August 21st The Morning Market Kickoff on TFNN - 2026

The following is a presentation of TFN. The morning markets kickoff with your host Tommy O'Brien. Now, Tommy O'Brien. >> Good Friday morning, everybody. Tommy O'Brien coming to you live from TFN. We got markets higher. We got gold higher. And we got a market coming in with green to Friday trading with an S&P right now, folks. Up by half a percent. You see the run. We finish almost at session lows last night. And from there, it's been an upward trajectory. We're up by half a percent. The S&Ps trading right near 7,700 right now. Tech stocks pushing higher. NASDAQ 100 up by 7/10% up 198 points. 29,499. You got a Dow cloning back some of those losses from yesterday. Quite the acceleration. Dow up by 610% up 336 points in the pre-market 53,185 and the Russell up by 8/10% up 23 points at 322. We keep our eye on yields. Yeah. Better believe we keep our eye on yields, right? You got the 10ear right now flat at 10816. We got a 10-year yield of 4.7% right now on the 10ear. We jump over the dollar DXY 9876. Now you hit a low of 98 like 98. What were we exactly? Let's see. 9856 was the low last night. Right to that low of early yesterday with 9855. dollar index off 13 pennies at 9876. And yeah, how's that for a daily, right? No reprieve just yet. Looks like it's on its way to 90 as the first stop, folks. Okay, you take a look at this dollar, right? That's your weekly. Okay, you take a look at the monthly, though. Longer term, and there are long-term shifts going on in this market right now in my opinion, folks. Okay, when you're talking about the Treasury, you're talking about the buybacks, you're talking about the suppressing the yields, right? Dollar weakness, there are some big shifts going on and this administration's got a lot of time left. Okay, you're talking about almost two and a half years. As in, if this is the beginning, folks, we got a while to go. And look where this dollar is. And the next stop on this chart is 90 bucks, folks. Yeah, we had lows earlier in the year at 95. Okay? Okay, it doesn't mean it has to be a straight line trip, but as you see, that's the next critical area. Okay, when you start trending in these directions, folks, looks like 90s out there. And with the fundamental forces in play, right? I'm talking about the Treasury, the buybacks, etc., uh, yeah, you better believe there's a real acceleration right now with the dollar driving to lower price. And on a monthly basis, you can barely see the moves, right? We're just getting back what happened in May and June, and we haven't even gotten it fully back yet. trying to prepare you for the fact that this could just be the beginning, folks. Okay, you got the dollar lower and you got gold up 1.5%. All right, look at this weekly on gold, man. And you know what I found myself saying last night, folks? Check this out. All right, watch this. So, first you have here, watch. I'm going to take these channel lines. I'm going to make this a little bit cleaner. I'm going to move that drawing. So, you accelerate up to 5600. You're back down to almost the 382, just below that price level. Okay? But if this is ever, folks, and even if you just call it like 50 400 and change, want to see something wild. One to one, A to B, C to D. Now, we got to get past the B point. You got to do it with volume. Okay? We're not even close. But folks, 7,300. All right? Even if you're heading back up to the highs, that's a thousand points above where we're at on a daily basis right now. Look at that acceleration on Wednesday. All right, you do it. You do it with 241,000 contracts, folks. Yesterday, you basically digest those gains. We technically go from a close of 4580 to a close of 4575. So, gold trades down $5 on a little bit lighter volume. And we got a Friday in the gold market, folks. All right, we're at 108,000 contracts already. Gold's up 1.5% right now. GDX up by almost $3 in the pre-market. That's not even digesting the gains from today. We're at 10250 right now on the GDX. We hit 10347 overnight. Bitcoin continuing the run, folks. Dollar's trash right now. Okay, now that can change, but this is part of it as well. Now, crypto's got its own thing going on, okay? But you better believe that it's not a coincidence that the Treasury is printing dollars to pay for our debt and Bitcoin is appreciating versus the dollar. Okay? Sometimes it's not more complicated than you got to make it, folks. All right? And this is quite an acceleration we got going on. And yeah, the, you know, the spirits are alive in the crypto sector again, folks. And you start getting the spirit animals alive in crypto. Yeah, we had quite an acceleration on Coinbase yesterday. You're going to be up another $8 in the pre-market to 180. You were at 145 on Wednesday, right? And this started, folks, when the Treasury talked about the buybacks, okay? That's