and welcome to Stan Osterman's show here, Stan the energy man coming to you live and direct from lovely Kailua Hawaii. The background in the picture is actually on the on Leeward side of the island, a place called Point Panic of all places. It's a nice surfing place, but in the summertime the waves can get pretty big and you do panic because boats go running right by you while you're surfing. Anyway, we're going to continue our discussion with Dan Gowan this week. We started off last week and I just want to kind of recap what we're talking about. Dan gave us a picture or painted a picture of the possibilities of how we could be tapping into basically abandoned or finished oil wells and gas wells and how we could use those facilities to store hydrogen on a large scale. He gave us a bunch of data like these wells could be used for energy storage under salt domes because the salt deposits are not permeable by hydrogen, which is a really small atom and that's one of the problems of storing hydrogen. It's so small, it's hard to compress and it's hard to store because it can kind of squeeze by just about anything. We could use this hydrogen in a couple of ways and one of the ways we talked about was taking the residual natural gas that's in those wells and as we pump hydrogen in there, we could use a hodgepodge of gas that comes out of the well, run it through a gas turbine to make electricity and then we could even take some of that less pure hydrogens being stored in there and run it through some membranes that would screen out all the impurities except the hydrogen with the right size membrane and that could be used in fuel cell vehicles or even put back on the grid with stationary fuel cells as another power source and then he said that we could use that hodgepodge of gas in a gas turbine and it would be about 47% efficient as long as we're using what we call cogeneration or reason not only the the turbine to make electricity but the steam and the heat to use for other sources of power generation. We also talked about some interesting items that we talked about were that fossil fuels are finite. Now whether you think of fossil fuel in terms of climate change, the reality is that we're running out of fossil fuels. The stuff that was easy to get that was high quality is already used up and we're spending a lot more money to get to a lot more resources that are of less quality and at some point in the future we will run out but it's going to be hard for us to run out of hydrogen because hydrogen is the most plentiful atom in the universe. So we have to kind of look at these discussions about hydrogen through that lens of at some point in time whether you're in a hurry or not we're going to run out of fossil fuels. There's three metals including 316 stainless steel and a couple of plastics that can contain the hydrogen for moving through pipes or moving through tubes or putting in storage vessels and I hope we can talk a little bit more about that and something was news to me is that hydrogen becomes a super critical fluid and 187 psi which is relatively low pressure considering considering that low pressure in the cars is 350 bar and 187 is what 20 bar or something like that it's really low compared to even the low pressure that we put in cars nowadays. We also talked about something that I think is really important and that's that wind power is currently getting very very efficient and very very cheap in terms of generating electricity and if we take that electricity Dan told us that we could we could actually produce hydrogen for as little as 68 cents per kilo for a kilogram of hydrogen to give you what we call a gallon of gas equivalent number that would mean gasoline at 35 or 34 cents a gallon so think about if you had a fuel cell car and you could get your hydrogen for 68 cents a kilogram you'd actually be getting essentially 34 cents a gallon gasoline for your car. The high end of four cents a kilowatt hour for your electricity coming off the wind turbines which is what I was told if you just build a purpose built wind field you could sell the electricity for four cents a kilowatt hour that would give you a two dollar and sixty cents a kill two dollars sixty cents for a kilogram of hydrogen which again would be a dollar and thirty dollar thirty cents of gallon of gas equivalent so even in a case we can do right now you could make be making the gallon of gas equivalent a dollar thirty instead of the three or four dollars that california and hawaii are looking at right now. We also learned that there's some new technologies to compress hydrogen more efficiently and I'd really like to learn more about that from Dan because he was talking pressures up in the tens of thousands of pounds per square inch so Dan I don't know if you want to add anything to that but that's kind of a recap from from last week and we're going to kind of roll into more of the discussion that there's something you want to recap from last week as well. Well I mean when we talked about the the metals you were talking about they're actually metal alloy families entire families that are impervious to hydrogen metals okay you know family metals that that's right so so it's not just three alloys there's a lot of metals that are actually compatible with hydrogen and then when you combine it with some of the plastics that are impervious with it too that that'll be a game changer so I I can imagine when we sit down and do the the compressor show we probably have a lot of executives running these pipe companies and stuff probably going to watch that show because that'll probably be a moneymaker for a lot of people so if I can get them to put slide number two up okay okay so what we're talking about there slide number two that would be a system that's centerpiece here with the electrolysisers the gas wells on the gas turbine and the compressors that right there is what we would put down at the community level what you would do is you probably have this at the county level or something like this now it's not hundreds of millions of dollars but it is in the millions of dollars so it would be something that you would distribute at the county level but that that facility there you could expand it or contract it but that that facility would produce enough gas that you could provide fuel for a number of fuel stations and whenever you guys need it whenever you need to produce electricity and you've been islanded off the power grid you've got you know power there now so when you're talking about the facility there you're talking about about probably about 20 million dollars but half the cost there's actually going to be that gas turbine because an LM 6000 those are usually about 10 million dollars beef okay so let's go to page number three and I'll talk a little bit about the cost there so that's from next year we had a little bit of talk about that but the big part that I wanted to talk with two things one was I already knew was out there because well here in the Midwestern part of the United States our average cost of electricity is about 18 dollars a megawatt hour now there's a thing on there called a storage app okay if you look real closely at that page you'll see what that is is what we call in the business we call it the battery care okay and usually between five and ten dollars and what that is is that's when the wind's not blowing they make up the power for some place up so I chipped in a little bit of money the next air they find power from from a solar or gas turbine or nuclear wherever you get the power to make up that now I can opt to go without that happen to say okay when the wind's not blowing shut my electrolysis are on it just so happens I'm running electrolysis and that's one of the devices you can turn it on like a like a light turn it on turn it off and it doesn't really matter because you turn it on I produce gas you turn it off I don't produce gas what triggers your compressor all the compressor system is the pressure from the electrolysis so so the point is I got infrastructure that can be dynamically turned on and off that's what we call dynamic load okay in the business so if you want to know what some of the one of the things that the the guys at the ISO the independent system operator the runs a power grid that they would love to have is dynamic load load they can turn on when there's a lot of load the system everybody's using the air conditioner hey turn that dynamic load off it helps them out a lot balancing the grid so they would kind of they would kind of like us to make hydrogen be caught on to help them out okay can I get to let's see page number four please okay okay so where did this idea come from notice I got here transport electrons not fuel so on that picture down there you'll see this square down there the sort of like down there in yellow there's a power plant down in southern Indian called Petersburg Petersburg power plant they originally built that in 67 they've been adding generated units all the way up to 1986 but basically what they did is they built the power plant on top of a coal mine because the utility company I end up as power light decided that it was cheaper to transport electrons and not coal okay now so all those red dots you see those those coal far power plants some of those orange dots those are the power plants we converted over to gas terms so unfortunately you know the coal is running out and I know that sooner or later that Petersburg power plant is going to be turned over to natural gas and I'm going to lead that into the next one we've got right here I kind of go to page number five okay so that's the gas field down the southern Indiana down around 20 Evansville and Petersburg that's the latest data I pulled that out Monday now that picture has the red those were actually oil wells there's actually pupper jacks I think well other ground there's not many of them there aren't many depleted wells out there a lot of those wells if you look at that underlying thing right there this is gas storage we store a lot of gas down in southern