WILL WE EVER KNOW THE TRUTH?

“Shit happens … there, feel better!?”

I would really like to know who let this virus loose on humanity ,,, it sure as hell

wasn’t from “bat soup” … finding out who is responsible is harder than getting

an answer from a scumbag LP bank on why your fill was so bad … I don’t ever

see it happening, and quite frankly it could be anyone in power.

Aside from the human toll, which is obvious, the virus has “laid bare” for all to

see, the “emperor has no clothes” approach from central bankers … their self

proclaimed omnipotence was always a lie … they knew it, but as history teaches,

tell a lie often enough and most end up believing it.

The market devastation from all of this has been the fastest in all of market

history … another “one off”, like the ‘87 crash, or is this something to look

forward to in the future? … from a disaster scenario over the last TWO years, is

it a “coincidence” these crash disasters keep happening, or is there something

at work nobody wants to talk about? … how many crashes do I have to list?

… Yen crash, Pound crash, the infamous EURCHF crash, and now stocks crash,

and it would really be helpful if stocks would stop this multiple thousands of

index points per day horseshit we’ve seen for weeks on end … ditto for the

almost $50 - $100 per OZ. days we’re becoming accustomed to in precious

metals … seriously, WTF is this about? … how is anybody supposed to approach

a market with any sense of risk exposure, if we are constantly exposed to the

“scumbaggery” of LP banks, central bankers and their manipulations, and then

suffer when SHTF and trading conditions deteriorate to the point of making a

mockery of the trading process? … as I said previously, it’s the “terror” of the red

M1’s, cuz when they turn and start going down, nobody knows or has any clue

what’s about to happen, and I’m not talking about normal moves lower, I’m talking

about red spikes down that are account killers in seconds … I guess it’s OK now

to have this present in markets? … sure, as long as it’s retail specs that lose and

banks that gain, then it’s OK … when the shoe is on the other foot, the scumbag

banks blow the bid/offer spreads out and put the slippage meter on “triple fuck

you” MAX to insure they aren't going to be taken advantage … and as markets

recover from the last week’s obliteration, make a mental note of how many

players ain’t there anymore, and how markets seem “disjointed” without smooth

price flow.

I am not at all optimistic about what lies ahead for financial markets in terms of

trading conditions … only FX looks & feels “normal”… everything else, put

lipstick on a pig and what do you still have? … market moves are likely to

become even more “effed up” as liquidity and volumes dry up, especially in

metals & stock indices … after what has happened, I don’t think traders will come

back to these markets … I could be wrong of course, but I just don’t see many

giving markets the “benefit of the doubt” as they look at their destroyed trading

accounts and ponder the manipulations … gold is infamous for this, and again &

again we see the trading public “duped” over time in regards the belief gold is a

“hedge” against rough times … whose “rough times”? … fresh off this latest

“betrayal” by our favorite yellow pet rock, how many times in your trading lifetime

do you give the gold market “a pass”? … my guess is many are walking away for

good … and what stings the most for many people, is that they planned and

structured their accounts and placed gold at the top of the list to mitigate any

downside exposure, secure in the belief that if stocks somehow collapsed, gold

would shine and they’d be better off for owning it … so they ended up being

“right”, and then losing even more money for doing it … “I’m pretty sure some

“F bombs” have been dropped by more than a few, as they either look at their

own self directed trading/investing, or send greetings to their “advisors” for

making it worse” … what happens next is an entire generation of traders walks

away, never to return … so in the weeks / months to follow, when you’re sitting

there and wondering why nothing is moving or doing anything, regardless the

news flow, remember you heard it here first.

The sun is coming up today in Gotham, only to see the SP500 “LIMIT UP” … is

this the new pork belly pit? … this is not good, and this is not what financial

markets need to see … this panic up, then panic down, rinse & repeat bullshit has

got to stop! … if it doesn’t, it will only make their demise faster as trading

vehicles … faith in these “markets” to adequately portray price discovery is

being destroyed … this latest maneuver, simply Manipulator HQ lifting price to

screw shorts, and make whole the banks who bought the panic low … want to

know what needs to be done to permanently stabilize financial markets?

