SILVER LININGS IN SOME VERY DARK CLOUDS

 

“That time you made a good catch!”

Same old, same old in gold … nothing has changed, the scumbag bullion banks

still run the show, and all that PPI sizzle got wasted as fast as it came

… meanwhile, since when is high inflation good for “Stonks”? … right, ALL

NEWS is good news for “Stonks”.

FX today was as bad as I’ve ever seen it … not even a 30 PIP range in EURUSD

‘til 14:00, and the dead cat bounced a little more on the PPI print, but overall a

piss poor day trading action wise … still, the scalping algo modeled EURUSD

about as well as could be … but, better trading action in GBPJPY … and quite

frankly, these pathetic ranges in the majors very tough to deal with … there’s

LOW IVIX, then there’s today up to the PPI print, and that’s much worse than

simply LOW IVIX, that’s non existent IVIX … I think I’ll be better off tomorrow in

GBPJPY, where the signals rival EURUSD for effectiveness … should have been

there today, but you live & learn.

As I said yesterday, I’ve soured on gold cuz it’s the same bullshit as before, and

its trading action today shows it … the “Comex Con Game” back in full force, and

these shit weasel bullion banks haven’t missed a beat … highest inflation EVER

in the PPI, and this shit can’t hold a rally … OK, so if it isn’t the bullion banks,

who’s doing all the selling? … customer orders my ass … their tax haven

spinoffs leading the way lower for gold … “you know, AS CUSTOMERS”!

… what bullshit.

Meanwhile, “Stock Bellies” going back & forth viciously in a rather tight “Flying

Wedge of Death” [FWD], locked up here in the 34,900’s and seeing only chop

… what if they stay like this for years? … and speaking of chop, WTF has

happened to crypto? … “throw some dirt on it and say a prayer, it looks like it’s

getting lowered into the ground for burial, especially the alt-coins”!

No trading today in anything … like I said earlier, shoulda been in GBPJPY, but

watched in horror as EURUSD sat frozen under a 30 PIP range for hours on end

… only a sigma miss in PPI saved it from true embarrassment … even with

extreme sub par IVIX, the scalping algo does exceptionally well in both EURJPY

& GBPJPY, but Cable / Yen with a bigger 20 Day Range MA and slightly higher

volatility … and for that it’s only a couple tenths of a PIP higher in the spread, so

what’s not to like? … granted, I’m not gonna get caught playing market

“Whack-A-Mole”, trying to figure out which one moves today at the expense of

others, I’m gonna stick it out, unless there’s an overriding reason to switch

… right now, that market is GBPJPY so that’s where I’m gonna park myself.

And for the last 2 weeks at least, the DOW30 if it’s moved at all, comes in the

Asian session, with Europe doing NADA, and the NYSE session a complete

“shitshow cicus” joke for range and IVIX … “it’s nothing but a FWD inside a

very tight NYSE range … quick spikes from the tips and a whole lotta chop in

the middle … quite frankly, this space sucks for trading, and don’t forget the

slippage that’s always potentially there waiting in the wings, where they tank

the bid or sky rocket the offer and fill people way off the market.

In any event, onto Cable / Yen … outta here … “the future’s so “GOLD”-en bright

I need sunglasses”! 😎 … Onward & Upward!! 

 -vegas