“Which is worse, silver or the stock market? … some choice, huh?!!”
All eyes in the trading world were on silver last night at the Sunday night open
… historic demand for physical not seen for decades over the weekend, mainly
due to the efforts of the “WallStreetBets” crowd, who for the moment have their
sights set on the shiny grey rocks … “well, good luck with the class warfare
battle against the CNTRL-P machine at the FED, AND JPM, one of the worlds
largest holders of physical silver … and while I’m not predicting it will happen
today or even this week, just a word of caution of who you’re up against, cuz they
have more money than you! … and when they allow you to rally it and stay long,
you’re gonna eventually put a sell stop underneath the market to “protect” those
gains … and when you sneeze, they’ll bury silver in an avalanche of FED “off the
books” IBC tax haven selling that will see 20,000+ contracts of silver get dumped
within about 90 seconds, and wherever your stop is, it gets filled at the bottom
… here’s my recommendation … use maxipads instead of band-aids, cuz they
can soak up more blood!
And if you think the screams of “market manipulation” have been loud & clear
since RobinHood pulled the plug on GameStop, you ain’t seen nothin’ yet when
this comes … and come it will … the “Rally Protection Team” [RPT] will eventually
bury you … my guess is that the off hours after the NYSE close to the Asian open,
or right around 8 - 9 AM EST, first thing in the morning, are the times of choice to
bury you … you’re welcome!
Turnkey’s MT4 upgrade was a complete dud … all they did was get rid of gold &
silver priced in AUD, bring back H33HKD [Heng Seng 33, Hong Kong] and get rid
of the H50HKD, and place the crypto pairs in a directory labeled “TEMPORARY”
… BIG WHOOP … “it’ll be “temporary” all right, if they don’t get their ass in gear
and realize their crypto pairs are complete ripoffs … I can’t imagine anybody
trading crypto at Turnkey, given their penchant for bid/offer spreads that are all
over the place, giving the scumbag HFT LP the handy excuse to hand you a shit
fill and then claim, “duh, market conditions, duh!” … they really do think we’re all
dopes".
Silver from the open to early New York trading seeing horrible bid/offer spreads
… Asia mostly 5 - 10 cents, Europe about 4 - 5 cents, and then New York comes in
and it’s under the usual 2 cents … there really isn’t anything you can do when they
don’t want to make a fair & honest market except sit and laugh at them
… meanwhile, crypto completely paralyzed the entire day! … by far, this is the
worst range day in over 2 months … you have to go back before Thanksgiving to
get the small ranges we see today … I’ve been watching DOT [PolkaDot] most of
the day, and for the last 8+ hours it’s a horror show, with almost no activity except
very brief bursts up/down by a few ticks, that go nowhere fast … the other crypto
pairs not any better either.
Algorithm signals in silver today, the TURNKEY PAMM / MAM UP SLIGHTLY.
About 95% of the day, the algorithm has been in “sell mode” … and while that’s
all great & good, no way am I getting short silver in the present environment
… there’s just too much “buy fuel” out there still … that didn’t leave much time for
buy signals, and while latency was decent, the fills could have been better … given
the type of day it has become, though, not much to B.I. Itch about, except at the
margins … the trading algorithm does a fantastic job pinpointing short term “trend”
or “MOMO”, but that can change in an instant when the manipulators make their
move … no lack of mini melt ups or avalanches in price today, it’s all there for the
reckless!
I said yesterday, I wonder if crypto will react or just sit and watch with wonder, the
new found silver debacle unfolding before our eyes … if today is any indication,
it’s paralyzed watching silver, not happy with all of the attention leaving the space
for the metals, and IMHO some money has left the space to go “short squeezing”
over into silver … no trades in Asia last night for “The Syndicate”, cuz it was
deader than dead … a small pickup in Europe, but the U.S. session has been
deader than Asia … I guess it had to happen sometime … tomorrow’s another
day!
… until tomorrow, I’m full steam ahead! … Onward & Upward!!
-vegas
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