The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER> The Trader's Edge now Steve Rhodes Good morning folks welcome to the terrific Thursday the April 4th edition of today's Trader's Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day and let's make sure we have an extraordinary one Now the easiest way to do that it's to always remember that life is happening for us not to us That's right when you and I make that one little two-by-four shift Means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out with those bowls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes. I'm here to serve you So feel free to pick up that phone I'd love to hear from you at<PHONE_NUMBER> now if you've got a question, but you can't go in We've got your back. You can send me an email send it off to Steve at tfnn.com Inside the subject heading. Please put radio show question Of course, if you're inside our Tigers den well then any in every ping will do So let's go ahead and get this show started on terrific Thursday. Of course. This is Tiger financial news network I'm Steve Rhodes. Welcome to the show right now We got a bit of a sea of green out there only one sector inside the S&P 500 training the downside. That's the health care It's off about six pennies at 143 97 Otherwise, it's a sea of green there just like in the US indices dows up 141 about four tenths six tenths for the S&P 33 eight tenths for the Nasdaq 100 144 the Russell's up 21 That's a 1% move some eyes up 33 about seven tenths one and a quarter percent for the trannies That's 192 point move gold is up 90 cents Silver's up 18 pennies like to recruit is up 23 cents That's a gas down about four pennies 30 Treasury up 11 ticks print out 1804 US dollar index pulling back. It's down below the bottom of daily profile. We'll see where it closes the day We're right now trade out at 103 77 Our leaders in the clubhouse to the upside you've got micro strategy $99 move 6% up spot $51 8% service now 20 19 bucks to an half percent Broadcom up 18 one and three tenths percent all the beauty 16 bucks nearly a 4% move there to the downside Lamb Weston Holdings up 19 bucks 20 percent 18 dollars for Deckers Outdoor about 2% 79% oof Effect or therapeutics obviously got some bad trial date or something going on there Lulu lemon down 9 bucks That's a 2% move in Domino's pizza down 8 bucks 1 and 6 tenths percent to the downside. So how do we begin our day? Let's begin our day by taking a look at really it's Thursday Let's kind of review where we're at today. What's transpired this week and maybe where it is that we're headed to Let's go start by taking a look at our daily and weekly equity future contracts Dailies are up on the top row weekly are on the bottom. So what do we know? We've got roads, but the indicator tops You really got two of them in place right now for the ES many that doesn't make it any more top It just says it up But that we know that there's clear resistance that if that fails and the true failure would be a close above The high for Monday, and that's up at the 53 33 50 level price is likely is targeting the 53 21 area That is its green oscillator and change line prices above Profile support and it is below oscillator and change line resistance. So it's trading with inside that range Well, we do know about this week so far and support is held on the daily time frame There's really three levels of support here. There's the top of the profile Then there's the bullish structured zone 50 189 and 51 67 on the pullback this week What do we know about and I'm just looking at the continuous contract here? What do we know price held support? If we look at coming off of the October lows once we got to the week that ended November 10 We have seen price remain above that green oscillator and change line the entire ride up We've seen a couple different topping patterns We've seen price pull back and test and reject that green oscillator and change line This is the whole reason that I developed this tool to begin with when is a retracement just a retracement back to support And when does it mean something else what would mean something else if price were to close below this level right now? That's printed out at 50 to 25 So at this stage here by the way the ES mini does not well the ES mini will generate a sell the d-point pattern out here If it closes lower than Monday Sundays open out there. So that number to be watching all it has to do Is close below? 53 so it got to 53 14 even Steven or lower Will then generate a sell the d-point pattern for the weekly time frame for the ES mini because that's a key reversal bar The NQ does not need a key reversal bar It already has a TD 9 count top It has a rogment to indicator top that pattern would only get negated on a weekly time frame where they close above 18 687 in a case of the daily time frame it has a rogment to indicator top 18709 is a level that price would need to close above in order to get that we can see that today's rally has run right up into that Resistance of that oscillator and change line. So it's trading below a area of resistance 18 566 or thereabouts and support 18224 we know that that rogment to indicator top has pulled price back and support has held Again the top of the profile how about the weekly in the case of the weekly what support is the support level It's held as the top of its profile price is trading just below. So in the case of the NQ We also have the Continuous contract it has broken through once Twice really the first time it broke that asset and change line was the week of January 5th very next week back above it Remember steve's got a two-bar rule out there because what hit wonders although they're great in Trading sometimes those one hit wonders will get you into nothing more than trouble out there But we can see here just a couple weeks ago back a week that ended March 15th We had a close blow it and then right back above it last week We're above it this week were below but we're still above profile resistance 18 144 so support itself on the daily and the weekly time frame for the NQ in the case of the Dow equity future contract It's trading between resistance oscillator and change on has it made it up there 39 893 and support the top of its daily profile 39 314 the weekly time frame chart will generate a Sell the d-point pattern just like the ES mini That's assuming that we get at least one tick closer than a Sunday's open So the yeah, the the Dow equity future contract needs to close below. Oh, this is the weekly chart Hold on a minute a second So all okay So all that needs to happen in order to generate a sell the d-point pattern for the weekly time frame is a close blow 39 577 39 577 is what you'd be looking for at the end of the day tomorrow if you get that Then you'd have a topping pattern on the weekly a topping pattern on the daily The same would be true for the ES mini if that gives us a key reversal bar and the case of the Russell 2000 price formed a new Profile this week. It's got a roach meant to mitigate our top that formed on Monday price made a pronto move down to support the bottom That profile at 20 81 60 So a key level of sport is held and right now price is taking on the first level of resistance Which is it's also during change on a 21 18 above that it has a sell zone that sell zone is between 21 29 and 21 38 and on a weekly time frame bar number 9 is going to complete this week as long as price closes above The close of bar number 5 that would be 2109 30 we're 21 14 right now so not sure whether we're gonna get a TD 9 count top or not there But if we do then we'd have likely tops on the weekly and tops on the daily time frame charts for the equity future contracts We've got a number of requests that have come in three from yesterday You are a for LB SNN for Muhammad SMC I for David H a panel on Sydney Then we get to BTG for Alton Avgo for David H and GDX for Jane I believe it is we're right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN Dot-com TFNN educating investors Many trading newsletters attempt to focus on a narrow set of equities or commodities While this works for some it oftentimes misses many opportunities that possess huge gain potential But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive And over that time he has honed his methodology in order to accurately call movements in a wide range of equities From semiconductors to uranium to key indices and so much more Basil is old-school taking the time to educate the trader while also giving his insights into key indices Selective stocks and more Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification All first-time subscribers receive a 30-day money-back guarantee So ignore the pop trading influencers and start learning time-tested technical analysis Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an Amazing accomplishment 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 Great 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 TFNN has launched the Tigers then 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 Tigers then available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of TFNN.com toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER> We got gold trading up 90 cents at $22.95. We're gonna go out to Philly and speak with John John Thanks for calling. Thanks for holding. How are you doing today? I'm doing very well, and I Would be remiss if I did not thank you again yesterday I asked the question Crude oil silver gold and copper or any of those Looking at your indicators Approaching tradeable highs and you were pretty thorough and answering that question. So thanks again for that You're welcome kind of as a follow-up to that Steve wanted to ask if you could address this question Specifically related to the comex gold contract the gene contract and that very specific question is this If so gold is made a high thus far 2325 that was last night Little pullback bounce right back up here today The question I've got is this if The June gold futures contract GCM for if it declines and breaks x price What lower price namely y price would that likely signal? So what I'm looking for is I know your work is pretty thorough if gold hits a level Coming off a high in your work it might give us clues that in fact the lower levels are Likely my question is what what are those price parameters, please? Absolutely, okay. Your question was very clear, and I'll be happy to get to that So we're taking a look at the June gold contract out here And I'm first going to focus on the daily time frame now expand this out The reason I'm going to focus on the daily time frame is because it has a topping signal And the topping signal is the TD nine count now We are in bar number eight now on this chart right here. I've got a couple lines I'll get rid of them first first is the a to b equals CD pattern So we have an a to b equals CD pattern that has completed I think you mentioned that or if not John you know that that it we've got she when I say it's completed folks What I mean is it's attained the one-to-one price projection level that doesn't mean it's completed And it's a sell the d-point pattern, but it has attained that level and that would then say to me John That if we were to see a bearish reversal