SUNDAY UPDATE: RANGE FOR GOLD GOES NORTH

“Pols & Apparatchiks tell us this every frickin’ day!”

Well, this is gonna get interesting tonight, as Trump & China start “talking” again,

so says the MSM from the G20 … more than likely, this means gold goes tapioca

when Asia goes full retard sell mode … looks like another day where the

“Chuckleheads” go head first into the week, and put in a $10+ range before the

sun rises in New York tomorrow … we’ll see.

Directly below, the 20 Day Range MA charts we track.

click on any chart to enlarge

July 4th Holiday coming on Thursday, so a shortened week for U.S. markets, but

there’s plenty in the pot in Asia & Europe to keep everybody on their toes. 

Onto the week … until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

WHAT THE HELL IS THIS?

“DEM 2020 Loons for Preezy … this is our message to America!”

Lunacy is NOT on summer vacation! … Let’s first start with the obvious … “just

cancel the election, cuz Trump wins in a landslide" … why? … when every single

DEM Loon raises their hand for free unlimited healthcare for ILLEGAL immigrants,

and you haven’t done Mr Jack Squat for Veterans, and/or homeless IN THIS

COUNTRY, and they SUFFER while ILLEGALS benefit? … and then you have the

audacity to lay the bill on middle class ‘Murica? … that should be it, you’re

disqualified to hold office of any kind! … in any kind of sane world, this is pure

lunacy and a slap in your face as a U.S. citizen … make no mistake, this is THE

MIDDLE FINGER to the entire country from Libtards, who have a whole new group

of undocumented voters they need to please and pander to for ILLEGAL  votes. I

simply can’t recall a bigger group of misfits, malcontents, wannabes, & SJW’s,

who want to shove socialism down our throats … well, not me assclowns!!

Second on my list is gold … as Yogi Berra once said, it’s “deja vu” all over again!

… can’t move it in late New York, but let the day slip into tomorrow, and trading

goes into the deep hell known as Australia & New Zealand, and all of a sudden for

the umpteenth time in the last couple of months, gold moves straight … hell, it

can’t even get to the Asian open! By the time China opens and starts trading in

earnest, gold already has a $10+ range for the day! … what the hell is this?

… now we’re at sunrise in New York, the day’s range is $16+, and it’s been a round

tripper kind of overnight session … OK New York, what’s in store for us now that

gold has blown its balloon overnight? … “Chuckleheads”, what the hell are you

doing? … where’s the money coming from, that you can lose practically every

single day? … and NO, I don’t wanna go to bed, there’s that “Hoover Dam” clown

wanting/demanding everything I have ever worked for and more, and if I do go to

bed, gold moves! … bottom line: “it’s not easy being me folks”.

So, I’m hoping everyone can see the trading action difference between Asia &

early Europe versus the U.S. … not even close to being the same … a much more

fluid and tradeable market, with bigger scope M1’s than the manipulated U.S.

market … however, unless you want to be a meth addict and stay up 24/5, you

can’t trade Asia & the U.S. without going nuts. 

And the times I’ve tried to trade Asia, it dies or takes off before Asia even opens

… well, now what? … so everyone has to pick and choose which sessions and

which hours to trade and simply deal with it … otherwise, you end up playing

“whack-a-mole” at the pizza parlor.

Noon in New York, and here is the complete bat guano you can usually expect

from New York, once Asia & early Europe do their thing and yank the range past

$10 overnight … all it is [90%+ of the time] is pathetically extend or pretend there

is gonna be any move. So what we see today is typical, and after a complete

reversal from overnight highs, we hit a new low by a few pennies and take some

longs to the woodshed … but, what really happened? … Nada is what happened,

and with the weekend events at the G20 taking center stage, along with OPEC and

Putin, what is this Friday about really? … well, it’s about pure crap is what it’s

about, and it’s simply nothing more than banks separating accounts from their

money … up a little, down a little, set off some stops, rinse & repeat, you get the

picture.