…  PROHIBIT BANKS FROM TRADING THEIR OWN PROPRIETARY ACCOUNTS

IN ANY SHAPE, MANNER, OR FORM! … no shell companies in the Caymans, no

third party partnerships, no interest WHATSOEVER, directly or indirectly, in

whether stocks go up/down, and act ONLY as middleman between buyer & seller

THAT DOES NOT INVOLVE THE BANK IN ANY CAPACITY … and if you get

caught, officers & directors go to jail, the bank loses its banking license, and the

firm is dissolved … THAT’S WHAT WOULD STABILIZE MARKETS! … however, it

will never happen cuz to many people in power get their cut from the daily

shakedowns.

And so, coming into today’s trading session, has anything changed from

yesterday? … no, not really … other than the manipulators have decided today is

“risk on”, and it’s safe to swim in the water after blowing a shipload of people to

pieces yesterday in a complete panic sell off … how many times do I have to say

this? … read the manipulators correctly and you win, read them wrong and you

lose … it doesn’t matter what you think … there are NO “fun-durr-mentals” in

anything … every single market ONLY listens to the “Masters” voice, and that’s

it … this is the reality markets find themselves in now.

According to my trading screens, “EVERYTHING IS F-ING AWESOME, BABY!”

… again … until it isn’t … and then it will be panic the other way … what a

fucking joke this biz has become … the only ones getting rich off all this bullshit,

are the companies that provide toilet paper to Wall Street trading firms … I’m

sure their biz is booming!!

Oh, isn’t today a beauty? … you like roller coaster rides? … didn’t think they

could slaughter gold again today, down another $90 per OZ. from the high earlier

[so far], and the carnage in that complex is an all out disaster … stock indices on

another multi thousand index point swing day, and some of the FX, like Cable

[GBPUSD], getting taken to the woodshed for a beating down into the 1.23

handle … haven’t seen this in a good while, but on the bright side, trading

conditions have been orderly for the most part, and the spread has only widened

by about ½ PIP overall … with the BOE cutting rates down to almost zero,

nothing to really support it and next week for Cable looks to be a nice wild ride

as well … up or down it’s moving, and that’s all we really want! … I’ll be trading

Cable for the PAMM / MAM next week.

One algorithm trade in USDJPY today … TURNKEY PAMM / MAM UP A HAIR

LESS THAN 0.1%

I’m finishing the week on a very light volume trade schedule, simply cuz I’ve

never seen in my decades of trading experience a week quite like this … “this is

insane, this is SPARTA!” kind of a week… at the start of the week, I wasn’t sure

how FX would handle the stock crisis, and which central banks would act and

which ones wouldn’t … who would cut rates, who would start the CNTRL-P

machines, and who wouldn’t? … granted, the BOJ was a lock to do something,

but the others maybe, maybe not … whether FX would gap like crazy like stocks

and come totally unglued and see multiple hundreds of PIP moves in bat shit

style, or be more subdued? … those questions have been somewhat answered,

and the good news from this week is that FX found its VIX back, but not in a

market destructive mode like gold or the stock indices. So, while gains are a tad

on the light side for the PAMM / MAM this week, take the week in context and the

gains help get us to my goal of doubling, at a minimum, the returns for 2020.

As I said earlier, this everyday bullshit of stock indices moving 5% - 10% per

day up/down is bullshit … if anything, the FED simply needs to stabilize markets,

not send in the PPT in the middle of the night, ramping up the SP500 “LIMIT UP”,

like it’s back month coffee on a new crop report … this is destructive behavior,

and if allowed to continue, these dipshits will totally ruin trading in these

derivatives for years on end … and given their propensity for being morons, in

all likelihood this is the most probabilistic outcome. What also needs to happen is

for the financial “earthquakes” to stop happening in the “wee hours” of pre-Asian

session trading, cuz that is as destructive as the PPT … they need to give this

shit a rest.

As long as Cable can provide a modicum of IVIX, the algorithm signals it throws

off are a traders dream … today the exception with a very large range, well above

its 20 Day Range MA, by multiple “sigmas”, but nobody needs hundreds of PIPS

a day … great if we get it, but don’t need it … quite frankly given its history,

“The Widow Maker” historically is a better trading pair than USDJPY, simply

cuz you’ll get more trading signals … so, while we don’t need it, let’s hope Cable

keeps these ranges intact going forward.

So starting next week, I’ll be keeping my trading eye on Cable and then

secondarily USDJPY, trading bigger volumes, unless we have another 

financial tsunami, where I’ll scale it back some … blog update on Sunday … until

then mi amigos … Onward & Upward!! 

Have a great weekend everybody!

-vegas