PUKE CITY!!

“Gold was fine until Putin mentioned the word “vaccine” … here it comes!!”

Well, that escalated quickly to the downside, didn’t it? … can’t figure out why

nobody in the Ruskie MSM didn’t ask Vlad if he had shorted gold first? … nah,

what a humanitarian! … and what with the “Robinhood Dopes” having gotten

fleeced in NASDAQ, and moving over into the “easy money” of gold & silver [what

can go wrong?] ETF’s GLD & SLV respectively, here comes the hammer … after all,

who’s left holding the bag at the top?

Quite frankly, the trading algorithm is not meant for “insane” markets on meth

… “and in no uncertain terms, today’s $98 dollar range [so far] in gold fits neatly

into this category" … I knew when I first looked at my screen very early today, that

the wheels had come off the wagon in gold, and the best course of action was to

leave it the hell alone … M1’s making ZERO sense up/down, in violent spikes from

hell … what threw me for a loop, was that both EURUSD & GBPUSD started to rally

as the gold drop quickened and went deeper … “I don’t know which market is

lying, but clearly one of ‘em is, and I’m betting that its the FX pairs thinking gold

will rebound … it didn’t, and both EUR & GBP come well off the highs and then

below the midpoint range of the day, and unless gold can recover miraculously, I

don’t see any hope for an extension of the ranges to the upside in FX … why

would they”?

It’s becoming clear lately, that EURUSD is performing better than Cable in terms of

trading activity … and with approximate 50% LESS in terms of cost of trading, if

you’re gonna get about the same from each, why pay the extra freight in Cable for

nothing? … starting today, my mix of focus just added EURUSD, and more than

likely it’ll be the prime candidate for tomorrow’s trades in the PAMM / MAM … what

we’re seeing in gold today is an absolute bloodbath for the specs … scumbag

banks I’m pretty sure getting healthy today on their massive short positions

… that $50+ billion they were in the hole is a helluva lot smaller today than it was

48 trading hours ago! … and it’s also clear, that while gold still can be an

attractive trading candidate going forward, when the M1’s get so insane they go

$3 - $5+ in seconds, it’s time to “walk away”, cuz if you don’t you might as well

be in front of a roulette wheel.

Quite frankly, I have no idea where gold ends up today, nor do I care … what I care

about is how it trades … and it’s got all the mental health of inmates at the nut

house at present … you touch this shit, and nobody knows what happens next,

and that’s not trading that’s gambling.

No trades today in the TURNKEY PAMM / MAM.

Gold needs to take a valium and call somebody in the morning … tomorrow sees

me in EURUSD for some algorithm trades … until then … Onward & Upward!! 

-vegas