“So I’ve noticed!”
Won’t rally, won’t break … and when you realize it’s mostly “scumbaggery”
on the part of the ChiComs, who usually buy in Asia & Europe and then sell
in New York, with the occasional reverse just to keep the illusion that this is a
viable market, everything makes sense … still can’t get out of the range from
2 Fridays ago … pathetic.
Eric Sprott, from Sprott Metals, nicknamed the gold market, the “Comex Con
Game”, but it wasn’t the ChiComs he had in mind … it was the scumbag LP
bullion dealers led by JPM & HSBC, who for years have been at the head of
the pack manipulating metals markets on behalf of the FED & BIS … “well,
there’s a new Sheriff in town”.
And that “Sheriff” is the ChiComs, who got more money to throw, throttle,
and manipulate gold than combined retail & institutional specs times 10
… and their goal is quite simple; accumulate physical gold without the price
going up much … and of course, the lovable scumbag banks are only too
willing to help the largest transfer of wealth the world has ever seen, for a
few coins in their collective pockets.
Today sees nothing new under the sun so far … rally in Asia & Europe on
“vapors”, cuz there is no volumes flowing through, or liquidity, and then gold
“hits the wall” as the sun comes up in New York. So, we got a new
“Con Game”, run by pajama traders in Bejing … “yes, mi amigos, this isn’t
what I thought the 21rst century would turn into”.
Problem for us as traders, is that daily ranges are far below historical norms
and averages … it makes little sense to buy new lows with a $5 or $6 range,
cuz historically unless you’re gonna see a reversal, you can expect further lows
at some point … not lately though, cuz all we see is “chop” … and from the
perspective of the ChiComs, this is perfect cuz it gives the illusion of a
“random walk” market and gives plausible deniability for the ChiComs in
front of “do nothing” regulators whose only job is to watch midget porn all day
on office computers … the bottom line is of course, biz as usual and they get
their physical gold … gold, I might add, that goes into China and will never be
seen again.
So, here we are yet again, and New York opens and proceeds to act like a
bucket of left over shit … bid/offer all over the place, spreads widened for
absolutely no reason, gaps in the M1’s from close to open of the next minute,
which shows you just how bad conditions have gotten, and it’s another day of
gold pretending to trade like it’s a viable market … it isn’t, and just like its
sister silver, a shadow of its former self.
Cuz what’s happening, is that the ChiComs aren’t letting it go past certain
points on the range, before trapping those the wrong way and swinging it
viciously the other way … rinse, repeat, you get the idea … first they fuck one
side, then they go after the other, and at some point they sit back and let it
fluctuate some so that their actions don’t become predictable … meanwhile,
anybody who has been around the gold market awhile, can’t justify trading it
cuz it’s not really going anywhere, and the ranges are tiny compared to
historical norms … in the last 6 tradings days, including today, where’s it gone
and what’s it done besides screw people who’ve been involved in it? … and
before that, I could raise the same question! “Hello silver market, here we
come”!
Meanwhile, over in stocks land, stock indices are getting volatility sucked out
of ‘em faster than money thrown down at a craps table in Las Vegas … and
this will affect USDJPY flows, which will slow down “risk on / risk off” panics
seen in December, and as a result slow down gold … as if it could be slowed
down anymore than it is already. Bottom line is, highest probability is for
nothing but a “chopfest” with the usual gaggle of bullshit bullion dealer
“scumbaggery” making trading “Hoover Dam” near impossible. Why should
today be any different? [Cuz it isn’t, same old shit, different day, thank you
ChiComs for showing up.]
There really isn’t anything different from today, than what we’ve seen over
and over again in gold … which is quite frankly, New York suppression of the
gold price … as I said, it won’t rally, it won’t break … nobody trades it
anymore, and nobody seems to care one way or the other about owning it,
holding it, trading it, or even thinking about it … it just drifts … currently,
we’re in a “drift up” phase, but then we’ll go back to “drift down”, and month
after month price really doesn’t do a “Hoover Dam” thing. Gold right now, is
at the same price it was in May 2018, end of April 2016, end of March 2014, 4th
of July 2013, and finally mid-September 2010 … “anybody but me see a pattern
here”? EXIT QUESTION: “How many metric tonnes of gold have the ChiComs
accumulated in the last 8 ½ years, as price has virtually gone nowhere”?
ANSWER: “12,000 TONNES” [Source: Bullionstar.com]. “Now, this is
manipulation done right! … how do you accumulate this much gold and not
have the price go up? … ask them, they know how to do it”!
Afternoon in New York, and this is familiar territory … gold doing nothing,
going nowhere, the range since stocks opened a miserable $3 and change, and
anybody who wants to call this a market needs their head examined … “there’s
no “here” here, and everyday that goes by sees Comex volumes go lower … and
why wouldn’t they”? People who used to trade gold, have left for greener
pastures.
Well, I can’t take anymore of this … just miserable on all fronts … maybe
tomorrow is better, we’ll see … can’t be any worse that’s for sure … I’ll trade
it as soon as there’s something here to trade. I’m outta here … until tomorrow
mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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”!
No comments:
Post a Comment