GOLD KNOWS SOMETHING 0R ELSE

 

“Wanted everywhere, with no counterparty risk!!”

It’s an item I’ve mentioned before, but now coming into view on mainstream

financial websites … which is, how does gold go higher into record territory

with both real and nominal rates rising, and rate cut expectations being cut?

… history says that shouldn’t happen … “well, I got news for history … 1) the

ChiComs want it, along with other central banks cuz they don’t trust the Banana

Republic, … 2) the “economy is doing great” news is bullshit, propped up with

record government spending … 3) and speaking of spending, the Banana

Republic is borrowing $1 TRILLION DOLLARS EVERY 100 DAYS!, and it ain’t

gonna stop there … and 4) gold has no counterparty risk … it’s pure money,

accepted everywhere since the dawn of time … more on all of this at the link

below.

https://www.zerohedge.com/markets/golds-defiance-real-yields-cant-last-

unless-trouble-brewing

And if you open your eyes, and wipe the delusion away from them, you’ll see

decay on so many levels, not the least of which is financial … you think if rates

go up a quarter of a point people are gonna panic and sell gold? … pull-eeze, get

a grip … and while a Trump victory over the corpse of Biden may stall the decay,

it’s by no means a certainty he can get it done with the entire “Deep State”

against him … I hope he does, but it’s by no means a certainty … and if the

election is stolen again, there is no hope whatsoever the Banana Republic

survives another 5 - 10 years as you know it now … it will simply become a one

party totalitarian nightmare where your wealth gets confiscated.

The most likely scenario, iMHO, is for the Banana Republic Apparatchiks to expand

at record speed all of the financial bubbles … everything needs to go up and go up

fast … they can then tax the shit out of it and continue the “house of card” for a

little while longer, while at the same time giving and dispensing the illusion of

“Everything Is F-ing Awesome” while the middle class disappears … the end

game comes when 2 events take place … 1) oil gets repriced from dollars to

Chinese Yuan by the Saudis and OPEC+ … 2) the ChiComs make the Yuan totally

convertible into gold bullion via state owned banks … the financial MSM will call

these “Black Swan” events, but they are anything but … so, what does gold know

now that other markets don’t? … it smells economic bullshit while the world wants

to smell roses, and it knows rates can’t go higher in any significant way cuz it will

kill whatever is left of business that isn’t already dead … and that means crypto

and gold look very well positioned well into the future … unless you think

POLS & Apparatchiks have a “Come To Jesus” moment and stop spending,

balance the budget, and actually care about the people they represent … I’ll

believe it when I see it, and not a second before that, cuz history says it’s never

happened with deadbeat governments, and what’s gonna change their minds?

Sooner or later we had to get a day like this, where trading action is very subdued

and there appears to be little interest ahead of tomorrow’s idiotic NFP

make-believe job numbers from the math whiz kids at the Dept. of Unicorns &

Fairy Tales … both price and time can correct and we’re seeing a little of that

today … unless something unusual happens [always a possibility with gold

and/or crypto] and more buy fuel suddenly appears on the scene, it appears 2300

is the level of most immediate resistance in terms of price alone … after such a

strong runup, it’s got to rest somewhere at some point, and I’ll remind people

again, it’s been over 40+ years [late 1970’s] since gold has been this bat shit crazy

[BSC], and that didn’t last cuz it was specifically spec driven by the Hunt brothers

in silver … we’re in a whole different world then from back in those days.

I’d feel a whole lot better buying spikes lower [if they hold and turn] than this

crap we’re seeing today … “no Skippy, a $1.50 drop in an m1 is not a correction, OK?” … need to see at a minimum levels of $3 - $5+, and then step up to the

plate … what we’re seeing today is nothing but “gaslighting” by scumbag bullion

dealers to trap traders … throw in a fat spread plus commissions, and they’ll be

doing the scalping … for sure, FOMO and MOMO are still here, but in the very

short term they’re running out of gas … the m15’s can barely show ranges of $2,

with an occasional burst, and heading into the mid afternoon of trading, it’s an

open question who’s stuck more, longs or shorts … quite frankly given the

spread + slippage, I’d say both are behind the 8-ball today … onto tomorrow

and the NFP, for whatever that’s worth.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

THE GOLD BULL VERY FEW BELIEVE IN

 

“There is nothing new under the sun!!”

I want fo focus today on the micro trading side of gold … not what drives it, but

how it trades … and since we’re at the start of a very big bull market run in gold,

IMHO, I’ll stick to the long side and leave the short side alone … the biggest

difference from yesteryears, is the disappearance of mining companies hedging

production [from the sell side], being replaced by the FED manipulators on the

“Rally Protection Team” [RPT], and the rise to prominence of central banks,

especially the Ruskies & ChiComs, and their stated purpose to back their fiat

with gold.

