There’s another nightmare coming … sure, we already got one in Preezy Depends
& his “Manchurian Candidate” VP, who if you haven’t noticed are a national
embarrassment … trust me, foreign Dictators & thugs sure have noticed!
Directly below, a chart that should send shivers up your spine.
Here’s the facts … 78% MOAR! Dollars in circulation than ONE YEAR AGO! … it
took over 100+ years for the U.S. to amass a national debt over $1 TRILLION
DOLLARS, and now the FED CNTRL-P’s this about every month or so … the
national debt stands at roughly $25 TRILLION, and there’s no end in sight to the
money printing … none whatsoever … Bitcoin skyrockets & gold sits … WTF is
going on?
Yes, there is the “Rally Protection Team” [RPT], a/k/a FED manipulators, along with
the BIS, who manipulate gold lower via their BFF scumbag bullion dealer banks
… and the banks go along with it cuz they get paid, simple as that … BTC
skyrockets cuz the logistics underlying it make it far easier for it to rally cuz of
scarcity of supply and ease of owning it cuz it’s completely outside the control of
government Apparatchiks … why the hell do you think they hate it so much? … so,
why fight the FED and their manipulative arm the RPT, when you can click a few
buttons and own BTC if you’re an institution looking for inflation hedges or
diversification away from “Stonks” & bonds?
Directly below, another striking detail most miss, but is extremely important to
understand why inflation has not officially showed up yet.
The “velocity” of money circulating in the economy is moving lower, and that
simply means newly printed “Benji’s” are being “parked” … here are the steps
… 1) Treasury sells bills, notes, & bonds … 2) FED buys those in bulk from
primary dealers [the scumbag Wall Street banks] at a profit to banks hours to
days later … 3) banks get FREE money for nothing that they park in “Stonks” or
futures, and the FED expands their balance sheet … this keeps rates low,
enabling dinosaur corporations to float junk debt at cheap rates, which they use
for stock buybacks, which propels corporate earnings cuz of less stock float,
and said director’s of those companies get “mucho dinero” back when they leave
the board cuz of all of the stock options they’ve been granted at cheap
conversion ratios … in addition to that, you also have other central banks,
notably the SNB [Swiss National Bank], which daily prints Swiss Francs, sells
them in the FX market, gets dollars in return, and then goes and buys “Stonks”
with the proceeds … this also props “Stonks” and why with corporate buybacks
AND the “Plunge Protection Team” [PPT] at work, the SP500 just keeps going
higher & higher [until it doesn’t].
In other words, all of this money printing is going into ASSET BUBBLES, most
notably “Stonks”, and at the direct expense of gold … so, when will gold explode
like we all know it will at some point? … IMHO, that happens when “velocity” of
M1 & M2 starts rising, cuz that’s when inflation figures will start their 1970’s
march higher, only this time it will do it on steroids! … and since the FED cannot
allow interest rates to go higher cuz it will literally bankrupt the U.S. via interest
payments on debt [new or rollover], there will be no way in hell the FED can
control or limit inflations grip … at that point in time, coming sooner rather than
later, the scumbag bullion dealer banks will no longer go along with the FED and
“play the game” of shorting metals en masse cuz it will be a losing venture … the
banks may be scumbags, but they ain’t stupid … when the “handwriting is on the
wall” they’ll flip from SHORT TO LONG, and at that point gold plays catch up with
Bitcoin & the other crypto alt-coins.
One interesting fact is that the above stats in the pics from the Federal Reserve
Bank of St. Louis shown above, will no longer be available from the FED on a
weekly basis … it goes monthly or quarterly or not at all anymore cuz they’ve
decided not to publish the data in a timely manner any longer … “gee, I wonder
why that is? … a stupid public is a compliant public, and you’ll believe what we
tell you cuz it’’s for your own good cuz you’re too stupid to understand the
complexities of “FED SPEAK” and what we do here … now, STFU and buy
MOAR! “Stonks”!”
So, when will metals explode higher? … EASY PEEZEE: “when it does”! … my
guess, though, is when “velocity” of all that parked money starts churning away
from said asset bubbles and looks for a new home … and IMHO, it won’t start
with retail or institutional specs, it will start like a star going supernova from the
bullion banks … the very banks who have the connections & inside information
the public never sees … it will happen viciously & super quick cuz it has to,
simply cuz the stats will show days / weeks later it was they who started it … and
when that becomes known, they’ll be correctly positioned for the upside melt-up
that will immediately ensue … I wouldn’t at all be surprised to see $100 - $200+
per OZ. gains in a very short time frame, followed by more of the same … [see
Palladium’s rocket advance for details] … when does this happen? … I dunno, it
could happen today, tomorrow, or next month / year … BUT IT’S GONNA
HAPPEN! … more likely silver goes parabolic faster, and one can only wish for
JPM & HSBC to go bankrupt, but with their actual physical holdings I don’t see
that as a high probability … but hey, who knows? … we can dream can’t we?
The final “nail in the coffin”of the FED’s delusional outlook, is the utter
nonsensical forward interest rate “dot plots”, where recently when gold was
sub 1700, it was projected that we’d see 5 interest rate hikes from the FED
before 2024 … “uh huh, sure we will” … too bad that’s impossible cuz the math
says that if that did happen, the entire U.S. borrowing NOW couldn’t pay the
interest on debt that needs to be rolled over every week … forget everything else!
… if you can’t even pay the interest on what you owe, who the hell is gonna float
you more? … delusional government, ain’t it grand? … what an absolute Ponzi
scheme scam being run by the FED, AND THEY KNOW IT! … fortunately, Bitcoin
& gold / silver know it too … Bitcoin has exploded already, and now we simply
await the final leg from the metals, cuz quite frankly, if gold were allowed to price
freely, it would more than likely be around the same price as Bitcoin … we’ll see
in the weeks / months ahead … the real burning question is, “how long ‘till the
scumbag bullion dealers tell the FED to “take a hike” and turn LONG”? … cuz
when that happens the real fireworks begin! … and this forcing of rates kept
artificially low, underpins gold … cuz the FED knows quite well, if the 10 YR
Treasury rate goes above 2.00% and stays there or goes higher still, the “gig” is
up … the economy implodes … Gubermint will have a very hard time borrowing
MOAR! … mortgage rates skyrocket, meaning a “hidden tax” on homeowners
… spending drops … you get the idea … “why do you think the PPT “interest
rate division” has been in the 10 YR every time the 1.70% level is threatened?
… they know … and they cannot afford a change in perception that it’s a
“fait accompli” rates are going higher cuz that begets more selling … be afraid,
be very afraid”! … and they will print whatever is necessary to prevent this
scenario, and that’s uber bullish for gold & silver going forward … like
everything else in life, it’s all a matter of timing!
Turning to today’s “markets” [excluding crypto], if you can call them that
without laughing out loud, another “Rip Van Winkle” affair all around the MT4
board … gold coming out of a stale $8 range overnight, and got the
“Thelma & Louise” treatment in short order, falling a quick $10+ per OZ. within
30 minutes, and then promptly going into its “Loser Formation” going sideways
in a tight range the rest of the day into the New York afternoon … how many times
do I have to say this? … “speed of light … crickets”, is there anything else?
… and of course, all of those position players who got snookered in the
mini-panic melt down, have no way of making anything back cuz volatility has
been smacked down by the usual suspects … “they could care less about price
… what they care about is controlling volatility … cuz when they control VIX &
IVIX [intraday volatility], THEY CONTROL YOU”! … all of your actions from a
trading perspective held at bay by how the market is trading relative to your
position … and when they can make you sweat, they will, and sooner rather
than later you can’t take it anymore and bail … “oh, am I describing any of you
and your trading”?
And since that quick fall, it’s been crickets the entire time, with “chop” the meme
and slippage the theme, as gold bid/offers jumping helter skelter but not going
anywhere … and what that should tell you, is that there are orders getting
creamed … bids buying the mystery spike up, and offers selling the mystery
spike down … of course your fill is off the market, what are you gonna do
about it? … you gonna sue them over $20? … your fill is simply at the point
of what doesn’t get them indicted for robbery.
No trades today in the TURNKEY PAMM.
There were almost 4 buy signals, but ultimately gold failed to adequately move
enough to make the call … as I’ve said many times, a market needs a minimum
modicum of volatility for a signal to be generated, and if it ain’t there, the
algorithm is designed to NOT give a buy signal … and if you lower the IVIX
standards, you get an exponential increase in “false positives”, which nobody
wants cuz it means a higher probability of loss on the trade … it is what it is, and
it was worse in silver today, so there was no recourse in that market either … if
neither chooses to move, so be it, there isn’t anything any of us can do about it
… so I wait, simple as that!
Then there’s crypto … oh boy, Howdy Doody has entered the building!
… Coinbase going public today, & BTC hitting ATH [again] … for my money,
though, the big news of the day is DogeCoin [DOGEUSDT] … about 30 - 40 hours
ago it was trading at around 7 cents [to 6 decimal places] … today’s 24 hour high
is 14+ cents … up at the high earlier this morning, up just a hair shy of 100% on
the day … volume simply “off the charts”, and here at 12:30 PM EST, 24 hour
volume @ 43.5 BILLION coins, and a 6 hour most recent range of approximately
2,500 ticks [3rd, 4th, & 5th decimal place, with the 6th decimal place being tenths
of a tick] … today DOGE seeing more movement in 6 hours than GBPUSD has
seen in 6 months … and that’s just ONE FRICKIN’ CRYPTO PAIR! … today’s
volume AVERAGING OVER 35 MILLION COINS PER MINUTE! … and pretty much
all in increments between 1 - 500,000 DOGEUSDT … and what this tells you is it’s
ALL retail spec trading … there ain’t any scumbag banks, and there isn’t any
government intervention and outright manipulation like on the MT4 markets.