Indiana down in that area we pump that gas up from Texas okay now I'm going to talk the next slide I'm going to talk about a situation and it's leading up to what's going on right now it's causing prices to be unstable in the gas markets throughout the United States right you might be hearing about that especially in the next couple months but we can we go to page number six please okay so that's the gas grid throughout the United States with all those pumping stations where we talked about that first meeting we did and I said we're consuming 30% of the gas in that pipeline just powering the pump states okay so yeah so in the past what we would do is we would pump gas from Texas all the way up here and we'd store up up here in our gas field up here and that way when the hurricanes hit in the fall down in Texas and it takes out all the infrastructure we would actually pump gas back down there to keep everybody supplied with natural gas but this year what happened is we had some freak storms in the spring time and it took out the infrastructure down in Texas so we haven't stored enough gas up here and right now we've had a hurricane go through and it took a lot of the infrastructure down down in Texas and down in Louisiana offline so this winter we're going to go into a gas shortage now that's going to turn into an interesting opportunity for hydrogen and it's going to cause what we call price parity let me explain how this is working what we're talking about is a B2 to B2 comparison between natural gas and hydrogen I would I thought I'd never see this but that's what's happened so what happens is whenever natural gas between five and ten dollars per million BTUs that's comparable to hydrogen that's being produced by electricity we're we're purchasing electricity at the power grid between ten dollars a megawatt hour and twenty dollars a megawatt hour and you know so understand that one pound of hydrogen is equal to two and a half pounds of natural gas so we're getting a B2 to B2 comparison and that that's where the price is actually lining up so whenever the price of electricity wholesale on power grid is under twenty dollars a megawatt hour and whenever the price of natural gas is greater than five dollars per million BTUs we get to a point where it's more economical to to make hydrogen stored in the ground than it is to mess with that natural gas and what's been happening the last couple years is because the weather's becoming more and more unstable we're also getting a situation down in the Gulf where we're not seeing as much drilling for oil and hence gas down in the Gulf and if the reason why has to do with the the fact that as we go deeper and deeper out into the water they're in the Gulf and the costs go up because you're going farther and farther out the water's going deeper and deeper believe or not uh Lloyd's a London and all these big the insurance companies they ensure those those drill rigs they they they don't want to insure them right so you're seeing the insurance actually dying that's actually starting to kill off drilling so now the gold stage usually go die between one to two million barrels of oil a day and of course there's gas associated with it but because we uh because the insurance companies won't cover the rigs we're going to see that production start to shrink and like I said she's including one million one million barrels to two million barrels a day so we're actually going to start getting a lot less gas from down in the Texas area now that doesn't include all the shale that they're drilling down so that's going to we're going to see that more and more often so so economically we're going to be driven into doing something else uh and and the hydrogen is most logical thing we can do yeah let me let me just point out there too that you know when you made that point-to-point comparison between natural gas and hydrogen you're talking electrolysis which is we call green hydrogen or the most expensive way of making hydrogen as opposed to steam reforming and you're saying the most expensive way of making hydrogen could potentially be on par with natural gas that's like a mindblower that's going to be a game changer for a lot of people when they really start to understand hydrogen yeah and what why that's happening is that well we talked about last time about these electrolysisers that we pack into a 40-foot cargo container 40-foot cargo container you know big box 1 megawatt of power 22 kilograms per megawatt you know simple idea simple concept but that's a nominal yield some of the more advanced electrolysisers of some of stuff come in the department of energy some of that stuff in theory should produce something close to 45 kilograms per megawatt hour but we'll see but right now the stuff I can go buy right now produces 22 kilograms for a million watts of electricity and when I can buy electricity for less than $20 for a megawatt hour you know you can see where hydrogen green hydrogen electrolysis hydrogen starts to sink and you're going to have a hard time making in the the only reason why we even had steam reforming and why that even exists or that form of hydrogen because it's being made out of the ore refinery what they're using they're using what are called flare gases and flare gases are gases they just it's a byproduct of refining oil as gas they were going to burn up and throw away so it was throw away gas and that's the reason why it was so cheap because it was something they're throwing away from their fire well if you're not refining as much gasoline or if the crude oil that you've got is so expensive to refine into gasoline and it causes the prices to go up that means people aren't going to buy the fuel the point is that that source of hydrogen is going to go away and if that goes away and then we're having problems with the coal you're not going to see that source of hydrogen because that's another way of making hydrants from coal so you're not going to be able to make hydrogen from that just because you won't have the material to make it so what you're going to be left with is green hydrogen that's from the electrolysis and and it has to do with we had this old way of making hydrogen was still there but the costs are going up because the fuel's being depleted and the electrolysisers just got down to the point where like I said we're packing into a 40 foot cargo container and that's the perfect format for hydrogen and electrolysis so the parallel to that too is as we draw down in fossil fuel use we also lose those formerly cheap ways of making hydrogen yeah yeah yeah they all disappear yeah all right can we go to uh was it page number seven please okay so that map right there that's from the department of energy okay and it's been out for for quite a while but that is a map it's the united states so those are places where we're currently storing hydrogen underground places where we we stored hydrogen in the past places where we know we can convert over to hydrogen storage and there are two different ways we can make synthetic hydrogen repositories the light blue areas you see right there those are salt deposits so there's a salt deposit right down around the Tampa bear area that I would love to turn into a giant hydrogen repository drill down underneath that salt frack the rock underneath that salt and build a giant hydrogen repository very tip of the state of florida okay so there's a lot of opportunity there the other one is there's sedimentary rocks there's a type of rock called dolomite which is a very dense formal limestone what happens is when that limestone and the shashree rocks all it's one of those materials that's impervious to hydrogen now you can drill down 10 000 v horizontally drill the rock frack it make a hydrogen repository it's not as robust as the salt so it kind of depends on what areas we try because there might be some areas we make this work and other areas where we can't but the areas where I know we can make work are those blue areas and that's where the salt is so that's a huge huge possibility now if you're a horizontally drilling and fracking understand the total cost you're probably talking about $10 million per well so it's not cheap the good news about that process once you drill it it'll always be there okay but if you drill one in one of those sedimentary areas and it doesn't work out that might be a $10 million loss so there's a risk there with trying to make something like this work okay so page number eight please page number eight there we go okay so what's in that there uh that's northern part of indiana down there you see a box in it's like yellow with a red box okay around it that's a town called fowler indiana that is a wind farm town literally you're driving the town is surrounded by wind turbines okay so the northern part of indiana from about there going north that is wind power country okay so from there and all around the great lakes you're going to see a lot of wind okay now what are the truths about india and it's true here and it's similar for a lot of other states but here in indiana we curtail seven terawatts of wind every year that curtailment means we throw away we don't use the winds blowing but we have no use for the power to to get an idea about how much hydrogen we're talking about that's 154 million kilograms of hydrogen we could be storing today right if you were refueling toitum or i cars you can refill your car 25 million times okay and if you refill your car let's say once a week we could support 493,000 cars on something we're throwing away yeah i mean yeah and that's really the point we try and make to a lot of the electric utilities that are starting to get intermittent renewables they start to saturate out at about like 18 to 20 percent intermittent because of stability issues on the grid and what the point you made earlier the electrolyzer could be turned off and turned on and turned off and turned on it's it can be a load or it can be shut off and you know it it's like you put those two together you got curtailed power from utilities that's being