Well, the political scam known as the “U.S. of China” isn’t ever gonna end,
and unfortunately the country is over … it hasn’t even been a week and already
Creepy Uncle Joe has signed more E.O.’s [executive orders] than other Preezys
combined … the most insane E.O., the one that bans the use of the term
“China virus” … I guess his master doesn’t like that much … “does this sound
like a “democracy” to you”? … even dictators don’t do this! … but the “scam”
I’m talkin’ about is in the financial realm, cuz in reality every bit of trading once
action reaches the Wetern Hemisphere and U.S. shores, is nothing but “protect &
defend” and one large money laundering scheme that moves money from traders
of all stripes to banks, which then goes to POLS, Apparatchiks, & of course
regulators, under the table or in Bitcoin e-wallets.
The latest insanity involving a stock called “GameStop [GME]”, that’s gone from
0 to almost $400 on millennial “Stimmy” checks from Uncle Sam to bucket shops
like RobinHood, and now the world is coming apart at the seams cuz hedge funds
who are short the POS are going under and need rescuing … “does this look &
sound like a stable financial system”?
Another day, another “Asia flies, the rest of the world dies” meme at work,
however we’re told today is cuz it’s “FED decision day” and traders are holding
off ‘till 2 PM EST, when the Oracles in the Eccles Building release their fairy tale
assessment of all things financial … FUBAR on steroids, and what do the faculty
lounge Lizards do about GME and the buckets of blood from the elitist
community? … do I smell bailouts coming?
The absolute dearth of volatility in traditional markets, followed by volatility
super-nova explosions, is stunning, as the manipulators continue too “stick it” to
those stupid enough to hang around and try and trade anything FX or
“Stock Bellies”, cuz they are getting chopped to death day-after-day and feeding
the scumbag LP bank manipulation machine, and then get stuck in one of these
VIX explosions that blow their accounts to bits in literally minutes if not seconds
… it’s sickening to see once great & vibrant markets reduced to F-ing corn
spreads, then at the snap of fingers a craps game in Las Vegas … one look at the
criminal behavior today in the metals, with the usual running and raping of sell
stops, followed by the viciously fast rally, and it’s another great day for the
scumbag bullion banks at retail spec expense … seriously, who needs this
bullshit? … when does this scam end? … hell, silver is where it was 6 months
ago, and in the interim specs mauled to death.
The only markets left are crypto, and if you’re not trading them you’re making a
very big mistake, cuz they’re the only relatively “honest” group of markets left to
trade … and quite frankly, with no pleasure in saying this or engaging in
hyperbole, the U.S. is meaningless to crypto and pretty much all of the worthwhile
trading action is coming from the Asian session into the early European session
… from then on to the New York afternoon close it’s a bucket of flaming shit
… today no exception.
Meanwhile, over in the energy complex, nat gas sits and in crude it’s “Lottery
Wednesday” via crude oil inventories, so no need to bet on the ponies, just lay a
crude oil bet and pray … what a fucking joke … but, to be brutally honest about it,
this is what U.S. markets have become … a joke … with a political establishment
hell bent on destroying the country but enriching the 0.0001% via the CNTRL-P
machine, what do you really expect to happen? … the reason they all hate crypto
is simply cuz THEY CAN’T CONTROL IT!
As for trading today, it would be nice if gold & silver could actually reflect reality
now & then, instead of being under the yoke of the sell side manipulators, but it is
what it is, and the brutal reality of the metals is you need the “MOMO wind” at your
back when you get long, or you risk getting hunted down and stopped out
… thanks but no thanks, we’ll wait and capitalize when appropriate.
Over in crypto land, both BTC & ETH are taking on monolithic trading schemes,
where the “whales” are adopting the same manipulative practices as the central
banks in other markets not crypto … in the alt-coins, this is very much NOT the
case, and as I said the other day my favorite is DOT [PolkaDot] … here,
“fear & greed” the overwhelming market drivers of price, and these alt-coins like
to run … too bad they crawl during U.S. hours.
Starting today [tonight actually], I’m going to be shifting my crypto hours for
“The Syndicate” … I want to be there when the “Chuckleheads” move crypto,
then come back during U.S. hours when I’ve gotten some shut eye … it should be
much more profitable for us, cuz quite frankly I’ve had it up to my eyeballs with
bullshit U.S. trading conditions in just about everything.
I think we’ve reached the tipping point with LP based trading platforms versus
“open order book” platforms, and the trading world is voting with their
pocketbooks by moving to “open order books” … these thieving asshole LP’s
provide ZERO transparency, ZERO accountability, horrible bid/offer spreads,
“fuck you” slippage on MT4 or MT5 platforms, along with ALL of the proprietary
platforms that mirror Metatrader, versus the exact opposite on the “open order
book” platforms … the difference is night & day!
I didn’t do any trading today in anything … at Turnkey the metals are a joke, and
over at PHEMEX, pretty much all the action in DOT happened overnight, so not
really anything to do waiting for the feckless Dopes from the FED to roil markets
later … onto tonight’s Asian session … “Go Chuckeheads!!” … we’ll see what
happens.
Until tomorrow, I’m outta here … I’m full steam ahead! … Onward & Upward!!
-vegas
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