Today ranks right up there with other “stupid shit” days, as Super Mario holds court from ECB headquarters somewhere in one of Der Fuhrer’s unused and dilapidated bunkers; should be quite a show as the “Oracle of the ECB” tries to convince the world he has any clue at all as to why the sky is blue. Given past history with the Vampire Squid Alum, he will disappoint and EURUSD will skyrocket.
Of course, just like with FED elites, you need your “Newspeak” dictionary out to understand anything he is saying, because normal people have been known to suffer from severe headaches and brain farts trying mightily to understand “central banker speak”; I’m not sure sane people can deal with the twisted logic pretzels that always come forth nor deal with the “heavy eyelid” syndrome that make sleeping pills look like candy after attempting to listen to this clown for more than 5 minutes. But alas, the show must go on, and the dog & pony show is just a couple of hours away.
And as expected, overnight markets are muted with small ranges awaiting Super Mario’s thrilling remarks about his talks with God and how as his emissary here on earth, he is going to rekindle inflation in Europe and set everything right; gold doesn’t even have a $5 range, meaning of course Mrs. Watanabe’s check still hasn’t cleared.
Well, what Mario giveth, Mario taketh away; gold basically crickets. No trades today … I’m outta here.
Have a great day everybody!
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