I don’t want to hear another “Hoover Dam” word about how Basel 3 is gonna
change gold trading … bullshit … it’s the same crowd, doing shit they’ve always
done, where long gold specs get creamed and banks make hay … and last
Sunday proved it beyond a shadow of a doubt … “why it makes perfect sense
doesn’t it, that somebody running a “FOR PROFIT” hedge fund, would pick the
worst time of day to unload at the market 20,000+ futures contracts in gold, with
the worst liquidity and volumes imaginable, where the only thing open is that 7-11
in Tahiti? … and of course, who cares about the $100+ per OZ. waterfall in price as
the bid side of the order book gets wiped out, and sell stop hell is unleashed for
the scumbag bullion dealer banks to feast … it was a great bankers buffet wasn’t
it? … no, it was the typical “Comex Con Game” being run like it always has been
… Basel 3 is nothing more than propaganda for the financial masses, where shit
weasel lawyers dream up “exclusions & exceptions” for bullion banks to slither
under so they can continue to steal money from the trading public via central
bank manipulation … if you believe anything has changed, i got some farmland
in the middle of the Atlantic Ocean to sell you … cheap, you’ll love it!
Of course, first and foremost, the Chuckleheads in the Asian session have got to
be on the wrong side of the trade before anything happens in gold … notorious for
buying the tops and selling the bottoms, Mrs. Watanabe & Gal Pals are ripe for the
pickings from the bullion banks … “and how can you expect us to give up this
glorious piece of revenue just cuz of some dumb regs”? … well you didn’t, that’s
why you pay shit weasel lawyers!
One of the more interesting aspects of this most recent attempt to knock gold
down by the FED via the “Rally Protection Team” [RPT], is that the market saw it,
and immediately used the opportunity to buy gold with both hands, basically
snubbing its nose at the idiocy of the action … not just specs either, but I would
expect other central banks as well … “hey you, selling gold in a panic at that 7-11
in Tahiti, got any more you want to sell”? … these Dopes at the RPT were
probably working a few weeks ago in Afghanistan intelligence for Preezy Idiot Boy,
or maybe Grandma Yellen over at Treasury.
Consider this … since 2012, the price of gold has gone NOWHERE! … up some
and down some, but where it was 9 years ago. Since 2012, the U.S. money supply
has grown about 100%, and the FED’s balance sheet from about $1 trillion, to now
over $8 trillion with $1+ trillion getting added each year, for an astounding 800%+
growth … total above ground gold is about 205,000 metric tonnes right now, with
about 3,100 tonnes mined each year … Ok, then let me get this straight … gold
production since 2012 produces about a 12% - 13% increase in the supply over
9 years, while money supply and FED balance sheet expansion are in TRIPLE
DIGITS! … how is it the “paper” price is the same from 9 - 10 years ago?
… EASY PEEZEE: since 2012, and the introduction of the RPT to suppress
gold’s price … there isn’t any other feasible explanation.
And while I’m at it, before I get into today’s “markets” [cough, bullshit, cough],
come the blog update on Sunday, I’ll be expanding my list of 20 Day Range MA’s
table to include not only major world “Stock Bellies” indices, but also GBPUSD,
GBPJPY, XAUUSD [spot gold], and crypto [BTC, ETH, ADA, XRP, & DOGE] … in
order to effectively trade for the week, you have to know these figures, and if the
markets above aren’t moving nothing is moving … and btw, if any of my readers
want me to add any crypto or MT4 market, simply drop me an email and I’ll add it
to the list for your convenience … you’re welcome.
Very quiet overnight session, but the Chuckleheads did attempt to take gold
higher, and since Europe came in some light selling, but nothing to really trade
on as the ranges in everything are tight and moves are very tiny at best … FED
minutes later today at 2 PM EST, and as always the “guru analysts” will tell you
things are quiet cuz traders are waiting for them … bullshit, nobody cares, unless
there’s some kind of policy disagreement that accidentally on purpose gets aired
as a trial balloon, but that happens very rarely … markets are quiet for 2 reasons
… 1) it’s Summer and August, and 2) the reverberations of Preezy Idiot Boy’s
disastrous pullout from Afghanistan are still being mulled over, and quite frankly
many are waiting for the next shoe to drop from this disgraceful Assclown before
committing money to anything … and so, shit is getting played out in real time as
the world discovers America’s total incompetence, betrayal of its people &
supposed “friends”, and that the “Emperor has no clothes”.
This just in, housing starts plunge … so what? … STFU & buy MOAR! “Stonks”
… ramp up the QE CNTRL-P machine and make it go more “Brrrrrrr” Spicoli
… hell, we’re only doing $1 TRILLION+ per year, and I know we can do MOAR!
… Wall Street cheers, main street dies! … forget interest rate hikes or any
significant “tapering” of the FED buying worthless corporate shit to put on their
balance sheet … that’s all “blah blah, yada yada” for Dopes … the single most
important fact is that the U.S. borrowing needs are so great, any rise in rates will
kill the ability of the government to issue more paper fiat, and despite their
bullshit, real rates go nowhere to go but down into the rat hole of NIRP … in other
words, the slow “Japanification” of the “U.S. of China”.
SP500 charts, along with its brethren, looking somewhat “dicey” up here at nose
bleed levels … a take out of yesterday’s low should see stops, and if that happens
the “Plunge Protection Team” [PPT] will no doubt be on the scene shortly … as
for gold, this so far is the 7th day in a row up, and like infinite times before, specs
get giddy and start FPMO-ing and then the bullion banks step in and take it all
away in mere minutes, as gold goes “Thelma & Louise” faster than Biden walking
away from that disastrous Afghan speech … let the games begin!
London Fix time, and as it’s been the case practically the entire month, looking
over the board, I don’t need huge VIX to make money, but by the same token
markets totally dead the entire frickin’ day isn’t doing anybody any favors as well
either … FX a complete joke, with EURUSD a 30 PIP range, Cable with a 50 PIP
range, and you get the idea … yea, some of the non dollar crosses a little better,
but not by much … “Spoos” can’t seem to move, and gold is locked into a tight
range as well, with trading action simply horrendous … only a few crypto pairs
have seen any trading action today, and they aren’t on the MT4 … not to say
things have to stay like this cuz there’s still about 3 - 3 ½ hours of normal trading
left before things go tapioca into the NYSE close, but so far it doesn’t look good
… welcome to August, where the world is burning down but markets don’t care.
Since I came in to my screens a little after the European open, gold has done
nothing but slow walk down about $10+ [big whoop], and the “Spoos” have an
approximate 20 index point range that 99% of came within 15 minutes, and has
been dead ever since … I’d go work at the circus, but the wife & dog tell me I’m
not qualified to shovel shit, and besides I’d just piss off all the animals and start
a riot.
Again today, and yea I know it’s August & Spicoli is on tap at 2 PM EST, but
nonetheless day-after-day we keep seeing markets trade with ranges that are in
excess of 30%+ UNDER their 20 Day Range MA’s … today so far no different in
the SP500, and what you must remember is that when markets tighten up, and VIX
dies, there isn’t a “Hoover Dam” thing any model or algorithm can do to save you
cuz everything collapses in on itself and the data it spits out is worthless … we
don’t need excessive VIX … hell, sub normal VIX would be fine … but drastically
lower VIX isn’t fine, and that’s what we’ve been seeing this entire frickin’ lousy
month … except in crypto … and while gold’s ranges aren’t horrific, underneath
the data are the M1’s, which lack any kind of scope for movement over most of
the day … it’s either move $3 - $5 in under 10 minutes, or move $1.50 over 5 hours
… and quite frankly the trading action stinks cuz it’s entirely driven by the
scumbag bullion banks who are doing nothing but reading order info and then
fading specs while setting off stops … and of course, there’s no follow through
to anything … it’s just one big mugging after another, until next time.
Of course, you also have to realize, that in traditional markets the FED
manipulators are hard at work to screw specs of all stripes, and see that transfer
of trading money get sent to the scumbag banks via chop, where they get their
“skim” … thus, VIX is the mechanism they use to do this, cuz they know if there’s
no movement, you ain’t makin’ any money … that isn’t the case over in crypto,
where the “whale” manipulators are there for PROFIT, and thus INCREASE VIX
which helps us … go “whale” manipulators! … obviously of course, as Turnkey
is the “poster boy” for FUBAR crypto trading, none of ‘em can make honest and
fair markets simply cuz there’s not enough corruption & graft in it, so they can all
feed off of you … and there’s your answer in a nutshell … you’re welcome.
Imagine if you will, where you can trade gold with a 1 cent bid/offer spread, and
your round turn [RT] commissions were maybe 1 or 2 TENTHS OF A PENNY PER
OZ. … then imagine 20 Day Range MA’s of WELL OVER $100+ PER OZ., and when
the market moves there isn’t anybody to “jimmy” the spread up/down for their
benefit cuz it stays the same … do you think you could make money in that
environment? … well, if you can’t, then you don’t belong in the market! … my
point is, what I just described is available EVERY FRICKIN’ DAY IN CRYPTO!
… and while it may slow down, it ain’t going away no matter how many of you out
there wish it would cuz you don’t understand it and don’t want to … well, I’m here
to make money, and I don’t give a shit what it’s in, and “The Syndicate” does
just that!
We just went through July and part of the latter half of June, where crypto really
slowed down to a crawl … OK, so what doesn’t slow down some eventually in
markets over long periods of time? … right, nothing … OK, so having the option
to move to “Stock Bellies”, or gold, or even FX isn’t a problem, cuz like I said, if
nothing is moving it won’t matter what you’re calling your market by name or how
wonderful your algorithm is, cuz it isn’t gonna matter … if it doesn’t move, there’s
no money there, and that means some volume leaves for greener pastures … on
the MT4 right now, it’s either crypto with horrendous spreads and/or fees, or it’s
dead markets that are making you cry … quite frankly, I don’t know how anybody
right now can trade EURUSD or any of the other central bank manipulative
disasters dotting the landscape … your money is simply their money, you just
don’t know it yet!
Today for “The Syndicate” I traded DOGEUSD! [DogefomoCoin] and we’re UP
APPROXIMTELY 0.15%… and quite frankly, I love the action in this crypto pair
… pure 100% spec FOMO & panic on STEROIDS! … just on BINANCE alone, it
trades almost equal the dollar volume of COMEX gold each day, and it has one
of the largest spec followings in the world … and yes, the Chuckleheads over in
the Asian session absolutely LOVE THIS PAIR and trade the living shit out of it.
I’m still getting my “feet wet” in this coin for “The Syndicate”, so my volumes
have been extremely light as I figure out its market “fingerprint” and how it
trades before I wade in with volume … the trading conditions in DOGE are
absolutely superb … better than ANY OTHER CRYPTO PAIR IMHO … it trades to
the 4th decimal place in perpetual futures, and the bid/offer spread is 0.0001 with
my “gas fees” of about another 0.0001 of price … today it has had [so far] about
a 600 tick range [$0.06], and it’s been to both tips twice! … and that kind of range
is not unusual … in fact before the BTC crash in May, it was much higher … and
within a handful of 4th decimal place ticks, there’s millions of dollars of bids &
offers, so anybody wanting to go “whale” without upsetting the market, well here
ya go! … you wanna trade at $1000 or $2,000+ a tick [0.0001]? … this is the place
to be, cuz it can handle almost anything! … so, bright days ahead for
“The Syndicate”!
In the last 20 - 30 minutes, DOGE has moved more than the SP500 has this
WEEK! … how’s that for FUBAR? … we’re now simply waiting for Spicoli’s FED
minutes, which should produce nothing … we already know what they did,
remember? … good grief what a joke, and gold isn’t far behind.
FED minutes are out … yes, by all means, suck in more long specs to gold for the
7th day in a row … good luck with that … Comex Con Game in full force!
… ‘Stock Bellies” like it to, but not as much as gold for some reason … half of
“Spoos” & gold’s entire ranges for the day in 5 minutes … and they call these
“markets”? … nothing new in these minutes but a lot of “what ifs” and CYA in
case this or that happens … I don’t see how the “Spoos” or gold shoots up 8
index points or $8 cuz of this, unless it’s just that they caught some hedge fund
Schmuck short and are squeezing some cashew nuts … that’s always a
possibility, with the banks running panic … in other words, just the usual
bank LP scumbaggery.
It’s always difficult when the day starts at 2 PM EST, and there isn’t shit to do
the entire day, and then it’s “panic city” either up or down … welcome to
“Casino Night” in “Murica … and now that the mini melt up has ended and
cashew nuts crushed, here we go to the downside and take back the bullshit
that ensued for 5 minutes when the minutes were released … at least at the real
casinos, they have the class to offer you a free buffet … here you just get laughs
and the middle finger.
Well, the “Spoos” aren’t liking this at all, and it looks like some BTFD-ers might
be in some difficulty … that was a fast 16 index points down … given their mood
for tapering this year, the geo-political environment currently, and China rapidly
slowing down, we’ll see how long this “taper” talk lasts if the SP500 starts
tanking … my guess is it’ll be out the window “el quicko”! … “are we gonna get a
“Taper Tantrum” in “Stock Bellies” coming up sooner rather than later”? … let the
SP500 blast through 4400 to the downside, and see how fast the PPT shows up
once the selling stops, cuz as we all know, the ONLY thing that matters to the
Lizards at the FED is the level of the SP500, everything else no matter what they
say is bullshit … don’t ever forget that!
NO trades today in the Turnkey PAMM.
When nothing on the MT4 moves, what is it I’m supposed to do? … too late in
the day now with less than 90 minutes to the close … hopefully overnight some
action occurs and we get some trading conditions tomorrow that are appropriate
to trading … onto tomorrow.
Outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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