SOME VERY COLD MARKET WATER TO SAVE THE BULLION BANKS

 

“They did what to rates? … OMG!, “dot plot” stupidity to save bullion banks!”

The premise here is simple … “monkey hammer” gold and allow more short

covering for the bullion banks, especially JPM, the world’s largest criminal bank

enterprise running, before the close of biz on June 25 … got to protect the

scumbag bullion dealers before Basel 3 kicks into high gear come the open on

Monday, June 28 … and all of those thousands of short futures contracts get

covered and isn’t it a genuine coincidence? … right, me neither! … and OK, they

know “Stonks” take a little hit, but there’s always the “Plunge Protection Team”

[PPT] lurking in the shadows, so “Stonks” most likely won’t be affected nearly as

much as precious metals.

And besides, this is just TALK & BULLSHIT “DOT PLOTS” … “blah blah,

yada yada” constantly talking possible rate hikes, but there ain’t gonna be any

spike in rates, cuz there can’t be a spike in rates … the trillions upon trillions

being printed and spent by Preezy Idiot Boy, and soaked up into the FED’s

balance sheet won’t allow rates to rise … cuz if they did rise significantly there’s

no way to print that much debt to cover even the skyrocketing interest payments

… all of yesterday’s pile of horseshit is to save JPM & the other bullion banks

from severe losses on gold futures if they had to buy ‘em back higher … after

June 28, mark my words, Spicoli’s tune will change, and so will the other

“village idiots” lurking in the faculty lounge and markets will be on their way to

the next level of “bubble” … cuz make no mistake, the “STONKS bubble” has to

be protected AT ALL COSTS, even if it means running faster towards Venezuela

… the one thing they cannot let slip into the Sheeple’s mindset, is that “things”

are bad and Ma & Pa need to sell their stocks … it’s why every time “STONKS”

hiccup lower, the PPT is there to make sure not even the thought of shit turning

bad is a possibility … can’t have it, can’t allow it! … and no matter what

blithering idiots like Spicoli say, they’ll run the oceans dry of water first to make

the ink for money printing, rather than allow the “STONKS” bubble to burst.

Not to make that big of a deal about it, but I warned weeks ago about the

“spec bandwagon” piling into gold, and how if it continues without corrective

activity, the ending is gonna be “ugly” … cuz every time … EVERYTIME in the

past when they drag every last nickel from specs to get long gold, this is what

happens … and this time all it takes is 5 days to WIPE OUT 39 days of market

action where LONGS feel “safe” before their sell stops get filled … “I got filled

where”?! … this has nothing to do with actually owning gold, and has everything

to do with trading gold, and most have no clue what actually drives gold

[pre Basel 3], and even when you tell ‘em they don’t want to believe it cuz it

upsets their groupthink about markets in general being honest and aboveboard.

And more than likely, with gold now not a threat to go orbital until after Basel 3 is

implemented, the FED has bought a little time [again] to produce more

propaganda, while hoping & praying inflation numbers cool some … quite frankly

I don’t see it, but I’m a trader NOT a “guru” … for “STONKS”, the first line of

defense for Spicoli and crew is the 4150 level on the SP500 … if we get there, it

will be heavily defended by the PPT … ultimately though, the 4000 level is the

FED’s “Maginot Line” … and if that goes, look the hell out below!

Meanwhile, in the real world that is mirroring the Cartoon Channel, Preezy Idiot

Boy continues his stumbling, bumbling, anger rants, and pressers where he can’t

keep a cogent thought without a cheat card, the world gets a good laugh at the

“U.S. of China” … I’m pretty sure Vlad is laughing his ass off, and can’t believe

his good fortune at being gifted the village idiot … I’m also pretty sure “Stonks”

ain’t likin’ it either … but for sure, he got 81 million votes!

As we start the day with the criminals returning to their screens on Wall Street,

the hemorrhaging continues in gold, along with lower “Stock Bellies” … volumes

being as pathetic as they are, I’m looking for algo “day trading” signals, and not

so much scalping signals, but if they’re there I’ll take ‘em in the DOW30 if the

volume is good enough.

THIS JUST IN AND HIT MY SCREEN! … UNREAL!!

