“Which financial market are you? … right, ALL of ‘em!”
The pain never stops … and that pain emanates directly from government at all
levels, as they micromanage markets for propaganda purposes … cuz make no
mistake, where we are headed in the financial community is the death camp
known as negative interest rates … sooner or later, no matter the words and piling
up of bullshit higher than the Empire State Building, the U.S. is financially headed
for the euthanasia chamber … a report out today, that in the E.U., banks have paid
out 23 billion Euros to the ECB since 2014 … so you lend the bank money, and
then THEY CHARGE YOU for the experience … OMG!, this is something only a
central banker could dream up.
Not to be outdone today, the ChiComs are at it again spinning propaganda faster
than the FED is printing money via CNTRL-P … all with the stated purpose of
making it look like they’re trying to do a trade deal with the U.S., when all they
are doing is 1) propping up stocks, and 2) playing for time … who knows, if U.S.
Sheeple are dumb enough to elect a Libtard Buffoon in 2020 over Trump, the
ChiComs have ZERO worries … they’ll throw money at ‘em and it’s back to biz as
usual.
So what drug do markets get hit with today … meth? … valium? … what? … cuz
when you get right down to the nitty gritty of what makes markets “tick” these
days, it all depends what the government doctor [the FED] has got planned
… nothing else really matters … in other words, it’s a game of manipulation and
those still spending time with “fun-dur-mentals” and/or popular technical
indicators via platforms such as the MT4, either figure out what’s really going on
or they go broke … Wall Street “group think” has never been more dangerous
than it is NOW!
And the “group think” now is that gold is a “slam dunk” rip higher … first to 1600,
and then new all time recorder-er highs soon … and while it’s a foregone
conclusion what the long term outlook for gold is, simply cuz of government,
between now and then it gets a helluva lot trickier … and while the FED is
probably gonna cut rates by 25 basis points come September 18, I don’t see a
FED in any hurry to carry Wall Street’s water by slashing rates like they want cuz
China’s & Europe got some problems … and if you go back to just one year ago
from today, the FED dot plot from all the smartest people in the room were looking
for 4 to 5 more RATE INCREASES … so, how’d that turn out? … now they’re
looking for massive RATE CUTS into 2020 … even if they get ‘em, gold expects
it … what if they don’t get them? … whoops, now what?
Well, the “now what?” will be a stagnant to lower gold price and very frustrated
gold longs, as the stock indices power forward to higher highs … just what the
FED wants, which is to avoid a baby boomer pension crisis … and if by chance
the FED stands firm, and this is a “mid cycle adjustment”, and rates don’t go
down? … well, you’ve seen the top last week for a while … not predictin’, just
sayin’.
Gold is “dead cat bouncing” today, with little volumes and even less liquidity … I
was hoping for some DOW30 trading today, but Turnkey’s crooks & thieves a/k/a
“liquidity providers”, decided today would be a good day to have 6 & 7 index point
bid/offer spreads, from the usual 1 & 2 … “oh, was I supposed to not notice the
tripling of trading costs for no fucking reason? … how rude of me, my bad”. So,
that market is out the window … Cable, as I write at Noon EST doesn't even have
a 50 PIP range today after 19 hours … that leaves gold, where it’s spike hell for no
discernible reason as well … “how many banker scum on trading desks in New
York do you think uttered the phrase today of, “let’s go get us some stops”! … I’m
thinkin’ more than a few” … more Corona and Vitamin C seems to be the answer,
as we start September off with extremely shitty trading conditions so far.
Today’s core inflation figures a little hot, but hey, the gubermint says there’s no
inflation, so what do I know … I mean outside of food, fuel, housing, and health
expenses, I hear horseshoes and typewriter ribbon prices have fallen, so that’s
probably where the good news lies … FFS.
Gold going nowhere, again today way below its 20 Day Range MA, another market
not doing Mr. Jack Squat [Cable], and the other being manipulated for pure greed
and avarice by the LP’s [DOW30] so it can’t be traded unless you’re an absolute
idiot and pay TRIPLE trading costs for no reason … that doesn’t leave much for
the NY afternoon … in fact, it leaves us with ZERO. Simply no algorithm trades
today.
I’m sorry to say that when markets decide to take the valium pill, or go full retard
idiotic, like what’s happening today, we simply have no choice but to sit on the
sidelines and wait … you feel like giving money away to a group of fucktard bank
scum? … “I’m shocked, me neither”! … and so, here we are sitting, not by choice
but by their actions … pitiful, but that’s how markets operate in the “POLS &
Apparatchiks” paradigm.
The dog needs an ice cream cone [so he says], and I need “hydration therapy”
… ‘till tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
No comments:
Post a Comment