US gold holdings is estimated at 260mm Troy ounces. A “re-valuation ” puts it over $1T on paper. Executive order coming to a theater near you…(with wide ranging ramifications )

Bessent did mention this about a year ago. It was in the $2700’s. Cowinydink, I think not

Good catch

Platinum current spot price has risen sharply (~14%) since the January 16 NAV calculation. I had to scramble Friday in the PM to get in - it was already zooming up. Since ETF trading hasn't resumed yet, PPLT's price hasn't adjusted.

Weekend Newsletter

at this moment conditions are being met for the Trend system to go long on the ES mean reversion systems.  Again it will not confirm until 4 pm EST tomorrow should conditions hold. 

if it triggers, despite tomorrow being a holiday I'll send a trade notification email for the official trade

Never understood them unless it's used to launder money. They trade 24/7. Now if they don't get it back up by E/RTH that would draw too much attention IMHO.

Compare SPX vs XLP:SPX ratio 3 - Chart Linkthe ratio is a bit concerning because generally it is correlated with the S&P 500, however it has been MUCH MUCH weaker than the SPX lately

!ADLINENYC - NYSE Common Stock Only Advance-Decline Line (Weekly) - Chart Link

outside the upper BB's - notable for sure and nothing that the market is getting vulnerable, however clearly it's much more powerful as a buy signal when this closes below the lower Bollinger Bands vs a sell signal above the upper Bollinger Bands

also it depends on the structure of the market. During bear markets and when price is not strongly trending higher, the sell signals are more powerful like you see in late 2022 and 2023 and early 2024.  

nice on Natural Gas, I had started buying Boil on Friday

it's down 2.8%, and the pattern is still intact, which could change obviously and that said bitcoin etc, the bounce off the Nov lows so far has been reflexive and not impulsive,

that said - regarding crypto currencies, I've never been a zealot of them.  I still remember getting harassed 2 years ago from people asking me why I bother to cover precious metals: precious metals are dead, it's for old folks, crypt is the new thing and it's going to the moon.  I would say all the time that precious metals are going to have their day, it's coming - well we are seeing that first hand

well...looks what's happening before our eyes, we are in this crazy uncertainty period and what are people flocking to?  Precious metals and tangible assets like other metals and commodities, not digital bitcoin 

heck even under some doomsday scenario Mad Max, even fiat currency at least it's tangible, you can hold it.  What use is bitcoin if there's no electricity, some asteroid hits and wipes out the grid etc 

Solona down 6.66%.

Natgas up 12-13 % after a few bottoming candles late last week. See if it will hold by morning...

ES futures     MESH26 Futures supply/Demand Public View

Gold futures    https://www.tradingview.com/chart/9PrsO9Dw/

Silver futures     https://www.tradingview.com/chart/nPM426M3/ 

RSP vs SPY - Chart Linkyou can see here how equal weighted has been much stronger than the weighted composite (which is dominated by 7 to 10 big cap tech stocks).  rotation

Compare SPX vs SPXE RSP ratio - Chart Linkthe RSP/SPX ratio shows this equal weighted outperformance began in November

Guggenheim S&P 500 Equal Weight ETF/SPDR S&P 500 ETF (RSP:SPY) - Chart Link

SPX B Weekly d (Shorter Term View) - Chart Link

SPX B Weekly Equal Weight - Chart Link 

you can clearly see the rotation here when looking at how much stronger lately the equal weighted SPX index has been than the SPX composite 

don't worry I didn't notice it until Saturday LOL, the R2M KISS mean reversion triggered long

Monthly looks good !

ISOU, inverse head and shoulder one and half year in the making.  Noticed the prior head and shoulder that pretty much hit full measurement on way down.

Some other utility charts I'm monitoring:

DUK

CMS  

VST

WMB