TRUTH, TIDES, & GOLD

 

“Government as Santa Claus … I want my free shit … Now!”

My favorite “crony capitalist” Uncle Warren [a/k/a Warren Buffet], once 

quipped, “when the tide goes out you get to see who’s swimming naked”. He’s 

right up there in the “vulture capital class” Hall of Fame. However, closely 

behind Uncle Warren, are the Ruskies & ChiComs … “cuz ain’t nobody better 

at lying, stealing, cheating, and ultimately getting what they want by “hook or 

crook”, than stone cold capitalists posing as Communists”.

What do the three [3] largest countries on Earth, which are China, India, & 

Russia, and which easily make up at least half the entire world’s population, 

have in common? … their love of gold as money. And while the rest of the 

idiotic world chased the latest & greatest NASDAQ story stock, pushing it to 

levels of pure lunacy [e.g., Tesla over $400 per share], what are these 3 

countries doing? … “that’s right, stacking more of the yellow stuff”.

Cuz the dirty little open secret is not very pretty … and that “open secret”, is 

that the U.S., at least financially, is nothing more than Venezuela with some 

credit left … “and the rate we’re going, with trillions of dollars of debt added 

every year as far as the eye can see, and that with supposedly fiscal conservatives 

in charge, should make everyone pause and ask, “WTF is going on here”? 

… sadly, though, it won’t … the “Free Shit Army” wants their stuff, and doesn’t 

give a fuck about anything else … Pols being Pols, they don’t want the pork 

barrel ride to be over anytime soon either”.

Armies are great … too bad they’re useless in a financial war. Both Russia & 

China are developing 1) financial tools, e.g., petro Yuan oil futures, 

2) payment systems outside U.S. hegemony, and replacing SWIFT with their 

own international system, and 3) they’re buying gold in record amounts, 

having the physical sent “home”, cuz IMHO, someday they want their 

currencies backed with gold. “And the cheaper they can buy physical, the 

happier they are … hell, it wouldn’t surprise me in the least, to find out the 

ChiComs are the world’s biggest “sell side” manipulators of COMEX gold 

futures … they push the price down via paper, then go buy the physical and have 

it sent “home” … cover, rinse & repeat as often as necessary … nice work if you 

can get it! … so what if you let the bullion banks make a few coin in the process, 

your objective is to buy physical CHEAP”! But as Uncle Warren has said,  

“when the tide rolls out …”, yes, and when it does, look the fuck out … “it’ll 

make the NDX100 rise over the last few years look like a blimp up”. And if the 

U.S. stock market is any guide, it looks like high tide was a few weeks ago, and 

the water is only starting to roll out.

What people all over the world know, that most in America don’t, is that gold 

cannot be corrupted … it can’t be cheated or inflated away by corrupt 

government, and has no third party counter risk … it simply is money. What 

the world has witnessed the last 6 years, is the largest transfer of wealth ever 

seen from West to East … and while the West digs a deeper financial hole 

through wholesale welfare schemes to garner votes, the East buys more & 

more physical … at some point, the scale tips … look the hell out when that 

happens.

I mentioned yesterday, the “tsunami” of debt by the U.S. … add to that the 

following chart, directly below.

 

click to enlarge

“Yes, I’m sure trillions upon trillions of new global debt will make things more 

stable & better for everyone … what could possibly go wrong? … as history tells 

us, the only way out of this clusterfark is massive inflation”.

Turning to today’s gold market … “exasperated longs puking … positioned 

retail specs lose, bullion banks win … again … so what else is new”? I would 

add, that since October 11th, you know, the day Turnkey forgot to feed the 

Gerbils and their MT4 platform failed and we couldn’t participate in the 

biggest range day in 2 ½ years, and the 8 minute buying frenzy that saw price 

go from 1236 to 1243 in a retail spec panic on October 26th, New York hasn’t 

seen ANY rallies of any significance … that’s 18 out of 20 days, not an 

insignificant sum of selling. Perhaps, with the arrival of the “Plunge 

Protection Team” [PPT] less than 48 hours ago in stocks during the last hour 

of trading, and now 100 handles higher in the SP500, gold longs have figured 

out, with elections looming and losses in tow, maybe it’s time to liquidate 

… seems plausible.

