evening wrap

market vibes

January 7…)

Greenland “is not for sale”, says Danish PM, Mette Frederiksen.

Trading in NY was a featureless mixed bag today. Gold traded either side of its 30 day POC at $2660. Silver was slightly higher. Copper unchanged. The Yen made a new contract low. The dollar was marginally higher against all its major pairs. Actually in FX, keep it simple. Whatever the dollar does, everything else goes the other way… everything.

Bitcoin fizzled, down 5k. I made some notes on the chart you might want to watch, especially the gap. A great spot to take a shot at a BTFD.

The rbob front spread crashed because… you know… oil is so bullish. The spot rbob crack got waxed as well. Heat cracks did nothing. WTI rallied. Products were unchanged.

Up next, natty, bonds and stocks plus the vibe.