CHINA GOES FULL RETARD QE

 

“You’re gonna need more choppers!”   

“Well, that escalated quickly, didn’t it”? … and China overnight unleashes 

massive QE, and it’s off to the races in stock indices of course, and to some 

extent FX, but gold is dumbfounded by it all … sure, makes perfect sense on 

a Friday. And, the world gets flooded with more money … ho hum, isn’t that 

the natural state of things?

Markets everywhere these days are so filled up with hocus pocus 
manipulation, nothing makes any sense at all … all that matters is that said 
market on said day be up or down, according to central manipulation HQ 
… other than that, nothing matters. Gold, after getting “monkey hammered” 
yesterday in a classic pump & dump scheme via the “Comex Con Game”,  
should be moving higher on this China news … but since that’s not what the 
manipulators want, it doesn’t even notice what happened … stuck in a mind 
numbing $5 range after 18+ hours, nothing here but scumbag bullion dealers, 
and those dumb enough to attempt to trade it. “This market has been 
silverized?!

And, once shorts are obliterated, what’s left? … well, nothing really except 

shouting at the “Hoover Dam” Chinese … markets long ago given up the 

mantra of “trend”, or anything coming close to it, in any longer time frame 

than about 15 minutes … “what’s a trend? … dunno, cuz outside of some 

manipulation going on, traders can’t get a handle on the volatility, as it swings 

from light speed to crickets and back again … markets just don’t know how to 

react to anything else, and that’s the problem”.

And so, Cable for its efforts, a complete bag of shit again, although better 
than expected, again thanks to the ChiComs … perfect cover for a short 
squeeze that trips buy stops and then spends the rest of the day bleeding 
lower … oh well, just another day of cleaning out specs.

One algorithm buy signal today in GBPUSD … PAMM up a few bucks.

Earlier, our algo gave off other buy signals as well, but lack of range and 
volatility prevented me from making the trade … they would have worked, 
but too often they are false positives, so I leave them alone. In any event, a 
small gain as Cable rallied into said buy stops.

Onto next week, where Cable has some data due out that should influence 

price … with the “Brexit shitshow circus” on hold ‘till after Easter Sunday, 

it’s all traders have to go off, until the POLS reluctantly show up again and 

FUBAR everything they touch … can’t hardly wait.

Blog update Sunday night … until then mi amigos … Onward & Upward!!
 

Have a great weekend everybody!

-vegas