“Control this globalist Elites!”
Welp! … and that pretty much sums up markets yesterday [and a few other things
as well, Bwahahahaha! … some days, you simply can’t make this shit up.] … the
only market not moving is GBPUSD, although today finally sees some movement,
where they got their own set of problems unique and different from the rest of the
world, and where the main culprits of confusion and chaos [Parliament] don’t
come back until early September … however, I have it on good authority that the
Royals are coping splendidly, where Prince Chuck of Whales & Mammals is
getting his shoelaces ironed on time, and the Duchess of Gold Digger is still
spending money … notably absent from this frivolity of course is Prince Andrew,
who’s still sulking cuz he can’t hit on pre teen girls anymore … “hey, and you
thought being a Prince was easy”?
Yesterday saw the biggest drop in the DOW30 this year … to put it in some
perspective, when I first started in the trading biz up in Madison, Wi., under the
tutelage of my mentor Bert, the entire DOW30 was LESS than yesterday’s point
drop! … thank you clueless FED, where the pickup in getting “Thelma & Louis'd”
yesterday came from FED Pie Hole Bullard, who opined “Everything Is F-ing
Awesome Baby!, and there’s absolutely no need for rate cuts going forward
… contrast this with some investment banking geniuses [yes, this is an
oxymoron] who are clamoring for “Shock & Awe” of a September rate cut of 100
basis points … ‘exactly which two universes are you two living in”?
Throw all of this together, and yes Skippy the FED has lost control … see the
“Plunge Protection Team” [PPT] lately? … where were they yesterday? … see
gold coming completely unglued, and putting in moves unthinkable just 10 weeks
ago? … where’s the “Rally Protection Team” [RPT] to shut down any and all gold
rallies? … all of this predicted weeks and months ago as surely as the sun comes
up in the East, simply cuz when you try and control volatility through overt
manipulation, sooner or later when SHTF, there isn’t enough ink or paper in the
CNTRL-P machine to cover up the fuck ups & hubris you Dimwads in the faculty
lounge caused and created.
And that has led to what we see now, which is complete and utter destruction in
markets via price moves in milliseconds … there simply is ZERO time to adjust to
the sheer scope of the panic … and it matters little if you’re long or short, cuz they
come for both sides … how about that $57 drop in gold, and the wipeout of sell
stops? … DOW30 at -800? … did you see the M1’s that were 50 PLUS points in
scope? … and then comes the Trump tweets and the assortment of Apparatchiks
paraded out to bolster markets … how’d that work out? … and Oh Boy!, here at
14:29 server time here comes the wipe out in gold to the tune of $9 per oz. out of
nowhere … have a sell stop in there did ya? … did the sell stop protect you, or did
you get filled at the bottom of that large spike? … Vaseline is on sale in the
commissary.
All of this should point towards risk control, which as I said yesterday is “Hoover
Dam” near impossible … in milliseconds, you don’t have any idea if it was
something Trump said or tweeted, the PPT that started it, or some Apparatchik
somewhere opened his Pie Hole … so, you think you risk “X”, and find out you
risked “10X” … how do you make this back?
We’re still 2 hours from the NYSE open, and already the PPT is hard at work
today, making sure the low from August 6 isn’t taken out … we just saw the PPT
do their manipulative magic, and if you were long gold you surely noticed what
happened … buckle up boys & girls, the road ahead isn’t on the trading map.
Well, it’s official! … we got ourselves a new class of Chumps traders to deal with
in gold … yup, forget the “Chuckleheads”, they’re so Asia & yesterday … we got a
new class of Europeans that show up near the European open … I will henceforth
call them “The Burgerwehr” [the “People’s Army” in German] … and lately, it’s the
“Burgerwehr” that are piling into and out of gold just like the “Chuckleheads”
… oh, you just know they’ll be making money [snark].
You look on the daily candlestick charts, and you can’t see the damage being
caused by the spikes from hell … both in DOW30 and gold, it’s like trying to catch
lightning bolts on a Kansas prairie during a thunderstorm … by the time you see it
on your screen, it’s too late cuz it’s over … again, you can thank the Dipshits
sitting in the Eccles building in D.C. for this … their policy of overt manipulation
in all markets financial can never be sustained, and when the horses leave the
barn, you can’t get them back in … and the shit you’re seeing now is a direct
manifestation of their manipulation idiocy … execution at sunrise would be too
soft a punishment.
Oh boy, some more planted headlines hitting the tape here hours before stocks
even open … DOW30. MUST NOT. EVER. BE. ALLOWED. TO. GO. LOWER. EVER.
… and of course, gold getting obliterated in the process … whatever headline is
next, not to mention probable Trump tweets and Apparatchiks paraded over to
CNBC to maintain the forever bullish vibe, grab the popcorn and enjoy the show!
And then, after the drive by shooting spree, an eerie silence falls over markets
where volumes & price changes dry up and people wander around aimlessly like
Zombies looking for their next meal … and here comes retail sales, and another
gap lower in gold … this time only a measly $6 or so, on better than forecast
numbers … in the last few hours, we’ve had 4 … count ‘em FOUR … gap lower
spikes from hell … nothing like efficient & honest markets, right?
