evening wrap, february 3
maket vibes
“If you watch the pence the pounds take care of themselves.” Lord Chesterfield 1747
Bill and HRC are negotiating an Epstein hearing before the House Oversight Committee on February 26 (HRC) and February 27 (President Clinton). They want a public hearing. Comer says, “Once we’re done with you, you can have any kind of hearing you want.” Melinda Gates is not standing by her man. Maybe the two Bills can room together like Diddy and SBF.
I asked Grok for more information about the new Epstein files. Grok said, “No… The reasons I haven’t processed the full raw 3+ million pages directly is the files are an unstructured dump with redactions/duplicates, and I rely on real-time tools to pull reliable summaries/excerpts from journalists and [human] sources actively reviewing them (rather than an exhaustive personal ingestion of the entire trove.) hmmm…
So I said to Grok, “Look: I don’t want to get into an ‘Open the pod bay doors, HAL—I’m sorry Dave I can’t do that’ argument with you…” and Grok courteously provided me with this: “The Epstein Library portal is at https://www.justice.gov/epstein. The main disclosures page organizes materials into Data Sets 1–12, each with expandable ‘View files’ sections for downloads (likely ZIPs containing PDFs, images, videos, and documents).” This is the dump… JIC you feel adventurous.
In other news, the shutdown ended a few hours ago. ADP tomorrow.
in the markets
Gold opened on the low of the February 3 session in Asia and rallied $328.00 from a low of $4,690 to a high of $5,018. We now have a 1-bar DMI false positive firmly in force. I don’t think $5,000 is a safe entry price yet but in time it might be. More on that in the vibe.
Light volume today implies deceleration and coming balance, imo.
In silver, I saw a post that said SLV created 30 million new shares on Monday meaning the massive seller of SLV last Friday had on tap at least 30M toz ready to create shares. Cost to borrow SLV was <50 bps., dirt cheap. The numbers are saying the seller(s) have silver.
