As we start June, the real question is whether or not any kind of VIX can show
up in any meaningful way, or do we get the same “VIX crushing” we’ve seen
these last weeks? … Basel 3 at the end of the month will keep gold interesting,
cuz unless there’s some changes at the last minute, the entire gold trade as you
now know it will cease to exist, meaning no “Comex Con Game” any longer and
more than likely the end of the infamous LBMA [“What, me worry”?].
“Stock Bellies” might have a reckoning with gravity, especially mid month when
PPI & CPI inflation figures come out, and talk [cuz that’ll all that it will be is talk]
moves towards “tapering” … not the end of QE, just a slowing of growth, which
will cause “wetting the bed” from bubble “Stonks” … and the bullshit flying high
from the Faculty Lounge Lizards at the FED will be something to behold, as they
peddle propaganda to anybody who will listen, that “problems” are “transitory”
… it figures to be an “interesting” month.
And speaking of “Grifters”, nothing beats the scum on Wall Street, where
practically everyday, the “Chipmunks” [mutual funds, ETF’s, etc.] get fleeced at
the NYSE open … today a classic example of “fill ‘em” at the top and then
“Thelma & Louise” the shit out of price down the rat hole very quickly … then
when that’s done, go sideways indefinitely and die on the vine! … welcome to
the world’s capital of money laundering Asian gains!
Gold simply pathetic … I truly hope the bullion banks go bankrupt at the end of
the month, and the LBMA is dissolved … learn to code fellas! … price action here
is about as bad as I’ve ever seen it, and although the ranges are holding up,
everything comes in terms of “speed of light … crickets” until next time, and they
still haven’t cleaned out the needed sell stops from LONG positioned specs like
they need to … the longer it takes the worse it’ll be on the downside … in any
event, the problem in gold is CONSISTENCY OF VOLATILITY … oh sure, for
15 or 20 minutes maybe something happens, then over the next [pick a number]
hours it can’t even go ± $1, and with the usual “I got raped” slippage, bid/offer
spread, and RT commissions, somebody tell me how the hell anybody trades this
without going insane? … and again let me remind everyone, this is the M.O. of
manipulators everywhere … crush VIX, but when the banks are positioned right
and the specs ain’t, Bingo!, Bango!, Boom!, there goes gold on a “romp”.
Meanwhile in crypto, one of the slowest days in recent memory … the alt-coins
truly sick today with extreme sub par ranges versus their 20 Day Range MA’s
… nothing but “chop city” in these, and as for the big dogs of BTC & ETH it’s
basically the same … the consolidation of crypto continues from the BTC crash.
Multiple trades today in the DOW30 … TURNKEY PAMM “UNCH-ED”.
A “false positive” buy signal cost us the day, but further signals made it back
… really a wash day … while the day’s range is good, pretty much ALL of the
action on the upside came from the Asian & Early European sessions … since
the NYSE open, it’s been Mr. Slim Pickens on the upside, with almost no interest
in taking price higher … just a slow moving train wreck lower after a disastrous
open to the downside … quite frankly, I’ll take “UNCH-ED” in “Stonks”, but what
disappoints me the most is the trading action in gold … for weeks, this market
simply can’t get anything going either way, without dying for hours on end and
drifting all over the place … the 20 Day Range MA continues to contract, and the
trading action at times totally ridiculous … the bias has been to the upside, but
it’s been very choppy and lackluster most of the time, especially in the New York
session … quite frankly, they could do away with New York trading and I don’t
think anybody would particularly care!
No trades today in crypto for “The Syndicate”.
Wow, what a VIX stink bomb today in crypto! … TRX & ONT just drifting aimlessly,
and can’t really move anywhere … better to simply leave it the hell alone … you’d
be hard pressed to find a worse trading day in crypto than today.
… I'm so outta here, until tomorrow … “the future’s so “GOLD”-en bright I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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