JOYOUS EASTER HOLIDAY BLESSINGS TO ALL!!

 

“OK, where’s my deli roast beef!!?”

Most markets closed today in observance of Good Friday, although crypto never

closes for anything, and how would you even know if FX were open or not the

action is so pathetic? … in addition most of the world, excluding the Banana

Republic, will observe Easter Monday as well and be closed for that … all in all

a happy occasion for world traders as many will take a 4 or 5 day vacation

… some will take off all of next week.

As you would expect with most everything closed, and no earth shattering

headlines outside of P. Diddy and his budding troubles, crypto is relatively

quiet … but it is crypto, and as everyone should know, the only rule in crypto

is there are no rules for crypto, so anything can happen when volumes and

liquidity are somewhat light.

That was some close yesterday in gold … approximate $48 daily range, and a

final NY session range of about $33 … this is exactly what I’ve been saying we

should be roughly seeing for gold in NY [8 AM EST - 4 PM EST] given it’s price

of over $2200 per OZ. … SOMEWHERE IN THE 1.25% - 1.75%+ price movement

is a rough historical norm … give it a few more months / years, and with the

Dipshits the Banana Republic calls “leaders”, gold will continue to climb while

the ranges expand, and it probably won’t be that long before gold surpasses

the price of Ethereum [ETHUSD] and we get routine daily / NY ranges easily

above $100 per OZ. … “that mi amigos will be quite the shitshow circus

watching the FED / COMEX / LBMA / BIS gold cartel try and micromanage the

price as other exchanges in other countries take over the biz of trading

… especially physical spot trading we are seeing growing by leaps and

bounds in Shanghai, Moscow, and Dubai to name just a few”.

Many of you, especially those who live in the U.S., think the CME micro gold

futures contract [10 OZ. = 1 lot volume] is a good alternative to the LBMA

XAUUSD spot market … IMHO, I COULDN’T DISAGREE MORE! … depending on

the day and how active gold is, the LBMA consistently does 50X - 100X larger

per OZ. volumes than the CME … you aren’t gonna get any “deals” at the CME, I

can assure you of that! … and who is it that are the major players doing “arb” biz

between the LBMA and COMEX? … that’s right, the LBMA members … the CME

is 10 OZ. per 1 lot … LBMA can be traded in 1 OZ. increments … margins at the

CME are a helluva lot higher to boot! … but perhaps, depending on your

perspective, the most important detail is ZERO 1099 REPORTS TO THE U.S.

IRS ON ALL OF YOUR TRADES AT OFFSHORE BROKERAGE HOUSES THAT

SUPPORT LBMA GOLD TRADING … THERE IS NO REPORTING OF ANYTHING

TO GOVERNMENT AGENCIES, simply cuz the jurisdiction the brokerage house

operates in has no requirements for doing so, and the local government could

care less … you won’t find any U.S. domiciled brokerage house trading XAUUSD,

CUZ THEY CAN’T OFFER IT TO ANYBODY WHO RESIDES IN THE U.S. OR IS A

U.S. CITIZEN … which is fine, fuck ‘em who needs ‘em? … plenty of places

offshore to go and trade XAUUSD.

The biggest factor, IMHO, as to the bullish sentiment going forward are the

ChiComs … 1) we all know the ChiComs want [and will at some point] fully back

the Yuan with gold convertibility, and thus the need for ever increasing amounts

of physical gold to do just that … 2) already, China has cozied up to both the

Ruskies and Saudi Arabia, and is actively paying for crude oil with gold through

Shanghai settlement … they use the Comex to buy futures and swap via the EFP

[Exchange For Physical] portal and take delivery, and then convert that gold for

settlement for oil, thus receiving in the end more Yuan … and 3) the ChiComs

are enthusiastically extolling their billions of people to buy gold as an investment

… I guarantee you, every ounce of gold that hits China, from Swiss refiners or

wherever, will never see it leave the borders! … if the Chinese people want to sell

their gold, they’ll have to do it through a state owned bank and receive Yuan … it

ain’t leaving the country … and so it begs the question of why would the ChiCom

leadership stiff their own people and get them into gold ownership and then stiff

them? … they may be ChiCom thugs and murderers, but they ain’t stupid! … and

that means gold price corrections, when they come, should be shallow cuz of

the solid support from the PBOC and other central banks … the FED can play

all the games it wants on this side of the pond in attempting to suppress price,

even using the BIS to borrow gold to sell … but that gets gobbled up “el mucho

quicko”, and now what? … “hey Spicoli, got anymore of that there gold to sell?”

… and don’t forget, the Banana Republic is borrowing $1 TRILLION DOLLARS

EVERY 100 DAYS!, and supposedly the economy is humming along just fine

[sure it is] … imagine the level of borrowing if a deep recession or depression

comes along, which it surely will!

Interest rate cut expectations since the start of 2024 have been almost 100 bps

… under historical normal circumstances, that would be sending gold lower in

price … Whoops!, curve ball time! … it’s almost impossible for the Lounge

Lizards to raise rates, cuz doing so brings the end game of the “house of cards”

crashing down into a depression, where rates would then have to be cut quickly

and drastically … where does crypto and gold go then? … it sure as Hell won’t

be lower … at some point the U.S. population panics “bigly & yuge”, and the

rush to preserve and protect wealth will see gains never before seen on both metals

and crypto … one look at the Uniparty in “The Swamp”, and it’s about as close

to a guaranteed event as you can get … just remember what I have said before

… “It’s better to be 10 years too early, than 1 day too late!” … if you can’t see

the hurricane clouds on the horizon, you are either blind or delusional.