candle then we would have a top a confirmed top the question would be your question would be Where would price pull back to so that's the first thing before I go there? We can see that bar number eight is in place out here So I'm gonna get rid of the a to b equals CD line So we're all just looking at really the arrows out there and the arrows are identifying prior TD nine count pattern So we can see that with regard to gold It's behaving pretty well to this specific pattern folks This is a pattern that's easy to understand just subscribed mastery probability If you do for 28 days, it doesn't cost you think what you're gonna learn You're gonna learn a tool that you'll use for the rest of your life So this says that we should see a top or we could see a top that forms between today and Monday Sunday Monday as a time frame the first place John where I would be looking for support if we get a top It says you should pull back to support since it's the daily time frame chart I will stick with the daily time frame and that says about 22 66 now That's the oscillator and change line that number is gonna change so you got to use that You know give it five or six bucks either way or would have you but price would likely pull back to that If price were to close below that that would then be an indication to you and I that it has lost its momentum Lost momentum where would be the next area of support at the moment the top of its profiles 22 23 So the caveat is that as long as another profile doesn't form then this would be the next price target 22 23 Below that I would be looking at 21 92 and below that I'd be looking at 21 60 And then below that it would be a 20 53 60 So those would be the levels for the daily time frame which at this stage is the only Whether it's daily weekly or monthly That's the only time frame that I actually have a topping pattern for now If the weekly would have formed some type of bearish reversal candle Then we would have a sell the deep point there But the weekly and monthly what they're telling me John is that price wants to move higher But the daily time frame is saying timeout. I may want to pull back further. Does that answer? Question. Yeah, thanks on that Just to interject you have a tool. I think you call it your advanced Doppler and that is at daily chart Are you is that Is that preliminary work? Indicating a change of tabs profile or do you not yet see such a thing? Don't see it I don't see anything. I've got nothing that has formed not even an inkling That it is forming out there, but it can come out of the blue, you know It just it forms when it forms, but I usually and I have those indicators on And and I've got nothing as we speak right now now one element to consider Why there could be a top in place out here and I've started doing this I don't I haven't updated through Wednesday about two o'clock or so But what I'm going to do is I'll pull open a set of charts out here So as you know John, I take a look at instruments and how they're trading and other currencies So knowing that we're potentially near at least a short-term top inside of gold I want to understand what was going on inside of gold priced in euros yen and pound specifically now What I have up on my screen here are the weekly time frame charts and what you will see is that the weekly time frame chart for gold priced in Euros and gold priced in pounds that would be the right-hand side of the charts They will complete TD nine count tops this week So whatever that high is and I know you also do this conversion work And so whatever that high comes out to be as we come into Friday if on Sunday You know at six o'clock we start trading above those levels out there Then it would be kind of suspect, you know, you'd like to see a top form in all of these currencies out there We don't have that now I've done some additional work on that now put this chart up here And this is a chart taking a look at those three current all four currency pairs dollar yen pound and Euro out there and it turns out or so far what I've been able to find out as a pattern is when I get three of those and And so the vertical lines identify TD nine count tops or any other top that I might have out there And if we come back to a gold back in august Of 2020 out there We had TD nine count tops who are forming in terms of dollars this weekly chart that we're looking at folks dollars Pounds and yen out there and that certainly worked. We saw everything move lower When only get two signals for tops for example Back here on december the 12th out there. It really didn't work much All price did was pulled back and tested the oscillator and changed I didn't really give us that kind of a topping signal So right now I only have two of those three but still we've got two of those three I still need to do more work on this because I haven't done the analysis for the daily time frame But I still will fall back to the TD nine count for the for the daily time frame That suggests that gold could be forming a short term top and then to add to that I've got topping signals on the weekly for golden euros and pounds Any questions any further questions? Yeah, that's all very thorough. I I thank you again Just as One thing Yes, and that is Steve when you're doing that uh gold price in currencies around the planet Yes, uh, I I would Propose to you that that it is imperative That you also do gold in chinese yuan Yeah, and and frankly The the only there's only four Frankly that I think are important and that's gold in dollars yuan yen and euros But uh, you you would be imperative just to let you know I'll have that chart for you tomorrow Hey, John, thanks for calling always good to speak to you and we'll look forward to speaking with you again That was John and Philly. We'll be right back Hi folks, this is Tom O'Brien. It's the 22nd anniversary of the gold report. Can you believe it? We've taken 22 trips around the sun together and we have many more to come This year alone the gold report has returned over 50 and I want you to come along for the ride I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities For a limited time, you can save 35 off the monthly price for as long as you subscribe 35% savings will be applied to the current monthly price and it will stay with your subscription forever With gold pushing all-time high as gold equities trading higher and inflation still raging This is a great time to try my newsletter the gold report First time subscribers get a 30 day money back guarantee. 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So why wait tune in live to tiger tv and transform your trading journey Because when you know better you invest better join us and experience the difference today tfnn educating investors This portion of the trader's edge is brought to you by directions daily leveraged and inverse etfs Whether you're a bull or a bear you choose the direction visit direction dot com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage And actively monitor their portfolio They are not designed to track the underlying index or security for more than a day Before investing carefully consider a fund's investment objective risk charges and expenses contained in the prospectus available at direction dot com Read carefully distributor four side fund services llc Welcome back up folks boy. We've got a number of requests. So we've got to get to those just to try to get through them all lb wrote in yesterday wanted to take a look at what are the next price targets for u r a That etf and it was hitting that price target yesterday and that's up at the 31 42 level That is the td9 count breakdown area for its daily time frame if you were to get too close above 31 42 Then lee that would be telling you that price is going to get back to its highs The highs i'm referring to are the highs from back in february and they're up at the price point of 32 60 So price running to resistance out there You still have a weekly roadsman dominicator top a monthly td9 count top But it's looking promising on monthly because price is trading above its new profile at 30 36 But it's early in the month. So we don't know where it's really going to end out there But your next resistance level is hit at 31 42 I don't have a topping pattern per se That doesn't mean price can't pull back and a pull back area target would be about 29 46 or there about so lee thanks so much for waiting an extra day mohab with the same to you And i know that you wanted to take a look at ticker symbol smci So smci has an a to b equal cd to the downside you can see the a to b and the c to d So this is more than a one-to-one extension out there. It is negated a td9 count bottom What you're waiting for is a bullish reversal can well turns out you got that yesterday You had that bull separation line out there. So you do have a buy the d point pattern You've got overhead resistance. You have a profile that is formed above price That's always dangerous because that tells you about overhead supply It suggests that any kind of rally that we get would only be a counter trend rally Doesn't guarantee that it's only a counter trend rally, but that's a suggestion with the profile Bottom being at 25 11. That's where we'd likely find resistance on a rally out there If I look at the weekly time frame chart, it's trading below A red oscillator and change line that suggests moving back to support mohammed and that support level would be 2367 The monthly time frame is trading below its red oscillator and change line trading into the buy zone of its monthly profile That's between 23 i'd say 22 97 and 20 Around 20 well to exactly what it is. Let me give you the number It is a 24 58 out there So even though you got the signal yesterday, you got a buy signal yesterday We've actually traded below yesterday's low. We're kind of trading at it right now That's really not the type of signal you would see if there's going to be a rally not that it can't But you'd prefer to see a trade them of yesterday's high. It hasn't done that I say it's a suspect buy the d point pattern So I hope that helps you out and you've got those lower price targets out there A david h in panama city wanted to take a look at smci So let's get that up on our screen out here and see where that is headed to SMCI if we take a look at it, what do we got? We got price trying to get back inside its daily profile and if it can do that it needs to close above at day's end 10 26 50 if it can close above 10 26 50 It offers the promise of a rally up to 10 90 It has a roadspin to indicator top. It may be getting ready to form an a to b equal cd pattern down side out there maybe I don't have a The the a the b point have formed and certainly ac point has formed with price rallying up in that oscillator and change line But we haven't seen that move to the south now To possibly suggest that the a to b equal cd pattern is going to sit up a completed td9 count pattern on the weekly Price has pulled back and tested support and it's a wide profile as long as price remains above 9 18 david You shouldn't see it move up to 11 47, but of course at 10 89 We know we have resistance out there and the monthly time frame is simply bullish So it's going to really be about the daily You'd like to see this get back inside its profiles for at least two consecutive sessions out there The longer that it doesn't do that the more it's telling us that it wants to head south So that's what I see when I take a look at SMCI Alton wanted to take a look at ticker symbol Btg his question is buy sell or hold So here's what we know. There's an a to b equal cd pattern Out here. Uh, it looks like uh formed yesterday Let's see what it did from a volume standpoint the volume for the b point was uh marks the seventh There were 9.3 million shares yesterday that was passed with 36 million shares. So you've got an a to b equal cd to the upside. So this is definitely not a sell And it most certainly is a hold Is it a buy? Well, that that becomes, you know, more of a question But i'm going to go with the hold in and not a sell control c control v Let's go see where this a to b equal cd pattern should take us to out there Not much higher than where we're at. So the one to one gets us up to about two dollars and 84 cents I'm going to suggest that it's 293 that where where price is going to run into resistance That's the top of its bullish structured weekly profile. We're above the center. We were above the center last week We're above the prior highs. That's really where price wants to go target is 293 We can see that price was yesterday closed above 18.9 count breakdown level. That was at 278 You'd love to see price closed above 278 today to close above resistance would also suggest we're headed higher As we start moving towards that 285 and higher level What you want to do is watch for a bearish reversal candle If you were to get that that would identify a gartley sell pattern short of that Price should rally further again 293 being a key level of price can close above 293 We're looking at 332 to 342 as a further rally. So elton. Thanks much for the question david h in Panama city I believe uh, let's see wanted to take a look at the avgo The question is can this get to 1438 and the high so far today is 1403 Uh, the high of a prior swing point is 1403 61. So price got up to that prior swing point By the way, this has a roadsman to indicator top It's also testing that swing point high from march 4th that swing point has 3.5 million shares You got up into it testing rejected it back here on the 21st with 7 million shares That said we were going to be back up there. Well, guess what today's the day you're back up there And now you're doing volume of 750 000 shares a little over two hours of trading that equates to what 1.5 2.25 or so and you're going into 7 million shares I'm going to say the answer to that question today is no I have go Will not get up there doesn't look like it will get up there today if that's what you're asking Price is above the top of its weekly Profile at 1332 and it's above its weekly oxidant change line It's telling us it wants to make a move up to that high That's generated that roadsman to indicator top on the weekly time frame and that's up at the level of 1438 That's what you're asking will price get up there. I don't see it happening again today on the daily It's just not giving us that signal, but over time it looks like it will accomplish that task Uh, simply because what we're looking at on the weekly time frame and the monthly time frame both of those Well, the weekly time frame is neutral the monthly time frame chart is bullish out there So I hope that helps you out with regard to that question and as always thank you so much for that request Now we get back from this break. I'll set up the charts here. We're going to take a look at gdx for uh, jane We're going to take a look sbs w for brett. We're going to take a look at by on for jimmy d dks for el Gold for mary joe. She's asking do I know which day it's going to pull back Because she wants to take profits and we take a look at 3 m for willy out there So, um, steve roge with tfn. We'll be back in just a few You spend any time online researching trading techniques on how to begin your trading journey You've no doubt come across many folks who push forex trading as a way to make big money quickly Unfortunately, there are equally as many stories of these so-called forex professionals Just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market This is what sets teddy kek stacks the tiger forex report off the riffraff Every monday former chicago mercantile exchange member and author teddy kek stat releases his tiger forex report newsletter Where he dives into the complex world of forex and takes time to actually teach you his methods that have made him So successful in the fast-paced and rewarding world of forex trading Furthermore, all subscribers receive access to archived livestreams of teddies where he provides university level education to help you in forex trading All first-time subscribers receive a 30-day money back guarantee. 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You'll find fibonacci 24 7 right under the newsletters tab For traders who crave risk directions daily leveraged and inverse ETFs provide Opportunities to magnify short-term perspectives with up to three times a daily leverage Utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets These are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing Whether you're a bull or a bear you choose the direction for up-to-date pricing and performance go to direction Dot-com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor Their portfolio They are not designed to track the underlying index or security for more than a day Before investing carefully consider a funds investment objective risk charges and expenses contained in the prospectus Available at direction dot-com read carefully distributor foresight fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz So steve trying to do something here. I probably should have shouldn't have waited as long as I did I just want to see if this tool can pop. But where did I put that tool? um Ah shoot shoot shoot. Okay. We're gonna forget that idea. All right. Let's do this here It'll maybe pop up into my head. So let's get to the requests out here First one coming in from jane and is asking is the gdx nearing a pullback What I have inside the gdx is I have an a to b equal cd pattern the b point Was on the trading day of march 13th. The volume it was 24 million shares when it was passed It was passed with 27 million shares. You've got to confirm a to b equal cd The one one price projection gets us up towards 33 75 the retracement was less than a point six or eight retracement Usually when you do that an a to b equal cd pattern will overshoot the one to one and do maybe one to 1.272 Are we getting near? Yes, we might be getting near and the only reason we're getting near is maybe because of gold Potentially topping out there, but the gdx. I don't see that pattern, but the two are well correlated On the weekly time frame chart, uh, it's in rally mode No a to b equal cd pattern just simply a straight up mover in bar number five What it wants to do because it's trading above all resistance is target 35 81 That's would be the next resistance. So I said trading above all resistance Um, what i'm referring to it's trading above the top of its profile Which was a bare structured profile and a screen on certain change line monthly chart is also bullish So the daily time frame the only signal is an a to b equal cd pattern It has not gotten up to complete that level I would say jane watch price as it gets up towards that You know 30 and you can figure out the a to b equal cd yourself 30 30 just called about 33 70 or there abouts and if you see a bearish reversal candle Then you know you would have a sell the d-point patterns That's what I see when I take a look at the gdx Brent in uh, martinis california wants to take a look at sbs w Brent is long sbs w and it looks pretty good to me. It looks like your next battle Brent Is going to be at between 5 55 and 5 65. So this has an a to b equal cd pattern That let's draw that in here. We'll draw in the a to b a To b and then i'm just going to try to copy and paste that little bugger and then move that over There we go So you're already past the one to one level although this might not really be an a to b equal cd pattern That could be more than a point seven eight six retracement I don't know but you would know that if it is and I wouldn't really pay attention to it If it's about a point seven eight six retracement Then I would just be I'll look out for a bearish reversal candle If it's beyond that point seven eight six that pattern kind of for me steamy tosses that out But the next price target's upstairs the week the weekly time frame has the top of its profile 555 the daily TD 9 cal breakdown area at 5 65 Now if price is going to get up there on a monthly basis price has to clear that oscillator and change line It hasn't cleared the oscillator and change line for The last time it cleared that was back in february of 2022. So it's been a few years That would say a close above that that being Five dollars and 32 cents would be a real bullish outcome for you Brent So thanks so much for the request and have a terrific thursday jimmy d inside the tiger's den He'd like to take like a tiger so that wasn't it by on I'll get it up here for you in a moment jimmy And his question is is this just a one day sell-off and stevie would have to say Looks like it's going to sell off a little bit more So where are levels of support that is tessie? Well, it's cleared the daily levels of support It did that yesterday now you got two days below it the daily time frame is suggestion to pull back to 2646 That's the TD 9 cal breakout level But before price can get down there the weekly is trela is dealing with potential support areas Areas because there's a brand new profile that formed this week And jimmy, I don't know what it's going to be the close is going to be tomorrow, but if price holds 31 93 That's it's but that's a bottom of its bullish structured weekly profile well You won't get a td9 account top this week. You have bar number nine that's forming But that means price has to close them a bar number five So you need some major rally that takes place tomorrow. So that's probably not likely You're not going to get that type of a topping pattern. Maybe there's a sell the d-point out there It doesn't even look like well, let's I know it into my eyes could Mislead myself. Let's just see if we do have that out here. Give me a moment Well, we do Okay, so you've got to bearish your golfing candle right now So you have to watch so the levels of support here So that's got to sell the d-point pattern right now still watch that 31 93 level tomorrow your price closed below that it's 30 96 And I'd say 30 96 is a real key area because if price closed below that that's what's going to bring your 26 46 level into play Just 26 46 is just a marker right now The other work that has to be done is it's got to get through these resists or the support levels On the weekly time frame And it's only the daily and the weekly that are really providing us with a ton of information out there This will be day number five to the downside out here We've seen six days to the downside most recently So it looks like even got another day from that perspective And then you