“It’s time you finally came home to roost!”
There is no escape from this … NONE … the financial chickens of an entire
generation of shit weasel banks and their marketplace exploitation's, is coming
home to roost … and the ramifications of the latest iteration started by a ChiCom
pandemic is only beginning … the dominoes are falling, and nobody but nobody
knows where this is headed … one thing for sure, though, it won’t be positive.
The “solution” offered up by the usual suspects, the ones who got society in the
mess it’s in right now, will only exacerbate the problems … Government isn’t the
solution, government is the problem, and expect anything & everything they
throw to result in unintended consequences that haven’t been thought through
and for the whole exercise to be FUBAR in short order.
And with oil prices NEGATIVE, another set of bailouts is in the cards, and the
debt & employment collapse from this will be felt for years … meanwhile over in
“Hucksterville” [a/k/a XAUUSD], that place where only scumbag bullion dealer
banks reside, the trading world is left out in the cold by a group of shit weasel
banks who literally REFUSE ro make an honest market in gold bullion … yes
refuse … cuz quite frankly, there isn’t a scenario anybody can draw up that is
more bullish for gold than the one we find ourselves in right now … but the
banks don’t want to let gold go up cuz their globalist masters at the FED don’t
want you to be able to buy it … so, they blow the bid/offer spread out to the
highest ever seen and make you pay “vig” that would make Vito Corleone blush
with envy if he were alive today … why pimp, run numbers, & run other scams
when you can just be a “legit” gold bullion dealer? … if only somebody had told
him.
There’s only so many band-aids you can put on the dam’s face wall, before the
whole edifice collapses, floods the valley and kills everybody … from where I’m
sittin’, I can clearly see the water pouring through right now … every day, an
exercise in financial media spin that makes Nazi propaganda efforts look like
child’s play … Dr. Goebbels, please pick up the white courtesy phone or call
your office!
Cuz according to the Twits at the FED, we can simply CNTRL-P our way to
prosperity by trading “stock bellies” ever higher, thus insuring criminal
enterprises like JPM trading profits for global elitists … cuz when you get right
down to “brass tacks”, the ONLY things the morons in the faculty lounge care
about are 2 things … 1) not being in the faculty lounge when the entire
enchilada of the U.S. economy implodes and the “pitchfork” crowd comes for
them, and more importantly 2) getting that 7 digit consulting “gig” at one of the
Wall Street cabal of shit weasel banks when their term is up … as for you, who
fucking cares? … since 1913, doing everything in their power to destroy the
middle class and make the entire country nothing more than a bunch of debt
serfs.
I don’t think in the entire history of the world, any place there has ever been
something resembling a “market”, whether it’s rice, spices, silk, etc., right up to
present day financial witchcraft a/k/a financial derivatives trading, had anybody
ever seen a bigger “disconnect” between reality & marketplace … everything
rigged by central banks via their BFF’s the scumbag TBTJ & TBTF banks, until
of course it ain’t … like in crude oil, where you actually have a “deliverable”
product, and no amount of QE bullshit from the faculty lounge is gonna produce
a barrel of oil … and so here we are, I can hear the chickens cackling as I write,
as the sun comes up on Gotham and crude oil already is in negative territory
and the CFD’s [which are based on 2nd or 3rd futures month oil] have over a
$10 range, and the New York trading day hasn’t even started yet!
How many millions of people are involved in the energy biz in the U.S.? … but
hey, if we can just get the DOW30, a/k/a “The Tulip Bulb 30”, “GREEN” for the
day, then “Everything Is F-ing Awesome, Baby!” … cuz if stocks [bellies] finish
“higher” for the day, how bad can it be? … meanwhile, 22+ million people are
unemployed and look for that number to go much higher as the oil biz folks get
furloughed starting in 3 … 2 … 1 … “no worries, just a depression worse than
the ‘29 “great depression”, and we’ll just print our way out of it” … EXIT
QUESTION: “what’s the over / under year for a loaf of bread costing a Benji”?
