“Government as Santa Claus … I want my free shit … Now!”
My favorite “crony capitalist” Uncle Warren [a/k/a Warren Buffet], once
quipped, “when the tide goes out you get to see who’s swimming naked”. He’s
right up there in the “vulture capital class” Hall of Fame. However, closely
behind Uncle Warren, are the Ruskies & ChiComs … “cuz ain’t nobody better
at lying, stealing, cheating, and ultimately getting what they want by “hook or
crook”, than stone cold capitalists posing as Communists”.
What do the three  largest countries on Earth, which are China, India, &
Russia, and which easily make up at least half the entire world’s population,
have in common? … their love of gold as money. And while the rest of the
idiotic world chased the latest & greatest NASDAQ story stock, pushing it to
levels of pure lunacy [e.g., Tesla over $400 per share], what are these 3
countries doing? … “that’s right, stacking more of the yellow stuff”.
Cuz the dirty little open secret is not very pretty … and that “open secret”, is
that the U.S., at least financially, is nothing more than Venezuela with some
credit left … “and the rate we’re going, with trillions of dollars of debt added
every year as far as the eye can see, and that with supposedly fiscal conservatives
in charge, should make everyone pause and ask, “WTF is going on here”?
… sadly, though, it won’t … the “Free Shit Army” wants their stuff, and doesn’t
give a fuck about anything else … Pols being Pols, they don’t want the pork
barrel ride to be over anytime soon either”.
Armies are great … too bad they’re useless in a financial war. Both Russia &
China are developing 1) financial tools, e.g., petro Yuan oil futures,
2) payment systems outside U.S. hegemony, and replacing SWIFT with their
own international system, and 3) they’re buying gold in record amounts,
having the physical sent “home”, cuz IMHO, someday they want their
currencies backed with gold. “And the cheaper they can buy physical, the
happier they are … hell, it wouldn’t surprise me in the least, to find out the
ChiComs are the world’s biggest “sell side” manipulators of COMEX gold
futures … they push the price down via paper, then go buy the physical and have
it sent “home” … cover, rinse & repeat as often as necessary … nice work if you
can get it! … so what if you let the bullion banks make a few coin in the process,
your objective is to buy physical CHEAP”! But as Uncle Warren has said,
“when the tide rolls out …”, yes, and when it does, look the fuck out … “it’ll
make the NDX100 rise over the last few years look like a blimp up”. And if the
U.S. stock market is any guide, it looks like high tide was a few weeks ago, and
the water is only starting to roll out.
What people all over the world know, that most in America don’t, is that gold
cannot be corrupted … it can’t be cheated or inflated away by corrupt
government, and has no third party counter risk … it simply is money. What
the world has witnessed the last 6 years, is the largest transfer of wealth ever
seen from West to East … and while the West digs a deeper financial hole
through wholesale welfare schemes to garner votes, the East buys more &
more physical … at some point, the scale tips … look the hell out when that
I mentioned yesterday, the “tsunami” of debt by the U.S. … add to that the
following chart, directly below.
click to enlarge
“Yes, I’m sure trillions upon trillions of new global debt will make things more
stable & better for everyone … what could possibly go wrong? … as history tells
us, the only way out of this clusterfark is massive inflation”.
Turning to today’s gold market … “exasperated longs puking … positioned
retail specs lose, bullion banks win … again … so what else is new”? I would
add, that since October 11th, you know, the day Turnkey forgot to feed the
Gerbils and their MT4 platform failed and we couldn’t participate in the
biggest range day in 2 ½ years, and the 8 minute buying frenzy that saw price
go from 1236 to 1243 in a retail spec panic on October 26th, New York hasn’t
seen ANY rallies of any significance … that’s 18 out of 20 days, not an
insignificant sum of selling. Perhaps, with the arrival of the “Plunge
Protection Team” [PPT] less than 48 hours ago in stocks during the last hour
of trading, and now 100 handles higher in the SP500, gold longs have figured
out, with elections looming and losses in tow, maybe it’s time to liquidate
… seems plausible.
Again we see today an almost $9 range coming out of the Asian & early
European session … and excuse me, if I’m sitting here wondering, “can New
York do anything but chop around”? … cuz quite frankly, this trading action of
late is pure bullshit … it’s almost as if, the bullion dealers are intentionally
chopping up traders for their own benefit … NAH! … that’s tinfoil, conspiracy
shit … they wouldn’t do that … would they”? So, the $64,000 question for today
is, can New York move? … anywhere! … just frickin’ move!
Noon in New York, and outside of cleaning out some more long positions near
the open, and basically becoming a second derivative of the SP500, again
today, unless something dramatic happens in the P.M. afternoon which I
doubt, we got another shit day of a tiny range, and erratic price action, and a
market that can’t go anywhere when New York is open … “quite frankly, after
the election Tuesday, this shit better change or I’ll trade Asia and tell New York
to intercourse thineself … this is worse than effing pathetic”! Seems they got no
problem putting in ranges and moving price in Asia … but let New York open,
and it’s effing goodnight Irene, the dealers take over and this stuff can’t move
to save its miserable life … simply terrible trading conditions in XAUUSD
today, and the last 2 weeks.
Three algo buy signals today … PAMM down about $116.
One worked, two didn’t … and as is the case when gold turns, it’s vicious and
it’s fast, and you got about ½ second to hit the button before it gets worse. In
any event, it is what it is.
On a brighter note, the C2 options advisory did some more trades today, and
has taken advantage of the pickup in gold volatility since the high around 1243
… at today’s low, I sold some put premium, and got fantastic price on the fill
… as those following the C2 advisory signals can see, in order to make money
in options, you have to be 1) early, and 2) make positions work for you when it
looks like the trade is complete dogshit, and there isn’t a person in the world
that would do it … you do those 2 things, and you get seriously rich.
And, I might add, if you’re not signed up yet for C2 signals, details in
“Download Links” and ya get 3 FREE months, AND it’s only 60 cents a
frickin’ day after that … “hell, even the dog is signed up”.
Onto tomorrow … I’m outta here … until tomorrow mi amigos. Onward &
PAMM Spreadsheet directly below.
click to enlarge
Have a great day everybody!!
OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND
OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY
SERVICE. DETAILS IN “DOWNLOAD LINKS” SECTION IN
RIGHT HAND COLUMN. START YOUR JOURNEY FROM
WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!