 Welcome folks. This is Tom O'Brien of TFNN. We go five days a week. We go 10 hours a day We go 24 hours a day in the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows. Hope everyone's having a great day Safe day. It's a TGIF folks. Let's make it a great one Always do your best take action on your ideas. This is a great card and I do read this a lot on Fridays folks We have a couple days to think about it Doing your best means to take action on your ideas. You're gonna have many great ideas in your head But without action upon an idea. Let me know manifestation no results and no reward Let's take a look at it out here. We have the Dow Industries down 177 Nasdaq are 46 S&P's are five and a half gold gold contract down $3.50 straight and at $14.94 ounce We have silver down a penny $17 59 cents announced light-sweet crew down 26 cents $53 67 cents a barrel copper coppers get a move and we get up four pennies 263 a pound notes and bonds you get the 10 year up for six trade in 130 or 130 year up to at 1608 notes and bonds. They both rejected lower price this week They had light of all you and bottom line that continue to want higher price lower yield and king dollar king dollar finally Went south and we did go south with conviction all week long. You down 325 ticks trade in 97 281 The euros at 111 the yen is at 108 and a half and the pound is at 121 129 to 1 us dollar Our phone number is 877 9276648 give us a call folks One that's going on in your world now we're going to go to the world of the pound and the euro Why folks because we're going to be getting a vote on brexit tomorrow And if you go over to the pound first as well as the euro you're going to see they've been running higher all week long We take a look at this pound you get to expect high volatility out here sunday night The pound in the last six days just went from 122 to 129 this baby set up for 133 So I expect by the time that we open on monday morning We are going to see 133 regardless of what happens on the vote by the way because technically this thing is set up Really well it got back inside this higher range once it dipped inside 126 We had two monster bars and these things like to come on threes by the way So I suspect you're going to go right up into this 133 mark. You're at 129 right now We get out and we take a look at the euro euro not as strong as the pound But bottom line you did get some real strength in it if we take a look at the last two weeks The euro is down at 108. We're at 111 right now and we take a look at this one. This thing wants to run to 114 And we put this on a weekly and what you're going to see there We definitely broke the downtrend from only uh, june Okay, it didn't bring the lodges the lodges this both these have been in a downtrend for about three years Uh, bottom line note what the euro also did is get back inside a higher range and that's saying that 114 is game. So I expect we're going to see some good movement there Our own s and p we take a look at our s and p what you're going to see out here today It looks to me like we're going to have a failure on price a failure on volume On the weekly charts right now the uh spies down at 52 cents not not a lot no doubt about that 298 that being said though you start popping these up into The weeklies and I will reset these charts for you Let me see this thing. Let's go right there and There we go Okay, so this back Okay, so we take a look at the spy and what you're looking at is this The high of last week was tune 298.74 We are oh, I love it So this is going to be so cool coming into the close because we're 298 74 right now folks the volume characteristic goes like this Last week 386 million this week 225. That's pretty intense man. Think about that So they'll throw 10 million into this close, but that means there's still 100 million shot 100 million shot. Okay Uh, that would be almost 25 percent shot and you get the higher price bottom line you know none of us would pay up inside a store if there was 100 million less people in the store and the retail Whatever we're buying is saying that they want more money for it. Okay It's not just not how it works, but guess what it's how it works in the market until it doesn't So ndx 100 same setup ndx 100 the benchmark we're looking at coming into this close is 192 dollars and 63 cents Last week we did 143 million and we're going into it with 98 now in both cases folks I am not going into the real benchmark and the real benchmark is the downdraft that was created The first week of august and just let me show you how this works The first week of august we came down on 199 million Versus going up this week with 99 So you're talking about half the amount of volume if I bring you back to the s&p And we take a look at that s&p you're going to see the same type of situation that's set up as that the august first Excuse me timeline and on the august first timeline We came down with 147 million and you're going up with 225. So it is a monster number Gold gold contract bottom line is sideways to slightly higher prices and gold out here today Um This week in general you down three dollars and 40 cents. You get you get basically Light volume out here 222,000 contracts silver. We got take a look at the silver market What we have with the silver market out here silver right now is trading at 17 dollars 59 cents you down a penny and we have inside the silver market same type of setup Silver is actually set up a little bit better than gold right now Uh, you know, you kept having you creeping up to a little higher high and we know silver's highly volatile My take is that yes silver as well as gold We're gonna make go make a run for the last highs that were generated out there in Excuse me folks in september and august And why oh good old king dollar? That's the bottom line the king the way king dollar is set up This is a nice fast move down Uh, it's with conviction and the reason I had started with the pound As well as the euro is that they've been down for years folks. Okay bottom line Brexit has been going on for three and a half years Uh, if they basically get this thing done, you know, no matter what is going to happen I suspect we are going to see The the pound as well as the euro get to much higher price Uh, if we take a look at the the dollar in general, uh, I can make the case right now that you know I'm talking about the next step down and the dollar is 95 843 but what you do have on a weekly basis here is that it's broken a trend And it's broken the trend that has been in place since february of 2018 So you can make the case technically that the dollar is going to get out to 88 That'll be quite a move But it totally makes sense when you take a look at our interest rate structure As well as how the golden silver market wants higher price and the golden silver market very well Maybe in a very large abc structure on the way up Stay right there folks come right back down down 159 nazis are 42 s&p's are up four will come right back