OPEC GIVES BIDEN THE MIDDLE FINGER

 

“Absolutely GUARANTEED, Biden will FUBAR anything he touches!!”

Well, OPEC+ gives Biden the middle finger for double dealing and lying about

keeping oil prices “stable” … and more significantly, each new day sees more

cooperation and willingness to do business with the ChiComs … My guess is,

Saudi Arabia and others have figured out that the U.S. is not worthy of trust

… Gosh, imagine that … the U.S. stabs one of its “friends” in the back for political

reasons, and then expects no repercussions … higher oil prices here we come

… higher inflation here we come! … why should anybody be surprised?

Oil goes bat shit crazy [BSC] overnight as expected … I wake up this morning

and get to my screens and gold has made a round trip $20+ reversal move

… moves over $40+, and any bets New York can’t even move $10 once the

scumbag bankers get to their desks? … we’ll see, but this is sooooo typical of

markets these days … “Asia flies, the rest of the world dies!”

There isn’t any “normal” any longer in gold … it’s either panic selling or FOMO

panic buying, with more “V” shaped bottoms and inverted “V” tops than I can

ever recall seeing … what bothers me is the distribution of trading action that is

skewed heavily and more favorably towards the Asian session, and leaves New

York in the dust … you either can’t get it to break to save your life, or it’ll never

have an uptick again … and if that takes you into New York trading, especially in

the afternoon, you can expect mindless chop as far as the eye can see … yo-yo

FUBAR trading at its finest right here … quite frankly, gold is a nightmare to trade,

not cuz the algorithm doesn’t work, quite the contrary … the problem is trade

logistics … bid / offer spread that goes bananas too often and blows out, and

nothing but pure panic selling OR FOMO panic buying … and that equates to

buying rallies and/or selling breaks and hoping there’s a bigger idiot than you

to pay even higher on panic … and most importantly, the slippage factor goes

exponential from these scumbag bullion banks … nobody has a clue where

they’re gonna get filled on any order, cuz it could literally be anywhere … none

of this equates to consistent trading profits.

Well, trading crypto [meaning either BTC or ETH] at Coinexx is out of the

question … the shit Coinexx pulled last week in ETH, where a $25 move to the

upside saw the spread blow out to $17, should convince anybody of the blatant

thievery going on there … BTC simply too fat of a spread at $35+, and that’s

before slippage … the only place to trade crypto ]BTC mainly] is IQCENT

… spread of 1 or 2 pennies and NO COMMISSIONS … what the Hell do you want?

Starting tomorrow, I’m moving from gold to either EURJPY, GBPJPY OR WTI

Crude Oil … that’s not to say I won’t look at gold, if there’s opportunity, but the

trade logistics simply SUCK … and like I said, the slippage is horrendous … the

Mrs. today getting obliterated on a gold buy fill off an algo signal … she got

“lucky” cuz gold a few minutes later went past her fill and she was able to get out

… and I can tell you, that’s the last gold trade she will most likely ever do

… tomorrow she joins Miss Gimpy over at IQCENT to trade BTC … and, in case

you’re wondering, “The Syndicate” will make its return to crypto over at IQCENT

here shortly.

Lately, crude oil spreads at Coinexx have been relatively stable during U.S.

hours … usually 2 - 3 cents … today’s clusterfark in oil last night at the Sunday

night open saw spreads blow out, natch … stupidity reigns supreme at moments

like that … but by the time I came in [around 6:30 AM EST], spreads in oil had

already come down to normal … and in the 2 FX crosses, it’s simply a function of

trade logistics cuz they both have decent ranges with relatively good spreads

… not always, but usually … point is, anything is better than the bullshit I’m

looking at in gold … horrible, horrible slippage and bid/offer quotes that move

faster than Bitcoin on a hot trading day, thus ensuring almost with a 100%

probability you’re gonna get royally screwed on fills … ask the Mrs., she’ll tell

you, if you didn’t hear her screaming over the horizon earlier this morning!

