ANOTHER BIG DAY FOR UNOFFICIAL OFFICIAL LIES

 

“Inflation is THEFT! … nobody does it better than DEM Libtards!!”

Most important econ number evahhhhhh!, gets released today by the “can’t get a

job in the private sector”, math whiz kids over at the “Brothel of Labor Statistics”,

which is simply a Goebbels subdivision of the Department of Unicorns & Fairy

Tales … cuz you know what you need Skippy? … you need government to tell

you what the consumer inflation rate is, cuz you’re to frickin’ stupid to even know

what day it is and you need their help … strip out of the inflation equation

everything of importance in your life that matters, like food, energy, & health care,

and Biden and his sycophant Dopes will tell you with a straight face, “inflation?,

what inflation?”

Inflation, though, is blatant GOVERNMENT THEFT! … this idea that anybody or

any entity creates inflation is pure government propaganda … INFLATION IS

MONEY PRINTING, AND WHO IS IN CONTROL OF THE CNTRL-P MACHINE THAT

GOES “Brrrrrrrrrrr” 24/7/365? … the FED Lounge Lizards of course … and since

they’re all government Hacks & deserve Apparatchik status, they are the ones in

charge of making sure your labor is worth less & less every single month, while

at the same time expanding financial bubbles all over the world via money

printing … and as I’ve said before here on the blog, the first 140 years of U.S.

history, the U.S. had ZERO INFLATION CUZ THE DOLLAR WAS BACKED BY

GOLD AND SILVER … since the creation of the FED in 1913, and up to the end of

June 2023, the inflation rate for the U.S. has reached 3,000% … and it’s getting

worse, worse-er, and worse-er-er-er by the day / week / month … these

Apparatchik Assholes are destroying the middle & lower classes in the U.S. AND

THEY KNOW IT! … it’s been the plan all along, it just takes time … cuz what

comes more natural to government than blatant theft of your wealth & prosperity

for the sake of “the children”? … but no worries, typewriter ribbon, pencils,

horse shoes, & buggy whips have all fallen in price, so that’s a relief.

Well, that escalated quickly didn’t it? … gosh, inflation surges higher, who could

have ever seen this coming? … the Banana Republic is so fucked it’s not even

funny! … and if you think it’s bad now, just wait ‘til the CNTRL-P machine goes

full retard “Brrrrrrrrrrr” again, and fiat borrowing skyrockets further to satisfy

the “Free Shit Army” and their demands go into high gear … and a recession /

depression will only mean much higher Treasury borrowing and resultant

inflation … and that means it’s about time for the financial bubbles to expand

like never before!

And yet, you wouldn’t know any of this if you came from Mars and just watched

gold … attitudes towards gold are completely insane … only “real yields” hurt

gold, not nominal yields that are entirely eaten up via taxes and inflation … add in

those 2 factors, and your pretend yield from Treasury paper represents your

STUPIDITY in giving government FREE MONEY while they use current

purchasing power for their own benefit, and pay you back with far less … quite

frankly, it’s GUARANTEED “I lost money, WTF did I do this for?” … and in case

you missed it, here’s a link from ZH that links to a podcast on the future

prospects for gold going forward, if you’re interested.

https://www.zerohedge.com/news/2023-09-12/expect-2500-3000-gold-next-12-

months

Quite frankly, I hope they are right, but not for the reasons you might expect

… sure, I’d love to see gold at +3K per OZ., cuz that would mean 1) a clean break

from FED control and manipulation from the “Rally Protection Team” [RPT], and

2) higher VIX, higher 20 Day Range MA’s, and more trading opportunities … what

isn’t clear, is whether or not the new HFT Coinexx uses for gold, will be willing to

maintain the 5 - 7 cent spread we see now … cuz if it plays out the way I think has

the highest probability, it’s a dream scenario market for us traders! … we’ll see

… and as well, which I haven’t mentioned before, are the trading opportunities in

silver with a ½ penny spread … and given the dynamics of silver, it should be

about 10X more explosive than gold and replicate Palladium when it took off a few

years ago … I’ll have the mq4 vegas code for support / resistance for silver on the

m15 & m1 for the MT4 this weekend on the blog update … with a ½ penny spread,

even considering this is the MOST MANIPULATED MARKET IN THE WORLD BY

JPM & HSBC, that routinely have over 50% of the short interest in futures at any

given time, it still moves enough that with this low of a spread it’s a viable

trading vehicle once again … right now, its NY session 20 Day Range is ~ 35

cents per OZ., down from a multiple month long range of around 45 cents per

OZ. … better range days hopefully dead ahead.

ECB interest rate decision coming tomorrow, and as a result, the entirety of FX

is on “pins & needles”, cuz guru analysts are calling a rate rise a 50/50 event … a

few weeks ago it was a slam dunk rate rise … so for the entirety of the day,

EURUSD with about a 25 PIP range, USDJPY not counting the utter insanity of

the first 20 seconds after the CPI release with about a 30 PIP range, gold weighing

in with about a $5 range … and just for shits & giggles, crude oil with about a

$1.25 range … mind you, this is over 6+ hours of mind numbing dullness, where

listening to doctors office music seems invigorating … I mean, how can this shit

they call “markets” [cough, bullshit, cough] get any worse? … and while I

welcome lower spreads from an HFT, what the manipulators have done to VIX

across asset classes is sickening … Hell, even crypto stinks!

Once again, and not by design I can assure you, no trades today in anything

… what the Hell is there to do when nothing moves? … and if it does move, and

you get a “false positive”, how do you make it back with little to no further

movement? … I thought maybe the CPI would move things, but even a miss with

higher inflation didn’t do Mr. Jack “Diddly” Squat … FED next week and that

means Monday & Tuesday up to Wednesday at 2 PM EST most likely will be a

“snoozefest” … dunno yet, we’ll see, but it doesn’t make me feel very good

about trading conditions given what we’ve seen this week … seriously, this

sucks … and gold? … $4 & $5 ranges I truly thought were a thing of the past

… apparently not … simply unreal the level of non interest … onto tomorrow.  

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

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

-vegas

WE DEMAND ALL OF YOUR MONEY!

 

“The PIGS in government are out of control!”

Idiots in government, but I repeat myself, desperate for cash to meet the demands

of a socialist agenda, are now contemplating taxing UNREALIZED GAINS on

assets so they can gobble up more of what you have to give to those who will

vote for them … brilliant! … like this will ever work, bwahahahaha! … just another

reason for crypto IMHO … “how you gonna tax me when you don’t even know

what I have, where it is, where it’s sitting, what crypto it’s in, when the entire

universe is made up of anonymous e-wallet addresses tied to NOBODY? … oh

really, I owe taxes? … on what? ...  prove it! … oh you can’t, then GFY and bother

somebody else”! … and as I have said for years, any dollar left in the “U.S. of

China” will someday be either taxed to death or outright confiscated for of course

“the children” … well, now that “Taliban Joe” & crew are running the ship into

the shitstorm, nothing you have is safe from government … NADA! … which is

why only fools and idiots have financial assets of any kind in the U.S. … and

while there are plenty of people who will ignore my warning, they’ll eventually

find out the hard way when it’s all taken away by government, and they’ll

have the audacity to tell anybody who will listen, “why didn’t somebody warn us”?

This so called “wealth tax” is an idiotic idea of Socialist Utopians, attempting to

access the untold TRILLIONS locked up in retirement accounts, real estate, and

“Stonks”, and now crypto especially Bitcoin … cuz if you “got it”, they demand it

to feed the insatiable numbers of the “Free Shit Army”, and of course the money

runs & flows through them, and that means plenty of opportunity for graft, theft,

corruption, etc. … “and yet, collectively, the dumb ass Sheeple of the U.S. keep

voting for these Assclown POLS, thus insuring everything gets progressively

worse over time, until we arrive at the endgame where there’s simply no more

money to steal”! … well guess what? … the country is there! … of course, the

entire premise of this is complete bullshit, and all it would do if enacted would be

to make every citizen an unindicted felon … and that means political

prosecutions of every stripe and color, cuz as anybody with any brains knows,

“the punishment is the PROCESS”! … “but hey, 81 million votes!, so I guess this

is what y’all wanted! … Congrats, the time has come to give ‘em all of your

wealth, so don’t B.I. Itch & moan now, you’re getting what you wanted, which is

no mean Tweets and all of your hard earned wealth is gone!

