“Well for starters, you can watch gold trade in New York!”
Yesterday I gave you the normal in the paradigm sense … today I give you
the new normal in the gold trading sense … which means, about 80% - 90%
of the time in New York, gold is D.E.A.D. … it doesn’t go up and it doesn’t go
down … the sole purpose of New York is to completely fuck those who have
positioned themselves in Asia and/or Europe and make them puke … hence,
the almost everyday appearance of the infamous “Flying Wedge of Death”
[FWD] … nothing really happens, but the trading tree gets shaken a bit
… thank you scumbag bullion dealer banks.
This isn’t even trading … this is simply a total absence of anybody playing the
game but scumbag bullion dealers, who can shove the market up/down a few
cents tripping off those dumb enough to wander in and get soaked … in other
words, there isn’t any “here” here, and on a Friday it gets even worse than the
other 4 days of the week … Friday’s have simply become “dead meat” days,
and this is one of ‘em. Just another in a long string of disasters brought on by
the manipulators. And as I stated the other day, what a difference between the
“trading action” of gold in Asia & Europe [early], and then the immediate
and sudden reversal of fortune once the sun comes up in New York … set your
watch by it, it’s that obvious.
Everybody enjoy that slow puke move up to new highs for the day? … what a
beauty that was … like watching the fattest kid in 6th grade run up the hill
with his pants falling down around his ankles … it ain’t pretty and it ain’t fast,
but it eventually gets there, as the shorts get pummeled once again in a mid
afternoon drift higher … no volumes flowing through, heaven help you if
you’re attempting to do volume cuz there is zilch liquidity, and the widened
bid/offer spreads, “slippage candy”, and sure to come shit fills on the way, all
inside a rally where we now find ourselves above 1320 … on a Friday
afternoon, I want no part of this from Squid & the boys.
Really nothing positive to say about this day … I’ve run out of adjectives to
describe gold lately … pathetic is good, but then pathetic gets insulted and
mad at me. Blog update on Sunday night … I’m outta here … can’t take
another minute of this shit going literally nowhere … until Sunday mi amigos
… Onward & Upward!!
-vegas
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