With gold closed today, I turned my attention to ETH … it had one chance today

to break higher and blew it … out of the NYSE gate for the first 15 minutes came

the small rally … that opening m15 high never got broken to the upside … after

75 minutes of chop, it broke down and the ZLMA, period 15 turned from white to

hot pink, signaling weakness in price … and down goes Frazier! … now into the

New York afternoon ahead of a Holiday weekend, I want no part of this thin

volume zero liquidity playground … blog update on Easter Sunday, and yes

Sparky the wonder dog got his deli roast beef for posing for an Easter Good

Friday pic ... he's now a happy camper!

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

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

-vegas

THE START OF A NEW INFLATIONARY CYCLE HAS BEGUN

 

“In 5 years or less! … the Banana Republic is about to go Weimar!!”

Historians have noted, that a caving FED Chairman [Bill Martin] did the same as

Spicoli, when in 1965 he caved to LBJ, cuz LBJ wanted the FED to print cheap

money to finance the Vietnam war … the inflation that caused lasted a little less

than 20 years and didn’t end until Reagan became Preezy … how many hundreds

of times bigger is government now than back then … this new inflationary cycle

will be many times worse than anything you can think of, and may end the

Banana Republic as you know it … my prediction? … “Within 5 years that $100

bill will only buy you a loaf of bread! … you keep returning the “Uniparty” to

the Clown College, and voting for Marxist Libtards for Preezy, and somehow the

laws of money will remain the same? … Keep dreaming!”

Well now, that escalated quickly didn’t it? … the Lounge Lizards playing

“good cop / bad cop” … Spicoli the “good” cop, now comes Williams the “bad”

cop saying March is too soon to be cutting rates … and down goes Frazier!

… what a bunch of fucking nobody LOSERS who haven’t a fucking clue what

they are doing, except to create unnecessary chaos … retarded kittens on meth

could run monetary policy better than these Assholes! … EXIT QUESTION: “so

why didn’t Spicoli say this shit in his presser on Wednesday? … why the

good cop / bad cop bullshit? … who benefits from this game you’re playing?

… they need to be called out by the financial MSM hacks on North Korean run

CNBC, or Dumbberg, BUT WON’T! … call out the FED and you lose your job!

The phone lines must have been burning up with major banks screaming at the

FED to do something to stop this freight train higher in pretty much all markets

… remember, what is bought is sold to you by scumbag banks … Spicoli’s epic

“flip flop” has left the banks mucho short … well, trot Williams out for the splash

of cold water on everything that is hot, and it ends “el quicko mucho” … this is

how modern markets work, and it being a Friday with record history OPEX

[$3.1 TRILLION worth], and gains from Wednesday at a minimum, it’s a perfect

recipe for corrective activity to the downside … no need to ask who benefits!

And once he opened his mouth and said exactly the OPPOSITE of what Spicoli

said on Wednesday, it’s look out below … Cable gets monkey hammered of

course, gold gets battered of course, and given the dynamics of his comments,

who wants to buy anything now? … the problem? … these Assholes have no

credibility left … LESS THAN ZERO! … by next week, Williams will have changed

his mind about 15 times, and echo Spicoli as ALL of the Lounge Lizards get the

hymnal in the choir … simply looking at a daily Cable chart. It’s easy enough to

see it needed a rest with some corrective activity anyway, but the FED PIE HOLE

decided to give it a push off the cliff just to make certain his buds at JPM, Squid,

and all of the other virus scum on Wall Street got their correction and their books

squared away before the weekend … what a crooked pile of dinosaur shit! 

And this is how things are done in the modern era of central bank manipulation

… “If I went back to B-school, any chance they’d be teaching this?”

… Bwahahaha … and once it became patently obvious of what was going on,

there’s no way I want to be on the buy side of Cable today, or buy cheap gold

that’s gonna be cheaper still in 5 minutes … none of this shit has anywhere to

go on the upside today … No trades for the PAMM today in Cable.

Especially now, when we know with 150% certainty that these shit weasels will

change their mind at the snap of their greasy fingers, and end up screwing you,

that you have a reliable schedule of when they are to speak … Market Watch is

just the place. Directly below the link at Market Watch [MW] for the most reliable

calendar for FED speakers.

https://www.marketwatch.com/economy-politics/calendar

I always check them to see when these shit weasels are gonna flap their PIE

HOLES … forexlive.com is good for econ data, but often times they miss FED

speaking engagements … today a perfect example, cuz they missed Williams

appearance on North Korean state run CNBC. If you’re trading ANYTHING,

before you start your day, ALWAYS check the schedule and make sure you are

out of the market when these Dipshits speak, CUZ NOBODY KNOWS WHAT

HORSESHIT THEY’RE GONNA SPEW FOR THEIR MASTERS ON WALL STREET!

So going into his appearance on CNBC I was flat … Cable looked to be

bottoming after Europe took it lower, but I didn’t bite minutes before he spoke

cuz I know the damage these Ass Clowns do to any market that is highly

sensitive to interest rates, and Cable is near the top of the list! … and once it’s

over, it’s the “Loser Formation” until the London Fix, and then when JPM and

the boys take over, it’s pretty much right down the stairs … I want no part of this

as a buyer.

“Arb Scalps” have disappeared … over in crypto, looking at MATICUSDT, light

premiums all day long in the “Basis”, but nothing you can “hang your hat on”

as they are to skimpy … ranges in crypto from early AM simply awful

… MATICUSDT with an approximate 300 tick range … you know interest is

lagging when MATICUSDT is quoting a 1 tick bid/offer spread at Phemex when

it’s usually between 7 - 12+ ticks normally … whew, this stinks! … and so, no

trades for “The Syndicate” today cuz nobody in crypto really wanted to play!

… 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

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