“Look out for the debris field!?”
Well, that escalated quickly didn’t it? … just your run of the mill currency
devaluation by China in the middle of the night, that sees markets go apoplectic in
seconds … other than that, biz as usual … and here as the sun comes up in New
York, just another overnight range in gold that is $25+ to the upside … New York
again proving itself almost useless when it comes to metals trading … watch how
fast trading decelerates into complete shit once the scumbag bullion banks take
over … meanwhile, U.S. stocks take a powder to the downside. At what point during
the NYSE day, does the ❝Plunge Protection Team❞ [PPT] show up?
What really is there to say about a day like today, that isn’t related to POLS 🙴
Apparatchiks? … seriously, that’s all there is anymore … panic up and then panic
down … somebody tell me, what’s a market? … gold seeing 7 hours of gains wiped
out in less than 30 minutes cuz the DOW30 rallied … and down we go over 17
bucks on sell stops.
This isn’t a day I want to buy the DOW30 … not that you can’t make any money on
the long side, but more the downside spikes from hell wipe out gains faster than
the bogeyman in a kid’s bedroom … gold for it’s part completely off the charts as
a trading vehicle, with levels of panic not seen in many a year … thanks POLS.
Quite frankly, gold is less a trading market than a manipulation scheme, and
today’s disjointed, fractured, rips from hell in price on both the upside and
downside proves my point … I’m not a trader that gets the yips from FOMO
[Fear Of Missing Out], and I could care less where gold or the DOW30 trades at
… they are simply numbers to be traded, and if they aren’t behaving I step aside
until they do … makes no sense to think of ‘em any other way.
Markets today are simply violence … thank you POLS 🙴 Apparatchiks … people
get caught long and then short and then have to react negatively … how come the
scumbag LP banks never get caught the wrong way? … where are all the retail
spec account yachts? … and for all the panic today, as I write gold is only a few
dollars from where it was 6 hours ago … again we see what New York does to
gold when Asia actually has a tradeable market … New York being nothing more
than a Ponzi scheme most days for any market.
I get up today, looking forward to trading some DOW30 from the long side, and
after checking the screen for two seconds, I realize that ain’t gonna happen cuz
the violence on the downside outweighs anything you might gain from being long
… that doesn’t mean it’s a slam dunk short, though, cuz we got the PPT to deal
with at any moment, along with Trump tweets and Apparatchiks that could walk
out to the microphones and say something that changes the dynamic as well
… what it does do is change the dynamic of the spikes from favoring longs to
favoring shorts, and if you one second too late at the turn lower, you’re toast on
the fill … in short, not much advantage at all to being long today from anywhere
… best left to see how it plays out today and the rest of the week … trust me,
though, they’re not gonna let the DOW30 just sink into the sunset.
Gold on the other hand, a completely different animal that looks to suck in every
last spec nickel before the banks pull the plug … rinse, repeat, and the con game
here continues. New York today a complete mess in terms of trading action.
Cable today, simply not worth looking at, as they’ve got their own set of problems,
and the market basically dead.
The ramifications of the China devaluation, not really fully manifest in markets
today … in other words, there’s a lot more scope for panic and violence in the
days ahead, and of course look for the POLS 🙴 Apparatchiks to have a helluva lot
of input into that when it comes … Cable dead, the DOW30 not friendly to buying
today, and gold on meth … some set of circumstances to face … tomorrow
should see better conditions across the board, and look for the PAMM to be doing
some trading … until then mi amigos … Onward 🙴 Upward!!
Have a great day everybody!
-vegas
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