WHAT A JOKE

 

“Name your market, it’s “Pump & Dump”, rinse & repeat … what else is new!?”

All you can do is laugh at “Stock Bellies”, as the overt manipulation to levitate

the “Tulip Bulb 30” in the face of screaming higher interest rates, higher

corporate taxes if Grandma Yellen gets her way, and another Boeing jet engine

blows up over Denmark, but “no worries” in the modern day clown show

… meanwhile, crypto gets taken out back and “monkey hammered” … “wait,

aren’t BTC & the other crypto pairs always supposed to go up”? … and just when

I thought I had seen everything, here comes the Turnkey scumbag LP’s in

BTCUSD with an almost $1,000 bid/offer spread down at the bottom … I saw it in

the 900’s briefly … what a deal, what a deal! … you know, honest & fair pricing

and all of that.

Not that it was that much better other places … the PHEMEX platform went down

for about 4 minutes at the bottom in BTC … they deny it, but I know what I see

when I see it … can’t tell you where there BTCUSDT [cash] or BTCUSD [perpetual

futures] spreads were at … and natch, when the platform comes back on BTC is

about $4000 higher in less than 4 minutes … of course! … “can’t have the Plebs

buying it down near the bottom now can we”? … doesn’t matter where you go,

they find a way to fuck with ordinary traders every chance they get … why

should PHEMEX be any different?

And speaking of modern day evil, when the PHEMEX platform was working,

“The Syndicate” takes the algorithm trades in Cardano [ADAUSD], and we’re

UP APPROXIMATELY 1.8%

If we had had a functioning platform, it would have been a helluva lot better than

that, but just short of 2% for the day can’t be sneezed at, especially considering

the “monkey hammering” that took place before “Stonks” opened.

At Turnkey, well what can you say really? … silver & gold pathetic and the DOW30

now straight up 9 M30’s in a row, after getting beat up overnight … higher interest

rates & taxes? … who cares when the “Plunge Protection Team” [PPT] is bidding

Stonks, walking it up the hill slowly to screw with all of those shorts from

overnight … “Dump, Pump, rinse, repeat, you know the drill”! … No trades in the

Turnkey PAMM / MAM today simply cuz 1) I don’t buy rallies in indices, and

2) please reread #1 … what an embarrassing day for traditional markets, a veritable

flaming bag of manipulative shit … can’t have any of the elites losing money on

Stonks … good grief, what a clown show.

Excellent bid/offer spread over at PHEMEX IN ADAUSD spot … I went over to that

pair very early when BTC started to get “funky” and the spread was already

blowing out … there is no spot trading in DOTUSD, so Cardano [next to BTC] is

one of my top picks for trading.

… outta here somewhat early today, cuz I can’t take the mental abuse of

Turnkey’s manipulative markets another second without throwing up … until

tomorrow … “the future’s so bright I need sunglasses”!  😎 … Onward & Upward!! 

-vegas

THE “DUMP & PUMP” PONZI SCHEME

 

“I opened an account, and … AND IT’S GONE!!”

ALL markets are manipulated by somebody … the “FREE” markets like crypto by

the “whales” and they do it for profit , and every other market by government

manipulators hell bent on destroying specs, while enriching scumbag LP banks,

which shovel some “skim” to the POLS, Apparatchiks, & regulators

… government does it for the “skim”, and to keep the grease rolling along … they

could care less about anything else … how else do you explain, that after a

decade+, JPM who has been fined for precious metal market abuses to the tune

of OVER $10 BILLION DOLLARS, is still in business? … over that time they’ve

made over a TRILLION, so do the math Skippy … “nothing to see here Sheeple,

move along”!

Eric Sprott, of Sprott Metals, calls it the “Comex Con Game”, and regular readers

here have heard me use this term before, usually in gold, but even more prevalent

in silver … what many of you don’t realize, is that they do their “pumping” and

then “dumping” over different time zones split between the 3 major sessions

… this way, as an individual trader, you’re not around to take advantage of the

“Dump & Pump”, unless you’re a meth addict that never sleeps … on the other

hand, bullion banks simply “pass the order book” to the next time zone, and it’s

as seamless as slipping a hand into a glove … this is why there are so many

sessions where the “loser formation” takes hold, and if you get caught in one of

them, you have no chance to make the money back anytime soon … then it’s

simply rinse & repeat ad infinitum nauseum to your detriment.

Today is another useless POS trading day cuz it’s “NFP Friday” … big whoop

… another lesson in make believe math from the SJW whiz kids over at the

Department of Unicorns & Fairy Tales … quite literally, it’s all bullshit and

everybody knows it, but banks get to make believe it matters to screw orders

from the first minutes after its release.

