THIS PLACE NEVER CEASES TO AMAZE

At least I got breakfast in, but when I went to my screens to trade, about 1

minute later the electricity goes out  … seems the “Incompetents” have to

upgrade the system before hurricane season starts June 1 … don’t have any

diesel for the generator cuz it ain’t hurricane season and what’s the point?

… sure, could go on over to Mickey D’s and hop on their internet, cuz they

got their own diesel generators when shit goes dark, but then realize that the

entire parking lot will be full of cars from ExPats doing the same thing, all

sharing one tiny router … fugetaboutit!, I’ll just wait it out playing with the dog

and not let Caribbean shit like this ruin my day.

Finally get back up and running around 3 PM EST, nobody who works here

does anything after that don’t kid yourself … from the looks of things from

the m15 and m1, algo signals in gold did exceptionally well, but it’s hard to tell

when you’re away from live action … chart bias always enters the equation and

nobody wants that … onto tomorrow.

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

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

-vegas

7TH GRADE SNOWBALL FIGHT … PART ii

 

“And this is what goes for “war” now? … lob some scripted missiles!!?”

Imagine if this horseshit were in WWII … who is lucky enough to be in Hitler’s

press corp? … would they ask what his favorite flavor of ice cream is? … and

so here we go again with another bogus “the world is coming to an end, sell

Mortimer, SELL!! … WELL IT APPEARS, NOBODY GOT HURT! … what a relief

to the hordes of Libtard Journos who think war is somehow just a photo op

for propaganda … I’m so old I can remember when war was for killing and

breaking things” … and once again, overnight the sellers get stiffed and made

to look like Chumps!

Meanwhile my annual physical, always a pleasure for any guy over the age of 35,

went off without a hitch … sure, you know it’s coming, but that doesn’t stop them

from putting on the gloves that look like they’re gonna deliver a calf out on the

farm … from my perspective, that’s what it looked like … cuz nothing, absolutely

nothing beats the experience of a prostate exam … that was so good, can I get a

second opinion from another Indian doctor here? … and when I sarcastically

asked the nurses where’s my tootsie roll lollipop for being a brave little soldier, I

am magically informed that’s only for big boys who don’t B.I. Itch and moan all

the way down the hallway back to Mommy … “well, that’s easy for you to say

… I’m hoping the mental scars heal by this time next year!"

Is there anything left on the order books for a Friday after first killing longs and

then destroying shorts? … after this bogus WWIII clusterfark you got to wonder

if anybody wants to play trading today, or just go home for the weekend and ask

themselves why they stayed up all night to get the shit beat out of ‘em? … time

would have been better spent watching “Brady Bunch” reruns and WNBA

highlights … asking for some friends … we’re about to find out.

As we lurch to the criminal, money laundering NYSE open, crypto getting some

heartburn slightly lower after basically 5 hours sideways where no headway was

made to the upside … and if you can’t take it higher, disappointment always sets

in and traders will attempt to take it lower … sometimes it works, many times it

doesn’t and in that case you get chopped to death buying breakout tops and then

selling breakout bottoms or vice versa … in any event, not a good scenario when

things are tight and getting tighter … markets have done a complete 180 from 48

hours ago … ultra bat shit crazy [BSC] to are we open?

Now into mid afternoon in NY, and nobody but nobody wants to play … it’s the

human psychology factor at work on a Friday where earlier first longs, then

shorts, got hosed in about as record of a time as you can possibly have … not

just crypto but everything … however, I would note crypto loves to follow and

mimic the NDX100, and the darling techs have been down now 6 days in a row

[including today], losing some 1,250 index points, or roughly 6% in value

… while they won’t usually go tick-for-tick, it’s tough sledding for ETH to move

higher when tech “Stonks” are getting beaten like a baby seal at a Japanese

whale hunt.

So we go from mind blowing bat shit crazy [BSC], and then walk into today and

the entirety of the NY session is about $55 in ETH? … WTF? … and while there

were some algo buy signals, albeit very weak in scope and nature, unless

“Stock Bellie” can regain some upward “FOMO & MOMO”, who wants to be

stuck in ETH begging for price to get above your buy so you can make $0.19?

… and that’s if you’re lucky and they don’t rip the shit out of your order with

slippage … been at that rodeo and don’t want to play for meager gains with the

same risk … all-in-all, simply a shit day … back to those “Brady Bunch” reruns

… so no trades today, not cuz I wasn’t tuned in … Hell, I was “locked & loaded”

… it’s cuz there was no real market today in the NY session, with about the worst

chop you could imagine … blog update on Sunday … cya then!

… 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

 

NOTHING BLINDS LIKE PSYCHOPATHIC ASSET BUBBLES

 

“The current state of BTC & ETH!!”

With government sprinkled “Holy water”, let’s grow all of the asset bubbles! … as

I said yesterday, it’s the only way out of the economic mess they themselves

created … instead of fiat to zero and then pay it back, it’s just the reverse

… grow the bubbles so that debt looks cheap to buy back … and here we go!

… so far early today, BTC looks to take out 70K, something a month ago would

have seemed like “crazy talk” … ETH looking to vault 4K, and the “buy early”

crowd cuz ETH doesn’t have ETFs yet [maybe Summer, maybe not, who

knows?] … all systems are “GO!” to grow the bubbles … those with assets

benefit, those that work for a living don’t … nothing new there in the FUBAR

Banana Republic world.

