SUNDAY UPDATE: CHAOS REDEFINED

 

“Precious metals and crypto!!”

Directly below, this week’s stat facts for our PAMM markets.

click on table to enlarge

VIX ebbs and flows like the ocean’s tides, but what disturbs me the most

heading into this week is that the percentage of trading action as defined by

the “New York session median / the daily range for the day”, has fallen below

50% for Ethereum [ETHUSD] and Bitcoin [BTCUSD] … and what that portends

for both, IMHO, are alternating trading days of pure shit with days of bat shit

crazy [BSC] action … one day a large blow out range and the next it acts like

it’s closed … this is the kind of bullshit that infects FX pairs, purposely designed

to screw specs by the central banks by creating conditions where VIX is highly

inconsistent … and that means banks win and specs lose.

On the other hand, both gold and silver are seeing increased VIX, where NY

headlines about 75% of the daily action in less than 8 hours … and while things

can change, they don’t appear imminent and I don’t foresee gold going

“sleepytime” with a significant drop in range … maybe some, but not enough

to make a difference. … the FED is close to puking gold shorts HARD, and with

solid foreign central bank demand for “bigly & yuge” size, I don’t know how

they see getting out of this FUBAR clusterfark without losing hundreds of

billions of dollars … and that most likely will see gold benefit along with silver.

I’ll move back over to ETH when it makes sense to do so, but 48% versus 75%

in gold is a wide differential and makes for better trade conditions … starting

the week, I’ll be back in gold … onto the week!

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

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

-vegas

WILL THE FED EVER STOP PRINTING MONEY?

 

“NOPE, NOT EVER!!”

Micro gold futures volume [VOL] on Friday traded over 300,000 contracts, which

is slightly less than 10X the open interest [OI] … 226,000 contracts traded

Monday, and about 180,00 contracts yesterday … clearly, interest is picking up,

and while I wouldn’t trade in the U.S. for any reason, but instead trade CFDs

offshore, you can bet the worldwide offshore volume was significantly higher

… and as long as POLS borrow money with no intention of ever paying it back,

and Apparatchiks at central banks monetize said debt, gold and silver will be in

focus! … unless there’s a revolution where heads get separated from shoulders,

I don’t ever see that happening … the idea of “kicking the can down the road”

and letting somebody else deal with the inflationary problems, is too enshrined

and easy to put into practice for them to ever stop … financial collapse is closer

than you think!

And when that happens, there WILL BE NO ESCAPE FROM THE BANANA

REPUBLIC! … government already knows more about you than any member of

your family, and it’s about to get worse, now that Uniparty RINO hacks in the

Clown College [retard section] just passed a spanking new authorization bill

giving the intelligence agencies [an oxymoron if there ever was one] sweeping

power over Americans ..  like the Stasi, KGB, & Stalin’s infamous NKVD,

ordinary Americans are treated by the “new Gestapo” with contempt, running

roughshod over constitutional rights in the name of “national security”, and of

course for the children … what a bunch of BULLSHIT! … it’s about POWER &

CONTROL over people’s lives, and it will make confiscating your wealth that

much easier … somewhere in the depths of Hell, Reinhard Heydrich is jealous

with envy at this so called “Democracy” that ain’t … you live in a Fascist

Technocracy, where capitalism is only paid lip service … the link below at ZH

with more details.

https://www.zerohedge.com/political/supercharged-spying-provision-buried-

terrifying-fisa-702-reauthorization

We’re starting to hit that important “inflection point” in monetary history, where

when SHTF it’s gonna be quick and furious … since 1971, when NIxon took the

Banana Republic off the Bretton Woods gold standard and introduced “fiat”, it’s

been a cascading series of problems and short term fixes that get worse,

worse-er, & worser-er-er every single year … the world is waking the fuck up,

with central banks all over the globe demanding gold, once held in New York, be

returned back to its original origin … why? … cuz they don’t trust the U.S. to

keep its word and deliver THEIR GOLD WHEN THEY WANT IT … since the end

of the Korean war, the U.S. has stabbed every single supposed ally in the back

and abandoned them, and now with the weaponization of the dollar, nobody

knows who’s next that falls out of favor with “The Swamp” and decides to

sanction you for political expediency … “So, gimme my fucking gold back!!”

The whole idea and premise of “BRICS” is to develop a system of international

payment solutions so that countries can bypass using the FED SWIFT system

and ditch the U.S. Dollar cuz of the potential problems it can lead a country into

… and part of that system is gold … I’ve said it before and I’ll say it again … the

U.S. is O.V.E.R. when Saudi Arabia starts accepting Chinese Yuan for oil payments

[that’s already begun!], and then STOPS ACCEPTING U.S. DOLLARS FOR OIL

… at that exact moment, good luck Banana Republic in your daily Treasury

auctions and paying the bills, not to mention all the freebie shit demanded by

“The Free Shit Army” that won’t be there any longer … and the price of gold?