when Coinbase was at 145. So don't underestimate the importance of the exact moment in time that we are right now. Right? Don't think to yourself, all right, I can really wait till it. No, we're we're here. Okay, this is it. It's all happening right now. And yeah, some of the headlines today right now. This one goes back to 2026, right? Dollar fields are flaring debasement trade. Okay, now that's an old one, right? But yeah, you get back to the current. Okay, and that's one of the clicks that we got in here that brings you back to I got to that article from a cl from an a link within this article. Okay, and yeah, Japan comparison folks. Now, there's some differences here. Okay, but yeah, prompting comparisons to policies in Japan. They were talking about this in the Tigers Den. Darth Spyron, can't remember who was saying it, but yeah, clearest sign yet that the US is following Japan towards debasing its currency. Now, this is a senior fellow at the Brookings Instit in Institution. Robin Brooks, not bad. Robin Brooks from the Brookings in Institution. Uh, the administration's playing with fire, he says. Well, there's there's this administration has some tough choices to make, folks, as any administration is going to have when you got 40 trillion in debt. Okay? And there is no fiscal responsibility whatsoever going on in Washington with either party. Okay? very tough to claim that the Trump administration, folks, is fiscally responsible with our debt. It's not happening. They're all about tax cuts. They're going to say that they're going to grow their way out of it. But the deficit just keeps going up. Okay? It's not fiscally responsible to make those tax cuts unless they're paid for the other side, right? Democrats do the same thing. Republicans do the same thing. Trump as well, no matter what people say. Okay? And the bond market is reacting accordingly. And so, yeah, he's got some difficult decisions. And the Treasury Secretary is not the reason why we got 40 trillion in debt. Okay? He wasn't even around in the first Trump administration, right? And no matter what, they got a problem. And the bond market, right, the vigilantes, they come, they come for their yield, folks, and they're coming. And so, yeah, we have some tough choices. Okay. And you talk about now when you compare it to Japan, it was a different story in that aonomics, right, relied on aggressive monetary policy loosening to spur growth that included massive QE, right? Printed yen to buy bonds, keep yields low. And folks, we're buying back our own bonds right now. Okay? The buybacks can't be compared to that kind of monetary stimulus. Let's talk about comparative to Japan. And the US has not chosen to accept a falling currency as the cost of keeping yields pinned. Well, folks, okay, I choose to live in reality. And if you think this administration's worried about a weak dollar, go back and listen to what Trump's been talking about. He wants a weak dollar. And that gets us out of yield problems. And the market is waking up to that this week, folks. We're coming 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. 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 tfn.com. TFN, educating investors. >> In the world of trading, only a few names stand out, like Larry Pesventto, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. 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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 tfn.com. This portion of the morning market kickoff is brought to you by Directions daily leveraged and inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. Read carefully. ALPS Distributors Inc. Welcome back folks. We got markets pulling back a bit in the last 20 30 minutes or so. We hit a high of about 7704. We backed off to 76.90. Little volume coming into these markets right now. We jump over to crude 86.84 as crude persists higher and we came into this week at an 81 handle, folks. We had 87.69 yesterday. We're at 8683 right now. And the price acrewed and yeah, whiplash. The whiplash is that the Treasury said they were going to inter intervene for at least 4 billion. The market moved and then said 4 billion. That's nothing. Well, we'll see if they bring more than that, right? We'll see if they do. The dollar thinks they're going to bring more than four billion folks, right? And yeah, traders are waiting to see Treasury Secretary Bess Bessence's next move after the volatility in bonds. We got a 10-year right now at about 4.7%. Let's see where we're at exactly. 