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Wednesday, November 7, 2018

DYSFUNCTIONAL AMERICA = CHAOTIC MARKETS

“Welcome to USA FUBAR!”

Some thoughts on yesterday’s midterm elections … 1) spineless, squish Repubs, 
in the House, who initially dissed President Trump got crushed, 2) Hollywood 
elites sure know how to waste money in Texas, 3) Florida is saved from being 
Venezuela, 4) New Jersey loves corruption, 5) Minnesota believes the guy, 
6) Taylor Swift should stick to music, 6) Ex Preezy Empty Suit really should 
retire, and 7) Libtard Loons now running the House can play Student Council 
for two years, while the WH & Senate completely ignore them. Bottom line, 
though, is that unless Repubs are willing to stand up, like Trump, and push 
back against globalism, socialism, and the “free shit army” warriors, the U.S. 
has no future … it’s a clusterfark … “you voted for this upcoming circus 
‘Murica, now deal with it”.

As far as markets are concerned, gold doesn’t know what to do … the “Great 
Bullion Wall of Selling” is still intact [so far], between 1236 - 1242 … it looks to 
me as though interest rates will go lower cuz of dismal prospects for economic 
growth … the U.S. Dollar is offered … stocks stay range bound … gold is 
supported … going forward into 2019, the wildcard is simply, “just how 
fucking insane & wacky are the Loons running the House now gonna be? … I’d 
bet on off the charts”.

Turning to today’s gold market … numerous attempts overnight to bust the 
“Great Bullion Wall of Selling”, but to no avail … “eventually, I think it gives 
way, but it’s gonna be a struggle … FED interest rate policy, due tomorrow, will 
most likely support gold … we got “gridlock” coming folks, and that will support 
price somewhat … I think the era of gold simply going down every week is over 
for now … that doesn’t necessarily mean it goes up, but the underlying outlook is 
more favorable than it’s been in a while”. Unless the clueless FED Twits do 
something defined as “stupid shit”, like continuing to raise rates, I would 
expect gold to be supported from a nasty sell off below 1200.

Overnight saw some very “whippy” trading action … as the election news 
flowed in, the “Chuckleheads”, right along with Mrs. Wantanabe & Gal Pals, 
jumped in, got flushed, tried again, got flushed again, and looking at the action 
it was apparent the climb higher was indeed a struggle … and then Boom! 
… the screwing of somebody’s buy stop, and the immediate pain of the 
henceforth drop back down … “if I was cynical, I’d say the bullion dealers 
intentionally set the buy stop off, only to sell it and “monkey hammer” the market 
off a reversal high … nahhhh, they wouldn’t do that, would they”?

And once again, you can’t fight history … both the “Chuckleheads” & Mrs. 
Wantanabe & Gal Pals get it wrong “bigly & yuge” … first they sell it off, then 
they move it to the high … some chop … and then as we get about an hour 
from New York … “well, thanks for playin’, please come again!” … and it’s 
been down ever since. New York, with again a very pitiful range given the 
political circumstances overnight … it isn’t even a market anymore, just 
dealer led “chop” where if you trade it, you can’t escape.

Only one algo buy trade … PAMM up slightly.

“You just can’t get a lead on this stuff … and the spikes down are brutal in 
scope”. And if you’re a second late getting out, you could be looking at 50 cents 
to a dollar on the downside against you … really brutal trading conditions 
from the bullion dealers. Now that the elections are out of the way, hopefully 
we can get back to more normal conditions, which of course now is, taking 
advantage of the “Chuckleheads” & Mrs. Wantanabe & Gal Pals in the Asian 
session and into the early first part of the European session, where the action in 
gold has been robust … it’s almost if there’s a market there! So, we should see 
better results [a/k/a profitability] starting tonight and going forward.

COMMAND DECISION TIME!!
The response to the C2 options advisory signals, in GLD, has been great 
… However, I’ve gotten a lot of emails from people who ask [paraphrasing 
their thoughts], “hey -vegas, why don’t you do SPY [SP500] options in the same 
advisory service as well? … it’s the largest by far, approximately 20 times the 
GLD per day, and has an enormous open interest … 2 markets for the price of 
one! … and since I trade both, I’d sign up, given the price is so low! 
… whaddaya say”?

MY RESPONSE: “The “VEGAS GOLD TRADER” has now become, effective 
today, the “VEGAS GLD/SPY OPTIONS” signal service”! You 
asked for it, you got it! Now, you get 2 markets for the price of one, at the 
same price! 

And while my PAMM solely trades XAUUSD daily, the C2 options signals 
service expands your trading opportunities, to the world’s largest & most 
liquid options contract, the SP500 … “so, look for some trades in the near future 
in SPY options … you have to be signed up to follow in real time, otherwise you 
can only see closed trades … and, as a reminder, you get THREE [3] FREE 
MONTHS of options signals, and after that it’s 60 frickin’ cents a day … the dog 
is already signed up, but he’s doing “paw stands” he’s so frickin’ excited … option 
signals details over in “Download Links”, and in the coming days I’ll have SPY 
added to the “Information Tutorial” … seriously, whaddaya want from me for 2 
quarters & a dime”?

Onto tomorrow, and then a FED interest rate decision @ 2 PM EST … I’m 
outta here … until tomorrow mi amigos … Onward & Upward!!

PAMM Spreadsheet will be up tomorrow, and fully updated.

Have a great day everybody!!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND
OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 
SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 
RIGHT HAND COLUMN. START YOUR JOURNEY FROM 
WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!








 









 

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