Again we see today an almost $9 range coming out of the Asian & early 

European session … and excuse me, if I’m sitting here wondering, “can New 

York do anything but chop around”? … cuz quite frankly, this trading action of 

late is pure bullshit … it’s almost as if, the bullion dealers are intentionally 

chopping up traders for their own benefit … NAH! … that’s tinfoil, conspiracy 

shit … they wouldn’t do that … would they”? So, the $64,000 question for today 

is, can New York move? … anywhere! … just frickin’ move!

Noon in New York, and outside of cleaning out some more long positions near 

the open, and basically becoming a second derivative of the SP500, again 

today, unless something dramatic happens in the P.M. afternoon which I 

doubt, we got another shit day of a tiny range, and erratic price action, and a 

market that can’t go anywhere when New York is open … “quite frankly, after 

the election Tuesday, this shit better change or I’ll trade Asia and tell New York 

to intercourse thineself … this is worse than effing pathetic”! Seems they got no 

problem putting in ranges and moving price in Asia … but let New York open, 

and it’s effing goodnight Irene, the dealers take over and this stuff can’t move 

to save its miserable life … simply terrible trading conditions in XAUUSD 

today, and the last 2 weeks.

Three algo buy signals today … PAMM down about $116.

One worked, two didn’t … and as is the case when gold turns, it’s vicious and 

it’s fast, and you got about ½ second to hit the button before it gets worse. In 

any event, it is what it is.

On a brighter note, the C2 options advisory did some more trades today, and 

has taken advantage of the pickup in gold volatility since the high around 1243 

… at today’s low, I sold some put premium, and got fantastic price on the fill 

… as those following the C2 advisory signals can see, in order to make money 

in options, you have to be 1) early, and 2) make positions work for you when it 

looks like the trade is complete dogshit, and there isn’t a person in the world 

that would do it … you do those 2 things, and you get seriously rich.

And, I might add, if you’re not signed up yet for C2 signals, details in 

 “Download Links” and ya get 3 FREE months, AND it’s only 60 cents a 

frickin’ day after that … “hell, even the dog is signed up”.

Onto tomorrow … I’m outta here … until tomorrow mi amigos. Onward & 

Upward!!

PAMM Spreadsheet directly below.

 

click to enlarge

Have a great day 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”!

 

 

 

WHAT DOES IT ALL MEAN?

 

“What? … we like shiny things that appreciate in value!”

From a post last night on ZH, that some of you may have missed … “seems 

China is taking delivery of massive amounts of gold … see my shocked face”.  

The link directly below.

 

https://www.zerohedge.com/news/2018-10-29/greyerz-china-just-took-

delivery-massive-amount-gold-london-new-york

Now, it’s not my intention to rehash the entire article, but I do want to point 

out some things I think are extremely important and relevant, to the future 

price of gold; 1) at some point in the near future, probably a whole lot sooner 

rather than later, China will begin to control gold price, 2) the Western 

bullion banks are in “deep shit” and know it, 3) there is a “ONE WAY 

DIRECTION” physical gold is flowing, and it’s New York & London to 

Switzerland to China & India, and 4) that physical gold ain’t ever 

… “EVAHHHH”! … coming back!

Currently, as we all know, the bullion banks that make up the LBMA 

[London Bullion Market Association], control the price of gold through paper 

markets like COMEX. Through their gold holdings, they lease gold to third 

parties and, of course, earn interest … “do the third parties that have gold 

deposited with the bullion banks KNOW their gold is being leased out for 

interest? … do they know the bullion banks simply have nothing but IOU’s in 

return? … finally, do they know if the gold is ever coming back, and if it doesn’t, 

how the fuck is the bullion bank gonna get my gold back to give back to me”!?