… who knows, but it won’t be lower! … and all of those ILLEGAL IMMIGRANTS

BIDEN HAS LET IN, go on a terrorist rampage that the country can’t now afford to

confront cuz they can’t borrow money any longer to pay for anything … what a

shitshow that’ll be when it occurs, cuz that’s what the Elites want … they want

America to be over and done with … throw out the constitution and start over

as an authoritarian system of one party control and power … and more than

likely, you’ll be all for it!!

Quiet overnight, and it appears to me the ChiComs are playing their cards close

to the vest … no selloff in the Asian session, as they are gonna make the FED sell

it off so they can buy it … why should they sell it off and let the FED ring the

register for some short term gains? … make the FED sell MOAR! … the longer

we hang up here within striking distance of 2400 and the high around the 2430-ish

area, the bigger the next explosion will be to the upside … what does the FED

do then? … and what happens if silver goes parabolic as well? … demand for spot

silver is “off the charts”, with many mines going straight to end producers of

silver and skipping the “Comex cartel” altogether cuz they can get much better

pricing … spot silver is anywhere from $5 - $7 premium to futures!, IF YOU CAN

GET IT DELIVERED TO YOU … and if you need size? … OMG!, ask the Indians

how that’s going … quite frankly, I wouldn’t be surprised to see metals continue

to go hyperbolic up and until a bullion bank goes tapioca and forced out of

business … that kind of news portends a top IMHO … but we ain’t anywhere near

there yet! … [I don’t think, but today’s trading action worries me over the near

term and into the May - August cycle … they can’t even drive buy stops cuz

there’s no power there to drive it … everybody who wants to be long is

already long … now it’s sell stops turn in the sun … I could be wrong, but metals

already have very long over positioned specs with stops below … if history

repeats, which it almost surely does, the bullion banks and the FED will go

get them … question is, will the ChiComs let them or not? … we’ll see]

We got beat up today … chop in gold followed by sharp moves lower in

everything else, along with horrible fills from the Coinexx HFT LP, who robbed,

mugged, and raped us pretty hard … B.I. Itch all you want, they don’t care, and

getting through the spread to the other side in what seemed an impossible

scenario … when it doesn’t wanna go, it doesn’t … surprised to see no attempt

at 2400 the entire day … going forward, my first priority will be ETHUSD, which is

moving as well as can be expected given its ranges lately, which have been very

good … spread tighter relatively speaking than anything in gold or Bitcoin, but be

careful of the spread when it moves above $2+ … trade at that level and you’re

gonna get fucked royally by the scumbag LP … just warning you … volumes

upped today, and we’re on the wrong side of being DOWN JUST NORTH OF 0.6%

… I came in with thoughts of “day trading” more than scalping … fuck that!

… scalps, especially in ETH worked well, day trades in both gold and ETH didn’t

… lesson learned the hard way, even for somebody who’s been around trading

forever … volumes will remain high, and it’s the scalps I’m looking for and are

my “bread & butter” … if gold continues to go higher, I’ll look at it, but I’ll only

trade it if ETH goes dead … ETH is the better scalping vehicle hands down

… just as good as movement and a much tighter spread with usually low

slippage … today at times, that slippage in ETH was bullshit, but it’s bullshit

99% of the time in gold so what’s the difference if you get a “one off” in ETH?

… BTC is just plain stupid with its hundreds of dollars in moves up/down in

seconds … add some slippage to that pig along with a fat spread and see how

you feel … trust me, you won’t feel very good!

I’m somewhat surprised markets as a whole went lower hard today, as yields

went lower … it is what it is … it’s tough to see what group is leading and who’s

following … near its low today, ETHUSD has lost  roughly $800 in value over the

last 7 trading days during the week … talk about a sell stop bloodbath, this is it,

right along with BTCUSD … from my perspective, though, it makes a much better

trading vehicle when both sides panic, instead of the straight shots up or down

… onto tomorrow and ETH scalping! … [should have never left it to begin with!

… Oy Vey Maury, Oy Vey! … one more thing … I’ll be trading ETH to about 4 PM

EST, so look for blog posts sometime after 4 PM EST but before 5 PM EST … as

today proves once again, trading action in the last half of the day to the NYSE

close can be quite interesting, and I want to be there when scalps present

themselves … rough day today, but no worries … onto tomorrow!!

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

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

-vegas

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