“Sell Mortimer, sell it!! … sell it to who exactly!?”
Pin meet bubble … sell Mortimer, sell! … “ya, but to who”? … where’s the
liquidity? … I’ll tell you where the liquidity is, it’s there ONLY AT THE BOTTOM!
… nothing like the machines going Wuhan bat shit crazy last night, as world
markets react to news on the ground versus government bullshit on the
newswires … amazing nobody seems to have “faith” in government at crunch
time isn’t it?
On Friday, we got a glimpse of just how fucked up Apparatchiks can be, when
FED Twit Bullard was asked a simple question, which he stumbled & fumbled
around before giving one of the dumbest comments I’ve ever seen or heard of
before … the link directly below, if you missed it. “And yes, they are this fucking
stupid!
Not exactly the kind of night I want to start trading gold again at Turnkey, or the
DOW30 given the bat shit crazy conditions in thin trading … thanks, I’ll pass on
the $1 spreads and M1’s going bat shit crazy up/down, on the world going full
fledged FOMO [Fear Of Missing Out] in gold … same type of market conditions
in gold last seen about 9 months ago, when all the upside comes in the “wee
hours” on “vapors”, and then New York hammers the shit out if it … you’d think
people would learn from their inherent stupidity, but no they don’t … “full
fledged FOMO in the Asian session almost NEVER translates to rises in price in
New York later in the day … any guesses why not? … so, why the hell do it? [but
they do] … on the other hand, not crazy about 20 - 40 index point range M1’s
either in the DOW30 … it doesn’t even matter if you’re up on a trade, cuz in the
next second it can [and will] move and create a loss … now what? … bottom line
is there’s no way to judge panic effectively without seeing order flow, and only
the scumbag LP banks have that.
Another one of those amazing “coincidences” this early A.M., as the sun rising
in Gotham sees the “Plunge Protection Team” [PPT] show up, just as criminal,
scumbag bank prop traders hit their desks from the early bird commute … “if I
didn’t know better, I’d think it was all planned this way … nahhhh, just my
imagination probably [NOT!].
The solution to this worldwide pandemic is obvious … call together the world’s
central bankers, have them connect all of their CNTRL-P machines to the same
central “Manipulators HQ” server at the FED, and produce a vaccine for COVID-19
… and between meetings and lunch of salmon filet’s & fresh asparagus spears
with the proper wine, the world can be saved! … I’m sure they’re already on it
… “ohh all that is good, it’s great to be a banksta”!
Well, that escalated quickly to the downside, didn’t it? … no not stocks, but gold
… starting right at 8 AM EST, seems a “fat finger” found the sell button and
caught some longs unprepared for the possibility of a lower price … ho hum,
just another sell side stop hunt in gold that buries long specs … about $11 in
13 minutes, and thanks for playing, we’ll see you next time! … and again, like for
the umpteenth million time over the years, the “Chuckleheads” in Asia buy the
top, and then get to sell it much lower in New York … and they just never, ever
learn.
And there’s your “phony as a $3 bill, PPT “magic act” on the open, where I guess
I’m supposed to think this is a great buying opportunity”? … give me a fucking
break here … more government bullshit, when in fact we need less of these
asshats … simply unreal … and they wonder the how & why of markets getting
into trouble when they do shit like this … so, what exactly is behind the almost
300 index point rally on the open that lasts 31 minutes?
Scumbag banks is the answer, cuz the poor darlings can’t be allowed to have
losses from trading, and when viewed in the context of all the selling they sopped
up from the European open up to the NYSE open, the PPT comes in and blasts
price higher so the banks can sell to unsuspecting Chumps who think they’ve
bought the bottom … no, it’s simply the government via the FED propping banks
up and allowing them to get their books even … nice work if you can get it. Plus,
if you can kill some shorts right along with handing your BFF’’s, the scumbag
banks, some free cash the more the merrier.
Late morning and some conversations with FX CHOICE about the bullshit
“mystery ticks” in the DOW30 have led nowhere … but as I told them after I
showed them the evidence, and where they said, “what? … what is wrong
here”?, and I showed them “right fucking here, where the spread went from the
“2’s” to 6 or 7”, and they said, “what’s so surprising about that, don’t you see
the volatility”? … clearly, these people only see what they want to see … but as I
said to them, “if you stick me with one of these shit fills, it’ll be the last trades
you see” … not that I had any expectations they would solve things, cuz they’re
worse than order takers at McDonalds … so we’ll see what happens going
forward and whether there are any problems here … so far today, looks pretty
good on spread valuations, so hopefully whatever was wrong has been fixed
… just don’t expect any of ‘em to ever admit anything, cuz they never, ever will
over anything.
Not only am I putting gold & silver back into the trading mix in my new e-book
[more gold than silver], but we are fortunate to have a market meltdown so I can
see in real time the algorithm’s signals generation and if there are any problems
from market behavior we don’t get a chance to observe that often … quite
frankly, with markets going bat shit crazy, especially gold & stock indices,
where we’ve seen some monster moves since last night’s open, it’s not often we
get the DOW30 down 1,000 points or gold blowing higher by $40 then getting
“monkey hammered” … all in all, a great circumstance cuz the new e-book’s
algorithm for trading these markets did an excellent job today … really can’t ask
for better performance.
One really good algorithm buy signal today in the DOW30 … TURNKEY
PAMM / MAM UP A TAD SHY OF 0.3% … No trading in the FX CHOICE
PAMM / MAM.
I said late last week, I needed to talk with these assclowns before trading, and
they didn’t get in touch with me ‘till late morning … I’ll be back to trading the
FX CHOICE PAMM / MAM again tomorrow, and we’ll see how their spreads
behave, and whether or not we have any relevant slippage.
Whaddaya supposed to do with the DOW30 down 1,000 index points? … when’s
the last time you saw this? … it’’s been awhile for sure, but we wouldn’t be
seeing this if it wasn’t for the morons on the faculty lounge who use the
CNTRL-P machine for every perceived economic ill … they attempt to suppress
volatility at every turn, but when SHTF, it explodes right in their faces, and we
get days like today … their hubris & stupidity know no bounds.
Nearing the end of the trading day, and where is gold in relation to earlier? … it’s
sitting as I write about where it was in the opening minute after last night’s open,
right before somebody went full FOMO and blasted it up over $10 in one final M1
… and since the New York day started? … down almost $25! … and wasn’t that
sell stop frenzy interesting? … good grief, nice to see the metals haven’t lost
their ability to screw sell stops, as the “Rally Protection Team” [RPT] is no doubt
behind the slaughter to give the bullion banks the ability to buy back shorts from
overnight … buy MOAR! Chuckleheads.
And of course, here comes the PPT, making sure there’s no DOW30 print that’s
1,000 points lower close for the headlines tonight on the news … wouldn’t want
“Ma & Pa” out in Des Moines getting worried over their stocks and even
entertaining the thought of selling, cuz that could be dangerous, so prop the shit
out of it boys, you got all the ink you need to print MOAR! … what a fucking joke
… what does a real market even look like anymore?
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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