GOLD HITS $4,700/OZ FOR FIRST TIME: INFINITYHEDGE

The Week Ahead: infinityhedge

Tue:
*Davos: Special Address by He Lifeng, Vice-Premier of China 11 CET
*Davos: The Day After AGI (Hassabis, Dario) at 13:30

*Trump’s deadline for a credit card rate cap
*US Supreme Court next opinion day on Trump’s IEEPA tariffs at 10am; Decision could impact $150B in tariff refunds

Wed:
*Binance will be canceling all pending spot and margin orders placed before 2024-01-01 00:00 (UTC) at 2026-01-21 07:00 (UTC) (the “Automatic Cancellation Event”)
*Senate Agriculture Committee’s postponed crypto market structure bill would drop

*Davos: Can Russia Sustain a Wartime Economy? at 09:00
*Davos: Can Europe Defend Itself? (Mark Rutte) at 10:15
*Davos: Is Tokenization the Future? (Brian Armstrong) at 10:15
*Davos: Clear-Eyed about Nuclear Renaissance at 11:30
*Davos: Jensen Huang & L. Fink at 11:30
*Davos: Ken Griffin at 11:30
Davos: Quantum Reality at 12
*Davos: Trump address the World Economic Forum at 14:30
*Davos: Why Quantum Is Around the Corner and Why It Is Not (IBM) at 15:30

*Caroline Ellison (former co-CEO of Alameda Research) is scheduled for release
*Davos: Trump plans to convene a group of corporate executives evening after his speech at the WEF

*US Supreme Court to hear oral arguments in the case involving Trump’s attempted firing of Fed’s Lisa Cook, Powell will attend
*deadline for Warner Bros. Discovery shareholders to decide whether to accept Paramount Skydance’s tender offer

Thu:
*EU Leader's emergency meeting over greenland
*U.S. Q3 GDP
*U.S. November PCE price index
*TikTok’s US joint venture is expected to be formed
*Davos: Where Are We on Stablecoins? at 10:15

Fri:
*BOJ meeting (rate expected to remain unchanged): Bloomberg Economics Says: “We see the next hike in July. With PM Takaichi looking poised to call a snap election, we expect Governor Ueda to play his cards close, sticking to recent guidance to avoid inviting any unwanted attention. He’ll probably bat down any questions on the yen, pointing out the government calls the shots on exchange rates.”
*Davos: Geopolitical Risks Outlook for 2026 at 9
*Davos: Global Economic Outlook at 11

Coinbase International Exchange will be temporarily offline due to a scheduled systems maintenance Saturday at about 17:00 UTC (for 3 hours)

Whole Week: World Economic Forum Annual Meeting in Davos; NATO-US Tension over Greenland (?); Bessent said he expect the Fed chair decision before Davos or upon return;

ICYMI:
*Christopher Wood, global head of equity strategy at Jefferies, removed a 10% allocation to Bitcoin from his model portfolio, citing fears that the advent of quantum computing could undermine the cryptocurrency.
*X bans apps that reward ‘AI slop,’ ‘reply spam
*NYSE Builds Venue for 24/7 Trading of Tokenized Stocks, ETFs
*CoinGecko weighs sale for around $500M
*EU considers $108B in retaliatory tariffs on US over Trump’s Greenland threat

https://infinityhedge.substack.com/p/the-7-days-8af

S&P 500, NASDAQ 100 EXTEND DECLINES TO 2%

TRUMP'S SPEECH AT DAVOS WORLD ECONOMIC FORUM STARTED

TRUMP AT DAVOS: SEEKING IMMEDIATE NEGOTIATIONS TO DISCUSS ACQUISITION OF GREENLAND

Trump said the US is seeking immediate negotiations to acquire Greenland, “but won’t use force”

TRUMP: WE WON’T GET ANYTHING UNLESS I USE EXCESSIVE FORCE, BUT I WON’T DO THAT

TRUMP: ALL WE ASK FOR IS A PLACE CALLED GREENLAND

Trump: “That’s probably the biggest statement I made, because people thought I would use force, I don’t have to use force. I don’t want to use force. I won’t use force.”