No trades today for the PAMM … we switch over to the other trading markets as

of NOW … in addition, today I have a doctor checkup from my hospital stay last

October … just routine, quite frankly a waste of time, but convince the Mrs. of

that, so I’m going … got no choice really.

… OUTTA HERE early today, to support doctors who need more money … well,

it’s always nice to see the people who got me well from last year, so there’s that

… “The future’s so bright I need 2 pairs of sunglasses 😎😎, and my own Brinks

armored truck” 💓!! … Onward & Upward!! 

-vegas

SUNDAY UPDATE: CAN THERE EVER BE A “NORMAL” AGAIN?

 

“The “thought police” have you in their sights for extermination!!”

No, “normal” will never return to traditional financial trading markets … not a

snowball's chance in Hell … too much money, too much power, they’ll never

relinquish any of it unless forced to at the end of a gun barrel … the U.S. is so

financially corrupt, all that matters is the “skim” taken from markets by scumbag

banks to pay off POLS, Apparatchiks, regulators, and exchange lightweights

when necessary … so many people deeply invested in the Ponzi scheme of U.S.

finance, Hell is gonna need a new level to put them all into it … if everybody

“does it”, then it must be OK.

Fact is, there’s only one group of markets that are free from government

manipulation, and that’s crypto … sure, “whales” attempt to manipulate crypto

all the time, but in any market going back to the beginning of time itself has

always had this phenomena … nothing new here under the sun … and like

everything else that’s driven by technology & innovation, things change in

crypto often and nothing ever stays “static” … Bitcoin [BTC] of course is “KING”

… pseudo blockchain fiat with a definite limited supply, where nobody controls

the algorithm or has the ability to “cheat it” … in other words, no inflation! … and

in a world where EVERY SINGLE CENTRAL BANK CHEATS THEIR OWN

CURRENCY and debases its value, BTC stands alone to preserve its own integrity

as a “store of value” [SOV] … and like anything that’s free to trade up/down, it’s

value is subject to the whims of the collective marketplace, NOT some

Apparatchik’s wish pursuing an agenda … an agenda THAT ALWAYS sees the

globalist Elites gain, and the public loses.

You can love or hate BTC, what’s the difference? … does the market care?

… what’s between your two ears matters not! … what matters is that it’s a

tradeable market where you can make money … where overwhelmingly the

volume is spec driven, and banks are absent with their manipulations … and if

trading conditions are right, there is no reason not to trade it … the problem

with trading crypto has always been the “gas fees” [commissions] … these fees

are necessary, the industry tells us, to get the transactions on the blockchain

… depending on where you trade BTC, the fees vary widely … generally speaking,

currently the most common commissions are 0.06% of notional per side for

“market orders” [taker fee], and 0.01% for executed “limit orders” [maker fee]

… at current price for BTC, that equates to about $35 for 2 market orders [entry

& liquidation] … quite frankly, that sucks! 

Then along comes IQCENT, and they trade BTC with a 1 or 2 penny spread WITH

NO COMMISSIONS … and for a market that has a 20 Day Range MA of over $1,500

this week, there isn’t another market anywhere that can touch BTC for consistent

movement in price … not even close … any metric you want to name gets

destroyed when comparing that market to BTC at IQCENT … so, don’t sit there

and tell me you want to make money trading and then ignore BTC cuz you only

trade FX or some such bullshit … you’re either serious or not … if not, that’s OK,

just admit it to yourself and go do a crossword puzzle or something.

Gold for its part, caught between a world that demands more of it, and sell side

manipulator bullion banks acting on behalf of central banks who hate to see the

price go up … a gigantic tug-of-war … at times gold trades like a crypto pair, and

at other times it’s a nightmare of manipulation, especially periods of “chop”

… last week’s gold ranges never got close to its 20 Day Range MA, neither daily

or New York session … how long this lasts who knows? … but after strong price

gains, throughout golds history there is consolidation and pullback cuz the

bullion banks got to square their books first … it appears we’re in that period now

… it would be nice, though, to get at least some modicum of price movement that

justifies being in the market, cuz the risk is always there … always.

