GREAT MOMENTS IN HUMAN STUPIDITY

 

“Turning the U.S. Dollar into “candy wrappers” … what a Dope!”

The head of the Russian Parliament, when asked about using or holding U.S.

Dollars, said, Russia has no interest in dollars, saying this currency turns into

candy wrappers for us. … the link to the article on ZH, directly below.

https://www.zerohedge.com/geopolitical/russia-quietly-making-case-owning-

gold

With oil & gold now pegged in Rubles by the Russian Central Bank, you can thank

“Taliban Joe” for ending approximately 65 years of dollar hegemony [meaning the

“petro dollar”] by turning the world’s financial system into a “board game” of

winners and losers picked by the U.S. … and for the record, the entire planet has

had it with U.S. hegemony over the financial system for way too long

… “Taliban Joe” overplayed his hand, and walked right straight into a Putin trap,

without ever knowing who it was that “shit his pants” … great moments in

stupidity, and who else would you possibly want headlining the charge other than

Joe Biden, the corrupt, senile, “never been right his entire life about anything",

right into the biggest financial blunder ever seen, the loss of the U.S. dollar as the

world’s pricing mechanism for oil and gold … what a fucking Dope!

And as the trading day gets underway, here comes Lounge Lizard Brainard with

warnings about inflation is gonna be higher for longer … right on cue! … was

she 1) trying to smack down “Stonks” & “Stock Bellies” cuz it’s no longer the

FED “Put”, it’s the FED SHORT CALL that’s in play, 2) monkey hammer gold

lower, or 3) both? … I’m goin’ with option 3 … and since she opened her

SOCIALIST PIE HOLE, both have gotten the “Thelma & Louise” treatment

followed by the “Loser Formation” sideways, with a bias lower … cuz what she’s

really saying is, “pencil in 50 bps rate hikes for the May & June Fed clown show

… and please notice that she waited until the scumbag bullion banks ran the

“Comex Con Game” on specs FIRST, allowing specs to get long and banks to

get short … then the trap door opens … whoops! … feel manipulated yet?

Looks to me like the Lounge Lizards are gonna test the resolve of the CBR

[Central Bank of Russia] with their floor of 5,000 Rubles per gram of PHYZ gold

[1940 per OZ for PHYZ] … Vlad has to know it’s gonna get tested, and my guess

is he’s ready for it … “hey bullion banks, you sure you’re up for this fight!?”

Here at Noon EST, now a DOUBLE REVERSAL in gold to the downside … a real

spec round tripper, screwed by a PIE HOLE from the FED … natch, trotted out to

do the dirty work for the bullion banks … her payday comes when she retires, and

by then nobody will remember what happened or when … biz as usual in the

corrupt casino … and what makes this double trouble, is the fact that a great

amount of buy fuel was spent earlier on the rally to the day’s high … now shot

to shit by a FED PIE HOLE … finding some now after a double reversal low is

going to be tough, made all the more so by occurring right as we head into the

New York afternoon, and hoping JPM won’t pull the usual “scumbaggery &

fuckery” they’re famous for as a bullion bank … sure, some short covering will

appear, but it won’t do you much good if gold keeps falling before it happens!

… quite frankly, when she opened up her PIE HOLE, the die was cast for being

long … come back tomorrow.

No trades today in anything … if the gold break off the day’s high had turned

around, we would have gotten a buy signal … it didn’t, and that’s why I / we have

an algorithm, to keep us from doing “stupid shit” based on feelz or intuition … if

it’s gonna “go”, we’re gonna get a signal, and once she opened up, that was it

for the long trade case … meanwhile, BTC still not doing very well … better action

today, but the “bar” is low right now, and it’s still not very good … gold today

sees us for the 5th day in a row, stuck inside a $20 - $25 range of bullshit, as the

20 Day Range MA is at $34 … it needs to break out, and for a while today it looked

like we were gonna get that to the upside … the FED had other ideas! … onto

tomorrow for some gold action … at least Turnkey didn’t fuck things up, so that’s

a positive … I like what I see in gold, too bad the FED screwed things up today

… meh, par for the course really.

… outta here  … “The future’s so bright I need sunglasses”!! 😎😎

… Onward & Upward!!

-vegas