THE GOLD RESET CLOCK IS TICKING

 

“Does anybody have a clue how Basel 3 will affect gold trading!?”

On the face of things, it sure looks like the FED engineered last Thursdays

collapse in gold so the banks could cover shorts some $40 - $50 lower, and with

knowledge of Friday’s disappointing NFP numbers here comes the mini melt up,

and oh by the way, we’re long now so thanks! … nice work if you can get it, but

this is the kind of thing that’s gonna be going “buh bye” come July 1, cuz banks

will no longer be able to trade “unallocated” gold, at least without severe financial

penalty.

So, do the mega HFT’s step in and make a market for gold? … they aren’t bound

to rules banks are, and if so, do they simply arb futures or are there physical

gold markets they would look at? … what happens to bid/offer spreads? … I have

a sneaking suspicion VIX will definitely increase, and further evidence the FED is

trapped in an inflationary bubble of their own making will more than likely see an

explosion in price … and without the banks in the way, could the Ruskies &

ChiComs with their vast reserves, push gold to the stratosphere in terms of price?

… if so, this would hurt the west while making the case for gold backed Rubles &

Yuan, especially if the U.S. doesn’t have the gold they say they do … we’ll know

soon enough starting in 24 days and counting down!

Another Monday of dull action everywhere, which is almost always heightened

the Monday after NFP … historically, one of the worst trading action days you’ll

find anywhere … FED Pie Holes in “my lips are moving so I’m lying” quarantine

mode ‘till the next FED meeting here in June, so we don’t have to be subject to

non-stop wishful thinking for a while by Apparatchiks with agendas.

What’s there to say about markets that refuse to trade and move? … gold

another embarrassing display of doing nothing, and the DOW30 straight down

since the open … very sub par ranges versus the 20 Day Range MA’s, and

volumes so light they might as well be non existent … sure, the algorithm gives

off some signals, but what do they mean when there’s no volume and very little

movement? … it says to me leave it the hell alone until some action comes back,

otherwise you run some severe risks without commensurate reward … hell, even

crypto alt-coin pairs are facing severe volume slumps as traders have pulled

away while BTC & ETH do NADA but chop around … the frosting is off the

cupcake for sure in crypto for the moment, but it’s better than the bullshit that

passes for “trading” over on the MT4, where things have gone from slow to

ridiculous … good grief what a crock!

No trades today for the TURNKEY PAMM.

Over in alt-coin crypto land, multiple algorithm trades in ONTUSDT, and “The

Syndicate” is UP APPROXIMATELY 0.10%

Not a lot here either, but some early European session algo buy signals at least

returned some very small gains … nothing like before the BTC crash though

… all you can do is take what the market gives you, and not worry about it.

Outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎

… Onward & Upward!! 

-vegas