SUNDAY UPDATE: HOW LONG CAN THE FED KEEP GOLD DOWN?

“Currency debasement & gold manipulation its function for 106 years!”

The horse is out of the barn now … gold has been caged up for upwards of 7+

years by the “Rally Protection Team” at the FED & BIS, and the question for me

as a professional trader is simple: “can this market ever settle the hell down

anymore and be traded, or is the action of late gonna be the norm going

forward”? … there’s a strong case to be made that life in gold is a lot like Dorothy

in the “Wizard of Oz” … “hey babe, you ain’t in Kansas anymore”.

POLS & Apparatchiks run everything now … this paradigm  is firmly set in stone

… $20 - $30+ ranges, often times going back & forth at will on vapors, can be

expected to continue, with the global monetary easing cycle lending full support

as the negative interest rate freight train picks up speed, and the fiscal condition

of the U.S. headed off a cliff ready to go full retard “Thelma & Louise” sometime

in 2024, also lending support in the background … right now the FED, through

their various faculty lounge Twit Pie Holes, are doing everything they can to

“jawbone” stocks higher and gold lower, with their “Everything is F-ing Awesome

Baby!” bullshit about anything related to the economy or world finance in general

… but, it’s just talk, and their hope is the HFT algos can pick up on key words and

“goose” stocks higher and gold lower … Friday a perfect example, as Spicoli is in

Switzerland at some mutual admiration society giving an “awe shucks” speech

and taking softball questions from hacks, so he can tee up the ball and deliver

what he wants the MSM to print and talk about.

What pisses me off to no end as a trader, is how gold reaches bottoms now and

the totally chaotic conditions that are in place by design by the scumbag bullion

dealer banks … again, Friday a perfect example … at EVERY bottom, it’s widened

spreads, bid/offer quotes that are $1+ from tick-to-tick, and slippage that can only

be described as horrendous and I’m being kind … it’s a clusterfark of epic

proportions … and that’s the good news!

Often lately, it’s simply a “mystery tick” low ball print and within milliseconds it’s

back off the bottom by $2+ … even if I’m right there on the red spike down and

click “buy”, I’m gonna get filled on the way back up, cuz the fucking bank isn’t

going to give me an honest price … they’ve just bought the spec sell stops, and

they are goosing the shit out of bids higher so they can off load the buys from

literally seconds ago … the offers go wide and fast, and I’m supposed to buy this

shit in that environment? … no mi amigos, cuz it’s a trap … cuz once they fill me

and others, they’ll start the process of bleeding it lower again … you don’t buy

rallies in gold and expect to make money, cuz all that’s being done to you is the

“Comex Con Game”.

On both Thursday and Friday, I had buy signals that got blown through price

faster than the market could have ever expected to fill me fairly at … I hit the buy

button, and it’s a guessing game where I get filled $1 - $3 higher … now what?

So the question is, is this the norm now? … can I expect shit like this going

forward pretty much every day? … and when FED bullshit no longer works, what

does gold do then? … what happens when $50 - $75 ranges start showing up?

… $100+ ranges? … is there even gonna be a market in those kind of conditions?

… I don’t think any of this is “rhetorical” stuff … the silver market got ruined

years ago as a trading market in conditions just like this … decades past, silver

was one of the most heavily traded futures markets around … now, it’s a ghost of

its former self cuz most specs won’t trade it and know it’s more manipulated than

ever before by JPM, HSBC, and others … is this the fate of gold going forward?

Directly below, our 20 Day Range MA’s for selected markets … even Cable is

starting to show some life … it’s not there yet, but it’s getting better.

click on any chart to enlarge

Friday’s action in stocks a real stunner given it was an NFP Friday … gold &

silver still seeing VIX headed higher, even with a day or two sprinkled in where

not much goes on, and then SHTF and it just explodes in microseconds.

Not a good close for gold on Friday, and it looks like some testing of 1500 is going

to happen earlier rather than later this upcoming week … we’ll see starting tonight

… until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!  

-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”!

 

 

VICTORY! … THE MAFIA DONS MEET

 

“A G20 group photo for the album!”

The self anointed meet yet again over the weekend … and again, the public is 

fed a heaping pile of bullshit as to what it accomplished, other than wasting jet 

fuel and good champagne on a group of thugs, dictators, SJW’s, and bullshit 

artists, who for the most part couldn’t operate a hot dog stand at a baseball 

game and turn a profit. Villainy, treachery, and general “scumbaggery” on 

parade, that would bring jealous tears to the eyes of a bullion dealer.

And since the world didn’t end as a result of any of the Mafia Dons getting 

stupid, it’s complete victory in financial markets … gold up about $10 after an 

otherwise lackluster start to the Asian trade, as the “Chuckleheads” and Mrs. 