GOLD

What can you really say about a market that won’t move in terms of CONSISTENT

VOLATILITY? … where a vast number of former traders used to trade it but don’t

anymore … they got tired of getting the “Comex Con Game” shoved up their

collective asses and have left for good never to return … and so today, here we

sit yet again … a trade dominated by scumbag bullion dealers & large hedge

funds, with very few specs involved any longer … and that means less FOMO &

less panic selling up & until it happens in earnest when SHTF and all hell breaks

loose … and who decides that? … EASY PEEZEE: “the scumbag banks decide

that based on order flow and their positioning relative to it, all with the blessing

of the FED and the “Rally Protection Team” [RPT] so that the “Con” can continue

and the “skim” paid out to POLS, Apparatchiks, & regulators” … until that fateful

day when other central banks trump the FED and gold skyrockets like never

before, and VIX goes to unheard of levels, hopefully bankrupting multiple bullion

banks and setting the stage for a free market in gold, just like Bitcoin … it will

happen, the only question is when … IMHO, it happens when world commodities

like crude oil are priced in BTC, on “open order book” [OOB] platforms and

volumes start to exceed the corrupt CME’s products … that precipitates the loss

of dollar hegemony and the dollar gets obliterated as a fiat piece of shit that it is,

and immediately gold and silver respond to the upside in violent price moves

never before seen … what we see now in gold is simply pathetic & embarrassing

for a supposed “tradeable market”.

And BOOM!, down goes Frazier! … gold gets “monkey hammered” for the very

simple reason there ain’t anybody left to buy it after 5 days in a row up … the

banks see this in the order flow, and within seconds it’s down almost $10, and

just keeps going … the bottom is uneventful, but there’s the change as if

somebody sent out an email to those in “the club” and said, “OK, that’s enough

for now … let’s sandbag ‘em and take it slightly higher the rest of the day and

squeeze some shorts … sound good”? … and once again, a decent enough

range for the day, but the trading action is literally horrible.

DAX40

“Stock Bellies” have lost all touch with reality … back to the new ATH again cuz

nobody believes the lying pieces of shit at central banks, about their so called

“tapering” or interest rate increase … cuz if they did, it would only immediately

lead to more economic contraction requiring MOAR! QE to infinity PLUS, so

who’s kidding who here and we call your bluff! … and so the unrelenting buying

continues, especially in the “Spoos” which influences to some extent the DAX40

… it’s like saying to somebody, “oh I hear you lost your job and are broke &

destitute … great, here’s a higher spending limit on your credit card” … this in a

nutshell is the FUBAR thinking the world is in today … you look at the economic

conditions in Germany & the E.U. overall, and it’s a complete FUBAR trainwreck,

and companies in the DAX40 are heavily dependent on cheap energy cuz a lot of

‘em are manufacturing, construction, and other industries reliant on cheap gas /

coal / or crude oil … and ain’t none of that cheap or getting cheaper going

forward … so yea, higher DAX40 index prices everyday, right? … what an F-ing

joke … it would be OK if it “traded”, but it doesn’t … instead it’s the slow crawl

higher with very little VIX and shit ranges, and that makes it not very good for

trading at the moment.

Today sees an upward explosion at the European open … OK fine, now trade will

ya? … nope can’t do that, and instead the rest of the entire day to the afternoon in

New York, well past the European close, the DAX dinosaurs are in a FUBAR 30

point-ish range “Flying Wedge of Death” [FWD] that sucks beyond belief … the

worse the news on every front, the higher “Stonks” go cuz it means MOAR! QE

in a FUBAR world, and free money for everybody! … in a sane world, you couldn’t

make this shit up and have ‘em NOT put you in a mental hospital! … but here we

are and it makes ZERO sense … but, all I’m asking for is TRADING, you know

F-ing UP / DOWN? … “yea, can’t have that cuz you might make money or

something”, and I’m sitting here looking at that razor in the corner … just

absolutely frustrating beyond anything a tradeable market is accustomed to, and

yet here it is! … WTF am I supposed to do with a 30 index point range for 9+ hours

besides SCREAM AT IT TO F-ING MOVE SOMEWHERE! … and now, with Europe

closed and oil creeping higher, the DAX dinosaurs move lower in one hour in New

York, than the entire index did over 8+ hours when Europe was open … and quite

frankly, I don’t care, JUST F-ING MOVE UP / DOWN to give us our scalps, but no it

won’t do that, instead mixing “lightning” M1’s with the “cricket” M1’s in large

quantities to give us a flaming bag of dog poo and repeating “Loser Formations”

… it doesn’t do anybody any good to hang onto a position for 30 minutes to risk

20 points to make 3 … going into the second straight week of this kind of shit in

the DAX.

Ideally, we should be getting better algorithm signals in the DAX40, versus other

markets cuz of its superior spread & low cost to trade, and relatively good range

every trading day … but here recently, with a dramatically falling value in the 20

Day Range MA [with today, now at 176.5 and going lower], we’re not getting those

trades and conditions suck … this too shall pass!

