First some perspective, and the falling dominoes that bring us to this point in
history … this coming “apocalypse” starts almost 60 years ago … in June 1963,
then Preezy JFK signs an EO [executive order] to basically end the FED’s ability
to print money and lend it to the U.S. Government, in effect directing the U.S.
Treasury to issue $2 & $5 “silver certificates”, with introduction of $10 & $20
coming later … a few months later JFK is assassinated … LBJ, the most corrupt
POL in modern history, escalates the Vietnam War, starts QE to pay for it, and
foreign central banks start showing up at the “gold window” and wanting to
exchange depreciating dollars for gold bullion at $35 / OZ. … 1971 sees Nixon
repeal the gold standard, and here we go … 1975 sees gold & silver futures
contracts born, and so the corruption begins in earnest with paper gold & silver.
Fast forward to today, and nobody has any idea if the U.S. has the gold they say
they do … ditto for other central banks as well … meanwhile China, Russia, India,
Poland, and many others are stockpiling physical gold at a record clip … and
who knows the financial “scumbaggery” and total chicanery large banks are
responsible for better than the BIS [Bank of International Settlements], the
central banks “central bank” … and with the world coming within a literal “hair of
the dog” end to the financial system in 2008, these guys know corruption when
they see it, and know since ‘08 banks are not in good shape financially … and
so in 2014, the Basel 3 proposals by the BIS, the regulators regulator, were begun
to “root out” systemic risk” in banks balance sheets, to avoid the almost world
disaster of 2008.
So Basel 3 isn’t something that started a few months ago, it’s been in the works
for 7 years! … and quite frankly, after wading through it, my take is it does away
with bank trading desks in gold, silver, and commodities cuz they are too risky
to the “system”! … and that means no more “Comex Con Game”, no more LBMA,
and it’s gonna change the landscape of trading in EXACTLY 4 WEEKS TIME!
… and while the cynic in me says “I’ll believe it when I see it”, there simply is NO
TIME LEFT ON THE CLOCK FOR CHANGES TO BE MADE, and it’s gonna go into
effect on July 1, 2021 … and every scumbag bank LP that makes markets in
commodities like gold, silver, crude oil, etc., is gonna be forced to SHUT DOWN
OPERATIONS OR FACE SEVERE FINANCIAL PENALTIES from regulators … and
I don’t think the banksta’s are gonna be willing to pay that … “where the hell does
that leave markets”? … trust me, this isn’t simply a rhetorical question! … and
what does this do to COMEX, where the major players are about to close shop
forever?
One thing I think is very clear … gold & silver are about to explode into
“volatility hyperspace”, and without bank selling cuz of the FREE money from
the FED via CNTRL-P, the only sellers will be mines and/or producers of gold
selling future production … weigh that against spec demand, jewelry demand,
along with China & Russia buying, and you end up with a formula that makes
Bitcoin’s rise look like a blimp on the chart! … sure, some dumb ass central
banks [hello FED?] could threaten to sell reserves into the market, but 1) do they
even have the gold anymore to sell?, and 2) even if they got it, when it’s gone
you’re screwed! … so now, when there ain’t any more bullets in the gun,
whaddaya do?
Both the FED & ECB are trapped … exploding balance sheets filled with shit
nobody but them would ever buy and call an “asset” … with the gold they SAY
THEY OWN, what if you woke up one morning in early July 2021, and gold is at
$50,000 per OZ.? … preposterous you say? … that move would “balance the
books” and pay off the national debts in one fell swoop! … this is as much about
SAVING THE ECB, AS IT IS BAILING OUT THE MORONS AT THE FED! … back to
square one, here come the digital central bank currencies backed by gold, and
the scumbag banks like JPM, Vampire Squid, and others find themselves in a
world where nobody but nobody needs them any longer for anything … MY
ADVICE TO JPM & SQUID MANAGEMENT: “learn to fucking code scumbags”!
And while some may think I’m dreaming, the probability of this ain’t ZERO either!
