“Your brain after a FED meeting!”
Wanna see what pretending to look “smart & all knowing” looks like? … well,
you’re in luck, cuz all you got to do is wade through the heaps of bullshit [hip
boots absolutely required!] that will be put out by the faculty lounge Twits at 2 PM
EST, and you’ll get prima facie evidence … of course, it means ZERO in the real
world, but the chart porn sure looks pretty and convincing … fact is they don’t
have a clue, but if they baffle you with bullshit & stats, maybe they can get another
chicken luncheon, all expenses paid, to another exotic locale where they’ll be
treated like “Kings of Finance”.
So here we are, “FEDamaggedon” day has arrived, and sure enough markets are
deader than dead, all activity suppressed until 2 PM EST, whereupon the scumbag
LP banks will steal enough trader/investor money within 60 seconds to fund a
nice third world country like California or New York … quite frankly, the symptoms
markets are exhibiting, if you were a doctor, you’d have them admitted to ICU stat
… but the world trudges on, the hopium strong that the system is still sound.
Sound? … you mean, like the fact that J.P. Morgan [JPM], the largest TBTF and/or
TBTJ bank in the U.S. has been labeled a “CRIMINAL ENTERPRISE” by the DOJ,
for its precious metals trading division? … “Sound” like that? … but no worries if
you’re JPM, or any of the other criminal banks running rampant in New York and
under direct control by the FED … like everything else, there are layers to
“justice” … these cretins simply pay a meaningless fine to government, promise
not to do it again [cough, bullshit, cough], and the thieving & stealing continues
unabated cuz 1) nobody in power wants to see it end … EVAHHH!, and 2) where
the hell is my cut?
Of course, sacrifices have to be made … and the 3 morons complicit in the latest
round of arrests & indictments at JPM, get the ignominious glory of “falling on
the sword” for Jamie Dimon & Blythe Masters, while watching their lives being
ruined … they’ll go to jail, the ring leaders skate free … the prosecutors will
become D.A.’s somewhere and then run for political office … the people at the top
will get richer, while government keeps all the money in fines … and what about
the millions of traders who got royally fucked by JPM trading gold for decades,
and lost money via their illegal manipulations? … where do they show up for
compensation?
Silly rabbit, tricks are for kids! … this, nor any other government prosecution, is
about “righting wrongs” … this is a money grab, pure and simple … not for you
cheated trader, cuz nobody gives ZERO fucks about you … somebody somewhere
wants a bigger cut of the looted bank pie … and after the dust settles, they’ll get it!
One of the greatest unwritten tragedies of recent events, is the abject failure of the
offshore brokerage house community, in its efforts to list & trade a CFD in crude
oil … whatever they’re doing, it’s an abysmal failure … yes, there are some
brokerage houses [ALL so far DO NOT accept U.S. clients] who have reasonable
and transparent CFD’s in crude oil [WTI & Brent] … IG, UAG, ICMarkets,
CoreSpreads, CMC Markets, etc., where all are at 3 cent bid/offer spreads OR
LOWER AND STAY THERE, and either have no commissions or very small
commissions … there simply isn’t any of the complete horseshit of “duh, market
conditions, duh!”, where one second the spread is 3 cents, and the next second
it’s 8 cents, and then back again … click the button, and guess where you get
filled? … then there are bucket shops like Turnkey & Coinexx, where not only will
they NOT address your questions of said oil CFD practices, they won’t even
acknowledge them.
In the last 2 days, the CME has traded OVER 7 million oil futures contracts … the
need for a smaller oil derivative for smaller traders and their accounts, other than
the 1,000 barrel = 1 lot, couldn’t be more obvious IF IT SMACKED YOU IN THE
FACE! … and the offshore community reaction is, “yea, let’s just continue to fuck
‘em with outrageous bid/offer spreads, commissions, and when SHTF like it did
Sunday night we won’t open trading until it’s safe for us to continue stealing
money” … sadly, this is the scum we are forced to deal with … my only hope is
that somebody somewhere wakes the fuck up and smells the coffee, and offers a
“decent” oil CFD everybody can trade … cuz quite frankly mi amigos, trading
doesn’t get much better than what you’re seeing in oil, and it pisses me off to no
end we’re locked out of this cuz of 1) scumbags, scumbags everywhere!, and
2) the politics of being a U.S. citizen.
And in case you didn’t notice by doing the math here, we’re talking about sizeable
amounts of money here, even with small accounts … you trade twice a day over a
year, and you’re talking about 500 trades … if you traded ⅕ of a standard 1 lot
each time [200 barrels] with a $1k account [or smaller], which given current pricing
of about $60 per barrel, is a notional amount of $12,000, for leverage of about 12X,
with Turnkey’s or Coinexx pricing of 5 cent spreads [average] versus 3 cent
spreads, you’re paying the scumbag LP bank & brokerage house an extra 2 cents
per barrel each trade, as you get “ripped” 2 cents in and then 2 cents out and then
get a commission charge to boot … OK, let’s forget commissions for a sec … each
1 cent move on 200 barrels is worth $2, so losing 4 cents on each round turn on
500 trades comes to $2,000 at the end of the year … EXIT QUESTION: “line up
everybody and give me a show of hands … with a $1,000 small trading account,
how many of you want to write a check to the scumbag LP + Turnkey or Coinexx
for $2,000? … gee, I don’t see a lot of hands in the air”!
