“Life in the COMEX HQ men’s room … asking the important question!”
“Well, if you can’t trade it cuz there’s nothing to do, you might as well spend your
time in a productive manner”.
Other than that, if you want to see just how bad things have gotten in the gold
market, compared to other tradeable markets, stroll on over to the
hand column under “Download Links”, look at 2018 20 Day Range MA’s, and
compare gold to others … outside of Copper, another metal, gold is pretty
anemic in the volatility department … “as I’ve said before, what happens when
other markets slow down some … how much worse can gold volatility get then”?
Cuz, to put all of this into perspective, if this is the best gold can do when
world stock indices, FX, and energy markets are going full bore “bat shit
crazy”, when you’d expect to see gold putting in $15 daily ranges at a bare
minimum, what does it mean when we’re lucky to get HALF of that? … “well,
it ain’t good, that’s for sure, and it tells me plain as the sun shining in my eyes,
that the “Comex Con Game” continues unabated, and that the sell side
manipulators are still in full control … this inching up every day, with almost
zero corrective trading action, at some point comes to an end with specs getting
“monkey hammered” when they decide the fun & games are over … it won’t be
pretty … and who’s gonna be here to trade it then, after yet again another retail
spec slaughter that we’ve seen consistently over the last 8 years”? If they really
wanted a healthy gold market, government would leave it the hell alone … but
we all know that’s not what they want.
So, today starts like every other recently … zero action in Asia … light action
in Europe that gooses price … New York starts, and it’s DEAD … there’s
more trading action in Mongolian butter spreads than gold … Greasy Wool
futures in Australia has higher volumes … if you could trade “dirt futures”,
it would have higher volumes … literally, nothing to see here while stock
indices melt down yet again.
Anybody else notice how spreads have ballooned across the board at Turnkey?
… of course, make an inquiry as to why, and you’ll get the usual horseshit of,
“we have no control over spreads from the LP’s”, now go away and leave us
alone … so, with nothing particularly exciting going on, why the increase?
… “IMHO, all across offshore brokerage house trading rooms, volumes are way
down, biz sucks, and no matter how many deposit bonuses they throw at you,
people either aren’t trading like they used to, or new accounts ain’t getting
opened … all of which leaves the scumbag LP banks with a problem … how are
we gonna get revenues raised? … well, simple … just consider higher spreads the
trading “tax” you now get to pay to make up for the lost revenue from those that
have left, and you’ll not be far from the truth … as I have said many times, they
care not how they get your money, only that they eventually get it … oh wait, you
aren’t supposed to notice that spreads are higher for no fucking reason except
pure greed … nevermind”!
I’m trying to keep food down, so forcing me to look at gold action is
inhumane … nevertheless, with the way things are going after 4+ hours of
scorching action, maybe gold can get a $5 range for the New York day?
… maybe … remember a few short months ago when the XAUUSD bid/offer
spread during the New York session was 7 - 11 cents? … or how about
EURUSD & USDJPY at 1 or 2 tenths of a PIP spread?… “yea, those are now
the good old days” … cuz now it’s 12 - 20 cents in gold, and EUR & JPY are
hanging right around 4 or 5 tenths of a PIP spread, a 200% - 400% increase
… “maybe I missed that class once in B-School, but I could swear that raising
the cost of something actually lowers demand for it … so, what could be more
logical than a bunch of crooked scumbag LP bullion dealers making it more
expensive to trade a market, where ranges are lower, volumes plunging, and it
acts like it wants to die”? … only when you wrap your head around the concept
of a hidden “trading tax” does it start to make any sense … “hey, we got
expenses don’tchaknow”!
This isn’t a trick quiz … what are you supposed to do when it won’t trade?
… when everything is a 2, 3, or 4 M1 blast followed by nothing but shit? … sit
and wait for hours for what exactly?
No trades in the PAMM today, but I did do the first side of a GLD trade today
on the C2 options signals service … we’ll see what tomorrow brings in that.
Well, it’s on to tomorrow … maybe things get better … quite frankly, I shudder
to think how they can get worse … silver market here we come! I can’t take
anymore of this $3 - $4 yo-yo shit up/down, hour after hour … I’m outta here
for today … until tomorrow mi amigos … Onward & Upward!!
-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”!
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