Was Friday’s financial “blitzkrieg” for real, or was it a “false flag” operational
Christmas present operation for the scumbag banks? … crypto over the
weekend not giving any clues, as prices drift in tight ranges right around Friday’s
close … gold for its part, going through a streak of down days that are horrific in
scope, with only the Asian session seeing any buying whatsoever, and Europe
& the U.S. destined for the sellers … and as I said Friday, if you can’t rally gold
on a day where there’s horrific news [on the surface at least] and it should be up
$50+, when the hell does it rally and “stick”?
And as Europe faded and the sun came up in New York on Friday, there were
chances that gold had to regain the positive momentum … price simply couldn’t
do it! … and quite frankly, no matter your method, model, or algorithm, you need
to see VIX momentum at the corrective turns, that starts to take price higher
[if you’re buying], and we didn’t see that … it’s called CONFIRMATION of a signal,
and without it, it’s just a line in beach sand that gets washed over by the next
wave … take it without confirmation and it spells major league trouble.
Of course, we won’t know for sure what the answer is for many days, as FUD
about COVID and the idiotic reaction of POLS everywhere comes into focus
… central banks keep buying record amounts of gold, and until the money
printing stops [it won’t] I can’t see gold price & VIX heading much lower … but
in an environment of “sell everything first ask questions later”, you can’t ignore
the downside either, cuz if you think things can’t get more FUBAR, I’m here to tell
you it can get much worse … never underestimate the ability of Dopey POLS
everywhere to make any problem WORSE, and you can absolutely count on
“Taliban Joe” to fuck things up royally if given the chance … and if “Stonks” do
crater [SP500], don’t expect gold to hold up in price, cuz I don’t think it will, but
instead go into a “death spiral” lower of liquidation … how low? … who knows?
… historically, though, it’s been rather “ugly”, and the question is can they keep
the market functioning without blowing the market to hell and back? … we’re
gonna see in the days ahead.
… onto the week … “The future’s so “GOLDen” bright I need sunglasses!! 😎
… Onward & Upward!!
-vegas
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