MARKETS: Two Bombshell Gold Stories

Housekeeping: Good Morning. The title is not an exaggeration. Gold is being remonetized domestically at the state level and therefore will be accommodated at the Federal level eventually. Druckenmiller’s purchases send a signal.. not only are miners undervalued, but their operations are secure. This signpost/milemarker is significant.

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***Druckenmiller buys Barrick and Newmont, Arizona Goes Gold, Michael Oliver looks at Miners***

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Contents

1. Current Prices

2. Yesterday’s Activity

3. Data Due

4. News

5. Markets/Metals Commentary

6. Market Gameplan

7. Attached: Druckenmiller, Arizona stories, MSA Excerpt

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Yesterday’s Activity:

• Precious Metals- weak but not bad

• Oil- started strong, finished weak on api numbers

• US equities- another good day

• Bonds- recovered some of their losses

• DX- non event

• Crypto- continues to see inflows taking it higher

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Week’s Data:

• MONDAY, FEB. 12 speakers and Monthly U.S. federal budget Jan

• TUESDAY, FEB. 13 8:30 am CPI Day

• WEDNESDAY, FEB. 14 Fed Speakers

• THURSDAY, FEB. 15 Jobless claims, Retail sales, more below

• FRIDAY, FEB. 16 Housing starts, PPI, Consumer sentiment

Full calendar¹

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News:

News Links HERE

NOTABLE HEADLINES

• Fed's Barr (voter) said January data was stronger than expected for both jobs and inflation, while he added the Fed is looking at the totality of numbers and a lack of historical parallels makes current monetary policy decisions difficult. Barr also stated that data suggests the Fed is on a good path but it is still early to say there will be a soft landing, 

GEOPOLITICS

• Middle East, and Ukraine see below²

Some headlines via NewSquawk

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Market Gameplan (Charts):

• Gold- Options comment

• Silver

• Oil

• Stocks

• BTC/ETH

• Bonds

Druckenmiller Buys Barrick Gold and Newmont Mines

Did Arizona Just Join the BRICS?

Attached:

Excerpt from the excellent Michael Oliver’s MSA take on Newmont and Barrick