Micro gold futures volume [VOL] on Friday traded over 300,000 contracts, which
is slightly less than 10X the open interest [OI] … 226,000 contracts traded
Monday, and about 180,00 contracts yesterday … clearly, interest is picking up,
and while I wouldn’t trade in the U.S. for any reason, but instead trade CFDs
offshore, you can bet the worldwide offshore volume was significantly higher
… and as long as POLS borrow money with no intention of ever paying it back,
and Apparatchiks at central banks monetize said debt, gold and silver will be in
focus! … unless there’s a revolution where heads get separated from shoulders,
I don’t ever see that happening … the idea of “kicking the can down the road”
and letting somebody else deal with the inflationary problems, is too enshrined
and easy to put into practice for them to ever stop … financial collapse is closer
than you think!
And when that happens, there WILL BE NO ESCAPE FROM THE BANANA
REPUBLIC! … government already knows more about you than any member of
your family, and it’s about to get worse, now that Uniparty RINO hacks in the
Clown College [retard section] just passed a spanking new authorization bill
giving the intelligence agencies [an oxymoron if there ever was one] sweeping
power over Americans .. like the Stasi, KGB, & Stalin’s infamous NKVD,
ordinary Americans are treated by the “new Gestapo” with contempt, running
roughshod over constitutional rights in the name of “national security”, and of
course for the children … what a bunch of BULLSHIT! … it’s about POWER &
CONTROL over people’s lives, and it will make confiscating your wealth that
much easier … somewhere in the depths of Hell, Reinhard Heydrich is jealous
with envy at this so called “Democracy” that ain’t … you live in a Fascist
Technocracy, where capitalism is only paid lip service … the link below at ZH
with more details.
https://www.zerohedge.com/political/supercharged-spying-provision-buried-
terrifying-fisa-702-reauthorization
We’re starting to hit that important “inflection point” in monetary history, where
when SHTF it’s gonna be quick and furious … since 1971, when NIxon took the
Banana Republic off the Bretton Woods gold standard and introduced “fiat”, it’s
been a cascading series of problems and short term fixes that get worse,
worse-er, & worser-er-er every single year … the world is waking the fuck up,
with central banks all over the globe demanding gold, once held in New York, be
returned back to its original origin … why? … cuz they don’t trust the U.S. to
keep its word and deliver THEIR GOLD WHEN THEY WANT IT … since the end
of the Korean war, the U.S. has stabbed every single supposed ally in the back
and abandoned them, and now with the weaponization of the dollar, nobody
knows who’s next that falls out of favor with “The Swamp” and decides to
sanction you for political expediency … “So, gimme my fucking gold back!!”
The whole idea and premise of “BRICS” is to develop a system of international
payment solutions so that countries can bypass using the FED SWIFT system
and ditch the U.S. Dollar cuz of the potential problems it can lead a country into
… and part of that system is gold … I’ve said it before and I’ll say it again … the
U.S. is O.V.E.R. when Saudi Arabia starts accepting Chinese Yuan for oil payments
[that’s already begun!], and then STOPS ACCEPTING U.S. DOLLARS FOR OIL
… at that exact moment, good luck Banana Republic in your daily Treasury
auctions and paying the bills, not to mention all the freebie shit demanded by
“The Free Shit Army” that won’t be there any longer … and the price of gold?
… who knows, but it won’t be lower! … and all of those ILLEGAL IMMIGRANTS
BIDEN HAS LET IN, go on a terrorist rampage that the country can’t now afford to
confront cuz they can’t borrow money any longer to pay for anything … what a
shitshow that’ll be when it occurs, cuz that’s what the Elites want … they want
America to be over and done with … throw out the constitution and start over
as an authoritarian system of one party control and power … and more than
likely, you’ll be all for it!!
Quiet overnight, and it appears to me the ChiComs are playing their cards close
to the vest … no selloff in the Asian session, as they are gonna make the FED sell
it off so they can buy it … why should they sell it off and let the FED ring the
register for some short term gains? … make the FED sell MOAR! … the longer
we hang up here within striking distance of 2400 and the high around the 2430-ish
area, the bigger the next explosion will be to the upside … what does the FED
do then? … and what happens if silver goes parabolic as well? … demand for spot
silver is “off the charts”, with many mines going straight to end producers of
silver and skipping the “Comex cartel” altogether cuz they can get much better
pricing … spot silver is anywhere from $5 - $7 premium to futures!, IF YOU CAN
GET IT DELIVERED TO YOU … and if you need size? … OMG!, ask the Indians
how that’s going … quite frankly, I wouldn’t be surprised to see metals continue
to go hyperbolic up and until a bullion bank goes tapioca and forced out of
business … that kind of news portends a top IMHO … but we ain’t anywhere near
there yet! … [I don’t think, but today’s trading action worries me over the near
term and into the May - August cycle … they can’t even drive buy stops cuz
there’s no power there to drive it … everybody who wants to be long is
already long … now it’s sell stops turn in the sun … I could be wrong, but metals
already have very long over positioned specs with stops below … if history
repeats, which it almost surely does, the bullion banks and the FED will go
get them … question is, will the ChiComs let them or not? … we’ll see]
We got beat up today … chop in gold followed by sharp moves lower in
everything else, along with horrible fills from the Coinexx HFT LP, who robbed,
mugged, and raped us pretty hard … B.I. Itch all you want, they don’t care, and
getting through the spread to the other side in what seemed an impossible
scenario … when it doesn’t wanna go, it doesn’t … surprised to see no attempt
at 2400 the entire day … going forward, my first priority will be ETHUSD, which is
moving as well as can be expected given its ranges lately, which have been very
good … spread tighter relatively speaking than anything in gold or Bitcoin, but be
careful of the spread when it moves above $2+ … trade at that level and you’re
gonna get fucked royally by the scumbag LP … just warning you … volumes
upped today, and we’re on the wrong side of being DOWN JUST NORTH OF 0.6%
… I came in with thoughts of “day trading” more than scalping … fuck that!
… scalps, especially in ETH worked well, day trades in both gold and ETH didn’t
… lesson learned the hard way, even for somebody who’s been around trading
forever … volumes will remain high, and it’s the scalps I’m looking for and are
my “bread & butter” … if gold continues to go higher, I’ll look at it, but I’ll only
trade it if ETH goes dead … ETH is the better scalping vehicle hands down
… just as good as movement and a much tighter spread with usually low
slippage … today at times, that slippage in ETH was bullshit, but it’s bullshit
99% of the time in gold so what’s the difference if you get a “one off” in ETH?
… BTC is just plain stupid with its hundreds of dollars in moves up/down in
seconds … add some slippage to that pig along with a fat spread and see how
you feel … trust me, you won’t feel very good!
I’m somewhat surprised markets as a whole went lower hard today, as yields
went lower … it is what it is … it’s tough to see what group is leading and who’s
following … near its low today, ETHUSD has lost roughly $800 in value over the
last 7 trading days during the week … talk about a sell stop bloodbath, this is it,
right along with BTCUSD … from my perspective, though, it makes a much better
trading vehicle when both sides panic, instead of the straight shots up or down
… onto tomorrow and ETH scalping! … [should have never left it to begin with!
… Oy Vey Maury, Oy Vey! … one more thing … I’ll be trading ETH to about 4 PM
EST, so look for blog posts sometime after 4 PM EST but before 5 PM EST … as
today proves once again, trading action in the last half of the day to the NYSE
close can be quite interesting, and I want to be there when scalps present
themselves … rough day today, but no worries … 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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