“Water looks fine … what can possibly go wrong!?”
After being held hostage for most of the month, markets finally get to their moment
of truth, cuz today is FED day come 2 PM EST … the level of scumbag LP bank
“scumbaggery” will be off the charts, natch, as the blatant money stealing from
accounts will most likely be at all time highs.
I have no idea what the faculty lounge Twits are gonna do … unless they choose to
go “Shock & Awe” with a 50 basis point cut in rates along with uber dovish
language, whatever else they may choose to do will most likely disappoint traders
while enriching banks … what the FED is really good at, is enriching their future
employers … make no mistake, the banks already know what’s gonna happen and
they’re positioned for it.
As I’ve said before, why can’t all of this shit be reported out over weekends while
markets are closed? … this way everyone can dissect the information and make
rational decisions once the markets reopen on Monday … the answer should be
obvious … if that happened, the banks couldn’t skim the market and pay off POLS,
Apparatchiks, and various other criminal types who infest markets like rats infest
DEM big city shitholes like Baltimore, Detroit, etc. … “hey, mistress funds have
needs”!
Gold for its part has been on trading vacation for the better part of 2 weeks, with
only up/down M1 spikes from hell so the banks can pay the bills … other than that,
there has been almost ZERO selling interest, except off rallies … as I’ve said, I got
no idea what the FED does today, but it’s been a very long time since I’ve seen the
gold market as over positioned by long specs as right now … the room for
disappointment here is large enough to fill the Pacific Ocean, unless they “Shock &
Awe” which I doubt, simply cuz it connotes panic … that doesn’t mean they won’t,
simply means not probable.
And as has happened with regularity these last weeks of going nowhere in gold,
we get the latest iteration of “fuck you” to some hapless moron who decided at
16:42 server time, to buy size in gold and got reamed royally … I’m sure the
Chicago PMI due out at 16:45, and which showed a massive recessionary
decline, and somebody had “inside information” on the report, had nothing to do
with the buy, right? … to bad, you lose!! … the fact that you’ve had 1 - 2 weeks to
either cover or get long at more advantageous prices totally escapes the thought
process … most likely, this brutal rape of an order was a buy stop that the
scumbag LP’s had in their sights, and when the computer systems said “GO”,
they took it out & filled it at the high, took the other side, and made some coin
… no wonder scumbag LP banks make money with dopes like this hanging
around markets, and doing “stupid shit” consistently.
And now we wait for further “fun & games” from the “liquidity providers” [cough,
bullshit, cough] over the next hours, all the way to 2 PM EST, where SHTF
“bigly & yuge” … that this is totally criminal in nature & scope, totally escapes
the financial MSM, who almost never report on it, unless they have to. As I’ve said
repeatedly, the world’s financial system as constructed today, is the biggest
fraud & scam in the history of the world … can’t wait to see the horseshit they pull
at 2:00:01 PM EST … well, if Turnkey and their LP’s don’t shut the machines off,
which is their natural want, cuz you know, … “duh, market conditions, duh” and
of course those pesky internet glitches that always seem to come right at crunch
time on the MT4 platform … and what is so hilarious, is that they’ll tell you with a
straight face that they can’t identify why the “glitch” occurred … “coincidences
are so amazing, aren't they? … and they always happen to benefit the banks who
fill the order and never the customer who’s dumb enough to place them”.
“Well, that escalated quickly to the downside, didn’t it”? … go bold or go home,
and the FED does neither … I wonder where all the gold longs go from here?
… Spicoli’s presser should be enlightening, as he tries to placate everybody with
bullshit … and I can’t help but wonder, with a halfway decent NFP report on Friday,
is this a “one & done” for the FED to appease their Elite masters of the 0.001%
club and levitate the SP500? … and if that’s the case, gold’s got some downside
ahead of it.
So, we got a $10 break, quickly followed by a $10 rally, then when Spicoli started
moving his lying lips, gold is now down near its lows below 1420 … quite frankly,
with 2 dissenters and only a cut of 25, this FED meeting is a very big
disappointment, and every minute this FED dipshit keeps talking, markets are
likely to drop further … If there ever was a clarifying moment for classifying the
Twits as totally incompetent, this day is it … don’t get me wrong, there’s plenty of
other reasons gold goes higher from here, including an out-of-control fiscal
policy and spiraling national debt, AND world sovereign debt with negative
interest rates over $22 trillion dollars and climbing … however, that’s little comfort
to those looking for a “FED handout” via rate cuts and are/were long … I’d expect
some selling pressure heading into the NFP report.
Well, that didn’t take long for a new low for the day, as sell stops get wiped out
and filled at the bottom, on Spicoli’s wisdom of “this is not the start of an easing
cycle’ … whoops!, gold isn’t gonna like that going forward into the NFP report
… gee, wonder who’s buying down here sub 1414? … with spreads ballooned, and
slippage on “fuck you MAX”, any trade this late in the day is an invitation to a loss
… can’t wait to see what Asia does tonight, especially in the “dark hours”, and
with a typhoon hitting Hong Kong … good times!
Now that this FED “shitshow circus” is over, maybe the market can get back to
actual trading … am I asking too much? … of course, we got NFP on Friday which
should provide more chaos, but tomorrow’s trading should be interesting to say
the least … looking forward to it. No algo buy trades today, as conditions for
trading are as bad as when the market was dead … now, the exact opposite. No
need to wait to post after the market closes, as this day is over … until tomorrow
mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
No comments:
Post a Comment