CRYPTO TICKER

powered by Coinlib

Wednesday, January 2, 2019

HOW DO YOU PUMP LIFE INTO A DEAD MARKET?

“Life in the COMEX HQ men’s room … asking the important question!”

“Well, if you can’t trade it cuz there’s nothing to do, you might as well spend your 
time in a productive manner”.

Other than that, if you want to see just how bad things have gotten in the gold 
market, compared to other tradeable markets, stroll on over to the 
traderzoocrude website [ www.traderzoocrude.blogspot.com ], and in the right 
hand column under “Download Links”, look at 2018 20 Day Range MA’s, and 
compare gold to others … outside of Copper, another metal, gold is pretty 
anemic in the volatility department … “as I’ve said before, what happens when 
other markets slow down some … how much worse can gold volatility get then”?

Cuz, to put all of this into perspective, if this is the best gold can do when 
world stock indices, FX, and energy markets are going full bore “bat shit 
crazy”, when you’d expect to see gold putting in $15 daily ranges at a bare 
minimum, what does it mean when we’re lucky to get HALF of that? … “well, 
it ain’t good, that’s for sure, and it tells me plain as the sun shining in my eyes, 
that the “Comex Con Game” continues unabated, and that the sell side 
manipulators are still in full control … this inching up every day, with almost 
zero corrective trading action, at some point comes to an end with specs getting 
“monkey hammered” when they decide the fun & games are over … it won’t be 
pretty … and who’s gonna be here to trade it then, after yet again another retail 
spec slaughter that we’ve seen consistently over the last 8 years”? If they really 
wanted a healthy gold market, government would leave it the hell alone … but 
we all know that’s not what they want.

So, today starts like every other recently … zero action in Asia … light action 
in Europe that gooses price … New York starts, and it’s DEAD … there’s 
more trading action in Mongolian butter spreads than gold … Greasy Wool 
futures in Australia has higher volumes … if you could trade “dirt futures”, 
it would have higher volumes … literally, nothing to see here while stock 
indices melt down yet again.

Anybody else notice how spreads have ballooned across the board at Turnkey? 
… of course, make an inquiry as to why, and you’ll get the usual horseshit of,  
“we have no control over spreads from the LP’s”, now go away and leave us 
alone … so, with nothing particularly exciting going on, why the increase? 
“IMHO, all across offshore brokerage house trading rooms, volumes are way 
down, biz sucks, and no matter how many deposit bonuses they throw at you, 
people either aren’t trading like they used to, or new accounts ain’t getting 
opened … all of which leaves the scumbag LP banks with a problem … how are 
we gonna get revenues raised? … well, simple … just consider higher spreads the 
trading “tax” you now get to pay to make up for the lost revenue from those that 
have left, and you’ll not be far from the truth … as I have said many times, they 
care not how they get your money, only that they eventually get it … oh wait, you 
aren’t supposed to notice that spreads are higher for no fucking reason except 
pure greed … nevermind”!

I’m trying to keep food down, so forcing me to look at gold action is 
inhumane … nevertheless, with the way things are going after 4+ hours of 
scorching action, maybe gold can get a $5 range for the New York day? 
… maybe … remember a few short months ago when the XAUUSD bid/offer 
spread during the New York session was 7 - 11 cents? … or how about 
EURUSD & USDJPY at 1 or 2 tenths of a PIP spread?… “yea, those are now 
the good old days” … cuz now it’s 12 - 20 cents in gold, and EUR & JPY are 
hanging right around 4 or 5 tenths of a PIP spread, a 200% - 400% increase 
“maybe I missed that class once in B-School, but I could swear that raising 
the cost of something actually lowers demand for it … so, what could be more 
logical than a bunch of crooked scumbag LP bullion dealers making it more 
expensive to trade a market, where ranges are lower, volumes plunging, and it 
acts like it wants to die”? … only when you wrap your head around the concept 
of a hidden “trading tax” does it start to make any sense … “hey, we got 
expenses don’tchaknow”!

This isn’t a trick quiz … what are you supposed to do when it won’t trade? 
… when everything is a 2, 3, or 4 M1 blast followed by nothing but shit? … sit 
and wait for hours for what exactly?

No trades in the PAMM today, but I did do the first side of a GLD trade today 
on the C2 options signals service … we’ll see what tomorrow brings in that.

Well, it’s on to tomorrow … maybe things get better … quite frankly, I shudder 
to think how they can get worse … silver market here we come! I can’t take 
anymore of this $3 - $4 yo-yo shit up/down, hour after hour … I’m outta here 
for today … until tomorrow 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”!










 

No comments:

Post a Comment