“Life imitates trading, trading imitates life!”
I truly feel sorry for anybody receiving a public education today … nothing but
indoctrination camps from the Libtard Loons … everything an outrage, everybody
Hitler, everything a crisis … taking a quick look at both parties that dominate
‘Murica politically, complete unhinged, tinfoil nut jobs on the Left, and scared
bunnies on the right … add it all up, and if you’re not wondering how much time is
left on the clock for life as you know it before it ends, you’re not paying attention.
This isn’t an overnight thing of course, it started in earnest in 1913 … the
introduction of the income tax [it only affects the super rich, so nothing to worry
about here, right?], and most notably the creation of the FED … two world wars
hid the effects of the creep of socialism, until the 60’s came and the tide was
turned … QUIZ QUESTION: “In the 1960 census, where was the richest zip code in
the U.S. located”? … ANSWER: Detroit. The country got a reprieve from Reagan,
but Clinton ushered in NAFTA, and it’s been straight downhill from there … the
Elites are NOT our betters, and the country deserves better, but dumbasses keep
voting for “free shit” … the end is nearer than you think … question is, what are
you going to do about it?
Of course, the rot we see everyday occurring in the U.S., which one can hardly
discern from true satire, bleeds over into trading, where the entire structure is
rotten to the core … gold, along with U.S. indices like the SP500, are shining
examples of manipulation never before seen up to 2012, and then overtly juiced
since February 2016.
Gold today? … the thrill is gone … recent economic reports give the FED no
credibility for cutting rates at the July 31 meeting, if they stick to their long held
mantra of “data dependency” … well, the data doesn’t support rate cuts, but the
markets surely want them, and that’s what has taken the shine off gold up here
above 1400 … the good news? … we aren’t breaking either, and every day that
goes by, less and less of the world buys into the central bank bullshit of
“Everything Is F-ing Awesome, Baby!”, and comes to the conclusion gold needs
to be owned. For the first time in a very long time, gold is starting to matter.
Well, that escalated quickly to the upside, didn’t it? … given the tight ranges of
late, no real hard economic news out there today, and a rather dull news cycle,
except of course Libtards are “outraged” over some Trump tweets [what else is
new?], we find gold pressing the upside resistance level around 1422 - 1425 … if
this holds today, it will get rather interesting in Asia tonight.
And, the fun & games continue as somebody panics out of nowhere and sends
gold up to 1425 … couldn’t get it to breathe the last 2 days, but today with ZERO
news out there that’s bullish, somebody goes bat shit crazy and can’t get enough
… go figure.
Three excellent algo buy signals today … PAMM up some bucks, but I’m
disappointed in the trade today.
Should have made a lot more than I did, but I’m not the kind of guy that chases
gold [or any market for that matter … FOMO is a disease I don’t want!] … that rally
is getting sold as I write, but again, it’s Asia that will carry the ball in a few hours,
and the “Chuckleheads”, more than likely will go ecstatic in buying gold and
shoving it up … we’ll see later.
Onto tomorrow mi amigos … Onward & Upward
Have a great day everybody!
-vegas
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