The premise here is simple … “monkey hammer” gold and allow more short
covering for the bullion banks, especially JPM, the world’s largest criminal bank
enterprise running, before the close of biz on June 25 … got to protect the
scumbag bullion dealers before Basel 3 kicks into high gear come the open on
Monday, June 28 … and all of those thousands of short futures contracts get
covered and isn’t it a genuine coincidence? … right, me neither! … and OK, they
know “Stonks” take a little hit, but there’s always the “Plunge Protection Team”
[PPT] lurking in the shadows, so “Stonks” most likely won’t be affected nearly as
much as precious metals.
And besides, this is just TALK & BULLSHIT “DOT PLOTS” … “blah blah,
yada yada” constantly talking possible rate hikes, but there ain’t gonna be any
spike in rates, cuz there can’t be a spike in rates … the trillions upon trillions
being printed and spent by Preezy Idiot Boy, and soaked up into the FED’s
balance sheet won’t allow rates to rise … cuz if they did rise significantly there’s
no way to print that much debt to cover even the skyrocketing interest payments
… all of yesterday’s pile of horseshit is to save JPM & the other bullion banks
from severe losses on gold futures if they had to buy ‘em back higher … after
June 28, mark my words, Spicoli’s tune will change, and so will the other
“village idiots” lurking in the faculty lounge and markets will be on their way to
the next level of “bubble” … cuz make no mistake, the “STONKS bubble” has to
be protected AT ALL COSTS, even if it means running faster towards Venezuela
… the one thing they cannot let slip into the Sheeple’s mindset, is that “things”
are bad and Ma & Pa need to sell their stocks … it’s why every time “STONKS”
hiccup lower, the PPT is there to make sure not even the thought of shit turning
bad is a possibility … can’t have it, can’t allow it! … and no matter what
blithering idiots like Spicoli say, they’ll run the oceans dry of water first to make
the ink for money printing, rather than allow the “STONKS” bubble to burst.
Not to make that big of a deal about it, but I warned weeks ago about the
“spec bandwagon” piling into gold, and how if it continues without corrective
activity, the ending is gonna be “ugly” … cuz every time … EVERYTIME in the
past when they drag every last nickel from specs to get long gold, this is what
happens … and this time all it takes is 5 days to WIPE OUT 39 days of market
action where LONGS feel “safe” before their sell stops get filled … “I got filled
where”?! … this has nothing to do with actually owning gold, and has everything
to do with trading gold, and most have no clue what actually drives gold
[pre Basel 3], and even when you tell ‘em they don’t want to believe it cuz it
upsets their groupthink about markets in general being honest and aboveboard.
And more than likely, with gold now not a threat to go orbital until after Basel 3 is
implemented, the FED has bought a little time [again] to produce more
propaganda, while hoping & praying inflation numbers cool some … quite frankly
I don’t see it, but I’m a trader NOT a “guru” … for “STONKS”, the first line of
defense for Spicoli and crew is the 4150 level on the SP500 … if we get there, it
will be heavily defended by the PPT … ultimately though, the 4000 level is the
FED’s “Maginot Line” … and if that goes, look the hell out below!
Meanwhile, in the real world that is mirroring the Cartoon Channel, Preezy Idiot
Boy continues his stumbling, bumbling, anger rants, and pressers where he can’t
keep a cogent thought without a cheat card, the world gets a good laugh at the
“U.S. of China” … I’m pretty sure Vlad is laughing his ass off, and can’t believe
his good fortune at being gifted the village idiot … I’m also pretty sure “Stonks”
ain’t likin’ it either … but for sure, he got 81 million votes!
As we start the day with the criminals returning to their screens on Wall Street,
the hemorrhaging continues in gold, along with lower “Stock Bellies” … volumes
being as pathetic as they are, I’m looking for algo “day trading” signals, and not
so much scalping signals, but if they’re there I’ll take ‘em in the DOW30 if the
volume is good enough.
THIS JUST IN AND HIT MY SCREEN! … UNREAL!!
Sometimes, you just can’t make shit up and have anybody believe it, but here
we go … apparently it’s OK over at PATREON to have creators that do porn, soft
porn, give gambling advice, dating advice, and a whole host of other bullshit that
appeals to the lowest forms of human meatsticks, but I’ve been notified I CAN’T
DO THE TRADERZOO PATREON, AND THEY HAVE CANCELLED THE ACCOUNT
WITH NO REASON GIVEN … ATTENTION PATREON: “GO POUND SAND, WHO
NEEDS YOU ANYWAY”? … apparently, even though I make it perfectly clear in
my GLD & SLV pdf’s that my material is for “educational purposes” only, and to
provide info on how to properly structure trades in HYPOTHETICAL PORTFOLIOS,
so that people can see the “what & how” of how professional traders position
themselves for max gain with limited loss, APPARENTLY THAT CROSSES THE
LINE and I’m worse than 20 year old chicks doing reaction videos to the worst
filth on the internet and have PATREON ACCOUNTS THAT ARE JUST FINE! … I
mean, seriously? … OK, whatever, I tried!
