of information. If you look at it in general, this ratio SPX tilt ratio kind of trends with the market. I mean, even though it started a rally in basically March, and now the SP's been correcting since August, and this ratio's kind of still been going higher, I don't know if that could mean an intermediate term bullish sign, but in general, I really didn't really say a whole lot. So I'll put it that way, not enough information for me to make a judgment on it. So, but, we can put the yields. I appreciate it, I just wanna say yields are tough when I appreciate it. It's everyone's interested where they're going and maybe the market just marches higher without a huge adjustment on yields, we'll see. I don't know yet, it hasn't, seems like this ratio SPX when it reaches extreme, either up or down goes up down too fast or goes up too fast or down too fast. That's when usually reversals of some sort happen in the SPX. And so far, it hasn't really said anything. So maybe we'll face up to here in the next couple of days, don't know, but as of today is not saying much. So, let's flip to chart four. I have it right here. All right, that chart four have been showing this thing for the last couple of weeks. This is a long-term chart of the weekly bullish percent index slash GDX ratio. And every time this ratio got below minus or less than 25, you're setting that in a term low. And I circled the times when the market actually, it was setting that a low, but more or less flipped sideways. And if you look on the GDX chart, which is basically the middle chart, it's the weekly GDX chart, we flipped, this ratio gave a bullish signal back in mid-2015 and it flipped sideways for several months before the rally began. We had another signal in late 2021 circled in red and it flipped sideways for several months before the rally began. The last signal, or we had another signal in mid-2022, it went down a little bit over the next few months or the next few weeks before the rally began. And this signal was generated on August 28th of September 1st about a month, month and a half ago. And it's still gone down some. So is this signal failing or is this kind of a norm of procedure? Sometimes reverse is right on the money, sometimes it flips sideways down a little bit before the rally begins. Well, let's flip to chart number five to see actually where we are. So this chart gave a August, or actually September 1st, it gave a buy signal. This chart looks at the short-term picture of what GDX is doing. And on the bottom window is the up-down volume with an 18-day average and it's up-down volume for GDX. Next window higher is advanced decline for GDX with an 18-day average. And the blue areas are times when both those indicators are above minus 10 and the pink areas are times when both those indicators are below minus 10. And so we've kind of been flipping blue and pink actually over since pretty much all year. It's gone up, it's gone down, it's gone up, it's gone down. And we're basically all the way back to May of March of this year. And we're kind of testing that area relax a little bit below it. And if you look at where I did this chart earlier today, now minus 10 on both indicators is kind of the key area. If you're above minus 10, it means the uptrend is started in GDX and it's below minus 10, then the decline has started in GDX. And as of the time I sent this chart over, the bottom window is, or the bottom indicator is a point, or it's minus eight, and the next indicator up is a minus nine and a half. So we're basically at minus 10 on both. I'm just actually a hair above it. So if that holds that level and needs to hold that level and stay above minus 10 to say the rally is starting. So well, you know, Tom and I have been talking about, I'm thinking, you know, the rally is starting here in September, well, it went up and went back down again. But ultimately, because of chart four, if you go back to chart four, at some point we're going to start a rally that's going to stick according to that chart four route or to chart four, which is that weekly bullish percent index slash GDX ratio because the RSI is below minus 25. So is this the one that starts and keeps going or will turn blue for a little short while and turn back to pink again? I don't know, it could, it couldn't. But if you notice, we're also making higher lows on both those indicators where GDX is making lower lows. And I pointed out those times in the past when that has happened. So we have a positive divergence here. So I hear your music, so. Yeah, Tim, thank you so much. I mean, fascinating as always and it's always great to have any on. Folks, if you want to get in contact with Tim or see what he's about, he's at theord-oracle.com that is or-oracle.com. Tim, thank you so much for joining us. Thank you for having me on. Absolutely, see you next time, Tim. 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So, again, that's 2 to 3 p.m. right before this show segment, and we really recommend you guys get in there, say hi to Peter, ask him questions, and all that good stuff that you're familiar with at tfnn. Hey, Jacob, I wanted to ask you real quick. Bitcoin, are you still interested in Bitcoin? I need your friends still interested in Bitcoin. I, myself, have found myself to be much less interested in Bitcoin recently as opposed to recent years. I'm wondering if that's just myself, or if crypto, FTXM, Bankman Freed, SBF, he's in the press, of course, recently, as that's beginning. But how is that going in terms of people that you're around with, people in their 20s? How is crypto, man, with Bitcoin, not as volatile as it had been to put it lightly? Yeah, I'll say there's always been a pretty zealot group that is still pretty strong on it, but the general conversation, you know, I'd say a few years ago, especially in 2020, you had a bunch of conversations around Bitcoin, Ethereum, even Dogecoin being as silly as that kind of is, that general interest has pretty much petered out. I will say, though, that the folks that I know who are just very strongly for Bitcoin still see it moving. You know, I have some friends who have been compensated for their work in Bitcoin, and this has been a really rough time for them in the past few years, so... Sure. Cool. I'm just interested. And yet, I'm just interested because maybe that is the law before the acceleration needs. Everyone loses interest. I find myself saying maybe, you know what he's talking about? It's sitting at 27,000, and I know people are talking about it. This year has been quite around for Bitcoin as well, but not versus some of those previous years. Absolutely. Oh, definitely. No, and I'll say too, we're going to wrap up here, but someone, the creator of Bitcoin, Satoshi Nakamoto, someone has got onto his Twitter account somehow. Maybe it is him and is stoking some interest in it. So something to keep a look at regarding the price of it. We're living in a movie, man. I know. Right? Guys, thank you so much for joining us. It has been a great time. Tommy, or excuse me, Tom O'Brien will be back tomorrow. Tommy's on at 9 a.m. See you soon. Thanks, Jacob.