I LIKE IKE

 

“Yup, he did … now we got the banker industrial cartel!”   

Nothing moves unless the bankers say so … nothing … cuz the world works 

and is run on “grease” from the largess and “skim” created & controlled by 

the TBTF & TBTJ scumbag banks … masquerading as always as “liquidity 

providers”, which in ancient Sanskrit means “thieves”, our modern day  

“virtue signalers” very much want you to believe they are on your side 

… nothing could be further from the truth.

Hell, if he wasn’t an actor on a worthless TV show, one Jussie whateverthe 

fuck his name is, could be a banker … shameless hypocrite, no moral 

standards, can easily lie to the cameras, and can thump his chest at being 

somehow morally superior to everyone else … “viola!, I’ve just described a 

banker”!

Fresh off a Holiday, pretty much no interest or movement in financial markets 

in Asia … Europe sees a little gold buying, a few bucks per Oz., getting the 

price above 1330 for a few seconds to suck in specs … and then we come to 

sunrise in New York … “well, you should know by now what this means … time 

to burn & churn specs up in the meat grinder known as the U.S. session … run 

& dominated by, who else, the usual suspects in “scumbaggery”, Squid, JPM, 

HSBC, and a couple of others … making sure that no matter what you did in 

Asia and/or Europe, they’ll be gunning for your stop and playing mind games to 

chew you up … all with the help of course, of the CME who gives them faster 

access to exchange servers for cash, thus allowing them to front run orders and 

prearrange trades, and at the same time use some fancy arbitrage in goosing 

bids/offers in XAUUSD, which is London based, to give you the MAX pain 

you’ve come to know and love … all in a day’s work for those doing God’s work 

here on earth”. 

And lo & behold, blow the shit through the roof … well, this is gonna make 

for some interesting days ahead I can tell you that … first 1340, then 1350, 

and then the big banana 1370-ish … with the grand finale at 1400 if we get 

that far … and if we do, look out above for the proverbial melt up, as 6 billion 

people worldwide can read a chart and see that 7 year resistance has been 

broken on the upside, time to buy … throw in a bullion bank going bankrupt, 

and who knows where this could end up … the good news for us? … “well, 

expanded ranges and better trading action than we’ve seen in a while for sure, 

which is a good thing, cuz I feel like the guy coming out of Death Valley in the 

summertime, and walked up to a swimming pool”.

One algorithm buy trade today … PAMM ups slightly, a few bucks.

Today sees, for the first time in a good while, what I would call bull market 

action in gold … i.e., extended rallies followed by wicked 1-3 minute M1’s that 

scare the shit out of everybody and force people out of longs, but that once 

over easily pop higher within minutes or even seconds … and that’s what 

we’ve seen today in New York, for the first time in a long time.

Good news as well with expanded ranges … hopefully it can continue 

… market needs to slow down some, or it risks going over a cliff “Thelma & 

Louise” style … backing and filling down to the 1330 area would be ideal, but 

hey, who knows what the manipulators got planned for this stuff. Onto 

tomorrow … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

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