“And then all of a sudden, I didn’t feel so good!”
You knew it was coming, and of course it had to come … and by that I mean
the “Comex Con Game”, properly labeled by Eric Sprott, where gold is sold to
specs going up, and then bought on the way down by scumbag banks who sold
it to specs on the way up at a higher price … roll the rock back up the hill,
and endlessly repeat the process for the benefit of the banks … “nice work if
you can get it”!
And so, gold finds itself in a sorry state of affairs at the moment from a
technical perspective, with some damage on the charts from the last few days
… all the more reason NOT to buy rallies and sell breaks like they want you
to, responding like Pavlov’s dog to a bell ringing for your biscuit … or in the
trading sense, responding to the most popular MT4 indicators that get you
long at the top and short at the bottom.
Not that any other market is on fire, cuz none of them are … all manipulated
beyond belief by central banks as the volatility is sucked out of them in
record time … remember 10 weeks ago? … “yea, me neither, it seems like last
decade”! … and in that short time, I’ve never in my trading lifetime seen
markets crash VIX as fast as what’s happened in the first 2 months of 2019,
and it should give traders pause as to just how much is being rigged in the
casino of financial markets.
Overnight gold sees nothing … literally zero interest … now of course, that
leaves it up to the usual suspect scumbags in New York to grab the ball and
run with it … expect nothing but bullshit trading conditions with no follow
through, as gold “consolidates” its losses and chops traders to bits looking &
hoping for some kind of trend. In the end, it’s spikes up, spikes down, and
gold goes nowhere.
Mid morning, and what a pitiful excuse for a trading market … well, all
markets really, cuz ain’t nothin’ goin’ on anywhere in anything … gold might
as well be closed.
range, “Flying Wedge of Death” [FWD] cuz that’s what you get with low
ranges, total bullshit stop hunt on both sides with only one objective … “to get
you to buy rallies and/or sell breaks cuz they’re trying their “Hoover Dam”
hardest to convince you something is gonna happen … has to right? … until it
doesn’t … gee what a surprise”.
Well, now that it’s afternoon, maybe something happens maybe it doesn’t,
but after 7 hours of nothing but chop & FWD, another minute of this stuff
and I’m ready for the rubber room … no trades today inside this crap, cuz
1) got no algorithm buy signals, and 2) even if I had volatility is too low for
them not to be “false positives” with a high probability … so, onto tomorrow.
Onto tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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