They trade billions, if not trillions per day, yet they never get into trouble with
their trades … why is that? … cuz they’re sooooo smart? … maybe it’s cuz of
what I’ve known for decades, first observing it in trading pits … the data game is
“RIGGED”, and they are positioned perfectly for what is coming at the appointed
time … doubt me? … well now we know from the BLS it’s true, thanks to ZH
… the link directly below.
https://www.zerohedge.com/markets/scandal-rocks-bidens-labor-dept-lying-
about-sharing-non-public-inflation-data-secret-group
I have maintained for decades, that ALL REPORTS ISSUED BY GOVERNMENT
[including the FED] be done on Saturday mornings … this way ALL MARKET
PARTICIPANTS, LARGE AND SMALL, CAN ASSESS HOW THEY WANT TO
TRADE COME SUNDAY NIGHT ON THE OPEN AND BEYOND DURING THE
WEEK … but that ain’t ever gonna happen cuz scumbag LP banks and HFTs
have got to have the ability to screw over institutional & spec accounts for all
they are worth, and since the POLS, Apparatchiks, & regulators want their
“skim”, it’ll continue and never change.
Well, that escalated quickly didn’t it? … Whoops!, not even the whiz kids can lie
about this one, a little hotter than “Taliban Joe” would like to see, and more
importantly the 10 YR. Treasury over 4.5% yield now and rising … no worries,
just print MOAR! … consumer prices, as measured by the government which are
woefully inadequate as well as inaccurately underreported, are up 19% since
“Diaper Joe” has been Preezy … not a single month this Doofus has been
Preezy have prices fallen … worst Preezy in history, and at least Jimmy Carter
feels a sense of relief! … digging through the data, I do note that typewriter
ribbon and horseshoes fell in price, so at least the Amish might be happy
… question is, though, with everybody and their pet rabbit positioned long gold,
where are the stops you absolutely know the bigger players have their eyes on?
… wait for it, it’s coming!, and you won’t need me to tell you about it, cuz you’ll
see the down “bigly & yuge” red spikes on the m15 and the m1.
With today’s casino action brought to you by government, a few things need to
be mentioned that have a direct bearing on trading these more volatile markets
… 1) especially with “important” numbers being released as determined by the
propagandists on Wall Street, you need to recognize that the RM levels upon
release of data DON’T MEAN MUCH OF ANYTHING! … meaning panic has no
bounds and can’t be measured by us cuz we have no way of seeing order flow
coming through institutional order desks … 2) RM levels currently constructed
for gold and “Spoos” are undervalued and need to be raised to higher volatilities
… RM=4 levels should in no way, at least theoretically, be hitting this MAX as
often as it is … LESS THAN 5 TIMES PER YEAR, NOT EVERY DAY WE TRADE!
… and 3) I’m adding spot silver [XAGUSD] TO OUR PAMM TRADING LIST MIX,
BRINGING OUR COVERED MARKETS TO 5 … the “vegas mq4 code for support /
resistance levels” based on volatility is available now over in “Download Links”
for silver … current RM levels are RM=1 & RM=2 for the m1 chart, and RM=2 &
RM=3 for the m15 chart … I’ll be updating the 20 Day Range MA & MEDIAN, and
I’ll have new higher VIX RM levels for gold and “Spoos” on the upcoming
Sunday blog update.
Now that silver has broken through $26 per OZ., going forward there should be
some really good trading opportunities … better than gold I would say with a
better bid/offer spread of usually under 1 penny per OZ., but will blow out on
sharp moves up/down … quite frankly, paying 35 - 40 cents per OZ. in gold AND
having to deal with sometimes horrendous slippage is a pain in the ass … I don’t
know how slippage is going to be in silver, but I don’t see how it can get any
worse than gold … in any event, I’ll start with low volumes and work from there
… GiddyUp! … once up & running, let me remind traders, though, trade silver
based on silver signals, NOT on what’s happening in gold! … yes, they strongly
correlate positively, but different dynamics for different markets … it’s not even
11 AM EST in NY, and we got a DOUBLE REVERSAL GOING IN SILVER, with an
approximate 89 cent range [so far]! … and as you’ll see, RM=2 on the m15 chart,
and RM=1 on the m1 chart, hold very well … better really … EXCEPTIONAL!,
IN FACT!
With the exception of the 2 crypto pairs BTC & ETH, where spreads and very high
margins require a lot more money in your account, and thus make them less
attractive than the other 3 pairs, all 3 of SP500, GOLD, & SILVER have moved
quite well today … out of the 3, gold the most bat shit crazy [BSC] with price
quite erratic versus the other 2 … blink your eyes, and it can get quite nasty
… the “Spoos” are getting a much needed correction, and going forward it’s a
question of where the support is on the way down … and just as an aside, the
“Spoos” are the only ones we trade that trade inside an “88/6/6” paradigm that
I have written about extensively before … the entire system is rigged to see
“Stonks” go higher, and stock markets don’t exist so prices can go lower
consistently … the “Plunge Protection Team” [PPT] certainly make sure of that!,
right along with corporate buybacks … and IMHO, it makes complete sense to
trade this market from the long side ONLY, but since I’m not your MOM, you
can do what you like.
Time for FED Lounge Lizards “minutes” from the last rigged meeting … just what
we need today, more VIX! … aaaaaaaaaaaaand, nobody gives a shit … rightly so,
as why would anybody in their right mind listen to these Elite assholes who spew
propaganda daily with the intent of manipulating “Stock Bellies” along with other
markets? … bought and paid for!
One trade today for the PAMM in gold … PAMM UP FRACTIONALLY … not
interested in holding anything for anything but a scalp, and this trade lasted far
too long for my liking … of course, 5 minutes later it takes off to the upside, but
that’s water under the bridge and I don’t really care … hopefully metals can
correct from here, although I’m not looking for much … “Stock Bellies” look to
be the most vulnerable, as headwinds mount via rates and geopolitical events
… 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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