PREPARE FOR THE PROPAGANDA

“No worries … I haz gots everything under control!”

It will start today, now that the faculty lounge Twits have met … and what starts is

the propaganda that “Everything Is F-ing Awesome, Baby!”, and really there’s no

need to cut rates further cuz we’re in a “Goldilocks” scenario … moderate growth,

inflation under control, economy expanding moderately … “oh, isn’t everything

wonderful, and aren’t we just the smartest people in the world … you’re

welcome”!!

Of course, this will elevate stocks and make life miserable for gold, but that’s the

point … cuz from now ‘till the end of the year, it will be non-stop talking up the

U.S. economy, and how wonderful earnings will be once corporate America gets

going again, and how double wonderful when Trump ends the trade war, etc., etc. 

… buy MOAR! now before it’s too late! You heard it here first.

It’s not only Friday, but it’s “quad witch day” for the stock indices … lots of last

hour action, but very little in between … in other words, a nothing burger. Cable

jumping on some “Brexit” bullshit, so what else is new? … gold putting in one of

its worst daily ranges since before June 1, as the market simply has no fuel in

the short term … that got taken away on Wednesday, and it remains to be seen

going forward if anything can get the “MOMO” back … quite frankly, it feels like it

could be months of consolidating with very quiet action … maybe, maybe not,

we’ll see.

With ranges so tight and awful, we’ve gotten dozens of algorithm buy signals in

gold, DOW30, & DAX30 … too bad they don’t mean anything, cuz with no action I

can get a gold buy signal and then wait 20 minutes for a 15 cent per OZ. profit, or

a 15 cent loss … “false positives” through the roof, and at the end of the day

maybe your up a little, maybe your down a little, who cares? … point is nothing is

moving, and all it takes is ONE spike from hell and you’re toast for the day cuz

you can’t make the loss back … when conditions go to shit, this is a major

problem, along with the fact that you don’t know if things pick up or remain dead

the rest of the day … volumes dwindle, liquidity dries up, and players back away

cuz they know it means trouble … it’s a self fulfilling prophecy.

I’ll have to wait and do the numbers, but I’m expecting to see 20 Day Range MA’s

take a big hit this weekend, in everything we follow but Cable … Cable [GBPUSD]

is starting to heat up slightly from Summer doldrums and political bullshit left

over from Theresa May’s ugly stint as Prime Minister [PM] … if there ever was a

more ineffective and globalist shill as PM, I’ve never seen one … she was awful.

Hopefully, Cable stays more active as we work through September to the

Halloween “drop dead” Brexit expiration date … looks like the 20 Day Range MA

will go above 110 PIPS, which just happens to be our volatility floor for the pair

… if so, I’ll start trading it using our proprietary Cable algorithm.

For those who have been readers of the blog for a while now know, I’d trade “dirt

futures” if the conditions were right … I’m not married to a market … to that end,

if Cable “green lights” itself, I’ll be there … even in less volatile periods than what

we are witnessing now, the Cable algorithm is excellent for profitability … those of

you that prefer an FX pair to other markets, once you get the algo in your hands,

you’ll soil yourself with how “Hoover Dam” good it is, no matter the Asian,

European, and/or U.S. sessions you come to trade. I’ll have much more on the

various algorithms this weekend on the blog update on Sunday.

Afternoon in New York now, and I feel like I’m at a funeral … “let’s bow our heads

and have someone say a few nice words about the deceased, shall we”? … good

grief this is pathetic … stocks will most likely gyrate wildly in the final hour, but

other than that, it’s “deadsville” across the board, with even Cable going silent

now. All anybody is left with now are the “CRIMINAL ENTERPRISE” banks in New

York [DOJ’s words, not mine] and general “scumbaggery” … nothing new under

the sun.

Well, that escalated quickly, didn’t it? … of course, FED Pie Hole Bullard on the

wires talking recession, and at the same time auditioning with Trump for Spicoli’s

job once he’s fired … err retired … umm, a gig at JPM … whatever … and SHTF

in a nanosecond as gold spurts and stocks “Thelma & Louise”... WTF do you do

with these asshats, and how the hell do you trade any of this bullshit? … and if

you got caught long stocks via the DOW30, how the hell do you make this

disaster back today? … well, you don’t … thank you central bank manipulation

in the “POLS & Apparatchiks” paradigm of trading … “speed of light, or F-ing

crickets … nothing else”. And around the same time, the ChiComs announce a

cancellation of a planned agricultural trade trip to Montana … so, another “China

trade deal” clusterfark for those buying the horseshit for the millionth time

… sorry folks, no way to trade this shit when it’s like trying to catch lightning

bolts on a Kansas prairie during a thunderstorm … by the time you see it, it’s too

late … just what we need, more fucked up markets.

So let me get this straight … according to ZH, cancelled ChiCom agricultural

trade trips now account for a $10 pop in gold? … I can’t even describe how

messed up the thinking is here, considering nobody believes there’s gonna be a

credible deal anyway until 2020 … and even if there is one, check the fine print to

see how it’s gonna be verified … so, another “dashed hopes” moment for the

trade deal crowd … you simply can’t make this shit up and have anybody sane

believe you … unreal … might as well trade pork belly spreads off of astrological

charts, than listen to the asshats in the financial MSM.

Up until the Bullard Pie Hole & ChiCom news, action that can only be described

as dead … well actually, that’s an insult to the word dead … Turnkey’s bid/offer

spreads for the most part today not to awful, except for crude oil which is a joke

… gold is/was normal, Cable normal under 1 PIP, and the DOW30 overpriced at 3

even though it’s quoted 1 - 3 with some 2’s in there … but scumbags being

scumbags, you’re gonna get 3 if you push the buy/sell button, and that’s before

commissions … before Europe closed, the DAX30 simply awful today with a

pathetic 71 index point range and the spread was normal around 0.8 index points,

give or take a tenth.

Now after the manic blitz, things back to dead … I hate shit like this and it irritates

me to no end that this is what markets have become … what utter bullshit … in

any event, it’a a “quad witch day” which I want to avoid more than a Libtard

… blog update on Sunday … until then mi amigos … Onward & Upward!!

Have a great weekend everybody!  

-vegas