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Sunday, November 11, 2018

SUNDAY UPDATE: GOLD STRUGGLES

“Through the veil of sickness, I sense some sarcasm in her voice!”

First some bookkeeping … directly below the 20 Day Range MA’s for gold 
… and as you can see, the blue New York MA just keeps going lower.

click to enlarge

After I posted on Friday I crashed … I wake up from a dream where the dog is 
telling me, “hey ya know, it’d be a shame to leave all that deli roast beef in the 
“impenetrable bacon box”, what with your impending death and everything … ya 
know she isn’t gonna give me any of it after you assume room temperature … you 
need to get up, and let’s go have us some roast beef one last time”! … so, I get out 
of bed, stumble towards the kitchen with the dog in tow, and the Mrs. is up and 
says, “whoa cowboy, where you going to”?

“Some roast beef”!, I say … “what”? … “yea, the dog says he needs some before 
I die of man flu … cuz when I’m fish food, you’ll keep it all for yourself and he 
won’t get any” … “oh, is that what he says does he”? … “yea, he was tellin’ me, 
so I got up”. And like a prisoner who has escaped his cell, I get led back to bed 
after the dog gets some roast beef … where’s the dog, I don’t see him … “the 
Mrs. & I are bestest of pals, now that she gave me some roast beef PLUS cheese, 
PLUS a piece of bacon … we’ll be hangin’ out watchin some movie, you go back 
to bed now … good luck … adios … who was that guy anyway”? 

And while I’m not 100% yet, I don’t have that “I’m dyin’ over here!” 
mentality either, that I had on Friday … with TLC from the fam, I should be 
normal by March.

Well, gold and everything else got “monkey hammered” on Friday … and in 
case you hadn’t noticed, WTI crude oil did something it has never seen in its 
trading history, going back to the 80’s … it’s been down 10 days in a row, a 
new all time record. “If I didn’t know better, I’d think the idiots at the FED 
were trying to engineer a worldwide depression … yes, by all means, let’s raise 
rates some more”! On the horizon in a couple of weeks is the Trump - Xi 
meeting at the G20 in Argentina … not saying anything will come of it, but it 
has the potential of being an explosive market mover. Anyway, back to bed, 
and with a good night sleep, I should be OK tonight and tomorrow. 

Have a great rest of your weekend everybody!!

-vegas

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