“As legit as bogus, planted headlines that move FX for the mistress funds !”
The amazing coincidences just keep piling up … this morning at around 09:30
server time [2:30 AM EST], just as mainland Europe is opening for another
day of rumors, half truths, lies, & general bullshit guaranteed to produce
losses, along comes a planted headline that immediately muscles “risk on”
trades higher … Trump & Xi want to avoid a trade war and make nice at the
G20 … only it’s from a November 1 telephone call … “gosh, the ones who
planted the headline, forgot to mention it’s from over 3 weeks ago … whoops
… purely accidental I’m sure, but it’s “mission accomplished” for those Pols,
Apparatchiks, regulators, & brokerage house execs who need the mistress funds
replenished for the X-MAS Holidays … “have you seen first class tickets to
Barbados and the villa charges per night? … OMG!, I’m gonna need some help
here fellas”! … bing, bang, BOOM! … here’s your headline, have my paper bag
full of cash in my garage by the end of the upcoming weekend”!
And of course, once it’s all over and the “one & done” drive by mugging of
retail spec accounts is finished and complete, it’s back to “sleepytime” until the
next installment of “fund a mistress account” comes to a friendly FX pair of
your choosing … simply take a position and wait, cuz Bloomberg will tip off
the HFT’s with the algo inducing headline, and they’ll find you.
Newbies may wonder how this is allowed to happen … allowed to happen?
… WTF, this is SOP [standard operating procedure], and has been for over 40
years … nothing is done, cuz nobody of importance in power wants it to end
… it’s the Holy Grail of “gravy trains”, and the only ones who lose are traders,
and quite frankly who gives a fuck about them? For its part, gold reacted
mildly to the “fake news”, as gold dealers got their own gig to hustle the spec
community with, so no need to waste stop hunts on something like this.
Of course, all of this doesn’t mean gold dealers won’t get their chance
sometime today to fuck stops royally [long side, short side, or both]… which
they promptly did at 12:26 server time … “this shit can’t move $3 in over 13
hours, but can move $2 in 13 seconds from nowhere, and then promptly die
… another example, along with the FX shenanigans previously mentioned, why
volumes are remarkably lower than just 5 years ago … simply put, it’s a rigged
casino”. And with that mugging to the high of the day [so far], gold now has a
$5 range … break out the champagne bottles … can it get worse? … “well,
today makes the case, that yes indeed, it can and has gotten worse”.
Now we’re headed into the New York session with a minuscule range, no
volume, & zero liquidity … “what can possibly go wrong here”? … “this is
simply “Christmas comes early” for bullion dealers … more bullshit is on the
way, I guarantee it … “scumbaggery” is in store, as sure as I’m sitting here
… time to sit back and see what levels of pure bullshit they dream up and execute
to steal money … the day is early yet … plenty of time for fun and games”.
And with a Twit from the FED speaking at 8:30 A.M. EST, a perfect time for a
new high for the day, trip off some buy stops, and then bomb the hell out of it
...which, they did natch … about $4 in 27 minutes … “just another day in the
ongoing installment of the “Flying Wedge of Death” [FWD], the bullion dealers
BFF technical indicator of choice”. Does anyone really believe the bullion
banks weren’t told beforehand what he was going to say, and that his higher
rates scenario wasn’t known? “If you somehow believe that, let me interest you in
some prime beachfront property in Kansas”!
And so, the rigged casino moves forward … it remains to be seen if gold can
drop … given Clarida’s assessment of the rate hike environment, markets are
reacting with a none too little skepticism … one which is well deserved given
the FED’s track record of dismal performance, and hiking rates right into a
recession/depression … “yea, listen to these guys, how bad could it be”? [snark]
Given the fact last week a guy buried a hedge fund with Nat Gas options, let
him run the FED!
And since the FED Twit opened his Pie Hole? … well, not much, and then here
it comes out of the blue … “are we not entertained”?! … it’s hard to make this
shit up folks. Live long enough and trade markets, and you see everything
… and today gets added to something I don’t ever remember seeing in gold
before … “for 6 straight days, we can’t get this shit to move $5 … then a FED
Pie Hole comes along and reiterates something the entire trading world has
known forever, which is the FED is gradually hiking interest rates to normalize
the curve, and suddenly we go from 1222 and break 1220, and move down to 1216
in minutes … where’s the up retracement? … yea, it’s a very small one of about
$2, which isn’t large enough to get short, cuz gold’s fingerprint is about $3
… and from there it’s a literal glacier of slow selling that sees zero rallies of any
substance over about 50 cents” … directly below, to give you the visual effect,
gold’s M30 on the breakdown, with commentary.
click to enlarge
Does anybody see any retracement to sell? … and that folks, is the paradigm
gold finds itself in these days, cuz there is no trading … it’s simply a one-way
ticket up or down and when it does correct, you don’t want it anymore cuz
there isn’t anything behind it to move it farther along … nothing!
No trades today in the PAMM or C2 options advisory signals.
If the market could have gotten back up to 1219, after the first breach of 1220,
we would have gotten a solid sell signal, but 1218 was it before the slaughter
began anew … “did I not tell you earlier the bullion dealers would have a field
day with this shit today? … some things never change, and dealer ‘scumbaggery”
is one of ‘em”. At least we didn’t get caught in this bullshit, cuz when that
happens, there’s no way to make it back.
And again today, we see the “TNT & Crickets” markets have become … it’s
either bat shit crazy or it’s dead … we got both today. Let’s see what
tomorrow brings … Europe’s closed now, longs have been crushed into dust
[again], and I want no part of a New York afternoon with no volume and less
liquidity, and dealers hell bent on double max slippage … I’m outta here
… this stuff disgusts me at the moment … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!!
-vegas
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OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY
SERVICE. DETAILS IN “DOWNLOAD LINKS” SECTION IN
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