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Monday, August 3, 2020

THE YELLOW BRICK ROAD LEADS TO DISASTER

“That look you get when the world changes & you can’t believe it!”

Believe it! … governments the world over are destroying otherwise free societies,
and instituting draconian pandemic hysteria among the Sheeple … well guess
what? … do we live in space suits now? … only digital contact? [won’t the
globalists love this!] … humans have lived with viruses forever, so deal with it!
… yes, it will burn out eventually, and many people will die … NEWS FLASH: sick
people die sometimes, especially those with health problems & Geezers … cars
kill people, knives kill people, water kills people, tell me what doesn’t kill people!
… this lockdown shit is for government control, not human safety, simple as that
… and don’t even get me started on this mask idiocy.

But meanwhile, in the delusional fantasy land of “Stock Bellies”, new all time
recorder-er-er highs in the NDX100 today, as the entire world re-lockdowns over a
flu virus, and entire economies of places like Australia, the Philippines, and other
places shuts down … and that means more QE Infinity … no matter that hundreds
of millions of people along with millions of small businesses are wiped out … no,
what matters is that heroin doses of liquidity are injected into stocks to enrich the
0.001%, at the expense of inflation and the destruction of fiat currency … none
more so than the U.S. ... “long guns, ammo, gold, silver, and Bitcoin is a great idea
and has been for years, only difference now is that the world is waking up to the
government bullshit, and that mound is getting plenty steep.

So much for the GBPUSD being a “safe haven” currency …. Bwahahahaha! … as
long position holders are finding out today, you had your once in a decade run
higher end last week, WTF did you think was gonna happen next? … directly
below, spec positioning in the dollar index.

click on chart to enlarge
“What could possibly go wrong being short dollars at 10 year lows?”

Multiple algorithm trades today in GBPUSD … TURNKEY PAMM / MAM UP
SLIGHTLY LESS THAN 0.2%

Trading action today much better than any day in the last 2 weeks … a return to
relative normalcy in IVIX did the trick … volumes up a little today … today sees
Cable put in a “double reversal” range day, which historically is quite rare,
although I would caution that anything in the last 6 months could be categorized
as “WTF is this”? … still, a return to relative normalcy is welcome … now, is it too
much to ask for better ranges?

Noon time EST, and that means Europe is closed, and FX trading shifts solely to
New York, where the criminal Wall Street banks now run the show … thanks, no
thanks … outta here … until tomorrow … Onward & Upward!! 

-vegas





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