“OK, but what if every day is like this!?”
Oh look, the world didn’t end with the NFP report … “whisper numbers”, those
bandied about among the smartest people in the room, was for NFP to be below
100K and even lower … some suggesting a negative print … and then the math
whiz kids ruined everything with a benign report … whaddaya gonna do if you bet
on a crash in stocks? … well, you cover and then cover some more, sending
stocks higher, gold lower, and leaving people battered and bloodied.
I’m at the point of giving up on trading gold in these asinine conditions … even
with spectacular trading results from the gold algorithm, the blown out bid/offer
spread, the eye watering horrendous slippage, and the consistent spikes from
hell out of nowhere, make this very unattractive to trade … throw in the thieves
from the scumbag bullion bank LP’s, and you are entertaining a death wish
trading gold … screw ‘em ‘till things settle down.
Conditions remarkably improved in the DOW30, where whatever was going on
recently with FUUBAR-ed bid/offer spreads has been fixed, and trading conditions
are back to normal … with major reports out of the way now, Monday sees me in
the DOW30, where the algorithm has performed an excellent job … as most know,
I detest and hate NFP Fridays, one of the historically worst trading days you’ll
ever run into, no matter what you trade … in the stock indices, it’s even worse.
I’ll be attempting to finish the “Traders Course” [TC] this weekend, but at this point I
don’t know … we’ll see … if not, by next weekend for sure … and with that I’m outta
here cuz I got a lot to do … until the Sunday blog update mi amigos
… Onward & Upward!!
Have a great weekend everybody!
-vegas
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