WHY WOULD YOU POSSIBLY SELL PAPER UNDER SPOT?

 

“C’mon, what’s a $100+ among friends!?”

If you owned or stored a precious commodity, would you be selling it at a $100+

discount to the actual physical price? … no, of course not, but that’s what

bullion banks do, as the chart above shows … so why? … cuz when you get all

the free money in the world to sell 100 lot futures after 100 lot futures from a

morally corrupt FED, and the CNTRL-P machine goes “Brrrrrr” to give you more,

you simply beat the buyers into dust with the “Bullion Wall of Selling” that never

ends until the buying fizzles out … they simply wait you out … and then when

they can force price lower, they’ll buy it back from you at a lower price … this is

how modern day manipulation works in the precious metals markets … in other

words, the “Comex Con Game”.

And until these crooks are forced out of business and into bankruptcy, nothing

is ever gonna change … at some point, though, the “gig” will be up, and my

guesstimate is sometime in the next 1-3 years, all hell is gonna break loose in

gold & silver to the upside, and we’re gonna see gains like gold was tied at the

hip to Bitcoin … that most likely comes with one or all of the following … 1) the

Ruskies and/or ChiComs tie their currencies to gold, 2) OPEC+ won’t price oil

in dollars anymore cuz of rampant inflation, and 3) nobody will buy worthless

U.S. Treasury debt no matter what interest rate you give them … a modern day

Argentina if you will … it’s coming, the math says so!

As I have said before, the FED simply cannot allow interest rates to go higher

… no way, no how … if they do, the country is O.V.E.R., cuz there isn’t enough

money in the world to pay the interest on the exploding debt that exists, let

alone future trillions “baked into the cake” … that means QE infinity, and the

FED buys all the bonds of longer maturities … and that means inflation literally

explodes! … nice job Nitwits!

Cable today getting brutalized to the downside … this can be explained by 2

charts and markets … EURGBP & GBPJPY … weeks in the former, days in the

later pair getting forced out and Cable is being liquidated via the cross … the

last 48 hours taking out 23 days of trading in EURGBP, and the buy stops

getting hit unmercifully … gold not doing much, but there was some little action

very early, still not even getting to its FALLING 20 Day Range MA of about $22

… compared to crypto, these manipulated markets are a joke.

I got an email from a reader the other day, asking me about Binance for trading

crypto … it’s the largest crypto exchange in the world, and offers more pairs for

trading than anybody else out there … all told hundreds of crypto pairs can be

traded in perpetual futures … fees are fixed to volume per month in BTC, but

generally they are 0.04% notional per side, for “taker” and “maker” is 0.02%

… so, better than average … however, let me say from the start, that if you have

$50,000+ to put into a crypto trading account, this is the place to be, simply cuz

they can handle the volumes and have the liquidity … that will work at PHEMEX

as well, but only for BTC & ETH … the alt-coins are geared towards smaller

accounts … to give you an idea, the pair I’m trading for “The Syndicate” as of

late, which is Ontology [ONTUSD], Binance has upwards of 130X times the

volume PHEMEX has! … if your doing orders from 1 - 5,000 ONT [ONT= about $2],

PHEMEX IS FINE … if you want to trade 1 - 50,000+ ONT, Binance is the place

… now, PHEMEX only has ONT in spot, and Binance volume is in futures, but

remember for small accounts your best bet is to trade spot at PHEMEX with

ZERO FEES, and pay $70 per year for that privilege … that $70 goes by fast if

you add fees from every trade … whatever your account size is from $100 - $500,

you’ll generate at least $1,000 in fees [most likely more] for the year if you’re an

active trader … is $70 more than $1,000? … and of course, it gets much higher

for bigger accounts.

Over in the right hand column of the blog up at the top, I’ve included my affiliate

link for Binance … sign up and trade via my link and get 5% off your commission

schedule … and I haven’t even covered their options markets, which they have

for Bitcoin … so, for you bigger accounts looking for a great place to trade crypto

futures, Binance has you covered. [I still recommend PHEMEX for smaller

accounts simply cuz of ZERO FEES in spot’] … quite frankly, you can’t go wrong

with either one, and of course BOTH ARE NO KYC!