And everything I just wrote about with oil, goes “ditto” for the Hang Seng Index,
DOW30, and any other mispriced pair these jackals try and foist on the public,
and then act all surprised when you call them on it … nobody is asking for
unjustified pricing … nobody is asking for the banks or brokerage houses to lose
money with pricing … what we ask for is to be treated fairly inside the trading
community and not have our intelligence insulted on a daily basis by scumbags
who look ONLY to cheat and steal their way through a trading day … and sadly,
that’s what we usually get.
No doubt, sometime today after Noon EST and before 2 PM EST, markets will start
to move, as players who “pay” for FED information with bags of cash in garbage
cans, learn of what’s coming and position themselves … wanna see
“scumbaggery”? … EASY PEEZEE: “Just wait ‘til a few minutes BEFORE 2 PM
EST, and notice carefully how the markets move … then see what happens after
2 PM”. Until then, go do laundry.
Gold moving erratically higher all day, making me wonder if somebody with inside
knowledge is pressing it so they can sell after the FED news, or it’s scumbag LP
banks bidding it higher to set off buy stops which they sell and get short … quite
frankly, I don’t see how today’s FED meeting can be “friendly” towards gold, but
what do I know? … the stock indices are simply in a holding pattern, and again
today the DAX30 puts in a horrendous range, in what is becoming a sick joke … for
that matter, the entire stock indices arena is getting VIX crushed, as we head into
the FED decision … Cable is simply being Cable today, and isn’t doing much so far.
Rumors are flying all over Wall Street that the FED is going to reintroduce QE later
today, with something like $400 billion, and that’s why gold is heading higher
… well, I don’t know who’s floating this shit, but if they’re wrong look the hell out
… we’ll see in a couple of short hours. And, the bullshit spikes from hell never
stop … here at the 18:58 server time, another “whoops, never mind!” moment for
gold, as somebody hits the panic button to the sell side
One more thing as I sit here and 1) watch spike hell idiocy, 2) wait for the FED, and
3) feed the dog deli roast beef … I’m almost finished with our trading courses, and
should be done shortly … over these last weeks, with the help of Cousin It & CoS
[Chief of Staff] Milton Waddums, we’ve unlocked the vault in other markets as well,
so that no matter how you trade or what you trade, the most active markets with
the best bid/offer spreads [usually] along with normal to above average volatility
[usually] will be covered … I will have a lot more details on this in the upcoming
weekend update on Sunday.
Markets as comedy … well, that escalated quickly to the downside, didn’t it?
… nothin’ says gold lovin’ like a $12+ hammer on your face in seconds … FED
does what was expected, and now what? … where’s that QE bullshit rumored
earlier? … and now we wait for the Spicoli presser, which I’m sure will enlighten
things … hide the kids, don’t let them hear, cuz it could cause brain damage to
minds looking for logic and consistency … we waited days and weeks for this
epic mound of nothing?
Nice ripoff bid/offer spreads in the U.S. stock indices [DAX30 cash market is
closed now] … DOW30 spread at 5 if you’re lucky … if I owned Turnkey, I’d be
embarrassed quoting this, given what’s available at other houses … but hey, what
do I know? … maybe they’re getting ready to sell vitamins on the internet next
week … only thing on the MT4 board worth looking at now is gold & Cable … and
let me also add, Turnkey had a 5 minute blackout on the MT4, where I guess they
couldn’t handle the trade flow.
How’d that QE rumor work out for those following Wall Street brokerage house
tipsters? … somebody got skewered, and now gold sits $10+ lower awaiting
Spicoli … most days, you can’t make this shit up and have anybody sane believe
you. And suddenly, there’s no more rate cuts in the FED’s “dot plots” for the rest
of the year … so where do all the long positioned gold futures traders go now, here
in the short term? … I have no idea what Spicoli is gonna say, but the fact that the
FED has taken away the punch bowl with, according to them not me, further
interest rate cuts for at least this year, gold has the potential to get really clobbered
in the hours, days, and weeks ahead if they take out 1478 … and oh boy, just like
that we’re in the low 1480’s, with a “mystery tick” low of 1483 that’s a pure joke
… somebody not gonna be happy with that sell stop fill the bank took for
themselves … I see storm clouds mi amigos.
No algorithm buy signals today … gold “dead cat bouncing”, and I want no part of
this in late afternoon with the criminal New York banks running things … we’ll pick
it up tonight in Asia … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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