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Massive Action In Comex Gold Report - Rage From the Trumpy Bunker

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Published : June 02nd, 2020
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Category : GoldWire

"President Donald Trump berated governors during a call on Monday, calling them 'weak' and demanding they 'dominate' protesters with force after another night of uprisings in American cities.  The president told the leaders they 'have to get much tougher' because 'most of you are weak.'  The president repeatedly questioned the leadership of the governors, and asked them 'dominate' and target protesters, and to make use of the National Guard."

MEDIAite, Trump Berates Governors as ‘Fools’ and ‘Jerks’


"People who know nothing of God and whose lives are centered on themselves, imagine that they can only find themselves by asserting their own desires and ambitions and appetites in a struggle with the rest of the world. They try to become real by imposing themselves on other people, by appropriating for themselves some share of the limited supply of created goods and thus emphasizing the difference between themselves and the other men who have less than they, or nothing at all."

Thomas Merton


"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky. There have always been plagues and wars, yet they always take us by surprise. When war breaks out people say it's stupid and won't last long. Stupidity has a knack of getting in the way, which we would see if not wrapped up in ourselves. In this our townsfolk were like everybody else— they did not believe in plagues."

Albert Camus, The Plague

Stocks drifted higher still today, on exceptionally light volume.

They shook off the wave of protests sweeping US cities, as well as Trump's latest bouts of toothless rage against China and the realities of government.

There was a remarkable amount of activity in the Comex Gold contract for June. I include the clearing report as the first chart below.

Most of the 'house' accounts were buyers, with the notable selling exception in Citigroup.

These are momentum markets here, being shoved around by a few players with huge amounts of hot, easy money.

Momentum markets tend to collapse in a big way when they hit the right kind of exogenous event.

For those of us who are old enough to remember the 60's and early 70's, this is déjà vu.

But, history is a harsh instructor, especially for those who choose to ignore its lessons for long periods of complacent abusiveness.

We have only just begun.

The weather has been beautiful.  The yard and garden are beautiful.  Even the orchestra (of birds) is beautiful.  lol

Have a pleasant evening.




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