wasted and you see you turn your electrolyzers on and they're make hydrogen and store all the hydrogen for later in the day or at night and or down the road and the prices you're like it's efficient you're you're using that curtailed power to make all this hydrogen which has a value to it that we're not doing right now yeah here's the the benefit here so so and i've said this before to everybody so i'm the guy that designed the system here a big what big cotton iso designed the computer system and so we the iso we have our own internet and so i know how to interface that those electrolyzers into that computer system i can't say that about other isos but i know myself i know exactly how to build the interface on those electrolyzers directly into the computer system that they're on my so you could do this in real time at the speed of light because my so the we use a dark fiber intranet to control all the different systems so so it's so it's not just doable it'll be done in real time in fact i can tell you we have load out there that we dynamically control right now um yeah right so for example there are certain manufacturers that we turn on and off dynamically when we have to curtail power uh certain places that do like roll steel and places like that we dynamically turn the power uh concrete any place that makes concrete we dynamically turn that power off when we've got too much load on their grid we have to dynamic them so when i'm not doing we're not doing anything we're not doing already is what i'm getting uh if i can go to page number nine please yeah even Hawaiian electric they have a they designed a thing called the smart grid and what it really does is it allows the electric company to turn off each individual residential inverter it's like well if you can turn off you know a couple thousand individual residential inverters you can certainly turn off a couple electrolyzers you know it'd be a whole lot easier to program that into your system so okay yeah so if we can go to slide number nine please okay and that's that's the last slide i've got and that's just wind power throughout the united states uh the state of texas you were talking we were talking about texas the state of texas according to my friends down at urca the state of texas curtail 17 terawatts of wind every year 17 terawatts that's a huge amount of wind and you know and we're in the only place we really haven't got really good i don't know why maybe the guys at next area could tell you they're the southern part of the united states you know louisiana all the way to florida for a reason we don't have good penetration with wind but but i i think we've got some other opportunities for the florida coast anyway but but you can see look at that i mean we've got quite a bit of winds throughout the united states and uh there's a report that i have from the department of energy that simply states between texas and the border with canada up there there's a 300 terawatt wind quarter right now if we understand we're talking about canza soklahoma and Nebraska northern south dakota right uh and that's wind country anyway but as far as the rest of country trying to take advantage of it we probably only need to upgrade the grid by about 30 percent just to take advantage of that wind port so so it isn't going to take as much of an effort what everybody thinks is what i'm getting at and upgrading the power grid by 30 percent over a 10-year period of time that's really nothing considering the herculean effort we did in building the current power grid so well this just kind of gets us to the point where you know i wanted to go with uh last show and this one together and that is we don't need to keep the traditional grid design that we have right now which is basically taking a relatively few number of generation sources and pushing it out we could actually have a lot of smaller size generation and storage and dispatchable power uh you know systems i.e. microgrids in like rural areas or residential areas that don't have a huge power fluctuation like industrial areas and we could more efficiently use power in those areas because we're not pushing that electricity through long power lines um at high voltages and stuff so i have a quote you know i used to have to do cubby stuff you know if you're a business guy we had we're always at gunpoint held to do cubby studies and his one point though was transportation of a product uh is non-value added to the process in other words if you have to move it it costs you money that doesn't really add any value to your product it's just getting at places and then you came up the last time we talked and said if you're going to move something move the electrons and that makes sense to me because electrons don't weigh a whole lot they don't they don't take them all out of space you know it's easy to push them through a wire or to to push them through a pipeline if it's a hydrogen and you're using basically the electrons but can you expand a little bit on on that concept but i mean the idea is simple i mean electrons weigh nothing and hydrogen is a close second so so what you want to do is you could purchase look you could purchase the power across the power grid using that energy system in the markets and and purchase the power and if we've got wind or solar or whatever it is that we've got out there producing power geothermal may maybe nuclear power i don't know we'll see maybe we'll get fusion working who knows but the point is when there's power out there available you you purchase it inexpensively and there's times here when you can do that and you turn that in a hydrogen and you store it locally so you purchase across the grid you produce it store it and consume it locally and not try and try to reduce your transportation of it i one of the things that i kind of cringe at when i look at california even hawaii about the you know the the truck you guys got your your putting hydrogen in these big cylinders or a big tank whatever you're hauling that thing around i'm like well you're losing so much how much energy and cost that's just sunk just you're trying to transport or compress gas when all you have all you really need is that power grid and and and just move the electrons rather than you know didn't mess with that truck trying to ship around this and that's that's one of the things killing the fossil fuel business all that cost of transportation yeah and it's a two-edged sword though and my point would be we should be making that electricity locally and making the hydrogen locally and not having to truck it around versus even putting up power lines which for us we have a hurricane about every five ten years and it wipes out a whole bunch of power lines that take a week or so to get back online and that means people go without power and refrigeration and ice and hospitals get stuck and water pumping stops so the idea is if we could make the use renewables and make hydrogen when we could with curtailed power and or use real efficient geothermal like in hawaii to make the hydrogen we could be doing really well if we would redesign our grids to accommodate traditional grid structure for for urban areas and industrial areas and then for rural areas maybe do more dispatchable power and micro grids so i i know one of the things i talked with you about hawaii for why i'm not really a big fan of things like wind power for hawaii because like i said you've got a real state challenge but i think one of the better ideas out there is sea turbines so it's underwater not the ones that take advantage of waves but these are turbines that you sink like 100 or 200 meters underneath the water and take advantage of those deep ocean currents which you've got around the Hawaiian islands and and the concept's really simple you just take a wind turbine you chop it down you and you anchor it down to the bottom the bottom of the ocean and it takes advantage of those deep sea currents and that whole technology i think is just it's going to be an incredible thing and for hawaii i mean i the latest reports i've got you guys could be reduced about 80 terawatts of sea turbine power 80 terawatts i don't think you guys will ever use that much power i don't think that's a huge amount of power that's just right there looking right out there without water that's right there available to you and all you just need to do is you know put a sea turbine out there and grab a hold of it okay well it's planned on doing that show in a couple weeks and we'll uh we'll have you back on and we'll talk about that and we're going to have you back on a couple times because we've dug up a few other really good things that you happen to have expertise on that we can really explore more so that's going to do it for stan energy man today and we'll see everybody next week and thanks to dan going again for spending some time with us aloha


