US equities saw a net positive Thursday, the SPX settling +17pts (0.3%) to 6944.
sp’weekly1b
Summary
SPX: As things are, we’re net lower for the week by -21pts (0.3%). I’d guess we will settle net lower, but we’re comfortably short/mid term bullish. 7K looks realistic next week, with 7200/7300 by late March.
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Stock of the day
AG, daily
First Majestic Silver opened weak with silver, but swung back upward, settling +2.6% to $20.34
AG, monthly
Currently net higher for January by +22.1%
Its extremely notable that we’re still below the Feb’2021 $23s, back when silver was a mere $30 ! Considering silver, AG should arguably be at least $40, if not $50.
AG, PF
Computer has very bullish target of $35. I agree.
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Looking ahead
Friday will see Indust’ prod’,
Earnings: $RF $STT $PNC $MTB
Event: It will be OPEX… expect considerable chop on higher vol. However, it will also be the lead into a three day weekend, and that would bode for light vol’. Best guess for the SPX pin… 6950.
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Final note
I had a grocery delivery this evening… $100 or so, nothing particularly big.
The company didn’t charge for delivery, which isn’t such a great thing for retail, which typically have narrow margins.
In any case, I’ve chocolates for a few movies, and other things this night, and across the long weekend.
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*I’m not a fan of the Belski, but the cautious will indeed be cautious about gold/silver at this time. Personally, I think the problem can largely be solved by just using trading stops and position sizing..
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Top tier geo-political chatter from the good Prof’ M.
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Two great Americans… but they are an increasingly dying generation.
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Meanwhile, in the dystopian wasteland of the UK…
… as the Herr Starmer regime is stopping people from escaping the UK.
The fascists are fine with millions of child-raping monsters breaking in, but are withdrawing visas for white Christians (such as Eva). Although you’d have to be pretty stupid for wanting to visit such a dangerous country.
What a country huh?
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Nuclear Detonation in 5, 4, 3…
The nuclear vapourisation of Europe, especially the UK, would not be a surprise, for the ongoing proxy war that began in spring 2022. Rather than allow Russia to protect its citizens in eastern Ukraine, Europe has used it as an excuse to supply weapons, train, and provide intelligence to the Ukronazis.
The UK itself was likely involved in the recent attempted assassination of Putin. I will hope most of you are aware of that.
Ohh, and for what the UK has done to me… yes, this sick nation arguably deserves to be nuked. I’ll hold the vain hope I will be thousands of miles away, do a dance, as the dumb sheep are vapourised, or slowly die of radiation.
A populace that allowed an invasion, with the subsequent rape of hundreds of thousands of young children, is simply not worthy of survival. To hell with them all.
As I said in an X Space today, if I sound bitter and twisted… its because I am!
Goodnight from London
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