MONDAY HANGOVER

 

“Gold has no clue where it’s, or how it got there either!”

Whatever it is you want to call the current state of affairs in the gold market, 

“trading” isn’t one of them … so many adjectives, so little space to express the 

sad state of so many markets … all this, of course, the by product of the  

“smartest people in the room” using markets for policy purposes, thus 

disrupting the free flow of capital, with the end result almost everything 

traded becoming “FUBAR-ed” beyond human comprehension … and when 

SHTF, they all back away and say, “hey, it’s not our fault, you can’t blame us”!

The more mistakes the “policy guru’s” make, the bigger the effort to 

manipulate markets back in line … and eventually, like all hacks where 

hubris takes center stage, they come to learn that even they can’t write 

worthless checks forever … and when SHTF, as we’ve seen over the last 2 

months in the equity markets, it spills over into everything else, where the 

explosions lie waiting to be set off by some “loose lips, sink ships” from some 

Pol and/or Apparatchik, and then that mess gets to get cleaned up … rinse, 

repeat, and you eventually come to the realization that this is the reality of the 

financial trading world since 2012 … “a conglomeration of manipulative 

bullshit so deep, shovels are inadequate now … no, we’re gonna need bulldozers 

and cranes to dig through it and remove the stench”. 

We come off a 4 day Holiday, and I’m left with the impression that markets 

sense a general “deja vu unease” … dead cat bounces everywhere, especially 

oil & SP500 futures, as suddenly 1) Italy is behaving, 2) “risk on” is today’s 

buzzword and trade idea, 3) Xi & Trump will fall in love all over again at the 

end of the week and trade wars are “solved” at the G20 meeting, 4) “Brexit” is 

solved, and 5) global growth will return if we all just believe, and so the worst 

must … must … be over, so it’s safe to buy everything again! … “and yet, I 

don’t think traders are in the mood just now for more central planner bullshit, 

especially when it can all come crashing down in seconds as it has done many 

times before”!

But through it all, and please don’t worry cuz the Elites got all of it “covered”, 

the mistress funds get funded, the Pols & regulators get their “cut” from the 

scumbag LP banks, and the middle class gets “fleeced” in the process … the 

world is starting to “wake the fuck up”, and financial markets especially, are 

as sensitive now as they ever were, but the flow of capital comes at speeds that 

dwarf government control … at some point here real soon, the whole apple 

cart gets turned over, and the volatility explosion will be immense and 

devastating … “can’t wait to see how they plan to keep gold down then”!

In the meantime, here we sit, with a few pennies up then a few pennies down, 

with an occasional spike to nowhere as the scumbag LP’s rip some order a 

new cavity they didn’t know they needed or wanted … same old bullshit, 

different day … to say this market is “drifting”, is to give it a sense of activity 

it doesn’t deserve … 15 hours into this shit, and it can’t even put in a $6 range 

from the tips, and the first couple of hours in New York, completely devoid of 

anything but dealer “scumbaggery” … our proprietary “volatility heat map” so 

low, I’m wondering if it can go negative.

As I have hinted before, but allow me to be perfectly clear now … “trading, for 

the most part, has become a gigantic wealth Ponzi transfer scheme … from the 

world to the TBTF & TBTJ scumbag banks, so as they can repair their balance 

sheets from the 2008 financial crisis … for that support, Pols, Apparatchiks, & 

regulators receive kickbacks, bribes, suitcases full of cash, etc., that the world’s 

traders supply in abundance … 30 years ago, it would be unheard of to suggest 

government interference in markets … today, it’s commonplace and draws yawns, 

as traders await fresh news of today’s manipulations and how to read the tea 

leaves correctly from official doublespeak [think Italy today] … the aim isn’t 

“policy”, it’s to continue to enrich the 0.001% at our expense”. And so, one of 

the chief aims today, for any trader, is to refuse to be manipulated & drawn 

into the swamp of shit laid out for us daily … and that swamp is deep & wide 

in gold mi amigos!

The “talking heads” today point to Wednesday’s FED minutes, a Spicoli 

speech where everybody hopes he’s come to his senses and hints at stopping 

rate hikes, and the Trump / Xi “lovefest”, at the end of the week, as the week’s 

key drivers … “yea, sure, & I got some beachfront property in Kansas to show 

you as well”. The fact is, nobody trusts anything anymore until they see some 

results … no more so than the FX crowd, especially those attempting to trade 

Cable [GBPUSD], as they’ve been played like violins going on 28 months now 

via the “Brexit” soap opera … and in gold? … it’s all about the USDCNH rate 

and the ChiCom’s fixation on pegging the Yuan to gold and keeping it steady 

for a domestic population that wants MOAR!

 

“I’m trying to keep food down watching gold … but … this is torture”!

“Congrats to the gold dealers, in getting the day’s range to $6 and avoiding the 

embarrassment of something in the 5’s … that dealer led stop hunt, where you 

pick off new lows and set off some very light sell stops was a gem … nice work if 

you can get it … quite frankly folks, this is bullshit”. 

No trades today in the PAMM or on the C2 options signals advisory.

“Even with a new low by pennies, what am I supposed to do with a $3 - $4 range 

over 7 hours? … yea, I got no answers either. It’s Monday and nobody gives a 

crap, simple as that … and with zero volumes flowing through the trade, it’s a 

dealer led “circus shitshow” from start to finish … as I said, I can’t even” … 

Onto tomorrow … can it get any worse? … guess we’ll find out … I’m outta 

here early, cuz I can’t take anymore more of this crap today … “a man’s 

limitations, and all that jazz” … until tomorrow mi amigos 

… Onward & Upward!!

Have a great day everybody!!

-vegas

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