Today’s NFP idiocy a little unusual, since it comes right before the July 4 Holiday,
and U.S. markets are closed on Monday, so it’s gonna be a rather quick session
to do anything, with only about 2 ½ hours from report to the European close,
where I guarantee come 11 AM EST [New York], traders will start hitting the exit
gate for home … gold will be open in Asia & Europe and closes at 1 PM EST
[New York] on Monday … and if history is any guide, often times these type of
days can get somewhat wild … not prediction’, just sayin’, cuz they aren’t the
dead affairs most would think are automatically in the cards.
I find the last few days headlines from financial markets to be totally
dysfunctional … the lies & propaganda being fed the public is a disgrace … no
more so than today’s heralded jobs report, where we learn over half of the jobs
were 1) bartenders, and 2) “indoctrination specialists” [a/k/a “teachers”] … I can
understand the bartenders, cuz to live in the U.S. you need alcohol to make it
through the day given the third world status the U.S. now enjoys … I guess
“indoctrination specialists” cuz of all the kids needing summer school since
they’re dumbed down to the point of being just slightly smarter than a basket of
retarded kittens … the U.S. is in fact 4th century Rome, simply to dumb too
notice what’’s going on and too poor to care.
Once again today, gold takes off on a run right before the jobs report … amazing
how often those involved in ramping markets always seem to be on the right side
of the report … probably nothing … gold today doing it’s best impersonation of
Ethereum trading action, which as I’ve said before, this IS THE FUTURE OF
GOLD! … and “giddyup”!, I’m certainly ready for it … for lack of a better term,
I’ve decided to simply call the scalper model in gold [this is for GOLD / SILVER
ONLY] simply “VEGAS GOLD SCALPER” … as I said yesterday, this algorithm is
so good, that at first you don’t want to believe it … seriously … today is rather
unusual cuz of the report + Holiday, so for my money only about 2 ½ hours of
effective trading before things go dead quickly.
There were multiple algorithm buy signals in gold today … TURNKEY PAMM
UP SLIGHTLY LESS THAN 0.1%
I will note, that they were all winners, although some came in the last half hour to
hour of the European session, and these I did not take cuz I was concerned about
getting trapped in a dead market ahead of the Holiday … my volumes were very
light as well for the same reason … come next week, volumes will increase and
normal trading can resume.
Meanwhile over in crypto, it’s dead all over … not only are ranges contracting,
bid/offer spreads in the alt-coins are widening, and trading conditions going
south faster than Biden’s mental state … I’ll have more on the crypto space in
Sunday’s blog update.
You look at markets across the board, and none of ‘em really doing anything
today, even with the slight NFP miss to the upside … FX better than yesterday,
but that ain’t saying much … “Stock Bellies” losing ranges & VIX, just what the
manipulators want to see, and the only real range put in today was in gold
… granted, the way it got put in rather suspicious, but nonetheless you still got
an almost $21 range, just slightly smaller than its 20 Day Range MA, which has
been skewed upwards cuz of the June 16 & 17 “Thelma & Louise” rides over the
cliff … in other words, a pretty normal day … get used to it, and that added IVIX
cuz scumbag bullion dealers have either quit or severely scaled back operations
in gold, is a definite plus for us cuz it makes scalping trades easier!
Until Sunday’s blog update … outta here … “the future’s so “GOLD”-en bright
I need sunglasses”! … Onward & Upward!!
-vegas
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