back to the grind
market vibes
January 2, 2026
"Those who are easily shocked should be shocked more often.” Mae West
Shocking elegance is almost ordinary as, true to form, the President poses an icoinic question at Mar a Lago on New year’s Eve, “Got silver?” Shocking reports of fraud in Minnesota in 2025 are not so shocking, considering everything else last year. Letitia James swore in Mamdani and his shocking $4 Tr shopping list yesterday: “I will not abandon my principles for fear of being radical!” Lol, ya think?
AOC, Bernie, capital flight and a C-minus rating dead ahead. Israel is in. Zionism is out (or is it the other way around??). At any rate… Palestine is back, bigly. Buy up all the triple- tax-frees in sight.
In lighter fare, two minutes of Rickey gervais’ 2022 Netflix special “SuperNature,” popped in to my X feed this weekend. What I found shocking about this clip was it was …almost 4 years ago!
In the markets
Silver’s vertical rip into the unknown shows no sign of failure in monthly data. Technically, December’s volume was the 3rd highest in history despite a severe shortage of futures on the Comex, indicating global volumes are almost certainly at a global record. My 45-month slow stochastic has been locked above 90 for the entire 4th quarter, indicating unabated buying pressure is still in force. ADX is at 51.28 (not extreme) after making an all-time low in January 2024 and accelerating up, indicating the market is getting stronger (no duh). The DMI uptrends in Q4 will probably keep the trend indicators positive for the next 2 quarters, at least, if not the entire year.
Two fundamental shifts were notable at year end. Let’s get into it.