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. 927-6648 or internationally at<PHONE_NUMBER>. Larry Pesavento. Okay, looking good, Billy Ray feeling good, Lewis. I think I posted a chart, didn't I? I thought I did. Oh dear, hold on just a second. Maybe I didn't. Oh, hold on just a second. Folks, the old cowboy has taken the old time clock. Be patient my friends, I'm coming. I'm trying to get a chart up here so, uh-oh, where's my chart thing? It doesn't give me a chance to do the chart. Wow. Hold on here, I'm trying to find the, well, but that's what happens when you're not sleeping at night. Hold on, where is the, it doesn't give me a, it doesn't give me, oh shucks. It doesn't, oh man, now I've lost, oh boy, hold on, escape here. It doesn't give me a, where I usually do my, put the chart in it. Oh man, boys and girls, I've been with you guys for a long time. This old cowboy is flat out exhausted, let me tell you. The action last night, I had to stay with it because we had some, we had a position on, oh man, this is, I just don't, I can't, Al, what I can't do is it doesn't give me a place to add, to open my chart like I usually can. I don't know what's wrong. I can't, I can't figure it out. I don't, I don't, it doesn't give me that option. So I'm not going to worry about it, just done a darn thing I can do because I, maybe I'll figure it out at the break. Let's talk about markets folks, okay? Eventually I, eventually I will get some charts out to you. Why it's not working for me today, I do not know. But we'll see what's happening with this stuff afterwards, but that's not working either.  Let's try to get this going. Okay, what's happened last night folks? Is the market exploded to the upside? I mean, you can see here that we just went wacko to the upside and we went all the way up to 3772, 3775 I believe was a high in the S&P. From there we broke 80 handles. We went all the way down to 3695 and we rallied up to the 382. The reason why that 3775 was so important, two reasons. First of all, it was an exact, exact domando to the 382 of the high in September on the eclipse, okay? Now remember we got eclipse coming up here next week here on the 21st I believe it's this week.  So we got to be very, very cautious about that. What it means I don't know. The fact that it hit that number and backed off is all that it means, okay? Now what I wanted to talk about today was not the stock market. I want to talk about that a little bit because this is the first ABCD correction we've had folks. Are you ready for this? Since June. We have not had a good ABCD since June. Of course that was a high too. So that's why it's so very, very important. Now, secondary thing is the Treasury bond market. I don't know if you know this or not. If you take a look at it, it is collapsing. Now if you think we had a rally like this in stocks wait till you see the rally that we're going to get in bonds. When it is, I don't know. But boy, oh boy, it will be ready. This market is extremely, I mean double, triple, quadruple oversold. And that will have a huge rally. And that's all it'll be. It'll be an oversold rally. Now today, the chart that I wanted to show you I used the Dow Jones because it was the clearest. All of them did the same thing. Also, by the way, skipping around a little bit. Also, by the way, the NASDAQ did a 382 today too in ABCD fashion. So there's a long way for it to be out of the market, but this might be the start of a big bull market. I don't believe that it is, but anytime we close above 3850, I have to say, yep, all this stuff I have is not working. And we're not going down. We're going to go up. But right now it still looks like we have a possibility of, you know, moving to the downside. I wish I had some charts to show you, but there is no way I click. I click, nothing happens. And I don't know. Let me see if I take that off. It didn't help. That offer doesn't help. This doesn't help at all. And it's disappeared where it says to I'll try it one more time just to see if it works. Hold on just a second. Okay. Get that up there like that. Well, I have this no way. Jose, can I get a chart up? It does not give me the option. I do not wear. Click Tiger TV. Okay. Oh, shut the front. It's still no charts. Oh, now it says share the screen. That I sound terrible. Okay. All right. I think I got a chart. There's the first one. Okay. Hey, we're going to be in business. Here's what happened last night. Okay. The market closed. Okay. Then it came down right in here. Made a 382 retracement. Thank you very much for the help folks. I didn't know that. And then you went up, made a beautiful ABCD. Okay. And then we went a little bit higher high. This was this also was a 382 of that one. Perfect. Then we went up here. Once we went below this first 382, that changed the name of the game. And then started to go down a little bit. All right. Now let's let me get a couple of charts up here to show you what I've been talking about on these things. I want this. This is the one where the real money is folks. This is you talk about real money when they, when they get these boys by the, by the short hairs, there's going to be something really crazy to have happen. So hold on just a second here. Why does it not see? It doesn't give me the, oh, it's a different thing. They changed it. Share your screen. Okay. All right. I see they've changed it a little bit. That's why they just didn't tell me. That's what I think anyway. All right. This is a weekly treasury bonds. Okay, folks. But one thing that we've done here at TFNN since, since God was a little boy and we made that first 382 retracement up in here. We became bearish bonds. Here is where they fed us the tapioca about a negative interest rates. 382, 382, 382, folks, we are near what is either a say good night to the treasury bonds altogether, or we're going to get a rally. And believe me, we made new lows in the bonds today folks. I saw, I saw a print of 121. And, you know, that I had, that I had for these bonds was 128. When they were 142, people were laughing at me. And hey, you know what?  And that's a good thing too. So I hope that's why. First of all, I hope that our, our friend, Mr. Jeff Fuge of Alpha Insights will be our guest. I'm going to be checking on that. And he'll help bail me out brother. Keep the cards and letters coming. Give me some sleep. I'll be right back. The booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. 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Steve Rhodes 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 TFNN, 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. TFNN, Educating Investors. 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. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 Days Risk-Free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. Market Insights internationally at<PHONE_NUMBER>. Okay, folks, you know as most of you know here at TFNN that I've been watching for a potential really big move down in two October, between the 21st and 25th, and also a possibility of one right about the election time. So from there, I think we'll get a very strong round. It doesn't look as the market took off on Sunday night. I posted the chart up here. This is why the market took off Sunday night is because the things in London looked nice and clear. The British pound had rallied and it rallied up and made a new high off of that last little run and then it has reversed. And so that tells us that, you know, maybe what was happening there was not true, but our markets still continue to go higher. Yesterday after the market closed we ran 650 points after the market closed into the overnight session. And that's why, why am I, I know why. Oh dear. These folks who keep calling me for some reason, I don't know. They think I know something from the inside and boys and girls I do not know. And you know what? I don't care because you don't have to care to make money because you know why you'll never know for sure whether it's right or not. But this chart tells you that we went up here and tested that by just two or three pips and then immediately reversed. That means something to me. Also the fact that these markets were at a very, very critical level. You know, we were setting exactly at the 618 Sunday night and I said in the video, I said, boy, I said the only way this is bearish, I said is if it goes below here and if it doesn't go below here, it's going to go higher. I forgot to say two words. Buy now. And I didn't add those into the thing but that was a thing to do Sunday night. But that's retrospect. But you got to go back and look and see how some of these things are operating. I'll show you this chart because this is why it was so incredible. This is a four-hour chart and you'll be able to see what I was talking about here. It's everything that I talk about. I mean, it's just not a, it's not something I talk about every day but look at this thing. I mean, it was setting exactly at the 61% retracement of the low right back here. This is a four-hour chart. This didn't take but two days to form.  Remember, we were up 900 points in the Dow Jones, okay? And all we did, folks, believe it or not, is we did A, B, C, and D up to the 382 of the, of the, of the September high. So that's why this market is sold off a bit. Now, if it reverses and continues to go higher like it's been doing, we are going to look at, you know, potential that by golly this is a bigger thing than I thought and this pattern is not working this time but until that happens, we have to wait and see what's going to happen. So it's very important today's close. If by any chance, and it's a really long shot, hold on just one second, it's a real long shot, okay? And that's the main thing to look at. By the way, on a personal note, I have to tell you something here, folks. We live here at Davis-Month on Air Force Base and I like classic cars. And I have a gentleman that does work on them. He works out at the Air Force Base and I had a problem with one of the cars and it was going to cost about, I don't have a lot, I have three. And they're not that expensive. But one of them needed a little bit of work and so the work was going to cost me about $2,500.  