GoldFix (private feed for gemselle@yahoo.fr)
Technology
Housekeeping: Good Morning. Transcript tabbed.
*** Silver CTAs begin to buy, China relief, RRR described **
Contents
* Yesterday’s Activity
* Today’s Prices
* Today’s Data
* Markets/Metals Commentary
* Attached- Goldman on Trump’s Election chances
Markets Covered:
Metals, Energy, Crypto, Bonds, Stocks
Yesterday’s Activity:
Stock Meltup
* Commodities- stronger. base metals lead, ,precious followed. Perhaps china rumors
* US equities- advanced slightly on Tuesday, big cap over small cap, The Nasdaq gained | earnings digesting
* Bonds- slightly weaker- noise
* DX- volatile on JPY and China policy events
h/t DataTrek
Quick Look:
Equities soar post-PBoC RRR cuts, NFLX +9.7% pre-market, Dollar weaker & GBP bid post-PMI; US PMI due- NS
Weaker dollar vs Yen and Euro. Base metals rally day 2. Precious metals rally. Silver leads again. Muted moves vs dollar weaker, pronounced vs stronger dx… changes in the making maybe. Oil chop. BTC bounce. Stocks slightly firmer. Bonds nowhere
Positions: short (small) gold initiated 2 weeks ago, long (medium) silver from 2 days ago. Short volatility in both
Week’s Data:
Earnings, LEI, PMI, PCE, and GDP
* MONDAY, JAN. 22 10:00 am LEI
* TUESDAY, JAN. 23 None scheduled
* WEDNESDAY, JAN. 24 9:45 am PMI
* THURSDAY, JAN. 25 8:30 am Q4 GDP
* FRIDAY, JAN. 26 8:30 PCE
Total Calendar
News:
NOTABLE HEADLINES
* PBoC Governor says will use various policy tools to keep liquidity reasonably ample, will improve credit structure, and step up support for private firms and small firms; Will keep CNY exchange rate basically stable.
* PBoC says it will cut its RRR by 0.5ppts from Feb 5th and will continue to use liquidity injection tools; PBoC Governor says RRR levels are still relatively high; RRR cut is to release CNY 1tln into the economy
GEOPOLITICS
A one-month Gaza truce is the focus of intensive mediation efforts by Qatar, US and Egypt
North Korea fired multiple cruise missiles into the Yellow Sea
Reports of imminent agreement with Hamas on detainees are untrue
some headlines via NewSquawk
Markets/Metals Commentary:
* Chart walkthrough
* Gold-
* Silver-
* Crypto-
* Oil-
* Stocks-
***SPECIAL: Institutional Gold Trade Breakdown. (The Reset Already Started)
Miners are Too Cheap for $2035 Gold- Market Rundown
Sunday Discussion: Bull Channel Versus the Long Wick
***The Gold Buyer is Back, Silver Charts- Market Rundown
Why GLD (and the BTC ETF) Exist: Market Rundown
Bitcoin ETF: What's Different, What's The Same
Market Rundown: Fiat Kabuki Theater
MasterClass: How Bullion Bank Desks Actually Make Money
**Special: Why BRICS Gold & Silver Launch is October 2024
Market Rundown: Gold's Very Important Day
Gundlach on Tucker: "Social Security will partially default"
Market Rundown: The January Effect in Gold
Market Rundown: Nervous Markets
Masterclass: BOA's Report CTA Walkthrough (with transcript)
Market Rundown: Why Silver Keeps Getting Punished.
Market Rundown- The Big Wick
Market Rundown- Gold Stop Hunt On Deck
Market Rundown- Triple Tops
Sunday Discussion: Overbought, Not Overdone
Ep. 43 Tucker Carlson- Late Edition (with transcript)
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