GOLD HEATS UP

 

“This looks about right!!”

Taliban Joe in Israel and gold is up about $20 overnight … “Gee, think anybody

but me is nervous as Hell the world’s biggest Idiot is about to step in it, and

bumble us into WWIII?” … hasn’t fucked up yet that I can see, but it’s early yet

… they got him all pumped up with every stimulant known to college students

prepping for final exams … however, that can’t / won’t stop him from fucking up

somewhere / somehow, unless there’s a “bigly & yuge” press blackout and

coverup, which given the Banana Republic’s reputation these days, is entirely

possible if not probable.

Now gold headed towards 1950 & maybe beyond that, but again with rates up

above 4.8% on the 10 YR. and looking awful “sticky high” for now, how much

more escalation does it take for liftoff? … as always, it’s a function not of the

news but of spec positioning versus bullion dealers & the FED … when the

whole world gets long out their collective asses, look out below!

We are coming very close to the arrival of the ultimate “come to Jesus moment”

for the Banana Republic, its Sheeple citizenry, and house of cards financial

system … kicking the can down the road ain’t gonna work for much longer

… political leadership in the Banana Republic is completely void, corrupt,

inefficient, and broken beyond repair … current Clown College hilarity

notwithstanding, at its base it’s pathetic to watch … then there’s the Doofus

Biden and his group of Communists, Socialists, and general Fuckups from

the “Free Shit Army”, and is there anything more hopeless and depressing

than this bunch of corrupt parasites? … math doesn’t lie, and despite gold

rallying to the 1950 area via the geopolitical headlines, maybe there’s a very

good chance that’s nothing but a ruse … spending TRILLIONS, PAYING

INTEREST ON DEBT NOW INTO THE TRILLIONS, AND HAVING RATES GO

NORTH AS IT ALL COMES DUE, CAN’T BE SUSTAINED! … and when the 10 YR

gets above 5%, “TILT!” is at hand! … in other words, the POLS & Apparatchiks

have cheated the fiat system to the point where there isn’t one bit of wriggle

room before the entire system goes “TILT”! … and gold knows it … so does

Bitcoin … which as i have said before is why government at all levels HATES

BOTH WITH A PASSION, cuz it can’t be cheated and corrupted, nor controlled

… granted, WWIII and whatever that brings would only worsen a situation that

is already out of control and make it “worse-er-er-er”, and until everything

breaks, don’t expect Dipshits like Biden or the Clown College too even sit up

and take notice of the destruction around them … but the destruction is here

and happening NOW! … and if gold can’t break with higher rates, just imagine

what’s next? … quite frankly, without FED intervention with other central banker

scum & the BIS [Bank of International Settlements], I envision gold trading like

Bitcoin down the road … it’s only a matter of time.

And just like that, a whole bunch of people found out that sell stops don’t

protect anything except a fill at the bottom from the scumbag bullion bank

… “yes, here’s your sell stop order you had in at 1949, and the fill is at 1943 &

change … always here to serve! … thanks, come again!” … and it’s why, as I’ve

said before, when gold gets on its “high horse” and starts wildly galloping

upwards willy nilly with ZILCH corrective activity, the only thing to do is wait ‘til

the Rubes get burned, and then go from there … cuz all of those little scalps or

trades you made and thought you were a genius? … well, they all got taken away

in seconds on ONE TRADE … that’s the reality, and it sucks, but that’s gold and

how it’s been operated for decades by the scumbag bullion banks.

This entire day in gold has the smell of a short term “TOP” … how long it lasts is

up in the air, but the Rubes did get burned on their longs, the scumbag bullion

dealers bought the sell stops, and more importantly gold rallied FIRST, then

broke, not the other way around, which smells like a short term top might be in

place … and with rates above 4.9% on the 10 YR, and looking & feeling they got

a ways to go above 5%, unless we start seeing “bigly & yuge” hostilities emerge

real soon, I certainly don’t like golds chances from here just yet, without more

pullbacks and screwing of longs … gold has a violent history of wild gallops to

the upside, pick your reason & season, and then you know what happens next!

… quite frankly, I don’t wanna see that this time around.

Straight up / straight down / straight up … thanks for playing! IMHO, not the

kind of day, with a “bigly & yuge” range to boot, the kind of trading action

conducive to profit … when gold gets like this, forget scalping, your only hope is

to day trade it with open ended risk … with that sharp move up to the 1960 level

early, right after the criminal money laundering NYSE open for “Stonks”, we

needed to see the Rubes get destroyed, which happened today … no gold trades

for the PAMM today, we’ll look for trades tomorrow now that sell stops have been

hit … over at IQCENT, some BTC trades for “The Syndicate”, as I shifted scalping

to BTC from EURUSD with the rise in rates … “The Syndicate” UP

APPROXIMATELY 0.3% on light BTC volumes … still would like to see better

ranges in BTC, and ultimately a move above 30K that holds … that would

bring in volumes “bigly & yuge” … onto tomorrow! 