So he's in the motor pool at Davis-Month on Air Force Base and because he's on the base there, he can bring the car in and work on on the base in his off hours and he has buddies and so they did some stuff and comes back to me later and say, hey, this doesn't need anything. This is a $200 valve that had to be replaced and I couldn't believe it. I was ready to pay $2,500 and he comes back 24 hours later and tells me that it's only going to be $200. And of course being the generous person I am, I gave him $225. Well, I gave him a little bit more than that. But anyway, when you see young men like that that are so honest, boy, it really makes you feel really, really good. And I told him, I said, please tell your parents that they did a fabulous job with you because you did a great job and that's great whenever you find someone young like that that can be really good. Okay, I'll have more sleep tomorrow, so I will be okay. I wanted to show you this the day before on this run-up. This is where it started here Sunday night. To me, I was able to do some of the stuff here on Sunday night. I was sending them out as they were going. But as you look at this here, this is only Tuesday, folks. In two days, we've gone 1,300 points in the Dow. Look where we were here on Sunday night. There's where we made a slightly lower level right there at the 618. Do not pause charts. I don't know what that means, Al, but I'll do my best, okay, pal? Anyway, the market goes up, makes a 3-8-2 retracement here, makes a 3-8-2 retracement here, had this huge move, a sell-off makes a 3-8-2 retracement here, and that already showed you what it did last night. I mean, it just keeps doing it. Okay, that's great. You do have the charts, and so I'll keep moving on forward and see that we get it. The key today is today's close, folks. We are in a cycle time that has not been seen for a very long time. What I mean by this is we have a whole bunch of cycle dates coming in, and that's why it's so very important. Remember, the first one was on the 16th, then we had the big down move. Then we have the 18th, and we got a question from Al in Houston. Yes, sir, what can I do for you, my friend? How you doing, Larry? I'm living a dream, bubba. I'm on the green side of the grass, but I need a cot to take a rest.  That makes all of us... Oh, I get it. Well, you're seeing on the e-meaning that you may see a potential upswing, and I've been hearing the same thing from another subscriber and one of your student friends saying the same thing, but we weren't sure. I'm kind of seeing a basing on those markets, and I'm also kind of seeing something similar in the precious metals. So I'm kind of wondering what are you seeing if you're seeing something similar? Because what I've seen, they kind of go harmoniously similar upward or downward right now. Their assets, yeah. They could certainly be it, but the thing is that these dates that I'm looking at out in October are so big that it would be unusual for them not to work, but this could certainly happen. All we need is a close above 38, 40 in the S&P, and there's just no way that anybody can be bearish. There's just no way why is someone calling me here on this number? I don't know. I don't know. Oh, dear. You're calling because there's work where all things are the same. No, no, no. Let me get this for us. I have some neighbors here that I take care of. They're in their 90s and stuff, and that's not one of them, but it could be another neighbor, but I'm going to have to get it later. I don't like to be bothered. I should have turned the phone off, but I forgot to. Anyway, Al, you'll know if we get above 38, 50 in the S&P today or tomorrow, then there's no way I can be bearish. Does that make sense? Well, I was talking about gold. I was asking later on after the break. Gold's not ready yet. Hang on. It's going lower. I still think it's going lower. Call me if you have any trouble. You've got my number. See you later. Bye-bye. We'll be back with Jeff Hughes, Alpha Insights, folks. Sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including Artleys, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love your 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting tfnn.com. 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 and 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 Jeff, your first chart here is the 100-year storm. You want to tell the folks what you're looking at here? The 100-year storm is the worst performance that the 60-40 benchmark strategy portfolio has seen literally in the last century. We are down to the 60-40 benchmark strategy portfolio in the last century. We are down 30%. That's a 60% portfolio, 60% S&P 540% layman egg or I guess Barclay's egg, maybe it's the Bloomberg egg, they keep changing their name. I'm not necessarily a bond guy, but I will tell you this, most pension funds, most institutions that do asset allocation have this as their primary benchmark and they try and invest around it. They've got some exposure and they might have some real estate, some private equity, some hedge funds, but for the most part 60-80% of their portfolio is oriented toward this benchmark. That benchmark is down over 30% year-to-date versus a 100-year average of 9%. It is the absolute worst performance we've seen in the last century. Nowhere to hide, Larry. Yeah, well, it's certainly when I saw that I said oh my goodness, I said things look really interesting. I will have a question later on bonds, but I have a nice chart here about earnings and I think with everybody watching earnings that are coming up today they might get some information out of this one here and you'll see. You want to tell us what you're looking at here with earnings growth? Absolutely. We've been seeing estimates of earnings growth dissipate pretty aggressively for the last two to three weeks. In fact, the street consensus going into the year was looking for over 10% earnings growth in 2022. By the end of the third quarter and that was just, you know, September 30th the street was down to just around 8% earnings growth for the year. In the last two and a half weeks that has dropped to 6%. And one of the big issues I think is that almost every sector has seen negative revisions throughout the year. The one exception has been energy and if you were to remove energy from the S&P 500, year to date S&P 500 earnings growth is negative 4%. So energy is doing all the heavy lifting. You know, we've seen negative revisions in industrials, real estate, luxury, but they're still positive on the year which is keeping the S&P that coupled with energy is keeping the S&P up for the year. But my suspicion is we're going to see a negative earnings number this year that is going to surprise a lot of people. Okay, wow. Now the next one is about the Fed and their rate hikes that are coming up. I'll get this chart up here for you in just a second. We're looking at here for that's right before the election. So what are you looking for here? Yeah, well it looks like the consensus view and this is based on the probabilities basically determined by the Fed funds futures curve and it looks like market participants are expecting about a 97.5% probability of a 75 basis point hike on November 2nd. Honestly, that number was last Thursday when the CPI report was printed and that was a hot number. It actually resulted in the Dow dropping 500 points on the open only to rally back dramatically into the close up over 800. And my suspicion is that people are of the opinion that well if we're this close basically the Fed has to start to pivot. They're going to pivot anytime now this will be the last hike and I got news for them. Pivoting isn't that great for the market. Well, I'll tell you the volatility I saw last night I hadn't seen that in a long time because the people were asleep and they didn't realize that the Dow Jones was up 700 points in the overnight market and I bet you there's not 5% of the people that even look at that thing. I don't think so but boy it was a light volume but boy it was so rocking and rolling oh here we go. What to expect on Fed Pivots. Let's get these up here because this will be really interesting because I don't know anything about this like most of these charts but you certainly are good at telling us what we're seeing here. What to expect when the Fed pivots? Yeah, you know so let's just assume that everybody's right and the Fed's close to pivoting. Well the last few times that they've pivoted you know on these major economic reversals like this August 7th for example the great financial crisis the stock market dropped for another 18 months following that point. It didn't bottom until late February actually March of 2009 on an inter-day basis and it was down 50% the dot-com bubble the Fed pivoted in December 2000 the market kept declining for 21 months and ended up down another 38% before bottom in October of 2020 if you look back to 1989 to October 1990 during the Gulf War the Fed pivoted in June of 1989 the market was down another 4% over the subsequent 16 months he had the 1981-1982 period where the double dip recession after the Fed pivoted we saw another 16.5% decline in 73 they pivoted in October the market declined another 41% over the next 11 months and in March of 1970 the Fed pivoted and we saw another 18.9% decline over the subsequent 3 months that's an average decline of 28% over an average period of 14 months after the Fed pivoted on all of these major recessionary conditions now it's pretty widely regarded by most experts that the Fed is purposely going to put the economy into hopefully a shallow recession but my expectation is once that occurs and the Fed does pivot that will be the kickoff for a significant further decline wow yeah boy that's uh we live in interesting times my friend I can certainly tell you that it's really been amazing we've got a bunch of other charts here that I think you're gonna love here so bear with me let's get it up which uh oh here comes something that bulls don't want to see but I have to agree with it and that is new lows are on the way Jose let's get it up here there we go new lows are on the way that's right we we wanted to kind of you know update our thinking in terms of our Elliott way of count on a short term basis and you know this is really looking from the August 16th high and uh the most recent low was last Thursday October 13th and since that low we've seen a pretty um well articulated ABC retracement uh that's a three wave countertrend move we think the initial decline into the October 13th low was probably intermediate wave one of primary wave three down and what we're probably experiencing today at least so far uh is the top of intermediate wave two we've actually got a little bit of leeway here we think it could potentially carry to uh say 3810 uh possibly even 3910 uh before it completes but you know it's right in the zone we're we're certainly within a hundred hundred and fifty S&P handles of the top and we would definitely uh you know move a step aside from the market if you're trading this because we think the highest probability