Sometimes, you just can’t make shit up and have anybody believe it, but here

we go … apparently it’s OK over at PATREON to have creators that do porn, soft

porn, give gambling advice, dating advice, and a whole host of other bullshit that

appeals to the lowest forms of human meatsticks, but I’ve been notified I CAN’T

DO THE TRADERZOO PATREON, AND THEY HAVE CANCELLED THE ACCOUNT

WITH NO REASON GIVEN … ATTENTION PATREON: “GO POUND SAND, WHO

NEEDS YOU ANYWAY”? … apparently, even though I make it perfectly clear in

my GLD & SLV pdf’s that my material is for “educational purposes” only, and to

provide info on how to properly structure trades in HYPOTHETICAL PORTFOLIOS,

so that people can see the “what & how” of how professional traders position

themselves for max gain with limited loss, APPARENTLY THAT CROSSES THE

LINE and I’m worse than 20 year old chicks doing reaction videos to the worst

filth on the internet and have PATREON ACCOUNTS THAT ARE JUST FINE! … I

mean, seriously? … OK, whatever, I tried!

So, I’ll host live chat on the website via a portal people can use FOR FREE, and I’ll

have a link in the header for crypto donations for those that would like to

contribute … PATREON, what hypocrites! … I’ll make the changes over the

upcoming weekend, and by Monday everybody can partake, and tomorrow I’ll

comment on it more in the blog … THERE, I SOLVED IT FOR YOU ALL! … [will

they ban crypto next so I can’t get donations?]

Turning to today’s FED markets … another wonderful feeding of the Chipmunks

at the NYSE open! … why this isn’t illegal I have no idea, but once again the ETN’s,

ETF’s, and a whole host of mutual funds get screwed royally by the scumbag Wall

Street banks … and we all know why nothing is ever done about it … when

pressed on the Preezy Air Force One, Preezy Idiot Boy said, “umm, gurgle, pony

soldier, back in ‘56, I always liked that girl … have I got my 10% yet?” … it’s not

immediately clear to the North Korean press following him, whether he was

talking about the girl or the Chipmunks, so they never pressed him on it … ah yes,

our glorious MSM hard at work pumping propaganda.

Gold getting absolutely trashed again today, off of Fedspeak “Dot Plot” bullshit

that serves 2 functions … 1) kill the positioned longs [check!], and 2) save the

bullion banks from their “unallocated” gold short positions before Basel 3

[double check!!] … and all it took was some fantasy about raising rates, when the

entire world knows interest rates can NEVER RISE SUBSTANTIALLY EVER

AGAIN! … and while volumes are OK in gold today, volume isn’t coming like you

want it, volume comes off of very tiny rallies and price gets mutilated within

seconds, meaning if you aren’t out of your scalp BEFORE it turns, ouch! … and

with tomorrow being Friday, the early rallies will get sold … in order to halt the

bloodshed, the Chuckleheads in Asia got to sell it in the hole first, and then New

York can come later and rally the shit out of it and make the burn hurt.

The DOW30 is a little trickier cuz of the PPT and their shenanigans, but before it

bottoms the Chipmunks will sell the NYSE open first, AND THEN the rally can go

orbital … now in its 9th day in a row of decline, some 20 & 30 somethings are

getting a little heartburn in their trading accounts … can the PPT quench the

heartburn before it’s too late?

Meanwhile over in crypto land, VIX isn’t just getting smacked down some, it’s

getting destroyed! … 20 Day Range MA’s going down faster than Biden falling

down steps up Air Force 1 … and the trading action starting with the European

open has become simply terrible … ETH 19 hours into the day with slightly more

than a $100 range, which is pathetic, and the other alt-coins act like they’re in a

coma … I said a while back, that crypto would have to suffer through weeks,

maybe months [hopefully not years] of consolidation and backing and filling, and

pretty much dashing the hopes of everybody who wants to stay long and pretend

the BTC crash didn’t happen … well, here we are!

Only 1 algorithm buy signal today in DOW30 … TURNKEY PAMM UP SLIGHTLY.

