EVERYTHING IS GOOD AGAIN!

“Then the “Plunge Protection Team” [PPT] shows up!”

Stocks saved again by those in government doing God’s work here on Earth

… why? … cuz you’re too stupid to be trusted with over valued, high priced

stocks! … please, leave it to us, we know what’s best for your money.

Meanwhile, over in Hong Kong where the world didn’t end, somebody decided at

the start of the trading day [last night] to beat the “Chuckleheads” to the

proverbial punch and ramp gold out of the starting blocks in the “dark hours”

to above Thursday’s high of the day … when they all looked around and HK

wasn’t in ashes like they thought, it was “sell, Mortimer, sell!” all the way to the

sunrise in New York … well now, here comes gold market “B”, with its own set of

“fuck you” rules, and as I’ve said before there’s nothing New York can’t do to

undo what the “Chuckleheads” & now the “Burgerwehr” think they’ve

accomplished.

Just your average $22+ range overnight in gold market “A”, where unfortunately

it was pretty much straight down and produced ZERO algorithm buy signals

… now we get treated to the horseshit New York market, where criminal scum

congregate and call themselves “liquidity providers’’ … it’s like drug dealers in

the hood calling themselves “alternative health pharmaceutical representatives”,

only they’re more competitive and offer better pricing … maybe, and this is just a

thought, they can all merge into one gigantic enterprise and rename the new

liquidity provider company “Dewey, Cheatum, & Howe” … somehow, it all makes

sense.

Out in the real world, everybody heaves a sigh of relief cuz the U.S. 30 YR.

Treasury went up 2 basis points overnight to back above 2% to 2.02% … yea,

that’s some march higher in yield [snark] … double yea, everything is good again!

… only it ain’t, as the rest of the world, and at some point the U.S. as well, go

down the rabbit hole to NIRP … it’s only a matter of time.

Here in the very early going, it’s the usual “pump & dump” from the scumbag

banks, as first they screw with shorts left from overnight and drive them out via

buy stops above 1510, and once that mission is accomplished cuz they got the

info on order flow and stop levels that nobody else has, it’s open the trap door

back down to around 1510 … enter some “Johnny-come-lately” sell stops from

those that got long on the climb, and it’s straight up for 8 solid minutes off the

bottom where the banks bought the stops … anybody see a pattern here?

And then comes much better housing data … whoops … gold ain’t liking this at

all … this pesky data keeps getting in the way of the narrative of a global

depression, which gold desperately needs in order to maintain the uber bullish

Karma … next week sees global bankers in Jackson Hole, Wy., where no doubt

more ice gets thrown onto gold … quite frankly folks, it’s starting to feel ‘’toppy’’

in here for gold.

Mid morning in New York, and the distinction between overnight in gold market

“A”, and the “pump & dump” schemes of the New York banks in gold market “B”,

couldn’t be clearer even if you were blind … simply a disgusting mess of stop

hunts and spikes from hell, both up & down, as our friendly “liquidity providers”

front run futures orders and order flow … nice work if you can get it. If I had a

nickel for every fucking M1 spike over $1 this week, I could buy my own

Caribbean island … FFS, this is ridiculous … like I said, classic “pump & dump”

with the overall market going literally nowhere from 3 hours ago. Then suddenly

at 17:20 server time [10:20 AM EST], the spikes from hell show up yet again, this

time out of nowhere, sending the DOW30 UP 140 points and gold down about $4

in seconds for each … why? … who the hell knows, there’s no news of any kind

… am I the only one who sees the “pump & dump” hallmark, bullshit, trading

scheme for U.S. traders? … thank you FED, for your manipulative help in VIX

obliteration over these last years, cuz it’s coming home to roost now in spades!

… no big deal, just another group of traders who got ambushed, mugged, &

raped, and then dumped alongside the road to walk back home, cheaper for the

experience … thanks, and come again!

OK, we’re in truly “bizarro world” now … gold getting “monkey hammered” to a

new low for the day, the DOW30 screaming higher cuz the rumor is Germany is

gonna save the world by going QE [money printing for you Obama voters getting

up late] at ‘’negative-er” interest rates, and get ready to catch all the money from

the black helicopters coming over your house … seriously, this is all it takes to

start an avalanche these days in markets? “So, how far can stupidity take markets

when they get rolling before the adults in the room pull the plug”? … we’re about

to find out. And lo & behold, another mysterious headline saves the day for stocks

and slams gold … amazing how these “coincidences” just keep happening at all

the right moments … and come to find out by reading the details, Germany is only

thinking about it, not a done deal … AND … der Spiegel had this a week ago, so

why now the headline that sets everything on fire? … yup, coincidence and

Epstein committed suicide as well … sure, whatevs.