With oil negative, maybe they’ll trot out Kudlow [if they can find him] @ CNBC
for a “shits & giggles” pep talk on how great the economy is and why stocks are
a screaming buy … and then after you pick yourself up off the floor from
laughing so hard, go on over to YouTube and watch a Goebbels speech telling
the crowd how they’re gonna win the war [with bombers overhead] … is there a
difference? … sorry, I don’t see one!
And just to spice things up and give everyone a sense of perspective, directly
below an approximate 10 year chart of crude oil VIX.
click on image to enlarge
“Nothing to see here Sheeple, move along!”
And while the Titanic [U.S. economy] rolls over and sinks, the orchestra in first
class is taking requests, and can I get some more champagne & caviar over
here? … “geesh, have standards started to slip or what”?! … and while 999
people out of 1,000 off the street will have no idea the implications of “OIL VIX”
being in outer space, I can tell you flat out it ain’t a good thing … this place is so
fucked, you really have no idea how bad it’s gonna get, and that’s with the
assumption there’s no “wave 2 or wave 3” from the CHICOM KUNG FU WUHAN
FLU! … “I hate to be the one to break the news to you Skippy, but life as you
knew it, is O.V.E.R.”.
It appears that central banks have got the FX space controlled for now … nothing
to see here, nothing to trade here, and with May and then Summer approaching,
this space is dead meat for IVIX [intraday volatility] … not sayin’ there won’t be
occasional hiccups, but for the most part IVIX here is “buh bye” … I look at my
trading screen, and the insane, vicious moves coming out of “stock bellies” &
crude oil is breathtaking … remember, it was the FED that tried and failed to put a
lid on VIX … all of this insanity you can lay right at their inept feet, and if markets
were allowed to trade freely, this wouldn’t be happening … too much hubris, they
never ever learn anything from history or human psychology, and instead adopt
the mantra, “this time it’s different” … no, no it isn’t.
And while yesterday saw problems at Turnkey via their scumbag LP’s in the
DAX30 & crude oil, today sees the “oil problem” fixed … consistent 2 cent spread
on the WTI OIL CFD from very early this morning … in fact, the bid/offer quote
mirrors exactly PRIMEXBT … finally, same LP’s? … whatever, but if today sees no
problems in the oil CFD as the May 2020 futures go off the board at 2:30 PM EST
on NYMEX, and the 2 cent spread stays relatively consistent throughout the day,
I’m gonna watch oil for trading opportunities for the PAMM / MAM going forward
… no reason not to be short this puppy, as the problems in the oil patch grow
exponentially by the day … looking at yesterday’s trading along with today so far,
and the algorithm in oil is “off the charts” excellent in terms of sell signals … the
key here is can they keep the spread in line … if they can [a big fucking “if”] it’s
most definitely tradeable … we’ll see what happens today … and whether you like
it or not, and no matter which market you want to trade, “we’re all energy traders
now”.
Well now, here minutes before the “Tulip Bulb 30” opens for cash trading on the
NYSE, here comes Trump with the bailout for the oil industry … natch, oil takes off
for a $2+ per barrel ride higher, and those short tulip bulbs panic bid this shit 300
index points higher … perfectly timed by our Preezy, to get stocks to open higher
and give the illusion [delusion] that all is well in our quasi police state of
pandemic lock down … nothing like honest markets, right? … nothing more than
a “pump & dump” scheme by the usual suspects, ho hum.
And just like that, the oil ETN, symbol OIL, is kaput! … the 2X leveraged fund went
“belly up” today … AND, IT’S GONE!! … plenty more oil shoes to drop in the days
ahead, right along with states seeing NADA sales & gas tax revenue … shitboxes
like New York & Illinois, to name just a few of the Libtard bastions of idiocy, will
be crying for another federal bailout shortly … will the crying, gnashing of teeth,
ever stop? [Hint: Nope!]