should end up with some type of at least a counter trend bounce out there that maybe last for a day or two So jimmy, thanks much for that request. I hope that provided you with the information You were looking for electric light orchestra would like to take a look at ticker symbol dks when I take a look at dks This has a confirmed roadsman to indicator top It did that when price gap down on tuesday out here Price is now trading with inside a bowler structure daily profile So yellow you've got support in a zone the zone is between 20504 and 209 51 You've got a do you have it? Let me see here the high of bar Of that is 224 72 the close is 224 86 you do not have a well take that back You're likely going to get a sell the d-point top inside of dks on the weekly time frame So roadsman to indicator top of the daily sell the d-point on the weekly nothing yet on the monthly time frame You need to watch the buy zone out there. That's between 20504 and 209 51 if you close below 205 04 you're likely going to close the gap or at least head back to 193 76 or thereabouts that's that weekly oscillator and change line Will he wanted to take a look at 3m out here? Let's take a look at the 3m church in the case of 3m What do we got? What did you want to know how high will it go? Well 95 66, which is likely the high of the day might be it 95 66 is the top of its daily profile that formed this morning and it got up to a high of 95 67 So right now you do not have any kind of bottoming pattern on the daily time frame You do have a key level of support that held that's its breakout era at 91 57 And so far all you've had is a little bit of a counter trend move up into the top of that profile 95 66 You asked how high will go? That's it Now if price were to close above that I don't have any control over this But if price did close above that then you I would say the answer would be 99 40 The weekly time frame price is also pulled back to a breakout level at the 87 78 area You're consolidating inside the monthly profile. So at this stage here dot until 95 66 gets cleared Would this suggest that it wants to do something else out there? And then lastly we've got mary who wrote in mary joe wrote in and she said Is gold she heard yesterday that gold was nearing to pull back I'm going to assume that your question came in before Z mr. Z john in philly and I were talking about gold And so yeah, we you're asking specifically what day if I was going to guess what's day It's not going to be today out there Because today is only bar number eight with regard to a goldilocks. I don't have time to pull up those charts right now It already closes them The only thing I and you want to take profits and that's cool. I get that do that take your beach ball Longer term longer term. So I don't know where you got in and what you're trying to do there Longer term. I'm coming from the position that gold's headed higher when we come back to this break We're going to take a look at the u.s. Dollar index And what you need to kind of watch there to perhaps assist with that trade steve roads with tfm will be right back Hi folks, this is tom o'brien. It's the 22nd anniversary of the gold report. Can you believe it? We've taken 22 trips around the sun together and we have many more to come This year alone the gold report has returned over 50 and I want you to come along for the ride I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities For a limited time, you can save 35 off the monthly price for as long as you subscribe 35 savings will be applied to the current monthly price and it will stay with your subscription forever With gold pushing all time high as gold equities trading higher and inflation still raging This is a great time to try my newsletter the gold report First time to describe is get a 30 day money back guarantee. So you have nothing to risk Just enter promo code 22 years at checkout and you'll see the 35 savings applied to your subscription price And this deal will stay with your subscription for as long as you subscribe Don't forget. 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We're so confident in the value We provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors Folks we're gonna take another run at gold But really by way of taking like what's going on in the euro out here. So We've seen a nice rally inside of the euro that was we saw that coming We saw that coming because of the td nankow bottom that formed on tuesday as price was pulling back to its breakout level at 1.07 area As far as where would price take it to price would take us to the 108 area if we take a look at the weekly time frame chart We've got that weekly oscillator and change sign and we're trading on it right now We're trading just slightly above it But basically we're back to resistance if in fact the dollar is going to start turning up It's going to primarily be because the euro is getting ready to turn down and the euro is up at a significant level Now if price closes above this weekly oscillator and change line that number to be exact right now is 1.08 Six we can take a look at this again tomorrow out there Then that would suggest that the euro is going to rally further with a price objective of 1.094 That would say the u.s. Dollar index is going to pull back further Now let's go switch our screens out here and the screen we're going to switch to is going to show us the current correlation Between gold and the u.s. Dollar. We're taking a look at a daily time frame I've got this over a five day period. So that's an average over five day period When bars are at the bottom it tells about an inverse relationship when they're up top It tells us about a directional correlation dollar higher gold higher dollar lower gold lower That would be the directional correlation We can see that since the middle of march we're starting to get more bars above zeros more of a directional correlation But longer term. I don't know if we've totally broken out of that of the concept of Of the dollar still may be impacting the direction of gold was really what I wanted to say So now we take like what's the dollar doing dollar doesn't have a topping pattern out here I do not have a top In place, but I didn't I don't need a top I've got a new profile that has formed and that new profile has supported 103.85 now I won't get confirmation on this profile until tomorrow, but a price closed above 103.85 today Key level of support will hold and that could say that the dollar is getting ready to resume its rally And if it does that that adds the idea Mary joe that gold might pull back further But longer term. I want to be really clear on this longer term Gold is headed higher Folks stay tuned for all the great programming. Thanks for joining me on terrific thursday Please have a great day and I'll look forward to seeing you on fabulous friday. Take care. Be safe out there


Hello and welcome to NewsClick. Today we are here with Prof. C.P. Chandrasekhar to look into the Punjab National Bank issue. By now everybody knows the details of the fraud that has taken place in PNB of 11,000 crores. But what the news or the news analysis is not going into is what is the reason for this crisis. Some people say that it is the technical problem of integrating Swift to the core banking system. Other people say it's a problem of internal checks and balances or the problems of audit. But what really is the problem, let us discuss today. Hello sir. What we have is a situation in which a group of companies, led of course by Nirav Modi and Choksi, are in a position to be able to get letters of undertaking which allows them to access credit from banks outside the country without any collateral when the requirement is that normally the collateral has to be complete because this is associated with purchases and imports into the country or some activity of that kind. So they get it without collateral. They get not one but they get multiple ones and they get a significantly large number of ones it appears from what one reads within a very short period of time. The third is that they not only get this but these are consistently repeated. So periodically they have sort of renewed because they are short term so that this allows short term credit to be transformed into long term credit. It obviously means that the banks to which the LOUs were being provided were willing to continue to keep offering this credit because they were the ones who were in the final analysis providing the credit abroad. So they should have been in the know that this process is going on. And of course there are what you mentioned there are the Swift transactions which is supposed to be a transaction which is layered checks and therefore it is unlikely that such a large volume of transactions would have gone unnoticed. So put all of this together and it is a bit difficult to actually say that just because there was no integration of Swift with co-banking this thing meant unnoticed for years together and therefore we had this large accumulation of what is undoubtedly a huge sum as far as the scam is concerned. According to a reply which was given in parliament to a question which was raised by one of the MPs in the Raj Sabha that if you take the annual average of frauds of the total frauds of all scheduled commercial banks in the period leading up to March 2017, four years leading up to March 2017, the average is in the range of about 14,50000, between 14,50000 and in fact 15,000 crores. So you can actually see that this one incident is equivalent to what is an annual almost what is equivalent to an annual average and that annual average itself is a significant step up. If you go back to a sort of speech with Chakravarty who was the deputy governor of the Reserve Bank gave, we actually find that in the four years ending 2012-13 which was the previous four years if you take the average it was much less, it was in the range of about you know I think 7,000, 8,000 crores or so. So what we are observing is that in recent years particularly over the last four, five years there has been a huge build up in the volume of scams in the banking system or no frauds in the banking system leading of course to different degrees of write off because we must admit this much that fraud is inevitable in banking in as much as human beings are complex but the point is a bank's role is to try and work to ensure that the number of these frauds in the volume involved is less and also to work to ensure that once detected you should be in a position to be able to recover as much as possible. As I said we can't just reduce this to a situation in which we say it's because of lack of linking because of so many points and locations and so many agents who should have had some information and so the idea that you would not be able to detect that something is odd even if you didn't think it was a fraud or that it was you know fraudulent transaction that there's something odd going on should have been visible and should have been detected particularly given the long period for which it is lasted. So what I think we need to do is to try and place this in the context of a whole change of the environment in which public sector banking is forced to function and I think we need to dissociate two