move is to the downside and we think the break of those uh October 13th lows we'll see a dramatic acceleration and selling pressure and new lows probably around S&P 2750 to 2400 Jeff stay with us Jeff huge alpha insights folks good stuff you don't get any place else<PHONE_NUMBER> you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day 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 tfnn.com educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily biotech three times bull and bear etfs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at<PHONE_NUMBER> the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol TZ okay we're back folks speaking with Jeff huge of alpha insights and he's going to be talking to us about his preferred Elliott wave count would you like to continue Jeff absolutely I wanted to give some big picture perspective to that last chart which really just indicates the decline since the August 16 this chart looks back all the way to the 2009 low and so we can see how you know that advance 2009 low into the January highs of this year counts five waves up and that seems based on the work that we've done to terminate at four degrees of trend intermediate primary cycle and super cycle degree and if we've terminated super cycle wave three as we believe we have then we're probably just in the very early stages of super cycle wave four which is a three wave correction to the downside and what we've mapped out here with what the market actually traced out and some additional illustrations is how we believe the first of volley of that wave eight of the downside will trade out and we see it as an impulse wave five waves down and so far we've put in primary wave one and primary wave two and as you can see we're just at the precipice of a breakdown into this primary wave three where we should hit maximum momentum as soon as we take out Thursday's lows of last week and that could carry the market down to around at least twenty seven fifty possibly as low as twenty four hundred before wave four which again will be a counter trend advance probably a shallow lateral move and then a final fifth wave plunge down into the lows which we expect to be around S&P twenty two fifty and that will terminate wave A of an ABC so in other words once wave A is down complete we should see a counter trend advance to retrace around say a third to two-thirds of that call it a fifty percent retracement just to kind of be honest and then we'll see another leg to the downside which could carry the market as low as say fourteen hundred based on kind of a very simplistic sort of analysis here so that is our big picture view of where the market is headed looking out over the next couple of years. Okay we have a question for one of our listeners is how long do you expect this bear market to last it started in January it would be unusual for it just to stop after ten months wouldn't it I mean you think that I agree yeah I think yeah so so there's two ways to think about it number one we have to correct the 13 year advance that's going to be about say 25 to 35 percent in time so I think it's going to be you know up to a three year process just to correct that period of time if we're really truly in a supercycle correction it can take a decade to fully correct it it might be a lateral move in other words the first ABC down could be part of a complex pattern that takes years to evolve and so we should be prepared for you know a period that's something like the 70s where we just go back and forth for a decade Wow well in markets not all markets all stock markets go down because it's a market of stocks not a stock market in that you're looking at a stock called Globe Life is that an insurance company it is used to be the old torch mark insurance if you remember that company and you know they've rolled up a bunch of other insurance companies and created a bigger company that they renamed Globe Life this is the stock that's made a new all-time record high last week and broke out above the top end of the long term range that dates back a couple almost three years now and to me we we want to try and find stocks that are bucking the broader trend the vast majority stocks are trading below their 200 a moving average very few stocks are making new highs Globe Life is among them and for reasons that are you know above my pay grade and probably most people the stock is acting very very well and what we want to do is we want to identify stocks that have potential and using technical analysis in this case we've identified something of a cup and handle base formation that projects up to about $163 we want to try and buy stocks like this as they break out and hold them into those moves and then sell them when they hit our target and try and lock down prices in this market Wow that's good folks I want you to pay attention to this next slide because we have to talk about this I see you're want to get this up this is your performance because there's something in this chart here the graph that you said that we have to talk about you want to tell the folks on your portfolio portfolio performance update because I have some comments on this that everybody should listen to even if you don't think I know anything so anyway go ahead let me just say this you know we launched this idea generator lab portfolio last November 15th and so that was 336 days ago in that time we published one idea every week and the 36 ideas that we put up about 30% of them are about a third of them or so have been winners and the average winner was up 18% the other 70% have been losers but the average losers only been down 5% we've had equal weight portfolio of basically 5% positions and our net positive return here has been 17.18% during that period of time meanwhile the S&P has been down 20% so we basically added quite a bit of value almost doubling you know that performance of the S&P 500 on the inverse side Jeff let me explain my view of this chart here that I talk about all the time and no one ever well some people listen in the lower left hand corner folks you see WL that's win loss ratio of 30% he has a performance that is knocking the socks off of the S&P 500 and he's only right 30% of the time do you know what that means folks you have to take care of your profits okay or take care of your losses and the profits will take care of themselves it's not what you make it's how much you don't lose this is a real really beautiful graph of what I try to talk about you don't have to know what's going to happen next in order to win and you can't because you don't know what's going to happen next but if you take care of your losses the profits will take care of themselves and boy that's a hats off to you my friend you deserve the gold star for me is probably the best chart I've seen in the years that I've had you on the show I really mean that sincerely that's a game breaker for me because boy that's really beautiful now let's take a few minutes left here we'll take a look here you've got a free monthly newsletter that the folks can take a look at and then we'll get it this is a public service amount we publish a free monthly newsletter it's affectionately entitled huge insights the big picture comes out around the first Saturday of every month unless there's a really important economic statistic coming out the following week then sometimes it's second Saturday but you know that as it may what we try and do in this newsletter is really just you know map out the big picture from an economic perspective from a market perspective and then we give you our forecast and you know I think it's a nice way for people to kind of follow our work in general now we do for by the way you can subscribe for free to plug your email address in and just hit subscribe now when you go to our website at jwhinvestment.com under free newsletter and this will take you right to it or you can find it on twitter we're at alpha underscore insights and then you know we get this response from a lot of people you know they send us emails and say hey that's great Jeff we love your work but how do I invest how do I make money with this give me some ideas we got this upgraded service from members and the membership gives you access to our top actionable idea every week and a good example is that globe life that was a recent idea that we shared with investors and I think it's one that you can benefit from if you like to trade stocks Jeff we'll have you on again soon my friend may God bless and stay on the green side of the grass and be safe thank you Larry take care now bye bye the mount Todd gold project Mr. Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Mr. Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction Mr. Gold trades on the NYSE American and TSX under the ticker symbol VGC Mr. Gold executing a strategy to create shareholder value you might think that if you want to be successful at trading in the stock market you're going to need crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading technology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day 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 tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader 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 thanks for watching and I'll see you next time on educating investors tfnn has launched 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 the Tiger's Den available to all tigers and Tigris's for just $1 for the year there's no catch or added costs just visit the front page of tfnn.com 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 hey boys and girls we're gonna go back to trading trade what you see not what you think and this is what I see you see the low that we made down here with this little arrow is pointing there in early October we rallied up into the October 4 we came down we stopped right here 1.27 of this swing we had a very strong rally last Tuesday, Wednesday we gave it all back on Thursday and Friday we stopped exactly at the 61% retracement and we went up and we made an ABCD you see this little line right here that little line is where it went to and we came back below it again but we made the 3A2 of the September high September 28 so let's remind ourselves that's where we are and that's where we shall be by the way our guest tomorrow will be Adrian Tolgaray of Trading on Target and Thursday I believe we're going to have Tim Boss depending upon if he can float his canoe in through his office but we get through anyway folks should we close this line up in here that's around 38, 10, 38, 20 then I put the white surrender flag out and say well this didn't work the way I wanted it so I certainly saw this bottom in here we talked about that on several videos in the newsletter that we had major support just sitting right there Sunday night and I already showed you what it did Sunday night waited lower low by 2 or 3 pips and then away it went to the upside the other thing is check your foreign currency charts folks I'll do that tomorrow for you here because it doesn't show anything of any type of panic anywhere most of them are just doing what they're supposed to be doing so also live every day in an attitude of gratitude and may God bless thanks you for putting up for me today folks and I'll be back in business tomorrow for sure so please do something nice for your neighbors because golly everybody needs help and if you're there give them a jingle