4.71 right now on the 10-year. And yeah, the buyback announcement the next day, take it all back, right? All of it. The Treasury is not going to run out of firepower. They can't. The Treasury cannot run out of firepower. Okay? If they run out of firepower and yield spike again, the Fed may feel compelled to step in and buy these bonds. This scenario could render Kevin Worsher's internal debate about balance sheet reduction entirely academic. Instead of exiting the fiscal space, the central bank will be pulled even further deeper into it. And yeah, what's going to happen if it goes further, right? If yields come under renewed pressure, the Treasury's response will be more revealing. Further increases in buybacks or changes to longer end issuance will provide stronger evidence that policy makers are responding not only to market functioning but also to the level of yields. Now, my opinion, folks, is that yes, they are responding to the level of yields. Okay? If you think this is a market functioning issue and it's just going to go away when the market starts functioning again, I saw something recently about late summer trading liquidity at the end of August, I don't buy it, folks. Okay? I don't buy it that somehow everyone's out to, you know, Cape Cod and the Hamptons at the end of August and that there's just not enough market liquidity, so the Fed's going to step in and provide that liquidity. This is a problem with yields, okay? and liquidity for because it's late in the summer is not the reason why there's a problem with yields. And yeah, you got Goldman out there saying for all the Treasury's efforts, cooling inflation is the best way to lower bond yields. Now, part of the problem with inflation is crude prices of for of course, right? We have tariffs in play, but to a certain degree, okay, inflation right now is playing out and we're seeing it play out with the inflationary factors because of the debt as well, right? You got to cool inflation. But one of the factors now pushing this is that we have a debt problem. The debt problem is causing higher yields which cause inflation which causes a debt problem. It's quite a vicious cycle, folks. And yeah, once currencies get going, boy, currencies, they love to trade with momentum, folks. We'll see what today holds. Friday in the market, you got gold right now up 72 bucks. We jump over to silver. Hi ho, silver, 70 bucks from 62 on Wednesday. How about it, man? Silver up 2.3% right now. We jump over to platinum. Everything priced in dollars is going up, folks. this market there's a lot of smart money getting out of whatever they're getting out of and they're getting out into right assets priced in dollars that are going up as the dollar is going down and I know I'm harping on it but boy there's not often many times folks that I think there's a dramatic shift that's about to occur and I think we're right there you guys getting fuzzy audio that's too bad. What are we getting? Let's see. How are I coming in, Al? All right, I'll try and fix that at the break, folks. Apologies. Yeah. Well, they're all saying it's rough, Al. Oh, no. Duffy says it's fine. I don't know. They're talking about on the YouTube Tigers Den, too, that we need to check it. I'll check it at the uh I'll check it at the break, folks. We'll get it going. Today's too important of a day. All right, we jump around to some of the equities that are moving this morning. So, yesterday it was Walmart and they hit Costco and today we're trading not trading but BJ's out with their numbers slightly higher and yeah, BJ's Wholesale. This was this is where I went as a kid ages ago. Uh but yeah, they had forget where we even were, but look at this thing just chop around. Oh, with their numbers today. Buck 36 a share revenue 6.09 billion. Both of them beats. They're supposed to take in a buck 17 on 5.97. And yeah, how about Ross last night? Look at this. Oh, no. Not that one. R O S T. There we go. So, Ross stores. I mean, maybe everyone's going from Walmart and they're shopping at Ross. More cowbell, Joe. We'll get it done, baby. More cowbell. Let's go. So, they beat they beat on guidance. Let's take a look at this thing. Yeah, they got a lot of volume last night following their earnings. I mean, heck of a run, right? Look at this run, man. Raw Stores, Target's been on a heck of a run over this period of time as well. Just goes to show you folks, you really look for those breakouts. Look at this. Right there it was. All right. Now, hindsight's always 2020. I I know what you're saying. Well, look at this, right? You got this top area of about 160. You get up there in 2024. You get up there at the end of 24, beginning of 25. You reach a high of 1558. You come up there last November, and boom, you break out on their earnings nine months ago. You do it with volume. And from there, we're pushing higher. And yeah, we've had a little bit of a pullback, but you're going to pop and make a run for those highs today as Ross opening at 247. Take a look at this thing. Look at this. Maybe you're making a run for the one to 1.618. Brings you up to 275. Raw stores trading higher. TJX a little bit higher with the market this morning. We check in on Walmart on their numbers yesterday. Barely in the green by a few pennies this morning. You got Target shares up a bit to 158. Jump over to some of the chip stocks. Dvidia with their earnings next week. The video actually flat this morning in the market positive. Micron shares up a bit to 979. Yeah, SanDisk barely in the green right now. We jump around to Amazon shares at 260. Gold up by 1.5%. Silver up another two and a quarter%. You got the GDX right now pushing 103. And we got markets in the green. And we got a VIX right now at 1548. We're coming back with the opening bell, folks. 