Yesterday’s FED hatchet job takes the cake! … clearly an election year ploy by
the Libtard FED Lounge Lizards to give the criminal, treasonous, Taliban loving,
sleepy ass Joe some help in 11 months … they have lost ALL of any credibility
they had, cuz this is purely 100% political … why just a little over 2 weeks ago,
they all were singing “higher for longer”, or aren’t we supposed to remember?
… inflation numbers, if you believe them, cuz I surely don’t, showed
government fairy tale inflation to be “only”4% [of course, ex food and energy,
cuz nobody needs those, right?]… yup, we got inflation “whipped”, the new,
new, new normal is gonna be 4% apparently! … ALL OF ‘EM!
… what a bunch of LYING ASSHOLES!
AND IF YOU ARE A “NORMAL” AMERICAN WHO SEES THEIR CREDIT CARD
BALANCE GET CHARGED 30%, and tried to buy a house but couldn't, what
must you be feeling knowing that lower rates should have been forthcoming
6 months ago, but weren’t, but now that we’re 11 months to 2024 elections,
suddenly these ASSHOLES discover religion? … maybe think about this next
time you walk into a voting booth, cuz you are being “played”! … and this is
exactly why I trade like I do, and why position players get destroyed … it’s cuz
of shit like yesterday!
Clearly gold is back in play now … the market wind has violently shifted after
yesterday’s FED Lounge Lizard “circus act”, and I wouldn’t be surprised to
eventually learn that they’ve covered most, if not all, of their short positions in
gold prior to the announcement yesterday … 1830 to 2140 = $310 … half of
that =$155 … add 155 to the bottom at 1830 = $1985, and the market break
ended in the 1970’s area … then comes the “flip flop” and gold goes up $50+
“el quicko mucho” … nice feat of “financial engineering” by the most corrupt
hacks ever seen at the central bank … it remains to be seen if I’m right or not,
but one telltale sign I am right is that rallies going forward aren’t gonna be
aggressively sold by the “Rally Protection Team” [RPT] cuz the FED isn’t
short any more … we’ll see.
Meanwhile, the “Clown College” spends money worse than a drunken sailor
… TRILLIONS UPON TRILLIONS that have to be borrowed and NEVER WILL BE
REPAID!, except in cheaper currency with less purchasing power … anybody
that buys longer duration Treasury fiat is an idiot, and deserves what they
eventually get … how long this Ponzi scheme works is an open question, but
once the Saudi’s dump the dollar for oil, the end is close at hand.
Turning to today’s circus shitshow, given what the Lounge Lizards did, outside
of some long liquidations once the market gets lopsided LONG, all breaks for
the foreseeable future can be bought on algorithm signals, especially FX
… gold maybe … “arb scalps” were non existent today in just about everything
… for sure not as prevalent as the discounts seen on rallies … I’ll explain that in
tomorrow’s blog.
For the PAMM some trades in EURUSD, AND WE ENDED DOWN A MICKY D’S
happy meal … and of course slippage an issue in that, not surprising
considering we’re talkin’ about Coinexx, but it is what it is … and while I don’t
have major issues with EURUSD, I prefer GBPUSD cuz it’s faster, & has larger
ranges, both daily and NY session … tomorrow sees the PAMM go back to
GBPUSD [Cable] … and it “trades” better than gold.
Over at IQCENT, where did all of the “Basis Premium” go? … Is it vacation time?
… cuz of the impending Holiday season? … all I saw were “bigly & yuge”
discounts in the “basis” on any rally in crypto [MATICUSDT], and very tiny
Premium on breaks maybe, but nothing really considering how shit moves in
crypto … “The Syndicate” basically UNCH’D on the day in very disappointing
crypto action … 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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