How do I even describe trading today, for a word called “markets”, which doesn’t
really exist anymore … every single market on earth a central bank manipulation
exercise via the scumbag LP banks … market now means “the political will to
effectuate a modern day Ponzi scheme for global elitist purposes” … and now
today from my trading perspective, all that “buy fuel” in tulip bulbs from shorts
overnight got burned up by Trump minutes before and right after the open … now
where does the buying come from? … me neither … until the next word from on
high from either “Big Daddy” himself, or one of the dwarf Apparatchiks hanging
around CNBC, Dumbberg, or Reuters … until then.
Right out of central casting, here comes the CFTC head dimwit, telling the world
everything is fine in oil … sure Skippy, sure it is … I’m just wondering if the
world’s most corrupt exchange is gonna face some hefty legal lawsuits for
allowing oil to go negative … “Oh, I can dream can’t I”? … and around Noon EST.
is when oil spreads went haywire cuz another Apparatchik opens his Pie Hole and
talks about shit he has no clue about … 15 minutes later it’s back to normal
… and of course, the tulip bulbs scared the shit out of some shorts, so there was
a quick blow up in stocks that’s been faded … and without the POLS &
Apparatchiks, where would this concept of “market” be? … what a fucking joke
this shit is … truly, you either laugh at it or it makes you cry.
And since we’re all oil traders now, no matter what it is you’re trading, and after
giving the “Goebbels talking points speech” on CNBC that everything is fine now,
crude oil is heading South quickly for the low of the day … amazing, since he
shut up and stopped talking, oil has done nothing but go straight down … and if
the June futures contract gets under $10, look the fuck out … seriously, what’s
gonna change over the short term that would get anybody to buy oil? … and
don’t forget, the world’s largest oil ETF, which is “USO”, is long about 30% of the
entire open interest in June WTI crude oil futures … “these are longs that are
gonna have to be liquidated over the next month, or 20 trading days … no
worries, just roughly 240,000 futures contracts, as of yesterday’s settlement
figures worth 1,000 barrels of oil for each one … or 240 million barrels of oil … and
at 12:34 PM EST, the Oil CFD at Turnkey just hit a new low for the day at $12.51
… the OIL CFD is down a hair short of 50% FOR THE DAY!, but no worries cuz
your government says there’s “no problem”, and everything is fine … “you’re
gonna need another Apparatchik on CNBC with some street cred that doesn’t lie
through his/her chattering teeth! … yea, good luck with that”.
Quite frankly, this entire oil scenario is threatening the entire financial landscape
of world markets, and I don't mean just oil … this is a “Class A Clusterfark”, and
somebody better get a grip on this shit, or the world is gonna go through a
bloodletting revolution … we’re halfway there already … it’s the last half where
things get really messy.
One good algorithm buy signal today in the DOW30 … TURNKEY PAMM / MAM
UP SLIGHTLY LESS THAN 0.2%
There actually were 3 signals, but 2 got blown through via the CFTC clown, and
right near the open with Trump’s plan to bail out the oil patch … in both those
cases, hitting the buy button would have spelled a completely shit fill on the
upside, and nobody wants that … remember, we need others to be the “buy fuel”,
not us … you NEVER want to be somebody else’s “buy fuel”.
Here in the afternoon past 1:30 PM EST, with Europe closed and we head to the
2:30 PM EST May 2020 oil futures settlement of the front month for delivery
… this could get ugly, and who knows where shit lies when it’s over and what
effect it has on the second month OIL CFD’s that are traded, and how it’s gonna
affect stocks going into the 4 PM EST close … so far, the day has been one of
patience & discipline, waiting for the proper signal to take advantage and profit
… I have no idea what the late afternoon holds, and quite frankly don’t want to
find out with any position … and as I go to post, oil went down to $9.63 … good
grief could this get ugly … I’m outta here & need some Vitamin C therapy … lime
& Corona should work out very well.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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