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 TFN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. 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Steve Rhodess is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFN, all our newsletters come with a 30-day money back guarantee, so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days, risk-free today. TFN, educating investors. Don't forget, you can listen to TFN live on your mobile device 24 hours per day. Go to tfnn.com, then hit watch tiger TV. That's tfn.com, then hit watch tiger TV. Welcome back, folks. And I apologize, but I think we got the YouTube audio is just having a few issues, folks. Everything's great in the tiger's den. If you're not in that tiger's den, folks, get in that tiger's den. Uh, and main man producer Al, he's working on it right now, folks. He's going to get it all fixed up. He's trying. We may have to start that restart that YouTube stream, but we'll get it going. But yeah, seems like we just got an issue on YouTube right now. We're working on it. But we got markets open, folks. And we got an S&P up by 27 points right now as we drop a bit on the open trading at 76.89. You got NASDAQ 100 up by 125 points, but we drop a bit on the open as well. Dow up by 262 right now and a Russell up by about 7/10 or 21 points. Keeping our eye on metals. Gold up by 1.5%. The GDX opens at 103 on the dot. Look at this. Up 3.2% right now on the GDX. XAU up 2.2% right now. And HUI up 3.3%. Yeah, I think we got a big shift going on in this dollar right now, folks. Okay. And it started when the market figured out that maybe Worsh wasn't going to hike the rates, right? and then it's gotten gasoline thrown on top of it that not only is Worsh maybe not going to hike the rates as necessary, but the Treasury Secretary is the one that's going to be the backs stop and he's just going to buy the debt to keep yields lower and that's going to weaken the dollar and the president has called for a weaker dollar incessantly, folks. So to say that we're not sure this administration would be okay with that, I think so far reached. I think they're more than okay with it. And I think you're seeing a strategy shift play out right now. And the market's taking note. Yeah. We'll see what equities do with that, though. And yeah, that's that's that's Isn't that the mantra, Duffy, with Bitcoin? That's one of the greatest selling points. All right. That when governments start printing money. Totally. That's one of the selling points indeed. And you got it going on right now, man. In a big way. All right, we jump over to some of the equities moving. Ross higher by about 5%, but you give back some of those gains on the open right now. We keep our eye on Nvidia up by 610%. Nvidia earnings next week. That'll be the main event next Wednesday. SpaceX a little bit of a drop on SpaceX. Talk about a give back, right? 150 to start the week, 130 to end it. SpaceX down by 1.1% today. You jump over to Tesla shares. up by 1% today. And yeah, let's take a look at the volume in Bitcoin. How's that for a sign of strength, right? You break out from a nice consolidation area. We've been here all year. You do it, you do it with volume. Now, you're bumping up against an area that's been resistance and support as in 80,000. That's where we topped out in May. That's where you gapped higher in November 24, but you're breaking out of this consolidation in 24. You got a nice acceleration right now for Bitcoin. And all the same arguments I've been giving you folks about the reason why gold is catching a bid, right? The dollar, that's that's a bull case for Bitcoin, too. You know, at least in the short term. Now, you got to risk that Bitcoin ain't gold. Okay? Bitcoin certainly is not gold. Right. But in the short term, if the dollar's getting crushed, you better believe that Bitcoin is going to appreciate. You're seeing it play out today. Jump over to Broadcom up by 2.8%. So Bloomberg, it's pretty remarkable, man. So check it out. $60 billion from Broadcom. 