MARKETS REMAIN PRICED FOR PANIC

“Well, I see you’re adjusting nicely to trading these days!”

Markets are priced for panic, but today sees no panic so far … “never let a crisis

go to waste”, and the scumbag LP banks will certainly take advantage of

predatory spread pricing to make book on that … bid/offer spreads are all over

the place, and depending on where you’re trading makes a big difference

… forget the bullshit you’ll hear from whatever brokerage house you care to ring

up, cuz they ALL will say the same thing … “duh!, market conditions, duh!”

… and then proceed to lie to your face about how they are the very best

… [cough, bullshit, cough] … some markets are their “loss leaders”, where they

have no choice but to remain very competitive or lose business … other markets

they’ll gouge the shit out of you and raid your wallet with impunity … it all

depends on their client demographic and where they get most of their business

from geographically.

So, since everything in trading has always been “fluid” … nothing new here

regards that … it should come as no surprise that what matters most is what you

intend to trade … the new offshore brokerage house paradigm, which has been

around now for about a year and a half, sees money move into and out of

brokerage houses via BTC, not wire transfers or credit/debit card … therefore it

is cheap, super fast, no questions asked, and no need for any KYC cuz BTC is

basically anonymous guaranteed money transfer … usually takes less than 5

minutes, but depending on BTC block chain miners getting the transaction

verified, it could take upwards of a few hours … certainly doesn’t cost an arm &

a leg, and take a week to get from point A to point B … who the hell needs

banks?

I said on yesterday’s blog update that I’d be doing popular market comparisons

today between 3 of my favorite offshore brokerage houses … directly below, is

that comparison analysis … please note, that for FX numbers are in PIPS, and

for stock indices, numbers are index points, and for gold numbers are dollars

per OZ.

click on image to enlarge

Note also, that round turn [RT] commissions at Turnkey & PRIMEXBT are the

same, but CRYPTO ROCKET has RT commissions that are $6 per 1 lot … that

means their FX is going to be a few tenths of a PIP more expensive to trade,

simply cuz everywhere a “1 lot” in FX is = 100,000 notional of whatever it is

you’re trading … in stock indices, it’s quite a bit different, cuz at CRYPTO

ROCKET a “1 lot” = 100 * the index, so the commission is quite a bit less than

the others, where a “1 lot” = 1 * the index … keep all of this in mind when

comparing markets between the houses.

As you can see, there’s quite a difference among these popular markets, and

while when things were slow and markets were operating “pre coronavirus”,

they all were pretty equal in regards FX & stock indices, but when SHTF you can

see who’s using the crisis to bump spreads higher … they all use the same

group of scumbag LP’s, it’s simply a matter of priorities among setting spreads

at the different houses based on the biz they do … like I said yesterday, I like

CRYPTO ROCKET for a lot of reasons.

Well, that escalated quickly to the upside, didn’t it? … gold rocketing on FED

news of unlimited bailout dinero via swaps … and right along with gold, there

goes BTC exploding higher as well … as I’ve said, first the bubbles “pop”, and

we get the deflationary response of panic liquidation prices lower … then, it’s

hyperinflation from all the QE money printing on steroids .. and the 2 biggest

beneficiaries are gold & BTC.

Turning to gold today … I’ve been trading gold since they began trading it, many

blue moons ago … after the last couple of weeks to the downside, I thought I’d

seen just about everything there is to see in gold … then comes today to the

upside … not one moment today, where the algorithm’s directional indicator

went negative … and this is a first, from as far back as I want to go in the data

… live long enough & you see everything … sure, just not everything within

about 3 weeks, after gold has been trading 44 years! … add to that, can’t trade

Cable today @ Turnkey cuz I’m not paying 4 - 5 PIPS PLUS slippage to trade an

FX pair that’s been in a 120 PIP range for 7 hours, and the scumbag LP’s at

Turnkey got the spread meter set at about 20 cents per OZ. higher than CRYPTO

ROCKET in gold … am I going to pay 50 - 70 cents per OZ. to trade gold? … are

you nuts? … I don’t give a shit where gold goes, how high it climbs on FED

stupidity & infinite QE … you buy rallies “willy nilly” and they take your account

… just haven’t gotten what we get every day, and that’s at least one moment of

weakness to buy … unfucking real … I literally can’t even … “here’s your $80

range straight up”!

And by the way, if you sign up at CRYPTO ROCKET and get a demo, their demo

mirrors the real, so don’t think there’s something wrong cuz you’re looking at

spreads that are much tighter than anywhere else … “no, they are tight, and

given the mauling stock indices have taken, even the DAX30 today has a modest

2.20 index point spread, and crude oil has been at 3 cents the entire day! … here

at 2 PM EST, the spread on the DOW30 @ CRYPTO ROCKET is at 3.47 index

points, which is a major improvement over the others at upwards of 9 - 10 index

points … like I said before, there’s some major “ass rippin’” going on from

selected LP’s, and you can’t pay to overtrade.

Something I want to bring up today, and it’s simply my opinion … I don’t speak

for offshore brokerage houses, and I have no connection with any of them except

in an “affiliate” status … my opinions are mine, not theirs … none of these places

gives a rat’s ass where you’re from, how you trade, where you’re a citizen of, or

anything else … biz is biz, money is money … Bitcoin [BTC] makes the entire

financial world invisible, while at the same time guaranteeing payment

immediately with no chance of a charge back … so, I don’t care what shit weasel

words they use on their website, it’s all designed very carefully to “not say”

what’s being said … “is it their fault you interpret certain words wrong”?

… having said that, though, you should always protect yourself when online, and

not just in trading, but overall as well … you absolutely need 2 things, if you don’t

have them already; 1) private, anonymous, & secure email, which “Proton Mail”

can give you out of Switzerland, for FREE, and 2) a very good VPN to mask your

identity and web IP address online and prevent 3rd party tracking & snooping

… in that regard, I recommend “TorGuard”, one of the best you’ll find … use the

promo code “50FORLIFEBUNDLE” [without the quotation marks] and get 50% off

an annual subscription … get a full year for just $29.99 [usual price $59.99 per

year] and pay with BTC … this is about 8 cents a day, whaddaya want? … and

just like that, you’re protected! … now, before you open your MT4, or your web

browser to surf, connect first to your ISP with your VPN, and pick wherever it is

you’d like the world to know your at … bottom line: nobody knows a

“Hoover Dam” thing of who you are or what you’re doing … just the way it

should be!

It’s around 2 PM EST, and gold just broke … finally! … well now, with Squid &

JPM running things, the bid/offer spread at Turnkey is now $0.80 to $1+ per Oz.

to trade … meanwhile, over at CRYPTO ROCKET, looking at my screen in the

“real live” account, gold has a spread of $0.50 - $0.70 … like I said before, it runs

about 20 cents per OZ. less than Turnkey … still rich, but it’s better than the

thieves running Turnkey’s servers … this break coming too late in the day to

trade from the long side, as the scumbag bullion banks got longs trapped

heading into the close … all day, you can’t get it to break, and now you can’t get

it to rally … trust me, this is no coincidence … we’ll see what the Asian session

brings.

No trades today for the Turnkey PAMM / MAM.

Sadly, completely priced out of everything today, meaning GBPUSD & XAUUSD

… I dunno, maybe it’s cuz it’s Monday, I have no clue, cuz there is no reason to

have spreads this “Hoover Dam” high … except of course so the banks can

make more money … hopefully, tomorrow sees better trading conditions … until

then mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas