SEE MY SHOCKED FACE

“The ChiComs are changing the trade deal rules? … whodathunk!”

Well now, here on a quasi Holiday where everybody can celebrate Columbus Day,

here come the ChiComs with a little “walk back” on the “China trade deal” over

the weekend … and even though it’s highly un-politically correct to say it, let me

be the one to say it … “you never trust Communists in anything … ever … and if

you expect the ChiComs to honor any deal they sign today or tomorrow to last

more than 5 minutes, then you’re a fucking idiot … period”! … they’ll only honor

what 1) can’t be verified or kept track of, AND 2) they’ll only honor what benefits

them IN THE MOMENT, and if that changes at any time, they’ll walk away and tell

you to pound sand … take your agreement and shove it! … in the end, only the

U.S. look like idiots, just to prop up the stock market.

And then like the true “soap opera” it is, here in the hours leading up to sunrise

in New York this morning, along comes another ChiCom Apparatchik singing

the praise of the “China trade deal” … :whoops!, elevator up anyone”? … I’m

thinkin' ChiCom leadership needs a stock market rally to liquidate some longs,

and sure enough the HFT’s give it to ‘em … and so, this sick, twisted game of

“whack-a-mole” with markets continues.

So we’re back at “UNCH-ED” on the DOW30, now what? … banks, the bond

market closed cuz of Chris, and no NADA for reports or FED PIE HOLES today

… in other words, a black hole for information today, and unless another POL

and/or Apparatchik steps forward between now and 4 PM EST, there isn’t gonna

be anything to trade … overnight saw decent flows, but whaddaya supposed to

do when the Mafia would give you better bid/offer spread rates than Turnkey?

… and so that’s a bust cuz I’m not gonna evahhhhhhh pay Vito Corleone rates to

trade … as will become apparent here shortly within days, this shit IS going to

stop!

Here in the Gotham PM, it’s dead … DOW30 hasn’t moved anywhere or done

anything … ditto pretty much everything else … going to cut out early today and

spend the time “prettying up” the “Traders Course” [TC] document, and finishing

the various Appendices … we’ll see what happens when the world comes back

from a 3 day weekend … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas

WHAT THE HELL IS THIS?

“DEM 2020 Loons for Preezy … this is our message to America!”

Lunacy is NOT on summer vacation! … Let’s first start with the obvious … “just

cancel the election, cuz Trump wins in a landslide" … why? … when every single

DEM Loon raises their hand for free unlimited healthcare for ILLEGAL immigrants,

and you haven’t done Mr Jack Squat for Veterans, and/or homeless IN THIS

COUNTRY, and they SUFFER while ILLEGALS benefit? … and then you have the

audacity to lay the bill on middle class ‘Murica? … that should be it, you’re

disqualified to hold office of any kind! … in any kind of sane world, this is pure

lunacy and a slap in your face as a U.S. citizen … make no mistake, this is THE

MIDDLE FINGER to the entire country from Libtards, who have a whole new group

of undocumented voters they need to please and pander to for ILLEGAL  votes. I

simply can’t recall a bigger group of misfits, malcontents, wannabes, & SJW’s,

who want to shove socialism down our throats … well, not me assclowns!!

Second on my list is gold … as Yogi Berra once said, it’s “deja vu” all over again!

… can’t move it in late New York, but let the day slip into tomorrow, and trading

goes into the deep hell known as Australia & New Zealand, and all of a sudden for

the umpteenth time in the last couple of months, gold moves straight … hell, it

can’t even get to the Asian open! By the time China opens and starts trading in

earnest, gold already has a $10+ range for the day! … what the hell is this?

… now we’re at sunrise in New York, the day’s range is $16+, and it’s been a round

tripper kind of overnight session … OK New York, what’s in store for us now that

gold has blown its balloon overnight? … “Chuckleheads”, what the hell are you

doing? … where’s the money coming from, that you can lose practically every

single day? … and NO, I don’t wanna go to bed, there’s that “Hoover Dam” clown

wanting/demanding everything I have ever worked for and more, and if I do go to

bed, gold moves! … bottom line: “it’s not easy being me folks”.

So, I’m hoping everyone can see the trading action difference between Asia &

early Europe versus the U.S. … not even close to being the same … a much more

fluid and tradeable market, with bigger scope M1’s than the manipulated U.S.

market … however, unless you want to be a meth addict and stay up 24/5, you

can’t trade Asia & the U.S. without going nuts. 

And the times I’ve tried to trade Asia, it dies or takes off before Asia even opens

… well, now what? … so everyone has to pick and choose which sessions and

which hours to trade and simply deal with it … otherwise, you end up playing

“whack-a-mole” at the pizza parlor.

Noon in New York, and here is the complete bat guano you can usually expect

from New York, once Asia & early Europe do their thing and yank the range past

$10 overnight … all it is [90%+ of the time] is pathetically extend or pretend there

is gonna be any move. So what we see today is typical, and after a complete

reversal from overnight highs, we hit a new low by a few pennies and take some

longs to the woodshed … but, what really happened? … Nada is what happened,

and with the weekend events at the G20 taking center stage, along with OPEC and

Putin, what is this Friday about really? … well, it’s about pure crap is what it’s

about, and it’s simply nothing more than banks separating accounts from their

money … up a little, down a little, set off some stops, rinse & repeat, you get the

picture.