So, I’ll host live chat on the website via a portal people can use FOR FREE, and I’ll
have a link in the header for crypto donations for those that would like to
contribute … PATREON, what hypocrites! … I’ll make the changes over the
upcoming weekend, and by Monday everybody can partake, and tomorrow I’ll
comment on it more in the blog … THERE, I SOLVED IT FOR YOU ALL! … [will
they ban crypto next so I can’t get donations?]
Turning to today’s FED markets … another wonderful feeding of the Chipmunks
at the NYSE open! … why this isn’t illegal I have no idea, but once again the ETN’s,
ETF’s, and a whole host of mutual funds get screwed royally by the scumbag Wall
Street banks … and we all know why nothing is ever done about it … when
pressed on the Preezy Air Force One, Preezy Idiot Boy said, “umm, gurgle, pony
soldier, back in ‘56, I always liked that girl … have I got my 10% yet?” … it’s not
immediately clear to the North Korean press following him, whether he was
talking about the girl or the Chipmunks, so they never pressed him on it … ah yes,
our glorious MSM hard at work pumping propaganda.
Gold getting absolutely trashed again today, off of Fedspeak “Dot Plot” bullshit
that serves 2 functions … 1) kill the positioned longs [check!], and 2) save the
bullion banks from their “unallocated” gold short positions before Basel 3
[double check!!] … and all it took was some fantasy about raising rates, when the
entire world knows interest rates can NEVER RISE SUBSTANTIALLY EVER
AGAIN! … and while volumes are OK in gold today, volume isn’t coming like you
want it, volume comes off of very tiny rallies and price gets mutilated within
seconds, meaning if you aren’t out of your scalp BEFORE it turns, ouch! … and
with tomorrow being Friday, the early rallies will get sold … in order to halt the
bloodshed, the Chuckleheads in Asia got to sell it in the hole first, and then New
York can come later and rally the shit out of it and make the burn hurt.
The DOW30 is a little trickier cuz of the PPT and their shenanigans, but before it
bottoms the Chipmunks will sell the NYSE open first, AND THEN the rally can go
orbital … now in its 9th day in a row of decline, some 20 & 30 somethings are
getting a little heartburn in their trading accounts … can the PPT quench the
heartburn before it’s too late?
Meanwhile over in crypto land, VIX isn’t just getting smacked down some, it’s
getting destroyed! … 20 Day Range MA’s going down faster than Biden falling
down steps up Air Force 1 … and the trading action starting with the European
open has become simply terrible … ETH 19 hours into the day with slightly more
than a $100 range, which is pathetic, and the other alt-coins act like they’re in a
coma … I said a while back, that crypto would have to suffer through weeks,
maybe months [hopefully not years] of consolidation and backing and filling, and
pretty much dashing the hopes of everybody who wants to stay long and pretend
the BTC crash didn’t happen … well, here we are!
Only 1 algorithm buy signal today in DOW30 … TURNKEY PAMM UP SLIGHTLY.
First, from the day trading side of the algo, the market opened cash trading in
“buy mode”, but after feeding the Chipmunks their daily dose of gruel, price
started to get “monkey hammered” lower, and within half an hour day trading
mode had turned to “sell mode” … it’s been there ever since … from the scalper
mode side of the algo, 1 buy signal and while it worked out OK for a small gain,
about 2 seconds after I liquidated it got the “Thelma & Louise” treatment quickly
… and while I don’t particularly like the action we are seeing, cuz make no
mistake, right now we’re in the back “6” of the “88/6/6” paradigm, there isn’t
much to be had on the upside when action turns nasty and people start getting
really nervous … and I’d say we’re there mi amigos!, in the DOW30 and
especially in gold where the action to the downside is brutal, and looks like
forced selling. EXIT QUESTION: “Today appears to be the 9th day in a row of the
DOW30 being lower [could change later with PPT help but for now it’s lower]
… when was the last time the DOW30 had 9 days in a row lower? … A: I dunno,
I went through the DOW30 daily history all the way back to 2012, and there isn’t
any other time period it’s done this … Welp!” … can you say back 6%? … I’m
not predictin’, just sayin’, be mindful of a stock meltdown cuz the probabilities
of one are a lot higher now than a week ago … meanwhile over in the NDX100,
it hits another ATH today! … “WTF is this”? … talk about rotation back into tech,
this is mind boggling!
Over in crypto, no trades today cuz I’m waiting for a pulse to appear to the
upside.
And just as a reminder from ZH, tomorrow sees the June “Quad Witch” day in
“STONKS” and $2.2TRILLION of derivatives expiring! … can I just write you a
check for that? … Outta here … “the future’s so “GOLD”-en bright I need
sunglasses”! … Onward & Upward!!
-vegas
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