***TRANSCRIPT***
Good morning. It’s Tuesday, August 15th, about 6 a.m. Central Time. Look at the precious metals overnight. They’re weaker. We got gold down $9.19 35. Silver down $0.25, 20 to 45. That’s down about 2% right now. You got copper down $0.06, 3.65. That’s down 1.75%. And platinum down 12 at 895. So significant pressure in the overnight session here. It was really this disappointing economic data out of China. There they did do a surprise rate cut. They cut 15 basis points to 2.5%. Their industrial production, I think that’s what’s really weighing in on copper and also on silver right now. It really missed the estimates. So that was one big part of the news. And then we saw the equity markets. They got a big sell off as well. Fitch warned that it may be forced to downgrade about a dozen banks. So it was everything from Jp morgan, Bank of America, Citigroup, Wells Fargo, they’re all down in the premarket. So I’ll give you some numbers to watch here. And this is where I wouldn’t necessarily add to any of the models if you’ve already got the exposure on the market until we capture some of these key reverse points. So these are the critical numbers that I’m watching, 1987, that’s on goal. We break above. There it goes, neutral trend. Then it starts attacking 2000 goals, bull trend and silver 2417. So it’s a bit of a light year away here at these price levels. You got to get above. There you go. Neutral trend, platinum 953 and copper 390 So those are the levels the ones to really add to are the copper market and also the crude oil market and any kind of weakness because those are going to be the first ones that recover. So if you got any questions, give me a call. 312858733. Remember, futures option trading involves risk loss may not be suitable to investors.