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Wednesday, January 23, 2019

WHAT’S NEXT, 3 DECIMAL PRICING?

“And about the same time, we’ll understand gold too!”

If gold trading action gets much worse, they’ll trot out 3 decimal pricing and 
try and convince the trading world it’s to our benefit … that a major market 
can morph into a pathetic shell of its former self, in such a short time, is a 
testament to the power of central bank manipulation & control … at least 
when the FED & BIS were “fat fingering” the sell button it had a range and at 
least pretended to trade … with the ChiComs, not so much.

As the sun rises in New York, gold entertaining a $3 range with trading action 
that will make you check to see if your internet connection is still working 
… again, at least so far today, and we’re 12+ hours into the day, there is no  
“here” here … to call this a market is a joke … in no way, shape, or form can 
gold be considered in its present state, any kind of tradeable market … 
where? … when? … how? … “more than likely, gold has more volume under 
the table when its closed, than it does when it’s supposed to be open”!

What the world needs to do, is go back to limited trading hours … scrap this 
24/5 shit, and go back to the “soybeans model” … that’s right, a 3 hour 45 
minute trading day, and then come back tomorrow … but we’ll never return 
to common sense, cuz the scumbag LP banks would never agree to this 
… better to be open 24/5 so they can 1) screw more people over more hours, 
2) entertain more stop hunts, 3) cause flash crashes in off hours which they 
take advantage, and 4) spread out order flow so they can fade it … if 
everything is done too quickly, they have a much harder time manipulating it.

And of course, the ChiComs don’t want this either cuz it would disrupt their 
buy in Asia & Europe, sell in New York, scam they’ve been running non-stop 
for at least the last 2 - 3 years … and nobody wants to see this end, most 
certainly not their BFF’s the scumbag LP banks, who would sell their own 
mothers into prostitution to make an extra quarter. About all that is left, is 
3 decimal pricing … and when we see that you’ll know the gig is up for good.

And so here we sit yet again, now the 13th trading day in a row inside the 
January 4th day’s range … right smack dab in the middle of price for almost 
the last 3 weeks … and truth be revealed, every day that goes by this market 
loses more customers to other markets … never to return I might add, simply 
cuz they are tired of all the bullion dealer bullshit, from stop hunts to higher 
bid/offer spreads for no reason, to the overt manipulative power of the 
ChiComs. “And this is how markets die … the blueprint laid out years earlier 
in silver, and with that market literally “trading dead”, now it’s gold’s turn 
… they’ll never simply just ban trading, they’ll simply turn it into an irrelevant 
novelty, not worth looking at or trading cuz nothing happens anymore”. And 
indeed, there’s more trading in beaver pelts right now than gold.

The sickening “up a little then down a little” … rinse, repeat endlessly in a 
manipulative feedback loop that is impossible to capture cuz it happens so fast, 
and on such little volume, throw in “slippage candy” from the scumbag LP 
bullion dealers who are front running everything, and you end up buying 
highs and selling lows. Cuz what is happening now, is that everybody and their 
brother is trying to scalp price and outsmart others in the same boat cuz 
nothing is happening on the price front … and while it might work most of the 
time, the time it doesn’t takes away ALL the other wins [maybe more] and 
puts you into a hole so fast it’s maddening … probably the biggest reason 
bid/offer spreads have gone up approximately 100% over the last couple of 
months, is that the dealer community isn’t gonna allow you to “pick them off” 
with very short term scalps consistently … collectively, they know how 
customers think, and they think scalping is their game, and for you to play 
you got to pay, and pay you will. It’s got nothing to do with volatility, and 
everything to do with the game being played.

Every day almost without exception, we’re seeing the “Flying Wedge of Death” 
[FWD] appear and take its toll on traders … very tiny ranges tend to do this, 
and dealers are only too happy to exploit your desire to catch a trend when 
there is no trend … to put it mildly, it makes for impossible trading conditions 
if you want to profit … don’t confuse brains with pure luck!

It’s like the trading Gods are reading my mind … I write the script, they go 
ahead and make it happen … Noon in New York, and my thought is simply 
this; “WTF, can we ever climb out of this bucket of yellow shit without the FWD 
every single fucking day without exception? … just after the open, gold got 
“monkey hammered” … $5 and change in 6 minutes to the downside … and do 
you think there was any extended lower move after this? … silly rabbit, Tricks 
are for kids! … and so for the 13th trading day in a row, and with gold 
“UNCH’D” on the day now, we’ve gone nowhere fast … buy and/or sell stops, 
how you feelin’ today”?

Seriously, this shit is getting old quick … this market needs to fish or cut bait. 
At some point here, yea it’ll do something … am I dead first, or is it like the 
Cubs winning the World Series? … you know, give something long enough 
and it has to happen kind of thing. Onto tomorrow, where I’m hoping we’ve 
waited long enough already … until tomorrow mi amigos 
… Onward & Upward!!

Have a great day everybody!

-vegas

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