60 billion doesn't even register. P practically the financing may include a $30 billion junior debt trunch and a senior secured tunch that could range from about 60 to 70 billion for an AI chip financing deal that will benefit Anthropic and other companies. Broadcom would guarantee a portion of the senior secured trunch which could range from about 60 billion to 70 billion. Now what's what's so remarkable about this? Okay, I was reading a great article last weekend. I'll see if I can find it, but there's there's so many great articles about these financing deals, right? And so these guarantees, okay, you got Nvidia making these same types of guarantees, right? They do a financing deal. They have a special purpose vehicle that gets started, okay? You have, you know, Black Rockck, whoever it is, right, lending the money. You have the AI buildout buying the chips, okay? Or renting the chips in this case, okay? And then you provide a stream of revenue that's going to pay back that debt. And if that revenue stops, so let's say you know they make a deal with Anthropic, okay, for it's an AI financing deal. And what's going to happen is is that Anthropic's going to be using all those chips, etc. They're going to build a data center, okay? Anthropic's going to be paying for the compute. Well, what happens if everything scales back, right? What happens if everything scales back? But what happens if everything scales back is all these data center buildouts and AI buildouts, okay, potentially they say, you know what, we we're going to do this, but we're not going to be on the hook for all this cash. We can't pay for all this all this compute because we overestimated, right? The revenue that we can raise by paying for all this commute. So, we're scaling back. The only time unfortunately that any of these guarantees are going to come into play is if their business is almost at a tail risk loss which is just going to be a vicious cycle. So the tail risks of these guarantees are monumental. That's the way to look at this. If there is a dramatic slowdown, that's when the risks are outlandish. Okay? Because what would happen is is that you'd literally have a pullback in demand at the same time that you would have debt guarantees coming due as their business was dramatically slowing. It's just basically leverage on leverage, folks, right? They're using the health of their business to guarantee debt on the back end. And the only way like those there those instruments are so correlated. That's the problem, right? The only time they're going to be on the hook for their guarantees is when the highly correlated nature of their business is deteriorating rapidly. That's when they're the ones that are actually going to be on the hook for the debt and it could accelerate remarkably. Okay, but you're talking about hundred billion dollars. Now, Broadcom, okay, not a lot of people know how large a company like Broadcom is and that's why they can go out. Come on. Trying to get the market cap. Yeah, I didn't know if they were at two trillion. They're not quite. They're at 1.8 trillion. Okay. Broadcom is a $1.8 trillion company. Now they've been higher when they reach 495, right? They've been well over two trillion, but they're a $1.75 trillion company. 1.77 staggering. And you know, hundred billion financing deal. So keep those ones in mind because if this market ever starts deteriorating, folks, the tail risks of these guarantees only come due if the market deteriorates rapidly. So you'd have their shares getting pummeled anyway and then you'd have the guarantees. But today, Broadcom up by 2.4% 4% up 9 bucks to 373. Markets in the green. We'll come right back. Folks, >> many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading influencers have been alive. 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Whether you're a bull or a bear, you choose the direction. For up-to-date pricing and performance, go to direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. Read carefully. ALPS Distributors, Inc. Are you ready to take charge of your financial future, TFN is your gateway to the world of trading and investing? Whether you're starting out or scaling up, TFN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1. And follow us on YouTube and become part of our vibrant community. And remember, at TFN, we're so confident in the value we provide that we offer a 30-day money back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk. So why wait? Tune in live to Tiger TV and transform your trading journey. Because when you know better, you invest better. Join us and experience the difference today. TFN educating investors. >> This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We got the GDX right now up 2.8% 8% and yeah, taking a look at this thing. So, first we're going to start on a weekly. Okay, you got this October strength and boy, it was such a perfect rally up to that October strength right now. You see tremendous volume, okay, and that initial thrust higher in 2025. You make highs out there in the GDX of 8509. You do with volume and then this trickle higher, right? And you get the selloff, you bounce higher. Look at these last two weeks, folks. 