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

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

-vegas

JFK SURE HAD THE CIA PEGGED

 

“Involved in EVERY political murder since 1963 AND COUNTING!!”

A great post on ZH about new revelations revealed in a recent court filing should

… SHOULD … [but won’t cuz American Sheeple are fucking stupid by definition],

reveals some rather “inconvenient” truths about 911 and the CIA’s role in it … it’s

pretty simple really, if you believe anything coming out of the CIA, you are 1) dumb

as a bag of rocks, and 2) probably love the Warren Report that covered up JFK’s

assassination … the link directly below.

https://www.zerohedge.com/news/2023-05-17/bombshell-report-two-911-hijackers-

were-recruited-cia

Quite frankly, there isn’t a political murder or group of “coups” this scumbag

U.S. agency isn’t involved in … “how do you keep the blood on your hands

contained?” … that anybody with any moral decency could support this rogue

group of self ordained “heroes”, who are nothing short of serial killers in suits

is beyond me … which brings us to 911, and the government’s role in making

sure it happened … not like you think it did, but how it really went down … the

more you go down this rabbit hole, the sicker you’ll become as the truth reveals

itself … Yup, cuz without the delusional story fabricated by government, how

does the useless & worthless TSA come about? … how fast did the “Patriot Act”

erode your freedoms? … hey, how about that secret FISA court which never

existed before but in all its “scumbaggery & fuckery” exists to strip any and all

constitutional rights away from citizens cuz of “national security” [natch] … it’s

all a bunch of sick psycho shit by Neocons to give government more power over

your life … and more than likely, in your idiocy you cheered them on at the time

… now you got Fuhrer Biden and his “Manchurian Candidate” VP to run

roughshod all over you … feel safe yet?

Coming up next on the agenda, cuz the future of “children” depend on it, will at

some point be the complete confiscation of your wealth along with losing what’s

left of any personal freedoms … that means at some point here, probably sooner

than later after all guns are confiscated, gold and Bitcoin will be illegal in the U.S.

… only the Dopes will go along with this, as these 2 asset classes will be the

only things you can take with you to your new life someplace else … prepare

NOW before it’s too late cuz it’s coming, sure as a Biden gaffe next time he opens

his PIE HOLE.

Gold for its part coming unglued cuz too many people bought it into the bank

failure hysteria … and many of those people getting monkey hammered as it

moves lower … taking out 1970 on the spot price should unleash some sell stops

the bullion banks will be looking for to cover shorts … in advance, they say

“thank you, come again!”

Well, that didn’t take long did it? … a few phone calls from scumbag bullion

banks to FED Lounge Lizards, and Bingo!, Bango!, Bongo! and gold goes

“Thelma & Louise” faster than a Biden cogent thought, down into the 1950’s

… another amazing coincidence for those of you keeping score at home and

wondering how it is FED Lounge Lizards always show up to help the scumbag

banks at just the right time with some “helpful” words of bullshit … here, let me

help you out with this … it’s called MANIPULATION … and now that the damage

is done, DOWN TO AROUND 1954 FOR A LOW, price can now go into the

infamous “Loser Formation”, where gold won’t go ± $2.50 for hours on end as

the scumbag banks rip the spread and hand out shit off the market fills cuz they

can … watch for it, it’s their M.O. … it’s how they constantly fuck specs while

enriching themselves, all in the name of being a “liquidity provider” [LP]

… bullshit! … it’s like calling Vito Corleone a businessman who’s in the

“personal loan” business … we’ll check back later towards blog post time and

see what happened.

A debt ceiling rise by POLS is now bearish for gold? … lemme get this straight

… a country that’s dead fucking broke, who’s already way in over their collective

heads with debt as it is and still rising, will get the ability TO BORROW MORE

TRILLIONS IT CAN’T / WON’T EVER PAY BACK AT HIGHER INTEREST RATES,

THUS BRINGING ABOUT FINANCIAL ARMEGEDDON THAT MUCH SOONER, and

so gold goes lower? … right, I’m officially dead at this inane thought coming

from gurus … gold is going lower cuz TOO MANY CHUMPS BOUGHT AT THE

HIGHS AND SCUMBAG BANKS SOLD IT TO THEM … now the Chumps panic

[natch], the banks cover shorts, and when can we play this Comex Con Game

again? … it’s always the same isn’t it?

