“Logic on display at Jackson Hole this week by our betters!”
Well, that didn’t take long … minutes into the New York session, the bullshit
spikes start in earnest … and as I have been saying for days now, the difference
in the way gold trades in Asia & early Europe versus the casino in New York is
striking … it isn’t even the same market … do they need reasons to be
scumbags? … no, that’s simply what they do and who they are, as they rip shorts
a new one right out of the gate … this is New York after all.
Well, what do you say about a day that hasn’t even seen a $7 range from the tips
in over 9 hours, and even worse, less than that over the last 5 hours? … well, I call
it New York in August, waiting for the smartest people in the room to say
something stupid at Jackson Hole later in the week starting Thursday … how can
we have markets if there aren’t any Apparatchiks to manipulate guide them?
Today a complete non event, gold VIX flat lining to levels that make doing anything
a mistake … no algorithm buy trades today … just isn’t enough here to do
anything, and tomorrow looks worse … then on Thursday, start your engines.
Over these last few days I’ve gotten emails from readers asking about our trading
courses that are coming when I’m done writing them, and some don’t like the fact
that I’ve chosen the DOW30 over the other stock indices … since the U.S. indices
correlate very strongly, I’ve decided to “bundle” the stock indices course to
include 1) DOW 30, 2) SP500, & 3) NDX100 … the algorithms for all 3 will be
included in the DOW30 trading course … outside of a few days here and there,
where mostly it’s components of the DOW30 that have major moves due to
earnings or other types of news, the correlations are very strong and tight … if
you prefer one over the others, or like to switch around, why be forced to trade the
DOW30 when you don’t want to?
Gold languishing in the New York afternoon … just some scumbag dealer stop
hunts, and the usual hunting for free money retail specs love to give them … there
isn’t any interest in gold today, and we spend another day inside the August 13
clusterfark $57 range day … will it be September until we see it bust either or both
sides of it?
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
No comments:
Post a Comment