Gold Buyer is Back (A Slight Return)

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. “The Gold reset is a process, not an event”Today* Discussion: Some of the Buying is back* Premium: Bumping Into Good Resistance -- Gold/Silver CrossDiscussion:* Pre election buying pattern* China buying in November and december* Post election pattern* Returns slightly…. pre CPINews/Analysis: Markets Recap:US equities were mostly flat on Tuesday ahead of the consumer price index report tomorrow. Large caps underperformed small caps: S&P 500 (+0.11%) vs. Russell 2000 (+1.13%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) gained 1.13% and 0.36% respectively.Market News: "Prices charged by American producers for their goods and services rose by 0.2% in December, a softer-than-expected reading. WSJ"President-elect Donald Trump is preparing executive orders aimed at boosting American fossil fuels and undoing his predecessor’s push for the U.S. to adopt electric vehicles.WSJ"Several of the biggest US pharmacy benefit managers have generated more than $7.3bn in revenue by charging “enormous mark-ups” for drugs treating cancer and HIV, according to the US Federal Trade Commission. : FT"The federal budget sank further into red ink during December, leaving the first fiscal quarter deficit nearly 40% higher than it was the prior year. CNBC"OpenAI has appointed billionaire investor and one of Wall Street’s most powerful dealmakers Adebayo Ogunlesi to its board FT"JPMorgan Chase has said Jenn Piepszak will replace Daniel Pinto as chief operating officer but will not seek the job of chief executive, complicating the race to one day succeed Jamie Dimon at the top of the US’s biggest bank. FT"Meta Platforms is cutting roughly 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year, Bloomberg"Intel said on Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker. Source: CNBCGeopolitics/ Politics* "Security sources: The IDF has not been instructed to change the methods of fighting in Gaza despite the progress of negotiations", according to Al Jazeera.* Israel gov't has reportedly set new conditions which could undermine the Gaza negotiations, via Sky News Arabia citing sources; among those is that the Israeli Army would remain 700 metres into Rafah.* White House National Security Adviser Sullivan said hopefully we will close out a Gaza hostage deal this week, while he also commented that Iran's weakness is a concern because it may force them to rethink nuclear weapons posture.* "Iranian Vice President: We discovered Israel's planting of explosives inside centrifuges", according to Al Arabiya.* Russian Defence Ministry say they have struck critical energy infrastructure in Ukraine.* Russia said its forces captured two settlements in eastern Ukraine.* US President-elect Trump's incoming National Security Adviser Waltz said he wants to deal with the backlog of weapons to Taiwan.via NewssquawkData on Deck: CPI* MONDAY, JAN. 132:00 pmMonthly U.S. federal budgetDec.-$75B-$129B* TUESDAY, JAN. 146:00 amNFIB optimism indexDec.100.0101.78:30 amProducer price indexDec.0.3%0.4%8:30 amCore PPIDec.--0.1%8:30 amPPI year over year--3.0%8:30 amCore PPI year over year--3.5%10:00 amKansas City Fed President Jeffrey Schmid speaks2:00 pmFed Beige Book3:05 pmNew York Fed President Williams delivers opening remarks* WEDNESDAY, JAN. 158:30 amConsumer price indexDec.0.3%0.3%8:30 amCPI year over year2.9%2.7%8:30 amCore CPIDec.0.2%0.3%8:30 amCore CPI year over year3.3%3.3%8:30 amEmpire State manufacturing surveyJan.-0.50.29:00 amRichmond Fed President Barkin speaks11:00 amNew York Fed President Williams speaks12:00 pmChicago Fed President Goolsbee speaks* THURSDAY, JAN. 168:30 amInitial jobless claimsJan. 11210,000201,0008:30 amU.S. retail salesDec.0.4%0.7%8:30 amRetail sales minus autosDec.0.4%0.2%8:30 amImport price indexDec.-0.3%0.1%8:30 amImport price index minus fuelDec.--0.0%8:30 amPhiladelphia Fed manufacturing surveyJan.-6.0-16.410:00 amBusiness inventoriesNov.0.1%0.1%10:00 amHome builder confidence indexJan.4646* FRIDAY, JAN. 178:30 amHousing startsDec.1.32 million1.29 million8:30 amBuilding permitsDec.1.46 million1.51 million9:15 amIndustrial productionDec.0.3%-0.1%9:15 amCapacity utilizationDec.77.0%76.8% Final Market CheckPremium: Gold Silver Spread and Macro Implications