“Yea well, gold sure needs somethin’ to save its sorry ass … gimme some!”
You can almost set your clock to it … “it’s that time of day when the sun comes
up over New York, and the early birds on Wall Street turn their machines on
… time to squelch gold, offer it down, and generally make sure it’s dull, listless,
and counterproductive from what has happened during the first 14 hours of the
day … simply put, make the market as choppy as can be, and force traders to
puke no matter their position long or short … welcome to the most overt
manipulated market on earth … some days it makes the SP500 [another beauty]
manipulations look tame by comparison”. How long the world allows this
bullshit to continue, I can only guess at, but the clock is ticking to the time it
won’t work anymore.
Cuz you realize, with world debt among developed countries skyrocketing
past $280 TRILLION Dollars, with more added every week through various
horseshit central bank QE schemes to prop stock markets around the globe,
and only about 180 million Oz. of gold EVER MINED, that comes out to
about $47,000 per Oz. for each Dollar of debt! “And if you somehow think this
debt is ever gonna get paid down, let alone diminished, I got some prime
beachfront property in Kansas I’d like to show you”! So yes, the FED, BIS,
Ruskies, Indians, & ChiComs can hold it down for a while, but inevitably the
math is gonna catch up and spring reality “bigly & yuge” upon the masses of
the world … and right now, even with the small rally seen since November
2018, gold is by far the MOST under owned & least appreciated asset class
going … “especially among Sheeple in ‘Murica, where the vast majority
wouldn’t know a “Maple Leaf” from an “Olive leaf”.
So yea, we all know what the future holds … we just don’t know when. Cuz
when SHTF, it will happen so quickly and trap many, the price increases will
make eyes water … and that’s the reason we focus on gold and that’s the
reason the PAMM trades gold, especially from the Long side … up ‘till now,
though, it’s been nothing but a steady drip of manipulated bullshit, where
90%+ of New York session days aren’t even worth talking about … then
comes the explosion on news, and gold has blistering $20+ ranges … and then
it’s back to more horseshit, manipulative behavior by the ChiComs and their
BFF’s, the scumbag bullion dealer banks. My best guess is, that’s about to
end when SHTF, either fiscally or politically sometime in 2019 … “the world
Ponzi scheme led by the U.S., suppressing gold & at the same time propping
stock markets, can’t be sustained … and won’t stuff get interesting at that point
when the world wakes the fuck up”!
NFP report comes & goes … more “Flying Wedge of Death” [FWD] bullshit,
that we all know comes with very tight ranges … throw in the report from the
“fairy tale crowd”, and it only adds to the uncertainty. “Seriously, it’s action
like this that makes me want to shovel shit out of the lions den at the zoo for a
living … with the lions in the pen! … won’t rally, won’t break, just the same old
bullshit we’ve come to know and expect out of New York 90%+ of the time … Oy
is an element best avoided”!
Did gold even notice that it’s “open”? … geesh, what a bucket of shit from a
trading perspective … “DO SOMETHING WILL YA”!! And while I’m looking
to buy breaks, you simply can’t buy breaks inside very tight ranges … from a
historical perspective, what kind of sense does that make? … I literally risk
dollars to make pennies, and that’s if I’m right!
Meanwhile, the stock market Ponzi scheme continues unabated, pushing the
SP500 slowly higher, thereby pushing USDJPY higher, and should … should
… cause gold to go lower, but it ain’t … today we’ve seen some very light
pressure, and some sell stops hit off on a new low after a new high, “cuz you
know, the FWD is chopping traders to bits with the momentum bullshit, but still
we’ve only got a $7 range for the day … from a total market perspective, this is
really quite pathetic, as we should be seeing $15 - $20+ ranges in gold every
“Hoover Dam” day”.
Almost Noon in New York, and quite frankly given the trading action, it’s
nothing but trouble for anybody even thinking about trading gold … the
bid/offer spread at Turnkey continues to be a joke, priced like we’re seeing
$25 ranges and dollar moves within seconds … just another attempt to
implement the “trader tax” I’ve written about before … and even if you’re
looking at a spread of what looks like something approaching reasonable,
“go ahead and push the button for a 1 lot [100 oz.] or more and brace yourself
for a big heaping stinking pile of “slippage candy”, delivered fresh right to your
account … good luck”.
No trades in the PAMM today, as this stuff offers risk but very little reward
going into the weekend. We’ll pick it up next week and hope the trading
action is better.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
NEAR THE NYSE CLOSE: “Can gold trading get any more pathetic than what
we’ve seen this afternoon … first a sell stop hunt, with high bid/offer spreads and
literally zero movement afterwards … oh, wouldn’t you love to be a scumbag
bullion dealer in this mess … and don’t forget the “slippage candy” those honest
& upright Turnkey LP’s are handing out [cough, bullshit, cough] … is it any
wonder traders throw up their hands in disgust and walk away from this shit?
… and no, it’s not a rhetorical question … now you know why I don’t like Friday
afternoons in gold … it’s Squid & the boys and you don’t have a chance 9 times
out of 10 … as someone who has traded gold since the modern era of trading
began, adjectives can’t describe adequately just how pathetic this trading action,
or lack thereof, actually is … this stuff had better ranges and better trading action
when price was in the 400’s 20 - 30 years ago … truly a frickin’ mess, with the
NYSE day [6 ½ hours] seeing a $2 + change range … good grief”!
Have a great weekend everybody!
-vegas
OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND
OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY
SERVICE. DETAILS IN “DOWNLOAD LINKS” SECTION IN
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