We are quickly approaching that point in history where events speed up and
produce unintended consequences … both societal and financial … the U.S.
government [top to bottom] is soooooo immoral & corrupt, if you can’t bring
yourself to see this, then either you’re OK with it and may actually want it, OR
your head is in the sand cuz you don’t want to have to believe it … from a
financial perspective, markets are necessary for price discovery, and without that
the modern world as we know it would be radically different and more difficult to
navigate … so, there will always be “markets”.
The question then becomes how these “markets” are “gamed” by the financial
Elites of the world, specifically the scumbag international banks, bullion dealers,
HFT’s, extremely large hedge funds, scumbag central bank Apparatchiks, POLS,
and regulators who got their hand out as well … [did you ever know ANYBODY
as a kid who wanted to grow up and be a “regulator”?]
You can see the damage done to your wealth & finances by 2 years of Biden & his
communist gang, and I’m here to tell you it’s gonna speed up and get worse
… they are going to come for your personal wealth, and it’s coming sooner not
later … you simply got to have a financial [and probably physical] “escape plan”
… this highlights the limitations of gold, cuz carrying around more than a few
coins to get you “out of Dodge City” is not only dangerous, but physically hard to
do … you need gold and other precious metals OUT OF THE CONTROL of U.S.
government THIEVES, who will eagerly look to confiscate your hard earned
wealth “for the children” … that’s why I recommend BullionStar, located in
Singapore … check ‘em out through my link in the right hand column … “history
is replete with warnings about personal wealth … don’t be a procrastinator or
dreamer … it’s better to be 10 years too early, than 1 day late WHEN [not “IF”]
Biden and his gang come for your wealth … start small, whatever … just do
something!”
In that scenario, markets will continue to exist & trade, only the hegemony U.S.
markets have over world pricing will decrease significantly … we’re already
seeing that in physical commodities like crude oil, base metals, and precious
metals … the Pacific Rim, specifically China, along with the Ruskies & India are
starting to dominate metals and precious metals trading … and OPEC+ is
looking to reprice crude oil in Chinese Yuan … and when the Saudi’s do this, it’s
O.V.E.R. for the U.S. Dollar!
Since the start of the century some 23 years ago, the U.S. financial system has
lost tremendous resources to the “offshore financial world” … the only thing the
U.S. offers over and above other countries is corruption & money laundering
services, while at the same time making sure the Gestapo arm of the U.S. Elites
[the I.R.S.] hassles the shit out of you and wants to know every single “Hoover
Dam” thing about your trading … who needs this bullshit? … of course they do,
cuz they NEED to control you any which way they can … meanwhile the Biden
Crime Family can operate their “bribery, influence peddling, & corruption” cash
machine with impunity and accept cash from the ChiComs [documented
Libtards, deal with it], the “big guy” gets 10%, and nobody but nobody pays
taxes or gets hassled committing numerous felonies.
Because governments are so “Hoover Dam” good at corruption and debasing
the money supply, while at the same time bringing about ruinous inflation, “the
mice get smarter” and develop crypto currencies to escape the clutches of
people Hellbent on confiscating their wealth, OR controlling the flow of
information, goods & services, and general business commerce … fast forward to
today from 2009, when the Bitcoin white paper was released, and we got THE
FASTEST EVOLUTION OF OFFSHORE FINANCIAL SERVICES EVER SEEN IN THE
HISTORY OF THE WORLD! … bottom line is simple … “there’s no reason to ever
trade in the U.S., unless you like to get hassled and love government knowing
everything about your trading, and it doesn’t matter how big or small your
account is … and, there’s plenty of reasons to go “offshore” for trading purposes,
the top 2 being, 1) using crypto for deposit / withdrawal [including stable coins
like Tether (USDT), for ease of use, timeliness, and with only very small fees and
2) NO KYC requirements [in most cases].
When I look at everything in the TOTALITY, if I were opening a trading account
today, I would go to “IQCENT” [use the link in the top right hand column to sign
up … it’s quick, free, & fast] … here are the main reasons … 1) NO KYC to open,
fund with crypto … you only need ID to withdraw, and they don’t care if you use
U.S. ID, cuz I already checked with them … 2) they offer FX, CFD’s, & binary
options both … 3) there are no commissions, meaning everything is simply the
bid / offer spread … 3) simple interface trading platform that’s easy to navigate
… and 4) they offer all of the markets I’m interested in trading … 4) their crypto
markets are open 24/7/365.
