If only … ONLY I SAY! … only somebody out there somewhere, with enough
knowledge & experience trading that could have warned the dopes in
“WallStreetBets”, of what was gonna happen in silver, cuz it’s no GME that’s for
sure! …. Oh well, maybe someday that guy/girl/whatever will show up and lead
the way … we can only clasp our hands and hope!
“Jack & Jill went up the hill, to fetch a pail of water [a/k/a get long silver cuz]
… Jack fell down [WTF is this, it’s going down?], and lost his crown [account gone,
buh bye!] … and Jill came tumbling after [why Jack, you dumb ass, did I believe
you?]” … and so we have the famous lyric of “Jack & Jill” and their adventure in
silver … and the silver manipulators say, “Thanks, come again”!
After I posted yesterday, and later after stocks closed, here comes the CME
[Criminals Marketplace Exchange] raising silver margins … check, that’s always
the first crack in the dam before it busts … double check, the “Chuckleheads” in
Asia don’t seem to mind, so price drifts, thus not paying much attention … triple
check, the BIS comes in at the European open and smacks silver down hard, and
here we go! … enjoy the ride from hell silver longs, it’s gonna be a very long day!
… and for the “coup de grace” once the criminal COMEX opens, hunting season
is on! … given the scope of the Newbies & morons who think taking on central
banks is like squeezing idiot hedge fund managers, it’s never too late to learn some
life lessons no matter how old or stupid you are … class is in session, and the first
order of biz is to clean your accounts out and return the money to where it belongs,
which is right where it was before your raids on bankrupt stocks … i.e., hedge
funds and/or scumbag LP banks who do the central bank bidding … “ahhh, isn’t it
nice to see life return to normal”?
No shortage of blood on the sidewalk thanks to “WallStreetBets”, who not only
stayed a bit to long in bankrupt stocks they’ve pumped to the moon, only to
discover when you pump something you need somebody else to dump it to, and
sadly when the music stopped, there ain’t anymore dopes around … no, for an
encore they decided to pick on silver … which means you’ve picked a fight with
the FED & JPM, 2 entities not exactly short of cash to do battle … “but hey, thanks
for the chuckles, it was funny watching”!
Quite frankly folks, this is NOT A DAY to be buying silver … I knew that last night
when I saw the margin increase, cuz that always … F-ING ALWAYS! … always
means trouble directly ahead … it doesn’t mean get short, only that being long is
too dangerous for the reward of taking any position … and did that get played out
today in spades or what? … puke, after puke, after bigger puke the entire day, and
the sell stops get banged off, wailing & gnashing of teeth can be heard over the
horizon, and champagne corks popped at manipulation HQ … “fuck with the bull,
you get the horns”! … no trading in silver today for the Turnkey PAMM / MAM
… I’ll have more on silver dynamics in tomorrow’s blog post.
Over in crypto land, again Asia awfully quiet … “The Syndicate” trading DOT for
the day, and we’re UP approximately 0.11%
This was not an easy day in DOT … the crypto pair today that went “bat shit crazy”
was Cardano [ADAUSD], up one point right at 30% for the day! … huge move
… meanwhile DOT sits through most of the Asian session and only gives a few
buy signals … and those didn’t really go anywhere, although they did move higher
fractionally … then later after I got up and started tracking silver, DOT was very
choppy, right along with everything else except Ethereum, which exploded out of
nowhere to hit an all time record high … go figure … in any event, the MODIFIED
TUNNEL TRADING [TT] ALGORITHM simply nails these crypto pairs to the wall
… please understand, as we move forward through the year. Both BTC & ETH are
acting & trading like EURUSD & GBPUSD respectively … the “whales” in these 2
“big dogs”, morphing into the central banks that manipulate FX … their actions &
trading practices are reflecting bank manipulation tendencies, and for all practical
purposes, they are the manipulators of the crypto complex … the alt-coins, IMHO,
don’t see this as they are too small to be messed with by the billionaires … for
anybody who’s interested, the 5 alt-coins I follow … ADAUSD, LINKUSD,
ALGOUSD, DOTUSD, & UNIUSD … all of these have great volumes & liquidity at
PHEMEX up to about $500,000 - $750,000 order size … and quite frankly, I don’t
see many of you doing volumes higher than that … from an algorithm trading
perspective, the signals are more pure than in BTC & ETH, and the runs
higher/lower are longer … in other words, it makes for great trading! … I want to
also emphasize, my leverage for “The Syndicate” has been very low, most times
BELOW 1X! … that might surprise some people, especially since most pairs allow
20X [BTCUSD & gold allow 100X], but I explain the rational in the trading manual.
And speaking of gold, PHEMEX has a gold leveraged contract offering up to 100X,
and it trades in 0.001 OZ increments … that’s right, 1 / 1,000th of an ounce
increments, with the same “maker” / “taker” fees as crypto, AND IT’S ON THE
“OPEN ORDER BOOK” PLATFORM! … and considering gold’s price, limit orders
here really pay off, and the market is open 24/7 and never closes … wanna trade
gold in small amounts, then here’s the place!
Onto tomorrow, where if shit gets much crazier, I may have to take the “blue pill”
to settle down … right now, a cold one with a lime slice sounds awfully good
… until tomorrow, I’m full steam ahead! … Onward & Upward!!
-vegas
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