FINANCIAL MARKETS HAVE NEVER BEEN WORSE

 

“Well, listening to markets will do that!?”   

So many things make trading better than it has ever been, but outweighed by 

the one critical thing that makes the accumulation of technological progress 

worthless … “the complete and utter destruction of markets to price asset 

classes properly, where anything and everything is manipulated by central banks 

and their BFF’s the scumbag TBTF & TBTJ banks, for policy purposes of 

course, cuz the population has to be controlled and lied to for their own good 

… and what ends up happening, is that wealth is destroyed via inflation, and 

asset bubbles have to be propped up [hello real estate] at ever higher levels, cuz 

the ramifications of allowing free markets to operate is too frightening to 

contemplate … at some point the bills come due, and we’re “Hoover Dam” 

close to that point … as I’ve said many times, gold doesn’t matter ‘till it does”!

And while there were plenty of problems with physical “pits”, not the least of 

which was the petty stealing between brokers and “bag men” in filling 

customer orders, it pales in comparison by a factor of at least a million, to 

today’s financial markets that are 100% controlled by banks … everybody 

trades through banks … and through the banks, government exerts control 

cuz they feed them all the money they need, no matter the losses or margin 

necessary, until whichever market they want to control today, goes the way 

they want it to … nowhere is this more obvious than gold & silver, where 

HSBC & JPM lead the way in market manipulation on behalf of 

government … today another perfect example, where Asia & Europe trade, 

and when the trade gets to New York, it’s another completely different 

market.

Asia & Europe doing their usual schtick, which is to buy, buy, and buy some 

more … and now here at the beginning of New York, we’ll see what the 

scumbag bullion dealers do, to undo what was done earlier.

A little bit of selling, as the SP500 slipping under 2800 is the catalyst for gold 
today … hell, might as well be trading the SP500, cuz it’s an inverse tick 
relationship at the moment running gold trading … and then the correlation 
goes “buh bye”, and leaves traders confused … see my shocked face 
… “Quite frankly, I don’t see much excitement for gold up here around 1320, 
and I see a helluva lot of selling by dealers … gee, wonder how that will work 
out”? [snark] This entire day in gold, nothing more than dealer 
“scumbaggery” & manipulation … sad but true.

Today a perfect example of just how “asymmetric” gold trading is … the gains 

in price come grudgingly, after step by step up in slow motion … the drops 

come viciously and quickly, undoing gains at a clip that sees a 3:1 or 4:1 time 

compression … “and right there, you can see what happens when the bullion 

dealers learn of lessened “trade flow” to the buy side, and then jump on the sell 

wagon and thrust price lower … do any of us have that information at our 

disposal? … to ask the question is to answer it”.

One algorithm buy signal today … PAMM up a few bucks.

Not that excited about being long as stocks drop, cuz I know what the “Plunge 

Protection Team” [PPT] is capable of doing in seconds, as it can whip things 

around in a hurry … gold kind of in “no man’s land” here just over 1320 

… there will be fierce selling all the way up to the most recent old high 

around 1346, and it will only take a feather to knock it down given the 

“Great Bullion Dealer Wall of Selling” directly above us. In essence, all that 

is happening now is what has happened before … viz., roll the rock back up 

the hill, sell the shit out of it, and cover on the way down, a/k/a the “Comex 

Con Game” in all its infamous glory.

Fills and order execution times today good, so kudos to Turnkey for that 

… amazing how everything gets “fixed” after you bitch, and they claim they 

got nothing to do with it, but it nonetheless gets fixed anyhow in some kind 

of miraculous way with nobody doing anything … funny how that works, 

huh?

The climb higher from here in price is gonna be tough IMHO … all it’s 

gonna take is a higher equity indices price and gold sinks … but who knows, 

cuz at some point the game has to change and gold has got to go significantly 

higher.

Onto tomorrow mi amigos … I’m outta here … Onward & Upward!!

Have a great day everybody!

-vegas