“Three people get together and trade gold … underneath the damn bank!”
Anybody care to explain this piece of shit trading day in gold, where the
scumbag bullion dealer banks conduct the largest sell stop hunt of late, and
bring gold down over $6 within seconds … “oh wait … never mind … except
those who got sell stops filled at the bottom, and got to watch gold rally $2+
within seconds … yea, you got fucked, thanks for playing ...and as I write, gold
has, after 18+ hours of trading today, a little over a $10 range … 60% of which
came in about 1 second … but yea, nothing suspicious here at all”.
And you can cite all the evidence in the world for a higher gold price, “but
the only important thing in trading are the manipulator banks … and what
you’re seeing since the FED cratered & caved to more QE, coming here shortly,
is the public getting long and the banks getting short … and all that selling they
did between 1315 and 1324, is more than likely going to get covered sub 1300 in
the days ahead, from the very same accounts that bought it from them in the
first place … welcome mi amigos, to the “Comex Con Game”, where they tell
the market where it’s gonna go, not the other way around … tell me, who’s
gonna stop them when they got tens of billions in free FED money to backstop
themselves? … who”?
And I’m looking at gold this morning and thinkin’ [yes, dangerous I know],
“why are we still hanging around 1310 - 1320? … we were here seconds after
the FED announced they’ve caved and are gonna go QE, so where is the
rally?” Cuz unless we start climbing from here quickly, the longer we hang
around this 1310 area, the more 1300 and then 1280 looks like it could get
breached, and those support levels get wiped out and of course the banks cover
at that point on spec liquidation of longs “bigly & yuge”. “And quite frankly, if
that happens, you’re gonna see an entire generation of traders & investors give
up on the yellow pet rock, and swear it off their brains forever … they won’t ever
come back, and gold loses more volume & more liquidity. What happens is it
turns into silver … there, but not seriously traded by anybody but the nuts &
gold bugs who never learn”.
It makes no sense given the news and the financial situation of the world’s
debt level & the debt bomb facing the U.S. Dollar here real soon … but they
got the money and they’re the 800 LB. gorilla in the room, so up and until
somebody comes along to take them out [hello ChiComs, Ruskies, Indians,
etc.], they are gonna dictate price at every turn for their own benefit.
“Nothing else matters”!
Today’s trading action in gold an absolute disaster in terms of volume &
liquidity, where you risk dollars to make pennies against these scumbags, and
then you have to navigate “slippage candy” and the God awful spread
increases they sneak into the picture. Quite frankly, it’s a bucket of complete
manipulative shit, far worse than anything ever seen in a physical trading
“pit”, back in the day … far worse … the pit thieves were total “Pikers”
compared to the bank scum of today, and what makes it worse is that they’re
“protected” by the system in which they operate and line so many pockets.
Today sees “Brexit” literally freeze FX … a ton of votes scheduled for the Pols
to agonize over … in any event, an opportune time, IMHO, to switch some
focus away from gold and back into Cable for trading purposes … “as I said
yesterday, and I’m quite serious … since we don’t see many gaps anymore from
“Brexit” shock announcements, how can Cable be any worse than gold, when it
comes to the bullshit the banks throw at us on a daily basis, regarding “slippage
candy”, and the ubiquitous mystery ticks & spikes from hell we constantly get in
gold? … how can it be worse? … hell, at least Cable TRADES for cryin’ out
loud, and you can get pretty much any order off at something close to reasonable
… not perfect mind you, cuz the bank LP’s are thieves after all and NO market is
safe from these scum, but nothing approaching the outright theft you see in gold
consistently … which to be truthful is most definitely NOT the usual case in
Cable”. And while I’m not going to step in front of some “Brexit” vote, like
today for instance, it spends most days doing something … up/down whatever
… not so with gold when it goes into hibernation and it takes 30 minutes to get
outside the fucking spread!
Cable today just a tad dangerous to trade … a chopfest from Asia through
Europe, and into the New York afternoon where the political action in Britain
shifts into high gear … with all the votes scheduled in parliament after 2 PM
EST, the risk for spikes from hell increases dramatically … we’re here to
trade, not play red/black roulette. In the days ahead, I’ll be in there, but not
today. As for gold, it feels and acts like it’s got an anchor around its neck and
it’s just been thrown overboard … time will tell of course, but it isn’t acting
right, IMHO, and that tells me the “The Great Bullion Wall of Selling” is up
and operative from the banks … “it feels like sub 1300 before Friday’s close at
some point … hope I’m wrong, but there simply is no interest from the long side
today except minor short covering … none”.
No trades today … gold sick, Cable simply too dangerous given the political
circumstances. Onto tomorrow and we’ll see what transpires … until then mi
amigos … Onward & Upward!!
-vegas
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