components of that environment. One component of that environment comes from the changed sort of financial and economic and financial situation which comes with liberalization and the second component of it comes from the sort of the changed policy thrust of the government itself. I mean very clearly as far as the government is concerned being business friendly and by business friendly we don't mean all businesses being big business friendly which is sort of sort of concealed or you know put behind this motto of saying that we want to improve the ease of doing business. So the whole idea is if you go up in a few ranks in the ease of doing business scale however good that measure is that's considered to be a big achievement and to do that you know in a real sense you're willing to go out of your way to try and provide concessions these concessions could be land and resources provided cheap these concessions could be tax concessions and of course these could also be concessions of a kind in which you actually say that we'll reach you the credit to undertake the activities which we'd like you to undertake. So it might be infrastructural projects, it might be you know sort of prestige clients who are supposed to be champions in national champions in the world of business. I mean we can back somebody wanting to take over chorus and make it into a national battle with the Brazilian firm. We can back somebody who's seen as now emerging as one of the you know the top diamond merchants of the world and not just diamond merchant but the diamond designer who you know hobnobs with the elite has some of the best brand ambassadors possible etc. So these these are presented as these national champions who reflect where India is. If you move into a situation of that kind and you have these two components where the state is going to back these kinds of as I call them you know these sort of perceived champions and your know situation of financial liberalization in a situation of financial liberalization we know what really happened is banks were flushed with funds because of the liquidity which is injected into the system given the large inflows of capital they were under pressure to lend and the way they basically saw it is that if these were the entities which were being backed and of course I'm sure there was pressure from different sections of the state that you you know more of functioning like a public sector bank used to function in in an earlier period when it was not profitability which was the consideration what is the consideration was the degree to which you met certain social banking indicate I mean so the targets which which was set for you. So we've seen that transformation which comes not which basically means that the issue is not just ownership the issue is if the if the state which owns you has itself transformed the way in which it visualizes what should be the role of banking and wants to use it as an instrumentality for promoting big business then you create an environment in which you which banks flush with funds then decide that these you know these are these are prestige clients placing a bet on which is good because they seem to be doing well they seem to be having the back end of the state and they seem to be in areas which they claim are growing etc so we we saw two kinds of things one of course we saw that this resulted in the provision of huge loans to projects which should not have been funded so what's really happening is that instead of you know due diligence and proper appraisal of projects things like the prestige of the client the size of the loan the extent of state backing for for the client these things become more important in loan decision-making then actually looking at the the nitty gritty of course you look at it but but you know you actually are far more lenient because of the fact that that these these are the kind of entities you have so we had a set of loans large loans which went to projects which wouldn't have been funded and the result of that we are seeing now once you actually began to demand or the central bank began to demand recognition of and better recognition of non-performing assets we have this huge spike in NPAs as the rules get tighter the spike is expected to increase far more so we have in a situation in which we have this huge NPA burden and a large part of it some 70 percent 80 percent incrementally is due to these large corporate borrowers who have been backed as part of this liberalization policy and I think the other component of that is when you're in an environment of that kind then it becomes very much easier for people on the basis of of of this prestige of the fact that they've got the backing etc to get loans for things which in which are not even projects which really about funding and they're getting loans we don't even know whether the implicit or explicit specification of why this loan was being taken and the guarantee being provided was actually met was that money being used for this purpose was it being used to just set up these fancy you know stores in the most expensive real estate in all the top metropolitan cities of the world you know was it was it actually being squandered in that fashion and to a certain extent so so the whole relationship between the banking system and these prestige clients becomes very unequal in favor of the client and you know that creates this environment you know in this really the the reason why these people have that strength is is because of the support which comes from you know very levels it comes from the state possibly right from the Prime Minister's office in the case of some of them it comes of course from the top management of the banks who think that you know that this is what they should do given the state's perception and given the fact that they're public sector managers and this goes down and it goes down to you know officers who are responsible for implementing all of this and maybe some of them didn't even see any payoff they got as something which was what was responsible for them doing doing what they did it almost like getting a bonus for what you would have anyway otherwise done you know because that was the environment so the way I see it is that as I said you know fraud is not something which is avoid completely avoidable in market economy with even with public banking there would be some fraud and losses due to fraud these are operational risks you need to provide for them you try to reduce them and you try to recover as much as possible but what we actually observing is a spike in the volume of each of the frauds involved and therefore this the value of total frauds which the banking system is going to carry and I think that comes from this environment of this combination of financial liberalization plus a sort of obsession on the part of this government to identify itself as being the most reformist within inverted commerce which India has ever seen and that leads to the NPAs as you put it on one side and it leads to the possibilities of fraud of this kind and therefore I don't think this is this is going to be the last wheel here in any case already there's another one which has come up and all of them start with small sums and then the sum involved keeps increasing so I see it as systemic problem it's these are these are you know this is systemic fraud of a kind which comes from an environment with which you have a certain policy and a certain kind of aggressive state what is also reflective of this status this sort of systemic thing is the bank management's want to say that oh it's a isolated problem in a couple of branches and a few officials the finance ministry want to say that it's you know the I'm sorry the central bank wants to say that it's a failure of internal systems and scrutiny the finance ministry wants to say no it's also a failure you know Arvind Subramaniam goes and says also a failure of the regulatory authority which is the central bank so you know and so everybody actually wants to to pass the buck and say that you know this is so in you know so the easiest thing is to find a fall guy and say that oh you know these are public sector and you know as such I was already said that you know this is a case for privatization which is which is absurd I mean you know this is a case for changing of course you need to ensure that guidelines which already exist and need to be implemented of due diligence prudential regulation etc must continue but the point is we also need to see how an environment a larger neoliberal environment of this kind is is completely dangerous for a banking system and which is why I think we have to place both together the non-performing assets which is not a case of pure fraud I mean that is a case of bad decision-making coming from the fact that you're backing your backing I mean you're getting a banking sector which is backing ports roads civil aviation steel you know these you know obviously you if you go in for these kinds of projects there's likelihood that you'll have an NPS very a large NPS very high so I think that's that's the way I'd like to look at it from what you're saying I get the sense that as long as the policies of liberalization and and as long as the state is not really investing on its own this problem might continue yeah the way I'd put it is that even let's let's let's keep fraud aside for a moment but even if for example you say that I'm going to put so much money and recapitalize the banks so that whatever haircut they have required to take I'll be able to clean their books put put the balance sheet back in shape ensure the the capital adequacy norms not that we need to at all meet those basal norms there's no treaty there most international banks think twice before they get there but anyway you know it's assuming you do all this and then you have a next round you know and you have a next round of NPS beginning to come and you know then then what you're going to go for a now what the government is initially did because it thought that it had sorted the problem out between 1991 and round about 2004 5 because yet it collapsed in the in the ratio of non-performing assets to gross advances but we now know that after that they they hid behind the stressed assets definition a lot of the non performing assets which came because of the new lending associated with liberalization and that's now reason so supposing you clear this up what's the guarantee that and there is no guarantee in fact will happen you'll actually have once again an increase in in in in in in the NPA volume and I do think what the government is you know thought in this in this round they thought that they could actually sort the problem out by setting up asset reconstruction companies going in for some disinvestment of equity in public sector banks maybe use the occasion to actually reduce you know public holding below 52% by by changes in laws and you know and then go go for some disinvestment which is actually privatization and then use that money but obviously what they realized is who's going to buy all of this equity if the banks has burdened with all of these NPAs you know so then first there was all these ideas how do you take it take these NPAs out and dump it in some bad banks