And again we see the stark difference between NY & the rest of the trading world

… say whatever you want, I can see, taste, and smell the manipulation going on

in both stocks and gold in the New York session … there is very little trading, and

a whole shipload of price manipulation … very, very difficult to get a handle on

risk in here when bombs are going off all over the place … and yet, nobody in the

financial MSM will touch it with a ten foot pole … gee, I wonder why? … and now

comes news via ZH, the head faculty lounge Twit [Spicoli] is forbidding ALL FED

presidents from further public comments … no more chicken lunches or dinners,

conferences, or on/off the record interviews … well, isn’t this interesting? … is

somebody getting a bit sensitive to the criticism that he doesn’t know his ass from

his elbow? … that he couldn’t find his ass with both hands if he had a

Rand-McNally roadmap?

Noon in New York, and here we go again with another vapors spike … the “Flying

Wedge of Death” [FWD] making yet again another appearance for traders, as gold

yo-yos up/down setting off all kinds of technical signals the scumbag banks fade

and profit from at spec expense … just another ho-hum thieving day … quite

frankly, all we see is panic up and panic down, with very little in between … you

want to call this a market, go ahead … after 5 ½ hours of pure bullshit, gold sits

right where it was when the sun came up … welcome to New York, where “a little

song, a little dance, a little seltzer down your pants”!

Granted, it’s not over yet, but here in the NY afternoon, gold so far seeing the NY

session at less than 50% of its 20 Day Range MA … well it is Friday, so there’s

that, but quite frankly it’s more of the way New York trades that is the problem

… now in the P.M., and Europe closed, round up the usual suspects for some

afternoon criminal activity, that anywhere else under similar conditions would get

you put in prison, and you’re gonna come real close to what lays ahead until the

close.

Not a single algorithm buy signal today, which is kind of disappointing, but under

the circumstances and looking at the way it’s traded today, unless you can tell me

exactly when the headlines hit, and where the order flow is at, to the second,

being long today had its severe drawbacks … certainly the risk was better than

whatever reward, and in retrospect that’s why there were no signals … well, no

sense crying about it … next week will be here shortly, and we start anew Sunday

night and into Europe, where the real gold market trades … and just to prove my

point, here at 3 PM EST, gold sits right where it was when Europe opened … it had

a small move, but New York undid it all like they usually do … wrap it up & put a

bow on it, it’s called Friday bullshit.

This weekend sees me do more course work writing and laying the groundwork for

our YouTube channel, which more than likely will be up and running before

October 1 … so, a busy weekend … blog update on Sunday … until then mi amigos

… Onward & Upward!!

Have a great weekend everybody!

-vegas

YES SKIPPY, THEY HAVE LOST CONTROL

“Control this globalist Elites!”

Welp! … and that pretty much sums up markets yesterday [and a few other things

as well, Bwahahahaha! … some days, you simply can’t make this shit up.] … the

only market not moving is GBPUSD, although today finally sees some movement,

where they got their own set of problems unique and different from the rest of the

world, and where the main culprits of confusion and chaos [Parliament] don’t

come back until early September … however, I have it on good authority that the

Royals are coping splendidly, where Prince Chuck of Whales & Mammals is

getting his shoelaces ironed on time, and the Duchess of Gold Digger is still

spending money … notably absent from this frivolity of course is Prince Andrew,

who’s still sulking cuz he can’t hit on pre teen girls anymore … “hey, and you

thought being a Prince was easy”?

Yesterday saw the biggest drop in the DOW30 this year … to put it in some

perspective, when I first started in the trading biz up in Madison, Wi., under the

tutelage of my mentor Bert, the entire DOW30 was LESS than yesterday’s point

drop! … thank you clueless FED, where the pickup in getting “Thelma & Louis'd”

yesterday came from FED Pie Hole Bullard, who opined “Everything Is F-ing

Awesome Baby!, and there’s absolutely no need for rate cuts going forward

… contrast this with some investment banking geniuses [yes, this is an

oxymoron] who are clamoring for “Shock & Awe”  of a September rate cut of 100

basis points … ‘exactly which two universes are you two living in”?

