LET’S PLAY WHACK-A-MOLE

 

“Oh look! … I’m trying to TRADE manipulated financial markets!”

Well, some things never change … “Chuckleheads” buying gold overnight, like 

they almost always do, then expecting New York to pick up on this theme and 

move it forward still … and although NY has done this 3 out of the last 4 days, 

expecting this abnormal behavior to continue is downright moronic … fact is, 

over 90%+ of the time, New York fades Asia and early Europe … and all we’ve 

really seen so far is dumb luck … remember, EVERYTHING, no matter how stupid 

or moronic, has to eventually work and yield profit.

Add to this, we start the New York day in gold with a $10+ range … and as I’ve 

taught for decades, this has a very high probability of not seeing the range 

expanded much, if at all … and thus, it yields a pretty crappy day most times. 

Combine it with 1) this is the 7th day in a row gold is higher, 2) the Chipmunks buy 

it heavily again overnight, and 3) $10+ range coming in, and it doesn’t look good 

on the probability wave function scoreboard … so far at least, a very low New York 

session gold range.

Of course, time will tell if this mini explosion in gold has legs, but 2 things are for 

sure; 1) yesterday’s action shows you how tenaciously scumbag bullion dealers 

are in defending the 1340 -1350 price zone, and 2) sooner or later, as the fiscal 

position of the world deteriorates by the day, and people discover gold again, 

gold will rally … as I’ve said many times, gold only matters when it does, and the 

clock is ticking to financial Armageddon with the U.S. & China leading the way into 

the abyss. If not price gains now, then we are just that much sooner to the party 

starting in earnest.

So while gold sits and diddles around today [so far], as I said yesterday, I’ve had 

it up to my eyeballs with the overt manipulation of the U.S. stock indices … market 

does not trade, and with the BS shenanigans of the LP’s where they manipulate 

the bid/offer spreads daily, and the slippage and latency issues are horrendous, I 

am simply flushing these markets down the toilet … if you trade them, you will 

regret it.

Late morning and gold drifting … doesn’t seem to be any interest in anything 

today, cuz nothing is moving now that we’re in the New York session 

… manipulators gotta be manipulating. However, as time goes by, gold is crawling 

higher towards its “Maginot Line” of 1340 - 1345 … several times we’ve seen a 

move up here from early this morning, and every time it gets rejected … like I said, 

the force is strong among banks to defend this level. Watch total hell break loose 

if we break it on the upside and take out 1246 - 1250 with any conviction … see 

how fast the world wakes up to clueless government central banks and their 

idiotic policies.

And speaking of idiotic policies, Fed Pie Hole Williams is speaking and telling the 

world the dangers of low inflation … EXIT QUESTION FOR THE FED TWIT: “Since 

when is it “dangerous” for no inflation? Inflation robs people of wealth and 

debases the currency … I’m not saying deflation, just no inflation and rising 

prices … what’s wrong with STABLE”? … clueless, absolutely clueless.

After 1 PM EST, and the scumbag bullion dealers are breathing a sigh of relief, after 

another assault on 1340 is thwarted and beaten back with more selling … it will be 

interesting to see if the “Chuckleheads” in Asia push their luck tonight, and 

whether or not somebody decides to take profits before the weekend that can 

bring anything … the market is certainly ripe for it, but that doesn’t mean we’ll see 

it … as always in gold, if you buy rallies you’re asking for trouble.

Looks like tomorrow could be interesting, cuz we got NFP at 8:30 AM EST, and 

given what happened with data on Wednesday with ADP private employment, will 

the Dept. of Unicorns & Fairy Tales give us the same numbers? We’ll see … until 

tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

 

WHEN DO WE GET TO SEE THE REAL GOLD PRICE?

 

One look around the world, and at least simply from an economic/financial 

sense, some questions have gotta be asked, “Exactly when do we get honest 

markets in the precious metals? … with new QE about to be released en masse 

from helicopters in major economies, how long do the bullion banks have before 

SHTF? … cuz one of two things has to happen; 1) they either go “belly up” 

being short and getting stuffed, or 2) they tell governments to kiss off and they 

start to get long … either one is uber bullish for gold”.

Cuz as we start 2019, one “fun-dur-mental” fact emerges quite clearly, and 

that is that the math can no longer be ignored … some more zeros and 

commas in the debt book, and lo & behold looky here … this years 

INTEREST DEBT on the country’s public debt will EXCEED the entire U.S. 

budget for 1981 … remember 1981? … with the way the math tends to go

exponential, where’s this gonna be in 2040 or 2050? … and you expect Pols 

& Apparatchiks to solve this? … by all means, put the Bernie Bro and/or 

“Occasional Cortex” on the spot and ask them … and then come look at this 

gorgeous beachfront property I have for sale in Kansas … I can give you a 

great deal mi amigo!

Gold looking & feeling tired today … some light stops hit off very early in the 

day, but the rebounding action tells me the trade is long and there’s a bunch 

of folks that need to get cleaned out first … simply too many longs in the 

market up here, and in addition to that, the bullion banks are more than likely 

to treat the 1345 - 1350 area like the “Maginot Line”, that the French thought 

would protect them from the Germans prior to WWI … “it did for a while, but 

when the dam broke, the gig was up and the French complete toast” … more 

than likely the same thing will happen with gold, and a power move through 

1350 will set off alarm bells the world over … and from there it could get 

quite ugly on the upside … but until then, expect the scumbag bullion dealer 

banks to “sell, Mortimer, sell”! … at this point, unless they’re willing to flip, 

they got no choice in the matter.

Fresh off the very early morning low, the market pops and we profit. Since 

then, though, not the same kind of downside action I want to see to get long 

again … we had another buy signal as well, but action at that point had 

slowed dramatically, thus volatility was low and the trade negated … and 

nothing has improved since then either … as I write, simply chop at lower 

levels, with almost no attempted moves higher, and this tells me we have 

more downside to go, either today or tomorrow.

Range again today over $10, so I’m liking that, but for most of the day the 

flow of the trade is horrible … it slows down to a trickle, where the usual 

suspects control price and start quoting mystery ticks and producing mini 

stop hunts that go nowhere. I’d like to see better daily action in New York, 

cuz it’s still quite pathetic.

In any event, onto tomorrow … I’m outta here … until then mi amigos 

… Onward & Upward!!

Have a great day everybody!

-vegas

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