Good question Skippy, and it’s the reason fewer & fewer governments around 

the world trust New York or London to hold their physical gold, and instead 

have it shipped “home”. “Cuz when SHTF, and price goes vertical, these banks 

won’t be able to control price, or get their hands on physical at any price … and 

the very next thing that happens, is that everybody with gold on deposit says 

gimme my gold back NOW! … only it ain’t there … you got an IOU instead”.

If you’re the bullion bank, you got to be nervous here … cuz surveying the  

“lay of the land”, you got less and less of physical, and more and more of IOU’s 

at higher interest rates … how you’re gonna scramble to get physical someday 

is beyond me, especially in the hard to get 400 OZ. bars that are certified 

quadruple 9, i.e., 99.99% pure gold. “Why do you think that these physical bars 

around the globe … right now this very second, as you’re reading this … are 

commanding premiums to spot of $100 - $150 per OZ.? … EASY PEEZEE: Cuz 

the refiners can’t make them fast enough to meet demand, and/or can’t get their 

hands on physical to refine and certify the bars”!

 

The game right now, is that physical bars are going to Switzerland, then being 

melted down there and refined into certified 1 OZ. bars & in some cases 1 OZ. 

coins … from there, they are shipped by the refiner to India & China. EXIT 

QUESTION: “If you’re the bullion dealer that made the delivery, and used 

deposited gold that wasn’t yours, explain to me how the fuck you get the physical 

back anytime soon? … yea, me neither”! Cuz if price starts going skyward 

rather quickly, as it has done many times in the past, what’s your exit plan for 

the bullion bank?

NEWS FLASH! … that gold that got shipped to India & China ain’t ever 

coming back into Western hands … not at any price. Recently, in one of my 

blog posts, I asked the question, and it wasn’t rhetorical in nature; “WTF 

happens when billions of ordinary, middle class Chinese, who’ve been recently 

scammed in Chinese real estate, stocks that do nothing but go down, and a 

depreciating currency, suddenly figure out that gold is the only game in town, cuz 

it can’t be depreciated and has no third party counter risk”? To that, I’d add a 

few billion Indians … now whaddaya got?

 

“Answer: You got this guy times a few billion others”!

And now comes the uneasy moment when the COMEX is no longer the “price 

discovery” mechanism it once was, the bullion banks are busted into 

bankruptcy, and volatility and price movements in gold are gonna be “off the 

charts” … and the new owners of the game are gonna be the ChiComs … and 

“WHEN” not “IF”, the Yuan crude oil futures surpass the NYMEX in volume 

and open interest … “well, now it gets really interesting, cuz remember, profits in 

Yuan in the crude oil futures can be taken in gold bullion at the discretion of the 

account holder … somebody explain to me … exactly where do U.S. markets fit in 

here anymore, with declining global hegemony & a depreciating U.S. Dollar cuz 

there is no longer complete dominance of payment for oil in dollars anymore? 

… Bueller? … Bueller”?

So, what does it mean? … It means, at some point here real soon SHTF … and 

by analogy, as an “out of the blue” meltdown in stocks led to the “FANGS”  

getting “monkey hammered” in days, giving up gains it took months if not years 

to accumulate, the OPPOSITE is gonna happen in gold at some point … “all the 

gold market needs is a “CATALYST” to start the melt up in price … could it be the 

midterms in 1 week? Could it be a rapidly depreciating dollar cuz the FED 

reverses course? Could it be a further meltdown of stocks? Could it be the sudden 

insolvency of a bullion bank? Could it be sudden and rapid demand for 1 OZ. bars 

& 1 OZ coins, from the Chinese & Indians? … “yup to all of them and things 

nobody can foresee … that’s why they call them “Black Swans”, to borrow the 

phrase from Nick Taleb”.

Natch, it could start 10 minutes from now, or take another 10 years … I 

dunno, they don’t email me and let me know … point is, it’s gonna happen, 

and when it does, not only is the PAMM, but those in the C2 advisory signals, 

going to be perfectly positioned to take advantage … “right now, we’re sitting in 

the “eye” of the CAT5+ hurricane … you can see things aren’t right, that 

financially, this country is fucked beyond belief, and that the books of the U.S. 

are, to put it mildly, out of fucking control like a drunk going down a mountain 

road at 100 MPH in a Ferrari… trillion dollar deficits as far as the eye can see, 

and if the Libtards get back in power? … OMG, the floodgates of money printing 

& QE will be mind boggling”! Of course, the ChiComs & others don’t want to 

pay a higher price for bullion … they’d prefer to pick it up, “on the cheap”, so 

the “great game” continues with the bullion banks versus the rest of the world. 

