“What does a gold trader say when he picks up the phone!?”
Bueller? … Bueller? … it’s what gold feels and trades like, as it sputters to its
slow death … for a roadmap, just ask anybody who used to trade silver … “oh
sure, there’s still a “market”, if you want to call it that for the folks out in ‘Murica,
but nobody pays any attention to it, it doesn’t “trade”, but lurches to somewhere in
the mix of intolerable chop & bullion dealer “scumbaggery” … the powers that be
killed it, cuz in the modern world of Elites, there’s no place for the PM’s
… NONE … and they’re doing the same thing to gold … I can see it, I can feel it,
and I’m not gonna deny it”.
And when the current small blimp up runs out of steam, it’s back to the
“Comex Con Game”, and my belief is the market won’t come back from the
devastation wrought on the specs this time around going down … “tag it, bag it,
bury it”. And then it carries on in darkness for only God knows how long.
That’s not to say you can’t position it, but to do that you’re almost required to
use option strategies that play out over time … “that’s what I’m doing in the C2
options service signals, utilizing the ETF GLD, which is the SP gold exchange
traded fund listed on the NYSE … right now, we’re LONG volatility, and have
recently sold “fat” OTM calls to lock in profits and cover premium paid for
… those positions are working very well”. In the SPY, which is the ETF for the
SP500, I’ve stayed away cuz the volatility on the downside is so great, nothing
on the Put side will Theta decay cuz of the risk … and if the market rallies, you
lose on the Calls but aren’t going to see the same gains on the short side of the
ledger cuz of risk … so, I’ve stayed away from these.
As we limp to the NYSE open, gold an absolute bucket of shit … 15 minutes in
Europe, and literally nothing after that … New York completely dead so far
… in its present state, this stuff can’t be traded, cuz the risk far outweighs any
reward … “hey, it is what it is, and that’s why this market has no volumes going
through it, cuz the customers have left … there isn’t anybody that gives a shit”!
Afternoon in New York, and everybody out there enjoying this pathetic $3
range after 7+ hours of bullshit? … still think I’m being facetious that this
market is f-ing dead … look around, everything else on the board from FX to
Oil to stock indices doing something … up/down, some volatile conditions all
around … except gold that is … “calling silver … please pick up the white
courtesy phone and explain to gold the problem, and what happens next”!
Just too pathetic to even comment on … “where do you even start to explain
how bad trading can get”? … I’ll trade it, if there’s a trade to be made, but this
is ridiculous … I’ll simply wait to buy breaks when the range gets extended
lower … everything else is horseshit. I’m outta here mi amigos
… Onward & Upward!!
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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