Over in crypto land, the alt-coins are flying high … all of the 5 I track are showing

big gains from weeks ago, while ETH & BTC become the crypto equivalent of FX

majors and diddle fart around via “whale” manipulation … today sees ATH’s in

some of these pairs, and the basis [perpetual futures - spot cash] has widened

considerably … in DOTUSD, the basis is around 10 cents … a few days ago it was

hanging around 1 cent … use my link above, and go over to PHEXMEX and check

out what you’re missing … those of you still trading [if that’s what you call it] FX,

you’re missing the boat completely.

I’ve said before, these NFP Fridays are some of the worst trading days you can

run into, cuz most of the time it’s “hurry up & wait” to get to the number, and then

it’s bullshit chop into the weekend close … why should today be any different.

One look at either the “Spoos” or silver, and you know what I mean … both

drifting to nowhere and chopping traders up inside small ranges since the

European open … silver a little more volatile, but all everything is, is nothing but

trapping longs, then shorts, and scalping them for a few pennies before they do

it again … there really isn’t any sustained movement anywhere … the “Spoos” a

frickin’ joke, where ugly news means MOAR! Gubermint handouts and CNTRL-P

machine bullshit … and with the Communists in charge, what’s a few more

trillions of dollars heaped onto the pile of debt that grows exponentially by the

minute? 

I didn’t do any trading today in anything … for “The syndicate”, I plan on some

weekend trading, to make up for today, and if either silver or the “Spoos” broke,

I was looking to BTFD … well, that didn’t happen, so here we are, another

bullshit NFP Friday … who’s surprised? [Not me!]

THE MODIFIED TUNNEL TRADING [TT] ALGORITHM is coming along, and the

manual will “probably” be done by the end of next weekend … I’ll be working on it

this weekend while watching DOTUSD, or maybe one of the other favorite pairs.

… outta here … until Sunday’s blog update, I’m full steam ahead!

… Onward & Upward!! 

-vegas

OUCH!

“And suddenly, gold goes tapioca!”

Well, that didn’t take long … what Mexico problem? … and gold does the

obligatory hiccup lower … any bets on whether or not the scumbag banks had a

heads up from Team Trump before the announcement?

The “Chuckleheads” find themselves underwater on gold longs, so they puke,

and we start the day with a $10+ range, yet again … which of course, begs the

obvious question, “what’s left for the New York session”? … about 95%+ of the

time, not usually much … we’ll see.

Mid morning in New York, and while the news keeps accumulating / mounting

evidence of a worldwide depression in the works, you wouldn’t know it from

financial markets, where “friendly” manipulation keeps the waters calm … buy

MOAR! Gold, for it’s part, ruined [so far] by the $10+ range put in before anybody

showed up … what’s left? … NADA is what’s left [usually]. So, here we drift on

spikes from hell … “ahh, good times” ...what a pile of shit the trading biz finds

itself in, where they got nobody to blame but themselves for climbing in bed with

government.

All this from Mexico? … seriously? … cuz from what I’m seein’, all I get a sense

of is manipulation … higher for stocks, lower for gold … you know, the “risk on”

scenario is back and the water is warm … what can possibly go wrong? … and

in this environment, nobody really wants to buy it now, but nobody really wants

to sell it either [gold that is], and that leaves everything up to our not so friendly

scumbag bullion dealer banks, who somehow find a way to slightly widen the

bid/offer spread, and hand out “slippage candy” on fills cuz of all the volatility

... Bwahahahaha, it’s only funny when it’s somebody else’s money! Of course,

the really bad news for traders, is that if you make a trade and lose, how are you

gonna make it back in this stink bomb of a market today? … so far, there is no

way to make anything … and that’s great news for the scumbag bullion dealers.

We started the New York day off with a classic “dump & pump”, and since that

clusterfark, gold hasn’t moved ± $2 from 1328 … still some time left to get

“monkey hammered”, but there isn’t any real buyer interest … well, that was a fun

7 day bull market that ended in tears … chalk up another “victory” for the banks,

as once again a whole group of traders/investors learn from experience the

lessons of the “Comex Con Game” … my my, do things change in a hurry. Right

now, you’d have better odds winning powerball than seeing gold above $1350.

Bulls are trying to stem the tide to lower price, but the relentless selling as

stocks edge higher still, cuz “Everything Is F-ing Awesome Baby!”, simply sees

gold limp lower. And although today’s range is about average, the New York

session sucks … this is what happens when you come in with a $10+ range

…  how many times do I have to remind people of this? Quite frankly, this is a

piss poor excuse for a market … not that anything else is doing anything, cuz

there’s nothing going on anywhere … even oil is quite on this Monday.

No new algorithm buy signals today … not surprising considering the complete

lack of any trading action, notwithstanding the efforts of the scumbag LP’s to

spike price up/down with zero follow through … there isn’t anything to do here

… period … oh, except to lose money chasing Unicorns.

Hopefully tomorrow is better … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas