We have a great risk-reward setup staring us in the face.  So you can have your summer doldrums, your new lows, and your gold seasonals.  This parrot, with disciplined stops, is going long.

But It Won’t Matter…

Did the Banksters Just Engineer A Flash Crash to Load Up Before the Big Move Begins?

It’s NOT Fracking…

We are officially in the first innings of a 2017 gold rush, as gold demand threatens to outstrip supply for the first time in decades…

I have been going to counseling for the better part of four years where my therapist is constantly prodding and pushing and pounding on me to “handle my emotions” such that I don’t “traumatize those around me,” so I nod and I smile and I generally embrace the idea of “modified behaviors” when all I really want to do is grab some banker by the throat and choke him.

On January 1st of this year the Ether price was less than $10. Today it’s nearly $350. That’s a 35x jump in just over six months.
It’s hard to find another asset with that sort of performance. Ever.
Even John Law’s doomed Mississippi Company stock in the 1700s only increased 20x in a year.
In fact, Ether has outperformed the 17th century Dutch tulip bubble, the 18th century South Sea Bubble, and the 20th century dot-com bubble…

“In reality, there is nothing surprising in Matt Taibbi’s latest piece since returning to Rolling Stone from the Intercept, as it tells a story everyone is by now is all too familiar with: a former bank employee (in this case Alayne Fleischmann) who was a worker in a bank’s (in this case JPM) mortgage operations group, where she observed and engaged in what she describes as “massive criminal securities fraud” and who was fired after trying to bring the attention of those above her to said “criminal” activity.
The story doesn’t end there…

At 4:01 AM EST, a paper gold nuclear bomb was detonated in the Comex Globex computer system.  This isn’t some trader’s “fat finger” accidentally overloading the sell button and pressing “sell.”
This is unadulterated BIS/ECB/BoE/Fed sponsored market intervention.
Here’s the reason that today was selected by the BIS et al to attack gold in the paper market in an effort to scare the crap out of the market:

As the United States continues to push towards a military conflict with Russia, there will likely be no real winner when the dust settles.  However, if we compare the these two superpowers in the current “gold market”, the Russians are the clear winners:

Predictably, after the gold price has been pushed down in the paper market by the western Central Banks – primarily the Federal Reserve – negative propaganda to outright fake news proliferates.
Gold’s luck has run out” the MSM informs us…