“Normal is what some FED Twit says is normal … nothing else!”
Remember in the movie “Casino”, where the mob guy just walks into the cage
and picks up the briefcase full of skimmed cash, and everybody including
security just ignores him? … like he’s invisible … and then he walks out, goes
to the airport, and takes a private plane back to Kansas City, where the cash is
split up. “What’s any different from the “central banker cabal” and what we call
[snicker snicker, snort snort] markets”?
Today is a semi Holiday, and that means very little market movement
overnight and into the U.S. session … “everybody, including Pols &
Apparatchiks of all stripes, are too busy virtue signaling over a War that ended
100 years ago yesterday at the 11th hour, and which BTW, we are still struggling
with the ramifications … that everybody back then got it totally wrong, initiated a
“solution” that started WWII a generation later, and has solved literally nothing
over a 100 year period, should come as no surprise to anybody with any critical
thinking skills … but alas, look at the pretty wreaths they lay down, cuz that’s all
that matters now … don’t look behind the complete fuck ups, cuz that might just
bring your mind to present day, and as we all know cuz STFU and sit down”.
So, don’t look for markets to move today … gold a complete nightmare of
dealer bullshit, and I’d be surprised if New York had a $3 range … they’ll
start the manipulation game again tomorrow, unless of course we got some
nasty surprises in store for us today, which I doubt. Our favorite pet yellow
rock, for its part, slammed lower by a FED hellbent on higher interest rates &
a hoped for worldwide depression, and the dollar merrily steps higher,
especially against the EM basket … USDCNH back above 6.9600 and
threatening 7.0000 … EURUSD & GBPUSD getting “monkey hammered”, all
over the 28th month and running “shitshow circus” a/k/a “Brexit” … FX
having become the favorite “add to the mistress’s fund” markets as of late. The
way things are shaping up, the only question I have for gold is, “how much of
a “dead cat bounce” do we get today, tomorrow, or Wednesday, before the bullion
banks slam it lower again below 1200”? … a test of that level is in the cards
… it just looks like a complete “chopfest” at the moment, with a downside bias
… and all that means of course is zero, cuz gold doesn’t go where its masters
don’t want it to go first.
Markets today, are like avalanches in the mountains … they bleed slowly
up/down, and then viciously spike in one direction or the other … and when
the avalanche is over, everybody gets to pick the pieces up until the next time
… short gamma players get obliterated, then there’s the obligatory moment
of silence for the victims, and it’s on to the next squeeze … up/down, it makes
little difference, cuz all that matters is the speed of the move … and that’s what
wipes traders clean … “don’t talk to me about sigma, cuz in the world we live in
now, sigma can go anywhere it wants to go, and leave you gasping for air as it
crushes you in its tsunami wake”.
Turning to today’s gold market … bleeding lower, 7th day in a row, in
conjunction with a stronger dollar that is killing EM, Euro, Cable, & Yuan
… and that’s really the story … rallies look promising, then BOOM! … right
in your face lower, and it’s been the same story for 7 days in a row.
Again today, nothing overnight and really nothing in New York … 9/10 of the
last HR’s are lower and the market is $5 off the high set early … in other
words, you can’t buy it and you can’t sell it without taking a big risk in terms
of market movement … who the hell knows when the dealers sneak in some
price spikes and gouge the trade … and on a semi Holiday with no volume and
zero liquidity, why would anybody be trading this today?
So, no trades in the PAMM today … simply isn’t anything here to trade.
A few positions put on in the C2 options advisory in SPY … GLD is dead
meat and not moving, and with volatility low, there isn’t anything to do in
GLD until trading action picks up. Onto tomorrow mi amigos … I’m outta
here early today … Onward & Upward!!
Have a great day everybody!!
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