CRYPTO

Worst trading action day in BTC since Summer when it was half the price … now

into the New York afternoon, and unless the ponies start to run very soon, BTC is

gonna end up with a range today that is in the “Crypto Twilight Zone”, which is

many sigma misses on range, and on the wrong side of the ledger … as it sits

right now, about $2,000 UNDER it’s 20 Day Range MA … WTF?, is all I can say

… “did Bitcoin have drinks with the DAX40 over the weekend and they got to

know each other? … OMG!, let’s hope not”!

No trades in anything today … not much to do when literally NOTHING

cooperates … even BTC acting like a stablecoin today, WTF is that all about?

… oh well, onto tomorrow and hopefully trading conditions get much better. 

Outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas

WHEN EVERYTHING IS MANAGED, NOTHING IS

“When markets are literally addicted to government!”

We see it every day … everything on every level attempting to be managed,

massaged, twisted & spun, in order to put out the “right” message for the public

to consume … the most obvious and glaring example of this belongs to the “Free

Shit Party❞, a/k/a Libtard Nation, a/k/a DEMS … remember when all we heard in

unison for months from the MSM was Trump was a traitor & Ruskie puppet?

… how’d that work out Tinfoil Loons? … now the goalposts magically shift, and I

don’t hear Mr. Jack Squat about that anymore, but all of a sudden all I hear now is

❝white supremacist❞ from the disgraced hacks in the MSM about every 5 seconds

… if Goebbels were alive, he’d be running the DNC! … yes, they do think you’re

that stupid.

Somebody enlighten me, how are markets any different? … long ago, markets

gave up their freedoms to government, specifically the FED, and are now

“dancing with the devil” and can find no escape … it seemed so wonderful at the

time, back in February 2016, when the oil market was saved by the FED, when they

came in and bought futures in the 20’s and within hours oil is in the upper 30’s …

“hi, I’m from the government and I’m here to help”! … after that, it’s on to every

other market, and nary a peep from the big money trader crowd.

Well, here we are … we live in the “POLS & Apparatchik” trading paradigm, and

there is no escape … markets live in hell, the biggest players the scumbag banks

having made the deal for pennies on the dollar … markets chose unwisely!

Gold stuck in a relatively tight range overnight … “tight “ having lost its meaning

since June 1 … markets reacting on the open last night to the usual barrage of

bullshit from Apparatchiks in the “dark hours”, this time regarding Huawei … isn’t

the first time this shit happens, and won’t be remotely the last time either. Since

then eerily quiet on this Friday … in the last 5 hours, gold hasn’t seen a $3 move

up or down.

The bullshit started last night, right after the open when gold leaped up $7+ within

a minute or two of the new day … the Huawei news don’tchaknow? … since then,

it’s been a clusterfark seeing our old friend the “Flying Wedge of Death” [FWD]

appear on this Friday of nothingness … it appears to me the scumbag LP banks

are pulling in every last nickel of spec money above 1500 in gold … the rallies

getting slower and more difficult to maintain, the down spikes from hell getting

more frequent … unless there’s news on the China front that can get worse, and

somehow set off another blitz to the upside above 1510, it looks to me like the

banks got the proverbial “Bullion Wall of Selling” up between 1505 - 1510, and any

break below 1495 looks susceptible to further declines somewhere below 1490

… the sell stops below here should be rather large, and if breached, violence in

price all but guaranteed … this stuff is simply way, way over bought … if price

continues to go higher, I hate to be the one busting the balloon but gold’s history

suggests extreme violence on the downside is imminent.

I said yesterday that today was setting up for a bust in trading action … it hasn’t

disappointed in that regard, as we haven’t really seen anything but the FWD all

day … today’s New York range so far approximately 50% under the 20 Day Range

MA documented on the Sunday blog updates … that pretty much sums things up

… and then shortly around 1 PM EST, Trump tweets that he isn’t going to devalue

the Dollar … 3, 2, 1 … bingo bango BOOM! … stocks go flying, gold goes a

dumping, and welcome to clusterfark Friday inside the FWD … who the hell needs

this shit?

Now that Europe is closed, it’s the Friday afternoon gold market “shitshow circus”

with Squid, JPM, & Citibank … not sure there’s enough here today to get gold

below the day’s low at 1494 and change and then 1490 … maybe, maybe not,

doesn’t matter cuz I want nothing to do with the New York criminals on a Friday

afternoon.

Range today too tight to generate algorithm buy signals … we just have to be

patient, and not get caught up in the second to second bullion dealer bullshit

… next week, though, looks very promising … this weekend sees me working on

trading course material for gold, DOW30, & GBPUSD … blog update on Sunday

… until then mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas