PPI today … what surprises are in store for manipulated hungry markets?
… we’re about to find out! … “well, that escalated quickly didn’t it?” … CPI
“HOT”, PPI not so much … and the “Spoos” breath a sigh of relief … 10 YR.
Treasury down a tad in yield … the end game here is simple … blow up all the
bubbles to unheard of heights … pull the plug and confiscate … anything else
ends in a deflationary collapse of the government and default of the debt … and
the rate the Uniparty in “The Swamp” is going, we’ll get there a Helluva lot
sooner than you think … that’s why you hold your crypto in a DEFI wallet, and
why you hold your precious metals OUTSIDE THE BANANA REPUBLIC
… BullionStar in Singapore is my primary recommendation, and you can
buy/sell in crypto.
ECB met today … nobody cared … gold & silver treading water a little higher
post PPI, the “Spoos” hitting off buy stops on the upside, cuz you just gotta
believe, and crypto marking time to the Bitcoin “halving” in 3 days on the 14th
of April … at least so far, I sense a little disappointment hanging over markets
that the PPI number didn’t create the bat shit crazy [BSC] response the CPI did
… oh well, deal with it … and why did the PPI miss lower? … why “seasonally
adjusted” gas prices! … you know, the one commodity that is roaring higher
… let’s just “seasonally adjust” them to take the sting out of ‘em, cuz dumb
asses in the public will never know …WE’RE PROPAGANDISTS, WE CAN DO
WHATEVER THE FUCK WE WANT!!” … all the details from ZH in the link below.
https://www.zerohedge.com/markets/literally-gas-lighting-hilarious-reason-
todays-ppi-miss-seasonally-adjusted-gas-prices
“Seasonally adjusted” gas prices dropped 3.6% in March, even though gas prices
INCREASED BY 6.3% … “AH YES, THE WONDERS OF MATH IN THE HANDS OF
WHIZ KIDS IN GOVERNMENT!” … what a bunch of bullshit … it’s like I said
yesterday … “RIGGED”, and always has been … if real numbers were used, PPI
would have blown away upside expectations and the “Spoos” for one wouldn’t
be where they’re at now, that’s for sure … but hey, bubbles must be protected,
and rates “massaged” so the Banana Republic can borrow a TRILLION dollars
every 100 days … and if you can’t see how FUBAR all of this is, you’re fucking
delusional AND blind! … and maybe, just maybe, the “Chump Monkeys” sitting
on institutional trading desks at JPM and others, have figured out the whiz kid
“CON”, as the “Spoos” have lost all of the gains post PPI headlines [about 40
index points UP give or take a few, and now down about 30 index points and
counting] … rates also backing back up to 4.58% from 4.52%, the so far high of
the day area … in other words, “Pump & Dump” in all its glory! … the lesson
here is simple … NEVER EVER BASE TRADES ON NEWS, but instead on the
algorithm which will never ever fail you! … that doesn’t mean you’ll never lose,
it simply means losses will be smallish in nature and not hurt you on “false
positives” … if the news is TRUE for short term “FOMO & MOMO” direction, the
algorithm will show it and confirm and then you’re good to go on the trade!
Into the NY afternoon, and nothing is happening in anything … ranges tight, and I
dunno if it’s markets are tired or simply confused, or a combo of both … didn’t
expect this outcome with PPI today … rates pushing up towards 5%, and what
happens if the next Lounge Lizard action is a tightening? … and they gotta
borrow MOAR!, to keep this economic corpse afloat? … at what level on the
10 YR. do rates matter anymore? … 5%, 6%, 8%+? … remember the late 1970’s
with a 21% Fed Funds rate for a top? … at what level does anybody loan money
to a deadbeat? … Is it worth it to get your purchasing power destroyed? … you
may be well asking yourself these questions in the days / weeks / months ahead!
These are the kind of trading days nobody wants to see … some action early cuz
of the PPI, but then after screwing specs the trade slows to a trickle and most of
the rest of the day is a nightmare … gold particularly vulnerable cuz of its high
spread and slippage, where I’m not interested in being in any position for hours
on end just to make a couple of bucks per OZ. … which brings me to the “Spoos”,
where if you can wrap your head around the following concept you’ll make
yourself rich … “Spoos” have nothing to do with reality … they are a figment of
MANIPULATION BY THE FED, AS WELL AS CORPORATE AMERICA VIA
BUYBACKS … turn your brain off and ignore reality, and concentrate on the
algorithm and you’ll make more money than you can dream … 88% of the time
the “Spoos” go higher, so why fuck around with being short? … concentrate
instead on econ stats as presented at face value and what the Lounge Lizards
say, and you’ll end up in the poor house … the “Spoos” are unique to this
concept, and you sure as Hell won’t find it in crypto or precious metals … 6%
of the time the “Spoos” go sideways, which won’t hurt you, and 6% of the time
they get monkey hammered … avoid getting whacked during this time, and
you’ll need a large tanker to carry away all of the money … spread at Coinexx
today very good at 0.2 - 0.4 index points … compared to gold it’s like night and
day, so when gold ain’t moving like it should, why get tangled up inside the
spread along with all of the bullshit gold brings to the table via slippage?
… crypto at the moment, especially ETH, is in consolidation mode and ain’t
doing shit … and quite frankly the spread there is disappointing cuz you never
know what to expect between 6 cents - $2+ for a spread, right along with
slippage that has become a problem … if gold can correct and show some
downside action, which up to now it hasn’t done, I’ll trade it … but overall,
even when trading conditions look slim by comparison, the “Spoos” are a
better scalp and/or day trade … look for more “Spoos” trading by the PAMM
as we move forward.
With 2 hours to go to the close, about an 80 index point range today in the NY
session, with several RM=3 hits on the upside on the m15 chart, and quite a few
RM=1 hits on the upside on the m1 chart … for the m1 as currently constructed,
about 95%+ of all m1 minutes will be contained by RM=1, and 99.7% will be
contained by RM=2 … it is very rare to see RM=3 and/or RM=4 on the m1 unless
there is news, or it’s a gap open from the previous day or weekend … quite
frankly, even though I would never trade micro “Spoos” futures inside the
Banana Republic at the corrupt CME, they do trade over 1 million contracts a day,
where a 1 lot is 5* the index … the interesting thing is, volume is consistently
about 5X open interest [OI], which tells you in spades it’s a scalping / day trading
contract … better than gold and better than crude oil … I agree, but I’ll stick with
offshore CFDs rather than futures for obvious reasons, not the least of which is
government.
I don’t mind riding a winning position in the “Spoos”, if the opportunity presents
itself … I got a big problem with riding anything in gold other than a scalp, cuz
when it changes, it does so “el quicko mucho” and the slippage is horrendous
… not to say the “Spoos” don’t have their moments, cuz they do, but they are
much fewer and far between than anything gold presents … onto tomorrow and
the “Spoos”, and maybe some gold if it can get its ass in gear and trade instead
of crawling pennies with a very fat spread!
… 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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