is the government will own and you then sell off these these are the entities but that wasn't working so they've gone for this you know this 1.2 lakh crore recapitalization exercise and the way I see it is that the way it's being presented is this is the last time you're going to do it now if you say this is the last time you're going to do it but you're not changing the policy environment which generates large NPAs the next time around what's going to happen so you basically are trying to say is that okay I'm not I'm going to get into a situation where I've wiped the books clean now please I'm going to let you go and you know disinvest and privatize yourself and then it's the private party's decision we are not we'll change the rules we won't put any you know we won't put any pressures on you you new function as you are but it's not that private banks don't fail I mean you know in 2007 8 private banks which are failing in the government and nationalize them in countries where there wasn't public banking so I I basically think that all this FDR DI and so on this old resolution authority this whole idea of trying to say that we should we should have bail ins and not bail outs is trying to create a situation where private operators will say that okay now the books are clean we can take these people over we'll have a certain degree of freedom to function the way we want because the state will change the rules and we are going to be given new ways of socializing losses including through depositors you know to say that you know anybody who you know who's actually a creditor to the bank which and depositors and subs is you know partly taking a risk and therefore has to be responsible so you say up to you know whatever one lakh or whatever it is you have deficit insurance beyond that you take a haircut too which is basically giving those would be holding the bank either the state if it continues to hold it for the private sector a way of actually socializing losses so that you're actually all of this is seems to be a way of and you know creating this environment where you can hand over public banking system to the private sector and that will give control over the nation savings to the private sector and therefore this attack which is coming saying this is all public banks and that's why we are having all this fraud and so on is is I think part of that that larger agenda and exercise finally just one more question that does it make sense for public sector banks to reorient their credit in the sense maybe do more like private sector banks into consumer credit and the kind of credit that private bank private banks do you know the way I would look at it is they they are under pressure to lend if you have and they increase in deposits which we saw and deposits you can you know can take it relative to the size of the economy to GDP and look at the deposits to GDP ratio which it just piked hugely after 2004 because there was so much capital coming into the country creating liquidity in the system and banks can't sit on liquidity you know so because they're paying depositors interest so they have to earn something so they did diversify into retail banking and from something like if I remember the figures you know maybe seven eight percent it went up to almost a quarter of total advances which is quite a lot and other than for most of it of course went for housing but if you look at the distribution of non-performing assets other than for educational loans which of course because of the job market being what it is you know we've seen we're beginning to see significant defaults it hasn't performed maybe they haven't performed badly at all in the retail market despite the fact that they were apprehensions but that's because they stopped at 25 I mean whatever 23 or 24 percent but if you actually keep on bringing in more and more people because you want to expand this so there has to be a way in which these entities should be able to buy into bonds etc of specialized financial institutions which have government and central bank backing which can finance all these capital intensive projects because we do need to finance those projects but the banks at least will be putting their monies besides lending to some to some you know investment projects would also be generating a portfolio given the large volume of deposits in which they can have a higher degree of safety with this perhaps a you know slightly better rate of interest than what they get on government securities today but even government securities is not too bad you know so given all of that I think that it's that unless you get rid of the push on the public banking system to use the liquidity it has to do things which the state things should be done it should be done to the private sector and it won't be done by the state because they believe in all their you know fiscal consolidation conservatism which is you know which is not warranted to the extent that they've gone and therefore you end up with creating this position you must be able to break the public banking system out of that give it a larger portfolio but just going more and more into retail might not be the answer because they have diversified in favor of detail maybe a little more but finally I don't think it'll have to be a situation in which they might be the port of call of these savings but when the savings actually gets allocated in terms of the risk which is taken they must be state sponsored or state owned entities as intermediaries in between who carry the risks and give a recent decent return such that the banking system which has many other you know social functions and externalities would would not be put under the stress thank you process and the shaker we hope to get back to you on this issue again


Hello, this is Hans van der Kwas senior lecturer at IHG.institut for water education. In this video, I'll show you how to use the white box tools from the processing toolbox in QGIS to delineate catchment and streams. And we'll start from scratch. So I loaded here the OpenStreetMap XYZ tiles, and we're going to delineate the Roor catchment that they use a lot as an example in my videos. And the outlet is around Vermont, and if you delineate a catchment and you know the name of the river, you need to find the outlet, and then you need to estimate the approximate area of the catchment for which you need a digital elevation model. So you need a bit of local knowledge there, where you look at the DEM. But here I'm going to download the DEM tiles using the SCIP DEM downloader plugin. Now I've installed the plugin, and I have this icon. If I click it, I can choose here the extent, and I set it to the Canvas extent. And when I click download, it will ask my credentials. So you give the username and password, and if you don't have it, you can use that link to create a new one. And when you click OK, it will start downloading. After downloading, we can close this dialogue, and we see that we have a bit more than we needed. So we're going to remove a few. Make sure you have the right ones by checking and unchecking them to see where they are. So we end up with four tiles. And now we need to mosaic these tiles into one big roster that we can use for further analysis. We'll do that by making a virtual roster. In the roster menu, go to miscellaneous build virtual roster. Then select the four DEM tiles. Make sure you don't select open street map. And here we keep the default settings. We don't need to change anything. And it will simply make a virtual mosaic. Virtual means that it will not recreate a huge file, but it will do a mosaic on the fly. And there is the result. Now we can remove the other tiles because we will work with the mosaic. The first thing I'm going to do now is to change the projection of the project to UTM because we can't work with geographic coordinate system. But we see here that the mosaic is far too big and is much larger than the area where the root catchment is. So I can use the create layer from extent tool to draw an extent on the canvas within which I think the catchment fits. So you need a bit of expert knowledge there or interpretation of the DEM. I know it's approximately here. So it uses then the coordinates and the projection of your project. And then you can export this to a polygon. I need a temporary one. And now I can check if it still fits within the DEM. And then we're going to use that. If I export DEM to a new layer, it's called a DEM subset. Change the projection to the UTM zone. And then I calculate the extent from that temporary layer with the extent and I make the pixel square to 30 meters. And now we have our subset and I can remove the mosaic. So now we are ready to use the white box tools for further processing. So the first step to delineate the catchment and streams is to fill the DEM to make it hydrologically correct and make sure that all the water flows to the outlet and it doesn't have any artifacts as depressions. But I see here that there's a fill burn tool, which means I can burn in the river network. So I can download the rivers from OpenStreetMap using the quick OSM plugin that I can install from the plugin manager. Then in the dialogue, I can say I want waterways and I want as a value river. And I want it in the extent of the polygon that we just made. And I only want the lines. When I run this query, it will download the rivers from OpenStreetMap that fit within the extent that we defined. If the internet connection is not good enough, you can increase the timeout. Here it's downloading and now parsing the lines. And there are the rivers from OpenStreetMap. Before we can proceed, we need to export this temporary scratch layer and also change the projection to the one of the project. So I'll export it as an sreshape file, call it rivers, change the projection to UTM and then click OK. And there is the result. Now we can use the fill burn tool from Whitebox to burn the rivers into the DEM subset. They need to be in the same projections. That's what we just did.  