An excellent article over on ZH today, laying out the 2014 led U.S. “coup” in
Ukraine, and the pathologically corrupt Joe Biden’s role in it … “ah yes, the
“Grifter Class” in the U.S. is never far away from the money are they”? … the
link directly below.
https://www.zerohedge.com/news/2022-03-06/biden-was-personally-involved-
Started with the Asian session last night, but Turnkey being Turnkey the spread in
gold hovered right around 80 cents the whole night … that didn’t change much
even when I got to the screen later around 5 AM EST … only when New York
came in did it come down to around 30 cents where we’re at now … still a tad
high, but considering the news flow not out of bounds … so no trades last night
cuz of the spread.
Now into New York, and another “meeting of talks” on tap for today between
Russia & Ukraine … quite frankly, I grow weary of this bullshit, cuz neither side
is gonna give an inch, but you never know what’s going on behind the scenes
that isn’t being reported by the PROPAGANDA MSM PRESS … so we’ll see
… trade is quiet as we await the criminal money laundering NYSE open in about
90 minutes … and then right after I write the last line gold goes “tapioca” down
$10 in one M1 … not quiet now.
This type of gold action today is prevalent when you get the type of panic open
on a Sunday night, where nothing is open but a 7-11 in Tahiti and the spreads are
a mile wide and 1 inch deep … what dealers are really telling you is “they ain’t
gonna let you scalp the market and pick them off, a buck here and a buck there
… nope, ain’t gonna allow it … and it stayed like that the entire night from what
I’ve seen … then we get New York, and for about 3 hours we had a tradeable
market before the London Fix kicked in, Europe closes, and the gold spread
balloons out again into the 40+ cent range.
Along with that, are gone the market movements in the m1’s that actually move
somewhere, and instead we get lightning strikes followed by crickets, the usual
M.O. of scumbag bullion dealer banks that trap both longs and shorts with “false
positives” … throw in a $40 range for shits & giggles that means ZILCH, and
every minute that goes by in the New York afternoon will see more and more
traders hitting the exit gate … oh, and let’s not forget the “wildcard” here, the
“peace talks”, which are really good for scaring the shit out of traders even when
there’s no news, cuz the dealers will CREATE THE NEWS and then fade you.
While on the surface it looked like a decent trading day, look under the hood and
see there’s no engine bloc! … that “window” of about 3 hours, simply saw
straight down, followed by straight up, then sideways into the London Fix … I will
add, not atypical of a new start to the week from Sunday night, where usually
price & spreads are FUBAR until at a minimum China comes in, and then maybe
Europe starts … lately China has been enough, but with spreads blown apart, it
didn’t make any difference.
And this “peace talk” bullshit is getting under my skin … shit or get off the pot
… getting strung out with minutiae simply is to the bullion banks favor … and
while I don’t think anything will come out of this horseshit, you got to be really
careful in afternoons when news could break, cuz if they come to ANY DEAL and
you’re long, you’re gonna have a really bad next couple of minutes … meanwhile
the daily chart in gold is starting to look problematic from a technical structure
… we need some down days, no matter how shallow, and we need more spec
longs to get flushed out [like from last night] … we keep running higher on gap
openings to the upside, and the end when it comes will be UGLY, like what
happened in August 2020.
Into the New York afternoon, and price is drifting on small m1 ranges with an
occasional spike here and there, but very range bound and choppy ,,, algorithm
parameters & metrics literally on top of each other, and it’s “flip a coin” signal
time … I’d like to see some downside action to clean the market out, but so far
the only real break today came on a Russian rumor they’re willing to stop
fighting “IF” … and when the dirty little details were released it went right back
up … in other words, a planted headline to engineer selling.
And speaking of planted headlines & outcomes, here it comes, where Ukraine &
Russia both say no progress made in “peace talks” … well no shit, somebody
tell me how this is news? … and yet, gold takes off $10+ to the upside like it’s
something unexpected … quite frankly it’s the opposite! … and where does this
kind of headline rumor mill leave the algorithm? … easy, in the dust cuz you can’t
get a signal off of a straight shot move in either direction.
NO trades today for the Turnkey PAMM … if Asia decides to play tonight with
decent spreads I’ll be there … if not, screw ‘em, see ya later … we’ll see … we
don’t need $40 ranges, we need positive trading action with decent spread,
something we never got today except for a brief few hours and even then price
went straight down then straight up … then came the “peace games” … what
utter horseshit, anybody expecting a breakthrough in these so called talks
… onto tomorrow.
Over in crypto land, some heavy chop action in BTC with a sluggish trade and
range … no trades here as well … trading action in BTC simply terrible.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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