What's going on everybody got Collins Sean here relating sports cards, and we are ripping this one is prism football Six box half case number 11. This one is pick your team stop Torture myself the room's teams I root for I feel that I feel that we got Antoine with the Browns Ashley W has the Bengals got Brad B with the Steelers Shipe has the Finns and the Commanders Chris S has the Bears Christian B has the Seahawks got Daniel B with the Eagles Dustin G has the Chargers Manuel L has Titans Harper has the Colts Jason L has the Rams we got Jason R with the Vikings Jeffrey H has Panthers Chiefs Joel C has the Buccaneers Jonas B has the Texans Justin D with the 49ers Larry with the Raiders Leonie G with the Packers Matthew B with the Cardinals Matthew Bo has the Giants we got Nicholas U with the Saints Randall C with the Lions Ray G has the Falcons Robert G with the Bills Ryan A with the Patriots Steven S Ravens and Jets Thomas W. Jags Tom B with the Broncos and Vito C with the Cowboys Alrighty. Good luck here guys. Let's see what we got do some prism Six box half case 11 got four of these half cases coming in then a four three box random teams as well Like some spots coming in as well. Thank you guys Conor Mcdavid and all-star shocking Conor Bedard and all-star there we go Conor Bedard and all-star That's a good start 225 we got Jalen Petrie purple ice Jordan Addison rookie and Maisie Smith. Thank you Kevin. Thank you Kevin taking Titans in 13 and 14 Mike K Brown a grabbing a couple random team prisms and then Steven grabbing the Falcons in number 12. Thank you, sir Thank you guys. We got Raiders Jets bucks next three more to go in the next half case Raiders Jets bucks. I'm on black finite. I Got to be the one prism break in jigba and Christian Wilkins the 249 E for the Dolphins Ivan Pace and deuce Vaughn rookie is Prismatic silver Bijon for Atlanta and blue wave is gonna be tealaw for the Jax tealaw to 199 Rishi rice And Dalton Kincape Okay, I'll try to change that Steven. I'll try to change that the next one my man See if we can get you a nice one There's a lockdown silver jail Jalen Petrie and to 175 is gonna be Cole Komett hyper Gonzalez and Charbonnet hype up to a And redemption is gonna be Hinden Hooker on the prism silver auto nice one there. That's actually RPA patch auto nice one there lions RPA silver of Hinden Hooker very nice one there alliance To a pillow to Jonathan mingo. I don't see too many of the RPA. Stop that As many eases we can get let's go shite Let's go. There's a purple rookie for the Patriots K. Sean boot a Boots a for the Patriots to 125. There's a base CJ Strout. You got Texans Taijai Spears Orange wave number 60 Silver is Christian Watson and a 60. We got David back to yari for the Packers Orange wave schoonmaker and Nolan Smith They're announcing the all-star game. I have a weird time to announce it The 225 we got a dat win for the Cowboys Jaren Hall rookie. I hope everyone's having a good a good week There's a Garrett Wilson and our auto is gonna be Jane Reed nice one there Hackers on the red shimmer rookie once the 149 and really good for the Packers the Sparty The Sparty silver rookie tank big speed and blue is gonna be Vita Vita Vita Vita He really has shite. He's been great man. I've gotten a couple of any time touchdowns hit on a Jane Reed Prismatic of fields and Kim K nice one there to 175 rookie for the Beals Very nice Any rams not so far Jason not so far. We'll lavish rookie Haven't seen any puka yet.  Yeah We'll mag that for you shite on the short print blueprint box to See a few of those so far Box to blueprints are far like those and the profiles profiles are sick 249 Jeffrey Simmons Titans Clea Kansy Chase Brown 249 Eddie Jackson for the Bears No, no staying glass and these they have the color blasts. They have manga They had the blueprint short prints and the profile short prints I think there might be one or two more, but who gold insert Gold insert it's for the Packers. It's gonna be a merchant gold of joy and love Nice one there little color match pack That's a clean card right there to ten little Jay Hart nice one Packers got the Jane re-auto now We got a gold Jay Hart very nice pack and 225 quest Watkins Jay Hart's been playing good man. He's got a he's got a good cast the young Yeah Oh And Patrick my home's on the throwback there we go chiefs 2012 throwback little patty Nice one there starting off hot on this case and a Justin Tucker blue wave Not bad so far not bad at all Yes, even that one was nice that one was the one that made me really like them I hadn't seen too many on before that it's a prismatic Lamar and signatures as the 149 Drew Bledsoe for the Cowboys on these signatures nice one there Drew Bledsoe Cowboys strange Silver Micah Parsons and red is another hidden hooker very nice Lions go with the RPA to 149 Jimmy or Gibbs Any lion Right that's a weird one Vaughn that's a weird one There's a Robert Woods bull Bobby trees and Xavier McKinney to 149 or 125 purple Jake Hayner That's a strange one there another orange wave to a 60 and it's time. It's trade Lance for the Cowboys Number to 60. That's also weird seeing trade Lance. I haven't seen him in a Cowboys jersey auto coming Silver sequan and this will be tank Bigsby Silver rookie Otto Jax Seder Tobin Jalen Hyde Silver rookie cam Smith E and Purple the 225 rookie for the Cowboys or sorry Colts Julia Sprint's He's on on the base and Tyree Wilson The rate it's like a Parsons on the hype And blue wave right behind it's gonna be Shaq Leonard for the Colts To 199 now a eagle now a eagle It's on Harrison. I did too Stephen honestly Kind of forgot about that in the beginning of the year about Trey going over there Here's a red wave to be Tyson Campbell for the Jax 149 Kendrick Miller and Sam LaPorta. What's this that? Yeah, I don't know shop I think I saw him a couple days ago like on the sideline, but I don't know if I've I don't know if he was fully Suited up not liking it not liking it hype Silvers Jalen hurts for the Eagles and red wave is gonna be rookie DJ Turner bangles And in hooker again and Joey Porto, Jr. Green Scope is gonna be a Trayvon digs for the Cowboys to 75 Trayvon Tyler Scott Brian briefs Next one guys still has Jets Raiders and bucks Jets Raiders bucks. Thank You Jeremy taking the Cowboys in 14 Chuck taking a couple of Bowman jumbo spots Couple of mixer spots as well Matthew taking the Eagles in prism half-case Appreciate you guys only three to go on the next one really go Want to see one of those dual color blasts? Down for one of those And this one's gonna be a Jason Seahorn for the Giants there on the green scope out of the 75 sensational six Manure Forbes, there's a puka first puka nakua Yeah, I was I wasn't thrilled about the dual or dual color blasts at first But the sets only like five five combos and they're they make sense. It's like Tyreek in Tua. It's Joe Burrow and Chase They make sense for sure. It was pretty dope. They're the only rookie ones to though the CJ one to 225 Michael Wilson 225 I think it's Dak and Dak and CD have one It's like really good combos. I was a at first. I was like it needs to be a really good combo Just like so one guy wouldn't take the other one down and at all The silver Brunel and a two to two 49 John Taylor Yeah, they did a good job with that. I like the I like the combos that came up with quarterbacks and star receivers There's a Jackson Smith on the throwback rookie nice one there Yeah, we got a puka nakua. There we go Jason who could a 125 that'll do on the purple About to break the rookie receiving record in a few days No, he's 45 yards something like that. Thank you. Jeffrey taking the Falcons in 13 Jeffrey David taking a couple random team spots And Jace Jace grabbing some insurance my man J for J. There's a Brock Purdy merchant And Tyler Scott on the auto silver rookie out of there for the Bears Yeah, he's a beast man.  