“Many players & strategies … they all break when VIX DIES!”
Well, it should be no surprise that banks escape again with huge short positions
to scalp the specs in gold … just your basic 4 day, $60+ beat down in the gold
price, helped along by their BFF the FED, as the levitation machines are on
overdrive in the stock market, and “Everything Is F-ing Awesome, Baby!”. As I’ve
said before, they find a way not only to beat gold down, but to destroy VIX, just
when it appears the train is about to come off the tracks … with help from the
establishment financial MSM, which is just as fucked up and in the tank as the
political hacks in the MSM … and suddenly the “tone” of markets change, the
coverage and news stories change, and the propaganda suddenly becomes much
more upbeat than days before … “you’ll think what you’re told, or by God we’ll
just keep repeating it until you do”!!
Daily ranges are collapsing, and suddenly both Asia & Europe are basically
dead … passing the buck to the scum in New York for direction … and without
direction from either POLS, Apparatchiks, or the ChiComs, markets are clueless
without their daily fix of bullshit … and oh boy, do the scumbag bullion dealer
banks ever love this scenario … set your bullshit detectors on triple MAX, sit
back and watch the “shitshow circus” that’s about to commence.
And without much notice, gold quietly slips under 1490 on several trips, both
yesterday and today … it’s like watching a wet towel get wrung out to dry as
disappointed longs admit defeat, selling back to banks that most likely sold it to
them above 1500 … question going forward, is do we take out 1478 from the
August 13 panic low … this is the level where the biggest group of serious
positioned money stops are located, and while it’s gonna be a struggle to get
there, until the FED tips their hand on the 18th, I’d be surprised if it gets taken
out before then … “but since when does gold ever listen to me”? [Right, never.]
Well, isn’t that special? … seems we can’t make it through a day without the ever
present “anonymous” headline rumor mill on the completely bogus “China trade
deal” … this time, a tit-for-tat with a ChiCom news agency [South China Morning
Post] citing an anonymous source behind the scenes … when do markets wake
up to this manipulative shit and stop being the suckers for bank bullshit via their
buy/sell stops?
Gold for its part, the usual “swan dive” off the diving board screwing longs, but
for the most part the entire day in gold [so far] has been nothing more than the
infamous “Flying Wedge of Death” [FWD] inside a $5 - $7 range … we haven’t
seen shit like this since Spring … again today like most in recent weeks, the
day’s range barely 50% of its 20 Day Range MA … New York even worse … looks
like the FED effect they wanted, they got … and so here we are dinking around
1495, where nobody has a clue what’s going on, bid/offer spreads are slightly
wider today on who knows what horseshit reason other than pure greed the
scumbag banks can dream up, and it’s a bank dream scenario cuz they screw
everybody.
And speaking of bid/offer spreads, the scumbag LP banks in the DOW30 CFD
“jacking” the spread today at Turnkey for no reason as well … cuz they can that’s
why … spread 3 - 4, when it should be 1 - 2 … this with not even a 200 index point
range for the day, less than 40% of its most recent 20 Day Range MA … crooks &
thieves top to bottom, but we already know that.
Europe closed now in the NY afternoon, and it’s a “chopfest” of epic proportions
… up/down on spikes, back & forth on vapors, nothing really going anywhere,
but fills I’m sure being mugged appropriately … nobody wins in this shit but the
scumbag banks in conditions like this … and another day down as we move to
September 18, and more FED idiocy … I hope the days ahead are better than this,
and we do get some important economic indicators, along with the ECB on
Thursday … hopefully the last part of the week is better than the first part … I
can’t see how it can be worse.
No algorithm buy signals today cuz gold VIX buried itself in the Summer sand
… even the dog couldn’t find it … I’m outta here for some Vitamin C therapy
[Corona with lime … medicinal of course!] … ‘till tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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