First, from the day trading side of the algo, the market opened cash trading in

“buy mode”, but after feeding the Chipmunks their daily dose of gruel, price

started to get “monkey hammered” lower, and within half an hour day trading

mode had turned to “sell mode” … it’s been there ever since … from the scalper

mode side of the algo, 1 buy signal and while it worked out OK for a small gain,

about 2 seconds after I liquidated it got the “Thelma & Louise” treatment quickly

… and while I don’t particularly like the action we are seeing, cuz make no

mistake, right now we’re in the back “6” of the “88/6/6” paradigm, there isn’t

much to be had on the upside when action turns nasty and people start getting

really nervous … and I’d say we’re there mi amigos!, in the DOW30 and

especially in gold where the action to the downside is brutal, and looks like

forced selling. EXIT QUESTION: “Today appears to be the 9th day in a row of the

DOW30 being lower [could change later with PPT help but for now it’s lower]

… when was the last time the DOW30 had 9 days in a row lower? … A: I dunno,

I went through the DOW30 daily history all the way back to 2012, and there isn’t

any other time period it’s done this … Welp!” … can you say back 6%? … I’m

not predictin’, just sayin’, be mindful of a stock meltdown cuz the probabilities

of one are a lot higher now than a week ago … meanwhile over in the NDX100,

it hits another ATH today! … “WTF is this”? … talk about rotation back into tech,

this is mind boggling!

Over in crypto, no trades today cuz I’m waiting for a pulse to appear to the

upside.

And just as a reminder from ZH, tomorrow sees the June  “Quad Witch” day in

“STONKS” and $2.2TRILLION of derivatives expiring! … can I just write you a

check for that? … Outta here … “the future’s so “GOLD”-en bright I need

sunglasses”!  … Onward & Upward!! 

-vegas

FED TWITS WILL ALWAYS DISAPPOINT

“Figure it out … the FED does NOT exist for your benefit!”

Go back just a scant 8 months to the beginning of October 2018 … at that time,

the FED was cheerfully proposing 4 additional rate hikes via their idiotic “dot

plot”, and I know I at least said, “no way”. Fast forward to today, and markets

are pricing in 3 RATE CUTS by the end of 2019 … do the math Skippy, and that’s

a total change of 7 rate cuts within 8 months … so, what have they actually

done? … they raised rates in December 2018 is what they did … and gold since

October 2018 is up about $140 … go back two weeks and that figure would be

about $90 - $100 … and that’s with market expectations changing by 7 rate cuts!

… “somebody tell me again gold is not manipulated lower”!

There’s a FED meeting next week, and after that it’s July, September, & December.

So, if they sit around the faculty lounge and pontificate and do nothing, which is

likely cuz there isn’t “enough data” to show enough weakness to justify a rate

cut, that means every other meeting this year has to see a 25 basis point

reduction … unless of course they opt for the “nuclear” rate cut of 50 basis

points, which would only set off a depression panic from markets … in other

words, it wouldn't help stocks, but send gold sharply higher. I think right now,

you got a better chance of winning the Lotto than seeing a 50 basis point

reduction in rates.

Bottom line, is that they will disappoint the markets next week … “they’ve never

been right about anything in 116 years, since their inception in 1913, so why start

now”? … always fighting the last war, these assclowns only care about protecting

the 0.001% elite, and propping stock prices, while making sure gold never rallies

much to matter … the last thing they want to see are headlines talking about gold

hitting multi year highs, and bringing this info to the attention of a completely

dumbed down and ignorant population of Sheeple drones … who just might get

the idea into their heads that stocks are too high and gold needs to be bought

… “you want fear into the hearts of the “deep state”? … well, this is it”! … and as

we all know, we can’t have that, cuz it might bunch up some “big girl panties”

among the elites.

At some point, of course, it won’t matter cuz gold is going higher … the only

thing that matters is that the scumbag banks are positioned correctly when it

happens … that leads us to this point in time, where you have to ask yourself if

there’s enough “juice” to take the banks out and propel it above 1350 and then

1375, and the answer to that question is still up in the air, cuz you can easily

support the argument on either side … sure, at some point it goes Palladium

and doubles in weeks … is this the time?

As I said yesterday, until next Wednesday comes we won’t know, although any

move higher ‘till then is apt to be sold, but if it keeps going that would be a sure

tip off that the scumbag banks have been given the go ahead by insiders at the

FED, that the fix is in and the die cast for a much higher price … it’s gonna

happen eventually, and if you think they are just gonna sit by and be casual

observers without profiting from it, you’re delusional.