Throw all of this together, and yes Skippy the FED has lost control … see the

“Plunge Protection Team” [PPT] lately? … where were they yesterday? … see

gold coming completely unglued, and putting in moves unthinkable just 10 weeks

ago? … where’s the “Rally Protection Team” [RPT] to shut down any and all gold

rallies? … all of this predicted weeks and months ago as surely as the sun comes

up in the East, simply cuz when you try and control volatility through overt

manipulation, sooner or later when SHTF, there isn’t enough ink or paper in the

CNTRL-P machine to cover up the fuck ups & hubris you Dimwads in the faculty

lounge caused and created. 

And that has led to what we see now, which is complete and utter destruction in

markets via price moves in milliseconds … there simply is ZERO time to adjust to

the sheer scope of the panic … and it matters little if you’re long or short, cuz they

come for both sides … how about that $57 drop in gold, and the wipeout of sell

stops? … DOW30 at -800? … did you see the M1’s that were 50 PLUS points in

scope? … and then comes the Trump tweets and the assortment of Apparatchiks

paraded out to bolster markets … how’d that work out? … and Oh Boy!, here at

14:29 server time here comes the wipe out in gold to the tune of $9 per oz. out of

nowhere … have a sell stop in there did ya? … did the sell stop protect you, or did

you get filled at the bottom of that large spike? … Vaseline is on sale in the

commissary.

All of this should point towards risk control, which as I said yesterday is “Hoover

Dam” near impossible … in milliseconds, you don’t have any idea if it was

something Trump said or tweeted, the PPT that started it, or some Apparatchik

somewhere opened his Pie Hole … so, you think you risk “X”, and find out you

risked “10X” … how do you make this back?

We’re still 2 hours from the NYSE open, and already the PPT is hard at work

today, making sure the low from August 6 isn’t taken out … we just saw the PPT

do their manipulative magic, and if you were long gold you surely noticed what

happened … buckle up boys & girls, the road ahead isn’t on the trading map.

Well, it’s official! … we got ourselves a new class of Chumps traders to deal with

in gold … yup, forget the “Chuckleheads”, they’re so Asia & yesterday … we got a

new class of Europeans that show up near the European open … I will henceforth

call them “The Burgerwehr” [the “People’s Army” in German] … and lately, it’s the

“Burgerwehr” that are piling into and out of gold just like the “Chuckleheads”

… oh, you just know they’ll be making money [snark].

You look on the daily candlestick charts, and you can’t see the damage being

caused by the spikes from hell … both in DOW30 and gold, it’s like trying to catch

lightning bolts on a Kansas prairie during a thunderstorm … by the time you see it

on your screen, it’s too late cuz it’s over … again, you can thank the Dipshits

sitting in the Eccles building in D.C. for this … their policy of overt manipulation

in all markets financial can never be sustained, and when the horses leave the

barn, you can’t get them back in … and the shit you’re seeing now is a direct

manifestation of their manipulation idiocy … execution at sunrise would be too

soft a punishment.

Oh boy, some more planted headlines hitting the tape here hours before stocks

even open … DOW30. MUST NOT. EVER. BE. ALLOWED. TO. GO. LOWER. EVER.

… and of course, gold getting obliterated in the process … whatever headline is

next, not to mention probable Trump tweets and Apparatchiks paraded over to

CNBC to maintain the forever bullish vibe, grab the popcorn and enjoy the show!

And then, after the drive by shooting spree, an eerie silence falls over markets

where volumes & price changes dry up and people wander around aimlessly like

Zombies looking for their next meal … and here comes retail sales, and another

gap lower in gold … this time only a measly $6 or so, on better than forecast

numbers … in the last few hours, we’ve had 4 … count ‘em FOUR … gap lower

spikes from hell … nothing like efficient & honest markets, right?

And ever since the sun has come up in New York, and the early birds appear at

their Wall Street desks, things turn to complete shit in gold … if only somebody

could have noticed this trend long ago … like two completely different gold

markets, one in Asia & early Europe, and the other New York … they trade

differently, they run differently, the moves are different and distinct, and then

there’s the shitbox of New York and the stench of the New York banks all over

everything they touch … a bigger group of white collar criminals you’ll find

nowhere else on earth … not even close!

Going forward starting tomorrow, I’m rearranging my trading schedule to start

trading at approximately 4 AM EST … to hell with the “Chuckleheads”, they aren’t

worth watching … it’s on to the “Burgerwehrs” and their idiocy, simply cuz that 3

extra hours of trading is where some very sweet moves are taking place in gold

… today again seeing 2 great buy algorithm calls between 4 AM EST & 7 AM EST,

and after having nothing but a greeting from Mr. Jack Squat … no more! The

number of missed very profitable buy algorithm signals that have escaped us cuz

they’ve been outside our hours of interest has been substantial these last couple

of weeks … that shit ends NOW.

I hinted yesterday about the problems with the DOW30 … primarily, it’s moving so

fast up/down right now, that there isn’t anything I can do to accurately gauge a

buy signal … make our proprietary algorithm signals any faster, and you invite

shiploads of false positives into the equation at the very first hint of a fall off in

intraday volatility … I mean, it doesn’t take much at all to throw the entire system

into complete chaos with even the slightest drop in VIX … quite frankly, when the

stock indices get into their “10” back end mode [of the “80/10/10” paradigm], there

isn’t much you can do but sidestep the “shitshow circus’’ and refuse to hand them

money … I like the DOW30 as a trading vehicle, but not when pretty much all M1’s

on the chart have 20+ index point ranges … some as high as 100 or even larger

… that’s bullshit, and smacks of PPT horseshit … this market needs a Valium.

Here at Noon in New York, gold since the 7 AM EST open has been nothing short

of a nightmare trading scenario, with the “Flying Wedge of Death” [FWD] showing

up and plenty of spikes from hell up/down, reflecting panic in stocks and making

a mockery of any stop you have placed in the market … you’re simply a sitting

duck … and if by chance you’re on the wrong side of one these moves, neither

you nor I have any clue what the risk is at the moment … don’t be delusional, cuz

there’s no way to gauge the level of either the complete dysfunction of gold right

now, or the panic that ensues when somebody gets a hair up his/her ass and

pukes all over the place … and that has been happening with increased frequency

in New York lately. Outside of the panic, mystery tick lows and highs, which only

appear as blimps on your screen and nothing more cuz there’s no way in hell you

can take advantage of ‘em, gold so far in about 5 hours has about a 4 - 5 buck

range, with the FWD making life miserable for you in spades …’’hey New York,

where the hell is a frickin’ trending range’’!

One second gold is inversely correlating ‘’tick for tick’’ with the DOW30, and the

next minute they diverge violently leaving you in the dust … which market to

believe here in this manipulated horseshit we find ourselves in day after day?

Now that Europe is closed, we get to trust the scumbag banks in New York for

pricing … yea, good luck with that … like I said, start the day at about 4 AM EST,

and we got a good 8 hours before the ridiculous bullshit starts to hit. Fuck New

York …  if it was up to me, I’d ban all banks from trading gold for their own

accounts or accounts they control, and those caught violating this with even

1 oz., would lose their banking license and officers & directors of said bank

would face stiff jail time … unfortunately, it will snow in hell before that happens.

The real tragedy in all of this of course, is that gold is not able to trade freely, and

unless you realize ALL moves are for the benefit of the scumbag bullion dealer

banks, both up and down, you miss the truly scandalous nature of the way in

which markets today are accustomed to moving [in the old days, we’d call this

trading, but today it’s more a manipulation scheme] … and at the heart of all of it

are the New York banks. Remember, they can see order flow, you can’t … they can

see where the stops are at, you can only guess … they operate in nanoseconds,

you and I operate in milliseconds … they know where every single one of the most

popular indicators on the MT4 are at in real time for buy/sell signals, you don’t

… and lastly, they have Pacific ocean sized money behind them, while we have

glasses of water … yes, somebody tell me again about honest & fair markets

… what horseshit … all anybody can do is read the manipulation and try to profit

from it, in an environment where risk can be controlled … and lately it hasn’t been

the reading of the manipulations that’s the problem, it’s attempting to figure where

the landmines are at that blow the shit out of a trade and take a small loss and

make it a big one [see Tuesday for details if you somehow missed it.]

So, tomorrow sees trading move to the approximate 4 AM EST start, and if the

market can settle down some, to the point where risk can be established even

minimally in gold, we’ll be OK and should see some very profitable trading

… until tomorrow mi amigos, I got ZERO tolerance for New York criminal

afternoons  … I need a drink [maybe 3, yesterday was two … not nearly enough]

… Onward & Upward!!

Have a great day everybody!

-vegas