“It’s all about manipulating behavior … always has been!”
Trading is all about manipulative behavior … in today’s central bank
paradigm of markets, especially the precious metals, the main point is simple
… “get you to think you’re acting rationally and responsibly via your
positioning, based on assumed correct knowledge about a market, so you think
your profit opportunity is high, where in the reality of the situation you’re
nothing more than a lab rat responding to a stimulus provided by a scumbag
bank LP, who is about to pick your pocket clean and leave you poorer for the
experience”. Simply put, it’s big money forcing small money to do what big
money wants them to do, cuz they’ve convinced you it’s the right thing to do.
Markets today, are nothing more than a series of independent manipulations
brought on by central bank manipulators, facilitated and delivered by Pols &
Apparatchiks at all levels of power, who yank markets up/down for policy
purposes … nothing else matters … whether it’s a Trump tweet, or a FED Pie
Hole spewing bullshit, it’s all designed for the HFT’s & the banks to “skim”
markets for whatever they can steal … all with the help, of course, of
exchanges, regulators, and the other assortment of scumbags who get bags of
cash for looking the other way and pretending it’s a free market … which is
all bullshit, cuz all you have to do is look at the court cases over the last 5 - 10
years, along with the rise of the HFT’s and what is admitted, and there’s no
way you walk way from that, if your brain is functioning, with any sense that
markets are either “free” or “fair”, or operate in a non manipulative manner.
So what, if anything can change it? … “dunno, but some banks going under in
a global depression, or a collapse of a large bullion dealer bank, might be a
start … outside of that, what incentive do these scumbags have to change
anything? … maybe what’s needed is a complete revolution with blood in the
streets and bankers hanging from lamp posts, but even then they’ll probably
hang on and convince people that even though they ARE the problem, they’re
the only ones who can solve the problem … in short, I don’t think it’s gonna
change anytime soon”.
An interesting article I came across yesterday addressing this very point, of
the scam derivative pricing schemes employed by the scumbag bullion dealer
banks, and how the “game” could possibly end via a collapse by the banks in
the Palladium market, is from Eric Sprott, and the link is directly below.
Looking at gold early this morning, and you’re left wondering if you’re in a
bad dream … this is simply embarrassing for anything that calls itself a
market … can’t go up, can’t go down, won’t move as it’s literally a straight
line across the screen … just another day where the NY scumbag bullion
dealers get to shove price around to wherever they want it for their MAX
profit … this isn’t looking good as the day starts, sitting here with a $4 range
after 15+ hours.
And to prove my point, in 4 minutes 75% of the day’s range is covered on
some more bullshit bullion dealer “scumbaggery”, as lemmings fall for the
“it just has to rally” trap set inside of a small range … “feel manipulated yet?
… well, not to worry, cuz as we now head towards the low of the day, in 15
minutes from that top, they’re gonna present you with another “MoMo”
decision, which is do you sell the break cuz the MT4 indicators will now turn
negative? … and the Gerbils keep running on the wheel”!
And lo & behold, a new low for the day in gold [now a $6 range!!], that sets
off sell stops so the bullion dealers can buy it, and it’s right back up … “gosh,
who could have ever predicted this”? … and the “Comex Con Game” continues.
About an hour from the afternoon in New York, and with a pathetic $7 &
change range, you got to wonder exactly what it’s gonna take to get metals
moving … seriously, this shit is for the birds when it comes to trading action
… these effing banks have got to go, and if the revolution started tomorrow
to hang these asshats, I’d be down at Home Depot buying more rope!
“Well, that escalated quickly didn’t it” … nothing like long position specs
puking to commercials who sold it to them higher … again, nothing new here.
One algorithm buy signal today … PAMM up 0.1%.
Buy signal came off the bottom [so far], and on a spike higher I liquidated
… action today off the lows, while adequate for a trade, wasn’t something I
… action today off the lows, while adequate for a trade, wasn’t something I
felt like would have legs to it … and that being the case, if you want the best
liquidation sell price without getting bent over the back barnyard fence by
the scumbag bullion dealers and having it stuck to you, you absolutely must
sell on the spike up … otherwise, close your eyes when you hit the liquidate
button and get ready to yell some.
We’re now into the New York afternoon, and there doesn’t appear to be much
buying interest off the lows … I still get the feeling that this correction move
lower isn’t done yet … maybe today’s low isn’t in yet, dunno and don’t care
… point is it’s not acting right off the bottom to be a bottom, cuz it needs
more power than what it’s showing … don’t know if 1300 is gonna be under
assault yet in the days to come, but I’d get worried if the market got under
1308 and stayed there … from strictly a technical picture, gold could use a few
weeks on the downside before another attempt at 1350 … and as I have told
readers before, getting through 1350 - 1360 is gonna be a B. I. Itch … don’t
expect scumbag bullion dealers to throw the towel in just yet, as I would
expect them to defend this resistance with everything they got … cuz if we get
through that resistance area on any kind of buying strength, look the hell out
on the upside, cuz it’s gonna be ugly!
Today’s action sees another range above $10 … while better than nothing, we
still need to see higher expanded ranges … $15+ would be ideal, and if we get
through $1350 - $1360, more than likely we get that … until then who knows,
but at least what we’re seeing now is a start to better conditions … let’s hope
it continues. And with that, I’m outta here … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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