Meanwhile over in crypto, a rather tight up/down yo-yo affair in Bitcoin with

“Whales” first pushing for buy stops, then switching and going for sell stops

… and here at mid morning it looks like they succeeded in setting off some large

sell stops below 27200 … trying to figure out where this shit is going is a death

sentence if you listen and trade off of bullshit from “influencers” on Youtube or

other social media, or simply apply traditional technical analysis … “what, you

think “Whales” don’t know how to read charts? … what fucking planet do you

live on? … and when you don’t know who the “Chump” at the poker table is, it’s

YOU … wise up!” … playing FOMO [UP] and/or PANIC [DOWN] and then

supplying them with what they want, IS THE ONLY WAY TO CONSISTENTLY

MAKE MONEY UNDER ALL CONDITIONS … there’s your income … you’re

welcome! … and for the record, before bank manipulation became the

overriding meme of traditional markets, this rang true of those markets as well

… sadly, they don’t exist any longer and are unlikely to ever come back until

the revolution sees the end of the FED.

Well, we’re well past Noon in “Biden’s Gulag”, a/k/a New York, and although I was

off by a few pennies, gold is true to form and can’t do shit … and if you got caught

in that murderous slide lower and need a move to get back some coin,

“fugetaboutit!”, cuz it ain’t gonna happen … and the reason is obvious

… scumbag bullion dealers will not let it rally or break as chop becomes the

official mantra the rest of the day, with about a 99% probability.

As bad as the scumbag bullion dealers are, the market still had one episode of

“rally relief”, and we managed one algorithm buy signal in gold … PAMM UP

SLIGHTLY LESS THAN 0.1% … over in crypto land, a boatload of algorithm buy

signals off of synced m3 [IQCENT] & m1 [MT4] charts, looking for all of the

formations I’ve mentioned previously in the blog … when they “pop”, ride it ‘til

it stops or stalls … then without thinking, liquidate and set up for “rinse &

repeat” … “The Syndicate” UP APPROXIMATELY 1.3% … THIS IS WHAT

CONSERVATIVE TRADING IN A FREE MARKET LOOKS LIKE … sadly, central

bank manipulation has eroded traditional markets to the point that they are

almost unrecognizable to veteran traders like me who’ve been around a while

… it also helps to have the almost ZERO cost structure … onto tomorrow.

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

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

-vegas

DEJA VU BABY!

 

“Yogi sums things up perfectly!!”

Many years ago, I didn’t think it would ever be possible to have BETTER trading

conditions than the actual trading floor … of course, nobody envisioned high

speed electronic trading like we have today … that was stuff straight out of

science fiction … well, here we are, and although for the times they existed there

were some pretty good markets, in retrospect they couldn’t hold a candle to

what’s available to the public today … and you don’t even have to lock yourself

into commuting into shitholes like Chicago or New York, where no human should

have to live, just to get great trading conditions.

Now anybody … literally ANYBODY with a few bucks in his/her pocket can trade,

and have trading conditions light years better than what I had when I started my

floor trading career in Murder, Inc [a/k/a Chicago] … quite frankly, and I told this

to Miss Gimpy in all seriousness, along with her parents who were shocked &

dismayed to learn of her leaving “indoctrination camp” to become a full time

trader … give her another month, and she’ll be making more than her parents

COMBINED are making after about 1 year of trading … she’s only in her 20’s, she’s

got a long way to go … in this day and age, unless you’re into STEM, college is a

complete waste of time & money … and don’t anybody give me this shit of,

“money isn’t everything” … yea well, try living in the Caribbean or being married

to “The Mrs.” and being broke, and see where that gets you … I’ve been rich and

I’ve been poor … rich is better.

Why would anybody in their right mind want a stupid corporate job, making

others wealthy, while you get paid shit and do all of the work? … As I told Miss

Gimpy, get to the point where you’re trading 5 - 10 BTC at a clip with zero worries,

and make a few thousand a day … then do whatever you want … everything you

need is right in front of you … backtest the algorithm to your heart’s content, and

then trade it for literally ZERO COST [almost] … it’s like I’m on a trading floor

again … deja vu baby! 

Turning to today’s “Slots-A-Rama” inside the world’s biggest casino, not much

happening even in crypto … Bitcoin rather quiet, which just means the springed

coil is getting ready … gold getting monkey hammered cuz they can … still way

too many people long, HODL-ing positions the scumbag bullion dealer banks

need to flush out  before assaults on the ATH can commence … but, once $2100

is breached, look the Hell out on the upside as the entire world goes FOMO at the

same time, concurrently with a massive de-dollarization in financial markets

... the parabolic rise in gold & silver comes when OPEC goes to Yuan pricing of

oil … and if you don’t have “phyz” by then, good luck getting any for a while.

