“And it’s not just the MSM … it’s the financial MSM as well!?”
I had planned on writing something different today, but then along came
this POS day in gold … “seriously, I can’t even begin to describe the level of
BS manipulation going on in this market, it’s so bad, but what is even worse is
the ongoing mystery ticks & spikes from hell that skew price, for the simple
purpose of screwing the public at the banks benefit … it’s worse in gold than
any other market on the board … you add up all the M1’s where gold went
up/down over $1, and you’d get hundreds of M1’s, but look at the New York
range, and it hasn’t done shit … if this isn’t front running customer orders
and manipulation than what the hell is it”?
using up ‘till now … while OK, when it loses, it gets “monkey hammered” on
my Richter Scale, and that simply isn’t good enough for me … “quite frankly,
I’m better than the algorithm calling the market, and I’m going with my trading
instincts … also, I’m going to be trading bigger volumes going forward, as gold
looks to be entering a new bull market in the weeks & months ahead”.
A handful of algorithm trades today, and the PAMM is down a couple
hundred bucks.
Not at all happy with the area of the algorithm buy calls, but I went with
them nonetheless … you know the drill, if I don’t take ‘em it goes up, and if
I do take ‘em it hangs me out to dry. Granted, the calls come at important
inflection points, but the way this market is manipulated, and the quickness
of the sharp drops, along with dealer “scumbaggery”, if the algo is wrong the
market punishes the position quicker than you can imagine. So, screw that,
I’ll use my instincts which are better anyway, and that means buying lows
and selling higher.
Each day I come in to trade, I keep thinking gold trading action can’t get any
worse, and almost without fail, every day sees it get worse. This market has
some serious dislocation problems, not the least of which are the scumbag
banks running it … about ¾ of the time, it isn’t even a serious market, and
trading it simply hands money to scumbag banks … this is where we are in
the paradigm of central bank manipulation.
MAM … there are a couple of reasons for this; 1) “Brexit” continues to roil
Cable, and more than likely will continue to do so well into the future, but the
days of huge gap moves up/down in seconds, on some Pol and/or Apparatchik
moving his/her lying lips to fund a mistress account somewhere, seem to be
over … yes, Cable moves, but the days of 50+ PIPS gaps up/down in a
millisecond, which used to be very common, now seem to be over, 2) ranges
and movement are much better than gold MOST days, and 3) quite frankly
can “slippage candy”, bullshit bid/offer spreads, and mystery spikes from
hell be any worse than what we see in gold on an almost consistent basis?
… no, they aren’t.
Quite frankly, I’m very disappointed with the way gold is being held down
and manipulated, and having to navigate pure bullshit most days via the
scumbag bullion dealers, and it is holding down PAMM / MAM performance
like a weighted anchor around my waist. Of course, I’m not giving up on gold
or any such thing, I’m simply saying Cable is being re-added to trade cuz it
has what we need in a market … where a majority of days gold doesn’t. So,
don’t be surprised to see some Cable trades going forward.
… Onward & Upward!!
Have a great day everybody!
-vegas
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