ANOTHER DAY OF THE CHICOMS VERSUS THE FED

 

“Ending America one day at a time, until they have ALL THE GOLD!!”

Well the world didn’t end, and that got some on the Sunday night open to bail on

gold longs … but then here comes the ChiComs, and Bingo!, Bango!, Boom!,

gold goes up at the China open about $50 in an hour and 45 minutes to hit

another new record all time high [ATH] at #2354 per OZ. … they want the phyz

… you think they care about a few dollars per OZ., or the games the FED

plays while they sleep? 

One thing is for sure in this new paradigm of gold trading, and that’s about 90%+

of the time whatever China does, you can expect the FED to do the opposite

when NY rolls around … rarely do all 3 world sessions [Asian, European, & U.S.]

go in the same direction … and what we’ve seen lately with few exceptions, is the

ChiComs “pump”, and the FED “dumps” … although it works in reverse as well

… days where Asia and/or Europe attempt to go lower have seen strong rallies in

NY … how much longer the FED can keep printing dollars via the CNTRL-P

machine and giving said funds to the “Rally Protection Team” [RPT] and/or

selling gold by borrowing gold from the GLD ETF remains to be seen … they’re

losing hundreds of BILLIONS OF DOLLARS!

Meanwhile crypto [BTC & ETH] goes bat shit crazy [BSC] on the Asian session

open as well, opening well past 20 Day Range MAs and/or Medians from Friday’s

closing levels … and that’s just on the open! … WTF! … and all of this with the

backdrop of higher U.S. Treasury yields, which should in theory put some kind of

cap on gains … NOPE! … not here, not now! … quite frankly, the world is figuring

out that U.S. econ stat numbers are complete BULLSHIT, and what matters is not

some whiz kid calculation, but the fact the Uniparty is borrowing $1 TRILLION

DOLLARS EVERY 100 DAYS WITH NO END IN SIGHT TO INCREASES FROM THAT

OBSCENE LEVEL … cuz if shit is sooooooooo good right now, what happens to

borrowing when a recession or depression hits? … $10 Trillion every 100 days?

… “it’s all a government house of cards, ready to be blown over at a moments

notice!” … throw away past gold charts, this BULL MOVE has the backing of

EVERY CENTRAL BANK IN THE WORLD BUT THE FED … “bigly & yuge” phyz

bids are underneath the market, and what they’re saying to the FED is simple

… “go ahead, hit my bid and make my day!”

What concerns me about gold presently is its rapid ascent to new ATHs, with nary

a corrective phase to speak of, thus making longs “comfortable” … and if there’s

one thing I know about gold after decades of trading it, is that when you feel

comfortable in a position, look the fuck out for incoming … they ain’t gonna give

you a second chance … not every dog gets to ride atop the fire truck! … sure,

there are plenty of reasons to feel good about gold’s prospects going forward,

not the least of which are the ChiComs backing it for 1) phyz for the Yuan

convertibility, and 2) the ChiComs are actively pushing it for Chinese citizens for

investment … that’s over a billion people, and I don’t see them walking away from

that … but the ChiComs aren’t stupid either … they’re better capitalists than the

virus scum on Wall Street, and so their buys are strategic … nothing they’d like

more than to buy a sell stop from a retail or institutional spec on a waterfall

… quite frankly, we’re just a tad overextended on the upside, but that doesn’t

mean it can’t get more overextended-er-er in a FOMO up move … I’d feel better

about gold if it can test 2300 this week at some point in New York trading … very

large phyz bids probably around the 2285 - 2290 level, and that should hold

… how long can gold go higher with 10 YR. Treasuries close to breaking 4.5% on

the upside? … we’ll find out with Wednesday CPI and Thursday PPI numbers

from the whiz kids, but with global tensions heightening and oil headed north

to $100 / bbl., do these numbers this week really matter? … quite frankly, only if

they’re “HOT”.

Into afternoon trading, and both ETH & “Spoos” a total joke … there just isn’t

anything there there, but chop and heartache … “do I have to move to Thailand

to get consistently good trading conditions during the Asian and some of the

European sessions? … apparently, I do!" … talk about a culture shock, that

would be it! … world peace breaks out & rates go higher still, and it’s having no

effect on gold, now higher on the day again … I’ll buy breaks, but I’ve never

gone FOMO cuz it’s a losing proposition, and I ain’t gonna start now … 2 really

good trade opportunities today in gold, and unfortunately I missed the first one

taking the dog out to do his biz … gone about 7 minutes, and in that time the

m15 goes to level 4, then rallies sharply … next time you can pee on the tile

floor … one trade for the PAMM, and it was the second time down … got long

and for my money it took too long to rally … PAMM UP SLIGHTLY … and after

diddle fucking around some it took off again headed north … really inexplicable!

… onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

 

THE GOLD BULL VERY FEW BELIEVE IN

 

“There is nothing new under the sun!!”

I want fo focus today on the micro trading side of gold … not what drives it, but

how it trades … and since we’re at the start of a very big bull market run in gold,

IMHO, I’ll stick to the long side and leave the short side alone … the biggest

difference from yesteryears, is the disappearance of mining companies hedging

production [from the sell side], being replaced by the FED manipulators on the

“Rally Protection Team” [RPT], and the rise to prominence of central banks,

especially the Ruskies & ChiComs, and their stated purpose to back their fiat

with gold.

