THE GENIE IS OUT OF THE BOTTLE

“Barbara Eden where are you!?”

You can look for Genies in a lot of places, but there’s one place where the gig is

up, she’s out of the bottle, the horses aren’t gonna be put back in the barn, the

handwriting is on the wall, and the path to the future of the world is as plain as

day … oh sure, you can stick your head in the sand and pretend, just like the

faculty lounge Twits at the FED do every day, but the world is marching towards

negative interest rates, and the gold market knows it … that Genie is out of the

bottle, and it won’t ever get put back in … ever.

The way things are going right now, and there is no evidence whatsoever anybody

in government is willing to change this, sometime in 2024 EVERY SINGLE DOLLAR

THE U.S. GOVERNMENT BORROWS WILL GO TOWARDS PAYING INTEREST ON

THE NATIONAL DEBT!! … pie in the sky? … “hey, I’m not the one saying it, it’s a

department inside the U.S. Treasury Department that says it”!

With trillions upon trillions getting added as far as the eye can see, the only way

out for more QE [for you Obama voters getting up late, that’s called “money

printing”], is to be able to print as much money as you want or need, and then get

people to pay you for the privilege … EXIT QUESTION: When does the U.S. get to

a “Quadrillion” in debt? … at that moment, where will gold be sitting in terms of

price? … silver? 

What we have witnessed the last 5 - 10 years in gold, is nothing less than the

largest transfer of wealth the world has ever seen, through price suppression of

gold by the FED, from West to East … the accumulation of gold by China, the

Ruskies, & India has been immense … finally, as we’ve seen these last couple of

months, the world is waking up to the central bank scam … gold will be throttled

no more!

Well, this day in gold has turned into a bucket of warm bat guano … move much?

… try not at all … ah yes, resting for the next sprint higher is what the talking

heads are saying … well, if gold doesn’t slow down and correct some, I can

assure you that when this move is over, the move down will be as ugly as you can

imagine … plenty of sell stops below the market, and the scumbag banks need to

go grab some … trust me, they eventually will … “go ahead, rally every frickin’

day, but after they suck in every last nickel to the long side, look the hell out

going down … “we’ve only gone up $100+ bucks in 5 days, pretty much straight.

I’m sure nothing can go wrong up here, and it’s smooth sailing right up to new all

time highs, right”? … in the short term, gold is way over extended, and buying on

rallies is a pure sucker’s play.

Still, given the early breakdown today, one algorithm buy signal today … PAMM

up slightly less than 0.1%.

Range today so far, a big disappointment … not seeing the kind of trading action

seen in prior days … this is easily the worst trading day since late July

… tomorrow is Friday, and with little in the way of news flow, it doesn’t look to be

much better … still, who knows, this is gold after all!

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas