Well now, that escalated quickly to the downside, didn’t it? … I warned yesterday,
that if you’re gonna trade metals [gold and/or silver], you better understand the
“Comex Con Game” and how it works, and more importantly why they openly
invite you to participate … it ain’t cuz they’re “friendly” … they [the scumbag
bullion banks] can withstand losses, you can’t … they will trigger buy stops on
your MT4 or MT5 platform cuz their computer networks track ALL of the
metatrader indicators, and they of course know where your stops are [collectively]
after you get long … they have the FED & BIS to lean on and borrow untold
billions at practically ZERO percent interest rate to sell MOAR!, and if need be,
they can call on untold world Apparatchiks at corrupt central banks to trot out and
utter a few words to the cameras to benefit their short positions, which causes
“Thelma & Louise” to show up, specs get their LONG positions murdered via sell
stops, and bottom line is they buy it back from you in the 30’s, from yesterday
afternoon selling it to you in the 50’s … Game. Set. Match … any questions?
Of course they ran gold past the 3/18 high of 1755 yesterday, cuz not only is that
the level shorts have their buy stops to get out of losing positions, but potential
longs see that breach of resistance as uber bullish … there’s only one problem
… do you somehow think scumbag Apparatchiks & their BFF scumbag bullion
bank buds either can’t or don’t look at charts? … and if you’re them, how do you
get short at the very best & highest price with volume, from the usual gaggle of
Chumps you’re ultimately playing? … they win, you lose … thanks, come
again soon!
Meanwhile overnight, China reports “hot” inflation numbers and for now, the
math whiz kids over at the Department of Unicorns & Fairy Tales can’t seem to
report U.S. PPI inflation numbers … anybody nervous? … and with gold already
down about $20 and the 10 YR on it’s high yield for the day, won’t it be interesting
to see what happens if the PPI number is “hot” as well? … oh, good times!
… meh, only TWICE the forecast, coming in at 1% for the month … “no worries,
as I have previously stated on the blog and elsewhere, typewriter ribbon and
horseshoe prices have declined again, so according to Preezy Depends there’s
no inflation … C’mon man”!
And there goes gold, right down the rabbit hole … who wants to buy a 10 YR
Treasury that pays 1.7% per year, when inflation is running 1% PER MONTH, and
you get to pay taxes on that interest of phantom gains? … transitory? … WTF
does that mean? … 1 month, 1 year, the rest of the decade, what? … well, if
you’re gonna ask problematic questions for the Faculty Lounge Lizards at the
FED, you’re gonna need to leave … gold now down around the 1731 - 1733 level,
and wasn’t that a fast $25 - $30 bucks for less than 12 hours of scumbaggery?
… “roll the pet yellow rock up the hill … get Dopes long … “Thelma & Louise”
price and buy said Dope’s sell stop … all with the implicit backing & permission
of central banks everywhere … give part of the “skim” back to their bosses
… rinse, repeat” … there, I solved the “Comex Con Game” for you
… you’re welcome!
And it looks like somebody is in buying the 10 YR … “Plunge Protection Team”
[PPT10YR] for bonds now? … sure as hell looks like it! … that will support gold,
cuz it will put a damper on rates while allowing inflation to run wild … unless I’m
wrong, we’ve seen the lows for the day in gold, but I’m not sure how much “rally”
is in the market in front of 1) an overnight ass drubbing for longs, and 2) the
weekend … I’m guessing chop from these levels [1738 - 1742], but who knows,
cuz the bullion banks can literally do anything they want … the takeaway, though,
is it looks like the FED, in their infinite stupidity, are capping rates on the 10 YR
… sooner or later, it won’t work of course, but try telling them that.
Meanwhile there’s Cable … good grief, what a disappointing market to trade … in
fact, all of ‘em in FX are shit most days … no bounce, no trade, just freight trains
running from manipulation of one kind or another … it’s either fuck spec order
flow, or front run corporate orders, and there isn’t anything else in these markets
… quite frankly, it’s a desert of order flow, cuz anybody with any brains has left
FX for crypto … I will prove my point … directly below, first the M1 Chart for
ONTUSDT [futures] earlier today over at Binance … a 200 tick grid in the M1
… below that the M30 … that’s right, THE M30! … for GBPUSD WITH A 20 PIP
GRID … how anybody can argue for trading anything in FX over crypto is
beyond me! … it’s even worse in the other major pairs for cryin’ out loud … ONT
moves more in a half an hour, than Cable does in a frickin’ WEEK!
