HOW DOES GOLD GET ITS “MOJO” BACK?

 

“Yea well, gold sure needs somethin’ to save its sorry ass … gimme some!”

You can almost set your clock to it … “it’s that time of day when the sun comes 

up over New York, and the early birds on Wall Street turn their machines on 

… time to squelch gold, offer it down, and generally make sure it’s dull, listless, 

and counterproductive from what has happened during the first 14 hours of the 

day … simply put, make the market as choppy as can be, and force traders to 

puke no matter their position long or short … welcome to the most overt 

manipulated market on earth … some days it makes the SP500 [another beauty] 

manipulations look tame by comparison”. How long the world allows this 

bullshit to continue, I can only guess at, but the clock is ticking to the time it 

won’t work anymore.

Cuz you realize, with world debt among developed countries skyrocketing 

past $280 TRILLION Dollars, with more added every week through various 

horseshit central bank QE schemes to prop stock markets around the globe, 

and only about 180 million Oz. of gold EVER MINED, that comes out to 

about $47,000 per Oz. for each Dollar of debt! “And if you somehow think this 

debt is ever gonna get paid down, let alone diminished, I got some prime 

beachfront property in Kansas I’d like to show you”! So yes, the FED, BIS, 

Ruskies, Indians, & ChiComs can hold it down for a while, but inevitably the 

math is gonna catch up and spring reality “bigly & yuge” upon the masses of 

the world … and right now, even with the small rally seen since November 

2018, gold is by far the MOST under owned & least appreciated asset class 

going … “especially among Sheeple in ‘Murica, where the vast majority 

wouldn’t know a “Maple Leaf” from an “Olive leaf”.

So yea, we all know what the future holds … we just don’t know when. Cuz 

when SHTF, it will happen so quickly and trap many, the price increases will 

make eyes water … and that’s the reason we focus on gold and that’s the 

reason the PAMM trades gold, especially from the Long side … up ‘till now, 

though, it’s been nothing but a steady drip of manipulated bullshit, where 

90%+ of New York session days aren’t even worth talking about … then 

comes the explosion on news, and gold has blistering $20+ ranges … and then 

it’s back to more horseshit, manipulative behavior by the ChiComs and their 

BFF’s, the scumbag bullion dealer banks. My best guess is, that’s about to 

end when SHTF, either fiscally or politically sometime in 2019 … “the world 

Ponzi scheme led by the U.S., suppressing gold & at the same time propping 

stock markets, can’t be sustained … and won’t stuff get interesting at that point 

when the world wakes the fuck up”!

NFP report comes & goes … more “Flying Wedge of Death” [FWD] bullshit, 

that we all know comes with very tight ranges … throw in the report from the 

“fairy tale crowd”, and it only adds to the uncertainty. “Seriously, it’s action 

like this that makes me want to shovel shit out of the lions den at the zoo for a 

living … with the lions in the pen! … won’t rally, won’t break, just the same old 

bullshit we’ve come to know and expect out of New York 90%+ of the time … Oy 

is an element best avoided”!

Did gold even notice that it’s “open”? … geesh, what a bucket of shit from a 

trading perspective … “DO SOMETHING WILL YA”!! And while I’m looking 

to buy breaks, you simply can’t buy breaks inside very tight ranges … from a 

historical perspective, what kind of sense does that make? … I literally risk 

dollars to make pennies, and that’s if I’m right!

Meanwhile, the stock market Ponzi scheme continues unabated, pushing the 

SP500 slowly higher, thereby pushing USDJPY higher, and should … should 

… cause gold to go lower, but it ain’t … today we’ve seen some very light 

pressure, and some sell stops hit off on a new low after a new high, “cuz you 

know, the FWD is chopping traders to bits with the momentum bullshit, but still 

we’ve only got a $7 range for the day … from a total market perspective, this is 

really quite pathetic, as we should be seeing $15 - $20+ ranges in gold every 

“Hoover Dam” day”.

Almost Noon in New York, and quite frankly given the trading action, it’s 

nothing but trouble for anybody even thinking about trading gold … the 

bid/offer spread at Turnkey continues to be a joke, priced like we’re seeing 

$25 ranges and dollar moves within seconds … just another attempt to 

implement the “trader tax” I’ve written about before … and even if you’re 

looking at a spread of what looks like something approaching reasonable,  

“go ahead and push the button for a 1 lot [100 oz.] or more and brace yourself 

for a big heaping stinking pile of “slippage candy”, delivered fresh right to your 

account … good luck”.

No trades in the PAMM today, as this stuff offers risk but very little reward 

going into the weekend. We’ll pick it up next week and hope the trading 

action is better.

NEAR THE NYSE CLOSE: “Can gold trading get any more pathetic than what 

we’ve seen this afternoon … first a sell stop hunt, with high bid/offer spreads and 

literally zero movement afterwards … oh, wouldn’t you love to be a scumbag 

bullion dealer in this mess … and don’t forget the “slippage candy” those honest 

& upright Turnkey LP’s are handing out [cough, bullshit, cough] … is it any 

wonder traders throw up their hands in disgust and walk away from this shit? 

… and no, it’s not a rhetorical question … now you know why I don’t like Friday 

afternoons in gold … it’s Squid & the boys and you don’t have a chance 9 times 

out of 10 … as someone who has traded gold since the modern era of trading 

began, adjectives can’t describe adequately just how pathetic this trading action, 

or lack thereof, actually is … this stuff had better ranges and better trading action 

when price was in the 400’s 20 - 30 years ago … truly a frickin’ mess, with the 

NYSE day [6 ½ hours] seeing a $2 + change range … good grief”!

Blog update on Sunday … until then mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

 

SUNDAY UPDATE: WHERE’S THE COVERAGE?

