Idiots in government, but I repeat myself, desperate for cash to meet the demands
of a socialist agenda, are now contemplating taxing UNREALIZED GAINS on
assets so they can gobble up more of what you have to give to those who will
vote for them … brilliant! … like this will ever work, bwahahahaha! … just another
reason for crypto IMHO … “how you gonna tax me when you don’t even know
what I have, where it is, where it’s sitting, what crypto it’s in, when the entire
universe is made up of anonymous e-wallet addresses tied to NOBODY? … oh
really, I owe taxes? … on what? ... prove it! … oh you can’t, then GFY and bother
somebody else”! … and as I have said for years, any dollar left in the “U.S. of
China” will someday be either taxed to death or outright confiscated for of course
“the children” … well, now that “Taliban Joe” & crew are running the ship into
the shitstorm, nothing you have is safe from government … NADA! … which is
why only fools and idiots have financial assets of any kind in the U.S. … and
while there are plenty of people who will ignore my warning, they’ll eventually
find out the hard way when it’s all taken away by government, and they’ll
have the audacity to tell anybody who will listen, “why didn’t somebody warn us”?
This so called “wealth tax” is an idiotic idea of Socialist Utopians, attempting to
access the untold TRILLIONS locked up in retirement accounts, real estate, and
“Stonks”, and now crypto especially Bitcoin … cuz if you “got it”, they demand it
to feed the insatiable numbers of the “Free Shit Army”, and of course the money
runs & flows through them, and that means plenty of opportunity for graft, theft,
corruption, etc. … “and yet, collectively, the dumb ass Sheeple of the U.S. keep
voting for these Assclown POLS, thus insuring everything gets progressively
worse over time, until we arrive at the endgame where there’s simply no more
money to steal”! … well guess what? … the country is there! … of course, the
entire premise of this is complete bullshit, and all it would do if enacted would be
to make every citizen an unindicted felon … and that means political
prosecutions of every stripe and color, cuz as anybody with any brains knows,
“the punishment is the PROCESS”! … “but hey, 81 million votes!, so I guess this
is what y’all wanted! … Congrats, the time has come to give ‘em all of your
wealth, so don’t B.I. Itch & moan now, you’re getting what you wanted, which is
no mean Tweets and all of your hard earned wealth is gone!
GOLD
What can you really say about a market that won’t move in terms of CONSISTENT
VOLATILITY? … where a vast number of former traders used to trade it but don’t
anymore … they got tired of getting the “Comex Con Game” shoved up their
collective asses and have left for good never to return … and so today, here we
sit yet again … a trade dominated by scumbag bullion dealers & large hedge
funds, with very few specs involved any longer … and that means less FOMO &
less panic selling up & until it happens in earnest when SHTF and all hell breaks
loose … and who decides that? … EASY PEEZEE: “the scumbag banks decide
that based on order flow and their positioning relative to it, all with the blessing
of the FED and the “Rally Protection Team” [RPT] so that the “Con” can continue
and the “skim” paid out to POLS, Apparatchiks, & regulators” … until that fateful
day when other central banks trump the FED and gold skyrockets like never
before, and VIX goes to unheard of levels, hopefully bankrupting multiple bullion
banks and setting the stage for a free market in gold, just like Bitcoin … it will
happen, the only question is when … IMHO, it happens when world commodities
like crude oil are priced in BTC, on “open order book” [OOB] platforms and
volumes start to exceed the corrupt CME’s products … that precipitates the loss
of dollar hegemony and the dollar gets obliterated as a fiat piece of shit that it is,
and immediately gold and silver respond to the upside in violent price moves
never before seen … what we see now in gold is simply pathetic & embarrassing
for a supposed “tradeable market”.
And BOOM!, down goes Frazier! … gold gets “monkey hammered” for the very
simple reason there ain’t anybody left to buy it after 5 days in a row up … the
banks see this in the order flow, and within seconds it’s down almost $10, and
just keeps going … the bottom is uneventful, but there’s the change as if
somebody sent out an email to those in “the club” and said, “OK, that’s enough
for now … let’s sandbag ‘em and take it slightly higher the rest of the day and
squeeze some shorts … sound good”? … and once again, a decent enough
range for the day, but the trading action is literally horrible.
DAX40
“Stock Bellies” have lost all touch with reality … back to the new ATH again cuz
nobody believes the lying pieces of shit at central banks, about their so called
“tapering” or interest rate increase … cuz if they did, it would only immediately
lead to more economic contraction requiring MOAR! QE to infinity PLUS, so
who’s kidding who here and we call your bluff! … and so the unrelenting buying
continues, especially in the “Spoos” which influences to some extent the DAX40
… it’s like saying to somebody, “oh I hear you lost your job and are broke &
destitute … great, here’s a higher spending limit on your credit card” … this in a
nutshell is the FUBAR thinking the world is in today … you look at the economic
conditions in Germany & the E.U. overall, and it’s a complete FUBAR trainwreck,
and companies in the DAX40 are heavily dependent on cheap energy cuz a lot of
‘em are manufacturing, construction, and other industries reliant on cheap gas /
coal / or crude oil … and ain’t none of that cheap or getting cheaper going
forward … so yea, higher DAX40 index prices everyday, right? … what an F-ing
joke … it would be OK if it “traded”, but it doesn’t … instead it’s the slow crawl
higher with very little VIX and shit ranges, and that makes it not very good for
trading at the moment.
Today sees an upward explosion at the European open … OK fine, now trade will
ya? … nope can’t do that, and instead the rest of the entire day to the afternoon in
New York, well past the European close, the DAX dinosaurs are in a FUBAR 30
point-ish range “Flying Wedge of Death” [FWD] that sucks beyond belief … the
worse the news on every front, the higher “Stonks” go cuz it means MOAR! QE
in a FUBAR world, and free money for everybody! … in a sane world, you couldn’t
make this shit up and have ‘em NOT put you in a mental hospital! … but here we
are and it makes ZERO sense … but, all I’m asking for is TRADING, you know
F-ing UP / DOWN? … “yea, can’t have that cuz you might make money or
something”, and I’m sitting here looking at that razor in the corner … just
absolutely frustrating beyond anything a tradeable market is accustomed to, and
yet here it is! … WTF am I supposed to do with a 30 index point range for 9+ hours
besides SCREAM AT IT TO F-ING MOVE SOMEWHERE! … and now, with Europe
closed and oil creeping higher, the DAX dinosaurs move lower in one hour in New
York, than the entire index did over 8+ hours when Europe was open … and quite
frankly, I don’t care, JUST F-ING MOVE UP / DOWN to give us our scalps, but no it
won’t do that, instead mixing “lightning” M1’s with the “cricket” M1’s in large
quantities to give us a flaming bag of dog poo and repeating “Loser Formations”
… it doesn’t do anybody any good to hang onto a position for 30 minutes to risk
20 points to make 3 … going into the second straight week of this kind of shit in
the DAX.
Ideally, we should be getting better algorithm signals in the DAX40, versus other
markets cuz of its superior spread & low cost to trade, and relatively good range
every trading day … but here recently, with a dramatically falling value in the 20
Day Range MA [with today, now at 176.5 and going lower], we’re not getting those
trades and conditions suck … this too shall pass!
CRYPTO
Worst trading action day in BTC since Summer when it was half the price … now
into the New York afternoon, and unless the ponies start to run very soon, BTC is
gonna end up with a range today that is in the “Crypto Twilight Zone”, which is
many sigma misses on range, and on the wrong side of the ledger … as it sits
right now, about $2,000 UNDER it’s 20 Day Range MA … WTF?, is all I can say
… “did Bitcoin have drinks with the DAX40 over the weekend and they got to
know each other? … OMG!, let’s hope not”!
No trades in anything today … not much to do when literally NOTHING
cooperates … even BTC acting like a stablecoin today, WTF is that all about?
… oh well, onto tomorrow and hopefully trading conditions get much better.
Outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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