Wantanabe & Gal Pals finally panic bought the stuff with both hands … “well, 

you know what that likely means for New York, so don’t get your hopes up this 

trading session has anything in it other than bullshit dealer chop … could be 

wrong, we’ll see, but for the most part history in this “shitshow circus” says 

otherwise when the range is above average coming into New York”. And just 

when ya think Mrs. Wantanabe & Gal Pals might have bitten the dust, here 

they come after the fresh checks have cleared, buying the G20 news like 

chumps, so the bullion dealers can make them pay later in the day … “Oy, 

some things never change”.

Sadly, though, the Clinton’s & Bush families couldn’t make it to the  

“thugs & hypocrites” convention … the former hustling $11 tickets for the 

2016 crying tour, and the latter planting senior somewhere … “Oh well, 

there’ll be other opportunities for graft, corruption, & bribery”! Meanwhile, here 

at the hacienda, the Mrs. says to me, “hey, did Hooker & blow prices go up in 

Buenos Aires, as a result of this idiotic confab”? … and she’s lookin’ at me for 

an answer? … and I’m supposed to know? … WTF? … and I look at the dog 

for an answer and he says, “Did somebody mention bacon”? And that’s what 

passed as “critical analysis” at my house … and I thought figuring out gold 

was tough!

New York opens and it’s dead … so far, no volume, no liquidity, and things 

look dull as dishwater … good grief … the usual gaggle of spikes up/down 

going nowhere inside a tight band … already I’m weeping. And here at 15:30 

server time, gold gets its first “mystery tick” of the day, as buy stops are set off 

and then drops like a rock in water … so far, same old shit, different day, but

things are looking up.

And then comes the “Thelma & Louise” $3 drop on Powell not speaking before 

Congress on Wednesday … it got cancelled … “oh wait, the news headline 

forgot to mention Wednesday is a day of mourning for Bush 41 and markets are 

closed along with Congress … whoops … nevermind … so now the longs get 

wiped out on bullshit … just another day in bullion hell”.

Given the news over the weekend, I would hope gold could see something more 

normal in terms of a New York range … with 2 hours to go, we got about $6, 

which is frickin’ pathetic … granted, stuff could still happen, but it isn’t 

looking good … the “Great Bullion Wall of Selling” is looking formidable above 

1235, as bullion dealers doing everything in their power to quelch any and all 

rallies … they just continue to sell 100 lot after 100 lot with borrowed FED 

money until the buying dries up, longs get nervous and push price lower on 

selling, where they then stand there and buy it back from you … rinse, repeat, 

and you got the central trading idea from the dealer’s perspective.

This 1230 - 1240 area is extremely dangerous from a trading perspective 

… longs cuz when the buying dries up it falls quickly back … shorts cuz any 

move slightly higher will unleash an avalanche of buying off the daily, weekly, 

and especially monthly charts, and who knows where that ends up on the 

upside … I sense a very high nervousness in the trade from both sides. The net 

effect, is we sit up here hour after hour between 1232 - 1234 where the bullion 

dealers simply wait out the longs, knowing sooner or later they get 

uncomfortable not seeing price move higher and then puke.

One algorithm buy signal trade today … PAMM up a few bucks. No trades in 

the C2 options advisory signals service.

When it won’t go, it won’t go, so bail and come back later … and so far today, 

most of the algorithm signals to buy have been negated due to a lack of 

volatility … yea sure, we’re about $10 - $11 higher on the day, but most of that 

came late in Asia and late in Europe as well … so far, New York has about a 

$6 range, which is well below the 20 Day Range MA, and trading action hasn’t 

been anything to write home to Mommy about, with the usual spikes up/down 

from hell sprinkled in to spice things up for those who overstay their positions 

… “gold almost never disappoints in that respect”! The action today has been 

slightly better, but still, overall it’s disappointing given the weekend news and 

moves in other markets.

The good news? … “well, after watching the usual suspects shove gold sharply 

higher overnight, New York hasn’t really been able to break price … about the 

same level ± $2 from where they left off, and that has to be viewed as a positive 

… not much to hang your hat on, but usually New York would 

“monkey hammer” price and we’d be lower for sure”. Going forward into this 

week, the key for price isn’t can it go higher, the key is when it breaks what 

happens next? … does it bounce back or does it sit and go sideways? … and 

from those breaks, can any momentum be generated to challenge the 

1235 - 1240 area and take out the massive stops above those levels?

Onto tomorrow … I’m outta here … until tomorrow mi amigos 

… Onward & Upward!!

Have a great rest of your weekend 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”!