And very soon, interest on said national debt will SURPASS $1 TRILLION … truly
Banana Republic stuff here, and leads to the question, “when does the revolution
start?” … and 2 things will happen I guarantee … 1) gold & silver will skyrocket,
it’s not a question of “IF”, only a question of “WHEN”, and 2) crypto, specifically
Bitcoin will go up faster than ever before … doubters can doubt all they want and
live in fantasy land, it doesn’t bother me, or change the FACT that the Banana
Republic is very much on the “road to ruin financially”, and nobody but nobody
in the “Uniparty” has the will or desire to stop the profligate spending.
It will come fast & furious and leave many behind … markets will explode first and
then the POLS & Apparatchiks will react … “it’s better to be 10 years too early,
than 1 day too late!” … “never let a crisis go to waste”, and they surely won’t
… expect many draconian wealth destruction & capital control laws to be hustled
through the Clown College … will there be a “hot war” first and the cancellation
of 2024 elections? … I wouldn’t discount the idea, cuz the probability ain’t ZERO!
For us as traders, as the disintegration of the country continues its pace, both
gold & silver will pick up trading interest … the FEDS short interest in gold will
collapse and lead to record highs in price, and once freed from government
manipulation shackles, gold will lead the trading world to a better place for
everyone … buckle up!, cuz the state of the country is only getting worse,
worse-er, & worser-er-er-er by the day / week / month with no end in sight
whatsoever.
But you wouldn’t know it from today’s utterly pathetic trading action here early,
where I’m beginning to wonder if the manipulators want everything to shut
down? … in all seriousness, what you’re seeing is literally impossible without
active manipulation by central bank scumbag Apparatchiks … and they don’t
get any “scumbag-ier” than the FED Lounge Lizards … just impossible tiny
ranges and lethargic trading action! … and as I’ve said before, avoid ANY & ALL
U.S. economic reports when trading, cuz no matter how minor they are,
scumbag banks blow up the order book and we get “speed of light … crickets”
trading, and today is no different.
I’ve also reached the conclusion, that if your desire is to trade a non-political
market, and in the process strip out bullshit politics, horseshit econ numbers
that are “fake news”, and POLS & Apparatchiks attempting to influence any
market, the market to trade is Ethereum [ETHUSDT] @ IQCENT … a 1 penny
spread with no commissions, and better liquidity IMHO than its sister Bitcoin
when trading, and currently has a 20 Day Range MA of ~$56 … about 75% of that
comes in the New York session … that = ~ $42, which if you allow each $0.10 of
movement = 1 PIP in FX terms, comes to roughly a 420 PIP range … that’s light
years better than any FX pair, the one disadvantage being MAX 10:1 leverage for
margin purposes … that isn’t specific to IQCENT, but pretty standard throughout
crypto trading now … it’s more than likely the best trading market going
anywhere, and despite the higher margins, you get the movement WITHOUT THE
POLITICAL BULLSHIT that comes with trading pairs like EURUSD … and the
“Trend VIX” is comparable IMHO between the two … quite frankly, it’s “Hoover
Dam” near impossible to beat a 1 penny spread with no commissions on a
dollar & cents pair, and get the liquidity and price action you need … and for the
record, you don’t always get that in BTCUSDT, and that’s why I think it’s a better
overall trading pair for scalping … doesn’t matter if you love or hate crypto,
we’re talking money here! … why pass on it from a scalp trade perspective?
… makes no sense.
Afternoon now in “Biden’s Gulag” [a/k/a New York], and if I didn’t see it with my
own eyes I wouldn’t believe it … 7 - 8 hours and gold has an approximate $6
range from the tips, with session range closer to $3 - $4 over that period … wait,
WUT!? … yea, everybody & their pet rabbit knows tomorrow is FED day & so
maybe things get a little slow … but this is fucking ridiculous! … and quite
frankly, another stellar day for EURUSD [NOT!], with one of the sickest range
days I’ve ever seen … when you spend the majority of the day inside a 20-ish
PIP range yo-yo of horseshit, it’s pretty seriously FUBAR from the “get go” … no
trades for the PAMM today in gold, WTF do you want me to do inside a $3 range?
… we had better trading action 30 years ago when it was at $500! … I dunno,
maybe the FED thinks that by crushing VIX, option premiums on their massive
short calls will create a collapse in premium prices and they can get out
… nothing else makes any sense … over at IQCENT, a shipload of light volume
trades in both EURUSD & ETHUSDT, AND WE’RE UP ~ 0.3% … HIGHER
VOLUMES WHEN THE FED LOUNGE LIZARDS ARE DONE & FINISHED WITH
THEIR CLOWN SHOW TOMORROW … both markets providing good scalping
trades from the long side … and remember, when trading any of the crypto pairs
you need to watch the “basis” between platforms and/or exchanges to give
yourself an EXTRA ADVANTAGE when trading … you can’t buy spikes higher if
you are trading from the long side, cuz if you do you will ALWAYS be behind the
proverbial “8-ball” … spikes higher are for selling [liquidating]! … as for gold,
I don’t see how what we’ve seen the last few days can get any worse in terms
of price action … even though the FED most likely won’t do anything tomorrow,
getting these Asshats out of the way paves the way for better trading conditions
… we’ll see.
… 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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