“And yesterday, I was most definitely the statute!”
Before I met the lovely, gracious, heart throb of my life, who of course is the Mrs.,
I dated other women … one of ‘em, if I remember correctly, had a birthday on
July 10 … maybe it’s Karma for getting her plastic roses [they last forever
don’tchaknow!] & vacuum cleaner bags [practical, no?] for her birthday, I dunno,
but yesterday I had the entire trading universe against me … hell, even the dog
tried to treat me like a fire hydrant … name it, and it was a problem, not the least
of which were the scumbag LP’s who shut the machines off AND widened the
spread to ridiculous levels before returning to normal at crunch time … I keep
thinking these two seemingly unrelated and mutually exclusive events have to be
statistically related … bottom line is guys, always get women stuff they don’t
need but are expensive [hint: jewelry], and the Karma gods will leave you alone.
OK, it’s a new day … never dated anybody with a July 11 anything, so I’m safe.
Today sees Spicoli hike up to the Senate, for the clown show up there, where
preening senators pander to their base via the TV cameras, and somehow try and
convince us they know more than Spicoli … which are more retarded and clueless
is a coin flip, and all they end up doing is reminding everyone what Twits they
really are … why do Sheeple keep voting for these asshats?
Gold today only sees a $9+ range today in Asia & early Europe, first to the upside
as the “Chuckleheads” can’t get enough of gold at higher prices, which is their
usual M.O. [Modus Operandi for you B. Soetero voters], and here early today we
await inflation numbers at 08:30 AM EST, which most likely guides gold for the
day … I’ll await this before starting trading today, simply cuz it prompts position
squaring which is unpredictable, and you don’t want to get blind sided … a miss
to the upside will hurt gold some, while a miss to the downside will lend support
and probably a higher price, but remember Spicoli is in front of the Senate, and
can still fuck things up royally for traders if he contracts “foot & mouth” disease
while his lying lips move … in any event, hopefully the trading aliens in the 24th
dimension that run gold, aren’t directly looking at me to get their laughs today
… and finally, let’s hope the scumbag bullion dealer banks can get their act
together and keep a somewhat honest market [cough, bullshit, cough] for the
day … so, here we go.
Yea, here we go … now that the inflation numbers are out, it’s death on a stick
… most days, you couldn’t even try and make this shit up and have anybody
believe you it sucks so bad … why should today be any different? … I guess we
now wait for stoner Spicoli at the Senate clown show.
Almost Noon in New York, and some light sell pressure from the slightly stronger
inflation report, but in the final analysis that’s not going to stop gold from rallying
… in fact, the longer the FED waits to cut rates, when SHTF it will be worse than
2008 … much worse … and if you remember back then, everybody kept telling all
of us how good housing was right up until it crashed, and then the FED panicked
and slashed rates aggressively and gold took off on a multi year bull market
… that’s the thinking in the market now, only this time around it’s likely to be
much, much worse for rates.
Three algorithm buy signals today … PAMM down a couple hundred bucks &
change.
They all were good signals, but it netted out 2 losers and one winner cuz the
trading action is so “Hoover Dam” fast … I’m doing higher volumes, and the
objectives of the algo are “lose hundreds, make thousands”, so here we go
… and while all 3 were up at some point in the trade, if you get in the habit of
taking very tiny profits, any loser will always collectively wipe them out … we
simply have to risk between $1 - $2 per trade, and let the winners run some
… obviously with today’s big reversal down day, that didn’t happen … fill times
and prices good, so can’t complain at all about that … simply that when this
stuff turns it’s wicked as hell on the downside … and late in the P.M. we got
reminded of that again with another FED Pie Hole helping the banks with
bullshit … amazing how it always help them, and what a coincidence every time
gold pokes its head higher there’s an Apparatchik ready, willing, and able to
spike gold lower … amazing, huh?
And with today’s wicked down action, if this is the worst we can expect from the
algo, we are in great shape moving forward … all 3 bounces we were in, and only
one of ‘em was I able to take profit before the turn … the other 2 wicked as holy
hell to the downside. So, while I hate losing money, I’m relatively satisfied with
today’s results. We’ll see what tomorrow brings, and I’ll be at the open for Asia
tonight cuz I’m thinking there’s some downside potential if the “Chuckleheads”
puke … we’ll see.
Onto tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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