ALL markets are manipulated by somebody … the “FREE” markets like crypto by
the “whales” and they do it for profit , and every other market by government
manipulators hell bent on destroying specs, while enriching scumbag LP banks,
which shovel some “skim” to the POLS, Apparatchiks, & regulators
… government does it for the “skim”, and to keep the grease rolling along … they
could care less about anything else … how else do you explain, that after a
decade+, JPM who has been fined for precious metal market abuses to the tune
of OVER $10 BILLION DOLLARS, is still in business? … over that time they’ve
made over a TRILLION, so do the math Skippy … “nothing to see here Sheeple,
move along”!
Eric Sprott, of Sprott Metals, calls it the “Comex Con Game”, and regular readers
here have heard me use this term before, usually in gold, but even more prevalent
in silver … what many of you don’t realize, is that they do their “pumping” and
then “dumping” over different time zones split between the 3 major sessions
… this way, as an individual trader, you’re not around to take advantage of the
“Dump & Pump”, unless you’re a meth addict that never sleeps … on the other
hand, bullion banks simply “pass the order book” to the next time zone, and it’s
as seamless as slipping a hand into a glove … this is why there are so many
sessions where the “loser formation” takes hold, and if you get caught in one of
them, you have no chance to make the money back anytime soon … then it’s
simply rinse & repeat ad infinitum nauseum to your detriment.
Today is another useless POS trading day cuz it’s “NFP Friday” … big whoop
… another lesson in make believe math from the SJW whiz kids over at the
Department of Unicorns & Fairy Tales … quite literally, it’s all bullshit and
everybody knows it, but banks get to make believe it matters to screw orders
from the first minutes after its release.
Over in crypto land, the alt-coins are flying high … all of the 5 I track are showing
big gains from weeks ago, while ETH & BTC become the crypto equivalent of FX
majors and diddle fart around via “whale” manipulation … today sees ATH’s in
some of these pairs, and the basis [perpetual futures - spot cash] has widened
considerably … in DOTUSD, the basis is around 10 cents … a few days ago it was
hanging around 1 cent … use my link above, and go over to PHEXMEX and check
out what you’re missing … those of you still trading [if that’s what you call it] FX,
you’re missing the boat completely.
I’ve said before, these NFP Fridays are some of the worst trading days you can
run into, cuz most of the time it’s “hurry up & wait” to get to the number, and then
it’s bullshit chop into the weekend close … why should today be any different.
One look at either the “Spoos” or silver, and you know what I mean … both
drifting to nowhere and chopping traders up inside small ranges since the
European open … silver a little more volatile, but all everything is, is nothing but
trapping longs, then shorts, and scalping them for a few pennies before they do
it again … there really isn’t any sustained movement anywhere … the “Spoos” a
frickin’ joke, where ugly news means MOAR! Gubermint handouts and CNTRL-P
machine bullshit … and with the Communists in charge, what’s a few more
trillions of dollars heaped onto the pile of debt that grows exponentially by the
minute?
I didn’t do any trading today in anything … for “The syndicate”, I plan on some
weekend trading, to make up for today, and if either silver or the “Spoos” broke,
I was looking to BTFD … well, that didn’t happen, so here we are, another
bullshit NFP Friday … who’s surprised? [Not me!]
THE MODIFIED TUNNEL TRADING [TT] ALGORITHM is coming along, and the
manual will “probably” be done by the end of next weekend … I’ll be working on it
this weekend while watching DOTUSD, or maybe one of the other favorite pairs.
… outta here … until Sunday’s blog update, I’m full steam ahead!
… Onward & Upward!!
-vegas
No comments:
Post a Comment