It was a day of considerable minor chop, the SPX settling +6pts (0.1%) to 4793. Meanwhile, WTIC settled +58cents (0.8%) to $76.56.
sp’weekly1b
WTIC daily
Summary
SPX: As things are, we’re set for a net weekly gain, but Thurs/Friday does threaten a drop… if only to 4720/4700. More broadly, 5K appears due, whether in January or February.
WTIC: a sixth consecutive net daily gain. Its impressive. We’re at the 50dma… and some cooling to the 10MA in the 73/72s is a threat. Broadly… psy’ $100 looks due late spring/summer 2022. It will be ‘interesting’ to see how the mainstream, the fed, and the political hacks react to that.
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Looking ahead
Thursday will see Weekly jobs, Chicago PMI
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PF charts of the day
Each day I’m not in this… I’m slightly more antsy. Absolutely m/t bullish Freeport. Soft target $48s, psy’ $50, and then the computer’s $63s.
Computer is seeking $50.50, which looks realistic by mid 2022. I hold… with soft target of the $31s. My grander target remain the $54s.
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Final note
Always good chatter from Heyling and Weinstein…
… asking the right questions, as it remains incredulous we have no clear data on whether you can catch C19 twice. The mainstream clearly don’t want to hear anything positive about ‘natural immunity’.
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As I highlighted just last evening, Europe is facing all manner of energy problems…
Germany doing their bit to add to the energy crisis.https://t.co/WCxFaLQTGx
— David J. Flood (@ElementaryValue) December 29, 2021
Germany appears fine to return to the darkness and cold of the 18th century.
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I read around (in all the murky corners of the internet), and the following caught my attention last night…
Yeah… someone with the exact same sentiment as I’ve been noting for some very considerable time. I’d understand if some of you see it as overly dark, but then it pales in comparison to what has been done to many. In any case… it was interesting to see, for what is becoming my usual retort to the psychotics out there.
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Further…
Trump’s base is fiercely upset – via Bitchute
It doesn’t much matter what you view on Trump is… what is happening should be clear, as Trump is increasingly losing his core base.
Further, I’m seeing distinct chatter of DeSantis.
Its very early days, but I’m starting to see him as the Republican nominee for the 2024 Presidential election, and I’d expect him to win.
https://en.wikipedia.org/wiki/Ron_DeSantis
Its a little unsettling that he is younger than me… but that is arguably a positive!
So yes… I’m saying it here first… as at Dec’29th 2021, I foresee a President DeSantis.
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https://www.zerohedge.com/political/twitter-suspends-mrna-inventor-dr-robert-malone
This is what got him banned. There wasn't even any misinformation – the video verbatim went line through line on the data. This is nothing short of gross censhorship at the behest corporate interests. pic.twitter.com/62c4D4AWAj
— ˡᵒᶰᵍ ᵒᶰ $ᵃᵐᶜ (@xw33bttv) December 29, 2021
Well, it was just a matter of time until Twitter decided to silence the guy that originally came up with the idea of mRNA biotechnology.
I have nothing less than nuclear rage for Twitter, a company that deserves to go the way of MySpace. Seriously, if there is something I’d like to see in 2022, it would be see it lose 25% of its 200M DAUs, whether its to TruthSocial, or one of the other growing independent platforms like Gettr or Rumble.com
With just two days left of 2021…
Goodnight from London