Here at vegas HQ, over the last couple of days, we’ve been training brand

spanking new traders in the art of the gold algorithm … why? … cuz Monday is

July 1, and we plan on unleashing the Kraken on the gold market come Monday

for the PAMM … we’ve traded it [me, Cousin It, & CoS (Chief of Staff) Milton

Waddums] in our personal accounts in up moves, down moves, and now

sideways moves and it has performed better than even we expected. We’ve taken

brand new traders here in Paradise, and in 3 days all are up money in demo

accounts [treating them like real accounts], and are wondering how the hell we

don’t own the world already … but I digress … what we are planning corporate

wise, is offering the gold algorithm in the Fall, right after Labor Day, to the trading

world worldwide … and the PAMM is going to be the track record for the trading

manual we use to market and provide the algorithm … come Monday, I’m going to

be taking every single buy signal the algorithm gives, consistent with a reasonable

to decent probability of success, from 7 AM EST to about 2 PM EST, give or take

some time and depending on how much money we’ve made for the day. 

Just for informational purposes right now, the data sets and mathematical

provisions I’ll be using are from XAUUSD on the Turnkey live server, from 3 AM

EST to 3PM EST [10:00:00 - 22:00:00], which is 12 hours per trading day. All other

times of day are left out, not because they are unreliable, but simply because

they encompass the historically slowest times of day and will skew data to the

downside … as we’ve seen lately, though, Asia can and does explode

occasionally, and while I don’t need millions of data sets to be extremely accurate,

I also don’t need the extra work to get them … therefore, we stick to the main half

of the day.

We’ve moved to the P.M. here in New York, and now that Europe is closed, and the

weekend calling, I certainly don’t expect anything but chop going forward to the

end of the day … already price is drifting in ever smaller M1’s, and absent some

news, this is the future to the close. While we did have some algorithm buy

signals today, I didn’t take them in the PAMM cuz I was teaching, and more

importantly getting ready for the July 1 start on Monday … we had a lot on our

table today, and it was mission accomplished.

So, there’s gonna be some cash flowing come Monday, and if gold moves at all

between 7 - 2, there’s a very high probability we’ll be there to capture part of it.

Blog update on Sunday … until then mi amigos … Onward & Upward!!

Have a great weekend everybody!

-vegas

LET’S PLAY WHACK-A-MOLE

 

“Oh look! … I’m trying to TRADE manipulated financial markets!”

Well, some things never change … “Chuckleheads” buying gold overnight, like 

they almost always do, then expecting New York to pick up on this theme and 

move it forward still … and although NY has done this 3 out of the last 4 days, 

expecting this abnormal behavior to continue is downright moronic … fact is, 

over 90%+ of the time, New York fades Asia and early Europe … and all we’ve 

really seen so far is dumb luck … remember, EVERYTHING, no matter how stupid 

or moronic, has to eventually work and yield profit.

Add to this, we start the New York day in gold with a $10+ range … and as I’ve 

taught for decades, this has a very high probability of not seeing the range 

expanded much, if at all … and thus, it yields a pretty crappy day most times. 

Combine it with 1) this is the 7th day in a row gold is higher, 2) the Chipmunks buy 

it heavily again overnight, and 3) $10+ range coming in, and it doesn’t look good 

on the probability wave function scoreboard … so far at least, a very low New York 

session gold range.

Of course, time will tell if this mini explosion in gold has legs, but 2 things are for 

sure; 1) yesterday’s action shows you how tenaciously scumbag bullion dealers 

are in defending the 1340 -1350 price zone, and 2) sooner or later, as the fiscal 

position of the world deteriorates by the day, and people discover gold again, 

gold will rally … as I’ve said many times, gold only matters when it does, and the 

clock is ticking to financial Armageddon with the U.S. & China leading the way into 

the abyss. If not price gains now, then we are just that much sooner to the party 

starting in earnest.

So while gold sits and diddles around today [so far], as I said yesterday, I’ve had 

it up to my eyeballs with the overt manipulation of the U.S. stock indices … market 

does not trade, and with the BS shenanigans of the LP’s where they manipulate 

the bid/offer spreads daily, and the slippage and latency issues are horrendous, I 

am simply flushing these markets down the toilet … if you trade them, you will 

regret it.

Late morning and gold drifting … doesn’t seem to be any interest in anything 

today, cuz nothing is moving now that we’re in the New York session 

… manipulators gotta be manipulating. However, as time goes by, gold is crawling 

higher towards its “Maginot Line” of 1340 - 1345 … several times we’ve seen a 

move up here from early this morning, and every time it gets rejected … like I said, 

the force is strong among banks to defend this level. Watch total hell break loose 

if we break it on the upside and take out 1246 - 1250 with any conviction … see 

how fast the world wakes up to clueless government central banks and their 

idiotic policies.

And speaking of idiotic policies, Fed Pie Hole Williams is speaking and telling the 

world the dangers of low inflation … EXIT QUESTION FOR THE FED TWIT: “Since 

when is it “dangerous” for no inflation? Inflation robs people of wealth and 

debases the currency … I’m not saying deflation, just no inflation and rising 

prices … what’s wrong with STABLE”? … clueless, absolutely clueless.

After 1 PM EST, and the scumbag bullion dealers are breathing a sigh of relief, after 

another assault on 1340 is thwarted and beaten back with more selling … it will be 

interesting to see if the “Chuckleheads” in Asia push their luck tonight, and 

whether or not somebody decides to take profits before the weekend that can 

bring anything … the market is certainly ripe for it, but that doesn’t mean we’ll see 

it … as always in gold, if you buy rallies you’re asking for trouble.

Looks like tomorrow could be interesting, cuz we got NFP at 8:30 AM EST, and 

given what happened with data on Wednesday with ADP private employment, will 

the Dept. of Unicorns & Fairy Tales give us the same numbers? We’ll see … until 

tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas