“To say “The Mrs.” & Miss Gimpy are “focused” is an understatement!!”
Over in “Download Links”, The "Vegas Alternative Trading Algorithm” has been
released … very short, only 9 pages … it’s just another way of looking at and
interpreting volume and its impact on price from a different angle … both
“The Mrs.” & Miss Gimpy had an important role in its development and in its
visual form … they finally got their 15 minutes of fame!
Directly below, the current week’s 20 Day range MA’s for selected markets.
Some big downward moves in values for FX, “Stock Bellies”, and crude oil … gold
& silver in traditional markets are the only ones holding their MA values
… everything else getting slaughtered … quite frankly there are hints everywhere
the Lounge Lizards at the FED have lost control over the gold market … 1) every
attempt to punish price by waterfall price breaks gets bought quickly and
aggressively, pretty much telling you that these breaks are stops only and not
fresh selling … in other words, scumbag bullion dealer stop hunts to get them out
of shorts … 2) after the most aggressive rate hike trajectory in the history of the
FED, gold is still relatively close to its ATH … less than $100 … not “IF”, but
“WHEN” another bank gets into trouble, OR commercial real estate [CRE] starts
defaulting, price will explode higher as the FOMO goes into overdrive … and
3) the paper gold market isn’t affecting the physical market for gold, as price
premiums for actual delivery of bullion into your hands remain high.
A good interview on ZH with Andrew McGuire from “Live From the Vault” at the
link directly below, as the FED has FUBAR the entire gold complex and is losing
the price suppression game via the “Rally Protection Team”: [ RPT] in
conjunction with LBMA scumbag dealers and the BIS.
https://www.zerohedge.com/news/2023-04-21/fed-fumbles-its-
Looking at traditional markets, the fact is everything is dying except gold … last
week a disaster in FX, as price didn’t do Mr. Jack “Diddly” Squat the entire week
… gold meanwhile [silver as well], all over the place … I do very much like the
VOLUME WEIGHTED MACD indicator, as it combines the information we really
need for basing positions … i.e., volume that affects price, and thus shoves the
FISHER TRANSFORM into gear … based on what I saw this past week in
evaluating the alternative algorithm, not so much in BTC cuz I know it’s “solid
gold” there, but in the gold market itself, I feel comfortable in moving PAMM
trading back over to XAUUSD.
I simply can’t sit here and watch EURUSD diddle fuck around up/down 1 or 2 ticks
over hours … same with the other pairs, and “don’t look now” but USDJPY is
slowing down remarkably in terms of price action and ranges … I’ll just have to
live with the warts & blemishes of gold and deal with them if/when they come up
… onto the week!
… 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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