Now, that escalated quickly to the downside, didn’t it!? … a scant 200 hours ago,
everything looked “roses” in parabolic moves … today, 50% haircuts all over the
place … NEWS FLASH: “BTFD isn’t enough, you got to “HOW” to BTFD & “When”,
and it ain’t catching the falling chainsaws out of the sky from 35,000 feet!
… meanwhile, FX can barely move it’s so pathetic … “I don’t care what I said
before, I’m a trader and I can change my mind”! … and I just did early this A.M.
… seriously, hell is gonna freeze over before I wander into FX pairs again … they
are simply D.E.A.D., and we’re better off in gold / silver, even if we have to put up
with the slippage on occasion.
The crypto news is about China, but the real story is all of the PHYZ Bitcoin moved
into the major crypto exchanges yesterday … tens of thousands of BTC, and that
means “sell, Mortimer, SELL”! … TRX today moving down into the 6 cent area
from 12 overnight, another “Thelma & Louise”, that when it got going got
“butt ugly” … it didn’t help, when right near the bottom, both Coinbase &
BINANCE had system outages … “another coincidental “glitch” no doubt, and of
course it mean that PHEMEX went down as well cuz no arb liquidity … when the
systems came back up, “miracuously” prices everywhere had staged a comeback
… imagine that? … funny how that works … “scumbaggery, scumbaggery
EVERYWHERE”!
Gold getting a massive boost today [early so far], on a JPM report advising clients
to swap out of crypto and get into gold … how many Muppets will eat this pie
before it’s over, and regret it later? … the same ones who bought BTC above
$60,000+, that’s who … from my perspective though, it looks like the very
beginning stages of the “endgame” in the “Comex Con Game” … in case you
missed it from a few days ago, directly below the link.
https://www.zerohedge.com/markets/macleod-end-lbma-nigh
The implications of this for gold trading are enormous, and while I don’t know
how it will specifically affect gold, it should lead to greater volatility and price
ranges … let’s hope so, cuz if they can keep the spread in line, it will be as good
as TRXUSDT in crypto, which has treated “The Syndicate” very well indeed! … and
we all know that if gold were indeed a “free” market, it most likely would have the
same price as BTC … simply based on the amount of dollars in the world, divided
by the amount of gold the “U.S. of China” holds, and we’re talkin’ about gold
priced around $75,000 … “go ahead, “Rally Protection Team” [RPT], run the
CNTRL-P machine some more and have your BFF scumbag bank buds sell more
gold for you, we’ll all be at the finish line at your trial and subsequent public
hangings!
And speaking of worthless & useless trading markets, the only way you’ll see me
trading anything in the currency FX space, is if the “Pod People” get me, and then
you’ll know the alien invasion has begun … otherwise, I want ZERO to do with
them … and if you want to trade them with the trading algorithm, good luck & have
at it, cuz you’ll be doing it without me … VIX in this space is absolutely
“stone cold DEAD”, and algorithm signals will be like “flips of a coin”. What shit
markets!
Just another “coincidence” in the gold market … don’t you find it strange, that on
the day JPM tells “Muppets” to get out of crypto and long gold, here comes the
FED minutes and the talk is “taper” … well, that’s not good, and there’s a nice
$25+ haircut from the top so the scumbag bullion banks, JPM the leader, can sell
to the “Muppets” on the way up, knowing full well what the FED minutes had in
them … just remember this! … “every single time gold goes up, there’s ALWAYS
some announcement or report somewhere that quickly follows to knock it down
… Apparatchiks make sure of it … and until the revolution [maybe Basel 3, I
dunno], the “Comex Con Game” is gonna get played on people … trade it, don’t
date it”!
Multiple trades today in GBPUSD & XAUUSD … TURNKEY PAMM “UNCH’D”
Not entirely “UNCH’D”, cuz of commissions plus a few pennies, but overall it was
a wash day … Cable losses on “false positives” from the trading algorithm cuz
the “Hoover Dam” market refuses to frickin’ move and trade, and offset by gold
gains on a solid algorithm signal trade … quite frankly, given the day’s
“Twilight Zone” action in about everything but FX, a wash smells like “victory”.
Over in crypto land, a complete & utter meltdown across the board, from BTC to
almost every alt-coin that’s traded … TRX getting “monkey hammered” in half
… but, before the carnage got started in New York, multiple trades on early
Europe action in TRXUSDT for “The Syndicate”, and we’re
UP APPROXIMATELY 0.9%
AND WHEN THE BLOOD STARTED FLOWING, the spreads blew out in
everything, including TRX, and I backed away not wanting anything to do with
catching falling chainsaws from 35,000 feet! … quite frankly, it’s gonna take
months to repair the technical damage from today in all of the coins, including
TRX, cuz a lot of folks literally got wiped out today … we’ll see what the action
looks like tomorrow and Friday, but beware “dead cat bounces” that suck you in
… and with this move back into single digits, down to the 6 cent level, ranges
most likely will diminish from here, and there’s the possibility I’ll be looking for
another alt-coin to trade that has most of TRX’s credentials … we’ll see what the
landscape looks like after the dust settles some, cuz it’s too soon to tell now.
As long as gold can maintain its thin spread and a decent range, we’ll be OK in
the PAMM … CABLE OUT! forever! ] … GOLD IN!! [long live the King!] … and not
to put too positive a spin on it, but IMHO the crypto “Thelma & Louise” on steroids
is very bullish for gold & silver, cuz both have been ignored for a long time [since
last summer], and if you add the Basel 3 BS coming real soon [end of June], the
gold & silver trade looks promising by comparison to just about anything else on
the board … so onto tomorrow … HI HO gold & silver, away!
Outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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