MORE NOISE FROM THE FACULTY LOUNGE

 

“But … I don’t wanna be held responsible for the economy!”

Six FED Pie Holes speak today … markets don’t have a chance escaping the 

HFT algos … “are all of you going to be reading from the same script today? 

… any original thoughts, or just the usual drivel of bullshit we’ve seen over the 

last 113 years of negligence & incompetence”?

Gold, for its part, getting the “Comex Con Game” started, as they roll the rock 

up the hill, so specs can get stopped out on the way down … rinse, repeat, and 

it’s been like this for the last 7 years and counting … why should this time be 

any different?

Noon in New York, and the last 5 hours has seen … maybe … maybe $1.50 

rally in price for gold … otherwise, it’s like watching an ice cube melt on a 

sidewalk during the Summer … they just bleed price lower, with the 

occasional pop higher to trap shorts, and then it’s back to biz … how many 

times do I have to say this? … “this is a dead market walking … if I were King 

I’d shut it down, cuz in its present form, and the way it’s trading [if you want to 

call it that], it’s nothing more than a dealer Ponzi scheme … there aren’t any 

volumes, zero liquidity, the slippage is horrific, and the ranges simply suck 

… other than that, though, it’s fine [snark]”.

To ask the question is to answer it, but what happens to gold when VIX gets 

“Thelma & Louise'd” across the board? … “well, you’re looking at the 

disaster unfold right before your very eyes”. Unless of course, you’re willing to 

position trade it and send risk skyrocketing, this way they can rob you in the 

middle of the night when you’re asleep, so it’s not as painful.

Absolutely nothing good to say about gold at this point, here in the early part 

of 2019 … as soon as the FED disappoints, which it surely will and has for over 

113 years, specs in gold will get mauled, and it won’t take days or weeks for the 

damage to unfold … just look at last week’s $20+ dollar drop in a quick couple 

of hours, and a full 4 days later, this market can’t even get outside that range 

… pathetic … welcome to gold. So many traders have left this market over 

these last years, sick of getting screwed by scumbag LP bullion dealers, that 

when other markets slow, gold literally dies … “let me say it again … silver 

market here we come”! Which, if you don’t know by now you should, is exactly 

the way the 0.001% elites want it … nobody in government anywhere wants to 

see financial MSM headlines saying anything about gold [except that it sucks 

and there is no reason to hold it or own it.] … bullion dealer banks get all the 

“free money” they need, from the FED, to keep selling 100 lot after 100 lot, 

and feeding the futures market buyers all they want … and when the  

“buy fuel” runs out? … “thank you, come again”!

It’s been like this, going on its 7th year … I don’t see anything telling me 

bullion dealer “scumbaggery” is going to change anytime soon … I’ve been 

hearing for over 45+ years, how gold is going to [pick a number between 

$5,000 and $50,000] skyrocket to unseen and unheard of heights … sure it is, 

and I got beachfront property in Kansas I’d like to show you. What used to be 

a good trading market has turned to shit … all by plan, all by design. “I’ll 

trade it when there’s something to trade, otherwise what’s the point? … Even the 

FED Pie Holes can’t even bring this carcass to life … good grief”!

Another day, another day in gold most would like to forget … I’m outta here 

… until tomorrow mi amigos … Onward & Upward!!

  

Have a great day everybody!

-vegas

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