If you owned or stored a precious commodity, would you be selling it at a $100+
discount to the actual physical price? … no, of course not, but that’s what
bullion banks do, as the chart above shows … so why? … cuz when you get all
the free money in the world to sell 100 lot futures after 100 lot futures from a
morally corrupt FED, and the CNTRL-P machine goes “Brrrrrr” to give you more,
you simply beat the buyers into dust with the “Bullion Wall of Selling” that never
ends until the buying fizzles out … they simply wait you out … and then when
they can force price lower, they’ll buy it back from you at a lower price … this is
how modern day manipulation works in the precious metals markets … in other
words, the “Comex Con Game”.
And until these crooks are forced out of business and into bankruptcy, nothing
is ever gonna change … at some point, though, the “gig” will be up, and my
guesstimate is sometime in the next 1-3 years, all hell is gonna break loose in
gold & silver to the upside, and we’re gonna see gains like gold was tied at the
hip to Bitcoin … that most likely comes with one or all of the following … 1) the
Ruskies and/or ChiComs tie their currencies to gold, 2) OPEC+ won’t price oil
in dollars anymore cuz of rampant inflation, and 3) nobody will buy worthless
U.S. Treasury debt no matter what interest rate you give them … a modern day
Argentina if you will … it’s coming, the math says so!
As I have said before, the FED simply cannot allow interest rates to go higher
… no way, no how … if they do, the country is O.V.E.R., cuz there isn’t enough
money in the world to pay the interest on the exploding debt that exists, let
alone future trillions “baked into the cake” … that means QE infinity, and the
FED buys all the bonds of longer maturities … and that means inflation literally
explodes! … nice job Nitwits!
Cable today getting brutalized to the downside … this can be explained by 2
charts and markets … EURGBP & GBPJPY … weeks in the former, days in the
later pair getting forced out and Cable is being liquidated via the cross … the
last 48 hours taking out 23 days of trading in EURGBP, and the buy stops
getting hit unmercifully … gold not doing much, but there was some little action
very early, still not even getting to its FALLING 20 Day Range MA of about $22
… compared to crypto, these manipulated markets are a joke.
I got an email from a reader the other day, asking me about Binance for trading
crypto … it’s the largest crypto exchange in the world, and offers more pairs for
trading than anybody else out there … all told hundreds of crypto pairs can be
traded in perpetual futures … fees are fixed to volume per month in BTC, but
generally they are 0.04% notional per side, for “taker” and “maker” is 0.02%
… so, better than average … however, let me say from the start, that if you have
$50,000+ to put into a crypto trading account, this is the place to be, simply cuz
they can handle the volumes and have the liquidity … that will work at PHEMEX
as well, but only for BTC & ETH … the alt-coins are geared towards smaller
accounts … to give you an idea, the pair I’m trading for “The Syndicate” as of
late, which is Ontology [ONTUSD], Binance has upwards of 130X times the
volume PHEMEX has! … if your doing orders from 1 - 5,000 ONT [ONT= about $2],
PHEMEX IS FINE … if you want to trade 1 - 50,000+ ONT, Binance is the place
… now, PHEMEX only has ONT in spot, and Binance volume is in futures, but
remember for small accounts your best bet is to trade spot at PHEMEX with
ZERO FEES, and pay $70 per year for that privilege … that $70 goes by fast if
you add fees from every trade … whatever your account size is from $100 - $500,
you’ll generate at least $1,000 in fees [most likely more] for the year if you’re an
active trader … is $70 more than $1,000? … and of course, it gets much higher
for bigger accounts.
Over in the right hand column of the blog up at the top, I’ve included my affiliate
link for Binance … sign up and trade via my link and get 5% off your commission
schedule … and I haven’t even covered their options markets, which they have
for Bitcoin … so, for you bigger accounts looking for a great place to trade crypto
futures, Binance has you covered. [I still recommend PHEMEX for smaller
accounts simply cuz of ZERO FEES in spot’] … quite frankly, you can’t go wrong
with either one, and of course BOTH ARE NO KYC!
The excuse for today’s crap ranges [excepting Cable] is cuz of FED minutes
coming out at 2PM EST … why this is important eludes me, cuz everybody knows
what they did, and Spicoli did a presser right afterwards, so what’ the mystery?
… it’s after 2 PM EST now and nobody cares [see my shocked face], and as far
as I’m concerned gold is shot for the day, so it looks like this tiny range has a
good chance of holding the rest of the day unless the New York banks got some
“scumbaggery” planned [which is entirely possible] … currently the day’s range
at $13 & change, with a shrinking 20 Day Range MA of about $22 … 10 days ago it
was $30+, when rates look poised to be skyrocketing … now, not so much, as
there are doubts over whether Preezy Depends porkulus infrastructure
boondoggle can get passed … today the 10 YR is little changed adding more
doubt to the FX and gold markets.
One good buy signal in XAUUSD today for the TURNKEY PAMM … UP A HAIR
LESS THAN 0.2%
The only really good signal all day, before things slowed into mindless chop
… however, if gold gives us the range, we can expect very good results.
Crypto, at least in the alt-coins, going bananas again today … it’s like ONTUSDT
is on pure meth … the Chuckleheads last night, not content with the ass drubbing
they took on reversal of price yesterday, last night do it again … this time shoving
ONT up to $2.18, before its another “Thelma & Louise” trip to $1.70 … as I said
before, FOMO and “fear & greed” with the mass public participating, where they
can’t wait to buy higher highs, and then get forced out later on sell stops
… rinse, repeat, what’s new here? [Hint: Nada]
Multiple algorithm signals in ONTUSDT for “The Syndicate” … we’re UP
APPROXIMATELY 0.21%
My only hope is, these alt-coin crypto markets always stay like this!
… outta here, until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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