With another $150+ blast higher overnight in ETH, just another day coming up

in NY, where we can sit and do absolutely NADA in terms of trading action

[maybe] … although it’s early yet, market acts like it will never go lower again

… and the higher it goes, the more money that gets thrown at it … human

psychology dictates this won’t end well.

I find it fascinating that both gold and the “Stock Bellies” are acting as badly in

terms of trading action as they are, given their respective price levels … both

stink to high heaven … ETH is about 50% higher than gold, has a comparable

bid/offer spread [gold about 35 - 40 cents, and ETH less than 50 cents most of

the time], and HAS ABOUT 4X HIGHER RANGE AND MEDIAN THAN GOLD, AND

TRADES 24/7/365, and is not manipulated by the COMEX / LBMA / FED / BIS

Corruptocrat cartel … and most days gold is dead … like it or not, and most

don’t, ETH BEATS THE HELL OUT OF GOLD AS A TRADING VEHICLE HANDS

DOWN! … ‘Stock Bellies” [any of ‘em] can’t even move 1% of notional value

they’re so manipulated … they’ll grow as bubbles cuz the FED wants them to,

but what you can’t control will grow exponentially faster and go farther!

Going forward into 2024 and beyond, it’s gonna be a constant battle of human

psychology [GREED & FEAR] versus the unspoken desire of “grow the bubble”

as fast as humanly possible, and I wouldn’t be surprised at all if central banks

are also buying Bitcoin & Ethereum with both hands [Shhhhhh, don’t tell

anybody!] … after all, they got fiat to pay back somehow, so why not pay it back

when BTC is at $10 million per 1 BTC and/or gold at $50K per OZ.? … and in

addition to that, all their Bud Elites will get richer in the process … what’s not

to like? … except for the working poor, of course, but who in government

gives a fuck about that? … while they make Billions, they know Sheeple can

be bought for pennies on an EBT card.

Into the NYSE day, and everything is blowing up … BTC hitting a new ATH, and

right along with it higher spread and of course slippage will be horrific on fills

… gold and “Spoos” in their respective “extend & pretend” market [cough,

bullshit, cough] hoopla, with neither doing much of anything now that NY is in

session … blow the bubbles up, protect them in New York, then blow ‘em up

some more … get the ChiComs to help of course, and what’s not to like here?

… with the implicit “open secret” of government blowing asset bubbles to

infinity [they got no alternative], no telling how high FOMO can go before it all

crashes & burns … we’ve never ever seen this before, so who knows? … what

do “billions” even mean any longer?

I’m replacing BTC with XAUUSD [spot gold] for PAMM trading … BTC at Coinexx

is simply not worth the effort, as the spread blows out too often [today sees at

times $50 - $100], and slippage is horrific [add another $100 … WTF!] … right

now ETH is better than gold for trading, but how long that lasts is anybody’s

guess … with a new ATH in gold WITHOUT a drop in rates, and in fact rate CUT

expectations have done nothing but come down over the last 2 months, and the

Uniparty doing their best to print fiat and depreciate the dollar, gold might have

a shot at trading better going forward … we need better ranges & medians for

sure, so we’ll see … the gold “vegas mq4 code” is over in “Download Links”

… currently RM= 3 & 4 on the m15, and RM=1 & 2 on the m1 … not saying I’ll

trade gold every day, but it’s on the list to be looked at when I come in for the

start of my day … right now, ETH is first, gold would be second, and bringing

up the rear with what can only be described as pathetic, is the “Spoos”.

And suddenly, markets get heartburn an hour before lunchtime EST … and

wasn’t that fast? … sell stops unmercifully butchered … no matter say

HODL-ing longs, “tis a mere scratch!” … and with this blunt instrument trauma

to the head, I’d be somewhat surprised NOT to see lower prints tomorrow for

BTC & ETH … even with this sell off, ETH up 7 trading days in a row, and a

stunning 18 out of 21 trading days approximating $1,500 in gains from bottom

to top … trees only grow to the sky in fairy tales, and while there’s most likely

a Helluva long way to go before we reach any kind of big blowout historic high,

FEAR & GREED [as mentioned before] have to be considered along the way

… bigger money needs to buy at lower price, and retail specs ALWAYS fill the

bill … always have, always will!

Now into the NY afternoon, and unless we get another tsunami wave of selling

later towards the close, as things now stand, BTC with about a 10% move low

to high, ETH about 8%, gold about 1.5%, and “Spoos” a hair over 1% … for you

Biden voters, considering spread and minimal slippage, that makes ETH the

clear winning market for trading action … the one disadvantage is the low

leverage versus gold & “Spoos”, but hey nothing is perfect now is it?

… multiple trades for the PAMM today in ETH, and for a while it looked like

just another day of bullshit one-way action, but corrective activity came along

and WE’RE UP SLIGHTLY … made back all of the loss from the BTC clusterfark

fills on Friday, plus some, so we’re up for the month going forward … hopefully

with some “profit taking” [thank you Bob Pisani, CNBC perma bull hack], the

rest of the week will give us better opportunities than what we’ve seen recently

… we’ll see … onto tomorrow!

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

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

-vegas