Working class people are only good to Elites & Libtards when they behave like
“useful idiots”, the latest iteration in Loonie land involving truckers … cuz as
we all know, if you don’t “think right” and toe the line, you might as well be in
prison or an internment camp … when will the world wake the hell up and
smell the coffee?
Turning to “markets” [cough, bullshit, cough] today … hurry up and wait as all
eyes are fixated upon Thursday mornings CPI inflation print …the European
session seeing EURUSD with a 25 PIP-ish range … whaddaya do with that hot
garbage? … only marginally better in Cable [GBPUSD], and the 10 YR. Treasury
yield sitting a hair below 2% most of the morning so far … by all indications
from where I’m sittin’, the FED protecting the 10 YR. from going over 2% come
hell or high water, simply cuz they know what that will mean for the SP500, the
only metric they give a shit about … and so, it looks very much here at the
“London Fix”, with Europe now closing, that the world gets to wait for a totally
made up inflation number from the math whiz kids over at the Department of
Unicorns & Fairy Tales … like the jobs numbers, totally bogus, with its main
function to show inflation under reported … go to the grocery store lately?
The biggest surprise this year, so far at least for me, is gold … just yesterday,
BofA predicted 7 rate hikes from the FED before year end … 7! … normally, that
kind of rate hawkishness from the Wall Street scumbag banks would see gold
under pressure each and every day from rising rates … on 12/31, GOLD CLOSED
THE YEAR AT 1829 … today it sits at [last quote as I write] at 1826 … the
scumbag bullion banks can’t break it, and the reasons, IMHO, are twofold
… 1) government CNTRL-P machines are out of control printing money, not only
in the U.S. via the FED, but the BOJ, ECB to name just 2 more, and 2) inflation is
out of control and people know it … somebody tell me how a 2% Treasury rate
on 10 Yr. paper is gonna stop 10%+ inflation? … EVERY 1% RISE IN YIELDS
MEANS THE U.S. GOVERNMENT GETS TO SPEND ANOTHER $300 BILLION
DOLLARS IN INTEREST PAYMENTS! … and that’s if they stopped printing money
NOW! … they ain’t! … and we are getting perilously close to “liftoff” in gold,
where the scumbag bullion banks, along with the BIS, lose complete control
over the market, and for all practical purposes gold becomes a “free” market
once again … pipe dream, maybe … but the math says it’s gonna happen within
the next 5 years … I’ll put my money on the math, not POLS or Apparatchiks.
The key for gold at Turnkey is the spread + any slippage … when SHTF, Turnkey
can become untradeable simply cuz the scumbag bullion banks will blow the
spread out and increase slippage … a better house to trade gold is “Simple FX”
… about a 20 cent spread ALL THE TIME with no commissions … under normal
conditions, both Turnkey & Simple FX are similar … so, I’m gonna throw
XAUUSD back into the PAMM mix at Turnkey, and if conditions get ugly and
untradeable, I simply won’t trade it … this will give us USDJPY, EURUSD, GBPUSD,
and XAUUSD to trade … even though it’s anecdotal, and not statistically back
tested many thousands of periods, it appears to me that the trading algorithm
actually performs better in gold than the FX majors … not by a huge amount, I’m
simply telling you my experience … even with sub par ranges well below the
20 Day Range MA, gold moves enough and has enough VIX for the algorithm to
operate efficiently, so why not go with it? … and if I can’t then I can’t, simple as
that … so while it can benefit us in the short term, my longer term view is this is
a market on the verge of exploding higher, and giving us VIX we can only dream
of now … beware of markets that “should” be going down, BUT DON’T … and
what happens when the 7 rate increase hype bullshit suddenly becomes 1 or 2
before “Stock Bellies” crash, and/or the FED caves and starts QE again? … OMG,
here comes the melt up!, cuz inflation ain’t going away anytime soon! … so
where’s the downside for gold with the ChiComs, Ruskies, and a whole host of
other central banks buying it, and it ain’t going down with talk of “bigly & yuge”
interest rate increases? … then look at the upside and it’s a different story
… and we are close, very close to an upward explosion that will come quickly &
viciously.
One algorithm buy signal in EURUSD, that came early before the market died
… TURNKEY PAMM UP FRACTIONALLY.
Sad to say, EURUSD got locked into a small “Flying Wedge of Death” [FWD] and
never broke out of its pitiful range … oh well, onto tomorrow … meanwhile,
“The Syndicate” UP FRACTIONALLY with trades in SOL [Solana].
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
No comments:
Post a Comment