The excuse for today’s crap ranges [excepting Cable] is cuz of FED minutes

coming out at 2PM EST … why this is important eludes me, cuz everybody knows

what they did, and Spicoli did a presser right afterwards, so what’ the mystery?

… it’s after 2 PM EST now and nobody cares [see my shocked face], and as far

as I’m concerned gold is shot for the day, so it looks like this tiny range has a

good chance of holding the rest of the day unless the New York banks got some

“scumbaggery” planned [which is entirely possible] …  currently the day’s range

at $13 & change, with a shrinking 20 Day Range MA of about $22 … 10 days ago it

was $30+, when rates look poised to be skyrocketing … now, not so much, as

there are doubts over whether Preezy Depends porkulus infrastructure

boondoggle can get passed … today the 10 YR is little changed adding more

doubt to the FX and gold markets.

One good buy signal in XAUUSD today for the TURNKEY PAMM … UP A HAIR 

LESS THAN 0.2%

The only really good signal all day, before things slowed into mindless chop

… however, if gold gives us the range, we can expect very good results.

Crypto, at least in the alt-coins, going bananas again today … it’s like ONTUSDT

is on pure meth … the Chuckleheads last night, not content with the ass drubbing

they took on reversal of price yesterday, last night do it again … this time shoving

ONT up to $2.18, before its another “Thelma & Louise” trip to $1.70 … as I said

before, FOMO and “fear & greed” with the mass public participating, where they

can’t wait to buy higher highs, and then get forced out later on sell stops

… rinse, repeat, what’s new here? [Hint: Nada]

Multiple algorithm signals in ONTUSDT for “The Syndicate” … we’re UP

APPROXIMATELY 0.21%

My only hope is, these alt-coin crypto markets always stay like this!

… outta here, until tomorrow … “the future’s so bright I need sunglasses”!  😎

… Onward & Upward!! 

-vegas

AN INTERESTING WAY TO TRADE

“Grandma discovers options!”

I got my first look yesterday afternoon at PRIMEXBT’s new “Turbo PRIMEXBT”

platform for binary options … I like it, I like it alot, cuz it offers unique

opportunities to trade with very well defined and limited risk, over very short

time frames ... basically it goes like this: 1) pick your market, 2) how much do

you want to “bet” the market goes up / down [you pick which one] in BTC, with

minimum bet = 0.0001 BTC [about $0.89], and MAX bet 0.1 BTC [about $89.00],

3) is the market going to be higher or lower in exactly a 1 minute or 5 minute

timeframe? … click higher, and if it’s higher you win 70% [m1] or 65% [m5] of

your bet, and if not you lose whatever you bet.

BTC even has a 30 second bet, that sees a payout 90%, but not to sure about

randomness at that level of time … in any event, NDX100, gold, crude oil,

EURUSD, GBPUSD, USDJPY, & EURJPY, BTCUSD, & ETHUSD are offered, with

more to come later.

Now, the interesting thing about this type of trading is the limited risk factor

… you can only lose the bet, not like in regular trading where if your stop gets

run you’re toast … like yesterday for instance when the FED cut rates … suppose

you were short gold versus a bet that gold goes lower in 5m … right, your CFD

position led to a big loss, and no doubt your buy stop got run very hard, but

your binary options bet was simply a loss … whether by 10 cents or $10, it

makes no difference. The interesting part, is when you pair up this kind of

trading [betting] strategy with the algorithm, cuz taking both long and short

positions is simply a bet and nothing more … no worries if news breaks or the

FED does something … want to sell gold or the NDX100 off a top, but don’t want

the risk of being wrong to hurt you? … I can think of many more market strategies

as well, but I’m assuming you see the point. I’m not saying it’s for everybody, but

when you think it through, it can make a lot of sense to go this route.

