Good morning, it's Wednesday. Don't bummer 11th. I'm Phil Strebel, Chief Park at Shed just at Blue Line Future. So precious metals continue to surge overnight along with the US equities in the crypto currencies. Gold reaching the intro day high overnight, a 41, 51, 60. And right now it's trading right around 41, 32 up about $16 as it is recording. It could potentially be eyeing another run up to 43, 36, seen on Monday, October 20th. And that would be it's all week, all time high in 52 week high. So gold volatility remains elevated at 23, 33. It is above that 20 level. So expect to see bounce of volatility back and forth. Your key level supports can be 41, 100, fell by 46, 55 and 4000. The 14 day average shoe range here sits at about 92 to 1. So expect to see that elevated volatility. Now you look at silver and you look at the gold silver ratio dropping out in 80 to 1. It is stronger than the gold market here with its fourth highest close in history and up for three consecutive sessions, tacking out about 5.91% over those last three trading sessions. The 52 week high is just over $53. That $53.02, seen on October 16th. And the key level support is the breakout level that we identified about three, four trading sessions back here. And we were really monitoring that at 49.

4972 or break up off back could push through that 50 level, which is what we saw here. And now we're seeing this continued run up. The line in the sand is weighed down at $45.88. And the average terrain chair over the last 14 days is about $1.60. So you do have so cassis. They are entering that overbought territory, but that doesn't mean that it's overbought here as far as a price perspective. It just means that prices are strengthening and continuing to rise here. DMI plus is over DMI minus. And the MACDs turn positives. So when you look at Chinchord A trading systems, they will look to look at those buy signals here. Now shifting to the equity markets, which are also strong here. Stock features are led by tech with expectations that M&N government shut down to end resilient growth AI investments in that Fed rate cut next month. Now the house will vote today on the spending. So you expect to see some volatility around that, which would end the longest government shutdown in history, a reopening would help filled a date of void and set a clear path for the Fed's December meeting. Soft ADP jobs date on Tuesday has already prompted traders the price in the higher chance of a rate cut. That's where we saw gold features really start to push up. We also saw yields. come off here yesterday and bonds pushed up as well as the 10 year note. You'll get the S&B 500 overnight, up about 2 to 10% percent. So it is slipping after testing the 6900 level. Our year-round price target's been 7,000 for quite a while. So we said at 6886, you do have the NASDAQ up about 100 points here at 25,740. Now you'll look at the CMU's Fed Watch tool for that December 9th and 10th meeting here. Markets now see about a 63.4% chance at the federal cut rates by about 25 basis points. So there's been real no movement in the SWAT markets here. It's up about 62% from week earlier and it's about a 36% chance that they leave rates on change. The polymarket has continued to elevate here. Back up to 72% chance that they cut rates overnight. So we got no real actual rise on any of these two models here based on the available data. But once we start to receive data here, that situation's going to shift. Now yesterday there was a big economic data release here. There was kind of under the surface that moved a lot of these markets here and it was the ADP data here. As far as US companies shed about 11,250 jobs.

50 jobs week on average over the last four weeks ending October 25th that it was Courtney Nervo. data released by ADP research, the figure suggests that the labor market is continuing to slow in the second half of October compared with earlier in the month, and ADP's most recent data report showed that private sector payrolls increased about 42,000 jobs in October after declining the prior two months, but it wasn't significant to really get anything going in a kind of reaffirms where we're at here that this number is continuing to weaken and the jobs numbers continue to weaken. So we have no real significant economic data releases here, but we will have a lot of fed speakers, Williams, Paulson, Wallard, Bostic, Muren, and Collins are all expected to speak. So look at some of the what they information they're giving out as well. Now, I'm the earnings from now the 457 S&P 500 companies that have reported so far, 81% of top-day analysts, four cast and 15% of MIS, getting back to the gold and the gold flows. Gold flows have been really awfully here with ETF selling gold platinum, and now buying a bit of silver in platinum. So you get gold kind of anchored here at around 17% rise here to date at 97.2 million ounces. They cut only about 13,000 trance ounces. So it seems like anybody who would come into that gold market as far as a long-term perspective or in the silver market is anchored in their positions, and then the volatility in the breakout we're seeing here is quite a bit of speculation. You remember up these markets, they all start off and are led by their fundamentals and the name and with speculation. taking place and that's where you get that surge in volatility and then also surge in prices. Now, the silver market data, 42,000 crowns of silver holding, so it's up about 13% not enough to move the needle and then plant and they decrease by about 7,000 in palladium by about 129 ounces. So, I suspect that much of all the holidays that took place yesterday. Veterans Day over in Canada, the UK, over in Europe, yet several holidays as well. And that's where a lot of the volume came off here.

And that's why the ETF's not a lot of movement there, whatsoever in that front. But if you have any questions here, I would look at these markets here as far as you as sack what he's continuing to strengthen. Precious models continue to be supported on tips. energy markets continuing to roll over Bitcoin. futures here, kind of back and forth that 100,000 being a key level here and then some resistance on the upside and then you look at the agricultural markets, well the USD report coming out here later this week and quite a bit of volatility in the cattle market. So you have any questions, give us a call, share an email info at blueviandfeatures.com, remember features, doctor trading. It's doesn't all risk a loss, may not be suitable to all investors.