I’m giving both Cable & GBPJPY until Monday to get their collective shit together,
or both are going off my trading list of tradeable markets for the PAMM
… everyday, their respective 20 Day Range MA’s keep going lower, and with
Cable it’s right at the boundary line of algorithm acceptability for trading … I
literally mean right on top of the lower boundary of PIPS for range … quite
frankly, that’s unacceptable, right along with the umpteenth day in a row of
“Flying Wedge of Death” [FWD] trading conditions locked into pitiful European
sessions … I’m not interested in being in a position for an hour, so that it can go
up/down 3 PIPS … it’s all manipulated scumbag bank LP bullshit, culminating
every single frickin’ day with a corrupt “London Fix”, where the corporate dumb
asses to stupid to run their own FX treasury exposure, rely on scumbag banks to
rip them off … so, fish or cut bait FX … Europe closed now, and it’s another bag
of flaming dog poo for any or all of these FX pairs … just awful.
And with that “sniff” of a 10 YR PPT lurking around after the PPI, gold went higher
with “Stonks”, and now that we’ve bought all of your sells, how ‘bout we rally it
some to snuff your ass again and take out your buy stop? … “hey, it’s what they
do and who they are … what more frickin’ proof do you need”?
One algorithm signal today before the PPI in gold … TURNKEY PAMM UP
SLIGHTLY.
Normally, we can expect 2 - 5+ algo buy signals per trading day in gold, but the
key word here is “normally” … gold lately has been anything but “normal”
… yes, spreads are down and back to pre pandemic hoax levels, and that’s super
news … quite frankly, the best way to look at gold, is to believe it’s another crypto
pair, almost like Ethereum [ETHUSD], which is close in price to gold … ETH is
more volatile of course, but the trade dynamics favor gold cuz of meaningless
RT commish, versus the very high “gas” you pay with either BTC or ETH
[0.5% - 0.1% of notional PER SIDE] … for ETH that means a commish of $20 - $40
per 1 lot trade, and for BTC it means a commish of $50 - $100 per 1 lot trade … I
can trade gold and pay 2 ½ cents per OZ., which on a 1 lot order of 100 OZ, it
costs about $2.50 … that’s a “bigly & yuge” difference, not to mention the
bid/offer spread, where when SHTF in crypto, spreads go completely
“F-ing Wacko” … so, just think of gold as a crypto pair, albeit a scumbag bullion
dealer manipulated pair, but nonetheless it’s the only thing [silver also] on the
MT4 or MT5 that moves and is cheap to trade!
Moving to the alt-coins, another day another multiple FOMO panic buy roller
coaster, followed by sell stops that get hit on the downside, and it’s the
obligatory “Thelma & Louise” action everybody has come to appreciate in crypto
… and not just in ONTUSDT, where lately the trading action has been that of
dreams, but in many of the other alt-pairs as well … take your pick … one of my
favorites is TRON [TRXUSDT], where as of right now [about Noon EST], the last
24 hours has seen a futures volume of approximately 5.3 BILLION TRX coins
… volume & liquidity in this pair simply frickin’ amazingly “BIGLY & YUGE”!
… TRX currently priced around $0.12, and trades to 5 decimal places … even if
you had to pay “full boat” gas fees, that amounts to 9 ticks at the 5th decimal
place, with the bid/offer spread right around 1 - 4 ticks at the 5th decimal place
… the range over the last 4 - 5 hours has been about 0.01000, or roughly 1,000
ticks … up/down, all over the place … leverage offered UP TO 50X [not
recommended, but since when do losers ever pay attention?], so you can be as
conservative or aggressive as you want to be … with the way these alt-coins
move, especially the ones from $0 - $5, “gas” fees aren’t that big of a deal cuz
the movement of the coin easily surpasses the gas fee + spread … seriously,
TRX along with a whole host of dozens of other alt-coins ready to trade 24/7/365
cuz it never closes! … quite frankly, it’s a real “toss up” as to which place is
better, PHEMEX OR BINANCE, it just depends on what is most important to you
… btw, BINANCE with NO KYC limits withdrawals to 2 BTCUSD PER DAY … at
present prices, that’s about $115,000 USD per day, so I don’t think that’s gonna
be an issue for most of you … I will say, though, I love the selection of futures
pairs in the alt-coins, as it’s far superior to PHEMEX.
ONTUSDT more volatile lately than TRX, today seeing a 24 HR range of
approximately 2,500 ticks, with 4 decimal pricing … “gas fees” of about 0.0015,
with a spread of about 0.0001 - 0.0009 … ONT priced right around $2 today
… this puppy can move!
