“When you think you’ve gained the edge … but misjudged the situation!”
When it comes to trading gold, money might as well be the gun the robber at
the 7-11 uses to hold the store up … the robber points the gun at the cashier
and demands all the money, then tries to make his escape … “in gold trading,
scumbag bullion dealer banks use their enormous capital base and point it right
at your account, and they use this enormous leverage to force price to go where
they want it in the short term, thus relying on you to panic quickly and liquidate,
thus giving them a profitable exit strategy … in other words, this is the banks
“Pavlov’s dog” strategy, and guess who you are”?
And, as we’ve seen over these last years, especially since 2012, money is not
simply a weapon in the traditional sense, our own government came up with
the brilliant idea to use it as a “diplomatic tool” as well, thus creating a 2
edged sword they thought could conquer the world and make “bad people”
somehow behave … only it hasn’t quite worked out that way.
Directly below, can you spot the trend here? … Russia has certainly gotten the
message, and while their gold reserves go exponential, countries in the WEST
“poo poo” gold cuz as we all know the FED & BIS has everybody’s back
… until they don’t, and gold goes full retard Palladium.
click on chart to enlarge
Add to the Ruskie’s holdings, that of the ChiComs, India, Poland, Hungary,
etc., and over the last year the amount of gold bullion accumulated by
thoughtful central banks is the largest since 1971 … you know, the year in
which Nixon took the U.S. off the gold standard for the dollar, and gold went
from $35 to $100 in less time than it’s taken you to read this paragraph.
Gold today, an absolute bucket of warm bat guano … throw in the “Flying
Wedge of Death” [FWD], just for shits & giggles, and it’s another useless
trading day wrapped up in a small range that is going nowhere … until it
does … and poses some real risks to trading … the entire purpose of today’s
trading is nothing but “skim” … understand that, and you understand gold.
As I look out over the landscape of the last week, by any sense and normal
measure, gold should be up $50+ … not even close for sure, and make no
mistake, the government manipulators [FED, BIS, ChiComs] are throwing
everything they got at gold right now, while their BFF’s the scumbag bullion
dealers sell 100 lot after 100 lot, accumulating more short positions, and
eyeing sub 1300 for price next week … in other words, the “Comex Con Game”
in full force and effect … my guess is something next week triggers an exit in
gold and away we go to the downside … how long who knows, but that isn’t
what matters … what matters is banks cover shorts and start the process all
over again … it’s how the world runs, and it’s the grease that makes
international commerce hum.
Even before New York opened, volumes were almost non existent and trade
flow barely detectable … nothing has changed since then, and it’s only gotten
worse. Into the P.M. on a Friday with Squid & JPM is not something I want
to get involved in … instead, if you like pain, give yourself a shave with a
butter knife, you’ll lose less blood.
… and even if we had, volatility is so low, you can’t make the trade cuz the
chance of “false positives” is high.
Yesterday, I noted that I had a conference call with Turnkey late yesterday
afternoon … I’m gonna go over it some in Sunday’s blog update, but I’ll just
say right now that it was positive … they heard me and I heard them … some
immediate changes have been made, and for right now I think our differences
can be worked out to our beneficial interest … both management and I had
mutual respect for each other, the tone was serious but cordial, and I came
away from the conference call more upbeat than when it started. So, I’ll have
more on it on Sunday when I post, but I wanted to let everybody know things
went fine … no hard feelings and for the most part everything is cool for now.
Onto next week and the blog update Sunday night … until then mi amigos
… Onward & Upward!!
-vegas
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