Housekeeping: Good Morning. American macro discretionary, Bullion banks shortcovering, Asian bull.. it doesn’t matter who it is.. What matters is a buyer is back.
“I spy with my little eye….. A short player and their covering algo” -VBL’s Ghost, 8:37 Thursday evening
Contents
Yesterday’s Activity
Today’s Prices
Today’s Data
Markets/Metals Commentary
Attached- BBG on Silver
Markets:
Commodities, Stocks, Precious Metals, Bonds, BTC, FX
Yesterday’s Activity:
The consumer price index increased 0.3% in December and 3.4% from a year ago, compared with respective estimates of 0.2% and 3.2%.
US equities closed mostly flat on Thursday after a slightly hotter than expected consumer price index reading for December.
Technology (+0.44%) and energy (+0.16%) outperformed the broader market indices, while utilities (-2.34%) and real estate (-0.96%) lagged. performers.
The Nasdaq was unchanged, while the "FAAMG" stocks were mixed:
Current Prices:
There is a buy order in the gold market again
Today’s Data:
FRIDAY, Jan. 12
8:30 am PPI Dec.. -- unchanged
8:30 am Core PPI (year-over-year) -- 2.5%
Total Calendar1
News
"U.S.-listed [BTC] exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon
"Hertz is selling about a third of its global electric-vehicle fleet, a major reversal for the rental-car company after it positioned itself as a champion of the technology with plans to vastly grow its fleet of plug-in models.
Google cut several hundred jobs, Chesapeake Energy has agreed to buy Southwestern Energy
