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Hey everyone. Quick intro since we just started here on Slice and I haven't introduced myself yet.

I'm Scott Dunn. I'm an analyst here at Republic Research. I've worked with Garrett for about five years now, and known him a lot longer than that.

My background is mostly tech. I come out of the semiconductor trading world and I own an independent board-level components distribution business, so I've spent years around chips, hardware, and how the tech market actually works. I also help behind the scenes with some of our systems and technical analysis.

I'm excited we're here on Slice. This is basically our inner circle now, where you'll see the ideas I'm usually bugging Garrett about over text messages. I don't really share this stuff anywhere else outside of my personal networks and this is the only platform where I'll put my name directly on ideas like this.

Questions, feel free to reach out. We're going to have fun with this and hopefully pick up some really nice winners along the way.

I wa

Short strangle on Nifty intraday.

SPY with an ugly move down today, looks set to close below key level of 680

If the 2007 fractal rhymes then we can expect a local bottom sometime in the second week of February

The 3-minute chart on a day like today will be vital... providing some clues into algo activity and occasional squeezes that traders must follow. I highly encourage you to keep the 24 minute (red line 8-ema) and 60-minute (orange line 20-ema) adjusted lines open. Watch how they behave on a day like today where markets are looking for direction. Sometimes, we round trip and people start guessing direction. But this could offer some clues on policy and expectations on the next few days while vol picks up and concerns grow about the state of Greenland and Japan.

Top 10 Things Traders Need to Watch Today

Japanese Government Bonds

The 40-year yield broke above 4.23% (+40bps), 30-year above 3.90% (+41bps), and the 10-year hit 2.38% (+20bps). This is the real story driving global risk-off sentiment, not Greenland. The BoJ may need to dust off emergency bond-buying operations as early as tomorrow.

VIX Above 20

Fear gauge spiked 25%+ this morning, crossing the psychological threshold. Last time we touched 20 was late November, which marked the last S&P red period.

USD Weakness

Dollar index fell to 98.46 after Bessent tried to calm markets. EUR/USD topped 1.1700, USD/JPY slipped below 158. Watch for continued pressure if risk-off persists.

Gold's Record Run

Spot gold printed another all-time high at $4,737/oz despite surging yields. Silver also at ATHs above $95. Classic flight to safety while Treasuries get sold.

Trump's Davos Address Tomorrow (8:30am EST)

He'll speak on Greenland. Any escalation or de-escalation on European tariffs could whipsaw marke

What drives Bitcoin? Results from long-term study from VAR model using weekly data. Shows Global Liquidity dominant factor. Gold plays a secondary role, revealing short-term negative correlation and long-term positive correlation.

Bitcoin tends to be a momentum asset. Which in my book means buying it when the 200MDA inflects up, and avoiding it when the 200MDA is moving down. Currently it still in the "avoid" trend. This attitude is reinforced by the still very high numbers of shares outstanding in IBIT US.

A picture is worth 1000 words

A beautiful classical song on Bansuri by Shankar Jaikishen...
With beautiful Rafisaab playback...
The beauty is, we make classical songs on Lord Krishna's Bansuri even....!!
For 5000 yrs, India is celebrating Shree Krishna and for 7000 yrs, India is celebrating Lord Ram...Never get tired, never get less fascinated , nor the celebration fades away!!
The Holy Granth of Hindu, The Geeta, not a single time WORD , Hindu, is written in it!! Amazing!!

How We Got Here

This weekend, we want to highlight one of the most important charts in global finance. This chart showcases the holdings of U.S. dollars against Gold since 1970.

Back in 1971, the U.S. came off the gold standard. The dollar because the official "reserve currency" in 1945 after Bretton Woods... but that dollar was backed by gold. When the U.S. could no longer back its currency with physical gold, the dollar floated... and the dollar became the primary instrument of trade... particularly in the oil markets.

What followed in the 1990s was an uptick in globalizing U.S. dollar denominated debt. When nations fund themselves and trade in dollars (and settle accounts), they need physical dollars, so they had held them for a long period of time.

But now, that shift from U.S. Treasuries to gold came after a huge shift in the way that nations perceived the U.S. After the U.S. weaponized the dollar and stripped Russia of her dollar reserves, other central banks looked around and worr