Next week or maybe sooner, when Fuhrer Biden crawls out of his Mom’s
basement with nurse Mildred Ratched’s permission of course , will there be a
“deal” on the debt ceiling? … quite frankly, what does it matter? … that “new
ceiling” will get hit “el quicko mucho” with spending, and the net result solves
nothing, as the country is then in worse shape than before … this “FACT” seems
to have escaped the member Fucktoids in the Clown College, who only care
about more weapons systems to Ukraine so they can all pocket their
commissions and kickbacks from the defense contractors … meanwhile, they’ll
all pay “lip service” over Memorial Day to the men & women who died so that
they could abuse and game the system for personal profit
… sickening Hypocrites!
Meanwhile markets [cough, bullshit, cough] try and ignore the theatrics cuz
they’ve been to this rodeo before … bears frustrated beyond belief cuz nothing
will truly break [except gold, thank you FED], and even when gold breaks like it
did yesterday, it gets to the Asian session where it’s bid like they’re giving the
shit away! … sun hasn’t even come up in North America, and already gold has a
$20+ range for the day [straight up natch], as Mrs. Watanabe & Gal Pals go bat
shit crazy [BSC] buying gold … same shit different day, as the West sells it, and
the East buys it! … it’s not hard to see who the real Chumps are!
Data this AM from the math whiz kids not looking good for gold or markets in
general … see my shocked face inflation is still a problem, even “officially” … and
just like that, STIRS [short term interest rates] go bat shit crazy [BSC] higher in
the now usual “speed of light” trading paradigm we live in … gold goes tapioca
on higher rates, natch, and here we are stuck around 1945 … now what Spicoli?
… meanwhile, the new tech bubble inside the NDX100 going strong, and you’d
think it’s time to party like it’s NYE 1999 … right, sharply higher rates and
stagflation don’t affect the mighty tech … NVIDIA the new new tech darling, and
will never go lower again.
Meanwhile, as if everybody didn’t know this was gonna be the scenario
beforehand, “debt ceiling hysteria” is griping markets as a “deal” is worked out
that highlights this entire sham, scam kabuki theater bullshit on steroids … they
really do think people are absolutely oblivious to the bullshit “smoke & mirrors”
in this deal, and they’ll go on spending like drunken sailors on leave just like they
always do … to buy votes and enrich themselves … the Banana Republic is truly
FUCKED, I don’t care what Fuhrer Biden or his communist crew say, or McCarthy
the RINO has to say either … the “uniparty” was always gonna bring it about like
this, and if you believe otherwise you’re dumber than a bag of carrots.
Every incumbent in “the Swamp” knows 1) they’ll cheat and scam the shit out of
any “deal”, and 2) that if social security payments are missed, even by a frickin’
day, there’s gonna be Hell to pay for incumbents across the fruited plain … and
while they could care less if you live or die, they do care about retaining power,
and that’s the only thing that will get them to agree on some scam that’s
meaningless so the treasury can go back to issuing fiat to Dummies and checks
can fly out the frickin’ window … what a joke … are you not entertained in the
Banana Republic?
Into the “Biden Gulag” [a/k/a New York] afternoon, and gold had its moment in the
sun during the Asian session, and since New York took over, it’s been a bucket of
shit … can’t move more than about ± $3 from a median price the entire day, and
it’s nothing but Loser Formation chop … a little movement in “Stock Bellies”,
which saw Bitcoin make its only move for the day, as the “risk on” trade hit
markets cuz of planted stories about the debt ceiling deal, and it was “feed the
chipmunks” time anyway right after the criminal, money laundering NYSE open
… perfect timing from the manipulators to run stops … amirite or amirite!? … I
mean c’mon, we can’t have markets melt down on a Friday before a 3 day
weekend, cuz that would lead to thinking on the part of Sheeple, and as we all
know, thinking is dangerous … the propaganda is much more preferable than the
reality that the Banana Republic is dead broke and headed for financial
Armageddon sooner rather than later … soothing words from Biden’s Fuhrer
bunker would then be imminent.
Gold just can’t catch a bid, unless it’s from oversold levels … this week, new
buying has evaporated completely from specs [not central banks though], and
the amount of time gold has spent with price above the HULL204 is miniscule,
especially on this side of the world … New York will have none of it! … and that
means no tailwind for price appreciation … not that BTC has been much better
cuz it hasn’t … very lethargic most of the week.
No trades in gold today for the PAMM, exactly for the same reason that’s been
around all week … simply, price cannot maintain a bid to give us high probability
long profitable trades … and in that absence, gold simply either chops or goes
down to the next support level … over in crypto land, multiple trades in BTC for
“The Syndicate” and we’re UP APPROXIMATELY 0.7% … and that one move right
after the NYSE open is the whole day of movement … other than that it’s been
dead … BTC has started to slow down and go lower in terms of daily range
… there’s still enough room there given our trading conditions to make profitable
trades @ IQCENT, but it’s not optimal by any stretch … blog update on Sunday.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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