“Once again, Yogi nails it!”
You just can’t make this shit up … after doing Zilch, Nada, & Zero the entire day
yesterday, gold suddenly comes to life after the close, and moves about $12 in
under 2 minutes … well, why stop there? … get into Asia and early Europe, and
it’s just your average “ho-hum” $26 range, thank you very much … get into New
York, and they’ll fuck it up as sure as I’m sitting here … count on it! … that’s how
gold works, and that’s what they do. And right as New York comes into the
picture, it’s as if a light switch has been turned off in gold.
For over 7 years, nobody in the world listens as financial matters come unglued
time after time … gold, who cares? … now in less than 10 weeks? … “gotta own it
no matter the cost! … ain’t got time to wait for corrections or other horseshit the
central bankers will throw at it … simply got to own it NOW”!! … and so here we
are.
As is their usual penchant, gold moves only happen in the dark … if there’s ever
more clear and pressing evidence of “scumbaggery”, I’ve yet to see it … now that
it’s day time in New York, expect the usual price suppression techniques the
scumbag bullion dealer banks use in keeping gold down … hasn’t worked very
well since June 1, but never underestimate the power of government to smack
down price quickly by changing the rules … don’t believe me? … go ask the Hunt
brothers.
“Well, that escalated quickly to the downside, didn’t it”? … seems hot inflation
numbers that doesn’t exist but does has hit the wires … gold not gonna like that,
cuz it lessens the chance for those huge rate cuts that are priced in … and more
importantly, the banks have to have the chance to buy your gold they sold to you
earlier today at a higher price back to you for profit … something about rules or
something … and just like that, gold is down slightly less than $20 in short order
[so far] … just when you think there will never be another down move or day, here
it comes right in your face!
And what makes days like this even better for us traders, is that right after the
CPI report at 8:30 AM EST, the scumbag LP banks shut the machines off for 2 - 3
minutes … “yea, shut them off, cuz they don’t want you buying from them on the
break … bitch all you want to shitboxes like Turnkey, Coinexx, wherever, and all
you will hear is “glitch” or some other horseshit about a technical problem that
got solved rather quickly … my ass … fucking crooks top to bottom around the
world! … but, tell me something I don’t already know”! So, while it would be nice
to position ourselves on these “Thelma & Louise” waterfall breaks, there’s
nothing you can do when they shut access off to the MT4 platform … yes, they’re
dicks!
And then comes the “coup de grace” … another planted headline that comes
perfectly placed to 1) blitz stocks higher, and 2) slam gold lower … the inevitable
“China trade deal” headlines, that assure us once again a deal will get done
… someday … whenever … err, STFU and buy MOAR! … ONCE AGAIN, they
control the vertical & they control the horizontal … our first clue came yesterday,
when it slipped on ZH that the entire world is long gold and confidently expecting
1600+ any minute now … even Vampire Squid is on the bull train now … so, what
did you expect? … if only somebody could have told starry-eyed gold bulls to
keep it in their pants and not get to excited or greedy … nope, that’s not how
markets work.
So, you like real market violence? … well, here ya go! … haven’t seen this in
gold since April of 2012 … and unless gold settles the hell down some, we can
look forward to this kind of slaughter getting worse in the days ahead
… guaranteed!
Afternoon in New York, and if you need further proof we are in the POLS &
Apparatchik’s” paradigm of trading, then you haven’t been paying attention much
… that’s all it is. Today’s big clusterfark comes by way of new yearly highs and
then the roof caves in on sell stops & a Trump tweet … the criminality on display
via the sell stops by the scumbag banks a classic for the ages … “ho-hum
Sheeple, nothing to see here … move along … ma’am, just some traders getting
killed is all”.
Now that we’re into the P.M. and Europe is closed, that leaves trading up to the
world’s largest group of criminals, the New York scumbag banks … can’t wait to
see how this plays out … can gold keep the 1500 level? … any bets it will be
September before today’s high or low gets taken out in the days ahead? … this is
one ugly day.
But wait, there’s more! [order now and get 3 free knives!] … between 1 & 1:30 PM
EST, here comes more blatant thievery, right behind 2 more planted headlines
… ± $10 either way TWICE [once down then up, now back down], within about 10
minutes, and it makes the clown show known as gold really complete … “hasn’t
there been enough stealing of money, you apparently need fucking more”?
… and while all this goes on, the day has been a complete clusterfark … one
algo buy signal, but am I really to buy it when my M1 chart has a $4 grid? … me
thinks not.
As I’ve said before today, this continued upward move in gold without ANY
corrective moves is dangerous … I’ve seen this before, and it’s not my first trip to
the gold rodeo … I know firsthand how unbelievably dangerous this shit can be
when it gets stretched and you have to depend on New York banks for fair and
honest pricing and fills … yea, you can forget that shit, and today highlights it in
spades.
There is literally no part of me that wants days like today … if you made money in
this, it was pure luck … gap pricing, blown out spreads, slippage on MAX, several
stop runs from hell via planted headlines in the MSM, and last but not least MT4
platform shutoffs from the scumbag banks, and you have a recipe for disaster
… some days, not losing your ass IS making money.
Onto tomorrow … can it get any more screwed up than this? … tonight sees me in
the Asian session for as long as I can hold out … how can it be any worse than
New York? … then, after some sleep, it’s on to the DOW30 for the NYSE session
… tomorrow should be fun! … until then mi amigos ... Onward & Upward!!
Have a great day everybody!
-vegas
No comments:
Post a Comment