“That moment when the propaganda fails!”
“And all the king’s horses, and all the king’s men, couldn’t put Humpty together
again!” … send out all the FED PIE HOLES & Apparatchiks worldwide, nobody is
listening any more … all of the “scumbaggery & fuckery” associated with QE,
pumping billions to scumbag Wall Street banks, manipulating cash settled
futures, all of that is MOOT, cuz it can’t get Europe crude oil, coal, or Natty Gas,
thank you very much short-sighted, dumb ass POLS! … it’s gonna be a very long
cold winter with nothing to heat yourself with, and with rivers at the lowest
they’ve been in decades, barges can’t even get through to supply energy … once
again, thank the POLS for sitting on their collective asses and doing nothing
… keep them in mind while you’re freezing! … “oh wait, you mean printing more
money won’t produce more energy? … Gosh, who knew?”
And as the world discovers each & every day just how naked and ineffective the
Emperors are, the more the world slides towards Armageddon in terms of your
standard of living … “Daddy, what did we do before candles & firewood? … We
had electricity!” … it’s time to send the “nutjobs” packing, but that isn’t gonna
help EUR, GBP, or JPY … idiot policies enacted over the years by even bigger
idiot POLS, have led Europe to the brink of societal unrest & chaos, and it’s
about to get much worse when the temps start dipping … Britain is basically
Latin for “fucked up country beyond all hope”, and it’s been straight downhill
since 1901 when Queen Victoria died … ruler of the world to third world shithole
in 121 years, all self inflicted by Libtards and their policies … inflation so high
there now, nobody knows WTF to do, except the Apparatchiks will mouth about
how inflation needs to get down to 2%, like they have any clue how to even get
that … BoJo was the biggest disappointment since the “Charge of the Light
Brigade”, so inept and tone deaf, it makes you wonder if there’s something in
the water over there.
So by default, simply cuz at the moment THEY ARE ALL WORSE, the U.S. Dollar
is bid, and that spells heartburn for gold, as the scumbag bullion banks simply
bleed gold lower and force even the most die hard gold bugs to puke long
positions … and as I’ve said before, do not make the mistake of thinking you
know where this ends, or how low it can go, cuz it can do whatever the Hell it
wants as it runs you over! … the history of commodities is filled to the brim of
“boom & bust” cycles that repeat over the decades and centuries … now isn’t
any different … what makes “now” different, is the fact that the world has woken
up and many more people are aware of the supply problems … and in gold, you
got the two 800 lb. Gorillas in the room, the Ruskies & Chicoms, along with
others like India, Poland, & Hungary to name just a few, that are actively buying
gold and storing it in their home country … the Ruskies & ChiComs, IMHO,
getting ready at some point in the not too distant future of backing their fiat
with gold … and when that happens, what does the bankrupt U.S. do?
Today’s “Slots-A-Rama” markets [cough, bullshit, cough] brought to you by the
“Humpty Dumpty” Apparatchiks & POLS of Europe, Japan, & Britain, who
between them couldn’t operate an ice cream stand at the beach on the hottest
day of the year without some kind of government subsidy, and they’d still lose
money! … the cold, hard reality of winter approaching, and the fact that “hot air”
from Libtards won’t heat your house, and the FX pairs are melting before your
very eyes … at some point real soon, you’ll wake up in the morning to riots in
Germany, France, & Britain as looters storm grocery stores and other places of
business out of frustration and survival mode … “Hmm, listen to POLS &
Apparatchiks bullshit, or eat cuz I’m starving to death?” … that’s where all of
this is headed, and when it does, FX pairs go lower still, thus increasing inflation
of imported goods … at some point the system goes “TILT”!
Not even to the criminal NYSE open, and it’s “ugly” out there … euphoria turned
to despair so quickly, if you blinked your eyes you missed it 6 days ago … and
for those that think being short is “easy street”, the short covering bursts kill
you every single time … like I said before, neither side [long or short] gets any
favors from the scumbag bullion banks … and just like that, 1700 is back in the
sights of bullion banks … and it seems like everything is being liquidated by the
world en masse, and the only thing bid is the dollar … brutal, just brutal, and we
haven’t seen any real liquidation puke spikes lower yet either … 6 days, and it’s
just a slow walk down the hill for gold.
Just went past the London Fix, and gold holding up better than FX pairs, which
continue to get beat down cuz of either inflation problems or energy problems or
both … some buy signals this morning negated cuz of high MFI readings, where
some were profitable and some weren’t, so that parameter doing its job … the
real problem for gold right now is that it ain’t an island … it needs the “Spoos”,
FX pairs, and it wouldn’t hurt if crypto rallied either, to get some bids under their
respective wings and move higher, and until we see that, gold is gonna be very
difficult outside of rapid bursts of short covering to get anything going … bursts
that are like trying to capture butterflies by hand with no net … they’re off and
running on panic, and if you hit the buy button, you ain’t gonna like the shit fill
… the question now is, can the manipulators do anything past the European
close to turn things around, something which happens quite often, and can
create some wicked rallies & breaks in its path … dunno, we’ll see, but with
everything down [FX, crude oil, & “Stock Bellies”] it would be some trick to turn
things around given the news flow on just how bad things really are, especially
in Europe & China … then again, who says they have to follow any script, they
do whatever the Hell they want!
But, with the 10 YR Treasury back over 3%+ again, EURUSD sinking to 20 year
lows “el quicko mucho”, and “Stock Bellies” mired in mud, at least for the
moment, it’s hard to see where rallies are gonna come from that can be sustained,
at least here in the very short term, that aren’t “one and done” in less than 7
minutes, only to leave heartache cuz there’s no volume to follow … and along with
that, it’s even tougher to see how the news out of Europe & China gives any relief
… if you live in Europe, Japan, or Britain, you have my sympathies.
Into the mid afternoon of New York, and NADA can rally … and while there aren’t
any wholesale sell offs that look like capitulation, there aren’t any rallies either,
just the slow walk down the hill with continuous and constant selling, with the
occasional “screw job” short covering blitzkrieg that kills shorts … gold looked
like it might be making a stand earlier, but that has given way as nothing else can
sustain even the briefest of rallies … and quite frankly, I’m not sure EUR & GBP
can escape some serious erosion in price in the days / weeks / months ahead
… both look headed into a DEPRESSION, WITH SERIOUS STAGFLATION.
And gold keeps inching back towards the lows, 3 steps down 2 up … 6th day in
a row gold is lower, and it feels like a month … we’ll take our opportunities when
we get ‘em, but the rise in yields today with the slump in “Stock Bellies” has put
a lid on rallies … no trades today for the PAMM in gold, simply cuz there haven’t
been any buy signals worth a crap … all have been negated by either too high
MFI readings, or come too far off the low before a signal, thus wasting “buy fuel”
… and like the previous 5 days, not a lot of time with the HULL 120EMA sloping
higher … the vast majority of people get killed in gold cuz they come to the trade
too early, or they stay way too late … today looked and felt like gold might be
finding some modicum of support and/or buying interest down here in the low
1700’s … it’s hard for me to see it going sub 1700 and staying there … doesn’t
mean it can’t happen, but I would suspect very good central bank support at
those prices … we’ll see, but for now, it’s all about FX sliding into the abyss
along with “Stock Bellies” … when those turn and rally, gold will move smartly
to the upside … hopefully it can be when I’m awake, and not simply in the Asian
session … “do I have to move to frickin’ Thailand?”
… OUTTA HERE … “The future’s so bright I need 2 pairs of “golden”
sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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