87 million and 94 million. It was like vapor thin and you go from 97 up to 115 and then in 3 weeks you go from 117 to 80, right? That's how it moves, folks. All right. And then yeah, you get a dead cap bounce and then before you know it, you're at 70 bucks. You're right back into the area of quality volume. Okay. Now, on a weekly basis, we're going to get some volume today for sure, right? That first acceleration 144 million and we're at 123 million so far this week. Now we got a question in the YouTube tigers down here from our our man superfecta hecta Tommy GDX monthly running smack into the monthly of March. This is this recent March right right there. Look at all that volume baby. We're in it for sure. Massive quality volume. Maybe another pullback. Now you know that was a heck of a pullback. Okay. But number one, we're not breaking above that area just yet. And it's an art, not a science. Okay. And when you look into March, right, it was four very strong weeks, folks. Look at March. March had four of the strongest weeks out there. But check this out. The final week of March, Hecta, was actually the biggest week of all with an uptick. Now, you'd like to see the volume on a monthly basis, right? That Yeah, we're bumping into some tremendous volume on the downside from March, folks. But some of that volume was this little tail, right, where you bounced at the end. Okay, so 733 million for the entire month of March, but 200 million of that was on the bounce on the final week, which is pretty cool. Okay, now yeah, that was decimation, right? And those weeks you did 174, 181, and 195. Okay, that was a blowoff top and then you just you just you know that was a an unfair high an unreasonable high in the market at the time. Okay, you were you know silver at that time folks. Okay, was still at 97. You reached 121. We had gold back then. All right, there's your March pullback, right? And there's the bounce though, right? Right. So, you make it all the way down on gold to 4,100 and then you get a nice weekly bounce. Look at the volume you got in the gold contract. So, we had tremendous volume, but actually it was a nice sign of strength at that low on the last one. Now, in terms of the question, maybe another pullback coming. You should be prepared for pullbacks in this market, folks. Okay? And I say that as in we just traded from a 69 handle to 102. Right? That's up $33. Let's see what it is exactly. Divided by 6972. That's a 47% increase. 47% in just barely a month. 47% in a month, folks. Okay. So, yes, there's a very real chance that you get a pullback, but don't fight the trend would be my would be my advice here. Okay. A 382 gets you back to 90 bucks. You better believe 90 bucks is possible in this market. Am I looking to sell? Looking for an acceleration down to 90? No, I'm not. I mean, I think this deal with the dollar, man, you're going to be seeing some brilliant articles, I'm sure, written, okay? because this could have this could be the beginning of an economic shift right now that could be years long with the goal of transforming the debt landscape that our country faces. And maybe that's maybe maybe the Treasury Secretary will be heralded as the man that pulled us out of this debacle. Okay? Because folks, the dollar can handle some weakness here. And guess what? We got difficult choices, folks. Difficult choices to make, right? But look at this dollar. Look at where we are. As I made the case, the dollar has only been stronger meaningfully, right, during COVID for the last 20 four years. Yeah. Right. We were at 101 in 2002, folks. And we didn't see 101 again until 2015. Okay. Well, this this acceleration started at 101. So, yeah, you better believe we got some room to the downside. Now, we'll see where we go from there. But you look at this cons, you know, and then you look at So, you look at that and then you look at this, right? And the problem is, folks, yeah, we're right back to where we were in 2007 with this is the 30 year. The debt burden of where we are right now to where we were 20 years ago is a dynamic changing situation. Okay? So, we would much rather this number go back up and the dollar go back down when you factor in the 40 trillion in debt we have. And I think it might be the right play. And it's definitely the right play if you got some gold in your portfolio, folks. If you have assets, okay, this could be a helpful shift for housing. You think, what is this going to do? It's going to devalue a dollar, right? And it's going to keep yields down. That's like a win-win. And you've seen the home the house builders, housing builders, home builders have some volatility this week. Toll Brothers slightly in the green right now. KB up by half a percent. They popped two days ago on that first move, but yesterday they gave it up. Yeah, look at the KB