1. Markets are in rally mode this morning as we get ready for the inauguration of Joe biden. It will be interesting to see how long the markets will embrace the incoming president. He is expected to eventually raise taxes both corporate and personal, reintroduce regulations, and spend another $1.9 trillion. This is why we use charts and not our opinion. At this time, the trend is up and until that changes we must stay with it.

2. More regulation, more taxes and more debt. Sounds like a plan for economic success. Trump piles on trillions in debt. And that will continue, but as we know, we’re going to have to pay the Piper. Growth is the elixir. "Paying the piper" means suffering the consequences of your own self-indulgent actions. First year of the decade is extremely volatile. We’re in the euphoria. Remember election night in 2016.

3. Gold/Silver just more of the same. We’re still in the backing and filling phase. Charts are still inconclusive. Beware of head fakes and beware of rallies that are destined to go nowhere. Patience grasshoppers. The charts rule. Silver is a bit stronger than gold. High end of the range is $28, resistance zone.