“Ahh yes, just waiting for that honest trading market in gold!”
Mark this day on your calendar, cuz it’s the day the “paper” gold market went
“F-ing BOOM!” … since last night’s Asian open, gold has been quoted with
anywhere from a $2 bid/offer spread, to as high as $25 spread, and here just
before the crooks on Wall Street hit their desks [or screens], it’s about $6
… clearly, this market is FUBAR … good luck to the crooks at the LBMA, cuz
ain’t nobody gonna trade gold with these conditions … not even pure dopes
are going to hand you this kind of “vig” … I hope y’all go bankrupt!
Quite frankly, I was wondering these last days when something like this would
happen, in one of the world’s most corrupt markets … “paper” gold having
almost ZERO correlation to the “physical” market, where demand is exploding,
premiums for physical is very high, and supplies are very, very tight … and now
this bullshit. Will the U.S. market, once it gets going here shortly, have the same
conditions as overnight? … we’re gonna see shortly.
Well, the “early birds” are on the scene in New York, and in its present form,
gold is untradeable, with futures carrying $50 spot premiums over basis, and
XAUUSD so fucking messed up, one screen says it has a bid/offer spread of
$1.50, and another says it’s at $15 … thank you market manipulators, yu’re doing
a “bang up” job … and now @ 7:22 AM EST, Turnkey showing an XAUUSD
bid/offer spread of $40 … now $33 … “hang on fellas, let me put some more
money in my account so I can get in on this clusterfark”! … what a fucking sick
joke this is … and for the record, it’s just as bad if not worse at CRYPTO
ROCKET & PRIMEXBT, so it’s not the brokerage houses, it’s the scumbag bullion
dealer bank LP’s … this is what happens when a market is so corrupt & filled
with scumbag dealers, that when SHTF, all kinds of unexpected events start
happening with unexpected consequences … and even “IF” conditions return to
normal today, you gonna trust these assclowns to NOT pull a fast one on you, as
you enter any kind of position and then … BOOM! … the spread goes out to $40
again in a heartbeat, your stop gets set off, and before you can blink your eyes
your account is gone! … oh, so sorry, please come again! … fuck these clowns,
my wish is for them to all go bankrupt! … another market, just like silver &
platinum, that’s been destroyed through market manipulation & pure greed
… quite frankly, and I hope I’m wrong here, gold as a market trading vehicle
might be over, cuz I don’t know how this market gets the trading public’s trust
back after shit like this … this is an embarrassment, a disgusting mess, and once
that trust leaves, good luck getting it back anytime soon … couldn’t happen to a
bigger group of elitist, globalist, corporate assholes who deserve nothing but
scorn and financial ruin.
Well now, here a second ago now that Chicago futures are open, XUAUSD saw
the bid/offer spread go from $1.57 to $30 in 1 second … and if you thought you
were getting a “deal” when the spread came in, what do you do now that it’s
blown the fuck out to the edges of the “Grand Canyon”? … good luck Skippy!
… these people should be shot, but that would be too good for them. “You had
a nice run gold, RIP! … EXIT QUESTION: How do you ever trust these assholes
to make a legit market in gold ever again after today’s complete clusterfark?
… [HINT: YOU DON’T]”
Directly below, cuz I know there will be some people who think I’m full of shit &
making things up, a screenshot of the “LIVE” account at Turnkey @ about 2
minutes before 10 AM EST … XAUUSD with a $4190 bid/offer spread … read it
& weep.
Meanwhile, over in “stock bellies” land, where futures are locked limit up until the
NYSE open, here about 30 minutes after the NYSE open, here are the TURNKEY
BID/OFFER SPREADS FOR INDICES: DOW30 6 - 10+, SP500 1.0 - 2.0, NDX100
2.5 - 5.0, DAX30 5.0 - 8.0+, & FTSE100 2.5 - 4.0 … Now, here are the CRYPTO
ROCKET SPREADS FOR INDICES: DOW30 2.27, SP500 0.49, NDX100 1.12, DAX30
1.20, & FTSE100 1.77 … somebody needs to have a talk with their scumbag LP’s!
OK, after the short wake & funeral for gold, it’s time to remove the black suit and
move over to FX land … living up to its reputation from decades ago, GBPUSD is
once again “The Widow Maker” … sometimes markets just sleep for a while,
waiting for the moment to come again where they take the limelight and rip new
donkeys up & down the retail spec spectrum … of course, those “experienced”
traders with 6 months trading under their belts, will no doubt be asking, “WTF is
this”?, and if not careful will be taking orders at Carl’s Jr. [if they’re open] as a
new career choice … when Cable goes “Widow Maker”, you can’t fuck with it or
let the dragon burn you alive … if a trade goes sour, you have to “cut it” NOW,
and come back again, cuz if you don’t this market will carry you out toes up
… been there, seen it, & know of people who had it happen to them … don’t be
one of them!
I had told myself earlier, that if the morons running gold can’t get their shit
together by Noon EST, and make a market that can be traded, then screw ‘em &
time to move on to FX … well, it’s Noon and it’s as bad as it’s been all day, so
adios to gold.
Cable as wicked as it’s ever been since the 2008 crisis, and with the way things
are going, expect this to continue into the foreseeable future … giddy up. I feel
like I’ve somehow become permanently stationed in “The Twilight Zone” … is it
possible markets can get any more “F’d up” than what we’ve seen over the last
couple of weeks … first the “stock belly” indices collapse, then interest rates
collapse concurrently at a pace never seen before ever, and now gold so messed
up who knows if it ever trades “right” again, and now Cable wakes up from a
decades PLUS “sleepytime” and goes bat shit crazy like back-in-the-day, and
bid/offer spreads become something to keep your eyes firmly fixed upon in FX
… when does this half hour episode end so life returns to normal?
And for those of you wondering, this is what daily trading life was like back in
the days of “pits”, when the D-Mark, Swissie, Jappy, & “The Widow Maker” ruled
market action … never a dull moment, and don’t go to the little boys room with a
position, cuz you may not like what happens next … 200 - 400 PIP ranges
everyday in Cable, and 100+ PIPS per day in the rest … ahh, good times! … the
difference , though, between then and now is that the scumbag LP banks control
order flow and can see orders, along with stops, and we can’t of course.So, onto
the FX scene, where I’ll pick things up in late Asia tonight and go from there.
Again today, I’m going to remind people to get protected online … 1) use a
secure, private, totally anonymous, encrypted email provider … I like, and I use,
… it’s easy to setup & use, and it’s fantastic for “streaming services”, like the
MT4, Netflix, Hulu, YouTube, etc … use the promo code “50FORLIFEBUNDLE”
[without the quote marks] and get 50% off the annuall sub price of $59.99
… that makes it $29.99 for the entire year, and you CAN USE TORGUARD
SIMULTANEOUSLY ON 8 DEVICES … pay with BTC and your up and running in
a couple of minutes … when paying with BTC, the entire billing is anonymous
when using your private email service … nobody knows you & more importantly
nobody cares! … and if you don’t want to use my recommendations, fine with
me cuz I’m not getting paid to shill for them … I use them and I like them, simple
as that … you have others you want to use, go for it … point is, JUST DO IT!
No trades today in the Turnkey PAMM / MAM.
Now that gold is dead, most of the day was spent waiting to see if gold could get
back to normal … it didn’t, it won’t, and so adios … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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