Holmes right says, "Oh, this is going to be extraordinary. Yields are going to come down." And then the next day they said, "Ah, that wasn't the move. That wasn't the move." But I think the move's coming, folks. And that's going to benefit the homebuilders as well. Lar up by 1.4 with the market today. But they give back all that acceleration on Wednesday. But look at the exuberance of the homebuilders on that first move. All right. And they're going to be helped by a declining dollar as well cuz we're going to be using dollars to pay down that debt, folks. Just that simple. Dr. Horton, same thing. Gave up all those gains from Wednesday. We're at about 148 right now as the market's giving it up. Gold's up by 75 bucks. But look at these equities, man. NASDAQ 100. We dropped 150 points on the open just like that. We take a look at the heat map right now. S&P 500 bit of a mixed bag. Broadcom up by 2.4%. You got financials higher. JP Morgan up by 1.4%. Walmart still in the red digesting their weak numbers. Yeah, commodities, folks. Okay, commodities are a worldwide item, right? So, they're priced in every currency. So, when commodities are priced in US dollars and the dollars are getting clobbered, you better believe that it's going to be a commodity run, folks. All right? And we're going to get a lot of volatility in this, too. Don't think it's a one-way move. Okay? The GDX just went up 50% almost, folks, in barely a month. So, yeah, you better believe, you know, and don't be afraid of taking some profits along the way if you're overleveraged or something. All right. And don't get overleveraged because you want to be able to have a strong hand in this market. And if you're overleveraged, right, the swings are going to be too vicious because Yeah. I mean, even a 50% pullback of the run in the last month would bring you to 86 bucks, folks. So, we got some volatility, baby. You got a VIX right now trading at 1543 going into summer trading, summer weekend. And silver up by 2.6%. Platinum up by 4%. How's that for you? One more segment, folks. We'll come right back. Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. 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Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets. TFN newsletters cover every aspect of the markets, so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money back guarantee. Just visit the newsletters tab on the front page of tfn.com. TFN, educating investors. >> Don't forget, you can listen to TFN live on your mobile device 24 hours per day. Go to tfnn.com, then hit watch tiger tv. That's tfn.com, then hit watch tiger tv. Welcome back, folks. And so much from market gains in the pre-market. They're giving it up on the open, man. S&Ps right now positive by 15 points, but we just gave up about 25 points from where we were coming into 9:00. You're positive by 210%. NASDAQ goes red. 29,274. Yeah, you give up almost 250 points from where we were coming into the open at about 9:00 a.m. And in terms of the lows, 29,200 was about the low last night. 29,202 last night, 2:00 in the afternoon, excuse me. Accelerate higher and we rip lower on the open. The Dow getting back some of those losses from yesterday. Up 610% 53,147 and a Russell right now positive by 610%. Keeping our eye on yields. Lower price, higher yield, folks. Coming at you down by three ticks, 10813. You take back everything that happened on the 10-year from Wednesday and we're at 4.72. 4.72. Think about the dollar weakness in this market right now. There are nobody nobody wants dollars to chase the higher yield. Think about that, right? Nobody wants to h hold our yield in dollars right now. That's not the way it usually works, right? If yields are persisting higher, people will want to access those yields and they'll buy your dollars. But the problem is is that you're buying an instrument that's going to pay you back in the future in dollars. And the Treasury Secretary has indicated that they've made a bold decision to sacrifice dollar strength to keep yields lower and dollar recoils a bit today to 9876. But boy, the way that the way that you got commodities moving, folks, assets moving, Bitcoin moving, there are large shifts in play in this market. And I don't imagine they're going to go away next week, right? The size of the move that's going on right now, I don't think that's changing next week. And we got a GDX at 102. 102, folks. When's the last time I got to say that? April 17th. How about that? First time over 100 in four months. And I think the dollar is on its way to 90 for that first stop longer term. But we finish it up with a GDX. And watch that volume. We got some big volume, folks. Stay tuned. We got a replay this hour. Bases out. Steve Rhodess coming up live at 11:00. Folks, thanks so much for tuning in. I'm coming back for the update as well. We'll see you. Steve RH started