“Like invisible gold trading … only better!”
And that pretty much sums up the first 15 hours of the day in gold … pop the
champagne corks, cuz we got a whoppin’ $4.11 range … and prompts me to
ask, “is there anybody left trading gold besides us”? … If gold was a movie, it
would be “Home Alone” … Is there such a thing as negative volatility? … if so,
like √-1 [which is “i”], maybe I can measure that.
Overnight, another risk free trade in the RUT2000 … details over on the crude
blog … and even though WTI is somewhat subdued today [oil inventories
@ 10:30 AM EST] so far, and the planted headlines from the usual suspects in
the financial MSM have moved stock indices higher [what else is new?],
whatever it is they’re doing looks like “King Kong versus Godzilla” compared to
the utter horseshit going on in gold. Here, an hour before stocks open in New
York, gold still can’t climb the mammoth wall of a $5 range for the day … FFS.
I see and read with amusement over on ZH yesterday, that Cable traders are
“disgusted” with trading GBPUSD … they’ve stopped trading it. As your
reading, simply substitute gold for Cable. Link directly below.
“How many months have I been commenting on the Pol & Apparatchik daily
bullshit to fund the mistress accounts at trader expense? … Hit a donkey
repeatedly in the head with a board, and when he sees you comin’, he’ll take
preventive measures I can assure you … but traders? … Nah, they wouldn’t do
that to us … would they? … and yes, you’d be right in then assuming most
traders are dumber than asses”.
If this wasn’t so pathetic it would be laughable … new high by 2 pennies, and
then the “Thelma & Louise” comes on cue … another “Flying Wedge of Death”
[FWD] beauty … “but yea, honest markets … no manipulative attempts here by
dealers to click off the obligatory buy stops and then drop price … I’m sure the
“coincidence” that happens every day is just that”. Another FFS.
Noon in New York, and I’m actually embarrassed for gold … I don’t even
know how you call this a trading market … 19 hours into the day and it can’t
even move $5 from the tips … New York has only seen $3 ½ bucks … “and the
“Home Alone” saga continues”. It’s been a very long time since I’ve seen this,
but the only thing you can do is wait it out, otherwise the bullion dealers
simply bleed you dry. What can I say, it is what it is.
And then from the Morgue table, gold spikes straight to a new high for the
day, going up a massive $2.50 in 10 straight green M1’s, to hit a new high for
the day … and then proceeds to [again], climb in the back seat of the “Thelma
& Louise” express and head right for the floor … “another coincidence, I’m
sure had nothing to do with any of the bullion dealers running some buy stops”
… and again we see the “scumbaggery” when ranges are extremely tight … as
I’ve noted before, they got to make their money one way or another, and quite
frankly they don’t care how they take it out of your account … but rest
assured, they will attempt to take it! And with that little bit of “scumbaggery”,
we now got a $5.34 range for the day … big whoop, and quite frankly
Again, I’ve reached my limit with gold today … shit is unbelievably dead. On
a brighter note, though, a threesome of trades over on the crude blog for
readers to digest.
NO PAMM trades again today, and no trades in the C2 options signal service.
Anybody that trades gold in these conditions is nuts … you risk dollars to
literally make pennies, in an environment where there is zero volume, less
liquidity, and the ever present scumbag LP bullion banks ready to hand out
“slippage candy” … this is “stupid shit”. All we can do is wait it out.
Please visit our sister site, www.traderzoocrude.blogspot.com and read my
blog over there as well for today, and if you like the blog, signup and follow
… three different kinds of trades today … ones that each of you reading this
should be interested in and emulating. The crude blog isn’t just about crude,
and quite frankly if I can be blunt, “the NADEX trading platform offers so
many different strategies that can be employed to make money, from simple
trading like what’s available on Turnkey’s MT4 platform, to arbitrage & options
strategies that are far superior to simple trading … why? … EASY PEEZEE: far
less risk and equal return of profit, simple as that”!
I’m outta here … can’t take another second of watching paint dry in gold
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!!
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”!