… the world is a very wicked place, and in it wicked men & women do things to
survive and move on to the next scam … friends one day, bitter enemies the next,
and if you have to go for me to survive, so be it without hesitation … cuz bottom
line is this … no central banker wants to be there when the system defaults and
goes “TILT”, cuz they understand who will get the blame and maybe, just maybe,
heads get separated from shoulders in the process, either metaphorically or
literally, cuz to them what’s the difference? … SADDLE UP, THIS RIDE IS ABOUT
TO GET REALLY INTERESTING!
The sun is coming up in New York, and things are so quiet it’s scary … I mean,
WTF is this? … trading paralysis brought on by the above? … even crypto
crawling, with the worst overnight trading action since before the big run up last
Fall … is everybody scared to do anything? … it sure as hell seems like it! … and
I can’t imagine this is very healthy for “Stonks” at these nose bleed levels either,
cuz if QE gets cut, which it most assuredly will be sooner rather than later, there’s
no “funny money” left for “Stonks”, and oh won’t that be interesting as well!
Oh nice, after 14+ hours of complete bullshit, gold goes from a new low of the day
to a new high for the day within about 30 minutes or so … another “speed of light
… crickets” experience I guess we should get used to … what utter horseshit,
and I expect it’s about to get much worse in exactly 4 weeks time! … is trading
gonna get “redefined” in 4 weeks, to be more like crypto in a FREE environment?
… and if what for the goose is good for the gander, how can the FED continue with
its “Plunge Protection Team” [PPT] and the manipulative bullshit that goes on
daily in “Stock Bellies”, while the super regulator says it’s all too risky? … the
world is about to dive into a very big mound of dinosaur shit, which I’m not sure
it can ever escape!
And as we work towards the NYSE open, here we are again with the “Wall Street
Grifters” getting ready to screw the Chipmunks at the open … these Dopes are
easier to play than the Chuckleheads in the Asian session, where every single
frickin’ day their “first 5 minute buy orders” get raped by the virus scum sitting
on Wall Street bank desks, cuz the banks tell their traders when they see the
orders come in to buy premarket … they go buy futures in anticipation of this,
and Presto!, filled at the high … and while you might think it’s a slam dunk to
make money on this, just look at yesterday’s open and imagine your fill when
the “red” showed up right after 09:30:00 … being retail spec, you ain’t gonna like
what happens next.
The only plausible explanation for markets’ complete lackluster apathy at the
moment, is that we’re smack dab in the middle of the eye of a CAT 6 Hurricane
… Call it “Hurricane Basel” … I don’t see how things can remain “status quo”
going forward … right now, though, it’s a far cry from that as nothing is moving
anywhere as we approach NOON in New York.
This isn’t a rhetorical question … have you ever seen deader markets with so
much shit being stirred in the pot that should create MOAR volatility not less?
… I’ve seen Christmas Eve half days more active than this … here in the New
York afternoon, gold with a whopping $13 & change range, and the DOW30 just
barely 200 index points … there’s no way to sugarcoat this, it’s a disgusting pile
of shit, thank you very much manipulators!
Only one algorithm trade signal in gold today … TURNKEY PAMM UP SLIGHTLY
LESS THAN 0.1%
It was a good signal, but with VIX scraping the bottom of the ocean, the market
has got nowhere to go unless VIX picks up and/or range expands … and neither
happens, so it is what it is … good grief, gold had bigger ranges 30 years ago
when it was at $500 … just a pitiful excuse for a market, right along with silver
that is worse than gold in terms of trading action … can’t wait to see what
happens to silver when July 1 comes along, and the bullion banks go
“buh bye”!
Over in crypto land, no trades today for “The Syndicate”.
Just when you thought the alt-coins couldn’t get any worse, along comes today
and the range in TRX is LESS THAN 100 TICKS, and the range in ONT is about
650 ticks … sorry, not touching this shit when it’s as dead as a doorstop, cuz it’s
just a recipe for losing money, and I have no intention of giving one frickin’
penny back to these clowns … watching BTC get slaughtered was bad enough,
but losing money in chop isn’t something I do … I simply wait it out.
Can’t take another second of this crap or my head blows … outta here,
until tomorrow … “the future’s so “GOLD”-en bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
