In the twisted, sordid world of everyday Banana Republic bullshit, aided and
abetted by nonstop propaganda from state run MSM, nothing escapes the
watchful eyes of the gerontocracy running politics to sports, and the way the
“good ‘ol boys” want the club to be run … “there’s this club, and you ain’t in it!”
is the official mantra of the ruling class … and nowhere is this more pronounced
and enforced than in college sports, especially high stakes college football
… run by the Gestapo like NCAA, more polluted & corrupt than Libtard Nation on
steroids … we now have the “Power 5” conferences, where the big money is
doled out, and along comes “Prime Time” Coach Deion Sanders to throw a
“bigly & yuge” monkey wrench into the equation … oh, the “haters” are there,
cuz what upsets them more than anything is the impact Coach Prime 1) already
has had in recruiting, and 2) the fresh blood he brings to the table upsetting the
“good ‘ol boy” network of coaching that sees tired retreads get hired over
qualified minority coaches from places like the HBCU network and FCS division
schools … can’t have that!
From where I’m sittin’, if I were a parent of a highly talented football recruit
[4 or 5 star], I would most definitely want my kid to be under the guidance and
direction of Coach Prime … everybody in this world has sin and has sinned
many times … nobody is perfect, but there are people who truly stand above
others in terms of moral character, work ethic, discipline, and focusing on
achieving your goals in life … look at Coach Prime and then cast a glance at a
complete bumbling, lying, hypocritical crook like Joe Biden … who would you
like your kid or grandkid to emulate and be like? … the question answers itself!
Turning to the “Slots-A-Rama” pavilion inside the world’s most corrupt casino,
4 day vacation is over, and it’s back to figuring out what the manipulators want
to do this week … well, the “Thugs & Dictators” in OPEC+ have spoken … Russia
to cut production and Saudi Arabia to leave production cuts in place through year
end … apparently, it’s “fun” to put the screws to senile Joe Biden and the U.S., so
where is inflation headed now? … oil immediately jumps $2 in less than 100
seconds, and like clockwork the Coinexx oil LP or LP’s decide to blow the oil
spread out to 5+ cents … “thanks assholes!” … oil now settled down some, and
the spread is back to 1 - 2 cents … historically, oil has a habit of the “Thugs &
Dictators” doing shit like this to trap shorts, then stand at the top of the blow off
and “sell, Mortimer, SELL!!” … you just never know when mistress demands for
shopping can call for a quick $2, $3, or $5 million dollar shopping spree in
Switzerland [or Dubai] and you need some handy cash!
Just remember, just cuz they “call for” a production cut doesn’t mean there
actually will be one … “Thugs & Dictators” may be thugs & dictators, but they
ain’t stupid and they know how to play the West when it comes to markets … Vlad
& crew have been doing it for decades, and first started with gold back in the 80’s
when he was KGB Grand Poohbah … I can assure you he was long oil before his
oil minister strode to the microphone! … he is the master! … and I’m sure, he’s
moved on to energy but will “play” gold when the time becomes
appropriate again.
Oil supplies are very tight … in fact, the world is drawing on inventories to meet
demand … as one said over on ZH, Biden weaponized the dollar, and now the
Saudi’s & Vlad are weaponing oil … and while “Taliban Joe” has done a
wonderful job of depleting the SPR, here’s what he’s done to oil rigs operating
in the U.S., as the graph below shows.
That’s some record for the worst Preezy in U.S. history by a long shot … the
happiest guy in the world is Jimbo Carter, where Biden makes him look like
Einstein … in case you haven’t noticed, the Banana Republic is in deep,
deep trouble.
Meanwhile, gold looks like nobody cares or is giving it any respect at all … the
Rodney Dangerfield of markets! … what a pathetic trade today, now into the
New York afternoon with a $13 range … $8 for 8+ hours of nothingness!
… seriously, can it get any worse for our favorite pet yellow rock? … and what
the Hell has happened to crypto? … this is like “nuclear winter” all over again
… “Stock Bellies” doing NADA, where the DOW30 has barely moved since the
NYSE open … the oil shock news from Vlad & his best bud in Saudi Arabia, and
some new highs for the year in USDJPY … other than that, nothing to show for
any trade on the board … another “stink bomb” Monday after NFP Friday, the
second worst trading day of the month by far … what did we do to ever deserve
shit like this?
Oil blown apart cuz of the news, and it skews the shit out of all of our algorithm
parameters going forward today from the news release … it sucks up and
destroys buy and sell fuel cuz of the panic, and quite frankly there’s nothing
worse than trying to trade a market that is in panic mode … up or down, the
dynamics change, and change drastically … it’s like a football team that is
always used to being up in the score, and then they run into an opponent and
find themselves down 21 points going into halftime … the emotions will be vastly
different, and their response will most likely show some form of panic, like trick
plays or fake punts … very hard to decipher! … so it is with oil today, but the
good news is that the trade looks and feels vibrant going forward … gold so far,
not so much.
“Stock Bellies”, at least the DOW30, finally pukes lower … I guess traders finally
figured out sharply higher oil prices and resultant inflation ain’t exactly good for
“Stonks” … not that the cult members of the NDX100 care, cuz as we all know,
tech “Stonks” and “AI Stonks” like NVDA can only go higher no matter what
… won’t it be something when that bubble finally goes “POP!”
No trades in anything today … looking for better conditions tomorrow & beyond
now that we’re outta Summer … today was a “one off” from oil news … regular
weekly oil inventories tomorrow from the EIA at 10:30 AM EST, while tonight after
the close @ 4:30 PM EST, API gives its inventories of crude oil … should be a
good trading day tomorrow barring any news items that ultimately affect oil
… you just never know! … onto tomorrow.
… 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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