Quite frankly, this is as close as I have ever seen to pit conditions from the
80’s & 90’s, before scumbag banks took over and hijacked trading of mainstream
markets … this is DREAM TRADING! … and I’m telling you right now, the trading
algorithm simply nails these crypto markets to the barn door! … am I worried that
so many people will trade the algorithm and potentially ruin the effect?
… Hell NO! … I used to stand in a trading pit and for years, every other day,
somebody would walk up before the open and say to me, “hey, I’m doin’ exactly
what you’re doin’ today, how do you like that”? … and I’d say every single
frickin’ time, “”Yea Ok, sure you will, whatever”! … end of the day I’m up
thousands and they’re down $500+ … “shoulda, coulda, woulda, might of but
didn’t, then I got confused and bought the top [or sold the bottom], and yea”!
… [as I exit stage left and shake my head for the millionth time] … so, no I’m not
worried at all, but if you can follow directions, crypto is a SLAM DUNK for
profits! … and the good news is, every bit [that’s 100% for you Biden voters] of
the algorithm can be overlaid onto the BINANCE TRADING PLATFORM … and
while PHEMEX is no slouch, BINANCE has them beat on every single metric
hands down, except spot trading with ZERO FEES for those who only want to
trade from the LONG side utilizing no leverage … but, there’s only a few coins
you can do this with, specifically TRX, DOGE, ADA, & ONT.
One of the features I really like on the BINANCE platform is the
“HOT MARKETS” section … one click of the mouse will tell you the top moving
coins of the day by percentage, without having to search through over a
hundred pairs to find them … no wasted time mi amigos! … and today seeing
DOGE up at #1 after I got up for the European open, I immediately switched the
platform from ONT to DOGE … so in essence, I have 2 platforms running, one
BINANCE FUTURES, and the other PHEMEX SPOT … no real basis difference
between spot vs. futures, they’re trading around the same price ... many
multiple algorithm trades today in DOGE, and “The Syndicate” is UP 0.41%
And remember, I’m trading “spot”, with no leverage … in fact, most trades are
right around ½ X leverage … if I was trading futures with 10X, we’d have been
up over 8% on the day … also, these are SCALPS! … some of these trades I’m
not even in ‘em for a minute … a couple were less than 20 seconds! … “when
somebody hands you money, you take it”! … and I’m not what anybody would
call an “aggressive” trader … in fact, I’m probably more conservative than 95%
of you would be with your own account … so please, don’t anybody sit and read
this and think your results with the algorithm can’t match mine … I’d say there is
a very high probability yours will be higher, sometimes MUCH HIGHER! … to say
there’s a “shipload” of money to be made here is the understatement of the
decade!
Trading is about MONEY … ain’t nothin’ else! … doesn’t matter if its livestock or
preferred stock … or frickin’ widgets! … it’s numbers on a screen … and I don’t
care if you love crypto, hate crypto, don’t understand crypto, are you here to
make money? … cuz if you are, and you aren’t trading these pairs, what the hell
are you waiting for? … anybody trading FX over any of these pairs is simply nuts!
… you can’t be serious? … get off the snide Skippy, and do whatever it is you
gotta do and get your frickin’ mind right mi amigo … the entire trading world is
leaving mainstream markets for crypto for 1,000 valid reasons, and you can’t
give me one valid reason to stay stuck where you’re at now … none.
Europe closed now, and that means we’re into the New York afternoon … and
everybody knows [or should know] what that means … gold simply pitiful after
its “Thelma & Louise” act of dropping $10+ in one m30 candlestick … nothing
like a 7 ½ - 8 hour range of about $5 of pure bullshit is there? … like I said before,
classic “Loser Formation” horseshit the scumbag bullion banks love to foist onto
the market cuz they can … someday this BS ends, and gold can trade relatively
free again … unfortunately, we ain’t there yet … gold is a “quasi” crypto pair … it
has its “crypto moments”, but just as easily can slip into bullion bank chop
… you simply have to show more patience & discipline with gold [silver] than say
ONT, TRX, DOGE, ADA, ALGO, VET, etc. … while they get 10 - 20 algorithm buy
signals within 6 - 8 hours of trading on most days, gold gets far less cuz it’s
trading action is manipulated by the bullion banks on behalf of the FED … some
day that changes … today isn’t that day!
… outta here, until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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