In the end, though, we all know who wins and who loses “bigly & yuge”!

Turning to today’s gold market … “well, that escalated quickly to the downside, 

didn’t it? … seems the “Chuckleheads” in Asia & early European traders are 

puking … why should it be a surprise? …  you think they can’t see the same 

charts I put up yesterday, with 10/11 days highs getting shoved where the sun 

don’t shine”? 

Meanwhile, over in FX land, USDCNH keeps quietly threatening 7.0000 

… “you know, the “line in the sand” for said ChiComs, that we’ve been told 

repeatedly by the “smartest people in the room”, will be vigorously defended at 

all costs by the regime”? Yes, reminds me of the old EURCHF “line in the sand” 

at 1.20, that got wiped out in seconds when they changed their mind cuz they 

didn’t like throwing money away … EXIT QUESTIONS: “If we can take their 

word, then why is the USDCNH still above 6.9700, threatening today 6.9800, and 

refusing to go lower? … If I didn’t know better, I’d think the market was calling 

their bluff? … What does the market know that we don’t”? [HINT: “Wake up 

some morning real soon and find out”!] USDCNH has been higher seven [7] 

months in a row … around March 1, 2018 it was trading at 6.2400 … take an 

approximate 10% depreciation since then, and you find the rate about where it 

is now … “oh wait, doesn’t that wipe out most of the tariffs President Trump 

levied, cuz the currency is cheaper”? … Oh, it’s good to be a gansta!

Starting at the open here in New York [7AM EST.], and gold has an $10+ range 

to the downside … can 1220 get “taken out”? Will USDCNH continue 

northward towards 7.0000, which on the surface is bearish for gold, but lately 

the ChiComs have let the peg go? … was yesterday a short term bottom in 

stocks, that got saved by the “Plunge Protection Team” [PPT] in the last hour, 

and will we see the gold versus SP500 inverse correlation fall apart at the 

seams? We’re about to find out.

Almost Noon in New York, and again we see bullshit trading, with no range 

… volume is better, but since 7AM, almost 5 hours ago, all we got is a measly $5 

buck range tip-to-tip, with most of the time in a $2 - $3 range … “this is 

bullshit at its best, but I understand why it is so … nobody really wants to go out 

on a hook until they see what the SP500 is gonna do come the P.M. … guess 

wrong, and you’re toast”! Again, spikes up/down that go nowhere, then 

minutes on end of boredom, until the next SP500 panic attack, and gold 

traders react … it is what it is, but unless you wanna scalp for 30 -50 cents, 

and then get blitzed by a $1 move against you that eats up 2 or 3 of your gains, 

what the hell is there to do but watch and show discipline & patience?

OK, there’s the day … can’t even get $3.50 bucks in 6 hours … 9AM - 3PM, 

and it’s nothing but a bucket of shit … again … won’t rally, won’t break 

… just sits and teases, while the bullion dealers try and get suckers to buy or 

sell support/resistance breakouts, so they can fade them … bottom line, 

though, is simply the “Great bullion Wall of Selling” is very much still intact.

No PAMM trades today.

“Seriously, what am I supposed to do when the largest rally all day is about 

$1.50 - $1.75, and that’s if you caught it perfectly … intraday volatility so low, I 

need an electron microscope to find it”. Like I said, all we can do is wait and 

show patience & discipline, cuz anything else and you just give money away 

for nothing, and that’s defined as “stupid shit”.

Onto tomorrow, we’ll see what happens … I’m outta here … until tomorrow 

mi amigos … Onward & Upward!!

PAMM Spreadsheet directly below [in old format].

 

click to enlarge

 Have a great day 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”!