The lies get bigger, bolder, and farther from reality than ever before … inflation
is “transitory” … everything is Putin’s fault … trust your government with the
hoax pandemic mantra … masks stop viruses from spreading … and last but
certainly not least, the FED has everything under control … with “friends” in
government, who needs enemies?
Last night, fresh off of the Easter Holiday, somewhere out in the South Pacific at
that bus station / pharmacy / bait shop / and we buy/sell gold here!, with the lights
off and Easter eggs hardly broken and eaten, somebody comes in and muscles
gold $20 higher straight up the frickin’ wall before a closed Asia even has a
chance to tell everybody they’re closed! … another mystery tick theater as the
entire world is either asleep or not looking … then of course, both Asia & Europe
go “sleepytime” and can’t move $2 to save anybody’s life before hitting a listless
New York session, where the “big hitters” are still getting the Hamptons cabins
ready for Summer sailing … welcome to gold, what a “shitshow circus”
once again.
I will note, though, the paradigm for trading gold has completely changed … now
a quasi gold backed Russian Ruble is here, soon to be followed by the ChiCom’s
Yuan in coming months … I see absolutely no interest by anyone in selling gold
into a higher interest rate environment unless it’s booking profits and there is light
long liquidation … anybody with a brain knows the FED is engineering the next
depression, likely to start right around the midterms for one hapless “Taliban Joe”
… and then it’s QE forever … today not very indicative of what lies ahead for gold,
as volumes and m1 ranges are truly pathetic … still, gold puts in an almost $30
range today, albeit $20 of that came in the dark … today’s New York action is
more along the lines of “a little song, a little dance, a little seltzer down your
pants” routine, with the usual “scumbaggery & fuckery” expected from virus
scumbag bullion banks like JPM, which by the way the DOJ calls its precious
metals division in court filings a “CRIMINAL ENTERPRISE” … really? … then why
haven’t they been shut down and disbanded? … and we all know the answer
to that!
Thursday & today simply “throw away” trading days … you can’t really glean
anything form them, and algorithm signals are more than likely to be “coin flips”
due to lack of M1 VIX … some years they will be OK, but not this year … No
trades today in anything in these bullshit shortened and/or closed sessions, and
its onto tomorrow where the week’s trading starts tonight in the Asian session.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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