CRYPTO TICKER

powered by Coinlib

Monday, June 10, 2019

OUCH!

“And suddenly, gold goes tapioca!”

Well, that didn’t take long … what Mexico problem? … and gold does the
obligatory hiccup lower … any bets on whether or not the scumbag banks had a
heads up from Team Trump before the announcement?

The “Chuckleheads” find themselves underwater on gold longs, so they puke,
and we start the day with a $10+ range, yet again … which of course, begs the
obvious question, “what’s left for the New York session”? … about 95%+ of the
time, not usually much … we’ll see.

Mid morning in New York, and while the news keeps accumulating / mounting
evidence of a worldwide depression in the works, you wouldn’t know it from
financial markets, where “friendly” manipulation keeps the waters calm … buy
MOAR! Gold, for it’s part, ruined [so far] by the $10+ range put in before anybody
showed up … what’s left? … NADA is what’s left [usually]. So, here we drift on
spikes from hell … “ahh, good times” ...what a pile of shit the trading biz finds
itself in, where they got nobody to blame but themselves for climbing in bed with
government.

All this from Mexico? … seriously? … cuz from what I’m seein’, all I get a sense
of is manipulation … higher for stocks, lower for gold … you know, the “risk on”
scenario is back and the water is warm … what can possibly go wrong? … and
in this environment, nobody really wants to buy it now, but nobody really wants
to sell it either [gold that is], and that leaves everything up to our not so friendly
scumbag bullion dealer banks, who somehow find a way to slightly widen the
bid/offer spread, and hand out “slippage candy” on fills cuz of all the volatility
... Bwahahahaha, it’s only funny when it’s somebody else’s money! Of course,
the really bad news for traders, is that if you make a trade and lose, how are you
gonna make it back in this stink bomb of a market today? … so far, there is no
way to make anything … and that’s great news for the scumbag bullion dealers.

We started the New York day off with a classic “dump & pump”, and since that
clusterfark, gold hasn’t moved ± $2 from 1328 … still some time left to get
“monkey hammered”, but there isn’t any real buyer interest … well, that was a fun
7 day bull market that ended in tears … chalk up another “victory” for the banks,
as once again a whole group of traders/investors learn from experience the
lessons of the “Comex Con Game” … my my, do things change in a hurry. Right
now, you’d have better odds winning powerball than seeing gold above $1350.

Bulls are trying to stem the tide to lower price, but the relentless selling as
stocks edge higher still, cuz “Everything Is F-ing Awesome Baby!”, simply sees
gold limp lower. And although today’s range is about average, the New York
session sucks … this is what happens when you come in with a $10+ range
…  how many times do I have to remind people of this? Quite frankly, this is a
piss poor excuse for a market … not that anything else is doing anything, cuz
there’s nothing going on anywhere … even oil is quite on this Monday.

No new algorithm buy signals today … not surprising considering the complete
lack of any trading action, notwithstanding the efforts of the scumbag LP’s to
spike price up/down with zero follow through … there isn’t anything to do here
… period … oh, except to lose money chasing Unicorns.

Hopefully tomorrow is better … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


No comments:

Post a Comment