“Logic to get through the day!”
Worst day of the week for at least half of ‘Murica, cuz we’re days away from more
football … used to live in the Southeast, and come Fall, the only thing that matters
is the SEC … markets focused today on the ADP employment report, which came
in 5K short of expectations, although revisions of prior reports were revised lower
… just another chance for banks to skim specs a “new one” in the 60 - 120
seconds after the report hits, where they’ll steal more money than Bonnie & Clyde
did in their entire careers.
Today sees markets hijacked and held hostage to the ADP report … now that it’s
out of the way, we’ll see what the day holds with a number of FED PIE HOLES on
tap for further shits & giggles … gold meanwhile continuing its untradeable
conditions with some of the worst bid/offer spreads & slippage I’ve ever seen
… it’s a complete “circus shitshow” … laughable really, just completely
unacceptable, and if they don’t get their shit together pretty soon and clean their
act up, there won’t be anybody in the world who will trade it … then they can deal
among themselves to see who the bigger thieves are.
Directly below is what I’m talking about, where inside of a millisecond these
scumbags manage to screw a bunch of traders on both sides with slippage.
click on image to enlarge
And the bank & brokerage house response? … frickin’ crickets … they steal what
won’t get them indicted. Take a look at the spread + slippage, then take a look at
the average M1 range for the trading day since 14:00 server time [7 AM EST]
… the average range since 7 AM EST in gold is approximately 70 cents … the
current 20 Day Range MA in gold is about $23 … 3% of $23 is 69 cents … so, each
M1 has 3% of the days average range!? … and if I get clipped 50 cents or more
with spread + slippage, somebody out there tell me how anybody makes money,
when it has to go $1+ in your profit direction for you to frickin’ break even?
… and that answers the question of why they open your account, ask no
questions, and allow you to trade … so when I say it’s “untradeable”, I’m not
blowing smoke out my ass, but giving you the breakdown of why you have to
stand aside until conditions get better … this is the third day in a row … it won’t
stay like this, cuz if it does, nobody will trade it.
All that is really happening in gold, is the “Comex Con Game” … roll the rock back
up the hill in a panic, so the banks can play the same game they’ve played for 20
years … which is, sell the rallies to specs, buy the breaks from specs, and with
unlimited FED help and almost free FED money, game the system ‘til it almost
breaks … “can I live long enough to see one or a group of the bullion banks go
bankrupt? ... I can dream can’t I”? … hopefully, conditions will return so I can
trade this puppy, but what I’m seeing now makes it a “no go”, but understand
we’re dealing with criminals, especially in New York afternoons where the New
York scumbag banks make the market, and they will pull every trick in the book
to separate money from your account into theirs … just look at the M1 @ 20:48 &
20:49 server time and tell me there isn’t something crooked and nefarious there?
… bullshit, and the last few days proves it in spades … as I’ve said before, New
York is simply a vehicle for money laundering on a grand scale the world has
never seen before, all with the explicit blessing of Apparatchik government.
Meanwhile, the sudden dramatic “sigma” misses on economic reports has
spooked the stock indices, especially the DAX30, which is getting beaten with an
ugly stick … so to the DOW30, SP500, & NDX100 which have had ZERO BUY
SIGNALS in today’s NYSE action … when you study & understand the “Trading
Course” [TC] algorithms, you’ll know why buying today has been put on hold
… and that pretty much sums things up for the day … this is disappointing, but it
is October, the most disruptive month of the year … PAMM trading will pick up
tomorrow.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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