“There is no such thing as a free market anymore … especially not in gold!”
“You know for sure, that when they admit there’s a big problem, and then try and
step in front of it to convince you they got the solution to the problem, that all that
is happening is a great big case of CYA [cover your ass]”.
And what I am referencing is the ICE [Intercontinental Commodities
Exchange] instituting a “speed bump” ban on HFT’s trading gold & silver
futures, by slowing orders down by 3 milliseconds before execution. So, it
seems ‘Murica’s little sister exchange is getting tired of getting resting orders
picked off in gold & silver by the usual scumbag suspects, while at the same
time appearing to do something about HFT’s in general. Directly below, the
link at ZH/
speed-bump-stop-gold-silver-manipulation
Which begs the question of, “if it’s happening at ICE, it sure as shit is happening
in spades at the corrupt CME, so where are they”? [Hint: “crickets”.] … cuz
when you front run orders, the very next automatic step in the sequence 100%
of the time, is pre-arranging trades and filling buys off the real market
artificially high, or filling sells off the market artificially lower than where
they ought to be filled at … but, HFT’s pay the CME millions of dollars to get
faster access times to their servers, and you somehow think they’re gonna give
that up? … perhaps you don’t understand, Murder, Illinois [a/k/a Chicago] is
“The” most corrupt city/jurisdiction/municipality, whatever the hell you want
to call it, in the entire world … take dollars away from the HBA Fund
[Hookers, Blow, & Alcohol], and think of all the City Alderman, state Pols,
regulators, & judges who aren’t gonna get their “cut”, and who in reality
propagate, protect, & enable the entire fraud … “hey, they got needs”!
Besides you, who gives a shit if you get stiffed a dime when trading gold [or
anything else for that matter]?
It’s been a few years, but nevertheless it’s highly instructive, cuz what just
happened at ICE, is an extremely lame ass response [albeit highly delayed] to
systemic fraudulent abuse brought on by the likes of HFT Virtu … I take you
back a couple of years, when Virtu was attempting to go public, and when
their prospectus came out, a startling discovery was made … the link from
ZH from that time directly below.
money-just-one-trading-day-6-years
Here’s the money quote from the article:
“It has become the most laughed at chart in finance: every time anyone who has
spent even a few days trading, looks at Virtu's public track record shown on the
chart below and which represents one trading day loss in 6 years of flawless
profitability, riotous laughter ensues as it confirms what everyone knows: the
market has become a regulator-endorsed cesspool of HFT fraud, where the algos
make all the money due to countless predatory and parasitic practice listed and
explained here too many times to count, enabled further by a fragmented and
broken market whose exchanges now break on a daily basis”.
And there you have it. And if you want more proof of the utter horseshit going
Committee], where you’ll get the latest on their attempts to keep the public
informed via gold & silver price manipulation by the banks & their regulatory
and exchange enablers … truly disgusting, but par for the course in crony
capitalism.
The reason this is important, and why I write about it, is because it is
absolutely necessary for you to understand & comprehend what you’re
dealing with when you trade … this is part of the “learning curve” most
Newbie traders will ignore, and they do so at their peril. You have to
understand how the manipulators work and what their M.O. [modus
operandi] is in the market you’re trading … they leave fingerprints, and they
give clues, and you have to get “your mind right” when trading with these
scumbags … ignoring them, or wishing they weren’t there isn’t gonna cut it,
otherwise they take your money.
Here at the start of New York trading, overnight saw nada … ranges small
and uneventful, meaning Squid & the boys will be taking over soon, and the
shenanigans, “scumbaggery”, and general thieving will kick in to “double
MAX” before you know it. Just warning you.
And now that gold is below 1310, and specifically the 1307 - 1308 level, one of
the things traders have to learn is not to get caught in the “trap door”
syndrome, that surrounds gold anytime price goes LOWER into round
numbers near the century mark … cuz if you’re thinkin’ you can get long with
a stop to protect yourself, I got some beachfront property in Kansas I’d like to
show you … cuz what’s gonna happen is your stop is gonna get
“raped & pillaged” by the usual suspects, our scumbag LP bank thieves who
masquerade as “liquidity providers” [which by definition is ancient Sanskrit,
loosely meaning “thieves”], in one of their infamous stop hunts, where they
are targeting spec stops … and of course, as soon as they fill your sell stop at
the bottom of the move [“duh, market conditions, duh”], blink your eyes and
it’s rocketing skyward … “funny how that works isn’t it”? … and so we start
the day with the usual “scumbaggery” when things are tight.
And now for today’s “coup de grace” … shitty retail sales [biggest plunge in
over a decade], and it’s off to the races, no doubt led by the same scumbags
who took gold lower only moments ago … “nice work if you can get it”,
available only in financial markets where your willing to give the exchanges
money for quicker access. “Flying Wedge of Death” [FWD] anyone? Why
yes, thank you!
Noon in New York, and the hits just keep on coming … what we need is
MOAR! Apparatchik Pie Holes speaking on the wires … you know, cuz they
know everything and all, and can clear things up … let me again show you
that beachfront property in Kansas … and the FWD marches on destroying
accounts while gold is literally moving nowhere at the speed of light. “If it
wasn’t such a pathetic “shitshow circus” it would be laughable”.
With the damage done today via the FWD & the surprise retail sales report,
gold for the last 5 hours has been in approximately a $4.50 range .., big
whoop, with rallies/breaks designed by the usual suspects to trigger MT4
and/or MT5 technical indicators to go either bullish or bearish exactly at the
wrong moment … they don’t spend millions on software engineers for nothin’
… and really there hasn’t been anything to do here … below 1308 is a “no go”
for obvious stop hunt reasons assaulting the 1300 region, and there isn’t
anything on the upside that’s being generated that has any legs … so we sit
& chop … just another day in the manipulation matrix known as gold! But
wait … “hey, I got an idea, let’s clean out both sides of the order book by setting
off some buy stops … who’s up for it? … and so … aaaaaaand it’s gone”! Right
back down to the 1311 area, and another FWD screwjob is in the books. At
least, though, the range is being expanded slightly … look for victories where
we can get them.
Onto tomorrow, where I’m expecting gold to be dead … Friday’s have
become nothing but position squaring days … we’ll see what happens … I’m
outta here … until tomorrow mi amigos … Onward & Upward!!
-vegas
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