Both the Ruskies [Vlad & crew] & the ChiComs [Xi] knew years ago it was time to
accumulate gold and dump dollars … Vlad’s exposure to the U.S. Dollar is literally
ZERO … “candy wrappers” the Russians now call the U.S. Dollar … and now
we’ve got the Russian Ruble HIGHER in value than it was pre invasion of Ukraine
… Vlad has been preparing for sanctions for years, and only complete Idiot
Savants like “Taliban Joe” believe they can work … Biden’s infamous quip that
he’s gonna turn the ruble into rubble is like everything else he predicts, and this
has already turned into shit … outplayed again by Vlad, the only ones hurting
from sanctions are going to be U.S. citizens … supply chain shortages, fertilizer
shortages, and food shortages are in the immediate future for ‘Murica & most of
the E.U., thanks to feckless POLS who don’t know nor understand shit, except
of course the propaganda they peddle to cover their own failed policies … I’m
not suggesting Vlad’s invasion of Ukraine isn’t a humanitarian disaster, cuz it is
… but listen to Morons like Biden, and you’d think Ukraine was the second
coming of the U.S. colonies breaking away from Britain … Ukraine was / is a
corrupt pile of Western propped up piece of shit, a CIA led coup in 2014
somehow OK with the world, and what did Zelensky do after the war started?
… why he outlawed ALL domestic political parties in Ukraine except his own,
thus making himself dictator … yea, that’s some democracy they got going isn’t
it, led by the former comedian clown?
ZH has a good article today, summing up the implications of the new commodity
[read gold & oil] backed currencies [Ruble & soon to be Yuan], and their ushering
in a new paradigm of the world’s financial system … Z. Poszar, of Credit Suisse,
calls it “Bretton Woods III” … the link directly below.
https://www.zerohedge.com/geopolitical/commodity-currency-revolution-begins
And since gold is now pegged via the CBR [Central Bank of Russia] to the Ruble,
directly below a handy reference guide to the FLOOR FOR THE GOLD PRICE,
given the USDRUB exchange rate.
I spent a good deal of time this weekend looking at every tradeable pair offered at
Turnkey on the MT4 … sadly, cuz of thieving LP’s used by Turnkey, where bid / offer
spreads are nothing more than an illusion and slippage is horrific, there are only 3
candidates for trading … spot gold [XAUUSD] at times, when the spread isn’t blown
out due to bullion dealer greed, EURUSD, & USDJPY … you trade anything else at
Turnkey and you’re gonna be severely disappointed in your fills, that will be
CONSISTENTLY OFF THE MARKET CUZ THE BID / OFFER SPREAD IS NOTHING
MORE THAN AN ILLUSION, AND SLIPPAGE IS HORRIFIC, even when market
conditions are tame or normal … in other words, they’re fucking thieves.
Some markets are worse than others, with crude oil and stock indices taking “top
crown” for “scumbaggery & fuckery” … Friday’s SP500 CFD trade for the PAMM,
although it was profitable off an algo buy signal, was nonetheless blatant thievery
on both entry & liquidation … whatever bullshit quote they are giving at any given
moment for the SP500, lower the bid by 0.9 index points and raise the offer by 0.9
index points, and that’s their so called market … an SP500 CFD order box quote
of [for example] 4580.0 BID / 4580.4 OFFER, is really a market of 4579.1 BID / 4581.3
OFFER … their effective spread is thus 2.2 index points, which is complete
horseshit … and on bigger volumes that approach or exceed the CME’s MICRO
MINI FUTURES CONTRACT [10X THE INDEX], IT COULD BE WORSE! … who the
Hell is gonna pay this kind of spread? … meanwhile, the Mrs. trades the SP500
CFD over at SIMPLE FX, with a very consistent 0.3 index point spread ALL DAY,
and rarely experiences any slippage more than maybe 0.1 index points … “oh, but
listen to Turnkey’s PIE HOLES, and they’re “industry leaders” in low spreads with
“top tier Liquidity Providers … what an absolute pile of horseshit that is”!
And so, all the PAMM has got to trade going forward is 1) gold, 2) USDJPY, and
3) EURUSD … simply cuz these are the ONLY 3 MARKETS that they either are
competitive with others, or they are actual leaders in total LOW COST … in gold,
they’ve long since lost the ability to call themselves “cutting edge” leaders in low
pricing, cuz at best they are no worse than anybody else … as I said in an earlier
blog post, I’m pretty certain gold can’t be traded every day at Turnkey on a
consistent basis, simply cuz their spread in gold is highly inconsistent from day
to day … it could be 30 cents one day, and 60 cents the next, without any
difference in trading conditions, daily range, or intraday VIX … it’s solely a
function of whether or not the scumbag bullion dealer bank LP’s [or HFT] they use
sense activity that would lend itself to scalping, and if that’s indeed the case the
spread goes up … it’s got nothing to do with market conditions.