And ever since the sun has come up in New York, and the early birds appear at
their Wall Street desks, things turn to complete shit in gold … if only somebody
could have noticed this trend long ago … like two completely different gold
markets, one in Asia & early Europe, and the other New York … they trade
differently, they run differently, the moves are different and distinct, and then
there’s the shitbox of New York and the stench of the New York banks all over
everything they touch … a bigger group of white collar criminals you’ll find
nowhere else on earth … not even close!
Going forward starting tomorrow, I’m rearranging my trading schedule to start
trading at approximately 4 AM EST … to hell with the “Chuckleheads”, they aren’t
worth watching … it’s on to the “Burgerwehrs” and their idiocy, simply cuz that 3
extra hours of trading is where some very sweet moves are taking place in gold
… today again seeing 2 great buy algorithm calls between 4 AM EST & 7 AM EST,
and after having nothing but a greeting from Mr. Jack Squat … no more! The
number of missed very profitable buy algorithm signals that have escaped us cuz
they’ve been outside our hours of interest has been substantial these last couple
of weeks … that shit ends NOW.
I hinted yesterday about the problems with the DOW30 … primarily, it’s moving so
fast up/down right now, that there isn’t anything I can do to accurately gauge a
buy signal … make our proprietary algorithm signals any faster, and you invite
shiploads of false positives into the equation at the very first hint of a fall off in
intraday volatility … I mean, it doesn’t take much at all to throw the entire system
into complete chaos with even the slightest drop in VIX … quite frankly, when the
stock indices get into their “10” back end mode [of the “80/10/10” paradigm], there
isn’t much you can do but sidestep the “shitshow circus’’ and refuse to hand them
money … I like the DOW30 as a trading vehicle, but not when pretty much all M1’s
on the chart have 20+ index point ranges … some as high as 100 or even larger
… that’s bullshit, and smacks of PPT horseshit … this market needs a Valium.
Here at Noon in New York, gold since the 7 AM EST open has been nothing short
of a nightmare trading scenario, with the “Flying Wedge of Death” [FWD] showing
up and plenty of spikes from hell up/down, reflecting panic in stocks and making
a mockery of any stop you have placed in the market … you’re simply a sitting
duck … and if by chance you’re on the wrong side of one these moves, neither
you nor I have any clue what the risk is at the moment … don’t be delusional, cuz
there’s no way to gauge the level of either the complete dysfunction of gold right
now, or the panic that ensues when somebody gets a hair up his/her ass and
pukes all over the place … and that has been happening with increased frequency
in New York lately. Outside of the panic, mystery tick lows and highs, which only
appear as blimps on your screen and nothing more cuz there’s no way in hell you
can take advantage of ‘em, gold so far in about 5 hours has about a 4 - 5 buck
range, with the FWD making life miserable for you in spades …’’hey New York,
where the hell is a frickin’ trending range’’!
One second gold is inversely correlating ‘’tick for tick’’ with the DOW30, and the
next minute they diverge violently leaving you in the dust … which market to
believe here in this manipulated horseshit we find ourselves in day after day?
Now that Europe is closed, we get to trust the scumbag banks in New York for
pricing … yea, good luck with that … like I said, start the day at about 4 AM EST,
and we got a good 8 hours before the ridiculous bullshit starts to hit. Fuck New
York … if it was up to me, I’d ban all banks from trading gold for their own
accounts or accounts they control, and those caught violating this with even
1 oz., would lose their banking license and officers & directors of said bank
would face stiff jail time … unfortunately, it will snow in hell before that happens.
The real tragedy in all of this of course, is that gold is not able to trade freely, and
unless you realize ALL moves are for the benefit of the scumbag bullion dealer
banks, both up and down, you miss the truly scandalous nature of the way in
which markets today are accustomed to moving [in the old days, we’d call this
trading, but today it’s more a manipulation scheme] … and at the heart of all of it
are the New York banks. Remember, they can see order flow, you can’t … they can
see where the stops are at, you can only guess … they operate in nanoseconds,
you and I operate in milliseconds … they know where every single one of the most
popular indicators on the MT4 are at in real time for buy/sell signals, you don’t
… and lastly, they have Pacific ocean sized money behind them, while we have
glasses of water … yes, somebody tell me again about honest & fair markets
… what horseshit … all anybody can do is read the manipulation and try to profit
from it, in an environment where risk can be controlled … and lately it hasn’t been
the reading of the manipulations that’s the problem, it’s attempting to figure where
the landmines are at that blow the shit out of a trade and take a small loss and
make it a big one [see Tuesday for details if you somehow missed it.]
So, tomorrow sees trading move to the approximate 4 AM EST start, and if the
market can settle down some, to the point where risk can be established even
minimally in gold, we’ll be OK and should see some very profitable trading
… until tomorrow mi amigos, I got ZERO tolerance for New York criminal
afternoons … I need a drink [maybe 3, yesterday was two … not nearly enough]
… Onward & Upward!!
Have a great day everybody!
-vegas
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