VIX ebbs and flows like the ocean’s tides, but what disturbs me the most
heading into this week is that the percentage of trading action as defined by
the “New York session median / the daily range for the day”, has fallen below
50% for Ethereum [ETHUSD] and Bitcoin [BTCUSD] … and what that portends
for both, IMHO, are alternating trading days of pure shit with days of bat shit
crazy [BSC] action … one day a large blow out range and the next it acts like
it’s closed … this is the kind of bullshit that infects FX pairs, purposely designed
to screw specs by the central banks by creating conditions where VIX is highly
inconsistent … and that means banks win and specs lose.
On the other hand, both gold and silver are seeing increased VIX, where NY
headlines about 75% of the daily action in less than 8 hours … and while things
can change, they don’t appear imminent and I don’t foresee gold going
“sleepytime” with a significant drop in range … maybe some, but not enough
to make a difference. … the FED is close to puking gold shorts HARD, and with
solid foreign central bank demand for “bigly & yuge” size, I don’t know how
they see getting out of this FUBAR clusterfark without losing hundreds of
billions of dollars … and that most likely will see gold benefit along with silver.
I’ll move back over to ETH when it makes sense to do so, but 48% versus 75%
in gold is a wide differential and makes for better trade conditions … starting
the week, I’ll be back in gold … 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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