“If you had any brains, you wouldn’t buy anything these 2 are selling!!”
It’s the “American way” since 2008 … for the financial elite of the “U.S. of China”,
take “bigly & yuge” risks with other people’s money [OPM], and if you “win” you
keep the gains for yourself and get richer … if you lose, no big deal, you just have
the FEDS bail you out, socialize the losses by sticking it to the American taxpayer,
print the money with the CNTRL-P machine that goes “Brrrrr” 24/7/365, and then
move onto the next scam … “just ask Barney Fwank, who when he was in the
Clown College representing the Woke Libtards in Massachusetts, was largely
responsible for the idiocy that’s become known as the “2008 financial crisis”
… Signature Bank, which was closed down Sunday by regulators, had Barney as
a Director of the bank … does “meritocracy” matter any longer? … or is it just all
woke horseshit of DEI [diversity, equity, inclusion]? … we certainly know the
answer to this one, don’t we?
I find it interesting that 2 banks fail, thus eating all of the oxygen in the MSM, at
the same time Clown College GOP Honchos announce they have the banking
records proving Biden & his family are crooks of the highest order, becoming
rich from ChiCom money … “LOOK, OVER THERE!, A SQUIRREL!!” … and if that
doesn’t work, is WWIII next?
What’s the bigger picture in all of this? … 1) “never let a crisis go to waste”, thus
you’re too stupid to notice your continued loss of freedoms from this crowd of
evildoers … 2) destroy banks so the FED can institute a digital currency the
government controls, thus ensuring you’ll do exactly what you’re told or else
… and 3) keep ancient, idiotic relics like Grandma Yoda Yellen & Creepy Uncle
Joe around for propaganda purposes, while the dirty work of destroying the
entire country continues full speed ahead by less notable Apparatchiks.
What can possibly go wrong?
If you voted for this human bag of shit, take a bow cuz YOU enabled it! … I told
all of you when this senile Dope was elected, that he and his “Manchurian
Candidate” VP would destroy the country at warp speed, and that disastrous
shit was about to unfold … still think everything is “A-OK?” … isn’t
Libtard Wokeness” wonderful?
In the casino today are inflation numbers … CPI coming up … just a reminder, if
anybody is noticing, that inflation is still raging, even with “official” numbers
from math whiz kids too fucking stupid to get jobs in the private sector … “you
know, if you’d just stop eating, driving a car, living in a house, and seeking
medical care, there wouldn’t be inflation! … DUH!, how simple is that?”
Well, that escalated quickly didn’t it? … the bond market trading like penny
stocks out of Vancouver … unprecedented volatility, with nobody feeling
comfortable holding U.S. paper … looking at USDJPY, somebody got skewered
on the release.
The events of the last week, although not shocking since the Lounge Lizards
have embarked on the greatest tightening cycle in history, always comes with
“unintended consequences” … did the FED really think banks could withstand
the market losses in their government bond holdings and maintain capital
requirements? … if so, they should be fired immediately for being economically
illiterate … but in this age of “diversity”, knowledge or experience in credit
markets means nothing compared to “wokeness” and how many gay pride
parades are we planning … SVB didn’t even have a risk manager, but they had
plenty of Woke Dopes drawing huge salaries … in any event, the world ain’t the
same place it was before last week … things have changed … maybe they hike
next week 25 bps, but if they do it’ll be the last one … Nomura is actually calling
for them to CUT 25 bps … in actuality though, it doesn’t matter, cuz the die is
cast … and that die has turned up demand and interest in gold … gold is back
in the ballgame folks, now that rate hikes are history [or soon to be] … gold was
dead money … today it’s simply money with no counterparty risk whatsoever
… time to put gold back into the trading mix for the PAMM … price is moving,
spreads have been relatively stable, and the 20 Day Range MA is starting to rise
in value … up/down, who cares, it’s moving! … in 3 days, it’s taken out 2 months
of price action to the downside as rates were going higher … those days are
over … 1) what bank goes tapioca next? … 2) “Stock Bellies” are stuck between
a rock & a hard place … 3) Biden is an idiot of the first order and will FUBAR
anything financially related to banks and/or “Stonks” … 3) the debt ceiling
debacle is dead ahead, which could lead to a U.S. default … and 4) the goods
have been delivered by the Treasury Dept. to the House GOP for 15 years of
banking records relating to Biden and his fam & cronies surrounding him … he
is “toast”, and he knows it … look for Russia/Ukraine escalation, or something
else that will roil markets and take attention away from him … that may mean a
collapse of the dollar, which would see gold skyrocket … “and you wonder
why central banks all over the world are buying gold, and have been for quite
a while? … they know what’s coming!”
