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Monday, March 11, 2019

FINANCIAL MARKETS AS PROPAGANDA

“Poster boy for all Pols & Apparatchiks … Everything is F-ing Awesome!”   

“And the strings section plays a beautiful melody, for those in first class sipping 
some “Dom Perignon ‘21” with their eyes closed ears shut and their lips daring 
not to spread alarm, as the ship lurches upward before sinking into the icy 
water”. When class & perks means more than life & death, you’ve pretty 
much reached “peak Goebbels”! 

And so, today’s sophisticated gentry prefer the “soft” lies of the FED, and any 
other group of Apparatchiks that make them feel comfortable, wrapped in the 
cloak of government here to help … after all, with over a 100+ years of 
attempting to destroy religion, eradicate the family structure, replace 
education at all levels with indoctrination, destroy wealth creation via inflation 
& debt, tell us “infanticide” is now OK cuz shut up, and ever so recently extoll 
the delusional virtues of socialism, make note of the fact none of them [“them” 
being Libtards] almost never attack Wall Street, the stock market, or any 
other market … except maybe precious metals.

And so, as we have recently witnessed this past Christmas Holiday, 
government feels the total need to step in and preserve the lie … where after, 
the need becomes to kill volatility cuz the 0.001% don’t like volatile markets 
cuz they can’t control outcomes for their policy purposes. And what they’ve 
learned over the years & decades since the Japanese first started overt 
control over their domestic markets in the early 1990’s, is that the money it 
costs to preserve the lie of “Everything Is F-ing Awesome Baby!” is far less 
than their perceived societal collapse, where “collapse” is defined as them 
being tossed out on their collective asses.

Today, this takes two forms; 1) make sure the SP500 goes up, and 2) suppress 
gold & silver with whatever it takes … add these two together, and  
“Ma & Pa” out in the heartland can breathe easier tonight knowing that their 
401(k’s), IRA’s, and worthless bonds are OK … except they ain’t … it’s a 
Ponzi scheme … but when you’re bombarded day & night via media, and 
price that doesn’t really go down much to give you heartburn, it appears the 
problem goes away … it hasn’t, it’s only gotten worse … “but hey, you’re not 
supposed to think that, and you’re not supposed to even care about those 
barbarous relics gold & silver … oh, how 20th century! … don’t worry, 
government has your back”!

And just like that, all that excitement from Friday is … GONE! … hell, gold 
can’t even challenge 1300 for even a second come Sunday night … overnight 
sees Asia & Europe comatose, as we start the New York day with a $3 & 
change range … apparently the word went out over the weekend to squelch 
the rally, and the email to me must have been misplaced somehow … yea, 
that’s what happened I’m sure of it.

So here we are, at the mercy of the scumbag New York bullion dealers, whose 
official motto should be, “Let all metals markets die in darkness between our 
bid/offer” … the day hasn’t even started, and I feel like it’s over already.

Right before stocks open, and we got another manipulative Monday on our 
hands … “oh, wasn’t the “fun & games” associated with the retail sales 
number fun”? … just another reason the government releases economic 
numbers during market hours, instead of on weekends … so that the scumbag 
banks can fleece traders and collect the all important “skim” … it only hurts 
if you’re a trader … $5 change & range, and I want to throw my laptop into 
the ocean … “what the hell is anybody supposed to do with this? … won’t go up 
& won’t go down”.

“Aaaaaaaand it’s gone! … I’m referring of course, to any and all rally attempts 
today, no matter the length of the up move in terms of time, as the moves down 
take it all away in seconds … cuz this is what happens when scumbag dealers 
know where the order flow is and by how much, and when the buying dries up, 
they simply lower the BOOM!, and down we go in seconds what took a helluva 
lot longer to take it up … welcome to modern day manipulation, inside another 
“Flying Wedge of Death” [FWD] meat grinder they are only too happy to oblige 
you with for their benefit”!

We’re into the New York afternoon, and unless somebody told you otherwise, 
you’d swear this crap was closed … simply a pathetic trading day filled with 
nothing … and it isn’t likely to get much better from where I’m sittin’ either, 
so for those looking for some upside movement, good luck with that. “Another 
worthless, useless trading day where the range is so embarrassingly low, the only 
participants that can make anything from this pile of dogshit are the usual 
suspects, through mystery ticks & spikes, and the usual assortment of “Slippage 
candy” thrown in for good measure”. No trades today, cuz no algorithm 
signals.

Oh wait, a new low out of nowhere … gee, that almost never happens [snark] 
… let’s see where this takes us? … “errr no, just a dealer sell stop hunt … biz 
as usual … and after rolling the rock back up the hill some, another dive to a 
new low, followed by nada … this is an absolute joke, and Turnkey doesn’t make 
it any better … this ain’t a day for rallies folks”!

Quite frankly, another minute of watching gold, and Brady Bunch reruns are 
gonna look good by comparison … I’m outta here early, cuz if I don’t I’ll 
suffer brain damage … tomorrow sees heightened “Brexit” drama out of the 
U.K., which more than likely sees gold paralyzed with inaction … we’ll see 
… until tomorrow mi amigos … Onward & Upward!!
  
Have a great day everybody!

-vegas

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