WHAT COULD POSSIBLY GO WRONG?

 

“Butch sums things up!”

What if the world is staring down the barrel of a great DEFLATION? … everything

falls in price, and I mean everything … people panic to raise cash, and ALL assets

are clubbed like baby seals at a Japanese whale hunt … economies collapse from

too much debt, so what happens next? … POLS, Apparatchiks, and governments

step in and print money {QE} like you’ve never seen before, thus ushering in

hyperinflation … and quite frankly, I wouldn’t discount the probability of this

happening … and it’s why you never get “pig headed and stubborn” about a

market, and instead let it tell you what it wants to do … just remember, no market

is an island unto itself, and gold is no different.

OPEX today, and the world discovers gravity in risk assets … the scumbags from

Wall Street at their trading desks, and even they can’t muster any excitement for

anything … how bad must it be when even they can’t muscle shit higher into buy

stops and book some fast coin? … gold for its part, seeing a “Trading Ratio”

[TR] BELOW 2, which means quite plainly “leave the crap alone” … the entire

week [so far], a lesson in slow walking down the hill over $50+ per Oz., with about

95% of the time the HULL 120 EMA being sloped negatively … there hasn’t been

a rally all week in gold, that once commenced and over and done with, corrected

lower AND THEN CAME BACK HIGHER … not one … it’s “one and done”, some

shorts covered, there’s nothing left, and then the bullion banks shove it lower still

cuz there’s no order flow to buy … nature abhors a vacuum … so do markets!

… with about an hour to the criminal NYSE open, not even a $10 range in gold,

with the last few hours not even seeing a $3 range … how pathetic is this?

… welcome to August!

For now, it looks and feels like OPEX is changing nothing in the dynamic of

markets across the spectrum … for weeks, markets ignored the warning signs,

and then within 5 minutes the other day, it all changed, and now markets are

doing the “slow melt from Hell”, like watching the fat kid in 6th grade walk down

the steep hill one slow step at a time, for fear of falling on his ass and things get

really messy … that’s how markets look to me right now, and gold isn’t immune

… hours upon hours of complete chop and nothingness, and then bursts up or

down to the near high or near low in minutes, trapping those caught the wrong

way … this is the infamous “Flying Wedge of Death” [FWD], which for decades

has been bullion dealers best friend in screwing specs, simply cuz the specs

can’t tolerate a new high or new low and further losses, so they hit the

liquidation button driving it up / down, only to find the commercials at each end

propping it up or keeping it down for their own benefit, simply cuz there isn’t

enough volume to drive the price … and for those caught in this yo-yo from Hell,

it can get quite expensive over the course of the day, buying tops and/or selling

lows and then puking later … do this a few times and add it up and your day

can turn ugly “el mucho quicko”!

There are specific points in time, though, where markets [specifically gold] are at

“fish or cut bait” time, and at those moments the volume and spikes have to come

in or it’s curtains for your trade in seeing profits … and as much as you don’t want

to cut the trade short, you can’t ignore the reality of the probabilities in what they

are telling you … ignore them at your peril! … and I will be the first to admit they

are tough to train yourself to do the “right thing”, cuz while your brain says

“do it”, your guts get greedy and want more … “trading is SIMPLE … I never said

it was EASY!” … YOU SIMPLY ALWAYS HAVE TO REMEMBER, REGARDLESS THE

MARKET, BUT ESPECIALLY THE PHYSICAL MARKETS LIKE GOLD, SILVER,

CRUDE OIL, COPPER, & NATTY GAS, that scumbag commercials ABSOLUTELY

NEED your buy orders at the top and/or sell orders at the bottom via stops, TO

GET THE BEST PRICE FOR THEMSELVES WITHOUT UPSETTING PRICE in either

liquidating their book or establishing positions … this in essence, is

"THE COMEX CON GAME” … they sell to you at the tops, and buy from you at the

bottoms, in the collective, and what you have to train yourself to do is 1) not get

