Markets are going to be quite subdued, with stock futures mixed. This is technically the first day of the SCR period, which lasts from December 22 until January 3rd.One news item in the GGM Advisory EMAIL ALERT overnight was the announcement of Q2 earnings by Nike Inc., (NKE), the sports apparel company, in which they missed estimates by a wide margin but also announced a US$2 billion cost reduction program. This is not an action consistent with a “soft landing” outcome in 2024. You will recall that earlier this week, Federal Express (FDX) gave a less-than-rosy outlook, citing “weakening demand” as a reason for missing their earnings number. 
The “performance chase” in U.S. Treasuries continues with money flowing hard into bonds as the bond trade is now the most crowded trade out there after being the most hated trade back in late October when the 10-year yield spike above 5%.Today, it is down to 3.85% which marks one of the fastest plunges in recent memory. The bond market, which always rallies during weak economic periods, seems to be sniffing out economic stress on the horizon. Rising stock prices against declining bond yields are usually what one sees at the end of recessions and not at the end of economic expansions such as the one exhibited by the U.S. in 2023. In fact, stocks have had a habit of displaying manic behavior right at the tail end of bull markets and just before recessions arrive.Also about to close is the Norseman Silver Inc. (NOC) (NOCSF) CA$1.09mm unit financing which was also quite a feat despite the very heavy tax-loss selling season for the junior resource space. Norseman is going to see big changes in 2024, and all are for the better, starting with a new, dedicated focus on copper, at a US$5.38mm market cap.More By This Author:Copper Is About To SoarPrecious Metals Sector Believed To Be Close To Major UptrendMining Co. Reports High-Grade Assay Results At Filo Del Sol
