“Asia flies, the rest of the world dies”! … especially Europe, which is almost
useless most days … another day of either straight up or straight down, today
seeing the straight down version … today, unlike yesterday, everyone focused
on skyrocketing energy prices in Europe, the U.K., & Asia, especially Nat Gas,
which was UP approximately 40% in Europe, and it’s not even really cold yet!
… yesterday’s melt up didn’t matter cuz the manipulators took it higher so the
banks could get out of longs … today, now that they’re no longer long and most
likely short, it’s a different story and suddenly … suddenly I tell you … it matters
again … mind you, nothing “trades” like in a real market [cough, BTC, cough], it’s
either a wall of buying or selling … thank you manipulators, you’re doing a bang
up job of keeping markets FUBAR forever!
Gold seeing a respectable $14 range in the Asian session, and of course Europe
can’t do shit … market bumbles around in a $2 - $3 range, as we wait for the U.S.
session to get underway in a little bit … fast rising energy prices & rising 10 YR.
Treasury yields are keeping gold offered so far, with support around 1745 … and
yes, the old rules still apply to gold, as Basel 3 is about as good as a “Taliban
Joe” promise.
Today sees the ADP job numbers [private], and it’s a slight miss to the upside
… not a big factor IMHO for today’s trade … oil & gas prices are what markets are
focused on, plain & simple … of course, Turnkey’s HFT LP has it’s WTI crude oil
CFD with a 6 cent spread, which is a joke, so there’s no trade possibility there,
and Nat Gas is even more ridiculous … as I’ve said before, they don’t want you
scalping against them and picking them off for easy profits, so natch they raise
the spread accordingly to make it “Hoover Dam” near impossible to scalp either
crude or Nat Gas with these widened spreads and make money.
Today’s gold trade sees us start, not at the usual 7 AM EST time, but after the
ADP report … and since then some 2 hours ago, gold is DEAD with an
approximate $5 range from the tips, but more along the lines of around $3 … all
we need for a market to DIE, is for me to watch it and try and trade it … the
market senses this, and immediately DIES! … or so it seems, sitting here and
watching paint dry.
Bonds are being bid while crude slides over $2+ from the high earlier … Vlad
chimes in and plays statesman saying he’ll supply gas don’t you worry … of
course, it’s frickin’ October, not December or January, and even he can read a
weather report showing moderating temps across Europe over the next 10 days,
which should lower demand some and cause price to dip … and so, when he
sees price start to drop, why not jump ahead of it and play the “good guy”?
… but the longer term picture going into winter is far more distressing, cuz if it
gets really cold for any length of time, Europe & the U.K are “fucked”!, cuz they
don’t have the energy resources thanks to the “Greens” & POLS who are
“woke” … fuck ‘em, let ‘em freeze to death, it serves them right listening to
wacko enviro Libtards! … come winter, let’s check back again and see how
magnanimous Vlad is after he chainsaws them a new donkey for Nat Gas, and
Libtards are literally crying in frigid apartments … “government can’t use the
CNTRL-P machine to make crude or Nat Gas … enjoy the cold”!
Here at the London Fix, I’m pulling the plug on gold for today … It's had 8+ hours,
plus a major jobs report, to get its shit together, and it can’t … nothing here but
chop inside a few dollar range that is going nowhere after a double reversal … if
it moves later, fine let it, I don’t care cuz there’s nothing here for today … as such,
no trades today for the PAMM … it wasn’t for lack of effort, simply a market that
literally refuses to move today and hibernates inside a few dollar range … oh well,
onto tomorrow … and as I post, gold pops a couple bucks, but it’s too late for
my blood.
Crypto another story entirely … just your basic double reversal $5,000 range in
BTC, frickin’ “ho hum”, look at this shit move Ma! … “The Syndicate” UP
APPROXIMATELY 0.8% on multiple trades in BTC.
And for the record, $3,000 of that move UP came in 4 minutes, straight up the
ladder! … and I had already made money for the day and was looking for another
break … well, we didn’t get it, as somebody ran the buy stops above 53,900 and
that was that … since then not much as players have moved to the sidelines as
the U.S. progresses towards the end of the day.
… outta here early today … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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