It’s a pretty close call between EURUSD and USDJPY, determining which offers
better scalp / day trade trading … what it boils down to in USDJPY, since the BOJ
manipulates EVERYTHING FINANCIAL in Japan, is whether [at the margins] U.S.
interest rates are rising or falling, AND HOW FAST … if U.S. rates are stuck in mud
and not doing much, and word on the street is for no real up/down movement over
coming weeks / months, USDJPY is gonna be a “chopfest” and range bound via
tiny daily ranges that make for a LOW 20 Day Range MA … on the other hand,
currently we are in a rate environment where U.S. rates are skyrocketing, and calls
for hefty fed funds hikes going forward into the end of the year are all the rage
… meaning of course, that USDJPY is rising [Yen lower] and the ranges are high
… and in this environment, trading USDJPY is more favorable than EURUSD.
Bottom line is we’re forced to do only what we are capable of doing without
getting ripped off in 3 markets … sad but true … Simple FX does not offer a
money management PAMM program, so there can be no relief there … PRIMEXBT
has so many rules & regs for a PAMM, it’s not worthwhile to pursue, and besides
that their spreads over the months have worsened to the point they’re worse than
Turnkey! … Coinexx uses Turnkey’s IT arm for their entire platform, so all you’re
getting is Turnkey’s leftovers, plus an added expense of Coinexx, which doesn’t
lower trading costs one bit … when you look at the Turnkey platform, either MT4 or
MT5, the entirety of the quotes for other markets outside of the 3 I’ve mentioned,
ARE A COMPLETE FABRICATION, AND IN FACT THE MARKET MIGHT BE, OR
MIGHT NOT BE, ANYWHERE NEAR THE REAL MARKET … it all depends on the
market maker in question and whether their book is long or short, as to how they
fill you, and whether or not you’re selling into a red down spike or buying into a
green up spike … take these 2 factors together and you have your fill, and 99.9% of
the time you ain’t gonna like it one “Hoover Dam” bit … and while I can’t prove it
cuz I don’t have access to their books, my guess is Turnkey gets a kickback from
“favored” market makers when customers are filled off the market … I’d bet that
95%+ of all their customer orders go to one or two LP’s for fills, cuz they offer the
biggest kickbacks to the house.
And why shouldn’t anyone think this? … since when does Turnkey ever care
whether or not you, me, or the man in the moon just got ripped off trading the
SP500, or any other market? … they don’t ever do shit about anything, which I
find strange if you wanted clients to be satisfied with your brokerage house … and
what would be a good reason not to care if you’re them? … EASY PEEZEE: they
get a kickback off the rotten fill, thus expanding their revenue at your expense
… what other reason could there be for not giving a shit? … and so, my guess is
only gold, EUR, & YEN are the headline volume leaders at Turnkey, and if they
FUBAR these 3, they might as well close the doors and sell vitamins … that would
explain why pricing, latency, & fills are decent to excellent, especially USDJPY
… cuz if you fuck up the one market most of your clients trade, and maybe trade
heavily, how do you make any money acting as a middleman brokerage house
between a scumbag bank or HFT and the client?
So while I would love the opportunity to trade some of the other volatile markets,
like crude oil or the “Stock Bellies”, you can’t pay “Mafia Vig” and expect to come
out on top … right now, I’m not really looking to trade EURUSD … USDJPY will be
my first choice, then gold … it will just depend on the day and how it shakes out
… onto the shortened Easter week.
Before I go, directly below the 20 Day Range MA’s for selected pairs. Of note,
starting this week, I’ll be posting the closing Friday BID price for USDRUB in this
table … since gold is now pegged to Rubles, it makes sense to keep your eyes
firmly planted on where the Russian Ruble is trading, and using the handy little
conversion table above, what the floor for physical gold is … as the USDRUB rate
changes, so does the floor for the price of gold … my only hope is some bullion
banks go bankrupt fighting the CBR and gold’s price rise to the stratosphere
… couldn’t happen to a nicer bunch of complete scumbags.
And yes, feeling 100% today 👍… outta here … “The future’s so bright I need
sunglasses”!! 😎😎… Onward & Upward!!
-vegas
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