A few of the things we see in bull markets, we rarely see in neutral or bear

markets … 1) sharp “V” bottoms that don’t come back to test the low but simply

take off to the upside … 2) more RM=2 & RM=3 hits [sometimes RM=4], both on

the upside and the downside, for both m15 and m1 … wider ranges, both daily

and NY, with some “Scumbaggery & Fuckery” moves in off hours … and 3) some

horrendous potential slippage if you get on the wrong side of a move and either

have to buy a green spike up or sell a red spike down … make sure you

understand what your risk parameters are when you dip your toes into this

water … you may find a leg missing if you get sloppy!

I would also add, be very careful of directional movement after about 2 PM EST

… breaks in bull markets with signals negative, and not much time on the clock

to the close can be particularly dangerous for longs … ditto the reverse for

shorts … and what we’ve seen lately are some ferocious late day rallies that

trap shorts.

This is one of those days better left out of the bulls script … nothing in Asia or

Europe in terms of price action, and then from the opening bell of the criminal,

money laundering NYSE open, gold takes off … biggest correction comes only

a half hour after the open after a FOMO panic buy spree that hits RM=3 on the

m15 … that was it, cuz from there to mid afternoon, it’s been straight up with

only cursory $2 - $3 moves lower and very sloppy action … with a spread in the

35 cent range, and slippage ALWAYS TO DEAL WITH, sloppy chop action is

something you want to avoid … these LP assholes will paper cut you to death.

Like I hinted at yesterday, it’s getting to the point where any correction off a top,

that sees price go lower for at least 3 or 4 minutes, and then on the m1 it turns in

price and the slope turns white on the ZLMA, period 15, it’s got a high probability

of success for a scalp trade at a minimum … in this scenario, what you have to be

careful of is the 1 or 2 m1 move higher before it gets “monkey hammered” again

lower leading to loss … on bigger breaks, this will happen quite frequently, and

usually those bigger breaks end either at RM=3 or RM=4 on the m15, and RM=2 or

maybe RM=3 on the m1.

I didn’t see today shaping up like it played out … here we are up at $2300, up 7

days in a row about $125 higher … what I don’t want to see is a sharp rally in the

Asian or early European sessions, cuz that most often spells FED selling in NY

… rarely do all 3 world sessions go in tandem! … a disappointing day, but who

cares? … from my perspective it matters little from a trading perspective where

gold is at … $200, $2,000, or $20,000 I could care less … it’s about the

psychological setups and how they play out, and quite frankly ALWAYS has

been since the dawn of time … no trades today … onto tomorrow!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

MR. “81 MILLION VOTES” IS A LIAR

 

“I never did that! ... oh, but you did!!”

Will the MSM press corp try and bury this latest lie from “Fuhrer Biden”? It’s

there on “X” with your name and account from the White House all over it, and

suddenly like a photo with Stalin, you ain’t there any more … did you vote for

this complete Doofus? … this is the same guy who raised funds in NYC the

same day the city is mourning a dead Long Island cop who got killed in the line

of duty cuz of his insane policies, and then skips town without a mention of

anything … did you vote for this complete Doofus? … cuz if you did, good luck

getting rid of the blood on your hands no matter how hard you try and pretend,

just like all the other Libtards & Rinos, that it’s got nothing to do with you

… BULLSHIT! … and while you’re at it, remember the 13 American soldiers who

died when “Taliban Joe” got ‘em killed in the Afghanistan withdrawal clusterfark

due to his complete incompetence … “if an “R” were in office, he/she couldn’t

get away with 5% of the shit Biden skates on routinely … this latest blatant LIE

about his transgender blunder on Easter only the latest example … if this were

Trump in office, he’d already have been politically executed by the elite &

haughty MSM … what a morally sick country … here’s the link from ZH

yesterday with the details.

https://www.zerohedge.com/political/i-didnt-do-biden-reportedly-has-no-idea-he

-issued-trans-day-visibility-proclamation

Meanwhile over in gold, rising bond yields having no effect so far on price

… inexplicable really when you consider “Stock Bellies” and crypto getting

mauled … I can only guess that when you spend $1 TRILLION you don’t have

every 100 days, with no end in sight from feckless, gutless POLS in the Uniparty,

there’s literally no reason to stop buying, as gold starts it’s “Palladium” journey

upward into the stratosphere of “The Twilight Zone” … not the case in crypto,

where rising yields are seeing “Thelma & Louise” show up for a spanking lower,

so far and it’s early yet, ETH already down about $240 from its high set earlier

in the trading day, and BTC down about $4900.

Well now, FOMO straight up, followed by getting beat like a baby seal at a

Japanese whale hunt … then nothing as we move to the end of the day? … can’t

complain about the level of action in gold, but can certainly complain about the

ever present ChiComs versus the FED battle going on … a lot of traders getting

really hurt in this battle … risk is very hard to quantify in this environment,

analogous to Bitcoin [BTC], where bat your eyes and it’s against you like a

lightning bolt, far greater than you planned … now what?