You're doing something right to 75. We got AJ Brown. Nice one. They're Eagles Stetson Bennett Tyreek Stevenson Silver Brandon IU to two 49 D Andre Swift Eric Gray KJ Henry blue wave is gonna be Fred Warner beast for the Niners to 199 Trey Tucker Miles Murphy Hi, it's Bryce young on these silver rookie. There we go Panthers Nice silver Bryce Very nice one there and a green wave Zach Harrison to 75 that'll go to the Falcons Very nice on the silver Athlete take that graph Panthers Yeah, it's I think that's a new thing Jace. I think that's a new thing ask if you want some insurance on the site There's a Bijan frismatic rookie And to 249 God's who leads see a pillow to rookie there for the charges Jamiro Gibbs and Erica. All right box number four here guys. Good luck. Let's keep it going Yeah, I saw that too Steven. I uh They do they they're doing pretty good with what they got though the Gus bus and Lamar pretty good. Uh, a Pretty good rushing threat for sure Thank You Jason taking a another spot gathering the Chargers number 13 Going here guys Yeah, I don't don't necessarily disagree with that Justin Fields Nolan Smith on the rookie silver for the Eagles Derek Hall and Elijah Dotson green hyper Prism break that's gonna be CJ and green hyper to 175 Marcus Allen for the Raiders Musgrave. Yeah. Yeah, Diabe other orange wave to 60 joy Bosa and Quinn Williams to 60 When it Williams to 60 Donald yeah, I saw I saw it came on its own. So I figured you were just grabbing some insurance for that Jace Nice throwback rookie is CJ Stroud. Boom. There we go Houston H-town we'll get a mag on that That is mr. Jonas B with Houston very nice CJ on the throwback First one of these I've seen on the silver there we go uh Go H-town Jonas get that a mag and right behind another nice one is Jamiro Gibbs the 225 Purple shimmer good packed air Jamiro Gibbs and a CJ is a flowers base and a chain Eat Yeah, I like that. I like those throwbacks to man. That's fire There's a prison break silver Bijan And our auto is gonna be Tanner McKee on the Camo auto nice one Eagles This little color match there on the green green camel Hey, I'm a key rookie out of 25 Zama very nice when there Eagles the rookie QB I'm all black Friday. We'd hide So red shimmer Kurt Warner It's forced on vacation. He's not he was ripping this morning Bryce young rookie He was on vacation last week actually and a Jaden Reed rookie Yeah, he came back on Saturday of last weekend He was on fanatics this morning though, but we'll be back tomorrow night as well The silver Jeffrey Simmons and a 249 Jawan Bentley 249 Skoroski and Quentin Johnston. He was in the morning yesterday, too. So you might have missed them Griffin in the morning It's a blue wave Kyle Trask Kyle Trask there at a 199 Jalen Carter rookie and Sean Clifford on black finite It's time It's a silver rookie Byron young Raiders and that's gonna be quarter old Patterson the 99 or the Falcons Really debris cat was an all-star. Let's go. I saw Bedard got it Bedard first season also. I guess we can just expect that every season You just expect that from here on out Save him a spot Merchant Ken Walker and Zach Evans. That'll be a Ram Sorky. It's a 249 Zach Evans got a Rishi rice and kin Kate. There's a nice one Drake London on the fireworks Blue ice to 99 Falcons and we got a Miles Murphy blue wave rookie to 199 Purple ice to me chase young for the commanders It was shite former commander to 225 not a commander anymore, but Alrighty, that'll go box four now two more guys. Good luck box number five Now yeah, I feel you. He'll be back tomorrow night tomorrow night and Sunday night, of course. We'll be back on here Yeah, he does Wednesday mornings, and then he was off for last week. He was in Philly He was in Philly all last week. Righty. Good luck here guys box number five Feel that including the coach Including the coach. There's a all-purpose Nick Chubb to 275 Van Jeffe for the Falcons Chon Clifford and Skarotsky. I'm on black finite There's a prismatic silver Kelsey and Oh, nice one here lions. It's gonna be Jamiro Gibbs on the silver rookie auto And with the Hinden Hooker RPA Jamiro Gibbs Nice stuff other orange wave to 60 And this time it's big play sleigh for the Eagles Orange wave kin Kate rookie still just three to go in the next one guys It is Raiders Jets and the Bucks Raiders Jets and Bucks second half in this case So verminka, there's a Stetson Bennett Rams the 225 That's been coming out since Jason asked Rashi rice base He's going I saw the Poco 101 auto got posted today on the 101 Facebook group Was nice. There's a red Josh Jacobs Josh Jacobs the 149 Jonathan Mingo Christian Gonzalez That's probably true. Bless you. Thank you, sir There's a silver rookie Deshaun Johnson And the 249 AJ Brown another AJ Tyjay Spears to a pillow to red wave David Montgomery Yeah, Diaby Elijah Dotson to blues Thanks, Jayce. First is a Justin Herbert height Blue ice to 99 and right behind is DTR on the blue ice nice one there browns rookie QB also to 99 Dorian Thompson Robinson pulled his black shimmer solid one But still go bills I can say bless you, but we ain't on that surround. That's a snake skin out of here.  Oh really? Yeah. Oh, that's kind of fire. Yeah I like that Um, I can take him down a few bucks Jason. I think I took him 20 bucks off this one. I could probably do the same Number 12, let me see here. Yeah, I think I took him 20 bucks off for this one. I could probably do the same It's raiders jets and The bucks let me let me mark down those all three of those either way. It's a few bucks All right guys those last three are updated prices Hey, what's up JJ? I know man. I know we were trying for that We are uh, I don't know how we haven't hit one yet. We are running low on it, too We are running low on it, too Yeah, I know shite.  Appreciate everybody grabbing spots today, man. Y'all are killing it today So we got a throwback auto So we're feeling and it's gonna be a 49 the goat flashbacks autos adam venetary nice one there for the uh, pats I don't see his too often like that. They're uh, 19 of 49 Purple power venetary.  It's a 249 ravens jaden reed and macintosh silver dalton's schultz and a 225 matt judon Other patriots goat right now cutting johnson and bryce young on the base Hey, what's up, Derek? How you doing today, sir? All right guys last box here last box here Yeah, I see why sam had a less time yesterday You can see These are a bit a bit long. I don't think we're gonna be behind after this one guys. So that's good That's good Yeah, yesterday we were sitting around right 22 minutes right now. It's a 45 minute break. Yeah There's a silver jaylen hurts fireworks and rushy rice nice one their chiefs to 175 on the hyper it's been uh, my home's favorite target all year Oh Sorry about that jason Sorry about that sir. Um, I can do it in the next one too. I'll I'll I'll do that anyway I'll do number 13 and 14 the same way if you want to grab them there I'll wait someone's got them in uh 13 Snow coming this weekend You know where it's not going to be snowing this weekend. I don't like that here in florida Yeah, I'm saying raiders are all the way sold out Sorry about that jason That'd be quicker out here. All right, keep it going here. Yeah, I'm uh, I don't I'm not a snow guy No, I'm not a snow guy. There's a silver all-purpose josh, ala And red wave is gonna beat you one bet me to 149. Oh really There you go lane I gotta get one jack retirement jersey night There's a silver traviant williams and it's a 49. We got lavar errington. There you go shite We're looking for those throwbacks. There's one Or the commanders lavar errington to 49 on these sensational six A little throwback for the redskins. There's will lavish space and byron young What night is that land? I might have to I might have to hit that game up. I'll say same It's probably I'll be working down for that. Yeah, I work all the magic games. I think they made it a I think they found my schedule There's a brice young prismatic. I think they found out what my schedule was It was a blue ice to 99. What day is that hard one quote? What day is that? Number one for penny or tmack. Oh, uh, in my opinion tmack just because I was I was watching the tmack days. He was my favorite player. There's a two of silver Tuesday josh reynolds to 225 On the lane. I'm down. I want tuesday to or nadison Told you man. They know what my schedule is for the magic though to go to that the magic never let me watch They don't want me. They don't want me watching Yeah, sam's going to the uh, falcon or the hawks when they come to town. Oh, yeah, that's right. Tell me that's dope On the hawks. There's a rookie. Um, joshan johnson on the blue ice to 99 the ramps Bushelari just in shorter Tuesday, huh? All right harper.  I don't think so And anthony richardson base. That was a double ar pack there There's a nausea harris on the camo in 25 brine branch Silver slayton and tony polter 249 I'll buy the tickets. Okay. All right harper. We got something to chase. I got you. I got you now. Now I'm going for us tonight.  That's true. That's true. There's a silver rookie jane reid And calvin really to 175 a no-conal rookie base darno washington Last pack here guys. We're gonna go on the second half right away We got just the jets and the bucks left just the jets and the bucks. That's a gold gold in the last pack bijan On the rookie portals and gold is going to be for the uh jets garret wilson Nice one there their top receiver number to 10 Very nice one there garret willy three out of 10 heaven hole and clayton tune all in the back Alrighty there friends that will do it and it will do it for the first half case number 11 pick your team stop Do a hit a quick hit recap and then we'll do number 12 The o8 big three. Yeah they uh They did have some beef. They did have some beef for a little bit Alrighty guys, let's do a hit recap here. We have um to 99 a quanko as dtr for the browns Herbie drake london to 75 zack harrison aj brown trayvon digs to 60 traylants quinnon williams derry slay Kaleel Shakir david bactiari That one is 49 gonna be kylan granson to 25 nazi to 10 garret wilson and short print snakeskin was ricky williams For the saints the element today And we had a um silver auto this one was romeo dobs packers Got jamir gibbs rookie silver nolyn smith rookie silver tyler scott tank bigsby. We had um drew bledzo for the cowboys Interesting one there to 1 49 to 75 jason seahorn to 149 jree We had silver rpa hinted hooker for the lions To 25 tanner mckay auto. We had flashbacks venetary for the pats and a lavar errington both the 49 on the autos And we had our max we had a cj stroud on the um On the throwback variation rookie. We had a gold emergent j hark And we had a blueprint e for the uh dolphin's gonna be tirey kill Alrighty there guys that will do it for the first half that was uh half case number 11 get number 12 going here in just a moment