Meanwhile, another day of straight down, turn on a dime and now it’s straight up

in gold … back to straight down… literally ZERO trading, only the usual wall of

dealer selling or wall of buying, and when the move is over, it’s either go the other

way or the Loser Formation … just a terrible market to trade cuz THERE ISN’T

ANY TRADING, ONLY BULLION DEALER BULLSHIT! … it’s pretty simple … right

now, gold is stuck inside the manipulation machine run by the Lounge Lizards at

the FED … they are stalling for time, hoping beyond hope things improve, cuz the

very last thing they want is for gold to hit new ATH and make headlines

everywhere … but, the next “crisis” is right around the corner with debt default,

then QE+ Infinity when CRE [commercial real estate] goes tapioca … the fact they

are clueless only makes the situation worse.

Into the New York afternoon, and the “VIX crush” is in full swing … even Bitcoin

today with an unusually very tight range of only about $250 for the last 7+ hours

and counting … talk about the “Flying Wedge of Death” [FWD], here’s the yo-yo

from Hell in all its glory … but, the coiled spring won’t stay “tight” for long, once

“whales” get what they want … gold a complete disaster, as not only do the

scumbag bullion dealer banks UP the spread, looking at the order box and you’ll

see “mystery” bid & offer ticks galore, indicating somebody somewhere just got

mugged, robbed, and raped … and now, there’s very little chance the trade can

even get out of the frickin’ spread … there’s just no way anybody should be

trading this shit.

No trades for the PAMM today in gold … everything, in terms of range and range

expansion, comes either in the Asian session, or the first hours of Europe … by

the time New York rolls around, it’s tiny straight shots inside the FWD, and then

the infamous Loser Formation … take the spread + slippage + commissions and

you got the best of all worlds for the scumbag dealers, and the worst trading

conditions you can expect for specs … to call this a “free market” is a complete

joke … it’s a manipulated slot machine run by thieves … if it ain’t movin’, you just

have to leave it the Hell alone or it grinds you into dust.

Bitcoin in the unusual position of joining the “Vix Crush” today … still, given its

unique VIX position and our superior trade conditions, it moves enough for the

algorithm to still get profitable results … “el mucho” algorithm buy signals today

in BTCUSDT … “The Syndicate” UP APPROXIMATELY 0.2% … and I can tell you

flat out, I had a boatload of trades today where the fact we have a 1 penny spread

saved out ass … when BTC doesn’t’ go, you exit … no fiddle fucking around

wondering about “shoulda, coulda, woulda” … liquidate and come back again

… quite frankly, this can’t be done at Binance, Phemex, or Coiness cuz their cost

structure is so much higher than IQCENT … I get instantaneous fills, and

somebody tell me how you beat a 1 penny bid / offer spread? 

And while being up 0.2% ain’t gonna get anybody picking out the color of their

new Porsche, it’s better than losing money and having the whole amount go to

either the house or some set of scumbag LP’s … this from the worst day of

Bitcoin action I can recall seeing since the “nuclear winter” some moons ago

… as individual traders, whether you’re trading now or thinking about it, if you’re

not trading Bitcoin [or another crypto pair] @ IQCENT, you got some ‘splaining

to do with yourself, cuz obviously making and keeping money isn’t a priority for

you … I ain’t your Mommy nor your part time psychiatrist, so issues beyond

actual trading of markets and how to do it and providing readers with the

necessary tools to do it, I’m not equipped for that job.

Hopefully gold decides to get its ass in gear, but I’m not particularly hopeful on

that front … it feels like it’s stuck in mud from the upper 1900’s … breaks yield

nothing on the downside, and rallies can’t hold … costs to trade gold are high,

very high, and even worse for silver … add to this the fact that dealers beat people

to death with slippage and shit fills on mystery ticks … we all know they’re

complete thieves, that’s no secret … they fuck around crushing VIX cuz that’s the

metric that makes them the most money due to chop … and when there isn’t any

range to speak of, or it’s way below its 20 Day Range MA [like today], trading gold

is akin to playing a slot machine in Las Vegas … I don’t like your chances!

… onto tomorrow.   

[And just as I go to post the blog, Bitcoin explodes in 12 minutes … UP about

$200 … like I said, you can’t keep the coiled spring coiled too long in a free

market.]

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

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

-vegas