There are a few things I have gotten wrong about gold in this trading

“Twilight Zone” environment since the start of the year … 1) historical norms for

gold have not held up well at all, and by far this bull market is setting new norms

of trading behavior not seen since briefly in the late 1970’s … if you’ve been

looking for this the last 50 or so years, it’s been a very long wait! … we are now

much more likely to see “V” shaped bottoms than ever before, especially off of

RM=3 and RM=4 levels when hit on panic sell offs … wait for the confirmation

turn on the m1, and make the trade, forcing the market to go lower still after

some congestion, which we’ve seen lately it can’t do … and that sets off an

avalanche of “buy fuel” short covering … 2) I have been loath to trade and make

long trades on algorithm signals as NY goes into its afternoon hours … rather, it

isn’t the longs that feel threatened with shortage of time, it’s the shorts … and

we’ve seen all too often good moves higher as shorts panic … this has been a

mistake on my part, cuz quite frankly these moves can and have been fast and

furious at times … and 3) LONG trades off of RM=3 AND/OR RM=4 ON THE

DOWNSIDE on the m15, have provided excellent entry points for long trades

when the m1 goes “white” … some really good scalps are available here

… I’ve missed these waiting for the m15 to turn white which takes some time

… no more … I’ll be much more aggressive going forward when it’s appropriate.

Two trades today, one a “false positive”, which was more my fault than the

algorithm … I simply waited too long off the 18:30 server time low on the m15

that hit the RM=3 level after a nice $20+ drop … live and learn in the

“Twilight Zone” gold paradigm we now find ourselves in … you snooze and you

lose … if I had long spaghetti noodles, I’d flog myself for being such a fucking

Dope, cuz the m1 turned white within a few minutes of that low … PAMM DOWN

A HAIR OVER 0.1% … going forward, look for bigger volumes and results worthy

of trading a crazy ass market … this up a little down a little is bullshit … and

while it’s also available over in crypto, relatively speaking the risk parameters

in gold, at least up to and including now, are better than either BTC or ETH … we

haven’t seen 10% - 15% moves in gold like we’ve seen in crypto, and there is

better demand dynamics now than ever before … if you’re looking for proof that

metals can move, just remember Palladium … from the start of 2016 when it was

around $500, before the pandemic COVID hoax bullshit hit in March 2020,

Palladium almost hit $3000 … over the last few years it’s been in about a $1,000

range, from high to low, and visited $3k 3 times … currently a little over $1,000

… now that’s some serious movement! … so, gold from about 1600 from the

start of November 2022, if it mirrors Palladium in its bull run, would put the gold

price up around $9,600 - $10,000 before it’s over, sometime in the future

… why not, what’s to stop it?

One other thing is the cell value levels of the RM support / resistance levels in

gold, both for the m1 and m15 … if need be, I’ll boost them to higher volatility

levels when appropriate … I’d say we’re pretty close but not quite there yet

… I’m watching it closely and I think we would need to see consistent daily

ranges over $40, and NY session ranges over $30+ … we’ll see … onto tomorrow,

can’t hardly wait! 

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

UNDERSTANDING GOLD’S SIMPLE M.O.

 

“Not understanding gold could start your day like this!!”

The “C Teams” are in charge of trading desks today across the world on Easter

Monday, or should I say one day after Biden’s disgusting “Transgender Day of

Awareness” activism horseshit, on the Holiest day of Christianity? … I

sincerely hope you realize these Elitists hate your guts and everything western

civilization stands for and represents … just one more “nail in the coffin” of

the Banana Republic as it heads for social, moral, economic, & financial ruin.

Markets are open, but then again they ain’t … volumes & liquidity thin would be

a kind description … gold going bat shit crazy [BSC] right out of the gate at last

night’s open, and had a $25 range before Asia even opened! … and alas, when

you see these massive pumps in Asia, expect the massive FED Lounge Lizard

“Dump” come New York … and vice versa to be sure … it’s a game the

ChiComs play with the FED, cuz they simply want the phyz and don’t really

care what they pay for it … in other words, a newer version of the

“Comex Con Game”, the ChiComs clearly replacing the hedging miners

of yesteryear.

Add to this the fact most of the world ain’t playing, and it’s a ripe field for FED

“Scumbaggery & Fuckery” in New York after they’ve blown all the “buy fuel”

up earlier in the day, and with nobody around go for the “Johnny come lately”

spec sell stops … nothing more the FED wants than that bearish “dragon doji”

on the daily chart for all to see on new ATHs … it’s supposed to get you to

sell, and quite frankly gold is a tad overextended at the moment, so maybe the

market gets a slight reprieve from the buy pressure … maybe … not counting

on it, though, cuz the world’s central banks + the ChiComs are lined up with

heavy, solid bids in place … “go ahead FED, sell ‘em some more you ain’t got,

and lose more Billions you can print with the CNTRL-P machine … we’re in for

one Helluva year going forward!”

Unintentionally and quite by accident, I got up late today and missed important

action, as I exhausted myself in the Easter egg hunt yesterday, but tomorrow

sees the world come back to their machines, and I’ll be hittin’ gold around

5- 6 AM EST … crypto is already stalling at these levels, and I expect trading

action to be sub par from what we’ve seen in Q1 2024 … we’ll see

… onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas