“Hey look! … they’re trading gold here too!”
Today’s trade in gold, has about as much trade flow as a roulette wheel … it
looks and feels like the scumbag bullion dealer banks versus 5 guys named
Murray from New Jersey, attempting to jack gold a few cents up/down
… other than that, there isn’t any “here” here.
Not that there’s anything happening in anything else for that matter, the
world waiting to see if the SP500 Ponzi scheme can go higher or lower before
committing chips into the center of the roulette table. Cuz with nothing in
terms of news, China coming back next week, and the trading world hungover
with no more football, it’s time to hit the exits … and my guess is they will in
earnest way before the close at 4PM EST.
Just another in a very long string of worthless, useless trading days meant to
drain accounts of money … it’s not going anywhere, it’s not doing anything,
and between the to wide bid/offer spread & some “slippage candy” thrown in
cuz they can, at least at a roulette wheel they’d give you a free drink … the
kind of day where over 16+ hours it’s got a $7 range, but in the last 13 minutes
just went 40% of that on “vapors” … tell me again about honest markets and
no manipulation, cuz I’m all ears. “As I’ve said before, when there’s nobody to
play, expect the scumbag bullion dealers to “pump & dump” to their heart’s
content, thus ensuring the “Flying Wedge of Death” [FWD] inside a tight range,
and more importantly for them, screw the “MoMo” traders … this is the land of
fairy tales when there is no volume, no liquidity, and no action … in other words,
this is a complete waste of time today”.
Can’t take it anymore … literally, you’d have better luck scratching off $1
lottery tickets [not Illinois, though, cuz you’d get an IOU] … I’m outta here
mi amigos … until Sunday night’s blog update … Onward & Upward!!
-vegas
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