“Denial … it ain’t a river in Egypt!”
When anybody uses the term “market”, what comes to mind? … specifically,
what implicit assumptions do you make in your head about what makes a
market? … cuz right now, gold isn’t anywhere near what most people would
define as a market … simply put, is there any room in your definition for
blatant manipulation, dealer “scumbaggery”, HFT shenanigans, and/or the
shifting sands of bid/offer mystery ticks and the “shitshow circus” of the
“slippage candy” that masks the true cost of trading a “market”?
“I’m thinkin’ nobody really wants to confront reality here, and that it most often
gets shoved underneath the table as an inconvenient truth by the financial MSM
… the fact is, though, there are no true markets anymore … nope … there isn’t a
tradeable market anywhere, on any platform, that isn’t a manipulated mess tied
into central bank policy schemes … and gold? … more and more evidence the
“ChiCom Hustle” is in play like never before”.
We are currently in our 12th day in a row … yea, count ‘em … 12 … of gold
being inside the range from January 4th … shit won’t rally, shit refuses to
break … and ONLY when you realize what is truly going on here, can any of
this makes sense … and the ChiComs know better than anybody the game
they are playing … get people long and force them to sell … get people to sell
and then force them to buy … all inside historically small ranges that mimic
randomness … “trust me, it’s far from random”.
And so here we are on day 12, doing Nada … all the usual bullshit from
dealers we’ve come to know and hate, not the least of which is an
approximate 100% increase in the cost of trading from the scumbag LP
bullion dealers, who have basically doubled the spread … “duh, market
conditions, duh” is their mantra, which we all know is bullshit, and the
schlubs at Turnkey and other offshore brokerage houses simply refuse to
address the issue, other than the usual response … why do you think the
scumbag LP banks refuse to deal directly with customers, and have the
brokerage houses act as middlemen? … it’s cuz they don’t want to have to
answer for their actions or what they do, or how they rob money from your
account … “all it is, is a “traders tax” on those left trading to make up for
shortfalls in trading revenue … looked at any of the TBTF or TBTJ scumbag
banks balance sheets lately? … they are all reporting sharply reduced earnings
from trading, and their stocks are down … probably just a coincidence spreads
are higher … right”? [snark]
And quite frankly, I’m left wondering if markets as we have known them will
ever return or have a future … cuz the way things are trending, it’s nothing
but a gigantic Ponzi scheme, and a subsequent shift in money from the public
to banks, where it’s split up in secret using various accounting gimmicks and
schemes and distributed to Pols, Apparatchiks, regulators, & brokerage house
execs all over the world … does this sound like a market to you? All any of us
can do is ride the manipulation … piggyback it if you will, cuz in present day
markets [all of ‘em], it’s all we got anymore.
Gold sick again today … no range, no volumes, no flow to the trade … oh, but
nice fat, almost 20 cent spreads, cuz you know … “duh market conditions,
duh”! … no volatility at all, but I’m supposed to believe market conditions are
so fragile, that the scumbag LP bullion dealers need 100% more in terms of
my cost to trade, which is pure profit to their bottom line, cuz conditions are
too volatile? … “really? … what fucking planet are you living on? This shit
hasn’t moved in over 12 days”!
The problem in “trading” any of this, is the fact nobody has a clue what the
manipulators are up to … they run every short term trading indicator off the
map, run stops, hand out shit fills, and then spike the shit out of it to nowhere
… just enough to hit the majority’s “puke point”, and then reverse the process
… the fact that ranges are so tiny historically, gives pause to those looking to
buck the trend, and in those seconds they reverse things on spikes that just
about nobody can capture cuz it happens in seconds … in other words, there
simply is no “flow” to anything, simply chop in its most virulent form
imaginable.
So, I sit patiently awaiting gold to do something … the sooner the better of
course, but there is no point giving money away to a market that isn’t moving
anywhere … and yes, at some point that will change, and when it does, I’ll be
there to participate. Right now, though, gold is a bucket of yellow shit.
Have a great day everybody!
-vegas
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