A few of the things we see in bull markets, we rarely see in neutral or bear

markets … 1) sharp “V” bottoms that don’t come back to test the low but simply

take off to the upside … 2) more RM=2 & RM=3 hits [sometimes RM=4], both on

the upside and the downside, for both m15 and m1 … wider ranges, both daily

and NY, with some “Scumbaggery & Fuckery” moves in off hours … and 3) some

horrendous potential slippage if you get on the wrong side of a move and either

have to buy a green spike up or sell a red spike down … make sure you

understand what your risk parameters are when you dip your toes into this

water … you may find a leg missing if you get sloppy!

I would also add, be very careful of directional movement after about 2 PM EST

… breaks in bull markets with signals negative, and not much time on the clock

to the close can be particularly dangerous for longs … ditto the reverse for

shorts … and what we’ve seen lately are some ferocious late day rallies that

trap shorts.

This is one of those days better left out of the bulls script … nothing in Asia or

Europe in terms of price action, and then from the opening bell of the criminal,

money laundering NYSE open, gold takes off … biggest correction comes only

a half hour after the open after a FOMO panic buy spree that hits RM=3 on the

m15 … that was it, cuz from there to mid afternoon, it’s been straight up with

only cursory $2 - $3 moves lower and very sloppy action … with a spread in the

35 cent range, and slippage ALWAYS TO DEAL WITH, sloppy chop action is

something you want to avoid … these LP assholes will paper cut you to death.

Like I hinted at yesterday, it’s getting to the point where any correction off a top,

that sees price go lower for at least 3 or 4 minutes, and then on the m1 it turns in

price and the slope turns white on the ZLMA, period 15, it’s got a high probability

of success for a scalp trade at a minimum … in this scenario, what you have to be

careful of is the 1 or 2 m1 move higher before it gets “monkey hammered” again

lower leading to loss … on bigger breaks, this will happen quite frequently, and

usually those bigger breaks end either at RM=3 or RM=4 on the m15, and RM=2 or

maybe RM=3 on the m1.

I didn’t see today shaping up like it played out … here we are up at $2300, up 7

days in a row about $125 higher … what I don’t want to see is a sharp rally in the

Asian or early European sessions, cuz that most often spells FED selling in NY

… rarely do all 3 world sessions go in tandem! … a disappointing day, but who

cares? … from my perspective it matters little from a trading perspective where

gold is at … $200, $2,000, or $20,000 I could care less … it’s about the

psychological setups and how they play out, and quite frankly ALWAYS has

been since the dawn of time … no trades today … onto tomorrow!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

END THE FED … POLITICAL HACKS WHO HAVE NO CREDIBILITY

 

“A lying, hypocritical, two faced "flip flopping” bag of flaming dog shit!!”

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

WELL, THAT ESCALATED QUICKLY DIDN’T IT?

 

“It’s official, but not reported … the ChiComs have called the FED’s bluff!!”

Over at one of Hitler’s abandoned bunkers, where the FED’s “Rally Protection

Team” [RPT] in gold calls home, I bet the short sellers last night were as

nervous as a 10 year old kid at Neverland Ranch! … add more BILLIONS to the

losses Spicoli, and just ramp higher the CNTRL-P machine for more fiat!

… “grab the popcorn everybody, this parabolic “pump / maybe dump as well”

is JUST GETTING STARTED IN GOLD!” and of course, crypto has noticed as

well, with BTC spiking over 40K+.

The ChiComs punched hard, but the FED counter punched, let loose the animal

spirits in the CNTRL-P machine, and since the top in the first hour of trading for

the new day in Asia, gold dropped $120+ … AND DUMP IT IS! … well now, we

certainly don’t see anything like this 99.99% of the time, with howdy doody

volatility [VIX] …  this got awfully messy “el quicko mucho” … I got no idea how

this plays out in the days ahead … the PAMM today with multiple trades in gold,

and we’re DOWN APPROXIMATELY 0.1% … good signals, but with session VIX

in “The Twilight Zone”, moves of $1 - $3 are simply random ticks, and quite

frankly that ain’t good … slippage a problem of course at Coinexx, and we got

our share of it today, even with me being very careful to time my trades … didn’t

matter … “bend over cutie pie!” … quite frankly being down 0.1% feels like

victory.

I’m not happy with the VolumeMA.mq4 indicator, and I’m replacing it with

“SortVolume.mq4” … while it doesn’t have a MA component, it breaks down,

in real time, up volume [LimeGeen] and down volume [Red] inside each m1

… this way you can see as the market is moving, which way volume is flowing

… at tops it’s almost all LimeGreen, and at bottoms it’s almost always all Red

… the indicator over in “Download Links”.

Crypto going nuts today, pick your poison … “The Syndicate” UP ABOUT 0.3%

on some “arb scalps” early in ETHUSDT, with light volumes on my part

… however, the action wore off quickly once New York came in … “seriously,

what is New York good for?” … biggest moves in multiple markets in years, and

it’s all in Asia or early Europe … thank you FED  for crushing VIX once again

… onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas