We’ll see in the next week to 10 days, who in the “Wimp Party” has balls and
who’s ready to cave cuz they’re Karl Rove RINO’s at heart … cuz at the end of the
day, what’s causing nobody on Fuhrer Biden’s team to want to settle the debt
ceiling “crisis”, is the simple fact they all believe Repubs will cave and they’ll get
whatever it is they want … and why not, Repubs ALWAYS CAVE, as history is filled
with RINO “Huff & Puff”, and then they fold like a house of cards … why should
this time be any different? … whatever deal is struck in the back room, it’ll be
interesting to see how Gaetz, Boebert, Lou Gohmert, Chip Roy, and my favorite
member of the “Fighting Squirrels” section of the Clown College. Marjorie Taylor
Greene, eventually vote … do they cave and vote for some piece of shit
compromise that RINO McCarthy got shoved down his throat that means nothing
& solves nothing, just to get along, or do they stand firm?
Cuz here’s the deal … the Banana Republic is ALREADY burning down to the
ground with Libtard bullshit & Communist policies of Fuhrer Biden and his
“Manchurian Candidate” VP Kammy, the word salad master … quite frankly, from
my perspective, this is “The Alamo 2.0” … you make a stand and die, cuz if you
cave and surrender it’ll be very quickly worse than death for the country … either
way, you’re dead, might as well go down standing on principled feet instead of
begging knees … over in the other chamber of the Clown College, the retarded
kittens section, it’s hopeless cuz there are so many RINO’s it’s pathetic … a
bigger collection of spineless, blowhard Wimps the world has never seen … they
couldn’t break out of a wet paper bag.
And once this manufactured crisis is over, what comes of the resolution to expel
Schiff from the Clown College, and the impeachment articles filed against Wray
[FBI], Garland [DOJ], and of course Fuhrer Biden? … do they just sit in committee
and are stalled and this was just some publicity stunt for the base, or are you
Asshats serious? … my guess is it’s a stunt for the upcoming 2024 election cycle
… and what about defunding or ELIMINATING these rogue, “THUG” Gestapo like
agencies like the FBI, CIA, ATF, etc.? … is that all bullshit too from the
“uniparty”? … my guess on all of this will be like watching Dean Wormer put the
Delta house on “double secret probation”, or maybe they can write a stern letter
the Wall Street Journal can publish … quite frankly, given their dismal history in
charge of anything, and given their deep RINO tendencies inside the “Deep State”,
I’ll believe this current crop of “heroes” when I see it … until then, it’s all bullshit
… “every single day that goes by we hear of more abuses, more corruption, more
in your face “what are you gonna do about it?” farcical bullshit to excuse it”
… but oh sure, this time will be different!
The only thing last week that got accomplished in so called “markets” [a/k/a slot
machines], was the full frontal assault by POLS & Apparatchiks to affect
outcomes desirable for scumbag Wall Street banks … amazingly, every week we
see “helpful words” flowing from POLS and/or Lounge Lizards, that just 100% of
the time match almost perfectly order flow conditions and scumbag bank trading
desk books … of course, the banks are too smart for school, and wouldn’t leave
an audit trail of their real activities, thus hiding behind offshore prop accounts that
are treated simply as ‘customer clients” that they fill orders for when they front run
incoming institutional orders … you’ll NEVER pierce the corporate veil behind
these prop accounts, either in the U.S. courts or overseas where the domiciled
jurisdiction of the accounts are protected better than Fort Knox … so, to anybody
that looks, there’s nothing to see here but customer orders as the house burns
down and money disappears … and right now, the FED is Hellbent on doing 2
things … 1) make sure “Stock Bellies” are contained cuz they don’t want the
bubble to inflate just yet, and 2) keep gold beaten down AT ALL COSTS, thus
insuring Biden’s ChiCom masters get metal cheaply and in large quantities like
they want, all the while undermining the entire U.S. financial system.
To effectuate the first is easy … just keep sending out FED PIE HOLES to keep up
the “blah blah, yada yada” mantra about “higher for longer” and every rally fizzles
out faster than a Biden thought … the second one will see the FED get destroyed
on their paper shorts by other central banks PLUS the ChiComs … 2 criteria IMHO
make this conclusion obvious at some point here shortly … 1) new Basel III rules
that make gold a “tier 1” asset, and 2) the ChiComs are actively promoting gold &
silver ownership to their HUNDREDS OF MILLIONS OF PEOPLE THROUGH STATE
RUN BANKS … so you think the ChiComs are just gonna sit around while the
Lounge Lizards attempt to take gold lower? … NOT A SNOWBALL’S CHANCE IN
HELL! … the FED can fuck around playing the paper Comex Con Game all they
want for a few meaningless bucks per OZ. the ChiComs got “bigger fish to fry”
than what these Morons do day-to-day, and they absolutely OWN THE PHYSICAL
GOLD MARKET … gold that goes into China NEVER comes back out again.