Directly below, this week’s 20 Day Range MA’s for selected markets.

click on table to enlarge

Onto the upcoming week … OUTTA HERE … “The future’s so bright I need 2 pairs

of sunglasses 😎😎, and my own Brinks armored truck” 💓!!

… Onward & Upward!!

-vegas

 

WELCOME TO THE BANANA REPUBLIC

“Where criminals run free and political opponents prosecuted by Thugs!!”

When does the official “civil war” start? … FUBAR NATION doesn’t have much

longer to live … the old country is dead … your new “bosses” are Libtard Thugs,

and you will come to believe whatever it is they demand you believe or else

… you voted for this, but as we all know it isn’t voting that matters, it’s who

counts the votes that matters … good luck Gringos!

And speaking of “Thugs”, welcome to financial markets … the day is very early,

but don’t worry cuz the “scumbaggery & fuckery” will commence soon enough

once the bankers show up … so called “markets” losing steam as a once

believing public starts to wake up to the fraud & corruption that is widespread

throughout the Banana Republic … the rot is everywhere! … “what’s the

over/under date for when the ChiComs raise their flag over the White House?”

There isn’t anything positive I can say about trading gold today … it utterly

stinks … a range so tiny going into the New York afternoon, it defies logic and

common sense, until you realize it’s being manipulated beyond belief … and

then after 1 PM EST, it decides to break $10 … OK, why now and not earlier?

… well that’s easy to answer … cuz if it broke earlier there’s time for it to rally

… now late in the trading day on a Friday, besides short covering, who’s gonna

step up and buy it now? … and bullion banks, of course, know this … “Trading

Ratio” [TR] [under 3 all day], and at one point almost breaking 2 on the downside

… quite frankly, the entire week a huge bust in terms of trading action … no

trades for the PAMM today … exactly what is it you’re supposed to do when it

won’t move like it should? … sure, there are algo signals, but so what when they

don’t go very far and you still have the same risk? … plus you got the high

relative spread PLUS slippage to deal with from the scumbag dealer bullion

banks … and when it chops, you might as well be flipping a coin.

Bitcoin [BTCUSD] trading well … another day with range over $1,000, and good

movement throughout all 3 world sessions … of course, it’s the people’s

currency, not some piece of shit fiat controlled and manipulated by a central

bank and the Apparatchiks that run it … and quite frankly, it’s the only thing

worth trading on a consistent basis that makes any economic sense … gold’s

consistency sucks … given the unique trading conditions at IQCENT, where the

bid/offer spread in Bitcoin is 1 penny [maybe 2] and there are no commissions,

you tell me where anybody else even comes close to this? … that kind of total

cost and that kind of range? … whaddaya want? … I’d move the PAMM there in a

second if I could, but I can’t … blog update on Sunday.

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

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

-vegas

FUBAR AMERICA … YOU GET WHAT YOU VOTE FOR

 

“Christian children get murdered, and all Biden does is crack jokes about it!!”

You voted for it, remember? … 81 million idiots … Congrats!, this is what you get

when a trans nut job kills innocent children at a Christian school, and all the

POLS & Apparatchiks in government fall silent cuz the narrative is all wrong, and

the MSM shows only compassion for the dead [thank you police] shooter … I

wouldn’t go back to the U.S. if you paid me money to do so … F’ed up socially,

morally, politically, culturally, and a cesspool of corruption and money laundering

in the financial community as well as the MSM [mainstream media] … and it’s only

gonna get worse! … all part of the Libtard plan for Authoritarian government

… next on the agenda is your complete loss of freedoms and wealth … ignore

this EVIL at your own peril! … and there will come a day when you’ll utter

something along the lines of, “Gee, why didn’t somebody warn us? … or, Who

could have seen this coming? … open your frickin’ eyes and throw away the

propaganda that blinds you!”

