Framed in an historical context, it’s all starting to make sense … first you had
Eisenhower warn of the rise of the “military industrial complex” [MIC} and the
danger its growth would be to the future of the U.S. … nobody listened … JFK
had so many enemies who wanted him dead, figuring out who killed him is next
to impossible … but somebody killed him and it wasn’t the “patsy” Oswald … it’s
a well known fact, JFK wanted the CIA disbanded, and in his words “broken into a
thousand pieces” … he also wanted us out of Vietnam … well, the “Deep State”
didn’t like that much, and LBJ escalated Vietnam into the debacle it became
… MIC 1 - JFK & the people of the U.S. “0”.
And as the “House of Cards” grows via stolen elections, regime change,
assassinations of foreign leaders, and basic “scumbaggery & fuckery” we see
now almost daily, in the final analysis, for the “Con” to be successful, you need
a “fall guy” to take the blame and thus divert attention from those really
responsible … why did Obama pick Biden as his VP? … cuz he needed a “Patsy”
he could control … why did the “Deep State” pick Kamala Harris for Biden’s VP?
… cuz she’s even dumber than Biden and is easily controllable or so they
thought … seems she isn’t seen standing next to “Taliban Joe” much cuz she
doesn’t want the stench to wear off … but a complete “lightweight” nonetheless.
And what is the “Con”? … it’s every Libtard Leftist dream of seeing the U.S.
destroyed and an Authoritarian state replacing it … run by Libtard Leftists of
course! … you will be told what to think and you will obey! … and the destruction
of the U.S. needs a “fall guy” … usher in via a stolen election cuz everybody and
their brother knows this Doofus never came close to 81 million votes, and
“Taliban Joe” sells his soul to the Devil to become Preezy AND the “fall guy”, cuz
the “Deep State” needs protection from the harm they’ve done the last 60 years
… Hell, I’m not even sure there will be a 2024 election, cuz I’m not sure the
country will be intact for an election! … “if you wanted to intentionally destroy
the U.S., what would you do any different than what this Dope has done so far in
a little over a year”? … what?
And the U.S. “House of Cards”, politically, socially, morally, and financially is
collapsing before your very eyes right now … the catalyst for all of this, of
course, is the west led by the U.S. in its hubris and short sightedness in dealing
with Russia, and not taking them seriously for the last 30 years, when they have
repeatedly said there would be consequences to NATO moving east … and just
for good measure throw in the biggest financial bubbles of all time, record levels
of debt to fuel everything, a complete collapse of morals almost everywhere you
look, and a pack of Grifters in both parties that pose as “leaders” … no, what we
got are “criminal families”, led by the Clintons, Bush and his deranged crew of
RINO’s, and now Biden and family, most notably the infamous Hunter … “ I told
you it would get worse, did you think I was kidding? … and it’s gonna get far
worse from here”!
I’ve tried to stay up into the Asian session, but my body can’t physically do it … if
I had to, I could probably do it for a day, but consistently there’s no way … last
night I couldn’t make it past the first hour before simply conking out … OK I
reckon, no problem, I’ll just get up around the European open and take it from
there … I get to the trading app about 4:30 AM EST, and I’m having a hard time
figuring out what I’m seeing … WTF is this? … gold with a $40+ range in Asia,
having blown up to about $2020 ,,, here 3 hours later, we haven’t moved $3 from
the median point as the market has died … wonderful, just absolutely fucking
wonderful … it’s little wonder people jump out of 50 story office buildings and go
“splat” … don’t know what the spread was, but I’m guessing it wasn’t friendly
… what a crock … as I’ve said before, who needs New York, it’s the Pacific Rim
that runs the world now?
Help me out here, I can’t seem to find the adjectives to describe a gold trade
NEVER SEEN BEFORE! … can’t ever recall seeing an $80+ to the upside range
in the history of gold trading, except back in 1980 when the Ruskies invaded
Afghanistan and gold rocketed to $850 … a high it took over 20+ years to
eventually take out … and here we are, in uncharted territory with about the
cruelest, most unsatisfactory trading conditions since the pandemic hoax trade
that saw spreads blown out to dollars not cents in March 2020 … one look at
Turnkey’s markets, and all you can do is laugh at the spread levels … their LP’s
are a fucking joke … “we’re here to trade, not put money in a fucking slot
machine”! … quite frankly, though, the day was over before Europe even opened,
with the Asian session responding to nickels 500% increase in price overnight
on the LME, and one of China’s largest banks not being able to meet a margin
call for short positions … the commodity contagion is SPREADING!
Visions of August 2020 go dancing through my head, cuz quite frankly you know
what happens next when markets go parabolic to the upside … it’ll come out of
nowhere, most likely in the New York session, and be ugly as Hell … on the other
hand, there’s right now no limit to risk on a trade that’s acceptable, even if the
range wasn’t 200% over the 20 Day Range MA … we’ve got m1’s today in excess
of $15 - $20+!, along with a spread from scumbag LP’s that are ridiculous! … and
if you’re wondering if “markets” are broken, THE ANSWER IS A DEFINITE YES!
… broken cuz of FED manipulation and other central bank “scumbaggery &
fuckery” that’s now coming home to roost, after years of QE CNTRL-P funny
money.
Now into the New York afternoon, and it looks and feels like the longs in gold are
on the run … we’re now $40 off the high and the banks have the upper hand … if
this keeps going down, this could get ugly fast!, especially a break of 2000 after
being up at 2070 … quite frankly, this is what gold has always done the last 50
years … they suck people in long at or near the top and then KA-BOOM!!, down
goes Frazier! … and there are hints … only hints … that Zelensky may be ready to
capitulate and agree to Russian terms … only rumors, probably and most likely
started by scumbag banks … I’m just sayin’, not predictin’, but if it turns out it has
legs, next stop will be back in the high 1800’s for gold … of course it’s rumor
bullshit, welcome to trading! … when there were pits, this kind of rumor mill was
an every 5 minutes happening! … in other words, this action today isn’t trading,
it’s GAMBLING … we’re out past the “6 sigma” range in probability theory, and
we’re in “The Twilight Zone” [TWZ] … and when in TWZ there are no rules and
anything / everything can and will happen … the laws of physics & math don’t
apply here, and if you have any brains you back the fuck away and put your hands
in your pocket … and I might add, the first trip I can ever remember where this
kind of range isn’t to the downside but the upside … A FIRST! … welcome to the
side nobody has ever been before! … I’m sure it’ll be smooth sailing, right?
No trades today for the Turnkey PAMM … for what should be obvious reasons
… I’m here to trade under circumstances where we have the edge probability wise,
so says history … I’m not here to play roulette or pretend I’m in “Trading Places”
… algorithm rules are what they are, and the only break we’ve gotten worth a shit
is the one that’s happening now in the NY afternoon … in bull markets, beware the
breaks late in the trading day cuz they’re the ones that are extremely dangerous
and have the potential to keep going lower … and right now, I’d be awfully
nervous if I’m long, cuz it looks like the scumbag bullion banks have recovered
control of gold for now … and since they’re the only ones selling, they’re gonna
attempt to run sell stops here in the next 0 - 48 hours, and the market is
vulnerable to quick vicious selloffs … gold is not immune to gravity! … or it
stops, turns around and rockets … dunno, don’t care! … point is, don’t buy
afternoon breaks, only pre New York afternoon ones, if the range hasn’t been
blown out AND the spread is decent, which today is 0 for 2 at Turnkey.
Meanwhile in crypto land, we wait for “Taliban Joe’s” EO on crypto before trading
BTC again … it’s due this week sometime, and that’s why crypto is quiet and
doing nothing but chop … when the dust settles I’ll be back to trade it.
Despite what some might think, today’s gold trade a disaster … simply no way to
define risk on any trade within acceptable means … none whatsoever … a market
run by sheer FOMO panic, and then panic selling, now turned back buying again
… hopefully tomorrow sees more tame action with some tradeable breaks, cuz if
this shit just keeps going up, there’s another August 2020 day in gold’s future
coming up real soon! … onto tomorrow.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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