And this will make sure that the rivers are always the lowest points locally in the DEM. So we'll force the water to follow the existing rivers from OpenStreetMap in this case. There's our DEM. Correct it for the rivers. I open the watershed tool and I see it needs the D8 pointer files and input and the poor points or outlets. So let's create those. The pointer file and there are different algorithms that you can use, but I'm just going to use the D8 pointer. And the pointer file is just the flow direction which has the proper encoding for use here with Whitebox. So I call it flow direction. And in documentation you can read more about this encoding. And here we see the result. And let's query the result and see because I see these big patches and I see there that the flow direction is zero. That's not what we need if we want to delineate catchments. What it needs to do is also fill the sinks again. So after fill burn you also need to apparently fill the sinks. So I'm going to use the FillDepressionsWangLU algorithm similar to the one that we have in Saga. And you see that it will fix the flat areas by default checked. That's exactly what we need. So all the water will go to the outlet. And I call this the unfilled. I run it. That's the result. We still see our burnt river. So that's perfect. And now I can do the D8 pointer again. And I'll save that then to a new name. The pointer filled. When I query I see that these are not flat and have directions. So that's what we need. Now the other thing that we need is the outlet. I look here at watershed. So we have the D8 pointer, but we also need our port points. And we're going to define one outlet for the rural river, which is in Rue Mont. So if I take open street map, I can pan and zoom to the area where the outlet is. And there we find where the rural river gets into the most. And there's where I'm going to digitize an outlet. I create a new scratch layer because it's just now temporary. Call it outlet and it's point as a geometry in the projection of the project. I add one field with the ID, which is a whole number. And then I add the point. And just give it ID number one. And now I can use snap port points because it needs to fit with our filled elevation model. And it needs there the flow accumulation, which we don't have yet. So I'm going to calculate the flow accumulation. The D8 flow accumulation also with white box. And I can use as an input the DEM or the D8 pointer file. I use the DEM filled and keep the defaults. And then I get the D8 flow accumulation. Here we see the result and we recognize our rivers, which of course have the most accumulated water. And these higher values are then visible here in the map that has a huge range. I can use snap port points now to snap our digitized outlet to the river. You need to choose a maximum snap distance. And if you make it too big, it will snap more downstream. So let's see what it does here. I run it and there it goes too much downstream. So there also will have a part of the Mose River. That's not what I want. So I'm going to change that tolerance value. Make it a bit smaller so it snaps closer by. Because I really only want the roar. So it needs to be before where it enters the Mose. Let's run snap port points again. And now with a smaller distance let's take 100 meters. Save it under a new name. And now we see that it snapped closer by. And what it exactly does is it will snap to the closest high value of the flow accumulation to make sure that you are delineating the catchment belonging to the river. So now I can use watershed. And I use the d8 pointer file and our snapped outlet. And I can define here the output file name, which I'll call roar catchment, that I run it. And it will result in cells with only value one. And there we have our catchment. And it's exactly the shape that we would expect also from the videos on how to do this with saga or with grass tools. It's very comparable. So now we can convert the raster to vector polygons with the bitebox tool in order to have the catchment boundary as a vector polygon. And let's call it roar boundary. And there we have the result. Let's style it in such a way that we can see the boundary as a simple outline. There we have it. We still have that rivers layer from OpenStreetMap. And it would be nice to clip it. So I'm going to use here geoprocessing tools clip. Use the rivers as input and overlay layer the boundary. Save it to rural rivers. And there we get the error that we also had with the saga tools. When we go from vector to raster, we get artifacts and geometrical problems. So therefore we need to use the fixed geometries tool. So we use the boundary and we fix it here. And now with this fixed one, I can use the clipping tool without any error. And we save it under a new name. And you see now it runs without any problem. You see here that the OpenStreetMap has some gaps because not everything was classified as river but maybe as other tags. So you might want to play around with having the right parts of the river from OpenStreetMap. But another thing that you can do is use the delineated river. So we still need to do that. If you go to the white box tools, then there is a tool extract streams. And it uses the flow accumulation. We have that already. And then you need to put a threshold there of the amount of material that accumulates. So the amount of cells that accumulate from that point onward will call it the river. So let's try it first with 10,000. So only an accumulation of more than 10,000 pixels will result in a river. And it will create this ruster layer with only value one. And then you can inspect it with the background OpenStreetMap layer or with the downloaded rivers. And here we see that we have many more rivers than are on OpenStreetMap. So we need to increase the threshold a bit. It will be hard to have a perfect match because in some areas the delineation does better than in other areas. The more natural and the more relieved the better it is. So let's use here 100,000. And here we see that we have now much less streams, maybe too little. So you need to play with that. But the ones that we have here are the large ones and they have a good match with the rivers on OpenStreetMap. So that's also to confirm that the burning of the rivers really helped. And it's still in ruster format. So I can use the tool ruster to vector lines from white box tools. Save the line as a shapefile. And let's call it delineated. So we can distinguish it from the other river file. And add a style. Make it simple blue. And now we see that we have more continuous rivers based on our delineation. And we can still compare it with the rivers of OpenStreetMap to look at the differences. So this iterative process where you can use different tools of white box, you see there are alternatives for filling, of burning the rivers, and different choices that you could make here. But you see that these tools are very fast to calculate and very useful for hydrological analysis. So stay tuned for more videos on this in the near future.


Welcome to another installment of Rational Politics. I'm joined at the table today by Mitzi Nicoletti, who has come in to talk about why she wants to run as councillor-at-large. Mitzi, welcome to the table. Thank you, Nigel. I'm happy to be here and thanks for asking me. It's a pleasure having you here. Let us first, before we get into the nitty-gritty, could you explain the difference between a councillor-at-large and a councillor? Absolutely. A councillor is with different wards within the city, so it just covers a certain amount. A councillor-at-large is the entire city, which Lamont now is about 100,000. Let's talk a little bit first about your background, because you've had a very, very interesting life up until this point. So give us a little bit of a background about where you came from, why you're here in Colorado. I've been here for 20 years. I was born in Dallas, Texas. Almost all my family is still there. I went to school at North Texas State University and Texas Women's University. And I started my career working for the city of Plano, Texas in managing facilities and programs. And that actually led me to be the operation manager for the Tom Landry Sports Medicine Center and Fitness Center. And then after that, I actually went back to the public sector and worked for the city of Duncanville in Texas and managed their Convention and Visitors Bureau. I was then able to get back into the private sector and worked for the History Channel Great Race, which was a wonderful opportunity. I used to really enjoy that show. Oh, it's great. And they were wonderful to work with. And I got to work with about 30 states across the U.S., working with boards, city council, businesses, and bringing an event to the city that took negotiations, contracts, event planning. I moved to Laumont and I married Carl Nicoletti, a Colorado native. And like I said, I've been here 20 years and have really enjoyed it. So you've touched a little bit about my next question. But what qualifications do you believe you have that will help you so much in becoming a counselor at Laumont? Well, I think that's a great question. Since I've been here, I've served on various boards, committees, organizations. I was on the Art Walk Board for several years, and then I was on the Board for Sustainable Resilient Laumont. And last year I chaired the Renewable Energy Committee. And then also was instrumental in starting the Laumont Climate Community Group. So through those different organizations, I feel like it's provided me with great experience of what's going on in the community, how to serve the community. As far as success, most recently, I've worked with a team, including the mayor, that has focused on the unhoused population to be able to provide living solutions other than parks and greenways, which I think is critical. And I'm enjoying being part of that team. I've also been, I believe, instrumental in getting our air quality monitoring system here, which is managed by Dr. Detlev Helmick. And we have two stations in Laumont. I believe the community should know what's in the air they breathe 24-7. I think that's really important. I know. I look at it every day. And I also tell other people about it. I've served on the Board of Sustainable Resilient Laumont. I think I mentioned that. Yes. And when I was on the Board, one of my key roles was to help raise money so we could create programs for the entire community. That focused on equity and sustainable solutions. So those are a few things, I believe, help qualify me to serve on City Council. The air quality. Let's talk about that a little bit. I know air quality here in Colorado is typically reasonably good. Denver obviously has a lot of issues. But what about here in Laumont? What triggered actually having the monitoring stations put in place? Was there an issue with air quality at one time? Yes. And actually, we still have an issue with air quality. So one of the things that I think is kind of an unknown, you know, you talked about Denver and you've got the Suncore refinery. And there's an air monitoring system there. There have been days where the air here is worse than the air there. Oh, wow. And for one day this year, Laumont had the worst air in the United States. I am stunned and amazed. So it's a great opportunity to use the information to make corrections. But we still do have an issue, not just in Laumont, in the Front Range in general. Do you know what triggered it? The things that triggered the air quality would be cars. Yeah, obviously. Wildfires, the extraction industry, oil and gas, if regulations are not being followed. Exactly. So, you know, all those things created, and then we've got climate change. Right. So it's a combination. A combination of everything that can come into effect. Yes. I hadn't considered the fires. And of course, last year we suffered badly from that. Yes, and then I think we're seeing a little bit of that in the last four or five days. And that's coming in from California. Yes. You probably noticed you can't see the mountains. That's right. So your particulates on the air monitoring are up. Are up. Absolutely. I think I know the answer to this next question. I'm pretty sure I do. If elected, what would be your absolute priorities in what needs to get looked at, fixed? What would be your agenda? I would continue to work on the solution we're addressing for the unhoused. I think that's a critical piece that needs