Will the MSM press corp try and bury this latest lie from “Fuhrer Biden”? It’s
there on “X” with your name and account from the White House all over it, and
suddenly like a photo with Stalin, you ain’t there any more … did you vote for
this complete Doofus? … this is the same guy who raised funds in NYC the
same day the city is mourning a dead Long Island cop who got killed in the line
of duty cuz of his insane policies, and then skips town without a mention of
anything … did you vote for this complete Doofus? … cuz if you did, good luck
getting rid of the blood on your hands no matter how hard you try and pretend,
just like all the other Libtards & Rinos, that it’s got nothing to do with you
… BULLSHIT! … and while you’re at it, remember the 13 American soldiers who
died when “Taliban Joe” got ‘em killed in the Afghanistan withdrawal clusterfark
due to his complete incompetence … “if an “R” were in office, he/she couldn’t
get away with 5% of the shit Biden skates on routinely … this latest blatant LIE
about his transgender blunder on Easter only the latest example … if this were
Trump in office, he’d already have been politically executed by the elite &
haughty MSM … what a morally sick country … here’s the link from ZH
yesterday with the details.
https://www.zerohedge.com/political/i-didnt-do-biden-reportedly-has-no-idea-he
-issued-trans-day-visibility-proclamation
Meanwhile over in gold, rising bond yields having no effect so far on price
… inexplicable really when you consider “Stock Bellies” and crypto getting
mauled … I can only guess that when you spend $1 TRILLION you don’t have
every 100 days, with no end in sight from feckless, gutless POLS in the Uniparty,
there’s literally no reason to stop buying, as gold starts it’s “Palladium” journey
upward into the stratosphere of “The Twilight Zone” … not the case in crypto,
where rising yields are seeing “Thelma & Louise” show up for a spanking lower,
so far and it’s early yet, ETH already down about $240 from its high set earlier
in the trading day, and BTC down about $4900.
Well now, FOMO straight up, followed by getting beat like a baby seal at a
Japanese whale hunt … then nothing as we move to the end of the day? … can’t
complain about the level of action in gold, but can certainly complain about the
ever present ChiComs versus the FED battle going on … a lot of traders getting
really hurt in this battle … risk is very hard to quantify in this environment,
analogous to Bitcoin [BTC], where bat your eyes and it’s against you like a
lightning bolt, far greater than you planned … now what?
There are a few things I have gotten wrong about gold in this trading
“Twilight Zone” environment since the start of the year … 1) historical norms for
gold have not held up well at all, and by far this bull market is setting new norms
of trading behavior not seen since briefly in the late 1970’s … if you’ve been
looking for this the last 50 or so years, it’s been a very long wait! … we are now
much more likely to see “V” shaped bottoms than ever before, especially off of
RM=3 and RM=4 levels when hit on panic sell offs … wait for the confirmation
turn on the m1, and make the trade, forcing the market to go lower still after
some congestion, which we’ve seen lately it can’t do … and that sets off an
avalanche of “buy fuel” short covering … 2) I have been loath to trade and make
long trades on algorithm signals as NY goes into its afternoon hours … rather, it
isn’t the longs that feel threatened with shortage of time, it’s the shorts … and
we’ve seen all too often good moves higher as shorts panic … this has been a
mistake on my part, cuz quite frankly these moves can and have been fast and
furious at times … and 3) LONG trades off of RM=3 AND/OR RM=4 ON THE
DOWNSIDE on the m15, have provided excellent entry points for long trades
when the m1 goes “white” … some really good scalps are available here
… I’ve missed these waiting for the m15 to turn white which takes some time
… no more … I’ll be much more aggressive going forward when it’s appropriate.
Two trades today, one a “false positive”, which was more my fault than the
algorithm … I simply waited too long off the 18:30 server time low on the m15
that hit the RM=3 level after a nice $20+ drop … live and learn in the
“Twilight Zone” gold paradigm we now find ourselves in … you snooze and you
lose … if I had long spaghetti noodles, I’d flog myself for being such a fucking
Dope, cuz the m1 turned white within a few minutes of that low … PAMM DOWN
A HAIR OVER 0.1% … going forward, look for bigger volumes and results worthy
of trading a crazy ass market … this up a little down a little is bullshit … and
while it’s also available over in crypto, relatively speaking the risk parameters
in gold, at least up to and including now, are better than either BTC or ETH … we
haven’t seen 10% - 15% moves in gold like we’ve seen in crypto, and there is
better demand dynamics now than ever before … if you’re looking for proof that
metals can move, just remember Palladium … from the start of 2016 when it was
around $500, before the pandemic COVID hoax bullshit hit in March 2020,
Palladium almost hit $3000 … over the last few years it’s been in about a $1,000
range, from high to low, and visited $3k 3 times … currently a little over $1,000
… now that’s some serious movement! … so, gold from about 1600 from the
start of November 2022, if it mirrors Palladium in its bull run, would put the gold
price up around $9,600 - $10,000 before it’s over, sometime in the future
… why not, what’s to stop it?
One other thing is the cell value levels of the RM support / resistance levels in
gold, both for the m1 and m15 … if need be, I’ll boost them to higher volatility
levels when appropriate … I’d say we’re pretty close but not quite there yet
… I’m watching it closely and I think we would need to see consistent daily
ranges over $40, and NY session ranges over $30+ … we’ll see … onto tomorrow,
can’t hardly wait!
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment