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Thursday, September 8, 2016

THE GOLD MATRIX


“TO BE FAIR, ADD GOLD TRADING TO THIS LIST!”




In the seemingly never ending series of which dumb ass, clueless financial elite speaks today and manipulates markets with bullshit, I bring you “Super Mario Day”; where the ex [well, nobody is really an “ex” are they?] Vampire Squid alum gets to tell us just how fucked up Europe actually is; in other words, “Everything is F-ing Awesome Baby!, European version.
Our cameras caught Super Mario just before his presser, directly below. Keep up the good job Mario, nobody is doing “God’s Work” better than you.

“Please Mario, enlighten us.” 

And sure enough, Super Mario disappoints, because unless he’s willing to start buying vintage Barbie dolls, baseball cards, and getting the helicopter warmed up to start dropping money from the sky, the markets were expecting too much in the way of “traditional” QE. “Hey, there’s always the December ECB meeting to look forward to and usher in more money printing.”
And that of course disappoints the gold buyers and emboldens the bullion banks & dealers, who in a matter of seconds not only take gold a couple of bucks lower but sees commercials erect the “bullion wall” of sell orders above the market. Good luck taking it higher no matter how much money you think you have.
Again, with Super Mario on the docket, my expectations for today weren’t and aren’t very high; I will take early algo trades, if and when they come, but come about 08:40 [presser started at 08:45] I don’t want a position and get blindsided by this dufuss; the reward isn’t anywhere near the risk if he does “stupid shit”, and given his track record, he certainly has the ability.
Directly below is the one algo trade I did today; after that, I’m not interested.

What makes gold so hard to trade for the uninitiated are 2 major themes; 1) there are no fundamentals other than fear and greed, and 2) you have the most dishonest, corrupt, and manipulative dealer community [and their willing accomplices the brokerage houses] of any market traded in the world.
Now, before you get you panties bunched up and think “OMG, how can I possibly consistently profit from trading this?”, your premise that these 2 themes are “negative” [to your profit outcome] are misplaced. These 2 themes are HUGELY POSITIVE!
Nobody can name for me all of the fundamental factors that affect the gold price; NOBODY. Ok, rattle off for me useless stats like mine production, CFTC COT reports, jewelry demand, etc., etc., ad infinitum nauseum, and then show me any correlation between a buy/sell signal on any given day with a high probability of making money. [crickets] No, what drives the gold price are either greed [the greater fool theory] or fear [stops and the need to “run them” by the dealer community]; that’s it, nothing else.




 "Say hello to your Liquidity Provider!"

Which brings me to theme #2, the dealer community and the bullion banks; as corrupt as the Clintons. And if you think conventional technical analysis can be used successfully against these guys … well … I got some land in Florida to sell you also. The key to defeating these guys is to take advantage of the manipulations and profit from them, and that’s exactly what the gold volatility algorithm does; all you need is patience and discipline, which last time I checked were free to everybody. You have to buy at the bottom turns on waterfalls and plum slope changes, and you have to liquidate on large spikes and/or exhaustion lines; forget everything else.
Have you ever noticed the total lack of gold trading websites that are anything other than 3rd grade book reports regurgitating either traditional technical indicators that don’t work or are the “party line” for “gold bugs”? Want 1,000 people at your website? Simply predict $5,000 gold “soon” and you’ll get the true believers flocking to read your analysis. So, why is this?
Short Answer: the 2 themes I mentioned above and the total lack of awareness among the public, that not only do they exist, but complete ignorance of them and the trading ramifications of doing so. It’s a rigged game, and to think otherwise is delusional. I love the fact gold is rigged because it gives me an advantage knowing how they manipulate it and what their telltale signature moves actually are before they start. As I said, it’s not a liability, it’s an asset.
Have a great day everybody!
-vegas

OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO IT NOW!”

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