WTF IS THIS?

 

“Dorothy has thoughts about gold!!”

Once again, the Asian session sees the good action, and the rest of the world

gets NADA … what level of trading Hell have we wandered into today via gold, on

this second worst day of the month to trade? … [the first being NFP Idiocy Day]

… can’t rally can’t break, but it can chop … now into the New York afternoon, and

5 hours of bullshit chop inside an approximate $6 range, with a quick trip above

1880 just to trip off buy stops for the unwary … quite frankly, this is the type of

day I thought we’d see on Friday after NFP, and Friday’s action slated for today

… ZH had a post about Vampire Squid turning bullish on gold for 2023 as the

catalyst for Friday’s decent up move … really? … this is the same firm that

predicted crude oil at $150 for the end of 2022 … how’d that turn out Muppets?

… so no, I don’t think it was the Squid that made it move.

An attempt to move lower cuz buying has dried up, sees some support at the

1869 - 1870 level … frustrated longs no doubt wanting to get out of Dodge City

… oh boy, we now got a $10 - $11 range for the New York day, with all of it pretty

much to the downside … occasional light pops higher, but they got no legs … not

that the downside has any legs either, things pretty pathetic in terms of trading

action … so far, support is holding, and I get the feeling it will probably hold to the

end of the day … still, a lot of people already long, and quite frankly the last thing

you want to see is gold go parabolic to the upside … remember the last time that

happened about 11 months ago? … how’d that work out above 2K? … but we need

better trading action than this, although the “Trading Ratio” [TR] is slightly above

3, mostly cuz of the spikes skewing the 60 period MA high/low … the real TR is

below 3 at the moment.

The version 2 trading algorithm perfectly doing its job today … market action of

chop not allowing the algorithm to “sync” for signals, except for a couple of trade

signals for those aggressive traders wanting a quick scalp trade … quite frankly,

I don’t want that, simply cuz the spread + the slippage on red spikes down will

take away most if not all of your profit … and market action bares that out … $6 or

$8 ranges over multiple hours ain’t gonna cut it … gold needs to do better than

that … and it would definitely help if the TR was higher as well … today it isn’t.

No trades today for the PAMM in gold … just nothing to do as we were void of any

buy signals from the algorithm after the NYSE open, and before that open we had

no range to speak of and plenty of chop … the only action the day saw was the

open in the Asian session, where for a couple of hours Mrs. Watanabe & Gal Pals

shoved gold higher … from there, it didn’t do diddly squat the rest of the day

… now late in the New York afternoon, what do you do when it won’t move?

… that’s EASY PEEZEE, simply move onto tomorrow … good grief, what a pile of

bullshit this was … oh well, it happens and there’s nothing anybody can do about

it when it decides to sit.

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

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

-vegas

SUNDAY UPDATE: THE NEVER ENDING WALL STREET SCAM

 

“Same old shit, just a different day!!”

It never ends … it never WILL end … and it won’t end for one big reason … every

single POL, Apparatchik, & regulator has been bought … cash in a garbage bag in

the garage [pre-crypto days], OR BTCUSD in their e-wallet … they see nothing,

hear nothing, and spit out hilarious bullshit when pressed … “in other words,

the SGT. Schultz’s of the world”! … Grandma Yellen, who got paid millions to give

“speeches” [the new preferred bribe scam perfected by the Clinton Crime Family],

most notably by outfits like Citadel, is now in charge of “investigations” into the

Gamestop brouhaha as Treasury Sec., where Citadel is a prime suspect in shutting

down trading at Robinhood cuz of short position losses … no worries, they’ll find

some dope somewhere living in Mom’s basement to take the “hit” and then it’s time

to forget once again.

As I’ve said repeatedly here on the blog, JPM has been fined over $10 BILLION

DOLLARS over the last decade for precious metals futures violations … who’s in

jail? … why is the company still in business? … why isn’t management held

responsible? … give me one example of any customer somewhere who has ever

recouped a single fucking penny from JPM abuses, Or Vampire Squid [GS]

abuses … and in that decade of abuses, JPM makes over a TRILLION DOLLARS

… and the “skim” continues and nobody sees or hears nuttin’.

At least in crypto, I know who the manipulators are and why they manipulate

… and that’s to make even more money, unlike their government counterparts who

are in it to kill specs and feed the banks so the “skim” can continue forever

uninterrupted … crypto “whales” manipulate [mostly BTC & ETH] by increasing

volatility and running stops … government manipulators decrease and limit

volatility so the banks can feed off of chop … you wonder why FX never moves

anywhere anymore?

