“For your own good, of course!”
It’s like watching a bunch of caged dogs, when the bell goes off and they all
expect a treat … I’m referencing “Pavlov’s Dog”, and watching traders react
to when gold has 1) a very tight range, and 2) as the market starts to move
closer to one of the day’s extremes, either the high or low from earlier, you can
see the market start to move and setting off stops … in other words, these
“Flying Wedge of Death” [FWD] moves are manipulation tools the scumbag
LP banks use to get you to do what you don’t want to do … which is liquidate,
cuz you don’t want to get caught long on new lows that have the potential for
gaps lower on sell stops, or get caught short on new highs that have the
potential for gaps higher on buy stops … so, you jump the gun thinking
you’re saving money and doing the right thing … “now, who put that thought
in your head? Was it a book, CNBC, or was it from experience thinking no way
can this tight range stick and hold”? … for sure, it’s a manipulative tool.
Gold’s action today simply pathetic … can’t even get a $7 range, after
Friday’s $24+ range … it’s back to the same shit conditions we’ve seen for a
very long time.
Simply nothing here, and the daily candlestick looking like it wants to put in a
small “doji” … no follow through from Friday, just a bunch of chop. It’s as
simple as that.
Can’t take anymore of this crap today … it’s like watching paint dry. I’m
outta here … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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