“When even the crew of the Enterprise can’t save gold’s sorry trading ass!”
The floor is open to suggestions … crickets! … and one look at gold today,
here at the NYSE open, and it’s enough to make you wish you were trading
back month pork bellies … “let’s be clear here … there is no market for gold at
this moment … nada, zero, zip, & zilch … there is no volume, there is no
liquidity, there is zero volatility … nothing here but a bunch of scumbag New
York bullion dealers gaming the bid/offer, with phantom mystery ticks & mini
spikes from hell. Seriously, I doubt trading has ever been worse than it is now
… this is fucking pathetic”.
All by design of course, cuz no market moves freely anymore … it’s all a
central bank “shitshow circus”, and only when Pols and/or Apparatchiks
open their Pie Holes does anything happen … without that, there’s no reason
to do anything … case in point today’s trading action, or lack thereof.
Over in Cable land, at least it’s moving some … although the moves here
reflecting “Brexit” delusion more than anything, on the hope Parliament
can’t possibly allow a “no deal” to some to pass on April 12 … here in the
NY afternoon, May delivers a “flip flop” and Cable takes off. Quite frankly,
I want nothing to do with the “roulette atmosphere” surrounding GBPUSD
at the moment … this is simply “FX Blitzkrieg” and a total binary event of
either a nice win or a messy loss … better days ahead to trade Cable on the
horizon.
This is/was one of the worst trading days I think I’ve ever seen in gold … if I
took a large plate of linguini and threw it up on a wall, that and the M1 chart
for gold would look remarkably similar … just scumbag bullion dealer
running stops and front running some commercial orders … other than that,
a complete wasteland.
amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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