WHEN DO WE GET TO SEE THE REAL GOLD PRICE?

 

One look around the world, and at least simply from an economic/financial 

sense, some questions have gotta be asked, “Exactly when do we get honest 

markets in the precious metals? … with new QE about to be released en masse 

from helicopters in major economies, how long do the bullion banks have before 

SHTF? … cuz one of two things has to happen; 1) they either go “belly up” 

being short and getting stuffed, or 2) they tell governments to kiss off and they 

start to get long … either one is uber bullish for gold”.

Cuz as we start 2019, one “fun-dur-mental” fact emerges quite clearly, and 

that is that the math can no longer be ignored … some more zeros and 

commas in the debt book, and lo & behold looky here … this years 

INTEREST DEBT on the country’s public debt will EXCEED the entire U.S. 

budget for 1981 … remember 1981? … with the way the math tends to go

exponential, where’s this gonna be in 2040 or 2050? … and you expect Pols 

& Apparatchiks to solve this? … by all means, put the Bernie Bro and/or 

“Occasional Cortex” on the spot and ask them … and then come look at this 

gorgeous beachfront property I have for sale in Kansas … I can give you a 

great deal mi amigo!

Gold looking & feeling tired today … some light stops hit off very early in the 

day, but the rebounding action tells me the trade is long and there’s a bunch 

of folks that need to get cleaned out first … simply too many longs in the 

market up here, and in addition to that, the bullion banks are more than likely 

to treat the 1345 - 1350 area like the “Maginot Line”, that the French thought 

would protect them from the Germans prior to WWI … “it did for a while, but 

when the dam broke, the gig was up and the French complete toast” … more 

than likely the same thing will happen with gold, and a power move through 

1350 will set off alarm bells the world over … and from there it could get 

quite ugly on the upside … but until then, expect the scumbag bullion dealer 

banks to “sell, Mortimer, sell”! … at this point, unless they’re willing to flip, 

they got no choice in the matter.

Fresh off the very early morning low, the market pops and we profit. Since 

then, though, not the same kind of downside action I want to see to get long 

again … we had another buy signal as well, but action at that point had 

slowed dramatically, thus volatility was low and the trade negated … and 

nothing has improved since then either … as I write, simply chop at lower 

levels, with almost no attempted moves higher, and this tells me we have 

more downside to go, either today or tomorrow.

Range again today over $10, so I’m liking that, but for most of the day the 

flow of the trade is horrible … it slows down to a trickle, where the usual 

suspects control price and start quoting mystery ticks and producing mini 

stop hunts that go nowhere. I’d like to see better daily action in New York, 

cuz it’s still quite pathetic.

In any event, onto tomorrow … I’m outta here … until then mi amigos 

… Onward & Upward!!

Have a great day everybody!

-vegas

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One algorithm buy signal today … PAMM up 0.1%.