RUMMAGING THROUGH THE GLITTER

 

“They come for the gold … and stay for great steaks!”

Welcome to the slowest day of the month … i.e., the Monday following an NFP 

Friday, where there aren’t any economic reports, nobody is scheduled to speak, 

and traders are limping back from another weekend … OPEC has just 

concluded, and the Brits big drama is tomorrow, and the only thing left is 

China & Trump … “oh, and another new week sees the usual suspects issuing 

uber bullish reports on gold & silver, and how an imminent price explosion is just 

around the corner … I guess these guys just want to be on the record, if & when 

the precious metals do in fact rally, so they can say, I told you so … never mind 

that for the last 7 years [at least], the story hasn’t changed one iota … this week 

is no different”.

And taking a look at the gold 20 Day Range MA’s, from yesterday’s blog, it 

just gets worse, worser, and I think we’re at “worser-er-er” right now 

… “FFS, move somewhere that doesn’t take 6 hours to go 90 cents! … it doesn’t 

take a rocket scientist to see gold is lagging, and lagging badly, versus other 

markets … and when they slow down some? … how do you get the gold corpse 

to show a pulse then”? I’m running out of adjectives to describe this 

clusterfark.

And after 13+ hours of Asia & Europe, it still can’t get a $5 range for the day, 

but I’m sure when the scumbag bullion dealers in New York show up, the 

mystery spikes, up/down you pick ‘em, will see bucks in seconds … then we 

can sit another 5 hours not doing Mr. Jack Squat. From a trading perspective, 

this is about as bad as it can get and still have anything resembling a  

“market”. 

I have no idea where Asia & Europe have hibernated to, other than 1) they’re 

tired of getting screwed by New York bullion dealers, and have simply decided 

to wait & see what happens when they get the ball in U.S. hours, and then 

buy/sell, and/or 2) they’ve migrated to pajama trading stock indices or crude 

oil, based on the theory of something happening, even if bad, is better than 

watching paint dry on the wall via the gold market … and after 7 years of pure 

bullshit, maybe they’ve wised up some. In any event, they sure as hell aren’t 

trading gold in their home hours, and the gold charts from yesterday are 

starting to show this trend.

Noon in New York, and so far we got an approximate $3 ½ buck range for 5 

hours … I’m running out of adjectives to describe this shit … nothing but 

bullion dealers fucking specs via tight stop hunts and mystery spikes, all the 

while handing out “slippage candy” in conditions that are D.E.A.D. “Seriously, 

this is one sick market … there’s more movement trading corn spreads”.

No trades today in the PAMM or the C2 options signal service.

“Oh be still my beating heart! … a small dealer stop hunt takes gold lower 

… wait for it … now we got a $4 ½ dollar range for the New York session 

… somebody bust out the champagne bottles”! … I literally can’t take this gold 

shit anymore today … paint drying on a wall is faster. With only about an hour 

left in the day, we don’t even have a $5 range in New York … “I’d say this is 

pathetic, but that’s an insult to pathetic … there simply isn’t a “Hoover Dam” 

thing to do, in a market that refuses to move more than a few pennies either way, 

until it gaps lower/higher on a stop hunt that then goes nowhere … uggh”! 

Whatever you want to call this, it ain’t trading.

So, on to tomorrow, where I don’t see how it can be any worse than today, but 

this is gold, so yea, trading conditions can get worse. Please visit our sister site 

www.traderzoocrude.blogspot.com and follow me there as well, as I tackle 

WTI Crude Oil trading, our signals service, and 20 other markets with 

completely different trading strategies that are available via the NADEX 

[ www.nadex.com ] trading platform. “If you aren’t familiar with their products, 

become familiar, cuz if you think you know it all, I’m tellin’ you now you don’t 

have a clue … these are unique derivative products that combine futures, CFD’s, 

& options with very unique properties involving P/L, and risk management”  

… over on the crude web page are links to YouTube vids I recommend you 

watch [at a minimum] … in addition, tomorrow sees me put on a particular 

volatility strategy many will find attractive for their own accounts … not for 

the signals service, but for educational purposes to show you what can be 

possible in terms of laying out and then trading great reward/risk strategies. 

I’m outta here … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!!

-vegas

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OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

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