Everything is becoming a runaway freight train down the tracks … “Stock Bellies”
so FUBAR, I don’t even want to look at them … what an absolute trading
nightmare, filled with slippage gaps that would make Vito Corleone blush with
envy … who needs pimps, prostitutes, sports gambling, and drugs when you
could fill orders off the market and make money without any risk? … I thought
yesterday I had my “sea legs” in USDJPY … nope, today not a clue … it’s hard to
tell which tail is wagging which dog … and it’s impossible to keep up with the
correlations that come and go like squirrel farts in the wind … and panic is
everywhere.
Couldn’t get a downtick in “Stock Bellies” the first hours of trading … then came
the “couldn’t get an uptick to save your life” in the early afternoon, when “el
quicko mucho” bank “Stonks” suddenly got gob smacked lower … Welp!, here
we go again … when does this shitstorm stop? … or does it? … and it all affects
USDJPY cuz of “risk on / risk off” [RORO] … and you get 70 seconds of intense
selling … then it stops … then here comes the panic higher, and you’re left sitting
there wondering, “WTF was that?” … and that pretty much was the whole day
… not as bad in gold, but excuse me, you’d think FX pairs could put in better
ranges than this shit today given the news flow … at times the “Trading Ratio”
[TR] was OK, and at other times I wanted to call the morgue and report a death
… and then it would pop to life cuz of some bullshit somewhere … and as soon
as that brief buying / selling was over, it’s panic in the other direction … quite
frankly, it’s not that the v2.1 trading algorithm signals are not there or invalid, it’s
how I interpret them when they show up … like I said, “sea legs” … instead I’m
puking over the side of the boat!
There is still decent correlation between gold [XAUUSD] and USDJPY … directly
below, USDJPY ON TOP, GOLD [XAUUSD] ON THE BOTTOM … this is the m5 with
line graph and the Heiken Ashi Smoothed [HAS] indicator, we use in the trading
algorithm for trend determination … be long when it’s lime, be short when it’s
red, off signals on the m1 … when gold is lime, USDJPY is usually red, and
when gold is red USDJPY is lime … they may not be exact, but somebody is
watching cuz they line up pretty quickly … and quite frankly, I’d much rather be
long USDJPY [when it’s lime, meaning YEN is going lower] than short gold [when
it’s red going lower] … and vice versa … especially with the not insignificant
probability of other “bad shit” seeing gold skyrocket … so instead of being short
gold, I’ll probably be LONG USDJPY instead, when appropriate by the m1 signals.
click on chart to enlarge
I had planned on trading USDJPY a lot today … instead, I banged my head against
the wall, coming to the trade late, and literally 2 seconds later it’s 4 - 5 PIPS higher
when the m5 was LIME [buy mode] … well, I don’t want the trade now … just need
better execution on the turns on the m1 without thinking … no trades today for
the PAMM in this brutal bucket of stew … tomorrow sees me get off the snide
… also adding gold back into the mix, where I want to be long gold where & when
appropriate via the trading algorithm [i.e., the m5 HAS indicator is lime], and I want
to be long USDJPY where & when appropriate via the algorithm [i.e., USDJPY HAS
m5 is lime] .. since USDJPY is inverted and the correlation is strong between the 2,
when rates are going up I want to be short YEN [long USDJPY] and not in gold,
and when rates are falling I want to be long gold and leave USDJPY alone … and
it takes place when they are lime … there might be some overlap at the edges, but
generally speaking the strong correlation will keep them opposite colors, one red
and the other lime … gold rallies best when rates are falling, and USDJPY rallies
best when rates are rising … this doesn’t mean I’ll always be long one of the 2, it
just means I might trade the combination to each markets STRENGTH, AND NOT
TAKE POSITIONS where the trade scenario isn’t that pair’s greatest asset … I
think this makes good trading sense … in any event, onto tomorrow!
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