 

click to enlarge & read caption underneath

“Where’s the coverage of this in the U.S.!?”

The pic above is from a foreign website reporting on the riots in France this 

weekend, which not incidentally have been going on for 11 straight weeks 

… “is this the beautiful Paris they want you to think exists? … why no coverage 

from any U.S. MSM? … why no CNBC or Bloomberg coverage? … this guy hits 

the nail on the head, as he rightly knows that the Elitist scumbag LP banks, both 

in France, Europe, Asia, & the U.S., are directly responsible for a much lower 

standard of living across the world of the “middle class” … the looting of the 

world by banks, where the “booty” is dished out to Pols, Apparatchiks, 

Regulators, Exchanges [all of them], and Brokerage House Execs … the riots in 

France have gone way beyond fuel taxes to fight “climate change”, the biggest 

scam in the history of the world, and now encompass ridding the world of elitist 

parasites who feed off the middle class”.

And nothing … NOTHING! … feeds off the public at large bigger than the 

TBTF [Too Big To Fail] & TBTJ [Too Big To Jail] scumbag Banks, who are 

nothing more than societal parasites. And where there’s one parasite, there’s 

bound to be other parasites hanging around as well … did you ever see just 

one cockroach in a kitchen? … “well, where’s the biggest pool of money in the 

world sloshing around every day? … what trades in excess of $7 TRILLION 

Dollars per day? … where can you go to easily “skim” money off the top, and 

pay off everybody who matters so the “game” can continue unabated? 

… besides traders, who the public at large gives “zero fucks” about, who’s 

gonna stop the stealing and scamming in financial markets”?

Certainly not the exchanges, who are more corrupt than the Mafia ever 

thought about being … “if only Vito Corleone had known in his day 

… somewhere he’s crying … somebody go ask a former REFCO or MF Global 

customer how the various exchanges protected them from fraud, and get back 

to me with the startling news … see my shocked face being shocked … on how 

they got fucked … or, go ask the kid living in his parents basement, and now 

awaits trial, for “spoofing” the emini SP500 futures contract … seriously? 

… meanwhile Virtu, Citadel, and other high powered hedge fund HFT’s who 

spread millions around, like change in your pocket, buy access to CME servers 

for quicker trade times, above and beyond what you can have, can spoof the 

market with impunity, and that’s OK? … but the kid awaiting trial, his crime is 

simply he didn’t pay the right people … or, how about “market makers” or 

“liquidity providers” in general, no matter on which electronic exchanges or in 

the offshore spot market, who every second of every day are fucking somebody 

with a shit fill and pocketing the true difference … where does that money go? 

… to ask the question is to answer it”!

Certainly not the regulators, who haven’t prevented a single fraud in their 

entire existence, who sit around all day and watch midget porn on office 

computers, and are worse than useless … certainly not the Pols or their 

alphabet soup government agency Apparatchiks, who get wined and dined by 

the exchanges & banks HBA FUNDS … yes, that would be the Hookers, Blow, 

& Alcohol money funneled to them through various political PACS, set up by 

weasel lawyers with the intent to evade illegal & immoral activity … if you 

don’t pay up, you find yourself suddenly in the spotlight, where it can get ugly 

quickly … go ask Bear Stearns & Lehman Bros. how 2008 turned out.

All of it connected by money … money scammed from markets, markets we 

all trade. And their isn’t a single one of us who doesn’t, at some point, 

contribute involuntarily to this “trader tax” imposed upon us by the Elites, 

who protect themselves through layers upon layers of lawyers and the 

participatory scumbags mentioned above. The people in France finally  

“get it”, and they’ve fucking had it with the globalist agenda of feeding the 

Elites at their expense, and then watching as they give the country away to 

illegal immigrants. The guy in the pic “gets it” … despite the anti-American 

media, when do the people in the U.S. wake the fuck up and do the same?

In pretty much all Western democracies, over the last 20 years, the  

“middle class” has suffered the most in terms of falling incomes, rising 

expenses, and a lower standard of living … what a coincidence that in that 

time, high speed internet and worldwide connectivity of financial markets 

has skyrocketed … “it isn’t a coincidence that the amount scammed by the 

Elites has mushroomed like a virus on the public”.

Which brings me full circle back to gold … the longest running of the 

manipulated markets since 2012 … where’s the financial MSM coverage of 

the FED & BIS [Bank of International Settlements] manipulation? … where’s 

the current outrage over what the ChiComs are doing? … again, where’s the 

financial MSM coverage? … “who wants to see their livelihood ended 

prematurely? … Bueller? … Bueller”?  Right now, your choice to trade gold is 

either the utterly corrupt COMEX, or not far behind the LBMA [London 

Bullion Market Association], who just recently stopped providing daily 

volumes … again see my shockingly shocked face. And if for some reason you 

think I’m “off the mark” just to to the GATA.org homepage and educate 

yourself.

Directly below, the updated gold & SP500 20 Day Range MA’s.

 

click on ANY chart to enlarge

 

Both show declines, and can you imagine where gold would be if it wasn’t for 

Friday’s $24 range? … Ok, we’re over 1300 on a close, not only on the daily 

charts but the weeklies as well … now what? … do the Chicoms let it go 

higher, or do we simply go back into a different range, but with the same kind 

of trading behavior we’ve seen for the last 3 weeks? … well, we’re about to 

find out.

The takeaway from Friday shouldn’t be it closed over 1300 … the takeaway 

should be the trading action was better … this is the kind of action we need 

to consistently see, but I simply don’t think the Chicoms are going to allow it, 

unless they are happy with their current physical supply of gold and they 

back away from manipulating the market … until next time.

Have a great rest of your weekend everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!