Today sees gold come into New York with a modest $6 and change range

… everybody and their brother seems long to me, and if the FED does what they

always do, the slaughter to the downside will be quick and vicious come

Wednesday at 2 PM EST … maybe they do cut rates … with 3 rate cuts priced in,

does that mean gold goes higher through heavy resistance, or does it mean “buy

the rumor sell the fact”? I would remind people that gold got beat up unmercifully

in 2015, as the FED kept hinting at rate hikes after almost 8 years of zero interest

rates … in December 2015, the FED pulled the trigger and raised rates by 25 basis

points … that saw the low in gold around 1060, and it’s been higher ever since

… simply another “buy the rumor sell the fact” situation where expectations had

been fully met before they even did anything … and that brings me to right now

… with 3 rate cuts already priced in, about the only things the FED could do to

get gold screaming is either go the 50 basis point route for shock value, OR hint

at negative interest rates and endless QE money printing … do you see that

happening now?

Today’s action so far seems throttled … meaning it’s being held back by heavy

commercial selling on any bump up … even getting oil tankers attacked with

torpedoes overnight has had almost no impact, although WTI crude has spiked

along with stock indices … you know, buy MOAR! stocks cuz it’s bullish when

war starts … WTF! … makes you wonder what the hell is going on in this crazy

world. We got a full day ahead, but I’d be surprised to see any kind of explosion

in price … but who knows, we’ll see.

Noon in New York, and not surprisingly to me, nobody wants to play today in

gold … range today in New York after about 5 hours is approximately $4 … can

you say “Flying Wedge of Death” [FWD]? … and unless some news breaks

somewhere about something the market cares about, today’s action is the future

for tomorrow, Monday, & Tuesday … “hey, I don’t make the rules, it is what it is,

and all eyes are fixated on the faculty lounge come Wednesday at 2 PM EST”

… given the overwhelming bullish sentiment and long positioning by specs, I’d

be shocked if we don’t see some tradeable downdrafts between now and

Wednesday afternoon … rest assured, the scumbag bullion dealer banks will

spook some folks via sell stops … and no, a $1.50 isn’t a correction.

This is simply a bag of bat guano … nothing to see here … at least not today

anyway … not even worth watching. And with no range or volatility, we’ve gotten

ZERO buy algorithm signals … nothing to do but wait … not as if anything else

besides oil [tanker attack anyone?] & the Hang Seng index have moved today, in

tandem with the late night / early morning SP500 rally on possible war news.

Some days, you just can’t make this shit up, cuz nobody would believe you. And

as I write, gold crawls up to a new high to set off some buy stops, but no

significant follow through, cuz it heads lower immediately. It’s just more of

“Tickle Me Elmo” time pre FED.

I mentioned the Hang Seng stock index yesterday … and briefly last year around

July I followed it for a very short time … in retrospect, I should have stayed with

it, cuz given the trading conditions we can get in it, it’s a stone cold winner of a

trading vehicle … everything you’d want in a market if you drew it up on the

blackboard, along with a one hour for lunch closing  at Midnight EST to 1 AM

EST. … I mean, what’s not to like with that? The team [Cousin It & Chief of Staff

Milton Waddums] and I have completely revamped the trading algorithm for the

Hang Seng, throwing out data pre February 2016, and adding proprietary

indicators nobody else has … that keeps us out of the banks computer systems,

which is a definite plus for profits, cuz they monitor and track every

“Hoover Dam” algorithmic system they can get their hands on so as to play for

stops … in other words, they strive to know what you’re doing so they can fade

you to levels where they know you’ll puke, and then they take the other side.

Right now, nobody can get their hands on it … I’ll have details in the days &

weeks to come on how my readers can get the algo, so stay tuned.

Ok, pulling the plug on this disaster of a day a little early … there’s nothing here

folks, and risking $200 to make $20 makes little sense, especially given the wall

of selling above us … if we get a halfway decent break we’ll get a buy signal

… but in this shit chop we find ourselves waiting for the FED? … nah, it doesn’t

make sense from any angle you care to spell out … let’s face it, today’s

worthless. Gee, can’t wait to see what tomorrow, on a Friday, looks like? … more

than likely UGH!, but we’ll see. I’m outta here … until tomorrow mi amigos

… Onward & Upward!!

Have a great day everybody!

-vegas