“The official handbook of the FED!”
I rest my case that the FED is the most incompetent AND corrupt government
organization in the entire world … how can you fuck up an interest rate cut and
get markets to tank？... EASY PEEZEE꞉ Let the FED handle it.
Now we’re on to the day after, and the hangover has exactly one day before our
favorite day of the month, NFP Friday … oh joy, oh fun … will this be another nail
in the proverbial coffin for more rate cuts？... cuz quite frankly, with three to four
more cuts priced into markets [including gold] over the first half of calendar 2020,
it’s getting really ‘iffy’ for rate cuts to support gold going forward … sure, there
are other reasons for gold to go much higher, not the least of which is by
sometime in 2024, at current borrowing habits, every dollar raised by the U.S.
Government goes to pay interest on the national debt … yes, EVERY SINGLE
DOLLAR … and while that’s scary enough on its face, what’s worse is the major
implication of this, which is NIRP [negative interest rate policy] is a foregone
conclusion in your future, cuz it’s the only way you can print money and not have
to pay for it … borrowers pay you. And that has major price implications for gold
going forward.
However, the market faces the short term problem of having every Yahoo in the
world long gold, and until that gets worked off in the days ahead and the banks
cover their shorts, gold is gonna have a problem extending gains back above
1430. A good NFP report, and most likely we go sub 1400 for a while … we’ll see.
Another problem for gold at the moment is the U.S. Dollar, which doesn’t want to
break and despite a rate cut only reacts by going higher … it’s a race to the
bottom for the world’s major currencies, and the Dollar is losing.
This Dollar strength today, is impacting gold, especially with the majors of EUR,
GBP, and JPY … the moves in gold are correlating almost perfectly with Dollar
moves … question is, who’s moving who？... and so far, the 1400 level is holding,
but today’s action is very sloppy and vicious, with the usual spikes from hell on
the M1’s very much in play … gold finds itself again around a century mark, and
historically this does not bode well for stops. Whether it finds them today or on
tomorrow’s NFP report remains to be seen … the move off the low correlated with
a small snap back in the Dollar, so there’s definitely some interest in gold at lower
levels, and the worst manufacturing numbers in 10 years has helped as well … I
hate to say this, but the market is gonna need some direction from the NFP report
before the bulls throw in the towel … a weak report is apt to bolster a move back
higher, while a strong report will more than likely see a blitz lower below 1400
… again, it’s nothing more than hurry up and wait.
COMMAND DECISION TIME … AGAIN … I HOPE IT’S THE LAST!
First of all, we’ve made a decision to stay at Turnkey … the devil you know is
better than the ones you don’t … since their new servers have come up, there
have been ZERO problems with the MT4, slippage on fills, and latency time issues
on market orders … I give them a solid A for that, and given the shit I have leveled
at them in the past, for me to go this high is saying something.
Second, their bid/offer spreads in the most active and volatile markets are either
tied for the best in the world, or are ‘Hoover Dam’ close, while their round turn
commissions are only pennies away from being the very best currently available.
The markets I’d love to trade but can’t, which are WTI Crude Oil and the Hang
Seng Index in Hong Kong [symbol ‘H33HKD’ on the MT4 trading platform], I can’t
trade anywhere anyway, cuz nobody has acceptable bid/offer spreads … and I
don’t see either market being available if ever. That leaves 3 markets that show
consistent volatility, above average daily ranges compared to the rest of the
markets on the MT4, with acceptable tight bid/offer spreads … they are GBPUSD,
XAUUSD, and DOW30. In addition, all 3 look to be volatile going forward into the
later half of 2019 and into 2020 … gold looks to be the slowest with its moments
of time where it doesn’t do Mr. Jack Squat, but the other 2 will most likely shine in
terms of volatility with very few days of low volatility.
Therefore, I’m expanding the list of markets going forward for the PAMM to
XAUUSD, GBPUSD, and the DOW30 effective immediately … each day, I’m going
to look for the market that offers the most trading opportunity IMHO … unlike
before, I’m confident that latency time issues and slippage aren’t going to be
factors … trust me, I’m not looking for the scumbag LP’s to be doing me any
favors, simply that we get treated fairly and filled quickly and at the market price.
I’m making this adjustment cuz gold is getting worse, not better, in terms of the
way the market is trading, AND THESE OTHER 2 MARKETS ARE MOVING IN
BETTER TRADING CONDITIONS … these consistent spikes from hell on the
M1’s, whether up or down pose considerable risk, and they come out of nowhere
as the scumbag bullion dealer banks front run futures orders via the XAUUSD,
and literally rape customers via slippage on fills … screw that, I’m tired of that
shit … so, unless I see what I want from gold, I’ll be taking advantage of trading
opportunities in Cable and/or DOW30.
Today, I got 2 algorithm buy signals in gold, where the market went through my
price so quickly, if I had hit the buy button, only God knows where I would have
been filled … gold has become so ‘Hoover Dam’ violent, that forget $2 risk
anymore, it’s closer to $3 - $4 risk on any position you take ...this is unacceptable
to me, as it underscores the blatant thievery going on among bullion dealers in
XAUUSD … most days now, they simply refuse to make an honest market.
This move also ties in with our corporate objectives and proprietary algorithms in
these 3 chosen markets, which within the next 60 days we’ll be offering to the
public via this website … at that time, we’ll also be opening our YouTube channel
and most likely Skype real time chat … when you get down to ‘brass tacks’, if one
of these 3 ain’t moving, nothing is moving … and while it would be nice to offer
crude oil, the CME and the banks make it impossible to make it work.
And since I’ve mentioned the algorithms, all have been created using proprietary
indicators and real time analysis involving hundreds [if not thousands] of hours
for each one, and have been traded by all of us here in our own accounts over
these last weeks … all are very powerful AND will make money over time … like I
said, look for the release over the next 60 days [on or before October 1, 2019].
Gold again today, putting in a vicious major reversal, one of many over these last
weeks, while the overall market goes absolutely nowhere … and didn’t that
escalate quickly to the upside？... additional TRUMP tariffs on China … how cute
… how many times have I made the point of a POLS AND Apparatchik market
paradigm？... and here we are again, with moves in gold completely hysterical and
chaotic, as not only is the spread being blown out, but slippage has to be simply
awful … 2 and 3 minute moves that go $5 PLUS up/down … WTF is all I can say
… try trading this, and they will stuff you like a rag doll.
And while nobody had any idea what Trump would do via tariffs, the subsequent
trading action tells you everything you need to know … and basically it’s what I
just said above … quite frankly this is bullshit, and gold is NOT a market you want
to be TRADING in when SHTF … on an electronic platform, the scumbag bullion
dealer banks have you right where they want you, and all you’re doing is giving
money away … if I didn’t know better, I’d be saying this type of trading action in
gold is highly indicative of a major top … simply brutal moves that make being
either long or short ‘Hoover Dam’ impossible to hang onto … over the last 30
minutes or so, the M1’s in gold putting in ranges of $2 PLUS … yea, good luck
with that … in other words, everybody gets killed … well, I’m not.
Tomorrow sees NFP … great, just what we need after tariffs get hiked today and
VIX sent through the roof … tomorrow looks to be brutal mi amigos … not sure if
we’ll be able to get gold trades off, but the other two markets will definitely
provide opportunity … until tomorrow … Onward & Upward!!
Have a great day everybody!
-vegas
No comments:
Post a Comment