I wrote yesterday about the Turnkey FTSE100 [symbol: 100GBP] … it’s open from

01:00 - 24:00 server time … from 01:00 - to the China open around 04:00, the

bid/offer spread is usually between 4.0 - 5.0 index points … from the China open

to around 09:00 -10:00, the spread is around 2.0 - 2.2 index points … from 10:00

through to 23:00, it will be 0.6 - 1.1 index points … RT commission comes in

right around 0.1 index points, so it’s a non-factor, and remember it’s priced in

GBPUSD. So, unlike the DAX30, you can trade the FTSE100 right up to the Wall

Street close and get excellent spread conditions … just don’t be 1 second later

than 4:00 PM EST, or the spread jumps to 5.0 index points.

Today sees more “scumbaggery” in gold … not from Turnkey, those days have

past … but from whoever it is in the bullion community that’s “monkey

hammered” gold the last 4 trading days at varying times in the New York day

… and what leads me to believe it’s the “Rally Protection Team” [RPT], is the way

in which the market has dropped, cuz nobody but dumb asses in government

don’t care about price … the way the market drops simply reeks of sell side

manipulation … consider this … “the FED cut interest rates 50 basis points

yesterday, then today we learn that including today, over the last 2 days they’ve

pumped over $200 billion into the “repo market” … EXIT QUESTION TO THE

FED: “Is there a bullion bank in financial trouble”? … if the answer is yes, no

matter who it is, do you have any idea the panic in gold to the upside this would

create? … XAUUSD would be up $150 in seconds if confirmed, and if you’re the

FED, now what?

So maybe, just maybe, this whole coronavirus “we had to cut rates for the

children” is nothing more than a ruse to bail out a bullion bank that is in major

league trouble financially, cuz of the sharp price runup over the last few months?

… dunno, but it’s the kind of chicanery the FED has been involved in since 1913,

and wouldn’t surprise me one “Hoover Dam” bit.

Today again sees the DOW30 with another 1,000 index point range, as markets

are about as “unglued” as I’ve seen them … what scares the shit out of me, is

that there are ZERO limits to what any market can or can’t do … “oh, it can’t do

this! … OMG!, it can’t do that! … and then not only does it “do it”, it goes past

even your wildest fantasies about where and what it can do … get stubborn, and

you’ll get carried out “toes up” in the no prisoners environment we find

ourselves in … I can’t help but think of all the gold traders that got wiped out via

manipulation last Friday, and it all stems from the theory that gold can’t do

something … guess what? … it can do ANYTHING!

One algorithm trade today in the FTSE100 … TURNKEY PAMM / MAM UP

SLIGHTLY.

Today was about getting my bearings in the FTSE100 market … didn’t do any

gold trades today, and when I saw what happened at 17:00 server time, when

gold went down $5 in less than 1 second, I wanted no part of the “scumbaggery”

& shenanigans going on in there via the manipulators … and since that time,

gold’s been a bag of dog poo, chopping up/down viciously with spikes from hell

that go nowhere … there is ZERO interest in gold today, with non existent

liquidity and plenty of M1 gaps … the algorithm in the FTSE100 performing

extremely well today … I only took one signal out of many, and today was more

about gaining perspective than anything else … tomorrow I’ll trade it more

proactively from algo signals … the overnight trade is far superior to the

shit that takes place in New York … am wondering what year it will be when the

NYSE & NASDAQ move to China?

As far as gold is concerned, it’s gonna take some heap big more bad news on

the virus to get gold higher without some kind of pullback that wears longs out

… this is a “crowded trade” right now, and it looks to me based on what I’ve seen

the last 4 days, the “Great Bullion Wall of Selling” is in place between 1645 - 1650

by the bullion dealer banks, and with the stock indices in some kind of “dead cat

bounce” corrective mode higher, all I see is bank selling into spec longs … as is

the case almost 100% of the time, who wins this battle? … and since the

manipulators have been active these last days, don't be surprised to see them

again & again as we move forward into March … they are hellbent on keeping a

lid on gold … doesn’t mean news events can’t trump the shorts, but it’s gonna

take more than a few people getting sick & dying in Des Moines to get them to

stop, and unless it gets exponentially worse quickly, they will simply wear out

longs until they decide to puke … all with the help of the “fat finger” of course

… until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-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