Here at vegas HQ, over the last couple of days, we’ve been training brand

spanking new traders in the art of the gold algorithm … why? … cuz Monday is

July 1, and we plan on unleashing the Kraken on the gold market come Monday

for the PAMM … we’ve traded it [me, Cousin It, & CoS (Chief of Staff) Milton

Waddums] in our personal accounts in up moves, down moves, and now

sideways moves and it has performed better than even we expected. We’ve taken

brand new traders here in Paradise, and in 3 days all are up money in demo

accounts [treating them like real accounts], and are wondering how the hell we

don’t own the world already … but I digress … what we are planning corporate

wise, is offering the gold algorithm in the Fall, right after Labor Day, to the trading

world worldwide … and the PAMM is going to be the track record for the trading

manual we use to market and provide the algorithm … come Monday, I’m going to

be taking every single buy signal the algorithm gives, consistent with a reasonable

to decent probability of success, from 7 AM EST to about 2 PM EST, give or take

some time and depending on how much money we’ve made for the day. 

Just for informational purposes right now, the data sets and mathematical

provisions I’ll be using are from XAUUSD on the Turnkey live server, from 3 AM

EST to 3PM EST [10:00:00 - 22:00:00], which is 12 hours per trading day. All other

times of day are left out, not because they are unreliable, but simply because

they encompass the historically slowest times of day and will skew data to the

downside … as we’ve seen lately, though, Asia can and does explode

occasionally, and while I don’t need millions of data sets to be extremely accurate,

I also don’t need the extra work to get them … therefore, we stick to the main half

of the day.

We’ve moved to the P.M. here in New York, and now that Europe is closed, and the

weekend calling, I certainly don’t expect anything but chop going forward to the

end of the day … already price is drifting in ever smaller M1’s, and absent some

news, this is the future to the close. While we did have some algorithm buy

signals today, I didn’t take them in the PAMM cuz I was teaching, and more

importantly getting ready for the July 1 start on Monday … we had a lot on our

table today, and it was mission accomplished.

So, there’s gonna be some cash flowing come Monday, and if gold moves at all

between 7 - 2, there’s a very high probability we’ll be there to capture part of it.

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

Have a great weekend everybody!

-vegas

IT WAS A HORROR SHOW

“Oh look! … 2020 DEM LOONS pose for “debate” in Miami!”

Well, if this is the best you can do, it’s gonna be a Trump landslide come

November 2020 … not a word what these “walking bag of rocks” are going to do

for the American people … Nope! … but, if you’re an ILLEGAL immigrant, here’s

what we’re gonna do … and oh yes, can’t forget transgenders who want abortions

… oh yea, that’s high on my wish list says nobody ever. Talk about a “pandering

show” of epic proportions to every fringe, Libtard, loon, activist, dimwitted DEM

who’s gonna vote, these people are embarrassing … watching this clusterfark

should be considered torture, and I should be eligible for reparations. How any of

these morons got elected to any office is beyond me, but the appalling, overt

virtue signaling by all of them, only tells you what total and utter hypocrisy this

group of scumbags exhibits, all the while insulting your intelligence by pretending

to be everybody’s moral elites and guiding lights … “umm, no thanks, I’m not

buying crazy”.

Gold again overnight, putting in a greater than $10+ range … seems the

“Chuckleheads” have lost [for the moment] gold fever, and are taking a more

cautious tone … here at sunrise in New York, things are pretty tame across the

board, and nothing is really moving … some econ stats out at 8:30 AM EST, but I

don’t think they will affect gold much, if any … so far, gold holding support at the

1401 - 1402 area from the 100 Hour MA, with the 200 Hour down at 1386 if things

get a little ugly on the downside … both are starting to roll over from the torrid

pace from the last few weeks … question is, “what’s gonna be the catalyst to set

off the next wave of buying, or does the FED continue to throw cold water on

future rate cuts that see us go lower in price”?

First hour in the books, and did I walk into an episode of “The Twilight Zone”?

… whoa, talk about quiet! … and just like that, a “womp womp” downdraft that

sees the M1 take out 1400 like a chainsaw through a soft butter stick … isn’t it nice

to know that gold hasn’t changed one bit, and that the mystery down ticks the

scumbag bullion dealer banks buy for themselves after they set their own

customers sell stops off, is still alive and well? … it tells me the world hasn’t

changed after all.

And just like that, we get useless market moving data at 8:30 AM EST, and the

minutes afterward did very little … so I get up and go get another cup of Joe, and

come back like 2 minutes later, and in one M1, they drop gold $6, breaking 1400,

and all the lemming spec sell stops the scumbag bullion dealer banks were after

for the last 2 days, and within seconds were back up above 1400, and I’m sitting

here … and worst of all, while I thought we were far enough away from a buy

algorithm signal, we weren’t cuz that bottom triggered a buy signal … ophhhhh!,

is my chili hot now!

Since then of course, it’s been a bucket of warm bat guano, and we’re basically

where we were at 12 hours ago … Dear Banks: “thanks aholes! … couldn’t wait 3

minutes while I get more coffee … geesh, what good are you anyway”? And

basically, that’s the entire day in a nutshell … if you weren’t there for the “fun &

games” for one minute, you’re toast … pass the jelly.

Remember that torrid pace we were on? … yea, me neither cuz it’s gone now, and

we’re back to the shits … with the weekend coming, and Trump/Xi holding their

“lovefest”, I expect tomorrow to be worse than today … literally, nobody wants to

position this stuff ahead of any weekend surprises … some good news for gold

bulls, though, as the banks were able to cover shorts on the sell stops at sub

1400, meaning they went for the stops cuz gold more than likely goes higher from

here. Without getting the stops, it would mean they are comfortable staying short,

and clearly that wasn’t the case.

I’m thinking China will rally tonight, so I’ll be trading tonight late if anything

happens and I get an algorithm buy signal. Until tomorrow mi amigos

… Onward & Upward!!

Have a great day everybody!

-vegas

THANK YOU FED, FOR SAVING US!

“Meanwhile, at the scumbag bullion dealer banks!”

When it comes to the “POLS & Apparatchiks” paradigm of trading, which we’ve

been in since February 2016 when the FED saved the oil industry, natch you get

what happened yesterday about 12:30 PM EST … as another FED Pie Hole pulls

out a big, sharp pin and pops the gold balloon … I’m referring to FED Pie Hole

Bullard, who got taken away from his nap in the faculty lounge, and trotted out

to announce, “nahhhhhhhhhh! … ain’t gonna be no 50 basis point cut in rates at

the July meeting”! … amazing these coincidences, as bullion banks are short up

to their eyeballs and gold simply will not break … and then … whoooooosh!

… that sudden gush of wind and noise you experienced, was the air going out of

the gold balloon … at least temporarily … and with another options expiration fast

approaching, the banks can breathe a very heavy sigh of relief. 

This is how markets operate today … any of ‘em, all of ‘em … cuz all that really

matters is that the FED’s BFF’s make some coin, so it can be distributed to the

proper elites scattered across the globe into tax haven IBC’s [international

business companies] and/or PIF’s [private interest foundations] … understand,

that’s ALL THAT MATTERS … why do you think, that after their careers as

Apparatchiks, they get 7 digit consulting job gigs from these banks? … you

somehow think this is an accident? … hell no, it’s payback time for shit like what

happened yesterday … come the proper time in the future, after yesterday is long

forgotten, some assclown like Bullard will retire, and then immediately step into

the corner office at Squid, or JPM, or another criminal bank, and start pocketing

the “payback money” for doing absolutely ZERO … this is how this game works,

and why all of ‘em want to be Apparatchiks so badly.

And right on cue, an article on ZH about Merrill Lynch, now a subsidiary of Bank of

America, that got busted for fraudulently manipulating gold futures between … the

link directly below.

https://www.zerohedge.com/news/2019-06-25/merrill-lynch-caught-criminally-

manipulating-precious-metals-market-thousands-times

Bottom line in this? … nobody prosecuted, $25 million dollar fine, and we promise

to have better compliance. “See my shockingly shocked face that is shocked”!

… WTF right? … just another example in the long line of feckless U.S. regulators

who can now expect bags of cash in their garage’s sometime real soon. But, you

know, we’re just supposed to think everything is on the up & up, like cops in Al

Capone’s Chicago … thanks for all the help morons, and enjoy the cash.

Since that moment, gold has been steadily going lower, no doubt with bank help,

and did it not end exactly like I said it would days ago on the blog? … starts in

P.M. New York and carries over to Asia & Europe, and just like that gold is down

about $30 bucks and change … and it looks like a test of 1400 is imminent today,

here at sunrise in New York. Question is, how bad will longs puke, and are their

sell stops at 1400? … answer yes and yes, cuz they always put them there

… although, I’m not entirely certain today sees more selling … overnight, the

“Chuckleheads” put in a $21 dollar range, mostly to the downside, which usually

means no follow through in New York … however, as I’ve mentioned in the last

couple of days, since the manipulators have been actively & overtly manipulating,

we’ve never been through an easing cycle in gold … this is a first, so it’s tough to

know or expect what the rules are … could be the same as before, but I doubt it.

We’ll have to see how this plays out today and in the days/weeks ahead.

But, make no mistake, yesterday was the first salvo in the new gold war, as

basically the FED intervened with words and said, “enough is enough”, and no

doubt via back channels let their BFF’s, the scumbag bullion dealer banks, know

that whatever it takes we got your back … so, sell some MOAR! [Psst! … when can

I expect my bag of cash?]

And we can’t even get to New York trading, and here comes “ACT II”, with half of

the comedy team of “Mnuchin & Kudlow”, with some bullshit about the China

trade deal scam … “folks, there ain’t ever gonna be a TRUE China trade deal, cuz

you’re dealing with scumbag ChiComs, who cheat, lie, steal, & don’t know any

other way … if there is a trade deal, it’ll be a scam where Trump caves and there is

no verification … in other words, we just trust ‘em … yea, good luck with that, no

matter what the chattering heads in D.C. say” … and with that, gold tanks down to

1401 … how desperate are these asshats to protect the banks, and at the same

time boost the SP500? … this is pathetically embarrassing.

Once again, we see the power of New York in offsetting anything Asia & early

Europe wants to do … break price? … fine, we’ll go up! … rally price? … fine, we’ll

be steady and not extend gains much or go down! … and as I asked the question

earlier, what happens when you come in and there’s a $20+ range to the

downside? … and sure enough, what kind of action happens now?

Not really a very good day for trading action, given the recent action over the last

couple of weeks … price crawling, then Bingo Bango BOOM!, a brick to the face

and down we go … then price crawls again, and you’re left wondering what more

comedy can hit this market today … yesterday it was Bullard, today Mnuchin, and

in the early hours what comes next, cuz it looks to me like the “fix is in” with

regards to the recent top around 1440. And for the first time in weeks, action

definitely slows down as gold will limp to its option expiration … nice day to trade

the PAMM with the new gold algo, huh?

Well, one algorithm buy signal today … PAMM up a few bucks.

After 1 PM EST, I did get one more buy signal, but I don’t like trading in New York

P.M., simply cuz the scumbag bullion banks are notorious for chop when nothing

is really going on … and given gold’s recent romp, where’s it gonna go on the

upside today? Not saying I ignored the signal … just sayin’ the algo doesn’t

recognize or know about New York afternoons with the likes of Squid, JPM, and the

other crooks running loose and looking for victims. In any event, we’re past the

first day, and while the market didn’t really cooperate with decent trading

conditions, we’re still up a few bucks … would have liked to see more buy signals,

but it is what it is and the market hasn’t really done anything of significance since

the sun came up in New York.

So, here we are probably treading water for a couple of days into the weekend

… not sure if 1400 can get taken out tomorrow, depends on what happens in Asia

overnight and when do they puke longs for real? … until tomorrow mi amigos

… Onward & Upward!!

Have a great day everybody!

-vegas