The good news is that FREE markets [crypto] are gaining in number of traders,

an abundance of new offshore brokerage houses offering plenty of market

opportunities, and a “middle finger” to governments everywhere with NO KYC

cuz everything is done outside fiat currencies and banking systems … and from

the ways things are trending, it’s only going to get cheaper & better for us as

traders … it’s like we’re back in the 1980’s again with volatile markets and no

government interference … seriously, what’s not to like? 

I’m guessing the manual for the MODIFIED TUNNEL TRADING [TT] ALGORITHM

will be done 2 weeks from now … worked on it over this weekend and it’s

proceeding nicely … you WON’T BE DISAPPOINTED!

… outta here … until tomorrow … Onward & Upward!!

-vegas

JUST ANOTHER DAY INSIDE THE MANIPULATION MATRIX

 

“Question is, can you feel the fingers!?”   

It’s all about the “skim” … over the years & decades nothing really has 

changed but the technology … names have changed, and the banks have 

replaced the “Commodity Cowboys” who used to run things, where the “skim”  

was executed by politically connected & protected brokers and their bagmen, 

and the money shoved upstairs … today, it’s the banks and their HAL9000 

multi million dollar computer systems, that front run EVERY order, thus 

insuring millions of times a day a few bucks gets plucked for the Elites that 

run things … from those that peddle the propaganda, all the way down to the 

guy dropping the garbage bag full of cash off in some Pol’s / Apparatchik’s / 

regulator’s / or large hedge fund manager’s garage.

After a while, every trader on earth seems sedated and numbed to the 

constant assault, but sooner or later comes around to the inevitable … “either 

learn how to defeat the manipulators, or they defeat you! … cuz quite frankly, 

we ain’t in Kansas anymore Dorothy, and what’s more important than winning? 

… not getting whacked as your first priority”.

Over the last couple of days, I read with extreme interest, about a court case 

involving Vampire Squid [GS] … it seems a very big client is suing them cuz 

he thinks he was defrauded by their HFT arm … his lawyers want to depose 

Squid’s computer programmers & Ph.D. mathematicians … why? … cuz it’s 

the programmers & math quants who can speak to the computer codes 

“INTENT” … what’s the purpose of this line of code, what is the firm trying 

to do here? … as expected, Squid vehemently objected and fought the 

subpoenas, and the trial judge ruled in Squids favor … the defense has 

appealed, and that’s where we’re at now, in the appeals process.

Squid says their proprietary algorithms would be compromised, and their 

secrets exposed, thus costing them potentially billions of dollars … the defense 

says they need the testimony under oath so that the developers can speak the 

truth as to the firms “intent”, as to the nature of the trades. Perhaps it’s a 

coincidence, but maybe Squid knows something the rest of us don’t, cuz from 

just recently released articles on ZH, Squid is “considering” leaving the 

trading business in commodities. The link directly below.

https://www.zerohedge.com/news/2019-02-05/goldman-pulling-back-ficc-

trading-after-abysmal-q4-revenue 

“Well, perhaps they’ve been tuned in to the above mentioned lawsuit, cuz as 

anybody with a brain would know, if they’re made to testify under oath, Squid is 

toast … the whole purpose of HFT is to front run customer orders and then 

prearrange the fills higher if buys, and lower if sells, than they would otherwise 

have gotten if the process was fair … and once the Squid domino falls, who’s 

next”? [Well, we can’t have that now, can we?] Imagine, a gold market free 

from the daily manipulations of the usual suspects? 

And so today as New York sees sunrise, we diddle around 1311 -12, with the 

usual accompaniment of spikes up/down, bullshit mystery ticks, and stop 

hunts initiated by the banks … nothing new under the sun … and everybody 

and their brother now considers it to be SOP [standard operating procedure] 

… does anybody even remember what an honest market looks like anymore?

Since we’re talking about buckets of shit, let me proceed directly to today’s 

gold trading … ho hum, another day caught in the “Flying Wedge of Death” 

[FWD], a scumbag bullion dealer LP’s BFF, where “MoMo” traders get their 

ass handed to them by whipsawing momentum back & forth for no reason 

… “well, to be fair there is a reason, just not one traders are gonna like, cuz it’s 

nothing but dealer manipulation front running orders the entire day on zero 

volume, even less liquidity, and no interest except those playing the MT4 

indicators game … which btw, will leave you poorer for the experience”.

Afternoon now in New York, and this day is a complete waste … so what else 

is new? … I have no idea what gets gold to move, other than some scumbag 

LP bank wanting it to move … news, “fun-der-mentals”, or anything else 

doesn’t seem to have any affect … “it’s nothing more than “whack--a-mole” 

with the banks, and that’s pretty much the whole enchilada”. What I do know, 

is that if gold gets above 1375, GTFO of the way cuz the potential for a price 

explosion is clearly present … until that time, it’ll be like watching the fattest 

kid in 6th grade running up a hill with his pants falling down … higher, but 

not pretty.

