Well that escalated quickly didn’t it? … on a Sunday night, while only that 7-11 in
Tahiti is open to “service” FX orders, here comes somebody in the thinnest
conditions imaginable selling about $4 Billion dollars worth of gold, and not
giving a shit about price … what we have here is clear … it’s the return of the
“Rally Protection Team” [RPT], located in one of Hitler’s old bunkers, now part of
Manipulation HQ at the FED, and they’re back to make sure you understand that
gold & silver are not gonna be allowed to rally, come hyperinflation or not … good
luck with your yellow rocks! … obviously, over the last several weeks too many
specs of all stripes have gotten long gold … well, within a few minutes on a dark
Sunday night when nobody is looking, all the sell stops get filled way lower, the
scumbag bullion dealer banks WIN, and you long position holders LOSE, which
from the bank’s perspective is the natural order of things, all with the help of the
FED where a few billion dollars is “chump change” and made up in about 30
minutes from the “Brrrrrr” of the CNTRL-P machine … MESSAGE FROM THE
“MOTHER SHIP” TO GOLD TRADERS: “hahahahaha, and you thought Basel 3
was gonna change things”?
Meanwhile, everything else is D.E.A.D. … not surprising really, the Monday after
an NFP in August, and only a couple of FED PIe Holes on the agenda for later in
the day … FX a complete joke … “Stock Bellies” drifting … can the FED blow the
biggest financial bubble in history larger still, while at the same time talking about
talking about “tapering” QE? … this high wire act of pure comedy gold comes
courtesy of Faculty Lounge Lizards talking shit out of both sides of the Pie Hole,
trying to give everybody something to hang onto so they don’t sell their beloved
bubble “Stonks” … quite frankly, IMHO it’s all Kabuki theater … blah blah, yada
yada making shit up as they go along … listen closely, they all sound like
Goebbels giving a speech about winning WWII … a bigger collection of
Apparatchik clueless,, fraudster Twits you’d be hard pressed to find anywhere.
Now we enter that time period in August where all eyes turn to Spicoli at Jackson
Hole, as well as the gaggle of Faculty Lounge Lizards who’ve been given their
marching orders of what to say on the “rubber chicken” circuit … looks like the
“new” line in the sand for the SP500, which can’t be breached on the downside
without massive “Plunge Protection Team” [PPT] intervention that will make you
bleed, is the 4400 level, with a target of 5,000 by 12/31 … seems ridiculous, and it
is, but hey, “BUBBLES”! … they’ll find something to latch onto that’s just weak
enough to warrant further QE and the easiest financial conditions in history, to
jettison what’s really important, and that’s the “Stock Bellies” to make you forget
about the “U.S. of China” going down the Venezuela rat hole at a frightening clip.
Another criminal NYSE open … what an absolute scam … another Chipmunk
feeding at the open, where mutual funds, ETN’s, & ETF’s get ripped a new one from
the scumbag Wall Street banks, cuz when they place their orders to buy before the
open, that info gets passed onto the illegal prop desks offshore that push futures
higher, guaranteeing the highest possible paid prices, where the prop desks then
sell … nice work if you can get it … “why do I get the feeling I’m sitting at a slot
machine”? … FED Pie Hole due in minutes, won’t this be comical? … new highs
for another reversal, double reversal, WTF I’ve lost count!!
What level of trading hell have we descended into? … at the infamous “London
Fix”, Cable with a whopping 44 PIP range that gets slightly expanded to 48 PIPS
as somebody is getting “fixed” alright with new lows right into 11 AM, and if you
think that’s horrible, there’s EURUSD with a 24 PIP range … but no worries cuz as
soon as some dumb ass institution is filled selling at the bottom Cable will rally
… amazing how that happens, right? … meanwhile, the DAX30 for the European
session a total joke range of 102 index points … these are so far below current
20 Day Range MA’s, it almost defies imagination … thanks manipulators! … then
there’s the U.S. “Stock Bellies”, where if the NYSE FUBAR openings get any
worse, people will start abandoning this shit for greener pastures … quite frankly,
this is fucking ridicullous … Summer or not this is bullshit, with all of these
multiple reversals that have become commonplace … talk about FOMO & panic,
these are it, mirroring more & more like a craps game in Las Vegas than anything
I’ve seen … and as soon as they’ve sucked in some specs with a tiny MOMO
move one way or the other, like a lightning bolt from hell, it reverses with a
vengeance in a microsecond trapping those who either bought the top or sold
the bottom … then comes the drift ‘till next time, rinse & repeat … all within a
very tight range that is very subpar to its 20 Day Range MA … this is modern
trading finance inside the casino … don’t forget to ask for your free buffet!
Meanwhile over at Turnkey in their crypto offerings, BTC & ETH go from the best
trading conditions anywhere TO WORST CONDITIONS ANYWHERE WITHIN 11
MINUTES! … all it takes is ETH to move $20+ one way or the other, and the HFT
LP wets its big girl panties and wants “protection” … the spread goes from
20 - 40 cents to over $6+ in less time than it takes you to make a sandwich, all
cuz ETH rallied about $60 … so, it matters little whether you're long/short, if it’s a
loser they stuff you with an extra 10%+ added on top of your loss, OR THEY ROB
YOU cuz the bid hasn’t risen as fast as the offer, and they take their 10%+ cut
from your profit … what a bunch of thieves.
Noon in New York, and “Stock Bellies” are a total joke … the only things moving
today are ETH & to some degree BTC, that’s it … still time for new highs,
followed by new lows, etc. … literally nothing surprises me anymore about
“Stock Bellies” except the brazenness of the manipulations and how nobody
seems to mind what the destructive nature of the FED is doing to the country.
Yea I know it’s Summer, but still this is embarrassing for major markets to be this
“Hoover Dam” quiet … forget quiet, how about DEAD? … we’re moving towards
the close in New York, and quite frankly only an idiot would have a position of any
kind on in this dog poo, where the DOW30 hasn’t moved 10 index points in the last
2 hours+ … No trades today in anything … hell, even for ‘The Syndicate”, I
searched in vain for something that at least had a pulse … sorry, NADA on that
front as well! … doesn’t matter the platform, if it ain’t movin’ there isn’t anything
to do … nothing anybody can do about it, it is what it is … move onto tomorrow.
Outta here early before my head explodes … “the future looks so bright, I need
sunglasses”! 😎… Onward & Upward!!
-vegas
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