Multiple signals today in ONTUSDT … “The Syndicate” UP SLIGHTLY
LESS THAN 0.23%
Some great algorithm signals today, and I want to remind people that
"The Syndicate” since our start in mid-November of 2020 is UP APPROXIMATELY
32%, and approximately 8% of our collective funds are held in spot BTCUSD,
and 92% in USDT … this BTC holding is from trading profits, and as I add to our
profits, I selectively place some of those funds in spot BTC on breaks in price
… this is our hedge against BTC running amok and going up to millions of dollars
per coin, and leaving us in the dust [please, you have my permission] … we’re on
schedule to MORE THAN DOUBLE within the year … granted, I originally thought
that BTC would be our main trading vehicle, but since December BTC has
morphed into a different animal than it was at launch, and unless you got buckets
of money [millions, which we don’t have in the trading account], BTC isn’t gonna
return you what you want, simply cuz it’s getting way too expensive to trade.
The trading algorithm [MODIFIED TUNNEL TRADING [TT] ALGORITHM], which I’m
releasing on Sunday, May 2 AND IS FREE, absolutely nails crypto to the proverbial
wall in terms of buy signals … does a pretty “Hoover Dam” good job of calling
tops, and if you’re into shorting crypto [I’m not], well here ya go! … the reason the
algo models these pairs so well, is cuz they are “FREE” markets, just like markets
were back in my prime floor trading days, and the same qualities markets behaved
like back then, you now see almost exactly in crypto pairs, especially the alt-coins
cuz the “whales” of the world got bigger fish to fry … and so I’m gonna ask the
question again … “DO YOU WANT TO MAKE MONEY TRADING”? … well, if the
answer is “YES”, trade gold or crypto using the algorithm you’re gonna have in
your hands come MAY 2!
And the reason the algo is FREE, is cuz I know if I charged for it, some guy in
some place like Outer Mongolia would buy it, change some wording and sell it as
his own, or sell it on the “dark web”, or simply give away pirated copies to gain
clicks or notoriety … it’s inevitable! … by making it FREE and only available
through my website’s “Download Links”, 1) everybody is gonna come here to get
it cuz it’s the original, and 2) there is no incentive to rip it off cuz it’s FREE … of
course, as with any model or algorithm, there are traders who want to succeed
and there are “tire kickers”, the latter wanting everything for free they can’t steal
… and I also know, most won’t be able to follow directions, and invent their own
in 3 … 2 … 1 … and FUBAR the process beyond belief!
So, to get rid of the “tire kickers” cuz they’re never serious, I absolutely must
charge for my time, research, statistical skills, and knowledge via PATREON, and
offer support PLUS goodies the “tire kickers”, or those who simply want to go it
alone, won’t get … the good news, is anybody with a pulse not living under the
Interstate off ramp near you, can afford it … if I wanted your money, I could
YouTube the shit out of this and click bait ‘till the cows come home, and charge
large amounts of money cuz I know many are desperate … however, I’m not cut
like that … I remember the days of poverty when first starting out, and I have
walked in ALL OF YOUR SHOES DECADES EARLIER, so I know WTF I’m talkin’
about … our PATREON subscription will be $5 per month [if you can or want to
subscribe for more, then please by all means cuz it helps support our costs and
insures our survival into the future] … if you trade crypto, that’s 16 ½ CENTS
PER DAY … if your trading gold / silver or positioning the SP500 SPDR ETF, that’s
24 CENTS PER DAY … this is nothing … I’m pretty sure all of you piss away, at a
MINIMUM, 20X that every single day without thinking, and what subscribers will
get in return is “bigly & yuge” … more on this as we move towards May 2.
I’ve met with some of “The Syndicate” participants this last week, and to the
person they want MOAR!, and love crypto! … seriously, what’s not to like here?
… not only are they thrilled with their returns, but the algorithm has them making
money on their own … and here’s the “secret” … THEY F-ING FOLLOW
DIRECTIONS & RULES! … you want a shipload of money? … it’s sitting right now
n a harbor waiting for you to come pick it up or sail it away … of course, demo it,
paper trade it, go live when you’re ready, but get off your ass and start
accumulating wealth! … and for the record, starting with $500, and making 0.25%
everyday, within 5 years you have about $110,000 … start with $2,000 and it’s
about half a million … within 5 years … I’ve just started utilizing the trading
algorithm in the Turnkey PAMM trading gold [maybe silver too, we’ll see] , and
“The Syndicate” is doing it in crypto … quite frankly, joining PATREON and
becoming a member when it’s ready, is a roundabout way of being a participant in
“The Syndicate”, you simply do your own trading and control your own funds
instead of our informal network … and at a cost that’s cheaper cuz it’s only
$5 per month … you’ve simply run out of excuses mi amigo!
Working on our “live chat system” for PATREON members, along with finishing
touches on the algorithm this weekend … blog update on Sunday … outta here,
until then … “the future’s so bright I need sunglasses”! 😎 … Onward & Upward!!
-vegas
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