greedy, and 2) DO WHAT YOU’RE SUPPOSED TO DO WHEN YOU’RE SUPPOSED

TO DO IT, REGARDLESS OF WHAT YOUR “GUTS” TELL YOU TO DO! … this in a

nutshell, is the essence of the “scalp” and/or day trade, and what happens next is

of no consequence! … you simply wait for the next signal, rinse & repeat … this

is how guys back in the day of the pits, who collectively were dumber than a bag

of carrots [my apologies to carrots], made themselves and their families millions

of dollars … nothing else mattered, and why should it? … “oh, you think it’s

going higher / lower? … who cares what you think? … I’ll buy it at 1 and sell it

at 3 dozens of times, book the coin, go play golf or tennis, and cya tomorrow

… have fun playing analyst!”

And as things slow down, you can see this playing out! … view trading from this

perspective, and everything you thought that mattered doesn’t anymore, and the

things you paid no attention to cuz you didn’t think they mattered, like volume,

suddenly become very important … cuz if you get long when you’re supposed to,

the spikes higher should come within 1 - 3 to 4 m1’s … if they don’t, or if volume

totally sucks and there isn’t much movement at all [meaning no spikes], then you

have to realize this is a big, fat, red warning flag going up the flagpole, and you

can’t wait for the red spike down to liquidate, you have got to use whatever

movement up to exit … and if you’re wrong? … so what?, it’s an “opportunity

cost”, not a capital cost … “OPPORTUNITY IS INFINITE, CAPITAL IN YOUR

ACCOUNT IS FINITE!”

And on we go on this OPEX Friday, gold now threatening a new low for the day,

after an hour ago threatening a new high … the FWD fully in force, and the New

York range after 4 ½ + hours a stupendous $7, or about $3.50 per Oz. from the

median … given the spread plus any slippage, the bullion banks are loving this

scenario! … and as you can see from this new low, not a lot of “oomph” to the

downside, and the short covering has even less “oomph”! … and why should it

with a TR less than 2!? … quite frankly, this is a bullion bank's wet dream

scenario for making money at spec expense.

Both the EUR, GBP, & JPY getting beat to death the last couple of days, as dollar

strength continues … with winter approaching Europe looks like roadkill with

respect to energy costs, and quite likely engineers a depression, thank you very

much POLS … meanwhile, in Britain inflation is so hot it’s way over 10% and still

rising, thus ushering in more interest rate hikes to kill their economy … and of

course the stupidity of “Peter Pan” Kuroda is well known at the BOJ … tough for

gold to make its way higher in that environment, although in local currency it

is higher.

Into the New York afternoon now and the chopfest continues, albeit at lower

levels … positioned longs continue to puke, and until that’s over there’s not much

hope of any kind of sustained rally … everyday this week, just down, down, and

then down some more … it’s tough to see what turns things around, but the good

news is that scumbag manipulators and bullion banks WILL INVENT A REASON

OR REASONS TO TURN IT AROUND … COUNT ON IT! … IT’S HOW THEY MAKE

MONEY, by getting others to commit money to markets, thus “order flow” the

lifeblood of scumbag banks everywhere … so worry NOT, opportunity isn’t going

away anytime soon!

Only one algorithm buy signal today in gold … TURNKEY PAMM UP SLIGHTLY

… it came after the low of the day and the run to near the high … we did get

corrective action and price did turn back up, thus creating the buy signal … not

a very good fill on entry, but liquidation was perfect as I sold the spike up and

sold the bid within pennies of the spike high … and the reason I sold &

liquidated? … just not enough “oomph” on the move up, where there should

have been more but was absent … as I said earlier, this is a big fat warning sign

… take what they give you and say “adios”! … and it was the only signal from

the buy side where HULL 120EMA was sloping higher, the rest of the day seeing

negative slope except for brief seconds or minutes … just not a lot here for

longs to chew on this week … blog update on Sunday.

… outta here a little early today, cuz I want no part of OPEX from “Stock Bellies”

overlapping into gold and creating problems on a Friday afternoon … “The

future’s so bright I need 2 pairs of “golden” sunglasses 😎😎, and my own

Brinks armored truck” 💓!! … Onward & Upward!!

-vegas