to be taken to completion. Yes. In an equitable, fair way. The interesting thing, I've been out canvassing, talking to people. I have found that people are really concerned we're not going to have enough water. Laumann has done an excellent job in providing us with quality of water. As the city grows and as climate change accelerates, it might be a good idea, which I would like to be a part of, to look at making sure we're prepared for the future, that we have enough resources, one being water. Right. So I'd say that is a top priority. I mean, all the water that we have basically in all of Colorado is rainfall. Exactly. And it has to be rainfall in the mountains. Well, and I think the water rights system in the way water flows all over the country is very complicated. I don't totally all understand it. Okay. Would that be another word? And we all know recently the federal government has said to seven states, one of them being in Colorado, you've got to reduce your water consumption by 15% due to what's happening with the Colorado River. Even though Colorado was one of the states that actually did a better at managing water resources, we still have to cut back. And someone, I can't remember who it was now, actually said that the city is planning for 120,000 and it would be covered okay with water because I brought up the big drought that we had and that infuriated me that drought because I'm not allowed to water my gardens but every time I saw the cemeteries being watered. Things like that really upset me because I'm sorry the amount of water they were using was ridiculous. Oh, and watering the sides of the roads. Yes. The streets. Well, and two things though the city has done is the turf removal program, which I think is great. I think it's perfect. And I've kind of heard they may expand that and then also access to restore where you can get the garden in the box. Right. Which requires less water. They're more drought tolerant. So there's many things that can be done to protect our natural resources for the future.  Exactly. So that is something I would like to be involved in and address. Makes a lot of sense. And then another thing is to continue to support local businesses. Absolutely. Because they're vital to our community. I mean, I may be wrong here, but I think that the water quality especially here in Longmont is outstanding. And when people come here to visit, they just, they can't get over how great our water tastes. That's right. Let's change the subject just a little bit. Okay. Okay, because you're wanting... Just a little. Just a little. You're wanting to become a politician.  Well, one of my core beliefs is that truth matters. It's like at my foundation. So in this country, we have got to have truth for democracy to survive. Mitzi, is there anything that you would like to actually say about why someone should vote for you? Sure. Do it. I've got humor. That's true. I feel like I would be an asset to the council because I'd bring to it my ability to pull together different groups and people of different backgrounds to work together. That's probably my biggest strength. And also the ability to de-escalate situations if needed. And then at the same time, be able to compromise in situations if that's what it calls for. Right. Because sometimes we've got to compromise. And then lastly, one of my pet peeves is take a project from start to finish. Complete it. So those are the different things I believe. That's why people should vote for me. And I'm a good listener. And I also like to look at the other side. Right. Why someone feels this way. You have to look at both sides of the argument. You really do. It's no good just looking at one side. You have to look everywhere. Get as much information as you can. Absolutely. And utilize resources that already exist. Right. In conversations. Right. And of course with your background that we talked about, I mean traveling all over the country, working with towns, et cetera, for filming. You are very used to dealing with people. Yes. And one of the things I discovered when I used to travel a lot with work, what we see on the news about America is not what I experienced. Right. I mean people are very generous. We have more in common than we don't. And it was just a great experience. Working with different communities from the East Coast to the West Coast. When it gets down to it, everybody in this world has the same fears, the same worries, the same everything. As Red Green used to say, we're all in this together. We are. We're on the same planet. Absolutely. You've got to make it work. Absolutely. Mitzi, thank you so much for coming in today to have this little chat. I wish you all the best. And I hope to see your name in the local paper sometime in the very near future, councillor at large. Thank you, Nigel. Thank you once again for joining us. I'm Nigel Aves, your host. This was another Rational Politics coming to you from the Captain's Lounge. Thank you and goodbye.


Hi and welcome to the session. I'm Kanika and I'm going to help you to solve the following question. The question says find angles between the lines 2, 3, x plus y is equal to 1 and x plus 2, 3, y is equal to 1. Before solving this question, we should know that a Q angle say theta between lines L1 and L2 having slopes M1 and M2 is given by tan theta is equal to mod of M2 minus M1 upon 1 plus M1 into M2. And the obtuse angle between these two lines can be found out by using 180 degree minus theta. Now begin with the solution. First equation of line is 2, 3, x plus y is equal to 1. Now this implies y is equal to minus root 3, x plus 1. On comparing this equation with y is equal to Mx plus C, we find that its slope is minus root 3. Let's name the slope of this equation by M1. So M1 is equal to minus root 3. Now the second equation of line given to us is x plus root 3 y is equal to 1. Now this implies root 3 y is equal to minus x plus 1. This implies y is equal to minus 1 by root 3 into x plus 1 by root 3. And comparing this equation with y is equal to Mx plus C, we find that slope of this line is minus 1 by root 3. Let's denote the slope of this line by M2. So M2 is equal to minus 1 by root 3. Now we will find the angle theta between these two lines. We know that tan theta is equal to M2 minus M1 upon 1 plus M1 into M2. Now substitute the value of M1 M2 in this formula. Substituting the values we get minus 1 by root 3 minus minus root 3 upon 1 plus minus root 3 into minus 1 by root 3. Now this is equal to minus 1 by root 3 plus root 3 upon 1 plus 1. This is equal to minus 1 plus 3 by root 3 upon 2. This is equal to 2 upon root 3 by 2. And this is equal to mod of 1 by root 3 and this is equal to 1 by root 3. So tan theta is equal to 1 by root 3 and this implies the acute angle theta is equal to 30 degree. Now obtuse angle will be equal to 180 degree minus theta. So this is equal to 180 degree minus 30 degree and this is equal to 150 degree. Hence the required angles between the two given lines are 30 degree and 150 degree. This is our required answer. So this completes the session. Bye and take care.


It's a rivalry that dates all the way back to 1997. BSU and Air Force Men's Hockey haven't played since 2010, but have faced off a total of 35 times. Also brings together brothers as coaches, a son and three former Bemidji Lumberjacks all in the same weekend. Could he ask for a better storyline going into the series? Game one tonight at the Sanford Center, Matt Saratorian, the blue 12. And look at this start to the game. Saratorian front of the net and scores. What a homecoming for the Bemidji grad. I think it's another eight plus chance later off a turnover. Michael Bitzer, my goodness, keeps it out with the skate. What a save. And BSU gets on the board. Second period, Adam Brady, the rest are in traffic. His second of the year ties it at one. The more in the third, Beaver power play, Kyle Baum. And one-timer, absolute blast. Beats the keeper to take the lead. Then check out Miles Fitzgerald Lair. Powers his way to the net. Little dangle goes five hole for the dagger. Beaver's take the opening for one game two tomorrow night, just after 7 PM. If you've enjoyed this segment of Lakeland News, please consider making a tax deductible contribution to Lakeland Public Television.


Rules of etiquette in four Latin American countries If you want to be a TEFL teacher around the world, it is important to make sure you are as well prepared as you can possibly be before entering a classroom. It is equally important to have a good understanding of the country and culture you are hoping to make your home while you are teaching. The countries of Latin America are an increasingly popular destination for newly qualified TEFL teachers. While they are generally more relaxed when it comes to formal rules of etiquette than other regions of the world there are, as with any country, particular social norms that any visitor should make the effort to understand. It's better late than never in Chile. Bargaining is not expected in shops or markets. Punching your left palm with your right fist is an obscene gesture. Gifts should be opened when they are received. Being late for social events is usual and you should try to arrive 15 to 30 minutes late. Maintaining eye contact and conversation is important. Chileans stand quite close when talking with you. Avoid discussing politics or human rights issues. Costa Ricans Appreciate a Gift Punctuality is important to Costa Ricans and you are expected to be on time for appointments. When invited to a person's house, it is appropriate to bring a gift of flowers, chocolate or alcohol. You should avoid putting your feet upon any furniture that is not expressly designed for that purpose. Handshakes are the common way of greeting each other. It is fine to talk about politics in Costa Rica but you should avoid discussing religion. Don't forget to smile in Colombia Although Colombians are generally relaxed about punctuality, as a foreigner you will be expected to be on time. Shake hands when meeting people and remember to smile.  Be prepared to take some time over greetings as it is considered a sign of respect. Get ready for a big hug in Brazil. Using the ok hand signal is considered very rude and should be avoided. Punctuality is not important in Brazil and you should be prepared to wait for people to arrive late. Personal subjects such as salary, job etc should be avoided in conversation. Shake hands with people if you meet and maintain eye contact. Friends will often hug each other on meeting. Be prepared to take time greeting and bidding farewell to people. Being a person's title is not important and first names are often used. Do you want to start teaching English in Latin America? Speak with an ITTT advisor today to put together your personal plan for teaching English abroad. Send us an email or call us tollfree at 1-800-490-0531 to speak with an ITTT advisor today.


Spotify releases open AI-powered DJ. A computerized song spinner with a stunningly realistic voice that cues up music based on your musical preferences and listening history is now a feature of Spotify's app. Starting on Wednesday, English-speaking Spotify premium subscribers in the US and Canada will be able to access the DJ beta version.