The magic elixir! … of course I’m referring to the CNTRL-P money printing
machine that “fixes” everything FUBAR that results from Apparatchiks not
knowing their asses from their elbows … the FEDS Lounge Lizards being a
perfect example … who cares if it stokes inflation and debases the currency?
… and you wonder why the U.S. Dollar continues to lose purchasing power every
week / month / year?
And so, the Ponzi scheme of endless government money printing continues
unabated, no bank failure to big for them to swallow and print more … until
hundreds go under, which is coming … then what? … watch and remember you
heard it here first, when the global Elitists nationalize U.S. banking and there’s
only 3 - 5 banks left standing, all “puppets” of the FED, reporting to “Big
Brother”, doing everything to get you to give up cash in any form, disavow
crypto like Bitcoin, and institute “social credit scores” … the friendlier you are
towards Libtard socialism and big government, the more the bank can do for
you … it’s coming, do you care?
Gold starts the New York session with an already $31 range to the downside
… this day looks over before it begins, but we’ll see … who needs gold when
everything is “solved” … bank crisis? … what bank crisis? … notice how every
day now is unique in that it’s either 1) “everything is fine now” for markets so
“risk on”, or 2) CRISIS! … “risk off”!, the world is coming to an end … bull
market one day, bear market the next, and if they can’t gin up some bullshit it’s
dead … and it leads to “buy high, sell low” with the entire trading world chasing
shit up/down before FOMO sets in followed by panic … all by design.
And speaking of up/down bullshit, here just before the London fix, how about a
nice tiny [for gold] $10 range or so inside a “Flying Wedge of Death” [FWD]
yo-yo from Hell? … chase it up, chase it down, watch it turn in horror … FOMO
up, panic down … looking at the m1’s, there are more “v” patterns [regular &
inverted] than grains of sand on a frickin’ beach … panic loves company!, too bad
it’s not really going anywhere … FX simply dead meat with little going on outside
of USDJPY, which is tracking inverse to gold … no surprise here … “Stock
Bellies” all giddy cuz the world didn’t end, and maybe QE Infinity is right around
the corner [again for the millionth time], and the bubbles can commence once
again … who doesn’t like a bubble?
Just another case of “Monday bullshit”, and now that we’re into the New York
afternoon, everything can drift and chop … again, like most days, “Asia flies, the
rest of the world dies” … cue the broken record … “what?, I got to move to
frickin’ Thailand to see some decent trading action, in ANYTHING?” … apparently
so, cuz we ain’t seein’ it in the New York session today, not even close … YEN
garbage, gold garbage, but crypto moved OK … spreads, though, at COINEXX in
crypto stink … about equal to and maybe a touch higher than PHEMEX, which
ain’t good any longer IMHO … FX a joke, with EURUSD leading the horses in the
glue factory with a whopping 50 PIP range.
Over at “IQCENT”, spreads excellent in USDJPY, BTCUSD, & ETHUSD … YEN
about the same as Coinexx, but the real winner is in BTC & ETH, where spreads
all day long have been under 10 cents, and there’s no commission … gold about
5 - 7 cents higher than Coinexx, and Brent Crude Oil about 1 penny per barrel
higher … and while gold enjoys a 300 : 1 leverage for margin purposes, USDJPY
is 500 : 1 and crypto pairs are at 10 : 1 … for USDJPY, it means being able to trade
a standard 1 lot [100,000 notional] with margin of about $340 … of course, nobody
should trade at this high level, but it does offer a lot of flexibility … Miss Gimpy,
for her efforts, is concentrating on both ETH & BTC, and if it’s moving USDJPY
… today didn’t see much action in USDJPY once Europe opened and a couple of
hours elapsed … try 30 PIPS or so over 8+ hours, which stinks … as I said, the
clear winner is crypto, cuz with a range of about $1,700 in BTC, and a range of
about $101 in ETH, AND A bid / offer spread in the PENNIES WITH NO
COMMISSION, i mean what's not to like here? … LOWEST COST I’VE EVER SEEN
FOR CRYPTO along with excellent ranges … quite frankly, I don’t give a shit if I’m
trading soiled underwear CFD’s, it’s only ever numbers on a screen and how they
move … if conditions are “right”, I’m there, count me in! … the only caveat is the
low leverage levels relative to the rest of the trading markets … 10:1 is on the
“skimpy” side, but it’s something you have to deal with, cuz even at places that
give you 100 : 1 in crypto for leverage, they utilize very close automatic stop out
levels which are too close IMHO to where your position is at … it doesn’t take
much to get stopped out of BTC using 100:1 leverage, maybe $100 - $125 … and
BTC can do that with its eyes closed!
9+ hours of absolute bullshit in gold today … about $13 from the tips, and that’s
almost 50% under its New York 20 Day Range MA … truly pathetic … and that’s
from the tips … most of the days trade comes in at about ± $3 from the middle
median price, on pretty much spikes from Hell with ZERO follow through … a day
where bullion banks pop champagne corks and specs cry in beer … “Trading
Ratios” [TR] stinking the joint up as well, with gold hugging 2, and USDJPY right
around 1.7 … when we want to see 3 - 4+, what the Hell does anybody do with
these values? … EASY PEEZEE: “sit!” … don’t want to, but I’m not into giving
money to scumbag LP’s … no trades today in the PAMM, simply cuz there’s
nothing to do … in gold, day was over before it began, and in USDJPY, it just
never moved much with a sickening TR … oh well, onto tomorrow.
… 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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