More “comedy gold” today, as Preezy Depends holds his “infrastructure” presser
today … “infrastructure” meaning all the porkulus that goes to union thugs and
crony capitalists dotting the fruited plain, with about 1% going to actual needed
improvements … question is, will it be as bad as the last presser he did, where he
just wandered off into space and looked like he couldn’t remember the room at
the nursing home he’s staying in? … don’t look for any questions, just
mumbling & bumbling along the road of idiocy … it’s who he is, and it’s what
he does.
Rates on the 10 YR. today stubbornly refusing to budge lower, and have broken
above 1.75% … wait ‘til the Dope lays out his porkulus package of about
$3 trillion dollars of woke, climate change, SJW bullshit, and see what rates do
then … why can’t the Gubermint just send us all $10 million dollar checks and
get it over with? … everybody can be rich and happy, and buy all the stuff we
want, and nobody has to work, and we can all watch sports on TV all day, right
along with all the other Utopian dreams Libtards have … why not?
And with all of the above, gold & silver today [early] getting “monkey hammered”
lower, and Bitcoin above $59K threatening new all time highs again … seems
PayPal is going to allow shopping with crypto [BTC and some other coins as
well] … remind me again gold bugs and Bitcoin haters, how come PayPal [Visa
yesterday] doesn’t allow members to shop with gold? … right, keep dreaming
cuz while gold and silver aren’t worthless, unless we go back to bartering pigs
& chickens, and the world returns to 1850, gold presents real logistical
problems for commerce and as a store of value … “bigly & yuge” problems
… and it’s why it can’t rally IMHO, cuz given the fact that 40%+ more dollars
exist now than they did 1 year ago, gold should be through the roof, and it ain’t!
… gold topped out in 2011 when Bitcoin was about 11 cents per BTC … gold is
about $200 lower than a little less than 10 years ago … meanwhile BTC has
gone from 11 cents to $59,000 in the same period … REALITY CHECK: “the
world isn’t the same place it was 10 years ago, and things change … more and
more, and I don’t care what others think, I’m just looking at the facts as they are
NOW, gold is becoming more of a “pet rock” that’s shiny and yellow than ever
before … yes, it has value & utility, but it simply doesn’t have the same
investment utility it did in the past … doesn’t mean things can’t change and
change quickly, but in order for things to change, the FED has to cease to exist,
and the revolution has to start … maybe it happens tomorrow, maybe it never
happens, who knows? … point is, making money is the objective, not getting
stuck in gold “groupthink”. If you bought gold 10 years ago around 1900, you’re
under water mi amigo … in that 10 years has it protected against inflation or big
government debasement of the currency? … NOPE!
And as we approach Easter Holiday this weekend, it appears trading action is
getting worse in FX, at least in the major dollar pairs … 20 Day Range MA’s are
going down like a rock in water … Cable so far today simply abysmal … looks
like it’s following the NDX100 tick-for-tick here early, but that will uncorrelate
soon enough … we’ll know more once the official “infrastructure” clown show
gets underway … “Dr. Goebbels, please pick up the white courtesy phone or
call your office”!
CLASS QUIZ time: “Is it worth trading an FX non dollar cross that has 20%+
more volatility, at a minimum, than either numerator or denominator of said
cross, for essentially an increased cost to trade of about 0.1 - 0.3 PIPS”? … I
gotta say, I think most definitely, and what brings this to the fore, is the fact that
USDJPY has started to gain a trading “pulse” … ever since the BOJ, and
“Peter Pan” Kuroda, have backed off YCC [yield curve control] within the last
couple of weeks, the Yen has started to gain some movement, and I have
definitely noticed with growing interest … enough to make GBPJPY have a
20%+ larger 20 Day Range MA than Cable straight up, and a little less than
DOUBLE the 20 Day Range MA of USDJPY … Giddyup! ... today I watched it,
right along side of Cable, and the increased IVIX [intraday volatility] in the
European session gave off more frequent algorithm signals than Cable by itself
… in fact, Cable today was pathetic, in terms of session range and trading
action, and we didn’t get a “buy signal” from the algorithm until the last half hour
to the “London Fix” and the European close … not AT the close, and NOT an
hour + from the close, but just enough time to squeeze some shorts and
wasting a day’s “buy fuel” in literally minutes before Europe closes … typical
scumbag bank LP horseshit, that comes out of nowhere, and then the BOOM!
lowers quickly when that fuel fades out … if it had come earlier, I would have
taken the signal, but right near the close, no way cuz most of the time it’s a
death trap set up by the banks, and if you end up being somebody else’s
‘buy fuel” you got a real problem going forward into the New York afternoon,
with the criminal element taking over … in other words, better trading in the
cross than either dollar pair straight up … back to the future, as I will once
again go back to the “Dragon trade” [GBPJPY] and follow the trading
algorithm … this should give us more trading signals and better profitability
… I’m getting sick of “up slightly”.
No trading today for the Turnkey PAMM.
I’ll be in Cable/Yen tomorrow, and trading conditions will be better [I think]
… meanwhile, everything else on the MT4 stinks … “Stonks” don’t quite to
know what to make of yields climbing on the 10 YR. … for sure, the NDX100
hates it … crude I haven’t looked at much cuz Turnkey’s LP’s can’t make an
honest market in it, so what’s the point? … crypto at Turnkey is a joke, no
matter what they tell you.
I said yesterday I’m getting really warmed up to ONTUSDT in crypto … the
Ontology block chain is ahead of its time, and the potential for this coin is
staggering IMHO [not financial advice, simply my OPINION!] … a literal ton of
info on YouTube, so check it out … it trades better than the others and has a
more stable bid/offer spread at PHEMEX, along with excellent VIX & IVIX most
days … and we trade it with ZERO COMMISSIONS OR FEES … for
“The Syndicate” today, multiple algorithm buy signals in ONTUSDT, and we’re
UP SLIGHTLY LESS THAN 0.1%
Most of the action came in Asia last night and very early Europe … by the time
the sun came up in New York, the day was over and what was left was simply
minor “Flying Wedge of Death” [FWD] bullshit … but no matter, it is what it is.
Europe is closed now, so FX is finished … until tomorrow … “the future’s so
bright I need sunglasses”! 😎 … Onward & Upward!!
-vegas
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