How much longer can the casino go on without major disruptions in world
finance? … that the U.S. is, for all intents & purposes a “Banana Republic, I don’t
think there’s any doubt, especially after the U.S. Gestapo [a/k/a F.B.I., the
politicized arm of police state rule] raid on Trump’s house … this kind of insane,
brute force attack on political enemies of the “Deep State”, is akin to
government intervention [read FED] in markets to 1) send a forceful message,
and 2) use the weapon of QE [a/k/a “money printing”] that nobody else has, to
get what you want, to Hell with the ramifications & consequences … and it’s
what the government has been doing for onwards of 50+ years, only now it’s
more manifest and they don’t even try and hide it any more … it’s just “in your
face”, whaddaya gonna do about it?
As I said yesterday, gold isn’t the market it used to be … the changes over the
last couple of years are quite profound & ominous … there simply is NO OTHER
MARKET going forward that has the forceful dynamics working in its favor for
1) price appreciation, 2) range expansion, and 3) higher VIX … and the simple
fact is, we’re at the “end game” for the math of endless government spending
and QE, without some kind of major reset in price of those assets that are scarce
and more valuable than pieces of paper backed by nothing … and with each
passing day, the “3 Ring Circus” of central bank manipulation gets harder and
harder to pull off and dupe the masses … that they will keep going down the road
to financial destruction until the revolution that sees heads separated from
shoulders, it’s in their collective DNA as manipulators & Apparatchiks thirsty for
control and power over your life … looking at world events, it’s like a top spinning
out of control that gets worse, worser, and worser-er-er … XI & Putin gotta be
ROFLAO over the likes of dopes like Biden, who at this point can’t even put on a
jacket or spell his name without help … and if he goes, Kammy takes over, and
that’s a whole lotta comedy & pitiful incompetence rolled into one “Manchurian
Candidate” hellbent on the total destruction of the U.S. as you know it
… bananas anyone!?
Turning to today’s “Slots-A-Rama”, inside the world’s biggest casino, gold not
doing much of anything yet, with New York at their trading desks for over an
hour … “Trading Ratio” [TR] for gold so far stinks to high heaven, with readings
right at 2 and even lower for some stretches … can’t do anything with conditions
like that, except sit and wait … nothing of major importance on the econ docket
today, and tomorrow sees retail sales … so far, shaping up to be a nothingburger
type of day, but that can change quickly … btw, mid morning sees me pick up
“Miss Gimpy” from the hospital, where she had the pins from her leg taken out
and she’s being released today … then it’s a quick trip over to the physical
therapist to set up her physical therapy appointments … shouldn’t take too long,
but I’ll miss a few minutes of trading … can’t be helped, gotta do it.
Friday sees a gigantic OPEX in the “Stock Bellies” … it looks like the week,
pending news flow of course, might be heading towards some kind of “blow off”
[up or down?] come Friday … as such, we might be looking at very lethargic
markets for a few days until this OPEX is resolved and put to bed … dunno yet,
we’ll see, just be mindful that’s in play, even for gold tangentially.
Gone for only about 1 hour 45 minutes, “Miss Gimpy” starts her physical therapy
on Monday, 3 times per week for 10 weeks at 3 PM … here’s where the real pain
starts, building the leg back up to normal … back now, and I didn’t miss anything
as we move towards the London Fix … gold range today [so far] extremely
pathetic, and action “wicked choppy” around the HULL 120EMA … we aren’t
even at 50% of the 20 Day Range MA for gold with Europe about to close
… welcome to late August.
The London Fix over, and we’re sitting near the low end of an $11 range, and
already it’s become clear nobody cares about anything related to trading
… “Stock Bellies” absolutely refuse to move lower, thus increasing the
“pain trade”, while Europe & China head for depression level econ stats heading
into Fall and beyond … and if it’s a particularly cold and brutal winter in Germany,
what then? … how does Spicoli keep jacking rates to the moon? … and at what
point does the world decide NOT to lend the U.S. Banana Republic any more
trillions of dollars it can’t possibly pay back? … quite frankly, we keep getting
closer and closer to that moment than most people realize … an interesting
article from ZH I just saw, link directly below.
https://www.zerohedge.com/news/2022-08-15/russia-proposes-new-standard-
compete-rigged-london-bullion-market-association-lbma
How do you gut the U.S. without firing a shot? … EASY PEEZEE: “destroy the
petro dollar and then get gold priced in anything else … the Ruskies & ChiComs
are well on their way to doing just that, as most of the world is sick of U.S.
arrogant hegemony, and would be perfectly fine with the U.S. headed towards
third world status … and given current leadership, it’s closer than you think!
No trades today, simply cuz there’s nothing to do with a $7 range over an 8 hour
period of chop … hey, I can’t make it move, and when it doesn’t we sit … let’s
hope tomorrow is better than today … quite frankly, I don’t see how it can get
any worse.
… It’s 2 PM EST, and I’m outta here … “The future’s so bright I need 2 pairs of
“golden” sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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