Turning my screens on early this AM, and for like the 20 billionth time, “Asia flies,

the rest of the world dies” meme is in charge … again cue my personal broken

record. “What?, I got to move to frickin’ Thailand to get decent trading action?”

… modest moves in crypto so far, with Bitcoin having a #1K range [of course, in

the Asian session], and gold with a $16 range, and you wonder just how bad this

day will end up when it’s over … and while crypto moves better than anything on

the board on a slow day by a factor of at least 20X, I’ll remind you again that at

IQCENT the spread in BTC is 1 or 2 pennies per 1 lot with no commissions … as

I write, Miss Gimpy isn’t up yet cuz she was trading BTC in the Asian session last

night when I went to bed … can’t wait to hear from her later how she did, and

looking at the M1’s from last night, the algorithm nailed BTC to the wall!! … oh,

but EURUSD or USDJPY moved a few PIPS, so there’s that … what a frickin’ joke,

all the while dealing with scumbag bank LP’’s looking to screw you blind on

bogus off the market fills … quite frankly, if you can’t see just how FUBAR this is,

then there’s no help for you … I became a trader many moons ago, not for any

other reason but to make money, cuz it was far superior to actually working for a

Doofus corporation for shit wages that make others rich … I’m not a psychiatrist,

and I don’t have any hangups about quitting markets when they don’t perform

… I don’t marry a market … trade it, don’t date it! … and I haven’t even published

yet the updated binary options manual that’s coming!

It should go without saying, though, that if you’re trading Bitcoin [or any other pair

for that matter] and you’re buying on a green spike up or selling a red spike down,

there’s likely to be gaps in liquidity of a few bucks … this is natural in a free

moving real market with 1) many exchanges quoting and trading BTC, and

2) millions of people around the world trading it … unlike manipulated markets

dominated by central bankers and their BFF scumbag international bank buds,

crypto doesn’t have these, only the free flow of money as it should be, without the

corruption seen in fiat … corruption supported and abetted by governments cuz

it can be “cheated” … BTC goes up/down, and BTC is volatile, but BTC can’t be

cheated, and thus like gold that means POLS & Apparatchiks hate it with a

passion cuz they can’t control & manipulate it … at some point, the world wakes

up and BTC goes “supernova” when enough people finally smell the coffee and

realize fiat cheats them and cheats them mightily, and then they do something

about it … and every central bank cheats their fiat currency … EVERY SINGLE

ONE! … and it hasn’t escaped notice of the Ruskies & ChiComs, that to defeat

the West without firing a shot, gold backed currencies will do the job for them

… and at the same time adding BTC to their reserves … what does the impotent

FED do then with their worthless fiat that’s backed by nothing?

I don’t even know where to begin with these markets, that simply won’t trade

… everything a freight train moving in one direction or the other, with nothing

but FOMO and occasional bouts of panic … gold a perfect example today … it

only breaks and gives great buy signals from the algorithm when I’m asleep or

away from the trading screen … otherwise it moves either straight up or sideways

and bores you to death before the next nuclear explosion in price … “Trading

Ratio” [TR] in gold way below 3, hovering around 2.5, which stinks … nothing to

do but wait, cuz I ain’t buying rallies in gold.

Crypto not moving much better, its movement came in the Asian session natch,

cuz why would you want to move in North America? … still, given the trading

conditions, it’s light years better than gold, or anything else for that matter … they

run gold up $20 straight for 3 ½ hours to after 1 PM EST … now they start to

break it … sorry, it’s too late to expect the correction to yield further gains to the

upside … at best it’ll be a “Loser Formation” and could be a slow walk down the

hill into the close … it’s typical of days like this in the modern era … move and

when it corrects, the move is over and done … they moved it too far too fast and

there’s nothing left … we’ve seen this so many times it’s sickening … no trades

for the PAMM today in gold … it can’t “trade” and it didn’t have any corrective

activity worth a shit after New York came into the equation … 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