“The poster that hangs in the Eccles Building in D.C.!”
Well now, isn’t this special? … the world central banks [minus the FED of course]
see the proverbial writing on the wall, and are aggressively cutting rates faster
than tinfoil Libtards can call anybody that disagrees with them Hitler … last night
sees New Zealand, Thailand, & India cutting rates, in what is being labeled the
“race to the bottom” … and so we start the race to NIRP I wrote about yesterday
[Negative Interest Rate Policy].
Gold for its part, goes apoplectic in seconds … amazing how gold can effortlessly
go higher like a chainsaw through soft butter in the “dark hours”, but can’t do
jack shit during New York … if only somebody had an explanation? [snark, WTF!]
… and here we find ourselves smacking up against 1500 in a panic to buy … can’t
give the shit away at 1200, but gotta have it at 1500 … only stocks, other financial
assets like gold, and women's perfume & shoes can be found in this human
psychological perversion where higher prices stimulate demand through FOMO
[Fear Of Missing Out] … and it’s only beginning.
In all of this entire world clusterfark, there is some very good news for gold
traders … 1) higher price invites larger ranges and more, not less, intraday
volatility, and 2) since the world, including the U.S., is headed towards NIRP if
they aren’t already there, the outlook for gold couldn’t be any brighter than the
sun. Cuz when you got the world getting flooded with government fiat that
doesn’t have to be accounted for by paying interest, expect a shipload of it to be
issued, and the subsequent inflation to be released … where this stuff tops out is
anybody’s guess, but I’d bet it’s a helluva lot higher than where it is now.
I have written before about the POLs & Apparatchik’s paradigm trading model,
where we’ve been in it since February 2016, when the FED went full retard saving
the oil industry by buying futures, and then decided to actively intervene in
almost every market for policy purposes … well, inside this paradigm, we’ve now
shifted into a different subset the world has never seen … and that subset is the
“NIRP realm”, where there are gonna be different rules … cuz quite frankly, the
way things are headed, and unless there is some kind of miracle turnaround which
isn’t on the horizon currently, gold is only going to correct to the downside from
too many people being long … there is ZERO sell interest worldwide in gold, and
for the foreseeable future, all breaks can be bought for profit … still, scumbag
banks are still scumbag banks, and together with the FED can make life miserable
if you get pig headed regarding gold … being patient is a virtue, not a liability
… from a trading standpoint, though, if it can behave even remotely, I can’t
remember gold having a better future than right now … the key question is, can it
behave? … we’ll see.
Meanwhile, over in DOW30 land, never underestimate the government’s ability to
manipulate stocks higher … ever … they will float any bullshit story, create any
headline, and send Apparatchik after Apparatchik out to the financial cable outlets
to lie with a straight face … the government cannot afford to see the stock market
go significantly lower, and will do EVERYTHING to make sure it doesn’t … until
that is, when they lose total control and the Ponzi scheme is over. GBPUSD?
… yea, it’s sleeping right now so leave it the hell alone.
One algorithm buy signal today … PAMM up a few bucks shy of 0.1%.
Gold is starting to worry me a little up here above 1500 … it’s going up too far too
fast, meaning when the FED and the scumbag banks decide to shit bomb it, it’s
gonna be ugly … trust me, they will, and underneath they will be buying the sell
stops with both hands … we just have to be somewhat patient here and wait for
the breaks that matter.
Onto tomorrow … can’t wait to see what shit they bring to the table tonight … until
tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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