“All buy/sell indicators look the same from Mom’s dark basement !”
Isn’t it amazing, that this weekend POLS & Apparatchiks turn their attention to
BREXIT, and then run to the financial MSM with the tales of woe that the Brits
aren’t “playing ball”? … this bullshit has been around the block so many times
[50 MONTHS AND RUNNING], there’s almost a frickin’ moat filled with water from
the path … amazing that when the scumbag LP banks are short up to their
stinkin’ eyeballs with short positions, that coincide with record long positions
from specs, along comes “jawboning help” from the usual suspects at
manipulation HQ … banks win you lose, what did you think was gonna eventually
happen? … “Mom, could ya turn the frickin’ lights on down here so I can see
WTF I’m doin”? … I think I hear noises … nah, can’t be, cuz we got honest & fair
markets, right? … Bwahahahaha”!
Meanwhile, over on ZH this weekend, an article on the biggest scam going in
trading finance, the “short gamma” squeeze game, where we learn some ugly
truths about trading finance in the modern age. The link directly below.
Bottom line is simple … central banks prop up & defend large hedge funds and
their very big bets on markets, with a “socialism if it’s a loss, and private gains
if it’s a winner” … latest example is Softbank, and you just have to wonder what
the thieves & crooks in “Peter Pan Kuroda’s” BOJ crew are getting under the table
for this bullshit of giving shade to slimy crooks bigger than themselves?
Markets as a whole not doing much today but drifting … except for Cable & crude
oil, where from the word “open” last night into today, it’s been nothing but a
selling frenzy … bouts of nothing mixed in with panic selling tells you everything
you need to know about today … otherwise the other FX pairs, outside of Cable &
its crosses, doing what you’d expect them to do with the U.S. closed and Europe
seemingly paralyzed with inaction … and so they sit & diddle … even with the
Holiday, can’t beat the bid/offer spreads at Turnkey OR COINEXX … directly below,
a screenshot of spreads in crude oil, EURUSD, GBPUSD, USDJPY, GBPJPY, &
EURJPY … Cable/Yen a tad higher cuz of the Holiday, but still not bad at all … “it
reminds me of something I was told by a Saxo Bank VP back in 2006, before the
great ‘08 crisis, that I would never in my lifetime ever find a GBPJPY bid/offer
spread better than the then 6 ½ PIPS quoted at Saxo … here we are 14 short years
later and it’s below 1 PIP most days, approaching “0” … throw in 2 tenths of a
PIP RT commissions, and the way this stuff can move makes it a “no brainer” if
conditions are right … ditto with the rest of ‘em! … crude oil getting hit cuz of
Saudi Arabia price cuts, which I guess means there isn’t any “V” shaped world
economic recovery like they had planned on … price back to June levels under
$40 for WTI.
Coinexx will be the same
After 50+ months of the bullshit a/k/a BREXIT, it’s nice to see an end to this
clusterfark of POL’s making … BoJo says October 15 is the deadline for any deal,
and that coincides with an E.U. parliament meeting … we’ll see what happens in
the next 6 weeks, as both POLS & Apparatchiks race to fill the mistress funds
before Christmas, with bullshit rumors fed to banks [who else?] about the second
coming of the end of the world, but as for now a no deal BREXIT is getting priced
into GBPUSD, and longs are getting skewered cuz it’s generally believed a no deal
BREXIT will cause a “hit” to the British economy … don’t know about that, as the
Brits don’t really need any help to FUBAR the third world shithole they’re living in
now, but it will be interesting to see the “poker faces” of the Dimwits on both sides
as we get down to crunch time … let the game begin, with lurching & grabbing in
Mom’s dark basement, to see who gets what and who gets screwed.
No trades today in the TURNKEY PAMM / MAM.
Holiday trading is the worst … add a post NFP Monday to the mix, and it’s doubly
worse … there simply isn’t anything here from the time the sun came up in New
York … Europe is basically useless, and with the U.S. closed, that leaves NADA.
… until tomorrow … Onward & Upward!!
-vegas
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