No matter what you think of crypto, whether you love it or hate it, as a trading
vehicle it’s tough to beat … “IF!” … and this is a very big “IF” … if you can find a
place that has a tight bid / offer spread AND LOW GAS FEES meaning round-turn
[RT] commissions] … Bitcoin [BTCUSD or BTCUSDT] can really move … not like
times before 2022, when it had 20 Day Range MA’s in excess of $2500, BUT EVEN
BY TODAY’S STANDARDS of around $1000 or less, it still moves … but that
movement doesn’t do anybody much good if the spread is shit and the gas fees
are what I consider astronomical … typical in the crypto space today from leading
crypto trading houses like PHEMEX, are “taker” fees [market orders] of 0.06%,
and “maker” fees [limit orders filled] of 0.01% … that means fees on market
orders getting in and out come to 0.12% of the price of the coin you’re trading
… with BTC at roughly $28,000, that's a RT commission of approximately $33.60
PLUS A SPREAD OF A FEW CENTS AND SLIPPAGE … in other words, in a rather
calm market it’s about $35 to trade BTC on 1 coin, or ± $1 in P/L for each $1 move
in BTC … at IQCENT, the bid / offer spread in BTC is roughly $2 OR LESS and
there are no gas fees … 10X leverage should be sufficient for most people … and
it’s the same conditions for ETH [Ethereum], where the bid / offer spread as I
write is approximately 20 cents [$1768 last price] and there are no commissions
… PLEASE, somebody find me any place better than this for 2 volatile crypto
markets.
When the markets are open, gold [XAUUSD] has a spread of about 20 cents, and
Brent Crude Oil about 2 cents when it’s calm and 3 cents when it’s moving fast
… again, no commissions … they also offer Copper if you’re interested … in
tomorrow’s blog post, I’ll give a rundown of the spreads, including “Stock
Bellies” … as I have said many times on the blog, if crude oil [Brent or WTI, it
makes little difference] has futures pricing via the CFD’’s, I’d trade nothing but oil
all day every day … FX I’m not sure about, so I’ll defer until tomorrow.
If you’re into trading for the money, and that begs the question of if you’re not
what the Hell are you doing?, then IQCENT IMHO is a “game changer” … it’s a
“game changer” cuz of the structure of trading crypto for one, without the
exorbitant fees tacked on, but also cuz you got binary options with the platform
as well … between crude oil, gold, and either BTC or ETH, if you can’t find your
volatile market to trade then you ain’t lookin’ very hard! … the Mrs. hasn’t migrated
to IQCENT yet, but Miss Gimpy has … she runs the trading algorithm off of a live
MT4 account at COINEXX [or anybody could use a demo from any house as well],
where she’s got BTC, ETH, XAUUSD, BRENT Crude Oil, & DOW30 m5 and m1
charts … quite frankly, I don’t think she’s ever going back to any other markets
except these 5 … she’s had it with shit fills and slippage from bogus FX trades
done with COINEXX … at present, with BTC coming back from the dead, and now
having a 20 Day Range MA OVER $1,000, and getting conditions like it’s an FX
pair, why trade anything else? … and for the record, COINEXX has blown both
ETH & BTC spreads out, and they’re no better than the total cost to trade
at PHEMEX.
And we all know what oil spreads are like on the MT4 with houses like COINEXX
… the spread can be anything they want it to be … 2 cents one minute 5 or 7
cents the next with no reason whatsoever for the change except GREED … gold
is OK at COINEXX, but it’s the same LBMA market at IQCENT, so why be there?
The only real difference in prior algorithms for crypto and the present trading
algorithm for all markets, is that ranges are vastly different and the present
algorithm can handle slower, less volatile conditions, while the former can’t
… but even if BTC slows down tremendously, with the CFD conditions at IQCENT,
it’s still a great trading market … at the start of 2023, BTC had a 20 Day Range MA
of about $300 … talk about a nuclear winter! … but if trading conditions are right,
that’s still much better than anything in FX! … the only drawback is leverage
… I’ll have more on this tomorrow.
Directly below, this week’s 20 Day Range MA’s of selected markets.
Some rather big jumps in values, especially in gold and crude oil, the former now
over $30+, and crude oil over $3 again … while gold may hold these values, it may
be tough for crude to do so … if we go into recession / depression, probably not
… if the economy can grow and other world economies do the same probably yes
… it looks to be a volatile week ahead.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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