planking
market vibes
November 17…)
“Sheep are ungovernable when hungry.” John Muir
In the news
Another pump and dump comes full circle for the umpteenth time as Russia resumed exports from the Novorossiysk hub. Meanwhile in Europe.
In finance, MS sees an S&P 16% Santa rally. The Fear and Greed Index is in the red zone again as S&Ps are 2% from a new all-time high. SoftBank and Peter Thiel liquidated 100% of Nvidia holdings last week. The BLS is slated to report September NFP on Friday, November 20.
Rumors… that Zelenskyy is buying up discount Florida mansions are making the rounds again. Last month the erstwhile TV comedian was said by some to be buying a million acres in Wyoming. You know what they say about smoke and fire.
PBS aired the first installment of Ken Burns’ 6-part, 12-hour history of the American Revolution. History at its finest. Do not miss it. If you did, part one is being replayed at 6:00 PM EST prior to part two at 8:00.
Trump: “I’m not controversial so I like it that way.” Lol…Dry humor mocks those who don’t get it.
In the markets
A quiet weekend and quiet beginning to a pre-holiday week. A mild bid to stock indexes. Metals trading unchanged in narrow ranges since settlement Friday. Oil dipped last night and rallied to unchanged. Bonds are steady. Bitcoin is steady. The dollar is steady. No drama.
In December gold this morning the profile is simple to read. There’s a sell void between $4113.00 and $4148.00 from Friday. A 2-day POC developing in the day structure this morning around $4080.00 and the major POC still in force at $4010. It’s likely prices will stall on a rally to $4150.00 if they trade there…and return to $4000 sometime this week.
