Your move FED, as the ChiComs waste no time last night taking gold to $2400
per OZ. … “whatcha gonna do FED Lounge Lizards? … sell MOAR!? … and what
happens some day when the world finds out you ain’t got the 8,000 tonnes of
gold you say you got? … both the FED & Treasury won’t allow an audit, so
nobody knows for sure if it’s there or not … what if it ain’t? … why would
anybody refuse an audit if everything were legit? … SHORT ANSWER: “THEY
WOULDN’T!!” … no need to ever fight a physical war, simply suck them dry and
take all of the gold while leaving them with worthless fiat toilet paper backed by
NOTHING … TO THIS DAY, IT STILL AMAZES ME THAT PEOPLE LOAN THE U.S.
GOVERNMENT MONEY, and get interest BELOW the real inflation rate … what
kind of special Dope does that?
Decades upon decades, and many years being ignored, gold does in a couple of
months everything known to human psychology to literally destroy a market
… and now at last, central banks buying the top and sending price into “The
Twilight Zone”, where if you trade it you’re nuts … this isn’t a market any more,
it’s completely devoid of market qualities … Hell, even Bitcoin when it was
going from 3,000 in May 2020 up to 66,000 for its first major top, had corrective
activity and could be traded … not gold, currently on a bender like sailors on
shore leave at a bar … and you have to wonder, what happens when the FED
finally does fold their cards and stops shorting gold and gets out … hundreds
of BILLIONS in the hole, what idiotic horseshit do they throw at markets then?
Currently we’re at “End of the World” long positioning part II going into a
weekend where Iran versus Israel seems to be a not insignificant probability
… when we wake up Sunday night and we’re all still here, will anybody care?
… Nope, I don’t think so, so why not gap up to $2500 per OZ. in 2 minutes and
just get it the fuck over with for the day? … actually trade some? … no, that’s
what’s known as a “market”, and that doesn’t describe gold any longer.
Bank earnings suck, “Gee who knew?”, rates on the 10 YR. still at 4.5% or
thereabouts, and the “Spoos” seeing extreme long positioning itself since
November lows some 1,200 index points lower, and you wonder when this
market cracks and goes “Thelma & Louise”? … and suddenly, while everybody
and their pet rabbit is picking out their new shiny red Porsche, along comes a
gut wrenching $50 drop in gold just to remind folks shit goes down as well as
up … some crazy ass bid/offers along the way, and I’m sure if you had a sell stop
in there you got treated fairly, right? Bwahahaha! … from a trading perspective, I
don’t care where anything is at in any market … it’s just numbers on a screen and
doesn’t reflect reality anyway … you ain’t trading what you think you are trading,
you’re trading human psychology, and it makes no difference if its “widgets”,
gold, or “Spoos” … they ALL act the same at different times and put in the same
formations on a chart, and by and large get traders to do the exact same things
they would do no matter what they trade … every market has its day in the sun,
and every market goes bat shit crazy [BSC] and gets crushed like all the others
… ain’t nothin’ special here in this arena, other than the “Stock Bellies” operate
in an “88/6/6” paradigm whether you like it or not, and all other markets don’t
… gold for its part, just had a senior moment, and let’s hope it leads to trading
instead of simply one way action before it dies until next time.
“Spoos” proving today, that no matter what the news is [and it was bad], there’s
ALWAYS tradeable rallies anybody can scalp using the algorithm … at least so
far into NOON EST, RM levels on both the m15 [RM=3] & m1 [RM=1, along with
the MACD histogram (8 period fast, 15 period slow)] doing exceptionally well in
modeling price behavior going forward a few minutes for scalps … if it wasn’t
for gold breaking like it has, I’d be paying more attention to the “Spoos”.
There come days in trading, not very often to be sure, where everything is NUTZ
and falling like “Thelma & Louise” headed to the bottom of the quarry … only
thing is, we can’t see where the bottom is … bottom coming in 3 … 2 … 1? …,
or the abyss from “300” that has no bottom … throw in overextended markets
that haven’t seen this level of long hubris, and it’s quite the setup for a Friday
where the world might end this weekend … [again!] … with people trapped,
countdown to the close has the potential to be a real disaster … maybe, maybe
not, but I don’t wanna find out … gold, silver, “Spoos” particularly vulnerable,
especially when those trapped convince themselves it can’t get any worse
… trust me, IT CAN GET WORSE!
Of the 3 markets, “Spoos” about the only one that can be counted on to see
some kind of scalpable rallies, simply cuz of the “88/6/6” paradigm the rest don’t
have … gold the worst, gapping all over the place … Still, one decent scalp trade
for the PAMM and WE’RE UP SLIGHTLY … QUITE FRANKLY, “Spoos” are more
overextnded than gold to the upside, having put in about 1200 index points in 23
weeks with only 4 “Friday to Friday” weekly closes lower, and those not by much
… UP 30% on what exactly? … oh that’s right, all of those rate cut fairy tale
hopes and dreams that were gonna see 200+ bps of cuts in 2024 … now down
to 38 basis points and still going lower thanks to inflation figures that are vastly
underreported … how about a rate hike? … anybody got that calculus for the
“Spoos” or gold at these levels?
Won’t next week be interesting given what we’ve seen today? … blog update on
Sunday! … CYA then!
… 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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