A.M. Look 1/31/25

I’d expect to see a little wiggle down to fill the pit gap in Spoos.

Risk spreads are positive with over head gaps much higher.

Gold hit David’s target yesterday and has backed off.

Silver shows resistance on the long-term PNF, not buying strength. Bunds hit major mag avg resistance which should cap the rally in the metals and Bonds, short-term.

Cattle is not my thing but one of the members caught a nice short off the high. Start looking for bounces again around 1.97.

Looking for another inflation point in a couple of weeks.

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