Sadly, nothing to do in another very tight range day for New York … about $6 

from the tips, which is pathetic given the news cycle, and almost every bit of 

that on the downside … like I said earlier, just another manipulation day 

inside another FWD, and add up all the “mystery ticks” up/down on dealer 

front running … it’s the only thing that makes the “Hoover Dam” thing move 

… so what else is new? And with that, I’m outta here … can’t take another 

second of watching this “shitshow circus” mystery spike theater … what these 

markets have turned into, some days makes me sick … these aren’t markets 

folks, these are illusions of markets cuz most people today don’t want to believe 

the truth … it’s easier to think otherwise … until tomorrow mi amigos 

… Onward & Upward!!

Have a great day everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

 

 

KNOW YOUR ENEMY

 

“Us versus the “Hoover Dam” scumbag TBTF & TBTJ banks!”   

In the history of the world, there has never been another time where a group 

of banks have held as much power or sway over markets … back in the early 

90’s, Wall Street kicked out the “Commodity Cowboys” from the world’s 

commodity exchanges, and turned them into their own little “piggy banks”, 

where they can do pretty much what they please. And while it’s been a tough 

ride in the oil complex, where you got players equally as big as the banks, FX, 

gold & stocks are a completely different story. In short, gold goes exactly 

where JPM, Squid, HSBC, and a few others, want it to go … which just 

happens to be where the ChiComs want it to go.

“Scumbaggery” at every level, from the front running of orders, spoofing, & 

other bullshit from exchange approved HFT’s [meaning they pay to cheat 

you], all the way to your fill, we now shrug with indifference to getting royally 

fucked cuz it happens so often … complain to the complaint department [the 

scumbag LP bank conduit, the offshore brokerage house], and all they do is 

shrug and say, “meh … get over it”. We’ve reached an overt brazenness, where 

they don’t even bother to hide it anymore, it’s now part of “accepted practice” 

… “it’s only accepted practice cuz everybody important in the food chain is 

getting their cut & being fed… and only when somebody doesn’t get their cut, 

that’s when we in the public start to hear rumbles in the background”. And to 

that end, today on ZH, a little “incident” involving Vampire Squid, the link 

directly below.

https://www.zerohedge.com/news/2019-02-03/i-have-never-experienced-kind-

immoral-behavior-bank-my-entire-life-goldman-sued

Years ago, this would be a major scandal … today, only a mention on ZH, and 

then it’s forgotten.

Which brings me to gold, where it appears the banks have permission from the 

ChiComs to take gold a little lower while they’re on vacation for the week. Sell 

stops, look out.

Today’s action in gold very anemic starting the New York session, no doubt 

some hangovers from the Super Bowl, but we’ll see if price goes higher cuz 

Europe went lower … this looks and feels like a slow motion train wreck at the 

moment.

And sure enough, while the cat [ChiComs] is away, the mice [scumbag LP 

banks] will play, and the market suddenly hits a pocket of some sell stops 

… “gee, this almost never happens” [cough, bullshit, cough] … and from there, 

it’s nothing but a slow crawl back up the steps, so that later the BOOM! can 

get lowered again … same old shit we’ve seen a million times before, where 

there is no real direction for price, but the banks click off MT4 indicators 

getting traders to buy/sell exactly at the wrong time … “cuz when you can 

track order flow, see the orders, know where the stops are, and the government is 

there to backstop you with “CNTRL-P” if you need it, you become immune from 

being held accountable for complete “scumbaggery” by exchanges, regulators, 

and anybody else for that matter, and shoving a market on “vapors” is a slam 

dunk”. KNOW YOUR ENEMY!

These last few months, I’m running out of adjectives to describe gold … none 

of them good … today a textbook example of our enemy controlling a market, 

and if you decide to go out and play in this clusterfark, odds are very strong 

you’ll wish you hadn’t … for the umpteenth million time, there isn’t any  

“here” here … no flow, no volume, and even less liquidity … nothing but a 

front running trap guaranteed to get you a shit fill no matter what you do, and 

then your stuck in something that refuses to move or trade … and it’ll be 

worse getting out … quite frankly, this sucks today … you’d have better luck 

and get a better market fill from trading dry milk futures … back month 

… this is some of the worst trading action I’ve ever seen non Holiday … so, we 

wait, simple as that, cuz I’m not handing these scumbags money.

No trades today in the PAMM, cuz there’s nothing to do … a little up, a little 

down … a few spikes up, a few spikes down … here in the NY PM, we’re $3 

from where we were 7 hours ago. I’m really hoping the whole week isn’t 

gonna be like this with China closed.

Onto tomorrow … we’ll hope for the best … I’m outta here … until tomorrow 

mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!