Most important econ number evahhhhhh!, gets released today by the “can’t get a
job in the private sector”, math whiz kids over at the “Brothel of Labor Statistics”,
which is simply a Goebbels subdivision of the Department of Unicorns & Fairy
Tales … cuz you know what you need Skippy? … you need government to tell
you what the consumer inflation rate is, cuz you’re to frickin’ stupid to even know
what day it is and you need their help … strip out of the inflation equation
everything of importance in your life that matters, like food, energy, & health care,
and Biden and his sycophant Dopes will tell you with a straight face, “inflation?,
what inflation?”
Inflation, though, is blatant GOVERNMENT THEFT! … this idea that anybody or
any entity creates inflation is pure government propaganda … INFLATION IS
MONEY PRINTING, AND WHO IS IN CONTROL OF THE CNTRL-P MACHINE THAT
GOES “Brrrrrrrrrrr” 24/7/365? … the FED Lounge Lizards of course … and since
they’re all government Hacks & deserve Apparatchik status, they are the ones in
charge of making sure your labor is worth less & less every single month, while
at the same time expanding financial bubbles all over the world via money
printing … and as I’ve said before here on the blog, the first 140 years of U.S.
history, the U.S. had ZERO INFLATION CUZ THE DOLLAR WAS BACKED BY
GOLD AND SILVER … since the creation of the FED in 1913, and up to the end of
June 2023, the inflation rate for the U.S. has reached 3,000% … and it’s getting
worse, worse-er, and worse-er-er-er by the day / week / month … these
Apparatchik Assholes are destroying the middle & lower classes in the U.S. AND
THEY KNOW IT! … it’s been the plan all along, it just takes time … cuz what
comes more natural to government than blatant theft of your wealth & prosperity
for the sake of “the children”? … but no worries, typewriter ribbon, pencils,
horse shoes, & buggy whips have all fallen in price, so that’s a relief.
Well, that escalated quickly didn’t it? … gosh, inflation surges higher, who could
have ever seen this coming? … the Banana Republic is so fucked it’s not even
funny! … and if you think it’s bad now, just wait ‘til the CNTRL-P machine goes
full retard “Brrrrrrrrrrr” again, and fiat borrowing skyrockets further to satisfy
the “Free Shit Army” and their demands go into high gear … and a recession /
depression will only mean much higher Treasury borrowing and resultant
inflation … and that means it’s about time for the financial bubbles to expand
like never before!
And yet, you wouldn’t know any of this if you came from Mars and just watched
gold … attitudes towards gold are completely insane … only “real yields” hurt
gold, not nominal yields that are entirely eaten up via taxes and inflation … add in
those 2 factors, and your pretend yield from Treasury paper represents your
STUPIDITY in giving government FREE MONEY while they use current
purchasing power for their own benefit, and pay you back with far less … quite
frankly, it’s GUARANTEED “I lost money, WTF did I do this for?” … and in case
you missed it, here’s a link from ZH that links to a podcast on the future
prospects for gold going forward, if you’re interested.
https://www.zerohedge.com/news/2023-09-12/expect-2500-3000-gold-next-12-
Quite frankly, I hope they are right, but not for the reasons you might expect
… sure, I’d love to see gold at +3K per OZ., cuz that would mean 1) a clean break
from FED control and manipulation from the “Rally Protection Team” [RPT], and
2) higher VIX, higher 20 Day Range MA’s, and more trading opportunities … what
isn’t clear, is whether or not the new HFT Coinexx uses for gold, will be willing to
maintain the 5 - 7 cent spread we see now … cuz if it plays out the way I think has
the highest probability, it’s a dream scenario market for us traders! … we’ll see
… and as well, which I haven’t mentioned before, are the trading opportunities in
silver with a ½ penny spread … and given the dynamics of silver, it should be
about 10X more explosive than gold and replicate Palladium when it took off a few
years ago … I’ll have the mq4 vegas code for support / resistance for silver on the
m15 & m1 for the MT4 this weekend on the blog update … with a ½ penny spread,
even considering this is the MOST MANIPULATED MARKET IN THE WORLD BY
JPM & HSBC, that routinely have over 50% of the short interest in futures at any
given time, it still moves enough that with this low of a spread it’s a viable
trading vehicle once again … right now, its NY session 20 Day Range is ~ 35
cents per OZ., down from a multiple month long range of around 45 cents per
OZ. … better range days hopefully dead ahead.
ECB interest rate decision coming tomorrow, and as a result, the entirety of FX
is on “pins & needles”, cuz guru analysts are calling a rate rise a 50/50 event … a
few weeks ago it was a slam dunk rate rise … so for the entirety of the day,
EURUSD with about a 25 PIP range, USDJPY not counting the utter insanity of
the first 20 seconds after the CPI release with about a 30 PIP range, gold weighing
in with about a $5 range … and just for shits & giggles, crude oil with about a
$1.25 range … mind you, this is over 6+ hours of mind numbing dullness, where
listening to doctors office music seems invigorating … I mean, how can this shit
they call “markets” [cough, bullshit, cough] get any worse? … and while I
welcome lower spreads from an HFT, what the manipulators have done to VIX
across asset classes is sickening … Hell, even crypto stinks!
Once again, and not by design I can assure you, no trades today in anything
… what the Hell is there to do when nothing moves? … and if it does move, and
you get a “false positive”, how do you make it back with little to no further
movement? … I thought maybe the CPI would move things, but even a miss with
higher inflation didn’t do Mr. Jack “Diddly” Squat … FED next week and that
means Monday & Tuesday up to Wednesday at 2 PM EST most likely will be a
“snoozefest” … dunno yet, we’ll see, but it doesn’t make me feel very good
about trading conditions given what we’ve seen this week … seriously, this
sucks … and gold? … $4 & $5 ranges I truly thought were a thing of the past
… apparently not … simply unreal the level of non interest … onto tomorrow.
… 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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