I get to my screens this morning, and already I feel like I’m being offered
plutonium with my next trade … no extra charge, it will detonate and go critical
mass on its own, and you don’t have to do anything … of course, you’ll be
vaporized immediately and won’t feel a thing, so that’s the good news! … the day
hasn’t even started yet, and gold already has a $20 range, USDJPY is all over the
place, and if you’re a bond trader, good luck cuz there’s incoming as I write
… seek shelter immediately … I mean, WTF? … question is, “is this all by accident
or coincidence, or is this shit planned?" … never underestimate the evil of the
global Elite … never! … their Hellbent desire to destroy the U.S. as you know it,
and their desire for one world government, one world currency, and total
surveillance of everything you do … I simply can’t go along with the propaganda
that all of this turmoil is simply happenstance.
Quite frankly, it’s all a diversion away from 1) Russia / Ukraine, where Russia is
winning, despite “Fearless Leader” and his sidekick in his best workout
sweatshirt wanting unlimited amounts of money … 2) the Biden Crime Family is
toast, and he knows it … with banking records in hand, it’s only a matter of time
before Creepy Uncle Joe is forced out … only question is how … to the nursing
home cuz of health, or room temperature cuz he had dinner with the Clintons?
… my guess is the later, cuz like Epstein, when you’re room temperature you
can’t talk anymore … but it’s just a guess.
Before New York opens for biz, the rumor mill out of Europe is flowing hot & heavy
with the next disaster coming in the form of Credit Suisse … all I see is price
going bat shit crazy [BSC], and it isn’t ‘til later the “news” drifts out … sure,
wanna buy the break? … and here’s your side order of “whoop ass” as it breaks
more, more-er, and mor-er-er-er … the plutonium “trader special” coming right
up! … and while we all used to be “Spoos” traders before last week, now that the
universe has changed and the “Death Star” finished, we’re all government bond
traders now … take your pick, the 2, 5, or 10 YR. Treasury paper and the flavor
du jour! … see how “easy” this is? … my sources at the 7-11 trading post down
the street, and located right next to the video poker machines and cooler for soda,
keep me expertly informed … what could possibly go wrong?
Now that order books have been blown to shit before the sun rises, can we
expect more fireworks, or does everybody just go home or to the beach?
… dunno, we’ll see … and another day of FUBAR trading commences! … it’s
getting to the point where you have to be a meth addict and stay awake 24/5, and
have your loved ones shove 2 dimensional food groups [pop tarts, dove bars, etc.]
under the door, that you keep closed and locked so they don’t see you going BSC
… life? … WTF is that? … might as well be plugged into a Google brain machine,
and just kept on life support … so Mr. Market, what now, as “shoes” are dropping
all over the place? … 2 hours ago, the 2 YR. Treasury yield was 4.4% … it just
went briefly under 4%, before bouncing like a dead cat thrown off the 10th floor
to 4.1% … Ho Lee Chit serving up ChiCom “whoop ass” like it’s a Chinese side dish
for carry out! … somebody tell me again about liquidity in the world’s deepest
markets, cuz I’m listening … and, wouldn’t it be nice [Beach Boys, 1960’s] if a
bullion bank or two or three could now go under as well … I mean, I can dream
can’t I?
An article just posted on ZH kinda sums things up … the pic cracks me up … and
below the pic the link to the article.
This is a great article, well worth you reading it. with some hard to find excellent
chart porn … for my money, the following pic wins the prize.
Largest ever … can’t say that often, and it simply highlights what I’ve been saying
… we now live in a different universe of trading, and every trade comes with a
small ball of plutonium … buckle up Skippy! … “it’s like that day when Columbus
discovered the “new world” … nothing has been the same since”.
And as I have repeatedly stated in the past on the blog, now that everything has
been blown apart at the seams before New York can even get its manipulated ass
open, what pray tell is in the cards for the U.S. session? … EASY PEEZEE: “not a
“Hoover Dam” thing, except wicked chop … such typical bullshit” … in gold,
panic is everywhere … FOMO like it’s party time 1999 on New Years Eve, and then
just as quick, “oh no, we bought the top!, time to sell, and down goes Frazier”
… then rinse and repeat 100+ times … meanwhile USDJPY, which can move a
bazillion PIPS during the Asian & European sessions, can’t F-ing move 15 PIPS
over hours to save its sorry ass life … more frickin’ chop … seriously, do I have to
move to frickin’ Thailand, or what, to get decent trading action? … or, just get a
meth dealer and stay awake for 24/5 … some choice, huh?
Sure, you can always stick your head into the guillotine and get long after a $45
range in gold … but when your head ends up in the basket cuz it didn’t go even
more extended to maybe $50 or $55, what then? … are we now into new rules
trading where we can consistently expect $45- $50+ ranges? … if so, bring it on
cuz I’m all for it! … but I don’t think we’re there yet … YET … a clean break of
$2100 on the upside should do the trick, but that lies ahead of the market … for
USDJPY, seeing 300 PIP ranges is nothing short of a nightmare … again, I don’t
think USDJPY can withstand this kind of range on a consistent basis.
But we are in “new rules” trading, and that means ditching old rules that have
become outdated and less useful … one of them is the 20 Day Range MA rule
… although I will of course still keep track of this data, systemic breakdowns and
market paradigms are changing faster than ever … for example, in the “Stock
Bellies”, it’s the 0DTE Options crowd that run things, and gamma squeezes a daily,
if not hourly, occurrence … old rules there have been changed and are no longer
useful … and as the world breaks down from financial bubbles in everything, and
banks are in trouble for a good long while, AND we still got the same old Dipshits
in “The Swamp” in charge, it’s only gonna get worse from here.
Gold will continue to trade like it has, cuz until the criminals that run it [LBMA
banks like JPM, BofA, Citigroup, etc.] go bankrupt … or at least one of ‘em … until
then, breaks will be nasty & vicious in scope, and spec order flow will get faded to
insure banks make money … [see pic above for “sell low, buy high” details]
… galloping rallies, lead to “Thelma & Louise” breaks, sometimes quicker than
you might think possible … other times like a slow death, but they still occur
… and once they trap specs on either side, fugetaboutit! … today, a few comments
from an ECB PIE HOLE, and treasury yields suddenly pop higher, “Stock Bellies”
catch a bid along with USDJPY, and gold tumbles almost $15 in a few minutes
… why couldn’t they do this earlier? … cuz the break would have been bought
… now into the New York afternoon, and after a very large runup, who’s buying
now? … it’s always about psychology of the trade … time of day matters … and
as you can see if you look, the v2.1 algorithm matters it’s so “Hoover Dam” good.
I did not see this whole Credit Suisse clusterfark coming … there are always
other shoes to drop, but not in Switzerland of all places, thus ensuring
contagion throughout Europe … I’m happy to see gold go bat shit crazy ]BSC],
though, cuz of its implications going forward … a week ago it was dead money
cuz of the FED … scratch that, gold is never dead money … but as a trading
vehicle, if it can behave and keep the spread decent [today amazingly OK], it looks
to be very good indeed … no trades for the PAMM today in this clusterfark of
decaying banks, unreal bond yield swings … let’s hope tomorrow sees the same
kind of action cuz I’ll be ready for it … I’ll admit, today I wasn’t … no worries,
tomorrow is another day ... btw, what do I do with the ball of plutonium?
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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