IS THIS AN APRIL FOOLS JOKE?

 

“Here’s your pot o’ gold at the end of the rainbow!”   

File today, and Friday as well, into the “dead cat bounce” [DCB] directory 

… early rallies fail, as dealers suck in new buyers AND force shorts to cover, 

but there isn’t anything to the rallies, as the usual suspects sell the shit out of 

it … and when the “buy fuel” runs dry, look out below. The major problem 

from a trading standpoint are twofold; 1) we don’t have access to true order 

flow [and I don’t mean the quote stuffing bullshit in the corrupt futures 

market], and 2) up moves and down moves are very much NOT symmetrical 

… what takes hours to take up, only takes seconds or minutes to go down.

The key to these DCB’s, are the timing … they come early, not late, and the 

“buy fuel” gets spent too early to sustain itself … and of course, the move gets 

faded like a cheap suit. Forget the economic numbers from the Department 

of Unicorns & Fairy Tales … it’s bullshit and everybody knows it, scammed 

66 ways from Sunday to statistically produce something for growth, so 

whoever is in power can claim the economy is growing … “uh, sure”. Trade 

off this crap and you're toast.

Gold looks, acts, and feels like it’s simply biding its time to go lower still 

… not that it will stay there, but it all depends on other central bank buying 

and whether or not they allow 1280 - 1276 to get busted lower … my gut feel 

is that it’s gonna be a big chore, but that ultimately they’ll clean out stops 

where they know they’re sitting … from there, who knows. Today, though, 

it’s nothing but a bag of shit … a tiny bit up, a tiny down, throw in some 

mystery ticks & spikes from hell … you know, the usual assortment of 

bullshit from scumbag bullion dealers, and gold isn’t really moving 

anywhere. Price is where it was at 10 - 12 hours ago, and it’s nothing but 

dealer manipulation via front running corporate and spec orders.

GBPUSD sees some more “most important Brexit votes evahhh”! [until the 

next one], and so it’s a tad psychotic … every little rumor or half wit idea 

floated in the Brit MSM moving Cable up/down like farts in the wind … only 

as we get very near the NYSE close at 4 PM EST, are we gonna get any idea 

what passed, what was voted down, or what the hell is next … as a result, we 

are at a very big disadvantage trading Cable in this environment … no way 

can I or you or anybody else get the jump on what’s really happening behind 

the scenes … and trust me, all the large scumbag LP banks got reps every 

fucking 10 feet, lurking in shadows all over Westminster looking and 

PAYING for what’s really going on … how the hell do we NOT get hurt by 

this, cuz we have no way to compete with that flow of information … by the 

time you see the first spike on your screen, it’s too late to do anything about 

it … hit the buy/sell button and gaze in horror at your shit fill off the market. 

So, there isn’t any way I’m risking capital in this roulette game … market 

will be here for us after it kills a whole bunch of people later in the day.

The way the day turned out for gold, from Asia to New York, and then the 

rally on economic stats, and then the same drop on more economic stats 

minutes later, only confirms the DCB … what we need to see is a move out 

of the New York open that opens to the downside … it doesn’t have to be big, 

simply down a couple of bucks will do, and then start the rally … so far, we 

haven’t seen this, but it’s what is needed to get the market to start to rally 

again.

Nothing really to do today … this is a sick joke … hopefully the morons in 
Britain will vote to get something done and end this fucking circus a/k/a  
“Brexit”, and thus free Cable to trade normally again, rather than its 
current state of the roulette wheel of FX … until tomorrow mi amigos 
… Onward & Upward!!

Have a great day everybody!

-vegas