One might observe that Senator Chuck Schumer caved in rather easily to McConnell and the White House, who are not particularly adept. And they may be right.One cannot take a stand against hard opposition unless they have the anchor of strong first principles on which to gain a foothold. 

And seeing their victory, stocks went on a tear higher setting new records across the board. The moneyed interests win again.

On to Davos, where the elite meet to eat.I wonder who is on the menu?

Gold was up slightly on the dollar weakness, and silver moved sideways.

There will be an option expiration on the Comex this Thursday 25 January. I have included the options calendars for the futures options below.