At some point, the world is gonna find out whether or not the U.S. has the gold
reserves it says it has … since the end of WWII, the U.S. refuses to allow an audit
of its gold reserves … why? … what’s the point unless it ain’t there? … and if it
ain’t there you’ll see the largest reset of an asset class in the history of the world
at the speed of light! … as long as the FED keeps using the CNTRL-P machine to
pony up against gold losses at the scumbag banks and they can meet the margin
requirements, the scumbag banks like JPM will go along with their game … as
EVIL as JPM is, they ain’t stupid … when they play the “Comex Con Game” now,
there’s a new wrinkle that wasn’t there before 2023 … and that “wrinkle” is the
ability of transferring paper to physical gold through the EFP [Exchange For
Physical] portal and force the bullion banks to deliver physical gold … they can
no longer just keep beating down the price with hypothecated paper bullshit!
… now they can get called on it!
And when they need “help”, here comes the Apparatchiks like Spicoli and/or
Grandma “Yoda”: Yellen with some helpful words placed accurately for MAX
effect on state run NORK BIZ media to bail the scumbag banks out … and we saw
this on Friday, as “leaked” Yellen words to a private conference of bankers got
released as the banks were long gold paper and needed help before the weekend
to get flat … Bingo!, Bango!, Boom!, and just like that gold goes up about $13 in
less than 10 minutes … of course, after that nothing happens but to the banks
it’s “mission accomplished!”
But the day is coming fast upon us, when the FED loses control and gold starts
trading like Bitcoin … right now, everybody is stuck with LBMA pricing platforms
and/or CME futures … that cartel doesn’t have much longer to live IMHO … but
it’s all we got for the present … which brings me to IQCENT’S gold CFD … if you
look at other platforms like Coinexx, or Simple FX, the pricing is only a few
pennies different … depends on how they price the bid / offer spread, and
whether they charge commissions or not, with the key criteria of whether their
LP or group of LP’s they use at the LBMA are allowed to gouge the shit out of
clients on fills, or whether light slippage is “baked into the cake” … trust me, IT
MATTERS! … if slippage can be mitigated and kept to a minimum [a few pennies
per OZ], and latency is fast, what separates houses is leverage / margin … and
here, IQCENT is the clear winner … leverage for account purposes to carry any
position is 300 : 1 … yes, they’ll give you all the rope you want to hang yourself if
that’s your desire! … and while I haven’t traded any gold for “The Syndicate” as
of yet cuz Bitcoin has provided plenty of necessary trading action, don’t fool
yourself, there will come a day when Bitcoin slows to a crawl for a while and
becomes difficult to make a buck, and isn’t it a good idea to have a “Plan B’ if
that happens? … or, gold just catches fire … the downside to trading BTC is
margin levels have been lowered considerably … most places now limit BTC and
other crypto to 10 : 1 leverage … if gold is “moving”, higher leverage makes it
potentially as profitable as BTC … and while gold can get plenty bat shit crazy
[BSC], to say it carries more risk than a BTC position is ludicrous on its face.
And while I could be wrong [is that possible? … bwahahaha!], I don’t think for a
second the ChiComs will allow for a bear market in gold, after promoting the shit
out of it to over a BILLION PEOPLE … the physical market will be very well
supported by them and others [Ruskies, Indians, etc.], meaning price declines
will be few and far between … sure, they come fast & furious when the specs get
too long and need to be shaken out, but the scumbag bullion dealer banks ain’t
on the “short gold bandwagon” any longer … given the new rules, their paper
shorts can be ported to physical in a heartbeat, and now what? … the only
question is how the “gold cartel” [LBMA, CME, FED] plays the market, and the
“when” [not if] they strike … as we saw on Friday, it comes after changes in spec
order flow.
And this changes the dynamic of how gold trades in this new “FED VERSUS
EVERYBODY ELSE” we see now unfolding almost every day, as de-dollarization
becomes more mainstream around the world, and as the BRICS develop their own
financial system WITHOUT dollar hegemony … gold is a cornerstone of that, and
they aren’t gonna let the Lounge Lizards get their wish … as such, gold’s path
forward looks very limited to the downside, while the upside looks infinite … I
don’t wanna trade gold from the short side at all, cuz it’s too easy to get trapped,
and then you get to watch it crawl higher on ChiCom buying, or dealer buying to
get rid of longs.
Directly below, this week’s 20 Day Range MA’s for selected markets.
Onto the week … OUTTA HERE … “The future’s so bright I need 2 pairs of
sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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