Taliban Joe in Israel and gold is up about $20 overnight … “Gee, think anybody
but me is nervous as Hell the world’s biggest Idiot is about to step in it, and
bumble us into WWIII?” … hasn’t fucked up yet that I can see, but it’s early yet
… they got him all pumped up with every stimulant known to college students
prepping for final exams … however, that can’t / won’t stop him from fucking up
somewhere / somehow, unless there’s a “bigly & yuge” press blackout and
coverup, which given the Banana Republic’s reputation these days, is entirely
possible if not probable.
Now gold headed towards 1950 & maybe beyond that, but again with rates up
above 4.8% on the 10 YR. and looking awful “sticky high” for now, how much
more escalation does it take for liftoff? … as always, it’s a function not of the
news but of spec positioning versus bullion dealers & the FED … when the
whole world gets long out their collective asses, look out below!
We are coming very close to the arrival of the ultimate “come to Jesus moment”
for the Banana Republic, its Sheeple citizenry, and house of cards financial
system … kicking the can down the road ain’t gonna work for much longer
… political leadership in the Banana Republic is completely void, corrupt,
inefficient, and broken beyond repair … current Clown College hilarity
notwithstanding, at its base it’s pathetic to watch … then there’s the Doofus
Biden and his group of Communists, Socialists, and general Fuckups from
the “Free Shit Army”, and is there anything more hopeless and depressing
than this bunch of corrupt parasites? … math doesn’t lie, and despite gold
rallying to the 1950 area via the geopolitical headlines, maybe there’s a very
good chance that’s nothing but a ruse … spending TRILLIONS, PAYING
INTEREST ON DEBT NOW INTO THE TRILLIONS, AND HAVING RATES GO
NORTH AS IT ALL COMES DUE, CAN’T BE SUSTAINED! … and when the 10 YR
gets above 5%, “TILT!” is at hand! … in other words, the POLS & Apparatchiks
have cheated the fiat system to the point where there isn’t one bit of wriggle
room before the entire system goes “TILT”! … and gold knows it … so does
Bitcoin … which as i have said before is why government at all levels HATES
BOTH WITH A PASSION, cuz it can’t be cheated and corrupted, nor controlled
… granted, WWIII and whatever that brings would only worsen a situation that
is already out of control and make it “worse-er-er-er”, and until everything
breaks, don’t expect Dipshits like Biden or the Clown College too even sit up
and take notice of the destruction around them … but the destruction is here
and happening NOW! … and if gold can’t break with higher rates, just imagine
what’s next? … quite frankly, without FED intervention with other central banker
scum & the BIS [Bank of International Settlements], I envision gold trading like
Bitcoin down the road … it’s only a matter of time.
And just like that, a whole bunch of people found out that sell stops don’t
protect anything except a fill at the bottom from the scumbag bullion bank
… “yes, here’s your sell stop order you had in at 1949, and the fill is at 1943 &
change … always here to serve! … thanks, come again!” … and it’s why, as I’ve
said before, when gold gets on its “high horse” and starts wildly galloping
upwards willy nilly with ZILCH corrective activity, the only thing to do is wait ‘til
the Rubes get burned, and then go from there … cuz all of those little scalps or
trades you made and thought you were a genius? … well, they all got taken away
in seconds on ONE TRADE … that’s the reality, and it sucks, but that’s gold and
how it’s been operated for decades by the scumbag bullion banks.
This entire day in gold has the smell of a short term “TOP” … how long it lasts is
up in the air, but the Rubes did get burned on their longs, the scumbag bullion
dealers bought the sell stops, and more importantly gold rallied FIRST, then
broke, not the other way around, which smells like a short term top might be in
place … and with rates above 4.9% on the 10 YR, and looking & feeling they got
a ways to go above 5%, unless we start seeing “bigly & yuge” hostilities emerge
real soon, I certainly don’t like golds chances from here just yet, without more
pullbacks and screwing of longs … gold has a violent history of wild gallops to
the upside, pick your reason & season, and then you know what happens next!
… quite frankly, I don’t wanna see that this time around.
Straight up / straight down / straight up … thanks for playing! IMHO, not the
kind of day, with a “bigly & yuge” range to boot, the kind of trading action
conducive to profit … when gold gets like this, forget scalping, your only hope is
to day trade it with open ended risk … with that sharp move up to the 1960 level
early, right after the criminal money laundering NYSE open for “Stonks”, we
needed to see the Rubes get destroyed, which happened today … no gold trades
for the PAMM today, we’ll look for trades tomorrow now that sell stops have been
hit … over at IQCENT, some BTC trades for “The Syndicate”, as I shifted scalping
to BTC from EURUSD with the rise in rates … “The Syndicate” UP
APPROXIMATELY 0.3% on light BTC volumes … still would like to see better
ranges in BTC, and ultimately a move above 30K that holds … that would
bring in volumes “bigly & yuge” … 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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