Amazing what high interest rates will do, huh? … let the “pukefests” commence,
and nowhere is this more pronounced than in gold, where for 50+ years our
favorite pet yellow rock turns money into dust … why should this time be any
different? … meanwhile, the Saudis & Vlad have figured out how to squeeze the
West for higher oil and are doing it quite well … can you say “stagflation”?
And of course, when gold gets monkey hammered, here comes the new HFT LP to
jack the spread higher … so today sees 5 - 7 cent spread become 7 - 40+ cent
spread depending, although it’s come back near to the new normal … buy a
spike up, and you ain’t gonna like what happens next … very disappointing but
not totally a surprise either … scumbags, top to bottom.
At least so far, I don’t think gold is there yet to be a full time scalping and/or
trading market … still too many problems, not the least of which is very
inconsistent VIX, and now spread game pricing rears its ugly head again
… and up & until we get SHTF and economies start collapsing, nominal rates
cuz of government borrowing demand isn’t gonna let that happen for rates
to collapse.
But through all of this market bullshit we’ve seen the last few months, from the
end of Summer and now into Fall, one market hasn’t disappointed nor given to
bullshit spread games, and that’s crude oil … I wouldn’t consider crude a
“scalpers” market unless you had steady 1 cent bid/offer pricing with very low
commissions or a “Trading Ratio” [TR] over 7+, but it’s definitely a “swing” or
day trading market … I’ll give credit where credit is due, and Coinexx seems to
finally have found decent LP’s [or one LP] for crude oil … 1 or 2 cent spread
makes it viable, and it appears from the data that 20 Day Range MA’s are starting
to pick up … even with a 2 cent spread, today sees a [TR] = 5+, which is
excellent … today also sees a nice move higher with no attendant bullshit blown
out spreads, unlike the move lower in gold … bottom line is, time to move back
over to crude for PAMM trading.
No trades for the PAMM today, but tomorrow sees us back in oil where the ranges
are picking up some steam, so I’m hopeful the trading action remains active
… over @ IQCENT, “The Syndicate” via a boatload of trades in EURUSD on light
volume, and we’re UP APPROXIMATELY 0.3% … can’t do at Coinexx what we can
do at IQCENT, simple as that … the very best conditions anywhere for scalp
trades in EURUSD, or any market for that matter … money is money, who cares
what the market is … besides, it’s all numbers on a screen anyway
… onto tomorrow.
… 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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