Jump over to talk to our man Teddy Kegstad who writes the tiger 4x report folks You can check out Teddy's great work on the tiger 4x report. He puts out weekly issues every week He talks about the 4x market. He ties in bonds, of course yields He ties in commodities in there as well You can get all of our newsletters under the newsletter tab there You will see the tiger 4x report you can sign up for $97 The other thing I encourage you to check out is he just did an outstanding candlestick webinar That's a standalone product. He talked a lot a lot of great strategies in there You can check that one out under the services tab, but let's get right into it. Teddy Kegstad. Good morning. Good morning Tommy I hope you guys are doing well down there. Thanks so much. We are man We're fortunate where we are especially in Florida. The offices are open in St. Pete We got about 20 to 30 mile an hour wind steady. So it's not nothing, you know, you're aware something's going on We got some rain, but thankfully dodge the most of it and hopefully everybody stays safe a little bit further north than us Because some visuals out there some flooding and whatnot, but thankfully we're doing okay Great day to have you on man. Where do you want to kick it off? Boy? We got some action in yields We got some economic data. We get some action in the dollar. What are you looking at in this market? Teddy? Where do you want to kick things off this morning? Well, I have three things. I want to cover today One are the economic releases over the next two days Two is a breakdown of the FX pairs and also three. I have two predictions. They're gonna light up your chat room So what do you like about first? I like it Let's say you I like the order you marched them through if you don't mind Let's let's talk about some of that economic data. Yeah, okay So we know we're heading into holiday markets So tomorrow you got to look out for the German retail sales and the unemployment number that could have a little stir up for the euro Plus you also have EU unemployment that will also amplify those two numbers So that's big for the euro US dollar and also probably a little bit for the pound as well Then we have US jobless claims tomorrow that could probably be not really too much to worry about unless it comes really out Of whack on Friday. We have obviously US unemployment So those are the numbers that could impact the dollar obviously and the euro and also the pound and maybe a little bit of the Swiss So those are over the next two days something to look at Especially because by Friday after young employment I would say just go and start your vacation because like you mentioned people is the last week of the summer across the board So now I'm gonna give you a breakdown of the of the markets It's the dollar index right now is leaning on our one oh three oh two to one oh two sixty four short-term downside correction zone So I see that you the dollar index still to be under pressure over the next 24 to 48 hours Crude oil fell just short of our 76 85 sell-off objective the other day now. We're looking for a sideways to hire trade We could go either way obviously in the short and long term, but right now. I'm looking for sideways to hire I wish it was lower. I wish I had better news for you 30 or poking near our critical long-term directional pivot level at 121 21 We have an upside target zone of around 120 304 to 120 301 in that little area right there So I see that yields could still come back a little bit more over the next couple of sessions in the next week Overall trend obviously is a bear, but right now. We're kind of in a short-term hire to neutral trade Let's get to the euro US dollar pressing the one on that other dollar oh nine thirty one upside breakout level And I think that overall we could get up to our one ten twenty nine upside target That's in the short run, especially if the numbers don't come out of whack too much British pound also on a nice little bounce. We have the upside target around 12875 the 120 930 I think that's about all you're gonna see Let's see what happens after the holiday and the reactions Especially with the numbers that come out over the next two days US dollar swish is eyeballing our 108 not excuse me or 86 91 downside breakout level I No matter what this market as I've been saying all year is an overall bear Even if the dollar does start to retreat don't are exceeding even if the dollar does get strong again Don't expect much out of the US dollar Swiss trade US dollar JPY. This might help with the gold scenario We locked in it's looking a little toppy right now in the short term if the US dollar continues to slip Then I think the 145 14509 directional pivot level is in play That's kind of a big area for the yen Especially if we can sustain a trade below that area that puts us really at a 142 17 the 14103 Support band where I think you could get a correction down to at least if the dollar is only in a short-term Pullback that would be it. I think a good target zone that would also help the gold markets Australian dollar has a nice bounce going on overall a big bear, but right now it's in a nice profit-taking bounce I think the the sell signal we had the other day was obviously negated today in the tiger report for those that get the Newsletter and I think right now we're looking at an area of 66 27 to 66 92 is the top for the upside correction I don't think you're going to get much beyond that just because Australia's Economy fundamentally is in the gutter then we have the New Zealand dollar which is pierced the upside breakout level and that's targeting around the 6086 to 61 60 area Also, I think that's about the extreme that you'll see for a pullback profit-taking move US dollar Canada That just fell short of our upside target level the other day at 136 51 Bears correction could accelerate if we tick below the 134 97 downside breakout level That's a key area remembered the US dollar candidates had a very strong upward slope So for it to pull back to that area is very very likely and not something that's out of the you know It's not like something that's off of the charts the correction zone is that is pretty much excuse me the 133 92 to 133 43 downside correction area is the extended sell-off objective for that market Okay, so that's what I think about the FX pairs and the things to look out for the next two days once again by Friday morning after Unemployment go on vacation now comes the two predictions. I have they're gonna blow your mind Right go CP CP I will be at least 25 percent higher over the next 15 to 18 months The CRB index will be 40 percent higher over the next 15 to 18 months. Let's talk about it. That's So where do you get those numbers from man, those are lofty numbers when we're talking about potentially turning the corner here for inflation You just see in persistence there or we've seen anything dramatically when you talk about CPI to that degree Where where are you getting that kind of analysis? Well, I think that as global slowdown I predict that global slowdown is going to be Collapsing over the next definitely six to 18 months if that prediction is right that's going to mean we're gonna have more supply chain issues We're also going to have a lot of issues in the agricultural industry, which is under attack A globally right now and if that continues if we don't have a turn where people start to say no to what governments are doing to the Farmers and all the other people that produce commodities around the world It's a no-brainer that you're going to have a real really large jump in inflationary pricing and food oil Metals all of those things so that also helps gold in the big in a big way because if gold is a hedge against inflation If we do have the CRB accelerate in a big way you can see gold up 50 percent over the next 15 or excuse me excuse me 12 to 18 months Yeah, it's we're all getting a quick lesson man and not a quick lesson We're all getting a lesson in terms of the type of volatility and you know you mentioned gold Of course, we've been talking about my dad's got a gold report webinar So I'm a little biased of course as he is But it is remarkable when you put that gold even on a much longer term chart They to consider that we were at you know, 90 We're at like almost where we're trading that right now in the year 2011 in gold now you made it down to 1,100 bucks before you talk about volatility And maybe it's just time to see some higher prices with the type of inflation that we have in terms of stores of value Well, Teddy, I appreciate the time as always I know you got a little vacation just like everybody maybe in the Northeast as we near the end of the summer But I appreciate you coming on enlightening us as always man I have a great week Have a great Labor Day weekend and I look forward to talking to you next week man as always and yeah Are you you're covering my program next week actually this Wednesday? I will be next Wednesday correct folks tune in you heard the education Teddy's gonna be covering the program next week I really appreciate that as I'm out for the day and we look forward to it man So we'll talk to you next week Teddy. Thanks Tommy. Take care. Thanks so much. Have a great one