May 20, 2022

What the heck happened?

Good Day… And a Wonderful Wednesday to you!… And Welcome to December! It was another game last night where the Blues couldn’t be watched anywhere unless you have ESPN+ or HULU, and since I don’t like to pay for extra stations, I had to settle for listening to the game on the radio… Our Blues won the game 4-3 in a shootout, which I’ll say yet again, is the stupidest way to settle the outcome of a game… I read my latest book, and listened to the game… I was looking for someone to console me after the goings-on in the markets yesterday… We’ll get to that in a moment, but first, the David Ian Trio greets me this morning with their version of We Three Kings…

What happened yesterday? After hitting send yesterday, I watched Gold climb the ladder to a gain of more than $24 on the day…

And then… the spring trap was sprung and Gold ended up down $9.70! That’s a more than $33 turnaround! Now, don’t even begin to tell me that this wasn’t a case of price manipulation… How can Gold be the cat’s meow one minute and the next minute be the cat’s litter box, without price manipulation… Sure there could have been profit taking by short-term traders but not to the tune of a $33 turnaround! No sirree Bob! Can’t happen like that, no way, that dog is not gonna hunt!

And the dollar turned around too.. .at one point yesterday morning the BBDXY was down 8 points! But ended the day still down on the day, but not by much… So, the PPT was in throwing the ESF’s treasure chest of funds, around too… This was a day for the ages folks… the price manipulation of the metals and the dollar were beyond comprehension… I sat there last night, after turning the computer to see how high Gold got, only to be flabbergasted at what I was seeing, and said to myself, I just don’t think I can take much more of this…

But that would mean I quit writing, and you know me… I can’t do that! A few months ago I said that I wasn’t going to give the price manipulators any thought any longer… But that didn’t last, and here I am, rock you like a hurricane, no wait! Here I am trying to put the pieces back together after another engineered takedown… So, don’t worry, I’m not going to quit writing… I’m not going to let these sons of beekeepers win!

For the record, Gold ended up down $9.70 on the day to close at $1,775.80, and Silver ended up down 3-cents on the day, to close at $22.95… The BBDXY which started the day at 1,182.54, ended the day, after being down over 8 points, at 1,182.66… Oil fell further yesterday, as the fear of lockdowns, no traveling, etc. from the new Omicron variant, has really spooked Oil traders and investors… The price of Oil fell to $67.23… Stocks fell 652 points in the Dow, and 245 points in the NASDAQ, while bonds finally saw some selling and lost ground on the day.

The thing that everyone was pointing to as the reason for the stock sell-off was the flip flop that Fed/ Cabal/ Cartel Chairman Powell made with regards to his outlook for Inflation, and that he will have to move up the timeline for a rate hike… I get it, he said he was moving up the timing of his rate hike, but he didn’t say to what date, or by how much… I’m just questioning this as the big mover…

And so, then the Gov’t see’s the Fed’s dilemma and decides to turn the printing presses back on, but all that does is fuel inflation higher… Talk about a rock and hard place…. That’s where the Fed/Cabal/Cartel and the Gov’t are right now, folks…

And we’re not talking about rocket scientists calling the shots here folks… We’re talking about our elected officials… I found this on Twitter yesterday, and it’s a quote from Spike Cohen who had this to say, Government is a collection of some of the dumbest and most dishonest people among us, empowered to make decisions that they exempt themselves from, and pay for all of it by running up debts for the rest of us to pay off Spike Cohen on Twitter…