their servers … amazing, just like Turnkey Forex ... completely clueless.
All eyes on the ECB today, as Super Mario looks to baffle us with bullshit once
again, like he does almost every time he gives a presser … if anybody can make
sense out of anything he blathers on about, please let us know, cuz for any
ordinary human not indoctrinated in the art of doublespeak bullshit, it can be
very disorienting … scumbag LP banks, no doubt, have been dialed in already
and know what he’s gonna say, but that simply means they know what side of
the fence to sit on when the thieving commences at 8:30 AM EST.
I can only wonder what bullshit they got in mind for gold, cuz over the last
few days this week we’ve seen nothing short of blatant thievery, shit fills via
“slippage candy”, mystery spikes from hell both up/down that go nowhere,
and simply the “scumbaggery” you’ve come to know and expect from the
world’s biggest crooks … in other words, just another day at the office.
“Most days, the thieving that goes on in gold, makes the thieving that goes on
in stock indices weak by comparison … and like yesterday, today is one of those
days in spades … the bullshit off the ECB announcement, which was widely
expected and priced into the market, except for easing inflation expectations
which got some panties bunched up, sees the usual “rape & pillage” of sell
stops in gold, with the then immediate rally and “raping & pillaging” of buy
stops so banks can offload longs purchased seconds ago … ho hum”.
And from there? … just the usual set of “slippage candy”, mystery ticks &
spikes, and running of stops both buy & sell so as not to discriminate, and in
the end we’re where we were 7, 13, 20, 40, [pick a frickin’ number] hours
ago.
With the general consensus now on Wall Street that Super Mario caved to
massive easing, you now got the Aussies, ChiComs, the Japanese, & now the
Europeans about to embark on throwing money from helicopters … if
tomorrow’s jobs report is strong and above consensus, gold might get
clobbered … only if the jobs report shows at least some restraint, has gold
got any chance of a rebound in here in the 1280 region … granted, massive
QE is gonna open the money floodgates and eventually cause gold to rise, but
for now I’m more worried about the 1276 level and what happens if that gets
taken out … cuz we got a definite problem in EURUSD, which today sees a
major breakdown in support between 1.1265 - 1.13000, and a move on
1.12000 which isn’t at all good for gold. Tomorrow could see fireworks with a
good jobs number.
Today, what we end up with is another $5 & change day in New York [so far],
with nothing but the “Flying Wedge of Death” [FWD] to show for it, with
moves off both ends ripping new donkeys along the way … throw in widened
bid/offer spreads, “slippage candy”, and general “scumbaggery” from the
Turnkey LP’s, and you got a big problem trying to capture any of it. So, no
trades today, as gold can’t decide whether to fish or cut bait … a very bad
trading action day.
Tomorrow sees NFP from the Department of Unicorns & Fairy Tales, so who
knows what’s gonna happen … it’ll be SHTF to be sure, and after that we’ll
see how the dust settles, and if there are any algorithm trades to make.
Have a great day everybody!
-vegas
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