None of what we see going on in financial markets is ever going away, until the end
of the FED … it only gets worse with each QE / “tapering” cycle, their overt
manipulation schemes enabling the 0.0001% and screwing of the middle class
… meanwhile the “U.S. of China” is on the road to Venezuela … wait a few months
and see where food & fuel prices are at, and that’ll clear up any mystery you might
have … and in the process, not only have they alienated the entire financial world
against the U.S., the latest rebuff coming from other countries telling Grandma
Yellen to “pound sand” over the idea of a global minimum corporate tax rate, to
nobody believing a single word these clownish asshats utter day-in, day-out
… everybody knows of the scam being run here … except them of course, who
actually believe they matter … then there’s the Grand Dope of them all, Preezy
Depends, who’s nothing but a puppet for communist / socialist handlers … it’s the
deal he made “with the Devil” to win a stolen election … you think other world
leaders care what this clown says?
Meanwhile, quite a battle going on between the scumbag bullion dealers on behalf
of a corrupt system to suppress the price of metals … the manipulators know
they’re living on borrowed time, and praying mightily that the U.S. economy picks
up steam to save their collective asses … and with Basel 3 coming at the end of
June, who knows what happens next? … what I do know, is that if specs don’t
stop buying gold day after day uninterrupted, the next “Thelma & Louise” will be
gold, guaranteed!
This was the second day in a row, where we get a “Stonks” explosion higher
[150 index points in 8 minutes straight up], only this time right before a major
economic report … “gee, who bets billions right before a market moving report”?
… nobody I know of, unless you already know what the report is gonna be … so,
2 days in a row of bullshit action before “Stonks” open, and then it’s basically
“sleepytime” the rest of the day to the close … nice, thanks … both gold & the
DOW30 underperforming today relative to their 20 Day Range MA’s, which is
kinda surprising, but on the other hand it’s a Friday, and with crypto getting
blitzed people are on edge, so at least there’s some plausible deniability as to
why below par movement.
Over in crypto land, I watched some other alt-coins today, and quite frankly
they’re worse than TRX when it comes to trading action, as their spreads have
not come back to where they should be and are still quite wide and uncertain
… meanwhile, all of the alt-coins have lost players cuz volumes are way down,
and with it ranges … and while there is still opportunity for trading, especially
scalpers, the day traders will have to be content with less cuz those moonshot
higher moves on volume won’t be happening for a while … it’s gonna take time
for crypto to recover, and that’s if there are no other shoes to drop in BTC or
ETH.
No trades today in anything … DOW30 ruined cuz of the bullshit at the open and
then no follow through with a sub par range, all the while each minute that goes
by the M1 ranges getting smaller as volumes decrease … and I’m not interested
in hanging around for the last 20 minutes of trading and playing “at the close
roulette” ...for gold, take away the Grandma Yellen debacle a few days ago, and
gold is up 13 days in a row … how many days in a row do you expect the
“beanstalk” to grow to the sky before the “Thelma & Louise” act shows up for
some wicked sell stop action? … I thought with the stagflation news today, that
we’d see 1872 taken out, and with it the range expanded closer to normal, and get
some good buy signals from the algorithm … NOPE! … and so gold sees a sub
par range and a classic “Flying Wedge of Death” [FWD] … wonderful … and like
the DOW30, once the reports were out of the way and some orders crushed into
dust by the usual suspects, volumes slowed quickly and it’s back to bullshit for
gold … I am concerned however, with this growing uptrend with almost ZERO
corrective activity that lasts any longer than a few minutes … this ain’t healthy!
… and the problem is, the avalanche lower will start in a heartbeat, usually when
the banks ask the FED to send out some Apparatchik to talk about a
strengthening economy, or tapering, or anything else that can send gold lower in
seconds … and that means sell stops are in play, and if this rally keeps going into
next week, those stops are gonna get serious, and that means some obliteration
of price … today, though, nothing but the FWD and mostly sideways bullshit.
Blog update on Sunday … outta here … “the future’s so “GOLD”-en bright I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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