WOW

TRUMP: CANADA LIVES BECAUSE OF THE U.S., CARNEY REMEMBER THAT WHEN YOU MAKE YOUR NEXT STATEMENTS: INFINITYHEDGE ⚠️

TRUMP ON GREENLAND: YOU CAN SAY YES OR YOU CAN SAY NO AND WE WILL REMEMBER

“We want a piece of ice for world protection, and they won’t give it. We’ve never asked for anything else, and we could have kept that piece of land and we didn’t. So they have a choice. You can say yes and we will be very appreciative, or you can say no and we will remember.”

TRUMP: I WILL NOT BE IMPOSING THE TARIFFS THAT WERE SCHEDULED TO GO INTO EFFECT ON FEBRUARY 1ST

Trump: Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region.

GOLD HITS $4,900/OZ FOR THE FIRST TIME: INFINITYHEDGE

*PALLADIUM HITS 3-YEAR HIGH OF $2,000: <INFINITYHEDGE>

SILVER RISES TO $100/OZ FOR THE FIRST TIME: INFINITYHEDGE

GOLD CLOSE WITH BIGGEST WEEKLY GAIN SINCE 2020: <INFINITYHEDGE>

DOLLAR CLOSE WITH BIGGEST WEEKLY FALL SINCE APRIL 2025

TRUMP: If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A.

The Week Ahead: infinityhedge

Mon:
*Saylor expected announce another BTC purchase
*For the first time in over a decade the Fed conducted rate ​check on yen (around midday on ‌Friday); Yen Intervention coming?
*Do Kwon Trial

Tue:
*India-EU historic Free Trade Agreement after ~18 years of negotiations, EU President Ursula von said ‘mother of all deals’
*SEC- CFTC to Hold Joint Event on Crypto Era at 10am ET
*Trump speaks in Iowa on economy
*Senate Agriculture Committee to hold hearing on its version of the crypto market structure bill (could be delayed due to snowstorm)
*STX earnings

Wed:
*FOMC Meeting (expected to leave rates unchanged); focus will on timing of the next rate cut as recent data show signs that the economy is improving (Economists now expect the Fed won’t cut interest rates until June); BI Says: “The most interesting figures to watch are Governors Waller and Bowman: If they vote with the majority to hold steady, they’ll be signaling to Trump that they side with Powell — including on Fed independence. We expect Waller to vote with the majority, but Bowman to dissent.” Powell’s press conference will be the first since he disclosed DOJ subpoenas affecting the Fed
*Earnings: ASML, MSFT, META, TESLA, IBM

Thu:
*UK’s Starmer set to visit China to boost trade ties (trump okay with this??, another round like US vs Canada over china)
*Earnings: Apple, SNDK, nasdaq, WDC (more details on supply shortage)

Fri:
*U.S. government runs out of funding (shutdown odds at 75% on polymarket)
*NumerCon 2026 12:30 PST

TBA/Whole Week:
macro: Fed chair decision; AI earnings, more trump tantrums after ICE murdered another citizen?;
crypto: lighter to make series of announcements; crypto market structure bill

ICYMI:
*Crypto Bill Delayed (likely to further postpone to until late February or March) as Senate Panel Pivots to Housing Push
*Small Caps Notch Longest Win Streak Over S&P 500 Since 1996
*Samsung increases NAND flash memory prices by 100% in the Q1... “Supply cannot keep up with demand.”; Intel shares plunged 14% on Friday after the company struggled to meet strong AI-driven demand for datacenter chips ​due to supply constraints

https://infinityhedge.substack.com/p/the-7-days-e6a

GOLD HITS $5,000

GOLD ON TRACK FOR BIGGEST MONTHLY GAIN SINCE 1999: <INFINITYHEDGE>

*GOLD HITS RECORD HIGH OF $5,100

CHINA COMMERCE MINISTRY OFFICIAL: CHINA AND US TO MANAGE DIFFERENCES AND PROMOTE STABLE TRADE TIES

BOJ MONEY MARKET DATA SUGGESTS JAPAN DID NOT INTERVENE IN FX MARKET ON FRIDAY